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- May 1, 2010: Vol. 4 No. 5

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Shop Talk: A Conversation with Michael Lewis

by Geoffrey Dohrmann

Geoffrey Dohrmann, publisher and editor-in-chief of The Letter – Europe and president and CEO of Institutional Real Estate, Inc, recently sat down with one-time bond trader, now full-time author Michael Lewisto talk about the collapse of the financial market, Wall Street’s day of reckoning and Lewis’s new book, The Big Short: Inside the Doomsday Machine,which takes a look at the few investors who bet against subprime loans in 2005, predicted the financial meltdown and made money in the process.

There have been a number of books written about the financial crisis. What compelled you to write The Big Short?

When I wrote Liar’s Poker,I thought that I was writing about a brief, traumatic event on Wall Street. Instead, what I had actually written was a description of the beginning of a 30-year-long traumatic event. I could see how [the most recent] fin

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