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24
Mar 10
Wed

The Big Short

In The Big Short, Michael Lewis takes us through the GFC from the perspective of the people who saw it coming – an autistic doctor who ended up managing a $600 million fund that returned 489% (net of fees) over about 8 years, three guys who turned $110,000 into $135 million, a Deutsche Bank trader, and Steve Eisman. CDS buyers, and CDO and equity shorters.

Lewis took a while to write this book, and there have been many describing the GFC that have already been published. It’s definitely a good read, and written in Lewis’ typical entertaining, engaging style, but I didn’t find it as memorable as some of his earlier books (although there were still a handful of great passages scattered in there).

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