The Big Short: Inside the Doomsday Machine Book Reviews

AUTHOR
Michael Lewis
SCORE
4.5
TOTAL RATINGS
2,664

The Big Short: Inside the Doomsday Machine by Michael Lewis Book Summary

The #1 New York Times bestseller: "It is the work of our greatest financial journalist, at the top of his game. And it's essential reading."—Graydon Carter, Vanity Fair
The real story of the crash began in bizarre feeder markets where the sun doesn't shine and the SEC doesn't dare, or bother, to tread: the bond and real estate derivative markets where geeks invent impenetrable securities to profit from the misery of lower- and middle-class Americans who can't pay their debts. The smart people who understood what was or might be happening were paralyzed by hope and fear; in any case, they weren't talking.

Michael Lewis creates a fresh, character-driven narrative brimming with indignation and dark humor, a fitting sequel to his #1 bestseller Liar's Poker. Out of a handful of unlikely-really unlikely-heroes, Lewis fashions a story as compelling and unusual as any of his earlier bestsellers, proving yet again that he is the finest and funniest chronicler of our time.

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Book Name The Big Short: Inside the Doomsday Machine
Genre Economics
Published
Language English
E-Book Size 1.11 MB

The Big Short: Inside the Doomsday Machine (Michael Lewis) Book Reviews 2024

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The Big Short. Awesome!!

The big short. This was one of the best books I've read. I found it it fascinating. I finished it in one day, I couldn't put it down. I live in the financial world which made Michael Lewis' attention to detail extremely important. Combine detail to a gifted writing style and you get a fun read.

Selling Air. Was New York the first to sell air space as real property? Why is the world surprised people are opportunists?...watch your own back... The Big Short is a great read, written in plain english, about the greed of Wall Street, D.C., stockholders, and your neighbors. If you have been wondering what all the fuss is about, read this book.

Incredible story. Well written and fantastically interesting...

Great!. I was hooked from the second I opened it.

Disgusting. Loved this book but it reminded me, in a way, of Washington DC with an isolated group of people with giant egos who believe they can never be wrong. The book reveals gross arrogance and incompetence in financial markets that nearly crippled the US economy. They manipulated everything in pursuit of their obscene bonuses and no thought to the lives and institutions they destroyed

Lots of technical jargon. But a good read overall. Characteristic of Lewis's books, it presents a very educated and generally unbiased view of the event and certainly leaves you thinking "what the hell were they thinking?"

The Big Short. One of the best books I've ever read. If you want to understand the crisis of 2008 could happen, in an entertaining, informative way, than this is the book to read.

The Big Short. Amazing. I finally understand the incomprehensible. Not that it makes me feel any better...

Another Lewis Classic. What better way to bookend the span of time between the financial world of the 1980s and today but with Liar's Poker and the destined-to-be-a-classic, The Big Short. All the chickens Lewis knew were out there came home to roost with the meltdown of the subprime mortgage market and he presents the story with the skill and talent of a natural-born storyteller. Once again, Lewis' deft narrative and descriptive skills are on display to lead the lay reader through the arcane world of mortgage finance in a way that is both illuminating and compelling. Who would have thought a book on mortgage bonds would be such a page-turner? Magically, and tragically, Lewis puts it all out there. Not as light-hearted as LP but neither should it be. Best book I've read in years.

The Big Short. Equal parts frustrating and frightening. Phenomenal book as are all of Lewis' books. The only negative in this book is that after awhile your brain glazes over at the sums of money being casually discussed.

Great recap of the Subprime Mortgage Debacle. Michael Lewis does it again. This time explaining the unbelievable truths of the subprime crisis of 2007. In the eyes of the players who saw it coming and played the shorts, Lewis does a great job of explaining the roles of the investment banks, rating agencies and the US government in the financial crisis of monumental proportions. Once you read this book, you will have a greater understanding of why our markets and economy has not simply bounced back from the crisis, and that we will be dealing with the ramifications of the greed for years to come. This is a great read that may get a little heavy in parts for non-financial types, but it is well worth the time if you want to develop a understanding of what really happened and the system that allowed it to happen.

No Adults in the Room. Lewis’s story yields major league insight into the greed, incentive misalignment, and plain thoughtlessness that catalyzed the collapse of the housing market.

Damned depressing. This can be a difficult read but it is well worth working through. I don't think i'd ever invest heavily in Wall Street after reading this book. I can't help but wonder why no one has been held accountable.

Very Interesting. Michael Lewis writes with clarity about a complex subject and makes the subject very interesting. I enjoyed reading this book.

Still shaking my head. Great read! Will leave you shaking your head over the greed and foolishness and make you wonder if people will ever learn.

Holy Cow!. Lewis hit it out of the ballpark with this book.

Close but no cigar. IMHO Politicians authored the housing market crash. Wall Street firms capitalized on it. When I attended a sales meeting in 2003 and a "trusted lender" pronounced that 'anyone with a heartbeat can qualify' for a home mortgage loan, I knew then that the end was near. And so it was in 2005 in the Philadelphia area real estate market. ML Durham-Butler REALTOR

Insightful. This book does more than any other in exposing the complexities of Wall Street in the mid 200's. Lewis is a master at helping the average reader understand the financial crisis that occurred in The fall of 2008. This book should be on the short list for anyone thinking about investing.

Well done. Mr. Lewis captures the issues in a marvelous fashion. The book is a must read.

Great read!. Loved it!

As always... Michael Lewis hits a home run. His writing and the content are engrossing and educating. I enjoyed this book immensely as I do all his books.

Shocking Greed. This is an excellent book that describes in detail how the Titans of Wall Street blew up their firms. I work in finance and the descriptions of cdo's were a little hard for me to follow so I am guessing that it would be difficult for a layperson to understand. Another great read from Michael Lewis.

Entertaining and informative. Fun to read, almost thrilling. it made sense of the collapse. I can't remember the last time i learned so much, so enjoyably. That said, It seems the country has not learned a thing from this catastrophe.

Very Quick Read on the Financial Crisis. Lewis' book is an excellent read. The story moves much faster than "Too Big to Fail". Although, if you read both books (To Big to Fail and The Big Short) you get a really good picture of what was going on in 2008. Lewis focuses on the actual CDOs and CDSs that sank the economy. It will blow you away to find out how reckless, clueless, and crooked that subprime industry was.

Eye opening. A good insight Into the engine of america. Nice to see that few know how it works but that it can be patched, revamped and revved up for the next big breakdown.

Interesting look at the causes of the crisis. Very well written and engaging. Simple to follow even for a non finance reader

Impressive. Great insight with hindsight. I think he's a bit too critical of government, but the basis of the book is good and well supported.

Engaging. I could not put this book down. Great job Michael Lewis!

Read this Book. If you read nothing else before this years presidential election you should read this book. The author takes great pains to couch complicated financial concepts into easy to understand explanations. The book is entertaining as well as informative making it an enjoyable if also disturbing read.

The Big Short. This is a must read. It is scary how obvious the collapse was. Yet we chose to ignore it.

Great book. A clear lesson on what or who's really behind the market

Frightening. Michael Lewis, for me, is the new Halberstam. His attention to detail, and ability to get people to talk to him make his writing a true joy to red. In The Big Short he also ties to explain the details of the trades and, even though he stated as much, the reader ignores out these Wall Street "masters of the universe" didn't know what the hell they we're doing. "The End" is next on my list.

Phenomenal. Loved this book. Couldn't put it down. I highly recommend this to anyone. I plan on reading it again in the near future.

Good one. Well written easy read. Wonder why Congress never asked the ones who say this coming to testify?

Great Read. If you are really interested in getting an understanding of the 2008 financial collapse, this is the book to read. It not only gives you a great insight into the world of subprime mortgage bonds, but it even teaches you a thing or two about Wall Street in general.

The Big Cheaters. Lewis unwraps the catalyzed gifts from Goldman, Bear, Morgan, AIG (et al) through a detailed narrative told through the lens of those who truly understood what was going on. It reads like a financial thriller, explaining why my net worth dropped and the crooks left the building with fat bonuses. The heroes of the story? There really aren't any. However, the geniuses who bet on the 'don't pass line' have my respect.

Compelling book. A great lesson tucked into very interesting stories. The book reads like fiction, but is unfortunately not. I feel like I finally understand the basics of what happened. I'm not sure if I'm mad or sad.

The Big Short. Great read!

A must read. Excellent book. Never a dull moment and all the facts were on point. Truly a great narrative that shares the facts so anyone can read them.

Excellent Read. An outstanding book that draws the reader into the complex world of investment banking. The story is a masterful contrast of the hard to understand financial machine and the easy to understand nature of human greed.

Excellent read. If you're looking for the insider perspective on those that saw the equity market collapse before it happened, this is the book for you!

The Big Short Scores Big Time. Should be required reading for every Politician.

Entertaining read. Great insight to one of the worst meltdowns in history.

Cover to cover <2 days. I couldn't put it down. Lewis has a gift...

Couldn't put this book down!. It reads like a mystery novel! So well written, a must read!

Brings Everything to Light. Rarely does a book tackle a subject so thoroughly, and transform it into something that is easily understood by all. Michael Lewis is a brilliant writer. The book also leaves on kind of a scary note - that is that the problem has really not yet been fixed! And that the games continue unabated on Wall Street. Time for the regulators to wake up!

Another great book by Lewis. Not much to say other than a well thought through explanation of a huge financial problem. What scares me is how it does not feel like we will learn from our mistakes.

Perfectly written. I always thought people people thought too much of Michael Lewis and overrated his writing. No more. The book is perfectly written boiling down complex concepts and financial instruments and he has a phenomenal talent for telling multiple stories simultaneously that are interesting but share a common thread that moves the story forward. It is a book on finance that reads like a murder mystery - a page turner and a must read!

Great read. The book just reinforces how greedy people on Wall Street could be in just making deals. It was a great ready!

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Best book ever. Some information is wrong though. For example, I have failed to find the references Ethanol Today article.

Great account of what led to the 2008 financial crisis. Reading The Big Short for the first time in 2021 I found out it was not easy shorting the subprime mortgage bond market leading up to the financial crisis. It took guts and patience and The Big Short tells the story of those that cashed in big time. And since the market is a zero-sum game there had to have been big losers as well.

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Summary of The Big Short: Inside the Doomsday Machine by Michael Lewis

The The Big Short: Inside the Doomsday Machine book written by Michael Lewis was published on 01 February 2011, Tuesday in the Economics category. A total of 2,664 readers of the book gave the book 4.5 points out of 5.

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