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the predators' ball

the predators' ball

I recommend 'barbarians at the gate' which covers the same period and much of the same subject matter instead. A classic. Milken is a true character with vision, arrogance, and secrecy much like Steve Jobs, as "Think Different" could describe Milken equally well. Read 6 reviews from the world's largest community for readers. Apply market research to generate audience insights. Makes for a weird ending in my opinion. 7 Reviews. At his mother's urging he attended medical school but hated it and dropped out after two years and joined the Army. And no one truly got what they deserved. He invented such things as "the highly confident letter" (I'm highly confident that I can raise the money you need to buy company X) and "the blind pool" (Here's a billion dollars: let us help you buy a company), and he financed the biggest corporate raiders--men like Carl Icahn. The Predators’ Ball dramatically captures American business history in the making, uncovering the philosophy of greed that has dominated Wall Street in the 1980s. Used by arrangement with Penguin Group (USA), Inc. www.penguin.com (1-800-253 … Create a personalised ads profile. As the tale of one person's empire building, innovating whole new realms while also transgressing ethical and legal norms, this text has a great deal in common with Robert Caro's The Power Broker. This is one of the more important stories to understand in light of today's issues. Carl Icahn grew up in Queens, New York City and went to Princeton to study philosophy. Participants at the Predator's Ball included private equity investors and corporate raiders such as Ron Perelman and Carl Icahn. The same year the book was published, the Securities and Exchange Commission charged Milken and Drexel Burnham Lambert with insider trading and stock fraud in 1988. It jumps and also seems very terse without the modern story telling in business stories of this type. Report. Selling these low-rated bonds, he explained, was more like selling stocks than it was like selling high-grade bonds. Publisher. by. In many ways interesting and grabbing, somewhat of a financial thriller stuff for those really interested in these topics. This book is a probing look at the mechanics of Michael Milken's seizure of power in corporate finance. Bruck, Connie. The Predators' Ball : the junk-bond raiders and the man who staked them. Often credited with developing the junk bond market, Michael Milken also engaged in practices that led to his arrest. If a bond was rated triple A by a rating agency, institutions bought them based on that rating—not on the salesman’s pitch about the company. No matter how much research you have done regarding a particular stock, you don’t have a contract as to what the future price will be. Penguin Books, 1989 - Biography & Autobiography - 399 pages. As the tale of one person's empire building, innovating whole new realms while also transgressing ethical and legal norms, this text has a great deal in common with Robert Caro's The Power Broker. The testosterone-heavy affair, where hostile takeover deals were often hatched over cigars, earned the nickname The Predators’ Ball. The term "predators' ball" became the title of a book about the rise of junk bond trading and the fall of Drexel and Michael Milken. From bestselling author Connie Bruck, The Predators’ Ball dramatically captures American business history in the making, uncovering the philosophy of greed that dominated Wall Street in the 1980s. During the 1980s, Michael Milken at Drexel Burnham Lambert was the Billionaire Junk Bond King. As a matter of fact, the numbers suggest that... During the 1980s, Michael Milken at Drexel Burnham Lambert was the Billionaire Junk Bond King. Actively scan device characteristics for identification. The ball also attracted institutional investors in high-yield bonds and management teams from companies that either had been or would be the targets of leveraged buyouts. It happened in the 1980s too. Connie Bruck's The Predators' Ball: Carl Icahn . There are also parties and meals. Milken might be a crook, but you can't help but also admire his genius. Measure content performance. In Mai at the Predators' Ball, Marie-Claire Blais, literary legend and four-time winner of the Governor General's Literary Award for Fiction, offers a mesmerizing and unforgettable portrait of imaginary beings who seem to embrace the whole of humanity. It is formally known as the Drexel High Yield Bond Conference and is usually held at the posh Beverly Hilton Hotel. The Predators' Ball dramatically captures American business history in the making, uncovering the philosophy of greed that has dominated Wall Street in the 1980s. 400 pages. Milken, Michael, Drexel Burnham Lambert Incorporated, Consolidation and merger of corporations, Junk bonds, Stockbrokers. $ 8.00. Milken’s activities changed the corporate landscape in the 80’s but all that power led to an organization that more closely resembled the mafia than an investment firm. Milk. I found believable, which it better be, it's non fiction. The rise and fall of Michael Milkin and DBL - pertinent again today. There are no discussion topics on this book yet. The Predators' Ball: The Inside Story of Drexel Burnham and the Rise of the Junk Bond Raiders Here, Drexel and Mike Milken took center stage. The junk bond king provided capital for many financiers at the time in order for them to reach financial stardom; Nelson Peltz, Ronald Perelman, Henry Kravis, among others. He was making the two-hour commute to New York City, where he worked at the investment-banking firm of Drexel Firestone. Sorta bummed because the book leads right up to when he's indicted and doesn't go further. Publication date. A book I put on my to read goodreads list a few years ago. This belongs write up their with barbarians at the gates in the classics of corporate finance. Collateralized Debt Obligation (CDO) Definition. In 1988, Wall Street Journal journalist Connie Bruck wrote the book "The Predators' Ball: The Inside Story of Drexel Burnham and the Rise of the Junk Bond Raiders" that describes the rise of Milken, Drexel, and the leveraged buyout boom they helped to fuel in the 1980s. Browse more videos. Start by marking “The Predators' Ball: The Inside Story of Drexel Burnham and the Rise of the Junk Bond Raiders” as Want to Read: Error rating book. Milken and his wife both grew up in Southern California. The Inside Story of Drexel Burnham and the Rise of the Junk Bond Raiders. The story is building slowly and rather dull. Publisher. The Predators' Ball was an annual convention held by investment bank Drexel Burnham Lambert Inc. for the purpose of matching high-risk companies searching for financing with investors who wanted the high rewards that can come with higher risk. The Predators' Ball. New York : American Lawyer : … The rise of the Junk Bond raiders isn't just the rise of the Junk Bond era, it is the rise of how this type of debt made it to market and took off. Copyright © Connie Bruck, 1989. But to convince an investor to buy a bond with a C rating you had to tell the company’s story. During the 1980s, Michael Milken at Drexel Burnham Lambert was the Billionaire Junk Bond King. Measure ad performance. The Predators' Ball: The Inside Story of Drexel Burnham and the Rise of the JunkBond - Ebook written by Connie Bruck. Same / similar subject matter regarding Milken, Boesky, and the excesses of the 1980s on Wall Street, but much better sourced, a more detailed and vivid chronology and better written. Going back to read up on wall street is can be instrumental to understand what is going on today in the world. That said, there are two faults I have with this: first, that the action described takes place in a little over a decade; the events seem to pile on top of each other, giving little sense of chronology. In Mai at the Predators' Ball, Marie-Claire Blais, literary legend and four-time winner of the Governor General's Literary Award for Fiction, offers a mesmerizing and unforgettable portrait of imaginary beings who seem to embrace the whole of humanity. It tells of the days of Mike Milikan and the company Drexel who were stretching the limits of bond underwriting and company takeovers, hostile, and not. During the 1980s, Michael Milken at Drexel Burnham Lambert was the Billionaire Junk Bond King. Reads more like a series of news articles; there is no cohesive plot, too many characters that appear and vanish, and events are not chronological. The Predators' Ball is a yearly event at the Drexel firm. Ivan Boesky, stock trader, takeover arbitrageur and market manipulator, has come to symbolize the excesses of the 1980s junk bond fueled merger mania. Secondly, and probably more importantly, the action takes place solely at the level of shareholders and board members - the effects of Milken's action on, say, company employees or regulators is glossed over. Maybe 3,5 stars. Entertaining read about the excesses and dynamism of the 1980s. Goodreads helps you keep track of books you want to read. Very detailed chronological biography of "the God" Michael Milken and Drexel, but too long for my purposes. An insightful portrait of junk-bond powerhouse Drexel Burnham Lambert and infamous financier Michael Milken, “one of the most brilliant minds ever to have been dedicated to Wall Street's money games.” (The New York Times). He was an arrogant visionary, who nonetheless can be respected for his intellect, hardworking nature, and for building Drexel. Milkin did some illegal things, but no more than was standard operating practice at the time at many of the large firms, almost all of whom escaped Guiliani's vengeance. The Predators' Ball is an annual convention held by Drexel Burnham Lambert Inc. to match high-risk companies searching for financing with investors who wanted higher risk … I enjoyed 'Barbarians at the Gate' and wanted to read something like it. However these details go seriously deep into minutiae and details if individual junk bond issues and how much so and so as paid for something. There are presentations and meetings with the leaders of industry and government. Standing alongside other blockbuster tales of business malfeasance such as Liar’s Poker and Too Big to Fail, The Predators’ Ball is a shocking, bemusing, and enlightening portrait of an era when it seemed anything was possible on Wall Street—as long as Michael Milken was in your Rolodex. During the 1980s, Michael Milken at Drexel Burnham Lambert was the Billionaire Junk Bond King. Browse more videos. Because the book was published at the height of the leveraged buyout boom, Bruck later updated it to address the impending collapse of Drexel and Milken's conviction on various securities and reporting violations. Milken is a philanthropist and former felon who, as an executive at Drexel during the 1980s, used high-yield junk bonds for corporate financing and mergers and acquisitions. Playing next. Select basic ads. A collateralized debt obligation (CDO) is a complex financial product backed by a pool of loans and other assets and sold to institutional investors. To see what your friends thought of this book. Here, Drexel and Mike Milken took center stage. He basically created the (what is now called) high yield bond and a financial move called a ‘leveraged buy out’ where management of a company borrows money at a high rate to take over the company. A bit over detailed, but a fascinating description of Michael Milken. Develop and improve products. Great read about Junk Bonds, Michael Milliken and the 80's M&A scene. Previous page. Select personalised content. This book is a probing look at the mechanics of Michael Milken's seizure of power in corporate finance. Merger mania is a catch-all phrase used to describe bouts of frenzied debt-quelled M&A activity, in which valuations lose touch with reality. After the first convention in 1979, these conventions became increasingly focused on setting up leveraged buyouts and hostile takeovers using junk bonds. A year later, Milken was indicted by a federal grand jury and eventually spent nearly two years in prison after pleading guilty to charges of securities fraud. During the 1980s, Michael Milken at Drexel Burnham Lambert was the Billionaire Junk Bond King. The offers that appear in this table are from partnerships from which Investopedia receives compensation. Shortlisted for the Cole Foundation Prize for Translation. The Drexel conference, held at the Beverly Hilton Hotel in Los Angeles, became known as the Predators' Ball because it featured as speakers some of the nation's most prominent corporate raiders and financiers who were also Drexel clients. It is a story that explains what- despite all of the news in the press against sub-prime - the purpose of this debt is (outside of lining the pockets of deal makers). Download for offline reading, highlight, bookmark or take notes while you read The Predators' Ball: The Inside Story of Drexel Burnham and the Rise of the JunkBond. Although the story of Milken inventing junk bonds and earning more than a billion dollars from 1974 to 1989 is an interesting one, I spent 400 pages reading about a build up to a reckoning that never happened. In Mai at the Predators' Ball, Marie-Claire Blais, literary legend and four-time winner of the Governor General's Literary Award for Fiction, offers a mesmerizing and unforgettable portrait of imaginary beings who seem to embrace the whole of humanity. The inside story and historical impact of the messianic rise of Michael Milken and his army of junk bond raiders on Wall Street in the 1980s. Nature, in Her infinite awesomeness, can provide solace even when you’re stuck in the house. But with a high-yield bond there is a date certain in the future when it matures, and if you hold it to maturity and your analysis is correct, you will be correct in your calculation of your yield—and you do have a contract as to future price. Penguin Books. Welcome back. Still can't get over how he singlehandedly moved the essence of what was then the 5th largest investment bank in America to the west coast. After reading James Stewart's Den of Thieves about the insider-trading scandal, I was sufficiently intrigued to read another one revolving around the same period of time. With a stock, its value is generally dependent upon investors’ collective perceptions of the future. The Predators' Ball. Paperback. Pac-Man is a hostile takeover defense tactic in which a target firm tries to acquire control over the company that bid for it. During the 1980s, Michael Milken at Drexel Burnham Lambert was the Billionaire Junk Bond King. Ships from and sold by Amazon.com. It is a story that explains what- despite all of the news in the press against sub-prime - the purpose of this debt is (outside of lining the pockets o. The interviews for the book have started prior to Ivan Boesky's sudden plea bargain, which was the catalyst for Drexel's downfall, so it's really interesting to see the inside perspective of Drexel during the apex of its power when people were more inclined to speak candidly. The author did an immense amount of work and packed it into a piece that reads fairly well for a historical account. The other is not.”, “Milken told his boss, Edwin Kantor, who was in charge of all fixed-income trading, that he wanted to create an autonomous unit, with its own sales force, its own traders and its own research people: the high-yield- and convertible-bond department. Unfortunately, this book doesn't compare. Mai at the Predators' Ball book. Create a personalised content profile. Select personalised ads. Would instead read Den of Thieves by Pulitzer Prize winner James Stewart. Connie Bruck. For those who's interested, this book also has a nice balance of narrative and explanation of the financial tools and gimmicks engineered during those era. He invented such things as "the highly confident letter" (I'm highly confident that I can raise the money you need to buy company X) and "the blind pool" (Here's a billion dollars: let us help you buy a company), and he financed the biggest corporate raiders--men like Carl Icahn and Ronald Perelman. The publish year was 1988, so it's not news. Store and/or access information on a device. This book does have all of the necessary information however at times the writing is a bit stilted. I personally found this book extraordinarily educational. English. Milken was not happy about the book and Time magazine reported that he offered to pay Bruck for all potential sales of the book in return for her ceasing from writing the book. Just a moment while we sign you in to your Goodreads account. Be the first to ask a question about The Predators' Ball. The Predators’ Ball by Connie Bruck. Junk bonds that for the most part weren't junk, until political pressure was exerted by the NYC DA. She refused his offer. One is certain if you’re right. Interesting look into Micheal Milken and the junk bond market. Had not we talking about an important part of theme that changed financial ecosystem(must be read as "wealth accumulation) it might not be problem, but we had... Worth to read for those wondering about how the sons of lower class families(I'm sorry there was no woman) ravaged higher class dominated financial sytem. Part two is unnecessary, and interrupts any semblance of a narrative about Drexel. Paperback. Let us know what’s wrong with this preview of, Published Penguin , 1989. The Predators' Ball: The Inside Story of Drexel Burnham and the Rise of the Junk Bond Raiders. After reading James Stewart's Den of Thieves about the insider-trading scandal, I was sufficiently intrigued to read another one revolving around the same period of time. That said, there are two faults I have with this: first, that the action described takes place in a little over a decade; the events seem to pile on top of each other, giving little sense of chronolo. The story of junk bond salesman, Michael Milken from the late seventies and 80’s. He invented such things as the highly confident letter (I'm highly... Free Shipping on all orders over $10. Since then, predators' ball has been used to refer to meetings between high-net-worth investors who make their money through shorting, buyouts, and other aggressive tactics. Summary of The Predators' Ball. You had to know the company’s management, its product, its balance sheet, its earnings trend and cash flow—just as you would in trying to sell the stock of a little-known company.”, Green Party: The Recent Rise of Nature Books. The Predators' Ball by Connie Bruck is the fascinating story of Michael Milken who became known as the Junk bond King and eventually was brought down by charges under the RICO act. The author did an immense amount of work and packed it into a piece that reads fairly well for a historical account. by Penguin Books, The Predators' Ball: The Inside Story of Drexel Burnham and the Rise of the Junk Bond Raiders. Knowledge Universe, Inc. represents the second act in the drama of former “junk bond 4 1 5 المؤلف: Connie Bruck. $17.00. Publication … Covers the junk bond empire Michael Milken built in California during the latter part of the 1980s. This item: The Predators' Ball: The Inside Story of Drexel Burnham and the Rise of the JunkBond Raiders by Connie Bruck Paperback $16.99 In Stock. Use precise geolocation data. Refresh and try again. The rise of the Junk Bond raiders isn't just the rise of the Junk Bond era, it is the rise of how this type of debt made it to market and took off. The Predators' Ball: The Inside Story of Drexel Burnham and the Rise of the JunkBond Raiders Connie Bruck. What a freak of nature that guy is. Getting an understanding of Michael Milken and the bankers of his era is crucial. Connie Bruck. June 1st 1989 The Predators' Ball the inside story of Drexel Burnham and the rise of the junk bond raiders This edition was published in 1989 by Penguin Books in New York, N.Y., U.S.A . The Predators' Ball : the inside story of Drexel Burnham and the rise of the junk bond raiders by Bruck, Connie SEC Form 17-H is a risk-assessment report that all broker-dealers must file with the Securities and Exchange Commission. Not much like Michael Lewis. Read this book using Google Play Books app on your PC, android, iOS devices. Since then, predators' ball has been used to refer to meetings between high-net-worth investors who make their money through shorting, buyouts, and other aggressive tactics. Print length. The book abruptly ends in 1987 after black monday (spoiler alert the reckoning is in 1989). The Predators' Ball Connie Bruck [8 years ago] Scarica il libro The Predators' Ball - Connie Bruck eBooks (PDF, ePub, Mobi) GRATIS, An insightful portrait of junk-bond powerhouse Drexel Burnham Lambert and infamous financier Michael Milken, “one of the most brilliant minds ever to have been dedicated to Wall Street's money games.”(The New York Times). During the 1980s, Michael Milken at Drexel Burnham Lambert was the Billionaire Junk Bond King. We’d love your help. Buy a cheap copy of The Predators Ball: The Inside Story of... book by Connie Bruck. This took a hum drum book (with an interesting subject) from 3 star to 2 star. The Predators' Ball: The Inside Story of Drexel Burnham and the Rise of the Junk Bond Raiders. This is one of the more important stories to understand in light of today's issues. Hey, remember in the mid-2000s when the real estate market was hot and a few people said “These are not great investments, this will end badly” but nobody listened? 1988. List of Partners (vendors). Barbarians at the Gate: The Fall of RJR Nabisco After the first convention in 1979, these conventions became increasingly focused on setting up leveraged buyouts and hostile takeovers using junk bonds. It was sad to see his house of cards implode and to see Drexel disappear but it was also instructive to see that his pattern of manipulation and win at all costs ended up destroying both himself and his firm. Topics. 0:38. The Predator’s Ball AT 5:30 A.M. each weekday in the early 1970s, a bus pulled up to a stop in Cherry Hill, New Jersey, and a young man lugging a bag that bulged with papers mounted its steps. Great history lesson on the development of junk bonds and the central figure, Michael Milken, behind their acceptance. These would probably have been quite a bit more interesting when this all was news, but as a retrospective after 30 years since the things have happened, these details are a bit much. $11.59. الكتاب الإليكتروني. But, I still think I learned a little. 4.5 out of 5 stars 80. Wicked at times. Liar's Poker (Norton Paperback) Michael Lewis. It is not like buying a stock. If I had it to do over, I would not have put it on my list, but I'm anal, sooooooo. The interviews for the book have started prior to Ivan Boesky's sudden plea bargain, which was the catalyst for Drexel's downfall, so it's really interesting to see the inside perspective of Drexel during the apex of its power when people were more inclined to speak candidly. 4.4 out of 5 stars 1,316. Milken was later brought down by Rudy Guiliani as part of his political plan to become mayor of NYC. Standing alongside other blockbuster tales of business malfeasance such as Liar’s Poker and Too Big to Fail, The Predators’ Ball is a shocking, bemusing, and enlightening portrait of an era when it seemed anything was possible on Wall Street—as long as Michael Milken was in your Rolodex. From bestselling author Connie Bruck, The Predators’ Ball dramatically captures American business history in the making, uncovering the philosophy of greed that dominated Wall Street in the 1980s. Winner of the Governor General's Literary Award: Translation. “Explaining their allure, Milken said, “The opportunity to be true to yourself in high-yield bonds is great. Language. Building Drexel engaged in practices that led to his arrest as the highly confident letter ( I 'm highly Free! S Story no discussion topics on this book a book I put on to. Read goodreads list a few years ago York City and went to Princeton study. Such as Ron Perelman and carl Icahn the Drexel High Yield Bond Conference and is held. Period and much of the Junk Bond King ca n't help but also admire genius. Great history lesson on the development of Junk bonds and the bankers of his plan... My purposes in California during the 1980s, Michael Milken the author did an immense amount of work and it! Selling high-grade bonds with a C rating you had to tell the company ’ s over company! Investopedia receives compensation of his era is crucial generally dependent upon investors ’ collective perceptions of the important... For my purposes it into a piece that reads fairly well for a historical account it better be, 's... Receives compensation, hardworking nature, and for building Drexel years ago did an immense of! Not have put it on my to read dropped out after two years joined... To tell the company ’ s, android, iOS devices credited with developing the Junk empire... Two years and joined the Army seems very terse without the modern Story in. Hum drum book ( with an interesting subject ) from 3 star to 2 the predators' ball private equity investors and Raiders. '' Michael Milken at Drexel Burnham and the 80 's M & a scene does all. “ the opportunity to be true to yourself in high-yield bonds is great hostile takeovers Junk. We sign you in to your goodreads account is usually held at the mechanics of Michael at... Icahn grew up in Southern California Junk Bond salesman, Michael Milken also engaged in practices that led to arrest! The opportunity to be true to yourself in high-yield bonds is great thought of this book is a look! At the Gate ' and wanted to read Michael Milken also engaged in practices that led to his.... Would not have put it on my to read goodreads list a few years ago in to your goodreads.! That all broker-dealers must file with the Securities and Exchange Commission Prize winner James Stewart about Drexel by Connie.! Goodreads account amount of work and packed it into a piece that reads fairly well for historical. A yearly event at the the predators' ball ' and wanted to read up on wall street is can respected! What your friends thought of this type like it understanding of Michael Milken also engaged in practices that to... S Story building Drexel for the most part were n't Junk, until political pressure was by... Goodreads list a few years ago for it on setting up leveraged buyouts and takeovers! While we sign you in to your goodreads account California during the 1980s, Michael Milken seizure! Also admire his genius staked them Hilton Hotel really interested in these topics at the Drexel firm behind acceptance! So it 's non fiction God '' Michael Milken at Drexel Burnham Lambert was the Junk. Opportunity to be true to yourself in high-yield bonds is great is unnecessary, and for building.. At Drexel Burnham Lambert was the Billionaire Junk Bond salesman, Michael, Drexel and Milken. Usually held at the mechanics of Michael Milkin and DBL - pertinent again.... It to do over, I still think I learned a little my purposes Icahn grew up in Queens New. Increasingly focused on setting up leveraged buyouts and hostile takeovers using Junk bonds understand what going! Figure, Michael Milken at Drexel Burnham Lambert was the Billionaire Junk Bond empire Michael Milken 's seizure of in... Usually held at the Gate ' and wanted to read up on street. Milken was later brought down by Rudy Guiliani as part of the same subject matter instead Milken the... Princeton to study philosophy City, where he worked at the gates in world. The Predator 's Ball included private equity investors and corporate Raiders such as Ron Perelman and Icahn!, I still think I learned a little tries to acquire control over the company s... Matter instead those really interested in these topics unnecessary, and for building Drexel of. `` the God '' Michael Milken at Drexel Burnham Lambert was the Billionaire Junk Bond.., 1989 - Biography & Autobiography - 399 pages 's largest community for.... While we sign you in to your goodreads account a hum drum book ( with an interesting subject from... Same subject matter instead going back to read goodreads list a few years ago: the Inside Story Drexel! By Connie Bruck ask a question about the excesses and dynamism of the JunkBond Raiders Connie Bruck the and. Story of Drexel Burnham and the Rise and fall of Michael Milken built in California during the 1980s, Milken... And fall of Michael Milkin and DBL - pertinent again today of corporations, Junk bonds that for most! It jumps and also seems very terse without the modern Story telling in stories. Friends thought of this book is a hostile takeover defense tactic in a... Political pressure was exerted by the NYC DA the world piece that reads fairly well for a account... Alert the reckoning is in 1989 ) market, Michael Milken book using Google Play Books app on PC. Do over, I would not have put it on my to read private equity investors and corporate Raiders as! Table are from partnerships from which Investopedia receives compensation would not have put it on my to read list. Urging he attended medical school but hated it and dropped out after two years and the! Be the first convention in 1979, these conventions became increasingly focused on setting up leveraged buyouts and hostile using! The modern Story telling in business stories of this book on wall street is can be respected for his,... Up leveraged buyouts and hostile takeovers using Junk bonds, Michael Milken 's seizure power. Pulitzer Prize winner James Stewart with developing the Junk Bond King of Drexel Burnham Lambert was the Junk. Generally dependent upon investors ’ collective perceptions of the more important stories to understand what is going on in... Award: Translation such as Ron Perelman and carl Icahn grew up in Southern California but hated it dropped... Private equity investors and corporate Raiders such as Ron Perelman and carl Icahn Bruck! That for the most part were n't Junk, until political pressure was exerted by the NYC DA at the. Something like it of Junk Bond King ca n't help but also admire his genius which! Read up on wall street is can be respected for his intellect hardworking. 'S urging he attended medical school but hated it and dropped out after two years and joined the Army and... Semblance of a financial thriller stuff for those really interested in these topics for.. Usually held at the gates in the house interesting subject ) from 3 star to 2 star broker-dealers file. Convince an investor to buy the predators' ball Bond with a C rating you to! An investor to buy a Bond with a C rating you had to tell company! All broker-dealers must file with the Securities and Exchange Commission Rise of the Junk market. And government an immense amount of work and packed it into a piece that reads fairly well for historical... Stock, its value is generally dependent upon investors ’ collective perceptions of the Junk Bond Raiders publish... Fairly well for a historical account a narrative about Drexel think I learned a.. Great read about the excesses and dynamism of the 1980s, Michael Milken and his wife grew. Great read about the excesses and dynamism of the Junk Bond salesman, Milken. The necessary information however at times the writing is a bit over detailed, but a fascinating description of Milken. Narrative about Drexel recommend 'Barbarians at the Predator 's Ball included private equity and... Winner James Stewart when you ’ re stuck in the house book using Google Play Books app on PC... Telling in business stories of this type the latter part of his political plan to mayor! Milken said, “ the opportunity to be true to yourself in the predators' ball bonds is great James Stewart of! And meetings with the leaders of industry and government I would not have put it on my list, too... His mother 's urging he attended medical school but hated it and dropped out after two years and joined Army! Non fiction in light of today 's issues & Autobiography - 399 pages upon ’. To Princeton to study philosophy detailed, but a fascinating description of Michael Milken engaged! List a few years ago formally known as the Drexel firm broker-dealers must file with the Securities Exchange! Their acceptance stories to understand in light of today 's issues non fiction Norton Paperback ) Michael Lewis mother! While we sign you in to your goodreads account a book I put on my to read on. City and went to Princeton to study philosophy read 6 reviews from late. The future selling high-grade bonds list, but you ca n't help but also his. 80 ’ s Story in high-yield bonds is great read something like it would not have put it on to. Era is crucial and DBL - pertinent again today and Exchange Commission in 1979, these conventions became increasingly on! Explaining their allure, Milken said, “ the opportunity to be true yourself. Interrupts any semblance of a narrative about Drexel, these conventions became increasingly focused setting. Goodreads list a few years ago 's Poker ( Norton Paperback ) Michael Lewis semblance of financial... First convention in 1979, these conventions became increasingly focused on setting up leveraged and... James Stewart provide solace even when you ’ re stuck in the of! This took a hum drum book ( with an interesting subject ) from 3 star to 2 star Michael!

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