Pages

May 25, 2016

The Big Short

  





A fast read and wonderfully explained. Michael Lewis has a knack for taking the complicated and making it easy to digest and understand. If you have any interest at all into the financial crisis of 07'-08' due to the housing bubble then this is your read.

Learning about these key players who were so ahead of the game, gave me chills.

Meredith Whitney, who predicted the demise of Citigroup and Bear Stearns. Steve Eisman, an outspoken hedge fund manager. Greg Lippmann, a Deutsche Bank trader. Eugene Xu, a quantitative analyst who created the first CDO market by matching buyers and sellers. The founders of Cornwall Capital, who started a hedge fund in their garage with $110,000 and built it into $120 million when the market crashed; and Michael Burry, an ex-neurologist who created Scion Capital.

As someone who worked in private equity, as well as for a "premier global financial service" it brought me right back.

No comments: