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The complexity of the financial instruments at play from "summary" of The Big Short: Inside the Doomsday Machine (movie tie-in) by Michael Lewis

The world of finance can be a confusing and convoluted place, filled with complex instruments and transactions that can be difficult for the average person to understand. In the midst of this complexity, it can be easy for investors to get caught up in the allure of high returns and overlook the risks that come with these financial instruments. One of the key concepts to grasp is that many financial instruments are not as straightforward as they may appear on the surface. For example, mortgage-backed securities, which played a central role in the financial crisis of 2008, were bundles of thousands of individual mortgage loans packaged together and sold to investors. These securities were often given high credit ratings by r...
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    The Big Short: Inside the Doomsday Machine (movie tie-in)

    Michael Lewis

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