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The Big Short Audiobook

The Big Short: Inside the Doomsday Machine

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Publisher's Summary

Featuring an exclusive audio interview with Michael Lewis

When the crash of the U.S. stock market became public knowledge in the fall of 2008, it was already old news. The real crash, the silent crash, had taken place over the previous year, in bizarre feeder markets where the sun doesn’t shine, and the SEC doesn’t dare, or bother, to tread: the bond and real-estate derivative markets, where geeks invent impenetrable securities to profit from the misery of lower- and middle-class Americans who can’t pay their debts. The smart people who understood what was or might be happening were paralyzed by hope and fear; in any case, they weren’t talking.

The crucial question is this: Who understood the risk inherent in the assumption of ever-rising real-estate prices, a risk compounded daily by the creation of those arcane, artificial securities loosely based on piles of doubtful mortgages?

Michael Lewis turns the inquiry on its head to create a fresh, character-driven narrative brimming with indignation and dark humor, a fitting sequel to his number-one best-selling Liar’s Poker. "Who got it right?" he asks. Who saw the ever-rising real-estate market for the black hole it would become, and eventually made billions of dollars from that perception? And what qualities of character made those few persist when their peers and colleagues dismissed them as Chicken Littles?

Out of this handful of unlikely—really unlikely—heroes, Lewis fashions a story as compelling and unusual as any of his earlier best sellers, proving yet again that he is the finest and funniest chronicler of our times.

©2010 Michael Lewis (P)2010 Simon & Schuster

What the Critics Say

“No one writes with more narrative panache about money and finance than Mr. Lewis....[he] does a nimble job of using his subjects’ stories to explicate the greed, idiocies and hypocrisies of a system notably lacking in grown-up supervision....Writing in faintly Tom Wolfe-ian prose, Mr. Lewis does a colorful job of introducing the lay reader to the Darwinian world of the bond market.” (Michiko Kakutani - The New York Times)

“Superb: Michael Lewis doing what he does best, illuminating the idiocy, madness and greed of modern finance. . . . Lewis achieves what I previously imagined impossible: He makes subprime sexy all over again.” (Andrew Leonard - Salon.com)

"[Michael Lewis] is the finest storyteller of our generation.” (Malcolm Gladwell)

What Members Say

Average Customer Rating

4.6 (9181 )
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Performance
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  •  
    fabricio 12-30-15
    fabricio 12-30-15 Member Since 2012
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    "Best explanation of the 2008 financial meltdown"

    It is the best book read in2015, you will not be disappointed. It covers technical terminology but still easy to understand

    0 of 0 people found this review helpful
  •  
    Averill Earls Williamstown, VT, US 12-30-15
    Averill Earls Williamstown, VT, US 12-30-15 Member Since 2015
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    7
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    "For the financially curious and worried about the U.S"

    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.

    0 of 0 people found this review helpful
  •  
    David 12-29-15
    David 12-29-15 Member Since 2014
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    "Great insight into the collapse of 2008"

    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.

    0 of 0 people found this review helpful
  •  
    Joseph Pica 12-21-15
    Joseph Pica 12-21-15 Member Since 2014
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    "A bit too long"

    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.

    0 of 0 people found this review helpful
  •  
    Chrism13 12-21-15
    Chrism13 12-21-15 Member Since 2014
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    "great book"

    excellent book . takes a complicated subject and makes it easy to follow as it describes what happened when the bottom fell out.

    0 of 0 people found this review helpful
  •  
    James 12-21-15
    James 12-21-15 Member Since 2013
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    "OK"

    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.

    0 of 0 people found this review helpful
  •  
    jeffry l. stoddard 12-19-15
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    "Fantastic book, great reading"

    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.

    0 of 0 people found this review helpful
  •  
    John 12-14-15
    John 12-14-15 Member Since 2016
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    "Exceptional Read"

    Fascinating insight into the sub-prime lending fiasco. Well told and obviously well researched.

    0 of 0 people found this review helpful
  •  
    willow33 12-13-15
    willow33 12-13-15
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    "Excellent"
    Any additional comments?

    I thought it might be difficult to follow the story of what went wrong in the 2008 financial crisis in an audio version, but Michael Lewis, as usual, does such a great job making the convoluted and estoteric understandable I had no problem following the sordid and sorry tale, helped by Jesse Boggs excellent reading.

    0 of 0 people found this review helpful
  •  
    dean 12-13-15
    dean 12-13-15 Member Since 2012
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    4
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    "An education in finding value"

    very F'n educational, Now I feel the Bern! My neighborhood went to crap, seemed like every other home on my block was being foreclosed on. I was suddenly upside in my home mortgage loan. I tried loan re-organazation, denied. interest rate went up to 18%. I stopped making the payments and saving the money. Sold the house short at 65,000 loss. Paid cash for my current home, but my credit score is crap now.
    THIS BOOK EXPLAINS HOW IT CAME TO BE

    0 of 0 people found this review helpful

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