Panic - Michael Lewis

"Panic" is the follow-up to the best-selling "Liars Poker" from Michael Lewis and is an absolute must-read for anybody who

has an interest in the stock-market and other financial markets.

For those who didn't read the first book and don't know Michael Lewis, he was a trader at one of the top trading firms in the US. He became disillusioned with the whole corporate culture on Wall Street and he jumped to the other side of the fence where he became a financial journalist.

Lewis' ability to interpret and get the inside story on Wall Street made for hellishly entertaining reading in Liars Poker.

"Panic" is the latest offering and here he details some of the most recent financial crises and tries to put in perspective much of the spin that the financial industry and media are putting out to justify recent events.

It is intriguing because it includes names like Bernie Madoff and his take on the markets prior to him being unveiled as a fraud in the latest crisis.

I found it lots of fun because it included different articles spanning nearly 20 years worth of financial news and the ability to chronicle financial events from a whole lot of different perspectives. It included all the hype before the Asian crisis, the tech bubble etc and then the review of what went wrong

Title: Panic - The Story of Modern Financial Insanity
Author: Michael Lewis
ISBN: 978-0-14-104231-2

Loot price: R123.00 (eligible for free delivery on orders over R200 - see banner right)
Normal retail price: R150
You save: R27.00 (18%)

This book is lots of fun and if you have even a passing interest in financial markets then you will love this one.

Rated it a 4 out of 5