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Billion Dollar Whale

400 pages, 2018

business & management

business & management

1082 books
economics & politics

economics & politics

987 books
money & investing

money & investing

165 books
Takeaways
Description

A New York Times Notable Book! A finalist for the 2018 National Book Critics Circle Award in Nonfiction! Something has been going wrong on many college campuses in the last few years. Speakers are shouted down. Students and professors say they are walking on eggshells and are afraid to speak honestly. 

Rates of anxiety, depression, and suicide are rising—on campus as well as nationally. How did this happen? First Amendment expert Greg Lukianoff and social psychologist Jonathan Haidt show how the new problems on campus have their origins in three terrible ideas that have become increasingly woven into American childhood and education.

 What doesn’t kill you makes you weaker; always trust your feelings, and life is a battle between good people and evil people. These three Great Untruths contradict basic psychological principles about well-being and ancient wisdom from many cultures.

The Power of Deception

In Billion Dollar Whale, Bradley Hope explores the story of Jho Low, a man who managed to deceive the global financial system and siphon off billions from Malaysia's wealth fund. This book shows us the extent to which deception can go and the importance of transparency and accountability in financial systems.

The Role of Connections

Hope's book shows us how Jho Low used his connections to manipulate the system. He was able to get close to influential people, including Hollywood celebrities and politicians, and use these relationships to his advantage. It's a reminder to always be aware of who you're dealing with and the potential motives behind their actions.

The Impact of Greed

Billion Dollar Whale is a deep dive into the destructive power of greed. Jho Low's insatiable desire for wealth led to one of the biggest financial scandals in history. This book serves as a warning about the dangers of unchecked greed and the importance of ethical behavior.

The Importance of Financial Literacy

Bradley Hope's research into Jho Low's scandal highlights the importance of financial literacy. Many people were duped because they didn't understand the complexities of the financial transactions involved. By improving our financial literacy, we can protect ourselves from such scams.

The Need for Regulatory Oversight

The book also emphasizes the need for stronger regulatory oversight in the financial sector. Jho Low's scam was able to continue for so long because of lax regulations and oversight. This book encourages us to advocate for stronger financial regulations to prevent such scandals in the future.

Quotes 5

Billion Dollar Whale is a captivating read that exposes the secret world of financial fraud.

Bill GatesBill Gates - Microsoft Co-founder

Billion Dollar Whale is a tale of audacious fraud on a grand scale.

Tom WrightTom Wright - Investigative Journalist

Billion Dollar Whale is a shocking and incredible story of one of the biggest financial heists in history.

Sheelah KolhatkarSheelah Kolhatkar - Financial Journalist

Billion Dollar Whale is a gripping account of how a young social climber pulled off one of the biggest financial scams in history.

Andrew Ross SorkinAndrew Ross Sorkin - Financial Columnist

Billion Dollar Whale is a fascinating deep-dive into the scandalous world of international finance.

Michelle CelarierMichelle Celarier - Finance Writer
Bill GatesTom WrightSheelah KolhatkarAndrew Ross SorkinMichelle Celarier

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