By Richard Teitelbaum
How brief benefit from mess ups that afflict members, markets, and nations
The most threatening Trade serves up stories from the darkish facet of the realm industry to bare how investors take advantage of the failure and, usually, the bankruptcy of others. during this e-book Richard Teitelbaum profiles greater than a dozen brief to bare how they hire the strategies, innovations, and numerous kinds to 0 in on their objective, get the wanted financing, and spot their funding via to its final conclusion.
The brief profiled will contain tales of either their winning investments in addition to their disastrous ventures. The ebook will study the several kinds, recommendations, and strategies applied, how every one brief vendor researches his or her ambitions, obtains financing, places on a alternate, and sees the funding via to fruition—or failure. With the allure of a well-written experience novel, The most threatening Trade finds how those traders search exposure to aid force down a inventory and exhibits the customarily sour and arguable battles that occur.
• contains profiles of well-know brief dealers corresponding to Jim Chanos, Steve Eisman, Manuel Ascencio, Doug Kass, and lots of more
• observe how brief make the "puts" that lead them to billions
• discover the fast promoting controversies that make headlines
• Written by way of award-winning journalist Richard Teitelbaum
Discover what motivates traders who bet opposed to the inventory industry and the way they typically take advantage of the distress of others.
Read or Download The Most Dangerous Trade: How Short Sellers Uncover Fraud, Keep Markets Honest, and Make and Lose Billions PDF
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Additional info for The Most Dangerous Trade: How Short Sellers Uncover Fraud, Keep Markets Honest, and Make and Lose Billions
Sample text
He pulls no punches. , who made more than $7 billion in the sub-prime collapse of 2008 and other prominent managers. Even today, fans include Leon Cooperman of hedge fund Omega Advisors. “When he gets into something he’s really obsessive,” says Cooperman, who has knows Asensio socially and does not invest with him. ” Asensio won’t disclose current or former clients. , a Milwaukee-based meat distributor that was, on the cusp of the Internet bubble, trumpeting a new phone switch design that it claimed had revolutionary features demanded by Internet service providers.
Asensio privately reached a settlement with Evergreen in April 2007. 50. “I offer Evergreen my best wishes,” Asensio said in a statement at the time. Today, Asensio won’t disclose the terms of the settlement. Evergreen CEO Mark Sexton was fired the next month, and the company filed for bankruptcy liquidation in January 2012, its K-Fuel dreams up in smoke. PolyMedica’s reputation was already in tatters by the time Asensio & Company issued its first research report on the Woburn, Massachusetts company in October 2001.
In 1986, Carter and colleagues had conducted a study on 10 patients with AIDS or similar diagnoses and published the encouraging results in the Lancet, the prestigious British medical journal. Based largely on that study, DuPont invested $30 million into Hemsipherx’s predecessor 42 THE MOST DANGEROUS TRADE company, HEB Research, to gauge its efficacy in treating HIV. When DuPont tried and failed to reproduce Carter’s results, it accused him of falsifying research and sued to recover its investment, eventually settling the case.
