Meet New Books
Book Cover

Den of Thieves

Save:
Find on Amazon

Who Would Like This Book:

If you're fascinated by high-stakes finance, true crime, or the wild energy of 1980s Wall Street, you'll get a real kick out of this one. Stewart's storytelling dives deep into the personal dramas and bold schemes of notorious players like Michael Milken, turning complicated financial maneuvers into genuinely riveting narrative. Finance aficionados, fans of big personalities, and anyone who loves seeing how the sausage gets made (and sometimes spoiled) will find this equal parts jaw-dropping and illuminating.

Who May Not Like This Book:

If intricate financial details and long lists of corporate names aren't your thing, this can start to feel overwhelming. Some readers find the cast of characters hard to keep track of - and the book's focus on sordid deals and legal wrangling can definitely feel a bit heavy or even disheartening. Looking for something uplifting or easier to digest? This might not hit the mark. If you want a more balanced or different perspective, you may want to read it alongside another book.

A meticulously researched, gripping account of financial greed and scheming with all the drama of a thriller - though the detail might be too dense for casual readers. Perfect for Wall Street and true crime fans.

About:

Den of Thieves by James B. Stewart is a detailed account of the major insider trading scandal on Wall Street in the 1980s involving prominent figures like Michael Milken, Ivan Boesky, and others. The book delves into the intricate web of financial crimes, securities violations, and criminal activities that led to the downfall of well-known companies and individuals, shedding light on the avarice and arrogance that characterized the era of high-flying Wall Street players. Stewart's writing style is described as thorough, detailed, and narrative-driven, providing a close examination of the complex world of bond trading and corporate finance during that tumultuous period.

Writing/Prose:

The writing style is detailed and well-researched, effectively illuminating complex financial topics while providing an engaging narrative.

Plot/Storyline:

The plot revolves around the infamous insider trading scandal of the 1980s, showcasing the greed and criminality of financial players, detailing their actions, and examining the consequences of their deals.

Setting:

The setting is 1980s Wall Street, a landscape characterized by excess and a burgeoning junk bond market.

Pacing:

The pacing is occasionally slow and detailed, especially when introducing numerous characters, which may overwhelm some readers yet keeps the narrative engaging.
Martin Siegel, the youngest member of the class just graduated from the Harvard Business School, reported for work at Kidder, Peabody & Co.’s Manhattan headquarters at 20 Exchange Place in August 1971...

Notes:

Den of Thieves recounts the largest insider trading scandal of the 1980s.
The book offers a detailed look at the unethical behavior of Wall Street players.
Michael Milken is known for creating the market for junk bonds.
Dennis Levine and Ivan Boesky were influential figures who engaged in unethical financial practices.
The story involves the SEC's struggles in prosecuting complex financial crimes.
Stewart's research is based on grand jury transcripts, interviews, and trading records.
During 1990, money in junk bond funds grew by 145%, which was still less than stocks and other bonds.
The complex nature of financial crimes makes them difficult for the public to understand.
The book highlights the devastation caused to businesses by these financial schemes.
Stewart provides a well-researched narrative unlike other authors who might glorify the characters.

Sensitive Topics/Content Warnings

Content warnings include themes of crime, financial corruption, and moral ambiguity surrounding insider trading.

From The Publisher:

A #1 bestseller from coast to coast, Den of Thieves tells the full story of the insider-trading scandal that nearly destroyed Wall Street, the men who pulled it off, and the chase that finally brought them to justice.

Pulitzer Prize-winner James B. Stewart shows for the first time how four of the eighties' biggest names on Wall Street-Michael Milken, Ivan Boesky, Martin Siegel, and Dennis Levine -created the greatest insider-trading ring in financial history and almost walked away with billions, until a team of downtrodden detectives triumphed over some of America's most expensive lawyers to bring this powerful quartet to justice.

1991
599 pages

Ratings (4)

Incredible (2)
Loved It (2)

Reader Stats (9):

Read It (4)
Want To Read (3)
Not Interested (2)

1 comment(s)

Incredible
10 months

I wouldn't have believed half of it if it were fiction. My grasp on the most intricate of the intricacies was tenuous, but it's really just a human story anyway. My second James Stewart, and the better, though not by too much. I want him investigative-journaling everything--go ahead and start with 2008.

 

About the Author:

James B. Stewart is the author of Heart of a Soldier, the bestselling Blind Eye and Blood Sport, and the blockbuster Den of Thieves. A former Page-One editor at The Wall Street Journal, Stewart won a Pulitzer Prize in 1988 for his reporting on the stock market crash and insider trading. He is a regular contributor to SmartMoney and The New Yorker. He lives in New York.

 
Meet New Books is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a way for sites to earn advertising fees by advertising and linking to products and services on amazon.com and its subsidiaries.
When you click the Amazon link and make a purchase, we may receive a small commision, at no cost to you.