The Story of Modern Financial Insanity
The New York Times bestseller: A masterful account of today’s money culture, showing how the underpricing of risk leads to catastrophe.
When it comes to markets, the first deadly sin is greed. In this New York Times bestseller, Michael Lewis is our jungle guide through five of the most violent and costly upheavals in recent financial history. 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, with the luxury of hindsight, analyzes what actually happened and what we should have learned from experience.
Praise For Panic: The Story of Modern Financial Insanity…
In this enlightening (and frightening) anthology, the Moneyball and Liar’s Poker author collects the best reporting and analysis of every Wall Street crisis of the past twenty years. As a source of aid in these troubled times, the book’s only competition is a bottle of Scotch.
W. W. Norton & Company, 9780393337983, 400pp.
Publication Date: November 2, 2009