Octopus

Sam Israel, the Secret Market, and Wall Street's Wildest Con

Hardcover, 368 pages

Published July 10, 2012 by Crown.

ISBN:
978-0-307-71607-1
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2 stars (3 reviews)

7 editions

Review of 'Octopus' on 'Goodreads'

3 stars

Octopus tells the weird, wacky and true story of Sam Israel III, a member of a very rich American family, who had been making money the old fashioned way - via trading and the market - for decades, heck since the mid 1800s. Sam III decided he wanted to make his own mark, so off he went to trade on the market, this time as a day trader, working on minor fluctuations of the market.

He learned how to turn inside information into cash and then decided to go one better and start his own hedge fund. Now, I am still not sure what a "hedge fund" does, but in this case, it basically masked a big fraud, as soon after starting the Bayou Funds, it started losing money due to bad trades. But they came upon a brilliant strategy for cooking the books and they kept things rolling.

As …

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