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9780393072235

The Big Short: Inside the Doomsday Machine

Lewis, Michael

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9780393072235: The Big Short: Inside the Doomsday Machine

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.

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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, the best-selling author of Liar’s Poker, The Money Culture, The New New Thing, Moneyball, The Blind Side, Panic, Home Game, The Big Short, and Boomerang, among other works, lives in Berkeley, California, with his wife and three children.

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9780393338829: The Big Short: Inside the Doomsday Machine

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9780141983301: The Big Short. Film Tie-In
9781508214465: The Big Short: Inside the Doomsday Machine

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Book Description U.S.A.: W. W. Norton & Company, 2010. Hardcover. Book Condition: New. Dust Jacket Condition: New. 1st Edition. BOOKSTORE Brand NEW and Flawless SIGNED copy. NEW Unmarked Hardcover in NEW unclipped DJ PERSONALLY INSCRIBED BY AUTHOR. 2010 Norton Stated 1st Edition, 4th Printing in Flawless, Gift Quality condition. Buy only from those dealers who describe their book in full detail; avoid undisclosed surprises. FLAWLESS DJ, original $27.95 price intact on front flap, shows no shelfwear of any kind and is now in complimentary clear archival jacket (easily removable). Book is personally INSCRIBED(flat signed) in blue ink by Michael Lewis directly on the title page. This is a personal inscription rather than a signed pasted-on label or signed blank sheet bound in later. Book is otherwise completely unmarked, fresh and Immaculate: no remainder marks; no bookseller stamps or stickers; no owner signatures, bookplates, inscriptions, notes, underlining. Cloth coverboards, spine, binding, corners, endpapers are all impeccable. Pages are crisp, fresh, white and bright; there are no soiled, creased, loose, damaged or missing pages. Michael Lewis writes a brilliant and immensely readable tale of the collapse of the out-of-control, real estate derivatives market in 2007 which led directly to the broader stock market crash of 2008. Ships immediately, wrapped properly and shipped in new hard box with special protective packaging by an experienced collectible book dealer. No old newspaper, plastic shopping bags, trash can liners, "recycled" old cardboard or jiffy bags are used as shipping material. Email confirm with postal tracking information sent upon shipment. VERY FINE, Rare Signed 1st Edition. Signed by Author(s). Bookseller Inventory # ABE-18130069518

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