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

12 Costs of Owning a Cat
how to save money

12 Costs of Owning a Cat

Housecats may be known for their aloofness and low-maintenance attitude, but they're not cheap. Here's what you can expect to spend if you plan on ado…
October 16, 2020
26 Things Home Buyers Will Hate About Your House
real estate

26 Things Home Buyers Will Hate About Your House

As a home seller, you don't want to let the small -- or big -- fixes around your house that have added up over the years sabotage your bottom line dur…
October 16, 2020
11 Home Features Today's Buyers Want Most
home

11 Home Features Today's Buyers Want Most

Thinking about selling your house? Here are several home features potential buyers are coveting right now.
October 16, 2020

Recommended

Stock Market Today 10/16/20: Cheerful Consumer Data Gives Stocks a Small Bump
stocks

Stock Market Today 10/16/20: Cheerful Consumer Data Gives Stocks a Small Bump

Retail sales in September improved by more than expected and a consumer sentiment reading improved, providing the market with a tiny lift Friday.
October 16, 2020
Stock Market Today 10/15/20: Stocks Slip Again on Dour Jobs Data
stocks

Stock Market Today 10/15/20: Stocks Slip Again on Dour Jobs Data

Worse-than-expected weekly unemployment claims, as well as continued gridlock on COVID stimulus, stymied stocks Thursday.
October 15, 2020
5 Investing Tips to Get Your Wealth Plan on Track
investing

5 Investing Tips to Get Your Wealth Plan on Track

A number of pitfalls have conspired to make this one of the most difficult investing environments in years. Take the reins with these investing tips.
October 15, 2020
Stock Market Today 10/14/20: COVID Concerns Continue to Cool Stocks' Momentum
stocks

Stock Market Today 10/14/20: COVID Concerns Continue to Cool Stocks' Momentum

Stagnant stimulus talks and troubling coronavirus case data kept downward pressure applied to stocks for a second consecutive day.
October 14, 2020