Michael Lewis (on the gambling epidemic)
Armchair Expert with Dax Shepard
Armchair Umbrella
4.6 • 68.3K Ratings
🗓️ 7 May 2025
⏱️ 123 minutes
🧾️ Download transcript
Summary
Michael Lewis (Who is Government: The Untold Story of Public Service, Against the Rules, The Big Short) is a best-selling writer, journalist, and podcast host. Michael joins the Armchair Expert to discuss his dad’s advice to not waste his education to figure out what he wanted to do for a living, incredible insider art stories from being the stock boy of the Wildensteins’ private collection, and learning that the world is a conspiracy of people who understand economics. Michael and Dax talk about diving headfirst into the bleeding edge of Wall Street in the 80s, getting in trouble (but not fired) for writing an article in the Wall Street Journal claiming that everyone in his firm was overpaid, and how Chevy Chase’s dad convinced him to write his first book. Michael explains being wired to live the life you want versus one the world wants you to, hating the feeling of not telling the reader everything that’s important regardless of the consequences, and taking on the predatory sports gambling epidemic with his podcast Against the Rules.
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Transcript
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| 0:00.0 | Wonderie Plus subscribers can listen to Armchair Expert early and add 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. |
| 0:14.0 | Welcome, welcome, welcome to armchair expert, experts on expert. |
| 0:17.6 | Oh wow, that was the kind of cheerleading move you did. |
| 0:19.5 | Thank you. |
| 0:20.1 | I'm Randy Shep shepherd and i'm joined by |
| 0:22.4 | lily pad me oh it's an honor to announce our guests today oh one of our radical thinkers yes |
| 0:33.6 | michael lewis michael is a a bestselling author and podcaster. |
| 0:38.3 | His books, The Fifth Risk, Flash Boys, The Big Short, Reddit, loved it, Moneyball, the Blindside. |
| 0:46.0 | He has a awesome podcast out currently. |
| 0:49.4 | You could listen immediately called Against the Rules. |
| 0:52.5 | And this season is all about this pretty troubling, gambling epidemic among young men. |
| 0:59.5 | Yeah. |
| 1:00.2 | And we talk at great length about that in addition to, you know, all of his other great work. |
| 1:04.6 | I mean, this person wrote Moneyball and The Big Short, two of my favorite movies of all time. |
| 1:10.8 | Yeah. |
| 1:11.4 | And we've left one out, which is this great Wall Street book that started it all. |
| 1:17.8 | A liar's poker. |
| 1:19.5 | Yeah. |
| 1:20.0 | Good job. |
| 1:21.1 | I'm editing it. |
... |
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