64: Michael Lewis: Bestselling Author of 'The Big Short', 'Liar's Poker' and 'Moneyball'

Money Maze Podcast

Business, Investing, Management, News, Business News

4.8 • 216 Ratings

🗓️ 5 May 2022

⏱️ 58 minutes

🔗️ Recording | iTunes | RSS

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Summary

Today we have a different conversation. Michael Lewis and Simon Brewer go back to graduating from the LSE in 1985, when they were both seeking a place on the fabled Salomon Brothers training programme. Michael’s success in securing that job allowed the world to have the enduring classic, ‘Liar’s Poker’, and from there to write 16 best sellers (three of which have been made into major Hollywood films).

His new book, ‘Premonition: A Pandemic Story’, tells the enthralling tale of the US pandemic preparations that started under President Bush, but which failed when COVID-19 struck, thanks to a mixture of institutional and political failings.

Michael brings the cumulative missteps to life by narrating the story of the real people involved, their extraordinary decisions, and what went wrong.

He continues this fascinating conversation by discussing two of his other books, ‘The Undoing Project’, and ‘Moneyball’, and explains how decision making is driven by varying degrees of data and/or human interactions - from sport to finance – resulting in unpredictable consequences.

The Money Maze Podcast is sponsored by Schroders, LiveTrade and Bremont Watches.

Schroders is a global investment and wealth manager, with a purpose to provide excellent investment performance to clients, through active investment management.

Bremont is an award-winning British company that produces beautifully engineered chronometers, designed to appeal to those who share the appreciation of a beautiful mechanical wristwatch.

LiveTrade has changed the way fine wine is bought and sold worldwide. You can instantly buy and sell - or place bids and offers on - key wines from Bordeaux, Champagne, Italy and other world regions.

Transcript

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0:00.0	Welcome to the Money Maze podcast. I'm Simon Brewer and Will Campion and I have created
0:13.9	this show to explore and unravel some of the mysteries surrounding the investment business.
0:19.2	We hope through direct and insightful interviews with
0:22.2	masters of the real-life money maze, we're going to learn about different approaches to allocating
0:27.1	capital, making investment and business decisions, and navigating the pitfalls that lie in the paths to
0:33.4	prosperity. Whether you're a current or aspiring investor, entrepreneur, professional or student
0:39.6	exploring career options, we hope you gain some helpful insights and enjoy the shows.
0:45.1	You can keep up to date by visiting Moneymayspodcast.com and please sign up to our newsletter
0:50.3	to ensure you won't miss a release. If you enjoy this show, please subscribe and we'd love
0:55.4	you to tell a friend or colleague about it. Thank you for listening. We're delighted to have
1:02.5	Schroeder's as a sponsor and corporate partner. Shroder's is a global investment and wealth manager
1:08.1	with a purpose to provide excellent performance to clients through
1:11.7	active investment management. By serving institutions and individuals worldwide, Schroeder
1:18.0	serves wider society. Channeling capital into sustainable and durable businesses accelerates
1:24.2	positive change in the world. Funding the future is a privilege. Schroeder use it
1:29.6	wisely and responsibly. As we know, capital is at risk with investing.
1:35.6	Vermont is also a sponsor of the Money Maze podcast. Bramont is an award-winning British company
1:41.3	that produces beautifully engineered chronometers designed to appeal
1:45.8	to those who share the passion and appreciation of the innovation and mastery behind a beautiful
1:51.0	mechanical wristwatch. brought to you by the luxury British watchmaker, Vermont.
1:58.9	Today we're going to have a different conversation. I want to take you back to the spring of
2:03.9	1985. There were two young men, each in all honesty probably as clueless about finance as the other.
	...

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