How to Smell a Rat: The Five Signs of Financial Fraud

Overview

How to smell a rat

Did you know that nearly every financial scam, including Bernard Madoff's $65 billion Ponzi scheme, could have easily been avoided? Ken Fisher does, and now, in How to Smell a Rat, he arms you with five simple signs that can alert you to possible scams and insulate you against financial fraud.

How to Smell a Rat is an informative look at recent and historic examples of fraudsters, how they operated, and how their scams could ...

See more details below
Other sellers (Hardcover)
  • All (93) from $1.99   
  • New (13) from $1.99   
  • Used (80) from $1.99   
How to Smell a Rat: The Five Signs of Financial Fraud

Available on NOOK devices and apps  
  • NOOK Devices
  • Samsung Galaxy Tab 4 NOOK 7.0
  • Samsung Galaxy Tab 4 NOOK 10.1
  • NOOK HD Tablet
  • NOOK HD+ Tablet
  • NOOK eReaders
  • NOOK Color
  • NOOK Tablet
  • Tablet/Phone
  • NOOK for Windows 8 Tablet
  • NOOK for iOS
  • NOOK for Android
  • NOOK Kids for iPad
  • PC/Mac
  • NOOK for Windows 8
  • NOOK for PC
  • NOOK for Mac
  • NOOK for Web

Want a NOOK? Explore Now

NOOK Book (eBook)
$10.49
BN.com price
(Save 38%)$16.95 List Price

Overview

How to smell a rat

Did you know that nearly every financial scam, including Bernard Madoff's $65 billion Ponzi scheme, could have easily been avoided? Ken Fisher does, and now, in How to Smell a Rat, he arms you with five simple signs that can alert you to possible scams and insulate you against financial fraud.

How to Smell a Rat is an informative look at recent and historic examples of fraudsters, how they operated, and how their scams could have been avoided. Page by page, this reliable resource highlights various features of potential frauds and provides you with an insider's view on how to spot financial disasters before you become a part of them.

Most investment scams can be easily detected and more easily avoided. While Bernard Madoff may be a criminal, the greater crime is that investors continue to be swindled for no reason. Pick up How to Smell a Rat, and learn how to protect yourself as best you can from financial fraud.  

Read More Show Less

Editorial Reviews

From the Publisher
With five straightforward rules that would have saved any investor from Bernie Madoff, investment firm CEO and Forbes columnist Fisher (100 Minds That Made the Market) gives readers a secure plan for fraud-proof investing, worthwhile for novices and sophisticated financiers alike. Using the example of everyman “Jim,” a precarious investor navigating shark-filled waters, Fisher presents a clear, fast-paced, tightly organized guide to principles like “Too good to be true usually is,” and “Due diligence is your job, no one else's.” Fully-referenced data, insider details, laser-focused statistical digressions, and the finer points of practical investing keep pages turning. Readers will value the practical, easy-to-follow models of solid, transparent investment strategies and examples from Fisher's experiences as CEO of his own investment firm. Fisher also includes suggestions for further reading and appendices that reproduce previously-published comparisons of different asset allocations, information for small business owners and short biographies of market-movers. Much more than what to avoid, Fisher’s concise guide should be highly illuminating and confidence-building for anyone with a bank account. (Aug.) Starred review (Publishers Weekly, September 2009)

Using well-known examples from recent headlines like Bernard Madoff and R. Allen Stanford along with a bevy of historical scam artists, Fisher details the red flags that should alert investors. They are: advisers who have access to your money; promises of returns that are too good to be true; mumbo-jumbo that takes the place of explaining investing strategy; fake benefits like exclusivity, and relying on someone else for due diligence. (Associated Press)

Publishers Weekly
In the wake of Bernie Madoff's $65 billion Ponzi scheme comes this book that helps listeners invest safely and identify financial scams big and small. As straightforward as it sounds, the book is surprisingly entertaining, featuring an allegory of a cautious investor, stories about fraudsters throughout history and the five rules to evade scams. Scott Thomsen delivers a vivid reading and bypasses the pitfalls of dryness and one-dimensionality that plague so many narrators of financial and business audio books. The material allows Thomsen to loosen his collar and convey the information (and help the medicine go down) with personality and panache. A Wiley hardcover (Reviews, Sept. 7) (Sept.)
Read More Show Less

Product Details

  • ISBN-13: 9780470526538
  • Publisher: Wiley
  • Publication date: 7/27/2009
  • Series: Fisher Investments Press Series
  • Edition number: 1
  • Pages: 224
  • Sales rank: 648,151
  • Product dimensions: 6.20 (w) x 9.10 (h) x 0.90 (d)

Meet the Author

Ken Fisher is best known for his prestigious 'Portfolio Strategy' column in Forbes magazine, where his twenty-five-year tenure of high-profile calls makes him the fourth longest-running columnist in Forbes? 90-plus-year history. Ken is the founder, Chairman, and CEO of Fisher Investments, an independent global money management firm. He is on Investment Advisor magazine's prestigious IA-25 list of the industry's most influential people; is the award-winning author of numerous scholarly articles; and has published five previous books, including the New York Times bestsellers The Only Three Questions That Count and The Ten Roads to Riches-both of which are published by Wiley. Ken has been published, interviewed, and/or appeared in most major American, British, and German finance or business periodicals. He has a weekly column in Focus Money, Germany's leading weekly finance magazine.

Lara Hoffmans graduated from the University of Notre Dame with a BA in theatre. She is a content manager at Fisher Investments and contributing editor of MarketMinder.com. She also coauthored with Ken Fisher the bestsellers The Only Three Questions That Count and The Ten Roads to Riches.

Read More Show Less

Table of Contents

Acknowledgments.

Introduction.

Chapter 1: Good Fences Make Good Neighbors.

Chapter 2: Too Good To Be True Usually Is.

Chapter 3: Don't Be Blinded by Flashy Tactics.

Chapter 4: Exclusivity, Marble, and Other Things That Don't Matter.

Chapter 5: Due Diligence Is Your Job, No One Else's.

Chapter 6: A Financial Fraud-Free Future.

Appendix A: Asset Allocation - Risk & Reward.

Appendix B: Same But Different—Accounting Fraud.

Appendix C: Minds that Made the Market.

Notes.

Index.

About the Authors.

Read More Show Less

Customer Reviews

Be the first to write a review
( 0 )
Rating Distribution

5 Star

(0)

4 Star

(0)

3 Star

(0)

2 Star

(0)

1 Star

(0)

Your Rating:

Your Name: Create a Pen Name or

Barnes & Noble.com Review Rules

Our reader reviews allow you to share your comments on titles you liked, or didn't, with others. By submitting an online review, you are representing to Barnes & Noble.com that all information contained in your review is original and accurate in all respects, and that the submission of such content by you and the posting of such content by Barnes & Noble.com does not and will not violate the rights of any third party. Please follow the rules below to help ensure that your review can be posted.

Reviews by Our Customers Under the Age of 13

We highly value and respect everyone's opinion concerning the titles we offer. However, we cannot allow persons under the age of 13 to have accounts at BN.com or to post customer reviews. Please see our Terms of Use for more details.

What to exclude from your review:

Please do not write about reviews, commentary, or information posted on the product page. If you see any errors in the information on the product page, please send us an email.

Reviews should not contain any of the following:

  • - HTML tags, profanity, obscenities, vulgarities, or comments that defame anyone
  • - Time-sensitive information such as tour dates, signings, lectures, etc.
  • - Single-word reviews. Other people will read your review to discover why you liked or didn't like the title. Be descriptive.
  • - Comments focusing on the author or that may ruin the ending for others
  • - Phone numbers, addresses, URLs
  • - Pricing and availability information or alternative ordering information
  • - Advertisements or commercial solicitation

Reminder:

  • - By submitting a review, you grant to Barnes & Noble.com and its sublicensees the royalty-free, perpetual, irrevocable right and license to use the review in accordance with the Barnes & Noble.com Terms of Use.
  • - Barnes & Noble.com reserves the right not to post any review -- particularly those that do not follow the terms and conditions of these Rules. Barnes & Noble.com also reserves the right to remove any review at any time without notice.
  • - See Terms of Use for other conditions and disclaimers.
Search for Products You'd Like to Recommend

Recommend other products that relate to your review. Just search for them below and share!

Create a Pen Name

Your Pen Name is your unique identity on BN.com. It will appear on the reviews you write and other website activities. Your Pen Name cannot be edited, changed or deleted once submitted.

 
Your Pen Name can be any combination of alphanumeric characters (plus - and _), and must be at least two characters long.

Continue Anonymously
Sort by: Showing 1 – 10 of 11 Customer Reviews
  • Anonymous

    Posted August 28, 2009

    If you plan on hiring an investment adviser - READ THIS BOOK FIRST!

    Great book. Very useful, easy to read, actually funny in parts.

    4 out of 4 people found this review helpful.

    Was this review helpful? Yes  No   Report this review
  • Posted September 1, 2009

    I Also Recommend:

    Very relevant

    Picked this up at an airport and it kept me engrossed through my flight. With all the news about Madoff, it's easy to worry about who is and who might be the next Ponzi guy. But this book makes it very easy to do the right kind of due diligence. I also appreciated the historic examples and anecdotes. Who knew Joe Kennedy was such a chicken thief? Apparently FDR!

    3 out of 3 people found this review helpful.

    Was this review helpful? Yes  No   Report this review
  • Posted September 2, 2009

    I Also Recommend:

    Take this book with you when interviewing advisors

    This book was excellent, to the point, and will be invaluable to me. I am taking it with me next Thursday when I am having a meeting with a possible money manager. I'm opening it a page 36 and asking those questions and checking his answers. Thanks to this book I will not be scammed.

    2 out of 2 people found this review helpful.

    Was this review helpful? Yes  No   Report this review
  • Posted October 12, 2009

    more from this reviewer

    Savvy guide to avoiding con artists

    The unlamented year of 2008 was a terrible time for investors. The news that money wizard Bernie Madoff stole some $65 billion from his investment clients with a giant pyramid scheme added insult to injury. Though already in his 70s, Madoff received a 150-year prison sentence for his thievery. Many felt the punishment was too light. The world is full of crooks and charlatans like Madoff. Fortunately for investors, they often give themselves away if you know how to spot them. In this savvy manual, business journalist Ken Fisher (writing with investment expert Lara Hoffmans) details five warning signs that can reveal crooks posing as financial advisers. getAbstract recommends this book to investors who are suspicious and to those who ought to be.

    1 out of 1 people found this review helpful.

    Was this review helpful? Yes  No   Report this review
  • Posted September 8, 2009

    No Fear of Scams

    Picked this up just because the title seemed intriguing. Glad I did. I've retained some very valuable lessons on avoiding those situtaions that have the potential to end up like another Madoff. Besides the useful tips it was a snappy read, enjoyable and even funny. Glad I read it, and I recommend it highly.

    1 out of 1 people found this review helpful.

    Was this review helpful? Yes  No   Report this review
  • Posted November 15, 2009

    Valuable advice

    If this book were required reading in high school or college, loads of scamsters would be out of business. It is easy to follow and tells you exactly what you need to know to avoid most frauds.

    Was this review helpful? Yes  No   Report this review
  • Anonymous

    Posted October 26, 2009

    I Also Recommend:

    An excellent read.

    A good read for those who want to know how to avoid being wrong.

    Was this review helpful? Yes  No   Report this review
  • Anonymous

    Posted June 10, 2010

    No text was provided for this review.

  • Anonymous

    Posted April 8, 2011

    No text was provided for this review.

  • Anonymous

    Posted December 26, 2009

    No text was provided for this review.

Sort by: Showing 1 – 10 of 11 Customer Reviews

If you find inappropriate content, please report it to Barnes & Noble
Why is this product inappropriate?
Comments (optional)