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sarkynir's review against another edition
2.0
I honestly thought this book was going to be more interesting than it was. But yeah, corruption in our large corporations and a handful of people with enough brains to see what's going on.
mimig312's review against another edition
4.0
The Big Short explains the who, why, when and where of the subprime mortgage collaspe from three different perspectives. The author often provides more detail and background on other key players and backs up actual events with more back story to drive home the point of how crazy the whole thing was. The selling methods, bond packaging, and bond ratings are so convoluted its confusing to understand. Sadly, as the author notes, that was the point. The investors, insurance companies, CEOs, even the traders didn't truly get what the real risk was when they created and sold these risky assets. A few people did and shorted the market just in time.
I was in awe reading the book at times. The greed that drove some of the key players to create the bets that they did with billions of dollars astounds me. Left unchecked, greed made millions of loans that it shouldn't have which collapsed the housing market and subsequently Wall Street.
I was in awe reading the book at times. The greed that drove some of the key players to create the bets that they did with billions of dollars astounds me. Left unchecked, greed made millions of loans that it shouldn't have which collapsed the housing market and subsequently Wall Street.
rupiezum's review against another edition
4.0
I was definitely in over my head with the complex Financials - but this book made it all as accessible and understandable as possible.
tvrandhavane's review against another edition
5.0
What drama! If only it hadn't already happened, I wouldn't have believed that it did. Lewis tells the story of outsiders who foresaw the biggest calamity and tried to tell everyone what was going on. But nobody trusted them, so they bet against the system and when the system eventually fell, they were left with huge piles of money. Lewis tells this story for people who aren't familiar with the Wall St jargon and makes it easy to understand. The writing style is good and I liked how he organized the story and timeline. You are intrigued even if you know what was going to happen in the end. I would definitely give this book 5 stars.