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  Introduction to Intuition With Links 
  DFIN Top Featured Books  
  The Path to Greater Intuition  
Gary Lewis Evans, Keynote Speaker and Advisor
LinkedIn Bio; https://www.linkedin.com/in/garyevans/      GaryEvans@GMail.com
DFIN Home           

My Curated Books are an Excellent Way to
Share My Knowledge
Who is Recommending The Books?    LinkedIn Bio; https://www.linkedin.com/in/garyevans/

DFIN Top Featured Books 


#1  The Big Short -  Inside the Doomsday Machine
Why Did  So Many People Miss The Problems?
The Book is My All Time Favorite
As you read or listen to the book, or watch the movie, how would you have managed for the unknown Great Recession that was on the Horizon? The Book is a great lesson for all of us and the book is particularly well written.  A market collapse doesn't happen overnight, it can be a 10 to 15 year experience.  The Great Recession officially spanned about 18 months, officially running from December 2007 to June 2009, making it the longest economic downturn in the U.S. since the Great Depression. While reading this book imagine that you were in a decision making position and what you would have done.
 
Link to Purchase https://amzn.to/4aTeNHa   

By Michael Lewis, March 15, 2010   Available in many formats Book, Kindle and Video

I have watched the movie twice and I am currently reading the book for the third time.

Michael Lewis wrote the bestselling book The Big Short: Inside the Doomsday Machine.  The Book Published on March 15, 2010 by W. W. Norton & Company. The Movie Released in theaters in December 2015.

  Anyone looking to understand modern financial markets, risk management, or the psychological blind spots that fuel economic bubbles, the Big Short remains an essential, read. It acts as both an exceptional piece of financial journalism and an enduring cautionary tale about the dangers of complexity and greed. Ultimately, the TARP program distributed cash infusions to over 700 American banks.


AXOS Bank Built During The Build Up To The Great Recession

Michael Lewis brilliantly describes the buildup and aftermath of the great recession with a fascinating focus on Michael Burry, the eccentric hedge fund manager who founded Scion Capital. Following this review of AXOS is a timeline of the events we had to manage through. To this day I don’t understand why the vast majority of those that should have known better didn’t see the problem. AXOS was positioned perfectly and we prospered in the wake of the industry failure as I did in prior failures.

 BofI (AXOS) under my direction, pkus the CFO (Andrew J. Micheletti), and Chief Credit Officer (Patrick A Dunn) built a new bank with significant headwinds. We built with no problems and we were positioned perfectly to benefit from the oncoming industry carnage.

Unfortunately, the survival structure depressed earnings starting one year after our IPO in 2005 and that put pressure on the board from stockholders. Few people in America saw the future real estate problems that accelerated in late 2005. Its difficult for management of a public company when the industry is significantly outperforming a business. Then again, I can’t believe how so many people missed the problems.

Much of what is written in the book we had to guard against at our new digital bank. In fact Andy the CFO and I had a call with the largest home lender in America. I was explaining why we wouldn’t purchase a large pool of loans. His response was “ if you believe x, y, z is a problem we all have much bigger problems. My response was simple, you are correct, we all have much bigger problems.

Gregory Garrabrants started as Chief Executive Officer of BofI Holding, Inc. and the bank in October 2007, and he immediately saw the BofI opportunity from problem banks and wall street. He has built a good team, and they continue to do very well.

Key Dates During The Great Recession and The Growth of AXOS Bank

1. The Dot-Com Crash & 9/11 Shocks (2000–2001)

The Catalyst: Hyper-inflated valuations of internet startups collapsed, wiping out $5 trillion in market wealth.

The Shockwave: The September 11, 2001 terrorist attacks abruptly halted global travel, closed financial markets, and deeply damaged consumer confidence.

The Result: A mild eight-month US recession, prompting the Federal Reserve to slash interest rates to historic lows, which inadvertently laid the groundwork for the housing bubble.

2. The Subprime Mortgage Melt (Mid-2007)

The Catalyst: US housing prices peaked in 2006 and began falling, causing high-risk "subprime" mortgages to default at massive rates.

The Shockwave: In August 2007, a sudden "Quant Meltdown" hit Wall Street as mathematical trading models collapsed simultaneously, forcing major central banks to inject billions in emergency liquidity to keep cash flowing.

The Result: The official start of the Great Recession in December 2007.

3. The Global Financial System Collapse (September 2008)

The Catalyst: The bankruptcy of major investment bank Lehman Brothers and the government bailout of insurance giant AIG.

The Shockwave: Global credit markets froze entirely, meaning banks stopped lending money to each other out of panic over who held toxic housing debt.

The Result: The recession transformed from a standard downturn into a brutal global depression of economic activity, causing massive corporate layoffs and a global stock market crash.
#2  Blink: The Power of Thinking Without Thinking
This is Our Focus - DFIN Says Balance Ai With  Intuition
I have read most if not all books authored by Malcolm Gladwell, he is a great author and this book is on target

"Review - Blink: The Power of Thinking Without Thinking by Malcolm Gladwell is a fascinating, fast-paced exploration of intuition, rapid cognition, and the split-second decisions we make every day. First published in 2005, Gladwell's trademark storytelling style transforms complex psychological concepts into accessible narratives that challenge our preference for slow, deliberate analysis"

 
Link to Purchase =   Malcolm Gladwell Blink:-  https://amzn.to/4vQxx1r

Malcolm Gladwell Blink: The Power of Thinking Without Thinking (2005) is a "Canadian writer 's second book. It presents in popular science format research from psychology and behavioral economics on the adaptive unconscious: mental processes that work rapidly and automatically from relatively little information. It considers both the strengths of the adaptive unconscious, for instance in expert judgment, and its pitfalls, such as prejudice and stereotypes."







#3  Boomerang - Travels in the New Third World
Another Lesson - Learn to Watch For The Unuseual In Plane Sight

"Review - Michael Lewis discects the 2008 global financial crisis showing how different countries behaved when flooded with “a tsunami of cheap credit” between 2002 and 2008. The book is short, fast, and vivid, but also unsettling: Lewis argues that each nation’s crisis wasn’t just about bad finance — it was about national character laid bare.  

Lewis uses Iceland, Greece, Ireland, Germany, and California as case studies to show how easy money exposed cultural blind spots, fantasies, and self-destructive tendencies. The result is a darkly funny, deeply revealing portrait of the “New Third World.”

 Boomerang: Travels in the New Third World October 3, 2011 by W. W. Norton & Company. Michael Lewis    Link to Purchase  -  https://amzn.to/4wu1k10



The Result: The US recession transformed from a standard downturn into a brutal global depression of economic activity, causing massive corporate layoffs and a global stock market crash. Many European Countries are still trying to get back to normal.