The Big Short

This week we're going back to 2007 with The Big Short! Join us as we learn about bespoke tranche opportunities, various hedge fund guys, Sofia's predictions for what Millennial side hustles will look like when none of us are retired in 50 years, and more! Sources: Jack Schwager, Hedge Fund Market Wizards: How Winning Traders Win. Wiley, 2012 Indiewire interview with Adam McKay: https://www.indiewire.com/2015/12/interview-adam-mckay-talks-the-big-short-making-a-bourne-style-financial-drama-angering-judd-apatow-more-100043/ John Szramiakje, "Here's the Story of One of the Heroes of the Big Short," Insider, available at https://www.businessinsider.com/michael-burry-life-story-2017-5 Johnny Brayson, "Where the Big Short's Michael Burry Is Today," Bustle, available at https://www.bustle.com/articles/133631-what-is-michael-burry-doing-today-the-big-short-character-is-still-weary-of-the-financial Reed Stevenson and Bloomberg, "Criminally Unjust: Big Short Investor Who Called Subprime Mortgage Collapse Slams Coronavirus Lockdowns," Fortune, available at https://fortune.com/2020/04/07/big-short-michael-burry-subprime-mortgage-coronavirus-lockdowns/ Flaxman et al, "Estimating the Effects of Non-Pharmaceutical Interventions on COVID-19 in Europe," Nature, available at https://www.nature.com/articles/s41586-020-2405-7 John J. McConnell and Stephen A. Buser, "The Origins and Evolution of the Market for Mortgage-Backed Securities," Annual Review of Financial Economics 3 (2011): 173-92, https://www.jstor.org/stable/42940424. Neil Fligstein and Adam Goldstein, "The Roots of the Great Recession," in The Great Recession eds. David B. Grusky, Bruse Western, and Christopher Wimer (Russel Sage Foundation), https://www.jstor.org/stable/10.7758/9781610447508.6 Richard H. Sander, Yana A. Kucheva, and Jonathan M. Zasloff, "The Mortgage Crisis and the Great Recession," Moving toward Integration: The Past and Future of Fair Housing (Harvard University Press, 2018)., https://www.jstor.org/stable/j.ctv24trdcq.28 Donald Palmer and Michael W. Maher, "The mortgage meltdown as normal accidental wrongdoing," Strategic Organization 8, no.1 (2010): 83-91. https://www.jstor.org/stable/23728572 Robert J. Schiller, "Mortgage Lenders and Securitizers," Finance and the Good Society (Princeton University Press), https://www.jstor.org/stable/j.ctt32bb86.11 John Divine, "What Is a Bespoke Tranche Opportunity?" U.S. News & World Report (16 August 2021), https://money.usnews.com/investing/stock-market-news/articles/what-is-a-bespoke-tranche-opportunity Adam Uzialko, "The Return of CDOs: Is Another Economic Crisis on the Horizon?" Business News Daily (21 February 2023), https://www.businessnewsdaily.com/10353-cdo-financial-derivatives-economic-crisis.html Erin Corbett, "Bespoke Tranche Opportunities Vs. CDOs," Bustle (30 March 2016), https://www.bustle.com/articles/150913-how-are-bespoke-tranche-opportunities-collateralized-debt-obligations-different-lets-break-it-down Hillary E. Crawford, "The Danger of Bespoke Tranche Opportunities," Bustle (5 April 2016), https://www.bustle.com/articles/152086-are-bespoke-tranche-opportunities-dangerous-they-pose-a-risk-just-not-right-away Christopher Whittall, "RPT-Banks, investors pile back into synthetic CDOs," (29 April 2019), https://www.reuters.com/article/idUSL5N22B5Q2 Christopher Whittall, "Synthetic CDO machine whirrs into gear again," (20 May 2022), https://www.ifre.com/story/3375562/synthetic-cdo-machine-whirrs-into-gear-again-ntzlc1mtzp