Summary of The Big Short

Looking for the book?
We have the summary! Get the key insights in just 10 minutes.

The Big Short book summary


9 Overall

8 Importance

9 Innovation

9 Style


The global financial panic of 2008 stemmed from the collapse of the market for mortgage-backed bonds and collateralized debt obligations (CDOs). Executives at many major financial institutions were slow to recognize the true risk of interest-bearing securities backed by home mortgages. Yet some money managers not only predicted the collapse of the mortgage securities market but also profited from it. Best-selling author Michael Lewis writes a narrative that moves along like a novel. He profiles a handful of money managers who correctly forecast that an explosion of mortgage loan defaults would flatten the housing industry and slam U.S. economic growth. Though he focuses his engrossing narrative on these contrarian investors, Lewis also traces the roots of the 2008 crisis to original U.S. policy decisions in the 1980s that allowed major Wall Street firms to become publicly held – thus making the investment banks themselves objects of speculation and letting bankers gamble with their stockholders’ investments. getAbstract recommends this compelling book to readers who want deeper insights into the U.S. financial system from the perspective of obscure money wranglers who bet against the subprime industry when few others would – and made a fortune.

About the Author

Michael Lewis is author of The Blind Side and Liar’s Poker, the international bestseller that depicts the culture of Wall Street during the 1980s. He is a contributing writer for The New York Times Magazine and Vanity Fair.


Unfortunately, our contract with the publisher of this book does not allow us to distribute the summary in your country. This is a rare occurrence. We apologize for the inconvenience. Please click below for another edition of the book or feel free to download any other title.

Click here for another edition of this book.

Comment on this summary

More on this topic

By the same author

Customers who read this summary also read

More by category