Panic!: The Story of Modern Financial Insanity - Couverture rigide

Lewis, Michael

Couverture rigide

ISBN 10 : 0393065146 ISBN 13 : 9780393065145

Editeur : W W Norton & Co Inc, 2008

Synopsis

Panic The author of "Liar's Poker" and "Moneyball" guides readers through five of the most violent and costly upheavals in recent financial history. Lewis describes the market factors leading up to each event, shows what people thought was happening, and analyzes what actually happened. Full description

A propos du livre

Présentation de l'éditeur

#1 New York Times bestselling author of The Big Short and The Blind Side, Michael Lewis’s masterful collection of articles and essays on the world’s most recent financial panics is now available from Simon & Schuster Audio for only $14.99.

When it comes to markets, the first deadly sin is greed. In Panic!, #1 bestselling author Michael Lewis has chosen several pieces of brilliant journalism to illuminate 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. Among the unabridged selections are several pieces by Lewis himself, whose writing also introduces each section, as well as contributions from Nobel Prize-winner Paul Krugman, James Surowiecki, and others writing in Fortune, The New Yorker, and The New York Times.

Some of the pieces paint the mood and market factors leading up to the particular crash, or show what people thought was happening at the time. Others, with the luxury of hindsight, analyze what actually happened. There are sobering messages common to these narratives: the lessons that should have been learned along the way were for the most part ignored; and when push comes to shove—when all investors run to the same side of the boat—the carefully devised protections against risk turn out to be wishful thinking.

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

Présentation de l'éditeur

Edited by the bestselling author of Liar's Poker, Michael Lewis, Panic! Tbe Story of Modern Financial Insanity gives us a completely new insight into how markets really operate - and who really knows what they're talking about. From Black Monday to the Asian financial crisis, from the internet bubble to mortgage meltdown, our lives are ruled by crazy cycles of euphoria and hysteria that manage to grip the world but are all-too-soon forgotten. In this unique collection of articles Michael Lewis - ex-trader and bestselling chronicler of greed and frenzy in the markets - casts a sceptical eye back over the most panicked-about panics of recent decades. He tells a story of boom and bust, deranged greed, outsized egos and over-inflated salaries, where the only thing that can ever be predicted is our constant inability to predict anything. Using contemporary accounts from commentators such as Joseph Stiglitz, Jeffrey Sachs and Paul Krugman, plus many of his own best writings, Lewis conveys the mood before each catastrophe, what it was like in the heat of the moment, how, afterwards, we tried to explain away the chaos - and then failed to learn from it before the whole process started all over again. Michael Lewis was born in New Orleans and educated at Princeton University and the London School of Economics. He has written several books including the New York Times bestseller, Liar's Poker, widely considered the book that defined Wall Street during the 1980s, Panic!, Moneyball, later adapted into a film of the same name starring Brad Pitt, and Boomerang. Lewis is contributing writer for the New York Times Magazine, columnist for Bloomberg and Slate.

Détails de l'édition

• Éditeur: W W Norton & Co Inc
• Date d'édition: 2008
• Langue: anglais
• ISBN 10: 0393065146
• ISBN 13: 9780393065145
• Reliure: Relié
• Numéro d'édition: 1
• Nombre de pages: 391
• Coordonnées du fabricant: non disponible
• Personne responsable: non disponible