Morning Brew Daily
Author Michael Lewis on 10 Years of “The Big Short," AI Bubble, and Sports Gambling
They made a killing on the collapse of the society.
Morning Brew Daily
Author Michael Lewis on 10 Years of “The Big Short," AI Bubble, and Sports Gambling
How do you feel about that?
Morning Brew Daily
Author Michael Lewis on 10 Years of “The Big Short," AI Bubble, and Sports Gambling
And if I'm throwing around a lot of outrage, you're not leaving the reader the room to jump one way or the other.
Morning Brew Daily
Author Michael Lewis on 10 Years of “The Big Short," AI Bubble, and Sports Gambling
You don't know how to feel about it.
Morning Brew Daily
Author Michael Lewis on 10 Years of “The Big Short," AI Bubble, and Sports Gambling
And what complicates it even further is all of the characters as they get into the big short, as they get into this, oh my God.
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Author Michael Lewis on 10 Years of “The Big Short," AI Bubble, and Sports Gambling
First, I think I'm making a kind of interesting trade against Wall Street.
Morning Brew Daily
Author Michael Lewis on 10 Years of “The Big Short," AI Bubble, and Sports Gambling
This looks like a good bet.
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Author Michael Lewis on 10 Years of “The Big Short," AI Bubble, and Sports Gambling
They're giving me 25 to one odds that nothing bad's gonna happen here.
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Author Michael Lewis on 10 Years of “The Big Short," AI Bubble, and Sports Gambling
And they dig in, they realize this is not just a good bet, it's a great bet.
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Author Michael Lewis on 10 Years of “The Big Short," AI Bubble, and Sports Gambling
Wait, wait, this is almost a sure thing.
Morning Brew Daily
Author Michael Lewis on 10 Years of “The Big Short," AI Bubble, and Sports Gambling
I'm getting 25 to one odds for it's gonna happen.
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Author Michael Lewis on 10 Years of “The Big Short," AI Bubble, and Sports Gambling
And that starts to feel criminal.
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Author Michael Lewis on 10 Years of “The Big Short," AI Bubble, and Sports Gambling
Like there's some sort of criminal, and they start to realize that all the people on the other side of the bet, the people whose institutions are gonna lose money and those losses are gonna be possibly foisted upon the taxpayer, the individuals have all made a fortune generating these crappy loans, and it starts to look really sinister.
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Author Michael Lewis on 10 Years of “The Big Short," AI Bubble, and Sports Gambling
And all the people on the right side of the bet went to various, it was either law enforcement or media.
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Author Michael Lewis on 10 Years of “The Big Short," AI Bubble, and Sports Gambling
They tried to, or they went to Washington Post,
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Author Michael Lewis on 10 Years of “The Big Short," AI Bubble, and Sports Gambling
They went to the FBI.
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Author Michael Lewis on 10 Years of “The Big Short," AI Bubble, and Sports Gambling
They went to the Wall Street Journal and tried to, like, look at this.
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Author Michael Lewis on 10 Years of “The Big Short," AI Bubble, and Sports Gambling
Like, this is a problem.
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Author Michael Lewis on 10 Years of “The Big Short," AI Bubble, and Sports Gambling
And all of them thought, in fact, when I was approaching them to write about them, their trepidation was, if my name is in your book, I might get lynched because this society might be going down.
Morning Brew Daily
Author Michael Lewis on 10 Years of “The Big Short," AI Bubble, and Sports Gambling
And the fact that the government came in and calmed it all down and it wasn't a depression, it was a recession,