Book description
A clear look at how to capture investment profits during difficult
financial times
The U. S. economy has become crippled by the credit and real estate
catastrophe. Even though we've all been affected by the calamity and
have heard no shortage of news about it, it still seems unfathomable
and utterly incomprehensible to most people that the actions of
certain mortgage brokers, bankers, ratings agencies, and investment
banks could break the economic engine of the world.
Now, for the first time, and in terms everyone can grasp, noted
analysts and value investing experts Whitney Tilson and Glenn Tongue
explain not only how it happened, but shows that the tsunami of credit
problems isn't over. The second wave has yet to come. But if you know
catastrophe is looming, you can sidestep the train wreck-and even
profit. You just need to understand how bad times present opportunity
and where to look. More Mortgage Meltdown can help you achieve
this goal. The book
- Breaks down the complex mortgage products and rocket-science
securities Wall Street created
- Addresses how to find investment opportunities within the rubble
and position your portfolio to take advantage of the crisis
- Explains exactly how the combination of aggressive lending,
government missteps, and Wall Street trading practices created the
perfect economic storm
- Shows you why the crisis is not yet over and what we can expect
going forward
More Mortgage Meltdown can help you understand the events that
have unfolded, and put you in a better position to profit from the
opportunities that arise during these tough financial times.
Whitney Tilson and Glenn Tongue are the Managing
Partners of T2 Partners LLC and the Tilson Mutual Funds. The former
firm manages three value-oriented hedge funds, while the latter is
comprised of two mutual funds, Tilson Focus Fund and Tilson Dividend Fund.
Mr. Tilson is the cofounder and Chairman of the Value Investing
Congress, a biannual investment conference in New York City and Los
Angeles, as well as the investment newsletters Value Investor
Insight and SuperInvestor Insight. He writes a regular
column on value investing for Kiplinger's Personal Finance, has
written for the Financial Times and TheStreet. com, and was one of the
authors of Poor Charlie's Almanack, the definitive book on
Berkshire Hathaway Vice Chairman Charlie Munger. He was featured on
60 Minutes in December 2008, was one of five investors
included in SmartMoney's 2006 Power 30, was named by
Institutional Investor in 2007 as one of twenty Rising Stars,
and appears regularly on CNBC and Bloomberg TV. He received an MBA
with high distinction from the Harvard Business School, where he was
elected a Baker Scholar, and graduated magna cum laude from Harvard
College with a bachelor's degree in government.
Mr. Tongue spent seventeen years on Wall Street prior to
joining T2 Partners, most recently as an investment banker at UBS,
where he was a managing director specializing in acquisitions and
leveraged finance. Before UBS, Mr. Tongue was at Donaldson, Lufkin
& Jenrette for thirteen years, the last three of which he served
as the president of NYSE-listed DLJdirect, the consistently top-rated
online brokerage firm. Prior to DLJdirect, Mr. Tongue was a managing
director in the investment bank at DLJ, where he worked on over 100
transactions, aggregating more than billion. He received an MBA with
distinction from the Wharton School of Business and received a
Bachelor of Science in electrical engineering and computer science
from Princeton University.
Visit www. moremortgagemeltdown. com
to ask Whitney and Glenn questions, read their latest thoughts on the
companies they analyze in the book, see updated color versions of the
book's charts, and much more.
