Latest / Masters in Business / Interview With James Gleick: Masters in Business (Audio)
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- 0:00Speaker 1: Brought to you by Bank of America. Merrill Lynch, committed
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- 0:10Speaker 1: That's the power of Global Connections. Bank of America North
- 0:14Speaker 1: America member f d i C. This is Masters in
- 0:19Speaker 1: Business with Barry Ridholtz on Boomberg Radio. This week on
- 0:24Speaker 1: the podcast, I have James Glick. He is an author
- 0:28Speaker 1: and journalist at The New York Times who has covered
- 0:31Speaker 1: science and technology for a long time. I've been a
- 0:35Speaker 1: fan of his for many, many years, going back to
- 0:40Speaker 1: really the first book he ever wrote, called Chaos, Making
- 0:43Speaker 1: of a New Science. I'm a physics geek, it's sort
- 0:48Speaker 1: of my background, and at the time this book came out,
- 0:54Speaker 1: it was really cunning edge stuff. It was absolutely fascinating.
- 0:59Speaker 1: It's not the most accessible subject, but i'mronically long before
- 1:04Speaker 1: I joined finance, chaos UH and chaos theory had all
- 1:10Speaker 1: sorts of applications UH to the world of markets and investing.
- 1:15Speaker 1: It's not a coincidence that theoretical physicists and mathematicians end
- 1:20Speaker 1: up working on Wall Street. The ability to deal with
- 1:24Speaker 1: issues of uncertainty and probability and randomness are really really
- 1:30Speaker 1: helpful when when thinking about markets. This was a really
- 1:33Speaker 1: unusual book. It's a very challenging subject and Click makes
- 1:38Speaker 1: it accessible and really quite quite fascinating and enjoyable. UH.
- 1:44Speaker 1: From the book comes the term the butterfly effect, which
- 1:50Speaker 1: Click is credited with popularizing. But that's just one book
- 1:54Speaker 1: he had written many years ago. He's written dozens of books,
- 1:58Speaker 1: including biographies on Richard Lineman and Isaac Newton, and What
- 2:02Speaker 1: Just Happened, which is about technology, and Faster, which is
- 2:05Speaker 1: about changes in technology. I think his his magnum opus
- 2:10Speaker 1: is UH The Information, A History A Theory of flood.
- 2:16Speaker 1: It is just a brilliant exposition about information theory and
- 2:21Speaker 1: how all technology has tracked various ways of communicating uh
- 2:29Speaker 1: as people. UM, It's really a brilliant, brilliant book. Who
- 2:34Speaker 1: was nominated for a Pulitzer Uh. It's totally totally readable.
- 2:38Speaker 1: I I found it to be delightful to just dive into.
- 2:42Speaker 1: I think I read it on the beach on vacation
- 2:45Speaker 1: in in in a day and a half for two days. UH.
- 2:48Speaker 1: And his most recent book is actually a little off
- 2:52Speaker 1: the beaten path. It's quite charming. It's called Time Travel History,
- 2:58Speaker 1: and it discusses how time travel as a concept has developed.
- 3:04Speaker 1: You you may be shocked to learn that before H. G.
- 3:08Speaker 1: Wells's book The Time Machine, there was no such thing
- 3:11Speaker 1: as time travel. Nobody had even conceptualized it. It simply
- 3:15Speaker 1: didn't exist. Anyway, I could babble about the books he's
- 3:19Speaker 1: written about over and over again. Rather than do that,
- 3:22Speaker 1: let's just jump right to my interview, my conversation with
- 3:27Speaker 1: James click Voss Masters in Business with Barry Ridholtz on
- 3:34Speaker 1: Boomberg Radio. My special guest today is James Gleek. He
- 3:38Speaker 1: is one of my favorite science writers, perhaps best described
- 3:43Speaker 1: as a historian of science ideas, looking at the impact
- 3:48Speaker 1: of technology on our understanding of the world. He is
- 3:51Speaker 1: the author of Chaos, Making of a New Science, The Information,
- 3:56Speaker 1: A History, A Theory of Flood, and his latest book
- 3:59Speaker 1: is Time Travel History. Several of his books have been
- 4:02Speaker 1: nominated for Pulitzer Prizes and National Book Finalist Awards. The
- 4:07Speaker 1: Information was awarded the pen Literary Science Award as well
- 4:11Speaker 1: as the Royal Society Witton Prize for Science Books. James Glick,
- 4:16Speaker 1: Welcome to Bloomberg. Well, thank you. I'm happy to be here.
- 4:19Speaker 1: I have to start out asking about your background, because
- 4:22Speaker 1: you're really the fact that you're a science writer is
- 4:24Speaker 1: sort of surprising. You majored in English and linguistics. How
- 4:30Speaker 1: did that morph into science writing? I was a journalist.
- 4:33Speaker 1: I wasn't. I wasn't any kind of scientist, and I
- 4:36Speaker 1: I never intended to be a science writer, and I'm
- 4:39Speaker 1: hardly I don't really think I'm a science writer now.
- 4:43Speaker 1: And you know, Time Travel isn't really a science book.
- 4:47Speaker 1: Well not yet, but one day it might be. Well
- 4:50Speaker 1: we we can dream, but it isn't. But but it
- 4:52Speaker 1: really isn't. I mean, I have a I have a
- 4:56Speaker 1: feeling that if you go into the bookstore you can
- 4:58Speaker 1: probably find it in the science section. But I think
- 5:00Speaker 1: it's actually it's actually a mistake. So in general, your
- 5:04Speaker 1: books are these deeply researched, years in the making sort
- 5:09Speaker 1: of projects. What what made you approach book writing in
- 5:13Speaker 1: that way? I approached book writing in the first place
- 5:19Speaker 1: as a journalist and deeply researched. Well, that's you know,
- 5:23Speaker 1: that's what you do. You go out and you talk
- 5:25Speaker 1: to people, you do reporting. I thought of it as
- 5:28Speaker 1: reporting before I thought of it as research. It's changed,
- 5:31Speaker 1: it's changed a little bit over the years. But my
- 5:34Speaker 1: first book, Chaos was about something dramatic that was happening
- 5:41Speaker 1: in the world of science that wasn't getting any attention
- 5:44Speaker 1: as far as I could see. And I learned about
- 5:46Speaker 1: it almost by accident when I was writing a profile
- 5:49Speaker 1: of a of a scientist, and I was only writing
- 5:52Speaker 1: profiles of scientists because I was interested in science. I
- 5:55Speaker 1: liked it, so which would that be Mandelbrod or or Um. No. Ways,
- 6:01Speaker 1: the way it actually came about was I wrote a
- 6:03Speaker 1: profile early on of Douglas Hofstader. Sure I read go
- 6:07Speaker 1: to lesch Bach exactly right, and he was, you know,
- 6:11Speaker 1: he was a computer scientist and was um had a
- 6:15Speaker 1: lot to say about consciousness. And he was the one
- 6:18Speaker 1: who told me that he had heard about this thing
- 6:22Speaker 1: called Kass theory that was going on, and that that
- 6:26Speaker 1: not just mathematicians and physicists but also economists and meteorologists
- 6:32Speaker 1: and by all everybody was talking about chaos theory, but
- 6:35Speaker 1: it was very much under the radar. And I thought, well,
- 6:39Speaker 1: that sounds kind of cool, and it was, and and
- 6:42Speaker 1: I've been recommending that book for for many years. Well,
- 6:45Speaker 1: will come back to that, um so somewhat unusual career path.
- 6:51Speaker 1: Then if you started out as a journalist, how do
- 6:55Speaker 1: you veer from someone doing broad interviews to somebody doing
- 7:00Speaker 1: these really deep dives into very very comprehensive and complicated
- 7:05Speaker 1: subjects like information theory or chaos theory. Well, chaos theory
- 7:10Speaker 1: just you know, as I said, started out as a
- 7:13Speaker 1: kind of journalism I was. I felt I was reporting
- 7:16Speaker 1: on something that was very real, that was happening in
- 7:18Speaker 1: the world, and it just happened to be science, and
- 7:23Speaker 1: I approached it. I intended to approach it the way
- 7:26Speaker 1: a political reporter would approach politics, or a reporter specializing
- 7:32Speaker 1: in art would approach art. You know, it just happened
- 7:35Speaker 1: to be science, and a line a bunch of experts
- 7:37Speaker 1: asked them questions, some dumb questions, and figure out what
- 7:41Speaker 1: was going on, and I wanted to My goal in
- 7:44Speaker 1: that book wasn't so much explained the ideas of chaos
- 7:49Speaker 1: as tell the story of how this new science was
- 7:54Speaker 1: being born, and tell the stories of the individual scientists
- 7:57Speaker 1: and find out what they were thinking and how they
- 8:00Speaker 1: communicated with one another. And that was just I mean,
- 8:03Speaker 1: that's the kind of book I like to read, So
- 8:06Speaker 1: that's the kind of book I wrote. But it's true.
- 8:09Speaker 1: Um not the usual approach to writing a book on
- 8:13Speaker 1: science then, or do you think of the Worst Day
- 8:16Speaker 1: of Dagon? Similar? But I'm not sure there is one
- 8:18Speaker 1: usual approach. You know, science writing covers a lot of territory,
- 8:23Speaker 1: a lot of there's a kind of science writing that's
- 8:26Speaker 1: written by scientists, and they write about their own work,
- 8:29Speaker 1: or they write about other things in the field. I mean,
- 8:33Speaker 1: I was a huge admirer of Stephen Jay Gould, who
- 8:36Speaker 1: wrote um the most beautiful essays, and they often turned
- 8:40Speaker 1: into books about his own work and work that was
- 8:44Speaker 1: connected to his work. And he had a very broad
- 8:47Speaker 1: view of the world, and you could learn a lot
- 8:50Speaker 1: from reading his stuff. And there are many there are
- 8:53Speaker 1: people today who write about physics, who are physicists, and
- 8:57Speaker 1: they're just trying to explain, maybe in a popular way,
- 9:01Speaker 1: the things they know. I don't like the word popularization,
- 9:08Speaker 1: maybe because I'm not an expert myself. You know, I'm
- 9:12Speaker 1: not trying to popularize things. I'm trying to write about
- 9:16Speaker 1: things that I care about and in some cases barely
- 9:18Speaker 1: understand when I get started. The word popularize often implies
- 9:23Speaker 1: a dumbing down from mass audience. Exactly, you're you have
- 9:27Speaker 1: never been accused of of doing and I don't know
- 9:30Speaker 1: how you dumb care. I don't know. I've been accused
- 9:33Speaker 1: of just about everything. Barry, thank you, but um, but
- 9:36Speaker 1: not that. No, but I'm not. I don't need to
- 9:38Speaker 1: dumb anything down. I need to raise my own understanding
- 9:42Speaker 1: to the level of grasping the stuff I'm writing about.
- 9:45Speaker 1: You're listening to Masters in Business on Bloomberg Radio. My
- 9:48Speaker 1: guest this week is James Glicky is the author of
- 9:51Speaker 1: numerous books, most recently time Travel History, and let's jump
- 9:57Speaker 1: right into this. I was astonished to learned from your
- 10:00Speaker 1: book that prior to H. G. Wells, there really wasn't
- 10:04Speaker 1: a whole lot of discussion of time travel. How is
- 10:07Speaker 1: that possible? Not just not a lot of discussion? Time
- 10:10Speaker 1: travel didn't exist. The words the words literally were not
- 10:14Speaker 1: used in English. If you had said to somebody, are
- 10:17Speaker 1: you interested in time travel? They would have just looked
- 10:19Speaker 1: at you as if you were crazy. And yes, I
- 10:21Speaker 1: was astonished too. If there was one thing that got
- 10:24Speaker 1: me going on this as a book subject, it was
- 10:27Speaker 1: that discovery that that the idea of time travel has
- 10:31Speaker 1: had a relatively short lifetime, barely essential. And the reason
- 10:37Speaker 1: it's hard to believe. I mean, I I assume that
- 10:40Speaker 1: that some of the people listening to us are thinking, well,
- 10:42Speaker 1: that's not true, that's ridiculous. What about X and X
- 10:47Speaker 1: might be I'm going to guess now people might be thinking,
- 10:50Speaker 1: weren't there Greek myths that involved traveling through time? Or
- 10:54Speaker 1: what about a Christmas Carol by Charles Dickens, which was
- 10:58Speaker 1: a little before H. G. Wells that clearly didn't involve
- 11:01Speaker 1: time travel, then involved We're going to show you a
- 11:04Speaker 1: potential future. That is the difference, and then rip Van
- 11:07Speaker 1: Winkle sleeps into the future. And you could say, you
- 11:11Speaker 1: could argue, with the advantage of hindsight, that that's a
- 11:14Speaker 1: kind of time travel if you want to explore the literature,
- 11:17Speaker 1: which I did have to do extensively there. Um, there
- 11:21Speaker 1: were sort of precursors to the idea, but until H. G. Wells,
- 11:25Speaker 1: nobody imagined a machine or any other method where you
- 11:30Speaker 1: could choose to transport yourself to another place in time,
- 11:35Speaker 1: in the past or in the future. There was no
- 11:38Speaker 1: possibility of volition, and of course Wells jumped right into it.
- 11:41Speaker 1: He invented a machine with a lever, and his time
- 11:45Speaker 1: traveler as he called him, hops on the machine and
- 11:49Speaker 1: sends himself hurtling into the future. So what was it
- 11:53Speaker 1: that led you to an interest in time travel? It's
- 11:57Speaker 1: so different than most of your other world, where there's
- 12:01Speaker 1: an underlying theme of some specific branch of science and
- 12:06Speaker 1: the impact that it in technology has on society and culture.
- 12:10Speaker 1: And it's a more philosophical approach to a harder science
- 12:15Speaker 1: e sort of discussion. This is very science fiction, fun
- 12:19Speaker 1: sort of thing. What made you say let's try this?
- 12:23Speaker 1: I would say it's you're right, it's not a science book.
- 12:27Speaker 1: I don't know if it's a philosophical book. At least
- 12:31Speaker 1: there's some certainly some philosophy in it. It couldn't be avoided.
- 12:34Speaker 1: Once again, I I wanted to tell a story, and
- 12:37Speaker 1: the story was It started with a question. The question
- 12:41Speaker 1: was why did this powerful and exciting, kind of exhilarating
- 12:47Speaker 1: idea of time travel arise in the first place? Why
- 12:50Speaker 1: did it arise at this particular time in the mind
- 12:52Speaker 1: of H. G. Wells, a young writer he had never
- 12:56Speaker 1: written a book before, trying to make a living in
- 12:59Speaker 1: eighteen England. And then what happened to turn this primitive
- 13:05Speaker 1: version of time travel, born out of the blue, into
- 13:08Speaker 1: the very complicated and various cornucopia of things that were
- 13:13Speaker 1: so familiar with today. I mean, we've got time travel cartoons,
- 13:17Speaker 1: you know, I know, eight year old to get up
- 13:19Speaker 1: in the morning and start arguing about the paradoxus of
- 13:22Speaker 1: time travel. We are very sophisticated about time travel, and
- 13:26Speaker 1: so I wanted to chart that as a story, to
- 13:30Speaker 1: watch the ideas get handed from one person to another,
- 13:34Speaker 1: and watch new writers. And we're talking about people who
- 13:38Speaker 1: range from pulp science writers in New York in the
- 13:43Speaker 1: nine twenties to literary writers like James Joyce and Virginia
- 13:49Speaker 1: Wolf also in the early twentieth century, and scientists beginning
- 13:54Speaker 1: with Einstein, all toying with ideas of time in very
- 13:59Speaker 1: imagine native new ways. We have a tendency to you know,
- 14:03Speaker 1: we live in the world and we know how things are,
- 14:06Speaker 1: and we have a tendency to think it's always been
- 14:08Speaker 1: like that, but it hasn't. And I just think it's
- 14:11Speaker 1: it's really fun to watch the ideas transform. That's classic
- 14:16Speaker 1: hindsight biases that well, of course it worked out this way.
- 14:19Speaker 1: How else could it have worked out. It's very difficult
- 14:22Speaker 1: to go back and unimagined an idea after you're familiar
- 14:25Speaker 1: with it. So what was it about the Industrial Age
- 14:29Speaker 1: and whatever, all of the new technologies that came about
- 14:33Speaker 1: at the turn of the prior century, in the ninet
- 14:36Speaker 1: whatever that put this out in the air and allowed
- 14:38Speaker 1: so many people to conceptualize it when it had never
- 14:41Speaker 1: really been thought about previous. There were a lot of
- 14:43Speaker 1: things happening all at once. One thing that was happening
- 14:46Speaker 1: was that there was a new idea of futurity. There
- 14:50Speaker 1: was a new ability to imagine the future and a
- 14:53Speaker 1: new interest in the future that depended on the Industrial
- 14:57Speaker 1: Revolution and then the acceleration of technology. G When you
- 15:00Speaker 1: think about it, if you took your time machine back
- 15:03Speaker 1: and arrived on a farm in the fifteenth century and
- 15:07Speaker 1: asked the first person you met, what is what do
- 15:09Speaker 1: you think the world is going to be like for
- 15:11Speaker 1: your grandchildren? They would say, what are you talking about?
- 15:15Speaker 1: The world is going to be the same for my grandchildren.
- 15:18Speaker 1: You know they're going to be using the same plows
- 15:20Speaker 1: that I'm using because my grandparents used those plows, and
- 15:23Speaker 1: there was nothing like the conception that we have of
- 15:25Speaker 1: the progress of technology, which starts to seem inevitable to us.
- 15:30Speaker 1: But by the end of the nineteenth century, there were
- 15:32Speaker 1: railroads steaming across the landscape. There was the electric telegraph
- 15:36Speaker 1: sending instant messages at the speed of electricity, and people
- 15:41Speaker 1: were very conscious of how life was changing. They could
- 15:45Speaker 1: see their lives changing right in front of them, and
- 15:48Speaker 1: then they could start to wonder and get excited about
- 15:52Speaker 1: how life was going to be in a hundred years.
- 15:54Speaker 1: How significant were railroads along with the telegraph and in
- 15:59Speaker 1: having people recognize that time wasn't necessarily a constant that
- 16:05Speaker 1: they had to think about time zones in different places
- 16:07Speaker 1: across the country. How important was that development to Ah, Well,
- 16:12Speaker 1: that's a really good question, Barry, because you're right it was.
- 16:15Speaker 1: It's exactly because of railroads and the telegraph, both of
- 16:19Speaker 1: those technologies that clocks were changing. The telegraph made it
- 16:24Speaker 1: possible to synchronize clocks electrically across great distances, which had
- 16:28Speaker 1: never been possible before. When you think about it, if
- 16:31Speaker 1: you had a clock in New York and you had
- 16:33Speaker 1: a clock in Chicago, who would care what those you know,
- 16:39Speaker 1: because because it would take days to get from New
- 16:41Speaker 1: York to Chicago. So first the railroad made it kind
- 16:45Speaker 1: of necessary to have accurate clocks in different places and
- 16:49Speaker 1: help people notice that the sun was in a different
- 16:51Speaker 1: place in the sky in New York and Chicago. And
- 16:55Speaker 1: then the telegraph made it possible to synchronize the clocks.
- 16:58Speaker 1: And it wasn't just Eighth d Well, it was also
- 17:00Speaker 1: Einstein who was living in a world with these new technologies,
- 17:04Speaker 1: and as a patent clerk, he was reading patents that
- 17:08Speaker 1: had to do with synchronizing clocks, and he was starting
- 17:11Speaker 1: to think about what what if you take a clock
- 17:13Speaker 1: and you put it in motion at high speed? Does
- 17:16Speaker 1: anything change? You know, all of these things were happening
- 17:19Speaker 1: at once. I'm Barry Ridults. You're listening to Master's in
- 17:23Speaker 1: Business on Bloomberg Radio. My special guest today is James Glick.
- 17:27Speaker 1: He is the author of numerous books, most recently time
- 17:31Speaker 1: travel History. His first book was Chaos, Making of a
- 17:37Speaker 1: New Science. And I have to ask you, this is
- 17:40Speaker 1: an extremely complex subject in physics. What on Earth made
- 17:45Speaker 1: you for your first book say, I know, I'll tackle
- 17:49Speaker 1: chaos theory? Well, it wasn't, I know it was it
- 17:54Speaker 1: was Woa, there's a thing called chaos theory. Okay, I mean, right,
- 17:58Speaker 1: we we've it's it's kind of familiar now. People now,
- 18:02Speaker 1: for example, have seen Jurassic Park and they watched Jeff
- 18:05Speaker 1: Goldblum explain chaos mansplain chaos theory in fact, but it
- 18:12Speaker 1: was brand new. And I was interested in science and
- 18:15Speaker 1: writing about some scientists, and I heard about this thing,
- 18:18Speaker 1: and I thought, I want to know what that is.
- 18:20Speaker 1: And then as I learned what it was, I realized
- 18:24Speaker 1: that it was a kind of science that really mattered
- 18:29Speaker 1: to people who might not otherwise care about the esoterica
- 18:34Speaker 1: of theoretical physics. It was a very, I felt, a
- 18:37Speaker 1: very human kind of science. And one thing, one thing
- 18:41Speaker 1: that was unusual about it was that it was cross disciplinary.
- 18:44Speaker 1: That it involved people studying the weather, people studying the
- 18:49Speaker 1: physiology of the human heart. It involved economics as well
- 18:53Speaker 1: as theoretical physics. And that was because irregularity and disorder
- 19:02Speaker 1: and complexity arise in all of these different areas, and
- 19:07Speaker 1: as humans, we're interested in that, right. I mean, I'm
- 19:11Speaker 1: not a scientist myself, so I have the kind of
- 19:14Speaker 1: I have the prejudice that if I'm interested in it,
- 19:17Speaker 1: other people are going to be interested in it too.
- 19:19Speaker 1: It can't be that esoteric, and that was true of chaos.
- 19:23Speaker 1: So you're credited with making the expression the butterfly affect
- 19:28Speaker 1: a household word. Um explained what the butterfly Well, I
- 19:32Speaker 1: didn't invent the butterfly effect. It was invented by a meteorologist,
- 19:36Speaker 1: Edward Lorenz, who was one of the pioneers of chaos theory,
- 19:40Speaker 1: and he discovered and proved that the Earth's weather is
- 19:46Speaker 1: a chaotic system in this in this definite technical sense,
- 19:50Speaker 1: that it's so unstable and so subject to small perturbations
- 19:57Speaker 1: that the flapping of a butterfly's wing in one part
- 20:01Speaker 1: of the globe at one instant can actually affect the
- 20:06Speaker 1: the path of a hurricane a month later on the
- 20:09Speaker 1: far side of the globe. That is not obviously true.
- 20:14Speaker 1: I mean it could be the Earth's weather could be
- 20:18Speaker 1: designed in a different way such that the flapping of
- 20:20Speaker 1: the butterfly's wings would just dissipate and it wouldn't be important,
- 20:23Speaker 1: and it would take a giant perturbation to actually have
- 20:27Speaker 1: an effect on something as large as the course of
- 20:30Speaker 1: a hurricane. So that's a surprise, and it had to
- 20:33Speaker 1: be proved mathematically and it does turn out to be true.
- 20:36Speaker 1: And it's why to this day, weather forecasting, no matter
- 20:40Speaker 1: how powerful our computers get, is such an imperfect science.
- 20:44Speaker 1: So so let's talk about something else that involves imperfect
- 20:48Speaker 1: forecasts where small perturbations have outside effects, and that's the
- 20:53Speaker 1: stock market. I'm gonna pull a line from Chaos the book.
- 20:57Speaker 1: Markets exhibit unstable, a periodic behavior in deterministic nonlinear dynamism
- 21:06Speaker 1: sensitive to initial conditions. Now you were writing in general
- 21:10Speaker 1: about theory of chaos, but that is very applicable to
- 21:15Speaker 1: stock markets. That they're nonlinear, meaning a small change can
- 21:19Speaker 1: have an outsize effect. That they're not they're a periodic
- 21:24Speaker 1: in that there's sort of a cycle. You know, it's
- 21:27Speaker 1: colder in the winter and warmer in the summer, but
- 21:30Speaker 1: the day to day changes appear to be fairly random.
- 21:34Speaker 1: There are all sorts of interesting parallels between chaos theory
- 21:38Speaker 1: and the markets. Have you ever heard much back from
- 21:40Speaker 1: people who work in finance or or work investing as
- 21:45Speaker 1: to how chaos theory is applicable to investing. I have
- 21:48Speaker 1: heard from people, and people have tried to explore it,
- 21:52Speaker 1: and in fact, some of the chaos scientists who I
- 21:55Speaker 1: wrote about in that book all those years ago, try
- 21:59Speaker 1: to apply k Us theory to the markets, and I
- 22:02Speaker 1: can't say whether they had any particular success. Personally, I'm
- 22:06Speaker 1: a little bit skeptical. I think if anybody had had
- 22:10Speaker 1: a magic trick for applying the science of chaos to
- 22:14Speaker 1: making money in the market, well, I don't know if
- 22:17Speaker 1: we'd know about it. Coming up, we continue our conversation
- 22:20Speaker 1: with James Glick discussing information theory and human history. I'm
- 22:24Speaker 1: Barry rid Hults. You're listening to Masters in Business on
- 22:27Speaker 1: Bloomberg Radio. My special guest this week is author James Glick,
- 22:32Speaker 1: whose most recent book is called Time Travel History. He's
- 22:36Speaker 1: previously written biographies of Richard Feynman and Isaac Newton, as
- 22:42Speaker 1: well as a couple of other books, Chaos, The Making
- 22:45Speaker 1: of a New Science, and what I think is a
- 22:48Speaker 1: tour to force book. The information a flood, a history,
- 22:53Speaker 1: a theory. I got that backwards somewhat. Let's talk a
- 22:56Speaker 1: little bit about this, because this is really a fascinating,
- 22:59Speaker 1: fascinating book. Human beings are information seeking creatures? Discuss Well,
- 23:07Speaker 1: it's like an essay question. Yes, first of all, that's
- 23:11Speaker 1: obviously true, right, Information is is what we live on. Well,
- 23:14Speaker 1: is it obviously true? Because when you were referring previously
- 23:18Speaker 1: to the farmer who lived the same life as his
- 23:20Speaker 1: grandparents and expected his children and grandchildren to live the
- 23:24Speaker 1: same life, and there was no growth from learning and
- 23:27Speaker 1: applying new information, maybe we haven't always been information seeking creatures. Well, exactly,
- 23:32Speaker 1: you're making my point for me, Barry. We have always
- 23:35Speaker 1: been information seeking creatures. We didn't always know it. We
- 23:39Speaker 1: didn't we didn't use the word information. The word information
- 23:43Speaker 1: now has a scientific meaning, and we're comfortable with that.
- 23:47Speaker 1: Even if we aren't scientists. We know what the unit
- 23:50Speaker 1: of measure of information is. It's the bit, right, That's
- 23:54Speaker 1: a fundamental particle, on or off, yes or no. It's
- 23:58Speaker 1: at the root of all of our computers and our
- 24:01Speaker 1: communication devices. Information is being transmitted in bits, but that's
- 24:05Speaker 1: the language of how it's communicated. It's it's on or off.
- 24:09Speaker 1: And with that binary system you can create a universe
- 24:13Speaker 1: of things. Is but is that really the bottom building
- 24:17Speaker 1: block of of information there is? Because there's nothing smaller
- 24:22Speaker 1: than yes or no, than yes or no. It's if
- 24:25Speaker 1: you want to if you want to measure how much
- 24:27Speaker 1: information there is in something, how much information is there
- 24:30Speaker 1: in a book? How much information is there in three
- 24:33Speaker 1: minutes of audio of a certain quality? How much information
- 24:37Speaker 1: is there in a photograph or a video. We're fairly comfortable,
- 24:40Speaker 1: I think, asking that question how much information? It implies
- 24:46Speaker 1: that information is a thing you can measure, and if
- 24:48Speaker 1: you're measuring it, there has to be a unit of measure,
- 24:50Speaker 1: and there has to be well, there wouldn't have to
- 24:52Speaker 1: be a smallest amount. You could imagine an infinitesimal amount
- 24:56Speaker 1: of information, But in fact there is a smallest amount.
- 25:00Speaker 1: It's one bit. There can't be any less than that.
- 25:03Speaker 1: So let's talk a little bit about some of the
- 25:05Speaker 1: concepts that come up in the book, starting with drums
- 25:08Speaker 1: and going to alphabets. How does that then move on
- 25:13Speaker 1: to computing and more complex technologies. Because we now have
- 25:18Speaker 1: this expansive view of information as a kind of general
- 25:21Speaker 1: category of things, we can think about all the different
- 25:24Speaker 1: information technologies. Well, we know there are a lot of
- 25:27Speaker 1: them that rule our lives now, right, we've got an
- 25:30Speaker 1: information gadget in our pocket. Probably we a lot of
- 25:33Speaker 1: information comes to us on screens. The networks of the
- 25:37Speaker 1: Internet are a kind of information technology, just as television
- 25:42Speaker 1: is and before that the radio. But before that there
- 25:46Speaker 1: was the telegraph, and before that, if you you know,
- 25:51Speaker 1: we start to think more broadly about information. We know
- 25:53Speaker 1: that the printing press was an information technology, and even
- 25:57Speaker 1: before that, the invention of the alphabet changed the way
- 26:01Speaker 1: human beings process, transmit, and store information. So all of
- 26:07Speaker 1: those are technologies, and you can start to think about
- 26:09Speaker 1: what they have in common and what the differences are,
- 26:12Speaker 1: and how they evolved and how they changed our lives.
- 26:15Speaker 1: So let's talk about the modern era and the Internet.
- 26:19Speaker 1: What's the significance of Wikipedia. What's the significance of the
- 26:23Speaker 1: Internet for our ability to perceive and manipulate information. That's
- 26:29Speaker 1: a pretty big question. What's the significance? There are a
- 26:31Speaker 1: lot of things going on all at once. You mentioned Wikipedia.
- 26:35Speaker 1: I happen to like Wikipedia. I'm a fan. In fact,
- 26:38Speaker 1: I think it's it's really an extraordinary monument in the
- 26:43Speaker 1: information era. Of all of the giant information enterprises, it's
- 26:48Speaker 1: the only one that isn't designed to make money. It's
- 26:51Speaker 1: never made a penny, and if it continues on its
- 26:54Speaker 1: current course, it never will. It's entirely crowdsourced. When it
- 26:58Speaker 1: started out, it was kind of famously inaccurate, right, And
- 27:03Speaker 1: maybe it is in some circles famously inaccurate. Schools probably
- 27:08Speaker 1: don't allow students to cite Wikipedia as a final source
- 27:14Speaker 1: on anything. Newspapers certainly don't. On the other hand, we
- 27:18Speaker 1: all rely on it, a lot, more of us rely
- 27:21Speaker 1: on it than it then admit it. And it's astoundingly
- 27:24Speaker 1: good when you think about it. You know, if you
- 27:26Speaker 1: want to start doing research on any subject, you look
- 27:29Speaker 1: it up on Wikipedia, and it doesn't matter so much
- 27:31Speaker 1: what was written. As the whole run of sources to
- 27:35Speaker 1: truly authoritative sources at the bottom is a great place
- 27:39Speaker 1: to start doing sources you can cite and quote if
- 27:42Speaker 1: you can't quote Wikipedia, right, Okay, So here we are
- 27:44Speaker 1: both praising Wikipedia. And yet it remains true that at
- 27:47Speaker 1: this moment anybody who's listening to us could, as a
- 27:51Speaker 1: prank look up any not any because some of them
- 27:54Speaker 1: are are kind of protected now, but could look up
- 27:58Speaker 1: most of what's on Wikipedia, just change it. So it's
- 28:02Speaker 1: a kind of miracle that, given its vulnerability to mischief
- 28:08Speaker 1: and to just plain carelessness, it's as accurate as it is.
- 28:13Speaker 1: The people who are inclined to make mischief are far
- 28:18Speaker 1: less motivated than the people who really care deeply about
- 28:22Speaker 1: a subject. You have a run of different experts writing
- 28:25Speaker 1: about it. It's a crowdsourced version of an encyclopedia. And
- 28:29Speaker 1: it seems Yeah, the mischief makers can have a little
- 28:32Speaker 1: fun on the on the periphery, but the people who
- 28:35Speaker 1: cared deeply about something aren't gonna allow it to be despoiled.
- 28:39Speaker 1: Or at least that's how it seems to work in
- 28:40Speaker 1: the real world. Yeah, of course there are other problems too.
- 28:43Speaker 1: Besides besides obvious errors, there there's opinion and their points
- 28:47Speaker 1: of view, and and we we seem to be living
- 28:50Speaker 1: through an election where um, people have not just different opinions,
- 28:56Speaker 1: but they feel entitled to their own sets of facts.
- 28:59Speaker 1: And Wikipedia, like the rest of us, gets embroiled into
- 29:03Speaker 1: disputes over over what's actually true because and this has
- 29:08Speaker 1: been called the post factual era well, and and with
- 29:12Speaker 1: the best of intentions, we can't ever be absolutely certain
- 29:16Speaker 1: that we have a claim to to the truth. And
- 29:19Speaker 1: so now another thing I guess we've learned from Wikipedia,
- 29:23Speaker 1: or maybe from the Internet in general, is two always
- 29:28Speaker 1: at least I think this is what we should have
- 29:30Speaker 1: learned to have a little bit of humility about what
- 29:32Speaker 1: we think we know to be true, to recognize that
- 29:36Speaker 1: our knowledge is provisional, to keep an open mind and
- 29:40Speaker 1: continue to listen to other possibilities as scientists do as
- 29:45Speaker 1: the best scientists have always done. The best scientists don't
- 29:49Speaker 1: say here's the truth. I have arrived at it. That's final,
- 29:53Speaker 1: end of story for those of you joining us. Now
- 29:56Speaker 1: we're speaking with James Glick. He's the author of The Information,
- 30:00Speaker 1: A Theory of History of Flood. Let me pull a
- 30:03Speaker 1: quote out of the book that I really like you wrote,
- 30:06Speaker 1: the same paradox was destined to reappear in different guises,
- 30:11Speaker 1: each technology of information bringing its own power and its
- 30:15Speaker 1: own fears. Would we say that's still true today? Well,
- 30:18Speaker 1: isn't it. Every time we get a new social network,
- 30:22Speaker 1: or a or a a new uh, a new device,
- 30:26Speaker 1: some people worry that it's just gonna drain us of humanity, right,
- 30:31Speaker 1: that we're gonna we're going to maybe gain some kinds
- 30:35Speaker 1: of knowledge and then lose some of their skills. And
- 30:38Speaker 1: that's always been true. I mean, when when electronic calculators arrived,
- 30:42Speaker 1: people started very quickly to forget how to do arithmetic.
- 30:45Speaker 1: But before that, when well, for that matter, when writing
- 30:50Speaker 1: was invented, Plato worried about the effect it was going
- 30:53Speaker 1: to have on human memory. I used to have a
- 30:56Speaker 1: thousand phone numbers in my head. Now, courtesy of the
- 30:59Speaker 1: I phone, I don't know anybody's phone number. So there
- 31:02Speaker 1: you go. And is that a good thing or a
- 31:04Speaker 1: bad thing? You can take your pick. I would I
- 31:08Speaker 1: suspect I only have a finite capacity, and I'm freeing
- 31:11Speaker 1: up some space for perhaps more useful functions. But along
- 31:16Speaker 1: the same lines, while I was preparing for this, uh
- 31:19Speaker 1: and researching and googling certain things, I came across Louis c.
- 31:24Speaker 1: K On I think it was on Conan, and he
- 31:28Speaker 1: does this hilarious bit about everything is amazing and nobody's happy.
- 31:35Speaker 1: It's told in Jess. But how accurate is that sentiment? Well, yes,
- 31:41Speaker 1: it's it's partly a joke because it's an exaggeration to
- 31:44Speaker 1: say that nobody's happy. But I think what he's pointing
- 31:47Speaker 1: out is is something that's healthy that we have these
- 31:51Speaker 1: We have tremendous powers. We have what would have looked
- 31:54Speaker 1: to our grandparents like the magical abilities to access one
- 31:59Speaker 1: another there and to access sources of information. And yet
- 32:03Speaker 1: we don't necessarily feel any smarter, and that's good because
- 32:08Speaker 1: we aren't any smarter. We have we have new sources
- 32:11Speaker 1: of knowledge, and we have new reasons to worry about
- 32:16Speaker 1: attention deficit disorder, to worry about um, about new sources
- 32:22Speaker 1: of error, and as I say too, hopefully remain humble.
- 32:27Speaker 1: We have been speaking with author James Glick, most recently
- 32:32Speaker 1: writing Time Travel a History on Twitter. You're at James
- 32:36Speaker 1: Glick spelled g L E I c k at James Glick.
- 32:40Speaker 1: If you enjoy this conversation, be sure and stick around
- 32:43Speaker 1: for the podcast extras, where the tape will continue to
- 32:46Speaker 1: roll as we discuss all things time travel related. Be
- 32:50Speaker 1: sure and check out my daily column on Bloomberg View
- 32:54Speaker 1: dot com or follow me on Twitter at Riholts. I'm
- 32:58Speaker 1: Barry Riholts. You've and listening to Masters in Business on
- 33:02Speaker 1: Bloomberg Radio, brought to you by Bank of America. Merrill Lynch.
- 33:09Speaker 1: Seeing what others have seen, but uncovering what others may not.
- 33:12Speaker 1: Global Research that helps You Harness disruption. Voted top global
- 33:16Speaker 1: research firm five years running. Merrill Lynch, Pierce, Finner and
- 33:20Speaker 1: Smith Incorporated. Welcome to the podcast, James, thank you so
- 33:23Speaker 1: much for doing this. I have been a fan of
- 33:25Speaker 1: yours for quite a while, and i've I've enjoyed your books, Um,
- 33:30Speaker 1: and I remember not just plowing through Chaos, which for
- 33:34Speaker 1: a recovering physics want was a delight, but The Information
- 33:39Speaker 1: was one of those books that was I can't complimented enough.
- 33:45Speaker 1: It's a tour de force of information theory and human
- 33:50Speaker 1: technological development. It's almost as if information theory is an
- 33:55Speaker 1: overlay across every single technology that we've developed, more or
- 34:00Speaker 1: less from sharp and Stones forward. Is that an overstatement
- 34:05Speaker 1: or no? I think you got that. I think you've
- 34:07Speaker 1: got that exactly right, Mary, And you know we're pretty
- 34:11Speaker 1: well aware of that. These days, we hear a lot
- 34:14Speaker 1: about information. We know this is the information age. It's
- 34:17Speaker 1: been the information age now for more than fifty years.
- 34:20Speaker 1: So it's it's interesting too to stop and explore that
- 34:24Speaker 1: and figure out how information became a thing and and
- 34:28Speaker 1: how we can make it a useful part of our
- 34:32Speaker 1: lives without letting it overwhelm us. So I I went
- 34:35Speaker 1: through Chaos, I reviewed UM the Information I revisited faster. UM.
- 34:44Speaker 1: I didn't go through Isaac Newton or or Feynman, Although
- 34:47Speaker 1: I've listened to his lecture, so I'm kind of more
- 34:51Speaker 1: or less up to speed with that. And I started
- 34:53Speaker 1: time travel recently, and I'm I'm pretty much halfway through.
- 34:57Speaker 1: So I have some questions for you about it that
- 35:00Speaker 1: I find fascinating, many of which you allude to in
- 35:03Speaker 1: the beginning, And hopefully I'm not going to ask you
- 35:05Speaker 1: stuff that you resolve later in the book. But one
- 35:08Speaker 1: of the questions that comes up over and over again
- 35:11Speaker 1: philosophically in the book is time real? Does time actually exist?
- 35:17Speaker 1: Or is it just an allusion to us pathetic humans?
- 35:21Speaker 1: And isn't that kind of Isn't it funny that we
- 35:24Speaker 1: even ask a question like that, because and physicists do
- 35:27Speaker 1: ask it. Physicists even have they have symposia on the
- 35:31Speaker 1: question of whether time is real? Well, what does that mean?
- 35:35Speaker 1: Because if time isn't real, what have we been talking
- 35:38Speaker 1: about for all of these millennia. It's one of the
- 35:40Speaker 1: oldest concepts in the book. It is, I believe, in English,
- 35:45Speaker 1: the noun most frequently used in the language time time.
- 35:49Speaker 1: That's quite fascinating. Well, the the counter argument is, there's
- 35:53Speaker 1: only the presence you going from. We'll start with the
- 35:57Speaker 1: big bang and end up with universal entropy and the
- 36:00Speaker 1: heat death trillion years in the future. And we can
- 36:04Speaker 1: conceptualize the future, we can recall our own distorted perspective
- 36:09Speaker 1: of the past, but really there's only the here and now,
- 36:12Speaker 1: and what might be or what might have come before
- 36:16Speaker 1: is just that progression along. Well, there's there's what you
- 36:22Speaker 1: you might call the kind of naive person in the
- 36:25Speaker 1: street view of time, and before before that sounds too condescending,
- 36:31Speaker 1: I should say, that's that's my view of time. That
- 36:34Speaker 1: is I'm going to endorse the naive view. And and
- 36:37Speaker 1: that view is is this. It's that the only thing
- 36:40Speaker 1: that's real is the present. What's happening now, that's real,
- 36:45Speaker 1: this instant, this instant, I'm looking at you, you're looking
- 36:48Speaker 1: at me. Here we are. But I said that a
- 36:51Speaker 1: few seconds ago, and now it's gone. It's the past
- 36:55Speaker 1: and it was real, but it's not real. We have
- 36:58Speaker 1: lost access to it. We have a memory of it,
- 37:02Speaker 1: we have records, we have artifacts, we have ruins. But
- 37:05Speaker 1: the past is gone and the future isn't real because
- 37:10Speaker 1: it doesn't exist yet. We can imagine it, we can
- 37:13Speaker 1: think about it, we can worry about it, we can
- 37:15Speaker 1: fear it. But it's not real the way the present is.
- 37:19Speaker 1: And so if you believe that, then you have what
- 37:23Speaker 1: I consider to be a kind of reasonable view of
- 37:26Speaker 1: how time works. Um, why do you say that's the
- 37:29Speaker 1: naive man in the street view? Because physicists have developed
- 37:34Speaker 1: a more complicated view of the universe, which which we're
- 37:38Speaker 1: also familiar with, in which time is like a fourth
- 37:43Speaker 1: dimension of space, and time and space together have an
- 37:48Speaker 1: independent reality that we call space time. And you can
- 37:51Speaker 1: imagine all of creation, all of existence, as a four
- 37:55Speaker 1: dimensional space time continuum. And if you imagine this thing
- 38:00Speaker 1: as a big block, then the past is there, and
- 38:04Speaker 1: the future is there, and there's a point that our
- 38:07Speaker 1: consciousness happens to be moving through and we call that
- 38:11Speaker 1: the present. But it's an illusion to think that only
- 38:15Speaker 1: that part is real. All the rest is real too,
- 38:17Speaker 1: and you can make calculations about them using the equations
- 38:21Speaker 1: of physics. So along those lines, I think the phrase
- 38:24Speaker 1: in the book is the pink worm. Basically, somebody's life's
- 38:28Speaker 1: lifespan as existing through four dimensions, and you're seeing them.
- 38:32Speaker 1: They start out crawling, they end up on two legs,
- 38:35Speaker 1: and ultimately end up on on on three legs with
- 38:38Speaker 1: the cane. Isn't that just an abstract conception as well?
- 38:43Speaker 1: Or does physics say, well, if you really make the
- 38:46Speaker 1: fourth dimension real, that that is its own existence as well? Well?
- 38:52Speaker 1: That that pink worm that comes from a science fiction
- 38:55Speaker 1: story by Robert Heinlin, And we can we can imagine that.
- 38:59Speaker 1: You can wrap your heads around that. If you imagine
- 39:02Speaker 1: the human being that you are now as a three
- 39:05Speaker 1: dimensional object, what's the four dimensional version? It starts with
- 39:09Speaker 1: you as a baby, and it ends with you dead,
- 39:12Speaker 1: and along the way you could, you know, construct a
- 39:16Speaker 1: well along pink worm. But that's you know, that's a match.
- 39:20Speaker 1: That's a fantasy, right, I mean, we're still here are
- 39:25Speaker 1: We're just the three dimensional blobs that we are, and
- 39:28Speaker 1: and we are changing from one form to another. What
- 39:33Speaker 1: about Stephen hawkings um time travel party. I found that
- 39:37Speaker 1: to be kind of amusing, although I think he made
- 39:39Speaker 1: a small error in his in his calculus. What's the error?
- 39:45Speaker 1: So my naive view of time travel, assuming it exists,
- 39:49Speaker 1: which is a giant assumption. Um, you could go back
- 39:53Speaker 1: in time, and you could go so there's time that
- 39:56Speaker 1: has not yet unrolled yet. Picture the manaphor is a
- 40:01Speaker 1: film camera. You can you can shoot a movie and
- 40:04Speaker 1: you can always go back and rewind and look at
- 40:06Speaker 1: anything you've shot, and you could go forward to where
- 40:09Speaker 1: you currently are, but you can't see anything that has
- 40:12Speaker 1: not yet been filmed. So you can travel back in time,
- 40:16Speaker 1: and you could travel up to the present, but no
- 40:19Speaker 1: further than that. Um, so you can't go into the
- 40:22Speaker 1: future that has not yet uh unrolled. So the first
- 40:27Speaker 1: time Stephen Hawkins does that the future hasn't occurred. There
- 40:31Speaker 1: are no time travelers to come back. It's only at
- 40:33Speaker 1: some future date in an alternative lot timeline that travelers
- 40:38Speaker 1: can come back to the future. And so this is
- 40:41Speaker 1: that's how we know, Stephen Hawkins taught us. This is
- 40:44Speaker 1: the first go through. We're not really living an alternative time. Well,
- 40:48Speaker 1: you've got an interesting theory, so in in your theory
- 40:51Speaker 1: as possible to the pet as possible, to the past,
- 40:54Speaker 1: but not to the future beyond where it's unrolled. And
- 40:59Speaker 1: we're talking about Stephen Hawkings famous invitation to time travelers.
- 41:03Speaker 1: He printed up an invitation and said, dear dear time
- 41:07Speaker 1: travelers from the future, you're invited to this party, which
- 41:10Speaker 1: took place last week. And then he said, well, nobody
- 41:13Speaker 1: showed up. Therefore, I have proved that time travel doesn't exist.
- 41:19Speaker 1: There are no time travelers from the future among us.
- 41:22Speaker 1: He should know better because he created the paradox, had he,
- 41:26Speaker 1: and he was right this go around. But if there
- 41:28Speaker 1: is time travel that's evented a thousand years hence, then
- 41:32Speaker 1: in the alternative timeline where they come back and visit
- 41:36Speaker 1: his party, won't he be surprised? Well, I think Hawking was.
- 41:40Speaker 1: It was partly putting that out there with his tongue
- 41:43Speaker 1: in his cheek, just to touch and then he, like
- 41:47Speaker 1: like other physicists, like to have fun with time travel
- 41:50Speaker 1: because it's such an exciting idea. Um. One person I
- 41:54Speaker 1: ran into said he had he had yet another theory
- 41:57Speaker 1: of for why we aren't seeing the time travelers in
- 41:59Speaker 1: our midst and it's that they're afraid of disease. There
- 42:03Speaker 1: you go, they don't have an immune system the way
- 42:05Speaker 1: settlers on a new continent catch diseases that they aren't
- 42:09Speaker 1: prepared for. And so what we should do is create
- 42:12Speaker 1: quarantine areas and then sound send out the infantition. Again.
- 42:16Speaker 1: There you go. That that makes a lot of sense.
- 42:19Speaker 1: Or they could be similarly fearful of the butterfly effect
- 42:22Speaker 1: and not wanting to change future history. I'm early in
- 42:26Speaker 1: the book you talk about something I've always wondered, which
- 42:29Speaker 1: isn't the time aspect of it, but it's the physical
- 42:33Speaker 1: space aspect of it. We have we have the Earth
- 42:36Speaker 1: um rotating, revolving, we have the Sun and moving around
- 42:41Speaker 1: the entire galaxy. The galaxy is expanding from from the
- 42:45Speaker 1: point of of the Big Bang. How do you physically
- 42:48Speaker 1: end up given all this motion in those three dimensions?
- 42:52Speaker 1: When you so the Earth today, if you go into
- 42:54Speaker 1: a time machine right here and you want to go
- 42:57Speaker 1: back a thousand years, you're that taught three dimensional, those
- 43:00Speaker 1: three coordinates. It is not here, it's it's we're really
- 43:04Speaker 1: getting into the weeds here, Barry. And And it's true
- 43:06Speaker 1: that this is the kind of thing that if you're
- 43:08Speaker 1: going to construct a science fiction story, you have to
- 43:11Speaker 1: worry about, or if you don't want to worry about it,
- 43:13Speaker 1: you have to you know, a little a little hocus focus,
- 43:17Speaker 1: a little hocus focus. So H. G. Wells, when he
- 43:20Speaker 1: wrote The Time Machine, didn't worry about that. You know,
- 43:23Speaker 1: it didn't occur to him, or if it occurred to him,
- 43:25Speaker 1: he decided his readers weren't going to think about it,
- 43:28Speaker 1: so his time machine just advances through space and he
- 43:32Speaker 1: ignores the fact that the whole Earth is going to
- 43:35Speaker 1: be in a different place. You know, um, nowadays you
- 43:39Speaker 1: can do whatever you want if you if you want
- 43:41Speaker 1: to construct a science fiction story. And everybody who watches
- 43:46Speaker 1: Doctor Who knows that the tardest, the Great Blue British
- 43:52Speaker 1: London Police block box travels through time and through space
- 43:57Speaker 1: and so it gets to go wherever the Doctor wants
- 43:59Speaker 1: to ascended. So I know, I only have you for
- 44:03Speaker 1: a finite amount of time, and I have a million
- 44:06Speaker 1: questions for you. Let me jump right to my favorite
- 44:09Speaker 1: few questions I asked all my guests. Um, So, as
- 44:13Speaker 1: a writer, who are some of your early mentors? I
- 44:18Speaker 1: don't think I had mentors because I started out as
- 44:22Speaker 1: a as a journalist. I was a reporter. I was
- 44:25Speaker 1: an editor. My my first boss at the New York
- 44:27Speaker 1: Times was the great Sydney Schanberg, who was a magnificent
- 44:32Speaker 1: foreign correspondent who was Metropolitan editor when I started working
- 44:37Speaker 1: at the New York Times, and I I revered him
- 44:40Speaker 1: and still still revere him. But I can't say that
- 44:45Speaker 1: he had all that much time for me. Um, So
- 44:48Speaker 1: let's talk about other writers and editors who might have
- 44:51Speaker 1: influenced your approach to writing. Who who do you feel
- 44:54Speaker 1: has been a um an influence on on your work? Well? Also,
- 45:00Speaker 1: let me say two contradictory things. One is I write
- 45:03Speaker 1: a kind of nonfiction that is has journalism at its root,
- 45:09Speaker 1: even though I haven't really been a journalist for a while.
- 45:11Speaker 1: And one person, one writer I admired very much when
- 45:16Speaker 1: I was starting out, was Gay to Leaves, who, um
- 45:21Speaker 1: you know his he's known for his books now. I
- 45:23Speaker 1: don't know how well known he'll he'll be to our listeners,
- 45:27Speaker 1: but um, he wrote in Back in the Dark Ages
- 45:32Speaker 1: profiles for Esquire magazine that were absolutely magnificent. They were
- 45:37Speaker 1: a kind of writing that I really aspired to that
- 45:41Speaker 1: involved no first person, nothing about him, just kind of
- 45:49Speaker 1: intensively reported kind of work where you knew so much,
- 45:55Speaker 1: you spent so much time with your subject and knew
- 45:58Speaker 1: so much about your subject that you could that you
- 46:02Speaker 1: could achieve something close to omniscience, and you could write
- 46:06Speaker 1: about your subject the way a novelist would you. You wouldn't.
- 46:11Speaker 1: You wouldn't just do an interview where you're talking to
- 46:13Speaker 1: your subject but but you would be eavesdropping on the
- 46:15Speaker 1: conversations that your subject is having as he or she
- 46:19Speaker 1: went through daily life. Narrative nonfiction. I love that kind
- 46:22Speaker 1: of writing. And so the other half of my answer
- 46:25Speaker 1: to your question is I read fiction. It's it's I
- 46:29Speaker 1: don't read very much nonfiction myself, because the writer's I
- 46:33Speaker 1: admire most tend to be fiction writers. So let's talk
- 46:36Speaker 1: a little bit about your favorite books. Tell tell us
- 46:39Speaker 1: some books that either recently or way back when, that
- 46:43Speaker 1: that you've really enjoyed. All right, Well, you know, favorite
- 46:46Speaker 1: books books is so arbitrary and changes week by week.
- 46:51Speaker 1: So I feel entitled to name a couple of books
- 46:54Speaker 1: that I talked about in time Travel because their time
- 46:56Speaker 1: travel books, and but they aren't necessarily obvious time travel books.
- 47:01Speaker 1: So one of them is um by the great Ursula
- 47:05Speaker 1: k Legwin, a novel called The Lathe of Heaven, and
- 47:11Speaker 1: it's not exactly time travel. It involves a helpless man
- 47:16Speaker 1: who discovers that when he dreams, he is reshaping the future.
- 47:22Speaker 1: And well, hilarity ensues that I want to give the
- 47:25Speaker 1: book away. It's a it's an imaginative tour to force
- 47:28Speaker 1: someone just did a fantastic profile on her. I want
- 47:32Speaker 1: to say it was either The Atlantic or Esquire New
- 47:36Speaker 1: Yorker New Yorkers that just was out like two weeks ago.
- 47:39Speaker 1: Actually I say that, and now I'm not a d
- 47:41Speaker 1: percent sure, so they can check this and go back
- 47:45Speaker 1: and edit it. But yes, I'm a great fan of hers.
- 47:47Speaker 1: She's she is just a great spirit as well as
- 47:50Speaker 1: a great writer. Who else? Who else? Do you? What
- 47:52Speaker 1: other books are you? Well? And the last book that
- 47:55Speaker 1: I wrote about in time Travel is the most recent
- 47:58Speaker 1: book by William Gibson, science science fiction writer who really
- 48:02Speaker 1: is his visionary and transcends science fiction. And he had
- 48:06Speaker 1: avoided time travel through his whole career, even though his
- 48:11Speaker 1: books were set in the future. He for one reason
- 48:14Speaker 1: or another wasn't interested in time travel. And then suddenly
- 48:17Speaker 1: in his latest book, The Peripheral, he invents a new
- 48:21Speaker 1: kind of time travel that is very um redolent of
- 48:27Speaker 1: our world of cyberspace, which is appropriate because William Gibson
- 48:31Speaker 1: invented cyberspace. Neuromancer was mona Lisa overdrive, And so I'll
- 48:38Speaker 1: recommend The Peripheral. The Peripheral give us a non time
- 48:42Speaker 1: travel book that you've enjoyed of recently. Um alright, well
- 48:47Speaker 1: just um, because I just finished reading it and Patchett's
- 48:51Speaker 1: new novel, Commonwealth, which is nothing that there's no science
- 48:56Speaker 1: fiction or anything else. She's a beautiful writer. It's a
- 48:59Speaker 1: family story that takes place over generations. And if you
- 49:04Speaker 1: forced me to bring it back to the conversation, which
- 49:06Speaker 1: you're not trying to do, I would say that she
- 49:10Speaker 1: also is a master of using time and memory in
- 49:16Speaker 1: creative narrative ways. Sommon Wealth, so let me I'm gonna
- 49:22Speaker 1: go or of script a moment. You're an accomplished writer. No.
- 49:28Speaker 1: Three of your books nominated for Pulitzers. When you are
- 49:32Speaker 1: reading something, are you just reading for escapist pleasure? Does
- 49:37Speaker 1: the craft intrude on your ability to read? Are you
- 49:41Speaker 1: sort of noticing little oh, I see what they did here?
- 49:44Speaker 1: Are you noticing techniques? Or do you get definitely? But
- 49:49Speaker 1: first of all, why escapist pleasure? Can't I just read
- 49:53Speaker 1: for you know, virtuous life, life enhancement. Well, but but
- 49:58Speaker 1: that's how the criticism has always been about fiction versus nonfiction.
- 50:03Speaker 1: I need for pleasure, and I don't feel guilty about that.
- 50:06Speaker 1: But it's it's true that when I'm writing. In particular,
- 50:11Speaker 1: there are times it often happens that I'm reading a
- 50:14Speaker 1: book and suddenly I think, ah ha, I can steal that.
- 50:19Speaker 1: And I and I'm meaning a technique or meaning a
- 50:24Speaker 1: technique or the way a sentence is constructed, or a
- 50:28Speaker 1: rhythm or something I don't even know what it is,
- 50:33Speaker 1: but something I'll need to I'll need to put the
- 50:36Speaker 1: book down for a second and rush over to the keyboard.
- 50:38Speaker 1: So so you, as you're reading, you are stealing. But
- 50:43Speaker 1: by the way, the reason I ask every single guest
- 50:47Speaker 1: for some of their favorite books. I've had a dozen billionaires,
- 50:53Speaker 1: I've had just as many Nobel laureates in the studio
- 50:57Speaker 1: and other people of accomplishment, and pretty much every single one.
- 51:02Speaker 1: When you get to the question, so what do you
- 51:06Speaker 1: attribute your success to? The concept of constantly learning, constantly reading,
- 51:14Speaker 1: being able to take advantage of the information that someone
- 51:20Speaker 1: someone basically lives a lifetime and says, here, I'm gonna
- 51:24Speaker 1: spend a year and spill out what I've learned over
- 51:26Speaker 1: fifty years. Have this to to ignore? That is a
- 51:30Speaker 1: a tremendous waste and the idea of accessing books and
- 51:34Speaker 1: knowledge and other people's experience comes up over and over.
- 51:38Speaker 1: I wanted to ask you specifically what you get out
- 51:42Speaker 1: of reading, because you're a professional writer and and you
- 51:45Speaker 1: pretty much address the question the way I was hoping,
- 51:50Speaker 1: But I always asked the question. And it's amazing how
- 51:54Speaker 1: animated some people become about the books that are so
- 51:58Speaker 1: significant to them. They really, um seem to have credited
- 52:04Speaker 1: reading as as an enormous part of their development. So
- 52:08Speaker 1: so that's why that that comes up. Um, So what
- 52:12Speaker 1: do you do outside of writing for for pleasure? What
- 52:17Speaker 1: do you do, uh to to keep yourself? Um, I'm
- 52:23Speaker 1: gonna rephray, I'm gonna ask that again in a slightly
- 52:26Speaker 1: different way. So outside of the office, outside of writing,
- 52:29Speaker 1: what do you do to relax away from books? What
- 52:40Speaker 1: does anybody do? I don't know. I go to movies,
- 52:43Speaker 1: I listen to music, I go to place I occasionally
- 52:49Speaker 1: it's hard, as as it may be to believe I
- 52:51Speaker 1: actually just sit quietly. Okay, that that's not hard to
- 52:56Speaker 1: believe at all. And and now, um, by the way,
- 53:00Speaker 1: that's a question that had come from listeners, and people
- 53:04Speaker 1: always ask ask people what they do to relax outside
- 53:06Speaker 1: of the office. And then my last it's kind of
- 53:09Speaker 1: an interesting question. There's no office, you know, I mean
- 53:13Speaker 1: there is an office. You have a computer somewhere. Are
- 53:15Speaker 1: you have a desk? Right? So what do you when
- 53:17Speaker 1: you're away from the desk? That I I for the
- 53:21Speaker 1: most part, I assume people are conceptualizing, um, a sort
- 53:26Speaker 1: of grinding workload and what do people do outside of that?
- 53:30Speaker 1: And these are not I can as someone who writes
- 53:33Speaker 1: a daily column, I can tell there's an enormous amount
- 53:37Speaker 1: of work and thought and activity and energy that goes
- 53:41Speaker 1: into this. It's not There may not be a physical office,
- 53:44Speaker 1: but there is clearly a defined workspace and a lot
- 53:48Speaker 1: of labor goes into that. Is that a fair statement?
- 53:51Speaker 1: That's fair? Um? And there is an office, it's just
- 53:55Speaker 1: in my house. Okay. Uh So, if a millennial or
- 53:59Speaker 1: someone who graduated from college came up to you and
- 54:02Speaker 1: said they were interested in a career as either a
- 54:05Speaker 1: journalist or an author, what sort of advice would you
- 54:09Speaker 1: give them? Well? I got two pieces of advice. The
- 54:14Speaker 1: first one is don't take too much advice from um,
- 54:20Speaker 1: people much older than yourself, And the second is just um, right,
- 54:26Speaker 1: the only way to the only way to learn how
- 54:28Speaker 1: to write is to write, and um, reading about writing
- 54:32Speaker 1: isn't going to help. Going to school to learn how
- 54:35Speaker 1: to write isn't going to help. You just have to
- 54:37Speaker 1: have to write. And um, if you need to find
- 54:42Speaker 1: somebody to give you orders, then you know, try to
- 54:45Speaker 1: work for a newspaper. So I like the paradox of
- 54:49Speaker 1: here's my advice, don't take my advice. I find that interesting.
- 54:53Speaker 1: And finally, so you've been writing The Chaos came out
- 54:57Speaker 1: in eighty seven, You've been writing thirty plus years. What
- 55:00Speaker 1: is it that you know about the craft of writing today?
- 55:03Speaker 1: You wish you knew thirty years ago? When you begin,
- 55:08Speaker 1: the question implies that I know something about the craft
- 55:11Speaker 1: of writing. And are you really going to fight me
- 55:13Speaker 1: on that? I really am seriously, Ye, Pulitzer nominations, I
- 55:19Speaker 1: know this is embarrassing. Three National Book Awards. You clearly
- 55:25Speaker 1: know a thing or two about writing. Maybe I don't
- 55:27Speaker 1: know what I know that I feel each time I'm
- 55:31Speaker 1: still figuring it out each time. Is that true you
- 55:34Speaker 1: when you approach a new book. I do not lie
- 55:36Speaker 1: to you, Barry. I do not sit down and think, Okay,
- 55:40Speaker 1: here's I don't have a file of index cards of
- 55:42Speaker 1: things I've learned. I think, oh my god, what am
- 55:45Speaker 1: How am I going to do it this time? So
- 55:48Speaker 1: each time you approach a new topic, a new subject,
- 55:50Speaker 1: a new book, you're starting from scratch. It's literally a
- 55:55Speaker 1: blank page. Now what am I going to do with this? Oh,
- 55:58Speaker 1: it's always it's always a blank page. It well, the
- 56:02Speaker 1: page itself, but the approach how you I have to
- 56:06Speaker 1: imagine that you have developed some skills and some techniques over,
- 56:10Speaker 1: I must have some skills. But if you're accusing me
- 56:13Speaker 1: of of withholding some some magic sand click, he's not sharing.
- 56:20Speaker 1: You know. If if other people are giving you the secret,
- 56:23Speaker 1: I'd like I'd like to know what they are. But um, yeah,
- 56:26Speaker 1: I'll tell you that when I write the book about
- 56:28Speaker 1: this radio series. Here. Let me save people the three
- 56:34Speaker 1: things that come up over and over and over again.
- 56:37Speaker 1: It's hard work, it's reading, and it's a little bit
- 56:41Speaker 1: of luck that has those three things have come up
- 56:44Speaker 1: from person to person to person. And I'm referring to
- 56:48Speaker 1: people who are you know, by any measure of traditional wealth,
- 56:54Speaker 1: professional accolades, whatever, awards, and you kind of nor when
- 57:01Speaker 1: you hear the same things over, I'm fortunate that somehow
- 57:04Speaker 1: I've talked this building into allowing me to do this
- 57:08Speaker 1: and conning people like yourself into coming here. Um, and
- 57:12Speaker 1: and that comes up over again. Well, I absolutely agree
- 57:16Speaker 1: with all three of those. Oh, so there it is.
- 57:18Speaker 1: I didn't mean to put words into your math. I
- 57:21Speaker 1: just wanted to share those three. We have been speaking
- 57:25Speaker 1: with author James Glick, most recently. Um, he put out
- 57:29Speaker 1: the book Time Travel of History. I also highly recommend
- 57:34Speaker 1: the information. And if you have any sort of bend
- 57:36Speaker 1: towards physics, I would tell you chaos is just a
- 57:40Speaker 1: fascinating and by the way, it's held up very well,
- 57:44Speaker 1: mostly because you don't make any declarations. Um, this is
- 57:48Speaker 1: how it is, and this is how it's always going
- 57:49Speaker 1: to be. It's a history of what took place in
- 57:53Speaker 1: chaos theory up to that point. And I think the
- 57:55Speaker 1: book is the test of time. You're raising your eyebrows
- 57:59Speaker 1: and now I'm I'm I'm thanking you for saying that. Okay, well,
- 58:02Speaker 1: I'm not the only person who said that Time Travel
- 58:05Speaker 1: of History. If you enjoy this conversation, be shure and
- 58:08Speaker 1: check out the other hundred or so uh such chats
- 58:12Speaker 1: on iTunes. Just look up an inch or down an
- 58:14Speaker 1: inch and you can see the rest of them. I
- 58:17Speaker 1: would be remiss if I did not think my booker,
- 58:20Speaker 1: Taylor Riggs. We love your comments and feedback. Be sure
- 58:24Speaker 1: to write to us at m IB podcast at Bloomberg
- 58:29Speaker 1: dot net. I'm Barry rid Holts. You've been listening to
- 58:33Speaker 1: Masters in Business on Bloomberg Radio, brought to you by
- 58:36Speaker 1: Bank of America. Merrill Lynch committed to bringing higher finance
- 58:40Speaker 1: to lower carbon named the most innovative investment bank for
- 58:43Speaker 1: climate change and sustainability by the Banker. That's the power
- 58:47Speaker 1: of Global Connections. Bank of America North America member f
- 58:51Speaker 1: D I C