7/8/2023 0 Comments The big short lewis![]() ![]() ![]() The confusion that pervades Wall Street is part of what allows for hidden risks and shady trades to exist, and leads to the general crisis of 2007-2008. Even some people very high up on Wall Street, like the CEO of Morgan Stanley, have trouble understanding the inner workings of their business. Lewis explains that one of the big problems with Wall Street is this obscurity and lack of transparency-meaning it is difficulty to understanding what is going on without being a banker yourself. ![]() This is in part a way to combat the obscurity and obfuscation he encounters on Wall Street he emphasizes that many terms and concepts on Wall Street are very difficult to understand, and are often made more difficult by people's choice of unwieldy language and confusing terms. Throughout the text, Michael Lewis is careful to provide very clear explanations of financial concepts for his readers. ![]()
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