Friday, April 11, 2014
7:45am Continental Breakfast
in conversation with Joanna Pearlstein, WIRED magazine
Flash Boys: A Wall Street Revolt
500 South Figueroa Street
Los Angeles, CA 90071
$20 includes continental breakfast
$45 also includes Lewis’ book
Michael Lewis is the author of the best-sellers The Big Short: Inside the Doomsday Machine; The Blind Side: Evolution of a Game; Moneyball: The Art of Winning an Unfair Game; Liar’s Poker; Boomerang; The New New Thing and Panic, among others.
Michael Lewis’ upcoming book Flash Boys: A Wall Street Revolt offers a ringside seat to the ways of Wall Street. His past works on the financial industry are game-changing examinations of the most important financial issues of our time. Come hear him — in conversation with Malcolm Gladwell — reveal what he’s been investigating. We’re thrilled to welcome Gladwell back to Live Talks Los Angeles for his third visit.
Four years after his #1 bestseller The Big Short, Michael Lewis returns to Wall Street to report on a high-tech predator stalking the equity markets.
Flash Boys is about a small group of Wall Street guys who figure out that the U.S. stock market has been rigged for the benefit of insiders and that, post–financial crisis, the markets have become not more free but less, and more controlled by the big Wall Street banks. Working at different firms, they come to this realization separately; but after they discover one another, the flash boys band together and set out to reform the financial markets. This they do by creating an exchange in which high-frequency trading—source of the most intractable problems—will have no advantage whatsoever.
The characters in Flash Boys are fabulous, each completely different from what you think of when you think “Wall Street guy.” Several have walked away from jobs in the financial sector that paid them millions of dollars a year. From their new vantage point they investigate the big banks, the world’s stock exchanges, and high-frequency trading firms as they have never been investigated, and expose the many strange new ways that Wall Street generates profits.
The light that Lewis shines into the darkest corners of the financial world may not be good for your blood pressure, because if you have any contact with the market, even a retirement account, this story is happening to you. But in the end, Flash Boys is an uplifting read. Here are people who have somehow preserved a moral sense in an environment where you don’t get paid for that; they have perceived an institutionalized injustice and are willing to go to war to fix it.
After graduating from Princeton University and the London School of Economics, Lewis worked on the bond desk at Salomon Brothers, an experience he recounted in Liar’s Poker, his first book. He left the financial world to become a journalist, writing on politics, finance and more for The New Republic, The New York Times Magazine, Slate and other publications. He is currently a contributing editor at Vanity Fair. He is also the author of Home Game: An Accidental Guide to Fatherhood. He lives in Berkeley, California.
Joanna Pearlstein is Deputy Managing Editor of WIRED magazine. She oversees daily workflow for WIRED‘s monthly magazine and special editorial projects. She also directs the magazine’s research department and edits front-of-the-book stories. Before joining Wired in 2003, Pearlstein was news editor and editorial research manager at Red Herring magazine. She’s been covering the technology industry for nearly two decades. Her work has also appeared in The New York Times, The Oakland Tribune, and Macworld.