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The Big Short: Inside the Doomsday Machine - Michael Lewis
The Big Short: Inside the Doomsday Machine
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4.21 260
The #1 New York Times bestseller: a brilliant account—character-rich and darkly humorous—of how the U.S. economy was driven over the cliff.When the crash of the U. S. stock market became public knowledge in the fall of 2008, it was already old news. The real crash, the silent crash, had taken... show more
The #1 New York Times bestseller: a brilliant account—character-rich and darkly humorous—of how the U.S. economy was driven over the cliff.When the crash of the U. S. stock market became public knowledge in the fall of 2008, it was already old news. The real crash, the silent crash, had taken place over the previous year, in bizarre feeder markets where the sun doesn’t shine, and the SEC doesn’t dare, or bother, to tread: the bond and real estate derivative markets where geeks invent impenetrable securities to profit from the misery of lower- and middle-class Americans who can’t pay their debts. The smart people who understood what was or might be happening were paralyzed by hope and fear; in any case, they weren’t talking. The crucial question is this: Who understood the risk inherent in the assumption of ever-rising real estate prices, a risk compounded daily by the creation of those arcane, artificial securities loosely based on piles of doubtful mortgages? Michael Lewis turns the inquiry on its head to create a fresh, character-driven narrative brimming with indignation and dark humor, a fitting sequel to his #1 best-selling Liar’s Poker. Who got it right? he asks. Who saw the real estate market for the black hole it would become, and eventually made billions of dollars from that perception? And what qualities of character made those few persist when their peers and colleagues dismissed them as Chicken Littles? Out of this handful of unlikely—really unlikely—heroes, Lewis fashions a story as compelling and unusual as any of his earlier bestsellers, proving yet again that he is the finest and funniest chronicler of our times.
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Format: hardcover
ISBN: 9780393072235 (0393072231)
Publisher: W. W. Norton & Company
Pages no: 264
Edition language: English
Bookstores:
Community Reviews
Tea, Rain, Book
Tea, Rain, Book rated it
5.0 Review: The Big Short by Michael Lewis
I wanted to read this book for a couple of reasons: 1) I loved the movie, 2) I am an avid student of financial stuff - I am a big fan of certain anchors/reporters from CNBC and Bloomburg channels, 3) I needed a book to fill in a bingo square "adapted for the big screen". ONE BIG CAVEAT to reading ...
bookaneer
bookaneer rated it
4.0 “What are the odds that people will make smart decisions [...] if they can get rich making dumb decisions?"
The Big Short by Michael Lewis Achievement unlocked: I finally understand what the term "shorting" actually means. Lewis provides a thorough and interesting take on the financial crisis, and now I think I finally begin to understand what caused the world economy to tank. As Lewis notes, there was ...
the reading chronicles
the reading chronicles rated it
4.0 Michael Lewis's The Big Short
The #1 New York Times bestseller: "It is the work of our greatest financial journalist, at the top of his game. And it's essential reading."—Graydon Carter, Vanity Fair The real story of the crash began in bizarre feeder markets where the sun doesn't shine and the SEC doesn't dare, or bother, to t...
Betsy's Non-Blog
Betsy's Non-Blog rated it
3.0 The Big Short: Inside the Doomsday Machine
[2/19/2016]I still don't understand what a credit default swap is, or a CDO, or even a short. But I understand a little better who was a fault, and the kind of people who were involved in the whole incredible mess.Well written, almost like a thriller, this book follows several men who saw what was ...
Ecletic Reader
Ecletic Reader rated it
5.0 The Big Short: Inside the Doomsday Machine
Michael Lewis has a way of making the most complicated financial actions seem simple and straightforward. This is the second book of his that I've read and the narrative touch that he brings really helps to make the true chaos of Wall Street understandable. This was no easy task, as the derivatives ...
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