Among the big skeptics in The Big Short are two thirty-year-old men who founded a small money management firm and named it Cornwall Capital Management. Charlie Ledley and Jamie Mai, later joined by Ben Hockett, ventured into running a money making business out of a house garage in Berkeley, California, with just a little over a hundred thousand dollars in their bank account and absolutely no experience in investments. Rather than knowledge and expertise, the young financiers were equipped with the conviction that “the best way to m...
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...o us all: If it wasn’t for Copernicus and later Galileo, we would still be under the impression that the Earth, not the Sun, is at the center of the universe. The monetary profits earned during the 2008 financial crisis by a small circle of people seemed to be well worth the challenges as well. Ironically, though, the circle included both the conformists and the contrarians. Outside the circle stood exasperatedly middle- and lower-middle-class Americans who suffered the most and will continue to until nonconformist politicians press for the implementation of much needed financial reforms.
Lewis, Michael. The Big Short: Inside the Doomsday Machine. New York: W.W. Norton &
Company, 2010. Print.
Lewis, Michael. Interview with Charlie Rose. 16 March 2010. Web. 7 March 2014.
McLeod, Saul. “Asch Experiment.” Simply psychology, 2008. Web. 7 March 2014.
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