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Is the movie The Big Short (2015) based on a true story?

Matthew Brown Matthew Brown Oct 07, 2015 · 2 mins read
Is the movie The Big Short (2015) based on a true story?
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Yes, The Big Short (2015) is based on a true story. The movie is based on the non-fiction book of the same name, written by Michael Lewis, and tells the story of the individuals who predicted and profited from the collapse of the U.S. housing market in 2007-2008. The movie features real-life characters such as Dr. Michael Burry, Steve Eisman, and Greg Lippmann.

What is the true story behind the movie The Big Short (2015)?

The Big Short is based on the true story of a group of investors who saw the 2008 financial crisis coming and made a fortune by betting against the housing market.

In the early 2000s, banks and other financial institutions began offering high-risk loans to people who couldn’t afford them, known as subprime loans. These loans were bundled together into mortgage-backed securities and sold to investors. When many of these loans predictably began to default, the housing market crashed, leading to a broader financial crisis.

Several investors saw this coming and bet against the market by buying credit default swaps (CDSs), essentially insurance policies on bonds that would pay out if they lost value. These investors included hedge fund manager Michael Burry (played by Christian Bale in the movie), trader Steve Eisman (Steve Carrell), and fund managers Mark Baum (Steve Carell) and Charlie Geller and Jamie Shipley (John Magaro and Finn Wittrock, respectively).

Despite facing ridicule and disbelief from their peers, these investors made huge profits when the market did indeed crash, while many others lost money or went bankrupt.

The movie also touches on the dishonest practices of big banks and financial institutions, who knowingly sold these risky mortgage-backed securities to investors while concealing the risks involved.

Are there any books about the true story behind the movie The Big Short (2015)?

Yes, there are several books about the true story behind the movie The Big Short. Two of the most popular books are:

  1. The Big Short: Inside the Doomsday Machine by Michael Lewis - This is the book on which the movie is based. It provides an in-depth look at the people and events that led to the 2008 financial crisis.

  2. Too Big to Fail: The Inside Story of How Wall Street and Washington Fought to Save the Financial System - and Themselves by Andrew Ross Sorkin - This book also provides a detailed account of the events leading up to the crisis, including the actions of key players in the government and financial industry.

You can try an audible free trial and search for audiobook versions of those

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Matthew Brown
Written by Matthew Brown
Living life to the fullest, one adventure at a time.