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The Big Short: Inside the Doomsday Machine
by Michael Lewis
Were 'Smoke and Mirrors' necessary? (10/25/2010)
My biggest problem with the book was that the author failed to explain why even a sound mortgage would make an attractive investment instrument for buyers.
If you yourself were to buy such a mortgage, your investment would be tied up, up to thirty years, yield a lowmore
The Big Short: Inside the Doomsday Machine
by Michael Lewis
Dunceville... (10/23/2010)
Just as in Liars Poker, Michael Lewis once again did a great job of explaining what happened during the recent financial meltdown. I am grateful for his insights and will try to remember them when making future investment decisions.
Being of German extraction I also couldmore
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