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Michael Lewis

๐Ÿ‘ค Speaker
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9848 total appearances
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Appearances Over Time

Podcast Appearances

The Daily Show: Ears Edition
TDS Time Machine | Conversations with Authors - Pt. 2

So this is allowed.

The Daily Show: Ears Edition
TDS Time Machine | Conversations with Authors - Pt. 2

No, I think this is more generally a problem, is people will do things with computers that they would never do as people.

The Daily Show: Ears Edition
TDS Time Machine | Conversations with Authors - Pt. 2

Why are you looking at me?

The Daily Show: Ears Edition
TDS Time Machine | Conversations with Authors - Pt. 2

Why are you looking at me when you say that?

The Daily Show: Ears Edition
TDS Time Machine | Conversations with Authors - Pt. 2

It's such a strange story because it really is about

The Daily Show: Ears Edition
TDS Time Machine | Conversations with Authors - Pt. 2

a group of people who are actually on Wall Street who figure out kind of around 2008 that the stock market is all of a sudden something funny is happening.

The Daily Show: Ears Edition
TDS Time Machine | Conversations with Authors - Pt. 2

And it's not just the financial crisis.

The Daily Show: Ears Edition
TDS Time Machine | Conversations with Authors - Pt. 2

It's all of a sudden they look at their screens and the stock market says it's, you know, you can buy 50,000 shares of Microsoft at $20 a share.

The Daily Show: Ears Edition
TDS Time Machine | Conversations with Authors - Pt. 2

They go to buy it and it goes away.

The Daily Show: Ears Edition
TDS Time Machine | Conversations with Authors - Pt. 2

It goes away and the stock price goes up.

The Daily Show: Ears Edition
TDS Time Machine | Conversations with Authors - Pt. 2

And it's as if the market knows what they're going to do before they do it.

The Daily Show: Ears Edition
TDS Time Machine | Conversations with Authors - Pt. 2

So it's one character.

The Daily Show: Ears Edition
TDS Time Machine | Conversations with Authors - Pt. 2

It's a Canadian, a guy named Brad Katsuyama, who runs the stock market department at the Royal Bank of Canada.

The Daily Show: Ears Edition
TDS Time Machine | Conversations with Authors - Pt. 2

Because he's Canadian, he has a sense of decency.

The Daily Show: Ears Edition
TDS Time Machine | Conversations with Authors - Pt. 2

And...

The Daily Show: Ears Edition
TDS Time Machine | Conversations with Authors - Pt. 2

And he's not like some radical.

The Daily Show: Ears Edition
TDS Time Machine | Conversations with Authors - Pt. 2

I mean, he's a Wall Street guy.

The Daily Show: Ears Edition
TDS Time Machine | Conversations with Authors - Pt. 2

He's not even really that much of a Wall Street guy.

The Daily Show: Ears Edition
TDS Time Machine | Conversations with Authors - Pt. 2

He's kind of a Canadian guy.

The Daily Show: Ears Edition
TDS Time Machine | Conversations with Authors - Pt. 2

I mean, it's odd that he's in this situation because he's conformist even by Canadian standards.