The Big Short

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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. New Read Kindle ePUB The Big Short By Michael Lewis – kino-fada.fr The Subprime Mortgage Crisisit 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 saybut it s too easy There were clearly some major crooks, scumbags and swindlers involved in this monetary atrocitya number of whom should have been taken out to the desert and shot, in my very pissed off opini The Subprime Mortgage Crisisit 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 saybut it s too easy There were clearly some major crooks, scumbags and swindlers involved in this monetary atrocitya number of whom should have been taken out to the desert and shot, in my very pissed off opinion ...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 Street firm, I do not know what will Lewis may single handedly revive stuffing...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 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 gover... 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 Street in 2008 the reality finally overwhelmed perceptions A crowded theater burned down with a lot of people still in their seats Every major firm on Wall Street was either bankrupt or fatally intert 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 Street in 2008 the reality finally overwhelmed perceptions A crowded theater burned down with a lot of people still in their seats Every major firm on Wall Street was either bankrupt or fatally intertwined with a bankrupt system The problem wasn t that they had been allowed to fail The problem was that they had been allowed to succeed.I must just have a thing for any work having to do with the Doomsday Machine that was our economy at and around the Great Recession Not only did I thoroughly enjoy this book and learned a hell of a lot from it as well but I al...Original review May 4, 2010Lewis 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 cobble together a winning line up by way of statistics or like a genius of modern day football, you would recognize the importance of a great left tackle in protecting your quarterback s blind side Now Original review May 4, 2010Lewis 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 cobble together a winning line up by way of statistics or like a genius of modern day football, you would recognize the importance of a great left tackle in protecting your quarterback s blind side Now, with The Big Short, you will have no doubt foreseen the folly of investing in subprime mortgages with their impending defaults He does this in a very readable way, too The characters are all interesting often genuinely quirky And his vantage point as a quasi insider signifies the straight scoop Whatever the topic, he explains its subtleties well enough that you can paraphrase it to impress friends over cocktails Our man Lewis was clever t...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 books were added to people s grocery bags At one time this was the it book to read The Big Short was everywhere Michael Lewis became a popular household name.Hugely entertaining and informative lo 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 c...Be fearful when others are greedy and greedy only when others are fearfulWarren BuffettSome 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 burst It left...Remember that point, in recent years, when we all started to notice something strange Houses were gettingandexpensive, interest rates were droppingand , 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 people buying houses with no money down and interest only payments for three years How exactly were these people expecting to make principal payments in three years And why was anyone lending them mon Remember that point, in recent years, when we all started to notice something strange Houses were gettingandexpensive, interest rates were droppingand...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 saying Y all are a bunch of greedy ass...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 thing and or work harder This book exclusively features people who were criminally stupid, those who w...

The Big Short
  • 14 June 2018
  • Paperback
  • 320 pages
  • 039335315X
  • Michael Lewis
  • The Big Short