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book2010

The Big Short

Disciplines:
storytelling/narrative
finance
economics/2008 crisis
finance/mortgage

Summary

Michael Lewis's 2010 account of the handful of investors who saw the 2008 financial crisis coming and bet against mortgage-backed securities — told through the eccentric characters who understood what most of Wall Street missed.

Core Contribution

Creates the definitive popular account of the 2008 crisis — The Big Short explains the CDO/CDS/MBS apparatus through the characters who understood it (Michael Burry, Steve Eisman, Greg Lippmann) in a way that made the financial crisis legible to non-financial readers.

Historical Influences

Liar's Poker The structured finance market

Intellectual Lineage

Michael Lewis W.W. Norton

Allied Works

Liar's Poker The Greatest Trade Ever

Contemporaries & Peers

No recorded contemporaries.

Minds Influenced

Financial crisis public understanding

Intellectual Posterity

The Big Short Michael BurrySteve EismanFilm

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The Big Short

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