They appeared to know enough to justify their jobs, and

They appeared to know enough to justify their jobs, and nothing more.

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In "The Big Short: Inside the Doomsday Machine," author Michael Lewis critiques the financial experts involved in the 2008 financial crisis. He suggests that these individuals possessed just enough knowledge to fulfill their roles without truly understanding the complex risks they were managing. This limited comprehension contributed to the widespread financial miscalculations that led to the economic collapse. The quote, "They appeared to know enough to justify their jobs, and nothing...

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The Big Short: Inside the...

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Michael Lewis

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January 26, 2025

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They appeared to know enough to justify their jobs, and nothing more.

Eisman was quick to see narratives, he explained the world in stories, and this was one of the stories he used to explain himself. The

He wore the same shorts and t-shirts to work for days on end. He refused to wear shoes with laces. He refused to wear watches or even his wedding ring. To calm himself at work he often blared heavy metal music.

If you are going to start a regulatory regime from scratch, you'd design it to protect middle-and lower-middle-income people, because the opportunity for them to get ripped off was so high. Instead what we had was a regime where those were the people who were protected the least. Eisman

After that, the men in the room rushed for the exits, apparently to sell their shares in Bear Stearns. By the time Alan Greenspan arrived to speak, there was hardly anyone who cared to hear what he had to say. The audience was gone. By Monday, Bear Stearns was of course gone, too, sold to J.P. Morgan for $2 a share.*

Writing a check separates a commitment from a conversation. -Warren Buffett

All the things you can talk about in anyone's work are the things that are least important.

All the things you can talk about in anyone's work are the things that are least important.

Race of Cain, ascend to heaven, And cast God down upon the earth!

Race of Cain, ascend to heaven, And cast God down upon the earth!

"Philip Sharpe was a soldier in God's army," says the minister. "Now he marches with the angels."

"Philip Sharpe was a soldier in God's army," says the minister. "Now he marches with the angels."

For me the curse is a crutch, but the con is everything.

For me the curse is a crutch, but the con is everything.

I don't have anything against God. Far from it. But I don't understand Him. And I don't trust a lot of the people that go around claiming that they're working in His best interests.

I don't have anything against God. Far from it. But I don't understand Him. And I don't trust a lot of the people that go around claiming that they're working in His best interests.

Now that you're an adult, you might still feel a pang of guilt when you decline a dinner invitation in favor of a good book. Or maybe you like to eat alone in restaurants and could do without the pitying looks from fellow diners. Or you're told that you're "in your head too much," a phrase that's often deployed against the quiet and cerebral. Of course, there's another word for such people: thinkers.