Friday, September 10, 2010

The Big Short

I'm reading a great book right now called "The Big Short". It's about the subprime mortgage collapse of the last few years that is more or less responsible for the recession we are currently enjoying. I was a bit worried that I would not be able to understand all the terminology or keep up with the jargon but so far so good. Still probably couldn't follow medicare supplement plans but so far the book hasn't covered anything like that.

It's fascinating to learn that there were a scant few that figured out what was going on and found a way to bet against it and thus made a ton of money.

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