Goodreads helps you keep track of books you want to read.
Start by marking “How to Smell a Rat: The Five Signs of Financial Fraud” as Want to Read:
How to Smell a Rat: The Five Signs of Financial Fraud
Enlarge cover
Rate this book
Clear rating
Open Preview

How to Smell a Rat: The Five Signs of Financial Fraud

3.21 of 5 stars 3.21  ·  rating details  ·  53 ratings  ·  11 reviews
A timely guide to uncovering financial fraud2008 and 2009 will be remembered for bear markets, a global credit crunch, and some of the largest investment scams ever. But these scams are nothing new, they've been repeated throughout history, and there will certainly be more to come. But the good news is fraudsters often follow the same basic playbook. Learn the playbook, an ...more
ebook, 208 pages
Published July 8th 2009 by Wiley (first published 2009)
more details... edit details

Friend Reviews

To see what your friends thought of this book, please sign up.

Reader Q&A

To ask other readers questions about How to Smell a Rat, please sign up.

Be the first to ask a question about How to Smell a Rat

This book is not yet featured on Listopia. Add this book to your favorite list »

Community Reviews

(showing 1-30 of 116)
filter  |  sort: default (?)  |  rating details
j
Informative, humorous, and easy/quick to read. Avoid if you hate puns (Fisher makes the joke about how to avoid having your money "Madoff with" roughly four hundred times. I always laughed, but I'm not exactly a bastion of maturity). Overall, though, a great straightforward intro to financial fraud; I'd recommend it for folks interested in learning more about investing, definitely.

I almost wish it were longer, just because I want to hear more of the true-crimey backstory on some of these frauds
...more
TC
This book reads like it was dictated on rides to the office, and edited during waits at the airport. The style is conversational with lots of half-sentences ending in exclamation points. It repeats itself repeatedly, stating the same thing paragraph after paragraph, sometimes with a break in-between while a previous idea is re-stated, providing for even more repetition and disjointedness. Along the way he’ll remind you constantly he runs his own financial services firm “the right way,” and that ...more
Kristin-Leigh
I'm not so much interested in investment banking as fraud, but this book was interesting anyway. It's really obvious that Fisher is a magazine columnist first, author second, because the book was subdivided into small sections and repeated itself regularly the way listicle writers seem to. Most of these lessons were ones anyone could learn watching an episode of Leverage (), though, so I'd recommend two or three other books on fraud/theft/counterfeiting before this one. ...more
Abel C
Fisher provides solid advice. But he's naggingly redundant and too conversational for his own good. "How to Smell a Rat" is riddled with many clumsily constructed sentences that require re-reading and head-scratching. Example from page 51: "If a manager doesn't have a stated benchmark, or it shifts around, do additional digging-that could be a bad sign." I also vaguely remember the common adage, "If its too good to be true, it probably is," put through the wringer to become something to the effe ...more
E
Savvy guide to avoiding con artists

The unlamented year of 2008 was a terrible time for investors. The news that money wizard Bernie Madoff stole some $65 billion from his investment clients with a giant pyramid scheme added insult to injury. Though already in his 70s, Madoff received a 150-year prison sentence for his thievery. Many felt the punishment was too light. The world is full of crooks and charlatans like Madoff. Fortunately for investors, they often give themselves away if you know how
...more
Cheri
A simple, straight-forward primer on how to spot financial shucksters. The 5 signs your adviser might be or could evolve into a rat were helpful:
1) they have custody of your assets
2) returns are consistently great
3) their investing strategy is gobbly-gook
4) they promote benefits like exclusivity which don't impact results
5) You didn't do your own due dilligence

What I found even better was the clear explanations of asset allocation, stock market trends, avoiding accounting fraud, and the pro
...more
Ann Major
I feel this book was helpful to me, but it was not earth-shattering. Still, it gave me some advice I followed.
Mardel Fehrenbach
I was given this book and felt obligated to read it. It is a very fast read, and the five signs of financial fraud that Fisher offers seem sound and the advice is useful. However the gist of the book was contained in the introduction; the remainder consisted merely of illustrations of the main points. These chapters might prove useful, especially to novice investors.
Donald
A book with good information, but a book with good information THREE TIMES! At the end of each chapter, there is a "chapter recap," which, of course, says everything the chapter just did, but in fewer words. Then, at the end of the book, there's an entire "book recap" chapter, which repeats everything the book just said! Could have been a pamphlet . . .
Edelhart Kempeneers
Vijf - op zich nuttige - tips, eindeloos herhaald en uitgesmeerd over 209 pagina's. Zo kan ik het ook.
Kathy Robbins
Very good read for anyone who is going to invest any money anywhere!
Balhau
Balhau is currently reading it
Aug 12, 2015
Nataliya Solo
Nataliya Solo marked it as to-read
Aug 11, 2015
Balaji Ganesan
Balaji Ganesan marked it as to-read
Jul 05, 2015
D.J.
D.J. marked it as to-read
May 13, 2015
Ujjual
Ujjual added it
Jan 19, 2015
Lance Wiggs
Lance Wiggs marked it as to-read
Jan 06, 2015
Anna
Anna marked it as to-read
Jan 05, 2015
Jon
Jon marked it as to-read
Dec 07, 2014
Tony Hellenbrand
Tony Hellenbrand marked it as to-read
Nov 10, 2014
Nick
Nick marked it as to-read
Oct 27, 2014
« previous 1 3 4 next »
There are no discussion topics on this book yet. Be the first to start one »
The Only Three Questions That Count: Investing by Knowing What Others Don't The Ten Roads to Riches: The Ways the Wealthy Got There (and How You Can Too!) Debunkery: Learn It, Do It, and Profit from It--Seeing Through Wall Street's Money-Killing Myths Markets Never Forget (But People Do): How Your Memory Is Costing You Money--And Why This Time Isn't Different Super Stocks

Share This Book