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Against the Rules: The Big Short Companion

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Michael Lewis’s best-selling book The Big Short is now 15 years old. The Oscar-winning movie based on it came out a decade ago. To mark the occasion, Lewis has narrated a new audiobook of The Big Short. Here on his podcast, he and co-host Lidia Jean Kott are thinking about the legacy of the book, the movie, and the financial crisis of 2008. Michael catches up with the director of the movie, Adam M... more

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Artwork for Against the Rules: The Big Short Companion

Latest Episodes

To make sense of Wall Street’s hangover from the crash described in The Big Short, Michael Lewis calls up Matt Levine. Levine is author of the Money Stuff newsletter for Bloomberg Opinion and co-host of a podcast by the same name. He’s also a former ... more

Andrew Ross Sorkin writes the business and policy newsletter DealBook for the New York Times and is co-anchor of Squawk Box on CNBC. He also has a historical bent, and has a new book out about the causes and consequences of the Great Depression in th... more

When Michael Lewis wrote The Big Short, there was an extra character in the story: The Federal Reserve System, the central bank of the US, which bought up bad debt on the balance sheets of big Wall Street banks and trading firms. To better understand... more

The Big Short is centered around the story of investment advisors who noticed something was seriously wrong with the subprime housing market starting in the early 2000s. Why did the traders at FrontPoint Partners and others bet against the herd, at g... more

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Recent Guests

Andrew Ross Sorkin
Financial journalist and author of '1929, Inside the Greatest Crash in Wall Street History, and How It Shattered a Nation'
The New York Times
Episode: Lessons of the Great Depression
Emi Nakamura
Chancellor's Professor of Economics at UC Berkeley
UC Berkeley
Episode: Lender of Last Resort
Porter Collins
Trader at FrontPoint Partners
Episode: The FrontPoint Boys
Vincent Daniel
Trader at FrontPoint Partners
Episode: The FrontPoint Boys
Greg Lippmann
Chief Investment Officer at Libra Max Capital
Libra Max Capital
Episode: The Short Sellers
Steve Eisman
Founder of Frontpoint Partners
Frontpoint Partners
Episode: The Short Sellers
Robert F. Kennedy Jr.
Secretary of Health and Human Services
Episode: Preview: Into the Scatterbrained Minds of Team Revisionist History
Dr. Anne Fischel
Associate Professor at the Harvard Medical School and family therapist.
Harvard Medical School
Episode: The Harms of Eating Alone: An International Day of Happiness Special from The Happiness Lab
Jan-Emmanuel De Neve
Professor of Economics and Behavioral Science at the University of Oxford and Editor of the World Happiness Report.
University of Oxford
Episode: The Harms of Eating Alone: An International Day of Happiness Special from The Happiness Lab

Host

Michael Lewis
Author and journalist known for best-selling books addressing financial and societal issues, including 'The Big Short.'

Reviews

4.4 out of 5 stars from 13k ratings
  • Nobody does it better!

    I’m not quite sure how he does it. Actually, I’ve taken a master class and seen and heard Reid enough interviews with Michael Lewis to know exactly how he does it. His gift is getting to the Zeitgeist when is equipped and the rest of the team, they’re unstoppable!!

    Apple Podcasts
    5
    Bkminvest
    United States9 days ago
  • I have learned lots about human motivations through this podcast

    Podcast Addict
    5
    baconaddict
    9 days ago
  • Amazing podcast

    I admire Michael Lewis for his sense of Justice, and listening to the episode 7, listening to his son, showed me that we need more fathers like him.

    Apple Podcasts
    5
    Xiomi1409
    United States11 days ago
  • The best

    Or at least one of the best - don’t miss this

    Apple Podcasts
    5
    styria8741
    Austriaa month ago
  • China/America Relations

    Love to listen to how Lewis touts about the greatest country in the world… China! Yes, you heard it first Lewis is moving to China! Go prove China wrong about American’s. Can’t be against the rules out there though.

    Apple Podcasts
    4
    and hi the egg hi knf
    United Statesa month ago

Listeners Say

Key themes from listener reviews, highlighting what works and what could be improved about the show.

There are mixed feelings regarding the cadence and content depth; some episodes are described as enlightening while others feel less impactful, reflecting a broad range of interests.
Many express admiration for the high-profile guests and the contemporary relevance of the discussions, highlighting the show's timely approach to revisiting past financial crises.
Listeners appreciate the insightful analysis and storytelling, particularly Michael Lewis's ability to distill complex financial concepts into relatable narratives.

Chart Rankings

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Talking Points

Recent interactions between the hosts and their guests.

The FrontPoint Boys
Q: How do you explain the ignorance of the most important people in the world?
Many were blinded by greed and the possibility of making money, which led them to ignore the reality of the situation.
The FrontPoint Boys
Q: Why didn't everybody do their homework regarding the market?
People got away with good grades without doing their homework; they thought it would work forever until it didn't.
The FrontPoint Boys
Q: If you're just explaining to your kids what the hell the financial crisis was without using financial jargon, how would you explain it?
The housing market crashed due to bad loans made to people who couldn't afford them, resulting in widespread economic failure.
The Short Sellers
Q: How has being the face of The Big Short affected your life since the movie came out?
Eisman mentions that it doesn't affect his day-to-day life much, but sometimes people recognize him on the street as Steve Eisman.
The Short Sellers
Q: How do you put it in the simplest terms: the financial crisis through your eyes?
Lippmann explains that the financial crisis was a result of institutions taking on greater risks for lower returns, which led to the aggressive lending to homeowners who eventually defaulted.

Audience Metrics

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Frequently Asked Questions About This Podcast

What is This Podcast about and what kind of topics does it cover?

This podcast explores the legacy of Michael Lewis's best-selling book and Oscar-winning film, The Big Short, which tells the intricate story of the 2008 financial crisis. Through conversations with prominent figures such as journalists, directors, and economists, it seeks to understand the repercussions of the crisis and how its lessons continue to resonate in today's economic landscape. The engaging narratives blend insights from real-life characters depicted in the film with discussions on macroeconomic themes, making complex financial topics accessible and relevant to listeners interested in society and culture, as well as business dynamics. This series not only revisits a significant historical event but also reflects on its ongoing imp... more

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These podcasts share a similar audience with this podcast:

1. Revisionist History: The Alabama Murders
2. Cautionary Tales with Tim Harford
3. Freakonomics Radio
4. Risky Business with Nate Silver and Maria Konnikova
5. People I (Mostly) Admire

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this podcast launched 7 years ago and published 106 episodes to date. You can find more information about this podcast including rankings, audience demographics and engagement in our podcast database.

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What guests have appeared on this podcast?

Recent guests on this podcast include:

1. Andrew Ross Sorkin
2. Emi Nakamura
3. Porter Collins
4. Vincent Daniel
5. Greg Lippmann
6. Steve Eisman
7. Robert F. Kennedy Jr.
8. Dr. Anne Fischel

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