Dear Mr. Buffett (eBook)

What an Investor Learns 1,269 Miles from Wall Street

Janet M. Tavakoli (Autor)

eBook Download: PDF | EPUB

2008 | 1. Auflage
304 Seiten
John Wiley & Sons (Verlag)
978-0-470-44272-2 (ISBN)

Infos

Janet Tavakoli takes you into the world of Warren Buffett by way of the recent mortgage meltdown. In correspondence and discussion with him over 2 years, they both saw the writing on the wall, made clear by the implosion of Bear Stearns. Tavakoli, in clear and engaging prose, explains how the credit mess happened beginning with the mortgage lending Ponzi schemes funded by investment banks, the Fed bailout and its impact on the dollar. Through her narrative, we hear from Warren Buffett and learn how his enduring principles caused him to see the mess that was coming well in advance and kept him and his investors well out of the way.

Autor

Janet M. Tavakoli is the President of Tavakoli Structured Finance, a consulting firm to financial institutions, institutional investors, and hedge funds. She is frequently quoted in the business press, including the Wall Street Journal, the Financial Times, the New York Times, and was noted as "The Cassandra of Credit Derivatives" by BusinessWeek, identifying the impending crisis years before others. She has appeared on CNN, CNBC, CBS Evening News, Bloomberg TV, First Business Morning News, Fox News, Fox Business News, ABC, BBC, and 60 Minutes. Ms. Tavakoli is the author of several professional finance volumes, and was an adjunct associate professor at the University of Chicago's Graduate School of Business, where she taught derivatives.

Inhalt

Preface ix

Acknowledgments xv

Chapter 1: An Unanswered Invitation 1

Chapter 2: Lunch with Warren 9

Chapter 3: The Prairie Princes versus the Princes of Darkness
31

Chapter 4: The Insatiable Curiosity to Know Nothing Worth
Knowing (Oscar Wilde Was Right) 41

Chapter 5: MAD Mortgages--The "Great" Against
the Powerless 67

Chapter 6: Shell Games (Beware of Geeks Bearing Grifts) 97

Chapter 7: Financial Astrology--AAA Falling Stars 107

Chapter 8: Bear Market (I'd Like a Review of the Bidding)
123

Chapter 9: Dead Man's Curve 143

Chapter 10: Bazooka Hank and Dread Reckoning (AIG, Fannie,
Freddie, Lehman, Merrill, and Other Fluid Situations) 163

Chapter 11: Bond Insurance Burns Main Street 179

Chapter 12: Money, Money, Money (Warren and Washington) 191

Chapter 13: The Fogs of War, Religion, and Politics 209

Chapter 14: Finding Value 219

Notes 225

Bibliography 259

Index 267

Rezensionen

'Dear Mr Buffett' is, like its author, strongly, often harshly, and, more than rarely, tartly, opinionated. The attitude is, however, well-supported by the facts; should anyone ever display the slightest interest in criminalizing the criminals who led us down this path, a prosecutor could do worse than ordering up copies for the grand jury.

One thing the world is not going to run out any time soon is books on subprime credit-turned-global financial meltdown. But it's doubtful that many, or any, will so closely match the ripping yarn of financial upset with concepts that any -- and perhaps every -- investor can apply to their own financial security. This book was already at the printer when the Madoff Maelstrom broke, but it's highly doubtful that anybody who absorbs the message of 'Dear Mr Buffett' will ever need confront that kind of mayhem.-- "Seeking Alpha, Greg Newton"

Produkt-Details

• Erscheint lt. Verlag: 6.1.2009
• Sprache: englisch
• Themenwelt: Wirtschaft ► Betriebswirtschaft / Management ► Finanzierung
• Themenwelt: Wirtschaft ► Volkswirtschaftslehre ► Finanzwissenschaft
• Schlagworte: Finance & Investments • Finanz- u. Anlagewesen • Investments & Securities • Kapitalanlage • Kapitalanlagen u. Wertpapiere
• ISBN-10: 0-470-44272-7 / 0470442727
• ISBN-13: 978-0-470-44272-2 / 9780470442722