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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 (9189 )
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Performance
Sort by:
  •  
    Rob T. 12-12-15
    Rob T. 12-12-15 Member Since 2016
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    "Makes you angry but might be Lewis' best work yet"

    Really fascinating stuff but be warned that understanding the trades that were occurring isn't all that straight forward

    0 of 0 people found this review helpful
  •  
    Jim W. 12-11-15
    Jim W. 12-11-15 Member Since 2013
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    "A must read. Most people don't realize the banks are not your friends."

    The big banks are not you friends. Bank at a local small bank that doesn't have an international investment arm.

    0 of 0 people found this review helpful
  •  
    Chris 12-11-15
    Chris 12-11-15 Member Since 2016
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    7
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    "So much clarity!"

    This is my second book by Lewis and what a delight it was!

    Having listened to Christine Richard's Confidence Game (also a great book), which talks about MBIA and Bill Ackman's short position, The Big Short helps to further clarify things like "trenches" and other terminology used on commercial paper. It also helps me understand the role of insurance companies and ratings on ABS.

    Narrator was great, and story helps me feel more informed.

    0 of 0 people found this review helpful
  •  
    John Croteau Pepperell, MA United States 12-10-15
    John Croteau Pepperell, MA United States 12-10-15 Member Since 2015
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    "Couldn't stop listening"

    Loved the topic and the story. Listened to it in my truck, and didn't want to leave when I got to my appointments. Can't get enough of this topic. Thank you Michael Lewis.

    0 of 0 people found this review helpful
  •  
    david krieger new york, ny USA 12-10-15
    david krieger new york, ny USA 12-10-15 Member Since 2015
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    "You will be mad"

    Extremely helpful analysis of the derivatives business during the financial meltdown leading to an eventual bailout of the investment banks which were responsible for the naked risks which caused the calamity. Awesome story and looking forward to the movie.

    0 of 0 people found this review helpful
  •  
    Carter E. 12-09-15
    Carter E. 12-09-15 Member Since 2013
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    "Missing Big Parts of Crisis Events"

    I wonder if Michael Lewis is interested in informing his readers of the entire story of the 2007-2009 Financial Crisis and not just the parts that fit a narrative that sells books?

    This book will provide mental certainty for some people who want to only focus on some (and important aspects) of the Crisis. But it misses other large parts of the crisis and the following response to it.

    0 of 0 people found this review helpful
  •  
    Santiago 11-21-15
    Santiago 11-21-15
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    "Nice story telling to understand complex situations!"

    Very interesting style to describe a complex situation and make it sound interesting for the listener. It takes some effort though to connect the dots between several new concepts if you were not familiar with financial terms. However it is worth the effort as by the end you have a better insight of what caused the last big crisis. Really recommended.

    0 of 0 people found this review helpful
  •  
    Jacob Reynolds 11-06-15 Member Since 2014
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    "Yes you should read it"

    If you were wondering what happened in the economic downturn, this will explain the specifics. Loved listening to it.

    0 of 0 people found this review helpful
  •  
    Spencer Connelly 11-02-15 Member Since 2015
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    3
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    "Fantastic! Truth is stranger than fiction."

    Lewis makes the complex world of high finance accessible and entertaining. He chooses great characters to show the madness of the recession.

    0 of 0 people found this review helpful
  •  
    Robert 10-25-15
    Robert 10-25-15 Member Since 2014
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    "Highly recommend"

    Must read if you want to better understand what caused the housing and stock market crash of 2007/2008.

    0 of 0 people found this review helpful

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