The relationship of the big Wall Street banks to the high frequency traders, when you think about it, was a bit like the relationship of the entire society to the big Wall Street banks. When things went well, the HFT guys took most of the gains; when things went badly, the HFT guys vanished and the banks took the losses.
Michael Lewis (author)Related topics
big bit entire frequency went high relationship society street take think wall well banks things losses guys hftRelated quotes
To a few alarmed observers it seemed as though Wall Street were by way of devouring all the money of the entire world. However, in accordance with the cultural practice, as the summer passed, the sound and responsible spokesmen decried not the increase in brokers' loans, but those who insisted on attaching significance to this trend.
John Kenneth Galbraith
When you are into mathematics, you have been so high on the scale of complexity of reasoning that you are living in some kind of altered reality. You think everybody on the street is able to understand complicated reasoning [...]. And you get very frustrated, when you discover that's not the case.
Cédric Villani
