The Big Short by Michael Lewis is about the lives of a few investors that foresaw the biggest credit bubble Wall Street has ever seen. Reading the Big Short has taught me a lot about subprime mortgages and credit default swaps. Before I read this book I had no idea what subprime mortgages even were‚ much less that there was such thing as betting against them. Lewis addresses the fact that most people on Wall Street have no clue what they are actually doing. This is evident with how the market
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millions of dollars? This very thing happened in 2008 and very few people were able to see it coming despite being the cause of it. In Michael Lewis’ book‚ The Big Short: Inside the Doomsday Machine‚ he tells the story of several men who were able to predict the fall of the stock market many years before it happened and no one would listen to them. Michael Lewis does very well in explaining the events leading up to the economic downfall in 2008. He makes it easy for those who are unfamiliar with
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a food delivery; ex. Pizza‚ Chinese Food. We are put in the position to leave a tip. Tipping has become a standard in most service establishments‚ and many people ask. Should I leave tip or should I not tip at all? Tipping etiquette as grown substantially in recent years and in U.S.‚ restaurants alone account for about 27 billion (AZAR) each year. There are many people on both sides of this debate about Tipping. Some people argue that they should not assume the burden and be taxed additionally‚
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The Tipping Point is the “biography of an idea‚” that a good way to think of “any number of [any] mysterious changes that mark everyday life is to think of them as epidemics. Ideas and products and messages and behaviors spread just like viruses do.” (7) There are three basic characteristics of change — “one‚ contagiousness; two‚ the fact that little causes can have big effects; and three‚ that change happens not gradually but at one dramatic moment…” (9) “The name given to that one dramatic moment
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Readings; The Undercover Economist‚ The Tipping Point‚ and Travels of a T-Shirt in the Global Economy After reading the books; “The Undercover Economist”‚ “The Tipping Point”‚ and “Travels of a T-Shirt in the Global Economy” I am left thinking that the Global economy is actually more complicated and intricate than I ever thought and there is an interesting aspect of the world economy that is social. From the popularity of Hush Puppies in New York detailed in “Tipping Point” to the social networks of African
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“The Tipping Point: How Little Things Can Make a Big Difference.” By Malcolm Gladwell. Malcolm Gladwell‚ the author of The Tipping Point‚ explores the phenomenon known as the tipping point. According to Gladwell the tipping point is the moment at which "an idea‚ trend‚ or social behavior crosses a threshold‚ tips‚ and spreads like wildfire". In other words‚ the point when an idea‚ trend‚ or behavior becomes an sensation to the world. Gladwell researches the behaviors of fashion
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The Tipping Point 1. What do you think you are most like? A maven‚ salesman‚ or connector? Or none of them? Why? 2. Can you think of an example of Tipping Point in the past‚ not discussed in the book? 3. Can you think of an example of Tipping Point in the present‚ not discussed in the book? Maybe one that you could have been affected by? 4. Can you think of an example of broken glass theory that you have experienced in your life? 5. Can you think of an example of a fad that has exploded recently
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Entry One In the Tipping Point by Malcom Gladwell he explains that “the Tipping Point is that magic moment when an idea‚ trend‚ or social behavior crosses a threshold‚ tips‚ and spreads like wildfire.” In his book he explains what a tipping point is‚ how something comes to a Tipping Point‚ what happens when that something hits its Tipping Point‚ and the different people that play an important role to create a Tipping Point. On pages 20 and 21 of the book‚ Gladwell tells of two different men that
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Example that Fits the Tipping Point After finished the majority part of Tipping Point‚ which Gladwell talks about the three key factors that determine whether a particular trend will tip into a social epidemic‚ I built up a better understanding to how social phenomenon appears . It is very thought provoking and useful‚ especially for our business student which will struggle in “tipping” our service or product into popular fad. It is hard not to be convincing by Gladwall’s point of view. It is
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take someone else’s work and claim it for their own. Well-known writer and reporter Michael Lewis explains in his story “My Ames is True” the significance of his experience with plagiarism connecting with his worldview and illuminates the irony how Emir Kamenica got into a private school. Each person differently views the concept of plagiarism‚ such as is a view of Lewis’s first experience in 7th grade. As Lewis copies a text from a book for his school book report‚ he has no idea what plagiarism
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