A Real-Life Trader Talks About “The Big Short”
After watching The Big Short, I felt I had a decent grasp on the causes of the 2008 financial crisis. The film, which is being released across the United States today, is based on the book by Michael Lewis, and describes how a few prescient financiers bet against the debt bubble and made millions.
Still, nothing can replace the insight of someone who worked in the industry during the crisis. Bob Henderson, a physics PhD turned Wall Street trader, lost $200 million in a single month in 2008 (before ultimately recovering from the loss and making a profit), while working at a major investment bank in New York. He details his story tomorrow, the 24th, in an exclusive Nautilus feature. (Henderson’s article is now available to read.)
Before we publish his feature, we wanted to get his opinion on The Big. What he had to say was illuminating, not only because of how he related with the characters—played by Ryan Gosling, Brad Pitt, Steve Carrell, and others—but also because of the context he gave.
