
The Predators' Ball
by Connie Bruck · first published 1988
3mentions
2recommended by
3HN commenters
2017–2020first – last mentioned
67% recommend33% neutral
During the '80s, Michael Milken at Drexel Burnham created the corporate raiders. He was the billionaire Junk Bond King. But, in the corner stood the U.S. District Attorney waiting to file criminal and racketeering charges.
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…background. Arrighi, Giovanni (1994) The Long Twentieth Century: Money, Power and the Origins of Our Times Brealey, Myers, Allen (2011) Principles of Corporate Finance, 10th ed. Bruck, Connie (1988) Predators' Ball: Inside Story of Drexel Burnham and Rise of Junk Bond Raiders Fisher, Philip (2003) Common Stocks and Uncommon Profits and Other Writings, 2nd ed. Fridson, Martin and Fernando Alvarez (2002) Financial…
on “Ask HN: Book recommendations for understanding financial systems?” ↗This article doesn't even answer its own question of "how". For those interested in the topic, I highly recommend Connie Bruick's Predators' Ball and Liar's Poker by Michael Lewis. > Adam Smith, the father of modern capitalism I hope we can stop conflating free markets for capitalism. Capitalism is to free markets what communism is to socialism.…
on “How Big Banks Became Our Masters” ↗…pro-Long Term Stock Exchange because there are issues with the quarterly cadence and high-frequency trading. Don't know if LTSE will be the solution but I support experimentation. * https://www.amazon.com/Predators-Ball-Burnham-JunkBond-Raide... https://www.nytimes.com/2018/10/23/business/dealbook/ceo-ten...
on “Will the Long-Term Stock Exchange Make a Difference?” ↗