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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

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  •  
    William E. Hendry 10-22-17 Member Since 2017
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    "I Was Caught Up In That Mess"

    Minus $ 120,000. Now I really know! I wonder if I was wrapped up in those CDO's that Iceland bought.?

    0 of 0 people found this review helpful
  •  
    Viccy kings 10-19-17
    Viccy kings 10-19-17 Member Since 2017
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    "Love it!"

    Pro tip listen at 2.25 it makes the story more rivetting and the suspense higher. the narrator did a great job.

    0 of 0 people found this review helpful
  •  
    Saul Huizar 10-11-17
    Saul Huizar 10-11-17 Member Since 2015
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    "Must Read"

    fantastic story!!! great incite to the problems associated with a flawed system backed by a socialist government.

    0 of 0 people found this review helpful
  •  
    Kevin Lawless 10-02-17 Member Since 2015
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    "A Must Read!"

    All Americans should learn the details of the utter greed and incompetent behavior that led to the housing bubble and subsequent economic melt down.

    0 of 0 people found this review helpful
  •  
    samuel smith 09-15-17 Member Since 2014
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    "top notch....well told"

    kept me engaged the whole time. I am a CPA and work in corporate finance and still found this extremely interesting.

    0 of 0 people found this review helpful
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    R. A. Steele 09-07-17 Member Since 2014
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    "A Strangely Funny Read"

    Like laughing at the end of the world, this telling of the 2008 meltdown is funny at the oddest moments. You laugh along with the three protagonists as they marvel at the stupidity on display in Wall Street as the markets fall for a scam they knew was a scam. Bought and held financial instruments that they knew could not be accurately valued. This is the reason to listen to this work. To reassure yourself that there are honest people left in the world, even though they may be powerless to stop the oncoming catastrophe.

    0 of 0 people found this review helpful
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    family man Texas 09-06-17
    family man Texas 09-06-17 Member Since 2016
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    "Compelling Story"

    it explains the complex world of derivatives and has interesting characters to keep you engaged.

    0 of 0 people found this review helpful
  •  
    David Stewart Titusville, FL USA 08-18-17
    David Stewart Titusville, FL USA 08-18-17 Member Since 2012
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    "An Inside Look at Wall Street"

    This is a classic story of American greed on a grand scale. Michael Lewis tells it factually, in easy to understand language. Jesse Boggs' narration is excellent.

    0 of 0 people found this review helpful
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    Manjunath Iyer 08-12-17 Member Since 2017
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    "Amazing insights to the market crash"

    After watching the movie, I decided to read the book and wasn’t disappointed. The book has a lot more details and insights into the things that transpired during the years before the market crash. As a non finance person, it was very informative. I thoroughly enjoyed it and recommend to everyone as a must read.

    0 of 0 people found this review helpful
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    Scott CLARKSVILLE, MD, United States 07-15-17
    Scott CLARKSVILLE, MD, United States 07-15-17
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    "Mortgage Banker"

    I am in the industry so maybe I would like better than you will. I recommend reading it and then watching the movie because it's somewhat complicated stuff.

    0 of 0 people found this review helpful

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