Bookmarks has not yet published a review of this book. We may do so in the future; in the meantime, please see the other review sources to the right and browse the information from Amazon.com below.
W. W. Norton & Company
352 pages
Product Description
<p><strong>A masterful account of today's money culture, showing how the underpricing of risk leads to catastrophe.</strong></p><p>When it comes to markets, the first deadly sin is greed. Michael Lewis is our jungle guide through five of the most violent and costly upheavals in recent financial history: the crash of '87, the Russian default (and the subsequent collapse of Long-Term Capital Management), the Asian currency crisis of 1999, the Internet bubble, and the current sub-prime mortgage disaster. With his trademark humor and brilliant anecdotes, Lewis paints the mood and market factors leading up to each event, weaves contemporary accounts to show what people thought was happening at the time, and then, with the luxury of hindsight, analyzes what actually happened and what we should have learned from experience.</p> <p /> <p>As he proved in <em>Liar's Poker</em>, <em>The New New Thing</em>, and <em>Moneyball</em>, Lewis is without peer in his understanding of market forces and human foibles. He is also, arguably, the funniest serious writer in America.</p>