Confidence Game: How a Hedge Fund Manager Called Wall Street's Bluff - Couverture rigide

Richard, Christine

Couverture rigide

ISBN 10 : 1576603377 ISBN 13 : 9781576603376

Editeur : Bloomberg Press, 2009

A propos du livre

Quatrième de couverture :

The No–Loss Illusion

Confidence Game the inside story of how an investor made more than $1 billion betting against the flaws that toppled the financial system is a window into all that went wrong on Wall Street.

"Christine Richard′s Confidence Game is an insightful, timely, and fascinating high–speed drive into the often difficult–to–penetrate world of short sellers, with its particular focus on Bill Ackman and his campaign against monoline insurance giant MBIA."
Scott B. MacDonald, Senior Managing Director, Aladdin Capital LLC and coauthor of Separating Fools from Their Money

"How to head off the next crash? Listen to the dissidents now. Christine Richard′s deeply researched and deftly written account of Bill Ackman′s high–stakes struggle with a leading pillar of a now–collapsed system is the right book at the right time, and a mesmerizing read."
Dean Starkman, Editor of the Columbia Journalism Review business section

"Bill Ackman′s battle with MBIA will be remembered as one of the great epics of Wall Street history, and no one followed the story more closely than Christine Richard."
Bethany McLean, coauthor of The Smartest Guys in the Room

"Finally, a financial crisis book with a hero. It′s a compelling morality tale of how one man uncovered a massive fraud and then fought tenaciously to show the world he was right. Richard weaves the threads of complex financial shenanigans into a page–turning narrative. Ackman emerges as the Don Quixote of financial markets: you will root for him and a happy ending."
Frank Partnoy, author of F.I.A.S.C.O., Infectious Greed, and The Match King

"Confidence Game is a lesson for all investors on the value of independent and exhaustive research. It′s also a riveting story."
Todd Sullivan, creator of valueplays.net and a regular contributor to the Stocktwits blog network and Seeking Alpha

Présentation de l'éditeur :

An expose on the delusion, greed, and arrogance that led to America′s credit crisis

The collapse of America′s credit markets in 2008 is quite possibly the biggest financial disaster in U.S. history. Confidence Game: How a Hedge Fund Manager Called Wall Street′s Bluff is the story of Bill Ackman′s six–year campaign to warn that the $2.5 trillion bond insurance business was a catastrophe waiting to happen. Branded a fraud by the Wall Street Journal and New York Times, and investigated by Eliot Spitzer and the Securities and Exchange Commission, Ackman later made his investors more than $1 billion when bond insurers kicked off the collapse of the credit markets.

• Unravels the story of the credit crisis through an engaging and human drama
• Draws on unprecedented access to one of Wall Street′s best–known investors
• Shows how excessive leverage, dangerous financial models, and a blind reliance on triple–A credit ratings sent Wall Street careening toward disaster

Confidence Game is a real world "Emperor′s New Clothes," a tale of widespread delusion, and one dissenting voice in the era leading up to the worst financial disaster since the Great Depression.

À propos de cette édition

• Éditeur: Bloomberg Press
• Date d'édition: 2009
• ISBN 10: 1576603377
• ISBN 13: 9781576603376
• Reliure: Relié
• Nombre de pages: 240