Want to read the best piece I've seen written yet on the financial crisis? Check out Michael Lewis' "The End of Wall Street's Boom" in the December Portfolio, and available online now.
Lewis showed in his 1989 book, "Liar's Poker," that large swathes of Wall Street know nothing about anything and just pull stuff out of their asses; I think the intervening 20 years have vindicated that thesis, and also expanded it to numerous other industries.
Posted by Stephen Silver at December 1, 2008 02:51 PM