Markets

Den of Thieves

Author: James B.

Image removed.

 

  • Author: James B. Stewart
  • Publisher: Simon & Schuster, 592 pages

 

In all honesty, the only reason I read "Den of Thieves" was because I worked with the author, James B. Stewart, in the early 2000s. I edited his financial columns for "Smart Money" at the turn of the 21st Century. It was the end of the dot-com boom, nearly a decade after this book was originally published. I figured if I was going to edit a Pulitzer Prize winner, I should have a better understanding of why he was deserving of such a prestigious award in the first place.

His work still deserves all the accolades it received back then. Den of Thieves exposed the underbelly of high finance in the 1980s. With an intricate plot involving junk bonds and insider trading, and a cast of characters that included Michael Milken and Ivan Boesky, a non-fiction historical narrative seemingly sprang out of the mind of a seasoned novelist. I was too embarrassed to admit that I hadn't read the bestseller, so instead of asking Stewart for a loaner I snuck down to Strand Bookstore to pick up a used copy. (Yes, Amazon.com was around in 2001, but I was still old school back then.) Once I opened the worn paperback, it was hard to put down. Despite being heavy on detail, the result of exhaustive research and likely ingrained from Stewart's Wall Street Journal days, Den of Thieves still reads like a legal thriller. I went on to devour all of the classic business books about that greed-is-good era on Wall Street -- notably Liar's Poker and Barbarians at the Gate -- but Den of Thieves still tops my list.

BUY HERE

 

Visit the Kiplinger Bookshelf

Most Popular

Your Guide to Roth Conversions
Special Report
Tax Breaks

Your Guide to Roth Conversions

A Kiplinger Special Report
February 25, 2021
7 Best Commodity Stocks to Play the Coming Boom
commodities

7 Best Commodity Stocks to Play the Coming Boom

These seven commodity stocks are poised to take advantage of a unique confluence of events. Just mind the volatility.
September 8, 2021
Stock Market Holidays in 2021
Markets

Stock Market Holidays in 2021

Is the stock market open today? Take a look at which days the NYSE, Nasdaq and bond markets take off in 2021.
September 2, 2021

Recommended

These 2 Emotional Biases Could Kill Your Retirement
Investor Psychology

These 2 Emotional Biases Could Kill Your Retirement

Are your emotions sabotaging your retirement plans? Some basic knowledge and careful introspection can go a long way toward avoiding major pitfalls.
September 20, 2021
Investment Strategies for the 4 Stages of the Economic Cycle
Markets

Investment Strategies for the 4 Stages of the Economic Cycle

The U.S. economy is cyclical in nature, surging ahead and pulling back in waves over time. Investors’ portfolios need to change with the rise and the …
September 19, 2021
Is a Target Date Fund Right for You?
investing

Is a Target Date Fund Right for You?

You're busy, and poring over investments is a pain. Wouldn't a target date fund be easier? Take a look at their pros and cons to see if incorporating …
September 14, 2021
Is the Stock Market Closed on Labor Day?
Markets

Is the Stock Market Closed on Labor Day?

Stock markets and bond markets alike will enjoy their annual three-day weekend as America observes Labor Day.
September 5, 2021