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Podcast: Read & Repeat
Episode: EP54 The Big Short by Michael Lewis
Description: In this episode, we continue our INVERT focus with an all-time classic, "The Big Short". We'll dive into the misaligned incentives that encouraged banks to pursue growth at all costs and led to the Great Financial Crisis. We'll explore the value investing strategies of Michael Burry, the first big short investor, who spotted the trouble ahead and bet on it through credit default swaps. We'll say "these shitty loans" A LOT. Most of all, we'll walk away with a deep understanding of the catalysts behind the GFC, and the recurring mistakes made across crises. I hope you enjoy this...