{"product_id":"the-most-dangerous-trade-isbn-9781118505212","title":"The Most Dangerous Trade","description":"\u003cb\u003eHow short sellers profit from disasters that afflict individuals, markets, and nations\u003c\/b\u003e \u003cp\u003e\u003ci\u003eThe Most Dangerous Trade\u003c\/i\u003e serves up tales from the dark side of the world marketplace to reveal how traders profit from the failure and, often, the financial ruin of others. In this book Richard Teitelbaum profiles more than a dozen short sellers to reveal how they employ the tactics, strategies, and various styles to zero in on their target, get the needed financing, and see their investment through to its ultimate conclusion.\u003c\/p\u003e \u003cp\u003eThe short sellers profiled will include stories of both their successful investments as well as their disastrous ventures. The book will examine the different styles, strategies, and tactics utilized, looking at how each short seller researches his or her targets, obtains financing, puts on a trade, and sees the investment through to fruition—or failure. With the appeal of a well-written adventure novel, \u003ci\u003eThe Most Dangerous Trade\u003c\/i\u003e reveals how these investors seek publicity to help drive down a stock and shows the often bitter and controversial battles that ensue.\u003c\/p\u003e \u003cul\u003e \u003cli\u003eIncludes profiles of well-know short sellers such as Jim Chanos, Steve Eisman, Manuel Ascencio, Doug Kass, and many more\u003c\/li\u003e \u003cli\u003eDiscover how short sellers make the \"puts\" that make them billions\u003c\/li\u003e \u003cli\u003eUncover the short selling controversies that make headlines\u003c\/li\u003e \u003cli\u003eWritten by award-winning journalist Richard Teitelbaum\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eDiscover what motivates investors who wager against the stock market and how they often profit from the misery of others.\u003c\/p\u003e \u003cp\u003ePreface vii\u003c\/p\u003e \u003cp\u003eChapter 1 Ackman: The Activist Grandstander 1\u003c\/p\u003e \u003cp\u003eChapter 2 Asensio: Exile on Third Avenue 27\u003c\/p\u003e \u003cp\u003eChapter 3 Chanos: Connoisseur of Chaos 51\u003c\/p\u003e \u003cp\u003eChapter 4 Einhorn: Contrarian at the Gates 87\u003c\/p\u003e \u003cp\u003eChapter 5 Block: Playing the China Hand 125\u003c\/p\u003e \u003cp\u003eChapter 6 Fleckenstein: Strategies and Tactics 153\u003c\/p\u003e \u003cp\u003eChapter 7 Kass: Nader’s Raider Hits the Street 177\u003c\/p\u003e \u003cp\u003eChapter 8 Tice: Truth Squad Leader 203\u003c\/p\u003e \u003cp\u003eChapter 9 Pellegrini: Behind the Great Subprime Bet 227\u003c\/p\u003e \u003cp\u003eChapter 10 Cohodes: Force of Nature, Market Casualty 257\u003c\/p\u003e \u003cp\u003eAbout the Author 297\u003c\/p\u003e \u003cp\u003eIndex 299\u003c\/p\u003e \u003cp\u003e\u003ci\u003e“…a good guide to the red flags that the most successful short sellers look for in companies…..at its best it crackles with the fun of a private detective novel…”\u003c\/i\u003e (Financial Times, September 2015)\u003c\/p\u003e   \u003cp\u003e\u003cb\u003eRICHARD TEITELBAUM\u003c\/b\u003e is a contributing editor to \u003ci\u003eInstitutional Investor\u003c\/i\u003e magazine. He worked as a senior writer for \u003ci\u003eBloomberg News\u003c\/i\u003e, where he shared an award from the Society of Professional Journalists for investigative reporting; as an investing editor for the \u003ci\u003eNew York Times\u003c\/i\u003e; as a writer for \u003ci\u003eFortune\u003c\/i\u003e magazine; and as a traffic reporter in San Francisco.     \u003c\/p\u003e\u003cp\u003e\u003ci\u003eThe Most Dangerous Trade\u003c\/i\u003e serves up a range of fascinating tales from the underbelly of the global marketplace. Investigative journalist Richard Teitelbaum reveals how short sellers navigate the darker side of events—the miscalculations, fraud, and follies—that help them profit from the failure of individuals, companies, markets, and nations.  \u003c\/p\u003e\u003cp\u003eShort sellers are figures of intense controversy who some say operate at the fringe of accepted financial practices. Throughout \u003ci\u003eThe Most Dangerous Trade\u003c\/i\u003e, former \u003ci\u003eNew York Times\u003c\/i\u003e and \u003ci\u003eBloomberg News\u003c\/i\u003e journalist Richard Teitelbaum profiles more than a dozen short sellers—an assortment of loners, firebrands, cynics, liars, and losers—to reveal how their investments have made and lost them millions and even billions.  \u003c\/p\u003e\u003cp\u003eThe book is filled with stories of successful investments as well as disastrous ventures. \u003ci\u003eThe Most Dangerous Trade\u003c\/i\u003e examines the tactics of well-known short sellers such as: academic and hedge fund manager James Chanos, Herbalife short seller William Ackman, \"Demolition Man\" Manuel Asensio, and former harness horse racer Doug Kass. The author puts the spotlight on their different strategies, approaches, and various styles as they zero in on their targets, structure trades, and see their investments through to their ultimate conclusions.  \u003c\/p\u003e\u003cp\u003eWritten in a style and pace that could be easily mistaken for an adventure novel, \u003ci\u003eThe Most Dangerous Trade\u003c\/i\u003e shows how these investors seek publicity to help drive down a stock and details the often bitter and controversial battles that ensue.  \u003c\/p\u003e\u003cp\u003e\u003ci\u003eThe Most Dangerous Trade\u003c\/i\u003e chronicles the serious breakdowns—financial, regulatory, ethical, and structural—that accompany short-selling campaigns, and offers a look at what motivates investors who wager against the stock market.     \u003c\/p\u003e\u003cp\u003e\u003cb\u003eHOW SHORT SELLERS PROFIT FROM DISASTERS THAT AFFLICT COMPANIES, MARKETS, AND NATIONS\u003c\/b\u003e  \u003c\/p\u003e\u003cp\u003e\"\u003ci\u003eThe natural state of a collapsing universe is the breaking down of order. Short sellers understand this and seek to profit from it.\u003c\/i\u003e\"\u003cbr\u003e \u003cb\u003e—From the Preface\u003c\/b\u003e  \u003c\/p\u003e\u003cp\u003e\u003ci\u003eThe Most Dangerous Trade\u003c\/i\u003e puts high-profile short sellers under the microscope to examine their different investment styles, strategies, and tactics. Based on years of research (and hard-won interviews), award-winning journalist Richard Teitelbaum profiles more than a dozen short sellers including well-known investors such as James Chanos, William Ackman, Manuel Asensio, and Doug Kass. The author includes stories of both their winning investments as well as their financial missteps. The book shows how each short seller researches his or her targets, puts on a trade, and sees the investment through to riches—or failure.  \u003c\/p\u003e\u003cp\u003e\u003ci\u003eThe Most Dangerous Trade\u003c\/i\u003e offers up a cornucopia of short-selling tales, including the greatest short sellers, the most notable trades, and roiling controversies.\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47990290907365,"sku":"NP9781118505212","price":45.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9781118505212.jpg?v=1761787224","url":"https:\/\/k12savings.com\/es\/products\/the-most-dangerous-trade-isbn-9781118505212","provider":"K12savings","version":"1.0","type":"link"}