Riley Burnham enterprises

lingering thoughts

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"The Big Short" by Michael Allen

"The Big Short" by Michael Lewis

book review by Riley Burnham 9/13/2022

extremely good book -- highly informative; great audio production

what a view into the '08 financial "situation," as this profiles the small few who were betting that the economy was going to crash spectacularly as junk assets were being sold as AAA (risk-free)

there's a lot of detail involved in this account; it would be hard to summarize -- i learned that many folks were oblivious; that the perpetrators mostly cashed out handsomely after the bailouts; etc.

i learned the guy who was "right" & accurately called/predicted/bet this situation was hardly riding waves of glory, as his stresses grew to where he worried about heart-issues, etc.

detailed, interesting, illuminating...