I grabbed this because I wanted to know more about the Madoff scandal. I didn't think it would be as engrossing a read. I thought it was well thought out and very detailed reading, maybe a little long in some places. I would recommend this for anyone looking to know more from the other end on the Bernie Madoff scandal.
Very informative. Very disturbing to learn of such a high level of incompetence in the government agency overseeing our financial system.
Good job Harry!! I also agree about Scott Brick's narratives - too much drama!
Harry Markopolos does not hold back in his depiction of the events he and his team lived for 10 years while trying , to no avail, to convince anyone who would listen of the enormous fraud that was Bernard Madoff's hedge fund. Of particular interest is the fact that the SEC was so woefully unprepared and incapable to handle this, even after Harry put the entire thing in their lap on three separate occasions. Anyone with money in the stock market should read this.
This book really helped me to understand the whole story behind the Madoff scandal- which i had only understood piecemeal thanks to the media.
Good job Harry, David gave another hit to Goliath and he deserved it. My wonder is how many other government agencies are as incompetent or worse than the SEC?
This is my second listen where I have been disappointed in Scott Brick as a narrator. Where Men Win Glory was my first. Is it just me or is he too melodramatic?
This is a great book. It keeps you on the edge and intrigued all the time even though we all know what the outcome was for Madoff. Amazing how one man and his small army brough down the biggest financial fraud in history. It is a long book, but worth it.
I thoroughly enjoyed this book. The writer knows where the bodies are buried. The industry watchdogs (SEC) are checking paperwork and have no idea how the industry actually works or doesn't work. You will be shocked that the SEC could not get what everyone on wall street already knew, Bernie was a fraud. Regulatory agencies dont work because the people running them are not former industry persons but lawyers. Mark also makes it clear what needs to happen to have real reform on Wall street.
The story was compelling and worthwhile to listen too. You will not regret purchasing and listening to this audio book.
Listening to the story unfold was quite tedious but then you come to realize that the SEC and others in the industry had this going on right in front of them for years. That is shocking. Then the long story becomes clear. Other readers have commented about the eccentricities of Mr. Markopolos - and this is why no one listened. We MUST listen to the voices that are often opposite to the patterns we want to hear, so that we can at least invest or act with better judgement. If we choose to ignore then we get what we deserve.
I listen to 50 or more books a year, this one has been one of the best in the last year. It's a great book to anyone interested in wall street, scams, and in this case, the complete failure of a government agency.