The Big Short: Inside the Doomsday Machine - Hardcover

Lewis, Michael

Hardcover

ISBN 10: 0393072231 ISBN 13: 9780393072235

Publisher: W. W. Norton & Company, 2010

Synopsis

The #1 New York Times bestseller: a brilliant account―character-rich and darkly humorous―of how the U.S. economy was driven over the cliff.

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 #1 best-selling Liar’s Poker. Who got it right? he asks. Who saw the 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 bestsellers, proving yet again that he is the finest and funniest chronicler of our times.

About this title

From the Back Cover:

Why Michael Lewis, according to Malcolm Gladwell, “is the finest storyteller of our generation”:
Liar’s Poker

“So memorable and alive. . . . It’s one of those rare works that encapsulate and define an era. . . . Remember the 1980s? When you want to recall this roaring decade, pick up a copy of Liar’s Poker.” ―Fortune

“Devastatingly funny.” ―New York
Moneyball

“The best business book Lewis has written. It may be the best business book anyone has written.” ―Mark Gerson, The Weekly Standard

“A brilliantly told tale. . . . Michael Lewis’s beautiful obsession with the idea of value has once again yielded gold.” ―Garry Trudeau

About the Author:

Michael Lewis is the best-selling author of Liar’s Poker, Moneyball, The Blind Side, The Big Short, and The Undoing Project. He lives in Berkeley, California, with his wife and three children.

About this edition

• Publisher: W. W. Norton & Company
• Publication date: 2010
• ISBN 10: 0393072231
• ISBN 13: 9780393072235
• Binding: Hardcover
• Edition number: 1
• Number of pages: 288