Book Review: The Big Short by Michael Lewis

The Big Short: Inside the Doomsday MachineThe Big Short: Inside the Doomsday Machine by Michael Lewis
My rating: 4 of 5 stars

If you want to better understand the housing collapse of 2008 and have your brain turned into mush at the same time, read this. I was always intimidated by the complicated investments that lead to the demise of the subprime housing market and should have lead to the collapse of every public firm on Wall Street. Once I read this book I still didn't understand these investment schemes, but I felt better about it because neither did most of the people who were buying and selling these bonds, including the CEO's of all the big banks.

As always Michael Lewis tells a great story, and this one has affected every one of us.

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