Michael Lewis

If Mark Kirk needed any more evidence that a certain tome is nothing more than 288 pages of hyperbolic journalistic sensationalism based on shoddy reporting, well, he sure got it yesterday. Read more »

Recording the quotidian details of my day seems to add hours a day to my life: I’m not sure why. Another trick is to focus on some ordinary thing–the faintly geological strata of the insides of a burrito, for instance–and try to describe what I see. Another: pick a task I’d normally do quickly and thoughtlessly–writing words for the side of a cup, say– and do it as slowly as possible. Forcing my life into slow-motion, I notice a lot that I miss at game speed. The one thing I don’t notice is the passage of time. [BI]

The SEC chair assures that nothing is fucked, vis-à-vis high frequency trading. Read more »

Michael Lewis produced a top-selling book by arguing that the U.S. stock market is rigged. To one of hedge-fund operator Citadel LLC’s top executives, small investors have never been more fortunate. “It’s one of the few markets in the world where the little guy gets a better deal than the big guy,” Jamil Nazarali, the head of Citadel Execution Services, said yesterday during a panel discussion at the Milken Institute Global Conference in Beverly Hills, California. “Things are much better today than they were 10 to 15 years ago.” [Bloomberg]

Unfortunately, the Aleynikov apparently didn’t quite measure up to be Michael Lewis’ muse, and so the world got Flash Boys. Read more »

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 »