Andrew Ross Sorkin on the Stock Market Crash That Shattered America

In this episode of the Odd Lots podcast, hosts Joe Weisenthal and Tracy Alloway interview Andrew Ross Sorkin, author of "1929: Inside the Greatest Crash in History and How It Shattered a Nation." Sorkin discusses his motivations for writing the book, the challenges of archival research, and key figures of the era like Charlie Mitchell, John Raskob, and Jesse Livermore. The conversation explores parallels between the 1920s and today, including the role of technology (radio vs. AI), retail leverage, and the Fed's actions. They delve into the causes and consequences of the 1929 crash, the subsequent Great Depression, and the lessons policymakers should learn about leverage and regulation. Sorkin also shares his daily routine and current insights from his sources, while the hosts draw parallels between historical events and contemporary issues, such as the Trump administration's policies and the democratization of finance.