The Big Short: Inside the Doomsday Machine

Michael Lewis

ISBN 10: 0393072231 / ISBN 13: 9780393072235

Published by W. W. Norton & Company, New York, 2010

About this Item

Hardcover first edition in fine condition. Dust jacket shows light wear to the top edge; boards are clean, square, and bright, with no rubbing or fading. Pages are crisp and bright throughout, free of any marks, stamps, or annotations. A very presentable copy of a title that is increasingly difficult to find in hardcover.

Seller Inventory # ABE-1781639250531

Bibliographic Details

• Title: The Big Short: Inside the Doomsday Machine
• Publisher: W. W. Norton & Company, New York
• Publication Date: 2010
• Language: English
• ISBN 10: 0393072231
• ISBN 13: 9780393072235
• Binding: Hardcover
• Edition: 1st Edition
• Printing: 5th or later Printing
• Condition: Fine
• Dust Jacket Condition: Very Good

About this title

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 the Author

Michael Lewis is the best-selling author of Liar’s Poker, Moneyball, The Big Short, The Undoing Project, and The Fifth Risk. He lives in Berkeley, California, with his family.