"On Wall Street he and a few others - how many? three hundred, four hundred, five hundred? had become precisely that... Masters of the Universe"
About this Quote
Wolfe’s genius here is the way he lets a phrase do the moral work of a whole economic era. “How many? three hundred, four hundred, five hundred?” is faux-naive arithmetic, a little drumroll of skepticism that punctures the myth of meritocracy. He’s not really asking for a headcount; he’s showing how small, clubby, and self-reinforcing the commanding heights of finance are. The ellipses mimic an observer catching himself mid-thought, as if even the narrator is startled by what he’s about to concede: yes, these people actually lived as if omnipotence were a job title.
“Precisely that” is the quiet dagger. It suggests there’s no metaphorical distance left, no wink. In the 1980s Wall Street boom - leveraged buyouts, junk bonds, a culture of bonuses treated as proof of virtue - finance didn’t merely influence the world; it started to narrate the world. Wolfe is targeting that narrative: the idea that markets aren’t just mechanisms but moral scoreboards, and that those who “win” are therefore entitled to rule.
Calling them “Masters of the Universe” is both satire and anthropology. It captures the adolescent grandiosity of traders who talk like emperors while moving other people’s money, and it captures the broader cultural surrender to their glamour. Wolfe’s intent isn’t to marvel at their power; it’s to show how a democratic society can be talked into admiring its own subordination, so long as the conquerors wear good suits and speak in numbers.
“Precisely that” is the quiet dagger. It suggests there’s no metaphorical distance left, no wink. In the 1980s Wall Street boom - leveraged buyouts, junk bonds, a culture of bonuses treated as proof of virtue - finance didn’t merely influence the world; it started to narrate the world. Wolfe is targeting that narrative: the idea that markets aren’t just mechanisms but moral scoreboards, and that those who “win” are therefore entitled to rule.
Calling them “Masters of the Universe” is both satire and anthropology. It captures the adolescent grandiosity of traders who talk like emperors while moving other people’s money, and it captures the broader cultural surrender to their glamour. Wolfe’s intent isn’t to marvel at their power; it’s to show how a democratic society can be talked into admiring its own subordination, so long as the conquerors wear good suits and speak in numbers.
Quote Details
| Topic | Wealth |
|---|---|
| Source | The Bonfire of the Vanities — Tom Wolfe (1987). Famous opening passage describing Wall Street 'Masters of the Universe.' |
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