Panic: The Story of Modern Financial Insanity - Hardcover

Hardcover

ISBN 10: 0393065146 ISBN 13: 9780393065145

Publisher: W. W. Norton & Company, 2008

Synopsis

A masterful account of today's money culture, showing how the underpricing of risk leads to catastrophe.

When it comes to markets, the first deadly sin is greed. Michael Lewis is our jungle guide through five of the most violent and costly upheavals in recent financial history: the crash of '87, the Russian default (and the subsequent collapse of Long-Term Capital Management), the Asian currency crisis of 1999, the Internet bubble, and the current sub-prime mortgage disaster. With his trademark humor and brilliant anecdotes, Lewis paints the mood and market factors leading up to each event, weaves contemporary accounts to show what people thought was happening at the time, and then, with the luxury of hindsight, analyzes what actually happened and what we should have learned from experience.

As he proved in Liar's Poker, The New New Thing, and Moneyball, Lewis is without peer in his understanding of market forces and human foibles. He is also, arguably, the funniest serious writer in America.

About this title

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.

From AudioFile:

A compilation of articles by the author, one of today's most insightful chroniclers of American finance and culture, and other financial luminaries paints a vivid picture of the roads we took to get to this stage of the current economic debacle. While Jesse Boggs and Blair Hardman are both strong and effective, it's not clear what is added by the double narration. Either reader would have been fine for this basic commentary. Both render Lewis's subtle wit beautifully. The closing interview with the author is an added bonus. A good production for listeners who want some back story on how we got to this pass, and what we might expect as this economic crisis plays itself out. M.C. © AudioFile 2008, Portland, Maine

About this edition

• Publisher: W. W. Norton & Company
• Publication date: 2008
• ISBN 10: 0393065146
• ISBN 13: 9780393065145
• Binding: Hardcover
• Number of pages: 352
• Editor: Michael Lewis