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UNTIL THE SPRING OF 2001,THE HOUSTON energy giant Enron epitomized the triumph of the new economy. Feared by rivals, worshiped by investors,Enron seemingly could do no wrong, its profits rose every quarter; its stock price surged ever upward; its leaders were hailed as visionaries. Then a young Fortune writer named Bethany McLean wrote an article posing a simple question--How, exactly, does Enron make its money?--and the company's house of cards began to collapse. Though other business scandals would follow, none has had the shattering effect of Enron's bankruptcy, which caused Americans to lose faith in a system that rewarded top insiders with millions of dollars while small investors,including many Enron employees, lost everything. Despite enormous media coverage of Enron, the definitive story of its astonishing rise and fall comes alive for the first time in this gripping narrative by McLean and her Fortune colleague Peter Elkind.Drawing on a wide range of private documents and well-placed so
When financial advisor Spencer Sherman found himself crossinga police line to retrieve his work files from a burning officebuilding, he realized he had money madness. He noticed it in hisclients, too: those irrational feelings about money that makeotherwise rational adults behave foolishly—buying high, sellinglow, overspending, lying to their spouses, equating theirself-worth with their net worth. Money madness stresses us out,poisons our relationships, and keeps us from making as much moneyas we can. So Spencer invented the cure. Now, in The Cure for MoneyMadness, he gives us the tools that have helped thousands of peoplefind greater peace of mind—and make more money. Money madness, Spencer shows us, comes from unproductive messagesthat we received long ago. “It takes money to make money.” “Payingrent is just throwing money down the drain.” “Don’t talk aboutmoney.” When you challenge the messages, you can transform allaspects of your money life: earning, spending, saving