While the rating tells you how good a book is according to our two core criteria, it says nothing about its particular defining features. Therefore, we use a set of 20 qualities to characterize each book by its strengths:
Applicable – You’ll get advice that can be directly applied in the workplace or in everyday situations.
Analytical – You’ll understand the inner workings of the subject matter.
Background – You’ll get contextual knowledge as a frame for informed action or analysis.
Bold – You’ll find arguments that may break with predominant views.
Comprehensive – You’ll find every aspect of the subject matter covered.
Concrete Examples – You’ll get practical advice illustrated with examples of real-world applications or anecdotes.
Controversial – You’ll be confronted with strongly debated opinions.
Eloquent – You’ll enjoy a masterfully written or presented text.
Engaging – You’ll read or watch this all the way through the end.
Eye opening – You’ll be offered highly surprising insights.
For beginners – You’ll find this to be a good primer if you’re a learner with little or no prior experience/knowledge.
For experts – You’ll get the higher-level knowledge/instructions you need as an expert.
Hot Topic – You’ll find yourself in the middle of a highly debated issue.
Innovative – You can expect some truly fresh ideas and insights on brand-new products or trends.
Insider’s take – You’ll have the privilege of learning from someone who knows her or his topic inside-out.
Inspiring – You’ll want to put into practice what you’ve read immediately.
Overview – You’ll get a broad treatment of the subject matter, mentioning all its major aspects.
Scientific – You’ll get facts and figures grounded in scientific research.
Visionary – You’ll get a glimpse of the future and what it might mean for you.
Well structured – You’ll find this to be particularly well organized to support its reception or application.
If you wonder how the US suffered one of the most damaging financial crises in its history, catch Michael Lewis’s definitive history of the characters and plots that led to Wall Street’s undoing. He offers a black, sardonic portrayal of how smart, seemingly shrewd and very ambitious people – the elite of the elite, traders and quants alike – became obsessed with making money from a situation they didn’t fully understand. Then he profiles a tiny number of people who understood exactly what was happening and couldn’t believe their eyes. The book is not a chronology, but a set of portraits of these few victors, connected by the tale of the unfolding crisis. Though the book’s structure is not an asset, its writing is compelling. Interestingly, the savants Lewis depicts were strange characters with weird backgrounds, spurred by a mixture of cynicism and naïveté. They would not stop asking questions, did not accept the experts’ risk models, and were slow to trust anyone else’s knowledge or judgment. The darkest part of Lewis’s history is that no one held the major institutions that caused the crisis to account. getAbstract recommends this engrossing report to bankers, traders, journalists, historians and federal prosecutors.
About the Author
Financial journalist Michael Lewis has written several bestsellers, including Moneyball and Liar’s Poker. He also once sold bonds in the London office of Salomon Brothers.