Review: The Big Short, by Michael Lewis

Reads like a who-dunnit thriller. It's pretty amazing that Lewis can make derivatives and credit-default swaps engaging and understandable.I found it a really good survey of what got us into the 'great recession'. It's told from the perspective of the people who foresaw the collapse, and bet that it would happen by shorting stocks or buying investments on the other side. Some of them eventually understood that they were enabling the system by providing a market for some of these credit default swaps.

Recommended for those who have an interest in this area!


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