Greed is Good, Big is Bad: How to Fix America's Problems (Paperback) (ISBN-13: 9781497319899)

Mike Engmann has founded numerous small businesses in the investment field. He was one of the original options market-makers on the Pacific Options Exchange in 1976. In 1978, he founded Engmann Options, Inc. to include other traders under a corporate umbrella. Recognizing the need for a West Coast based options clearing company that provided superior service and advanced technology, he founded Sage Clearing Corporation in 1980. Understanding that members of the public could also use better technology, Mike created the public brokerage house Preferred Trade in 1982. In 2001, he took control of RevereData, a small information data provider to the securities industry. In addition to his fully owned businesses, Mike has been an angel investor in many start-ups and fledgling companies. His experience with the problems of small businesses in regard to regulation and competition with big business has given him an insight into why small businesses are crucial to growth in America. As an expert with 40 years of experience in the investment field, he has an excellent understanding of both macro and micro economics. Understanding political policy has also been an important element of Mike's success as an investor. In addition, his experience with trading and traders has provided him with an excellent understanding of people's behavior when the reward of their activity is not tied directly to their risk involved in it. Mike's reason for writing this book is "As a true capitalist and believer in the greatness of America, I have been compelled to write this book. Our great country is being torpedoed by our politicians and our media. I couldn't stand by and say nothing!"