Book description
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.
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
BusinessWeek, 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.
