Panic: The Story of Modern Financial Insanity

Panic: The Story of Modern Financial Insanity

Hardback

By (author) Michael Lewis

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  • Publisher: WW Norton & Co
  • Format: Hardback | 352 pages
  • Dimensions: 157mm x 236mm x 36mm | 612g
  • Publication date: 26 January 2009
  • Publication City/Country: New York
  • ISBN 10: 0393065146
  • ISBN 13: 9780393065145
  • Sales rank: 512,083

Product description

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.

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