I LOVE BOOKS! I have a service business (large salon). 'What are you reading' is heard all day everyday.
Booo! Markopolos whines, complains, and demeans his way through 10 years of attempting to expose the greatest Ponzi scheme ever. Perhaps my expectations where way off the mark as I was looking for a broader perspective or deeper insight of the entire Madeoff operation and story, maybe an intimate glimpse inside the sausage factory. What I got was No one would listen or Nobody likes me, everybody hates me, guess I'll go eat worms. If you truly enjoy tireless whining and ongoing redundant depreciative remarks (10 years worth) this is a must read / listen.
Markopolos claims a Whistle Blowers status in a circumstance that imploded on its own as he admits it had to as "all Ponzi schemes eventually have to fail". Prevailing GLOBAL circumstances exposed Madeoff more than this crybaby. Like an earthquake geologist sending you anonymous emails (for 10 years) telling you There's going to be an quake! and when it finally happens, he gets some perverse pleasure in saying I told you so and you wouldnt listen you stupid moron. Sorry Harry your messages are in my spam folder!! Brick's narrative is awesome as always.
The book is fantastic. Also shocking, and educational--although I don't pretend to understand most of the financial concepts described. However, Scott Brick is over-dramatic, trying to maintain a level of drama that gets in the way of a truly good story, and that was annoying especially at the beginning of the book. Nevertheless, I'm glad I "read" this one.
This is one of the most fascinating books I have ever listened to. Harry Markopolos is a true hero for putting his career and his own safety on the line to expose the biggest fraud in history. It will make you laugh, cry and if you don't get angry at the incompetence of the SEC (Security and Exchange Commission) you must not be breathing anymore.
I enjoyed the book, but it should go on a diet. It's about twice as long as it needs to be to do justice to the story. The author is angling for a movie deal (he has a character say so in the book, in case we're not awake), and I hope he gets it. Eight years is a long time to pursue a bad guy on your own dime. Fortunately the market meltdown increased the redemption rate beyond Bernie's fund-raising ability or it could have gone on a little longer.
Economist. Quant. R-squared approaches 1.00.
Having also been a whistleblower in a multi-billion dollar Wall Street fraud, I believe Harry has perfectly caught the essence of the internal frustration and personal conflict of the story.
Listening to this was a waste of time and money.In my opinion, Mr Markopolis does repeatedly is say "Ain't I Wonderful".
Yes, most definitely.
I can't think of a book, but I can definitely relate it to a documentary I saw on Enron.
The frustration and incredulity was clearly apparent in the narration, which was a big part of the story, and contributed to the title.
Not really, but I still wanted to know what was going to happen next.
I'm glad I listened to this book and even though I was familiar with the Madoff scandal, it was truly fascinating to read about Markopolos and his heroic efforts to get this crime out to the public...and then he stayed with it for 10 years? He did tear the SEC apart when their "day in court" finally came, but they certainly deserved it. I can only hope they're run better now than they were then.
This book is awful. I got it thinking I was buying a book about the Madoff scandal, but this is an autobiography of Harry Markopolos. Unfortunately, Markopolos is a poor subject for a biography, auto or otherwise. Most of the book is about the author's greatness, and the stupidity of everyone else. Although he possesses intellectual and mathematical powers far surpassing those of the average man, Markopolos fails to do anything substantial about Madoff other than repeatedly submitting his suspicions to the SEC and the WSJ, even though they repeatedly ignore him. By his own admission, he never thinks about the thousands of individuals whose lives Madoff will eventually destroy, his only worry is for how the scandal will affect the financial industry. I could forgive Markopolos personal flaws, no one is perfect and it was never his job to police the financial markets, but it is grating how he takes credit for things he did not do. This is particularly apparent during the congressional hearings after the scandal broke, when Markopolos describes his joy and I-told-you-so attitude at the downfall of the SEC. It is the pettiest moment of the whole ordeal.
And make no mistake, this book is an ordeal. It's boring through and through. The only thrilling episodes in this "thriller" happen inside the author's head. Although no one ever threatens his life, Markopolos describes various "measures" he took to protect himself from Madoff, including keeping his children waiting in the car while he checks under the carriage for bombs. When the scandal breaks, his first thought is that the SEC will raid his house to destroy his documents, so he loads a shotgun and later sends his wife to "secretly" give a digital copy of the documents to a friend. I kept waiting for Markopolos to describe the six months he spent in his basement with a tinfoil hat on his head because Madoff was reading his mind.
The performance was serviceable but melodramatic. I wonder if that was a purposeful decision by the narrator, given the melodramatic implausibility of the source material. Overall, I do not recommend this book. If you want a good book about Madoff, you should get The Wizard of Lies, also available through Audible.
This is the kind of styles I like: good pace, cerebral, well-documented, meaty, mind-bending.
The title says it all "A True Financial Thriller." This is not intended as an account of Madoff's fraud but as a thriller of a person in search of the world's largest fraud. Although entertaining, I have to say it fails completely as a personal biography or a thriller, let alone as an explanation of the fraud or the SEC investigation. The problem is that, right at the start, there is little Markopolos knew about Madoff, since he gathered most of what he knew from public sources. Except for the 'mathematical' proof, which should have triggered further investigations, most of the book is spent rambling about other's inability to push further. This also makes for a very poor topic for a thriller.
As a biography, Markopolos is too emotional about his own character to be convincing or interesting. It's initially amusing when he thinks he will get shot by Madoff or robbed by the SEC, without any actual events that would indicate that would happen, but it gets old quick and certainly is not a topic for an entire book. It's also amusing to poke fun at otherwise clueless "financier," i.e., elevated salesmen, but there is so much material there to build on.
Should Markopolos have testified about his experience with Madoff and the SEC? Yes, definitely. Should he had written a book? Not really, nothing to see there beyond what you can find in 5 minutes on the web.