The Magic Shoebox
Against the Rules with Michael Lewis
Pushkin Industries
4.4 • 9.9K Ratings
🗓️ 14 May 2019
⏱️ 56 minutes
🧾️ Download transcript
Summary
Where is a millisecond worth a million dollars? The New York Stock Exchange.
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Transcript
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| 0:00.0 | Pushkin. |
| 0:07.0 | The Global News Podcast from the BBC World Services. |
| 0:12.0 | What's been happening? Who's involved? Why it matters. What might happen next? |
| 0:17.0 | I think what the Global News Podcast does really well is pick stories about places that surprise people. |
| 0:24.0 | They try to overturn expectations. |
| 0:26.0 | New stories that perhaps you won't have heard anywhere else and the things to look out for in the future. |
| 0:31.0 | The Global News Podcast helps you catch up with our restless world in your own time. |
| 0:36.0 | Search for it wherever you get your BBC podcasts. |
| 0:40.0 | Start and wake you up to do this. No, it's fine. |
| 0:42.0 | Alright, so what do you think the stock market is? |
| 0:45.0 | That's my son Walker. He's 11. Roughly the same age that I was when my father sat me down for the talk. |
| 0:54.0 | My father never did actually explain how sex worked. I think he thought a person just naturally figured that out. |
| 0:59.0 | Money was different. Money was something that needed explaining. |
| 1:04.0 | I think the stock market is, from the way I look at it, at school when I board, I can just open up the stock market app. |
| 1:17.0 | It tells me how much of business is growing and making money. |
| 1:21.0 | Another thing you can do with the stock market is you can invest money in it. |
| 1:27.0 | So if the stock market grows, then your money will grow with it. |
| 1:32.0 | Very true. Both excellent. But how do you open up the stock market app at school if you don't have a phone? |
| 1:37.0 | It's an iPad. It's an only iPad per hour they give us. |
| 1:41.0 | At school? |
| 1:42.0 | Yeah, there's this little thing on the iPad that says stocks and I pressed on it. |
| 1:47.0 | And then I just typed them right in. I just typed fart on it and fart talks came up. |
... |
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