The Big Short tells the story of the 2007-08 financial crisis through the lens of several key players who predicted and profited from the collapse of the housing market. The book focuses on characters such as Steve Eisman, Mike Burry, Greg Lippmann, and the founders of Cornwall Capital, who saw the impending disaster and made significant gains by shorting the market. Lewis explains the complex financial instruments and the systemic failures that led to the crisis, making the narrative both accessible and engaging.
In 'Flash Boys: A Wall Street Revolt', Michael Lewis delves into the world of high-frequency trading (HFT) and its corrupting influence on the U.S. stock market. The book follows a group of Wall Street iconoclasts, including Brad Katsuyama and Sergey Aleynikov, as they uncover and challenge the unethical practices of HFT firms. Lewis explains how these firms use advanced technology to front-run orders, creating a rigged market that benefits insiders at the expense of ordinary investors. The narrative is engaging and accessible, making complex financial concepts understandable for a broad audience. The book highlights the efforts of these individuals to reform the market and restore fairness, and it has had significant impact, including prompting investigations and public discussions about market structure and fairness[2][3][5].
In 'Going Infinite', Michael Lewis delves into the life of Sam Bankman-Fried, the enigmatic founder of the failed cryptocurrency exchange FTX. The book provides a psychological portrait and a financial roller-coaster ride, tracing Bankman-Fried's trajectory from becoming the world's youngest billionaire to his eventual downfall. It covers topics such as high-frequency trading, cryptocurrencies, effective altruism, and the justice system. Despite criticism for its sympathetic portrayal of Bankman-Fried, the book offers a fascinating insight into the complex world of cryptocurrencies and the character of its central figure.
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Is the biggest financial crash about to happen? Rob interviews acclaimed author Michael Lewis to discuss why right now we could be waiting for the biggest crash in history. They discuss financial markets, government trust and economic instability. Lewis also shares his thoughts on potential market crashes, cryptocurrency as well as the controversial figures shaping today's economy including Elon Musk and Sam Bankman-Fried.
Michael Lewis REVEALS:
- Why a potential future market crash could be catastrophic if triggered by a lack of faith in the US government
- That financial markets are rigged
- Why you should ignore and stay away from crypto
- His thoughts on why Elon Musk is power drunk and ignorant
- The real reason neither U.S presidential candidate addressed the debt crisis
- The underlying trait of all successful people
- What he thinks of former FTX CEO Sam Bankman-Fried
BEST MOMENTS
"If it's a government started crisis... like a collapse in faith in the U.S. government, in the U.S. government debt then it's much bigger than the financial crisis because there's nothing to put it out."
"We have a president here whose M.O. is to destroy trust. He's really good at it, he finds places where people trust people or institutions that are trusted, and he wrecks them."
"The markets work, it's constant game theory, once something's identified, it's no longer useful and it's a game where the rules change every day."
"Is Elon Musk a net benefit to humanity or a megalomaniac?"
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ABOUT THE HOST
Rob Moore is an author of 9 business books, 5 UK bestsellers, holds 3 world records for public speaking, entrepreneur, property investor, and property educator. Author of the global bestseller “Life Leverage” Host of UK’s No.1 business podcast “The Disruptive Entrepreneur”
“If you don't risk anything, you risk everything”
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