The Big Short is a book by Michael Lewis that tells the story of the 2008 financial crises and some of the people who saw it coming. Lewis is a great writer. He takes a subject which is fundamentally rather dull and boring, and tells stories in such an accessible and engaging way that it is difficult to put it down.
It preaches a similar story to that of his later book, Flash Boys. That is that almost nobody in the banking industry really knows what is going on. They churn out new products and new systems so fast that none of them really understand it. Their, and our doom. But at least it makes good reading.
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Tags: banking, banks, finance, michael lewis, stock market
This entry was posted on Tuesday, May 27th, 2014 at 10:30 am and is filed under Books. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.