Disruptors

Michael Lewis | The Biggest Financial Crash is Coming | Author of The Big Short Reveals Why

Mar 21, 2025

Michael Lewis, renowned author of The Big Short and Moneyball, shares his perspectives on looming financial disaster. He argues that the next market crash could stem from a profound distrust in the U.S. government. Lewis critiques cryptocurrencies and shares why he believes they're risky investments. He discusses figures like Elon Musk, deeming him 'power drunk', and explores the implications of political leadership on public trust. This engaging conversation dives into the complexities of economic stability and the psychological factors at play in financial markets.

01:02:28

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Episode guests

Michael Lewis

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Quick takeaways

The potential for the next financial crash is heightened by a declining trust in the U.S. government, which could lead to unprecedented economic instability.

Financial markets are described as rigged, with high-frequency trading firms exploiting their advantageous positions at the expense of average investors.

Investment strategies must evolve to prioritize risk management over speculation, focusing on safer assets like gold in preparation for economic downturns.

Deep dives

Potential for a Major Financial Crash

There is a growing concern that the next financial crash could be unprecedented in scale and severity, primarily sparked by a loss of trust in government rather than in financial institutions. Past crises were largely mitigated by government intervention, but if the government itself becomes the source of instability, it raises questions about how to restore confidence. Predictions about financial crashes often circulate, but the speaker suggests caution in taking such predictions at face value, as real indicators are often psychological in nature. Recognizing the signs of trust erosion is crucial, as it could herald a significant downturn.

Intro

4min

Erosion of Trust in Government and Markets

9min

Navigating Financial Uncertainties

22min

A Deep Dive into Social Media Influence and Free Speech

2min

Investing in Gold as a Hedge Against Financial Risks

1min

The Dynamics of Central Bank Independence

7min

AI vs Human Traders: The Financial Mindset

17min

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Is the biggest financial crash about to happen? Rob interviews acclaimed author Michael Lewis to discuss why right now we could be waiting for the biggest crash in history. They discuss financial markets, government trust and economic instability. Lewis also shares his thoughts on potential market crashes, cryptocurrency as well as the controversial figures shaping today's economy including Elon Musk and Sam Bankman-Fried.

Michael Lewis REVEALS:

Why a potential future market crash could be catastrophic if triggered by a lack of faith in the US government
That financial markets are rigged
Why you should ignore and stay away from crypto
His thoughts on why Elon Musk is power drunk and ignorant
The real reason neither U.S presidential candidate addressed the debt crisis
The underlying trait of all successful people
What he thinks of former FTX CEO Sam Bankman-Fried

BEST MOMENTS

"If it's a government started crisis... like a collapse in faith in the U.S. government, in the U.S. government debt then it's much bigger than the financial crisis because there's nothing to put it out."

"We have a president here whose M.O. is to destroy trust. He's really good at it, he finds places where people trust people or institutions that are trusted, and he wrecks them."

"The markets work, it's constant game theory, once something's identified, it's no longer useful and it's a game where the rules change every day."

"Is Elon Musk a net benefit to humanity or a megalomaniac?"

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ABOUT THE HOST

Rob Moore is an author of 9 business books, 5 UK bestsellers, holds 3 world records for public speaking, entrepreneur, property investor, and property educator. Author of the global bestseller “Life Leverage” Host of UK’s No.1 business podcast “The Disruptive Entrepreneur”

“If you don't risk anything, you risk everything”

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