It was striking how little control we had of events, particularly in view of how assiduously we cultivated the appearance of being in charge by smoking big cigars and saying fuck all the time.

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In "Liar's Poker," Michael Lewis highlights the illusion of control that individuals in the finance industry often project. Despite their attempts to appear confident and in command—symbolized by behaviors like smoking cigars and using coarse language—they are, in reality, at the mercy of larger economic forces. This contrast between their cultivated image and the actual lack of agency reveals a deeper truth about the nature of power in high-stakes environments.

The quote emphasizes the facade that many in the financial world maintain, showcasing the disparity between their outward demeanor and the chaotic reality of market dynamics. This commentary serves as a reminder that no matter how authoritative someone may seem, true control is often an illusion, and the unpredictability of events can swiftly undermine even the most flamboyant displays of confidence.

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January 26, 2025

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