Nữ Hoàng & Kẻ Cướp tải về miễn phí cuốn sách

Anna Danchyshyn ganusiadan3916 — another by my mama.

陈 志新 37823221128a0b — With The Big Short, Michael Lewis has told one of the more detailed accounts of how the home mortgage-based financial crisis was spawned and then predicted by a select few. As with all of Lewis' books, the focus is on a few quixotic characters who are at the center of a moment in recent history. In Liar's Poker, it was Lewis himself and the executives at Salomon Brothers during the 1980s. The Big Short is Lewis' first book back to Wall Street where he made of name for himself as bonds salesman turned journalist and author after leaving Salomon Brothers. He is surprised to see that much has changed in the 20 years he has been away, but not how he expected it. The same profanity-laden bankers and analysts are power players, but the bonus are bigger, much bigger and the financial "instruments" have gotten much more complex. There are 3 main characters, or small groups of characters: Steve Eisman and his FrontPoint Partners associates, the trio at Cornwall Capital, and Michael Burry, the former neurologist turned day trader turned hedge fund manager. Burry's story alone would be unique without being set against the financial meltdown as he diagnoses himself with Asperger's syndrome while researching his own child's symptoms. Eisman is by far the most blunt and profane, and therefore entertaining, of the lot. While Cornwall Capital and Burry are Wall Street outsiders, Eisman's FrontPoint is a subsidiary of Morgan Stanley, giving him access to many of the decision-makers of the big investment banks. We get to listen in on the meetings and conferences he attended and see him take full advantage of the opportunity to rudely proclaim, to their faces, that he thinks subprime mortgage bond sellers, the ratings agencies and mortgage services are peddling crap. Like the rest of these colorful investors, he puts his money where his mouth is and bets against (shorts) the subprime mortgage market by buying credit default swaps (insurance) on pools of loans (CDOs). Like all Michael Lewis books, The Big Short traces each main, and even minor, character's personal and professional history as far as it serves the narrative. The motivations and rationale of each actor makes you identify with them. Even as the market begins to crash, we see how conflicted they are about profiting from the demise of an entire system. In fairness, they tried to warn government agencies and the market (by so boldly betting against it). The prose is very good, as has come to be expected from Lewis, but he doesn't gets to stretch his legs as often as he has in previous books. There is so much minutiae required to inform on such a complex subject and to accurately lay out each step in the crisis. Even so, the characters are completely engrossing and the time flies by. I can't wait for the next book, whether it be about sports, finances or something completely different.