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Avoiding Capital Catastrophe
Michael Lewis Discusses Simple Means to Prevent Bankruptcy

By: Sophia Pelka (Star) Mar 8, 12

Michael Lewis became a financial journalist and author. He wrote ‘Moneyball: The Art of Winning an Unfair Game,’ which was made into an Oscar-nominated motion picture. His discussion explores the motifs of the book, particularly the current obsession the financial world has with ordinary people.

With the uncertainty of current economics, Lewis advises his audience to “stop banking and go fishing.” Ordinary people should devote more time and money to meaningful parts of their existence, instead of spending finances on e-trade. Lewis encourages the audience to, when thinking of savings, focus more on preservation, stating that it is pointless and inefficient to try and turn a little money into a lot of it. He goes on, telling viewers to focus on what they do for a living, instead of the chaos of the financial market.

Source: youtube
Readmore: vanityfair

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