Confidence Game How Hedge Fund Manager Bill Ackman Called Wall Street's Bluff, by Richard, Christine S.
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- ISBN: 9780470648278 | 0470648279
- Cover: Hardcover
- Copyright: 4/26/2010
The No-Loss IllusionConfidence 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 andcoauthor 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 contributorto the Stocktwits blog network and Seeking Alpha