What are you reading now? Jun 7, 2010 12:22:15 GMT -5
Post by Kahlessa on Jun 7, 2010 12:22:15 GMT -5
This gripping tale tells of individuals who foresaw the collapse of sub-prime mortgages and made huge profits at the beginning of the great recession. All are very smart, but quite different. To win profits, they learned to use the latest cutting-edge investments. The investments won’t work unless they are timed correctly. Leading experts and peers considered them fools. When mortgage foreclosures begin rising, the investments did not seem to be working. And when they win their bets, can they collect their winnings before companies who made the loosing bets fail?
I don’t usually read finance or business books. But, I saw BookTV author interviews and a 60 Minutes story that piqued my interest. They were mostly about The Big Short by Michael Lewis. Then, I read an Amazon.com review about The Big Short that said “Didn't we hear this story before? In fact, we did about six months ago when Gregory Zuckerman of the Wall Street Journal came out with The Greatest Trade Ever: The Behind-the-Scenes Story of How John Paulson Defied Wall Street and Made Financial History. One of the best reads of the year, a truly great book. …” I have not had a look at The Big Short, but I just now reached the top of the library wait list.
It sounds very interesting. I've seen that book at the bookstore where I work, but I haven't read it yet.