V. 22:6 (130): Books For Traders by Technical Analysis, Inc.
Here are brief descriptions of recently published books in the financial field.
Ponzi (347 pages, $14 softcover, 2004, ISBN 0-
7679-1499-6) by Donald Dunn, published by Broadway
Books. The republishing of this 1975 biography
seems altogether fitting in light of today’s recent corporate shenanigans. The tie-in is exemplified by
Senator Peter Fitzgerald’s quote on the cover of the book of his comment to former Enron chairman Kenneth Lay: “You, sir, are the most accomplished confidence man since Charles Ponzi.” This book is about the man who is synonymous with the classic “rob-Peter-to-pay-Paul” scam in which money from new investors is used to reward earlier ones. In six months, Charles Ponzi went from an unknown Italian immigrant to a “wizard of finance” lionized by the public and politicians alike. Based on interviews with people who knew Charles Ponzi, including his widow, this book recreates one of the most notorious and colorful financial con-artists and the mad, money-hungry era in
which he thrived. . .