1 title per month from Audible’s entire catalog of best sellers, and new releases.
Access a growing selection of included Audible Originals, audiobooks and podcasts.
You will get an email reminder before your trial ends.
Your Premium Plus plan is $14.95 a month after 30 day trial. Cancel anytime.
The Big Short  By  cover art

The Big Short

By: Michael Lewis
Narrated by: Jesse Boggs,Michael Lewis
Try for $0.00

$14.95/month after 30 days. Cancel anytime.

Buy for $17.62

Buy for $17.62

Pay using card ending in
By confirming your purchase, you agree to Audible's Conditions of Use and Amazon's Privacy Notice. Taxes where applicable.

Publisher's Summary

The long-awaited follow-up to the global best-seller Liar's Poker, The Big Short tells a story of spectacular, epic folly.

It has taken the world's greatest financial meltdown to bring Michael Lewis back to the subject that made him famous. His international best seller Liar's Poker exposed the greed and carnage of the City and Wall Street in the 1980s; he wrote it as a cautionary tale, but people seem to have read it as a how-to guide. Now, he wants to settle accounts. In this visceral tour to the heart of the money-making machine, Michael Lewis traces the origins of the crisis and introduces us to a new cast of compulsively fascinating characters. We meet the people who saw it coming, the people who were asleep at the wheel, and others who were actively driving us all off the cliff. Where did it all start? How could we have all been so deluded for quite so long? Did it really have to be this way? And who the hell can we blame? Michael Lewis has the answers.

No one is better qualified to reveal the dark truths about how our world really works. No one else could make it such an enjoyable ride along the way.

This edition includes a prologue read by the author, plus an exclusive author interview.

©2010 Michael Lewis (P)2010 Penguin Books Ltd

Critic Reviews

"Lewis is the finest storyteller of our generation." (Malcolm Gladwell)
"The funniest book about Wall Street I have ever read" (Tom Wolfe)

What listeners say about The Big Short

Average Customer Ratings
Overall
  • 4.5 out of 5 stars
  • 5 Stars
    78
  • 4 Stars
    24
  • 3 Stars
    4
  • 2 Stars
    0
  • 1 Stars
    0
Performance
  • 4.5 out of 5 stars
  • 5 Stars
    71
  • 4 Stars
    23
  • 3 Stars
    3
  • 2 Stars
    1
  • 1 Stars
    0
Story
  • 4.5 out of 5 stars
  • 5 Stars
    76
  • 4 Stars
    17
  • 3 Stars
    4
  • 2 Stars
    0
  • 1 Stars
    0

Reviews - Please select the tabs below to change the source of reviews.

Sort by:
Filter by:
  • Overall
    5 out of 5 stars
  • Performance
    5 out of 5 stars
  • Story
    5 out of 5 stars

The best financial reporting ever!

This was my first Michael Lewis book and I am new to the world of finance. Michael has an innate ability to explain complex terms in a wonderful story format. I highly recommend this book to anyone remotely interested in knowing the financial crisis of 2007 and finance world in general

1 person found this helpful

  • Overall
    5 out of 5 stars
  • Performance
    5 out of 5 stars
  • Story
    5 out of 5 stars

Fascinating, Revealing, Wisdom...

It's not over yet... Get ready for the next volume. It started in the eighties... Escalated in the Nineties with a climax in the Naughtiest.

  • Overall
    5 out of 5 stars
  • Performance
    4 out of 5 stars
  • Story
    5 out of 5 stars

Riveting

Like a blockbuster disaster movie for people who enjoy Planet Money. Fascinating characters and an epic scope.

  • Overall
    5 out of 5 stars
  • Performance
    5 out of 5 stars
  • Story
    5 out of 5 stars

This books proves fact is better than fiction

You dont have to understand or love money to love this rollicking true life drama. i didnt want it to end and when it did i immediately bought Liars Poker. Michael Lewis is as smart as the guys that bet short.

  • Overall
    4 out of 5 stars
  • Performance
    4 out of 5 stars
  • Story
    5 out of 5 stars

Flabbergasted

Narration is good. Story is interesting and shocking. Provides an insight into financial crisis which is a little sickening. You will not be a fan of wall street after this.

  • Overall
    4 out of 5 stars
  • Performance
    5 out of 5 stars
  • Story
    4 out of 5 stars

Fascinating and boring

This story is incredible. I watched the film and thoroughly enjoyed the story, and so I wanted to get into more of the detail. However, it's a seriously detailed read and not so easy to follow the technical aspects. But enjoyable none the less -- especially having the characters from the film in my imagination.

  • Overall
    4 out of 5 stars
  • Performance
    2 out of 5 stars
  • Story
    4 out of 5 stars

Awesome book, bugs in the app

This is a great book. however, the app did not show the chapters correctly. I found the app a bit annoying.

  • Overall
    5 out of 5 stars
  • Performance
    5 out of 5 stars
  • Story
    5 out of 5 stars

Enjoyable story of disaster

A fascinating true story of the subprime crisis and Wall Street malfeasance. Leaves you with a distaste for what the US government did in bailing out the banks. They should have been allowed to fail with the cash and guarantees going to the savers instead of the speculators.

Sort by:
Filter by:
  • Overall
    5 out of 5 stars
  • Performance
    5 out of 5 stars
  • Story
    5 out of 5 stars
Profile Image for Wras
  • Wras
  • 02-10-15

A thriller that is still evolving into a nigthmare

What happens when you add complexity to an equation, then add more complexity and more and more and more, not knowing what the answer will be?
What happens when your long term is three month but your construct is measured in years?
What happens when men plan only for a myopic self serving individualistic benefit, not thinking for a moment about the larger society?
What happens when you stop thinking of other human beings as real but just streams of future income, expendable, usable, inconsequential?
What happens when you have so much money; you no longer understand the reality of others, when thirty million dollars is not enough to enter a game. when a hundred million only lets you pick at the table; when a billion is just a start?
What happens when the regulators all want to be the regulated because that is where the real money is?
What happens when you and your children pay for the insanity this questions propose?
I have picked behind the curtain, and what I saw was madness, mountains of madness.
The failures of our economies are the failures of our morality and the rot is so deep in our humanity, we need to have a radical removal of it virulence; or it will metastasise in all our values, and institutions.
Must read a thriller that is still evolving into a nightmare.

13 people found this helpful

  • Overall
    4 out of 5 stars
Profile Image for Joe
  • Joe
  • 10-16-11

Complex but enjoyable

If you can get your head around complex wall street 'financial speak' such as synthetic CDO's and credit default swaps then this book is a revelation. Or at least it was for me; I thought the banks had been irresponsible now I know they are downright corrupt. The great irony is that they made these complex financial models to hide the risk but the models became so complex that they didn't understand them themselves.

10 people found this helpful

  • Overall
    5 out of 5 stars
Profile Image for Chris Downing
  • Chris Downing
  • 04-22-10

What went wrong, in a way you'll understand.

The politicians blamed the bankers, the bankers blamed the poor, the business people blamed everyone and we didn't know who to blame. At last a book that tells what happened and where it all went wrong, without the writer needing to play a political or buisness position.

Be warned though, after listening to this you'll find it mighty hard to accept the bilge that passes for business, political and accepted truths about what is the World's biggest financial disaster. Do yourself a favour and wise up to what's been going on. Start taking action to avoid getting sucked in to all this. This story won't be completely played out for another ten years - so it's going to influence you, your wealth and income and your well being. Read the book and get ready.

9 people found this helpful

  • Overall
    5 out of 5 stars
Profile Image for Olivier
  • Olivier
  • 01-23-13

Sub-Primes for Dummies

Anyone who wants to understand the roots of the sub-prime crisis, which has plunged the world in recession for the past 5 years, should definitely get this book. Michael Lewis explains in easily comprehensible terms the concepts and reasons behind the splitting of mortgage loans into various floors and how this dissociation of the loans from the assets led to ever more abstract constructions which finally sent the world into chaos in the summer of 2008. A must read if you want to know why, and how, we got into the mess we are in nowadays.

8 people found this helpful

  • Overall
    5 out of 5 stars
Profile Image for Judy Corstjens
  • Judy Corstjens
  • 06-23-11

Terrific

A dramatic story that leaves a normal person feeling very angry. The bad guys waltz off with millions and the good guys aren't exactly heroes either. Some details are a little hard to grasp for a layperson, but then again 99% of Wall Street insiders didn't quite understand the Ponzi scheme they were rolled up in either. An amazing tale of our times, well-told by an able story-teller.

8 people found this helpful

  • Overall
    4 out of 5 stars
Profile Image for christina
  • christina
  • 08-17-11

Just enough technical detail and a good story

I've worked a lot in financial regulation so I understood a lot about the events described already, but I still learned a few things from this. All the technical details are well explained and I think people without a financial background could understand a lot of it as well.

As for the story, it's well done. If I have a criticism, it's that it's a bit too black and white - Lewis's world is populated by two types of people - one group who are smart, hardworking and honest, and another who are stupid, shady and just out to make a quick buck. But I guess he exaggerated the characters a bit to make the story more engaging. And engaging it is. Would recommend to anyone interested in understanding what caused the crisis but not wanting to get bogged down in technical analyses

7 people found this helpful

  • Overall
    5 out of 5 stars
  • Performance
    5 out of 5 stars
  • Story
    5 out of 5 stars
Profile Image for Ray  Vernon
  • Ray Vernon
  • 04-20-16

All I can say is Wow! What a read!

What made the experience of listening to The Big Short the most enjoyable?

The complication of finance put into simple terms so a layman like me can read and understand. Getting to understand the calamity of errors, greed and irresponsibility in the financial and investment world that has had such a negative impact on everyone, was cathartic and hair raising at the same time.

Who was your favorite character and why?

All of them, the good, the bad and the terribly ugly.

Which scene did you most enjoy?

All of it from beginning to end.

Was this a book you wanted to listen to all in one sitting?

No, you have to take it in a chapter at a time and digest the monumental screw up of the banking and investment world.

Any additional comments?

I have learned to never trust banking and bankers again. My respect for them has gone out the window and the worrying thing is we are doom to repeat it again.

4 people found this helpful

  • Overall
    5 out of 5 stars
  • Performance
    5 out of 5 stars
  • Story
    5 out of 5 stars
Profile Image for M. Griffiths
  • M. Griffiths
  • 02-19-17

Staggering

Great and awful story told in an engaging way through the eyes of a variety of players. I defy anybody to listen to this without having a visceral reaction.

3 people found this helpful

  • Overall
    3 out of 5 stars
  • Performance
    5 out of 5 stars
  • Story
    3 out of 5 stars
Profile Image for Private
  • Private
  • 04-19-16

Requires concentration

Good story overall, but highly complex, full of jargon and hard to follow in places.

3 people found this helpful

  • Overall
    5 out of 5 stars
  • Performance
    5 out of 5 stars
  • Story
    5 out of 5 stars
Profile Image for A. Smithson
  • A. Smithson
  • 12-14-16

essential history lesson

you know all the jargon and remember the headlines, but this tells the story of financial collapse from the points of view of people who worked out what was happening before September 2008. a great story, very easy to listen to. densely packed with information, so be prepared to concentrate on this listen!

2 people found this helpful

Sort by:
Filter by:
  • Overall
    5 out of 5 stars
  • Performance
    5 out of 5 stars
  • Story
    5 out of 5 stars
Profile Image for Anonymous User
  • Anonymous User
  • 09-13-21

Fantastic

Michael Lewis somehow untangles the complex and perverse alchemy of the investment banking world which caused the 2008 financial crisis in a way that is captivating, intelligible, and enlightening to the reader.

1 person found this helpful

  • Overall
    5 out of 5 stars
  • Performance
    5 out of 5 stars
  • Story
    5 out of 5 stars
Profile Image for Trevor
  • Trevor
  • 05-17-15

Awesome

don't think I have read/heard a bad book written by Michael Lewis, he makes history and facts fascinating reading/listening

1 person found this helpful

  • Overall
    5 out of 5 stars
  • Performance
    5 out of 5 stars
  • Story
    5 out of 5 stars
Profile Image for ben inglis
  • ben inglis
  • 11-23-22

It's a deep dive, but worth it...

Take the time to research as you go. I enjoyed the film and spent some time trying to understand the complexity that led to the sub prime bond crisis. This entertaining book ties it all together well.

  • Overall
    5 out of 5 stars
Profile Image for Anonymous User
  • Anonymous User
  • 02-25-21

great book, need Michael to narrate his books

excellent book. it would be great if Michael Lewis narrated his books. he is great in the podcast Rules

  • Overall
    5 out of 5 stars
  • Performance
    5 out of 5 stars
  • Story
    5 out of 5 stars
Profile Image for Thomas K.K. Morison
  • Thomas K.K. Morison
  • 10-11-20

if you watched the movie, this book is different

this book follows a somewhat similar theme to movie however explores each concept deeply. recommended.

  • Overall
    5 out of 5 stars
  • Performance
    5 out of 5 stars
  • Story
    5 out of 5 stars
Profile Image for Lars Skovbjerg Klint
  • Lars Skovbjerg Klint
  • 03-07-20

A great read

A great read for anyone as the global financial crisis of 2008 affected us all. The book has plenty of detail and kept me wanting to listen longer even with knowing the outcome. Looking forward to listening again in a while to maybe understand the bits i missed, I am also most interested in reading more of Michael's books.

  • Overall
    5 out of 5 stars
  • Performance
    5 out of 5 stars
  • Story
    5 out of 5 stars
Profile Image for W*BvK
  • W*BvK
  • 08-23-19

Well Worth Listening to

If you are a student of business, wealth and success. This is a must listen to. I have studied this period intently as well as the 1930s, 1970s etc and I see the patterns. This book explains a lot and should be understood if you want to survive the next cycle.

I regret I can see a new downtrend and a repeat of this situation happening again. This time USA Auto loans subprime.
The USA and world mortgage stress (over 28%) which can and in my opinion lead to a recession and if we are not careful a Depression.

This book explains how this can come about and I am seeing it again.
Read learn, then read and learn about defensive and quality investing.
I have shorted USA bonds and bought heavily in Gold.
Funny Water is an extremely good investment in both the USA and Australia now.

Read the warnings read this book.

  • Overall
    5 out of 5 stars
  • Performance
    5 out of 5 stars
  • Story
    5 out of 5 stars
Profile Image for Anonymous User
  • Anonymous User
  • 08-21-19

Should be compolsary reading in Schools.

A moment in history as big as any. For all living at the time, young or old this had a profound effect on your life. You just may not realise it.

  • Overall
    5 out of 5 stars
  • Performance
    5 out of 5 stars
  • Story
    5 out of 5 stars
Profile Image for Robert Barwick
  • Robert Barwick
  • 09-17-18

Better than the movie

The movie was brilliant, as it helped everyday people make sense of the complex shenanigans that caused the crisis. The book is even better, an indispensable resource for anyone trying to understand the potpourri of derivatives at the centre of the mess.

  • Overall
    5 out of 5 stars
  • Performance
    5 out of 5 stars
  • Story
    5 out of 5 stars
Profile Image for Enrico Massi
  • Enrico Massi
  • 08-05-18

Read it, watched it, now listened to it.

Good stortu, well read, fast listen. Liked the updates at the end. Definitely a re-listen at some stage.