"Michael Burry always saw the world differentlyâdue, he believed, to the childhood loss of one eye. So when the 32-year-old investor spotted the huge bubble in the subprime-mortgage bond market, in 2004, then created a way to bet against it, he wasnât surprised that no one understood what he was doing. In an excerpt from his new book, The Big Short, the author charts Burryâs oddball maneuvers, his almost comical dealings with Goldman Sachs and other banks as the market collapsed, and the true reason for his visionary obsession."
Excerpted from The Big Short: Inside the Doomsday Machine, by Michael Lewis, to be published this month by W. W. Norton; © 2010 by the author.
http://www.vanityfair.com/business/features/2010/04/wall-street-excerpt-201004
http://www.amazon.com/Big-Short-Ins...=sr_1_1?ie=UTF8&s=books&qid=1267992990&sr=8-1
Excerpted from The Big Short: Inside the Doomsday Machine, by Michael Lewis, to be published this month by W. W. Norton; © 2010 by the author.
http://www.vanityfair.com/business/features/2010/04/wall-street-excerpt-201004
http://www.amazon.com/Big-Short-Ins...=sr_1_1?ie=UTF8&s=books&qid=1267992990&sr=8-1