Michael Lewis

On those exceedingly rare occasions when their hated, ancient rivals at Morgan Stanley got one over on them, Goldman Sachs just made a few (probably insincere) phone calls asking select MSers if they might like to join the anointed, after a short conversation about what they’d been up to lately, of course. Read more »

Or so he told one Bloomberg reporter. Read more »

Michael Lewis thinks high-frequency traders are bad guys. But he also thinks that Brad Katsuyama is a good guy. And Brad Katsuyama thinks that, as bad guys go, Virtu Financial—which just happens to be planning an IPO—is pretty good. Which adds up to something, we’re sure, that Virtu would be happy to let you know about during its whistle-stop/barnstorming “we’re the best you’ve got” tour. Read more »


It’s about lowlives who spread falsehoods about Michael Lewis, with a subplot about the guy’s mom. Read more »

The Big Short author—lionizer of zero-time World Series champion Billy Beane, demonizer of the Elect, CDO fetishist and yoga enthusiastjoins the ranks of the HFT haters, which hate he can explain in 288 short pages. Or 15 minutes for those lacking that kind of patience. Read more »

“When I’m working on a book, I’m in a very agitated mental state. My sleep is disrupted. I only dream about the project. My sex drive goes up. My need for exercise, and the catharsis I get from exercise, is greater. When I’m in the middle of a project, whether I’m doing Bikram yoga or hiking up the hill or working out at the gym, I carry a blank pad and a pen. I’ll take eight hundred little notes right in the middle of a posture. It drives my yoga instructor crazy.” — Michael Lewis [BP via KR]

…if I were in charge I would probably reorganize the movement around a single, achievable goal: a financial boycott of the six “ too big to fail ” Wall Street firms: Bank of America, Citigroup, JPMorgan Chase, Goldman Sachs, Morgan Stanley, Wells Fargo. We would encourage people who had deposits in these firms to withdraw them, and put them in smaller, not “too big to fail” banks. We would stigmatize anyone who invested, in any way, in any of these banks. I’d try to organize college students to protest on campuses. Their first goal would be to force the university endowments to divest themselves of shares in these banks…I think we could create a run on a bank. [TDB]