John Wiley & Sons Trailblazers, Heroes, and Crooks Cover Develop a sound investment philosophy based on lessons from history Trailblazers, Heroes, and Crook.. Product #: 978-1-394-27592-2 Regular price: $27.94 $27.94 In Stock

Trailblazers, Heroes, and Crooks

Stories to Make You a Smarter Investor

Foerster, Stephen R.

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1. Edition September 2024
256 Pages, Hardcover
Wiley & Sons Ltd

ISBN: 978-1-394-27592-2
John Wiley & Sons

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Develop a sound investment philosophy based on lessons from history

Trailblazers, Heroes, and Crooks: Stories to Make You a Smarter Investor is a highly entertaining and insightful look into key stories from history, teaching lessons about sound principles of investing, and controlling emotions and bias when managing your investment portfolio to help you become a stronger, more intelligent investor. Written by author and finance professor Stephen R. Foerster, this book spans from before the Middle Ages to the 2020s.

Some of the stories in this book include:

* Cristiano Ronaldo taking two bottles of Coke off a table at a press conference, and ostensibly causing Coca-Cola's stock value to plunge $4 billion

* Harry Markopolos trying to develop a strategy similar to Bernie Madoff's, realizing his strategy was bogus, and spending a decade proving his case

* A hostage crisis in twelfth century Venice involving trumped-up charges, conflict, deceit, a plague, and an angry mob, leading to the birth of government bonds

* A salad oil swindle almost destroying American Express, prompting Warren Buffett to make one of the best stock investments ever

For both experienced and novice investors, Trailblazers, Heroes, and Crooks: Stories to Make You a Smarter is a fun, accessible, and informative guide that through history shows, not tells, you how to develop an investment philosophy of guiding principles, and become a better investor.

Preface vii

Chapter 1 Did Ronaldo Move the Stock Market? 1

Chapter 2 Masterly Inactivity: the Art of Not Acting 13

Chapter 3 Opportunity Cost: Why Pay Bonilla Not to Play Baseball 23

Chapter 4 Madoff's Ponzi Scheme: Trust, but Verify Before Investing 35

Chapter 5 How Investor Fomo Cost Newton a Fortune 53

Chapter 6 Hetty Green, the Queen of Value Investing 67

Chapter 7 Greed and Fear: Buffett and the Great Salad Oil Swindle 91

Chapter 8 The Blank-check Company Scam 109

Chapter 9 A Tennis Book and the Index Revolution 123

Chapter 10 Why Swiss Bankers Bet on Young Lives 137

Chapter 11 Bre-x: All That Glitters Isn't Gold 153

Chapter 12 Autopilots Gone Wrong 173

Chapter 13 A Hostage Crisis and the Birth of Government Bonds 187

Chapter 14 A Revolutionary Innovation to Fight Inflation 203

Chapter 15 A Market Crash, Recovery, and Conspiracy Theories 219

Acknowledgments 235

About the Author 239

Index 241
STEPHEN R. FOERSTER is an author and finance professor at the Ivey Business School at Western University in London, Ontario, Canada. He has a PhD from the Wharton School, University of Pennsylvania and a Chartered Financial Analyst designation. His previous books include Financial Management: A Primer; Financial Management: Concepts and Applications; and In Pursuit of the Perfect Portfolio: The Stories, Voices, and Key Insights of the Pioneers who Shaped the Way We Invest (with Andrew W. Lo), which won the Axiom Personal Finance category silver medal. His next project: writing the authorized biography of William Sharpe, 1990 recipient of the Nobel Prize in Economics.

S. R. Foerster, University of Western Ontario, Canada