Michael Lewis

Michael Monroe Lewis (born October 15, 1960)[1][2] is an American author and financial journalist.[3] He has also been a contributing editor to Vanity Fair since 2009, writing mostly on business, finance, and economics. He is known for his non-fiction work, particularly his coverage of financial crises and behavioral finance.

Michael Lewis
Lewis in 2009
Lewis in 2009
Born (1960-10-15) October 15, 1960 (age 60)
New Orleans, Louisiana, U.S.
OccupationNon-fiction writer, journalist
Alma mater
Period1989–present
Notable works
Spouse
Diane de Cordova Lewis
(m. 1985)
(m. 1994)
(m. 1997)
Website
michaellewiswrites.com

Lewis was born in New Orleans and attended Princeton University where he graduated with a degree in art history. After attending the London School of Economics, he began a career on Wall Street during the 1980s as a bond salesman at Salomon Brothers. The experience prompted him to write his first book, Liar's Poker (1989). Fourteen years later, Lewis wrote Moneyball: The Art of Winning an Unfair Game (2003), in which he investigated the success of Billy Beane and the Oakland Athletics. His 2006 book The Blind Side: Evolution of a Game was his first to be adapted into a film, The Blind Side (2009). In 2010, he released The Big Short: Inside the Doomsday Machine. The film adaptation of Moneyball was released in 2011, followed by The Big Short in 2015.

He is the recipient of two Los Angeles Times Book Prizes as well as notable selection features on the New York Times Bestsellers Lists.

Early lifeEdit

Lewis was born in New Orleans, the son of corporate attorney J. Thomas Lewis and community activist Diana Monroe Lewis.[4] He went to Isidore Newman School. He later attended Princeton University and graduated cum laude with a B.A. in art and archaeology in 1982 after completing a 166-page senior thesis titled "Donatello and the Antique."[5] While at Princeton, Lewis was a member of the Ivy Club.[1] He worked with New York City art dealer Daniel Wildenstein for a short while. In an interview with Charlie Rose, Lewis shared that his initial ambition was to become an art historian, but he was quickly dissuaded once he realized that there would be no jobs available for art historians and that even the handful that existed did not pay good salaries.[6]

Lewis subsequently enrolled at the London School of Economics and received an MA in economics in 1985.[7][8] Lewis was hired by Salomon Brothers, stayed for a while in New York for their training program, and then relocated to London where he worked at Salomon's London office as a bond salesman for a few years.[9] He has stated that the journalism found in "clips from The Economist and The Wall Street Journal", during this time, inspired him to explore becoming a writer.[10]

WritingEdit

Lewis described his experiences at Salomon and the evolution of the mortgage-backed bond in Liar's Poker (1989). In The New New Thing (1999), he investigated the then-booming Silicon Valley and discussed obsession with innovation. Four years later, Lewis wrote Moneyball (2003), in which he investigated the success of Billy Beane and the Oakland Athletics. In August 2007, he wrote an article about catastrophe bonds, entitled "In Nature's Casino", that appeared in The New York Times Magazine.[11]

Lewis has worked for The Spectator,[2] The New York Times Magazine, as a columnist for Bloomberg, as a senior editor and campaign correspondent to The New Republic,[12] and a visiting fellow at the University of California, Berkeley. He wrote the Dad Again column for Slate. Lewis worked for Conde Nast Portfolio, but in February 2009 left to join Vanity Fair, where he became a contributing editor.[13][14]

In September 2011, after the successful release of the film adaptation of his book Moneyball, it was reported that Lewis planned to take on "a much more active role in the what could be the next film based on one of his books" and would start writing a script for a Liar's Poker film.[15][16]

During 2013 in Vanity Fair, Lewis wrote on the injustice of the prosecution of ex-Goldman Sachs programmer Sergey Aleynikov,[17] who is given an entire chapter in Flash Boys.[18] Flash Boys, which looked at high-frequency trading of Wall Street and other markets, was released in March 2014.[19]

In 2017, Lewis wrote a series of articles for Vanity Fair in which he described the Trump administration's approach to various federal agencies, including the Department of Energy and the Department of Agriculture. His articles described a sense of incredulity and disillusionment from career civil servants, particularly because of the lack of attention from the Trump administration over the importance of some of their work, and the lack of care, knowledge, experience, and respect from Trump political appointees.[20]

That material was incorporated into his book entitled, The Fifth Risk, which remained on the New York Times best seller list for non-fiction for fourteen weeks,[21] and described the disconnect between the well-prepared plans for transition by the Obama administration and the apparent failure of concern by the incoming Trump administration and his appointees. Along with Energy and Agriculture, this book added Commerce among the main departments described.

In September 2018, a lengthy excerpt from the book was published by The Guardian that used a quote by a top adviser to Trump in its title, and the excerpt was republished again among a review of the most popular articles of the entire year.[22]

In 2018, Lewis wrote and narrated The Coming Storm for Audible Studios, which released the short non-fiction story as part of their new Audible Originals series of audio books.[23]

Broadcasting and podcastsEdit

Lewis's podcast, Against the Rules, first aired on April 2, 2019.[24] The first season comprised seven episodes, each taking on a different aspect of society addressing the concept of fairness "in realms ranging from art authentication to consumer finance".[25] The show often refers to the growing social distrust for authority,[26] and refers to different types of public officials as "referees."[27] Against the Rules was produced by Pushkin Industries, the media company led by journalist Malcolm Gladwell and former Slate executive Jacob Weisberg.

On January 12, 2020, Lewis appeared as one of the castaways on BBC Radio 4's Desert Island Discs.[28]

ReceptionEdit

A best-selling author, Lewis has drawn both supporters and vocal detractors. In a review of Moneyball, Dan Ackman of Forbes said that Lewis had a special talent: "He can walk into an area already mined by hundreds of writers and find gems there all along but somehow missed by his predecessors".[29] A New York Times piece said that "no one writes with more narrative panache about money and finance than Mr. Lewis", praising his ability to use his subject's stories to show the problems with the systems around them.[30]

Critics from outside the financial industry also have criticized Lewis for what they consider to be inaccuracies in his writing. In a 2011 column in The Atlantic, American journalist and sports author Allen Barra takes issue with Lewis' characterization of Major League Baseball in Lewis' book, Moneyball (2003). Barra writes: "From a historical standpoint, Lewis is, well, way off base. By the end of the 20th century baseball had achieved a greater level of competitive balance than at any time in the game's history... Moneyball doesn't just get the state of present-day baseball wrong; it also misrepresents the history of the sport."[31]

Lewis's Flash Boys: A Wall Street Revolt ignited a new round of controversy surrounding high-frequency trading. At a House Financial Services Committee hearing in April 2014, Mary Jo White, former Wall Street insider (as a Debevoise & Plimpton litigations lawyer primarily for Wall Street financial firms),[32] who later served as the U.S. Securities and Exchange Commission (SEC) Chair, denied the theme of the Lewis book, stating: "The markets are not rigged".[33] One month later, in June 2014, White announced that the SEC would undergo a new round of regulatory review in response to concerns about dark pools and market structure.[34]

Lewis's The Undoing Project was widely praised by book critics,[35] with Glenn C. Altschuler arguing in the Pittsburgh Post-Gazette that it "may well be his best book".[36]

Personal lifeEdit

Lewis has been married three times. He married his first wife, Diane de Cordova Lewis, in 1985.[1] His second marriage was to former CNBC correspondent Kate Bohner.[37] In October 1997, he married former MTV reporter Tabitha Soren. With Soren, he has two daughters and one son, and resides in Berkeley, California.[38][39] Lewis is an atheist.[40]

His daughter, Dixie, grew up playing softball and attended Berkeley High School graduating in 2020. In November 2019, she committed to Pomona College and will play on the Pomona-Pitzer softball team.[41]

AwardsEdit

  • 2008 Gerald Loeb Award Honorable Mention for Magazines for "In Nature's Casino"[42]
  • 2009 Gerald Loeb Award for Feature Writing for "The End"[43]
  • 2010 Gerald Loeb Award for Feature Writing for "Wall Street on the Tundra"[44]

BibliographyEdit

See alsoEdit

ReferencesEdit

  1. ^ a b c "Diane deCordova Wed at Princeton". The New York Times. December 29, 1985. Retrieved March 4, 2012.
  2. ^ a b "Michael Lewis". The Writers Directory (fee, via Fairfax County Public Library). Detroit: St. James Press. 2011. GALE|K1649564197. Retrieved March 4, 2012. Gale Biography In Context. (subscription required)
  3. ^ "Michael Lewis author page". Simon & Schuster. Retrieved February 22, 2015.
  4. ^ "The Amazing Life Of Wall Street's Favorite Writer, Michael Lewis". Business Insider. June 2012. Retrieved November 23, 2018.
  5. ^ Lewis, Michael M. Princeton University. Department of Art and Archaeology (ed.). "Donatello and the Antique". Cite journal requires |journal= (help)
  6. ^ Rose, Charlie. "Interview with Michael Lewis". www.charlierose.com. Charlie Rose. Retrieved December 18, 2017.
  7. ^ "Michael Lewis". Greater Talent Network Speakers Bureau. Archived from the original on October 19, 2012. Retrieved March 4, 2012.
  8. ^ "Michael Lewis". Contemporary Authors Online. Detroit: Gale. 2011. GALE|H1000059769. Retrieved March 4, 2012 – via Fairfax County Public Library. Gale Biography In Context. (subscription required)
  9. ^ "One on one with Christine Lagarde, featuring Michael Lewis". www.imf.org. IMF (International Monetary Fund). Retrieved January 30, 2018.
  10. ^ High, Peter. "Bestselling Author Michael Lewis Has It All Figured Out". Forbes. Retrieved 2020-03-24.
  11. ^ Lewis, Michael (August 26, 2007). "In Nature's Casino". The New York Times Magazine. Retrieved May 12, 2010.
  12. ^ "the future just happened". BBC. Retrieved November 14, 2012.
  13. ^ John Koblin (October 7, 2008). "Graydon's Big Get: Raids Portfolio for Michael Lewis". Observer. Archived from the original on April 15, 2009.
  14. ^ "Michael Lewis". Vanity Fair. Archived from the original on July 11, 2009. Retrieved July 20, 2009.
  15. ^ Lewis, Andy; Matt Belloni (September 26, 2011). "'Moneyball' Author Michael Lewis to Script 'Liar's Poker' for Warner Bros. (Exclusive)". Hollywood Reporter. Retrieved November 14, 2012.
  16. ^ Ross, Scott (May 30, 2012). "Michael Lewis' "Liar's Poker" Being Turned Into a Film by Requa & Ficarra". NBC Bay Area. Retrieved January 17, 2013.
  17. ^ Lewis, Michael (September 2013). "Did Goldman Sachs Overstep in Criminally Charging Its Ex-Programmer?". Vanity Fair. Retrieved August 31, 2017.
  18. ^ Azam Ahmed (March 18, 2011). "Former Goldman Programmer Gets 8-year Jail Term for Code Theft". NYTimes.com. Retrieved November 5, 2017. A former Goldman Sachs computer programmer convicted of stealing source code from the firm was sentenced on Friday to more than eight years in prison, capping a case that had shone a rare spotlight on the world of lightning-fast computer-driven trading.
  19. ^ "Flash Boys | W. W. Norton & Company". books.wwnorton.com. Retrieved October 12, 2018.
  20. ^ "Michael Lewis: Many Trump Appointees Are Uninterested In The Agencies They Head Up". NPR. November 6, 2017. Retrieved February 13, 2019.
  21. ^ [Blasdel, Alex, Lewis: The Big Short author on how Trump is gambling with nuclear disaster, The Guardian, September 22, 2018]
  22. ^ This guy doesn't know anything: the inside story of Trump's shambolic transition team, The Guardian, September 27, 2018
  23. ^ Lewis, Michael (2018). The Coming Storm. Audible Studios.
  24. ^ "Against the Rules with Michael Lewis". Retrieved 12 May 2019.
  25. ^ Larson, Sarah (July 9, 2019). "Three Podcasts to Listen to in July". The New Yorker. Retrieved Feb 4, 2020.
  26. ^ Eliana, Dockterman (June 24, 2019). "The 10 Best Podcasts of 2019 So Far". Time Magazine. Retrieved Feb 4, 2020.
  27. ^ Turner, Richard (May 17, 2019). "Michael Lewis Makes Boring Stuff Interesting: The writer's new podcast 'Against the Rules' asks what has happened to fairness in the U.S." The Wall Street Journal. Retrieved Feb 4, 2020.
  28. ^ "BBC Radio 4 - Desert Island Discs, Michael Lewis, writer". January 12, 2020. Retrieved January 12, 2020.
  29. ^ Ackman, Dan. "Moneyball: The Art Of Winning An Unfair Game". Forbes. Retrieved November 14, 2012.
  30. ^ Kakutani, Michiko (March 14, 2010). "Investors Who Foresaw the Meltdown". The New York Times. Retrieved November 14, 2012.
  31. ^ Barra, Allen (July 13, 2014). "The Many Problems with 'Moneyball'". The New York Times. Retrieved July 13, 2014.
  32. ^ "She Runs S.E.C. He's a Lawyer. Recusals and Headaches Ensue". The New York Times. February 23, 2015. Retrieved April 29, 2018.
  33. ^ Lynch, Sarah H. (April 29, 2014). "SEC chair to Congress: 'The markets are not rigged'". Reuters. Retrieved June 10, 2014.
  34. ^ Alden, William (June 5, 2014). "S.E.C. Chief Offers Rules to Govern Fast Trading". The New York Times. Retrieved June 10, 2014.
  35. ^ "Bookmarks reviews of The Undoing Project by Michael Lewis". LitHub. Archived from the original on February 11, 2017. Retrieved February 8, 2017.
  36. ^ Altschuler, Glenn C. (January 15, 2017). "'The Undoing Project': How two Israeli psychologists changed the world". Pittsburgh Post-Gazette. Retrieved February 8, 2017.
  37. ^ Cohan, William D. "14: It's a White Man's World". The Last Tycoons: The Secret History of Lazard Freres & Co. p. 401.
  38. ^ Lewis, Michael (October 1, 2010). "Beware of Greeks Bearing Bonds". Vanity Fair. Retrieved December 14, 2011.
  39. ^ Hubler, Shawn (August 8, 2001). "What's Next for Michael Lewis?". Los Angeles Times. Retrieved March 5, 2012.
  40. ^ Lewis, Michael (2011). Boomerang: Travels in the New Third World (Hardback ed.). W.W. Norton and Company. p. 58. ISBN 978-0-393-08181-7.
  41. ^ https://berkeleyhighjacket.com/2019/sports/nine-bhs-athletes-sign-letters-of-intent/
  42. ^ "2008 Gerald Loeb Award Winners Announced by UCLA Anderson School of Management". Fast Company. October 28, 2011. Retrieved February 1, 2019.
  43. ^ "Loeb Winners". UCLA Anderson School of Management. June 29, 2009. Archived from the original on February 2, 2019. Retrieved February 1, 2019.
  44. ^ "More Loeb winners: Fortune and Detroit News". Talking Biz News. June 29, 2010. Retrieved February 5, 2019.

External linksEdit