Motley Fool Money Michael Lewis on Crypto, NFTs, and How to Spot Real Experts
May 20, 2022
Best-selling author Michael Lewis, known for classics like Liar's Poker, joins to discuss his latest insights. He explores the theme of expertise, revealing how to identify true experts within organizations, even those at lower levels. Lewis also shares his candid thoughts on the hype around cryptocurrency and NFTs, critiquing modern finance's trust issues. Additionally, he reflects on his growth as a writer since Liar's Poker, illustrating the journey from imitation to finding his own unique voice.
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Daughter's Inspiration
- Michael Lewis's daughter inspired him to explore expertise due to her interest in climate change.
- She was struck by the disconnect between expert consensus and public understanding.
Fake Expert
- Michael Lewis recounts being treated as a financial expert early in his career despite his self-acknowledged ignorance.
- This experience highlighted the public's difficulty in discerning true expertise.
Spotting True Expertise
- True experts express uncertainty and admit their limits of knowledge.
- Those pretending to be experts often display overconfidence and avoid admitting ignorance.
