1
/
of
4
The Big Short by Michael Lewis
The Big Short by Michael Lewis
Regular price
R 65.00
Regular price
Sale price
R 65.00
Unit price
/
per
Couldn't load pickup availability
Inside the Doomsday Machine
266 pages, Hardcover
240 x 157 x 28mm (L x W x T)
Condition: Good (Has very small/minor signs of wear). There no markings, inscriptions or signatures of any kind, pages are clean and vibrant.
Genres: Nonfiction / Business / Economics / History / Politics / Money
"The Big Short" chronicles the activities of key individuals who participated in the credit default swap market, specifically those who strategically wagered against the collateralized debt obligation (CDO) bubble, thereby generating substantial profits during the 2007–08 financial crisis. The narrative also examines the unconventional characteristics of these market participants, who operated counter to prevailing financial trends.
The book details the actions of individuals who accurately anticipated the collapse of the housing bubble, including:
Meredith Whitney, who accurately predicted the financial instability of Citigroup and Bear Stearns.
Steve Eisman, a hedge fund manager who executed short positions against the housing market.
Greg Lippmann, a Deutsche Bank trader involved in CDO-related transactions.
Eugene Xu, a quantitative analyst credited with establishing the first CDO market.
The principals of Cornwall Capital, who achieved significant financial gains by capitalizing on the market downturn.
Michael Burry, the founder of Scion Capital, who, leveraging his background as an ex-neurologist, strategically bet against the housing market.
Share
