Friday, February 18, 2011

Focus on The Big Short by Michael Lewis

After reading Michael Lewis' Liar's Poker, I doubt we could find a better guide to just how we got into the current economic mess.  The book was put together from interviews with investors who made a lot of money in the crash.  They saw what was rotten about the system, and some at first tried to issue a warning to stop it, but, that being futile, they saw what holes trillions of dollars worth of wealth were about to pour out of, and were there with buckets catching some of it.  I take no position on whether we should admire them or not, but at least one could say they knew in a concrete way what was going on, and later were willing to talk about it.  To start reading the 1st chapter, click on small rectangle below which will say "Full Screen View" when you point your cursor at it.

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