Read The Big Short: Inside the Doomsday Machine Online Free - 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 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.
|Title||:||The Big Short: Inside the Doomsday Machine|
|Number of Pages||:||305 pages|
February 29, 2012
The Subprime Mortgage Crisis...it’s too easy to just lay blame on a cabal of greed-constipated Wall Street sphincters who unzipped their consciences, yanked down their morals and dropped a huge deuce on the U.S. financial system.
In many ways it’s TRUE and it feels REALLY good to say...but it’s...
January 22, 2016
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...
June 29, 2016
”The ability of Wall Street traders to see themselves in their success and their management in their failure would later be echoed, when their firms, which disdained the need for government regulation in good times, insisted on being rescued by government in bad times. Success was an individual a...
October 04, 2017
...there's a difference between an old-fashioned financial panic and what had happened on Wall Street in 2008. In an old-fashioned panic, perception creates its own reality: Someone shouts "Fire!" in a crowded theater and the audience crushes each other to death in its rush for the exits. On Wall...
January 26, 2016
Original review: May 4, 2010
Lewis has a talent for making his readers feel smart. Taking in his best works, you’re 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 A’s, you might...
December 25, 2015
Update: Christmas greetings to those of you who celebrate!
Paul and I are seeing this movie today!
I'm guessing the movie will be great!
Hasn't everyone read this book? In my area --extra copies could be found at bus stops around town -on tables in Star Bucks -
I wouldn't have been surprised if boo...
December 13, 2011
Remember that point, in recent years, when we all started to notice something strange? Houses were getting more and more expensive, interest rates were dropping more and more, and most of us knew someone who had no money, but was able to get a huge mortgage. And then there were all the stories of...
June 06, 2016
“Be fearful when others are greedy and greedy only when others are fearful.”
- Warren Buffett
Some of the most essential financial lessons I ever learned came from comic books back in the ‘90s when a bubble fueled by idiotic speculation on crappy books marketed as ‘collector’s editions’ eventually...
August 11, 2017
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...
January 19, 2016
This book made me want to vomit, then take a bath in a tub of bleach. Not because it's not well-written, but because the story is so repugnant and grotesque.
Lewis' last book "The Blind Side" told the stories of a lot of people who, when faced with impossible situations, chose to do the right thin...