The Big Short is a non-fiction book by Michael Lewis, published in 2010. The book tells the story of the events leading up to the 2008 financial crisis, and the individuals who were able to predict and profit from the collapse of the housing market.
At the heart of the book is the concept of the "big short," which refers to a financial bet that something will go wrong in the market. In this case, the big short was made by a group of unconventional investors who saw that the housing market was built on a foundation of subprime mortgages, which were given to borrowers with poor credit. These investors believed that the housing market was going to collapse, and they placed bets against it by purchasing credit default swaps (CDS).
The book follows several key players in the big short, including hedge fund manager Michael Burry and investor Steve Eisman. Burry was one of the first to recognize the potential for a housing market crash, and he began purchasing CDS on mortgage-backed securities in 2005. Eisman, on the other hand, was initially skeptical of the housing market, but eventually came around to the idea that a crash was imminent.
As the housing market continued to boom, these investors faced a great deal of skepticism and ridicule from their peers. However, they were eventually proven right as the housing market did indeed collapse in 2007, leading to the financial crisis of 2008. The big short investors made billions of dollars as a result of their bets against the housing market.
The book is a fascinating and informative look at the events leading up to the financial crisis, and it serves as a cautionary tale about the dangers of financial speculation and the importance of critical thinking. It is a must-read for anyone interested in economics and finance.
What Is Logos? Definition and Examples of Logos in Literature
Looks rooted to the spot. Logos Definition What is logos? In a much subtler way, authors often try to make characters seem trustworthy and relatable to the audience. The first is extrinsic ethos. How to Use Ethos in Writing When used properly, an appeal to ethos can make your persuasive, creative, and expository writing more effective and interesting to readers. Even though he is credible in theory and has extrinsic ethos, he does not come across as credible.
What is Ethos? Definition, Examples of Ethos in Literature
He said: I may confess, however, that I do not feel quite like a fish out of water in a legislative assembly where English is spoken. In this speech, British Prime Minister Winston Churchill stresses the qualities and values he shares with the American public in order to establish ethos and present himself as more relatable to his audience. How to Pronounce Logos Here's how to pronounce logos: loh-gos Logos and Different Types of Proof While it's easy to spot a speaker using logos when he or she presents statistics or research results, numerical data is only one form that logos can take. In literature, writers use different ways to establish their ethos and make their stories believable. Logos in Political Speeches Politicians frequently use logos, often by citing statistics or examples, to persuade their listeners of the success or failure of policies, politicians, and ideologies.
Ethos Examples
Building a logical case can take time and effort, but understanding logos and being able to make effective logical appeals can elevate your writing and help engage your reader. It is frequently utilized in advertisement campaigns, political rhetoric, and even literature. However, moral judgments come into play when a woman enters the kill zone. I humbly do beseech you of your pardon For too much loving you…. Logos in Shakespeare's Othello In logos. For instance, if a politician lists the number of casualties in a war, or rattles off statistics relating to a national issue, these facts may well appeal to the audience's emotions as well as their intellect, thereby strengthening pathos as well as logos as elements in the speech.
Ethos: Definition, Examples & Difference
There is a lot more at stake than you see here in this image. When Chris tells the group in Chapter 3 that his friend Tom White Bear believes in ghosts, the narrator tries to explain that scientific principles only exist in our heads, and therefore are actually modern man's equivalent of ghosts: "Modern man has his ghosts and spirits too, you know. Here are seven examples of ethos in literature. For example, imagine that a politician with a lot of experience in environmental policy gives a speech about the importance of caring about climate change. It seems to me that law of gravity has passed every test of nonexistence there is.