The Big Short
Michael Lewis follows a handful of outsiders — including Michael Burry, Steve Eisman, and Greg Lippmann — who recognized the subprime mortgage bubble and bet against it using credit default swaps. The book exposes how rating agencies, investment banks, and regulators collectively failed to understand the CDO products they were creating and selling. It remains the most accessible account of how the 2008 financial crisis was manufactured.
The 2008 housing crisis told through the handful of investors who saw it coming. Lewis's portrait of analytical conviction against consensus.
Tagged beginner in the Ledge Reads catalog: written to be readable without prior investing background.
What it covers
- Subprime Mortgages
- Credit Default Swaps
- 2008 Crisis
- Short Selling
- Housing Bubble
- Wall Street
- CDOs
- Rating Agencies
- Michael Burry
- Contrarian
Where Oxford Ledge teaches these ideas
Concepts this book covers appear in these LEARN modules:
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ISBN-10: 0393338827
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