About this episode

Michael Lewis explores the lives of investment advisors who bet against the subprime housing market and the consequences of their decisions.

The Big Short is centered around the story of investment advisors who noticed something was seriously wrong with the subprime housing market starting in the early 2000s. Why did the traders at FrontPoint Partners and others bet against the herd, at great risk to their reputations and their own careers? And what happened after those bets paid off — because the market crashed? Michael Lewis catches up with some of the most memorable characters in his book to find out what being right has done to their lives. For more, check out a newsletter by Danny Moses, Vincent Daniel, and Porter Collins called WHAT ARE WE DOING? (WAWD ). Order The Big Short audiobook, now narrated by Michael Lewis, on Audible , Spotify , pushkin.fm/bigshort or wherever you get audiobooks.  See omnystudio.com/listener for privacy information.

More episodes of Against the Rules: The Big Short Companion

• Sir David Attenborough: The Voice of the Natural World Turns 100 | From Big Lives · April 27, 2026 · 1h 1m
• Live with Nicolle Wallace · December 16, 2025 · 44 min
• Michael Burry Speaks · December 2, 2025 · 40 min
• How the Financial Crisis Broke Politics · November 25, 2025 · 44 min
• How the Financial Crisis Broke Wall Street · November 18, 2025 · 34 min
• Lessons of the Great Depression · November 11, 2025 · 39 min

Explore listener stats, chart rankings, contacts and more on the Against the Rules: The Big Short Companion podcast page.