Rating: Summary: "Den" of Inequity Review: In Den of Thieves, James Stewart gives us a gripping account of the insider trading ring that almost brought down Wall Street.As a student studying finance, I was told to read this book by my cousin who worked in the financial world. After I finished, I had a more realistic view of the intensity of Wall Street. This intense competition and desire for money drove some people over the edge. Such was the case for Michael Milken, Ivan Boesky, Terry Mulheren, and their cohorts. To a certain extent, these men were driven to cheat and steal by insatiable greed. You do not have to know much about the financial world to enjoy this fast paced thriller. The joy in this book is in the hunt. Once the SEC became aware of Milken's activities, they had to find a way to prove it and then had to take Milken down. Once Milken was taken out of his office in handcuffs and Rudy Guliani began to build his case, Milken's "associates" began to sing like canaries in the hope of cutting a deal with the government. I love reading books about criminals who get what is coming to them. Michael Milken and friends deserved every bit of jail time they got. This definitely a book about criminals getting what they deserved. James Stewart draws you in within the first 20 pages, from there I hope you have some spare time because you will not be able to put it down.
Rating: Summary: James B. Stewart, great journalist, suberb story teller! Review: An absolutely outstanding look at the '80s Wall Street culture and the inside operations of Michael R. Milken, Dennis B. Levine, Ivan F. Boesky, Martin Siegel... and many, many other players on Wall Street, including U.S. Attorney Rudolph Giuliani & the SEC investigations. Wall Street--Economic History worthy of reading. Other great, outstanding books on the subject: "A Licence to Steal: The untold story of Michael Milken and the conspiracy to bilk the nation." by Benjamin J. Stein; and also: "Ther Predators's Ball" by Connie Bruck. And because James B. Stewart is such an outstanding writer, I also read, which was a great book as well, written in story book fashion again: "Blood Sport: The President and his Adversaries" by James B. Stewart, a #1 New York Times Bestseller.
Rating: Summary: If you enjoy the investment world, this is for you! Review: This was one book that I could not put down. The book is broken into large sections, each dealing with a particular criminal and his corresponding activities. In-depth descriptions of what was going on behind the scenes at some of the most respected financial firms of the time--absolutely fascinating. If you were around in the 80's, and you work/participate in the investment industry, this should be required historical reading.
Rating: Summary: Reality Check for every decade. Review: I would like to begin by saying that it is amazing what kind of copious and exhaustive research has gone into the writing of this book. James Stewart weaves a story of greed, lies, betrayals, and human frailty. The books accounts for the most significant events on Wall Street thoughout the 19080s, detailing various schemes of insider trading and more devious manipulations of the market that can be hardly understood by people not in the invenstment field. Even today the ramifications of the acts of then household names such as Boesky, Siegel, and Milken cannot be fully realized. It is a book that would make people weep who lost everything in the wake of of "high yield" bond depreciation, and to caution others to take most things told to them by investment bankers, arbs, and other financial figures with a grain of salt. Many who read this book feel that Milken was unfairly treated and got the short end of the stick at sentencing time. However, I would argue that no one in the schemes outlined got anywhere near the punishment that they deserved. All of the criminals in this book, and criminals they were of greatest magnitude who stole from investors, their employees, and the American people untold sums, came out wealthy and little shaken by the experience. It is interesting to note that the book treats everyone kindly on some level other than Dennis Levine who is nothing but villiefied throughout the book as stupid, ineffectual, overweight and crass. I would highly recommend this book to anyone, but especially those who are thinking about going into the field of investment, businessmen, and people who want to know more about Wall Street in the 1980's, ...
Rating: Summary: Gripping and Accurate Review: Having re-read this book last week, it took me back to a time and a place I really didn't want to visit but found I should. Having been lured to Drexel, Burnham as a senior executive (from Morgan, Stanley in 1986) only weeks before the scandals hit -- and having witnessed the lava-roast at that firm -- it amazes me how Mr. Stewart was able to re-create events. Along with Predators' Ball, this book serves as an example of the power of quality investigative journalism. Filled with my own stories of similar dealings, I understand fully that his observations hit dead-center at the bullseye of the truth of that decade. One comment in the Epilogue struck me as almost sad. Mr. Stewart says, in the wake of these scandals: "Wall Street has given every sign of being severely chastened." Too bad that wasn't the case. Now myself a writer with somewhat less courage, perhaps, than Mr. Stewart (I've written about abuses/dangers on Wall Street, but write them as financial thrillers and opinion pieces -- it's safer, I think), I can only hope that with each scandal we get a little more honest, a little more chastened. Too bad I don't see that happening. Not yet, at least.
Rating: Summary: INCREDIBLE!!! Review: This book is amazing. I love reading financial and investing books and this one is just amazing. Its capitvating beginning to end. The way the author subtly explains very technical investing terms is awesome. I had know who the characters were but not the entire depth of their situations. This book tells all! I cant wait to read more of the authors work!
Rating: Summary: Must Read For Stock Traders amd Securities Lawyers Review: This book is not only entertaining but also instructive. It depicts the greed that lurks in the market and how otherwise normal people fall into committing white collar crime. It is a must read for everyone involved in securities and securities trading from the traders themselves to the lawyers.
Rating: Summary: Den of Thieves Review: This 29-week PW bestseller, a QPB main selection, tells of the rise and fall during the 1980s of the biggest insider trading ring in Wall Street history. Updated in paperback. Photos.
Rating: Summary: Journalistic Self-Promotion---Revisited Review: I read this book when it first came out in the early 90s, the summer before entering business school. At the time I thought, like many who had recommended the book, that it was a first rate piece of journalism based on sound, unbiased research. I have since learned that this book is nothing of the sort. In fact, it is a summary of one erroneous conclusion after another, based upon faulty, incorrect, hearsay 'evidence' and a wanton disregard for the truth. Moreover, I now believe that such poor authorship can mean only one thing--that Mr. Stewart was never out to reveal the truth, but instead, to make a name for himself.
Rating: Summary: Great business book Review: This book is great to see how history was made in the securities industry. Great portrayal of insider trading.
|