The Big short is another story based on how we hit the period during the great recession in 2008-2009 and the system failures that caused that effort. Michael Lewis is well known financial industry turned outsider and author that exposes the gaps on wall street.I went into this book thinking I would be able to predict whats going on happen, given that I actually lived during this time as a business student and I've also already seen the movie, but I was wrong. The story starts somewhere before the turn of the century right before the tech bubble got formed and how certain systemic cracks in the financial system were starting to take shape. I enjoyed the fact the author did not take the route of humanizing the story from one persons perspective and focus on just the emotional aspect of the credit crisis. Instead he establishes three consecutive, seemingly disconnected, stories of teams originating from completely different industries but the one thing they had in common was that they saw the crisis coming almost half a decade before it actually happened.
The rest of the story goes into a lot of facts and details of how the financial system is structured for trading and insuring Bonds, also how predisposed we are as a market to be optimistic and neglect all the signs of a catastrophic failure. I'd recommend this book to anyone looking to get a good glimpse of what actually happened during the great recession, the reasons that caused it and also get a few laughs from the peculiar subjects he chooses to tell the story with.
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