Cover for The Big Short - Inside the Doomsday Machine

The Big Short - Inside the Doomsday Machine

Michael Lewis

Summary

Michael Lewis's "The Big Short – Inside the Doomsday Machine" unravels the complex and often opaque world of high finance that led to the 2008 global financial crisis. Through a narrative that follows a handful of outsiders—investors and analysts who saw the impending collapse before anyone else—Lewis exposes the systemic flaws, risky innovations, and collective denial that fueled the subprime mortgage bubble. This account not only clarifies the roots of the crisis but also illuminates how individual insight and skepticism can challenge institutional groupthink, offering lessons for anyone interested in understanding modern financial systems.