Paul Erdman (19 May, 1932 – 23 April, 2007) was a financial and business writer. He was known for writing novels based on historical facts and complex financial intrigues.
1) The author earned a PhD in economics and was a former Lutheran seminarian.
2) He was the first American to establish a private bank in Switzerland.
3) The bank collapsed because of unauthorized speculation in cocoa and silver futures.
4) Mr. Erdman started to write in a Swiss jail where he was serving time for his role in the collapse of a bank he ran.
5) The jail Mr. Erdman was until he was charged was a 17th century dungeon in Basel, complete room services and wines.
6) He is credited with popularizing financial fiction (affectionately called fi-fi).
7) The reason he wrote a novel was because the dungeon did not have a research library.
8) One of the inmates occupying the dungeon with Mr. Erdman was a French safecracker. Mr. Erdman traded wine for knowledge on safecracking and that became the first chapter in his book.
9) From a business perspective, Mr. Erdman considered his time in jail as a positive.
Zohar — Man of la Book
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