The Big Short
Inside the Doomsday Machine
The few investors who saw the mortgage collapse coming, and what it cost them to be right before anyone believed it.
Lewis follows the handful of investors who worked out that American mortgage bonds were built on loans that could not be repaid, and who then had to survive being right too early. The mechanics of subprime and the instruments stacked on top are explained through the people betting against them, which is what makes an unfollowable market legible.
As an Amazon Associate, bookstoread.org earns from qualifying purchases. Links to Amazon on this page may earn us a commission at no extra cost to you. Spotted an error on this page? Tell us and we will fix it.