![]() This caused housing prices to rise, and a housing bubble to form. Nobody else saw it or wanted to, for that matter.įor years, many of the worlds biggest investment and commercial banks had been investing heavily in high-risk subprime mortgages. These investors, each working independently from each other, correctly foresaw the collapse of the housing markets in the United States in 2007. Michael Burry FrontPoint Partners LLC, led by Steve Eisman Cornwall Capital, co-managed by James Mai and Charlie Ledley and Greg Lippmann, a bond trader with Deutsche Bank. Lewis tells his story through the actions of four separate investment groups: Scion Capital managed by Dr. The Big Short: Inside the Doomsday Machine isnt so much about the financial crisis as it is about what caused the meltdown in the first place. Lewis, who was himself a Wall Street bond trader in the 1980s and 90s, is the author of several non-fiction books, many of them dealing with the world of finance. I usually read the book before I watch the movie, but this time I didn’t.Īs soon as I finished watching the 2015 movie The Big Short, I immediately decided to read Michael Lewis book The Big Short: Inside the Doomsday Machine, which forms the basis for the film.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |