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Response to Proserpina (Reply #6)

Thu Dec 24, 2015, 06:31 PM

12. Maybe that is why Zuckerman's work did not make it.

Michael Lewis has a talent of digging deep and finding those individuals, who although are at the periphery, cut to the core of topic.

Michael Burry, Steve Eisman, and Charlie Hedley serve as a near perfect framing of a narrative of how the entire worldwide economy nearly melted down. The scene in the book between Eisman (double-dipping his edamame) and Wing Chau is a revelation. "Say that again!" Yet you learn in that scene how the doomsday machine operated.

You can promote other narratives, but Lewis' is the one who lucidly explained exactly what a credit default swap and a collateralized debt obligation are. Oh! Plus what a synthetic collateralized debt obligation is! Others may explain it academically, Michael Lewis does it with narrative. And when Eisman realizes that Wing Chau is on the other side of his wager he, and the readers, know that he's the chump. Plus, we then know exactly what a synthetic CDO is.

For Christ sakes! It is the narrative that informs.

I reject your rejection. The Big Short is a Big Win. Can't wait to see the film.

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Arrow 24 replies Author Time Post
shadowmayor Dec 2015 OP
cwydro Dec 2015 #1
rhett o rick Jan 2016 #24
Gothmog Dec 2015 #2
still_one Dec 2015 #3
shadowmayor Dec 2015 #5
still_one Dec 2015 #17
lame54 Dec 2015 #8
Brother Buzz Dec 2015 #4
Proserpina Dec 2015 #6
LineLineReply Maybe that is why Zuckerman's work did not make it.
longship Dec 2015 #12
longship Dec 2015 #13
Whiskeytide Dec 2015 #15
longship Dec 2015 #16
MinM Dec 2015 #22
MinM Jan 2016 #23
NastyRiffraff Dec 2015 #7
pansypoo53219 Dec 2015 #11
longship Dec 2015 #9
Proserpina Dec 2015 #20
longship Dec 2015 #10
colsohlibgal Dec 2015 #14
miyazaki Dec 2015 #18
shadowmayor Dec 2015 #19
miyazaki Dec 2015 #21
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