If you read only one book about the causes of the recent financial crisis, let it be Michael Lewis' The Big Short. The thing that makes his story so great is that he tells it through the eyes of the 4 groups of men that had the courage to take a position that opposed the smartest men in the financial industry and, sad to say, our government. They were some of the first to see the fraud behind the subprime meltdown and found a way to make a fortune off the financial systems' crash.
Michael Lewis'; new book gives a slightly less complicated view into the disaster by recounting the stories of these savvy renegades who cashed in on their belief that the system was rotten. In doing so, we end up rooting for people who helped bring about the catastrophe that put a lot of good people out of work.
Still, the stories of these men make clear the greed, stupidity and double standards of a system lacking in grown-up supervision. A system, refueled by tax payer billions, that continues to be filled with the same firms, the same super rich executives, and the same destructive thought processes that disdained the need for government regulation in good times, but insisted on being rescued by government in bad times.
This is a fascinating book that should be read by anyone that wants to better understand the causes of the recent financial crisis. Be careful, as one reader put it, "Don't read this if you want to mellow out. This book will make you furious."
This book provides a wealth of knowledge. It is true you probably need both the audio version and the book. It is jammed packed with lots of helpful information.
This book brought me an amazing set of personal revelations. Its insights allow me practical information that I can apply and improve my personal and professional lives.
Jim Collins' reading was GREAT! He didn't simply read the words on the page, he sought to create a separate audible version of the book. The audio version is complete on its own without the supporting text.
Joel's writing style, personality, and investing insights are eye opening. It is a fantastic book.
I was fascinated by with the simple, uncomplicated story of a complicated, lovable multi-billionaire that loves money, loving realtionships, and teaching others.
The book was very well read.
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