Andrew Ross Sorkin (on stock market crashes)

Armchair Expert with Dax Shepard

Armchair Umbrella

Tv & Film, Music, Comedy

4.6 • 68.3K Ratings

🗓️ 19 November 2025

⏱️ 111 minutes

🔗️ Recording | iTunes | RSS

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Summary

Andrew Ross Sorkin (1929: The Inside Story of the Greatest Crash in Wall Street History) is a financial columnist, TV anchor, and author. Andrew joins the Armchair Expert to discuss a kid telling him when he was young that god drew him wrong, actually working with Aaron Sorkin (no relation) on his show The Newsroom, and landing an unofficial internship at The New York Times as a senior in high school. Andrew and Dax talk about why his motto as a finance journalist was ‘chasing interesting,’ understanding not trusting the stock trading system because it doesn’t deserve to be trusted, and his tips for getting ChatGPT to tell the truth with verifiable facts. Andrew explains writing an exposé on going into debt to buy stocks, shocking and unexpected stories of fallout from the stock market crash of 1929, and parallels he sees in current financial trends accompanied by an argument for transparency.

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Transcript

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0:00.0	Wonderie Plus subscribers can listen to Armchair Expert early and ad free right now.
0:06.5	Join Wonderly Plus in the Wondry app or on Apple Podcasts.
0:10.0	Or you can listen for free wherever you get your podcasts.
0:13.8	Welcome, welcome, welcome to Armchair Expert, Experts on Expert.
0:17.3	I'm Buck Rogers and I'm joined by Gene Lightyear.
0:19.5	Hi.
0:20.4	I am a fan of our guest. Me too. Me too. I'm Buck Rogers and I'm joined by Gene Lightyear. Hi. I am a fan of our guest. I'm just a legit fan. Andrew Ross Sorkin. I met him at a conference
0:28.0	one time and we had a couple lunches together and I just I just really adore him. And he's
0:33.6	prolific as a motherfucker. Yes. This kid was working at the New York Times in high school. I know. I find this to be so. It's such a sweet story. It is. He's such a funder kid and a cutie pie. Andrew is an award-winning journalist for the New York Times and a co-anchor of Squawk Box, CNBC's signature morning program. And, of course, he wrote the ever popular Too Big to Fail.
0:55.8	Loved it. Oh, what a, what a book, what a show they made out of it. He's also the co-creator of
1:02.2	billions. Whoa. I don't think I brought that up in the interview. Do you know that? No. He's got his
1:07.3	little fingers and everything. Yeah. He has a new book that is out right now called 1929 Inside the Greatest Crash in Wall Street History and how it shattered a nation.
1:19.2	This is, as he says, and I think we all agree, we all know about the great collapse and stock market crash, but we don't actually, we don't know
1:28.3	anything. We just know what happened on that day. Yeah. And there's a lot of juicy stuff surrounding it. Yes. And it's a, it's a thick book. He really gets into it. Before we get into the episode, we have merch. Oh, I'm wearing a merch right now. Yes, you're wearing a really cute merch shirt. Yeah, it's two cherries holding. I think they're holding hands. Yeah, I think
1:46.2	they're holding hands really cute merch shirt. Yeah, it's two cherries holding.
1:44.6	I think they're holding hands.
1:45.5	Yeah, I think they're holding hands and they're happy.
1:49.0	They might be in a parade, like a cherry parade.
1:51.6	Yeah, it's really cute.
1:53.0	We got some really, really good merch coming your way on November 14th.
1:58.1	November 14th.
2:00.2	Incredible quality. Can't get over the quality. No, the quality's outrageous. And the fit is nice. I'm just realizing for the first time. This very sim. You know who has a cherry festival, Traverse City, Michigan. Wow. Why aren't we invited to that? I was just thinking where would there be a cherry parade?
	...

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