Panic by Michael Lewis
The Story of Modern Financial Insanity

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Synopsis

A masterful account of today's money culture, showing how the underpricing of risk leads to catastrophe.

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.

 

About Michael Lewis

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Michael Lewis was born in New Orleans, Louisiana on October 15, 1960. He received a BA in art history from Princeton University in 1982 and a Masters in Economics from the London School of Economics in 1985. He is a non-fiction author/journalist of mostly financial themes. His books include Liar's Poker, Moneyball: The Art of Winning an Unfair Game, The Blind Side: Evolution of a Game, The Money Culture, and Boomerang.
 
Published November 2, 2009 by W. W. Norton & Company. 400 pages
Genres: Business & Economics, Education & Reference, History. Non-fiction

Unrated Critic Reviews for Panic

The New York Times

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“Panic” is packaged to look like Michael Lewis’s own 21-year chronicle of financial hysteria, beginning with the crash of October 1987.

Dec 14 2008 | Read Full Review of Panic: The Story of Modern Fi...

The New York Times

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I suspect the authors of the Time article from July 1987 on how individual investors were riding the bull market, and of the January 1996 New York Times article extolling emerging market mutual funds, now regard these works the way my brothers and I regard bell-bottom pants — signs of youthful in...

Dec 25 2008 | Read Full Review of Panic: The Story of Modern Fi...

The Guardian

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Panic : The Story of Modern Financial Insanity Find this on the Guardian bookshop Search the Guardian bookshop The Age of Financial Unreason began with the 1987 st...

Jan 24 2009 | Read Full Review of Panic: The Story of Modern Fi...

Publishers Weekly

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Lewis (Liar’s Poker ) takes readers on a spin through notable recent financial catastrophes including the stock market’s 1987 crash, the Russian default and related failure of hedge fund Long-Term Capital Management, the Asian currency crisis, the Internet bust and the recent subprime debacle.

Nov 17 2008 | Read Full Review of Panic: The Story of Modern Fi...

Suite 101

New book on using social media asks how does a brand become more of a person and become part of the conversation.

Mar 03 2009 | Read Full Review of Panic: The Story of Modern Fi...

Review (Barnes & Noble)

The Story of Modern Financial Insanity was conceived by novelist and McSweeney's editor Dave Eggers, who suggested to Lewis that he put together a collection of newspaper and magazine articles on the subject of modern market crashes, beginning with Black Monday, 1987.

Dec 09 2008 | Read Full Review of Panic: The Story of Modern Fi...

The Finance Professional's Post

The Finance Professionals' Post educates readers in the finance and banking sectors on the forces that shape their business.

Mar 23 2011 | Read Full Review of Panic: The Story of Modern Fi...

Reader Rating for Panic
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