Dear Mr. Buffett What an Investor Learns 1,269 Miles from Wall Street

by Tavakoli, Janet M.

• ISBN13: 9780470632420
• ISBN10: 0470632429
• Edition: 1st
• Format: Paperback
• Copyright: 2010-08-30
• Publisher: Wiley
• More Book Details

Summary

Janet Tavakoli takes you into the world of Warren Buffett by way of the recent mortgage meltdown. In correspondence and discussion with him over 2 years, they both saw the writing on the wall, made clear by the implosion of Bear Stearns. Tavakoli, in clear and engaging prose, explains how the credit mess happened beginning with the mortgage lending Ponzi schemes funded by investment banks, the Fed bailout and its impact on the dollar. Through her narrative, we hear from Warren Buffett and learn how his enduring principles caused him to see the mess that was coming well in advance and kept him and his investors well out of the way.

Author Biography

Janet M. Tavakoli is the President of Tavakoli Structured Finance, a consulting firm to financial institutions, institutional investors, and hedge funds. She is frequently quoted in the business press, including the Wall Street Journal, the Financial Times, the New York Times, and was noted as "The Cassandra of Credit Derivatives" by Business Week, identifying the impending crisis years before others. She has appeared on CNN, CNBC, CBS Evening News, Bloomberg TV, First Business Morning News. Fox News, Fox Business News, ABC, BBC, and 60 Minutes. Ms. Tavakoli is the author of several professional finance volumes, and was an adjunct associate professor at the University of Chicago's Graduate School of Business, where she taught derivatives.

Table of Contents

Preface	p. ix
Acknowledgments	p. xv
An Unanswered Invitation	p. 1
Lunch with Warren	p. 9
The Prairie Princes versus the Princes of Darkness	p. 31
The Insatiable Curiosity to Know Nothing Worth Knowing (Oscar Wilde Was Right)	p. 41
MAD Mortgages-The "Great" against the Powerless	p. 67
Shell Games (Beware of Geeks Bearing Grifts)	p. 97
Financial Astrology-AAA Falling Stars	p. 107
Bear Market (I'd Like a Review of the Bidding)	p. 123
Dead Man's Curve	p. 143
Bazooka Hank and Dread Reckoning (AIG, Fannie, Freddie, Lehman, Merrill, and Other Fluid Situations)	p. 163
Bond Insurance Burns Main Street	p. 179
Money, Money, Money (Warren and Washington)	p. 191
The Fogs of War, Religion, and Politics	p. 209
Finding Value	p. 219
Notes	p. 225
Bibliography	p. 259
Index	p. 267
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