Tuesday, September 4, 2012

Recommended Book--The Big Short: Inside the Doomsday Machine



Find the hard copy version in Amazon
Find the Kindle Version in Amazon

This is one of the best book I have read about 2008 Wall Street crisis and the loss of 2 trillion in sub-prime mortgage crisis. If you want to find out more about this financial crisis, check this book out.




From Bookmarks Magazine

Michael Lewis has written from the perspective of a financial insider for more than 20 years. His first book, Liar's Poker, was a warts-and-all account of Wall Street culture in the 1980s, when Lewis worked at the investment bank Salomon Brothers. Everything Lewis has touched since has turned to gold, and The Big Short seems to be another of those books, combining an incendiary, timely topic with the author's solid, insightful, and witty investigative reporting. Only the Pittsburgh Post-Gazette criticized what it felt was a rush job of writing and a failure to integrate the individual stories. Few readers will care for the message here (despite laugh-out-loud moments of absurdity), but Lewis is a capable guide into the world of CDOs, subprime mortgages, head-in-the-sand investments, inflated egos--and the big short. However, as Entertainment Weekly points at, if you're only going to read one book on the topic, perhaps this should not be the one.

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