Jul

6

 The Match King by Frank Partnoy covers the Swedish Match company and Ivar Kruegar who committed suicide after developing many derivatives, forging Italian bonds, and developing new methods of manufacturing buildings and matches. He did real trading unlike Madoff but used many of the same techniques. He tried to follow the example of the south sea bubble and Mississippi bubble to get us lenders to funnel money through him to loan to foreign governments in exchange for monopolies.

Author is a respected attorney with Wall street experience. Very resonant. Also A History of the United States in Five Crashes by Scott Nations. Cover the 1907, 1929, 1987, 2008, and flash crash of 2010. Insightful, interesting and anecdotal with some analysis.


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