Summary Of The Big Short
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Summary Of The Big Short
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Author : Instaread
language : en
Publisher: Createspace Independent Publishing Platform
Release Date : 2016-05-05
Summary Of The Big Short written by Instaread and has been published by Createspace Independent Publishing Platform this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-05-05 with categories.
Summary of The Big Short by Michael Lewis | Includes Analysis Preview: In December of 1991, Steve Eisman was working for Oppenheimer and Co. as an analyst and became known for his knack for ignoring consensus, an analysis of a stock's future sales and earnings. In the early 1990s, the Salomon Brothers trading floor began a whole new bond market by packaging mortgages into bonds. In this way, they began to tap the unused equity many people had in their homes, driving the interest rates of mortgages so low that even those with less than perfect credit could get low rates. This led to a surge in subprime mortgages, mortgages offered to those with poor credit ratings. Subprime mortgages were then packaged into bonds and sold to investors. Eisman hired accountant Vincent Daniel to help him decipher the suspicious accounting used by subprime mortgage originators. Daniel discovered companies were booking profits for expected future values of loans, and prematurely displaying themselves as profitable. However, they were failing to reveal the delinquency rate of the home loans they were making, claiming that they were selling these loans to be packaged as bonds, so their risk was limited. An example of this was Long Beach Savings, one of the first banks to implement what was called the originate and sell method, a method of originating a loan that was likely to be defaulted on and sell it to another lender, but leave it on the books to appear as profit... PLEASE NOTE: This is key takeaways and analysis of the book and NOT the original book. Inside this Instaread Summary of The Big Short · Overview of the book · Important People · Key Takeaways · Analysis of Key Takeaways About the Author With Instaread, you can get the key takeaways, summary and analysis of a book in 15 minutes. We read every chapter, identify the key takeaways and analyze them for your convenience.
Summary Of The Big Short
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Author : Elite Summaries
language : en
Publisher:
Release Date : 2016-08-17
Summary Of The Big Short written by Elite Summaries and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-08-17 with categories.
The Big Short: by Michael Lewis | Summary & Analysis A Smarter You In 15 Minutes... What is your time worth? The Big Short, an informative book written by Michael Lewis, published in 2011. Michael Lewis is known for his immeasurable writing ability that has seen many people getting informed and inspired. Apart from The Big Short, Lewis has also shown an outstanding literal work when he wrote Liar's Poker and Moneyball. In The Big Short, Lewis comments about the 2008 financial crisis from a very unique perspective, different from what other plethora of writers have done so far. Lewis concisely points out and explains some of the most confusing and inappropriate financial transactions ever conducted by a civilized society. And he does it boldly, with the precision of a surgeon. Readers are however not directly taken through the impacts of the malignant policies enacted by the government, which compelled people into the malaise, but are told the nitty-gritty, without necessarily provoking anyone in the higher rank. The Big Short is surely meant to be a comprehensive, introspection of the current financial crisis. The Big Short: Inside the Doomsday Machine is an instructive book that perfectly gives an insight of the economic status, and the possible characters hindering progress. The book explains the reason for the increased estate prices during 2005-2008 economic crises. Having such an irresistible knowledge given by Michal Lewis, and full idea of the causes of economic problems, is essential in shaping our financial status and a key to economic advancement. All those who purchase this book will get elaborated information of what happened to the economy in 2005-2008. Detailed overview of the book Most valuable lessons and information Key Takeaways and Analysis Take action today and grab this best selling book for a limited time discount of only $6.99! Written by Elite Summaries Please note: This is a detailed summary and analysis of the book and not the original book. keyword: The Big Short, The Big Shortbook, Michael Lewis, The Big Short Michael Lewis, The Big Short paperback, The Big Short kindle
Summary Of The Big Short
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Author : Instaread Summaries
language : en
Publisher: Idreambooks
Release Date : 2016-04-05
Summary Of The Big Short written by Instaread Summaries and has been published by Idreambooks this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-04-05 with Business & Economics categories.
The Big Short By Michael Lewis Summary Analysis
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Author : Elite Summaries
language : en
Publisher: Elite Summaries
Release Date :
The Big Short By Michael Lewis Summary Analysis written by Elite Summaries and has been published by Elite Summaries this book supported file pdf, txt, epub, kindle and other format this book has been release on with Business & Economics categories.
The Big Short, an informative book written by Michael Lewis, published in 2011. Michael Lewis is known for his immeasurable writing ability that has seen many people getting informed and inspired. Apart from The Big Short, Lewis has also shown an outstanding literal work when he wrote Liar’s Poker and Moneyball. In The Big Short, Lewis comments about the 2008 financial crisis from a very unique perspective, different from what other plethora of writers have done so far. p.p1 {margin: 0.0px 0.0px 10.0px 0.0px; text-align: justify; font: 11.0px 'Trebuchet MS'; color: #000000; -webkit-text-stroke: #000000} span.s1 {font-kerning: none} Lewis concisely points out and explains some of the most confusing and inappropriate financial transactions ever conducted by a civilized society. And he does it boldly, with the precision of a surgeon. Readers are however not directly taken through the impacts of the malignant policies enacted by the government, which compelled people into the malaise, but are told the nitty-gritty, without necessarily provoking anyone in the higher rank. The Big Short is surely meant to be a comprehensive, introspection of the current financial crisis. The Big Short: Inside the Doomsday Machine is an instructive book that perfectly gives an insight of the economic status, and the possible characters hindering progress. The book explains the reason for the increased estate prices during 2005-2008 economic crises. Having such an irresistible knowledge given by Michal Lewis, and full idea of the causes of economic problems, is essential in shaping our financial status and a key to economic advancement. All those who purchase this book will get elaborated information of what happened to the economy in 2005-2008.
The Big Short
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Author : Michael Lewis
language : en
Publisher: Penguin UK
Release Date : 2011-01-27
The Big Short written by Michael Lewis and has been published by Penguin UK this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-01-27 with Business & Economics categories.
THE OUTRAGEOUS NO.1 INTERNATIONAL BESTSELLER, NOW AN OSCAR- AND BAFTA-WINNING FILM From the jungles of the trading floor to the casinos of Las Vegas, The Big Short, Michael Lewis's No.1 bestseller, tells the story of the misfits, renegades and visionaries who saw that the biggest credit bubble of all time was about to burst, bet against the banking system - and made a killing. 'In the hands of Michael Lewis, anything is possible ... if you want to know how a nation lost its financial mind - and have a good laugh finding out - this is the book to read' Sunday Times 'Magnificent ... a perfect storm of brilliant writer meeting big subject' Guardian 'A triumph ... riveting ... The Big Short reads like a thriller' The Times 'A terrifying story, superbly well told' Daily Telegraph 'A rollicking good yarn' Financial Times 'Probably the single best piece of financial journalism ever written' Reuters
Summary Of The Big Short
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Author : Abookaday
language : en
Publisher: Createspace Independent Publishing Platform
Release Date : 2016-08-20
Summary Of The Big Short written by Abookaday and has been published by Createspace Independent Publishing Platform this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-08-20 with categories.
Warning This is an independent addition to The Big Short, meant to enhance your experience of the original book. If you have not yet bought the original copy, make sure to purchase it before buying this unofficial summary from aBookaDay. OVERVIEW This review of The Big Short: Inside the Doomsday Machine by Michael Lewis provides a chapter by chapter detailed summary followed by an analysis and critique of the strengths and weaknesses of the book. The main theme explored in the book is how corruption and greed in Wall Street caused the crash of the subprime mortgage market in 2008. Despite being completely preventable, the big firms in Wall Street chose to ignore the oncoming fall in favor of making money. Michael Lewis introduces characters-men outside of the Wall Street machine-who foresaw the crisis and, through several different techniques, were able to predict how and when the market would fall. Lewis portrays these men-Steve Eisman, Mike Burry, Charlie Ledley, and Jamie Mai-as the underdogs, who were able to understand and act upon the obvious weaknesses in the subprime market. Lewis's overall point is to demonstrate how the Wall Street firms were manipulating the market. They used loans to cash in on the desperation of middle-to-lower class Americans, and then ultimately relied on the government to bail them out when the loans were defaulted. Using anecdotes and interviews from the men who were involved first-hand, the author makes the case that Wall Street, and how they conducted business in regards to the subprime mortgage market, is truly corrupt beyond repair, and the men he profiles in this novel were trying to make the best out of a bad situation. By having the words from the sources themselves, this demonstrates Lewis's search for the truth behind what actually happened. Ultimately, we as an audience can not be sure if the intentions of these underdogs were truly good, but Lewis does an admirable job presenting as many sides to the story as possible. The central thesis of the work is that the subprime mortgage crisis was caused by Wall Street firms pushing fraudulent loans upon middle-to-lower class Americans that they would essentially not be able to afford. Several people outside of Wall Street were able to predict a crash in the market when these loans would be defaulted on, and bought insurance to bet against the market (essentially, buying short). Over a time period from roughly 2005-2008, the market crashed and huge banks and firms lost billions of dollars, filed for bankruptcy, or were bailed out by the government. These men, the characters of Lewis's novel, were able to bet against the loans and made huge amounts of money, but it was not quite an easy journey. Michael Lewis is a non-fiction author and financial journalist. He has written several novels-notably Liar's Poker in 1989, Moneyball in 2003, and The Blind Side in 2006. Born in New Orleans, he attended Princeton University, receiving a BA degree in Art History. After attending London School of Economics and receiving his masters there, he was hired by Salomon Brothers where he experienced much about what he wrote about in Liar's Poker. He is currently married, with three children and lives in Berkeley, California. SUMMARY PROLOGUE: POLTERGEIST Michael Lewis begins his tale of the remarkable-and strange-men who predicted the immense fall of the housing market by immediately exposing himself as the exact opposite type of person from them. He explains to the reader that he has no background in accounting, business, or money managing. Any success he has had with his previous book Liar's Poker, an account of his time working at Salomon Brothers in 1985, has been luck. That book had primarily been about the bond market and how that company, among many others Available on PC, Mac, smart phone, tablet or Kindle device. (c) 2015 All Rights
Book Summary
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Author : Executive Reads
language : en
Publisher: Createspace Independent Publishing Platform
Release Date : 2015-12-05
Book Summary written by Executive Reads and has been published by Createspace Independent Publishing Platform this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-12-05 with categories.
Should you spend 10 hours read the whole book? Did you already read it and forget the key ideas? Executive Reads to the rescue! In The Big Short, Micheal Lewis chronicles the looming housing market crash of 2008-09 through the eyes of a select few who saw it coming and positioned themselves to make a substantial amount of money from the folly of bankers. Follow the unapologetic analyst Steve Eisman, the value investor-savant Michael Burry, the two "event-driven" investors with no hedge fund chops, and the sleazy Grep Lippmann who did he best to spread the idea and make money off investors wanting in and out of subprime. Whether you seek to save time in understanding this fascinating book, want to see if you should read the full-length book, or want to refresh your memory of what it said, Executive Reads provides you with a clear and concise summary. Each summary also includes a full-color infographic summarizing the main concepts. This includes diagrams of a Credit Default Swaps, a Collateralized Debt Obligation, and a timeline of the events from the book in chronological order.
The Big Short By Michael Lewis A 15 Minute Instaread Summary
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Author : Instaread Summaries
language : en
Publisher: CreateSpace
Release Date : 2014-09-04
The Big Short By Michael Lewis A 15 Minute Instaread Summary written by Instaread Summaries and has been published by CreateSpace this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-09-04 with Business & Economics categories.
PLEASE NOTE: This is a summary of the book and NOT the original book. The Big Short by Michael Lewis - A 15-minute Instaread Summery Inside this Instaread Summary: • Overview of the entire book • Introduction to the important people in the book • Summary and analysis of all the chapters in the book • Key Takeaways of the book • A Reader's Perspective Preview of this summary: Chapter 1 In December of 1991, Steve Eisman was working for Oppenheimer and Co. as an analyst and became known for his knack for ignoring consensus, an analysis of a stock's future sales and earnings. In the early 1990s, the Salomon Brothers trading floor began a whole new bond market by packaging mortgages into bonds. In this way, they began to tap the unused equity many people had in their homes, driving the interest rates of mortgages so low that even those with less than perfect credit could get low rates. This led to a surge in subprime mortgages, mortgages offered to those with poor credit ratings. Subprime mortgages were then packaged into bonds and sold to investors. Eisman hired accountant Vincent Daniel to help him decipher the suspicious accounting used by subprime mortgage originators. Daniel discovered companies were booking profits for expected future values of loans, and prematurely displaying themselves as profitable. However, they were failing to reveal the delinquency rate of the home loans they were making, claiming that they were selling these loans to be packaged as bonds, so their risk was limited. An example of this was Long Beach Savings, one of the first banks to implement what was called the originate and sell method, a method of originating a loan that was likely to be defaulted on and sell it to another lender, but leave it on the books to appear as profit...
The Big Short
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Author : Book Summary
language : en
Publisher: Createspace Independent Publishing Platform
Release Date : 2016-04-25
The Big Short written by Book Summary and has been published by Createspace Independent Publishing Platform this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-04-25 with categories.
The Big Short by Michael Lewis | Book Summary Sometimes our minds wonder if what is happening in the world is actually right even though we are often convinced that nothing outright evil might be taking place. Sometimes we have dreams of becoming the people we see in the media who seem like paragons of success or gods of the corporate world. Though ignorance may be bliss or what we do not know may not harm us directly, sometimes a small revelation into some issues and matters in the community or a nation goes a long way into adjusting our attitudes and sails of life. It may become a reference point to use in raising our children, and with the wisdom thereof, equip them with the truth so that they may also endeavour to come up with solutions when their time comes. As Michael Lewis writes, he hopes that college students trying to decide what to do with their lives might read it and decide that it's silly to phony it up, and abandon their passions or even their faint interests, to become financiers." He hoped that some bright kid at Ohio State University who really wanted to be an oceanographer would read his book, spurn the offer from Goldman Sachs, and set out to sea.Many things have taken place in the past, and others continue to occur even as you venture to consume this book in a jiffy. They said that knowledge and only the right kind of knowledge is power. Wisdom springs forth from the beginning of experience, and the knowledge of this experience makes the wisdom far greater than one can imagine. Michael Lewis' book, The Big Short, comes with knowledge of historical events inside Wall Street. It comes bundled with real life experiences of business persons, companies, co-operations, organizations, and individuals. The book reveals what the world would have never known, or even heard. They seem like memoirs, memories of tycoons losing huge amounts of money, fraudsters taking advantage of the poor, and companies twisting their accounts for their own gain. Herein you find evil, crime, and tales of men who tried to fight the same with a weak yet formidable determination. Here Is A Preview Of What You'll Learn... A Secret Origin Story In the Land of the Blind How Can a Guy Who Can't Speak English Lie? How to Harvest a Migrant Worker Accidental Capitalists Spider-Man at the Venetian The Great Treasure Hunt The Long Quiet A Death of Interest Two Men in a Boat The Book at a Glance Conclusion Final Thoughts Now What? Scroll Up and Click on "buy now with 1-Click" to Download Your Copy Right Now ************Tags: the big short, the big short book, michael lewis, michael lewis books, the big short kindle, the big short michael lewis, doomsday machine
Summary And Analysis Of The Big Short Inside The Doomsday Machine
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Author : Worth Books
language : en
Publisher: Open Road Media
Release Date : 2017-03-07
Summary And Analysis Of The Big Short Inside The Doomsday Machine written by Worth Books and has been published by Open Road Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-03-07 with Business & Economics categories.
So much to read, so little time? This brief overview of The Big Short tells you what you need to know—before or after you read Michael Lewis’s book. Crafted and edited with care, Worth Books set the standard for quality and give you the tools you need to be a well-informed reader. This short summary and analysis of The Big Short by Michael Lewis includes: Historical context Chapter-by-chapter overviews Character profiles Detailed timeline of events Important quotes Fascinating trivia Glossary of terms Supporting material to enhance your understanding of the original work About The Big Short by Michael Lewis: The writing was on the wall long before the extent of America’s worst financial meltdown since the Great Depression was made public. The mortgage bond market had become burdened with subprime loans, most of which were deceitful in their origination and ultimately resulted in delinquencies and foreclosures. Michael Lewis’s The Big Short: Inside the Doomsday Machine takes the reader behind the scenes, introducing the players and Wall Street institutions that unscrupulously helped fuel the housing bubble as well as the few who, not only foresaw the crash, but placed bets on the outcome. The summary and analysis in this ebook are intended to complement your reading experience and bring you closer to a great work of nonfiction.