Featuring an exclusive interview with the author, 'America's poet laureate of capital' (The Los Angeles Times), get ready to dive into the thrilling world of markets and financial history! In Panic!, the #1 bestselling author Michael Lewis has handpicked a selection of brilliant journalism pieces that will captivate your ears and shed light on the most intense and costly upheavals in recent financial history.
Join us as we delve into 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. Lewis himself lends his impeccable writing style to introduce each section, and we also have contributions from the brilliant Nobel Prize-winner Paul Krugman, James Surowiecki, and other noteworthy writers from Fortune, The New Yorker, and The New York Times.
Some of these gripping stories will transport you into the mood and market factors leading up to the tumultuous crashes, or give you a glimpse of what people believed was happening at the time. Others, with the benefit of hindsight, will analyze what actually transpired. Brace yourself for the sobering messages embedded in these narratives: the vital lessons that should have been heeded along the way were, unfortunately, mostly ignored. And when the going gets tough - when every investor rushes to the same side of the boat - the carefully constructed protections against risk often turn out to be mere illusions.
Michael Lewis, the ingenious mind behind acclaimed works like Liar's Poker, The New New Thing, and Moneyball, proves once again why he is unmatched in his comprehension of market forces and understanding of human foibles. And to top it off, Lewis injects his trademark humor into the mix, making this audiobook a true masterpiece. With an audiobook rating of 2.6/5 and a length of 7 hours and 0 minutes, get ready for an enlightening and entertaining journey through the highs and lows of financial history.