The Big Short

Michael Lewis' nonfiction book The Big Short: Inside the Doomsday Machine chronicles the rise of the US housing bubble in the 2000s. W. W. Norton & Company published it on March 15, 2010. It was the inspiration for the 2015 film of the same name, which spent 28 weeks on the New York Times bestseller list.

The Big Short is a book about several key players in the creation of the credit default swap market, who sought to bet against the CDO bubble and thus profited from the financial crisis of 2007–08. It also exposes the unique personalities of those who "go against the grain" by betting against the market or otherwise.

Although it is a fun story, it is really a study of what it takes to be a great trader. The book examines the actions of a group of short-sellers and explains why they pursue their strategy. But, more crucially, it delves into the complexities of the financial system and how its flaws were exploited when no one else was looking.

The ability of Michael Lewis to communicate a difficult financial issue to those with little prior knowledge of the subject is what makes 'The Big Short' such a good book. It does an excellent job of describing the rise and fall of the housing bubble in the United States, as well as why it mattered. It is the reason why this book was chosen is one of the best books on trading.

Author: Michael Lewis

Link to buy: https://www.amazon.com/Big-Short-Inside-Doomsday-Machine/dp/0393338827