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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 (9812 )
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Performance
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  •  
    Ed.Win Fort Worth, TX, US 01-18-16
    Ed.Win Fort Worth, TX, US 01-18-16 Member Since 2015
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    "Narration is even better than flash boys."

    This book is even better than flash boys because of the better narration. Flash boys was painful to listen.

    0 of 0 people found this review helpful
  •  
    Eric Swidey 01-15-16
    Eric Swidey 01-15-16
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    "Good education on CDO and CDS but story is a bore"

    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.

    0 of 0 people found this review helpful
  •  
    Jesse 01-13-16
    Jesse 01-13-16 Member Since 2015
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    "Great info about the recession"

    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.

    0 of 0 people found this review helpful
  •  
    01-11-16
    01-11-16 Member Since 2017

    denev1

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    "Entertaining and Eye Opening"

    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?

    0 of 0 people found this review helpful
  •  
    Nancy 01-05-16
    Nancy 01-05-16 Member Since 2015
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    "Ugh"

    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.

    0 of 0 people found this review helpful
  •  
    Zeta Cross Philadelphia, PA 12-31-15
    Zeta Cross Philadelphia, PA 12-31-15 Member Since 2014

    real estate agent, owner of a fixer upper

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    "Mesmerizing!"

    I had just seen the movie & wanted to know more. Gripping. Important and fun to listen to. Americans need to know this history.

    0 of 0 people found this review helpful
  •  
    Nick 12-31-15
    Nick 12-31-15 Member Since 2015
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    "What a great book"
    What did you love best about The Big Short?

    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. <br/><br/>I would recommend to anyone weather they like finance and wall street stuff or not!


    What does Jesse Boggs bring to the story that you wouldn’t experience if you just read the book?

    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.


    0 of 0 people found this review helpful
  •  
    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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    "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

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