How to Smell a Rat book cover

How to Smell a Rat by Ken Fisher and Lara Hoffmans Summary

How to Smell a Rat
Ken Fisher and Lara Hoffmans
3.44 (158 Reviews)
Finance
Business
Economics
Overview
Key Takeaways
Author
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Overview of How to Smell a Rat

In the wake of Madoff's $65 billion scam, Ken Fisher's New York Times bestseller reveals five telltale signs of financial fraud. What shocking red flag do 90% of victims miss? Wall Street insiders call it the ultimate self-defense guide for your money.

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Key takeaways

1

When Trust Becomes Your Greatest Financial Vulnerability

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What do a Nobel Peace Prize winner, NFL players, and sophisticated hedge fund managers have in common? They all lost everything to financial fraudsters they trusted completely. Bernie Madoff didn't just steal $65 billion-he obliterated charities, destroyed retirement funds, and shattered the financial security of thousands who believed his impeccable reputation made him untouchable. The Elie Wiesel Foundation lost nearly everything. Palm Beach Country Club members watched one-third of their community's wealth vanish overnight. Yet every warning sign was there, hiding in plain sight. The real question isn't how Madoff fooled so many-it's why smart, successful people ignored obvious red flags that could have saved them.

2

The One Rule That Stops Nearly Every Scam

3

The Impossibility of Perfect Performance

4

When Complexity Becomes a Weapon

5

The Dangerous Glamour of Exclusivity

6

Why You Can't Outsource Your Protection

7

Moving Forward in a World of Financial Predators

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"Reading used to feel like a chore. Now it’s just part of my lifestyle."

@Erin, Investment Banking Associate , NYC
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"Feels effortless compared to reading. I’ve finished 6 books this month already."

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