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.
Mr. Lewis does a very good job explaining the complicated esoteric financial structures and the forces at work in the macro that produced a perfect storm to crash the Financial markets in 2008. He also sheds light on the individuals who were smart enough and objective enough to see the catastrophe early and position themselves to profit massively from their insight into the insanity.
The first half of the book, like Liars Poker, is very good and very interesting. The second half it starts to drag slightly. I think a couple of hours could have been shaved off it and still made for a very good book. Having said that it is still worth the read to understand what happened in 2007 and 2008.
Not much value here (in terms of providing an explanation of how/why the housing market collapsed) that couldn't have been covered in a 10-minute segment on 60 minutes. I was expecting more insight into the key participants.
One of the most riveting non fiction books I've ever experienced. I listened shortly before seeing the movie, and it made the movie that much better for having understood the concepts beforehand. The history of the collapse is wild.