More Mortgage Meltdown: 6 Ways to Profit in These Bad Times [Hardcover]

I as a Value Investor have known Whitney Tilson for couple of years now. I was eagerly waiting for this book, not to read but to store a copy for my best of best collection, reason being Whitney was very generous in sharing this state of art work through his newsletter (weekly emails) way back in Feb 2008. He has shared his views on the mortgage crisis long before anyone I know thought about it. Even if very few talked, no one shared a 60+ page presentation to general public without fees. I was very lucky to steer clearly away from the mortgage meltdown just because of the forewarnings generated by Whitney's email in Feb 2008. In this highly secretive hedge fund industry where manager's left hand doesn't know what his right hand is going to do, Whitney comes out as a selfless person who wants to give back to the society. He organizes a Value Investing Congress which I recommend every Value Investor to attend as it's very rare that so many great minds come together and share lots of good investment opportunities.

There are many books in the market which looks back in time and tell us the story of what has happened. This book is rare in the sense that the authors accurately predicted the crisis and made the presentation of mortgage meltdown (when the crisis was in its second innings) and issued a note that the crisis will need a full fledged Government intervention (when the word bailout was not heard off) to get through it. And later when the crisis was midway, wrote a book out of their original presentation. So not only the authors know about the mortgage crisis but they also knows about the accurate timing, magnitude, financial & emotional damage it has caused and many more things. This book accurately describes the fact that there is lot more to come and provide investors several key ways in which not only they can survive this meltdown but also thrive from it. The book touches every aspect of mortgage industry, cause and effects along with good investment tips. I don't want to be a spoiler to the new readers so will not say more about the book material but to recommend every stock investor to read the book at least once and take advantage of the great tips given by the authors. Book will be a good read for people who are still trying to understand how bundle of mortgages can bring down the entire world economy to its knees. Book is very simple, straightforward and has enough charts, tables and examples to make it easy to understand even for casual readers. All in all, great value for money and time and a must read!

The first half was an excellent analysis of the mess we are in and how it will only get worse. Second 1/2 advice was fair, but not why to buy the book. Should have had more evaluation of what happens as a consequence of this problem, rather than his case studies. Worth the first 1/2 but a bit disappointing after that. Read it, then HS Dent's "The Great Depression Ahead" and you will have a real game plan.

This book is a great analysis of how we got ourselves into the mess that tipped the entire world into the recession. The authors have lots of supporting data to prove their points. The reader not only finds out the causes the mortgage meltdown, but also learns how to profit going forward. The authors present a case study of the following companies: American Express, Resource America, Long Beach Mortgage Loan Trust, MBIA Inc, and Wells Fargo. I highly recommend this book.

- Mariusz Skonieczny, author of Why Are We So Clueless about the Stock Market? Learn how to invest your money, how to pick stocks, and how to make money in the stock market