IRB Media Summary of Michael Lewis's The Big Short

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Please note: This is a companion version & not the original book. Book Preview: #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.