An award-winning financial journalist profiles the masters of the dark art of short selling. Despised by regulators, politicians, publicly traded companies, and even the general public, short sellers trade at the fringe of accepted practice, preying on and profiting on the failure of others - and sometimes even encouraging that failure in the process. Joseph Kennedy allegedly shorted the stock market crash of 1929 to great profit. George Soros shorted sterling in 1992 and nearly destroyed the British pound, earning GBP1 billion in the process. Even legendary economist John Maynard Keynes tried to short European currencies in the 1920s, only to be crushed by a rallying Deutschemark. Are short sellers heartless financial wizards who manipulate markets to the harm of us all, or are they simply opportunists who profit when they guess correctly? In Short Sellers , award-winning journalist Richard Teitelbaum profiles some of the world’s most successful short sellers - Jim Chanos, Steve Eisman, John Levin, and Paolo Pellegrini, among others. He examines their personal traits and foibles, looks at particular trades both successful and unsuccessful, and reveals the various strategies, styles, and tactics they employ. This book offers an inside look at what short sellers do, how they do it, and how they impact the markets in the process. It includes profiles of a dozen or more major names in the short selling game. It is written by an award-winning senior writer at Bloomberg Markets magazine. Short Sellers offers an unvarnished inside look at some of the biggest names in the financial world, examining the tactics they use to earn billions gambling on the failure of companies, currencies - and even entire nations.

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