Rate this book

The Wizard Of Lies: Bernie Madoff And The Death Of Trust (2011)

by Diana B. Henriques(Favorite Author)

3.82 of 5 Votes: 2

ISBN

0805091343 (ISBN13: 9780805091342)

languge

English

genre

History & Biography

publisher

Times Books

review 1: I don’t know the first thing about the stock market, trading, the NASDAQ or a hedge fund from a stock option...hell, I have trouble balancing my cheque book! So why read this book on the Madoff Ponzi scheme? Well, besides being curious about how someone could swindle over a billion dollars from so many investors from all areas of the world, I wanted to learn more about the stock market, the crash of 2008 and the world of Wall Street. This book does not disappoint. There was way too much Wall Street lingo in this book for me to understand all the intricacies involved in trading but I still found it immensely satisfying and interesting. I do feel that I have a better understanding of what took place and how it didn’t just happen overnight...this swindle took decades to... more build up and crash! Henriques does a marvellous job of constructing the evolution of Bernie Madoff and his Ponzi scheme...believe me this is no small task! The research involved must have been tremendous since this man had been on Wall Street since the 60’s. I envy all those readers that do understand all the ins and outs of the trading world and feel they would find this book fascinating and a true financial thriller! It sure read like one!
review 2: I have read a fair number of these Wall Street books now, and as for the financial shenanigans behind the scandal, this one was pretty easy: a Ponzi scheme is so much more understandable than derivatives and credit default swaps.I am just amazed by his ability to pull this scheme off for twenty years or more--we still don't know when it started. How does one execute that level of fraud and function on a day-to-day basis without snapping? I was also very moved by the victims--not the millionaires and billionaires but the blue collar and middle-class janes and joes who lost it all. And I was also moved by his family: they didn't know, they really didn't, and overnight their lives were revealed as lies. It's a cold heart that doesn't comprehend the pathos of that. less

Download links for: The Wizard of Lies: Bernie Madoff and the Death of Trust

Advertising