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Boomerang: Travels in the New Third World A scary tale about the collapse of the various markets across the globe. I constantly had to keep checking to see if
by pplante 15y ago
Boomerang: Travels in the New Third World
A scary tale about the collapse of the various markets across the globe. I constantly had to keep checking to see if the book was from the fiction section. The stories are so far out there it seemed unreal.
- patrickk 15y agoSecond this. I'm a huge Michael Lewis fan. If you enjoyed this, I would recommend reading (in the following order): - Liar's Poker. Lewis' account of how the bond market really got huge in the 80's. The book that put him on the map. He was a bond salesman in Solomon Brothers investment bank, a really interesting read with many larger than life characters. An insider account on how companies and financial institutions gorged themselves in debt. - The Big Short. In a way this is like a "sequel" to Liar's Poker (weird to say for non-fiction I know), as the 20 year "story arc" from the grow of junk bonds, to the massive deleveraging due to the subprime mortgage collapse is examined. He also follows the stories of those canny enough to stack up massive bets in anticipation of the collapse. Finance is a boring topic generally, but Lewis focuses on the characters and is a superb storyteller. He has a real knack for being able to explain these complex, earth-shattering events in a way that those of us without PhD's in quantitative finance can understand.
- pplante 15y agoThanks for the recommendations. Those are free to read on my Kindle with amazon prime membership, definitely will be reading them now!
- patrickk 15y agoYou're welcome. Lewis also writes for Vanity Fair, where in fact some of the material for Boomerang and his other works originated. You might be interested in these also. http://www.vanityfair.com/search?query=michael+lewis&sort=score+desc http://www.vanityfair.com/search?query=michael+lewis&sor...