The Big Short: Inside the Doomsday Machine By Michael Lewis, Narrated by Jesse Boggs (Read via Audible.com)

I have to say this book was great read. I picked up the book after caching a piece on 60 minutes about the book.

Lewis gives another perspective of the financial industry during its large meltdown caused by the moronic mortgage crisis (Among other things). It was about the people who saw what was coming and bet against the market. They literally cashed in on the ticking bomb of what the market was. Both Greg Lippmann and Michael Burry’s stories were great. How both of them go into the market and figured out a way to buy insurance on these packaged securities. The epic fail at AIG was even better. I couldn’t believe that Joe Cassano managed to burn through 99 billion dollars at AIG over the stuff he was insuring.

I do have to say that Lewis exactly writes the kind of story based non-fiction books that I like. I found it very easy to understand why this big crash happened, and was even more riveted when some of these characters were figuring out what really was going on before everyone else.

This book reminded me that the market is not some machine, but just bunch of people that some are leaders, others are followers both trying to dominate any way they can.

9/10