Don't Blame the Shorts: Why Short Sellers Are Always Blamed for Market Crashes and How History Is Repeating Itself - Hardcover

by Robert Sloan (Author)

Why Main Street blames financialspeculation for economic crashes

Disdain for short selling is as American as apple pie, dating back to our nation's founding. But as Bob Sloanargues in Don't Blame the Shorts, short selling lies at theheart of every Wall Street transaction and fuels thefinancial system.

Sloan explains that without shorting, credit in high-yield, distressed, convertible bonds and equitiesvanishes, thus choking economic activity. This eye-opening look at short selling in Americaprovides new insight into our hostile relationshipwith shorting--a relationship that turns out to beunhealthy and counterproductive.

Author Biography

Robert Sloan is the Managing Partner of S3 Partners, a global financing specialist firm dedicated to helping its hedge fund clients optimize and best manage prime broker relationships, which he founded in 2003.

His book How History is Repeating Itself was nominated for Spear's book awards shortlist--financial history book of the year; Bloomberg and The Economist recognized it as one of the top business books of the year. Sloan has appeared on CNBC, CNBC Europe and C-SPAN.

Prior to S3 Partners, Sloan was a Managing Director, the Global Head of prime brokerage, equity finance & delta one products, and a Member of both the securities division operating committee and the product managers committee at Credit Suisse First Boston. In 1998, he founded and chaired the Dow Jones Credit Suisse Index Co. This was the first investable benchmark index for alternative investments.

From 1989 to 1996, Sloan worked at Lehman Brothers in the equity derivatives and central funding unit. Prior to his career on Wall Street, he was a speech writer and translator for the Ministry of International Trade & Industry (MITI), Tokyo, Japan. Sloan holds a Bachelor of Arts from Washington & Lee University.