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For those who fancy tales of corporate fraud, dodgy accounting, international permutations of same, PR manipulators, foibles of regulators, weird judges, and such, this one goes to the top of the stack. The author, though an attorney, has a light nimble step of intelligence, great nimbleness and ease with words, ready humor, and is a great explainer of fairly complex things in plain English with relentless puckishness. I found myself smiling incessantly, and repeatedly laughing out loud. The reader was well-cast, matching his effervescently amused tone with the content. Being in legal and teaching fields, I admire this presentation and content.
7 of 7 people found this review helpful
This book was great if you are an investment banker or securities attorney. I guess if you are a sophisticated investor it would also be of interest. Sauer gives a good explanation of short-selling hedge funds and gives the best defense of short sellers that I have ever heard: that short sellers create a self-regulating environment for the markets.
I was always curious about what exactly happened with Overstock and the CEO's crusade against short sellers. This book went into extraordinary detail on the whole affair. It also gave me insight as to the realities of an investigation by the SEC and the internal processes and politics that occur in the SEC.
I thought this book was exciting and intellectually engaging. Usually I listen to books at 1.5-2.0 speed. This book was way too complicated to do that. That's not to say that it wasn't well-written. Sauer explains complicated ideas in a relatively simple and readable format, but it's not a light read.
3 of 3 people found this review helpful