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Author: Jim Paul
Publisher: Columbia University Press
ISBN: 0231164688
Category : Business & Economics
Languages : en
Pages : 192
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Book Description
Jim Paul's meteoric rise took him from a small town in Northern Kentucky to governor of the Chicago Mercantile Exchange, yet he lost it all--his fortune, his reputation, and his job--in one fatal attack of excessive economic hubris. In this honest, frank analysis, Paul and Brendan Moynihan revisit the events that led to Paul's disastrous decision and examine the psychological factors behind bad financial practices in several economic sectors. This book--winner of a 2014 Axiom Business Book award gold medal--begins with the unbroken string of successes that helped Paul achieve a jet-setting lifestyle and land a key spot with the Chicago Mercantile Exchange. It then describes the circumstances leading up to Paul's $1.6 million loss and the essential lessons he learned from it--primarily that, although there are as many ways to make money in the markets as there are people participating in them, all losses come from the same few sources. Investors lose money in the markets either because of errors in their analysis or because of psychological barriers preventing the application of analysis. While all analytical methods have some validity and make allowances for instances in which they do not work, psychological factors can keep an investor in a losing position, causing him to abandon one method for another in order to rationalize the decisions already made. Paul and Moynihan's cautionary tale includes strategies for avoiding loss tied to a simple framework for understanding, accepting, and dodging the dangers of investing, trading, and speculating.
Author: Jim Paul
Publisher: Columbia University Press
ISBN: 0231164688
Category : Business & Economics
Languages : en
Pages : 192
Get Book Here
Book Description
Jim Paul's meteoric rise took him from a small town in Northern Kentucky to governor of the Chicago Mercantile Exchange, yet he lost it all--his fortune, his reputation, and his job--in one fatal attack of excessive economic hubris. In this honest, frank analysis, Paul and Brendan Moynihan revisit the events that led to Paul's disastrous decision and examine the psychological factors behind bad financial practices in several economic sectors. This book--winner of a 2014 Axiom Business Book award gold medal--begins with the unbroken string of successes that helped Paul achieve a jet-setting lifestyle and land a key spot with the Chicago Mercantile Exchange. It then describes the circumstances leading up to Paul's $1.6 million loss and the essential lessons he learned from it--primarily that, although there are as many ways to make money in the markets as there are people participating in them, all losses come from the same few sources. Investors lose money in the markets either because of errors in their analysis or because of psychological barriers preventing the application of analysis. While all analytical methods have some validity and make allowances for instances in which they do not work, psychological factors can keep an investor in a losing position, causing him to abandon one method for another in order to rationalize the decisions already made. Paul and Moynihan's cautionary tale includes strategies for avoiding loss tied to a simple framework for understanding, accepting, and dodging the dangers of investing, trading, and speculating.
Author: Mike Lupica
Publisher: Penguin
ISBN: 0142415588
Category : Juvenile Fiction
Languages : en
Pages : 273
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Book Description
From the #1 New York Times bestselling author of HEAT and TRAVEL TEAM. Everyone calls Nate Brodie "Brady" because he's a New England quarterback, just like his idol, Tom Brady. And now he's got a chance to win a million dollars by throwing one pass through a target at halftime in the Patriots; Thanksgiving night game. More than anything, Nate's family needs the money—his dad's been downsized, his mom's working two jobs, and they're on the verge of losing their house. The worry is more weight than a 13-year-old can bear, and it's affecting his playing for his own football team. Suddenly the boy with the golden arm is having trouble completing a pass . . . but can he make the one that really counts?
Author: James McKenna
Publisher: Workman Publishing
ISBN: 076118080X
Category : Juvenile Nonfiction
Languages : en
Pages : 145
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Book Description
"Published simultaneously in Canada by Thomas Allen & Son, Limited"--Title page verso.
Author: Andy Dunn
Publisher: Crown Currency
ISBN: 0593238281
Category : Business & Economics
Languages : en
Pages : 321
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Book Description
NATIONAL BESTSELLER • In this “gripping” (TechCrunch), “eye-opening” (Gayle King, Oprah Daily) memoir of mental illness and entrepreneurship, the co-founder of the menswear startup Bonobos opens up about the struggle with bipolar disorder that nearly cost him everything. “Arrestingly candid . . . the most powerful book I’ve read on manic depression since An Unquiet Mind.”—Adam Grant, #1 New York Times bestselling author of Think Again and host of WorkLife At twenty-eight, fresh from Stanford’s MBA program and steeped in the move-fast-and-break-things ethos of Silicon Valley, Andy Dunn was on top of the world. He was building a new kind of startup—a digitally native, direct-to-consumer brand—out of his Manhattan apartment. Bonobos was a new-school approach to selling an old-school product: men’s pants. Against all odds, business was booming. Hustling to scale the fledgling venture, Dunn raised tens of millions of dollars while boundaries between work and life evaporated. As he struggled to keep the startup afloat, Dunn was haunted by a ghost: a diagnosis of bipolar disorder he received after a frightening manic episode in college, one that had punctured the idyllic veneer of his midwestern upbringing. He had understood his diagnosis as an unspeakable shame that—according to the taciturn codes of his fraternity, the business world, and even his family—should be locked away. As Dunn’s business began to take off, however, some of the very traits that powered his success as a founder—relentless drive, confidence bordering on hubris, and ambition verging on delusion—were now threatening to undo him. A collision course was set in motion, and it would culminate in a night of mayhem—one poised to unravel all that he had built. Burn Rate is an unconventional entrepreneurial memoir, a parable for the twenty-first-century economy, and a revelatory look at the prevalence of mental illness in the startup community. With intimate prose, Andy Dunn fearlessly shines a light on the dark side of success and challenges us all to take part in the deepening conversation around creativity, performance, and disorder.
Author: Les Leopold
Publisher: Turner Publishing Company
ISBN: 1118438116
Category : Political Science
Languages : en
Pages : 205
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Book Description
How hedge funds make money by taking it from the rest of us?and how you can join them! Top hedge fund managers make more than Oprah, Rupert Murdoch, and A-Rod combined?but they aren't running news and entertainment empires or playing baseball for the New York Yankees. Aren't you curious about how these hedge fund dudes make so much doing who knows what? You may even wonder if you can get there, too. After all, this is America! This book gives you the answers in a twelve-step guide to accumulating vast riches the way hedge fund managers do?by playing trillion-dollar poker with a marked deck. Through each easy step, you'll learn the sleight of hand and disregard for basic morality you'll need to move from making tens of dollars an hour to millions an hour! Along the way, you'll also question whether these hedge fund moguls make markets work better?as they and their apologists insist?or cause instability, siphon off capital, and destroy value without adding so much as a single widget to the economy. Takes a fascinating tour of the wild side of fantasy finance to explain just how hedge fund managers make so much money?and whether or not the million-an-hour crowd produces anything positive for society and the economy Teaches you hedge fund secrets that make it possible to pull down astounding sums in the space of minutes?from rigging your bets to milking millions in special tax breaks?if you're willing to bankrupt your morality for the cash Counters many of the most common arguments about why speculating in financial markets is somehow "worth more" than creating entertainment, electronics, or consumer goods that consumers want Written by Les Leopold, the popular AlterNet writer and author of The Looting of America
Author: Brendan Moynihan
Publisher: John Wiley & Sons
ISBN: 111803032X
Category : Business & Economics
Languages : en
Pages : 154
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Book Description
An in-depth look at the failure of Wall Street's "proven" financial models Origami is the Japanese art of folding paper into intricate and aesthetically attractive shapes. As such, it is the perfect metaphor for the Wall Street financial engineering model, which ultimately proved to be the underlying cause of the 2008 financial crisis. In Financial Origami, Brendan Moynihan describes how the Wall Street business model evolved from a method to transfer risk into a method for manufacturing risk. Along the way, this timely book skillfully dissects financial engineering and addresses how it's often a mechanism to evade regulatory constraints, provide institutional investors with customized products, and, of course, generate revenue for financial engineers. Reveals how Wall Street's financial engineering business model morphed into something destructive Highlights how the origami model worked well in the comparatively stable years of the early 2000s, when there was less risk to transfer Discusses how Wall Street began manufacturing risk by creating products that multiplied risk exposures and encouraged subprime lending With the collapse of Lehman Brother the Wall Street business model effectively broke. But there are many lessons to be learned from what has transpired, and Financial Origami will show you what they are.
Author: Robert Lichello
Publisher: Penguin
ISBN: 1101157631
Category : Business & Economics
Languages : en
Pages : 270
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Book Description
Trusted by thousands of investors worldwide since 1977, this bestselling classic reveals Robert Lichello's revolutionary formula for earning profits in stocks and mutual funds—automatically. Unlike other investment strategies that focus on stock selection, AIM relies on time—and is designed to work in any kind of market with any size investment. Lichello originally developed AIM in response to the heartbreaking collapse of the great bull market of the 1960s and today his ideas are more relevant than ever. AIM is easy and dependable, and it works. Simply put, it's a money. Now Lichello has updated and reformulated AIM for today's market. AIM-HI (AIM High Intensity) will do for you what it has already done for millions...
Author: Robert Rolih
Publisher:
ISBN: 9781946978004
Category :
Languages : en
Pages :
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Book Description
"If you care about your financial future and if you don't want to get ripped off by the financial industry, read this book now." (Daven Michaels, NY Times bestselling author) Are you investing with the help of financial advisers, money managers or bankers? Are you thinking about investing, but you don't know where to start and who to trust in the financial jungle out there? Are you a busy professional who hates financial mumbo-jumbo and doesn't have time for investing? Are you scared to invest because it seems too overwhelming and complex? The BAD news is that most financial advisers, gurus and other financial "experts" are out there to legally steal your invested money. That is why a typical investor loses more than one million dollars in his/her investing career (see pages 172-175). The GOOD news is that you can smile now because finally there is a simple solution. Robert Rolih will share with you the details and secret subtleties that will enable you to fire your financial adviser, take control of your money and investments and outperform the pros - while spending only a few hours per year. By reading The Million Dollar Decision, you'll finally discover how to make sure your invested money works for you and not for the financial industry: The Six Dark Forces of Investing: if you don't learn what these forces are, you will never be able to invest profitably. Get to know them, and Darth Vader will seem like a good guy to you. The Commission Camouflage Effect: learn how the financial industry takes most of your future returns - without you even being aware of it. The most important formula of your financial life: Financial Success Formula. This is an entirely new philosophy on personal finance and investing that will, quite literally, save you financially. If you have adult children, you will want to share it with them right away. Financial safety with the A.R.M.O.R. Formula: even if you are the kindest and most positive person, something unforeseen can happen that turns everything around. Use this simple formula to prevent financial disasters from disrupting your financial security. Selecting the right financial products and minimizing risk: stocks, bonds, mutual funds, index funds, gold, silver. Get a clear answer on how to make the right choices. Investing for retirement or to grow your wealth simply can't get easier! How to beat Richard Branson's speed of creating wealth with one smart move? No hype. Just facts. This will come as a total surprise for you. Short-Term Investing Slaughterhouse: learn the sad truth about short-term trading. If you are thinking about trading stocks, Forex, binary options and other instruments, this chapter will be a life saver. How to make the Million Dollar Decision, get out of the rigged game of investing and add a million to your net worth in just a couple of hours per year? By reading this book you'll have total confidence in yourself when investing and outperform even the experts in just a couple of hours per year. Add this book to cart now and make your Million Dollar Decision! "Being a doctor of medicine I have never enjoyed books about personal finance and investing. That was the first book that I not only read from cover to cover, but used it to change my investing plans. I cannot thank you enough for the information in your book. nDylaan Dowlati, MD, MBA-HCM "I thought I knew just about all there is to know about investing. But I put my emotions aside and listened to Robert's logic and I was stunned! I took immediate action to bring my investments in line with his recommendations. I believe this book really will be a Million Dollar Decision for me!" -Ralph Brogden, bestselling author
Author: Ed Slott
Publisher: Penguin
ISBN: 014313454X
Category : Business & Economics
Languages : en
Pages : 450
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Book Description
AS SEEN ON PUBLIC TELEVISION New for 2021—The complete action plan from Ed Slott, "the best source of IRA advice" (Wall Street Journal), to help you make sure your 401(k)s, IRAs, and retirement savings aren't depleted by taxes by the time you need to use them. If you're like most Americans, your most valuable asset is your retirement fund. We diligently save money for years, yet most of us don't know how to avoid the costly mistakes that cause a good chunk of those savings to be lost to needless and excessive taxation. Now, in the midst of a financial crisis, there is more need than ever to protect your assets. The New Retirement Savings Time Bomb, by renowned tax advisor Ed Slott, shows you in clear-cut layman's terms how to take control over your retirement savings plan. This easy-to-follow plan helps you place your assets to avoid the latest traps set out by congress in addition to any that might be set down the road, so you can keep your hard-earned money no matter what. And, it's fully up-to date with information on the SECURE Act and everything you need to know about how the coronavirus relief bills will affect your savings down the road. This book is required reading for every American with savings and investments who is planning to retire, be it five years from now or fifty.
Author: Ken Uston
Publisher:
ISBN: 9781626540156
Category : Games
Languages : en
Pages : 414
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Book Description
Contrary to popular opinion, anyone who enters a casino can win at blackjack. In blackjack, unlike many casino games, your winnings depend on skill rather than chance. Players have left behind billions of dollars at the blackjack table, but it doesn't have to be that way anymore World famous blackjack expert Ken Uston provides seven simple rules to improve your game and presents students with four levels of winning skills. Strategies start with the Simple Plus/Minus for beginners and work up to the Advanced Plus/Minus and the Uston Ace-Five Count. "Million Dollar Blackjack" also explains the Uston Advance Point Count method, used by some of the world's top blackjack professionals. Notoriously hailed the "blackjack bible," "Million Dollar Blackjack" remains one of the most pivotal and comprehensive guides on the game. Breaking down the various rules, strategies, and counting methods, Uston discloses the tactics that made him a multi-million dollar winner. In this book, he covers nearly every aspect of casino blackjack from selecting the right game, to avoiding being barred, to the "illegal" side of blackjack, to cheating dealers and players. "Million Dollar Blackjack" details a myriad of playing techniques fortified by insider information. Ken Uston has carefully evaluated all previous blackjack theories and schools to offer you the most comprehensive guide on the game. Ken Uston (1935-1987) was arguably the world's foremost blackjack player and game strategist. He graduated from Yale with a BA in Economics and received his MBA in Finance from Harvard. After a stint as the Senior Vice President of the Pacific Coast Stock Exchange, Uston traded his three-piece suit for the unpredictable life of the professional gambler. During his blackjack career, he mastered card counting, which led him to be barred from a number of casinos. Uston won a lawsuit against casinos in New Jersey, which protested the banishment of card-counting players, and its ruling still holds today. Uston has authored a number of bestselling books including "Ken Uston on Blackjack" and "Mastering Pac-Man."
