The Big Short: Inside the Doomsday Machine
by:
Michael Lewis (author)
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 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...
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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 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. Michael Lewis creates a fresh, character-driven narrative brimming with indignation and dark humor, a fitting sequel to his #1 bestseller Liar's Poker. Out of a 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 time. 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
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Format: paperback
ISBN:
9780393338829 (0393338827)
ASIN: 393338827
Publish date: February 25th 2011
Publisher: W. W. Norton & Company
Pages no: 270
Edition language: English
Category:
Non Fiction,
Writing,
History,
Literature,
Book Club,
American,
Business,
Economics,
Journalism,
Politics,
Contemporary,
Sociology
For more reviews, check out my blog: Craft-CycleThis book felt like it took me an insanely long time to read. I started out trying to figure out word-for-word what happened. After a while, I kind of gave up on understanding it all. Luckily, Lewis seemed to support this with a general attitude of don...
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 ...
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 #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...
[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 ...