Ugly Americans: The True Story of the Ivy League Cowboy Who Raided Asia in Search of the American Dream

Mezrich, Ben

ISBN 10: 0060723254 ISBN 13: 9780060723255

Publisher: Harperaudio, 2004

Synopsis

The best-selling author of Bringing Down the House presents a fascinating morality tale with global financial implications as he documents the exploits of a group of elite hedge fund cowboys who used their talents to amass vast personal wealth and redefined the rules of international finance and the concept of the American Dream. Simultaneous.

About this title

Review:

Ugly Americans documents the "Wild East" of the mid-1990s, where young, brilliant and hypercompetitive traders became "hedge fund cowboys", manipulating loopholes in an outdated and inefficient Asian financial system to rake in millions. Using a concept called arbitrage, they made their fortunes mainly on minute shifts in stocks being sold on the Nikkei, the Japanese stock market, collapsing banks and nearly bankrupting the Japanese economy in the process. Other schemes were also concocted, most of which were technically legal, though certainly unethical. This true story revolves around "John Malcolm", who, in exchange for anonymity, agreed to give Ben Mezrich all the access and information he needed to write this book. As a recent Princeton graduate in the mid-1990s, Malcolm accepted an undefined job offer from an American expatriate in Japan to work in the investments field. Though he had no prior experience, he facilitated 25 million dollars worth of trades on his first day on the job, and it just got more exciting from there. He soon joined a small group of expatriates, all in their 20s and mostly Ivy League graduates, who lived like rock stars, thriving on the stress and excitement of their jobs to create their own steroid versions of the American Dream half a world away.

Mezrich tells this riveting story well, incorporating elements of the culture into his narrative, including the infamous and pervasive Japanese "Water Trade", or sex business, romantic intrigue and even run-ins with the Yakuza, the Japanese mafia. Though there is little real analysis of their financial dealings and how they ultimately changed the rules of finance in Asia, this entertaining page turner does offer a glimpse into a world little explored in print until now. --Shawn Carkonen, Amazon.com

Review:

"A high-octane passion play pitting a young man's ambition against his sense of humanity."--Oregonian

A high-octane passion play pitting a young man s ambition against his sense of humanity. --Oregonian"

About this edition

• Publisher: Harperaudio
• Publication date: 2004
• ISBN 10: 0060723254
• ISBN 13: 9780060723255
• Binding: Audio CD
• Editor: Allessi A. A.