Michael Lewis
Paperback | Pages: 320 pages Rating: 4.29 | 127636 Users | 6698 Reviews
Specify Books Supposing The Big Short: Inside the Doomsday Machine (Liar's Poker #2)
| Original Title: | The Big Short: Inside the Doomsday Machine |
| ISBN: | 039335315X (ISBN13: 9780393353150) |
| Series: | Liar's Poker #2 |
| Literary Awards: | Los Angeles Times Book Prize for Current Interest (2010), Financial Times and McKinsey Business Book of the Year Nominee for Shortlist (2010), Robert F. Kennedy Book Award (2011), Goodreads Choice Award Nominee for Nonfiction (2010) |
Interpretation As Books The Big Short: Inside the Doomsday Machine (Liar's Poker #2)
From the author of The Blind Side and Moneyball, The Big Short tells the story of four outsiders in the world of high-finance who predict the credit and housing bubble collapse before anyone else. The film adaptation by Adam McKay (Anchorman I and II, The Other Guys) features Academy Award® winners Christian Bale, Brad Pitt, Melissa Leo and Marisa Tomei; Academy Award® nominees Steve Carell and Ryan Gosling. 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. 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? In this fitting sequel to Liar’s Poker, Michael Lewis answers that question in a narrative brimming with indignation and dark humor.Define About Books The Big Short: Inside the Doomsday Machine (Liar's Poker #2)
| Title | : | The Big Short: Inside the Doomsday Machine (Liar's Poker #2) |
| Author | : | Michael Lewis |
| Book Format | : | Paperback |
| Book Edition | : | First Edition |
| Pages | : | Pages: 320 pages |
| Published | : | November 16th 2015 by W. W. Norton Company (first published March 15th 2010) |
| Categories | : | Nonfiction. Business. Economics. Finance. History. Politics. Audiobook |
Rating About Books The Big Short: Inside the Doomsday Machine (Liar's Poker #2)
Ratings: 4.29 From 127636 Users | 6698 ReviewsEvaluate About Books The Big Short: Inside the Doomsday Machine (Liar's Poker #2)
This book propelled me back to a conversation from the fall of 2005. I was at my sons junior peewee football game on a warm autumn day talking to some other dads at halftime. The conversation was on how people were refinancing their homes at unheard of values and next to nothing interest rates. The group was a mix of men, some in real estate, a few newly minted mortgage brokers and some others of various professions and income levels. I recall, as the game resumed and the conversation woundHappy thought for the day:At least I don't have to include a stint as an analyst for Moody's or Standard & Poor's to my list of professional shortcomings.
Michael Lewis looks at a handful of people who saw what was happening in the US economy, tried to sound an alarm, but also used their knowledge to make barrels of cash. If the tales told here, following the fiscal 9/11 that is Wall Street ethics, do not scare you away from investing with any Wall Street firm, I do not know what will. Lewis may single-handedly revive stuffing cash in mattresses as a savings option. What becomes clear is that there is no substitute for doing the hard work of
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 plenty of greed to go around, but it was the criminal irresponsibility of the bankers, the investors, the bond traders, that really created the opportunity for such large-scale corruption. I found this book particularly difficult
Wall Street is probably best known for the movie quote "Greed is good."But after reading The Big Short, Michael Lewis' excellent book about the lead up to the 2008 global financial crisis and the small group of people who saw the collapse coming and bet against it, I think Wall Street needs a new saying: "Y'all are a bunch of greedy assholes."I've read several Michael Lewis books, and he does a good job explaining complex subjects to lay people. I'd recommend this book (and the quirky movie
Original review: May 4, 2010Lewis has a talent for making his readers feel smart. Taking in his best works, youre granted kinship with the elite. Like a trader at Salomon Brothers, you might laugh at the chumps in the bond market; or like the money-constrained boss of the Oakland As, you might cobble together a winning line-up by way of statistics; or like a genius of modern day football, you would recognize the importance of a great left tackle in protecting your quarterbacks blind side. Now,
This is the best description so far of the inside story about the sub-prime mortgage crisis. Reading this book is like riding a time machine back a couple years, walking into the Wall Street offices and asking them, "What in the world were you thinking?" The story is told from the view point of several investors who were betting against the sub-prime mortgage industry. But there were so few other people who saw it their way that they kept second guessing their position because they couldn't
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