Finished The Big Short.
If you read his article from 2009 in Portfolio he introduces Steve Eismann and develops all of the themes for this book. To be honest, aside from introducing a few more interesting individuals, that long article is all you need. The book provides some nice filler and in the end is an enjoyable read, but it's ultimately not necessary if you've read the article. Indeed, the opening chapter+ I think lifts paragraphs directly from the article.
It really is worth a read despite my gripes (constant re-explanation of various subprime securities would maybe be helpful if you're a layman but are infuriating if you come in with any knowledge) and the individuals introduced are fantastic characters. I think if you have no real understanding of what happened in September and October of 2008, though, you will come away feeling underwhelmed by the conclusion.
Now I am moving on to the Unincorporated War and Guns of August.
If you read his article from 2009 in Portfolio he introduces Steve Eismann and develops all of the themes for this book. To be honest, aside from introducing a few more interesting individuals, that long article is all you need. The book provides some nice filler and in the end is an enjoyable read, but it's ultimately not necessary if you've read the article. Indeed, the opening chapter+ I think lifts paragraphs directly from the article.
It really is worth a read despite my gripes (constant re-explanation of various subprime securities would maybe be helpful if you're a layman but are infuriating if you come in with any knowledge) and the individuals introduced are fantastic characters. I think if you have no real understanding of what happened in September and October of 2008, though, you will come away feeling underwhelmed by the conclusion.
Now I am moving on to the Unincorporated War and Guns of August.