Lewis portrays these men-Steve Eisman, Mike Burry, Charlie Ledley, and Jamie Mai-as the underdogs, who were able to understand and act upon the obvious weaknesses in the subprime market. Michael Lewis introduces characters-men outside of the Wall Street machine-who foresaw the crisis and, through several different techniques, were able to predict how and when the market would fall. Despite being completely preventable, the big firms in Wall Street chose to ignore the oncoming fall in favor of making money. The main theme explored in the book is how corruption and greed in Wall Street caused the crash of the subprime mortgage market in 2008. This review of The Big Short: Inside the Doomsday Machine by Michael Lewis provides a chapter by chapter detailed summary followed by an analysis and critique of the strengths and weaknesses of the book. If you have not yet bought the original copy, make sure to purchase it before buying this unofficial summary from aBookaDay. Warning: This is an independent addition to The Big Short, meant to enhance your experience of the original book.
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