The Daily Show: Ears Edition

TDS Time Machine | Conversations with Authors - Pt. 2

13 snips
Feb 1, 2026
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.
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ANECDOTE

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.
INSIGHT

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.
ANECDOTE

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.
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