The Big Short: Inside the Doomsday Machine PDF is a non-fiction book by Michael Lewis about the build-up of the United States housing bubble during the 2000s. The book was published on March 15, 2010, by W. W. Norton & Company. It spent 28 weeks on The New York Times best-seller list and won the 2011 Financial Times and McKinsey Business Book of the Year Award.
The book is based on the experiences of four groups of people who foresaw the crisis: hedge fund managers Michael Burry and Jeffrey Talpins, Morgan Stanley mortgage department head Howie Hubler, and Deutsche Bank trader Greg Lippmann. Lewis also interviewed members of Congress, Treasury officials, mortgage company executives, and rating agency analysts.
The book received mixed reviews. Critics praised its accessible style and excellent storytelling, but some found it too one-sided and questioned some of Lewis’s factual assertions. The Big Short book is available in multiple formats including pdf, ebook, and audiobook.
Table of Contents
The Big Short Summary
It is the early 2000s, and the housing market is booming. Banks are making money hand over fist by giving out subprime mortgages to anyone who can fog a mirror, and rating agencies are rubber-stamping these toxic loans as AAA investments. But a handful of people see the bubble for what it is.
Among them is Michael Burry, a brilliant physician turned hedge-fund manager with Asperger’s syndrome and an obsessive personality. Burry bets against the housing market by buying credit default swaps, a form of insurance that will pay off if mortgage defaults rise.
Then there’s Mark Baum, a frustrated trader looking for the next big score. Baum and his misfits investigate the housing market and discover just how corrupt and dangerous it has become.
And finally, there are the brothers Charlie Ledley and Jamie Mai, two young investors who decide to put their life savings on the line to short the housing market.
Details of The Big Short Book
|The Big Short
|March 15, 2010
|W. W. Norton & Company
Multiple Languages Editions of The Big Short Book
The Big Short has been translated into over 20 languages, including Chinese, Japanese, Spanish, Portuguese, French, German, Italian, Russian, and Arabic. A film adaptation of the book, directed by Adam McKay and starring Steve Carell, Brad Pitt, Ryan Gosling, and Christian Bale was released in 2015 to critical acclaim.
About the Author
Michael Lewis (born October 15, 1960) is an American non-fiction author and financial journalist. His most recent book is The Undoing Project: A Friendship That Changed Our Minds (2016), about the psychologists Daniel Kahneman and Amos Tversky.
Lewis has also written several other best-selling books, including Liar’s Poker (1989), The New New Thing (1999), Moneyball (2003), The Blind Side (2006), Panic (2008), Boomerang (2011), Flash Boys (2014), and The Undoing Project.
Lewis was born in New Orleans, Louisiana, to corporate lawyer J. Thomas Lewis and community activist Diana Monroe Lewis. He attended Isidore Newman School in New Orleans before moving to Atlanta, Georgia, where he graduated from The Lovett School in 1978. He received a B.A. summa cum laude in art history from Princeton University in 1982 and was a member of the Ivy Club. Lewis went on to receive an M.A. from the London School of Economics in 1985.
Liar’s Poker (1989) chronicles Lewis’s account of his three years as a bond salesman on Wall Street during the 1980s. The New New Thing (1999) is about the then-booming dot-com industry, with an emphasis on Silicon Valley entrepreneur Jim Clark and his company Netscape.
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Similar Books to The Big Short Book
- Liar’s Poker by Michael Lewis
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FAQs (Frequently Asked Questions)
Is The Big Short a good book?
The Big Short is a great book for anyone interested in finance, the 2008 financial crisis, or just a good story.
Is The Big Short book true?
The Big Short is based on a true story, but some names and events have been changed.
What is the main idea of The Big Short?
The Big Short is about a group of investors who bet against the housing market in the lead-up to the 2008 financial crisis.
How long does it take to read The Big Short?
The average reader will take about 10 hours to read The Big Short.
What is the grade level of The Big Short?
The Big Short is written at a college level.
Who should read The Big Short?
The Big Short is recommended for readers aged 18 and up.
What are the themes of The Big Short?
Some of the themes in The Big Short include greed, corruption, and the collapse of the housing market.