Well, when you write that one, I think you’ll have a fair number of us who comment around these parts passing the title around (!).

True the only book that might be more popular at the Lake would be a page by page comparison of Sun Tze and how Bush waged the war in Iraq and Afghanistan emphasis on mistakes.
I predict a best seller:)

Everyone who hasn’t bought Charles’ book, do so now – then tell all your friends to do the same!!!!

Just a ’second’ to that thought. It’s a terrific read, very clearly explained — and nice to read financial material that doesn’t just leave me steaming. It’s an optimistic read!

I thoroughly enjoyed this book — lots of margin notes.
Sounds like I now need to read the one that won the Loeb Award ;-))

And thanks to everyone here!!!

Everyone who hasn’t bought Charles’ book, do so now – then tell all your friends to do the same!!!!

And the B-school guys wrecked american business, but that book I haven’t written yet.

Well, when you write that one, I think you’ll have a fair number of us who comment around these parts passing the title around (!).

And THAT book, I’ll bet my ‘in person’ book club would read. (Three accountants in that group, FWIW. Oh, and they’re all married to OTHER accountants…)

Best, (and I’m getting your book)

In the mid 1990s – CDOs contained emerging market and high yield bonds, and weren’t so layered. Fast forward a decade, and deals that had 4 pieces, became ones with 100 – they contained pieces of other CDOs, and other esoteric products.

Wow, that’s an epiphany.
The part that makes me completely nuts is the notion that the same item could have unlimited numbers of CDOs written on it. I mean, honestly, how many insurance policies is my homeowner’s policy really going to allow me to write on my home?!

Yet, if I were in ‘the market’, couldn’t I write a new ‘contract’ on my house just about every 10 minutes?
Madness.