Confidence Game by Christine S Richard

Regular price
Checking stock...
Regular price
Checking stock...
Summary

Confidence Game is a tale about the dangerous delusions that humbled the largest financial institutions and plunged countries into recession. Its heart is the story of how hedge fund manager Bill Ackman warned that MBIA Inc. , a little-known insurance company, had guaranteed nearly a trillion dollars of debt.

The feel-good place to buy books
  • Free US shipping over $15
  • Buying preloved emits 41% less CO2 than new
  • Millions of affordable books
  • Give your books a new home - sell them back to us!

Confidence Game by Christine S Richard

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 LC 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

Christine S. Richard has covered financial markets in Washington, Hong Kong, Singapore, and New York. Her work on the bond insurers received awards from the Society of American Business Editors and Writers, the Deadline Club, the Newswoman's Club of New York, the New York Press Club, the New York State Society of Certified Public Accountants, and the National Association of Real Estate Editors. Her articles were included in a series on the municipal bond market that was nominated by Bloomberg News in 2007 for the Pulitzer Prize. She lives in Frenchtown, New Jersey, with her husband and their daughter.
SKU Unavailable
ISBN 13 9781118010419
ISBN 10 1118010418
Title Confidence Game
Author Christine S Richard
Series Bloomberg
Condition Unavailable
Binding Type Paperback
Publisher John Wiley & Sons Inc
Year published 2011-03-29
Number of pages 352
Cover note Book picture is for illustrative purposes only, actual binding, cover or edition may vary.