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Raw Queries and Responses

1. Shard Calculation

Query:

Response:

Calculated Shard: 152 (from laksa176)

2. Crawled Status Check

Query:

curl -X POST \
  'http://laksa152.int.ahrefs:8124/' \
  -H 'Content-Type: text/plain' \
  -H 'X-ClickHouse-Database: crawler3' \
  -H 'Authorization: Basic YXBpOg==' \
  -d 'SELECT getAhrefsURLFromUnparsed(src_unparsed) AS found_url, ifNull(toUnixTimestamp(download_stamp), 0) AS crawl_time, ifNull(toUnixTimestamp(props_url_first_seen), 0) AS first_indexed_time, download_http_code AS http_code, src_unparsed AS src_unparsed, src_root_hash AS src_root_hash, history_drop_reason AS history_drop_reason, meta_title AS meta_title, meta_descriptions AS meta_descriptions, attrs_boilerpipe_text AS attrs_boilerpipe_text, attrs_markdown AS attrs_markdown, attrs_readable_markdown AS attrs_readable_markdown, meta_canonical AS meta_canonical FROM crawler3.page_info_local FINAL PREWHERE (src_root_hash, src_unparsed) IN ((getAhrefsRootHashFromUnparsed(getAhrefsUnparsedNoserviceFromURL(\'https://en.wikipedia.org/wiki/The_Big_Short\')), getAhrefsUnparsedNoserviceFromURL(\'https://en.wikipedia.org/wiki/The_Big_Short\'))) FORMAT JSONEachRow'

Response:

{"found_url":"https:\/\/en.wikipedia.org\/wiki\/The_Big_Short","crawl_time":1775123652,"first_indexed_time":1426365706,"http_code":200,"src_unparsed":"org,wikipedia!en,\/wiki\/The_Big_Short s443","src_root_hash":"17790707453426894952","history_drop_reason":null,"meta_title":"The Big Short - Wikipedia","meta_descriptions":[],"attrs_boilerpipe_text":"From Wikipedia, the free encyclopedia\nThe Big Short: Inside the Doomsday Machine\nHardcover edition\nAuthor\nMichael Lewis\nLanguage\nEnglish\nGenre\nFinancial thriller\nPublisher\nW. W. Norton & Company\nPublication date\nMarch 15, 2010\nPublication place\nUnited States\nMedia type\nPrint (hardcover)\nPages\n320 pp.\nISBN\n0-393-07223-1\nOCLC\n567188407\nLC Class\nHC106.83 L5 2010\nPreceded by\nHome Game \nFollowed by\nBoomerang\n \nThe Big Short: Inside the Doomsday Machine\nis a nonfiction book by\nMichael Lewis\nabout the build-up of the\nUnited States housing bubble\nduring the 2000s. It was released on March 15, 2010, by\nW. W. Norton & Company\n. It spent 28 weeks on\nThe New York Times\nbest-seller list\n, and was the basis for the 2015\nfilm of the same name\n.\nThe Big Short\ndescribes several of the main players in the creation of the\ncredit default swap\nmarket who sought to bet against the\ncollateralized debt obligation\n(CDO)\nbubble\nand thus ended up profiting from the\n2008 financial crisis\n. It also highlights the eccentric natures of people who bet against the market or otherwise \"go against the grain.\"\nThe book follows people who believed the housing bubble was going to burst—including\nMeredith Whitney\n, who predicted the demise of\nCitigroup\nand\nBear Stearns\n;\nSteve Eisman\n, an outspoken\nhedge fund\nmanager;\nGreg Lippmann\n, a\nDeutsche Bank\ntrader;\nEugene Xu\n, a\nquantitative analyst\nwho created the first CDO market by matching buyers and sellers; the founders of\nCornwall Capital\n, who started a hedge fund in their garage with $110,000 and built it into $120 million when the market crashed; and\nMichael Burry\n, an ex-\nneurologist\nwho created\nScion Capital\n.\n[\n1\n]\nIt also highlights some of the people involved in the biggest losses in the market crash: Wing Chau,\nMerrill\n's $300 million mezzanine CDO manager;\nHowie Hubler\n, known as the person who lost $9 billion in one trade, the\nfifth-largest single loss in history\n;\n[\n2\n]\nand\nJoseph Cassano\n's\nAIG Financial Products\n, which suffered more than $99 billion in losses.\n[\n3\n]\nThe Big Short\nwas shortlisted for the 2010\nFinancial Times\nand Goldman Sachs Business Book of the Year Award\n. It spent 28 weeks on\nThe New York Times\n'\nnon-fiction bestseller list.\n[\n4\n]\nIt also received the 2011\nRobert F. Kennedy Center for Justice and Human Rights Book Award\n.\n[\n5\n]\nParamount\nacquired the rights to\nThe Big Short: Inside the Doomsday Machine\nin 2013. On March 24, 2014, it was announced that\nAdam McKay\nwould direct the adaptation.\n[\n6\n]\nOn January 13, 2015,\nVariety\nreported that\nBrad Pitt\n,\nChristian Bale\nand\nRyan Gosling\nwere set to star in the film, and that Pitt would produce it with McKay and\nDede Gardner\n.\nSteve Carell\nthen joined.\n[\n7\n]\nPlan B Entertainment\nfinanced the film with Paramount handling the distribution rights.\nProduction started March 23, 2015\n[\n8\n]\nin New Orleans, LA.\n[\n9\n]\nThe film was released on December 11, 2015, and was met with critical acclaim, winning the\nAcademy Award for Best Adapted Screenplay\n, and receiving a nomination for the\nAcademy Award for Best Picture\n.\nCDO-Squared\nCollateralized debt obligation\nCredit default swap\nMortgage-backed security\nThe Greatest Trade Ever\n, a 2009 book by\nGregory Zuckerman\nThe Smartest Guys in the Room\n, a 2003 book by Bethany McLean and Peter Elkind\nLiar's Poker\nby\nMichael Lewis\nDiscussion Materials\nby\nBill Keenan\nWhen Genius Failed\nby Roger Lowenstein\nToo Big to Fail\nby Andrew Ross Sorkin\n^\nLewis, Michael (April 2010).\n\"Betting on the Blind Side\"\n.\nVanity Fair\n. Archived from\nthe original\non April 19, 2010\n. Retrieved\nSeptember 28,\n2025\n.\n^\nAbelson, Max (March 23, 2010).\n\"Howie Hubler of New Jersey: The Return of a Subprime Villain\"\n.\nThe New York Observer\n. Archived from\nthe original\non August 18, 2010\n. Retrieved\nSeptember 28,\n2025\n.\n^\n\"U.S. offers more funds to help fraught AIG: $30 billion more in loans; $61.7 billion lost in the fourth quarter\"\n,\nNBC News\n, March 2, 2009.\n^\n\"The New York Times Bestseller List\"\n(PDF)\n.\nThe New York Times\n. October 10, 2010\n. Retrieved\nJanuary 19,\n2016\n.\n^\n\"RFK Center Book Awards\"\n. Archived from\nthe original\non August 22, 2015\n. Retrieved\nJanuary 12,\n2016\n.\n^\nDave McNary (March 24, 2014).\n\"\n'Anchorman's' Adam McKay Boards Financial Drama\"\n.\nVariety\n. Retrieved\nJanuary 14,\n2015\n.\n^\nBorys Kit (January 14, 2015).\n\"Steve Carell in Talks to Join Christian Bale, Ryan Gosling in 'The Big Short'\n\"\n.\nThe Hollywood Reporter\n. Retrieved\nJanuary 14,\n2015\n.\n^\nJustin Kroll (January 13, 2015).\n\"Brad Pitt, Christian Bale and Ryan Gosling to Star in Financial Drama 'The Big Short' (EXCLUSIVE)\"\n.\nVariety\n. Retrieved\nJanuary 14,\n2015\n.\n^\n\"Brad Pitt Film \"The Big Short\" Casting Call in LA\"\n.\nAuditions Free\n. March 5, 2015\n. Retrieved\nMarch 6,\n2015\n.\nThe Big Short\n, at\nW. W. Norton\n(official book site)\n'Shorting our Future'\n, a review of\nThe Big Short\nin\nThe Oxonian Review","attrs_markdown":"[Jump to content](https:\/\/en.wikipedia.org\/wiki\/The_Big_Short#bodyContent)\n\nMain menu\n\nMain menu\n\nmove to sidebar\n\nhide\n\nNavigation\n\n- [Main page](https:\/\/en.wikipedia.org\/wiki\/Main_Page \"Visit the main page [z]\")\n- [Contents](https:\/\/en.wikipedia.org\/wiki\/Wikipedia:Contents \"Guides to browsing Wikipedia\")\n- [Current events](https:\/\/en.wikipedia.org\/wiki\/Portal:Current_events \"Articles related to current events\")\n- [Random article](https:\/\/en.wikipedia.org\/wiki\/Special:Random \"Visit a randomly selected article [x]\")\n- [About Wikipedia](https:\/\/en.wikipedia.org\/wiki\/Wikipedia:About \"Learn about Wikipedia and how it works\")\n- [Contact us](https:\/\/en.wikipedia.org\/wiki\/Wikipedia:Contact_us \"How to contact Wikipedia\")\n\nContribute\n\n- [Help](https:\/\/en.wikipedia.org\/wiki\/Help:Contents \"Guidance on how to use and edit Wikipedia\")\n- [Learn to edit](https:\/\/en.wikipedia.org\/wiki\/Help:Introduction \"Learn how to edit Wikipedia\")\n- [Community portal](https:\/\/en.wikipedia.org\/wiki\/Wikipedia:Community_portal \"The hub for editors\")\n- [Recent changes](https:\/\/en.wikipedia.org\/wiki\/Special:RecentChanges \"A list of recent changes to Wikipedia [r]\")\n- [Upload file](https:\/\/en.wikipedia.org\/wiki\/Wikipedia:File_upload_wizard \"Add images or other media for use on Wikipedia\")\n- [Special pages](https:\/\/en.wikipedia.org\/wiki\/Special:SpecialPages \"A list of all special pages [q]\")\n\n[![](https:\/\/en.wikipedia.org\/static\/images\/icons\/enwiki-25.svg) ![Wikipedia](https:\/\/en.wikipedia.org\/static\/images\/mobile\/copyright\/wikipedia-wordmark-en-25.svg) ![The Free Encyclopedia](https:\/\/en.wikipedia.org\/static\/images\/mobile\/copyright\/wikipedia-tagline-en-25.svg)](https:\/\/en.wikipedia.org\/wiki\/Main_Page)\n\n[Search](https:\/\/en.wikipedia.org\/wiki\/Special:Search \"Search Wikipedia [f]\")\n\nAppearance\n\n- [Donate](https:\/\/donate.wikimedia.org\/?wmf_source=donate&wmf_medium=sidebar&wmf_campaign=en.wikipedia.org&uselang=en)\n- [Create account](https:\/\/en.wikipedia.org\/w\/index.php?title=Special:CreateAccount&returnto=The+Big+Short \"You are encouraged to create an account and log in; however, it is not mandatory\")\n- [Log in](https:\/\/en.wikipedia.org\/w\/index.php?title=Special:UserLogin&returnto=The+Big+Short \"You're encouraged to log in; however, it's not mandatory. [o]\")\n\nPersonal tools\n\n- [Donate](https:\/\/donate.wikimedia.org\/?wmf_source=donate&wmf_medium=sidebar&wmf_campaign=en.wikipedia.org&uselang=en)\n- [Create account](https:\/\/en.wikipedia.org\/w\/index.php?title=Special:CreateAccount&returnto=The+Big+Short \"You are encouraged to create an account and log in; however, it is not mandatory\")\n- [Log in](https:\/\/en.wikipedia.org\/w\/index.php?title=Special:UserLogin&returnto=The+Big+Short \"You're encouraged to log in; however, it's not mandatory. [o]\")\n\n## Contents\nmove to sidebar\n\nhide\n\n- [(Top)](https:\/\/en.wikipedia.org\/wiki\/The_Big_Short)\n- [1 Summary](https:\/\/en.wikipedia.org\/wiki\/The_Big_Short#Summary)\n- [2 Reception](https:\/\/en.wikipedia.org\/wiki\/The_Big_Short#Reception)\n- [3 Film](https:\/\/en.wikipedia.org\/wiki\/The_Big_Short#Film)\n- [4 See also](https:\/\/en.wikipedia.org\/wiki\/The_Big_Short#See_also)\n- [5 References](https:\/\/en.wikipedia.org\/wiki\/The_Big_Short#References)\n- [6 External links](https:\/\/en.wikipedia.org\/wiki\/The_Big_Short#External_links)\n\nToggle the table of contents\n\n# *The Big Short*\n13 languages\n\n- [Français](https:\/\/fr.wikipedia.org\/wiki\/The_Big_Short_\$livre\$ \"The Big Short (livre) – French\")\n- [עברית](https:\/\/he.wikipedia.org\/wiki\/%D7%9E%D7%9B%D7%95%D7%A0%D7%AA_%D7%94%D7%9B%D7%A1%D7%A3_\$%D7%A1%D7%A4%D7%A8\$ \"מכונת הכסף (ספר) – Hebrew\")\n- [Bahasa Indonesia](https:\/\/id.wikipedia.org\/wiki\/The_Big_Short \"The Big Short – Indonesian\")\n- [Italiano](https:\/\/it.wikipedia.org\/wiki\/Il_grande_scoperto \"Il grande scoperto – Italian\")\n- [日本語](https:\/\/ja.wikipedia.org\/wiki\/%E4%B8%96%E7%B4%80%E3%81%AE%E7%A9%BA%E5%A3%B2%E3%82%8A_%E4%B8%96%E7%95%8C%E7%B5%8C%E6%B8%88%E3%81%AE%E7%A0%B4%E7%B6%BB%E3%81%AB%E8%B3%AD%E3%81%91%E3%81%9F%E7%94%B7%E3%81%9F%E3%81%A1 \"世紀の空売り 世界経済の破綻に賭けた男たち – Japanese\")\n- [한국어](https:\/\/ko.wikipedia.org\/wiki\/%EB%B9%85_%EC%88%8F \"빅 숏 – Korean\")\n- [Norsk bokmål](https:\/\/no.wikipedia.org\/wiki\/The_Big_Short \"The Big Short – Norwegian Bokmål\")\n- [Polski](https:\/\/pl.wikipedia.org\/wiki\/Wielki_szort._Mechanizm_maszyny_zag%C5%82ady \"Wielki szort. Mechanizm maszyny zagłady – Polish\")\n- [Português](https:\/\/pt.wikipedia.org\/wiki\/The_Big_Short_\$livro\$ \"The Big Short (livro) – Portuguese\")\n- [Русский](https:\/\/ru.wikipedia.org\/wiki\/%D0%91%D0%BE%D0%BB%D1%8C%D1%88%D0%B0%D1%8F_%D0%B8%D0%B3%D1%80%D0%B0_%D0%BD%D0%B0_%D0%BF%D0%BE%D0%BD%D0%B8%D0%B6%D0%B5%D0%BD%D0%B8%D0%B5._%D0%A2%D0%B0%D0%B9%D0%BD%D1%8B%D0%B5_%D0%BF%D1%80%D1%83%D0%B6%D0%B8%D0%BD%D1%8B_%D1%84%D0%B8%D0%BD%D0%B0%D0%BD%D1%81%D0%BE%D0%B2%D0%BE%D0%B9_%D0%BA%D0%B0%D1%82%D0%B0%D1%81%D1%82%D1%80%D0%BE%D1%84%D1%8B \"Большая игра на понижение. Тайные пружины финансовой катастрофы – Russian\")\n- [Српски \/ srpski](https:\/\/sr.wikipedia.org\/wiki\/%D0%9E%D0%BF%D0%BA%D0%BB%D0%B0%D0%B4%D0%B0_%D0%B2%D0%B5%D0%BA%D0%B0 \"Опклада века – Serbian\")\n- [Українська](https:\/\/uk.wikipedia.org\/wiki\/%D0%93%D1%80%D0%B0_%D0%BD%D0%B0_%D0%BF%D0%BE%D0%BD%D0%B8%D0%B6%D0%B5%D0%BD%D0%BD%D1%8F \"Гра на пониження – Ukrainian\")\n- [中文](https:\/\/zh.wikipedia.org\/wiki\/%E5%A4%A7%E8%B3%A3%E7%A9%BA \"大賣空 – Chinese\")\n\n[Edit links](https:\/\/www.wikidata.org\/wiki\/Special:EntityPage\/Q4091844#sitelinks-wikipedia \"Edit interlanguage links\")\n\n- [Article](https:\/\/en.wikipedia.org\/wiki\/The_Big_Short \"View the content page [c]\")\n- [Talk](https:\/\/en.wikipedia.org\/wiki\/Talk:The_Big_Short \"Discuss improvements to the content page [t]\")\n\nEnglish\n\n- [Read](https:\/\/en.wikipedia.org\/wiki\/The_Big_Short)\n- [Edit](https:\/\/en.wikipedia.org\/w\/index.php?title=The_Big_Short&action=edit \"Edit this page [e]\")\n- [View history](https:\/\/en.wikipedia.org\/w\/index.php?title=The_Big_Short&action=history \"Past revisions of this page [h]\")\n\nTools\n\nTools\n\nmove to sidebar\n\nhide\n\nActions\n\n- [Read](https:\/\/en.wikipedia.org\/wiki\/The_Big_Short)\n- [Edit](https:\/\/en.wikipedia.org\/w\/index.php?title=The_Big_Short&action=edit \"Edit this page [e]\")\n- [View history](https:\/\/en.wikipedia.org\/w\/index.php?title=The_Big_Short&action=history)\n\nGeneral\n\n- [What links here](https:\/\/en.wikipedia.org\/wiki\/Special:WhatLinksHere\/The_Big_Short \"List of all English Wikipedia pages containing links to this page [j]\")\n- [Related changes](https:\/\/en.wikipedia.org\/wiki\/Special:RecentChangesLinked\/The_Big_Short \"Recent changes in pages linked from this page [k]\")\n- [Upload file](https:\/\/en.wikipedia.org\/wiki\/Wikipedia:File_Upload_Wizard \"Upload files [u]\")\n- [Permanent link](https:\/\/en.wikipedia.org\/w\/index.php?title=The_Big_Short&oldid=1335440032 \"Permanent link to this revision of this page\")\n- [Page information](https:\/\/en.wikipedia.org\/w\/index.php?title=The_Big_Short&action=info \"More information about this page\")\n- [Cite this page](https:\/\/en.wikipedia.org\/w\/index.php?title=Special:CiteThisPage&page=The_Big_Short&id=1335440032&wpFormIdentifier=titleform \"Information on how to cite this page\")\n- [Get shortened URL](https:\/\/en.wikipedia.org\/w\/index.php?title=Special:UrlShortener&url=https%3A%2F%2Fen.wikipedia.org%2Fwiki%2FThe_Big_Short)\n\nPrint\/export\n\n- [Download as PDF](https:\/\/en.wikipedia.org\/w\/index.php?title=Special:DownloadAsPdf&page=The_Big_Short&action=show-download-screen \"Download this page as a PDF file\")\n- [Printable version](https:\/\/en.wikipedia.org\/w\/index.php?title=The_Big_Short&printable=yes \"Printable version of this page [p]\")\n\nIn other projects\n\n- [Wikidata item](https:\/\/www.wikidata.org\/wiki\/Special:EntityPage\/Q4091844 \"Structured data on this page hosted by Wikidata [g]\")\n\nAppearance\n\nmove to sidebar\n\nhide\n\nFrom Wikipedia, the free encyclopedia\n\n2010 book by Michael Lewis\n\nFor the film based on the book, see [The Big Short (film)](https:\/\/en.wikipedia.org\/wiki\/The_Big_Short_\$film\$ \"The Big Short (film)\").\n\n|   |   |\n|---|---|\n| [![](https:\/\/upload.wikimedia.org\/wikipedia\/en\/thumb\/2\/2f\/Big-short-inside-the-doomsday-machine.jpg\/250px-Big-short-inside-the-doomsday-machine.jpg)](https:\/\/en.wikipedia.org\/wiki\/File:Big-short-inside-the-doomsday-machine.jpg)Hardcover edition |   |\n| Author | [Michael Lewis](https:\/\/en.wikipedia.org\/wiki\/Michael_Lewis \"Michael Lewis\") |\n| Language | English |\n| Genre | [Financial thriller](https:\/\/en.wikipedia.org\/wiki\/Financial_thriller \"Financial thriller\") |\n| Publisher | [W. W. Norton & Company](https:\/\/en.wikipedia.org\/wiki\/W._W._Norton_%26_Company \"W. W. Norton & Company\") |\n| Publication date | March 15, 2010 |\n| Publication place | United States |\n| Media type | Print (hardcover) |\n| Pages | 320 pp. |\n| [ISBN](https:\/\/en.wikipedia.org\/wiki\/ISBN_\$identifier\$ \"ISBN (identifier)\") | [0-393-07223-1](https:\/\/en.wikipedia.org\/wiki\/Special:BookSources\/0-393-07223-1 \"Special:BookSources\/0-393-07223-1\") |\n| [OCLC](https:\/\/en.wikipedia.org\/wiki\/OCLC_\$identifier\$ \"OCLC (identifier)\") | [567188407](https:\/\/www.worldcat.org\/oclc\/567188407) |\n| [LC Class](https:\/\/en.wikipedia.org\/wiki\/LCC_\$identifier\$ \"LCC (identifier)\") | HC106.83 L5 2010 |\n| Preceded by | *Home Game* |\n| Followed by | *[Boomerang](https:\/\/en.wikipedia.org\/wiki\/Boomerang:_Travels_in_the_New_Third_World \"Boomerang: Travels in the New Third World\")* |\n\n***The Big Short: Inside the Doomsday Machine*** is a nonfiction book by [Michael Lewis](https:\/\/en.wikipedia.org\/wiki\/Michael_Lewis \"Michael Lewis\") about the build-up of the [United States housing bubble](https:\/\/en.wikipedia.org\/wiki\/United_States_housing_bubble \"United States housing bubble\") during the 2000s. It was released on March 15, 2010, by [W. W. Norton & Company](https:\/\/en.wikipedia.org\/wiki\/W._W._Norton_%26_Company \"W. W. Norton & Company\"). It spent 28 weeks on *[The New York Times](https:\/\/en.wikipedia.org\/wiki\/The_New_York_Times \"The New York Times\")* [best-seller list](https:\/\/en.wikipedia.org\/wiki\/The_New_York_Times_Best_Seller_list \"The New York Times Best Seller list\"), and was the basis for the 2015 [film of the same name](https:\/\/en.wikipedia.org\/wiki\/The_Big_Short_\$film\$ \"The Big Short (film)\").\n\n## Summary\n\\[[edit](https:\/\/en.wikipedia.org\/w\/index.php?title=The_Big_Short&action=edit&section=1 \"Edit section: Summary\")\\]\n\n*The Big Short* describes several of the main players in the creation of the [credit default swap](https:\/\/en.wikipedia.org\/wiki\/Credit_default_swap \"Credit default swap\") market who sought to bet against the [collateralized debt obligation](https:\/\/en.wikipedia.org\/wiki\/Collateralized_debt_obligation \"Collateralized debt obligation\") (CDO) [bubble](https:\/\/en.wikipedia.org\/wiki\/Economic_bubble \"Economic bubble\") and thus ended up profiting from the [2008 financial crisis](https:\/\/en.wikipedia.org\/wiki\/2008_financial_crisis \"2008 financial crisis\"). It also highlights the eccentric natures of people who bet against the market or otherwise \"go against the grain.\"\n\nThe book follows people who believed the housing bubble was going to burst—including [Meredith Whitney](https:\/\/en.wikipedia.org\/wiki\/Meredith_Whitney \"Meredith Whitney\"), who predicted the demise of [Citigroup](https:\/\/en.wikipedia.org\/wiki\/Citigroup \"Citigroup\") and [Bear Stearns](https:\/\/en.wikipedia.org\/wiki\/Bear_Stearns \"Bear Stearns\"); [Steve Eisman](https:\/\/en.wikipedia.org\/wiki\/Steve_Eisman \"Steve Eisman\"), an outspoken [hedge fund](https:\/\/en.wikipedia.org\/wiki\/Hedge_fund \"Hedge fund\") manager; [Greg Lippmann](https:\/\/en.wikipedia.org\/wiki\/Greg_Lippmann \"Greg Lippmann\"), a [Deutsche Bank](https:\/\/en.wikipedia.org\/wiki\/Deutsche_Bank \"Deutsche Bank\") trader; [Eugene Xu](https:\/\/en.wikipedia.org\/wiki\/Eugene_Xu \"Eugene Xu\"), a [quantitative analyst](https:\/\/en.wikipedia.org\/wiki\/Quantitative_analyst \"Quantitative analyst\") who created the first CDO market by matching buyers and sellers; the founders of [Cornwall Capital](https:\/\/en.wikipedia.org\/wiki\/Cornwall_Capital \"Cornwall Capital\"), who started a hedge fund in their garage with \\$110,000 and built it into \\$120 million when the market crashed; and [Michael Burry](https:\/\/en.wikipedia.org\/wiki\/Michael_Burry \"Michael Burry\"), an ex-[neurologist](https:\/\/en.wikipedia.org\/wiki\/Neurologist \"Neurologist\") who created [Scion Capital](https:\/\/en.wikipedia.org\/wiki\/Scion_Capital \"Scion Capital\").[\\[1\\]](https:\/\/en.wikipedia.org\/wiki\/The_Big_Short#cite_note-1)\n\nIt also highlights some of the people involved in the biggest losses in the market crash: Wing Chau, [Merrill](https:\/\/en.wikipedia.org\/wiki\/Merrill_Lynch \"Merrill Lynch\")'s \\$300 million mezzanine CDO manager; [Howie Hubler](https:\/\/en.wikipedia.org\/wiki\/Howie_Hubler \"Howie Hubler\"), known as the person who lost \\$9 billion in one trade, the [fifth-largest single loss in history](https:\/\/en.wikipedia.org\/wiki\/List_of_trading_losses \"List of trading losses\");[\\[2\\]](https:\/\/en.wikipedia.org\/wiki\/The_Big_Short#cite_note-2) and [Joseph Cassano](https:\/\/en.wikipedia.org\/wiki\/Joseph_Cassano \"Joseph Cassano\")'s [AIG Financial Products](https:\/\/en.wikipedia.org\/wiki\/AIG_Financial_Products \"AIG Financial Products\"), which suffered more than \\$99 billion in losses.[\\[3\\]](https:\/\/en.wikipedia.org\/wiki\/The_Big_Short#cite_note-3)\n\n## Reception\n\\[[edit](https:\/\/en.wikipedia.org\/w\/index.php?title=The_Big_Short&action=edit&section=2 \"Edit section: Reception\")\\]\n\n*The Big Short* was shortlisted for the 2010 [*Financial Times* and Goldman Sachs Business Book of the Year Award](https:\/\/en.wikipedia.org\/wiki\/Financial_Times_and_McKinsey_Business_Book_of_the_Year_Award \"Financial Times and McKinsey Business Book of the Year Award\"). It spent 28 weeks on *[The New York Times](https:\/\/en.wikipedia.org\/wiki\/The_New_York_Times \"The New York Times\")*' non-fiction bestseller list.[\\[4\\]](https:\/\/en.wikipedia.org\/wiki\/The_Big_Short#cite_note-4) It also received the 2011 [Robert F. Kennedy Center for Justice and Human Rights Book Award](https:\/\/en.wikipedia.org\/wiki\/Robert_F._Kennedy_Center_for_Justice_and_Human_Rights_Book_Award \"Robert F. Kennedy Center for Justice and Human Rights Book Award\").[\\[5\\]](https:\/\/en.wikipedia.org\/wiki\/The_Big_Short#cite_note-5)\n\n## Film\n\\[[edit](https:\/\/en.wikipedia.org\/w\/index.php?title=The_Big_Short&action=edit&section=3 \"Edit section: Film\")\\]\n\nMain article: [The Big Short (film)](https:\/\/en.wikipedia.org\/wiki\/The_Big_Short_\$film\$ \"The Big Short (film)\")\n\n[Paramount](https:\/\/en.wikipedia.org\/wiki\/Paramount_Pictures \"Paramount Pictures\") acquired the rights to *The Big Short: Inside the Doomsday Machine* in 2013. On March 24, 2014, it was announced that [Adam McKay](https:\/\/en.wikipedia.org\/wiki\/Adam_McKay \"Adam McKay\") would direct the adaptation.[\\[6\\]](https:\/\/en.wikipedia.org\/wiki\/The_Big_Short#cite_note-6) On January 13, 2015, *[Variety](https:\/\/en.wikipedia.org\/wiki\/Variety_\$magazine\$ \"Variety (magazine)\")* reported that [Brad Pitt](https:\/\/en.wikipedia.org\/wiki\/Brad_Pitt \"Brad Pitt\"), [Christian Bale](https:\/\/en.wikipedia.org\/wiki\/Christian_Bale \"Christian Bale\") and [Ryan Gosling](https:\/\/en.wikipedia.org\/wiki\/Ryan_Gosling \"Ryan Gosling\") were set to star in the film, and that Pitt would produce it with McKay and [Dede Gardner](https:\/\/en.wikipedia.org\/wiki\/Dede_Gardner \"Dede Gardner\"). [Steve Carell](https:\/\/en.wikipedia.org\/wiki\/Steve_Carell \"Steve Carell\") then joined.[\\[7\\]](https:\/\/en.wikipedia.org\/wiki\/The_Big_Short#cite_note-7) [Plan B Entertainment](https:\/\/en.wikipedia.org\/wiki\/Plan_B_Entertainment \"Plan B Entertainment\") financed the film with Paramount handling the distribution rights.\n\nProduction started March 23, 2015[\\[8\\]](https:\/\/en.wikipedia.org\/wiki\/The_Big_Short#cite_note-8) in New Orleans, LA.[\\[9\\]](https:\/\/en.wikipedia.org\/wiki\/The_Big_Short#cite_note-9) The film was released on December 11, 2015, and was met with critical acclaim, winning the [Academy Award for Best Adapted Screenplay](https:\/\/en.wikipedia.org\/wiki\/Academy_Award_for_Best_Adapted_Screenplay \"Academy Award for Best Adapted Screenplay\"), and receiving a nomination for the [Academy Award for Best Picture](https:\/\/en.wikipedia.org\/wiki\/Academy_Award_for_Best_Picture \"Academy Award for Best Picture\").\n\n## See also\n\\[[edit](https:\/\/en.wikipedia.org\/w\/index.php?title=The_Big_Short&action=edit&section=4 \"Edit section: See also\")\\]\n\n- [CDO-Squared](https:\/\/en.wikipedia.org\/wiki\/CDO-Squared \"CDO-Squared\")\n- [Collateralized debt obligation](https:\/\/en.wikipedia.org\/wiki\/Collateralized_debt_obligation \"Collateralized debt obligation\")\n- [Credit default swap](https:\/\/en.wikipedia.org\/wiki\/Credit_default_swap \"Credit default swap\")\n- [Mortgage-backed security](https:\/\/en.wikipedia.org\/wiki\/Mortgage-backed_security \"Mortgage-backed security\")\n- *[The Greatest Trade Ever](https:\/\/en.wikipedia.org\/wiki\/The_Greatest_Trade_Ever \"The Greatest Trade Ever\")*, a 2009 book by [Gregory Zuckerman](https:\/\/en.wikipedia.org\/wiki\/Gregory_Zuckerman \"Gregory Zuckerman\")\n- *[The Smartest Guys in the Room](https:\/\/en.wikipedia.org\/wiki\/The_Smartest_Guys_in_the_Room_\$book\$ \"The Smartest Guys in the Room (book)\")*, a 2003 book by Bethany McLean and Peter Elkind\n- [Liar's Poker](https:\/\/en.wikipedia.org\/wiki\/Liar%27s_Poker \"Liar's Poker\") by [Michael Lewis](https:\/\/en.wikipedia.org\/wiki\/Michael_Lewis \"Michael Lewis\")\n- [Discussion Materials](https:\/\/en.wikipedia.org\/wiki\/Discussion_Materials \"Discussion Materials\") by [Bill Keenan](https:\/\/en.wikipedia.org\/wiki\/Bill_Keenan \"Bill Keenan\")\n- [When Genius Failed](https:\/\/en.wikipedia.org\/wiki\/When_Genius_Failed \"When Genius Failed\") by Roger Lowenstein\n- [Too Big to Fail](https:\/\/en.wikipedia.org\/wiki\/Too_big_to_fail \"Too big to fail\") by Andrew Ross Sorkin\n\n## References\n\\[[edit](https:\/\/en.wikipedia.org\/w\/index.php?title=The_Big_Short&action=edit&section=5 \"Edit section: References\")\\]\n\n1. **[^](https:\/\/en.wikipedia.org\/wiki\/The_Big_Short#cite_ref-1)**\n   Lewis, Michael (April 2010). [\"Betting on the Blind Side\"](https:\/\/web.archive.org\/web\/20100419210041\/http:\/\/www.vanityfair.com\/business\/features\/2010\/04\/wall-street-excerpt-201004). *[Vanity Fair](https:\/\/en.wikipedia.org\/wiki\/Vanity_Fair_\$magazine\$ \"Vanity Fair (magazine)\")*. Archived from [the original](http:\/\/www.vanityfair.com\/business\/features\/2010\/04\/wall-street-excerpt-201004) on April 19, 2010. Retrieved September 28, 2025.\n2. **[^](https:\/\/en.wikipedia.org\/wiki\/The_Big_Short#cite_ref-2)**\n   Abelson, Max (March 23, 2010). [\"Howie Hubler of New Jersey: The Return of a Subprime Villain\"](https:\/\/web.archive.org\/web\/20100818215100\/http:\/\/www.observer.com\/2010\/wall-street\/howie-hubler-new-jersey-return-subprime-villain). *[The New York Observer](https:\/\/en.wikipedia.org\/wiki\/The_New_York_Observer \"The New York Observer\")*. Archived from [the original](https:\/\/www.observer.com\/2010\/wall-street\/howie-hubler-new-jersey-return-subprime-villain) on August 18, 2010. Retrieved September 28, 2025.\n3. **[^](https:\/\/en.wikipedia.org\/wiki\/The_Big_Short#cite_ref-3)** [\"U.S. offers more funds to help fraught AIG: \\$30 billion more in loans; \\$61.7 billion lost in the fourth quarter\"](https:\/\/www.nbcnews.com\/id\/wbna29455792), [NBC News](https:\/\/en.wikipedia.org\/wiki\/NBC_News \"NBC News\"), March 2, 2009.\n4. **[^](https:\/\/en.wikipedia.org\/wiki\/The_Big_Short#cite_ref-4)**\n   [\"The New York Times Bestseller List\"](http:\/\/www.hawes.com\/2010\/2010-10-10.pdf) (PDF). *The New York Times*. October 10, 2010. Retrieved January 19, 2016.\n5. **[^](https:\/\/en.wikipedia.org\/wiki\/The_Big_Short#cite_ref-5)**\n   [\"RFK Center Book Awards\"](https:\/\/web.archive.org\/web\/20150822071739\/http:\/\/rfkcenter.org\/who-we-are\/awards\/rfk-book-awards\/). Archived from [the original](http:\/\/rfkcenter.org\/who-we-are\/awards\/rfk-book-awards\/) on August 22, 2015. Retrieved January 12, 2016.\n6. **[^](https:\/\/en.wikipedia.org\/wiki\/The_Big_Short#cite_ref-6)**\n   Dave McNary (March 24, 2014). [\"'Anchorman's' Adam McKay Boards Financial Drama\"](https:\/\/variety.com\/2014\/film\/news\/adam-mckay-big-short-brad-pitt-1201144582\/). *[Variety](https:\/\/en.wikipedia.org\/wiki\/Variety_\$magazine\$ \"Variety (magazine)\")*. Retrieved January 14, 2015.\n7. **[^](https:\/\/en.wikipedia.org\/wiki\/The_Big_Short#cite_ref-7)**\n   Borys Kit (January 14, 2015). [\"Steve Carell in Talks to Join Christian Bale, Ryan Gosling in 'The Big Short'\"](http:\/\/www.hollywoodreporter.com\/news\/steve-carell-talks-join-christian-763755). *[The Hollywood Reporter](https:\/\/en.wikipedia.org\/wiki\/The_Hollywood_Reporter \"The Hollywood Reporter\")*. Retrieved January 14, 2015.\n8. **[^](https:\/\/en.wikipedia.org\/wiki\/The_Big_Short#cite_ref-8)**\n   Justin Kroll (January 13, 2015). [\"Brad Pitt, Christian Bale and Ryan Gosling to Star in Financial Drama 'The Big Short' (EXCLUSIVE)\"](https:\/\/variety.com\/2015\/film\/news\/brad-pitt-christian-bale-and-ryan-gosling-to-star-in-financial-drama-the-big-short-exclusive-1201404038\/). *[Variety](https:\/\/en.wikipedia.org\/wiki\/Variety_\$magazine\$ \"Variety (magazine)\")*. Retrieved January 14, 2015.\n9. **[^](https:\/\/en.wikipedia.org\/wiki\/The_Big_Short#cite_ref-9)**\n   [\"Brad Pitt Film \"The Big Short\" Casting Call in LA\"](http:\/\/www.auditionsfree.com\/2015\/bradd-pitt-film-big-short-casting-call-la\/). *Auditions Free*. March 5, 2015. Retrieved March 6, 2015.\n\n## External links\n\\[[edit](https:\/\/en.wikipedia.org\/w\/index.php?title=The_Big_Short&action=edit&section=6 \"Edit section: External links\")\\]\n\n![](https:\/\/upload.wikimedia.org\/wikipedia\/commons\/thumb\/f\/fa\/Wikiquote-logo.svg\/40px-Wikiquote-logo.svg.png)\n\nWikiquote has quotations related to ***[The Big Short](https:\/\/en.wikiquote.org\/wiki\/Michael_Lewis_\$author\$#The_Big_Short_\$2010\$ \"q:Michael Lewis (author)\")***.\n\n- [*The Big Short*](http:\/\/books.wwnorton.com\/books\/978-0-393-07223-5\/), at [W. W. Norton](https:\/\/en.wikipedia.org\/wiki\/W._W._Norton \"W. W. Norton\") (official book site)\n- ['Shorting our Future'](https:\/\/web.archive.org\/web\/20110106051948\/http:\/\/www.oxonianreview.org\/wp\/shorting-our-future\/), a review of *The Big Short* in *The Oxonian Review*\n\n| [v](https:\/\/en.wikipedia.org\/wiki\/Template:Michael_Lewis \"Template:Michael Lewis\") [t](https:\/\/en.wikipedia.org\/wiki\/Template_talk:Michael_Lewis \"Template talk:Michael Lewis\") [e](https:\/\/en.wikipedia.org\/wiki\/Special:EditPage\/Template:Michael_Lewis \"Special:EditPage\/Template:Michael Lewis\")Works by [Michael Lewis](https:\/\/en.wikipedia.org\/wiki\/Michael_Lewis \"Michael Lewis\") |   |\n|---|---|\n| Books | *[Liar's Poker](https:\/\/en.wikipedia.org\/wiki\/Liar%27s_Poker \"Liar's Poker\")* *[Trail Fever](https:\/\/en.wikipedia.org\/wiki\/Trail_Fever \"Trail Fever\")* (aka *Losers*) *[The New New Thing](https:\/\/en.wikipedia.org\/wiki\/The_New_New_Thing \"The New New Thing\")* *[Next](https:\/\/en.wikipedia.org\/wiki\/Next:_The_Future_Just_Happened \"Next: The Future Just Happened\")* *[Moneyball](https:\/\/en.wikipedia.org\/wiki\/Moneyball:_The_Art_of_Winning_an_Unfair_Game \"Moneyball: The Art of Winning an Unfair Game\")* *[The Blind Side](https:\/\/en.wikipedia.org\/wiki\/The_Blind_Side:_Evolution_of_a_Game \"The Blind Side: Evolution of a Game\")* *[Panic](https:\/\/en.wikipedia.org\/wiki\/Panic:_The_Story_of_Modern_Financial_Insanity \"Panic: The Story of Modern Financial Insanity\")* *[The Big Short]()* *[Boomerang](https:\/\/en.wikipedia.org\/wiki\/Boomerang:_Travels_in_the_New_Third_World \"Boomerang: Travels in the New Third World\")* *[Flash Boys](https:\/\/en.wikipedia.org\/wiki\/Flash_Boys \"Flash Boys\")* *[The Undoing Project](https:\/\/en.wikipedia.org\/wiki\/The_Undoing_Project \"The Undoing Project\")* *[The Fifth Risk](https:\/\/en.wikipedia.org\/wiki\/The_Fifth_Risk \"The Fifth Risk\")* *[The Premonition](https:\/\/en.wikipedia.org\/wiki\/The_Premonition_\$Lewis_book\$ \"The Premonition (Lewis book)\")* *[Going Infinite](https:\/\/en.wikipedia.org\/wiki\/Going_Infinite \"Going Infinite\")* |\n| Film adaptations | *[The Blind Side](https:\/\/en.wikipedia.org\/wiki\/The_Blind_Side_\$film\$ \"The Blind Side (film)\")* *[Moneyball](https:\/\/en.wikipedia.org\/wiki\/Moneyball_\$film\$ \"Moneyball (film)\")* *[The Big Short](https:\/\/en.wikipedia.org\/wiki\/The_Big_Short_\$film\$ \"The Big Short (film)\")* *[Radical Wolfe](https:\/\/en.wikipedia.org\/wiki\/Radical_Wolfe \"Radical Wolfe\")* |\n\n|   |   |\n|---|---|\n| [Authority control databases](https:\/\/en.wikipedia.org\/wiki\/Help:Authority_control \"Help:Authority control\") [![Edit this at Wikidata](https:\/\/upload.wikimedia.org\/wikipedia\/en\/thumb\/8\/8a\/OOjs_UI_icon_edit-ltr-progressive.svg\/20px-OOjs_UI_icon_edit-ltr-progressive.svg.png)](https:\/\/www.wikidata.org\/wiki\/Q4091844#identifiers \"Edit this at Wikidata\") | [Open Library](https:\/\/openlibrary.org\/works\/OL15118378W?mode=all) |\n\n![](https:\/\/en.wikipedia.org\/wiki\/Special:CentralAutoLogin\/start?useformat=desktop&type=1x1&usesul3=1)\n\nRetrieved from \"<https:\/\/en.wikipedia.org\/w\/index.php?title=The_Big_Short&oldid=1335440032>\"\n\n[Categories](https:\/\/en.wikipedia.org\/wiki\/Help:Category \"Help:Category\"):\n\n- [Non-fiction books about the subprime mortgage crisis](https:\/\/en.wikipedia.org\/wiki\/Category:Non-fiction_books_about_the_subprime_mortgage_crisis \"Category:Non-fiction books about the subprime mortgage crisis\")\n- [2010 non-fiction books](https:\/\/en.wikipedia.org\/wiki\/Category:2010_non-fiction_books \"Category:2010 non-fiction books\")\n- [2000s in economic history](https:\/\/en.wikipedia.org\/wiki\/Category:2000s_in_economic_history \"Category:2000s in economic history\")\n- [Books about companies](https:\/\/en.wikipedia.org\/wiki\/Category:Books_about_companies \"Category:Books about companies\")\n- [Books about stock traders](https:\/\/en.wikipedia.org\/wiki\/Category:Books_about_stock_traders \"Category:Books about stock traders\")\n- [Business books](https:\/\/en.wikipedia.org\/wiki\/Category:Business_books \"Category:Business books\")\n- [W. W. Norton & Company books](https:\/\/en.wikipedia.org\/wiki\/Category:W._W._Norton_%26_Company_books \"Category:W. W. Norton & Company books\")\n- [Books by Michael Lewis](https:\/\/en.wikipedia.org\/wiki\/Category:Books_by_Michael_Lewis \"Category:Books by Michael Lewis\")\n- [Non-fiction books adapted into films](https:\/\/en.wikipedia.org\/wiki\/Category:Non-fiction_books_adapted_into_films \"Category:Non-fiction books adapted into films\")\n- [Short selling](https:\/\/en.wikipedia.org\/wiki\/Category:Short_selling \"Category:Short selling\")\n\nHidden categories:\n\n- [Articles with short description](https:\/\/en.wikipedia.org\/wiki\/Category:Articles_with_short_description \"Category:Articles with short description\")\n- [Short description is different from Wikidata](https:\/\/en.wikipedia.org\/wiki\/Category:Short_description_is_different_from_Wikidata \"Category:Short description is different from Wikidata\")\n- [Use mdy dates from November 2016](https:\/\/en.wikipedia.org\/wiki\/Category:Use_mdy_dates_from_November_2016 \"Category:Use mdy dates from November 2016\")\n\n- This page was last edited on 29 January 2026, at 06:24 (UTC).\n- Text is available under the [Creative Commons Attribution-ShareAlike 4.0 License](https:\/\/en.wikipedia.org\/wiki\/Wikipedia:Text_of_the_Creative_Commons_Attribution-ShareAlike_4.0_International_License \"Wikipedia:Text of the Creative Commons Attribution-ShareAlike 4.0 International License\"); additional terms may apply. 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Wikipedia® is a registered trademark of the [Wikimedia Foundation, Inc.](https:\/\/wikimediafoundation.org\/), a non-profit organization.\n\n- [Privacy policy](https:\/\/foundation.wikimedia.org\/wiki\/Special:MyLanguage\/Policy:Privacy_policy)\n- [About Wikipedia](https:\/\/en.wikipedia.org\/wiki\/Wikipedia:About)\n- [Disclaimers](https:\/\/en.wikipedia.org\/wiki\/Wikipedia:General_disclaimer)\n- [Contact Wikipedia](https:\/\/en.wikipedia.org\/wiki\/Wikipedia:Contact_us)\n- [Legal & safety contacts](https:\/\/foundation.wikimedia.org\/wiki\/Special:MyLanguage\/Legal:Wikimedia_Foundation_Legal_and_Safety_Contact_Information)\n- [Code of Conduct](https:\/\/foundation.wikimedia.org\/wiki\/Special:MyLanguage\/Policy:Universal_Code_of_Conduct)\n- [Developers](https:\/\/developer.wikimedia.org\/)\n- [Statistics](https:\/\/stats.wikimedia.org\/#\/en.wikipedia.org)\n- [Cookie statement](https:\/\/foundation.wikimedia.org\/wiki\/Special:MyLanguage\/Policy:Cookie_statement)\n- [Mobile view](https:\/\/en.wikipedia.org\/w\/index.php?title=The_Big_Short&mobileaction=toggle_view_mobile)\n\n- [![Wikimedia Foundation](https:\/\/en.wikipedia.org\/static\/images\/footer\/wikimedia.svg)](https:\/\/www.wikimedia.org\/)\n- [![Powered by MediaWiki](https:\/\/en.wikipedia.org\/w\/resources\/assets\/mediawiki_compact.svg)](https:\/\/www.mediawiki.org\/)\n\nSearch\n\nToggle the table of contents\n\n*The Big Short*\n\n13 languages\n\n[Add topic](https:\/\/en.wikipedia.org\/wiki\/The_Big_Short)","attrs_readable_markdown":"From Wikipedia, the free encyclopedia\n\n|   |   |\n|---|---|\n| [![](https:\/\/upload.wikimedia.org\/wikipedia\/en\/thumb\/2\/2f\/Big-short-inside-the-doomsday-machine.jpg\/250px-Big-short-inside-the-doomsday-machine.jpg)](https:\/\/en.wikipedia.org\/wiki\/File:Big-short-inside-the-doomsday-machine.jpg)Hardcover edition |   |\n| Author | [Michael Lewis](https:\/\/en.wikipedia.org\/wiki\/Michael_Lewis \"Michael Lewis\") |\n| Language | English |\n| Genre | [Financial thriller](https:\/\/en.wikipedia.org\/wiki\/Financial_thriller \"Financial thriller\") |\n| Publisher | [W. W. Norton & Company](https:\/\/en.wikipedia.org\/wiki\/W._W._Norton_%26_Company \"W. W. Norton & Company\") |\n| Publication date | March 15, 2010 |\n| Publication place | United States |\n| Media type | Print (hardcover) |\n| Pages | 320 pp. |\n| [ISBN](https:\/\/en.wikipedia.org\/wiki\/ISBN_\$identifier\$ \"ISBN (identifier)\") | [0-393-07223-1](https:\/\/en.wikipedia.org\/wiki\/Special:BookSources\/0-393-07223-1 \"Special:BookSources\/0-393-07223-1\") |\n| [OCLC](https:\/\/en.wikipedia.org\/wiki\/OCLC_\$identifier\$ \"OCLC (identifier)\") | [567188407](https:\/\/www.worldcat.org\/oclc\/567188407) |\n| [LC Class](https:\/\/en.wikipedia.org\/wiki\/LCC_\$identifier\$ \"LCC (identifier)\") | HC106.83 L5 2010 |\n| Preceded by | *Home Game* |\n| Followed by | *[Boomerang](https:\/\/en.wikipedia.org\/wiki\/Boomerang:_Travels_in_the_New_Third_World \"Boomerang: Travels in the New Third World\")* |\n\n***The Big Short: Inside the Doomsday Machine*** is a nonfiction book by [Michael Lewis](https:\/\/en.wikipedia.org\/wiki\/Michael_Lewis \"Michael Lewis\") about the build-up of the [United States housing bubble](https:\/\/en.wikipedia.org\/wiki\/United_States_housing_bubble \"United States housing bubble\") during the 2000s. It was released on March 15, 2010, by [W. W. Norton & Company](https:\/\/en.wikipedia.org\/wiki\/W._W._Norton_%26_Company \"W. W. Norton & Company\"). It spent 28 weeks on *[The New York Times](https:\/\/en.wikipedia.org\/wiki\/The_New_York_Times \"The New York Times\")* [best-seller list](https:\/\/en.wikipedia.org\/wiki\/The_New_York_Times_Best_Seller_list \"The New York Times Best Seller list\"), and was the basis for the 2015 [film of the same name](https:\/\/en.wikipedia.org\/wiki\/The_Big_Short_\$film\$ \"The Big Short (film)\").\n\n*The Big Short* describes several of the main players in the creation of the [credit default swap](https:\/\/en.wikipedia.org\/wiki\/Credit_default_swap \"Credit default swap\") market who sought to bet against the [collateralized debt obligation](https:\/\/en.wikipedia.org\/wiki\/Collateralized_debt_obligation \"Collateralized debt obligation\") (CDO) [bubble](https:\/\/en.wikipedia.org\/wiki\/Economic_bubble \"Economic bubble\") and thus ended up profiting from the [2008 financial crisis](https:\/\/en.wikipedia.org\/wiki\/2008_financial_crisis \"2008 financial crisis\"). It also highlights the eccentric natures of people who bet against the market or otherwise \"go against the grain.\"\n\nThe book follows people who believed the housing bubble was going to burst—including [Meredith Whitney](https:\/\/en.wikipedia.org\/wiki\/Meredith_Whitney \"Meredith Whitney\"), who predicted the demise of [Citigroup](https:\/\/en.wikipedia.org\/wiki\/Citigroup \"Citigroup\") and [Bear Stearns](https:\/\/en.wikipedia.org\/wiki\/Bear_Stearns \"Bear Stearns\"); [Steve Eisman](https:\/\/en.wikipedia.org\/wiki\/Steve_Eisman \"Steve Eisman\"), an outspoken [hedge fund](https:\/\/en.wikipedia.org\/wiki\/Hedge_fund \"Hedge fund\") manager; [Greg Lippmann](https:\/\/en.wikipedia.org\/wiki\/Greg_Lippmann \"Greg Lippmann\"), a [Deutsche Bank](https:\/\/en.wikipedia.org\/wiki\/Deutsche_Bank \"Deutsche Bank\") trader; [Eugene Xu](https:\/\/en.wikipedia.org\/wiki\/Eugene_Xu \"Eugene Xu\"), a [quantitative analyst](https:\/\/en.wikipedia.org\/wiki\/Quantitative_analyst \"Quantitative analyst\") who created the first CDO market by matching buyers and sellers; the founders of [Cornwall Capital](https:\/\/en.wikipedia.org\/wiki\/Cornwall_Capital \"Cornwall Capital\"), who started a hedge fund in their garage with \\$110,000 and built it into \\$120 million when the market crashed; and [Michael Burry](https:\/\/en.wikipedia.org\/wiki\/Michael_Burry \"Michael Burry\"), an ex-[neurologist](https:\/\/en.wikipedia.org\/wiki\/Neurologist \"Neurologist\") who created [Scion Capital](https:\/\/en.wikipedia.org\/wiki\/Scion_Capital \"Scion Capital\").[\\[1\\]](https:\/\/en.wikipedia.org\/wiki\/The_Big_Short#cite_note-1)\n\nIt also highlights some of the people involved in the biggest losses in the market crash: Wing Chau, [Merrill](https:\/\/en.wikipedia.org\/wiki\/Merrill_Lynch \"Merrill Lynch\")'s \\$300 million mezzanine CDO manager; [Howie Hubler](https:\/\/en.wikipedia.org\/wiki\/Howie_Hubler \"Howie Hubler\"), known as the person who lost \\$9 billion in one trade, the [fifth-largest single loss in history](https:\/\/en.wikipedia.org\/wiki\/List_of_trading_losses \"List of trading losses\");[\\[2\\]](https:\/\/en.wikipedia.org\/wiki\/The_Big_Short#cite_note-2) and [Joseph Cassano](https:\/\/en.wikipedia.org\/wiki\/Joseph_Cassano \"Joseph Cassano\")'s [AIG Financial Products](https:\/\/en.wikipedia.org\/wiki\/AIG_Financial_Products \"AIG Financial Products\"), which suffered more than \\$99 billion in losses.[\\[3\\]](https:\/\/en.wikipedia.org\/wiki\/The_Big_Short#cite_note-3)\n\n*The Big Short* was shortlisted for the 2010 [*Financial Times* and Goldman Sachs Business Book of the Year Award](https:\/\/en.wikipedia.org\/wiki\/Financial_Times_and_McKinsey_Business_Book_of_the_Year_Award \"Financial Times and McKinsey Business Book of the Year Award\"). It spent 28 weeks on *[The New York Times](https:\/\/en.wikipedia.org\/wiki\/The_New_York_Times \"The New York Times\")*' non-fiction bestseller list.[\\[4\\]](https:\/\/en.wikipedia.org\/wiki\/The_Big_Short#cite_note-4) It also received the 2011 [Robert F. Kennedy Center for Justice and Human Rights Book Award](https:\/\/en.wikipedia.org\/wiki\/Robert_F._Kennedy_Center_for_Justice_and_Human_Rights_Book_Award \"Robert F. Kennedy Center for Justice and Human Rights Book Award\").[\\[5\\]](https:\/\/en.wikipedia.org\/wiki\/The_Big_Short#cite_note-5)\n\n[Paramount](https:\/\/en.wikipedia.org\/wiki\/Paramount_Pictures \"Paramount Pictures\") acquired the rights to *The Big Short: Inside the Doomsday Machine* in 2013. On March 24, 2014, it was announced that [Adam McKay](https:\/\/en.wikipedia.org\/wiki\/Adam_McKay \"Adam McKay\") would direct the adaptation.[\\[6\\]](https:\/\/en.wikipedia.org\/wiki\/The_Big_Short#cite_note-6) On January 13, 2015, *[Variety](https:\/\/en.wikipedia.org\/wiki\/Variety_\$magazine\$ \"Variety (magazine)\")* reported that [Brad Pitt](https:\/\/en.wikipedia.org\/wiki\/Brad_Pitt \"Brad Pitt\"), [Christian Bale](https:\/\/en.wikipedia.org\/wiki\/Christian_Bale \"Christian Bale\") and [Ryan Gosling](https:\/\/en.wikipedia.org\/wiki\/Ryan_Gosling \"Ryan Gosling\") were set to star in the film, and that Pitt would produce it with McKay and [Dede Gardner](https:\/\/en.wikipedia.org\/wiki\/Dede_Gardner \"Dede Gardner\"). [Steve Carell](https:\/\/en.wikipedia.org\/wiki\/Steve_Carell \"Steve Carell\") then joined.[\\[7\\]](https:\/\/en.wikipedia.org\/wiki\/The_Big_Short#cite_note-7) [Plan B Entertainment](https:\/\/en.wikipedia.org\/wiki\/Plan_B_Entertainment \"Plan B Entertainment\") financed the film with Paramount handling the distribution rights.\n\nProduction started March 23, 2015[\\[8\\]](https:\/\/en.wikipedia.org\/wiki\/The_Big_Short#cite_note-8) in New Orleans, LA.[\\[9\\]](https:\/\/en.wikipedia.org\/wiki\/The_Big_Short#cite_note-9) The film was released on December 11, 2015, and was met with critical acclaim, winning the [Academy Award for Best Adapted Screenplay](https:\/\/en.wikipedia.org\/wiki\/Academy_Award_for_Best_Adapted_Screenplay \"Academy Award for Best Adapted Screenplay\"), and receiving a nomination for the [Academy Award for Best Picture](https:\/\/en.wikipedia.org\/wiki\/Academy_Award_for_Best_Picture \"Academy Award for Best Picture\").\n\n- [CDO-Squared](https:\/\/en.wikipedia.org\/wiki\/CDO-Squared \"CDO-Squared\")\n- [Collateralized debt obligation](https:\/\/en.wikipedia.org\/wiki\/Collateralized_debt_obligation \"Collateralized debt obligation\")\n- [Credit default swap](https:\/\/en.wikipedia.org\/wiki\/Credit_default_swap \"Credit default swap\")\n- [Mortgage-backed security](https:\/\/en.wikipedia.org\/wiki\/Mortgage-backed_security \"Mortgage-backed security\")\n- *[The Greatest Trade Ever](https:\/\/en.wikipedia.org\/wiki\/The_Greatest_Trade_Ever \"The Greatest Trade Ever\")*, a 2009 book by [Gregory Zuckerman](https:\/\/en.wikipedia.org\/wiki\/Gregory_Zuckerman \"Gregory Zuckerman\")\n- *[The Smartest Guys in the Room](https:\/\/en.wikipedia.org\/wiki\/The_Smartest_Guys_in_the_Room_\$book\$ \"The Smartest Guys in the Room (book)\")*, a 2003 book by Bethany McLean and Peter Elkind\n- [Liar's Poker](https:\/\/en.wikipedia.org\/wiki\/Liar%27s_Poker \"Liar's Poker\") by [Michael Lewis](https:\/\/en.wikipedia.org\/wiki\/Michael_Lewis \"Michael Lewis\")\n- [Discussion Materials](https:\/\/en.wikipedia.org\/wiki\/Discussion_Materials \"Discussion Materials\") by [Bill Keenan](https:\/\/en.wikipedia.org\/wiki\/Bill_Keenan \"Bill Keenan\")\n- [When Genius Failed](https:\/\/en.wikipedia.org\/wiki\/When_Genius_Failed \"When Genius Failed\") by Roger Lowenstein\n- [Too Big to Fail](https:\/\/en.wikipedia.org\/wiki\/Too_big_to_fail \"Too big to fail\") by Andrew Ross Sorkin\n\n1. **[^](https:\/\/en.wikipedia.org\/wiki\/The_Big_Short#cite_ref-1)**\n   Lewis, Michael (April 2010). [\"Betting on the Blind Side\"](https:\/\/web.archive.org\/web\/20100419210041\/http:\/\/www.vanityfair.com\/business\/features\/2010\/04\/wall-street-excerpt-201004). *[Vanity Fair](https:\/\/en.wikipedia.org\/wiki\/Vanity_Fair_\$magazine\$ \"Vanity Fair (magazine)\")*. Archived from [the original](http:\/\/www.vanityfair.com\/business\/features\/2010\/04\/wall-street-excerpt-201004) on April 19, 2010. Retrieved September 28, 2025.\n2. **[^](https:\/\/en.wikipedia.org\/wiki\/The_Big_Short#cite_ref-2)**\n   Abelson, Max (March 23, 2010). [\"Howie Hubler of New Jersey: The Return of a Subprime Villain\"](https:\/\/web.archive.org\/web\/20100818215100\/http:\/\/www.observer.com\/2010\/wall-street\/howie-hubler-new-jersey-return-subprime-villain). *[The New York Observer](https:\/\/en.wikipedia.org\/wiki\/The_New_York_Observer \"The New York Observer\")*. Archived from [the original](https:\/\/www.observer.com\/2010\/wall-street\/howie-hubler-new-jersey-return-subprime-villain) on August 18, 2010. Retrieved September 28, 2025.\n3. **[^](https:\/\/en.wikipedia.org\/wiki\/The_Big_Short#cite_ref-3)** [\"U.S. offers more funds to help fraught AIG: \\$30 billion more in loans; \\$61.7 billion lost in the fourth quarter\"](https:\/\/www.nbcnews.com\/id\/wbna29455792), [NBC News](https:\/\/en.wikipedia.org\/wiki\/NBC_News \"NBC News\"), March 2, 2009.\n4. **[^](https:\/\/en.wikipedia.org\/wiki\/The_Big_Short#cite_ref-4)**\n   [\"The New York Times Bestseller List\"](http:\/\/www.hawes.com\/2010\/2010-10-10.pdf) (PDF). *The New York Times*. October 10, 2010. Retrieved January 19, 2016.\n5. **[^](https:\/\/en.wikipedia.org\/wiki\/The_Big_Short#cite_ref-5)**\n   [\"RFK Center Book Awards\"](https:\/\/web.archive.org\/web\/20150822071739\/http:\/\/rfkcenter.org\/who-we-are\/awards\/rfk-book-awards\/). Archived from [the original](http:\/\/rfkcenter.org\/who-we-are\/awards\/rfk-book-awards\/) on August 22, 2015. Retrieved January 12, 2016.\n6. **[^](https:\/\/en.wikipedia.org\/wiki\/The_Big_Short#cite_ref-6)**\n   Dave McNary (March 24, 2014). [\"'Anchorman's' Adam McKay Boards Financial Drama\"](https:\/\/variety.com\/2014\/film\/news\/adam-mckay-big-short-brad-pitt-1201144582\/). *[Variety](https:\/\/en.wikipedia.org\/wiki\/Variety_\$magazine\$ \"Variety (magazine)\")*. Retrieved January 14, 2015.\n7. **[^](https:\/\/en.wikipedia.org\/wiki\/The_Big_Short#cite_ref-7)**\n   Borys Kit (January 14, 2015). [\"Steve Carell in Talks to Join Christian Bale, Ryan Gosling in 'The Big Short'\"](http:\/\/www.hollywoodreporter.com\/news\/steve-carell-talks-join-christian-763755). *[The Hollywood Reporter](https:\/\/en.wikipedia.org\/wiki\/The_Hollywood_Reporter \"The Hollywood Reporter\")*. Retrieved January 14, 2015.\n8. **[^](https:\/\/en.wikipedia.org\/wiki\/The_Big_Short#cite_ref-8)**\n   Justin Kroll (January 13, 2015). [\"Brad Pitt, Christian Bale and Ryan Gosling to Star in Financial Drama 'The Big Short' (EXCLUSIVE)\"](https:\/\/variety.com\/2015\/film\/news\/brad-pitt-christian-bale-and-ryan-gosling-to-star-in-financial-drama-the-big-short-exclusive-1201404038\/). *[Variety](https:\/\/en.wikipedia.org\/wiki\/Variety_\$magazine\$ \"Variety (magazine)\")*. Retrieved January 14, 2015.\n9. **[^](https:\/\/en.wikipedia.org\/wiki\/The_Big_Short#cite_ref-9)**\n   [\"Brad Pitt Film \"The Big Short\" Casting Call in LA\"](http:\/\/www.auditionsfree.com\/2015\/bradd-pitt-film-big-short-casting-call-la\/). *Auditions Free*. March 5, 2015. Retrieved March 6, 2015.\n\n- [*The Big Short*](http:\/\/books.wwnorton.com\/books\/978-0-393-07223-5\/), at [W. W. Norton](https:\/\/en.wikipedia.org\/wiki\/W._W._Norton \"W. W. Norton\") (official book site)\n- ['Shorting our Future'](https:\/\/web.archive.org\/web\/20110106051948\/http:\/\/www.oxonianreview.org\/wp\/shorting-our-future\/), a review of *The Big Short* in *The Oxonian Review*","meta_canonical":null}

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Boilerpipe Text	From Wikipedia, the free encyclopedia The Big Short: Inside the Doomsday Machine Hardcover edition Author Michael Lewis Language English Genre Financial thriller Publisher W. W. Norton & Company Publication date March 15, 2010 Publication place United States Media type Print (hardcover) Pages 320 pp. ISBN 0-393-07223-1 OCLC 567188407 LC Class HC106.83 L5 2010 Preceded by Home Game Followed by Boomerang The Big Short: Inside the Doomsday Machine is a nonfiction book by Michael Lewis about the build-up of the United States housing bubble during the 2000s. It was released on March 15, 2010, by W. W. Norton & Company . It spent 28 weeks on The New York Times best-seller list , and was the basis for the 2015 film of the same name . The Big Short describes several of the main players in the creation of the credit default swap market who sought to bet against the collateralized debt obligation (CDO) bubble and thus ended up profiting from the 2008 financial crisis . It also highlights the eccentric natures of people who bet against the market or otherwise "go against the grain." The book follows people who believed the housing bubble was going to burst—including Meredith Whitney , who predicted the demise of Citigroup and Bear Stearns ; Steve Eisman , an outspoken hedge fund manager; Greg Lippmann , a Deutsche Bank trader; Eugene Xu , a quantitative analyst who created the first CDO market by matching buyers and sellers; the founders of Cornwall Capital , who started a hedge fund in their garage with $110,000 and built it into $120 million when the market crashed; and Michael Burry , an ex- neurologist who created Scion Capital . [ 1 ] It also highlights some of the people involved in the biggest losses in the market crash: Wing Chau, Merrill 's $300 million mezzanine CDO manager; Howie Hubler , known as the person who lost $9 billion in one trade, the fifth-largest single loss in history ; [ 2 ] and Joseph Cassano 's AIG Financial Products , which suffered more than $99 billion in losses. [ 3 ] The Big Short was shortlisted for the 2010 Financial Times and Goldman Sachs Business Book of the Year Award . It spent 28 weeks on The New York Times ' non-fiction bestseller list. [ 4 ] It also received the 2011 Robert F. Kennedy Center for Justice and Human Rights Book Award . [ 5 ] Paramount acquired the rights to The Big Short: Inside the Doomsday Machine in 2013. On March 24, 2014, it was announced that Adam McKay would direct the adaptation. [ 6 ] On January 13, 2015, Variety reported that Brad Pitt , Christian Bale and Ryan Gosling were set to star in the film, and that Pitt would produce it with McKay and Dede Gardner . Steve Carell then joined. [ 7 ] Plan B Entertainment financed the film with Paramount handling the distribution rights. Production started March 23, 2015 [ 8 ] in New Orleans, LA. [ 9 ] The film was released on December 11, 2015, and was met with critical acclaim, winning the Academy Award for Best Adapted Screenplay , and receiving a nomination for the Academy Award for Best Picture . CDO-Squared Collateralized debt obligation Credit default swap Mortgage-backed security The Greatest Trade Ever , a 2009 book by Gregory Zuckerman The Smartest Guys in the Room , a 2003 book by Bethany McLean and Peter Elkind Liar's Poker by Michael Lewis Discussion Materials by Bill Keenan When Genius Failed by Roger Lowenstein Too Big to Fail by Andrew Ross Sorkin ^ Lewis, Michael (April 2010). "Betting on the Blind Side" . Vanity Fair . Archived from the original on April 19, 2010 . Retrieved September 28, 2025 . ^ Abelson, Max (March 23, 2010). "Howie Hubler of New Jersey: The Return of a Subprime Villain" . The New York Observer . Archived from the original on August 18, 2010 . Retrieved September 28, 2025 . ^ "U.S. offers more funds to help fraught AIG: $30 billion more in loans; $61.7 billion lost in the fourth quarter" , NBC News , March 2, 2009. ^ "The New York Times Bestseller List" (PDF) . The New York Times . October 10, 2010 . Retrieved January 19, 2016 . ^ "RFK Center Book Awards" . Archived from the original on August 22, 2015 . Retrieved January 12, 2016 . ^ Dave McNary (March 24, 2014). " 'Anchorman's' Adam McKay Boards Financial Drama" . Variety . Retrieved January 14, 2015 . ^ Borys Kit (January 14, 2015). "Steve Carell in Talks to Join Christian Bale, Ryan Gosling in 'The Big Short' " . The Hollywood Reporter . Retrieved January 14, 2015 . ^ Justin Kroll (January 13, 2015). "Brad Pitt, Christian Bale and Ryan Gosling to Star in Financial Drama 'The Big Short' (EXCLUSIVE)" . Variety . Retrieved January 14, 2015 . ^ "Brad Pitt Film "The Big Short" Casting Call in LA" . Auditions Free . March 5, 2015 . Retrieved March 6, 2015 . The Big Short , at W. W. Norton (official book site) 'Shorting our Future' , a review of The Big Short in The Oxonian Review
Markdown	[Jump to content](https://en.wikipedia.org/wiki/The_Big_Short#bodyContent) Main menu Main menu move to sidebar hide Navigation - [Main page](https://en.wikipedia.org/wiki/Main_Page "Visit the main page [z]") - [Contents](https://en.wikipedia.org/wiki/Wikipedia:Contents "Guides to browsing Wikipedia") - [Current events](https://en.wikipedia.org/wiki/Portal:Current_events "Articles related to current events") - [Random article](https://en.wikipedia.org/wiki/Special:Random "Visit a randomly selected article [x]") - [About Wikipedia](https://en.wikipedia.org/wiki/Wikipedia:About "Learn about Wikipedia and how it works") - [Contact us](https://en.wikipedia.org/wiki/Wikipedia:Contact_us "How to contact Wikipedia") Contribute - [Help](https://en.wikipedia.org/wiki/Help:Contents "Guidance on how to use and edit Wikipedia") - [Learn to edit](https://en.wikipedia.org/wiki/Help:Introduction "Learn how to edit Wikipedia") - [Community portal](https://en.wikipedia.org/wiki/Wikipedia:Community_portal "The hub for editors") - [Recent changes](https://en.wikipedia.org/wiki/Special:RecentChanges "A list of recent changes to Wikipedia [r]") - [Upload file](https://en.wikipedia.org/wiki/Wikipedia:File_upload_wizard "Add images or other media for use on Wikipedia") - [Special pages](https://en.wikipedia.org/wiki/Special:SpecialPages "A list of all special pages [q]") [![](https://en.wikipedia.org/static/images/icons/enwiki-25.svg) ![Wikipedia](https://en.wikipedia.org/static/images/mobile/copyright/wikipedia-wordmark-en-25.svg) ![The Free Encyclopedia](https://en.wikipedia.org/static/images/mobile/copyright/wikipedia-tagline-en-25.svg)](https://en.wikipedia.org/wiki/Main_Page) [Search](https://en.wikipedia.org/wiki/Special:Search "Search Wikipedia [f]") Appearance - [Donate](https://donate.wikimedia.org/?wmf_source=donate&wmf_medium=sidebar&wmf_campaign=en.wikipedia.org&uselang=en) - [Create account](https://en.wikipedia.org/w/index.php?title=Special:CreateAccount&returnto=The+Big+Short "You are encouraged to create an account and log in; however, it is not mandatory") - [Log in](https://en.wikipedia.org/w/index.php?title=Special:UserLogin&returnto=The+Big+Short "You're encouraged to log in; however, it's not mandatory. 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[o]") ## Contents move to sidebar hide - [(Top)](https://en.wikipedia.org/wiki/The_Big_Short) - [1 Summary](https://en.wikipedia.org/wiki/The_Big_Short#Summary) - [2 Reception](https://en.wikipedia.org/wiki/The_Big_Short#Reception) - [3 Film](https://en.wikipedia.org/wiki/The_Big_Short#Film) - [4 See also](https://en.wikipedia.org/wiki/The_Big_Short#See_also) - [5 References](https://en.wikipedia.org/wiki/The_Big_Short#References) - [6 External links](https://en.wikipedia.org/wiki/The_Big_Short#External_links) Toggle the table of contents # The Big Short 13 languages - [Français](https://fr.wikipedia.org/wiki/The_Big_Short_$livre$ "The Big Short (livre) – French") - [עברית](https://he.wikipedia.org/wiki/%D7%9E%D7%9B%D7%95%D7%A0%D7%AA_%D7%94%D7%9B%D7%A1%D7%A3_$%D7%A1%D7%A4%D7%A8$ "מכונת הכסף (ספר) – Hebrew") - [Bahasa Indonesia](https://id.wikipedia.org/wiki/The_Big_Short "The Big Short – Indonesian") - [Italiano](https://it.wikipedia.org/wiki/Il_grande_scoperto "Il grande scoperto – Italian") - [日本語](https://ja.wikipedia.org/wiki/%E4%B8%96%E7%B4%80%E3%81%AE%E7%A9%BA%E5%A3%B2%E3%82%8A_%E4%B8%96%E7%95%8C%E7%B5%8C%E6%B8%88%E3%81%AE%E7%A0%B4%E7%B6%BB%E3%81%AB%E8%B3%AD%E3%81%91%E3%81%9F%E7%94%B7%E3%81%9F%E3%81%A1 "世紀の空売り世界経済の破綻に賭けた男たち – Japanese") - [한국어](https://ko.wikipedia.org/wiki/%EB%B9%85_%EC%88%8F "빅 숏 – Korean") - [Norsk bokmål](https://no.wikipedia.org/wiki/The_Big_Short "The Big Short – Norwegian Bokmål") - [Polski](https://pl.wikipedia.org/wiki/Wielki_szort._Mechanizm_maszyny_zag%C5%82ady "Wielki szort. 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Тайные пружины финансовой катастрофы – Russian") - [Српски / srpski](https://sr.wikipedia.org/wiki/%D0%9E%D0%BF%D0%BA%D0%BB%D0%B0%D0%B4%D0%B0_%D0%B2%D0%B5%D0%BA%D0%B0 "Опклада века – Serbian") - [Українська](https://uk.wikipedia.org/wiki/%D0%93%D1%80%D0%B0_%D0%BD%D0%B0_%D0%BF%D0%BE%D0%BD%D0%B8%D0%B6%D0%B5%D0%BD%D0%BD%D1%8F "Гра на пониження – Ukrainian") - [中文](https://zh.wikipedia.org/wiki/%E5%A4%A7%E8%B3%A3%E7%A9%BA "大賣空 – Chinese") [Edit links](https://www.wikidata.org/wiki/Special:EntityPage/Q4091844#sitelinks-wikipedia "Edit interlanguage links") - [Article](https://en.wikipedia.org/wiki/The_Big_Short "View the content page [c]") - [Talk](https://en.wikipedia.org/wiki/Talk:The_Big_Short "Discuss improvements to the content page [t]") English - [Read](https://en.wikipedia.org/wiki/The_Big_Short) - [Edit](https://en.wikipedia.org/w/index.php?title=The_Big_Short&action=edit "Edit this page [e]") - [View history](https://en.wikipedia.org/w/index.php?title=The_Big_Short&action=history "Past revisions of this page [h]") Tools Tools move to sidebar hide Actions - [Read](https://en.wikipedia.org/wiki/The_Big_Short) - [Edit](https://en.wikipedia.org/w/index.php?title=The_Big_Short&action=edit "Edit this page [e]") - [View history](https://en.wikipedia.org/w/index.php?title=The_Big_Short&action=history) General - [What links here](https://en.wikipedia.org/wiki/Special:WhatLinksHere/The_Big_Short "List of all English Wikipedia pages containing links to this page [j]") - [Related changes](https://en.wikipedia.org/wiki/Special:RecentChangesLinked/The_Big_Short "Recent changes in pages linked from this page [k]") - [Upload file](https://en.wikipedia.org/wiki/Wikipedia:File_Upload_Wizard "Upload files [u]") - [Permanent link](https://en.wikipedia.org/w/index.php?title=The_Big_Short&oldid=1335440032 "Permanent link to this revision of this page") - [Page information](https://en.wikipedia.org/w/index.php?title=The_Big_Short&action=info "More information about this page") - [Cite this page](https://en.wikipedia.org/w/index.php?title=Special:CiteThisPage&page=The_Big_Short&id=1335440032&wpFormIdentifier=titleform "Information on how to cite this page") - [Get shortened URL](https://en.wikipedia.org/w/index.php?title=Special:UrlShortener&url=https%3A%2F%2Fen.wikipedia.org%2Fwiki%2FThe_Big_Short) Print/export - [Download as PDF](https://en.wikipedia.org/w/index.php?title=Special:DownloadAsPdf&page=The_Big_Short&action=show-download-screen "Download this page as a PDF file") - [Printable version](https://en.wikipedia.org/w/index.php?title=The_Big_Short&printable=yes "Printable version of this page [p]") In other projects - [Wikidata item](https://www.wikidata.org/wiki/Special:EntityPage/Q4091844 "Structured data on this page hosted by Wikidata [g]") Appearance move to sidebar hide From Wikipedia, the free encyclopedia 2010 book by Michael Lewis For the film based on the book, see [The Big Short (film)](https://en.wikipedia.org/wiki/The_Big_Short_$film$ "The Big Short (film)"). \| \| \| \|---\|---\| \| [![](https://upload.wikimedia.org/wikipedia/en/thumb/2/2f/Big-short-inside-the-doomsday-machine.jpg/250px-Big-short-inside-the-doomsday-machine.jpg)](https://en.wikipedia.org/wiki/File:Big-short-inside-the-doomsday-machine.jpg)Hardcover edition \| \| \| Author \| [Michael Lewis](https://en.wikipedia.org/wiki/Michael_Lewis "Michael Lewis") \| \| Language \| English \| \| Genre \| [Financial thriller](https://en.wikipedia.org/wiki/Financial_thriller "Financial thriller") \| \| Publisher \| [W. W. Norton & Company](https://en.wikipedia.org/wiki/W._W._Norton_%26_Company "W. W. Norton & Company") \| \| Publication date \| March 15, 2010 \| \| Publication place \| United States \| \| Media type \| Print (hardcover) \| \| Pages \| 320 pp. \| \| [ISBN](https://en.wikipedia.org/wiki/ISBN_$identifier$ "ISBN (identifier)") \| [0-393-07223-1](https://en.wikipedia.org/wiki/Special:BookSources/0-393-07223-1 "Special:BookSources/0-393-07223-1") \| \| [OCLC](https://en.wikipedia.org/wiki/OCLC_$identifier$ "OCLC (identifier)") \| [567188407](https://www.worldcat.org/oclc/567188407) \| \| [LC Class](https://en.wikipedia.org/wiki/LCC_$identifier$ "LCC (identifier)") \| HC106.83 L5 2010 \| \| Preceded by \| Home Game \| \| Followed by \| [Boomerang](https://en.wikipedia.org/wiki/Boomerang:_Travels_in_the_New_Third_World "Boomerang: Travels in the New Third World") \| *The Big Short: Inside the Doomsday Machine* is a nonfiction book by [Michael Lewis](https://en.wikipedia.org/wiki/Michael_Lewis "Michael Lewis") about the build-up of the [United States housing bubble](https://en.wikipedia.org/wiki/United_States_housing_bubble "United States housing bubble") during the 2000s. It was released on March 15, 2010, by [W. W. Norton & Company](https://en.wikipedia.org/wiki/W._W._Norton_%26_Company "W. W. Norton & Company"). It spent 28 weeks on [The New York Times](https://en.wikipedia.org/wiki/The_New_York_Times "The New York Times") [best-seller list](https://en.wikipedia.org/wiki/The_New_York_Times_Best_Seller_list "The New York Times Best Seller list"), and was the basis for the 2015 [film of the same name](https://en.wikipedia.org/wiki/The_Big_Short_$film$ "The Big Short (film)"). ## Summary \[[edit](https://en.wikipedia.org/w/index.php?title=The_Big_Short&action=edit&section=1 "Edit section: Summary")\] The Big Short describes several of the main players in the creation of the [credit default swap](https://en.wikipedia.org/wiki/Credit_default_swap "Credit default swap") market who sought to bet against the [collateralized debt obligation](https://en.wikipedia.org/wiki/Collateralized_debt_obligation "Collateralized debt obligation") (CDO) [bubble](https://en.wikipedia.org/wiki/Economic_bubble "Economic bubble") and thus ended up profiting from the [2008 financial crisis](https://en.wikipedia.org/wiki/2008_financial_crisis "2008 financial crisis"). It also highlights the eccentric natures of people who bet against the market or otherwise "go against the grain." The book follows people who believed the housing bubble was going to burst—including [Meredith Whitney](https://en.wikipedia.org/wiki/Meredith_Whitney "Meredith Whitney"), who predicted the demise of [Citigroup](https://en.wikipedia.org/wiki/Citigroup "Citigroup") and [Bear Stearns](https://en.wikipedia.org/wiki/Bear_Stearns "Bear Stearns"); [Steve Eisman](https://en.wikipedia.org/wiki/Steve_Eisman "Steve Eisman"), an outspoken [hedge fund](https://en.wikipedia.org/wiki/Hedge_fund "Hedge fund") manager; [Greg Lippmann](https://en.wikipedia.org/wiki/Greg_Lippmann "Greg Lippmann"), a [Deutsche Bank](https://en.wikipedia.org/wiki/Deutsche_Bank "Deutsche Bank") trader; [Eugene Xu](https://en.wikipedia.org/wiki/Eugene_Xu "Eugene Xu"), a [quantitative analyst](https://en.wikipedia.org/wiki/Quantitative_analyst "Quantitative analyst") who created the first CDO market by matching buyers and sellers; the founders of [Cornwall Capital](https://en.wikipedia.org/wiki/Cornwall_Capital "Cornwall Capital"), who started a hedge fund in their garage with \$110,000 and built it into \$120 million when the market crashed; and [Michael Burry](https://en.wikipedia.org/wiki/Michael_Burry "Michael Burry"), an ex-[neurologist](https://en.wikipedia.org/wiki/Neurologist "Neurologist") who created [Scion Capital](https://en.wikipedia.org/wiki/Scion_Capital "Scion Capital").[\[1\]](https://en.wikipedia.org/wiki/The_Big_Short#cite_note-1) It also highlights some of the people involved in the biggest losses in the market crash: Wing Chau, [Merrill](https://en.wikipedia.org/wiki/Merrill_Lynch "Merrill Lynch")'s \$300 million mezzanine CDO manager; [Howie Hubler](https://en.wikipedia.org/wiki/Howie_Hubler "Howie Hubler"), known as the person who lost \$9 billion in one trade, the [fifth-largest single loss in history](https://en.wikipedia.org/wiki/List_of_trading_losses "List of trading losses");[\[2\]](https://en.wikipedia.org/wiki/The_Big_Short#cite_note-2) and [Joseph Cassano](https://en.wikipedia.org/wiki/Joseph_Cassano "Joseph Cassano")'s [AIG Financial Products](https://en.wikipedia.org/wiki/AIG_Financial_Products "AIG Financial Products"), which suffered more than \$99 billion in losses.[\[3\]](https://en.wikipedia.org/wiki/The_Big_Short#cite_note-3) ## Reception \[[edit](https://en.wikipedia.org/w/index.php?title=The_Big_Short&action=edit&section=2 "Edit section: Reception")\] The Big Short was shortlisted for the 2010 [Financial Times and Goldman Sachs Business Book of the Year Award](https://en.wikipedia.org/wiki/Financial_Times_and_McKinsey_Business_Book_of_the_Year_Award "Financial Times and McKinsey Business Book of the Year Award"). It spent 28 weeks on [The New York Times](https://en.wikipedia.org/wiki/The_New_York_Times "The New York Times")' non-fiction bestseller list.[\[4\]](https://en.wikipedia.org/wiki/The_Big_Short#cite_note-4) It also received the 2011 [Robert F. Kennedy Center for Justice and Human Rights Book Award](https://en.wikipedia.org/wiki/Robert_F._Kennedy_Center_for_Justice_and_Human_Rights_Book_Award "Robert F. Kennedy Center for Justice and Human Rights Book Award").[\[5\]](https://en.wikipedia.org/wiki/The_Big_Short#cite_note-5) ## Film \[[edit](https://en.wikipedia.org/w/index.php?title=The_Big_Short&action=edit&section=3 "Edit section: Film")\] Main article: [The Big Short (film)](https://en.wikipedia.org/wiki/The_Big_Short_$film$ "The Big Short (film)") [Paramount](https://en.wikipedia.org/wiki/Paramount_Pictures "Paramount Pictures") acquired the rights to The Big Short: Inside the Doomsday Machine in 2013. On March 24, 2014, it was announced that [Adam McKay](https://en.wikipedia.org/wiki/Adam_McKay "Adam McKay") would direct the adaptation.[\[6\]](https://en.wikipedia.org/wiki/The_Big_Short#cite_note-6) On January 13, 2015, [Variety](https://en.wikipedia.org/wiki/Variety_$magazine$ "Variety (magazine)") reported that [Brad Pitt](https://en.wikipedia.org/wiki/Brad_Pitt "Brad Pitt"), [Christian Bale](https://en.wikipedia.org/wiki/Christian_Bale "Christian Bale") and [Ryan Gosling](https://en.wikipedia.org/wiki/Ryan_Gosling "Ryan Gosling") were set to star in the film, and that Pitt would produce it with McKay and [Dede Gardner](https://en.wikipedia.org/wiki/Dede_Gardner "Dede Gardner"). [Steve Carell](https://en.wikipedia.org/wiki/Steve_Carell "Steve Carell") then joined.[\[7\]](https://en.wikipedia.org/wiki/The_Big_Short#cite_note-7) [Plan B Entertainment](https://en.wikipedia.org/wiki/Plan_B_Entertainment "Plan B Entertainment") financed the film with Paramount handling the distribution rights. Production started March 23, 2015[\[8\]](https://en.wikipedia.org/wiki/The_Big_Short#cite_note-8) in New Orleans, LA.[\[9\]](https://en.wikipedia.org/wiki/The_Big_Short#cite_note-9) The film was released on December 11, 2015, and was met with critical acclaim, winning the [Academy Award for Best Adapted Screenplay](https://en.wikipedia.org/wiki/Academy_Award_for_Best_Adapted_Screenplay "Academy Award for Best Adapted Screenplay"), and receiving a nomination for the [Academy Award for Best Picture](https://en.wikipedia.org/wiki/Academy_Award_for_Best_Picture "Academy Award for Best Picture"). ## See also \[[edit](https://en.wikipedia.org/w/index.php?title=The_Big_Short&action=edit&section=4 "Edit section: See also")\] - [CDO-Squared](https://en.wikipedia.org/wiki/CDO-Squared "CDO-Squared") - [Collateralized debt obligation](https://en.wikipedia.org/wiki/Collateralized_debt_obligation "Collateralized debt obligation") - [Credit default swap](https://en.wikipedia.org/wiki/Credit_default_swap "Credit default swap") - [Mortgage-backed security](https://en.wikipedia.org/wiki/Mortgage-backed_security "Mortgage-backed security") - [The Greatest Trade Ever](https://en.wikipedia.org/wiki/The_Greatest_Trade_Ever "The Greatest Trade Ever"), a 2009 book by [Gregory Zuckerman](https://en.wikipedia.org/wiki/Gregory_Zuckerman "Gregory Zuckerman") - [The Smartest Guys in the Room](https://en.wikipedia.org/wiki/The_Smartest_Guys_in_the_Room_$book$ "The Smartest Guys in the Room (book)"), a 2003 book by Bethany McLean and Peter Elkind - [Liar's Poker](https://en.wikipedia.org/wiki/Liar%27s_Poker "Liar's Poker") by [Michael Lewis](https://en.wikipedia.org/wiki/Michael_Lewis "Michael Lewis") - [Discussion Materials](https://en.wikipedia.org/wiki/Discussion_Materials "Discussion Materials") by [Bill Keenan](https://en.wikipedia.org/wiki/Bill_Keenan "Bill Keenan") - [When Genius Failed](https://en.wikipedia.org/wiki/When_Genius_Failed "When Genius Failed") by Roger Lowenstein - [Too Big to Fail](https://en.wikipedia.org/wiki/Too_big_to_fail "Too big to fail") by Andrew Ross Sorkin ## References \[[edit](https://en.wikipedia.org/w/index.php?title=The_Big_Short&action=edit&section=5 "Edit section: References")\] 1. [^](https://en.wikipedia.org/wiki/The_Big_Short#cite_ref-1) Lewis, Michael (April 2010). ["Betting on the Blind Side"](https://web.archive.org/web/20100419210041/http://www.vanityfair.com/business/features/2010/04/wall-street-excerpt-201004). [Vanity Fair](https://en.wikipedia.org/wiki/Vanity_Fair_$magazine$ "Vanity Fair (magazine)"). Archived from [the original](http://www.vanityfair.com/business/features/2010/04/wall-street-excerpt-201004) on April 19, 2010. Retrieved September 28, 2025. 2. [^](https://en.wikipedia.org/wiki/The_Big_Short#cite_ref-2) Abelson, Max (March 23, 2010). ["Howie Hubler of New Jersey: The Return of a Subprime Villain"](https://web.archive.org/web/20100818215100/http://www.observer.com/2010/wall-street/howie-hubler-new-jersey-return-subprime-villain). [The New York Observer](https://en.wikipedia.org/wiki/The_New_York_Observer "The New York Observer"). Archived from [the original](https://www.observer.com/2010/wall-street/howie-hubler-new-jersey-return-subprime-villain) on August 18, 2010. Retrieved September 28, 2025. 3. [^](https://en.wikipedia.org/wiki/The_Big_Short#cite_ref-3) ["U.S. offers more funds to help fraught AIG: \$30 billion more in loans; \$61.7 billion lost in the fourth quarter"](https://www.nbcnews.com/id/wbna29455792), [NBC News](https://en.wikipedia.org/wiki/NBC_News "NBC News"), March 2, 2009. 4. [^](https://en.wikipedia.org/wiki/The_Big_Short#cite_ref-4) ["The New York Times Bestseller List"](http://www.hawes.com/2010/2010-10-10.pdf) (PDF). The New York Times. October 10, 2010. Retrieved January 19, 2016. 5. [^](https://en.wikipedia.org/wiki/The_Big_Short#cite_ref-5) ["RFK Center Book Awards"](https://web.archive.org/web/20150822071739/http://rfkcenter.org/who-we-are/awards/rfk-book-awards/). Archived from [the original](http://rfkcenter.org/who-we-are/awards/rfk-book-awards/) on August 22, 2015. Retrieved January 12, 2016. 6. [^](https://en.wikipedia.org/wiki/The_Big_Short#cite_ref-6) Dave McNary (March 24, 2014). ["'Anchorman's' Adam McKay Boards Financial Drama"](https://variety.com/2014/film/news/adam-mckay-big-short-brad-pitt-1201144582/). [Variety](https://en.wikipedia.org/wiki/Variety_$magazine$ "Variety (magazine)"). Retrieved January 14, 2015. 7. [^](https://en.wikipedia.org/wiki/The_Big_Short#cite_ref-7) Borys Kit (January 14, 2015). ["Steve Carell in Talks to Join Christian Bale, Ryan Gosling in 'The Big Short'"](http://www.hollywoodreporter.com/news/steve-carell-talks-join-christian-763755). [The Hollywood Reporter](https://en.wikipedia.org/wiki/The_Hollywood_Reporter "The Hollywood Reporter"). Retrieved January 14, 2015. 8. [^](https://en.wikipedia.org/wiki/The_Big_Short#cite_ref-8) Justin Kroll (January 13, 2015). ["Brad Pitt, Christian Bale and Ryan Gosling to Star in Financial Drama 'The Big Short' (EXCLUSIVE)"](https://variety.com/2015/film/news/brad-pitt-christian-bale-and-ryan-gosling-to-star-in-financial-drama-the-big-short-exclusive-1201404038/). [Variety](https://en.wikipedia.org/wiki/Variety_$magazine$ "Variety (magazine)"). Retrieved January 14, 2015. 9. [^](https://en.wikipedia.org/wiki/The_Big_Short#cite_ref-9) ["Brad Pitt Film "The Big Short" Casting Call in LA"](http://www.auditionsfree.com/2015/bradd-pitt-film-big-short-casting-call-la/). Auditions Free. March 5, 2015. Retrieved March 6, 2015. ## External links \[[edit](https://en.wikipedia.org/w/index.php?title=The_Big_Short&action=edit&section=6 "Edit section: External links")\] ![](https://upload.wikimedia.org/wikipedia/commons/thumb/f/fa/Wikiquote-logo.svg/40px-Wikiquote-logo.svg.png) Wikiquote has quotations related to *[The Big Short](https://en.wikiquote.org/wiki/Michael_Lewis_$author$#The_Big_Short_$2010$ "q:Michael Lewis (author)"). - [The Big Short](http://books.wwnorton.com/books/978-0-393-07223-5/), at [W. W. Norton](https://en.wikipedia.org/wiki/W._W._Norton "W. W. Norton") (official book site) - ['Shorting our Future'](https://web.archive.org/web/20110106051948/http://www.oxonianreview.org/wp/shorting-our-future/), a review of The Big Short* in The Oxonian Review \| [v](https://en.wikipedia.org/wiki/Template:Michael_Lewis "Template:Michael Lewis") [t](https://en.wikipedia.org/wiki/Template_talk:Michael_Lewis "Template talk:Michael Lewis") [e](https://en.wikipedia.org/wiki/Special:EditPage/Template:Michael_Lewis "Special:EditPage/Template:Michael Lewis")Works by [Michael Lewis](https://en.wikipedia.org/wiki/Michael_Lewis "Michael Lewis") \| \| \|---\|---\| \| Books \| [Liar's Poker](https://en.wikipedia.org/wiki/Liar%27s_Poker "Liar's Poker") [Trail Fever](https://en.wikipedia.org/wiki/Trail_Fever "Trail Fever") (aka Losers) [The New New Thing](https://en.wikipedia.org/wiki/The_New_New_Thing "The New New Thing") [Next](https://en.wikipedia.org/wiki/Next:_The_Future_Just_Happened "Next: The Future Just Happened") [Moneyball](https://en.wikipedia.org/wiki/Moneyball:_The_Art_of_Winning_an_Unfair_Game "Moneyball: The Art of Winning an Unfair Game") [The Blind Side](https://en.wikipedia.org/wiki/The_Blind_Side:_Evolution_of_a_Game "The Blind Side: Evolution of a Game") [Panic](https://en.wikipedia.org/wiki/Panic:_The_Story_of_Modern_Financial_Insanity "Panic: The Story of Modern Financial Insanity") [The Big Short]() [Boomerang](https://en.wikipedia.org/wiki/Boomerang:_Travels_in_the_New_Third_World "Boomerang: Travels in the New Third World") [Flash Boys](https://en.wikipedia.org/wiki/Flash_Boys "Flash Boys") [The Undoing Project](https://en.wikipedia.org/wiki/The_Undoing_Project "The Undoing Project") [The Fifth Risk](https://en.wikipedia.org/wiki/The_Fifth_Risk "The Fifth Risk") [The Premonition](https://en.wikipedia.org/wiki/The_Premonition_$Lewis_book$ "The Premonition (Lewis book)") [Going Infinite](https://en.wikipedia.org/wiki/Going_Infinite "Going Infinite") \| \| Film adaptations \| [The Blind Side](https://en.wikipedia.org/wiki/The_Blind_Side_$film$ "The Blind Side (film)") [Moneyball](https://en.wikipedia.org/wiki/Moneyball_$film$ "Moneyball (film)") [The Big Short](https://en.wikipedia.org/wiki/The_Big_Short_$film$ "The Big Short (film)") [Radical Wolfe](https://en.wikipedia.org/wiki/Radical_Wolfe "Radical Wolfe") \| \| \| \| \|---\|---\| \| [Authority control databases](https://en.wikipedia.org/wiki/Help:Authority_control "Help:Authority control") [![Edit this at Wikidata](https://upload.wikimedia.org/wikipedia/en/thumb/8/8a/OOjs_UI_icon_edit-ltr-progressive.svg/20px-OOjs_UI_icon_edit-ltr-progressive.svg.png)](https://www.wikidata.org/wiki/Q4091844#identifiers "Edit this at Wikidata") \| [Open Library](https://openlibrary.org/works/OL15118378W?mode=all) \| ![](https://en.wikipedia.org/wiki/Special:CentralAutoLogin/start?useformat=desktop&type=1x1&usesul3=1) Retrieved from "<https://en.wikipedia.org/w/index.php?title=The_Big_Short&oldid=1335440032>" [Categories](https://en.wikipedia.org/wiki/Help:Category "Help:Category"): - [Non-fiction books about the subprime mortgage crisis](https://en.wikipedia.org/wiki/Category:Non-fiction_books_about_the_subprime_mortgage_crisis "Category:Non-fiction books about the subprime mortgage crisis") - [2010 non-fiction books](https://en.wikipedia.org/wiki/Category:2010_non-fiction_books "Category:2010 non-fiction books") - [2000s in economic history](https://en.wikipedia.org/wiki/Category:2000s_in_economic_history "Category:2000s in economic history") - [Books about companies](https://en.wikipedia.org/wiki/Category:Books_about_companies "Category:Books about companies") - [Books about stock traders](https://en.wikipedia.org/wiki/Category:Books_about_stock_traders "Category:Books about stock traders") - [Business books](https://en.wikipedia.org/wiki/Category:Business_books "Category:Business books") - [W. 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Readable Markdown	From Wikipedia, the free encyclopedia \| \| \| \|---\|---\| \| [![](https://upload.wikimedia.org/wikipedia/en/thumb/2/2f/Big-short-inside-the-doomsday-machine.jpg/250px-Big-short-inside-the-doomsday-machine.jpg)](https://en.wikipedia.org/wiki/File:Big-short-inside-the-doomsday-machine.jpg)Hardcover edition \| \| \| Author \| [Michael Lewis](https://en.wikipedia.org/wiki/Michael_Lewis "Michael Lewis") \| \| Language \| English \| \| Genre \| [Financial thriller](https://en.wikipedia.org/wiki/Financial_thriller "Financial thriller") \| \| Publisher \| [W. W. Norton & Company](https://en.wikipedia.org/wiki/W._W._Norton_%26_Company "W. W. Norton & Company") \| \| Publication date \| March 15, 2010 \| \| Publication place \| United States \| \| Media type \| Print (hardcover) \| \| Pages \| 320 pp. \| \| [ISBN](https://en.wikipedia.org/wiki/ISBN_$identifier$ "ISBN (identifier)") \| [0-393-07223-1](https://en.wikipedia.org/wiki/Special:BookSources/0-393-07223-1 "Special:BookSources/0-393-07223-1") \| \| [OCLC](https://en.wikipedia.org/wiki/OCLC_$identifier$ "OCLC (identifier)") \| [567188407](https://www.worldcat.org/oclc/567188407) \| \| [LC Class](https://en.wikipedia.org/wiki/LCC_$identifier$ "LCC (identifier)") \| HC106.83 L5 2010 \| \| Preceded by \| Home Game \| \| Followed by \| [Boomerang](https://en.wikipedia.org/wiki/Boomerang:_Travels_in_the_New_Third_World "Boomerang: Travels in the New Third World") \| *The Big Short: Inside the Doomsday Machine* is a nonfiction book by [Michael Lewis](https://en.wikipedia.org/wiki/Michael_Lewis "Michael Lewis") about the build-up of the [United States housing bubble](https://en.wikipedia.org/wiki/United_States_housing_bubble "United States housing bubble") during the 2000s. It was released on March 15, 2010, by [W. W. Norton & Company](https://en.wikipedia.org/wiki/W._W._Norton_%26_Company "W. W. Norton & Company"). It spent 28 weeks on [The New York Times](https://en.wikipedia.org/wiki/The_New_York_Times "The New York Times") [best-seller list](https://en.wikipedia.org/wiki/The_New_York_Times_Best_Seller_list "The New York Times Best Seller list"), and was the basis for the 2015 [film of the same name](https://en.wikipedia.org/wiki/The_Big_Short_$film$ "The Big Short (film)"). The Big Short describes several of the main players in the creation of the [credit default swap](https://en.wikipedia.org/wiki/Credit_default_swap "Credit default swap") market who sought to bet against the [collateralized debt obligation](https://en.wikipedia.org/wiki/Collateralized_debt_obligation "Collateralized debt obligation") (CDO) [bubble](https://en.wikipedia.org/wiki/Economic_bubble "Economic bubble") and thus ended up profiting from the [2008 financial crisis](https://en.wikipedia.org/wiki/2008_financial_crisis "2008 financial crisis"). It also highlights the eccentric natures of people who bet against the market or otherwise "go against the grain." The book follows people who believed the housing bubble was going to burst—including [Meredith Whitney](https://en.wikipedia.org/wiki/Meredith_Whitney "Meredith Whitney"), who predicted the demise of [Citigroup](https://en.wikipedia.org/wiki/Citigroup "Citigroup") and [Bear Stearns](https://en.wikipedia.org/wiki/Bear_Stearns "Bear Stearns"); [Steve Eisman](https://en.wikipedia.org/wiki/Steve_Eisman "Steve Eisman"), an outspoken [hedge fund](https://en.wikipedia.org/wiki/Hedge_fund "Hedge fund") manager; [Greg Lippmann](https://en.wikipedia.org/wiki/Greg_Lippmann "Greg Lippmann"), a [Deutsche Bank](https://en.wikipedia.org/wiki/Deutsche_Bank "Deutsche Bank") trader; [Eugene Xu](https://en.wikipedia.org/wiki/Eugene_Xu "Eugene Xu"), a [quantitative analyst](https://en.wikipedia.org/wiki/Quantitative_analyst "Quantitative analyst") who created the first CDO market by matching buyers and sellers; the founders of [Cornwall Capital](https://en.wikipedia.org/wiki/Cornwall_Capital "Cornwall Capital"), who started a hedge fund in their garage with \$110,000 and built it into \$120 million when the market crashed; and [Michael Burry](https://en.wikipedia.org/wiki/Michael_Burry "Michael Burry"), an ex-[neurologist](https://en.wikipedia.org/wiki/Neurologist "Neurologist") who created [Scion Capital](https://en.wikipedia.org/wiki/Scion_Capital "Scion Capital").[\[1\]](https://en.wikipedia.org/wiki/The_Big_Short#cite_note-1) It also highlights some of the people involved in the biggest losses in the market crash: Wing Chau, [Merrill](https://en.wikipedia.org/wiki/Merrill_Lynch "Merrill Lynch")'s \$300 million mezzanine CDO manager; [Howie Hubler](https://en.wikipedia.org/wiki/Howie_Hubler "Howie Hubler"), known as the person who lost \$9 billion in one trade, the [fifth-largest single loss in history](https://en.wikipedia.org/wiki/List_of_trading_losses "List of trading losses");[\[2\]](https://en.wikipedia.org/wiki/The_Big_Short#cite_note-2) and [Joseph Cassano](https://en.wikipedia.org/wiki/Joseph_Cassano "Joseph Cassano")'s [AIG Financial Products](https://en.wikipedia.org/wiki/AIG_Financial_Products "AIG Financial Products"), which suffered more than \$99 billion in losses.[\[3\]](https://en.wikipedia.org/wiki/The_Big_Short#cite_note-3) The Big Short was shortlisted for the 2010 [Financial Times and Goldman Sachs Business Book of the Year Award](https://en.wikipedia.org/wiki/Financial_Times_and_McKinsey_Business_Book_of_the_Year_Award "Financial Times and McKinsey Business Book of the Year Award"). It spent 28 weeks on [The New York Times](https://en.wikipedia.org/wiki/The_New_York_Times "The New York Times")' non-fiction bestseller list.[\[4\]](https://en.wikipedia.org/wiki/The_Big_Short#cite_note-4) It also received the 2011 [Robert F. Kennedy Center for Justice and Human Rights Book Award](https://en.wikipedia.org/wiki/Robert_F._Kennedy_Center_for_Justice_and_Human_Rights_Book_Award "Robert F. Kennedy Center for Justice and Human Rights Book Award").[\[5\]](https://en.wikipedia.org/wiki/The_Big_Short#cite_note-5) [Paramount](https://en.wikipedia.org/wiki/Paramount_Pictures "Paramount Pictures") acquired the rights to The Big Short: Inside the Doomsday Machine in 2013. On March 24, 2014, it was announced that [Adam McKay](https://en.wikipedia.org/wiki/Adam_McKay "Adam McKay") would direct the adaptation.[\[6\]](https://en.wikipedia.org/wiki/The_Big_Short#cite_note-6) On January 13, 2015, [Variety](https://en.wikipedia.org/wiki/Variety_$magazine$ "Variety (magazine)") reported that [Brad Pitt](https://en.wikipedia.org/wiki/Brad_Pitt "Brad Pitt"), [Christian Bale](https://en.wikipedia.org/wiki/Christian_Bale "Christian Bale") and [Ryan Gosling](https://en.wikipedia.org/wiki/Ryan_Gosling "Ryan Gosling") were set to star in the film, and that Pitt would produce it with McKay and [Dede Gardner](https://en.wikipedia.org/wiki/Dede_Gardner "Dede Gardner"). [Steve Carell](https://en.wikipedia.org/wiki/Steve_Carell "Steve Carell") then joined.[\[7\]](https://en.wikipedia.org/wiki/The_Big_Short#cite_note-7) [Plan B Entertainment](https://en.wikipedia.org/wiki/Plan_B_Entertainment "Plan B Entertainment") financed the film with Paramount handling the distribution rights. Production started March 23, 2015[\[8\]](https://en.wikipedia.org/wiki/The_Big_Short#cite_note-8) in New Orleans, LA.[\[9\]](https://en.wikipedia.org/wiki/The_Big_Short#cite_note-9) The film was released on December 11, 2015, and was met with critical acclaim, winning the [Academy Award for Best Adapted Screenplay](https://en.wikipedia.org/wiki/Academy_Award_for_Best_Adapted_Screenplay "Academy Award for Best Adapted Screenplay"), and receiving a nomination for the [Academy Award for Best Picture](https://en.wikipedia.org/wiki/Academy_Award_for_Best_Picture "Academy Award for Best Picture"). - [CDO-Squared](https://en.wikipedia.org/wiki/CDO-Squared "CDO-Squared") - [Collateralized debt obligation](https://en.wikipedia.org/wiki/Collateralized_debt_obligation "Collateralized debt obligation") - [Credit default swap](https://en.wikipedia.org/wiki/Credit_default_swap "Credit default swap") - [Mortgage-backed security](https://en.wikipedia.org/wiki/Mortgage-backed_security "Mortgage-backed security") - [The Greatest Trade Ever](https://en.wikipedia.org/wiki/The_Greatest_Trade_Ever "The Greatest Trade Ever"), a 2009 book by [Gregory Zuckerman](https://en.wikipedia.org/wiki/Gregory_Zuckerman "Gregory Zuckerman") - [The Smartest Guys in the Room](https://en.wikipedia.org/wiki/The_Smartest_Guys_in_the_Room_$book$ "The Smartest Guys in the Room (book)"), a 2003 book by Bethany McLean and Peter Elkind - [Liar's Poker](https://en.wikipedia.org/wiki/Liar%27s_Poker "Liar's Poker") by [Michael Lewis](https://en.wikipedia.org/wiki/Michael_Lewis "Michael Lewis") - [Discussion Materials](https://en.wikipedia.org/wiki/Discussion_Materials "Discussion Materials") by [Bill Keenan](https://en.wikipedia.org/wiki/Bill_Keenan "Bill Keenan") - [When Genius Failed](https://en.wikipedia.org/wiki/When_Genius_Failed "When Genius Failed") by Roger Lowenstein - [Too Big to Fail](https://en.wikipedia.org/wiki/Too_big_to_fail "Too big to fail") by Andrew Ross Sorkin 1. [^](https://en.wikipedia.org/wiki/The_Big_Short#cite_ref-1) Lewis, Michael (April 2010). ["Betting on the Blind Side"](https://web.archive.org/web/20100419210041/http://www.vanityfair.com/business/features/2010/04/wall-street-excerpt-201004). [Vanity Fair](https://en.wikipedia.org/wiki/Vanity_Fair_$magazine$ "Vanity Fair (magazine)"). Archived from [the original](http://www.vanityfair.com/business/features/2010/04/wall-street-excerpt-201004) on April 19, 2010. Retrieved September 28, 2025. 2. [^](https://en.wikipedia.org/wiki/The_Big_Short#cite_ref-2) Abelson, Max (March 23, 2010). ["Howie Hubler of New Jersey: The Return of a Subprime Villain"](https://web.archive.org/web/20100818215100/http://www.observer.com/2010/wall-street/howie-hubler-new-jersey-return-subprime-villain). [The New York Observer](https://en.wikipedia.org/wiki/The_New_York_Observer "The New York Observer"). Archived from [the original](https://www.observer.com/2010/wall-street/howie-hubler-new-jersey-return-subprime-villain) on August 18, 2010. Retrieved September 28, 2025. 3. [^](https://en.wikipedia.org/wiki/The_Big_Short#cite_ref-3) ["U.S. offers more funds to help fraught AIG: \$30 billion more in loans; \$61.7 billion lost in the fourth quarter"](https://www.nbcnews.com/id/wbna29455792), [NBC News](https://en.wikipedia.org/wiki/NBC_News "NBC News"), March 2, 2009. 4. [^](https://en.wikipedia.org/wiki/The_Big_Short#cite_ref-4) ["The New York Times Bestseller List"](http://www.hawes.com/2010/2010-10-10.pdf) (PDF). The New York Times. October 10, 2010. Retrieved January 19, 2016. 5. [^](https://en.wikipedia.org/wiki/The_Big_Short#cite_ref-5) ["RFK Center Book Awards"](https://web.archive.org/web/20150822071739/http://rfkcenter.org/who-we-are/awards/rfk-book-awards/). Archived from [the original](http://rfkcenter.org/who-we-are/awards/rfk-book-awards/) on August 22, 2015. Retrieved January 12, 2016. 6. [^](https://en.wikipedia.org/wiki/The_Big_Short#cite_ref-6) Dave McNary (March 24, 2014). ["'Anchorman's' Adam McKay Boards Financial Drama"](https://variety.com/2014/film/news/adam-mckay-big-short-brad-pitt-1201144582/). [Variety](https://en.wikipedia.org/wiki/Variety_$magazine$ "Variety (magazine)"). Retrieved January 14, 2015. 7. [^](https://en.wikipedia.org/wiki/The_Big_Short#cite_ref-7) Borys Kit (January 14, 2015). ["Steve Carell in Talks to Join Christian Bale, Ryan Gosling in 'The Big Short'"](http://www.hollywoodreporter.com/news/steve-carell-talks-join-christian-763755). [The Hollywood Reporter](https://en.wikipedia.org/wiki/The_Hollywood_Reporter "The Hollywood Reporter"). Retrieved January 14, 2015. 8. [^](https://en.wikipedia.org/wiki/The_Big_Short#cite_ref-8) Justin Kroll (January 13, 2015). ["Brad Pitt, Christian Bale and Ryan Gosling to Star in Financial Drama 'The Big Short' (EXCLUSIVE)"](https://variety.com/2015/film/news/brad-pitt-christian-bale-and-ryan-gosling-to-star-in-financial-drama-the-big-short-exclusive-1201404038/). [Variety](https://en.wikipedia.org/wiki/Variety_$magazine$ "Variety (magazine)"). Retrieved January 14, 2015. 9. [^](https://en.wikipedia.org/wiki/The_Big_Short#cite_ref-9) ["Brad Pitt Film "The Big Short" Casting Call in LA"](http://www.auditionsfree.com/2015/bradd-pitt-film-big-short-casting-call-la/). Auditions Free. March 5, 2015. Retrieved March 6, 2015. - [The Big Short](http://books.wwnorton.com/books/978-0-393-07223-5/), at [W. W. Norton](https://en.wikipedia.org/wiki/W._W._Norton "W. W. Norton") (official book site) - ['Shorting our Future'](https://web.archive.org/web/20110106051948/http://www.oxonianreview.org/wp/shorting-our-future/), a review of The Big Short in The Oxonian Review
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