The Big Short: Inside the Doomsday Machine
It took the movie coming out for me to finally read this great book on the guys who figured out the subprime crash before the subprime crash. I’m not sure why I didn’t read this earlier, I’m a fan of both Michael Lewis and books skewering the financial industry. But here we are.
Anyway, a great read, as always Lewis finds the compelling characters and gives them the space to tell their stories. Here, the characters are millionaire hedge fund guys betting against the U.S. economy. Yet still I found myself rooting for them, perhaps because they are the type of people we all want to be – unpersuaded by the crowd, they went with what made sense to them and made a ton of money. Hell, some of them even have pangs of doubt about how it all went down. As always with Lewis, it’s fascinating stuff told well.