The Big Short: Inside the Doomsday Machine by Michael Lewis (EPUB)
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.
The Big Short
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.
Michael Lewis opens up the windows on this malodorous morass. Let’s some of the stink out by giving us an easily understandable, and eminently readable, synopsis of the financial ponzi-scheme that produced the most astoundingly epic financial crisis in U.S. history.
One of the most interesting aspects of the book for me was how eccentric the people on the “right” side of the crisis were. Lewis shows us just how bold and anti-herd mentality a person has to be in order to be convinced that everyone else in the market is crazy and that they are right. The people in this tale are very, very unique individuals and it makes the reading a lot of fun.
This is a terrific book. Well written, thoroughly engaging and paced very, very well.