Autumn 2008. The world's finances collapse but one man makes a killing. John Paulson, a softly spoken hedge-fund manager who still took the bus to work, seemed unlikely to stake his career on one big gamble. This title tells the story of the trader John Paulson who predicted the economic crash in 2008 - and made the biggest windfall in history.
"Clear, concise, informative, witty and, believe it or not, entertaining." -Chicago Tribune
A lively, inviting account of the history of economics, told through events from ancient to modern times and the ideas of great thinkers in the field What causes poverty? Are economic crises inevitable under capitalism? Is government intervention in an economy a helpful approach or a disastrous idea? The answers to such basic economic questions matter to everyone, yet the unfamiliar jargon and math of economics can seem daunting. This clear, accessible, and even humorous book is ideal for young readers new to economics and for all readers who seek a better understanding of the full sweep of economic history and ideas. Economic historian Niall Kishtainy organizes short, chronological chapters that center on big ideas and events. He recounts the contributions of key thinkers including Adam Smith, David Ricardo, Karl Marx, John Maynard Keynes, and others, while examining topics ranging from the invention of money and the rise of agrarianism to the Great Depression, entrepreneurship, environmental destruction, inequality, and behavioral economics. The result is a uniquely enjoyable volume that succeeds in illuminating the economic ideas and forces that shape our world.
For intermediate courses in Economics. A Unified View of the Latest Macroeconomic EventsIn Macroeconomics, Blanchard presents a unified, global view of macroeconomics, enabling students to see the connections between goods markets, financial markets, and labor markets worldwide. Organized into two parts, the text contains a core section that focuses on short-, medium-, and long-run markets and three major extensions that offer more in-depth coverage of the issues at hand. From the major economic crisis and monetary policy in the United States, to the problems of the Euro area and growth in China, the text helps students make sense not only of current macroeconomic events but also of events that may unfold in the future. Integrated, detailed boxes in the Seventh Edition have been updated to convey the life of macroeconomics today; reinforce lessons from the models; and help students employ and develop their analytical and evaluative skills. Also Available with MyEconLab.
The incredible story of a Wall Street banker who went to China with $400,000,000 and learned the hard way how (not) to do business there . . . In the early nineties, China finally opened for business and Wall Street wanted in on the act. When the investment bankers arrived from New York with their Harvard MBAs, pinstripes and tasselled loafers, ready to negotiate with the Old Cadres, the stage was set for collision. This is the true story of a tough Wall Street banker who came to China looking for glory. He teamed up with an ex-Red Guard and a Mandarin-speaking Englishman. Together, they raised over $400,000,000 and bought up factories all over China. Only as they watched those millions slide towards the abyss did they start to understand that China really doesn't play by anyone else's rules. Tim Clissold was there at the beginning of China's transformation and he's still there, doing business. In this new edition of his hugely successful book he describes just how much - and how little - has changed in China since his story began.
The Buy Side is Turney Duff's high-adrenaline journey through the trading underworld, as well as a searing look at an after-hours Wall Street culture where sex and drugs are the quid pro quo and a billion isn't enough. In the mid-2000's, Turney Duff was, to all appearances, the very picture of American success. One of Wall Street's hottest traders, he was a rising star with Raj Rajaratnam's legendary Galleon Group before forging his own path. What few knew was that the key to Turney's remarkable success wasn't a super-genius IQ or family connections but rather a winning personality - because the real money wasn't made on the trading floor or behind a computer screen, but in whispered deals in the city's most exclusive nightspots, surrounded by the best drugs and hottest women. For Turney, this created a perilously seductive cycle: the harder he partied, the more connected and successful he became, which meant he could party even harder. In time, he became a walking paradox, an addictive mess after hours, and King of the Street from nine to five. Along the way, he learned some important lessons about himself, and the too-wild-to-believe world of Wall Street trading. In The Buy Side, the money is plentiful and the after-hours indulgence even more so, which has proved to be a bestselling and box office winning combination, as the success of The Wolf of Wall Street attests. Fans of Martin Scorsese's film and Michael Lewis's Liar's Poker and The Big Short will want to take a walk on The Buy Side.
Felix Dennis is one of Britain's wealthiest self-made entrepreneurs with an estimated fortune of 500 million. And he didn't get there simply by reading about how to get rich. He went out and did it. Appreciating that those intent on becoming rich will not have the time or inclination to read page upon page of guidance and advice on the subject, Felix Dennis has reduced his own business wisdom to 88 tenets of wealth-generation, all written in his inimitable style.How to Make Money is for those determined to get rich, for those who will not confuse reading with doing, for those who seek the narrow road. (First published in hardback as 88 The Narrow Road.)
Throughout history, rich and poor countries alike have been lending, borrowing, crashing--and recovering--their way through an extraordinary range of financial crises. Each time, the experts have chimed, "e;this time is different"e;--claiming that the old rules of valuation no longer apply and that the new situation bears little similarity to past disasters. With this breakthrough study, leading economists Carmen Reinhart and Kenneth Rogoff definitively prove them wrong. Covering sixty-six countries across five continents, This Time Is Different presents a comprehensive look at the varieties of financial crises, and guides us through eight astonishing centuries of government defaults, banking panics, and inflationary spikes--from medieval currency debasements to today's subprime catastrophe. Carmen Reinhart and Kenneth Rogoff, leading economists whose work has been influential in the policy debate concerning the current financial crisis, provocatively argue that financial combustions are universal rites of passage for emerging and established market nations. The authors draw important lessons from history to show us how much--or how little--we have learned. Using clear, sharp analysis and comprehensive data, Reinhart and Rogoff document that financial fallouts occur in clusters and strike with surprisingly consistent frequency, duration, and ferocity. They examine the patterns of currency crashes, high and hyperinflation, and government defaults on international and domestic debts--as well as the cycles in housing and equity prices, capital flows, unemployment, and government revenues around these crises. While countries do weather their financial storms, Reinhart and Rogoff prove that short memories make it all too easy for crises to recur. An important book that will affect policy discussions for a long time to come, This Time Is Different exposes centuries of financial missteps.
Jeffrey D. Sachs is one of the world's most perceptive and original analysts of global development. In this major new work he presents a compelling and practical framework for how global citizens can use a holistic way forward to address the seemingly intractable worldwide problems of persistent extreme poverty, environmental degradation, and political-economic injustice: sustainable development. Sachs offers readers, students, activists, environmentalists, and policy makers the tools, metrics, and practical pathways they need to achieve Sustainable Development Goals. Far more than a rhetorical exercise, this book is designed to inform, inspire, and spur action. Based on Sachs's twelve years as director of the Earth Institute at Columbia University, his thirteen years advising the United Nations secretary-general on the Millennium Development Goals, and his recent presentation of these ideas in a popular online course, The Age of Sustainable Development is a landmark publication and clarion call for all who care about our planet and global justice.
For undergraduate courses in Investments. The Core Concepts and Tools Students Need to Make Informed Investment DecisionsFundamentals of Investing helps students make informed investment decisions by providing a solid foundation of core concepts and tools. Smart/Gitman/Joehnk use practical, hands-on applications to introduce the topics and techniques used by both personal investors and money managers. The authors integrate a consistent framework based on learning goals to keep students focused in each chapter. Students leave the course with the necessary information for developing, implementing, and monitoring a successful investment program. The Thirteenth Edition uses a conversational tone to make the foreign language, concepts, and strategies of investing accessible to a student audience. With the help of examples throughout, students learn to make informed decisions in order to achieve investment goals. The book focuses on both individual securities and portfolios, teaching students to consider the risk and return of different types of investments and how to use this knowledge to develop, implement, and monitor goals. MyFinanceLab not included. Students, if MyFinanceLab is a recommended/mandatory component of the course, please ask your instructor for the correct ISBN and course ID. MyFinanceLab should only be purchased when required by an instructor. Instructors, contact your Pearson representative for more information.MyFinanceLab is an online homework, tutorial, and assessment product designed to personalize learning and improve results. With a wide range of interactive, engaging, and assignable activities, students are encouraged to actively learn and retain tough course concepts.
The Classic Guide to Real Estate Investing Updated for a Re-energized Industry! Real estate is once again a great investment, and this bestselling guide provides everything you need to know to get in now and make your fortune. What Every Real Estate Investor Needs to Know About Cash Flow removes the guesswork from investing in real estate by teaching you how to crunch numbers like a pro, so you can confidently judge a property s value and ensure it provides long-term returns. Real estate expert, Frank Gallinelli has added new, detailed investment case studies, while maintaining the essentials that have made his book a staple among serious investors. Learn how to measure critical aspects of real estate investments, including: Discounted Cash Flow Net Present Value Capitalization Rate Cash-on-Cash Return Net Operating Income Internal Rate of Return Profitability Index Return on Equity Whether you re just beginning in real estate investing or you re a seasoned professional, What Every Real Estate Investor Needs to Know About Cash Flow has what you need to make sure you take the smartest approach for your next investment using proven calculations.
An introduction to the lives and works of the most influential economists of modern times.
The proven, all-weather investing strategy that delivers long-term, consistent returnsThe most common investing approach today-one that values "growth" over all else- can be ineffective and counterproductive for many investors, not to mention needlessly stressful. Now, one of Seeking Alpha's most popular writers, Steven Bavaria, provides a groundbreaking alternative that will see you through all markets-up, down, and sideways. The Income Factory shows how to build an income stream that increases solidly and consistently-a result of re-investing and compounding the dividends. And the best part? This income stream actually grows faster during market downturns than during flat or rising market periods. The Income Factory sheds light on: . Why "high-yield" doesn't have to mean "high-risk" . How credit investments perform more predictably than equity investments . Why "junk" is a misnomer-and why high-yield debt is safer than most of the stocks investors own . How to grow your wealth steadily without following the markets obsessively Through Bavaria's strategy, cash income increases year after year at a predictable rate. For example, a 9% yielding portfolio doubles and re-doubles every 8 years. If you're in for the long haul, an Income Factory lets you achieve your goals and still sleep well at night.Investing does not have to be about picking specific horses and hoping they win the race. An Income Factory achieves its goals by essentially betting on horses to make it around the track and finish the race. Those are easier bets to win, and they don't require us to be glued to the financial news 24/7.
Discover how you can make money from cryptocurrency - even if you're a complete noviceBetween 2010 and 2017 The price of Bitcoin rose from $0.07 to over $16,000 - An increase of 22,857,000%!That's the equivalent of buying 1 share of Apple stock today and that very same share being worth an astonishing $38.7 million in just 7 short years.But the Bitcoin ship has sailed right? Aren't the best days of cryptocurrency are over?Think again.In fact, there is no better time than now to get involved in the cryptocurrency marketThis year, those who bought Ethereum in January saw the price rise from $8.06 to a peak of $486 - an increase of a whopping 59296%Or what about Litecoin, which rose 3520% from $4.33 to 156.78 this calender year?In the same time frame the SNP 500 rose a mere 10.25% - and that was a good year for the marketGold only rose 10.16% in the same time period.This may sound like hype, except these are real numbers. Real millionaires have been created in the past 5 years thanks to Bitcoin and other cryptocurrencies.And now you can invest and profit from these unbelievable wealth growers.This book will show you a step by step process how you can buy, sell and profit from cryptocurrency - even if you don't know the difference between a Bitcoin and a BlockchainIt's that easy.This isn't 2012 when buying cryptocurrency involved jumping over multiple hurdles just to get a piece of the pie. It's never been so easy to be a part of the cryptocurrency market.Cryptocurrency Beginners Bible teaches you:The fundamentals behind the technology that backs up cryptocurrency - Page 24How you can buy Bitcoin, Ethereum and other cryptocurrencies in less than 15 minutes - Page 37An analysis of the strengths and weaknesses of 13 different cryptocurrencies - Page 42Where to get your information regarding cryptocurrency if you want to avoid pitfalls - Page 96A real life case study of what NOT to do when buying an altcoin - Page 107But aren't cryptocurrencies risky?Like any investment, they carry certain risks. That's why we've created this book to help you stay informed and armed with the best knowledge possible - broken down into easy, digestible language.Reduce your risk and learn the safest way to buy, store and profit from cryptocurrency.See how you can benefit from this incredible opportunity...all for the price of your daily coffeeOrder now to begin making money today!P.S. Remember, cryptocurrency is the number one investment in terms of returns over the past 7 years - download Cryptocurrency Beginners Bible to discover how you can be a part of the world's fastest growing market
The Next 20 Years Will Be Completely Different From The PastCurrent global trends are bleak: weak economic growth, too much debt, declining incomes for the lower 99%, a dangerous addiction to fossil fuels, and ecological destruction – just to name a few. Many of usunderstandably feel resigned to an eroding standard of living in the years to come. At best.But what if we told you that there are specific, attainable steps you can take today that can limit your vulnerability to these trends and help you be:- Richer- Live with greater purpose- Healthier- More valued by others- Happier- Safer from harmThat’s exactly what Prosper! offers: a blueprint for taking control of and improving your destiny. It outlines practical, actionable investments of your time & resources that will ensure you enjoy greater prosperity in yourlife, whatever the future may bring.In Prosper!, Martenson and Taggart will explain:- The trends mostly likely to shape your life over the next 20 years- Why developing resilience offers your best chance for thriving, even though society may suffer from the changes these trends may bring
'The ITIL pocket guides of Van Haren Publishing are since long recognized as the industry classic guide on the topic of ITIL, in many languages. Over the years this authoritative guide has earned its place on the bookshelves and in the briefcases of industry experts as they implement best practices within their organizations.
There have been many attempts to build a socialist society, from the Soviet Union to Maoist China to Venezuela. All of them have ended in failure. But, according to socialism's adherents, that is only because none of these experiments were "real socialism". This book documents the history of this response.
The myth-busting book shows how large companies can construct a strategy, system, and culture of innovation that creates sustained growth.
The real-life trades and strategies of a successful cryptocurrency trader.
Why is America so rich and powerful? The answer lies in our genes, according to psychologist John Gartner.Hypomania, a genetically based mild form of mania, endows many of us with unusual energy, creativity, enthusiasm, and a propensity for taking risks. America has an extraordinarily high number of hypomanics—grandiose types who leap on every wacky idea that occurs to them, utterly convinced it will change the world. Market bubbles and ill-considered messianic crusades can be the downside. But there is an enormous upside in terms of spectacular entrepreneurial zeal, drive for innovation, and material success. Americans may have a lot of crazy ideas, but some of them lead to brilliant inventions. Why is America so hypomanic? It is populated primarily by immigrants. This self-selection process is the boldest natural experiment ever conducted. Those who had the will, optimism, and daring to take the leap into the unknown have passed those traits on to their descendants. Bringing his audacious and persuasive thesis to life, Gartner offers case histories of some famous Americans who represent this phenomenon of hypomania. These are the real stories you never learned in school about some of those men who made America: Columbus, who discovered the continent, thought he was the messiah. John Winthrop, who settled and defined it, believed Americans were God's new chosen people. Alexander Hamilton, the indispensable founder who envisioned America's economic future, self-destructed because of pride and impulsive behavior. Andrew Carnegie, who began America's industrial revolution, was sure that he was destined personally to speed up human evolution and bring world peace. The Mayer and Selznick families helped create the peculiarly American art form of the Hollywood film, but familial bipolar disorders led to the fall of their empires. Craig Venter decoded the human genome, yet his arrogance made him despised by most of his scientific colleagues, even as he spurred them on to make great discoveries. While these men are extraordinary examples, Gartner argues that many Americans have inherited the genes that have made them the most successful citizens in the world.
Kwame Nkrumah NEO-COLONIALISM THE LAST STAGE OF IMPERIALISM This is the book which, when first published in 1965, caused such an uproar in the US State Department that a sharp note of protest was sent to Kwame Nkrumah and the $25million of American "aid" to Ghana was promptly cancelled.
The author, an investigative journalist, knew almost nothing about banking until he was assigned to investigate the financial sector. Over two years he spoke to more than 200 people - from the competitive investment bankers to downtrodden back office staff. In this book, he tells their stories.
Don't spend your time worrying whether you can beat the markets: you don't need to beat them to be a successful investor. By showing you how to build a simple and rational portfolio and tailor it to your specific needs, Investing Demystified will help you generate superior returns. With his straightforward and jargon-free advice, Lars Kroijer simplies the often complex world of finance and tells you everything you need to know - and everything that you don't need to worry about - in order to make the most from your investments. In Investing Demystified you will: • Discover the mix of stocks, bonds and cash needed for a top performing portfolio• Learn why the most broadly diversified and simplest portfolio makes the most sense• Understand the right level of risk for you and how this affects your investments• Find out why a low cost approach will yield benefits whilst leaving you with a higher quality portfolio• Understand the implications of tax and liquidity
Written by the New York Times bestselling author of The Accidental Billionaires and Bringing Down the House, this title offers insight into the lives of Russia's most famous oligarchs.
Words of wisdom from Charlie Munger, Warren Buffett's longtime business partner.
An incisive analysis of the state of the global economy and what the future holds. Surrounded by sluggish growth, high rates of unemployment, rising inequality, growing financial instability and increased social tensions, pessimism about our future abounds. Dr. Mohamed A. El-Erian, one of the worldâ¿s most influential economic thinkers, explains lucidly the realities of the economic choices that we will soon face. The path that the global economy and markets are on is ending. But what comes thereafter is far from predestined. It critically depends on choices that we make as households and companies, and decisions that our political representatives take.  The Only Game in Town details how the world is increasingly being shaken, both from above and from below. It illuminates the growing internal contradictions, the constraints that are undermining growth and prosperity, and the radical overhaul in thinking that is required. In the aftermath of the financial crisis, central banks were handed responsibility for the fate of the global economy. Lifting the veil on the inner workings of these powerful and innovative institutions, El-Erian explains why they cannot save us this time around.  Laying out a road map for growth, The Only Game in Town shows how and why collaboration between central bankers, policymakers and business leaders is essential. Drawing on insights from behavioral science, economics and finance, this book provides the tools needed to understand the uncertainties that lie ahead and return us to a path of prosperity. Thought provoking and insightful, this book is required reading for investors, policymakers, and anyone interested in the future.
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