As soon as the financial crisis erupted, the finger-pointingbegan. Should the blame fall on greedy traders, lazy regulators, orclueless home buyers? According to Bethany McLean, author of thebestselling Enron book "The Smartest Guys in the Room", and JoeNocera, the star "New York Times" columnist, the real answer is allof the above. Many devils helped bring hell to the economy. Yetdespite all the analysis of the crash, no one has put all thepieces together and named those responsible. Until now.
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.
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.
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.
For several years high-profile corporate wrongdoers have been vilified by the media. Yet the problem, according to Gary Weiss, is not just a few isolated instances of malfeasance. The problem is in the very fabric of Wall Street and its practices that enable and even encourage corruption—practices that are so pervasive and so difficult to combat that they are in effect perfect crimes, with the small investor left holding the bag. In this blistering report from the front, Weiss describes how the ethos of Mafia chophouses, boiler rooms, and penny stock peddlers now permeates all of Wall Street. Protected from investor lawsuits by laughably corrupt arbitration systems, Wall Street firms are free to fleece unsuspecting clients with little or no risk. But as this empowering book shows, ordinary investors can fight back and come out on top—if they learn to recognize warning signs, filter media chatter, and spot looming corporate meltdowns in advance. Prepare to be surprised, get angry, and t
Even with all the ups and downs, the stock marketis still one of the best places to invest your money, espe- ciallyif you're willing to stay in the market for a while. This helpful guide is the next best thing to a per- sonal stockbroker, taking you step by step through the exciting but oftenoverwhelming process of stock investing, helping even the mostnovice investor feel like a veteran trader. In it, you get: · A primer on the stock market, how it works today, thedifferent ways you can invest in it, and the risks associated witheach. · A comparison of investing versus trading, including daytrading, and tips for building a diversified stock portfolio. · Advice on finding and evaluating the financialstatements, industry climate, and other infor- mation for a companyoffering stock before you invest. · Guidance on finding a broker or going it alone, orderingstock, maximizing your investment, and minimizing your chances forloss. · Pointers for evaluating how your stoc
The inside story of one of the world's most powerful financialInstitutions Now with a new foreword and final chapter, The Partnershipchronicles the most important periods in Goldman Sachs's historyand the individuals who built one of the world's largest investmentbanks. Charles D. Ellis, who worked as a strategy consultant toGoldman Sachs for more than thirty years, reveals the secretsbehind the firm's continued success through many life-threateningchanges. Disgraced and nearly destroyed in 1929, Goldman Sachslimped along as a break-even operation through the Depression andWWII. But with only one special service and one improbable banker,it began the stage-by-stage rise that took the firm to globalleadership, even in the face of the world-wide credit crisis.
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
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.
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
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.
The first authoritative history of hedge funds-fromtheir rebel beginnings to their role in defining the future offinance. Based on author Sebastian Mallaby's unprecedentedaccess to the industry, including three hundred hours ofinterviews, More Money Than God tells the inside story ofhedge funds, from their origins in the 1960s and 1970s to theirrole in the financial crisis of 2007- 2009. Wealthy, powerful, and potentially dangerous, hedge fund mogulshave become the It Boys of twenty-first?century capitalism. KenGriffin of Citadel started out trading convertible bonds from hisdorm room at Harvard. Julian Robertson staffed his hedge fund withcollege athletes half his age, then he flew them to variousretreats in the Rockies and raced them up the mountains. Paul TudorJones posed for a magazine photograph next to a killer shark andhappily declared that a 1929- style crash would be "totalrock-and-roll" for him. Michael Steinhardt was capable of reducingunderlings to sobs. "All I want to do is kill myself,"