Ben Mezrich’s book review – Ugly Americans – The True Story of the Ivy League Cowboys Who Raided the Asian Markets for Millions

Ugly Americans: The True Story of the Ivy League Cowboys Who Raided the Asian Markets for Millions by Ben Mezrich
The book that speaks about how holes in the system can be obused and how an entire economy could get endangered. Ugly Americans is a documentary about a group of young traders start maniuplating Janapese stock market, by using a concept known as arbitrage to make fortune for themselves.
Their methods were mostly legal, but definitely unethical. The question is if the ethics can make a line to separate doable and undoable?
Some of their methods were seemingly legal, but without any doubt – unethical.
This book is about how “John Malcolm” in return for his anonymity gave Ben Mezric information to write the book. After graduating at Princeton in the mid 90’s, he started working for an American expatriate in Japan. Even though he was inexperienced, he managed to facilitate USD 25m on his first day. Later he joined a group of expatriates who were all youngsters living crazy loose life.
Ben tells this fascinating story, describing Japanese sex business, connection with the Yakuza, and their romantic intrigue.
This book does not specifically tell a lot about analysis of their trading methods, but it’s a page turner that would intrigue even those who are not familiar with the world of trading.