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Michael Lewis on Stock Market Overconfidence and Revisiting Moneyball

Mar 12, 2023

Michael Lewis, best-selling author of classics like "Moneyball" and "The Big Short," joins to delve into fascinating topics. He discusses the unintended consequences of Moneyball and the surprising ways single men struggle in the stock market. Lewis also shares insights into Iceland's innovative responses during the Great Recession. He explores the confidence paradox in expertise, highlighting how true experts often admit what they don’t know, shedding light on the misconceptions surrounding perceived knowledge in finance and beyond.

24:59

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Episode guests

Michael Lewis

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Episode notes

Intro

2min

The Confidence Paradox in Expertise

14min

Uncovering Hidden Expertise in Organizational Structures

4min

Uncovering Hidden Expertise in Health Care

2min

Breaking Down Barriers to Communication in Organizations

2min

One sign of a true expert is they often say “I don’t know”.

Best-selling author Michael Lewis wrote classics like The Big Short, Liar's Poker, and Moneyball. He also hosts the podcast Against The Rules. Chris Hill talked with Lewis last year for an episode we published on May 20, 2022. Due to time constraints we had to leave some parts of the conversation out of that episode, so we're bringing them to you now! Hill and Lewis discuss: - Unintended consequences of Moneyball - Why single men fare worse in the stock market - How Iceland responded to the Great Recession - How to spot true experts

"Boys Will Be Boys" paper: https://faculty.haas.berkeley.edu/odean/papers/gender/BoysWillBeBoys.pdf

Host: Chris Hill Guest: Michael Lewis Producer: Ricky Mulvey Engineer: Dan Boyd

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