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Michael Lewis
“They had stumbled either upon a serious flaw in modern financial markets or into a great gambling run. Characteristically, they were not sure which it was. As Charlie pointed out, “It’s really hard to know when you’re lucky and when you’re smart.”
― Michael Lewis, The Big Short: Inside the Doomsday Machine
tags: charles-ledley, cornwall-capital, credit-default-swaps, james-mai, recession, subprime-mortgage-bonds, wall-street
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Michael Lewis
“Both had trouble generating conviction of their own but no trouble at all reacting to what they viewed as the false conviction of others.”
― Michael Lewis, The Big Short: Inside the Doomsday Machine
tags: charles-ledley, cornwall-capital, credit-default-swaps, james-mai, recession, subprime-mortgage-bonds, wall-street
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