
The Daily Show: Ears Edition TDS Time Machine | Conversations with Authors - Pt. 2
Salman Rushdie, acclaimed novelist briefly reflecting on his memoir 'Knife' and recovery. Michael Lewis, narrative nonfiction writer known for illuminating markets, talks high-frequency trading and the IEX response. They dig into trauma, online radicalization, market speed advantages, and attempts to build fairer systems. Short, lively conversations that jump between personal survival and financial fixes.
56:05
Your Tongue Shapes Food Into A Bolus
- Mary Roach describes bolus formation: the mouth grinds food then the tongue rolls it into a cylindrical bolus for swallowing.
- She highlights oral processing research and the tongue's unconscious role forming swallowable cylinders.
Speed Creates A Hidden Trading Edge
- High-frequency traders exploit microsecond advantages by colocating servers to see and trade on orders before typical investors.
- Michael Lewis frames this as technological arbitrage that lets computers front-run ordinary investors at scale.
Brad Katsuyama Chose Fairness Over Profit
- Michael Lewis tells Brad Katsuyama's story: he discovered the market seemed to know orders before traders acted and chose to expose the problem rather than exploit it.
- Katsuyama then built IEX with others to create a fairer trading venue for investors.
Get the Snipd Podcast app to discover more snips from this episode
Get the app 1 chevron_right 2 chevron_right 3 chevron_right 4 chevron_right 5 chevron_right 6 chevron_right 7 chevron_right 8 chevron_right 9 chevron_right 10 chevron_right 11 chevron_right 12 chevron_right 13 chevron_right 14 chevron_right 15 chevron_right 16 chevron_right 17 chevron_right 18 chevron_right 19 chevron_right 20 chevron_right 21 chevron_right 22 chevron_right
Intro
00:00 • 1min
Gladwell Introduces 'David and Goliath'
01:24 • 37sec
Dyslexia, Adversity, and Entrepreneurial Success
02:01 • 3min
Parental Loss and Leadership
04:37 • 3min
Mary Roach on Digestion and 'Gulp'
07:26 • 5min
Bolus, Chyme, and Swallowing Mechanics
12:52 • 14sec
Michael Lewis on High-Frequency Trading
13:05 • 35sec
How High-Frequency Trading Works
13:40 • 2min
Brad Katsuyama and the IEX Story
16:03 • 3min
Building a Fair Exchange: IEX
19:10 • 1min
Payment for Order Flow and Market Ecology
20:11 • 2min
Why Market Speed Standards Don't Exist
22:40 • 2min
Investor Rights and iminvestor.org
24:40 • 33sec
Salman Rushdie on 'Knife' and Recovery
25:13 • 32sec
Revisiting Trauma and Creative Process
25:45 • 5min
Radicalization, Algorithms, and Modern Violence
30:18 • 5min
Mortality, Cancer Scare, and Perspective
34:56 • 3min
Free Expression and Thin Skins
38:22 • 7min
Richard Dawkins on Science and Religion
45:02 • 2min
Do Science and Religion Threaten Civilization?
46:35 • 3min
Precaution, Technology, and Civilization's Future
49:12 • 3min
Outro
52:07 • 18sec

#3562
• Mentioned in 13 episodes
Gulp
Adventures on the Alimentary Canal


Mary Roach
In 'Gulp: Adventures on the Alimentary Canal', Mary Roach delves into the intricacies of the human digestive system, starting from the sense of smell and taste, through the mouth, stomach, and intestines, to the final stages of elimination.
The book is filled with fascinating anecdotes, historical accounts, and scientific insights, including visits to a pet-food taste-test lab, a fecal transplant procedure, and discussions on topics such as flatulence, constipation, and the stomach's remarkable abilities.
Roach's approach makes even the most taboo subjects engaging and entertaining, highlighting the complex and often surreal aspects of human biology.

#90
• Mentioned in 187 episodes
Outliers
The Story of Success


Malcolm Gladwell
In 'Outliers: The Story of Success', Malcolm Gladwell examines the often-overlooked factors that contribute to high levels of success.
He argues that success is not solely the result of individual talent or hard work, but rather is influenced by a complex web of advantages and inheritances, including cultural background, family, generation, and luck.
The book delves into various examples, such as the success of Bill Gates, the Beatles, and Canadian ice hockey players, to illustrate how these factors play a crucial role.
Gladwell also discusses the '10,000-hour rule' and the impact of cultural legacies on behavior and success.
The book is divided into two parts: 'Opportunity' and 'Legacy', each exploring different aspects of how success is achieved and maintained.

#302
• Mentioned in 87 episodes
The God Delusion


Richard Dawkins
In 'The God Delusion', Richard Dawkins argues that the belief in a supernatural creator, God, is almost certainly false and qualifies as a delusion.
He examines God in various forms, from the Old Testament to the Celestial Watchmaker, and critiques the major arguments for religion.
Dawkins discusses how religion fuels war, fosters bigotry, and abuses children, and he advocates for atheism as a morally and intellectually fulfilling worldview.
The book also explores the relationship between religion and morality, suggesting that morality can exist independently of religion, and argues against the teaching of religion in schools as a form of indoctrination.

#3562
• Mentioned in 13 episodes
Gulp
Adventures on the Alimentary Canal


Mary Roach
In 'Gulp: Adventures on the Alimentary Canal', Mary Roach delves into the intricacies of the human digestive system, starting from the sense of smell and taste, through the mouth, stomach, and intestines, to the final stages of elimination.
The book is filled with fascinating anecdotes, historical accounts, and scientific insights, including visits to a pet-food taste-test lab, a fecal transplant procedure, and discussions on topics such as flatulence, constipation, and the stomach's remarkable abilities.
Roach's approach makes even the most taboo subjects engaging and entertaining, highlighting the complex and often surreal aspects of human biology.
#11479
• Mentioned in 4 episodes
An Appetite for Wonder


Richard Dawkins

#732
• Mentioned in 46 episodes
Flash Boys
A Wall Street Revolt


Michael Lewis
In 'Flash Boys: A Wall Street Revolt', Michael Lewis delves into the world of high-frequency trading (HFT) and its corrupting influence on the U.S.
stock market.
The book follows a group of Wall Street iconoclasts, including Brad Katsuyama and Sergey Aleynikov, as they uncover and challenge the unethical practices of HFT firms.
Lewis explains how these firms use advanced technology to front-run orders, creating a rigged market that benefits insiders at the expense of ordinary investors.
The narrative is engaging and accessible, making complex financial concepts understandable for a broad audience.
The book highlights the efforts of these individuals to reform the market and restore fairness, and it has had significant impact, including prompting investigations and public discussions about market structure and fairness.

#147
• Mentioned in 139 episodes
The Tipping Point
How Little Things Can Make a Big Difference


Malcolm Gladwell
In The Tipping Point, Malcolm Gladwell examines the phenomenon of social epidemics and how ideas, products, and behaviors spread rapidly.
He introduces three key principles: the law of the few (the role of connectors, mavens, and salespeople in spreading ideas), the stickiness factor (how messages or trends must be memorable to spread), and the power of context (how environment and circumstances influence human behavior).
Gladwell uses various examples, such as the rise in popularity of Hush Puppies shoes, the decline in New York City's crime rate, and the success of children's TV programs like Sesame Street, to illustrate these concepts.
The book provides insights into how small changes can lead to large-scale social and behavioral transformations.

#911
• Mentioned in 40 episodes
Satanic Verses


Salman Rushdie
The novel follows the lives of two Indian Muslims, Gibreel Farishta and Saladin Chamcha, who survive a plane hijacking and subsequent explosion.
As they fall from the plane, they are transformed into angelic and satanic figures.
The story delves into various themes, including the founding of Islam through the character Mahound, the story of a visionary girl named Ayesha, and the struggles of identity and faith.
The book is known for its complex, multilayered plot and its use of dreams within dreams, which generated significant controversy due to its satirical and imaginative treatment of Islamic themes.

#3258
• Mentioned in 14 episodes
Knife
Meditations After an Attempted Murder


Salman Rushdie
In 'Knife: Meditations After an Attempted Murder', Salman Rushdie provides a gripping and detailed account of the traumatic events following the knife attack on him in August 2022.
The book is a meditation on his survival, the metaphysical implications of his experience, and the purpose of writing.
Rushdie describes the horrific wounds he suffered, including the loss of his right eye, and reflects on the miraculous nature of his survival.
The memoir is characterized by its lack of self-pity, despite the immense pain and struggle Rushdie faced during his recovery.
It also touches on themes of art, pain, love, and the ongoing battle for free speech.

#780
• Mentioned in 44 episodes
David and Goliath
Underdogs, Misfits, and the Art of Battling Giants


Malcolm Gladwell
In 'David and Goliath', Malcolm Gladwell challenges conventional wisdom about obstacles and disadvantages.
He uses the biblical story of David and Goliath as a starting point to explore various cases where underdogs have triumphed over more powerful opponents.
The book delves into topics such as the benefits of 'desirable difficulties', the impact of dyslexia on successful individuals, and the dynamics of successful and unsuccessful strategies in different contexts, including warfare, education, and social movements.
Gladwell argues that what appears to be a weakness can often be a strength, and that too much power or advantage can sometimes be counterproductive.
Learn more about your ad choices. Visit podcastchoices.com/adchoices


