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1 of 1 people found the following review helpful
5.0 out of 5 stars Great business read
So what if this book is 14 years old? If you are looking for a good business book that reads like an exciting novel, this still does the trick. A great insight into Wall Street and the insider trading scandals of the 1980s. Sure it goes into loads of detail and is perhaps a bit too long, but there is no denying that Stewart is an exceptional writer. If you liked The...
Published on Oct. 24 2006 by Rob Nicol

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1 of 1 people found the following review helpful
3.0 out of 5 stars Not much in common with Wall Street today, I Hope!
Criticisms of this book center around the details of bond trading, specifically the authors miscalculation of commissions. Also, perhaps, some hearsay is included as facts. The author states that no anonymous sources are quoted, but there were un-named and 'not-for quote' sources used.
You either believe that the main characters (Michael Milken, Ivan Boesky, Martin...
Published on Nov. 22 2000 by michaeleve


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5.0 out of 5 stars Tintillating world of the reckless, Aug. 12 2000
By 
K. Johnson (US/Asia) - See all my reviews
(REAL NAME)   
This review is from: Den of Thieves (Paperback)
I became engrossed in this book, at times wanting to jump into Investment Banking, which was flovored by the 1980's tone and values that existed more prevalently during this time in American society. After this, one should explore Harvey Mackay's works. How could these four individuals: Dennis Levine, Martin Siegel, Michael Milkin, and Ivan Boesky, do so much before being held accountable? White collar crime is destructive, and destroys many lives. If the payoff is multi-millions, and the consequences are spending a short period of time in a country club, then the green light is on for greed and the "end justifies the means" mentality. I was able to correspond with James B. Stewart about this book and his other works.
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1.0 out of 5 stars Read an Objective Account Instead, Aug. 4 2000
By A Customer
This review is from: Den of Thieves (Paperback)
James Stewart should have known better than to rely entirely upon hearsay, and then feed the rumors to assist the unsavory, and many times unconstitutional, practices of New York prosecutor Rudolph Giuliani. It reads like a gripping tale of fiction, since most of the facts are invented, especially of Michael Milken. Stewart's naive understanding of high-yield debt financing and the very concept of leverage renders this book a mere gripe session for the author. His mathematics are innacurate and the emotionalism is copious.
Although currently out of print, I suggest Daniel Fischel's "Payback: The Conspiracy to Destroy Michael Milken and his Financial Revolution."
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1.0 out of 5 stars Read an Objective Account Instead, Aug. 4 2000
By A Customer
This review is from: Den of Thieves (Paperback)
James Stewart should have known better than to rely entirely upon hearsay, and then feed the rumors to assist the unsavory, and many times unconstitutional, practices of New York prosecutor Rudolph Giuliani. It reads like a gripping tale of fiction, since most of the facts are invented, especially of Michael Milken. Stewart's naive understanding of high-yield debt financing and the very concept of leverage renders this book a mere gripe session for the author. His mathematics are innacurate and the emotionalism is copious.
Although currently out of print, I suggest Daniel Fischel's "Payback: The Conspiracy to Destroy Michael Milken and his Financial Revolution."
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5.0 out of 5 stars Greed ain't so good, July 28 2000
By 
Brian D. Rubendall (Oakton, VA) - See all my reviews
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This review is from: Den of Thieves (Paperback)
James Stewart's expose on the Wall Streets scandals of the go-go 80's reads like the Oliver Stone film come to life. The stories of such high flying white collar crooks as Ivan Boesky and Michael Milken and how they met their downfall is nothing short of fascinating. These were guys whose genius made them wealthy beyond most people's wildest imaginations, but for whom enough was never enough. Stewart is a first rate journalist and having worked for the Wall Street Journal, he came to be intimately familiar with the particular villians and the heroic agents and prosecutors who caught them. Anyone with an interest in criminology or a few bucks invested in a high risk stock ought to read this.
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5.0 out of 5 stars Highly recommended - Easy for the Layman to Understand, May 18 2000
This review is from: Den of Thieves (Paperback)
James Stewart has a knack for storytelling. Even something that could be potentially dry as all get out he explains clearly and without a lot of hoopla. It is, what it is and that's the truth. Some people think his work is biased but I was knee deep in all of this when it was happening. I saw the after affects of all the mergers and buyouts. I worked in a large financial institution that provided some of the funding for these deals and I was able to see the deals up close and personal. Stewart doesn't exaggerate a thing so all you guys out there crying he's biased you need a reality check. What he documents is how corporate America lost its soul. How the average worker was further displaced, how corporate america quietly lost (and couldn't figure it out later) the loyalty of its work force. The affects of downsizing (reduction in force) are exacting a terrible price today. Ever wonder where customer service went. It went out the window when workers realized that 30 years with a company meant nothing and that a CEO could get paid 5 million for just being there and he didn't have to be competent.
Read it and think about it especially now that some time has passed since it was first written and tell me you don't get a chill down your spine.
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4.0 out of 5 stars AWESOME. Reads like fiction., March 4 2000
By A Customer
This review is from: Den of Thieves (Paperback)
This story is a classic one and everybody know it. But Stewart writes in an easy-to-read and compelling fashion that makes it like you're in the middle of the junk bond world of the 80's. Educational, fun and a must read for those starting out in the financial world.
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5.0 out of 5 stars Ingenuity, greed, profiteering- This book has it all., Dec 3 1999
By A Customer
This review is from: Den of Thieves (Paperback)
This book lays out all of the insider trading securities laws violations that were so prevalent in the 1980's. Stewart writes in a way that is simple without being simplistic. Den Of Thieves is a fast-paced documentary that anyone will find enjoyable to read.
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4.0 out of 5 stars Greed in a Banker's Clothing, Nov. 30 1999
By 
D. Ross "Don Ross" (Thailand) - See all my reviews
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This review is from: Den of Thieves (Paperback)
James Stewart's Den of Thieves is an absolute for students and Old Hands in the chameleon like world of proprietary trading. It's a mirror image of the fictionalized tale "The Bombadiers", which came out a few years ago. It also reminds me of a joke that used to go around the circuit - it went something like, Whats the difference between Tasmania and Goldman, Sachs? The answer, One is a country that earns $2.0 billion a year and shares it with 25 million people. Goldman, Sachs is a New York investment bank that earns $2.5 billion a year and shares it with 200 people. A must read for students of "the game".
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3.0 out of 5 stars Reads well, but not very objective. Needs math lesson., Oct. 22 1999
This review is from: Den of Thieves (Paperback)
First read this book in college. Reread it recently have having spent the last five years in the finance industry, several in high-yield investment banking. As a narrative, the book is a nice read, especially the first half. But to say that it's not an objective piece of work would be hyperbole. Stewart does well capturing the flavor and the sensationalism of the times but his assessment of Milken or Drexel or the high yield market, is not a sober or accuate one. And his numbers didn't always add up. (Take a calculator to those pages explaining bond commissions.) In the end, Stewart comes off as just another conspiracy theorist, before the conspiracy theories were in vogue. Still, kind of a fun read.
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5.0 out of 5 stars Excelent reading for those interested in investment Banking, Oct. 1 1999
By A Customer
This review is from: Den of Thieves (Paperback)
This book was really well writen and covers the breadth of what goes on in the investment banking world. I like the introductions on how the major investment houses started, and the roles of the Investment bankers, traders, lawyers, arbitragers etc. The central figure is Michael milken, who the book suggests is greedy and foul. The book is obviously on the side of US law enforcement, who some argue were biased and sought to destroy Milken for other motives. On the whole, I think it is a great book and it really helps one understand the whole finance game, and what happens (or used to happen) in wall street. Being from an Engineering and computing background, but with interest in M&A myself, I feel this book was really cool. I however reserve my judgements on Michael Milken till I read another book that is pro Milken. Taking away the crime aspects, I think Michael Milken is a genius.
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Den of Thieves
Den of Thieves by James B. Stewart (Paperback - Sept. 1 1992)
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