The Story of Modern Financial Insanity

By Michael Lewis

W. W. Norton & Company, Hardcover, 9780393065145, 391pp.

Publication Date: November 2008


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.

About the Author
Michael Lewis grew up in New Orleans and has degrees from Princeton and the London School of Economics. Formerly a bond salesman with Salomon Brothers, he is the author of the runaway international bestseller, Liar's Poker. He holds an adjunct professorship at the University of California a " Berkeleya (TM)s journalism school and lives in Berkeley with his wife, Tabitha Soren.