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 Been there, read that.

100 Year Life.jpgAdaptive Markets.jpg The Box.jpgChecklist Manifesto.jpg Confidence Game.jpgCurrency Wars.jpgThe Creature from Jekle Island.jpgDeficit Myth.jpg Flash Boys.jpgFooled by Randomness.jpg How Not to be Wrong.jpgHow to Measure Anything.jpg In the Plex.jpgMastering the Market Cycle.jpg Misbehaving.jpg The Most Important Thing.jpgNever Split the Difference.jpg No Ordinary Disruption.jpg On China.jpgRise of Carry.jpg Rise of the Robots.jpg Risk Savy.jpg Seeking Wisdom.jpgSpider Network.jpg Thinking Fast and Slow.jpg    Why We Sleep.jpg  

 What We're Reading Now

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Join CFA Society San Diego for a hybrid book club event.  Either in-person or virtual meeting on Thursday, December 8th from 6:00-8:00pm to discuss The Caesars Palace Coup: How a Billionaire Brawl over the Famous Casino Exposed the Power and Greed of Wall Street by Max Frumes & Sujeet Indap. Webinar details will be provided upon registration.

To register - click here!

About the Book:
It was the most brutal corporate restructuring in Wall Street history. The 2015 bankruptcy brawl for the storied casino giant, Caesars Entertainment, pitted brilliant and ruthless private equity legends against the world's most relentless hedge fund wizards.

In the tradition of Barbarians at the Gate and The Big Short comes the riveting, multi-dimensional poker game between private equity firms and distressed debt hedge funds that played out from the Vegas Strip to Manhattan boardrooms to Chicago courthouses and even, for a moment, the halls of the United States Congress. On one side: Apollo Global Management and TPG Capital. On the other: the likes of Elliott Management, Oaktree Capital, and Appaloosa Management.

The Caesars bankruptcy put a twist on the old-fashioned casino heist. Through a $27 billion leveraged buyout and a dizzying string of financial engineering transactions, Apollo and TPG—in the midst of the post-Great Recession slump—had seemingly snatched every prime asset of the company from creditors, with the notable exception of Caesars Palace. But Caesars’ hedge fund lenders and bondholders had scooped up the company’s paper for nickels and dimes. And with their own armies of lawyers and bankers, they were ready to do everything necessary to take back what they believed was theirs—if they could just stop their own infighting.

These modern financiers now dominate the scene in Corporate America as their fight-to-the-death mentality continues to shock workers, politicians, and broader society—and even each other.

In The Caesars Palace Coup, financial journalists Max Frumes and Sujeet Indap illuminate the brutal tactics of distressed debt mavens—vultures, as they are condemned—in the sale and purchase of even the biggest companies in the world with billions of dollars hanging in the balance.

 How are books selected?

It's a simple yet highly democratic process. Book Club Members make suggestions and we take a vote. Can you guess what happens next? The book with the most votes wins!

 Join the Club!

Interested in reading more, while connecting with other Charterholders in your area? Join our quarterly book club. Email our Managing Director today.