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Ugly Americans

The True Story of the Ivy League Cowboys Who Raided the Asian Markets for Millions

Audiobook
1 of 1 copy available
1 of 1 copy available

Ugly Americans is the true story of John Malcolm, a Princeton graduate who traveled halfway around the world in search of the American dream and pulled off a trade that could be described as the biggest deal in the history of the financial markets.

Without speaking a word of Japanese, with barely a penny in his pocket, Malcolm was thrown into the bizarre life of an ex-pat trader. Surrounded by characters ripped right out of a Hollywood thriller, he quickly learned how to survive in a cutthroat world — at the feet of the biggest players the markets have ever known.

Malcolm was first an assistant trading huge positions for Nick Leeson, the rogue trader who brought down Barings Bank — the oldest in England. He was the right-hand man to an enigmatic and brilliant hedge-fund cowboy, Dean Carney, and grew into one of the biggest derivatives traders in all of Asia. Along the way, Malcolm fell in love with the daughter of a Yakuza gangster, built a vast fortune out of thin air, and came head to head with violent Japanese mobsters. Malcolm and his twentysomething, Ivy League-schooled colleagues rode the crashing waves of the Asian markets during the mid-to late 1990s, culminating in a single deal the likes of which had never been seen before, or since.

A real-life mixture of Liar's Poker and Wall Street, brimming with intense action, romance, underground sex, vivid locales, and exotic characters, Ugly Americans is the untold, true story that will rock the financial community and redefine an era.

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    • AudioFile Magazine
      The author reads his account of American stock traders taking a wild ride on the Japanese market. Mezrich gives a clear reading with little emotion. Instead he relies on his own descriptions to convey the somersaulting feelings of John Malcolm as he is introduced to the corrupt and sexually deviant underworld of Tokyo. Mezrich doesn't attempt accents for the Japanese and British characters Malcolm encounters on his way to one of the biggest deals in financial history. Characterized largely as a befuddled innocent, Malcolm barely escapes with his life before departing Japan with his newfound love and wealth. J.J.B. (c) AudioFile 2004, Portland, Maine
    • Publisher's Weekly

      April 12, 2004
      Though the names have been changed to protect the not-so-innocent, this is a true story, containing all the ingredients of a great narrative—a main character the reader can relate to, an appealing love interest, money, danger, the need for acceptance, suspense and even the realization (in some form) of the American dream. Mezrich (Bringing Down the House
      ) presents wanna-be financial star "John Malcolm," who accepts a nebulous job offer in Japan in the mid-1990s and leaves his middle-class New Jersey postcollege aimless existence for an adventure he might have dreamed of had he any idea of what the big boys' world of finance was really like. After hitting the ground at top speed from day one, John and his cohorts—all male, mostly Ivy League graduates—learn their way around the lucrative, fast-paced and legal-but-barely-palatable world of cowboy-style Asian market finance. In the process, they make millions (sometimes per trade) and pride themselves on knowing when to get in and how to spot their exit point. Their bottom line is all that matters; everything else—from emotion to opinion—is secondary. In a truly engaging look at how an innocent who thinks he knows the world does actually end up understanding a small but significant piece of it, Mezrich manages to incorporate solid journalism into a narrative that just plain works. Agent, David Vigliano.

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  • OverDrive Listen audiobook

Languages

  • English

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