That was somewhere near the middle of a modern gold rush. Never before have so many unskilled twenty-four-year-olds made so much money in so little time as we did this decade in New York and London.
by Michael Lewis
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The quote reflects the excitement and rapid financial gain experienced by a generation of young professionals during a vibrant economic period, often referred to as a gold rush. This era, particularly in financial hubs like New York and London, saw many individuals, regardless of their experience or skill level, amass considerable wealth quickly, driven by volatile markets and innovative financial products.

Michael Lewis, in his book "Liar's Poker," captures the essence of this phenomenon, emphasizing how unprecedented opportunities allowed unskilled youth to thrive in an environment that favored risk-taking and aggressive trading. The narrative illustrates the stark contrast between their rapid success and the traditional paths to wealth, underscoring a shift in economic dynamics during this decade.

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January 26, 2025

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