The Big Short

edited March 2015 in Awesome Books
So I'm currently reading [i]The Big Short[/i]. WOW!!! This book is awesome. I know this book has been out for awhile, but I'm finally getting a chance to read it. I highly recommend this for anyone interested in the 2008 credit crisis. Just an all around great book. Michael Lewis is just about as good as you can get. Here's the link to the book if you want to check it out. One of the better books I've read this year. Here's a link: [url=http://www.amazon.com/gp/product/0393338827/ref=as_li_tl?ie=UTF8&camp=1789&creative=9325&creativeASIN=0393338827&linkCode=as2&tag=pypull-20&linkId=JM4PV4XUHAIICDX2]http://www.amazon.com/gp/product/039333 ... XUHAIICDX2[/url] -Preston P.s. I recently finished the book [i]Steve Jobs[/i], by Walter Isaacson and that was very .....interesting.... Not much to directly learn about stock and bond investing, but you definitely learn why Jobs was successful....he only cared about the product...nothing else. Also a very good example of why focus is really important. Here's a link to the book about Jobs: [url=http://www.amazon.com/gp/product/1451648537/ref=as_li_tl?ie=UTF8&camp=1789&creative=9325&creativeASIN=1451648537&linkCode=as2&tag=pypull-20&linkId=V7C63RQXQ56MGQP4]http://www.amazon.com/gp/product/145164 ... QXQ56MGQP4[/url]

Comments

  • I ordered a copy of this book, and can't wait for it to come in the mail! Looking forward to reading it.
  • Just got the book in the mail. Starting to read it, can't wait to give my review on it. :)
  • Leonardo, That's awesome, I think you'll really enjoy it. -Preston
  • Leonardo, Great that you read so much! Brian Tracy strongly believe that you should read 1 book a week. After 10 years you would have read 500 books... and he states that it is perfect! 500 books equals the need for a bigger house, and you will be able to afford it because you have gotton so much smarter from reading... Gotta love that logic! /Stig
  • I like that!
  • I just finished the book! This was a crazy read and gives you a lot of insight prior to 2008. Eisman. Lippmann, burry, and many others were very interesting characters. They made money with credit default swaps, from crappy CDOs. This was an amazing read and I'd suggest it to anyone.
  • Leonardo, I'm really glad you liked it! I know my eyes were wide open as I was reading it too. This book is crazy. -Preston
  • I enjoyed this book very much. Those who did their their homework were rewarded
  • [quote="Preston"]So I'm currently reading [i]The Big Short[/i]. WOW!!! This book is awesome. I know this book has been out for awhile, but I'm finally getting a chance to read it. I highly recommend this for anyone interested in the 2008 credit crisis. Just an all around great book. Michael Lewis is just about as good as you can get. Here's the link to the book if you want to check it out. One of the better books I've read this year. [url]http://www.amazon.com/gp/product/B00ANYJ3NI/ref=as_li_tf_tl?ie=UTF8&camp=1789&creative=9325&creativeASIN=B00ANYJ3NI&linkCode=as2&tag=pypull-20[/url] -Preston P.s. I recently finished the book [i]Steve Jobs[/i], by Walter Isaacson and that was very .....interesting.... Not much to directly learn about stock and bond investing, but you definitely learn why Jobs was successful....he only cared about the product...nothing else. Also a very good example of why focus is really important.[/quote] And, what defines a Narcissist. Marc
  • Marc, Did you read the Jobs' book? Interesting huh? -Preston
  • [quote="Preston"]Marc, Did you read the Jobs' book? Interesting huh? -Preston[/quote] Yes Preston, I read the entire book. It was well written. But, I thought the way he treated others appalling, and, I didn't like how he didn't recognize his daughter until days before he was to launch the IPO. I also thought Woz deserved and deserves much more credit. I will read The Big Short sometime over the next year as there was an 60 minutes interview with Lewis: [url=http://www.cbsnews.com/video/watch/?id=7406096n]http://www.cbsnews.com/video/watch/?id=7406096n[/url] that I just saw... Simply fascinating! Regards, Marc
  • Hello Preston, I bought "The Big Short", now I need to pull myself away from "Fire Your Stock Analyst" to read it... Regards, Marc
  • Marc, Yeah, it was absolutely jaw dropping the way Jobs treated people. -Preston
  • I am reading 'The Big Short' now. For now on whenever I think of Goldman Sachs I will remember the following quote from this book "He who has the gold makes the rules". That the credit agencies turned a blind eye to the shenanigans going on on Wall Street is deflating.
  • I went through the Big Short. It was a great read but nothing directly applicable to my potential skill set, moreso it was for entertaininment.

    As far as the Jobs book, I've heard a lot about it but it isn't written by Jobs himself... is it still worth it? I read The Everything Store which is a similar type book around Bezos -- that was a 8 out of 10.

    As far as reading a book a week (or a day), I used to be caught up in the hype. It's easy to brag about that but I got disillusioned by the lack of results I was seeing. I've since toned it down to maybe one per two weeks or less -- but I have to swear to take action on 80%+ of what's in the book before I can move on. The problem is many people just read without doing.
  • I'll check this out as well.
  • It's been a while since I read the Big Short but there were some nuggets about value investing. For instance I would consider Michael Burry to be a value investor as were the group who had read Joel Greenblatt's "So You Want to be a Stock Market Genius," and shrewdly applied principles from the book to profit from the looming crisis. All of the market participants who Michael Lewis chronicled in the book certainly performed their due diligence and applied very savvy fundamental analysis. Please read the book. The movie, although entertaining, is not a good substitute.

    I also read Walter Isaacson's bio on Steve Jobs and thougtht it was terrific, but perhaps too heavy on Jobs temper. Personally, I like the Steve Jobs who spoke to the students at Stanford and also if it's still available was interviewed on All Things Digital, including a separate interview with him and Bill Gates, especially given their intense rivalry.
  • Oops! The correct title of Joel Greenblatt's book is "You Can be a Stock Market Genius." I've read it a few times and I'm not there yet! :-)
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