Michael Lewis

The Big Short: Inside the Doomsday Machine

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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.
This book is currently unavailable
338 printed pages
Original publication
2011
Publication year
2011
Have you already read it? How did you like it?
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Impressions

    Roberto Millashared an impression6 years ago
    👍Worth reading

    I found the Big Short very interesting and insightful about this period in time and how depending on what side of the trade people where, they looked to justify the decisions each made, what I found even more baffling was that after everything was said and done most of the people involved simply never fully understood what had happened to make the things as they were and what's more incredible most simply did not care especially the government that instead of stepping in and regulating the market they just rewarded their stupidity.

Quotes

    hasanovaleyla1has quoted6 years ago
    As you know there are some select people that just find a drive in certain activities that supersedes EVERYTHING else.
    b3062476820has quoted6 years ago
    Investing well was all about being paid the right price for risk.
    Ilia Lotarevhas quoted7 months ago
    The subprime mortgage machine roared on. The loans that were being made to actual human beings only grew crappier, but, bizarrely, the price of insuring them--the price of buying credit default swaps--fell.

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