Castles Made of Sand: The Big Short (Must Read)

by rubenharris


I recommend this book to everyone; whether you are in finance or not.  Michael Lewis does an excellent job of not only explaining the cause of the current U.S. financial crisis, but writes a captivating storyline.  Lewis writes in a way that puts those who are daunted by arcane financial jargon at ease by clear definitions and illustrations.  The story is about several unique individuals who recognized the corruption of subprime mortgage lenders, the negative effects of the derivatives that were based off of them, and figured out how to short (profit from a decrease in) the market.