Quicklet on Michael Lewis' The Big Short (CliffNotes-like Book Notes)
3/5
()
Currently unavailable
Currently unavailable
About this ebook
ABOUT THE BOOK
I became a Realtor in 2000, when an opportunity presented itself. I had been a journalist, slaving away at a small and insignificant newspaper in a small and insignificant town when I was offered a position creating marketing materials for a Real Estate company in a not-too-distant city. I had no idea that taking that job would thrust me in the middle of the worst financial crisis my generation would know. From that marketing position, I went to work for a Realtor and was licensed shortly thereafter. The rest, as they say, is history.
When I first saw The Big Short appear at the bookstores, I was delighted. Finally, someone could explain what the hell had happened during that crazy time period that began about the time I was licensed and ended when the market exploded in middle America. At the same time, I was secretly a little afraid that there would be a list tucked inside with the names of Realtors who had sold subprime mortgages.
At the time, I didnt really understand what was happening; all I knew was that the sky was falling at an accelerated pace. Michael Lewis did the research and has put the whole story together in one place. In The Big Short, he manages to turn credit default swaps, collateralized debt obligations and subprime mortgage bonds into things that will make sense to most people. If theyre anything like me, theyll finish the book weeping.
MEET THE AUTHOR
Kristi L. Waterworth is an experienced writer and a member of the Hyperink Team, which works hard to bring you high-quality, engaging, fun content. Happy reading!
EXCERPT FROM THE BOOK
The Big Short isnt simply a follow up to Liars Poker, as some reviewers (and even its author) have claimed, it is the tale of the result of the world that Liars Poker documents. The 1980s were an unrestrained era of greed that continued to build quietly until Wall Street collapsed into a broken heap in the mid 2000s. Michael Lewis was in a unique position to document the fall of the system in The Big Short, being a former inside man now on the outside.
Using the stories of the few traders who came out on top of the mess, Lewis follows the subprime mortgage disaster from its more recent roots straight to its end. Men like Michael Burry, Steve Eisman and Charles Ledley didnt know what they were seeing when they first caught wind of subprime mortgage bonds, but they each had a feeling that something sinister was lurking beneath the exotic products that were being created from these risky investments.
This New York Times Best Seller is worthy of the accolades it has claimed, considering that it manages to be a cautionary tale while clearly explaining financial instruments that werent even as clear to the people who were buying and selling them at their height. Lewiss combination of terror, education and the brief joy of the underdog succeeding in an apocalyptic landscape creates a sort of road map to the destruction of the subprime mortgage markets, as well as the bruising of a substantial chunk of the global financial markets.
Buy a copy to keep reading!
CHAPTER OUTLINE
Quicklet on Michael Lewis' The Big Short
Michael Lewis' The Big Short
+ The Disaster at the End of This Book
+ About the Author
+ About the Book
+ Overall Summary for The Big Short
+ ...and much more
Related to Quicklet on Michael Lewis' The Big Short (CliffNotes-like Book Notes)
Related ebooks
Plunder: Investigating Our Economic Calamity and the Subprime Scandal Rating: 4 out of 5 stars4/5Diary of a Very Bad Year: Interviews with an Anonymous Hedge Fund Manager Rating: 4 out of 5 stars4/5Summary of John Brooks's The Go-Go Years Rating: 0 out of 5 stars0 ratingsSummary of John Kenneth Galbraith's The Great Crash 1929 Rating: 0 out of 5 stars0 ratingsSummary of Scott Nations's A History of the United States in Five Crashes Rating: 0 out of 5 stars0 ratingsReminiscences of a Stock Operator Rating: 4 out of 5 stars4/5Summary of Sebastian Mallaby's More Money Than God Rating: 0 out of 5 stars0 ratingsMichael Lewis Biography: The Life and Legacy of a Financial Journalist Rating: 0 out of 5 stars0 ratingsThe Great Hangover: 21 Tales of the New Recession from the Pages of Vanity Fair Rating: 0 out of 5 stars0 ratingsPath of Least Resistance Rating: 0 out of 5 stars0 ratingsWicked Mobile Rating: 0 out of 5 stars0 ratingsSummary of Michael Lewis's The Big Short Rating: 0 out of 5 stars0 ratingsFear City: New York's Fiscal Crisis and the Rise of Austerity Politics Rating: 4 out of 5 stars4/5Summary of John Kenneth Galbraith's A Short History of Financial Euphoria Rating: 0 out of 5 stars0 ratingsThe Hidden Tyranny of our Money Rating: 0 out of 5 stars0 ratingsBlack Tuesday: A Novella Rating: 0 out of 5 stars0 ratingsChain of Blame: How Wall Street Caused the Mortgage and Credit Crisis Rating: 4 out of 5 stars4/5The Stock Market Crash Bankrupts America Rating: 0 out of 5 stars0 ratingsThere's a Sucker Born Every Minute Rating: 0 out of 5 stars0 ratingsSummary of David Enrich's Dark Towers Rating: 4 out of 5 stars4/5Other People's Money and How the Bankers Use It (Barnes & Noble Library of Essential Reading) Rating: 0 out of 5 stars0 ratingsBubbles, Booms, and Busts: The Rise and Fall of Financial Assets Rating: 0 out of 5 stars0 ratingsThe Asylum: Inside the Rise and Ruin of the Global Oil Market Rating: 0 out of 5 stars0 ratingsThe Great Money Binge: Spending Our Way to Socialism Rating: 5 out of 5 stars5/5F.U.B.A.R. From Inflation to Hyperinflation Rating: 0 out of 5 stars0 ratingsMemphis in the Jazz Age Rating: 0 out of 5 stars0 ratingsPassport to Poverty: The '90S Stock Market and What It Can Still Do to You Rating: 0 out of 5 stars0 ratingsThe Bankster Diaries: Book I : The Federal Reserve Rating: 0 out of 5 stars0 ratings
Book Notes For You
Summary of The 48 Laws of Power by Robert Greene Rating: 4 out of 5 stars4/5The Invisible Life of Addie LaRue by V. E. Schwab: Conversation Starters Rating: 3 out of 5 stars3/5The Silent Patient by Alex Michaelides: Conversation Starters Rating: 3 out of 5 stars3/5Eight Dates: Essential Conversations for a Lifetime of Love by John Gottman: Conversation Starters Rating: 1 out of 5 stars1/5Summary of 12 Rules For Life: An Antidote to Chaos by Jordan B. Peterson Rating: 4 out of 5 stars4/5Summary: The Subtle Art of Not Giving a F*ck by Mark Manson Rating: 4 out of 5 stars4/5The 5 AM Club Summary: Business Book Summaries Rating: 4 out of 5 stars4/5Summary of Ichiro Kishimi's and Fumitake Koga's book: The Courage to Be Disliked: Summary Rating: 4 out of 5 stars4/5The Compound Effect: Jumpstart Your Income, Your Life, Your Success by Darren Hardy: Conversation Starters Rating: 5 out of 5 stars5/5American Dirt (Oprah's Book Club): A Novel by Jeanine Cummins: Conversation Starters Rating: 3 out of 5 stars3/5Untamed by Glennon Doyle: Conversation Starters Rating: 4 out of 5 stars4/5Invisible Women: Data Bias in a World Designed for Men by Caroline Criado Perez: Conversation Starters Rating: 4 out of 5 stars4/5Think Again: The Power of Knowing What You Don't Know by Adam Grant: Conversation Starters Rating: 4 out of 5 stars4/5Summary of How to Know a Person By David Brooks: The Art of Seeing Others Deeply and Being Deeply Seen Rating: 3 out of 5 stars3/5Summary of Atomic Habits: An Easy & Proven Way to Build Good Habits & Break Bad Ones by James Clear Rating: 5 out of 5 stars5/5SUMMARY Of The Plant Paradox: The Hidden Dangers in Healthy Foods That Cause Disease and Weight Gain Rating: 4 out of 5 stars4/5Chaos: Charles Manson, the CIA, and the Secret History of the Sixties by Tom O'Neill: Conversation Starters Rating: 2 out of 5 stars2/5The Midnight Library: A Novel by Matt Haig: Conversation Starters Rating: 5 out of 5 stars5/5Summary of Dr. Gundry's Diet Evolution: Turn off the Genes That Are Killing You and Your Waistline Rating: 3 out of 5 stars3/5Workbook for Atomic Habits: An Easy & Proven Way to Build Good Habits & Break Bad Ones by James Clear Rating: 1 out of 5 stars1/5Summary of Spare By Prince Harry The Duke of Sussex Rating: 2 out of 5 stars2/5Gavin de Becker’s The Gift of Fear Survival Signals That Protect Us From Violence | Summary Rating: 4 out of 5 stars4/5Breath: The New Science of a Lost Art by James Nestor: Conversation Starters Rating: 3 out of 5 stars3/5
Reviews for Quicklet on Michael Lewis' The Big Short (CliffNotes-like Book Notes)
1 rating0 reviews