The Big Short: Inside the Doomsday Machine

Michael Lewis (Author)
Available

Description


The crucial question is this: 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? Michael Lewis turns the inquiry on its head to create a fresh, character-driven narrative brimming with indignation and dark humor, a fitting sequel to his #1 best-selling Liar's Poker. Who got it right? he asks. Who saw the real estate market for the black hole it would become, and eventually made billions of dollars from that perception? And what qualities of character made those few persist when their peers and colleagues dismissed them as Chicken Littles? Out of this 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 times.

Product Details

Price
$29.95  $27.55
Publisher
W. W. Norton & Company
Publish Date
March 15, 2010
Pages
266
Dimensions
6.34 X 1.05 X 9.17 inches | 1.1 pounds
Language
English
Type
Hardcover
EAN/UPC
9780393072235
BISAC Categories:

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About the Author

Michael Lewis is the best-selling author of Liar's Poker, Moneyball, The Blind Side, The Big Short, and The Undoing Project. He lives in Berkeley, California, with his wife and three children.

Reviews

Superb: Michael Lewis doing what he does best, illuminating the idiocy, madness and greed of modern finance. . . . Lewis achieves what I previously imagined impossible: He makes subprime sexy all over again.--Andrew Leonard
One of the best business books of the past two decades.--Malcolm Gladwell
I recommend everyone within the sound of my voice to read [this] book.--Senate Majority Leader Harry Reid (D-Nev.)
I read it, marked it up for my staff, underlined it, made copies and asked them to read it.--Senator Carl Levin (D-Mich.)
[A]n incredible piece of commentary on Wall Street.--Rep. Jackie Speier (D-Calif.)
No one writes with more narrative panache about money and finance than Mr. Lewis....[he] does a nimble job of using his subjects' stories to explicate the greed, idiocies and hypocrisies of a system notably lacking in grown-up supervision....Writing in faintly Tom Wolfe-ian prose, Mr. Lewis does a colorful job of introducing the lay reader to the Darwinian world of the bond market.--Michiko Kakutani
I read Lewis for the same reasons I watch Tiger Woods. I'll never play like that. But it's good to be reminded every now and again what genius looks like.--Malcolm Gladwell