Why you should read Wilpon’s Folly

Here’s what I’m reading, it’s called Wilpon’s Folly and it’s only $3 bucks

Product Description (from Amazon)

On December 11, 2008, in the middle of a busy baseball offseason, Bernard Madoff was arrested for orchestrating a massive financial fraud. Among his chief investors was Mets owner Fred Wilpon, who not only lost a major revenue stream as a result, but is now being sued for “fictitious profits” that he now owes to other Madoff victims. To the tune of almost a billion dollars.How did this happen? Where did Wilpon go wrong, and why does a fraud victim suddenly owe money? The truth about these questions has been largely hidden, but in this short book, the whole story is fully revealed. In this tight narrative, Howard Megdal tells the dramatic financial tale and proves a surprising truth: Wilpon’s thirty-year reign as owner of the Mets is about to end. Perhaps the most public victim of the Madoff scandal, Wilpon now faces a long road, and likely a difficult offseason. Here Megdal articulates both Wilpon’s position and those against him. Like Michael Lewis’ The Big Short, this book unravels the world of a major investment scandal through an entertaining and recognizable story.

I’m not smart enough to know if anything said in the product review is accurate, or if Howard is right/wrong/smart/crazy or a mix of all those things.
As a Mets fan though it’s a must-read. Absolutely fascinating and for only $2.99 why not? I blew through about half the book last night while commuting and will probably knock out the rest today. (update – finished it!)

One of my weird quirks is I am often reading multiple books at once. This is one of those times, and the other book I am reading is The Last Icon

You either get Seaver or you don’t (man have I lived so long that such a concept exists?). If you get it then get the book. No brainer. If you don’t get it but have heard old fat guys go on and on about Tom, then get the book.

Two more I will plug are my favorite book of the year, and my favorite Mets book of them all.

And of course don’t forget the Mets Police Holiday store for all your shopping needs.

One Reply to “Why you should read Wilpon’s Folly”

Comments are closed.