Summary of Michael Lewis's The Big Short - E-book - ePub

Please note: This is a companion version & not the original book. Sample Book Insights: #1 Eisman had a special talent for making noise and breaking with consensus opinion. He started as a junior equity analyst at Oppenheimer in December 1991, but was quickly appointed the lead analyst for Aames Financial, a subprime mortgage lender, after telling his superiors that he'd worked on a deal for The Money Store. #2 Eisman became one of the few analysts at Oppenheimer whose opinions might stir the markets.
He was known for his half-open mouth, which he feared might not be able to express whatever thought had just flitted through his mind quickly enough. #3 Eisman had a talent for offending people. He was not tactically rude, but sincerely rude. He knew that everyone thought of him as a character, but he didn't think of himself that way. #4 Eisman was a curious character, and he had walked onto Wall Street at the very beginning of a curious phase.
The creation of the mortgage bond market had extended Wall Street into a place it had never been before: the debts of ordinary Americans.