Author Michael Lewis. His most recent book is the undoing project a friendship that changed our minds. This is booktv live coverage. Can you hear me . I am hearing echoes. All good . We found out michael is supposed to do a power point presentation, takes half an hour to find the power point presentation. Thank you for being here and the library of congress. Thank you, the chairman of the festival. We will have a little chat, a couple of old friends with 1 million other new acquaintances in the hall. We go way back. Lets Start Talking about you are an art history major at princeton and you go to wall street and do really well. You could have been rich, you know . You could have your own plane this morning. Instead you go into the book business. So you know, it is just an accident, they didnt know each other. This is an opportunity to express all the resentment. This is the undoing project. So the question is why i quit wall street, you knew you wanted i didnt have any plans. And grew u
Pat tens are do divine by prieseest priests and the priests are paid a lot of money for it. That is crazy. The truth is that people dont like taking responsibility for managing making their own Financial Decisions and so theyll always pay these priests, i think, just to get rid of the problem. A they cant get in their heads that not only is that person not an expert, theres no such thing as the expertise. They can get in anywhere head he was a bad expert, he lost my money. Chant get in their head they shouldnt be listening to anybody, and the damage that the intellectual work, the damage that can be done to wall street is minimal. Wall street is responding to psychological deep need and nothing to do with realism. You cant argue it away. So in short, i think the answer is, very little. Host where do you invest your money, just . In a mattress. Host if guest say you think wall street flows on bullshities not sag you dont think the American Economy is a incredible miracle, an engine of w
I retired from nasa. But i help out in certain aspects when there are launches and missions and things. T im still an advocate and supporter of helping our space program. How is your 90acre Serenity Farm in lynchburg . The farm got sold. Im doing other things involved in kids getting outdoors and believing themselves. In here is the cover of the book. Called, chasing space, an astronaut story of grit, grace and second chances. T the author and our guest is leland melvin. Booktv live coverage of the is 7th annual book festival now continues. Well hear from bestselling author, michael lewis. His most recent book, the undoing project. A friendship that changed our mind. This is booktvs live coverage. Can you hear me . Im hearing an echo. Its all good . We just found out michael is supposed to do a power point presentation. That will take us half an houred to find the power point presentation he forgot to bring. Thank you for being here. Thank you to the library of congress. Thank you to d
You were in art history major at princeton; right . Venue go off to wall street a and do really well. Michael, you could have been rich, i mean, you could have your own plane at this point. Instead he went into the book business. Tell us why you did that. Are back about . So you know, joe and i were classmates in college and its an accident that he was asked to interview me. They did know that we knew each other. This is opportunity for joel to express all the resentment he feels. Thats correct. Its actually the undoing of joel and michaell. Yeah, so the question is why i quit wall street. So, i didnt know i wanted what i wanted to do with my life when i was in college unlike you. You knew you wanted to be a journalist and a writer. When i got out i didnt have any plans. It didnt occur to me partly because of how i grew up. I grew up in new orleans where no one really did anything for a living, so it didnt occur to me that i would have to. Hence our history, i mean, it was a place wher
I think that video probably helped to show that. It gives you an opportunity to see, and i think the news reels and things, the images on there, give you an opportunity to see what that was like. What the beginning of world war ii was like in europe, specifically, and of course in japan as well. At the beginning of the semester, i told you guys my mantra. I dont know if you remember that or not, but its all about perspective. Thats how i teach. Thats how i teach history. Thats my mantra when it comes to my own research and scholarship. Its all about perspective. When i talk to you about that at the beginning of the semester, i used world war ii as an example to illustrate that. Were going to come back to that now. The images you saw from the battlefield and from the bombings in europe, thats one perspective. If all you do is see that video, if all you do is hear the stories of the infantry men who were on the beaches in normandy. If all you do is talk about the impact of war on sailors