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Intense drama written by an amazing Michael Lewis.

As well as for Liar's Poker and The Flash boys, Lewis writes an inside story of Wall Street and its wide range of subprime mortgage bonds that Investment banks dealt in the last decades. The madness, the worldwide lie in which mutual funds, hedge funds, pension funds, official lending authorities, retail and investment banks managers have being living and certain of them enjoy until the famous crack of the 2008.

In a pretty easy way, the author describes singular and structure products such as CDS, CDO, CDO2, CDO3 and so on making them sound more familiar and nonetheless destructive.

Great real story which will keep audience glued to the book !!

Una persona l'ha trovato utile

Michael Lewis è una garanzia

VittAn

Recensito in Italia il 2 aprile 2021

Gli argomenti trattati non sono semplicissimi, ma Lewis ha reso scorrevole le vicende dei protagonisti della grande scommessa e ha gettato ancora una volta luce sui disastri della finanza creativa

Recensito in Italia il 28 maggio 2017

Il libro descrive in modo semplificato i meccanismi che hanno portato alla più grande crisi finanziaria della storia, rendendo comprensibili ai più molti dei concetti divenuti "di moda" negli ultimi anni. Nel far ciò, alcuni passaggi, alcuni contenuti, risultano ripetitivi. Ciò nonostante, il libro rappresenta un ottimo inizio per chi vuole approfondire il discorso sulla crisi dei mutui subprime.

Una persona l'ha trovato utile

A 5-star page turner, despite being a little light on technicalities

G. Catalfamo

Recensito in Italia il 26 marzo 2016

I am partial to Michael Lewis.
In fact his only book I am missing is “Liar’s Poker” which I surely will read next. And “The Big Short” even has its own star-studded casted film coming.
In a nutshell, this is the story of four people who made a fortune betting against the market that in 2005/2006 was generating the bulk of Wall Street’s profits, subprime loans.

[read more...Book review: The Big Short (Michael Lewis) -[...]

3 persone l'hanno trovato utile

Tiziano Membri

This story is amazing

Recensito in Italia il 26 gennaio 2016

The quantity of money described in the various transactions mentioned in the book is unbelievable but in the end, if you don't have at least a minimum financial knowledge you'll run the risk of losing yourself between credit default swaps and collateralized obligations.
Even the movie (that usually is simplified compared to the book) is complicate....
Despite that, once you get the basics, the book is gripping.

Una persona l'ha trovato utile

Mandana Tabatabaei

Spettacolare

Recensito in Italia il 21 febbraio 2019

L'avevo già letto in italiano ma è stata comunque una lettura molto interessante. A livello linguistico non è difficile da capire ma non per tutti. Stessa cosa a livello contenutistico. Consegna Amazon nei tempi previsti.

Recensito in Italia il 1 dicembre 2017

Really insightful on the 2008 big crisis.
I liked especially the first part where the seeds of crisis are explained.

Suggested read

Una persona l'ha trovato utile

ottima qualità, un po' meno tempi di spedizione

Cliente Amazon

Recensito in Italia il 11 agosto 2016

Libro in perfette condizioni, impacchettato con cura. Presente anche un segnalibro del marchio del venditore. Libro vero che denuncia il mondo della finanza moderna, che fa capire quanto l'economia mondiale sia sorretta da un filo sottilissimo e soprattutto da banchieri (americani e non) che non sono migliori di nessuno.

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Le recensioni migliori da altri paesi

Juan Moreno

Excelente Libro

Recensito in Messico il 29 aprile 2022

Un libro excelente en todos los aspectos, en cuanto a calidad de papel y portada, respecto al contenido había visto la pelicula, pero no me podía quedar sin leer el libro y la verdad lo superrecomiendo

David Barnett

High stakes, false confidence and a bad hand…

Recensito nel Regno Unito il 29 settembre 2023

Complex financial instruments, not the most foreboding harbingers of doom but therein lies the trick. They most certainly delivered when it came to wrecking the global economy back in the mid to late noughties at any rate. This book is the real life tale of an opaque and seemingly distant world to most of us, one where a few numbers going the wrong way can have profound and wide-ranging effects on the world beyond. It shines a light on one part of that shadowy world and whilst it is tremendously well-written, I don't know if I like the realisation it bestows upon the reader. Namely that those managing such impactful things don't really understand the things they are managing, but there it is regardless.

Excuse the vague layman's terms there, I'm no money man myself but I found it refreshing just how detailed this book was whilst not managing to lose its reader amongst the flurry of financial jargon and murky accounting. It's not a simple account but it doesn't patronize the reader either. Having some knowledge of the impact of the financial crash certainly helps but is not essential, the film is very good too as a broad strokes introduction but there is really no substitute for the wealth of detail and recent history on offer in the book itself.

At the heart of it is debt, bad debt that will probably never be repaid, bad debt packaged and made to look like good debt. It's the story of how some people might look at that and see bad things approaching and take steps to insure themselves against it, making a bet with long odds on what seemed like the distant prospect of failure in the US sub-prime mortgage market. Through many twists and turns, it's the story of greed and stupidity in the great financial institutions who bought into the prevailing good times of the day and either couldn't see or wouldn't see the crumbling foundations it was all built on.

It's also an intriguing personal story of some unlikely individuals making headway in a system which largely privileges the grand institutions of finance over the smaller players in the field. There are some nicely nuanced accounts of these individuals and how they came to see what by and large others could not. What saw them through this situation was an eye for detail and willingness to actually look closely at the reality beneath the numbers. It's a picture that slowly builds with a growing tension and the book does a great job of making you feel like the fly on the wall at some very pivotal moments in the development of this crisis.

That sense of unease is very much the defining trait of this book for me. A slow-burn disaster movie in numbers playing out page by page. It captures a moment in recent history pretty well without reducing some essential complexity. It's mostly a tragedy with hints of absurd comedy strewn throughout. It's a reminder that the devil is in the detail, that numbers matter and that ingenuity can sometimes pair quite nicely with stupidity. It is, in short, a solid recommendation from myself.

Una persona l'ha trovato utile

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Michael Lewis is a great teacher

Recensito in India il 30 agosto 2023

ML reminded me of one of my erstwhile bosses who time and again repeated various technical presentations to the same customers and to me. I haven’t figured out ever whether he (my boss) knew that the customers needed to be regularly reminded of the complexity and criticality of their own decision making process or whether (my boss) simply forgot that he had made the presentation earlier. I like to believe it was the former. Without Michael Lewis explaining the same concepts several times in various fashion at different junctures in the 30 year period that book covers the reader would easily look track of the complicated financial instruments and concepts. I had watched the Big Short movie a couple of times earlier but I watched it again yesterday after I read the book. This time, finally, I could understand the story well!

Inteligenteros

Super

Rivisto in Polonia il 22 agosto 2022

Wszystko super, ciekawa książka

Renato Ruas Pinto

Mais um bom livro do Michael Lewis

Recensito in Brasile il 10 ottobre 2017

Gosto muito do estilo claro e direto de Michael Lewis, do qual já li também "Flash Boys". O filme "The Big Short" (A grande aposta) foi muito bem transposto para o cinema, mas falha em explicar melhor o que são os CDOs, origem da confusão toda. Acredito que Lewis conseguiu explicar bem para um leigo o que é e como surgiram esses títulos e, principalmente, como conseguiram transformar um título composto de dívidas duvidosas em títulos avaliados como AAA pelas agências de créditos. Além disso, o livro desce um pouco mais a fundo na perspectiva daqueles que perceberam com muita antecedência que os títulos estavam destinados ao calote e apostaram contra, além de explicar melhor também como foi feita essa aposta.

6 persone l'hanno trovato utile