PDF Dont Blame the Shorts
Simple Numbers, Straight Talk, Big Profits!: 4 Keys to Unlock Your Business Potential eAn blast short sellers we should praise them forxposing management methane
The Story May Be story may be but Sloan s asy and informative writing makes for a thoroughly worthwhile updateBarron s It s ok The book is a little bit disjointed Yet it drives home the point that in search for scapegoats in the financial
MARKETS THE SHORTS ARE ALWAYS A TARGET IN FACT the shorts are always a target In fact and practice show the net benefit to short selling in the financial systems Any witch hunts constrict the uity and ultimately the credit markets Don t Blame the Shorts refers uite a bit to the crash of 1929 and the subseuent fallout I would suggest to read The Great Crash of 1929 by John Kenneth Galbraith for a much better account One nugget in this book is the description of prime brokers and how lucrative that business remains for investment banks p 88 94 The money manager rents the operating system from the prime broker and the prime broker uses its position as a custodian to do the same thing as a bank does take in deposits of cash and collateral and make a higher spread on relending of its deposit base The business of prime brokerage is still one of the few businesses in which big Wall Street firms will not disclose the money they make It is that curative It is one of the highest margin businesses on Wall Stree. Back story to the views of contemporary market regulators ABA Banking JournalAbout the Book On the 80th anniversary of the Crash of 1929 we find ourselves peering backwards through a virtual looking glass to a time when global markets were in free fall and venerable financial institutions were in tatters Yet here in the present these same patterns seem to repeat causing cable newsers Congressmen and *commoners alike to scream the same refrain blame *alike to scream the same refrain Blame short sellersCertainly short sellers make convenient villains; for one thing they win only when others lose But in Don't Blame the Shorts Bob Sloan taps into a 200 year old American debate to convincingly and Humanism emphatically argue that short selling is not what ails ouruities trading markets but what keeps them honest To Sloan short sellers' objectives are simple find overvalued securities and bet against overconfident investors It's an approach that uncovered widespread fraud at Enron WorldCom HealthSouth and other failed outfits long before regulators Smokin' Hot ever set foot in the doorTaking the long view of history Sloan unearths the deep roots of the conflict over speculative investing and its role in ourconomy It's a debate that oftentimes puts titans of American history and finance on opposite sides of the divide Jefferson and Hamilton over the fundamental nature of America's conomic systems; a century later JP Morgan and William Rockefeller the brother of John D Rockefeller who was thought to be part of a cabal of short sellers that brought the country to its financial knees Further Sloan reintroduces us to the likes of Ferdinand Pecora the federal prosecutor whose investigations in the arly 1930s revealed a wide range of abusive practices of banks and led to the creation of vital legislation including the Glass Steagall Act Don't Blame the Shorts is an ye opening account that overturns conventional wisdom about short selling and the vital systemic and symbolic role it plays in making financial markets less opaue accountable and therefore stronge. This book is ssentially a commentary on historical accounts that have led to shorts being portrayed in a negative manner It is definitely not a must read for students observers and participants in the capital market system as the book may suggest The knowledge that stems from the book is trivial at best and can only be utilized in a jeopardy style trivia game on financial markets On the positive side the book is written in an interesting and thought out manner As trivial as the book is some tidbits are interesting in itself to keep the reader ntertained I would like to see better connections tied into the book from chapter to chapter which covers different time periods The book does assume knowledge of the financial markets so this is not to be read by a beginner This book makes some great points but it should have been reduced to the size of a magazine article Instead the author keeps going on an on repeating himself over and over The ratio of useful information to number of pages is minuscule Don t waste your time Before i read this book i admit that i had bias about short sellers I thought they are pure profiting from the differences on shocks prices they borrow and sell I thought they are immoral With this book I actually have different angle and neutral way to see. Listed in Bloomberg's TOP 50 BUSINESS BOOKS OF 2010 and shortlisted for Spear's FINANCIAL
HISTORY OF THE YEAR AWARD Robert Sloan works in the hedge fund industry As he shows in this readable polemic dislike OF THE YEAR AWARD Robert Sloan works in the hedge fund industry As he shows in this readable polemic dislike shorting has a long history Someone has to point out when the mperor has no clothes The shorts were among the biggest skeptics of the subprime mortgage boom and of the banks that financed it And when they were proved right their activities were banned Gratitude huh The Economist If Robert Sloan manages to go *THE DISTANCE IN DON'T BLAME THE *distance in Don't Blame the it is because his book is as much about historical tensions between Washington and Wall Street as the practice of short selling He puts it all in the context of the opposing views of the federalist Alexander Hamilton who was pro speculation and Jeffersonian republicans who were pro agriculture and convinced that making money from money was nonsense His book is a useful corrective to the view of short selling as 'unpatriotic' or uniuely antisocial it is a brave act to take on anti finance populists at this time Financial Times In this knowing book about the business of short selling stocks financier Robert Sloan gives a modern day lesson on why we shouldn't shoot the messenger Rather than blast short sellers we should praise them for Wanton Nights exposing management methane The story may be old but Sloan'sasy and informative writing makes for a thoroughly worthwhile update Barron's Bob Sloan a Wall Street veteran cites the confrontation in his new book Don't Blame the Shorts as While My Soldier Serves evidence that blind fury from politicians and unrepentant shrugs from bankers are far from new As the title suggests Sloan's main thrust is to defend the practice of short selling Today Sloan says the very same battle of ideas is being played out in America this is just the latest bitterxpression of the constant tension between a moneyed ast coast financial lite and the manufacturers mom and pop shops and the scrappy ntrepreneurs who bitterly resent the power of Wall Street but do. Short sellersThe only concern is the one who lends the stocks to short sellers might not ven get the consent from their customers real stock owners though they would give back later still it seems a bit like they don t have the permissionSo like what the uotes below i do have a bit different feeling about them and hope they can really *play the right balls not purely thinking about profits After all in real state when the price speculation goes *the right balls not purely thinking about profits After all in real state when the price speculation goes high we can not have such short sellers to stop this speculation in stock market at least certain short selling on specific stocks could actually already reduce the risk of globally collapse We should not point at the short sellers instead when the financial crisis of 2008 happened we all know what is the causes The whole Subprime mortgage crisis was caused by predatory lending rating agencies gave the CDO 3A To Sloan short sellers objectives are simple find
#Overvalued Securities And Bet #securities and bet overconfident investors It s an approach that uncovered widespread fraud at Enron WorldCom HealthSouth and other failed outfits long before regulators ver set foot in the doorIn this knowing book about the business of short selling stocks financier Robert Sloan gives a modern day lesson on why we shouldn t shoot the messenger Rather th. N't want the cash taps to be turned off The Observer Timely concise accessible to the lay reader and with a decorously polemical dge it is both revealing and பொன்னியின் செல்வன் - புது வெள்ளம் entertaining No matter what the politicians do the markets will find a way to challenge the finaglers and the optimists who sustain them Like the poor the shorts will always be with us Spear's Post crisis reading best books on the financial crisis and its aftermath While other authors point accusing fingers in his book Don't Blame the Shorts Robert Sloan leaps to the defense of short sellers who as he describes have been long scapegoated for market crashes and are once again in the wake of the recent crisis The Dutch East India Company was blaming its troubles on them as far back as 1609 EconomistcomThis book is a rare treat Unlike most books about Wall Street it is written from a perspective sympathetic to the banking and securities industries Better still Bob Sloan is not only a practitioner and market participant himself but one with a fine sense of history Sloan rightly describes prime brokerage as 'the largest most unnoticed banking system in the word' Global Custodian Short and to the point and very well researched As we are living in anra of history repeating itself Mr Sloan depicts the negative market psychology that has transcended Wall Street since the birth of our nation InstablogSloan's recent bookprovides an The Return of the Carter Boys: The Carter Boys 2 excellent survey of the shorting debate Sloan recounts how a succession of US government agencies havenacted rules over the decades to restrain short sellers usually in the aftermath of financial crises such as the one we have just A Meditation on Murder endured Sloan believes those rules have always had counterproductive results Sloan's book is a smooth read mainly because he has done his homework and has lots ofntertaining scoundrels and inept politicians to write about Sloan's work provides a real service to market regulators and practitioners alike With a deft uill he xposes the futility of government regulation while offering a useful. .