Will Lewis
Will Lewis
William Lewis or Willie Lewis may refer to:...
wall black strange
Looking into it a bit, Jamie found that the model used by Wall Street to price LEAPs, the Black-Scholes option pricing model, made some strange assumptions.
wall class america
The CDO was, in effect, a credit laundering service for the residents of Lower Middle Class America. For Wall Street it was a machine that turned lead into gold.
ignorance people stupidity
He was ignorant, but a lot of people mistook ignorance for stupidity, and knowingness for intelligence.
beautiful summer fall
Even as late as the summer of 2006, as home prices began to fall, it took a certain kind of person to see the ugly facts and react to them-to discern, in the profile of the beautiful young lady, the face of an old witch.
opportunity people black
The longer-term the option, the sillier the results generated by the Black-Scholes option pricing model, and the greater the opportunity for people who didn't use it.
brother jobs book
I'd stumbled into a job at Salomon Brothers in 1985, and stumbled out, richer, in 1988, and even though I wrote a book about the experience, the whole thing still strikes me me as totally preposterous-which is one reason the money was so easy to walk away from.
smart people overwhelmed
All that was clear that the profits to be had from smart people making complicated bets overwhelmed anything that could be had from servicing customers, or allocating capital to productive enterprise.
wall dollars world
The model used by Wall Street to price trillions of dollar's worth of derivatives thought of the financial world as an orderly, continuous process. But the world was not continuous; it changed discontinuously, and often by accident.
confusing credit premium
A credit default swap was confusing mainly because it wasn't really a swap at all. It was an insurance policy, typically on a corporate bond, with semiannual premium payments and a fixed term.
people giving mind
A thought crossed his mind: How do you make poor people feel wealthy when wages are stagnant? You give them cheap loans.
optimism sometimes habit
As idiotic as optimism can sometimes seem, it has a weird habit of paying off.
successful people luck
People really don't like to hear success explained away as luck, especially successful people. As they age and succeed, people feel their success was somehow inevitable. They don't want to acknowledge the role played by accident in their lives. There's a reason for this. The world doesn't want to acknowledge it either. Don't be deceived by life's outcomes. Life's outcomes, while not entirely random, have a huge amount of luck baked into them. Above all, recognize that you have had success, you have also had luck. And with luck comes obligation.
morning wall regret
I thought instead of a good rule for survival on Wall Street: Never agree to anything proposed on someone else's boat or you'll regret in in the morning.
writing thinking careers
When you're trying to create a career as a writer, a little delusional thinking goes a long way.