The seven sins of wall streetjs pdf
Real good easy to read and funny in that NY snark sort of way 304 With many of the points cloaked in sarcasm it was hard to determine which explanations were meant to be fact or trying to show quick wit If less sarcasm were used this book would be worth adding to anyone s collection on the 2008 financial crash 304 If I could give this book three and a half stars I would. The seven sins of wall streetl la I would have liked to have seen prescription for the future especially considering the subtitle of the book What I got was a reverse shout out A wall of shame if you will This book contains seven miniature stories pitting David against Goliath surrounded by a prologue and a very brief epilogue It was an entertaining read but I felt robbed of substance when I closed the cover 304 Very readable all in layman s language comparatively brief 304 
We can either have democracy in this country or great wealth concentrated in the hands of the few but we can t have both Louis Brandeis The Seven Sins are pretty much what they are in the Bible Greed Envy Anger Lust Gluttony Pride excessive Secrecy Complexity Impunity Regulatory Capture when regulators identify with those they re supposed to regulate than those they are supposed to defend the mighty making war on the meek even though the meek are supposed to inherit the earth someday Hey that s ten Which one is your favorite It s so comforting to know that after the Great Recession with all of the Senate subcommittee hearings billions of TARP dollars etc. The seven sins of wall streetk kkk taxpayers can be assured they will bailout the Too Big To Fail banks when the inevitable next financial crisis hits Also be assured those who are too small to fail will Subprime Mortgages Derivatives The Fed Credit Default Swaps etc It s all here not for the feint of heart or those who are quick to anger which is a sin Hey the real power is wielded by the one tenth of the 1% 304 I m not sure I fully get the 7 sins metaphors used here or how the applicable sins apply to the given chapters but the book in general was still a good read overall The author definitely presupposes some degree of knowledge here but it still does a decent job explaining most of the complex issues You can tell this is written by a journalist in that much of the book unfolds like a story rather than an abstract discussion with concrete real life examples weaved in with higher a level analysis No punches are pulled here and at times it can be sobering and depressing but the original reporting and research done makes it worth the read 304 Heads I win tail you lose. The seven sins of wall streetjs pdf After reading Michael Lewis The Big Short I purchased Seven Sins of Wall Street with the expectation that it would add to my prior knowledge of the 2007 2008 financial crisis To my pleasant surprise the book is not an ad nauseam commentary on the events leading up to the crisis the book is of a post mortem analysis of the financial crisis The happenings immediately succeeding the crisis are emblematic of a moral hazard of big banks that know that they are too big to fail and of senior executives that are too big to jail The author has done a valiant job of explaining esoteric banking and financial concepts in laity language with admirable prose and humour He explains the facade of the Dodd Frank Act and how its intended objective to cure the Too Big To Fail phenomenon has merely been expressed euphemistically as Systemically Important Financial Institutions He also tells of how the financial crisis besets us with a new Gilded Age where taxpayers subsidise banking behemoths A worthy read 304 I originally decided to read this book because I like reading books on making money and wall street is the symbol of American finance What the book has most impressed me so far is that it gives a lot of insight on Wall Street Despite all the corruption madness illegal activities there has never been a shortage of people that wants to work on Wall Street We live in a capitalist system the book explained Greed is good has always been the motif of bankers This book explains Wall Street s style of making money and it is really different from how Warren Buffett does it Warren Buffett makes his money the good clean and honest way Investing in businesses and big brands Wall Street has a lot of money crazed kids who are around the ages of 22 right after they graduate from college They have stock fraud manipulation threatening investors insider trading and tons of others Firms like Goldman Sachs are starting to have money than God. Book the seven sins of wall street pdf Hedge fund and mutual fund managers are the top one hundredth of the 1% We all know what happened in 2008 the financial system as we know it nearly collapsed If Wall Street keep their cardinal sins going we might be looking at the end p 134 Bob Ivry Excessive pride is the main sin If you believe all of your success is due to your genius and the government should do whatever you want and that the customers don t deserve shit all of the other sins are going to be fall into place p. The seven sins of wall street book pdf 167 Ivry All the power and money in America is centralized in Wall Street and Washington They are like two tigers in a mountain and trying to decide who is the king of the jungle All of the Wall Streeters stare at stocks all day and not one of them is as rich as Warren Buffett The overall significance of this book is that it taught me to avoid the sins of Wall Street and do things like how Warren Buffett does it 304 I would give this 3. The seven sins of wall streetkers What I appreciated in the book was the angles and research underlying it Undoubtedly it takes time to pull all the sources together but Mr Ivry also succeeded in blending the bigger picture with some of the individual stories He managed to tell the often told Global Financial Crisis story with both a look to the past and to the future with a focus on the regulation that developed in between. The seven sins of wall street book download The book is a bit preachy in parts and while I appreciate sarcasm as much as the next guy the causticity felt a little over the top at times Other sections felt like they rambled on too much and were not very well explained. The seven sins of wall street book free Overall I would recommend The Seven Sins of Wall Street 304
We all know that the financial crisis of 2008 came dangerously close to pushing the United States and the world into a depression rivaling that of the 1930s But what is astonishing and should make us not just afraid but very afraid are the shenanigans of the biggest banks since the crisis Bob Ivry passionately eloquently and convincingly details the operatic ineptitude of America s best compensated executives and the ways the government kowtows to what it mistakenly imagines is their competence and success Ivry shows that the only thing that has changed since the meltdown is how too big to fail banks and their fellow travelers in Washington have nudged us ever closer to an even bigger economic calamity Informed by deep reporting from New York Washington and the heartland The Seven Sins of Wall Street like no other book shows how we re all affected by the financial industry s inhumanity The transgressions of Wall Street titans and masters of the universe are paid for by real people In fierce plain English Ivry indicts a financial industry that continues to work for the few at the expense of the rest of us Problems that financiers deemed too complicated to be understood by ordinary folks are shown by Ivry to be financial legerdemain a smokescreen of complexity and jargon that hide the bankers nefarious activities.
The seven sins of wall street book pdf free The Seven Sins of Wall Street is irreverent and timely an infuriating black comedy The Great Depression of the 1930s moved the American political system to real reform that kept the finance industry in check With millions so deeply affected since the crisis of 2008 you ll finish this book asking yourself how it is that so many of the nation s leading financial institutions remain such exasperating problem children The Seven Sins of Wall Street Big Banks their Washington Lackeys and the Next Financial Crisis.:
The seven sins of wall street ebook read online 5 stars Overall it was a good read but I have to admit that Bob Ivry lost me at times
