Dear Mr. Buffett
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Janet Tavakoli takes you into the world of Warren Buffett by way of the recent mortgage meltdown. In correspondence and discussion with him over 2 years, they both saw the writing on the wall, made clear by the implosion of Bear Stearns. Tavakoli, in clear and engaging prose, explains how the credit mess happened beginning with the mortgage lending Ponzi schemes funded by investment banks, the Fed bailout and its ...more
By Jessica Schneider Feb 12, 2009, 14:26 GMT
“Dear Mr. Buffett: What An Investor Learns 1,269 Miles From Wall Street” is the latest by Janet M. Tavakoli.
According to the product description:
“Janet Tavakoli takes you into the world of Warren Buffett by way of the recent mortgage meltdown. In correspondence and discussion with him over 2 years, they both saw the writing on the wall, made clear by the implosion of Bear Stearns.
Tavakoli, in clear and engaging prose, explains how the credit mess happened beginning with the mortgage lending Ponzi schemes funded by investment banks, the Fed bailout and its impact on the dollar.
Through her narrative, we hear from Warren Buffett and learn how his enduring principles caused him to see the mess that was coming well in advance and kept him and his investors well out of the way.”
According to the press release:
“Investments in pension funds, mutual funds and retail investments soured. For some of these investors it seemed like a suicide pact with Merrill and other culpable investment banks.
But for many naïve retail investors andfor prudent financiers who are watching the effects on the global financial community, Murder-Suicide seems a more apt description. Moreover, Merrill was not the only investment bank that participated in this madness.”
If these tidbits interest you, more info can be found on Amazon. There is also a lengthy editorial review which notes:
“Parts of the book read like replaying a YouTube video of a hurricane. Whether or not you agree with Tavakoli in all cases on the details and/or her approach, what comes through in every sentence is her conviction and courage in recounting what happened and her creativity and concretization in proposing safeguards and solutions.”
Wiley, 282 pages.
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Dear Mr. Buffett: What An Investor Learns 1,269 Miles From Wall Street by Janet M. Tavakoli
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