Vanity Fair has an extended excerpt from Michael Lewis’ new book about the few who bet against the subprime mortgage market and won: The Big Short. It looks, like all of Lewis’ books that I have read, to be very, very good.

I love articles that agree with my opinions: [H]ousing is not an investment. It’s shelter. That is all housing has ever been. To clarify a bit, since Seth called me on this: Don’t buy a house as an investment. Buy a house because you want to own a house.