Hot stuff – I’m adding this book
Don’t Blame the Shorts: Why Short Sellers Are Always Blamed for Market Crashes and How History Is Repeating Itself is likely to be a business best-seller. Written by Robert Sloan, managing partner of S3 Partners, LLC, defends the role of short-sellers in the market.
While much of the business media blames the shorts for the downturn in the stock market and even the fall of major banks like Bear Stearns and Lehman Brothers, the reality is that smart short-sellers have identified almost every major collapse in history way earlier than the crowd. Shorts like Jim Chanos of Kynikos Associates were warnings investors about Enron WAY before the mainstream Wall Street complex got onto the story.
Shorts also serve other important purposes, like improving market liquidity, ensuring that both sides of a story get told, and they even provide more firepower for upward stock moves when the bulls turn out to be right.
Click to read more on Amazon.com
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Investment Book of the Year. Barry is one of the best financial and economics blogger out there, but still, that is one heck of an honor for his first book!