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Even though we've all been affected by the calamity and have heard no shortage of news about it, it still seems unfathomable and utterly incomprehensible to most people that the actions of certain banks, mortgage companies, and Wall Street firms could bring the economic engine of the world to a grinding halt. Now, for the first time, and in terms everyone can grasp, noted analyst and value investing expert Whitney Tilson, along with his partner Glenn Tongue, explains not only how it happened, but shows that the tsunami of credit problems isn't over. Another even larger wave is yet to come. If you know catastrophe is looming, you can sidestep the train wreck, and even profit, but you need to understand how bad times present opportunity and where to look.
Tilson, a columnist for Kiplinger's Personal Finance, featured on 60 Minutes, and a regular on CNBC, started presenting his findings to everyday people and found them clamoring for more. Now in More Mortgage Meltdown, Tilson explains in a clear and understandable way how misguided assumptions, insatiable greed, reckless risk taking, and government inaction led to the creation of the greatest asset bubble in history, the aftermath of which is the perfect economic storm. Then, he shows you why there's still much more pain to come and what we can expect from the ongoing crisis over the next few years.
Finally, More Mortgage Meltdown teaches you how to find investment opportunities within the rubble and position your portfolio to take advantage of the crisis. The book uses in-depth case studies of individual companies and stocks to show how to evaluate investments in these uncertain times. You will learn how to spot warning flags in the financial statements of companies that can help you avoid losing your hard-earned money. And you will learn how to spot undervalued businesses with competitive advantages or hidden assets that will likely emerge stronger from the crisis. It is important for all of us to understand how the credit and mortgage crisis happened. Equally important is the chance to potentially profit in its aftermath.
America, it seems, just went crazy -- borrowers, lenders, nearly everybody. These anecdotes and others are told in a new book titled More Mortgage Meltdown by money managers... Read morePublished on June 21, 2010 by Daily Reckoning
I have been doing a series of book reviews on the financial crisis.. My latest book is More Mortgage Meltdown by Whitney Tilson and Glenn Tongue. Read morePublished on January 16, 2010 by Jacob Wolinsky
Absolutely superb review of the underlying causes of the current mortgage crisis. Funny to look at some of the data and charts (in retrospect) and wonder what people were thinking... Read morePublished on January 10, 2010 by George E. Thomas
Stop everything you are doing and order this book and go to the charts section of [...] and then go to [...] and enter your home address and see a chart of your home value. Read morePublished on January 10, 2010 by Amazonian
For those who naively subscribe to the consensus of denial that the worst is behind us, we ain't seen nuthin' yet. Read morePublished on November 20, 2009 by T. Snider
Whitney & Glenn were quick to understand the implications of the data they learned from Amherst Securities and unlike most people, they didn't keep this valuable information to... Read morePublished on October 6, 2009 by Marcelo P. Lima
This book would have to be published three years ago just as my housing bust call
on 05/11/2006 in order to be useful as an investment guide for investors. Read more
The authors have done an outstanding job when discussing the housing bubble and the resulting mortgage melt down. Read morePublished on September 7, 2009 by Rafael
I have just read the first part of the book and it is hard to put it down!! sounds so much more convincing and informative when a lot of detailed graphs, pie charts and tables are... Read morePublished on August 23, 2009 by JHMC