Podcast appearances and mentions of Michael Lewis

In this episode, host Kristin Hayes talks with Jesse Gourevitch, a new Resources for the Future fellow, about how flood-risk information affects US housing markets. Discussing an upcoming report, Gourevitch outlines changes in property sale prices and buyer characteristics following revisions to federal flood maps and updates to state requirements for disclosing flood risk to homebuyers. He and his coauthor have found that property sale prices are lower when properties are mapped into a designated flood zone or become subject to disclosure requirements. For lower-income homeowners, the declines in property value are larger than high-income homeowners relative to annual income. Following these changes to flood maps, homebuyers in flood-prone areas tend to have higher incomes and are less likely to be Black or Hispanic. Gourevitch discusses what these findings could mean for disparities in flood exposure across different socioeconomic groups. References and recommendations: “Who Is Government? The Untold Story of Public Service” edited by Michael Lewis; https://www.penguinrandomhouse.com/books/788713/who-is-government-by-edited-by-michael-lewis/ Subscribe to stay up to date on podcast episodes, news, and research from Resources for the Future: https://www.rff.org/subscribe/

What if your AI strategy is creating more risk than progress? John Willis joins Andrew Stotz to trace how Deming's System of Profound Knowledge shaped the way he thinks about organizations, learning, and change. From his early days building DevOps to the AI transformations he's navigating with CIOs today. Along the way, John connects Deming to fast feedback loops, explains why leaders keep mistaking a learning problem for a technology problem, and shares stories that never made it into his book, Deming's Journey to Profound Knowledge.   A fresh conversation for longtime Deming thinkers and those just beginning the journey.   TRANSCRIPT 0:00:02.0 Andrew Stotz: My name is Andrew Stotz and I'll be your host as we continue our journey into the teachings of Dr. W. Edwards Deming. Today I'm here with featured guest, John Willis. John, how are you doing?   0:00:15.7 John Willis: Great, Andrew. I was just thinking, I feel like that song, like I got my picture on the cover of Rolling Stone. Like, I'm on the Deming Institute podcast. Yay.   [laughter]   0:00:24.9 Andrew Stotz: We finally got you on.   0:00:27.8 John Willis: Yeah, yeah.   0:00:30.3 Andrew Stotz: Actually been a while and I wanna introduce you just briefly and then I'll let you do a little bit more of the introduction. But basically on Amazon, a book popped up and I was just looking at the date of that. That book popped up on, for me, it popped up on September 6, 2023 on Audible and I immediately bought it and I got the Audible book and the book's called 'Deming's Journey to Profound Knowledge. How Deming Helped Win a War, Altered the Face of Industry, and Holds the Key to Our Future'. And I immediately got it. Didn't know you, listened to it, loved it. Later you reached out on LinkedIn and we started communicating and you were kind enough to send a copy of it, which I then went through in more detail. I love the book. I really highly recommend the Audible version because it's just fun. Because the book is opening up a whole new Deming lens, a whole new way from somebody that never met Deming, and I just found that fascinating. So maybe why don't you take a moment and introduce yourself to the audience so that people know who you are, where you've been, what you've been doing and what you're doing now?   0:01:41.4 John Willis: Yeah, no, no, great. I... So, yeah, I... I've been doing technology, usually high consequence business, regulated industry, banks, retail, the biggest of the bigs, where the technology is incredibly important. Right? And I've been doing five decades of basic technology transformations, and I'm kind of the person who gets bored real easy. So I've literally gone through, like, you name it, mainframe, centralized computing, client server, distributed computing, priority systems, the Linux Open systems, you know, owned infrastructure cloud, and I'm consider one of the founders of the DevOps movement. And now today, like the cliché that I am, I've been doing a lot of organizational strategy on AI. So I don't come in and tell you how to turn 4,000 developers into AI coders. I kind of tell your CIOs to slow down. Wait a minute. So, yeah, so my day job today is I'm... I think these days finally in my life I would call myself an author first. I've written a number of books. The one you did, I had... My last book was a history of 100 history, 100 Year History of AI. And... But I'm an advisor, so I sort of... I take inbounds. I don't really look for work. Usually it's a chief of staff for a CIO who either has worked with me in the past and hey John, we're underwater with AI. Can you come in? Or they hear something I've said or I do a lot of podcasts and then I'm sort of a quasi investor. Although I probably should listen to your stuff a little better because I'm typically... I'm one of those guys that like, if I invest in it, you go short on it right away. So... [laughter] But yeah. But, yeah, no, so... But my day job today is really, is doing research. I'm actually just sure, this probably opened up a whole another discussion. Maybe later but I'm writing a book about the history of quantum computing right now and that's been just fascinating. So...   0:03:41.7 Andrew Stotz: Yeah.   0:03:41.8 John Willis: But my day job is helping CIOs and large high consequence organizations try to shuffle through technology transformations.   0:03:50.7 Andrew Stotz: And for the audience there that didn't catch what you were saying at the beginning, it kind of dated you because you were talking about the song called Rolling Stone by Dr. Hook.   0:03:59.9 John Willis: Yeah, yeah, totally.   0:04:01.3 Andrew Stotz: Dr. Hook published this in about 1972. And here are the lyrics. "Wanna see my picture on the cover? Wanna buy five copies for my mother? Wanna see my smiling face on the cover of Rolling Stone?" So here...   0:04:12.8 John Willis: Totally. Yeah. There you go. Deming Institute. Yeah, no, great.   0:04:16.7 Andrew Stotz: And one of the things that I found fascinating was just how you came to Deming from a very different angle. I was lucky enough that my boss at Pepsi sent me to study with him and I did two different seminars. The last one was in 1992. So I was 24, he was 92, was gonna live about one more year. I had... I could literally reach out and touch the man and hold his hand and sit next to him. I got a great picture of me sitting next to him. And I was just a young guy with a fresh mind compared to the 500 guys behind me that were older that he was bashing at times. But tell us a little bit about how you stumbled upon this topic and why you decided to do what you did with writing the book?   0:05:03.7 John Willis: Yeah, no, it's sort of interesting. I sort of say that for the first, I don't know, probably from 1980, my first job was running five distributed large computer systems for Exxon Research and Production, basically the geophysics work, right, during the most hottest period of the oil industry. And there were people doing that part of variation and understanding, but that didn't sort of hit my world. I was supporting geophysical processing and then so I rolled into other jobs. And then probably the closest I came... So in other words, I'm dealing with a lot of these major transformations and always focusing on the meta side, like the organizational. What are the things that are wrong? How do we fix the human and technology? There's a phrase called sociotechnical systems, right? And that's always where I've been most interested. And then even I was at GE Capital and I'll say this with all honesty, I was a Green Belt, but they gave out Green Belts for Six Sigma, [laughter] right? My wife was actually a Black Belt. And... But we would do... And I know Deming hated Six Sigma and all that, but we were doing... It was all around me, right? And then it wasn't until really the DevOps age that we really... That was a major shift in my career because before everything was sort of first generational from a technology or sociotechnical system, very command control, you sort of you installed software in a certain way. There were so many principles that were being broken by DevOps. And I was already an older guy at that point, but I was learning from these young kids and I'm known as the person who introduced DevOps to the US.   0:06:52.3 John Willis: And... But so there is where we started going back and understanding... We thought everything was new. We were creating DevOps, we were doing all this crazy awesome stuff. And I remember a friend of mine, well, a good friend of mine wrote a book called 'The Phoenix Project' by Gene Kim and it's a rewrite of Eliyahu Goldratt's 'The Goal'. And I was like, oh my God. And I read all of Goldratt's books and I was like, okay, this is the way, this is the way. I've seen a glimpse of some 30 or 40 year knowledge that I was missing. And then it was an open space seminar. A good friend of mine says, "John, you know." and I'm going off about Goldratt and he's like, "You know this all goes back to Deming." I'm like, "Who's Deming?" I'm like, "I just spent a year learning everything I could about Goldratt. He is my North Star. And now you're telling me..." And he challenged me. He said, "John, I'll leave it at this. You go read Deming's 14 Points and if you don't... I know you. I know what you're gonna do once you do that." And he was spot on. That was it. I was... And I don't... I'm more into the Profound Knowledge and we could talk a little bit about my journey there. But I was like, oh my goodness, this is the real and I love Eliyahu Goldratt and I love 'The Goal' and I love all his books. But Deming was hitting... Was like punching me right square in the face.   0:08:12.0 Andrew Stotz: So to what gap did it close for you? I mean, Goldratt is very specific about the main limiting point...   0:08:23.2 John Willis: Yeah.   0:08:23.3 Andrew Stotz: The bottleneck, how do we solve this?   0:08:25.6 John Willis: So the 14 Points, sort of one of the jokes is that it's mandatory to put the 14 Points in a DevOps presentation. So we were doing that dance a little bit, but then when I got a little serious about it, actually me and Gene Kim, we did a book. Goldratt has this book called 'Beyond the Goal'. It's an audio-only book, right? And I convinced Gene about five years after he had written 'The Phoenix Project' to do a Beyond the Phoenix Project. And so he did Goldratt, I did Deming. And at that point, I knew enough about Deming to say, "Okay let's..." And then we talked about DevOps and the principles of Lean and we did... I always, when somebody says they bought that audiobook, I'm like, "Oh, you're the 15th person that bought it." right? But it sold more than that. But the... But that's when Gene tapped me on the shoulder and did that. We went to the studio. It was a highlight of my life, literally going to the studio with Gene and literally recording for a couple of weeks. And he's like, "John, you really need to write a book about Dr. Deming." And then I started building a folder. And then the crash course then or the trajectory at that point not really crash course is that you realize the 14 Points are, no disrespect, but vaguely interesting. You're like, "Okay, Mount Everest is System of Profound Knowledge." Right? Because that's the mount... And that's the one where you're like, "Okay, I read 'Out of the Crisis', I think I get it, the 14 Points make sense, but like, what is this stuff he's talking about here?" Right? And then you read 'New Economics' and it's like, "I still..." And then, so for me then, it was, I'm just one of these person like I have... And again, I'm not trying to make myself look like I'm special, but I have to learn. I can't... I'm the worst person in a... If I was in your class, you'd kick me out of your class because I'd be sitting in the front row and you'd be, "Oh no, not you again."   0:09:26.2 Andrew Stotz: Another question.   0:10:26.9 John Willis: Yeah I know just another question. I mean, I've been cut off by professors and... But the... I'm like, "All right, I got to get to the bottom of this." And that was almost a 10-year journey for me of... I had to know. Because it was clear to me that Profound Knowledge or System of Profound Knowledge was not something he invented out of thin air. Like, I had to figure out, where did he get this? And that started the genesis of how I was gonna write the book, which is the journey, 'Deming's Journey to Profound Knowledge'. And that sort of took me into... And what that did, while I was learning that, of course, Deming opened the door to guys like Russell Ackoff and Ashby and just all these other sort of management thinkers and even Drucker or whatever, right? They all sort of started filling out a palette. But meanwhile, I'm still driving hard on Deming. And what that gentleman said to me, good friend of mine, Ben Rockwood, who I give tribute in the book, is when he said to me, almost like tapped me on the head, like, "John, John, John, it all goes back to Deming." Like, you start seeing the clarity of DevOps, Lean, Agile, it all had these things. And so I spent literally a long time really trying to figure out, okay, how did Deming get... We all know variation is relatively simple to understand where he got that from, right? Shewhart's work and all that stuff. And I'm not trivializing the impact of what he did for it, but knowledge was interesting. And knowledge I had to go to pragmatism. You had to understand what C.I. Lewis is. And that's a book that Deming said he had to read seven times.   0:12:03.1 Andrew Stotz: He had to read it seven times...there's no hope for me.   [overlapping conversation]   0:12:05.2 John Willis: That's right. No, actually I did Tom Sawyer. I have a friend who's one of the smartest people I know. He's like, "I'll read that." And he explained it to me. But and then I read it. But so knowledge, this sort of, how do we understand? How do we know what we think we really know, right? That whole epistemology and all that. To me, this is like sort of, just give me more, right? And see more and feed me. And then system thinking was interesting, appreciation for system, because then that got me back to, okay, and there was some missing links there. And I found that one of the guys who came up with General Systems Theory, von Bertalanffy, him and yeah, Ackoff. Him and Ackoff had sat in a seminar of his like in the '40s and so there was some influence there. And there's a lot of work that's been going on in systems thinking after him. But so then I got that and then the psychology is tough, right? But so I put all that together. And then my... The thing I was telling you earlier is, when I do the research for a project like this, I read everything that there is about it. So my AI book, I read 25 books on AI, history of AI. I'm up to like 10 books on the history of quantum computing.   0:13:23.4 John Willis: With Deming, I've read every book that's been written by Deming, at least the ones that I know of, right? And one of the things I noticed, the pattern was that they all... Again, I'm just simplifying it. They all started off with a little bit about the biography, some a little longer than others, but in general, most of the book was about the management theory. And it was really a book that was being sold as a business book more than it was as a biography. And one of the things I've always loved about Michael Lewis or that sort of story of nonfiction storytelling is he tells a biography, it's a disguised biography and I thought, my God this... And as I kept compiling over the years all these great stories, you know, the Doris Quinn story, right? The woman who, she went to New Guinea and Deming... Spent the last two years of her life with Deming. I mean, most of the people that are Deming disciples didn't even know about this woman. And she spent the last two years of life traveling with him. So I met her and interviewed her. And the stories, you know Hawthorne, and there was such... It wasn't just that, I love the idea of trying to explain how he got to management theory and epistemology, how did he get to the science of variation? That's all good stuff. But I wanted the stories, and the stories were just glorious. As you enjoyed the book, right?   0:14:52.4 Andrew Stotz: Yeah.   0:14:53.3 John Willis: I think that was the fun part of not just explaining the sort of tech, if you will, but it was the, like the, oh my God, this... I've got to... I had three chapters like six years before I wrote the book.   0:15:06.9 Andrew Stotz: Yeah. Well, here's chapter 15. And you say, "Being a student of Deming, I came across an untold firsthand account of a beautiful story from one of his acolytes, a woman named Doris Quinn," who you're talking about.   0:15:20.0 John Willis: Yeah. Yeah.   0:15:20.2 Andrew Stotz: And... But the... I also had marked a section related to talking about the final days, saying...   0:15:29.7 John Willis: Yeah.   0:15:29.8 Andrew Stotz: "Doris said he was a very, very driven man. He went nonstop. I remember one time we were in Kansas City and a reporter asked him, "Dr. Deming, when are you going to retire?" And the master said, "Why would I do that?" "Well, so you can do what you want." the reporter said."   0:15:45.7 John Willis: Yeah, yeah, yeah.   0:15:46.4 Andrew Stotz: "Dr. Deming looked at him and said, "I am doing what I want."   0:15:50.2 John Willis: Yeah. You know what I love about her? There's a really good book from Amazon called 'Working Backwards'. And they tell us... The guys who wrote it were pretty high up early on in Amazon. They tell the story how if they traveled with Bezos and you didn't have a whole set of questions on the plane ride, you got in trouble. And so Doris Quinn tells that story, how she literally, she tells the story of how she traveled with him and he's like, "Doris, what other questions do you have for me?" And if she didn't have one, he'd get mad at her. He wouldn't talk to her. They'd have to wait a day because normally they'd go and have gin together. But if she didn't have questions... And some of it's in the book, some of it was in conversations had... He'd literally get mad at her and not talk to her for the rest of the day [laughter] because she didn't have any questions. You got to love that, right?   0:16:39.2 Andrew Stotz: And you also did a little follow-on about more stories that you didn't get in the book, I believe.   0:16:48.1 John Willis: Yeah. Yeah.   0:16:48.2 Andrew Stotz: Tell us about that.   0:16:50.1 John Willis: Well, so I wrote the DevOps Handbook, right? And that was a collaboration with four other authors and took us six years to write it. So my wife says, "What parts did you write?" I'm like, I don't know, man. There were a lot of parts that went in and out and moved around when you have four authors, and it was really a very techie book. So 'Deming's Journey to Profound Knowledge' was really the first book where I literally... It was my book. And so I had written the book. In fact, my favorite story, and Doris Quinn is a great story, my favorite one was... It was basically called The Devil Wears Prada. And so, and Kevin... I don't think Kevin, his mother even knew this when we were talking that his grandmother literally was... I mean, I think they knew that she worked for the pre-BLS, she was a statistical mathematician and all that.   0:17:45.3 Andrew Stotz: Right.   0:17:45.4 John Willis: But after the war, she worked before she... I don't know if she met Deming, but she certainly wasn't married to him, Dr. Deming. She worked on the mail-order business was getting all these returns for women's sizing. And so whatever the pre-BLS was, Bureau of Labor Statistics, commissioned her to do a study. And she's the one who invented women's sizings. Because before, they didn't really have all the different measurements. So she ran a whole statistical study. And so today... So I use the whole story of the Anne Hathaway, the 14 is the new seven and all. So I start that off. Anyway, so I go to my publisher and my editor, who I love, she'd already knocked out a lot of stories, but this is the one where, "You're not taking this story from me. You're not... This one is not." And then she's so good, she'll be like, "John, let me ask you this. Does it fit the arc?" By this point, she understands System of Profound Knowledge, she's read my book quite a bit, and she says, "Does it fit the arc of System of Profound Knowledge?" "Uh, I hate you." And I took it out. And then she said, "Well, why don't you make a blog post out of it?" And I'm like, "Oh, no. I'm gonna make another book." And I took all the stories we cut out and I called them Profound Stories. And yeah, so...   0:19:06.6 Andrew Stotz: And for the listeners and viewers, you can get it on Kindle and then you can read the stories. And I think for the Deming community, that's one of the best parts about this whole thing, is just there's no great collection of stories that has an arc to it, as you said. So I enjoy that. I wanna also... It'd be interesting to understand how your thinking has progressed about Deming, because obviously you talk about this introduction phase where you got to know him, then you have this intense phase that you seem to have a knack for, then you write the book, you have all the excitement about that, but you're on to other things.   0:19:46.8 John Willis: Yeah. Yeah. Yeah.   0:19:46.9 Andrew Stotz: And there are remnants of Deming that remain with you, but there's others that have fallen by the wayside. Maybe they're not as critical as you may have thought or... I'm just curious, how does the Deming thinking unfold in your life now?   0:19:59.7 John Willis: I... It's become sort of a fabric. So, and I wanna get back to that, but I do wanna say one thing... I'm so... Whenever somebody tells me the story that they met Deming, I have two reactions. One is the hair on my skin, my arms go up thinking, "Oh, I wish that was me." But then the other one is like, I'm sure he would have yelled at me and got mad at me. Because he would basically be like, "That's a stupid question, Mr. Willis." So I have this fantasy of which way it would go. But anyway. Yeah, the question around what do I think now? I think, so if you go back to the narrative, he... And it's hard not to be a sycophant of Deming, right? But I am a sycophant of Deming, but I try not to be. And... But even in the book, I tried not to be a sycophant, right? I went out of my way. But so when I say this, Deming was in my DNA before I even knew who he was, right? Like at Exxon, at GE Capital, the Six Sigma stuff. And again, I understand for people listening, oh, the Six Sigma went the wrong direction, but it originally was stemmed from a lot of his ideas. And so it was there. So it was sort of foundational, and he was the lighthouse to put it in... And then System of Profound Knowledge became the taxonomy for me for this stuff that was in my DNA. And so in one way, there is this thing where you move on to a new transformation. And we're in one right now. We've been in one. I've been in one for five years now, which is with the AI. And again, same thing for me is it's not about the AI, it's organizational behavior, organizational patterns, what is the sociotechnical science behind how do you do these things?   0:21:48.4 John Willis: But so you forget... I always say technology shifts are like fluorescence. People use the metaphor of like spring and winter, like AI winter, AI spring, and they've used it for other things than AI. And that's sort of like a rebirth. The fluorescence is good because it's like an energy. It's always rolling forward. It just gets a fluorescence bright glow periodically. And so what the problem with the metaphor works for me because the energy is there, and the energy are the patterns that are consistent. The fluorescence is the blinding effect. So back to like, did anything fall off the wayside with Deming? Yes, for a little bit. Because in 20... Basically I started playing with the early versions of GPT, the OpenAI models, back at version two, and that was like around 2020, right? Even before ChatGPT, right? So that whole experience before we started even thinking about what this was gonna look like at a large-scale bank was fluorescence. Like I'm not thinking anything about Deming from 2020 to 2023. In 2023, 2024, I start getting asked to come into some of my larger clients. And I'm following it too, and I'm sort of... I'm starting to become aware that this is becoming... In fact, I'm pretty sure in the grand scheme of things that don't matter in the grand scheme, I'm pretty sure I got first use on shadow AI, in an article I wrote in like 2022 or 2021, right?   0:23:27.2 John Willis: So I had already been recognizing there's a problem pattern here. We got the shadow IT with the cloud stuff, now the shadow AI, and I could see this steamrolling happening so... And then I started getting called in organizations, and then I still was the wayside of the Deming. Like, I didn't walk in going, "Hey, I'm gonna hit the punching bag with Deming." I was coming in trying to figure out what do I know about patterns with this fluorescence metaphor that are new and shiny, and what are the things that are old that have been relevant for the five decades and the six transform... At least six transformations I've been through that are common in everyone. And I started seeing that. And then what was funny, as I'd be writing and researching with AI, it knew so much about me that even as early as like 2024, I had loaded in my Deming book. In fact, one of the ways I learned AI is I took the 'Deming's Journey to Profound Knowledge' and I turned it into an augmented general retrieval, or what they call RAG database. So I learned a lot about AI because I knew what my book was, and I could validate what was hallucinations.   0:24:36.3 John Willis: Anyway, but it knew enough about me. And then what it would periodically do, it would say, "Would you like Deming's version of this?" I'm like, "Yeah, I would love that." And then I... It started refreshing my memory of what the real context going back to my friend Ben Rockwood, it all goes back to Deming. And so now it's actually on the... It's more than ever, it's on the forefront because I'm being brought into major brand organizations that are seemingly failing on AI at the institutional, organizational level. And there's not a line of these people. In fact, most of them don't wanna talk to me because they don't wanna hear what I got to say, which is slow down. And I'm okay with the ones that don't wanna hear that because I don't really wanna work with them anyway. But now I'm seeing with absolute clarity two things. One is it all goes back to Deming, and all the problems that we're seeing can be classified in Profound Knowledge.   0:25:37.1 Andrew Stotz: Tell us more about that. Because for those people that... There's so many different components. When I got introduced to Deming, it was the 14 Points, 'Out of the Crisis'. And then I left America in 1992, so I wasn't there for 'New Economics'. And it... And I did other stuff for 20 years, 15 years, and then I found New Economics. It's like, "Wow, this is different from that."   0:25:53.1 John Willis: Yeah.   0:26:09.1 Andrew Stotz: Yeah, so between the deadly diseases, the 14 Points, the System of Profound Knowledge, there's so many parts to this.   0:26:15.9 John Willis: No, I've got... Yeah, I definitely got. And I'll tie it right back to the... In 'Deming's Journey to Profound Knowledge', I tell the story of Knight Capital. And Knight Capital is an interesting... It was the second highest high-frequency trading, black box, latency arbitrage on the NYSE. A sysadmin made a configuration error. They lost $450 million and don't quote me on the exact numbers, but like 450 million in 45 minutes. They were arbitraged at billions of dollars. They were literally out of business with a cease and desist from the SEC. And I always tell people, like, that's the last thing you want if you have a business is a cease and desist from the SEC, right? And at that point, we would say things like the consequences are high on how you think about humans and technology. Well, guess what, sports fans? Knight Capital is a drop in the bucket of what we're gonna start seeing with AI. We are going to see these... And there's the Equifax breach, there's all the... We're gonna see non-survival. I mean, Knight Capital didn't survive. Equifax lost five billion market cap in a week and then recovered all of it, right? But I'm saying there's been some major brand recognition problems pre-AI. You're not going to be able to survive these with the power...   [overlapping conversation]   0:27:41.7 Andrew Stotz: Abilities are gonna be shaken out.   0:27:43.6 John Willis: Yeah. I mean, and the brand damage. Brand damage by the escape routes of how... I mean, let me just step and I wanna go back to answer your question. But one of the things that people don't recognize right now is the machine that we have now has infinite knowledge at machine speed, and it's probabilistic. I mean, just add those three things up, that it has the ability of infinite knowledge, something no human could even close to. So it'll make decisions, it will escape, it will figure ways out, it will try a clever way to do something that probably no human would do that could be a disaster. Right? So the consequences are incredibly high. So then now, okay, let's really dust off: it all goes back to Deming's stuff. And so to your question, I think that I would love to see, like, you write a fantasy novel about how Deming came back to the future and was sitting here listening to what was going on, and he'd be screaming. He'd be telling everybody... And this is the thing I'm... I don't scream, I'm too old these days, but like, I literally cut off a CIO real quick in my conversation. I interview a CIO, they think they're interviewing me, I'm interviewing them. And if I'm like, "Yeah, no, you know what? This isn't right." "Well, what do you mean, John? We had..." "No, no, no."   0:29:09.1 John Willis: Because I can see right away that what the CIO or the leadership is... They think AI is a technology transformation. It's an organizational learning transformation. Deming would see this and scream this out loud. And that's the part of the blinding fluorescence that we're missing. We should know this by now, right? And so all these technology shifts, they think they're technology revolutions. They're really... I mean, they go back to the basics. What are the systems are they changing? Are we understanding what variation is? How do people learn? Are people not learning? Are people... A good example is, in every organization that I travel and this has been true for almost every technology transformation, but now it's glaring. I like to simplify. I say there's three groups. Let's take AI, right? Three groups in an organization. And usually, again, I don't care about really start-ups. I do care about startups from an investment standpoint, but I don't care about them from my day job. And so this is a bank or a large retail or insurance company or manufacturing. And so the CIO is like, "We have an AI strategy." And by the way, let me step one more thing, we learned a lot in the DevOps revolution, but DevOps was never a board-level conversation and it was never a Wall Street conversation.   0:30:37.1 John Willis: AI was immediately a board-level conversation. And so the pressure on a C-level, a CEO and a CIO, is "You must do AI yesterday.", right? And so now what's happening is the CIOs are literally doing knee-jerk reactions of like, "We're gonna have... We got 30,000 employees. If we can get all 30,000 employees using AI with a 3x productivity rating, we'll have..." you know, like, oh my God. And then they say, "Make it so." And I call this the strategy versus talent systems gap. And I don't mean how talented they are, I mean understanding what your talent system looks like. And to keep it simple, most talent systems look like this, they have one group that is passive-aggressive. They don't like change. They've been doing the same job forever. In this new world, they don't believe AI works, and they're passive-aggressive about it because they know they can't say they don't want it. When the CIO says, "We must do AI." they have to go, "Oh, we'll get to it next month. Next month. We'll get to it next month." And then you have the second group in the middle. They wanna do the right thing, but they're high enough... As we know, if you work for a bank and you're in a high enough position, if something really goes wrong, you're lucky if you get fired. You could get a fine for two times your salary, or you could actually go to jail.   0:32:02.3 Andrew Stotz: Right.   0:32:02.4 John Willis: Right? So that group is like, "I wanna use this, but you're not clear. There's no clarity from your... You guys all wanna do all this...   [overlapping conversation]   0:32:11.7 Andrew Stotz: There's risks everywhere.   0:32:13.3 John Willis: But we've got the OCC and there's no clarity on FDIC and like, what does this mean?" "Well, I don't know." "Well, then I'm not touching this stuff. And do you have my back?" No. Right? And then the third group is the classic, do now, ask forgiveness later group. And so you could put this all back to driving out fear. Because what happens is you've got a strategy. What is that, it's number eight, I think. I think that's right, but it doesn't matter, right? It could be nine, it could be seven in the 14 Points. So the CIO has said, "This must happen." And then, again, board-level, horizontal, vertical pressures. And then everybody's... And they're not even understanding, do they have the capability? Do people wanna do it? Does the middle group even understand the clarity? And so the first thing that you should be doing is, in the clearest sense is driving out fear. So the do now, ask forgiveness laters are fear that if they don't do it, they won't be the leaders. The middle group is pretty clear what their fear is, you don't give them clarity of what they can and can't do. And the third group is fear of changing, losing their job, "AI is gonna replace me." So that's all a spectrum of understanding fear at the human level. And so maybe that is one of the first things you should address before you actually set a grand strategy. And we know Deming has a lot of thoughts about this, and then we break into sort of like...   0:33:48.6 Andrew Stotz: Okay, so let's stop at that.   0:33:50.1 John Willis: Yeah. Yeah.   0:33:51.6 Andrew Stotz: Fear.   0:33:53.0 John Willis: Yeah.   0:33:54.5 Andrew Stotz: That is something that remains in your belief system that is supported by Deming. Did you have that awareness when you were in... Let's just think about before you came across Deming.   0:34:08.1 John Willis: Oh, oh, yeah.   0:34:08.9 Andrew Stotz: Let's say you were doing all that stuff with Goldratt and all that but then when you came to Deming, did fear come up as, oh, wow, this is obvious, or did you learn that later and you see it now more?   0:34:21.3 John Willis: Andrew, this is why you're good at your job. This is good. This is a great question. No, really good... I love questions where I have to really deep think about it. So I think that I kind of always... It wasn't until DevOps that I understood what failing was about. So just before, like the nanosecond before I'm learning what Deming's saying about PDSA and failing and how the whole structure of learning is, I had this sense, but I don't think I was baptized yet on... And to me, I'll put fear and failure in the same bucket, right? Because it's a very... They are, in a lot of senses, the same thing. But certainly I can put them in the same bucket. So I had a sense, but it wasn't until we started seeing fast fail in DevOps. So DevOps, one of the things with DevOps was shorten the feedback loop. That was one of the core tenets of DevOps. Like, instead of waiting three, four weeks, five weeks, six weeks to deliver some software, or six months, and then by the time you deliver it, you're onto... The whole group that built it is now doing something else, let's just be able to turn a line of code into a delivery now. And that was revolutionary, right? And it's changed the universe. I mean, you don't have the big AI providers today if you didn't have DevOps.   0:35:46.4 John Willis: You would not have Airbnb and Uber and all that if you didn't have DevOps. Right? So that... And that sort of realized that this fast feedback loop is really an interesting thing, right? And the fact that it is telling you fail fast because then you learn fast and then you correct fast. And you... And so right around that time, I'm doing this research on Deming and starting to understand epistemology, the theory of knowledge. And so, again, I don't think... Like I said earlier, I don't think I had the... And vocabulary's too loose of a word. I don't think I had the structural understanding. Like, I didn't know what the word epistemology meant [laughter] before I started learning Deming. So I... So it was really... There were flavors of understanding what learning was, but it was DevOps that literally sort of put it to the front of why this works, how it does. And then I got... Again, a lot of careers is just being lucky, right? I just happened to sort of tap into this Deming thing through meeting Gene, learning about Goldratt, and then having this good friend tap me on the head and say it all goes back to Deming. And so, so and then that point, then it sort of opened up the whole world of epistemology. And it wasn't until I wrote the book where I started realizing it was pragmatism.   0:37:07.2 Andrew Stotz: And did that... Does that fail fast, does that method of accelerating the feedback loop that happened through DevOps as you've explained, does that remove a lot of fear from where people would be...   0:37:19.6 John Willis: Oh yeah.   0:37:19.7 Andrew Stotz: Much more... So that all of a sudden says, "No, no, no, it's okay to fail. We'll see that in a day, in two days, and then we're gonna iterate from that." So, okay, I understand how that kind of reframes fear of failure. But then you now talked also about the idea that it's a big element that you see, everything goes back to Deming. Nowadays you see this fear. How does it connect with how you see fear today in the workplace or in organizations?   0:37:50.6 John Willis: Well, again, I think it's the same thing. I mean, I hear people talk about now that one of the big discussions right now and I always look for the anti-pattern of where the discussions go, right? There's this big discussion about AI slop, right? In fact, last year it was we were all concerned about hallucinations. And I'm not dismissing that, but like, if you know how to run AI and infrastructure harnesses and build ground truth in an organization and you understand how your internal audit works, hallucinations are not, let me repeat this, are not a problem in 2026. They are not a problem. You could make them a problem by not understanding what I just said, but they are not a problem. So today's hallucination frenzy scare is what's called AI slop. And I guarantee you in 2027, it'll be something else. But... And I'm not saying it doesn't exist. It does exist, right? But so people are sort of calibrating, what is the cost... There's this counter-reaction to AI coding, not even assistance, people are now using pure agent coding, right? And the question that I think Deming would ask and maybe if there is some divine proxy of me speaking through Deming or Deming speaking through me is that the question that people are now looking at is, "Slop is so bad, we're creating so much code, should we ease back to the longer cycle for ideation and delivery and that process?" Because it's costing us a lot of money on the implementation side.   0:39:20.8 John Willis: The error, the time it takes to remediate the slop is starting to outweigh. Well, that's just bad organizational behavior and design. But okay, but so now I've had this argument with a major corporation, the CIO the other day, where I was saying you have to create this hourglass effect. For you got to create the funnel and then you got to have the control system that slows things down and speeds it up. And he was saying, "But yeah, the cost of the slop is all this stuff." And I said... What I said is, "Yeah, but what you're missing is..." and this is a company that did really well in DevOps, I worked with them years ago through the DevOps transformation and they understood the fast feedback and I had to re-explain the idea that, yeah, there's a cost to AI slop, but if you're not calibrating that with the cost of non-fast feedback and learning because your fear is this slop is gonna get us back or make you knee-jerk reactions, we're gonna see if we can slow down the ideation, maybe we move too fast. And again, I don't... There are scenarios where that is absolutely true, but that is, first understanding your problem. And your problem isn't slow down the ideation process.  Oh, we should spend more time ideating because what does that do? It goes back to the old school where we're spending way too much time in the ideation. By the time it actually gets implemented, the feedback loop of learning is way too long. So I think you're better off at least measuring... And this is where variation comes into play. Measuring if I decrease the ideation time, do I get more value from the fast feedback because I can understand the problem, I can fix it faster? And again, that was one of the core tenets of DevOps. But I find people now pushing back because they're scared of AI slop and it's costing more remediation time. So again, I think these are multiple ways of thinking about how fear...   [overlapping conversation]   0:41:26.9 Andrew Stotz: Yeah, so besides...   0:41:27.1 John Willis: The fear... And I was just gonna say one... Sorry to cut you off.   0:41:29.0 Andrew Stotz: Yeah, go ahead.   0:41:31.0 John Willis: But one of the biggest problems I've seen over the years is I think the knee-jerk reaction is the symptom of fear. Right? And so I've seen this over and over where a bank gets pawned and so they put out a req for a hundred IT sec professionals in a city where you can best case hire 10 one year. Right? So again, I think that there's that combinatorial fear, knee-jerk reaction.   0:42:00.5 Andrew Stotz: If you were to pick one other area of Deming that really stands the test of time for you, as opposed to a Deming disciple, let's say someone that's trying to implement everything that he's talking about and they're trying to do it in their little manufacturing company or their service business, which I interview those guys.   0:42:09.1 John Willis: Yeah, yeah.   0:42:17.6 Andrew Stotz: But in your case, in some ways it's like you swam through a Deming period of time, absorbed everything and now you're on to other stuff. I'm just kind of interested about what else is lasting?   0:42:35.2 John Willis: Yeah, no...   0:42:35.3 Andrew Stotz: Just one thing.   0:42:35.6 John Willis: And I think maybe, Andrew, maybe part of a problem of the institutionalized Deming conversations is it doesn't always have to have the word Deming in it. In other words, I'm not criticizing you. I'm just saying that I see it more as it's in my DNA. It's part of how I look at things. And so I'll give you a great example. This is pure Deming, but I wouldn't think of it as, "Oh, let me explain this way I want you to evolve in AI because Deming would say..." I don't start that way. But I will tell you that when I came up with this idea and it's called an ideation, AI ideation hackathon. Right? Because everybody's running tech hackathons, AI hackathons. And that's a terrible, terrible, terrible idea. And there's technical debt, you're just making a lot of mistakes there.   0:43:01.7 Andrew Stotz: Right.   0:43:27.8 John Willis: It's a knee-jerk reaction. So the ideation hackathon is sort of something unique. I was doing some consulting for the CMO of a large database company, but got into AI and I helped them, it's called MongoDB, I don't do any work for them anymore but I helped them launch their AI solution. And I did a lot of technical hackathons and I just kept seeing how all the chaos of these technical hackathons, people would build stuff, it would just wind up in GitHub repositories, it would go nowhere. And I finally said, "Why don't we just strip out the technology and focus on the ideation process?" Right? And so that becomes a pure implementation of PDSA. Right? Because in a PDSA, if I was gonna sort of explain it in a Deming way, a hackathon would be a terrible way to implement a PDSA. "So let's build the Sistine Chapel and then let's figure out, let's study the results." Or why don't we start small as an organization? This is why I tell my first... Right now, CIO asks me, "Okay, John..." and usually the conversation ends at this, "What would be your 30-day, 90-day plan, 180-day plan?"   0:44:41.0 John Willis: I'm like, "Not to have one." Yeah, but then I sort of, I talk about two ways to deal with where they're at. And I say that one is something I've done over years, was a qualitative. I do these large where I interview 300, 400 people and I use true qualitative analysis approach to interviewing people, build categories, and structurally design what the place looks like. Right? And that's very... But it's very expensive and it takes... Expensive not in the money, but the time. The new sort of one that CIOs, at least a small percentage of bite onto is, "Why don't we run some ideation hackathons?" And here's the value, you're not writing any code. You're letting people focus on learning how to ideate. Because remember I said earlier, AI is not a technology transformation, it's an organizational learning change. So let's focus on the organizational learning structures without giving any of the technology or the code. But do the hackathon, and the readouts are what you would have built minus the specific tools. And it's glorious because you actually you get to see all the stuff without expending tokens. You don't build the risks. Because anybody who tells you they can sandbox experiments in AI is lying, absolute lying. If anybody's followed the recent Open AI Hugging Face one, it was the most insane escape.   0:46:10.9 John Willis: So, and then the other idea is I don't want 30 of my executive administrators all picking their own tools and all trying to solve all their C-level bosses' problems. And by the way, there's the whole security exposure is, I've done ideation hackathons where an EA says, "I got this idea. I wanna take my P&L or my profit or whatever of some proprietary information on a spreadsheet and throw it into Claude and have Claude..." I'm like, "Yeah, no, no, no, no. Let me explain how that goes into Claude." It literally, it traverses through a bunch of internal structures that leave stuff laying around. And by the way, even though they say they don't train on your data, they have your data. Like, you don't want that data in there. So the ideation hackathon, I think, is a really good... And so I think the main point to that is, although I don't walk in the door and I think one of the... Again, your listeners, I'm like attacking your listeners basically but I think one of our problems is, we try to build our, some people try to build their skill set around like, "I'm a Deming expert. I'm gonna teach you how to do Deming and everything's gonna be great because of Deming." as opposed to let's just make the water Deming, the water, the fabric of what we do. And every once in a while it does make sense to be able to say, "Hey, you know that..." And I won't go back and say I won't lead and say, "Well, Deming tells us..." because I'm not gonna get the gig if I just go too much on Deming anyway. But I will say at some point, I'll say, "Here's the deal. We've got over 100 years of management knowledge on how to do the right things. Let's pay attention to those things." Right? And that's the Deming, that's the Shewhart, that's the Ackoff, it's the Ashby, it's the... We can go down the list, right? Senge.   0:48:06.2 Andrew Stotz: One of the things I was thinking about a while ago was, when Dr. Deming wrote 'Out of the Crisis', he was telling us that we were in a crisis and that we needed to think a new level of thinking. Did it work? Are we out of the crisis? Did people take on board what he taught? Where are we now? That was 1986.   0:48:30.7 John Willis: Yeah, I know, I know.   0:48:31.7 Andrew Stotz: On the one side you can say America's brought incredible amount of innovation and businesses are huge and other countries and other regions struggle to catch up with America. So on the one hand, you could say materially it appears like we're there. But on the other hand, when you look at the way things are managed, you could argue, yeah, not much has changed.   0:48:56.7 John Willis: It's a tough one. It's a tough, I mean, let's just face it, large-scale organizations of high consequences are so full of bureaucracy. Humans interacting at that scale is probably the hardest organizational problem there is, right? You can study anthropology for the next 40 or 50 years and still not have a good clue of how to. And people do, right? So, yeah, it's hard. And why things work, why they go through the... I mean, I talk about the Peterson at Ford, right? And then Ford, turns out there were a lot of other... There are these other conflicting things that happen, industry changes, financial models change. Why did Ford have this incredible success when Peterson called Deming? And then some number of years later, they're back to the old ways, right? We got General Motors, we got all that. I will say this, and I hadn't really thought about this until you asked the question. One of the things I did focus pretty heavy on is Deming's influence on Toyota. And now there's a lot of debate and this is where people get pretty mean with me. I mean, Dr. Spear, I love Dr. Spear. He wrote 'High Velocity Edge' and he's a genius. He was MIT Sloan. And every time I'd see him, "Well, you know, John, Deming and that Six Sigma stuff never worked." And I'm like, "Alright, first off, he didn't do Six Sigma. Second off..."   0:50:21.6 John Willis: And then he told me one time, he said that Deming had no influence on Toyota. I'm like, "Yeah, that's just not blatantly untrue. I'm sorry, you're a PhD genius, I'm not. You're wrong." And so I've been hitting him... Over the years, I hit him with a lot of evidence of Deming's influence on Toyota. And it even goes back to Denco Densco and some of the same. But here's the thing, right? I... There's a woman called Katie Anderson. She's got a book, Learning to... 'Leading to Learn, Learning to Lead', where she met a guy who spent four decades at Toyota, this Dr. Yoshino, and she interviewed and wrote a book about his career. She runs a Japan study trip. I did a Japan study trip a couple of years ago and I got to meet him. And I... He hired at Toyota in 1966. He worked alongside Ohno, Shingo. He was there. He was a junior guy, but he was the guy they were yelling at, "Do this, do that, do this." right? So he was there.   0:51:23.9 John Willis: I told him, I said, "There are people that believe in the US that Deming had no influence on Toyota." He could not believe that that question even could come up. And he told me, he said, "John...", he doesn't really speak good English, we had a translator, he said, "Let me tell you what Deming taught us. He taught us to understand data." And at first I didn't grok that, but then I started thinking about variation. And although there's a lot of people that say that that didn't carry through too, but if I look at what Agile, Lean, and ultimately become DevOps, I in that book trace it pretty strongly back to Deming's influence on Toyota. And you can't deny Lean is not the core of Agile Lean, today's Lean, right? Toyota Production Systems, to be clear. So then I would say that the lasting impact of Deming is not what happened in the '80s when the Americans started understanding what he did, because maybe that translation, maybe it had to be... I asked Doris Quinn this and she said, "Oh, that's interesting." Because I said this, I said, "Could it be that Japan influenced Deming as much as he influenced Japan?" And I think it did. And I think the point was they were...   0:52:45.6 Andrew Stotz: It was a love affair.   0:52:46.3 John Willis: And yeah, and they were more malleable to his messaging.   0:52:50.3 Andrew Stotz: Well, they were more malleable because of their condition, but they also were more susceptible because of the structure of the society.   0:53:01.6 John Willis: Exactly. Yeah, but even the sort of community structure. I'll tell you another quick story on that study trip where we visited an elementary school. And in the elementary school, they had no janitors. Every sort of public school is like this, right? They have no janitors. And the kids, they literally clean. At about 2 o'clock, a bell goes off and some kids rotate and they do the bathrooms, some people... Imagine in an American school, some ritzy parents, "My son cleaned the bathroom?" It'd be on CNN. And they rotated serving food.   0:53:20.7 Andrew Stotz: Child slave labor.   0:53:39.7 John Willis: Yeah, yeah, yeah. And then we got to interview a couple of them and they understood Kaizen and all. So me, I start thinking about like, oh my God, this is our... Western culture is so broken because we basically teach everything that's antithetical to that. They get out of college and then maybe they get lucky and get into an Agile, Lean-like structure and we have to break it all down, where their kids come out completely in that sort of community. And we went to a lot of tier-one distributors. You could see the understanding of community and the power of it. And so what I'm saying is, what Deming was giving them saturated to have such an impact on TPS, and it's unquestionable the impact TPS has had on Lean and Agile and DevOps. And if you follow my thread, Lean, Agile, and DevOps have certainly impacted... You don't have places like Google for good or bad, Facebook for good or bad, Uber, because they could never scale...   0:54:40.0 Andrew Stotz: Yeah.   0:54:40.1 John Willis: Without that. So again, I think, I really hadn't thought about this until you asked the question, is I think actually the Deming 1980s renaissance of Deming was a... Seemed like a bubble in retrospect, unfortunately. But actually indirectly, he's had more... And there's a good part of the book that tries to cover that. I do the "What would Deming do?" after he died, if he was alive and all the stuff that happened there.   0:55:06.3 Andrew Stotz: Yeah, I mean, definitely DevOps. And then Eric... What was his... The Lean Startup one?   0:55:14.0 John Willis: Eric Ries. Yeah, Eric Ries. Yeah.   0:55:17.3 Andrew Stotz: That also... Those two really probably did more to promote PDSA and that aspect.   0:55:23.4 John Willis: Yeah, that's right. Oh yeah, scientific method. There is a copy, and I cannot find it anywhere, there is a copy of Eric, one of Eric Ries' Lean Startup books that does attribute to Deming, and I cannot find it.   0:55:36.5 Andrew Stotz: It does or does not?   0:55:38.7 John Willis: Does. Does. He's got this thing about the 75th birthday or something. Do you have it? Because I can't find the copy, at some point I read a copy where he does a tribute to Deming.   0:55:50.0 Andrew Stotz: Yeah, I think there's some...   0:55:53.0 John Willis: And then...   0:55:53.1 Andrew Stotz: I have the book and I think there is some reference in the book.   0:55:57.5 John Willis: Yeah, there was one, was like... It was like... I don't know if it was the 70th year, 75th year, and he... So yeah, no, I mean that directly. Lean Startup is literally... Yeah, so yeah.   0:56:10.9 Andrew Stotz: And if we think about people that are listening to this podcast, the people that I really want to listen to this podcast and I really want to get something out of the podcast is people that just don't know Deming. They've never heard of it, but they've stumbled upon it. One of the Deming community said, "Hey, you should listen to this podcast because you'll learn about Deming." And maybe they listen to a couple of episodes and it's a bit overwhelming when they hear someone talking about a lot of detail about this or that. Maybe they bought 'Out of the Crisis' and they got a chapter or two into it and they thought, yeah, that's also a bit overwhelming. What would be your message to that person who's listening right now to say, here's the reason why you shouldn't abandon it because of XYZ or whatever that message is that you've got about what they need to know about Deming?   0:57:01.4 John Willis: Yeah. I mean, I will say this, learning is hard. Change is hard, right? I mean, it sounds cliché, but, yeah, I think all of us who came into Deming, I didn't... When I read, we talked about this, I read 'Out of the Crisis', I was like, I don't know what's going on here. One of the worst things I can advise you to, I hate to say this, and this is probably anti-Deming Institute, is start off by reading his two books. You're better off going out to podcasts like this or other stories. I found that healthcare was chock-full of great stories, particularly about Profound Knowledge, of great examples. And then I went back and read the book and then like, oh my God, this is, now I get it, right? So I think a lot of things that we sort of encounter, a lot of them have... The things that are really valuable have this sort of facing counter-intuitiveness nature to them, and you have to sort of work at that.   0:57:55.9 Andrew Stotz: Yeah.   0:57:56.9 John Willis: And so Deming is hard. I mean, you... If you wanna understand Deming, I would say most people are not gonna get it on the snap. And what I would say to them is, it's worth figuring out what are the parts that he says and he did and his philosophy that could become part of your DNA, 'cause that I don't think anybody disagrees on. And then... And one other sort of short story. And I love Bill Bellows and I would say listen to all his podcasts. He's an amazing guy and just incredibly insightful on a lot of, I didn't really understand Taguchi, but so I did some podcasts with him. But I remember, and I'm not calling anybody out, but he runs the In2:InThinking Group and I've been to a couple of those. And I remember one time we were sitting there and we were having a conversation around sort of a roundtable and somebody asked, as I was talking about a company, they said, "Are they a Deming company?" I'm like, yeah. And I couldn't actually get through the room that, no. Nobody's a Deming company. Like, what is a Deming company? That's the wrong question. So again, back to, you got to be careful about how you think about Deming as using his philosophy to help organizations, because the more you focus on that it is a "Deming philosophy" as opposed to these are the right ways to think about the problems, you fall into this trap of maybe getting lost. Well, that Deming thing worked for about a year or two years and now it doesn't work. Well, if you don't call it a Deming thing, then what were the things that stuck and what are the things that didn't?   0:59:42.5 Andrew Stotz: Yeah. I just wanna remind the listeners and the viewers out there, just go to Amazon and find 'Deming's Journey to Profound Knowledge'. For me, I listened to it as an Audible book, which was fun because I enjoyed the stories and it just reminded me to go back and listen again. And also the additional stories, which I actually hadn't bought until, I had been wanting to buy it, but I didn't. So while you were talking, I got that on Kindle. So that's gonna be my fun.   1:00:13.9 John Willis: Those are great stories. There's a story about Gene Cernan. He was the last guy to land, be on the moon. And as you go through the book, it's really interesting. I did like seven or eight... So I was in no rush to publish the Deming book. I was in a rush to do the AI book. So I would literally get to the third rev, the fourth rev, and every time I'd have more new friends point things out. And by the time I got to like eight revs and I'm like, okay, it's probably time to put this book out. But what happens is as you go with the editor, they just start carving things down. And a good editor makes the strong point, like my 'Devil Wears Prada'. But again, there were so many great stories, like the Gene Cernan one is the last guy to be on the moon, but there was a story about Tracy's Rock and it's just a fabulous story, but it didn't have any place in Deming's Journey of Profound Knowledge. It was just an add-on that sort of took you off course. But now, in a standalone book, it's a great story. So there's a ton of those. The guy who created Piggly Wiggly was this genius. Like, again, it didn't really fit in there. But as a standalone story and I even do a little bit of, like, this would have been in chapter 15, so if you read both, you get a sense. And the worst thing I can tell you, though, is I had one person, I was at a conference I was laying the book, the Profound Stories book was laying around, and I guess I came back, he was at a booth, and he read it, and he goes, "John, can I talk to you about your book?" I'm like, "What?" He goes, "I don't know." I'm like, "Oh, dude, you can't read that book without reading 'Deming's Journey to Profound Knowledge'. It would be a terrible book if you didn't know what the premise was for where it came from." So, yeah.   1:01:59.7 Andrew Stotz: So in wrapping up, what would you like to leave the audience with from this discussion and from your journey into the teachings of Dr. Deming?   1:02:11.3 John Willis: Yeah, I think you have to start thinking about... And again, I know it sounds like I'm trying to sell the book and you're doing a better job than I am anyway but the last third of 'Deming's Journey to Profound Knowledge' was what would Deming do had he survived another 20 years? Right? And probably nothing because he was pretty old and not healthy. But the... So, I mean, question then is, as we think about organizational behavior, what are the core things? And I think Profound Knowledge is a great way. I, again I... Again, I don't walk in and say, "Oh, we're gonna... CIO, we're gonna solve this problem by applying the four elements of Profound Knowledge." That's not how I start that conversation. But I'm certainly thinking about systems thinking because that's first and forefront. Like, how are you thinking about... Like one company recently I was with, they got... Some of the big AI providers are giving well-branded companies all-you-can-eat AI. Like OpenAI is saying, "Hey, you know..." That's a terrible idea, terrible, terrible. Because now you're just building technical debt up the gazoo, right? So again, to be able to see the forest behind the trees, what's the systems thinking effect of that? How are you learning? What's the epistemology, the theory of knowledge behind that?   1:03:39.2 John Willis: Are you applying... In the book, I tried to codify my understanding of, like, the theory of knowledge is, how do we know what we think we know? The variation is, how can we see what we think we know? The psychology is, what are the... Let's take a second and what are the blind spots? And then I think of it as a feedback loop is, are we continually like if you listen to Bill Bellows, he does a great job of sort of explaining systems thinking through the sort of vehicle of Taguchi or Ackoff but are we just continually looping through that process as, "Let's take a bigger chunk, let's take a bigger chunk, let's take a bigger chunk"? So Profound Knowledge, not so much that you have to walk in and be an expert on 'Deming's Journey to Profound Knowledge', or more specifically, The System of Profound Knowledge. The idea is, can you use those... And the reason I fell in with 'The System of Profound Knowledge', why that was what hit my core, because I will say, out of my five decades of doing all this crazy stuff in technology, I can't think... I mean, there's a lot of cool frameworks that I use as auxiliary, and frameworks I'm using loosely but The System of Profound Knowledge is the one framework that to me beats all other frameworks because it covers epistemology, it covers understanding statistical analysis or analytical statistics. Right? Which is very important. It brings in the biases, the... All the sort of things about how people think, blind spots, and then it throws together the wrapper of appreciation of a system, so...   1:05:23.2 Andrew Stotz: Yeah. Well, John, on behalf of everyone at the Deming Institute, now you see your picture on the cover.   [laughter]   1:05:32.2 John Willis: There we go, man.   1:05:33.7 Andrew Stotz: I wanna thank you. It's a great discussion and it's long overdue.   1:05:37.7 John Willis: Sure.   1:05:37.9 Andrew Stotz: And for listeners, remember to go to deming.org and jump into DemingNext to continue your journey. This is your host, Andrew Stotz, and I'll leave you with one of my favorite quotes from Dr. Deming, which is, "People are entitled to joy in work."   1:05:42.4 John Willis: I love that you end with that.   

This is a free preview of a paid episode. To hear more, visit andrewsullivan.substack.comJake is a journalist and a dear old friend, starting in our early days as interns together at TNR. He's the former longtime editor of Slate and the co-founder of the podcast company Pushkin Industries. He's also the chairman of The Committee to Protect Journalists and a regular contributor to the New York Review of Books. His new book is called Profiles in Cowardice: A Study of Collaboration in the Trump Era.A polished transcript is here, including money quotes. Below are timestamps for the main sections of the pod:* 04:09: Jake's background that made him especially attuned to corruption and totalitarianism* 18:45: Contrasting the craven Lindsey Graham with the principled Liz Cheney* 25:45: How Megyn Kelly — and others demonized by the left — came to support Trump* 35:15: Liberal lawyers like Brad Karp who needlessly bent the knee* 45:52: Debating the culpability of colleges targeted by Trump* 53:36: Jeff Bezos' 180 and his lifelong obsession with space travel* 58:43: The abomination of January 6th and McConnell caving over the impeachment* 102:28: Debating the culpability of John Roberts for Trump's success* 117:26: Reminiscing on our early days at TNR and the genius of Mike KinsleyFor two clips of the episode — on why McConnell balked at banning Trump, and how Megyn Kelly became a bully — head to our YouTube page.Other topics: growing up in Chicago with public servants for parents; his dad taking on the Daley machine; Jake's talent for takedowns back at TNR; South Park mocking Trump; Stop the Steal and Jan 6; Biden's clusterfuck campaign; the Cheneys backing Harris; Trump's retribution; the weakness of Schumer; McCain's nonconformity; Massie's cojones; the university deals with Trump; his talent as a bully; higher ed's dearth of viewpoint diversity; anti-semitism in the Ivy League; Musk and the big subsidies for SpaceX; decimating USAID and PEPFAR; Bezos funding the Melania doc; SCOTUS checking tariffs; the presidential immunity ruling; the post-presidencies of Bush and Obama; and the one magazine piece I would never write.Browse the Dishcast archive for an episode you might enjoy. Coming up: Emily Eakin on the French postmodernists, Sean Illing on the relevance of Camus and Nietzsche, Michael Lewis on the bureaucrats who fought back against Trump, and Evan Barker on how the Democratic Party got hijacked by elite activists. Please send any guest recs, dissents, and other comments to dish@andrewsullivan.com.

This is a free preview of a paid episode. To hear more, visit andrewsullivan.substack.comArianna is a writer and businesswoman. She co-founded The Huffington Post in 2005, and after it was acquired by AOL, she became the president and editor-in-chief of The Huffington Post Media Group. She's currently the CEO of Thrive Global and the author of 15 books, including Thrive and The Sleep Revolution.A polished transcript is here, including money quotes. Below are timestamps for the main sections of the pod:5:05: Arianna's meteoric rise at a young age and challenging left-feminism28:05: IQ, meritocracy, and what sets humans apart from AI50:10: A crisis of meaning and the “false god of productivity”114:07: The importance of sleep and how to improve itFor two clips of the episode — on the desperate need for grace in our discourse, and how to sleep better — head to our YouTube page.More topics: Arianna's upbringing in Greece; her dad's anti-Nazi magazine in WWII; the power of maternal love; her time at the Cambridge Union as its first foreign prez; her first book The Female Woman; her love affair with Bernard Levin; the feminism of the Gospels; meritocracy; AI surpassing us in intelligence; our culture's distrust of nature; Arianna's burnout in 2007 and my own in 2015; silent meditation retreats; Matthew Crawford and craftsmanship; Loren Eiseley the anthropologist; mental illness; psychedelics; God as love; Maslow's pyramid; and Arianna giving me tips for my insomnia.Browse the Dishcast archive for an episode you might enjoy. Coming up: Emily Eakin on the French postmodernists, Sean Illing on the relevance of Camus and Nietzsche, Jake Weisberg on the cowards who caved to Trump, and Michael Lewis on the bureaucrats who fought back. Please send any guest recs, dissents, and other comments to dish@andrewsullivan.com.

This week, Jesus tells the story of workers who put in very different hours and somehow receive the exact same pay. Fair? Not exactly. And that's the point. Peter Walsh and Rob Schwartz explore what this parable reveals about our tendency to keep score, decide who deserves what, and turn someone else's blessing into our grievance.Questions for ReflectionThemes & ApplicationThe conversation connects the workers who negotiate their wage with Peter's earlier question to Jesus: We have left everything to follow you, so what will we get? Where are we tempted to approach God with the same kind of spiritual accounting system? The workers hired late in the day have not necessarily refused to work. They tell the landowner, “No one has hired us.” How might this challenge the stories we tell about people who have been overlooked, excluded, or fallen behind?The first workers receive exactly what they were promised. Their anger begins when they see the landowner give the same amount to someone else. Why can another person's blessing sometimes feel like something has been taken from us? Personal ReflectionHave you ever found yourself thinking, I worked harder, I paid my dues, or they don't deserve that? What was underneath that reaction?The episode discusses the biblical image of the “evil eye”: seeing another person's good fortune and turning it into our own grievance. When have you experienced that reaction in yourself? What might help you see differently? Think of a time when you felt overlooked, passed over, or chosen last. How does the image of the landowner repeatedly returning to the marketplace affect the way you understand that experience?Broader Spiritual ConsiderationsPeter argues that the story ultimately isn't about calculating the proper wages of the workers. It reveals a God whose goodness exceeds our systems for deciding what people deserve. How does that change the way you understand divine justice?“Is your eye evil because I am good?” What would it mean to read this as a question Jesus asks each of us? Can God's goodness actually expose something unhealthy within us?Peter and Rob notice something peculiar: strictly speaking, everyone in this parable ends up receiving the same thing. What if the kingdom isn't ultimately about reversing the hierarchy, but dismantling the hierarchy itself? References & ResourcesVocabularyDenarius — A Roman coin commonly associated with a day's wage for a laborer.Transactional Faith — An approach to one's relationship with God based on an exchange: If I believe, behave, sacrifice, or serve in the right way, God owes me a particular reward.Grace — God's freely given love and forgiveness; not something earned according to merit. Evil Eye — A biblical expression associated here with envy or begrudging another person's good fortune. Day Laborer — A worker hired and paid one day at a time. Books and AuthorsThomas G. Long — Peter draws on Long's interpretation of the parable, particularly in discussing justice, the character of God, and the language behind the landowner's questions.Michael Lewis, Moneyball: The Art of Winning an Unfair Game — Rob uses the story of Billy Beane and the Oakland Athletics to illustrate how systems can overlook people because they are measuring value according to limited or faulty criteria. (Watch the Trailer) (Read the Book)Images & ConceptsLady Justice — Discussed as an image of impartial, “blind” justice and contrasted with the parable's vision of God's generosity.Learn more about St. Mark's at https://www.stmarksnewcanaan.org

The Bayeux Tapestry is not just an artwork; it's a narrative woven into the fabric of history, capturing a pivotal moment in the Norman Conquest of England. In a recent episode of the History with Jackson podcast, host Jackson welcomed author Michael Lewis to discuss the tapestry's origins, purpose, and the stories it tells.Grab a copy of The Bayeux Tapestry here https://uk.bookshop.org/a/14692/9780500299227If you want to get in touch with History with Jackson email: jackson@historywithjackson.co.ukTo support History with Jackson to carry on creating content subscribe to History with Jackson+ on Apple Podcasts or support us on our Patreon!To catch up on everything to do with History with Jackson head to www.HistorywithJackson.co.ukFollow us on Facebook at @HistorywithJacksonFollow us on Instagram at @HistorywithJacksonFollow us on X/Twitter at @HistorywJacksonFollow us on TikTok at @HistorywithJackson Hosted on Acast. See acast.com/privacy for more information.

This is a free preview of a paid episode. To hear more, visit andrewsullivan.substack.comAzam is an international investigative reporter for the New York Times. He used to be the Times bureau chief in Afghanistan, as well as Mexico, Central America, and the Caribbean. He won a Pulitzer last year for his work on the US intervention in Afghanistan, among other awards. He's also the author of Fear Is Just A Word: A Missing Daughter, a Violent Cartel, and a Mother's Quest for Vengeance. I discovered him simply by reading the paper and noticing an extraordinary ability to ferret out the truth. In conversation, Azam did not disappoint. A polished transcript is here, including money quotes from the chat. Below are timestamps for the main sections of the pod:05:23: Growing up in a Pakistani family in a small-town Virginia10:36: The value of fiction over nonfiction22:26: Azam's time reporting on Wall Street, and then the horrors in Afghanistan46:24: A deep dive into a terrifying new wave of synthetic drugs1:03:56: The violent settlers in the West Bank and the Israeli officials speaking outFor two clips of the episode — on the new wave of dangerous drugs, and the Israeli government arming the West Bank settlers — head to our YouTube page.Other topics: the lack of bigotry in Azam's upbringing in the South; how UVA was more tribal than his high school; the war on terror; nation-building; how little the US understood Afghanistan; funding warlords against the Taliban; not talking to Taliban officials; US propaganda and lies; a story of suicide; Estonia beating fentanyl; the mega-potency of new drugs like nitazenes; drug-soaked paper causing overdoses in US prisons; why targeting suppliers doesn't work anymore; harm reduction and Narcan; methadone; decriminalization in Portugal; the popularity of weed; the cynicism and evil of Hamas; dead kids in Gaza and US bombs; the depravity of Ben-Gvir; high-ranking Israelis against the settlements; and Bibi's polling for the coming election.Browse the Dishcast archive for an episode you might enjoy. Coming up: Emily Eakin on postmodernism, Jake Weisberg on the cowards who caved to Trump, Michael Lewis on the federal workers who fought back, and Arianna Huffington on living well. Please send any guest recs, dissents, and other comments to dish@andrewsullivan.com.

In a few day's time the Bayeux Tapestry goes on show at the British Museum in London. The famous embroidery that depicts the Norman conquest of England has returned to the country where it was stitched for the first since it was made almost a thousand years ago.  It was created by defeated Anglo-Saxon women, commissioned by their Norman conquerors, and they stitched it to serve a very particular political purpose. We will never know their names but they made one of the most extraordinary works of art to survive from early medieval Europe. Down the centuries it has exerted a powerful hold over many imaginations: it was taken to Paris by Napoleon to rally his troops as he planned to invade Britain, and later eyed by Hitler for the same reason. But the Tapestry is much more than a beautiful object. It is a brilliant piece of communication and in this episode, with the help of Michael Lewis, Curator of the Bayeux Tapestry at the British Museum, we look at the labour behind it and the story it was designed to tell. For more information about this episode and pictures of the people and places mentioned in this episode please go to https://hapticandhue.com/tales-of-textiles-series-8/  And if you would like to find out about Friends of Haptic & Hue with an extra podcast every month hosted by Jo Andrews and Bill Taylor – here's the link: https://hapticandhue.com/join/  

In this week's episode, George Osborne and Ed Balls broadcast from the magnificent Bayeux Tapestry exhibition at the British Museum - the only podcast allowed in the space. Joined by curator Michael Lewis, they discuss the dramatic diplomacy that saw the delicate masterpiece travel from France to Britain, the real story this 70 metre long tapestry tells and the parallels with politics today. They then turn from 1066 to 2026, with our new prime minister facing the Commons for the first time, they assess Burnham's early premiership. The pair praise his confidence in the role, but caution he has big challenges that could destabilise him; namely, early prison releases and a critical budget.Finally, they do a health check on the major opposition parties. Can Zack Polanski take Keir Starmer's old seat? Will Kemi Badenoch's reshuffle cement the Tories as the main opposition? And, can Reform's conference this weekend put an agonising summer of scandal behind them?We love hearing from you, so please don't forget to send all your EMQs to questions@politicalcurrency and make sure to include a voice note of your question or send a question to our social media handles:

Entradas ya disponibles del primer evento de Salud Financiera: https://comunidadsaludfinanciera.comBienvenidos a Salud Financiera. Un programa diario dónde puedes aprender y preguntar sobre finanzas personales y mercados financieros.En este episodio te cuento lo que aprendí tras la lectura del libro Deshaciendo Errores de Michael Lewis sobre la vida y obra de Kahneman y Tversky. Apoya al podcast siendo Patreon: https://www.patreon.com/c/SaludFinanciera645No te pierdas nada de nuestra comunidad: https://linktr.ee/misaludfinancieraCurso de Análisis Práctico de Fondos de Inversión: https://tr.ee/EQwII4Curso de ETFs disponible en https://hotmart.com/es/marketplace/productos/de-cero-a-inversor-en-etfs/U91482169YCurso de Fondos disponible en https://hotmart.com/es/marketplace/productos/de-cero-a-inversor-en-fondos/O93564337IPuedes enviar tus preguntas al email preguntas.saludfinanciera@gmail.com o el teléfono 614239639.Colaboradores del PodcastIndexa Capital: https://bit.ly/indexacapitalsaludfinancieraTrade Republic: https://trade.re/saludfinancieraEBN Banco: https://bit.ly/ebn-clases-limpiasEnlaces de interéshttps://link.amazon/B002Spk7Whttps://fundipp.org/daniel-kahneman/https://www.rtve.es/play/audios/fin-de-mes/https://es.wikipedia.org/wiki/Amos_Tverskyhttps://es.wikipedia.org/wiki/Daniel_Kahneman

Entradas ya disponibles del primer evento de Salud Financiera: https://comunidadsaludfinanciera.comBienvenidos a Salud Financiera. Un programa diario dónde puedes aprender y preguntar sobre finanzas personales y mercados financieros.En este episodio te cuento la historia del colapso de FTX a través de los ojos del libro "Hacia el Infinito" de Michael Lewis. Apoya al podcast siendo Patreon: https://www.patreon.com/c/SaludFinanciera645No te pierdas nada de nuestra comunidad: https://linktr.ee/misaludfinancieraCurso de Análisis Práctico de Fondos de Inversión: https://tr.ee/EQwII4Curso de ETFs disponible en https://hotmart.com/es/marketplace/productos/de-cero-a-inversor-en-etfs/U91482169YCurso de Fondos disponible en https://hotmart.com/es/marketplace/productos/de-cero-a-inversor-en-fondos/O93564337IPuedes enviar tus preguntas al email preguntas.saludfinanciera@gmail.com o el teléfono 614239639.Colaboradores del PodcastIndexa Capital: https://bit.ly/indexacapitalsaludfinancieraTrade Republic: https://trade.re/saludfinancieraEBN Banco: https://bit.ly/ebn-clases-limpiasEnlaces de interéshttps://saludfinanciera.substack.com/p/ascenso-y-caida-de-ftx-lo-que-aprendihttps://link.amazon/B04u6qFkl

Chris Hill is the host of Money Unplugged and a veteran of the podcasting world, having started at The Motley Fool in 2009 and gone on to host and executive produce more than 3,500 episodes. He has interviewed some of the biggest names in business and media, including Michael Lewis, Mark Cuban, and Malcolm Gladwell, and he also narrates Morgan Housel's bestselling books The Psychology of Money and The Art of Spending Money. In this conversation, Chris shares what more than a decade in podcasting has taught him about building an audience, controlling costs, preparing for great interviews, and using a podcast as one of the most powerful networking tools available. On this episode we talk about: How Chris helped launch one of the earliest major investing podcasts during the 2009 financial crisis Why keeping podcast production costs low is critical to building a profitable show The evolution of podcasting from an early, computer-based medium to YouTube and multi-platform distribution How a podcast can become a powerful networking and relationship-building tool Why thorough interview preparation can transform a conversation and help guests get off autopilot The connection between money and personal experiences, emotions, relationships, and psychology Top 3 Takeaways Keep your podcast costs proportional to your goals. Chris emphasizes setting a specific financial allocation for a side hustle or podcast and avoiding the temptation to continually invest more money when things aren't working. Use your podcast to build relationships, not just an audience. Inviting someone onto a podcast gives you a legitimate reason to connect with people you admire, expand your network, and create conversations that might never happen over a traditional coffee chat. Preparation creates better conversations. The goal isn't simply to book impressive guests—it's to make the conversation memorable. Researching a guest deeply allows you to ask questions they haven't heard before and move beyond their standard talking points. Notable Quotes "The less expensive your podcast is to produce, the more profitable it's gonna be." "Personal finance is more personal than finance." "They will be delighted if you're not asking the same four questions or telling the same three stories that they tell on all the other interviews." Connect with Chris Hill: Website: https://www.moneyunpluggedpodcast.com/ Other: Money Unplugged — available wherever you listen to podcasts, with new episodes every Friday A Word from Our Sponsors: - Go to Leesa.com for 25% OFF select mattresses (through August 23, 2026) PLUS get an extra $50 off with promo code TMM, exclusive for my listeners  Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode, William Green speaks with Victor Haghani, founder & CIO of Elm Wealth & author of The Missing Billionaires: A Guide to Making Better Financial Decisions. Victor's journey is among the most remarkable & instructive in modern investment history. As one of the founders of Long-Term Capital Management, he experienced dazzling success & devastating failure. Today, he oversees billions of dollars using a low-cost, diversified, index-driven strategy that reflects hard-won lessons about resilience, humility, simplicity & risk management. IN THIS EPISODE YOU'LL LEARN: (00:00:00) Intro(00:04:17) How Victor Haghani's tumultuous family history shaped him.(00:14:02) What he learned as a star trader on Salomon's famed arbitrage desk.(00:22:56) How he honed his skills by playing high-stakes games of Liar's Poker.(00:30:35) How Long-Term Capital Management hit the jackpot—for a while.(00:46:04) How Russia's default in 1998 sparked a cascading disaster.(00:49:18) Why he defends the fund's enormous appetite for leverage & risk.(00:52:20) What he views as the real lessons of the fund's collapse.(00:58:21) How the concept of expected utility can improve our financial decisions.(01:11:09) Why he fell out of love with exotica like private equity & hedge funds.(01:13:22) What troubles him about the traditional, static approach to indexing.(01:18:52) Why he favors a “dynamic asset allocation” based on risks & rewards.(01:27:21) How his firm's current allocations reflect a wary view of US equities.(01:40:45) What he's learned about overcoming adversity & finding happiness. Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES Inquire about William Green's ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Richer, Wiser, Happier Masterclass⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Victor Haghani's investment firm, Elm Wealth. Victor Haghani & James White's book “The Missing Billionaires.” Michael Lewis' book, “Liar's Poker.” Roger Lowenstein's book, “When Genius Failed.” Daniel Gilbert's book, “Stumbling on Happiness.” Viktor Frankl's book, “Man's Search for Meaning.” William Green's book, “Richer, Wiser, Happier” – read the reviews of this book. Follow William Green on X. Related ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠books⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ mentioned in the podcast. Ad-free episodes on our ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Premium Feed⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. NEW TO THE SHOW? Get smarter about valuing businesses through ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠The Intrinsic Value Newsletter⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Follow our official social media accounts: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠X⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ | ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠LinkedIn⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ | ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Facebook⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Try our tool for picking stock winners and managing our portfolios: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠TIP Finance⁠⁠⁠⁠⁠⁠⁠⁠. Enjoy exclusive perks from our ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠favorite Apps and Services⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. SPONSORS  Support our free podcast by supporting our sponsors: Plaud Plus500 Netsuite Scribe References to any third-party products, services, or advertisers do not constitute endorsements, and The Investor's Podcast Network is not responsible for any claims made by them. Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

We’re on vacation this week.  So we’re publishing one of my favorite Blog/Videos that’s been on my mind lately. I highly recommend you watch the video version of this podcast. Click on the link to go to the video. I won a few big matches on my high school Tennis team, but I was never awesome. I never won the big tournaments. What killed me was that I always had more fun and played better in practice than in big matches when pressure made my muscles tight. For the last few months, I've been fascinated by a discovery a tennis pro made 50 years ago that's revolutionizing how people perform under pressure. It started when I listened to “The Coach in Your Head,” an episode from Michael Lewis's “Against the Rules” podcast. Check out the video I made breaking down the whole story on my YouTube channel, I Learned It on a Podcast. We all experience this. Job interviews, presentations, equipment demonstrations. We “play tight” when stakes are high, performing worse at the very things we've trained for. Tim Gallwey figured out why this happens. In 1974, he published The Inner Game of Tennis, decades before today's coaching boom. Like me, he was skilled but didn't perform his best when it mattered most. While teaching tennis at a country club during summer break, he had a profound realization. Instead of giving a student technical instructions for hitting topspin, Gallwey stayed quiet and just tossed balls for 3-4 minutes. Suddenly, the guy was hitting perfect topspin shots. His next lesson, he told a complete beginner to shut her eyes and see herself hitting the ball. She executed perfectly, naturally doing everything he would have taught her. His realization was simple. Performance isn't about more instruction. It's about eliminating mental interference. This method became known as mind coaching. It helps people notice when thoughts create tension and worry, then redirects focus to what's actually useful. Michael Lewis's daughter Dixie, a competitive softball player, worked with a mind coach who transformed her brutal self-talk from “don't screw up” to “loose and aggressive.” When she focused on that positive phrase, her muscles could work instead of being locked up by tension. I've started trying to apply the “loose and aggressive” mindset in my daily life. I think about it in my morning routines, content creation, and business negotiations. Recently, teaching my 3-year-old to throw a frisbee, instead of explaining technique, I demonstrated it to him a few times and said “just watch and do it.” In minutes he was doing it–of course in his own way with two hands, but he was really doing it, probably better than if I'd verbally instructed him Today mind coaches work with firefighters developing mental routines for emergencies, executives learning to compete rather than just manage. Perhaps this week, try to feel where you are playing tight. Maybe you'll notice you're so focused on not failing that you can't access what you actually know. Or, if you're coaching other people, you might ask what they noticed instead of listing what they did wrong. The big puzzle I find is to not let yourself get tight about trying to be loose. It just creates more of the same problem. Question: Do you perform well under pressure? What is your secret? The post Why We Choke Under Pressure — And How to Fix It-EP 250 appeared first on Today's Machining World.

The Consumer Price Index determines your grandmother's Social Security, your SNAP benefits, your divorce settlement, and — historically, at least — whether the president keeps his job. It is also, according to British journalist and novelist John Lanchester, intellectually thrilling. In the fourth episode of our Unsung series, Kelly talks with the writer The Economist called "a down-to-earth and witty guide to the most complicated ideas of our time" about what it means to live in a country that counts everything — and what happens when we start to lose faith in the numbers.If you haven't yet, pick up Michael Lewis's Who Is Government? and John Lanchester's new novel Look What You Made Me Do (Norton, May 2025).To connect with Kelly and get a list of her weekly takeaways, join Kelly's free Substack.

There are people working inside the federal government right now solving problems so enormous and so unglamorous that most of us will never know their names — or what we owe them. In the first episode of our new series Unsung — inspired by Michael Lewis's book, Who Is Government? — Kelly talks with Max Stier, CEO of the nonpartisan Partnership for Public Service, about who these people are, what drives them, and what we stand to lose if we stop paying attention.To connect with Kelly and get a list of her weekly takeaways, join Kelly's free Substack.Check out Michael Lewis' book, Who Is Government? HERE

Michael Lewis went looking for the people holding this country together and found something he didn't expect — not just competence, but a kind of devotion so pure it made him want to keep writing about it. In the second episode of our Unsung series, Kelly sits down with one of the greatest storytellers alive to talk about what he's discovered inside the federal government, why the material keeps pulling him back, and what it means to dedicate your life to a problem nobody else thought was worth solving. Also: the story of how a one-man play about his daughter came to be — and why actor Jason Bateman was involved before Michael had written a single word. This episode was recorded in front of a live audience at Partnership for Public Service. Check out Michael's book Who Is Government? The Untold Story of Public Service To connect with Kelly and get a list of her weekly takeaways, join Kelly's free Substack.

This is a special edition of the New York Institute for the Humanities' Vault podcast. On May 13, 2026, Princeton's Center for Human Values hosted a day-long conference titled Audio and Ideas: Exploring the Possibilities for Scholarly Podcasting. It was co-sponsored by Princeton's Journalism program, and the NYU Podcast Initiative. Over the course of four panels, scholars, podcasters, and journalists discuss how academics might employ the techniques of narrative audio as part of their research.   In the fourth panel, Jody Avirgan led a discussion about what it takes for someone to make an academic podcast. Jody Avirgan is a podcast host, producer, and editor. His production company is Roulette Productions; Sara McCrea is a writer, audio producer, and researcher, who leads podcast strategy and production at Random House Publishing Group. She has produced podcasts for Slate, Pushkin Industries, TED Audio Collective, Audible, and the Center for Humane Technology. She created and produced the "Attention Lab" series for the Strother School of Radical Attention, and wrote and produced the award-winning "McCartney: A Life in Lyrics", a 24-episode narrative journey through Paul McCartney's songwriting, hosted by poet Paul Muldoon; Caleb Zakarin is the CEO and Publisher of the New Books Network.; Julia Barton  is an award-winning podcast, audiobook, and radio editor. She was the executive editor of Pushkin Industries, where she helped develop Revisionist History and Against the Rules. She's the editor of Malcolm Gladwell's The Bomber Mafia, Michael Specter's Fauci, and Michael Lewis's unabridged Liar's Poker and companion podcast. Her 2019 series, Spacebridge, was called “dazzling” by The New Yorker. She writes the audio history newsletter, Continuous Wave. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/new-books-network

This is a special edition of the New York Institute for the Humanities' Vault podcast. On May 13, 2026, Princeton's Center for Human Values hosted a day-long conference titled Audio and Ideas: Exploring the Possibilities for Scholarly Podcasting. It was co-sponsored by Princeton's Journalism program, and the NYU Podcast Initiative. Over the course of four panels, scholars, podcasters, and journalists discuss how academics might employ the techniques of narrative audio as part of their research.   In the fourth panel, Jody Avirgan led a discussion about what it takes for someone to make an academic podcast. Jody Avirgan is a podcast host, producer, and editor. His production company is Roulette Productions; Sara McCrea is a writer, audio producer, and researcher, who leads podcast strategy and production at Random House Publishing Group. She has produced podcasts for Slate, Pushkin Industries, TED Audio Collective, Audible, and the Center for Humane Technology. She created and produced the "Attention Lab" series for the Strother School of Radical Attention, and wrote and produced the award-winning "McCartney: A Life in Lyrics", a 24-episode narrative journey through Paul McCartney's songwriting, hosted by poet Paul Muldoon; Caleb Zakarin is the CEO and Publisher of the New Books Network.; Julia Barton  is an award-winning podcast, audiobook, and radio editor. She was the executive editor of Pushkin Industries, where she helped develop Revisionist History and Against the Rules. She's the editor of Malcolm Gladwell's The Bomber Mafia, Michael Specter's Fauci, and Michael Lewis's unabridged Liar's Poker and companion podcast. Her 2019 series, Spacebridge, was called “dazzling” by The New Yorker. She writes the audio history newsletter, Continuous Wave. Learn more about your ad choices. Visit megaphone.fm/adchoices

This is a special edition of the New York Institute for the Humanities' Vault podcast. On May 13, 2026, Princeton's Center for Human Values hosted a day-long conference titled Audio and Ideas: Exploring the Possibilities for Scholarly Podcasting. It was co-sponsored by Princeton's Journalism program, and the NYU Podcast Initiative. Over the course of four panels, scholars, podcasters, and journalists discuss how academics might employ the techniques of narrative audio as part of their research.   In the fourth panel, Jody Avirgan led a discussion about what it takes for someone to make an academic podcast. Jody Avirgan is a podcast host, producer, and editor. His production company is Roulette Productions; Sara McCrea is a writer, audio producer, and researcher, who leads podcast strategy and production at Random House Publishing Group. She has produced podcasts for Slate, Pushkin Industries, TED Audio Collective, Audible, and the Center for Humane Technology. She created and produced the "Attention Lab" series for the Strother School of Radical Attention, and wrote and produced the award-winning "McCartney: A Life in Lyrics", a 24-episode narrative journey through Paul McCartney's songwriting, hosted by poet Paul Muldoon; Caleb Zakarin is the CEO and Publisher of the New Books Network.; Julia Barton  is an award-winning podcast, audiobook, and radio editor. She was the executive editor of Pushkin Industries, where she helped develop Revisionist History and Against the Rules. She's the editor of Malcolm Gladwell's The Bomber Mafia, Michael Specter's Fauci, and Michael Lewis's unabridged Liar's Poker and companion podcast. Her 2019 series, Spacebridge, was called “dazzling” by The New Yorker. She writes the audio history newsletter, Continuous Wave. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/communications

This is a special edition of the New York Institute for the Humanities' Vault podcast. On May 13, 2026, Princeton's Center for Human Values hosted a day-long conference titled Audio and Ideas: Exploring the Possibilities for Scholarly Podcasting. It was co-sponsored by Princeton's Journalism program, and the NYU Podcast Initiative. Over the course of four panels, scholars, podcasters, and journalists discuss how academics might employ the techniques of narrative audio as part of their research.   In the fourth panel, Jody Avirgan led a discussion about what it takes for someone to make an academic podcast. Jody Avirgan is a podcast host, producer, and editor. His production company is Roulette Productions; Sara McCrea is a writer, audio producer, and researcher, who leads podcast strategy and production at Random House Publishing Group. She has produced podcasts for Slate, Pushkin Industries, TED Audio Collective, Audible, and the Center for Humane Technology. She created and produced the "Attention Lab" series for the Strother School of Radical Attention, and wrote and produced the award-winning "McCartney: A Life in Lyrics", a 24-episode narrative journey through Paul McCartney's songwriting, hosted by poet Paul Muldoon; Caleb Zakarin is the CEO and Publisher of the New Books Network.; Julia Barton  is an award-winning podcast, audiobook, and radio editor. She was the executive editor of Pushkin Industries, where she helped develop Revisionist History and Against the Rules. She's the editor of Malcolm Gladwell's The Bomber Mafia, Michael Specter's Fauci, and Michael Lewis's unabridged Liar's Poker and companion podcast. Her 2019 series, Spacebridge, was called “dazzling” by The New Yorker. She writes the audio history newsletter, Continuous Wave. Learn more about your ad choices. Visit megaphone.fm/adchoices

This is a special edition of the New York Institute for the Humanities' Vault podcast. On May 13, 2026, Princeton's Center for Human Values hosted a day-long conference titled Audio and Ideas: Exploring the Possibilities for Scholarly Podcasting. It was co-sponsored by Princeton's Journalism program, and the NYU Podcast Initiative. Over the course of four panels, scholars, podcasters, and journalists discuss how academics might employ the techniques of narrative audio as part of their research.   In the fourth panel, Jody Avirgan led a discussion about what it takes for someone to make an academic podcast. Jody Avirgan is a podcast host, producer, and editor. His production company is Roulette Productions; Sara McCrea is a writer, audio producer, and researcher, who leads podcast strategy and production at Random House Publishing Group. She has produced podcasts for Slate, Pushkin Industries, TED Audio Collective, Audible, and the Center for Humane Technology. She created and produced the "Attention Lab" series for the Strother School of Radical Attention, and wrote and produced the award-winning "McCartney: A Life in Lyrics", a 24-episode narrative journey through Paul McCartney's songwriting, hosted by poet Paul Muldoon; Caleb Zakarin is the CEO and Publisher of the New Books Network.; Julia Barton  is an award-winning podcast, audiobook, and radio editor. She was the executive editor of Pushkin Industries, where she helped develop Revisionist History and Against the Rules. She's the editor of Malcolm Gladwell's The Bomber Mafia, Michael Specter's Fauci, and Michael Lewis's unabridged Liar's Poker and companion podcast. Her 2019 series, Spacebridge, was called “dazzling” by The New Yorker. She writes the audio history newsletter, Continuous Wave. Learn more about your ad choices. Visit megaphone.fm/adchoices

 This week, our guest is Lena Dunham, best known as the creator of Girls, an HBO series about a group of 20-somethings that one critic called “a generational event.” Her most recent television series, Too Much, is about a New Yorker who moves to London to find her way out of heartbreak.On May 17, 2026, Dunham came to the SGT to talk about her memoir, Famesick, with her close friend, journalist Michael Lewis. What looked like an enviable life – critically acclaimed work, a romantic relationship with a major musician – was actually overwhelmed by Dunham's self-doubt - and her chronic pain from undiagnosed physical illness. 

Michael Lewis' acclaimed best seller "Moneyball: The Art of Winning an Unfair Game" may not have been obvious source material for a major Hollywood screen adaptation. After all, the book was about sabermetrics, how empirical and statistical analysis was being deployed to identify overlooked talent. Producer Brad Pitt was determined to develop this fascinating story about challenging anecdotal wisdom of old school baseball thinking; and by casting himself as Oakland A's general manager Billy Beane, he gave himself the role of a lifetime. Ad executive, baseball fan and former colleague Michael Stoopack joins the show to celebrate what is widely considered one of the great cinematic achievements of the 21st century. How can you not be romantic about baseball? Hosted on Acast. See acast.com/privacy for more information.

AI commoditises knowledge production and throws judgment into scarcity. In this episode, Ed Smith asks what that means for sport, education and the people building careers in the business — and why the humanities might be the most undervalued edge in an age of machines.About the guestEd Smith is an unusual hybrid in today's sports world. An academic, he left Cambridge with a Double First in History, and is the author of several excellent books including Luck, Making Decisions and What Sport Tells Us About Life. He served as Chief Selector for England men's cricket from 2018 to 2021, and is the current President of the MCC. In 2019 he co-founded the Institute of Sports Humanities, which offers the Strategic Sport Leadership Master's — a programme designed for ambitious sports industry executives looking to accelerate their careers while continuing to work. Applications for the next cohort, starting at the end of September, are now open: sportshumanities.orgWhat we coverThe Moneyball hangover. Why the lazy reading of Billy Beane — "scouts are idiots, if it's not data it's not real" — was always wrong, and how elite sport has swung back to data as one source among many, not the whole story.The limits of scientism. Ed on "creeping scientism," the idea that nothing's true unless it can be proved — and why some decisions (COVID policy, selection calls) carry intrinsic radical uncertainty that probability can't resolve.Can judgment be taught? The case that the entire humanities tradition — criticism, history, weighing competing evidence — is really an apparatus for honing judgment, the skill AI makes scarce rather than obsolete.Orchestration and the curated platform. What happens when a creative questioner goes straight to a powerful AI platform with curated data — near-instant insight — and why the bottleneck becomes asking the right question.The apprenticeship gap. If AI absorbs the entry-level rungs of knowledge work (in law, in sport), how does anyone climb to the judgment seat at the top? Ed's two answers: institutionalised challenge, and getting your hands dirty early.Sport as the last human product. Why Ed is "long sport" in the age of AI — live, embodied, uncertain competition as the most anti-fragile asset there is — and why the Tech Titans buying into London Spirit were buying the green grass, not the gadget.The purpose problem. As production gets frictionless, meaning becomes the scarce good. Where the humanities, the arts and sport come into their own.Careers without bosses. Charles Handy's "look for customers, not bosses," the death of the 50-year career path, and what an ideal student looks like: someone who doesn't know what's coming but trusts they can cope with it.People, books & ideas referencedJohn Kay & Mervyn King, Radical Uncertainty · Peter Bernstein, Against the GodsIain McGilchrist, The Matter With Things (and his left-brain/right-brain work)Michael Lewis, Moneyball · Howard Marks, Oaktree memos · Charles HandyInstitute of Sports Humanities — MA delivered with Loughborough University LondonUnofficial Partner is the leading podcast for the business of sport. A mix of entertaining and thought provoking conversations with a who's who of the global industry. To join our community of listeners, sign up to the weekly UP Newsletter and follow us on Twitter and TikTok at @UnofficialPartnerWe publish two podcasts each week, on Tuesday and Friday. These are deep conversations with smart people from inside and outside sport. Our entire back catalogue of 500 sports business conversations are available free of charge here. Each pod is available by searching for ‘Unofficial Partner' on Apple, Spotify and every podcast app. If you're interested in collaborating with Unofficial Partner to create one-off podcasts or series and live events, you can reach us via the website.

LIL #004: How the Ultra-Wealthy Actually Invest Their MoneyThe stock market isn't their strategy. It's their holding tank. Here's what the data reveals.Episode SummaryIn this episode of The Lifestyle Investor Podcast, host Justin Donald breaks down how the wealthiest families in the world actually allocate their portfolios, using data from Goldman Sachs, JP Morgan, and UBS. You'll learn why the ultra-wealthy borrow against stocks instead of selling them, where real wealth is created in inefficient markets, and why the "safe" 60/40 portfolio had one of its worst years in a century.Question of the DayWhat percentage of your portfolio is currently in the stock market vs. alternative investments? Drop a number below - no judgment, just curious where everyone's starting from.Key TakeawaysThe wealthiest families hold over half their net worth in alternatives, not public equitiesBorrowing at 4-5% to invest at 12-15% is how the ultra-wealthy compound without sellingEfficient markets offer no edge for retail investors - inefficient markets are where wealth is createdOne group of Austin centi-millionaires collectively holds just 5% in stocksConcentrate to make money, diversify to keep it - not the other way aroundTimestamped Outline00:00 - Introduction - the shift from public to private markets00:28 - Why wealthy families keep money in stocks (not the reason you think)00:52 - The arbitrage game - borrowing at 4-5% to invest at 12-15%01:38 - Stacking returns - stocks, whole life policies, and compounding leverage01:57 - The stock market as a holding tank, not a strategy02:15 - Efficient markets vs. inefficient markets03:02 - Where the real opportunity lives - private businesses and real estate04:01 - What the ultra-wealthy actually invest in (family office data)05:42 - The Austin centi-millionaire group that holds just 5% in stocks06:46 - Why the 60/40 portfolio era is over07:26 - Concentration to make money, diversification to keep it09:00 - The shift from public to private - and what's coming nextLinks & ResourcesFlash Boys by Michael Lewis (recommended read on retail investor disadvantage)The Lifestyle Investor Lens (weekly newsletter) - https://lifestyleinvestor.com/newsletterConnect & CTAEnjoyed this? Subscribe and leave a review on Apple Podcasts.Every week, The Lifestyle Investor Lens breaks down what's changing in the world of wealth, what the wealthy are doing differently, and how to build passive income that funds your life today: https://lifestyleinvestor.com/newsletterCreditsHost: Justin Donald © 2026 Lifestyle Investor. All rights reserved.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

This is a special edition of the New York Institute for the Humanities' Vault podcast. On May 13, 2026, Princeton's Center for Human Values hosted a day-long conference titled Audio & Ideas: Exploring the Possibilities for Scholarly Podcasting. It was co-sponsored by Princeton's Journalism program, and the NYU Podcast Initiative. Over the course of four panels, scholars, podcasters, and journalists discuss how academics might employ the techniques of narrative audio as part of their research. In the second panel, Chenjerai Kumanyika led a discussion about the aesthetics of podcasting. Professor Kumanyika is an assistant professor at NYU's Arthur L. Carter Journalism Institute, who specializes in using narrative non-fiction audio journalism to critique the ideology of American historical myths about issues such as race, the Civil War, and policing. His podcast Empire City, was chosen by the New York Times as one of the best podcasts of 2024. He was the co-creator, co-executive producer and co-host of Uncivil, a podcast on the Civil War, and he is the collaborator for Scene on Radio's Season 2 “Seeing White,” and Season 4 on the history of American democracy. His current podcast is Unruly Subjects. The panel included Vinson Cunningham, a staff writer at The New Yorker, where he has written about theatre and television. He is a Spring 2026 McGraw Professor of Writing in the Program in Journalism at Princeton University. He is the author of the novel, Great Expectations; Julia Barton is an award-winning podcast, audiobook, and radio editor. She was the executive editor of Pushkin Industries, where she helped develop Revisionist History and Against the Rules. She's the editor of Malcolm Gladwell's The Bomber Mafia, Michael Specter's Fauci, and Michael Lewis's unabridged Liar's Poker and companion podcast. Her 2019 series, Spacebridge, was called “dazzling” by The New Yorker. She writes the audio history newsletter, Continuous Wave. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/new-books-network

This is a special edition of the New York Institute for the Humanities' Vault podcast. On May 13, 2026, Princeton's Center for Human Values hosted a day-long conference titled Audio & Ideas: Exploring the Possibilities for Scholarly Podcasting. It was co-sponsored by Princeton's Journalism program, and the NYU Podcast Initiative. Over the course of four panels, scholars, podcasters, and journalists discuss how academics might employ the techniques of narrative audio as part of their research. In the second panel, Chenjerai Kumanyika led a discussion about the aesthetics of podcasting. Professor Kumanyika is an assistant professor at NYU's Arthur L. Carter Journalism Institute, who specializes in using narrative non-fiction audio journalism to critique the ideology of American historical myths about issues such as race, the Civil War, and policing. His podcast Empire City, was chosen by the New York Times as one of the best podcasts of 2024. He was the co-creator, co-executive producer and co-host of Uncivil, a podcast on the Civil War, and he is the collaborator for Scene on Radio's Season 2 “Seeing White,” and Season 4 on the history of American democracy. His current podcast is Unruly Subjects. The panel included Vinson Cunningham, a staff writer at The New Yorker, where he has written about theatre and television. He is a Spring 2026 McGraw Professor of Writing in the Program in Journalism at Princeton University. He is the author of the novel, Great Expectations; Julia Barton is an award-winning podcast, audiobook, and radio editor. She was the executive editor of Pushkin Industries, where she helped develop Revisionist History and Against the Rules. She's the editor of Malcolm Gladwell's The Bomber Mafia, Michael Specter's Fauci, and Michael Lewis's unabridged Liar's Poker and companion podcast. Her 2019 series, Spacebridge, was called “dazzling” by The New Yorker. She writes the audio history newsletter, Continuous Wave. Learn more about your ad choices. Visit megaphone.fm/adchoices

This is a special edition of the New York Institute for the Humanities' Vault podcast. On May 13, 2026, Princeton's Center for Human Values hosted a day-long conference titled Audio & Ideas: Exploring the Possibilities for Scholarly Podcasting. It was co-sponsored by Princeton's Journalism program, and the NYU Podcast Initiative. Over the course of four panels, scholars, podcasters, and journalists discuss how academics might employ the techniques of narrative audio as part of their research. In the second panel, Chenjerai Kumanyika led a discussion about the aesthetics of podcasting. Professor Kumanyika is an assistant professor at NYU's Arthur L. Carter Journalism Institute, who specializes in using narrative non-fiction audio journalism to critique the ideology of American historical myths about issues such as race, the Civil War, and policing. His podcast Empire City, was chosen by the New York Times as one of the best podcasts of 2024. He was the co-creator, co-executive producer and co-host of Uncivil, a podcast on the Civil War, and he is the collaborator for Scene on Radio's Season 2 “Seeing White,” and Season 4 on the history of American democracy. His current podcast is Unruly Subjects. The panel included Vinson Cunningham, a staff writer at The New Yorker, where he has written about theatre and television. He is a Spring 2026 McGraw Professor of Writing in the Program in Journalism at Princeton University. He is the author of the novel, Great Expectations; Julia Barton is an award-winning podcast, audiobook, and radio editor. She was the executive editor of Pushkin Industries, where she helped develop Revisionist History and Against the Rules. She's the editor of Malcolm Gladwell's The Bomber Mafia, Michael Specter's Fauci, and Michael Lewis's unabridged Liar's Poker and companion podcast. Her 2019 series, Spacebridge, was called “dazzling” by The New Yorker. She writes the audio history newsletter, Continuous Wave. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/art

This is a special edition of the New York Institute for the Humanities' Vault podcast. On May 13, 2026, Princeton's Center for Human Values hosted a day-long conference titled Audio & Ideas: Exploring the Possibilities for Scholarly Podcasting. It was co-sponsored by Princeton's Journalism program, and the NYU Podcast Initiative. Over the course of four panels, scholars, podcasters, and journalists discuss how academics might employ the techniques of narrative audio as part of their research. In the second panel, Chenjerai Kumanyika led a discussion about the aesthetics of podcasting. Professor Kumanyika is an assistant professor at NYU's Arthur L. Carter Journalism Institute, who specializes in using narrative non-fiction audio journalism to critique the ideology of American historical myths about issues such as race, the Civil War, and policing. His podcast Empire City, was chosen by the New York Times as one of the best podcasts of 2024. He was the co-creator, co-executive producer and co-host of Uncivil, a podcast on the Civil War, and he is the collaborator for Scene on Radio's Season 2 “Seeing White,” and Season 4 on the history of American democracy. His current podcast is Unruly Subjects. The panel included Vinson Cunningham, a staff writer at The New Yorker, where he has written about theatre and television. He is a Spring 2026 McGraw Professor of Writing in the Program in Journalism at Princeton University. He is the author of the novel, Great Expectations; Julia Barton is an award-winning podcast, audiobook, and radio editor. She was the executive editor of Pushkin Industries, where she helped develop Revisionist History and Against the Rules. She's the editor of Malcolm Gladwell's The Bomber Mafia, Michael Specter's Fauci, and Michael Lewis's unabridged Liar's Poker and companion podcast. Her 2019 series, Spacebridge, was called “dazzling” by The New Yorker. She writes the audio history newsletter, Continuous Wave. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/education

This is a special edition of the New York Institute for the Humanities' Vault podcast. On May 13, 2026, Princeton's Center for Human Values hosted a day-long conference titled Audio & Ideas: Exploring the Possibilities for Scholarly Podcasting. It was co-sponsored by Princeton's Journalism program, and the NYU Podcast Initiative. Over the course of four panels, scholars, podcasters, and journalists discuss how academics might employ the techniques of narrative audio as part of their research. In the second panel, Chenjerai Kumanyika led a discussion about the aesthetics of podcasting. Professor Kumanyika is an assistant professor at NYU's Arthur L. Carter Journalism Institute, who specializes in using narrative non-fiction audio journalism to critique the ideology of American historical myths about issues such as race, the Civil War, and policing. His podcast Empire City, was chosen by the New York Times as one of the best podcasts of 2024. He was the co-creator, co-executive producer and co-host of Uncivil, a podcast on the Civil War, and he is the collaborator for Scene on Radio's Season 2 “Seeing White,” and Season 4 on the history of American democracy. His current podcast is Unruly Subjects. The panel included Vinson Cunningham, a staff writer at The New Yorker, where he has written about theatre and television. He is a Spring 2026 McGraw Professor of Writing in the Program in Journalism at Princeton University. He is the author of the novel, Great Expectations; Julia Barton is an award-winning podcast, audiobook, and radio editor. She was the executive editor of Pushkin Industries, where she helped develop Revisionist History and Against the Rules. She's the editor of Malcolm Gladwell's The Bomber Mafia, Michael Specter's Fauci, and Michael Lewis's unabridged Liar's Poker and companion podcast. Her 2019 series, Spacebridge, was called “dazzling” by The New Yorker. She writes the audio history newsletter, Continuous Wave. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/communications

This is a special edition of the New York Institute for the Humanities' Vault podcast. On May 13, 2026, Princeton's Center for Human Values hosted a day-long conference titled Audio & Ideas: Exploring the Possibilities for Scholarly Podcasting. It was co-sponsored by Princeton's Journalism program, and the NYU Podcast Initiative. Over the course of four panels, scholars, podcasters, and journalists discuss how academics might employ the techniques of narrative audio as part of their research. In the second panel, Chenjerai Kumanyika led a discussion about the aesthetics of podcasting. Professor Kumanyika is an assistant professor at NYU's Arthur L. Carter Journalism Institute, who specializes in using narrative non-fiction audio journalism to critique the ideology of American historical myths about issues such as race, the Civil War, and policing. His podcast Empire City, was chosen by the New York Times as one of the best podcasts of 2024. He was the co-creator, co-executive producer and co-host of Uncivil, a podcast on the Civil War, and he is the collaborator for Scene on Radio's Season 2 “Seeing White,” and Season 4 on the history of American democracy. His current podcast is Unruly Subjects. The panel included Vinson Cunningham, a staff writer at The New Yorker, where he has written about theatre and television. He is a Spring 2026 McGraw Professor of Writing in the Program in Journalism at Princeton University. He is the author of the novel, Great Expectations; Julia Barton is an award-winning podcast, audiobook, and radio editor. She was the executive editor of Pushkin Industries, where she helped develop Revisionist History and Against the Rules. She's the editor of Malcolm Gladwell's The Bomber Mafia, Michael Specter's Fauci, and Michael Lewis's unabridged Liar's Poker and companion podcast. Her 2019 series, Spacebridge, was called “dazzling” by The New Yorker. She writes the audio history newsletter, Continuous Wave. Learn more about your ad choices. Visit megaphone.fm/adchoices

This is a special edition of the New York Institute for the Humanities' Vault podcast. On May 13, 2026, Princeton's Center for Human Values hosted a day-long conference titled Audio & Ideas: Exploring the Possibilities for Scholarly Podcasting. It was co-sponsored by Princeton's Journalism program, and the NYU Podcast Initiative. Over the course of four panels, scholars, podcasters, and journalists discuss how academics might employ the techniques of narrative audio as part of their research. In the second panel, Chenjerai Kumanyika led a discussion about the aesthetics of podcasting. Professor Kumanyika is an assistant professor at NYU's Arthur L. Carter Journalism Institute, who specializes in using narrative non-fiction audio journalism to critique the ideology of American historical myths about issues such as race, the Civil War, and policing. His podcast Empire City, was chosen by the New York Times as one of the best podcasts of 2024. He was the co-creator, co-executive producer and co-host of Uncivil, a podcast on the Civil War, and he is the collaborator for Scene on Radio's Season 2 “Seeing White,” and Season 4 on the history of American democracy. His current podcast is Unruly Subjects. The panel included Vinson Cunningham, a staff writer at The New Yorker, where he has written about theatre and television. He is a Spring 2026 McGraw Professor of Writing in the Program in Journalism at Princeton University. He is the author of the novel, Great Expectations; Julia Barton is an award-winning podcast, audiobook, and radio editor. She was the executive editor of Pushkin Industries, where she helped develop Revisionist History and Against the Rules. She's the editor of Malcolm Gladwell's The Bomber Mafia, Michael Specter's Fauci, and Michael Lewis's unabridged Liar's Poker and companion podcast. Her 2019 series, Spacebridge, was called “dazzling” by The New Yorker. She writes the audio history newsletter, Continuous Wave. Learn more about your ad choices. Visit megaphone.fm/adchoices

Patrick McKenzie reads from his 2022 Bits About Money essay on mortgages, making the case that a mortgage is best understood as a manufactured product, not a simple loan between a bank and a customer. He walks through the assembly line behind every home loan, the loan officer and back-office staff who build the 700-page document. Then he traces the supply chain it gets sold into, where GSEs insure against non-payment risk, servicers buy the right to collect monthly checks, and pension funds and other private capital end up holding the economic exposure, because they want it more than banks do.–Full transcript available here: https://www.complexsystemspodcast.com/mortgages/ –Presenting Sponsors: Mercury & Granola Complex Systems is presented by Mercury—radically better banking for founders. Mercury offers the best wire experience anywhere: fast, reliable, and free for domestic U.S. wires, so you can stay focused on growing your business. Apply online in minutes at mercury.com.If meetings consistently leave you with hazy action items and lost context, Granola handles the transcription so you can actually participate and gives you searchable notes afterward. Try it free at granola.ai/complexsystems with code COMPLEXSYSTEMS–Links:Mortgages are a manufactured product: https://www.bitsaboutmoney.com/archive/mortgages-are-a-manufactured-product/ The 30-Year Mortgage is an Intrinsically Toxic Product: https://byrnehobart.medium.com/the-30-year-mortgage-is-an-intrinsically-toxic-product-200c901746a Michael Lewis' The Big Short: https://www.amazon.com/Big-Short-Inside-Doomsday-Machine/dp/0393338827 –Timestamps:(00:00) Intro(02:26) Mortgages are a manufactured product(04:19) Who manufactures mortgages?(07:08) Who buys mortgages?(07:42) The risk of non-payment(10:08) Sponsor: Mercury | Granola(14:35) The risk of failing to service a mortgage correctly(17:51) Every other risk you could imagine, of which there are many(24:04) Scratching the tip of the iceberg(25:10) More about flow meters(26:24) Wrap

"From the Pressbox" airs every Monday 9am - 10am on 90.3FM WHPC Garden City, New York.  Streaming at www.nccradio.org.  Hosted by Rob Leonard and Tim Leonard, this week they talk about the Knicks winning the 2026 NBA Championship and they talk to Soccer writer Michael Lewis about the World Cup

 This is the 289th episode of my podcast, 'Soccernostalgia Talk Podcast'.  For this episode, I interview American Author and Journalist Mr. Michael Lewis, as we discuss his book, ‘Around the World Cup in 40 Years: An American sportwriter's perspective' (2026))  Mr. Lewis is also the editor of the Substack, ‘Front Row Soccer'. He has covered 13 World Cups (8t men, 5 women), seven Olympics and 28 MLS Cups. He has written about New York City FC, New York Cosmos, the New York Red Bulls and both U.S. national teams and has penned a soccer history column for the Guardian.com. He is the former editor of BigAppleSoccer.com and has written seven books about the beautiful game including ‘Alive and Kicking: The incredible but true story of the Rochester Lancers. ‘   For any questions/comments, you may contact us: You may also contact me on this blog, on twitter @sp1873 and on facebook under Soccernostalgia. https://linktr.ee/sp1873  Mr. Paul Whittle, @real1888letter on twitter and https://the1888letter.com/contact/ https://linktr.ee/BeforeThePremierLeague   You may also follow the podcast on spotify and Apple podcasts all under ‘Soccernostalgia Talk Podcast' Please leave a review, rate and subscribe if you like the podcast. Mr. Lewis' contact info:Twitter (X): @SoccerwriterInstagram: https://www.instagram.com/soccerwriter1/Bluesky: @soccerwriter.bsky.socialSubstack: https://www.frontrowsoccer.com/ Link to Mr. Lewis' books: https://www.amazon.com/Around-World-Cup-Years-sportwriters/dp/B0H1M3NFL4   Listen on Spotify / Apple Podcasts:  https://open.spotify.com/episode/168hzVJvvArJYJdeLk9Z9W?si=69Iu2o__RuWsT7CQ4-M8AA&nd=1&dlsi=abf20ed3713048f5https://podcasts.apple.com/us/podcast/soccernostalgia-talk-podcast-episode-289-interview/id1601074369?i=1000772648594 YouTube Link:  https://www.youtube.com/watch?v=CKqV4H4mUKE Blog Link: https://soccernostalgia.blogspot.com/2026/06/soccernostalgia-talk-podcast-episode_0360464412.htmlSupport the show

Today we talk about the story of Deschutes and we have a very special guest in the house, Mr. Michael Lewis who oversees North Dakota, Minnesota and Wisconsin.  Source. For studio information, visit www.gfbestsource.com – Or message us at – Help support GFBS at this donation link - https://bit.ly/3vjvzgX - Access past BruBruthas Episodes - https://brubruthas.podbean.com/ or now on YouTube - https://www.youtube.com/@shannonAllan-v3m https://brubruthaspodcast.com/ Check out our merchandise store!!! https://my-store-fd2618.creator-spring.com/     #gfbs #gfbestsource #beertalk #brewsandviews #craftbeerchat #hoppyhour #beerloversunite #sudssquad #tastethetap #beergeeksunite #brewingpassion #pintsandpods #brubruthas #certifiedloversofbeer #drinklikeakraken #beerisculture @brubruthas

David Z. Morris is a financial journalist and author of Stealing the Future, a post-trial account of the FTX collapse and the effective altruism ideology behind it.He joins host Aaron Stanley to discuss what the criminal trial revealed that earlier books missed, why Michael Lewis's account functionally serves as a defense of the fraud, and how the ideology that shaped Sam Bankman-Fried continues to circulate under new names.Morris was part of the CoinDesk team that broke the story and later covered the trial for Protos.Topics include the SBF truther movement, speculative but documented questions about Sullivan & Cromwell's intelligence connections, Caroline Ellison's story, stimulant culture at FTX, and how effective altruism has rebranded as "abundance" and "effective accelerationism."Morris argues that EA gave SPF an ethical framework that explicitly justified stealing customer funds - and that the same logic is still being sold to engineers in Silicon Valley today.

Jeremy Marshall from Lagunitas has brought their Trooper West Coast IPA to Brew Ha Ha with Herlinda Heras and Daedalus Howell. Jeremy was on Brew Ha Ha on this episode of November 22, 2018. Lagunitas is putting on an air guitar contest to celebrate the release of their Trooper West Coast IPA. Jeremy will pour from a growler of the Trooper West Coast IPA, drawn straight from the tank. The  air guitar championship is set for 6/6/26. That’s Saturday, June 6, 2026, the same day as the beer release. Herlinda will be one of the judges. It’s a collaboration with Iron Maiden lead singer Bruce Dickerson. He is a beer guy, an entrepreneur, and a motivational speaker too. To register as a contestant, you will need to provide your stage name. Sign up at Eventbrite right here under Lagunitas Trooper, or look on Instagram, Facebook. If you’re interested, act fast, since they will cap the number of contestants. The prize is an actual real guitar, a 50th anniversary edition Fender. Contestants must choose the song they will perform when they register. These are the three songs to choose from:– Hallowed Be Thy Name, 5 to 5½ minutes– Two Minutes to Midnight, 3 minutes– Phantom of the Opera, 6 minutes ++++++Visit Russian River Brewing Co. in Santa Rosa on 4th St. and at their big Windsor location. Check out their website and socials for up-to-date hours, menus, beers and more.++++++ A US Partner for Trooper Ale Robinsons Brewery in England was the first to give the name Trooper to their signature premium ale. There is also a Brazilian Trooper ale. So when Iron Maiden was searching for a US partner, Bruce’s son’s wife told Bruce that Lagunitas was the perfect fit. Eventually Jeremy went to meet them backstage after a concert. He brought a cooler full of samples to share with a who’s who of metal bands. He found that Bruce was quite articulate about what flavors he liked. The Lagunitas Trooper West Coast IPA uses a new hop called Krush. Jeremy likes its flavor profile. He tastes “weed, passion fruit, guava…”  It was HBC586 in development and now it's Krush. Watch out for a 100% Krush Beer for the radio station The Krush KRSH 95.9! Jeremy confirms that Heineken is letting Lagunitas be Lagunitas. Heineken is the only worldwide beer company that is still majority owned by the family. Jeremy went to UC Davis and studied brewing science. Michael Lewis and Charlie Bamforth were his teachers. They taught English ale styles, whereas Seibel in Germany is where to learn about lager beers. Lagers are a colder, longer stored style, like Coors Banquet or Budweiser. He describes the students at Davis as Beards versus Vests. Wine guys wore vests and beer guys had beards. Lager and Ale Compared to Lager, Ale is a little fruitier, and louder. If you hop it even more, you get to IPA. They are produced quicker and are more expressive and more popular in America. Wisconsin’s German-American community drove that city’s brewing history, so they made more German Lager styles. After UC Davis, Jeremy’s first beer gig was Lagunitas. Tony asked where else he sent the letter. He wrote to all the breweries that made the beer he drank at Davis. Most were Ales, like Arrogant Bastard from Stone. Jeremy has seen it all at Lagunitas. He knows that in the future, the successful breweries will have great focus and discipline. Other than Lagunitas, Russian River Brewing Co. is an example of that.   

Have you hear of the False Claims Act? This whistleblower statute recovers $2–6 billion per year for taxpayers. But most of us have never heard of it. Well, If you report fraud against the government (a "qui tam" action) and the government recovers, the whistleblower receives 15–25% of the recovery.Sam Buffone is our guest on this episode of Fraudish, he is whistleblower attorney and founder of the Buffone Law Group. Sam spent 9 years at the Department of Justice and helped recover $3 billion in civil fraud enforcement. Kelly met him at the Maryland ACFE conference after being impressed by his last-minute fill-in presentation.Sam describes his role as a translator: whistleblowers come to him feeling gaslit, with scattershot observations, and he packages their experience into something that speaks the government's language and directs investigative attention. Cases routinely take years. He works on contingency (no recovery = no fee), which is essential since whistleblowers rarely have the budget to fight corporations.Sam doesn't advertise. Whistleblower clients are scared, isolated, and often don't even know whistleblower attorneys exist as a specialty. He relies on referrals to find the right clients. Whistleblower Programs to KnowSam closed with a rundown of the major programs:False Claims Act — government/healthcare fraud (qui tam)SEC — securities fraudCFTC — commodities and crypto fraudIRS — tax fraudFinCEN — financial crimes, sanctions evasionDOJ Antitrust — illegal cartels (growing)DOJ Criminal Division — catch-all programNHTSA — auto safety/recall issuesResources & References MentionedGoing Infinite by Michael Lewis (FTX/SBF)Who Is Government? compiled by Michael Lewis (long-form essays on public servants)The Big Short (film)My Cousin Vinny — Sam's pick for most legally accurate movieMichael Clayton (film)Tyler Schultz (Theranos whistleblower)James Holzrichter (whistleblower case)Erin BrockovichConnect with Sam BuffoneBuffone Law Group— whistleblower and civil fraud enforcement. Sam encourages anyone who sees something wrong to reach out; initial consultations are free given the contingency model.Links mentioned: https://en.wikipedia.org/wiki/My_Cousin_Vinnyhttps://www.taf.org/https://www.justice.gov/criminal/criminal-vns/case/united-states-v-catherine-kissick

Make sure to follow us on Facebook, Instagram, YouTube For more information: www.collegedalechurch.com/And https://podcasts.apple.com/us/podcast/Collegedale-church/id1441597563?uo=4

In episode two of their ongoing series on The Great Recession, the Shuffle Bois turn to the folks who profited from the collapse of the housing market, as described and immortalized in Michael Lewis' book "The Big Short" and its 2015 film adaptation. After describing the major characters of this story, they then turn to a plot summary of the film, peppering in some digressions on 2000s culture and the nature of sub prime lending companies. Then, as always, they turn to their themes and big ideas, including the enrichment of the contemptible and the noxious social effects of Ayn Rand's objectivist philosophy.Check out our website to search for episodes at: ⁠remembershuffle.com⁠⁠Give Remember Shuffle a follow on Twitter⁠⁠⁠⁠⁠⁠ And on Instagram⁠⁠⁠⁠⁠ ⁠@RememberShufflePod⁠⁠⁠⁠⁠⁠ to interact with the show between episodes. It also makes it easier to book guests. And be sure to check out our ⁠Patreon⁠!Bibliography:Bethany McLean and Joseph Nocera, All the Devils are Here (New York: Penguin), 2011Gregory Zuckerman The Greatest Trade Ever Made (New York: Crown Business), 2010Michael Lewis, The Big Short (San Francisco: Hyperink), 2012

Author Michael Pollan ("A World Appears") discussed the science of consciousness and the human experience with bestselling author Michael Lewis. This event took place at the New Orleans Book Festival at Tulane University. Learn more about your ad choices. Visit megaphone.fm/adchoices

Author Michael Pollan ("A World Appears") discussed the science of consciousness and the human experience with bestselling author Michael Lewis. This event took place at the New Orleans Book Festival at Tulane University. Learn more about your ad choices. Visit megaphone.fm/adchoices

The Care Advocates is brought to you by the All Home Care Matters Media team and focuses on providing family caregivers and their loved ones with support, resources, and discussion on the issues facing them in the matrix of long-term care.   The Care Advocates are co-hosted by Lance A. Slatton & Dr. George Ackerman.   The Care Advocates are honored to welcome Michael Lewis, CFA, MBA as guest to the show.   About Michael Lewis:   Michael Lewis, CFA, MBA is the Chief Behavioral Officer at Family Legacy Financial Solutions and the author of Getting Out of Your Own Way: A Caregiver's Guide to Making Better Financial Decisions. He is also a contributor to The Caregiver's Advocate series. Michael's work focuses on how behavioral finance principles help families navigate emotionally charged financial decisions during caregiving and aging transitions.   About Family Legacy Financial Solutions:   At Family Legacy Financial Solutions, our mission is to help families make confident financial decisions that honor both logic and love. We combine behavioral finance insights with comprehensive planning to guide caregivers, retirees, and family decision-makers through life's most complex transitions.

London Falling by Patrick Radden Keefe is a stunning piece of investigative journalism about a young man whose life is cut short after he becomes entangled in London's dark underworld. Patrick joined us live in Philly to talk about social media, London, access as a journalist, adolescence, storytelling, truth and more with host Miwa Messer. This episode of Poured Over was hosted by Miwa Messer and mixed by Harry Liang.                     New episodes land Tuesdays and Thursdays (with occasional Saturdays) here and on your favorite podcast app. Featured Books (Episode): London Falling: A Mysterious Death in a Gilded City and a Family's Search for Truth by Patrick Radden Keefe Say Nothing: A True Story of Murder and Memory in Northern Ireland by Patrick Radden Keefe Empire of Pain: The Secret History of the Sackler Dynasty by Patrick Radden Keefe Rogues: True Stories of Grifters, Killers, Rebels and Crooks by Patrick Radden Keefe The Big Short: Inside the Doomsday Machine by Michael Lewis  

In this Best of 2025-episode, Best-selling author Michael Lewis discusses his new book, Who Is Government?: The Untold Story of Public Service. As Americans' distrust in the government continues to grow, Lewis' book examines how the government works, who works for it, and why their contributions continue to matter. Jeffrey Rosen, CEO Emeritus of the National Constitution Center, moderates.  This conversation was originally streamed live as part of the NCC's America's Town Hall series on March 26, 2025.  Resources  Michael Lewis, ed., ⁠Who Is Government? The Untold Story of Public Service⁠ (2025)  Michael Lewis, “⁠The free‑living bureaucrat⁠,” The Washington Post (March 2025)  Michael Lewis, “⁠Directions to a journalistic gold mine⁠,” The Washington Post (Nov. 2024)  Michael Lewis, ⁠The Premonition: A Pandemic Story⁠ (2022)  Michael Lewis, ⁠The Fifth Risk ⁠(2018)  ⁠CURE ID  Stay Connected and Learn More  Questions or comments about the show? Email us at ⁠⁠⁠⁠podcast@constitutioncenter.org ⁠⁠⁠⁠  Continue the conversation by following us on social media @ConstitutionCtr    Explore the ⁠⁠⁠⁠America at 250 Civic Toolkit⁠⁠⁠⁠   Explore ⁠⁠⁠⁠Pursuit: The Founders' Guide to Happiness⁠⁠⁠⁠   ⁠⁠⁠⁠Sign up⁠⁠⁠⁠ to receive Constitution Weekly, our email roundup of constitutional news and debate   Follow, rate, and review wherever you listen   Join us for an upcoming ⁠⁠⁠⁠live program⁠⁠⁠⁠ or watch recordings on ⁠⁠⁠⁠YouTube⁠⁠⁠⁠   Support our important work  ⁠⁠⁠⁠Donate 

Greg McKeown is the author of two New York Times bestsellers, Essentialism: The Disciplined Pursuit of Less and Effortless: Make It Easier to Do What Matters Most. 200,000 people receive his weekly 1-Minute Wednesday newsletter, and he recently released The Essentialism Planner: A 90-Day Guide to Accomplishing More by Doing Less. Sponsors:Momentous high-quality creatine for cognitive and muscular support: https://livemomentous.com/Tim (Code TIM for 35% off your first subscription.)Shopify global commerce platform, providing tools to start, grow, market, and manage a retail businessHelix Sleep premium mattresses: https://helixsleep.com/timCoyote the card game​, which I co-created with Exploding Kittens: https://coyotegame.com*Show notes: https://tim.blog/2025/01/09/personal-reboot-greg-mckeown/*For show notes and past guests on The Tim Ferriss Show, please visit tim.blog/podcast.For deals from sponsors of The Tim Ferriss Show, please visit tim.blog/podcast-sponsorsSign up for Tim's email newsletter (5-Bullet Friday) at tim.blog/friday.For transcripts of episodes, go to tim.blog/transcripts.Discover Tim's books: tim.blog/books.Follow Tim:Twitter: twitter.com/tferriss Instagram: instagram.com/timferrissYouTube: youtube.com/timferrissFacebook: facebook.com/timferriss LinkedIn: linkedin.com/in/timferrissPast guests on The Tim Ferriss Show include Jerry Seinfeld, Hugh Jackman, Dr. Jane Goodall, LeBron James, Kevin Hart, Doris Kearns Goodwin, Jamie Foxx, Matthew McConaughey, Esther Perel, Elizabeth Gilbert, Terry Crews, Sia, Yuval Noah Harari, Malcolm Gladwell, Madeleine Albright, Cheryl Strayed, Jim Collins, Mary Karr, Maria Popova, Sam Harris, Michael Phelps, Bob Iger, Edward Norton, Arnold Schwarzenegger, Neil Strauss, Ken Burns, Maria Sharapova, Marc Andreessen, Neil Gaiman, Neil de Grasse Tyson, Jocko Willink, Daniel Ek, Kelly Slater, Dr. Peter Attia, Seth Godin, Howard Marks, Dr. Brené Brown, Eric Schmidt, Michael Lewis, Joe Gebbia, Michael Pollan, Dr. Jordan Peterson, Vince Vaughn, Brian Koppelman, Ramit Sethi, Dax Shepard, Tony Robbins, Jim Dethmer, Dan Harris, Ray Dalio, Naval Ravikant, Vitalik Buterin, Elizabeth Lesser, Amanda Palmer, Katie Haun, Sir Richard Branson, Chuck Palahniuk, Arianna Huffington, Reid Hoffman, Bill Burr, Whitney Cummings, Rick Rubin, Dr. Vivek Murthy, Darren Aronofsky, Margaret Atwood, Mark Zuckerberg, Peter Thiel, Dr. Gabor Maté, Anne Lamott, Sarah Silverman, Dr. Andrew Huberman, and many more.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

On this special episode, we revisit some of our favorite moments from Wednesday episodes in 2025. Scott Payne gets stripped for a wire while undercover, Mark Ronson recalls his rockstar-studded childhood, Blaise Aguirre defines the difficulties of BPD, Mary Claire Haver assembles a toolkit for menopause, Malala Yousafzai struggles to make friends in high school, Michael Lewis laments male anger generated by the gambling industry, Seth Harp tracks stolen cash and corruption in the military, James Kimmel, Jr. advises on a landlord conflict, Dave Mitchell & Chris Feistl infiltrate a Colombian drug cartel, and Andy Roddick mythologizes his serve.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.

Robert Evans is a Living God and can never lie.....Also we talk with Jamie Loftus about Sam Bankman-Fried and beloved biographer to con man Michael Lewis, author of The Big Short. Original Air Dates: 12.5.23 & 12.7.23 Sources: https://www.newyorker.com/books/under-review/michael-lewiss-big-contrarian-bet https://archive.is/GnVkX#selection-2015.0-2029.125 https://archive.is/cZZcN#selection-455.0-523.30 https://www.theguardian.com/books/2023/oct/03/michael-lewis-sam-bankman-fried-crypto-going-infinite https://www.coindesk.com/consensus-magazine/2023/10/02/is-michael-lewis-throwing-out-his-reputation-to-defend-sam-bankman-fried/ https://archive.is/yrvL9#selection-1231.0-1271.105 https://www.theguardian.com/business/2023/nov/02/sam-bankman-fried-trial-key-takeaways https://newsletter.mollywhite.net/p/the-fraud-was-in-the-code https://www.investopedia.com/why-ftx-plan-to-refund-90-percent-of-recovered-assets-doesnt-add-up-to-90-percent-of-what-customers-lost-8362556 https://jacobin.com/2023/11/sam-bankman-fried-convicted-crypto-fraud-michael-lewis https://www.latimes.com/entertainment-arts/books/story/2023-08-15/the-blind-side-michael-lewis-michael-oher-sean-leigh-anne-tuohy-original-review-archiveSee omnystudio.com/listener for privacy information.