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The Match King: Ivar Kreuger, The Financial Genius Behind a Century of Wall Street Scandals
Paperback
Business BiographiesEconomicsInvesting & Finance
ISBN13: 9781586488123
Publisher: PublicAffairs
Published: Mar 9 2010
Pages: 288
Weight: 0.60
Height: 0.90 Width: 5.50 Depth: 8.40
Language: English
At the height of the roaring '20s, Swedish emigre Ivar Kreuger made a fortune raising money in America and loaning it to Europe in exchange for matchstick monopolies. His enterprise was a rare success story throughout the Great Depression. Yet after his suicide in 1932, it became clear that Kreuger was not all he seemed: evidence surfaced of fudged accounting figures, off-balance-sheet accounting, even forgery. He created a raft of innovative financial products-- many of them precursors to instruments wreaking havoc in today's markets. In this gripping financial biography, Frank Partnoy recasts the life story of a remarkable yet forgotten genius in ways that force us to re-think our ideas about the wisdom of crowds, the invisible hand, and the free and unfettered market.
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