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Funny Money | |||
Funny Money |
网友对Funny Money的评论
书还可以,就是印刷不好,物流慢
Great book.
Political wild action in banking as well as the oil patch during a turbulent time.. Accurate and telling.
Gift: Loved it!
Recently, a younger friend of mine read "Liar's Poker". I agreed that it is a great book, but also said that he should also read "Funny Money". While I agree that this is more entertaining than a treatise for MBA classes, the reality of the hilarious nature by which Singer portrayed the Apocalypse arriving was a strong format for what happened both a decade later, in the collapse of the Internet bubble, but then the very similar collapse of the home mortgage bubble. It helped me to better understand what likely was at play in those later collapses, and avoid them. Liar's Poker is more detective novel, unravelling a series of interlocking boxes, that happened to be related to the nature of the wager, but "Funny Money" is really about how the game is played that allows the collapse of financial systems to happen, regardless of the current stupid pyramid scheme's specific methods of destruction.
I'm sort of surprised that this hasn't been turned into a movie yet. It would be able to hold it's own against, "Wall Street."
So for all you MBA's who think you know how the world of business works, here's a primer on what they didn't teach you at business school. And it all starts with that basic premise, "it's not what you know, but who you know."
If you have read this far, just buy the book.
Mr Singer takes what should be a very dull project, the discussion of oil and loans and other economic issues, and makes it one of the most fun books I've read in a long time.
I don't know how he did it. It's uncanny. But this was an entertaining documentary. You wind up feeling that a bit more depth would help you understand, but in 2012 I can just google for such information (to be clear, this is about a situation from the mid 1980s that is only more relevant today than ever). In the 1980s, Penn backed an enormous volume of loans, much to energy exploration. The bank failed, and the taxpayer was left holding the bag. It couldn't be more relevant to today's financial issues.
You learn about the man behind the loans, the bank exec for a parent institution, and a major borrower, and their story unfolds. This is not an attack book, and it doesn't have to be to make you frustrated with how little we learned.
If you want a textbook on financial issues or the energy industry, this is not for you. This isn't a textbook... this is a storyteller presenting a relevant situation.
Entertainment with depth.
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