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Wall Street

Business

Bill Hwang Had $20 Billion, Then Lost It All in Two Days

The fast rise and even faster fall of a trader who bet big with borrowed money.

Erik Schatzker, Sridhar Natarajan, Katherine Burton Bloomberg Businessweek Apr 2021 Permalink

Business

The Beach Bum Who Beat Wall Street and Made Millions on GameStop

Mike McCaskill spent years scouring the stock market and betting on long shots. Then he found the opportunity that changed his life—and helped spark the mother of all short squeezes.

David Hill The Ringer Feb 2021 30min Permalink

Business

The Big Short War

On a battle between billionaire hedge-funders.

William D. Cohan Vanity Fair Apr 2013 30min Permalink

Best Article Business

Stock Manipulator, S.E.C. Nemesis—and 15

Using several email addresses and a lot of exclamation points, teenager Jonathan Lebed worked finance message boards in the morning before school and made almost a million bucks. Then he made the head of the S.E.C. look like a fool.

Read more

Previously: Michael Lewis on the Longform Podcast

Michael Lewis New York Times Magazine Feb 2001 35min Permalink

Business

The Only One in the Room

On Wall Street, being Black often means being alone, held back, deprived of the best opportunities.

Max Abelson, Sonali Basak, Kelsey Butler, Matthew Leising, Jenny Surane, Gillian Tan Bloomberg Aug 2020 30min Permalink

Business World

“It’s Like a Burning Theater, and Everyone Is Trying to Get To the Door”

An oral history of the day oil prices went below zero for the first time in trading history.

Jessica Camille Aguirre Vanity Fair May 2020 Permalink

The #MeToo Case Dividing Wall Street

Sara Tirschwell accused her Wall Street boss of misconduct, but that was just the beginning of her troubles.

Anna Silman The Cut Aug 2019 25min Permalink

Best Article Business Crime

Jeffrey Levitt Stole $15 Million

“Jeffrey Levitt stole and misappropriated a grand total of fourteen million, six hundred ninety-nine thousand, nine hundred forty-seven dollars and fifty-eight cents. He stole all that. It was the largest single white-collar crime in Maryland history, almost bringing down the state’s entire savings and loan industry.” And it still wasn’t enough.

Tony Kornheiser Washington Post Oct 1986 25min Permalink

Business

The Bounty Hunter of Wall Street

Short-seller Andrew Left sniffs out corporate fraud—and gets rich doing it.

Jesse Barron New York Times Magazine Jun 2017 20min Permalink

Business Crime

How the Flash Crash Trader’s $50 Million Fortune Vanished

It took Nav Sarao a long time to accept that he might have been scammed out of $50 million.

Liam Vaughn Businessweek Feb 2017 20min Permalink

Business World

Oil Is the Cheap Date From Hell

On the parasitic relationship between oil and the stock market.

Peter Coy, Matthew Philips Bloomberg Businessweek Feb 2016 10min Permalink

Business

Betting on the Blind Side

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.

Michael Lewis Vanity Fair Apr 2010 45min Permalink

Business Crime World

Inside Job

How Raj Rajaratnam and a McKinsey chairman made millions off a maid.

Nilita Vachani Caravan Nov 2015 25min Permalink

Business Science Sports

The Trader in the Wild

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.

Chip Brown Businessweek Apr 2014 15min Permalink

Business

How an Undocumented Immigrant From Mexico Became a Star at Goldman Sachs

Even for a high-powered “A-Type,” living on forged documentation is an endurance test.

Max Abelson Bloomberg Feb 2015 15min Permalink

Business

California Goes Nuts

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.

Tom Philpott Mother Jones Jan 2015 15min Permalink

Business Crime

The $9 Billion Witness

The central witness in “one of the biggest cases of white-collar crime in American history” speaks out.

Matt Taibbi Rolling Stone Nov 2014 25min Permalink

Business

Inside the New York Fed: Secret Recordings and a Culture Clash

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.

Read more

Listen to the radio version of this story from </em>This American Life</a>.</p>

Jake Bernstein ProPublica Sep 2014 25min Permalink

Business World

The Hedge Fund and the Despot

The Wall Street firm that bailed out Robert Mugabe.

Cam Simpson, Jesse Westbrook Businessweek Aug 2014 15min Permalink

Business

The $13 Billion Mystery Angels

The hedge funders who tried to give away a fortune anonymously.

Zachary R. Mider Businessweek May 2014 15min Permalink

Business

The Wolf Hunters of Wall Street

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.

Michael Lewis New York Times Magazine Mar 2014 45min Permalink

Business

What I Saw When I Crashed a Wall Street Secret Society

The first known infiltration of the finance fraternity Kappa Beta Phi.

Excerpted from Young Money.

Kevin Roose New York Feb 2014 10min Permalink

Business Crime

The Mark

On then-agent, now-congressman Michael Grimm and what happens when an F.B.I. informant turns out to be a con man.

Evan Ratliff New Yorker May 2011 30min Permalink

Business

Marty Sullivan Figured Out How The World's Biggest Companies Avoided Billions In Taxes

A profile of the policy wonk who shone the light and turned the tide on overseas tax havens.

Steven Pearlstein Washington Post Oct 2013 20min Permalink

Business Crime

Did Goldman Sachs Overstep in Criminally Charging Its Ex-Programmer?

Shortly before leaving Goldman Sachs, Sergey Aleynikov downloaded around 32mb of source code from their high-frequency stock-trading system. Even as he was sent away for an eight year bid in federal prison, no one seemed to fully understand exactly what he did.

Michael Lewis Vanity Fair Aug 2013 45min Permalink

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