Boomerang is a great book

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pico

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the chapter about the germans is the best. explained why there are so many shit porns from germany.

by michael lewis. I think this is his second best book after liars poker.
 
I did enjoy moneyball. I have that book but haven't read it yet. Working on the biography of Steve Jobs right now. Currently know more useless trivia about him than I ever thought I wanted to know.
 
Thanks for posting this pico. Michael Lewis is one of my favorite writers, I actually saw some articles in vanity fair that he wrote before it became this book. I am going to get this book . Very interesting writer, he wrote a great book on silicon valley called the New New thing, and the "Big Short" on the credit tsunami is one of the best books I have read in a while. I have been reading the reviews, these are some funny quotes from the book

Iceland: "Iceland instantly became the only nation on earth that Americans could point to and say, `Well, at least we didn't do that!'"

Greece: "As it turned out, what the Greeks wanted to do, once the lights went out and they were alone in the dark with a pile of borrowed money, was to turn their government into a pinata stuffed with fantastic sums and give as many citizens as possible a whack at it."

Ireland: "But while the Icelandic male used foreign money to conquer foreign places--trophy companies in Britain, chunks of Scandinavia--the Irish male used foreign money to conquer Ireland. Left alone in a dark room with a pile of money, the Irish decided what they really wanted to do was buy Ireland. From each other."

from another review

"Thus Iceland went mad on banking because, as a nation of fishermen, it has a culture steeped in macho risk-taking; Ireland went mad on house buying because, as a nation beset by a history of oppression and exploitation, landowning was the ultimate escape from the past; ; while Germany is left to pay the bill for the madness because, as an anally well organised nation with a cultural obsession with Scheie, it likes the thrill of thrusting its clean fingers into other people's crap."

One review had some major points from the book if people are not going to read it

1. "In Greece the banks didn't sink the country. The country sank the banks."

"Greece went mad on avoiding tax payment and collection because, as a nation built on feuding, nepotism and graft, no one trusts anyone else and each Greek is out to look after himself"

8. How the macho culture of Iceland played a part in its financial meltdown

"Lewis writes "one of the distinctive traits about Iceland's disaster, and Wall Street's, is how little women had to do with it." Lewis describes his observations of the male-dominated fishing and finance industry, the latter which has changed its tide since the crash.

Now Iceland has the world's first openly gay head of state, and the country's first female prime minister, Jhanna Sigurardttir. Previous prime minister Geir Haarde went on trial earlier this month for "failures of ministerial responsibility."

Lewis also compares Ireland's financial disaster with that of Iceland's:

"It was created by the sort of men who ignore their wives' suggestions that maybe they should stop and ask for directions, for instance."