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Michael Lewis: Prioritise playing the game ethically Similarly, Michael Lewis, the bestselling author of The Big Short , exposed the unethical and reckless behaviour of some players in the financial industry leading up to the 2008 financial crisis. However, many of the mortgages had been issued to people who could not afford them.
His assets are mostly realestate and it’s easy to appraise realestate. They can’t inflate their realestate assets because banks will get an appraisal. Cashflow is, however, the tricky one. I do know it’s a lot more ethics and sanity in my day-to-day world, and I’m glad about that. .
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