Michael Lewis on Why It’s Hard to Find Real Experts

Revisionist History

Pushkin Industries

Society & Culture, History

4.8 • 61.5K Ratings

🗓️ 5 April 2022

⏱️ 19 minutes

🔗️ Recording | iTunes | RSS

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Summary

Malcolm invites best-selling author Michael Lewis back to talk about the third season of his Pushkin show, Against the Rules. On his podcast, Lewis explores what’s happened to fairness in American life through the lens of people who depend on public trust. In past seasons, he interviewed referees and coaches. Now, he's looking at what’s happened to experts, from weather forecasters to medical billers to expert witnesses. Why is a society that's so good at creating knowledgeable people so bad at trusting them? Hear a sneak preview of the new season.

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Transcript

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0:00.0	Pushkin.
0:07.0	Hello, hello, Malcolm Gladwell here.
0:12.0	We're working away on Season 7 of revisionist history coming to you in June.
0:17.3	But for now, I wanted to talk to my friend and fellow Pushkinite, or is it Pushkinier?
0:23.2	Michael Lewis, about the new season of Against the Rules, which drops April 5th.
0:29.0	On Against the Rules, Michael takes a hard look at what's happening to fairness in American
0:33.0	life.
0:34.0	In previous seasons, he's explored referees and coaches.
0:37.8	And in this season, he's taking on experts.
0:42.8	Michael, we are on the edge of our seat, waiting for the launch of Against the Rules.
0:49.5	Why experts?
0:50.5	Where does this idea come from?
0:52.8	Well, the premise of the show is we're taking some authority figure who's rolling
0:59.0	this problematic or volatile and kind of exploring what's happened to them.
1:03.8	And experts have been interesting to me for a long time.
1:06.0	I think they're kind of two sources of my interest in the subject.
1:09.2	One is at the very start of my career, when I land on Wall Street not knowing anything
1:14.1	and I start giving financial advice to people when I don't know what I'm talking about,
1:17.4	and they take it and I get paid huge sums of money for this expert advice.
1:22.4	I become aware that people don't really know who the expert is, that it's really easy
1:27.8	to pretend to an expert he's without having it, especially in the financial markets.
1:32.1	But I think it was a general bewilderment that expertise got so misvalued or misunderstood.
	...

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