Michael Lewis (on the gambling epidemic)

Episode overview

Michael Lewis (Who is Government: The Untold Story of Public Service, Against the Rules, The Big Short) is a best-selling author, 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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Short transcript highlights

These brief excerpts are navigation aids selected from different points in the transcript.

1. 0:00Welcome, welcome, welcome to Armchair Expert Experts on Expert. Oh, wow. That was kind of cheerleading move you did.
2. 1:06:42understand right out of the gates that a fan is is doing some irrational thinking. So most people who who bet are
3. 2:17:02water this episode. unairable. Cut it. Dump it. Dump it. All