Leverage. Michael Lewis is an adept storyteller, and his latest book, The Big Short: Inside the Doomsday Machine, presents a perspective on the subprime mortgage fiasco with both explanation and captivating drama. Lewis introduces readers to eight odd individuals, each of whom saw the subprime mortgage market problems and found ways to profit from their prediction of the market’s dramatic fall. Readers looking for a comprehensive presentation of the financial crisis can find hundreds of pages elsewhere. In this book, there’s an entertaining quality, perhaps schadenfreude, at the ways in which these eight characters gained from the misery of others.
Rating: Four-star (Highly Recommended)
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