“In Bakersfield, California, a Mexican strawberry picker with an income of $14,000 and no English was lent every penny he needed to buy a house for $724,000.”
― Michael Lewis, The Big Short: Inside the Doomsday Machine
7.19.2012
7.18.2012
America's Meltdown
"The foundations of America's meltdown started in 1999"
- Michael Lewis author of 'The Big Short'
- Michael Lewis author of 'The Big Short'
6.11.2012
Video: Princeton Baccalaureate 2012
Michael Lewis, a member of Princeton's Class of 1982 and author of such books as "Liar's Poker" and "Moneyball," speaks at the 2012 Baccalaureate in a speech called "Don't Eat Fortune's Cookie."
5.04.2012
Video: Culture Of Wall Street
CNBC video interview, May 2012 - 'Liar's Poker' Author on Culture of Wall Street
4.11.2012
Baseball: It Is The Only Sport That Is Transmitted From Fathers To Sons
"The sentimentality of baseball is very deeply rooted in the American baseball fan. It is the only sport that is transmitted from fathers to sons." - in San Jose Mercury News
2.16.2012
The Key Dilemma Around Moneyball
The key dilemma around Moneyball, the book by Michael Lewis and the movie based on it (I recommend both), is pretty simple.
The New York Yankees had a payroll of $126 million in 2002. The Oakland A’s had a payroll of only $40 million. How does an underfunded, outgunned outfit like the A’s compete with the Yankees? As A’s General Manager Billy Beane puts it in the movie: “There are rich teams, and there are poor teams. Then there’s 50 feet of crap. And then there’s us.” - in Daily Reckoning
The New York Yankees had a payroll of $126 million in 2002. The Oakland A’s had a payroll of only $40 million. How does an underfunded, outgunned outfit like the A’s compete with the Yankees? As A’s General Manager Billy Beane puts it in the movie: “There are rich teams, and there are poor teams. Then there’s 50 feet of crap. And then there’s us.” - in Daily Reckoning
2.15.2012
Moneyball: The Art of Winning an Unfair Game
"In his book Moneyball: The Art of Winning an Unfair Game, Lewis profiles the Oakland Athletics’ general manager Billy Beane, as he stole unseen stars from wealthier teams by exploiting baseball’s prejudices; unlike the rest of baseball, Beane wasn’t interested in good looking athletic players who either hit homeruns or struck out nobly, but in smart players who got on base. In The Blind Side: Evolution of a Game, Lewis uses the inspiring rags-to-riches story of a poor homeless African-American high school player to explain how football strategy and tactics have evolved over the years." - in CNN Blog
1.19.2012
The Big Interview: Is the United States a Third World Nation?
Michael Lewis, author of the new book "Boomerang," says the United States and many European nations suffered a moral failure that led to economic collapse. Lewis insists that the U.S. economic situation will get much worse before it gets better.
1.03.2012
Quote Of The Day
´You can tell a lot about a country by observing how much better they treat themselves than foreigners at the point of entry.` - Michael Lewis
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