The Big Short: Inside the Doomsday Machine

Impending

The Big Short

Also by Michael Lewis
Home Game
Liar's Poker
The Money Culture
Pacific Rift
Losers
The New New Thing
Next
Moneyball
Coach
The Blind Side
EDITED BY MICHAEL LEWIS
Panic

The Big Short
INSIDE THE DOOMSDAY MACHINE

Michael Lewis

W. W. NORTON & COMPANY
NEW YORK LONDON

Copyright (c) 2010 by Michael Lewis
All rights reserved
For information about permission to reproduce selections from this book, write to Permissions, W. W. Norton & Company, Inc., 500 Fifth Avenue, New York, NY 10110
ISBN: 978-0-393-07819-0
W. W. Norton & Company, Inc.
500 Fifth Avenue, New York, N.Y. 10110

W. W. Norton & Company Ltd.
Castle House, 75/76 Wells Street, London W1T 3QT

For
Michael Kinsley
To whom I still owe an article

The most difficult subjects can be explained to the most slow-witted man if he has not formed any idea of them already; but the simplest thing cannot be made clear to the most intelligent man if he is firmly persuaded that he knows already, without a shadow of doubt, what is laid before him.
--Leo Tolstoy, 1897

Impending

Contents
Prologue Poltergeist
Chapter 1 A Secret Origin Story
Chapter 2 In the Land of the Blind
Chapter 3 "How Can a Guy Who Can't Speak English Lie?"
Chapter 4 How to Harvest a Migrant Worker
Chapter 5 Accidental Capitalists
Chapter 6 Spider-Man at The Venetian
Chapter 7 The Great Treasure Hunt
Chapter 8 The Long Quiet
Chapter 9 A Death of Interest
Chapter 10 Two Men in a Boat
Epilogue Everything Is Correlated
Acknowledgments