The time was the1980s. The place was Wall Street. The game was called Liar’sPoker. Michael Lewis wasfresh out of Princeton and the London School of Economics when helanded a job at Salomon Brothers, one of Wall Street’s premierinvestment firms. During the next three years, Lewis rose fromcallow trainee to bond salesman, raking in millions for the firmand cashing in on a modern-day gold rush. Liar’s Poker is theculmination of those heady, frenzied years—a behind-the-scenes lookat a unique and turbulent time in American business. From thefrat-boy camaraderie of the forty-first-floor trading room to thekiller instinct that made ambitious young men gamble everything ona high-stakes game of bluffing and deception, here is MichaelLewis’s knowing and hilarious insider’s account of an unprecedentedera of greed, gluttony, and outrageous fortune.
The most successful business book of the last decade, Reengineering the Corporation is the pioneering work on the most important topic in business today: achieving dramatic performance improvements. This book leads readers through the radical redesign of a company's processes, organization, and culture to achieve a quantum leap in performance. Michael Hammer and James Champy have updated and revised their milestone work for the New Economy they helped to create -- promising to help corporations save hundreds of millions of dollars more, raise their customer satisfaction still higher, and grow ever more nimble in the years to come.
Like the sayings of the ancient Chinese philosopher Lao-tzu inthe Tao Te Ching, Warren Buffett's worldly wisdom is deceptivelysimple and enormously powerful in application. In The Tao of WarrenBuffett, Mary Buffett joins noted Buffetologist and internationallecturer David Clark to bring you Warren Buffett's smartest,funniest and most memorable sayings, with an eye towards revealingthe life philosophies and the investment strategies that have madehim the world's most successful investor -- and the world's richestman. From serious investors to chronic over-spenders, this book canteach everyone some secrets of success.
Investing is governed by unofficial rules, passed to investors through brokers, the financial press, and even fellow investors. For more than a decade, in two previous editions, Stock Market Rules has helped investors separate the most valuable of these maxims from the meaningless and even potentially harmful. But with recent market turbulence and scandals blindsiding millions of investors, the time has come for a new, updated edition.
Are investment bankers the responsible guardians of free-market capitalism that they would have us believe? Or are they something more sinister altogether . . . necessary but dangerous players in our free-market economy? “Greed,” said Gordon Gekko in Wall Street, “is good.” But how good is it for capitalism if the major investment banks are basically an oligopoly, keeping their risks low and their profits artificially high? How good is it for companies that listen to their value-destroying advice? And how good is it for the average shareholder, who pays a huge price through portfolios that underperform and have a raft of hidden charges? Philip Augar worked in investment banking for more than twenty years and has since become a gadfly to the industry on both sides of the Atlantic. His new book reveals exactly how the investment banks make their money by acting simultaneously for buyers, sellers, and themselves while carefully avoiding fee-based competition with one another. T
Jim Rogers, whose entertaining accounts of his travels around the world -- studying the markets from Russia to Singapore from the ground up-- has enthralled readers, investors and Wall Street aficionados for two decades in such books as Investment Biker, Adventure Capitalist, Hot Commodities and A Bull In China . In his engaging memoir Street Smarts, Rogers offers pithy commentary from a lifetime of adventure, from his early years growing up a na?ve kid in Demopolis, Alabama, to his fledgling career on Wall Street, to his cofounding the wildly successful Quantum Fund. Rogers always had a restless curiosity to experience and understand the world around him. In Street Smarts, he takes us through the highlights of his life in the financial markets, from his school days at Yale and Oxford -- where despite the fact that he didn’t have enough money to afford the appropriate pair of shoes, he coxed the crew and helped to win the Oxford-Cambridge Boat Race as well as the Thames Cup, the first of h
Is your investment in that new Internet stock a sign of stockmarket savvy or an act of peculiarly American speculative folly?How has the psychology of investing changed--and not changed--overthe last five hundred years? Edward Chancellor examines the natureof speculation--from medieval Europe to the Tulip mania of the1630s to today's Internet stock craze. A contributing writer to The Financial Times and The Economist , Chancellorlooks at both the psychological and economic forces that drivepeople to "bet" their money in markets; how markets are made,unmade, and manipulated; and who wins when speculation runsrampant. Drawing colorfully on the words of such speculators as SirIsaac Newton, Daniel Defoe, Ivan Boesky, and Hillary RodhamClinton, Devil Take the Hindmost is part history, partsocial science, and purely illuminating: an erudite and hugelyentertaining book that is more timely today than ever before.
Perino recounts in riveting detail the 1933 hearings that putWall Street on trial for the Great Crash. Never before in Americanhistory had so many financial titans been called to account beforethe public, and they had come within a few weeks of emergingunscathed.
A penny saved may be a penny earned, but a penny invested canbe even more. In this financial crisis, old advice about equities, mutualfunds, commodities, and real estate may no longer hold. Here is afresh look at all aspects of investing to help readers protect andgrow their wealth. This edition includes the most currentinformation on: corporate fundamentals; the sub-prime crisis andits effects; practical tools for evaluating mutual funds; adviceabout riding the equity market; and the use of Exchange TradedFunds.
Investment bankers used to be known as respectful of theirclients, loyal to their firms, and chary of the financial systemthat allowed them to prosper. What happened? From his prestigiousWall Street perches at Goldman Sachs and Morgan Stanley, JonathanA. Knee witnessed firsthand the lavish deal-making of thefreewheeling nineties, when bankers rode the wave of the Interneteconomy, often by devil-may-care means. By the turn of thetwenty-first century, the bubble burst and the industry was in freefall. Told with biting humor and unflinching honesty, populatedwith power players, back-stabbers, and gazillionaires, "TheAccidental Investment Banker "is Knee's exhilarating insider'saccount of this boom-and-bust anything-goes era, when fortunes weremade and reputations were lost. "A rare, ringside seat inside themadcap and often egomaniacal world of Wall Street's Masters of theUniverse . . . For would-be bankers, the book is an excellentprimer on what it's really like; for current bankers it will be aguilty pleasure.
Open the pages of the Fifth Edition of Essentials of Investments and you will clearly understand that the author team of Zvi Bodie,Alex Kane,and Alan Marcus if Committed to providign you the Material you need to Understand today's investments environment.
Now updated—the classic guide that teaches women how to takecontrol of their own finances When this groundbreaking yet compassionate book was firstpublished ten years ago, it lifted a veil on women’s resistance tomanaging their money, revealing that many were still waiting for aprince to rescue them financially. In this revised edition, whichreflects our present-day economic world, Barbara Stanny inspiresreaders to take charge of their money and their lives. Filled withreal-life success stories and practical advice—from tips onidentifying the factors that keep women fearful and dependent tochecklists and steps for overcoming them—this book is the next bestthing to having one’s own financial coach.
The New York Times bestseller...now with a newintroduction by the author. Financial planner and broker Julie Stav has been helping womenget rich for years. Now she offers her hands-on techniques andinspiring advice in a book that simplifies the stock market andputs a new world of wealth within reach. And with updatedinformation--including current examples, the hottest new websites,and more--this smart, sensible, and down-to-earth book is the idealguide for women who want to invest in their dreams.
Over the past quarter century, Understanding Wall Street has helped everyone from rookie investors to Wall Street veterans understand exactly how the market works and how to determine which stocks to buy ... and which to avoid. The fourth edition of this top-selling guide--still as easy-to-read, practical, and comprehensive as the first three--has been completely updated to help investors prosper in today's new, no-limits marketplace.
It’s refreshing to encounter a title about world-famous investment wizard Warren Buffett that doesn’t paint him as a superhero. Despite his many successes, Buffett has made mistakes and not always taken the right steps, as recounted in this measured, objective account that scrutinizes Buffett’s techniques and presents investment fundamentals and strategies. Unfortunately, Casella’s reading is somewhat lackluster. His careful, almost phonetic enunciation of some phrases and sentences makes it seem as if he is seeing the text for the first time. Although monotonous might be too strong a word, his performance could use a little more spark. Casual listeners may tune out, but those who stick with this “penetrating look at Buffett” will gain insight into the respected businessman and learn more about investment strategies.
When retired telecommunications analyst Dan Reingold decided to write an account of what he'd seen while working for powerful Wall Street investment banks, he turned to his niece, a journalist at Fast Company and the author of Final Accounting: Ambition, Greed and the Fall of Arthur Anderson, for help. Together, they've created a solid structure for his recollections of life in the trenches, but because he's one of the good guys, Reingold doesn't have much to confess. Beyond detailing every step in his upward career mobility, Reingold does little but gripe about people like his main competitor, Jack Grubman, who spent years flaunting insider connections with executives who would float him advance info on major corporate deals. (Grubman is currently a defendant in several securities fraud cases.) Reingold does suggest that insider influence is so pervasive in the financial market that investors should avoid individual stocks completely, and he has a number of recommendations for industry-wide reform, but in th
The definitive guide to buying and selling … The Pocket Idiot’s Guide to Investing in Stocks coverseverything readers need to know to take advantage of the long- andshort-term opportunities in the equities market, including howstocks stack up against other forms of investing, a tour of themajor U.S. exchanges, choosing an investment style, and much more.In addition, the book covers the investment strategies andphilosophies of some of Wall Street’s most successful investors. Anappendix contains the contact information for all the majorfull-service and discount brokers.
How can individual investors sort through the technical talk of Wall Street analysts, avoid self-serving nonsense, and find the gems that will guide them to the right stocks at the right time? Based on years of experience and extensive statistical analysis, Mitch Zacks' proven formulas allow the average investor to invest like pro.
Sound investment basics. Valueinvesting concentrates on business tangibles and common sense. Thisguide explains these strategies in clear, jargon-free terms, andgives advice on: the importance of knowing the four major parts ofa company?’s annual report and how to read them, how to listen forinsights into the company plans and performance during the CEO?’sdiscussion with analysts, and major strategic investment policiesthat drive value investing and how to select the one right for yourgoals. ?· From an expert financial writer ?· Red-hot investment strategy in this troubled financialclimate ?· Billionaire gurus like Warren Buffet advocate valueinvesting
Michael Moe was one of the first research analysts to identifyStarbucks as a huge opportunity following its IPO in 1992. And formore than fifteen years, he has made great calls on many otherstocks, earning a reputation as one of today’s most insightfulmarket experts. Now he shows how winners like Dell, eBay, and Home Depot couldhave been spotted in their start-up phase, and how you can findWall Street’s future giants. He forecasts the sectors with thegreatest potential for growth, and explains his four Ps of futuresuperstars: great people, leading product, huge potential, andpredictability. Moe also includes interviews with some of the biggest names inbusiness—like Howard Schultz, Bill Campbell, and Michael Milken—whoreveal their own insights into how they discover the stars oftomorrow.
Stock options have been much maligned recently, mainly because of fatcat executives who've cashed them in for millions, before the share price tanks and average shareholders suffer. But stock options can be a very good thing if handled correctly, say Rutgers University professors Blasi and Kruse and BusinessWeek editor Bernstein. They make the argument for why options-offered to all employees, not just upper-level execs-are a serious boon, "bringing about a more productive company and, ultimately, rewarding employees and outside shareholders alike." The book does seem a bit quaint at times, such as when it talks about how Silicon Valley types have got it right when it comes to options. (Many of those high-tech firms, of course, are either defunct or fighting for their lives.) The pace is somewhat plodding, as the authors recount company strategies and cite various studies, but the introduction and conclusion focus on sexier, newsier issues such as the "option-induced avarice" that led CEOs to jimmy company nu
For the first time, business journalist Janet Lowe provides alively and lucid introduction to financial genius Benjamin Graham'sinvestment theories, presented in terms of both his life and hiswork.