Michael Lewis
Paperback | Pages: 320 pages Rating: 4.29 | 127636 Users | 6698 Reviews
Mention Out Of 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 | : | Deluxe 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 |
Representaion Toward 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.
Specify Books Concering 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) |
Rating Out Of Books The Big Short: Inside the Doomsday Machine (Liar's Poker #2)
Ratings: 4.29 From 127636 Users | 6698 ReviewsAssess Out Of Books The Big Short: Inside the Doomsday Machine (Liar's Poker #2)
In The Big Short, Michael Lewis outlines the causes of the housing crisis (which led to the larger Financial Crisis of 2007-2010), and tells the story of three small investment companies (basically four different investors) who saw it coming, bet against it, and made millions of dollars in the process. I really enjoyed reading about these individuals who foresaw the coming doom. Great human interest stories.I think one of the greatest take-away learnings for me is the explanation why nannies whoThe Subprime Mortgage Crisis...its 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 its TRUE and it feels REALLY good to say...but its too easy. There were clearly some major crooks, scumbags and swindlers involved in this monetary atrocity...a number of whom should have been taken out to the desert and shot, in my very pissed off
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
I think most are aware of the role subprime mortgages played in the 2007 banking crisis and the resulting worldwide financial crisis that followed in 2008. The subprime market was made up of house purchase loans and secondary (often re-finance) loans which were also secured against the property. This book walks us through the timeline following the rise in the popularity of these loans, how and when they began to get batched together and sold off in packages and the resultant collapse of the
An extremely well-written account of the 2008 financial collapse. It explained complex ideas like subprime mortgage bonds and CDO's in a clear way, and almost read like a fast paced thriller.Essentially it seems that a bad ratings system and human greed created an economy that fostered the creation of a lot of bad debts, that eventually went bad, and caused a lot of big companies to go under (Lehman brothers, Bear Sterns), or require a bailout (Goldman Sachs, AIG). This is the real crime. These
The best book on Wall Street months before the recession hit. Its a Wall Street history book.
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 achievement; failure was a social problem.The real estate market in the United States after several years of frantic growth peaked in 2004, which was the year I decided to start buying properties. I was
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