Didnt read the book, but enjoyed the audio and watched the movie, learned a few things for sure, I wonder what the next big short will be... 401ks.. Goverment bonds...
This book is even better than flash boys because of the better narration. Flash boys was painful to listen.
You will know everything there is to know about all the financial instruments the Wall Street firms used to rob the American public but you won't care one bit about any character in this book.
I was intrigued about how the recession occurred and learned more than I'll ever need to know. If you're not a financial buff, you'll still get an idea about how the bond market and subprime mortgages work without having to do extra homework. Definitely a good read.
This book was a rare combination of entertaining and educational. I wish I felt better about the financial institutions that so much of our economy relies on buy after listening to this book it's clear that greed continues to be the motivating factor in the decisions made by these companies and that the government isn't equipped to understand and protect the consumer. How long until this happens again? What will be the newly created market that feeds upon itself and brings the world economy to the point of collapse?
I'm sure the movie was great! I understand what when on during this period, but for it to be put into words? Real snoozer. Tried to go back to it 3 separate times. Too boring as a read. Just my opinion.
real estate agent, owner of a fixer upper
I had just seen the movie & wanted to know more. Gripping. Important and fun to listen to. Americans need to know this history.
Michael Lewis is such an interesting story teller and this was a great financial story to tell, the almost complete destruction of our financial system, and how a few traders uncovered some serious flaws in the institutional imperative of wall street. This is by far the most entertaining book I have listened to, and it was actually difficult to listen to it in public on my head phones because it made me laugh out lough so many times.
I would recommend to anyone weather they like finance and wall street stuff or not!
The narration on this book was more than just an audible reading, Jesse did a great job making you feel like you were hearing the conversations yourself changing his tones and emotions in most of the quoted texts.
This is not Lewis' most energetic piece, but it was the most informative. Prior to listening to this I had a small inkling as to what actually caused the 2008 recession having been deployed at the time. Lewis explains how the crisis originated, however dryly, and brings to the forefront how yet again those in power are inadequately making tough decisions with little to no concern for the masses.
Great car listen btw.