4/5; 4 stars; A-Michael Lewis does a good job explaining the sub prime mortgage debacle and points out some of the factors in the crumbling of many well known financial organizations in the last 10-15 years. I had a variety of emotional reactions while listening to this book. I wasn't shocked......
Fascinating; read like a fast-paced thriller at times (I even stayed up well past my bedtime at one point). This looks at the global financial crisis from the point of view of a few oddball characters who bet on it happening and did very well out of being right. I didn't think this did quite as good...
This book tells the story of a handful of people who foresaw the the problems with subprime mortgages and CDOs and CDS and profited. It was if not surprising then disappointing that so few people tried to tell anyone in power what was going on. Of course, the response of people in power was dismal...
Enjoyed the writing style more than the subject and slimy cast of characters. Lewis, similar to Steve Eisman, tells it how it is and is a talented writer.
Fantastic read. I loved Lewis's "Moneyball", but I think this one was even better. It was a bit dense in parts. There was a fair bit of jargon that took a while to catch on to and concepts that people making these trades didn't even fully understand, but Lewis does a pretty good job of (eventuall...
The Big Short: Inside the Doomsday Machine is more than 5 stars. It deserves the highest rank for the clear explanation of how to answer this question: “How do you explain to an innocent citizen of the free world the importance of a credit default swap on a double-A tranche of a subprime-backed coll...
Michael Lewis tells the story of a handful of men who realized that the subprime mortgage bonds that had become the backbone of the U.S. economy were effectively worthless and managed to short the hottest investment on Wall Street by buying credit default swaps on the bonds. If you have ever suspec...
Everybody loves this Michael Lewis guy; this was the first of his I read (though Moneyball is up soon, Dr. Craig!). A very good explanation of the shenanigans behind the massive collapse of 2008. Wow.
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