Summary of Den of Thieves

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Den of Thieves book summary
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Rating

10 Overall

8 Innovation

10 Style

Recommendation

This classic account of insider trading during the greed decade remains as riveting today as the day it was published. Prize-winning journalist James B. Stewart manages to turn an account of the arcane market manipulation that led to the 1987 crash into a page-turner with all the suspense of a detective novel. And while the main villains here - Michael Milken and Ivan Boesky - have faded off the public radar, their philosophical descendants at Enron, Tyco and Adelphia remind investors that greed and market manipulation will never go out of style. Stewart’s richly detailed book is must reading for those who trust their careers or their savings to the markets. getAbstract.com recommends this withering account of over-the-top greed to anyone who works or invests on Wall Street.

In this summary, you will learn

  • How the financial crimes rampant in the 1980s unraveled;
  • How arbitrageur Ivan Boesky used illegal information; and
  • How junk-bond king Michael Milken controlled the capital markets.
 

About the Author

Pulitzer Prize-winning journalist James B. Stewart was front-page editor of The Wall Street Journal when this book was published. He’s now a columnist for SmartMoney magazine. His other books include DisneyWar, Heart of a Soldier, The Prosecutors and The Partners.

 

Summary

Merger Mania and a Frenzy of Greed
The spasm of greed, insider trading and market manipulation that gripped Wall Street in the 1980s generated some of the biggest financial crimes ever committed. What was the most shocking element of the scandals? Was it their sheer size? For instance, ...

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By the same author

  • Book
     

    James B. Stewart

    Simon & Schuster, 2005

    (7)

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