The Big Short: Inside the Doomsday Machine

When I saw the movie "The Big Short" in 2015, I immediately decided to read Michael Lewis' book "The Big Short: Inside the Doomsday Machine" which is the basis of this movie. Lewis was a bond trader in Wall Street from the 1980s to the 1990s, but he has written several non-fiction books, many of which concern the financial industry.

Because it is the first cause of collapse, "most important thing: inside the terminal machine" has little to do with the financial crisis. Lewis has four independent investment groups, Scion Capital, Dr. Managed by Michael Burry, managed by FrontPoint Partners LLC, Steve Eisman, Cornish Capital, James Mai and Charlie Ledley, and Deutsche Bank 's actions. Bond trader Greg Lippmann. These investors work independently and correctly predicted the collapse of the US real estate market in 2007. Nobody did see it - or did not want that

Over the years, many of the world's largest investment banks and commercial banks have invested heavily in high risk sub-prime mortgages. This brings about rising housing prices and "real estate bubble". But eventually the floating rate of these mortgage starts to rise sharply and mortgage loans with little or no income will start to default with mortgage that can not afford. Each of the four investors decided to "short" the housing market by investing in a "credit default swap" which is a type of insurance against default on mortgage loans. They are basically betting on the housing market: If the real estate market fails, investors will eventually earn millions of dollars.

"The Big Short" is a well-written book. It is fast, easy to read, and short (300 pages or less). The story of Michael Lewis is driven very personally. His explanation of the main players is very detailed, rude, sincere, and attractive. Some people who look like villains eventually become very heroic and respectable people. The performance of other people is not good

One of the things Michael Lewis is most proud of is explaining many of the technical aspects of the financial system in a way that is easy to understand. I am convinced that "mortgage-backed securities", "credit default swaps", and "mortgage debt" may be far more complicated than Lewis's proposal, but his explanation is straightforward and very simple It is useful. As a result, I understood the financial crisis better.

"Big Short Film: The inside of The Doomsday Machine" is a very rich and interesting book. This is the best starting point for those who want to know the basics of the financial crisis of 2008. I strongly recommend it

The Big Short is a 2015 American Biographical Comedy film directed by Adam McKay and supervised by McKay and Charles Randolph in the 2010 book "The Big Short: Inside the Doomsday Machine" on the 2007-2008 financial crisis It is based. A movie starred by Christian Bale, Steve Carel, Ryan Gosling, Brad Pitt, Melissa Leo, HamishlinkLighter, John Magallo, Rafel Sport, Jeremy Strong, Finwitt Roc, Marisatomei, triggered by an American real estate bubble. This film is known for its non traditional techniques for interpreting complex financial instruments. Among them are actress Margot Robbie, starring singer Anthony Bourdain, singer Selena Gomez, and economist Richard Thaler, defeating the fourth wall and using the concept of subprime mortgage and collateralized debt as a meta reference I interpreted it. Several other actors speak directly to the audience. The most common is Gosling as a narrator.

When I saw the movie "The Big Short" in 2015, I immediately decided to read Michael Lewis' book "The Big Short: Inside the Doomsday Machine" which is the basis of this movie. Lewis was a bond trader in Wall Street from the 1980s to the 1990s, but he has written several non-fiction books, many of which concern the financial industry. Because it is the first cause of collapse, "most important thing: inside the terminal machine" has little to do with the financial crisis. Lewis has four independent investment groups, Scion Capital, Dr. Managed by Michael Burry, managed by FrontPoint Partners LLC, Steve Eisman, Cornish Capital, James Mai and Charlie Ledley, and Deutsche Bank 's actions. Bond trader Greg Lippmann. These investors work independently and correctly predicted the collapse of the US real estate market in 2007. Nobody did see it - or did not want that