Panic: The Story of Modern Financial Insanity

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W. W. Norton & Company, 2009 - Business & Economics - 391 pages
10 Reviews

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.

As he proved in Liar's Poker, The New New Thing, and Moneyball, Lewis is without peer in his understanding of market forces and human foibles. He is also, arguably, the funniest serious writer in America.

 

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LibraryThing Review

User Review  - kevinyezbick - LibraryThing

Disappointed by the audiobook. There are no notifications when you've reached the end of a disk. Perhaps I should have read the summary a bit more carefully, as this is just an overview of past events ... Read full review

LibraryThing Review

User Review  - Bridget770 - LibraryThing

Loved this book. Loved reading articles written during the financial chaos; it gives incredible perspective to what people were thinking and feeling. This book is not a thorough analysis of what ... Read full review

Contents

III
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IV
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V
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VI
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VII
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VIII
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IX
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XXXV
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About the author (2009)

Michael Lewis, is the best-selling author of Liar’s Poker, Moneyball, The Blind Side, and Flash Boys. He lives in Berkeley, California, with his wife and three children.

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