Palo Alto: A History of California, Capitalism, and the World Highlight

Anyone who crafted an Aristotelian tragic narrative out of the 2008 crisis would have seen it as a correction for 10 years or so of financial-engineering shenanigans and irrational exuberance. But it was the investors who never read any Greek, the ones who were ready to roll the dice on the newly cheap housing stock, who made the right call. Some of the most extravagant financial instruments were done for, but housing prices rebounded nearly as fast as they fell.