# Quote — Michael Lewis, The Big Short

> The big Wall Street firms, seemingly so shrewd and self-interested, had somehow become the dumb money. The people who ran them did not understand their own businesses, and their regulators obviously knew even less.

- Author: [Michael Lewis](https://www.leafyquotes.com/michael-lewis.md)
- Book: [The Big Short](https://www.leafyquotes.com/michael-lewis/the-big-short.md)
- Page: 244
- Source: [Wikiquote](https://en.wikiquote.org/wiki/Michael_Lewis_(author)#The_Big_Short_(2010)) ([CC BY-SA 4.0](https://creativecommons.org/licenses/by-sa/4.0/))
- Quote page: https://www.leafyquotes.com/michael-lewis/the-big-short/the-big-wall

## More from this book

> A thought crossed his mind: How do you make poor people feel wealthy when wages are stagnant? You give them cheap loans.

p. 14 — [Quote page](https://www.leafyquotes.com/michael-lewis/the-big-short/a-thought-crossed.md)

> the more he studied Buffet, the less he thought he could be copied; indeed, the lesson of Buffet was: To succeed in a spectacular fashion you had to be spectacularly unusual.

p. 35 — [Quote page](https://www.leafyquotes.com/michael-lewis/the-big-short/the-more-he-studied.md)

> Why isn't someone smarter than us doing this?

p. 108 — [Quote page](https://www.leafyquotes.com/michael-lewis/the-big-short/why-isnt-someone.md)