Boomerang, written by Michael Lewis, continues the story from The Big Short exploring the financial collapse of Iceland, Ireland, and Greece. I stumbled upon it by accident looking through Amazon’s free Kindle reads (through Prime). I don’t have a deep interest in economics, but I do enjoy Lewis’ writing overall. Similar to The Big Short, this book highlighted why these countries were on the brink of defaulting a few years back.
Buy Boomerang: Travels in the New Third World on Amazon.
In Moneyball, Michael Lewis documents the unusual success of the Oakland Athletics baseball team led by Billy Beane. With the lowest combined team salary in all of baseball, the Athletics continue to make the playoffs and beat out higher paid teams. Lewis details exactly how their approach differs from other teams starting with how they value players, looking at statistics like walks and on base percentage versus home runs.
The Undoing Project by Michael Lewis details the friendship and prolific work history of two Isreali psychologists – Daniel Kahneman, a Nobel Prize winner, and Amos Tversky. Over many decades, the two made many discoveries and proposed new frameworks on judgement and decision making. They were a huge force in inventing the field of behavioral economics that is so popular today including many of the mental biases and fallacies like conjunction, anchoring, and recency. Lewis walks through many of their scientific findings while also highlighting the highs and lows of the partnership.
I’ve become more and more interested in investing and the stock market over the past several years. Flash Boys detailed the inner workings of high frequency trading and ways in which the odds in the stock market are stacked against everyday traders. While I did find the book interesting, I began to lose interest somewhere around the mid-point. If you’re into the stock and high frequency trading, this might be worth a read. It wasn’t my favorite.