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Armchair Expert with Dax Shepard

Michael Lewis (on the gambling epidemic)

07 May 2025

Description

Michael Lewis (Who is Government: The Untold Story of Public Service, Against the Rules, The Big Short) is a best-selling writer, 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.Follow Armchair Expert on the Wondery App or wherever you get your podcasts. Watch new content on YouTube or listen to Armchair Expert early and ad-free by joining Wondery+ in the Wondery App, Apple Podcasts, or Spotify. Start your free trial by visiting wondery.com/links/armchair-expert-with-dax-shepard/ now.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Audio
Transcription

Full Episode

0.31 - 17.46 Unknown Speaker

Wondery Plus subscribers can listen to Armchair Expert early and ad-free right now. Join Wondery Plus in the Wondery app or on Apple Podcasts. Or you can listen for free wherever you get your podcasts. Welcome, welcome, welcome to Armchair Expert. Expert's on. Expert.

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17.68 - 19.481 Dax Shepard

Oh, wow. That was kind of a cheerleading move you did.

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19.601 - 23.363 Unknown Speaker

Thank you. I'm Randy Shepard and I'm joined by Lily Padme.

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23.384 - 24.064 Dax Shepard

Oh, okay.

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25.862 - 32.943 Unknown Speaker

It's an honor to announce our guest today, one of our radical favorites. Thinkers.

33.303 - 33.643 Dax Shepard

Yes.

33.963 - 59.271 Unknown Speaker

Michael Lewis. Michael is a bestselling author and podcaster. His books, The Fifth Risk, Flash Boys, The Big Short, read it, loved it. Moneyball, The Blind Side. He has a awesome podcast out currently. You could listen immediately called Against the Rules. And this season is all about this pretty troubling gambling epidemic among young men.

60.601 - 64.644 Unknown Speaker

And we talk at great length about that in addition to, you know, all of his other great work.

64.684 - 70.687 Dax Shepard

I mean, this person wrote Moneyball and The Big Short, two of my favorite movies of all time.

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