内容简介
PraiseforMoreMortgageMeltdown"Youcouldn'taskforbetterguidesthanWhitneyandGlenntotakeyouthroughthetoughtimes.Theysawthemortgagemeltdowncomingandtheirnewbookcanhelpgetyouthroughitwithtimely,useful,andsageadvice."—JoelGreenblatt,ManagingPartner,GothamCapital;authorofTheLittleBookThatBeatstheMarketandYouCanBeaStockMarketGenius"Twogreatstudentsofinvestingexplainthegreateconomicdebacleandteachuswhattodoaboutit."—DavidEinhorn,founder,GreenlightCapital;authorofFoolingSomeofthePeopleAlloftheTime"Acogentguidetocurrentfinancialeventsandsourcebookwithinvestmentcasestudiesforvalueinvestingpractitionersandaspirants.Istronglyrecommendthatyougiveitathoroughandcarefulread."—WilliamAckman,founder,PershingSquareCapitalManagement,LP"Withclarityandtheirtypicalattentiontodetail,WhitneyandGlenndeftlyillustratekeyplotlinesforoureconomichorrorshow.Theythankfullyoffersomehopethatallwon'tbelostwhenthehouselightsgoup."—StevenRomick,Partner,FirstPacificAdvisors,LLC"WhitneyandGlennhavedoneanextraordinaryjobalertingallwhowouldlistenofdeep,andinmanyinstancesirreversible,perilsconfrontingfinancialindustryinvestorswithexposuretoU.S.mortgageindustrysecurities.WhilemostbankanalystsbusiedthemselvesrearrangingdeckchairsonourfinancialTitanic,WhitneyandGlennfixedtheirvisiononmortgageindustryicebergs.Whilethereissurelyenoughblametobespreadaroundasaresultofthefinancialindustry'sshamefulconduct,theydeservecreditforspeakingoutwiththeirearlyandaccuratewarnings."—ThomasA.Russo,Partner,GardnerRusso&Gardner
作者简介
WhitneyTilsonandGlennTonguearetheManagingPartnersofT2PartnersLLCandtheTilsonMutualFunds.Theformerfirmmanagesthreevalue-orientedhedgefunds,whilethelatteriscomprisedoftwomutualfunds,TilsonFocusFundandTilsonDividendFund.Mr.TilsonisthecofounderandChairmanoftheValueInvestingCongress,abiannualinvestmentconferenceinNewYorkCityandLosAngeles,aswellastheinvestmentnewslettersValueInvestorInsightandSuperInvestorInsight.HewritesaregularcolumnonvalueinvestingforKiplinger'sPersonalFinance,haswrittenfortheFinancialTimesandTheStreet.com,andwasoneoftheauthorsofPoorCharlie'sAlmanack,thedefinitivebookonBerkshireHathawayViceChairmanCharlieMunger.Hewasfeaturedon60MinutesinDecember2008,wasoneoffiveinvestorsincludedinSmartMoney's2006Power30,wasnamedbyInstitutionalInvestorin2007asoneoftwentyRisingStars,andappearsregularlyonCNBCandBloombergTV.HereceivedanMBAwithhighdistinctionfromtheHarvardBusinessSchool,wherehewaselectedaBakerScholar,andgraduatedmagnacumlaudefromHarvardCollegewithabachelor'sdegreeingovernment.Mr.TonguespentseventeenyearsonWallStreetpriortojoiningT2Partners,mostrecentlyasaninvestmentbankeratUBS,wherehewasamanagingdirectorspecializinginacquisitionsandleveragedfinance.BeforeUBS,Mr.TonguewasatDonaldson,Lufkin&Jenretteforthirteenyears,thelastthreeofwhichheservedasthepresidentofNYSE-listedDLJdirect,theconsistentlytop-ratedonlinebrokeragefirm.PriortoDLJdirect,Mr.TonguewasamanagingdirectorintheinvestmentbankatDLJ,whereheworkedonover100transactions,aggregatingmorethan$40billion.HereceivedanMBAwithdistinctionfromtheWhartonSchoolofBusinessandreceivedaBachelorofScienceinelectricalengineeringandcomputersciencefromPrincetonUniversity.Visitwww.moremortgagemeltdown.comtoaskWhitneyandGlennquestions,readtheirlatestthoughtsonthecompaniestheyanalyzeinthebook,seeupdatedcolorversionsofthebook'scharts,andmuchmore.