
The Big Short by Michael Lewis
In the run-up to the housing collapse of 2007–2008, houses weren’t merely expensive, they were insanely expensive. Yet just when it seemed that prices couldn’t go higher, some fool would come along and pay an enormous sum for a glorified hovel. You didn’t have to be a genius to realize that American real estate was overvalued. It did, however, take something special to figure out how to make money off the madness. A group of between ten and twenty people did just that, making the bet of a lifetime that author Michael Lewis calls “The Big Short.”
The cast of characters in Lewis’s highly readable