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Ray's Reviews > The Big Short: Inside the Doomsday Machine
The Big Short: Inside the Doomsday Machine
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The Big Short. Remember that movie? We all should, and never forget...
If you're like me, and don't know anything about the Wall Street high finance, but just kind of suspect that it's all bullshit and nobody really knows what they are doing, then this is the book for you!
The 2007-2008 financial crisis was one of the most important historical events of the young 21st century. It wasn't even that long ago, and already we've mostly forgotten. Whether or not you're the type to have strong political opinions, on this it's just too complicated for most of us to care about.
Luckily, Michael Lewis has penned this fascinatingly entertaining book. A book which is in no way a dull summation of mortgage fraud, although you'll definitely learn a lot about CDOs and the culture which nearly destroyed the entire system. But really, this is a book about people. And that's the brilliance of it.
An engaging tome about those who were smart enough to predict what in retrospect should have been obvious all along. This is the best way to learn, by hearing it from the true experts themselves who are fascinating characters in their own right. That is why The Big Short is the best book for learning about all these things, because of Lewis' excellent writing readers will care on a deeper level.
(However, if you've watched the film first you may be a bit confused by how the film changed most of the names of these real people. Another reason why reading is ultimately superior to watching movies, if one truly wants to be educated, right?)
Sadly, upon finishing this you may be left with much pessimism. It doesn't seem that Wall Street and the government have learned any lessons at all from this catastrophe and we are doomed to repeat it all over again very soon. Seriously, think about who is in charge now and shudder.
Well, should make for a good sequel soon enough ~
If you're like me, and don't know anything about the Wall Street high finance, but just kind of suspect that it's all bullshit and nobody really knows what they are doing, then this is the book for you!
The 2007-2008 financial crisis was one of the most important historical events of the young 21st century. It wasn't even that long ago, and already we've mostly forgotten. Whether or not you're the type to have strong political opinions, on this it's just too complicated for most of us to care about.
Luckily, Michael Lewis has penned this fascinatingly entertaining book. A book which is in no way a dull summation of mortgage fraud, although you'll definitely learn a lot about CDOs and the culture which nearly destroyed the entire system. But really, this is a book about people. And that's the brilliance of it.
An engaging tome about those who were smart enough to predict what in retrospect should have been obvious all along. This is the best way to learn, by hearing it from the true experts themselves who are fascinating characters in their own right. That is why The Big Short is the best book for learning about all these things, because of Lewis' excellent writing readers will care on a deeper level.
(However, if you've watched the film first you may be a bit confused by how the film changed most of the names of these real people. Another reason why reading is ultimately superior to watching movies, if one truly wants to be educated, right?)
Sadly, upon finishing this you may be left with much pessimism. It doesn't seem that Wall Street and the government have learned any lessons at all from this catastrophe and we are doomed to repeat it all over again very soon. Seriously, think about who is in charge now and shudder.
Well, should make for a good sequel soon enough ~
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Rena
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Jun 02, 2019 05:44PM
Great review. I thought about reading this book, but I think I STILL won't understand what goes on in Wall Street, no matter how simple the author explains things.
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Great review. I thought about reading this book, but I think I STILL won't understand what goes on in Wall Street, no matter how simple the author explains things.
