On the parasitic relationship between oil and the stock market.
Tag: Wall Street
Sitting alone in his San Jose office, Michael Burry saw the bubble in the subprime-mortgage market before anyone else. So he convinced Wall Street to let him bet on it, even though few were betting on him. The article that became The Big Short.
Kate Matrosova was a classic overachiever and, at 32, had everything to live for. Still she set out alone into the mountains of New Hampshire—and a deadly storm.
Even for a high-powered “A-Type,” living on forged documentation is an endurance test.
It takes a gallon of water to grow a single almond. Yet in drought-ravaged California, hedge funds are racing to plant as many new trees as they can.
The central witness in “one of the biggest cases of white-collar crime in American history” speaks out.
When Carmen Segarra was hired to examine Goldman Sachs for the New York Fed, she bought a small recorder and began taping her meetings. Here is what she found before she was fired.
Listen to the radio version of this story from This American Life.
The Wall Street firm that bailed out Robert Mugabe.
The hedge funders who tried to give away a fortune anonymously.
How Brad Katsuyama, a trader at the sleepy Royal Bank of Canada, discovered that the stock market was rigged and assembled a team to change it.
Adapted from Flash Boys: A Wall Street Revolt.
The first known infiltration of the finance fraternity Kappa Beta Phi.Excerpted from Young Money.