The Big Short: Inside the Doomsday Machine - Couverture rigide

Lewis, Michael

Couverture rigide

ISBN 10 : 0393072231 ISBN 13 : 9780393072235

Editeur : W. W. Norton & Company, 2010

Synopsis

Book by Lewis Michael

A propos du livre

Présentation de l'éditeur :

Featuring an Exclusive Audio Interview with Michael Lewis

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 bestselling Liar’s Poker. Who got it right? he asks. Who saw the ever-rising 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.

Michael Lewis, “is the finest storyteller of our generation.”—Malcolm Gladwell

Présentation de l'éditeur :

From the author of Liar's Poker, Michael Lewis's international bestseller The Big Short: Inside the Doomsday Machine is the extraordinary true story of the men who made millions from global economic meltdown. From the jungles of the trading floor to the casinos of Las Vegas, The Big Short tells the outrageous story of the misfits, renegades and visionaries who saw that the biggest credit bubble of all time was about to burst, bet against the banking system - and made a killing. 'In the hands of Michael Lewis, anything is possible ... if you want to know how a nation lost its financial mind - and have a good laugh finding out - this is the book to read'
  Sunday Times 'Magnificent ... a perfect storm of brilliant writer meeting big subject'
  Guardian 'A triumph ... riveting ... The Big Short reads like a thriller'
  The Times 'A terrifying story, superbly well told'
  Daily Telegraph 'A rollicking good yarn'
  Financial Times 'Probably the single best piece of financial journalism ever written'
  Reuters 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, The Blind Side, adapted into an Oscar-winning film starring Sandra Bullock, and Boomerang. Lewis is contributing writer for the New York Times Magazine, columnist for Bloomberg and Slate.

À propos de cette édition

• Éditeur: W. W. Norton & Company
• Date d'édition: 2010
• ISBN 10: 0393072231
• ISBN 13: 9780393072235
• Reliure: Relié
• Numéro d'édition: 1
• Nombre de pages: 288