Basics of Money


The Big Short
  • Author: Michael Lewis
  • Publisher: Norton, W. W. & Company, Inc., 320 pages

Dive into the financial crash of 2008 and the world of bond and real estate derivatives. Michael Lewis makes matters such as subprime mortgage bonds, credit default swaps and collateralized debt obligations more interesting - and comprehensible - than you would expect. His conversational tone breaks down complex topics for the layperson, without talking down to the reader (Lewis wrote in Vanity Fair that "[my mother] has always been my standard: if my mother can't understand what I'm saying, there's no point in saying it"). Plus, since he tells the story through a quirky crew of investors who predicted the crisis and bet against it - to their own profit - the book reads almost like a novel.


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