Download or read book The Mind of Wall Street written by Leon Levy and published by PublicAffairs. This book was released on 2009-03-25 with total page 237 pages. Available in PDF, EPUB and Kindle. Book excerpt: As stock prices and investor confidence have collapsed in the wake of Enron, WorldCom, and the dot-com crash, people want to know how this happened and how to make sense of the uncertain times to come. Into the breach comes one of Wall Street's legendary investors, Leon Levy, to explain why the market so often confounds us, and why those who ought to understand it tend to get chewed up and spat out. Levy, who pioneered many of the innovations and investment instruments that we now take for granted, has prospered in every market for the past fifty years, particularly in today's bear market. In The Mind of Wall Street he recounts stories of his successes and failures to illustrate how investor psychology and willful self-deception so often play critical roles in the process. Like his peers George Soros and Warren Buffett, Levy takes a long and broad view of the rhythms of the markets and the economy. He also offers a provocative analysis of the spectacular Internet bubble, showing that the market has not yet completely recovered from its bout of "irrational exuberance." The Mind of Wall Street is essential reading for all of us, whether we are active traders or simply modest contributors to our 401(k) plans, as volatile and unnerving markets come to define so much of our net worth.
Download or read book Forget Wall Street written by Law Steeple MBA and published by Createspace Independent Publishing Platform. This book was released on 2015-11-06 with total page 66 pages. Available in PDF, EPUB and Kindle. Book excerpt: Wall Street takes $530 billions of our money every year Every year, you and I give up $530 billions of our returns to the middle people who claim they can outperform everyone else. Most can't and we lose. The average investor earned just 3.79% annually while a market index earned 11% over any period for 30 years. http: //www.dalbar.com/Portals/dalbar/cache/News/PressReleases/DALBAR%20Pinpoints%20Investor%20Pain%202015.pdf According to an unbiased Morningstar study, low-cost funds beat high-cost funds all the time. It is a myth of Wall Street that you must pay more for good performance. You are just paying for the Wolf of Wall Street's toys. Other Wall Street myths: Buy low, sell high; manager tenure; proven performer; get in on the ground floor; concentrate portfolio. Warren Buffett, master investor, says "use low-cost index funds" "A very low-cost index is going to beat a majority of the amateur-managed money or professionally-managed money." Mr Buffett also said that his secret is compound interest: My wealth has come from a combination of living in America, some lucky genes, and compound interest. Compounding high investment returns is money earning money on its prior earnings over time. Simple but powerful.
Download or read book Wall Street written by Doug Henwood and published by . This book was released on 1998 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: A scathing dissection of the wheeling and dealing in the world's greatest financial center. Spot rates, zero coupons, blue chips, futures, options on futures, indexes, options on indexes. The vocabulary of a financial market can seem arcane, even impenetrable. Yet despite its opacity, financial news and comment is ubiquitous. Major national newspapers devote pages of newsprint to the financial sector and television news invariably features a visit to the market for the latest prices. Does this prodigious flow of information have significance for anyone except the tiny percentage of people who have significant holdings of stocks or bonds? And if it does, can non-specialists ever hope to understand what the markets are up to? To these questions Wall Street answers an emphatic yes. Its author Doug Henwood is a notorious scourge of the stock exchange in the pages of his acerbic publication Left Business Observer. The Newsletter has received wide acclamation from J.K. Galbraith, among others, and occasional less favorable comment. Norman Pearlstine, then executive editor of the Wall Street Journal, lamented, 'You are scum ... it's tragic that you exist.' With compelling clarity, Henwood dissects the world's greatest financial center, laying open the intricacies of how, and for whom, the market works. The Wall Street which emerges is not a pretty sight. Hidden from public view, the markets are poorly regulated, badly managed, chronically myopic and often corrupt. And though, as Henwood reveals, their activity contributes almost nothing to the real economy where goods are made and jobs created, they nevertheless wield enormous power. With over a trillion dollars a day crossing the wires between the world's banks, Wall Street and its sister financial centers don't just influence government, effectively they are the government.
Download or read book Forget Wall Street written by Ryan L. Hinricher and published by Createspace Independent Pub. This book was released on 2012-12-01 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt: Ryan Hinricher and Stephen Green founded Investor Nation in 2009. The housing and mortgage crisis was in full swing and many people fled real estate investments. Hinricher and Green felt it was the beginning of a whole new real estate opportunity: value investing. These two real estate investors have executed more than $55 million in real estate transactions since 2000, and they know the long term, highly profitable approach isn't about “fast flips” or cheap rental properties.
Download or read book Liquidated written by Karen Ho and published by Duke University Press. This book was released on 2009-07-13 with total page 390 pages. Available in PDF, EPUB and Kindle. Book excerpt: Financial collapses—whether of the junk bond market, the Internet bubble, or the highly leveraged housing market—are often explained as the inevitable result of market cycles: What goes up must come down. In Liquidated, Karen Ho punctures the aura of the abstract, all-powerful market to show how financial markets, and particularly booms and busts, are constructed. Through an in-depth investigation into the everyday experiences and ideologies of Wall Street investment bankers, Ho describes how a financially dominant but highly unstable market system is understood, justified, and produced through the restructuring of corporations and the larger economy. Ho, who worked at an investment bank herself, argues that bankers’ approaches to financial markets and corporate America are inseparable from the structures and strategies of their workplaces. Her ethnographic analysis of those workplaces is filled with the voices of stressed first-year associates, overworked and alienated analysts, undergraduates eager to be hired, and seasoned managing directors. Recruited from elite universities as “the best and the brightest,” investment bankers are socialized into a world of high risk and high reward. They are paid handsomely, with the understanding that they may be let go at any time. Their workplace culture and networks of privilege create the perception that job insecurity builds character, and employee liquidity results in smart, efficient business. Based on this culture of liquidity and compensation practices tied to profligate deal-making, Wall Street investment bankers reshape corporate America in their own image. Their mission is the creation of shareholder value, but Ho demonstrates that their practices and assumptions often produce crises instead. By connecting the values and actions of investment bankers to the construction of markets and the restructuring of U.S. corporations, Liquidated reveals the particular culture of Wall Street often obscured by triumphalist readings of capitalist globalization.
Download or read book A Primer for Forgetting written by Lewis Hyde and published by Farrar, Straus and Giroux. This book was released on 2019-06-18 with total page 384 pages. Available in PDF, EPUB and Kindle. Book excerpt: “One of our true superstars of nonfiction” (David Foster Wallace), Lewis Hyde offers a playful and inspiring defense of forgetfulness by exploring the healing effect it can have on the human psyche. We live in a culture that prizes memory—how much we can store, the quality of what’s preserved, how we might better document and retain the moments of our life while fighting off the nightmare of losing all that we have experienced. But what if forgetfulness were seen not as something to fear—be it in the form of illness or simple absentmindedness—but rather as a blessing, a balm, a path to peace and rebirth? A Primer for Forgetting is a remarkable experiment in scholarship, autobiography, and social criticism by the author of the classics The Gift and Trickster Makes This World. It forges a new vision of forgetfulness by assembling fragments of art and writing from the ancient world to the modern, weighing the potential boons forgetfulness might offer the present moment as a creative and political force. It also turns inward, using the author’s own life and memory as a canvas upon which to extol the virtues of a concept too long taken as an evil. Drawing material from Hesiod to Jorge Luis Borges to Elizabeth Bishop to Archbishop Desmond Tutu, from myths and legends to very real and recent traumas both personal and historical, A Primer for Forgetting is a unique and remarkable synthesis that only Lewis Hyde could have produced.
Download or read book Forget the Alamo written by Bryan Burrough and published by Penguin. This book was released on 2022-06-07 with total page 433 pages. Available in PDF, EPUB and Kindle. Book excerpt: A New York Times bestseller! “Lively and absorbing. . ." — The New York Times Book Review "Engrossing." —Wall Street Journal “Entertaining and well-researched . . . ” —Houston Chronicle Three noted Texan writers combine forces to tell the real story of the Alamo, dispelling the myths, exploring why they had their day for so long, and explaining why the ugly fight about its meaning is now coming to a head. Every nation needs its creation myth, and since Texas was a nation before it was a state, it's no surprise that its myths bite deep. There's no piece of history more important to Texans than the Battle of the Alamo, when Davy Crockett and a band of rebels went down in a blaze of glory fighting for independence from Mexico, losing the battle but setting Texas up to win the war. However, that version of events, as Forget the Alamo definitively shows, owes more to fantasy than reality. Just as the site of the Alamo was left in ruins for decades, its story was forgotten and twisted over time, with the contributions of Tejanos--Texans of Mexican origin, who fought alongside the Anglo rebels--scrubbed from the record, and the origin of the conflict over Mexico's push to abolish slavery papered over. Forget the Alamo provocatively explains the true story of the battle against the backdrop of Texas's struggle for independence, then shows how the sausage of myth got made in the Jim Crow South of the late nineteenth and early twentieth century. As uncomfortable as it may be to hear for some, celebrating the Alamo has long had an echo of celebrating whiteness. In the past forty-some years, waves of revisionists have come at this topic, and at times have made real progress toward a more nuanced and inclusive story that doesn't alienate anyone. But we are not living in one of those times; the fight over the Alamo's meaning has become more pitched than ever in the past few years, even violent, as Texas's future begins to look more and more different from its past. It's the perfect time for a wise and generous-spirited book that shines the bright light of the truth into a place that's gotten awfully dark.
Download or read book Those Who Forget written by Geraldine Schwarz and published by Simon and Schuster. This book was released on 2020-09-22 with total page 352 pages. Available in PDF, EPUB and Kindle. Book excerpt: “[Makes] the very convincing case that, until and unless there is a full accounting for what happened with Donald Trump, 2020 is not over and never will be.” —The New Yorker “Riveting…we can never be reminded too often to never forget.” —The Wall Street Journal Journalist Géraldine Schwarz’s astonishing memoir of her German and French grandparents’ lives during World War II “also serves as a perceptive look at the current rise of far-right nationalism throughout Europe and the US” (Publishers Weekly). During World War II, Géraldine Schwarz’s German grandparents were neither heroes nor villains; they were merely Mitlaüfer—those who followed the current. Once the war ended, they wanted to bury the past under the wreckage of the Third Reich. Decades later, while delving through filing cabinets in the basement of their apartment building in Mannheim, Schwarz discovers that in 1938, her paternal grandfather Karl took advantage of Nazi policies to buy a business from a Jewish family for a low price. She finds letters from the only survivor of this family (all the others perished in Auschwitz), demanding reparations. But Karl Schwarz refused to acknowledge his responsibility. Géraldine starts to question the past: How guilty were her grandparents? What makes us complicit? On her mother’s side, she investigates the role of her French grandfather, a policeman in Vichy. Weaving together the threads of three generations of her family story with Europe’s process of post-war reckoning, Schwarz explores how millions were seduced by ideology, overcome by a fog of denial after the war, and, in Germany at least, eventually managed to transform collective guilt into democratic responsibility. She asks: How can nations learn from history? And she observes that countries that avoid confronting the past are especially vulnerable to extremism. Searing and unforgettable, Those Who Forget “deserves to be read and discussed widely...this is Schwarz’s invaluable warning” (The Washington Post Book Review).
Download or read book F Wall Street written by Joel Ponzio and published by Simon and Schuster. This book was released on 2009-05-18 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Look at market fluctuations as your friend rather than your enemy; profit from folly rather than participate in it." —Warren Buffett Investors shouldn't hate the market because of its up and downs. They should capitalize on it—and give a middle finger to those brokers wasting their time (and money) buying and selling, viewing investing as just buying stocks and not taking ownership of a company. In this book, Joe Ponzio gives an "f-you" to Wall Street and teaches you how to become a sharp value investor who uses economic downturns to your advantage. By buying into companies you believe in—but that may be selling for less than their intrinsic value, like high-end retailers in a weak market and discount retailers in a strong one—you will profit from their long-term performance. It's the perfect guide for anyone fed up with Wall Street's bull.
Download or read book Markets Never Forget But People Do written by Kenneth L. Fisher and published by John Wiley & Sons. This book was released on 2011-11-08 with total page 246 pages. Available in PDF, EPUB and Kindle. Book excerpt: Sir John Templeton, legendary investor, was famous for saying, "The four most dangerous words in investing are, 'This time it's different.'" He knew that though history doesn't repeat, not exactly, history is an excellent guide for investors. In Markets Never Forget But People Do: How Your Memory Is Costing You Money and Why This Time Isn't Different, long-time Forbes columnist, CEO of Fisher Investments, and 4-time New York Times bestselling author Ken Fisher shows how and why investors' memories fail them—and how costly that can be. More important, he shows steps investors can take to begin reducing errors they repeatedly make. The past is never indicative of the future, but history can be one powerful guide in shaping forward looking expectations. Readers can learn how to see the world more clearly—and learn to make fewer errors—by understanding just a bit of investing past.
Download or read book Young Money written by Kevin Roose and published by Grand Central Publishing. This book was released on 2014-02-18 with total page 266 pages. Available in PDF, EPUB and Kindle. Book excerpt: Becoming a young Wall Street banker is like pledging the world's most lucrative and soul-crushing fraternity. Every year, thousands of eager college graduates are hired by the world's financial giants, where they're taught the secrets of making obscene amounts of money-- as well as how to dress, talk, date, drink, and schmooze like real financiers. Young Money is the inside story of this well-guarded world. Kevin Roose, New York magazine business writer and author of the critically acclaimed The Unlikely Disciple, spent more than three years shadowing eight entry-level workers at Goldman Sachs, Bank of America Merrill Lynch, and other leading investment firms. Roose chronicled their triumphs and disappointments, their million-dollar trades and runaway Excel spreadsheets, and got an unprecedented (and unauthorized) glimpse of the financial world's initiation process. Roose's young bankers are exposed to the exhausting workloads, huge bonuses, and recreational drugs that have always characterized Wall Street life. But they experience something new, too: an industry forever changed by the massive financial collapse of 2008. And as they get their Wall Street educations, they face hard questions about morality, prestige, and the value of their work. Young Money is more than an expose of excess; it's the story of how the financial crisis changed a generation-and remade Wall Street from the bottom up.
Download or read book Something Great and Beautiful written by Enrico Pellegrini and published by Other Press, LLC. This book was released on 2018-09-18 with total page 321 pages. Available in PDF, EPUB and Kindle. Book excerpt: Sympathetic, good-for-nothing Rosso Fiorentino leaves the beautiful Italian Riviera to follow the woman he loves to America, and soon finds himself the hero of a darkly funny tale when his improbable business plan becomes the rage on Wall Street. Rosso Fiorentino, a charming loser who dreams of becoming a writer, falls in love with Chloé, a brilliant young woman with a troubled past. They meet in India, where famous Italian novelist the Maestro has decided to spend his last days. They cross paths again in Portofino, and Rosso, following the Maestro's injunction to finally do something worthwhile with his life, enlists the help of his friends, a baker and a street peddler, to follow Chloé to America and sell focaccia on the streets of New York. While Rosso struggles to make a living with odd jobs, Chloé, now armed with a law degree from Chicago, gets hired by a top Wall Street firm. Rosso is eventually able to achieve his dream, opening a little bakery in Queens, followed by a second on Broadway. The business is an instant success. The banks start throwing money at him, and overnight the company undergoes the largest IPO in U.S. history. At least until the bubble bursts and all plays out in a New York courtroom. This modern fairy tale about ambition, hubris, love, and redemption exposes the absurdity of the 2008 global meltdown, and foreshadows the future, all with scintillating wit.
Download or read book The great forgetting written by Jack Lawrence Luzkow and published by Manchester University Press. This book was released on 2015-06-01 with total page 358 pages. Available in PDF, EPUB and Kindle. Book excerpt: Today the US and the UK are at a crossroads. Millions are out of work, millions (in the US) are still deprived of health care, millions have lost their homes, and we are collectively more unequal than we have been since the 1920s. Both countries will experience massive social upheavals if they don’t reduce social inequality, invest massively in education and infrastructure, commit themselves to securing jobs for all who want them, change tax structures that coddle the 1 percent, rein in the anarchy of big banks by reregulating (or nationalising) them, and liberate the captive state from the financial institutions of Wall Street and the City of London. Social inequality is neither inevitable, nor the result of globalisation. It is the outcome of social and economic policies embraced by the 1 percent. This can be reversed by more social democracy, not less, by recovering the state for the 99 percent.
Download or read book One Up On Wall Street written by Peter Lynch and published by Simon and Schuster. This book was released on 2000-04-03 with total page 308 pages. Available in PDF, EPUB and Kindle. Book excerpt: THE NATIONAL BESTSELLING BOOK THAT EVERY INVESTOR SHOULD OWN Peter Lynch is America's number-one money manager. His mantra: Average investors can become experts in their own field and can pick winning stocks as effectively as Wall Street professionals by doing just a little research. Now, in a new introduction written specifically for this edition of One Up on Wall Street, Lynch gives his take on the incredible rise of Internet stocks, as well as a list of twenty winning companies of high-tech '90s. That many of these winners are low-tech supports his thesis that amateur investors can continue to reap exceptional rewards from mundane, easy-to-understand companies they encounter in their daily lives. Investment opportunities abound for the layperson, Lynch says. By simply observing business developments and taking notice of your immediate world -- from the mall to the workplace -- you can discover potentially successful companies before professional analysts do. This jump on the experts is what produces "tenbaggers," the stocks that appreciate tenfold or more and turn an average stock portfolio into a star performer. The former star manager of Fidelity's multibillion-dollar Magellan Fund, Lynch reveals how he achieved his spectacular record. Writing with John Rothchild, Lynch offers easy-to-follow directions for sorting out the long shots from the no shots by reviewing a company's financial statements and by identifying which numbers really count. He explains how to stalk tenbaggers and lays out the guidelines for investing in cyclical, turnaround, and fast-growing companies. Lynch promises that if you ignore the ups and downs of the market and the endless speculation about interest rates, in the long term (anywhere from five to fifteen years) your portfolio will reward you. This advice has proved to be timeless and has made One Up on Wall Street a number-one bestseller. And now this classic is as valuable in the new millennium as ever.
Download or read book A Random Walk Down Wall Street The Time Tested Strategy for Successful Investing Tenth Edition written by Burton G. Malkiel and published by W. W. Norton & Company. This book was released on 2012-01-02 with total page 493 pages. Available in PDF, EPUB and Kindle. Book excerpt: Presents an informative guide to financial investment, explaining how to maximize gains and minimize losses and examining a broad spectrum of financial opportunities, from mutual funds to real estate to gold.
Download or read book The Voice of the Street written by Ernest Poole and published by . This book was released on 1906 with total page 330 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book A Capitalist s Lament written by Leland Faust and published by Skyhorse. This book was released on 2016-10-11 with total page 260 pages. Available in PDF, EPUB and Kindle. Book excerpt: Leland Faust unmasks Wall Street’s unsavory tactics in powerful detail by giving readers a high-level view of how the financial services industry misleads them, overcharges them, and exposes them to needless risk. He documents the financial industry’s alluring come-ons, airbrushed risks, high-stakes gambling, half-truths, misleading statements, outlandish predictions, tricks to overcharge customers, bad deals, and outright fraud by the most prominent and renowned of Wall Street’s players. A Capitalist’s Lament is about what happens when financial firms and their employees forget whose interest they are supposed to protect. It shows how making foolish or wrong predictions is of no consequence to those who make them and how Wall Street luminaries with poor track records still garner celebrity status. Most of all, it spotlights how Wall Street manipulates the system and furthers its own interests at its customers’ expense and puts us all at great risk. Here is what you need to know to protect yourself from “business as usual” and get ahead—instead of getting taken.
