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Hardcover Riches Among the Ruins: Adventures in the Dark Corners of the Global Economy Book

ISBN: 081441060X

ISBN13: 9780814410608

Riches Among the Ruins: Adventures in the Dark Corners of the Global Economy

Selected by Strategy+Business magazine as one of the best business books for 2009 in the Globalization category Selected by The 800-CEO-Read Business Book Awards of 2009 in the Biographies & Narratives category - short list Today, Robert P. Smith is a legend in the world of finance. Part adventurer and part economic warrior, this Indiana Jones of the financial world was an advance man for the forces of globalization, having spent more than thirty years traveling through five continents, buying and selling high-risk securities in the world's most downtrodden economies. So tenuous was his operation and so covert the transactions, that an overnight fluctuation in a country's currency rate could mean the difference between a spectacular profit or a devastating loss. Today, the trade in emerging market debt is worth more than five billion dollars a day, but it was virtually nonexistent when Smith, a one-time collections lawyer, pioneered the business in the late 1970s. Riches Among the Ruins is the extraordinary story of Robert Smith's search to make money doing the riskiest kind of business. We are at his side as he travels through the treacherous and exhilarating world of the debt trader, dodging bullets and roadside bombs in post-Saddam Iraq, and risking his life on the chaotic streets of Nigeria. As he engages in a battle of wills with businessmen in Istanbul, and loses millions overnight in the ruins of the post-Soviet Russian economy, we experience all of the thrill and terror that accompanies making big money in emerging markets. At once adrenaline-fueled and utterly compelling, this is the gripping story of one man's quest for fortune where others fear to tread. This description may be from another edition of this product.

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Format: Hardcover

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Rated 5 stars
International Finance, Jason Bourne Style

Finance has never been my area of expertise, but this book triggered a new-found enthusiasm for me. When you think of bonds, you don't think "adventure;" more likely, you imagine staid and boring traders sitting at desks on Wall Street, shouting into phones, wearing pinstripe suits and expensive sunglasses. The author of this book is about as far from that stereotype as you can imagine, although he does spend his fair share...

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Rated 5 stars
Fantastic story filled with great insights

Most self-help teachers advise those seeking success to find a good role model and emulate what they did to achieve success. The idea is that success leaves footprints - steps that others can follow. Riches Among the Ruins is a great example and Robert Smith would be an excellent role model for others to follow. He finished last in his high school class. But his financial success has allowed him to build a theater and...

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Rated 5 stars
creditor adventurism

Who says being a banker is steady and boring? Smith paints an image of high wire adventurism that gets more interesting with each chapter (the climax being present day Iraq). Its light on financial theory but makes up for it with practical wisdom on how business gets done in the shady world of emerging market bonds. great summer read!

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Rated 5 stars
I'd recommend this book in a heartbeat!!

I was intrigued from the title considering the times we're living in, and I zipped through this well-written, humorous, and interesting book. It reads like an international adventure and is great for someone who is curious about how the world used to work when developing countries teetered near bankruptcy in the 70's and 80's, all told from an entrepreneur's eyes with self-deprecating humility. Especially good book for someone...

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Rated 5 stars
Pertinent lessons for today's economy

Part exciting adventure thriller, part financial advice, this book reads like an Indiana Jones or Ian Fleming story. Smith takes us through his shenanigans in often war-torn perilous developing countries, where he tried (sometimes successfully and sometimes unsuccessfully) to forge a new financial instrument. Today's huge emerging market industry was shaped by economic frontmen like Smith, and likewise, our nation's woes could...

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