Black Edge, the story of a nobody that conquer the mighty wall street. If it sounds like your typical rag to riches story, you are not far away.
The rise of Stevie A Cohen through the noise of wall street to become a billionaire and revered hedge fund manager is well captured even though no substantial quote from Stevie.
Black Edge covers the widespread of inside trading across wall street and hedge fund industry, using SAC as a case study. The book mentioned so many names, it is difficult to keep track of who is involved in what.
The book is very insightful and thrilling. It would make a good movie for a boring Friday night.
If you are interested in knowing how the justice department, FBI, and SEC pursue white collar crimes like Inside trading, go no further than this book.
Black edge takes you through every detail of investigating inside trading in the most successful hedge fund company and the plight to bring down the most successful man in the history of the hedge fund.
Be very careful when you start reading the book, don’t expect any academic learning about financial crime, inside trading or wall street.
However, it does highlight how much dirty money awash in wall street and the challenge of the government to clamp down on the activities of wall street heavy hitters.
Sheelah tries to bring each character to life by providing information such as family, academic and employment background.
Be patient while reading about their background because they come in handy in understanding the behavior of the characters. Although, sometimes the background seems to muddle the water of a good story.
Black edge is far from the salacious story told in wolf of wall street movie, although have fun reading about the mind-boggling bonuses earned by the characters.
Sheelah account of activities relating to the most wanted man in wall street is quite lively and easy to read. Once you read Black edge, you don’t need to read any storytelling book about inside trading again. Kudos to Sheelah for her effort in bringing the story to life.