Michael Lewis: The Big Short

Feb 26, 2011
J. Webster
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Michael Lewis, who wrote the book “The Big Short: Inside the Doomsday Machine” looks at the financial meltdown on 60 minutes. This book is just an incredible read. What’s amazing to me is how the people who didn’t believe that the real estate prices were going to continue to go up, and saw the danger of all the sub-prime mortgages, had to wait, and wait and wait, until the collapse actually happened. Many people thought they were crazy, and even pulled money out of their funds, thinking they were going to be wrong. But they held strong and were very patient. How many of you have that kind of discipline?

Part I

Part II

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