Against the Rules with Michael Lewis

If you spend any time reporting on the world of crypto currency and Bitcoin, then you’re going to run across the name Molly White. She’s a software engineer who has been called "the cryptocurrency world's biggest critic." Michael Lewis gets her on the line for a lively conversation about why she spotted hucksterism and fraud early on in crypto's rise. Questions for Michael? Submit them by visiting atrpodcast.com. See omnystudio.com/listener for privacy information.

Often when a corporation declares bankruptcy, that happens at the end of a long and difficult road. But entering bankruptcy proceedings also means setting out on a new and equally difficult road. That’s where Michael Lewis finds the subject of his next book, Sam Bankman-Fried. The company Bankman-Fried founded, FTX, entered bankruptcy late last year. For some perspective on what could be one of the messiest bankruptcy cases of recent times, Michael turns to David Skeel. Skeel is a professor of corporate law at the University of Pennsylvania and one of the foremost historians of bankruptcy in the US. Send a question to Michael Lewis, and he might answer it on an upcoming episode of Against the Rules. Head to atrpodcast.com. See omnystudio.com/listener for privacy information.

Why do people commit white-collar crimes? And how has the way we think about — and prosecute — white-collar criminals changed over time? As part of the background research for his next book, which is about Sam Bankman-Fried and FTX, Michael Lewis wants the historical view of financial fraudsters, embezzlers and Ponzi schemers. So he speaks with Eugene Soltes, professor at the Harvard Business School and author of Why They Do It: Inside the Mind of the White-Collar Criminal. If you have a question for Michael Lewis about his writing process, head to atrpodcast.com. See omnystudio.com/listener for privacy information.

For his next book, Michael Lewis wants to find out how investigators manage to trace the murky trail of illicit crypto. Cryptocurrency started with the dream of cash changing hands without a trace. But that dream has turned into a nightmare for many would-be criminals. A new field has emerged of data geeks and law-enforcement experts trying to find out who’s behind transactions on the blockchain. Michael calls up Andy Greenberg, senior cybersecurity writer for WIRED and author of “Tracers in the Dark: The Global Hunt for the Crime Lords of Cryptocurrency” to find out how investigators crack the code of crypto. Questions for Michael? Submit them by visiting atrpodcast.com. See omnystudio.com/listener for privacy information.

Michael Lewis's next book is all about Sam Bankman-Fried, founder of the crypto-currency exchange FTX, who now faces federal charges. As with all of his books, Lewis is talking with experts to get background context on the world his characters inhabit. For the first time, these interviews will be recorded, on the record. In this special monthly series from Against the Rules, we'll hear Lewis in conversation with experts such as a tech wizard who traces secrets on the blockchain; a scholar of white-collar crime and punishment; a regulator who knows what crypto firms are – and aren’t – allowed to do with other people’s billions; and an insider who can follow the influence of crypto on campaign finance. “On Background” from Michael Lewis and Against the Rules drops monthly, starting February 14th, 2023. See omnystudio.com/listener for privacy information.

The United States had a pandemic plan. But when a pandemic came, we hesitated to follow it. The country was hobbled by argument and doubt. Much of that doubt came from experts who proposed that Covid might not be as lethal as scientists feared. Michael Lewis returns to the subject of his latest book, The Premonition, to understand why it's so hard to trust the truest signs of expertise: a willingness to follow the evidence. If you’d like to keep up with the most recent news from this and other Pushkin podcasts be sure to sign up for our email list at Pushkin.fm. See omnystudio.com/listener for privacy information.

In which several people, including Rebecca Solnit, Katty Kay, and Maria Konnikova, help Michael understand the not-so-secret power of men to offer themselves up as experts, when they clearly are not. If you’d like to keep up with the most recent news from this and other Pushkin podcasts be sure to sign up for our email list at Pushkin.fm. See omnystudio.com/listener for privacy information.

There’s one kind of expert whose role is enshrined in law: that of the expert witness, who’s called on to bolster one side of a case. But courtrooms are not great places for nuance. Overconfident expert testimony has been linked to countless wrongful convictions, especially in gang-related cases. Michael speaks with a new kind of expert witness: former gang members who struggle to counteract the testimony of police. If you’d like to keep up with the most recent news from this and other Pushkin podcasts be sure to sign up for our email list at Pushkin.fm. See omnystudio.com/listener for privacy information.

Experts know more now than ever before. And we’re more critical of them than ever before, too. But one kind of expert really gets us riled up: the type who deals in probabilities. We hear from meteorologists, political forecasters, and even nurses about why calculating the odds is so hard, and why we all suffer the deadly consequences as a result. If you’d like to keep up with the most recent news from this and other Pushkin podcasts be sure to sign up for our email list at Pushkin.fm. Learn more about your ad-choices at https://www.iheartpodcastnetwork.comSee omnystudio.com/listener for privacy information.

The right kind of expert, at the right time, can change everything. While working as a security guard at a pork-and-beans cannery in Kansas, Bill James started writing about baseball. But writing about it through the poetry of statistical analysis. It took a long time, but James's way of looking at the game changed more than just baseball. If you’d like to keep up with the most recent news from this and other Pushkin podcasts be sure to sign up for our email list at Pushkin.fm. Learn more about your ad-choices at https://www.iheartpodcastnetwork.comSee omnystudio.com/listener for privacy information.

Athenahealth was just another healthcare provider facing the biggest problem US doctors face: not treating patients, but getting insurance companies to pay their bills. But then the company figured out how to fix the problem, by recognizing an overlooked expert toiling in the hospital basement. If you’d like to keep up with the most recent news from this and other Pushkin podcasts be sure be sure to sign up for our email list at Pushkin.fm. Learn more about your ad-choices at https://www.iheartpodcastnetwork.comSee omnystudio.com/listener for privacy information.

Why can’t we see the experts right in front of us, even when they're saving our lives? Maybe it's because the specialized knowledge of many experts defies good storytelling. We hear from a nonprofit trying to elevate the esoteric work of government experts, and we hear from one of their nominees. His work has changed the survival prospects for many lost at sea, but even those survivors have never heard his name. If you’d like to keep up with the most recent news from this and other Pushkin podcasts be sure to sign up for our email list at Pushkin.fm. Learn more about your ad-choices at https://www.iheartpodcastnetwork.comSee omnystudio.com/listener for privacy information.

In “Against the Rules,” journalist and bestselling author Michael Lewis takes a searing look at what’s happened to fairness—in financial markets, newsrooms, basketball games, courts of law, and much more. In Season 3, Michael tackles America’s expert problem. Why is it so hard to figure out who the real experts are? And why, once we’ve found them, are they so rarely the people calling the shots? If you’d like to keep up with the most recent news from this and other Pushkin podcasts be sure to sign up for our email list at Pushkin.fm. Learn more about your ad-choices at https://www.iheartpodcastnetwork.comSee omnystudio.com/listener for privacy information.

After the surprise success of Liar’s Poker, publishers urged Michael Lewis to try his hand at fiction. It was a bad idea. But even award-winning fiction authors have struggled with failure. Michael speaks with Booker Prize-winning author George Saunders about the urge to imitate other writers, and what we all can learn from bad first drafts. We also hear why Saunders was identified early as a gifted student, while Michael Lewis was – emphatically – not. You can order the new Liar’s Poker audiobook at Pushkin.fm/LiarsPoker. Learn more about your ad-choices at https://www.iheartpodcastnetwork.comSee omnystudio.com/listener for privacy information.

Michael Lewis did not rest long on his laurels after publishing Liar’s Poker. In the 1990s, he hit the presidential campaign trail, writing a series of magazine pieces. Some of his dispatches got adapted for audio by a then-new public radio show called “This American Life.” Michael speaks with the show’s creator, Ira Glass, about how they both found their voices as storytellers. Trigger warning: this episode contains vintage NPR sounds. You can order the new Liar’s Poker audiobook at Pushkin.fm/LiarsPoker. Learn more about your ad-choices at https://www.iheartpodcastnetwork.comSee omnystudio.com/listener for privacy information.

Liar’s Poker is set on a Wall Street where women were the last hired and first fired — and that was probably the least of their worries. Is Wall Street today any better for women? Michael speaks with Anne Clarke Wolff, who was in the training class at Salomon Brothers a few years after him. She is starting an investment bank that will be majority owned and managed by women and minorities. The firm’s nickname? “Salomon Sisters.” You can order the new Liar’s Poker audiobook at Pushkin.fm/LiarsPoker. Learn more about your ad-choices at https://www.iheartpodcastnetwork.comSee omnystudio.com/listener for privacy information.

Liar’s Poker describes many of the mentors Michael Lewis had at the investment bank Salomon Brothers. He chose to keep some of their identities secret, out of a well-founded fear that the book might cost them their cushy Wall Street jobs. Now for the first time, we get to hear their side of the story and learn their names. You can order the new Liar’s Poker audiobook at Pushkin.fm/LiarsPoker. Learn more about your ad-choices at https://www.iheartpodcastnetwork.comSee omnystudio.com/listener for privacy information.

For the first time in more than 30 years, Michael Lewis has re-read Liar’s Poker. That experience brought up a lot of questions — especially, why is a book set in the pre-Internet Wall Street of the 1980s still relevant today? So Michael turned to Jacob Goldstein, finance reporter and host of the Pushkin show "What’s Your Problem?". They discuss how Liar’s Poker foreshadowed the ups and downs of the world we live in now. You can listen to Jacob Goldstein’s new show “What’s Your Problem?” here: https://podcasts.apple.com/us/podcast/whats-your-problem/id1602541473 And you can order the new Liar’s Poker audiobook here: https://www.pushkin.fm/audiobook/liars-poker Learn more about your ad-choices at https://www.iheartpodcastnetwork.comSee omnystudio.com/listener for privacy information.

Michael Lewis published his first book, Liar's Poker, in 1989. It’s about his time as a bond salesman on Wall Street — and it was a runaway best seller. Pushkin Industries is re-releasing it for the first time as an unabridged audiobook, read by the author. And to celebrate, Lewis has made a special mini-series about the book. Over the course of five weeks, he'll revisit people he worked with, explore how he found his voice as a writer, and ask why Wall Street firms still assign the book to their interns today. You can order Liar’s Poker audiobook at Pushkin.fm/LiarsPoker. Learn more about your ad-choices at https://www.iheartpodcastnetwork.comSee omnystudio.com/listener for privacy information.

This week, we present a special episode: Michael's interview on Talk Easy with Sam Fragoso. It begins with the release of "The Premonition" (2:40), which reveals how the U.S. mishandled the pandemic (5:05) and why the 2009 H1N1 virus was a precursor to 2020 (10:15). Then, Michael and Sam discuss how he grew up in New Orleans (20:48) and fell in love with writing at Princeton (26:20), before working as a bond salesman on Wall Street (29:29). He also shares his approach to creating honest...