Mr. Market Miscalculates

Mr. Market Miscalculates PDF Author: James Grant
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 464

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Book Description
"Wall Street newsletters come and go, but Grant's Interest Rate Observer has gone on and on. It has enlightened, enriched and provoked Wall Streets most successful investors every two weeks for the past 25 years. Its thousands of readers treasure it not only for its insights and analysis, but also for its clarity and wit." "This special anniversary collection of Grant's articles traces the tumultuous events of Americas bubble era: from the dot-com boom of the late 1990s to the house-price levitation of the early 2000s to the subsequent worldwide mortgage collapse. The essays contained herein make up no armchair history, but a living record comprised in the heat of events. They chronicle what happened and why - and what, in editor Grant's best judgment, was likely to happen down the road."--BOOK JACKET.

Mr. Market Miscalculates

Mr. Market Miscalculates PDF Author: James Grant
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 464

Get Book Here

Book Description
"Wall Street newsletters come and go, but Grant's Interest Rate Observer has gone on and on. It has enlightened, enriched and provoked Wall Streets most successful investors every two weeks for the past 25 years. Its thousands of readers treasure it not only for its insights and analysis, but also for its clarity and wit." "This special anniversary collection of Grant's articles traces the tumultuous events of Americas bubble era: from the dot-com boom of the late 1990s to the house-price levitation of the early 2000s to the subsequent worldwide mortgage collapse. The essays contained herein make up no armchair history, but a living record comprised in the heat of events. They chronicle what happened and why - and what, in editor Grant's best judgment, was likely to happen down the road."--BOOK JACKET.

Financial Fiasco

Financial Fiasco PDF Author: Johan Norberg
Publisher: Cato Institute
ISBN: 1937184080
Category : Political Science
Languages : en
Pages : 228

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Book Description
Now newly expanded, with a with a new chapter on the spreading global economic crisis, Financial Fiasco guides readers through a world of irresponsible behavior by consumers, decisionmakers in companies, government agencies, and political institutions.

Money of the Mind

Money of the Mind PDF Author: James Grant
Publisher: Macmillan
ISBN: 0374524017
Category : Business & Economics
Languages : en
Pages : 530

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Book Description
The 1980s witnessed a lemming-like rush into the sea of debt on the part of the American industrial and financial communities, with consequences we are only beginning to appreciate. But the speculative frenzy of the eighties didn't just happen. It was the culmination of a long cycle of slow relaxation of credit practices--the subject of James Grant's brilliant, clear-eyed history of American finance. Two long-running trends converged in the 1980s to create one of our greatest speculative booms: the democratization of credit and the socialization of risk. At the turn of the century, it was almost impossible for the average working person to get a loan. In the 1980s, it was almost impossible to refuse one. As the pace of lending grew, the government undertook to bear more and more of the creditors' risk--a pattern, begun in the Progressive era, which reached full flower in the "conservative" administration of Ronald Reagan. Based on original scholarship as well as firsthand observation, Grant's book puts our recent love affair with debt in an entirely fresh, often chilling, perspective. The result is required--and wickedly entertaining--reading for everyone who wants or needs to understand how the world really works. "A brilliantly eccentric, kaleidoscopic tour of our credit lunacy. . . . A splendid, tooth-gnashing saga that should be savored for its ghoulish humor and passionately debated for its iconoclastic analysis. It is a fitting epitaph to the credit binge of the '80s."--Ron Chernow, The Wall Street Journal.

Bernard M. Baruch

Bernard M. Baruch PDF Author: James L. Grant
Publisher: John Wiley & Sons
ISBN: 9780471170754
Category : Biography & Autobiography
Languages : en
Pages : 398

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Book Description
This biography of Bernard Baruch considered to be renowned as the definitive story about the notorious financial wizard and presidential advisor. Baruch's political policies are discussed briefly, and James Grant includes a detailed account of Baruch's trading and investment gains and losses.

John Adams: Party of One

John Adams: Party of One PDF Author: James Grant
Publisher: Macmillan
ISBN: 0374530238
Category : Biography & Autobiography
Languages : en
Pages : 560

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Book Description
A biography of the revolutionary, founding father, and second president of the United States explores his origins as a son of Massachusetts who crafted himself into an uncompromisingly ethical politician and social reformer.

Mr. Speaker!

Mr. Speaker! PDF Author: James Grant
Publisher: Simon and Schuster
ISBN: 1451611099
Category : Biography & Autobiography
Languages : en
Pages : 450

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Book Description
James Grant’s enthralling biography of Thomas B. Reed, Speaker of the House during one of the most turbulent times in American history—the Gilded Age, the decades before the ascension of reformer President Theodore Roosevelt—brings to life one of the brightest, wittiest, and most consequential political stars in our history. The last decades of the nineteenth century were a volatile era of rampantly corrupt politics. It was a time of both stupendous growth and financial panic, of land bubbles and passionate and sometimes violent populist protests. Votes were openly bought and sold in a Congress paralyzed by the abuse of the House filibuster by members who refused to respond to roll call even when present, depriving the body of a quorum. Reed put an end to this stalemate, empowered the Republicans, and changed the House of Representatives for all time. The Speaker’s beliefs in majority rule were put to the test in 1898, when the sinking of the U.S.S. Maine in Havana Harbor set up a popular clamor for war against Spain. Reed resigned from Congress in protest. A larger-than-life character, Reed checks every box of the ideal biographical subject. He is an important and significant figure. He changed forever the way the House of Representatives does its business. He was funny and irreverent. He is, in short, great company. “What I most admire about you, Theodore,” Reed once remarked to his earnest young protégé, Teddy Roosevelt, “is your original discovery of the Ten Commandments.” After he resigned his seat, Reed practiced law in New York. He was successful. He also found a soul mate in the legendary Mark Twain. They admired one another’s mordant wit. Grant’s lively and erudite narrative of this tumultuous era—the raucous late nineteenth and early twentieth centuries—is a gripping portrait of a United States poised to burst its bounds and of the men who were defining it.

The Forgotten Depression

The Forgotten Depression PDF Author: James Grant
Publisher: Simon and Schuster
ISBN: 1451686463
Category : Business & Economics
Languages : en
Pages : 272

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Book Description
"By the publisher of the prestigious Grant's Interest Rate Observer, an account of the deep economic slump of 1920-21 that proposes, with respect to federal intervention, "less is more." This is a free-market rejoinder to the Keynesian stimulus applied by Bush and Obama to the 2007-09 recession, in whose aftereffects, Grant asserts, the nation still toils. James Grant tells the story of America's last governmentally-untreated depression; relatively brief and self-correcting, it gave way to the Roaring Twenties. His book appears in the fifth year of a lackluster recovery from the overmedicated downturn of 2007-2009. In 1920-21, Woodrow Wilson and Warren G. Harding met a deep economic slump by seeming to ignore it, implementing policies that most twenty-first century economists would call backward. Confronted with plunging prices, wages, and employment, the government balanced the budget and, through the Federal Reserve, raised interest rates. No "stimulus" was administered, and a powerful, job-filled recovery was under way by late in 1921. In 1929, the economy once again slumped--and kept right on slumping as the Hoover administration adopted the very policies that Wilson and Harding had declined to put in place. Grant argues that well-intended federal intervention, notably the White House-led campaign to prop up industrial wages, helped to turn a bad recession into America's worst depression. He offers the experience of the earlier depression for lessons for today and the future. This is a powerful response to the prevailing notion of how to fight recession. The enterprise system is more resilient than even its friends give it credit for being, Grant demonstrates"--

Buffett Beyond Value

Buffett Beyond Value PDF Author: Prem C. Jain
Publisher: John Wiley & Sons
ISBN: 0470467150
Category : Business & Economics
Languages : en
Pages : 327

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Book Description
A detailed look at how Warren Buffett really invests In this engaging new book, author Prem Jain extracts Warren Buffett's wisdom from his writings, Berkshire Hathaway financial statements, and his letters to shareholders and partners in his partnership firms-thousands of pages written over the last fifty years. Jain uncovers the key elements of Buffett's approach that every investor should be aware of. With Buffett Beyond Value, you'll learn that, contrary to popular belief, Warren Buffett is not a pure value investor, but a unique thinker who combines the principles of both value and growth investing strategies. You'll also discover why understanding CEOs is more important than studying financial metrics; and why you need an appropriate psychological temperament to be a successful investor. Reveals Buffett's multifaceted investment principles Discusses how Buffett thinks differently from others about portfolio diversification, market efficiency, and corporate governance Highlights how you can build a diverse and profitable investment portfolio With this book as your guide, you'll learn how to successfully invest like Warren Buffett.

Extreme Money

Extreme Money PDF Author: Satyajit Das
Publisher: FT Press
ISBN: 0132790076
Category : Business & Economics
Languages : en
Pages : 481

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Book Description
Everything from home mortgages to climate change has become financialized, as vast fortunes are generated by individuals who build nothing of lasting value. Das shows how "extreme money" has become ever more unreal; how "voodoo banking" continues to generate massive phony profits even now; and how a new generation of "Masters of the Universe" has come to domiinate the world.

Bagehot: The Life and Times of the Greatest Victorian

Bagehot: The Life and Times of the Greatest Victorian PDF Author: James Grant
Publisher: W. W. Norton & Company
ISBN: 0393609200
Category : Biography & Autobiography
Languages : en
Pages : 428

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Book Description
“Excellent… and written in a gripping style.” —The Economist During the upheavals of 2007–09, the chairman of the Federal Reserve had the name of one Victorian icon on the tip of his tongue: Walter Bagehot. Banker, man of letters, and inventor of the Treasury bill, Bagehot prescribed the doctrines that—decades later—inspired the radical responses to the world’s worst financial crises. Persuasive and precocious, he was also the esteemed editor of the Economist. He offered astute commentary on the financial issues of his day, held sway in political circles, made as many high-profile friends as enemies, and won the admiration of Matthew Arnold and Woodrow Wilson. Drawing on a wealth of historical documents, correspondence, and publications, James Grant paints a vivid portrait of the banker and his world.