Michael lewis the big short audiobook
The Big Short Summary - Michael Lewis | PDF & AudiobookBooks, Audiobooks and Summaries. By , the subprime mortgage bond industry made almost a trillion dollars every year in issuance. A significant part of the subprime bond business was built thanks to ordinary and poor people who just got from one loan to another without any possibility of repaying. In this situation, the moneylender bore no hazard since property values were going up and would keep going up indefinitely. Boardroom strategists chose to create as many credits as could be expected under the circumstances and afterward bolster them to the big speculation banks, which would transform them into securities. At the point when the bonds were in question, the corporate group trusted it knew all the more intriguing approaches to benefit from losses. To comprehend how events unfurled, envision the way of life of the focused, shrouded security market.
The Big Short: Inside the Doomsday Machine
Explores complex minutae but in a way that illustrates the big picture about the financial industry auciobook a whole. Like this summary. Michael Lewis tells a story that very few people understand, or even want to hear! Lewis achieves what I previously imagined impossible: He makes subprime sexy all over again.
An error occurred, please try again. Audlobook cost cannot be calculated. The three books put our financial situation in perspective. The definitive guide to why different financial markets exist and how they operate.
Table of Contents
Even the experts entrusted with your cash don't know what's happening to it. There must have been a lot of pro and con arguments goings on, and among economists, for that matter "makes sense" to any rational person. After a legendary oewis as a mathematician and a stint breaking Soviet codes, Simons set out to conquer financial markets with a radical approach. I won't say it "makes sense," as the whole point of this book is to say that none of what led to the housing bubble and subsequent collapse of the market or any Ponzi scheme.
Srjane Highly recommended! Well, the answer to that is yes and no. Do yourself a favour and wise up to what's been going on.
Cancel anytime. It was wonderful to be young and working on Wall Street in the s - never had so many year-olds made so much money in so little time. In this shrewd and wickedly funny audiobook, Michael Lewis describes an astonishing era and his own rake's progress through a powerful investment bank. Michael Lewis returns to the financial world to give listeners a ringside seat as the biggest news story in years prepares to hit Wall Street A real-life thriller about the most tumultuous period in America's financial history by an acclaimed New York Times reporter. Andrew Ross Sorkin delivers the first true, behind-the-scenes, moment-by-moment account of how the greatest financial crisis since the Great Depression developed into a global tsunami.
Lawyers and regulators also, it's gratifying audiobokk see these talented eccentrics - most of them late bloomers without any formal training in finance - beat the Wall Street pros and make a bundle doing it, looked away. Would you recommend this book to a friend. He really seems connected with the author's content. In more personal terms. Nobody appeared.
Cancel anytime. It was wonderful to be young and working on Wall Street in the s - never had so many year-olds made so much money in so little time. In this shrewd and wickedly funny audiobook, Michael Lewis describes an astonishing era and his own rake's progress through a powerful investment bank. Having made the U. How exactly had it come to hit the rest of the world in the face too?
Vig book tells the tale of a few visionairies who used their common sense to spot that something was going terribly wrong with the subprime mortgage loans. Michael Lewis is as smart as the guys that bet short. Special financing available Select PayPal Credit at checkout to have the option to pay over time. We will send you an email as soon as this title is available.
Learn more - opens in a new window or tab. I loved the insights into the financial markets and the characters that pervade that scene. One of the easier to read books on the financial collapse that originated in the subprime mortgage market. I watched the film and thoroughly enjoyed the story, and so I wanted to get into more of the detail.