The Big Short: Inside the Doomsday Machine by Michael LewisThe Big Short: Inside the Doomsday Machine by Michael Lewis

The Big Short: Inside the Doomsday Machine

byMichael LewisRead byJesse Boggs

Audio Book (CD) | April 1, 2014

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Featuring an Exclusive Audio Interview with Michael Lewis

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: 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.

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 bestselling Liar’s Poker. Who got it right? he asks. Who saw the ever-rising 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.

Michael Lewis, “is the finest storyteller of our generation.”—Malcolm Gladwell
Michael Lewis was born in New Orleans, Louisiana on October 15, 1960. He received a BA in art history from Princeton University in 1982 and a Masters in Economics from the London School of Economics in 1985. He is a non-fiction author/journalist of mostly financial themes. His books include Liar's Poker, Moneyball: The Art of Winning a...
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Title:The Big Short: Inside the Doomsday MachineFormat:Audio Book (CD)Dimensions:5.88 × 5 × 0.8 inPublished:April 1, 2014Publisher:Simon & Schuster AudioLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:1442370300

ISBN - 13:9781442370302

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Reviews

Rated 4 out of 5 by from Great Read Great read for anyone, whether you are into finance or not. It is easy to understand, and helps you grasp what really goes on in the stock market. Very applicable, especially after the 2008 stock market crash.
Date published: 2017-01-11
Rated 4 out of 5 by from Wonderful easy read I received this book as a gift and read in a few days. The book is about the reality of the Wall Street Banks greed involved in the SubPrime mortgages. It is a story about a few of the people who thought that there may be something wrong with giving mortgages to people who cannot pay. I look forward to seeing the movie
Date published: 2015-12-29