Confidence Game: How Hedge Fund Manager Bill Ackman Called Wall Street's Bluff

  • by Christine S. Richard
  • Narrated by Caroline Shaffer
  • 13 hrs and 30 mins
  • Unabridged Audiobook

Publisher's Summary

An exposé on the delusion, greed, and arrogance that led to America's credit crisis.
The collapse of America's credit markets in 2008 is quite possibly the biggest financial disaster in U.S. history. Confidence Game: How a Hedge Fund Manager Called Wall Street's Bluff is the story of Bill Ackman's six-year campaign to warn that the $2.5 trillion bond insurance business was a catastrophe waiting to happen. Branded a fraud by the Wall Street Journal and New York Times, and investigated by Eliot Spitzer and the Securities and Exchange Commission, Ackman later made his investors more than $1 billion when bond insurers kicked off the collapse of the credit markets.


Unravels the story of the credit crisis through an engaging and human drama
Draws on unprecedented access to one of Wall Street's best-known investors
Shows how excessive leverage, dangerous financial models, and a blind reliance on triple-A credit ratings sent Wall Street careening toward disaster

Confidence Game is a real world "Emperor's New Clothes", a tale of widespread delusion, and one dissenting voice in the era leading up to the worst financial disaster since the Great Depression.

More

See More Like This

Customer Reviews

Most Helpful

Great book, greaty story, awful narration

Would you listen to Confidence Game: How Hedge Fund Manager Bill Ackman Called Wall Street's Bluff again? Why?

Wouldn't listen to it again, but it was a good book and worth hearing once.


What was the most compelling aspect of this narrative?

Love the detail the author goes into and doesn't have a problem with calling out the analysts that got it wrong.


What didn’t you like about Caroline Shaffer’s performance?

Narration was awful, nobody helped the narrator properly pronounce financial terms. Have worked over 15 years in the investment industry and nobody pronounces a BBB bond as "Bee Bee Bee", people say "triple B". Also a "Tranche" is pronounced "Tron-ch" not "tran-ch". However, she did do a very overly stylized "filet mignon" which lets me know she has the ability to say french words correctly so a little confused on why she couldn't say "tranche". I know this sounds petty but for the amount of times she says "bee bee bee" i thought my ears were going to start bleeding.


Did you have an extreme reaction to this book? Did it make you laugh or cry?

Made me cry every time the narrator said bee bee bee.


Read full review

- B Franklin

Great Book About shorting and depth of research

Would you listen to Confidence Game: How Hedge Fund Manager Bill Ackman Called Wall Street's Bluff again? Why?

Yes, I listened to the entire book and it was very interesting.


What other book might you compare Confidence Game: How Hedge Fund Manager Bill Ackman Called Wall Street's Bluff to and why?

fooling some of the people all of the time.


Have you listened to any of Caroline Shaffer’s other performances before? How does this one compare?

no


Was there a moment in the book that particularly moved you?

The entire book is very interesting if you like the financial markets and if you are interested also in the personalities of these powerful hedge fund managers and CEO's


Any additional comments?

Great book if you are interested in these topics of financial markets.

Read full review

- Dr. Jose Lopez

Book Details

  • Release Date: 07-04-2012
  • Publisher: Audible Studios