The Big Short (book)

"The Big Short," by Michael Lewis, explores the 2008 financial crisis triggered by the collapse of the housing market. The book follows a few astute investors who noticed that many subprime mortgages were not sustainable, and they bet against the market by shorting mortgage-backed securities. Lewis explains complex financial instruments and the widespread negligence of the financial system, highlighting how greed and lack of oversight led to the crisis. The narrative illustrates the interconnectedness of financial markets and the consequences of risky investments, ultimately revealing how ordinary people suffered from the fallout of reckless decisions by financial institutions.