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The Big Short

The Big Short

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Author: Michael Lewis

Number Of Pages: 291

EAN: 8601400333891

Release Date: 01-02-2011

Summary:

'The Big Short' by Michael Lewis dives into the complex world of the 2008 financial crisis. The story follows a group of unconventional investors who spot the impending collapse of the housing market and decide to bet against it. These investors, including hedge fund manager Michael Burry and trader Steve Eisman, discover that the subprime mortgage market is a ticking time bomb. They see that the banks have been reckless, packaging risky loans into seemingly safe investments. As they dig deeper, they find widespread fraud, greed, and incompetence in the financial industry. The book highlights their journey as they navigate the complexities of Wall Street, face skepticism, and ultimately make a fortune from the collapse. 'The Big Short' reveals the dark side of the financial system and the human stories behind the numbers. It's a riveting tale of foresight, bold moves, and the downfall of the financial giants, showing how a few saw what millions missed.

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