“How Did You Go Bankrupt?” “Two Ways. Gradually and Then Suddenly.”

Creator: Ernest Hemingway, U.S. author, winner of Nobel Prize in Literature

Context: The character Mike Campbell in the 1926 novel “The Sun Also Rises” was asked about his money troubles and responded with a vivid description embracing self-contradiction: 1

“How did you go bankrupt?” Bill asked.

“Two ways,” Mike said. “Gradually and then suddenly.”

“What brought it on?”

“Friends,” said Mike. “I had a lot of friends. False friends. Then I had creditors, too. Probably had more creditors than anybody in England.”

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Acknowledgement: Thanks to David Orlo who asked about this quotation.

Notes:

  1. 1954 (1926 Copyright), The Sun Also Rises by Ernest Hemingway, Book II, Chapter 13, Quote Page 136, Charles Scribner’s Sons, New York. (Verified with scans)