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A review by ptothelo
The Big Short: Inside the Doomsday Machine by Michael Lewis
4.0
This was much easier to read and understand than Panic!: The Story of Modern Financial Insanity. And now I feel like I have a better handle on how it all unfolded. But this makes it that much more insane and depressing.
There are probably still some financial terms and trades that I don't fully understand, but what's not difficult to understand is how f'd up everything was on every level. And apparently people who predicted everything would collapse bet against the market and people who caused the collapse made a ton of money before and after the crisis, leaving everyone else in the cold. So it's unclear if any lessons were learned at the end of the day. Urgh.
There are probably still some financial terms and trades that I don't fully understand, but what's not difficult to understand is how f'd up everything was on every level. And apparently people who predicted everything would collapse bet against the market and people who caused the collapse made a ton of money before and after the crisis, leaving everyone else in the cold. So it's unclear if any lessons were learned at the end of the day. Urgh.