Obama`s Basketball: Is Tactical And Sees Ahead A Few Steps

I would call it "a long game." Obama is tactical and sees ahead a few steps and tries to look down the horizon and not take "stupid shots" - his team tends to win because they are less risky. He is almost "sniper-like" in his decisions on the court and very, very, very competitive. Wow. He's 51, and he's not young, but he has got game and desire to "win." - in Yahoo Finance

Michael Lewis is an American non-fiction author and financial journalist. His bestselling books include The Big Short: Inside the Doomsday Machine, Liar's Poker, The New New Thing, Moneyball: The Art of Winning an Unfair Game, The Blind Side: Evolution of a Game, Panic, Home Game: An Accidental Guide to Fatherhood and Boomerang.

Obama's Big Short Moneyball

Video Summary: It's a special edition of the "Power Rundown" with author Michael Lewis. CNBC's Sue Herera & Tyler Mathisen weigh in.

Obama: The Personality Of A Sniper

He plays a game that seems very risk-averse but then all of a sudden, when there’s a risk to take, it’s 'boom. He’s got the personality of a sniper. - in Today On The Trail

Michael Lewis is an American non-fiction author and financial journalist. His bestselling books include The Big Short: Inside the Doomsday Machine, Liar's Poker, The New New Thing, Moneyball: The Art of Winning an Unfair Game, The Blind Side: Evolution of a Game, Panic, Home Game: An Accidental Guide to Fatherhood and Boomerang.

A Week Into It You’re On The Job

In next month’s issue of the magazine, President Obama talks with Vanity Fair‘s Michael Lewis about his occupation in the White House. “There is such an element of randomness in who gets this job,” he says. “What am I here for? Why am I walking around the Lincoln Bedroom? That doesn’t last long. A week into it you’re on the job.” - in The Blaze

Luck & Success

"People really don't like to hear success explained away as luck, especially successful people." - Michael Lewis

Gamblers Delude Themselves

"Above the roulette tables, screens listed the results of the most recent 20 spins of the wheel. Gamblers would see that it had come up black the past eight spins, marvel at the improbability, and feel in their bones that the tiny silver ball was now more likely to land on red. That was the reason the casino bothered to list the wheel's most recent spin: to help gamblers to delude themselves." - in Liar`s Poker, excerpt from the "The Hangover: How Las Vegas Explains the Past and Future of the Economy"

The Relationship Between The People And Their Money In California

The relationship between the people and their money in California is such that you can pluck almost any city at random and enter a crisis.

San Jose has the highest per capita income of any city in the United States, after New York. It has the highest credit rating of any city in California with a population over 250,000. It is one of the few cities in America with a triple-A rating from Moody’s and Standard & Poor’s, but only because its bondholders have the power to compel the city to levy a tax on property owners to pay off the bonds. The city itself is not all that far from being bankrupt.

― Michael Lewis, Boomerang: Travels in the New Third World

Those Who Know, Don`t Tell

“Those who know don't tell and those who tell don't know.” ― Michael Lewis, Liar's Poker

Book Review: “Boomerang: Travels in the New Third World”

“Lewis gives the reader a guided tour through some of the disparate places hardest hit by the fiscal crisis, such as Greece, Iceland and Ireland; tracing how very different people for very different reasons gorged on the cheap credit available in the prelude to the disaster.” — G. “Anand” Anandalingam, dean, Robert H. Smith School of Business in Washington Post

Boomerang: Book Review

Perhaps you have heard of some of his books: “Liar’s Poker,” “Moneyball,” “The Blind Side,” “The Big Short” and “The Money Culture.” All are very engaging books because each one discusses a subject that arouses our curiosity and uncovers ideas about which we rarely think.

“Boomerang: Travels in the New Third World” continues Michael Lewis’ extension of our curiosities with stories about the current global economic crisis that are both funny and educational at the same time. - in Daily News

Long-Term Interests & Short-Term Rewards

“Everywhere you turn you see Americans sacrifice their long-term interests for a short-term reward.”

 - Michael Lewis, Boomerang: Travels in the New Third World

Life`s Outcomes & Luck

"Life's outcomes, while not entirely random, have a huge amount of luck baked into them"

- Michael Lewis at Princeton

A Good Quote From The Big Short

“In Bakersfield, California, a Mexican strawberry picker with an income of $14,000 and no English was lent every penny he needed to buy a house for $724,000.”

― Michael Lewis, The Big Short: Inside the Doomsday Machine

America's Meltdown

"The foundations of America's meltdown started in 1999"

- Michael Lewis author of 'The Big Short'

Video: Princeton Baccalaureate 2012

Michael Lewis, a member of Princeton's Class of 1982 and author of such books as "Liar's Poker" and "Moneyball," speaks at the 2012 Baccalaureate in a speech called "Don't Eat Fortune's Cookie."

Video: Culture Of Wall Street

CNBC video interview, May 2012 - 'Liar's Poker' Author on Culture of Wall Street

Baseball: It Is The Only Sport That Is Transmitted From Fathers To Sons

"The sentimentality of baseball is very deeply rooted in the American baseball fan. It is the only sport that is transmitted from fathers to sons." - in San Jose Mercury News

The Key Dilemma Around Moneyball

The key dilemma around Moneyball, the book by Michael Lewis and the movie based on it (I recommend both), is pretty simple.

The New York Yankees had a payroll of $126 million in 2002. The Oakland A’s had a payroll of only $40 million. How does an underfunded, outgunned outfit like the A’s compete with the Yankees? As A’s General Manager Billy Beane puts it in the movie: “There are rich teams, and there are poor teams. Then there’s 50 feet of crap. And then there’s us.” - in Daily Reckoning

Moneyball: The Art of Winning an Unfair Game

"In his book Moneyball: The Art of Winning an Unfair Game, Lewis profiles the Oakland Athletics’ general manager Billy Beane, as he stole unseen stars from wealthier teams by exploiting baseball’s prejudices; unlike the rest of baseball, Beane wasn’t interested in good looking athletic players who either hit homeruns or struck out nobly, but in smart players who got on base. In The Blind Side: Evolution of a Game, Lewis uses the inspiring rags-to-riches story of a poor homeless African-American high school player to explain how football strategy and tactics have evolved over the years." - in CNN Blog

The Big Interview: Is the United States a Third World Nation?

Michael Lewis, author of the new book "Boomerang," says the United States and many European nations suffered a moral failure that led to economic collapse. Lewis insists that the U.S. economic situation will get much worse before it gets better.