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 bestselling 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 bestsellers, proving yet again that he is the finest and funniest chronicler of our times.
"synopsis" may belong to another edition of this title.
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
Michael Lewis, the bestselling author of The Undoing Project, Liar’s Poker, Moneyball, The Blind Side, and The Big Short, among other works, lives in Berkeley, California, with his wife and three children.
"About this title" may belong to another edition of this title.
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Softcover. Condition: Fine. Leichte Kratzer / Abnutzungen / Druckstellen; Vergilbt / ausgeblichen. 'We fed the monster until it blew up .' While Wall Street was busy creating the biggest credit bubble of all time, a few renegade investors saw it was about to burst, bet against the banking system - and made a fortune. From the jungles of the trading floor to the casinos of Las Vegas, this is the outrageous story of the misfits, mavericks and geniuses who, against all odds, made the greatest financial killing in history. Seller Inventory # f2946674-2182-4ba0-8cc1-6b77d56deed6
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