Download or read book Mobs Messiahs and Markets written by William Bonner and published by John Wiley & Sons. This book was released on 2010-12-28 with total page 424 pages. Available in PDF, EPUB and Kindle. Book excerpt: An insightful look at how to succeed by going against the crowd Collectively, people think and act in ways that are different from how they think and act as individuals. Understanding these differences, says William (Bill) Bonner-a longtime maverick observer of the financial world and the vagaries of the investing public-is vital to preserving your wealth and personal dignity. From the witch-hunts of the early modern world to the war on terror, from dot-com mania to the real estate bubble, people have always been caught up in frauds, conceits, and wild guesses-often with devastating results. In Mobs, Messiahs, and Markets, Bonner and coauthor Lila Rajiva show groupthink at work in an improbable array of instances throughout history and reveal why swimming against the current pays. Shares the deeper secrets of investing and pushes you to question what this means for your financial well-being Explains why people so often abandon good sense and good behavior to "follow the crowd" Offers concrete advice on how you can avoid the "public spectacle" of modern finance The authors' cautionary tale of bubble economies reveals how the gush of credit let loose by Alan Greenspan has wreaked havoc on our lives-but their thoughtful and always entertaining approach also offers some sound investing principles for avoiding the pitfalls of the public spectacle, thinking for yourself, and protecting your money, your sanity, and your soul.
Download or read book Family Fortunes written by Bill Bonner and published by John Wiley & Sons. This book was released on 2012-07-31 with total page 359 pages. Available in PDF, EPUB and Kindle. Book excerpt: Selected as one of Motley Fool’s “5 Great Books You Should Read” Advice on managing your wealth from bestselling author Bill Bonner From trusted New York Times bestselling author Bill Bonner comes a radical new way to look at family money and a practical, actionable guide to getting and maintaining multigenerational wealth. Family Fortunes: How to Build Family Wealth and Hold on to It for 100 Years is packed with useful information, interwoven with Bonner's stories about his own family's wealth philosophy and practices. A comprehensive guide that shows how families can successfully preserve their estates by ignoring most of what people think they know about "the rich" and, instead, training and motivating all family members to work together toward a very uncommon goal. This book is a must-read for all individual investors—even those who do not plan to leave money to their children—because it challenges many of the most ubiquitous principles and rules of investing. You might expect a book on family wealth to be extremely conservative in its outlook. Instead, the Bonners announce what is practically a revolutionary manifesto. They explain: Why family money should NOT be invested in "safe, conservative" investments Why charitable giving is usually a waste of money, or worse Why it is NOT a good idea to let children go their own way Why you can't trust wealth "professionals" and why you should never entrust your money to money managers Why giving your children as much education as possible is NOT a good idea Why Warren Buffett and the rest of the rich people asking for higher tax rates are wrong to take "the pledge" Why Wall Street is a graveyard for capital, why most celebrity CEOs are a threat to the businesses they run, why modern capitalism is a failure, and more You will come away with a very different idea as to what family wealth is all about. It is not stodgy. Not boring. Not moss-backed and reactionary. On the contrary, it is the most dynamic, forward-looking capital in the world. The essential guide to passing wealth from one generation to the next, Family Fortunes is filled with concrete, practical advice you can put to use right away.
Download or read book Financial Reckoning Day written by Will Bonner and published by John Wiley & Sons. This book was released on 2004-02-01 with total page 306 pages. Available in PDF, EPUB and Kindle. Book excerpt: "History shows that people who save and invest grow and prosper,and the others deteriorate and collapse. As Financial Reckoning Day demonstrates, artificiallylow interest rates and rapid credit creation policies set by AlanGreenspan and the Federal Reserve caused the bubble in U.S. stocksof the late '90s. . . . Now, policies being pursued at the Fed aremaking the bubble worse. They are changing it from a stock marketbubble to a consumption and housing bubble. And when those bubbles burst, it's going to be worse than the stockmarket bubble . . . No one, of course, wants to hear it. They want the quick fix. Theywant to buy the stock and watch it go up twenty-five percentbecause that's what happened last year, and that's what they say onTV." —Jim Rogers, author of the bestseller AdventureCapitalist from the Foreword to Financial Reckoning Day Advanced praise from bestselling authors "An investment book that will not only enlarge your investmenthorizon, but also make you laugh and thoroughly entertain you for afew hours." —Dr. Marc Faber, author of the bestseller Tomorrow'sGold "Financial Reckoning Day is . . . in the category ofscintillating sex or good vision, something to be savored andenjoyed-before it is too late." —James Dale Davidson, author of the bestseller The GreatReckoning and The Sovereign Individual "A powerful and insightful vision . . . each paragraphstimulates a new rush of thoughts that fills in gaping holes in theinvestor's understanding of what has happened to their dreams . . .while prepping them to confront any new confusion that mayarrive." —Martin D. Weiss, author of the bestseller CrashProfits
Download or read book The Art of Learning written by Josh Waitzkin and published by Simon and Schuster. This book was released on 2008-05-27 with total page 291 pages. Available in PDF, EPUB and Kindle. Book excerpt: An eight-time national chess champion and world champion martial artist shares the lessons he has learned from two very different competitive arenas, identifying key principles about learning and performance that readers can apply to their life goals. Reprint. 35,000 first printing.
Download or read book Dice Have No Memory written by William Bonner and published by John Wiley & Sons. This book was released on 2011-03-10 with total page 269 pages. Available in PDF, EPUB and Kindle. Book excerpt: Right now, Congress, the Fed, and the Treasury are all gambling with your future and your money. And it's contagious. Economies around the globe are suffering from the biggest multitrillion-dollar bets ever wagered on big governments and miraculous financial interventions in pretend "free markets." One man saw it all coming and told his readers well in advance of today's crisis. Bill Bonner reports on the true health and well-being of the world's largest economy to over half a million readers each day in The Daily Reckoning. His newsletter is to the mainstream financial press what the Gnostic Gospels are to the King James Bible. Back in 2000, Bill Bonner sounded like a prophet crying in the wilderness. While everyone scrambled to purchase shares of the latest and hottest dot-com, Bill announced his Trade of the Decade: Sell dollars, buy gold. Back in 2000, you could get an ounce for around $264. Today, you could pay as much as $1,400 for that same ounce. Finally, some of Bonner's best pronouncements, predictions, and profitable analysis are collected in one place. Dice Have No Memory gather's Bonner's richest insights from August 1999 through November 2010 to form a chronological narrative of economics in America. Here's a fraction of what you'll find inside: *Gold says "I Told You So" *Three out of Four Economists Are Wrong *Imperial Overstretch Marks *Why Debt Does Matter *Economic Zombies Shuffle Towards Bankruptcy Bonner's Dice Have No Memory offers elegies for economists, tips for investors, tirades against wasteful warfare past and present, and practical guides to modern finance with graceful prose, well-earned intelligence, and riotous irreverence. Bill Bonner's common sense genius rips the window dressing off modern finance - a world normally populated by misguided do-gooders, corrupt politicians, and big bankers empowered by dubious "mathematical" truths. The investing game is rigged, just like Monte Carlo. Instead of giving you magic formulas, this archcontrarian teaches you how to think clearly. And Dice Have No Memory gives today's investor the next moves he should make...before it's too late.
Download or read book Demonic written by Ann Coulter and published by Crown Forum. This book was released on 2012-08-07 with total page 370 pages. Available in PDF, EPUB and Kindle. Book excerpt: The demon is a mob, and the mob is demonic. The Democratic Party activates mobs, depends on mobs, coddles mobs, publicizes and celebrates mobs—it is the mob. Sweeping in its scope and relentless in its argument, Demonic explains the peculiarities of liberals as standard groupthink behavior. To understand mobs is to understand liberals. In her most provocative book to date, Ann Coulter argues that liberals exhibit all the psychological characteristics of a mob, for instance: Liberal Groupthink: “The same mob mentality that leads otherwise law-abiding people to hurl rocks at cops also leads otherwise intelligent people to refuse to believe anything they haven’t heard on NPR.” Liberal Schemes: “No matter how mad the plan is—Fraternité, the ‘New Soviet Man,’ the Master Race, the Great Leap Forward, the Cultural Revolution, Building a New Society, ObamaCare—a mob will believe it.” Liberal Enemies: “Instead of ‘counterrevolutionaries,’ liberals’ opponents are called ‘haters,’ ‘those who seek to divide us,’ ‘tea baggers,’ and ‘right-wing hate groups.’ Meanwhile, conservatives call liberals ‘liberals’—and that makes them testy.” Liberal Justice: “In the world of the liberal, as in the world of Robespierre, there are no crimes, only criminals.” Liberal Violence: “If Charles Manson’s followers hadn’t killed Roman Polanski’s wife, Sharon Tate, Clinton would have pardoned him, too, and he’d probably be teaching at Northwestern University.” Citing the father of mob psychology, Gustave Le Bon, Coulter catalogs the Left’s mob behaviors: the creation of messiahs, the fear of scientific innovation, the mythmaking, the preference for images over words, the lack of morals, and the casual embrace of contradictory ideas. Coulter traces the history of the liberal mob to the French Revolution and Robespierre’s revolutionaries (delineating a clear distinction from America’s founding fathers), who simply proclaimed that they were exercising the “general will” before slaughtering their fellow citizens “for the good of mankind.” Similarly, as Coulter demonstrates, liberal mobs, from student radicals to white-trash racists to anti-war and pro-ObamaCare fanatics today, have consistently used violence to implement their idea of the “general will.” This is not the American tradition; it is the tradition of Stalin, of Hitler, of the guillotine—and the tradition of the American Left. As the heirs of the French Revolution, Democrats have a history that consists of pandering to mobs, time and again, while Republicans, heirs to the American Revolution, have regularly stood for peaceable order. Hoping to muddy this horrifying truth, liberals slanderously accuse conservatives of their own crimes—assassination plots, conspiracy theorizing, political violence, embrace of the Ku Klux Klan. Coulter shows that the truth is the opposite: Political violence—mob violence—is always a Democratic affair. Surveying two centuries of mob movements, Coulter demonstrates that the mob is always destructive. And yet, she argues, beginning with the civil rights movement in the sixties, Americans have lost their natural, inherited aversion to mobs. Indeed, most Americans have no idea what they are even dealing with. Only by recognizing the mobs and their demonic nature can America begin to defend itself.
Download or read book Financial Market Bubbles and Crashes written by Harold L. Vogel and published by Cambridge University Press. This book was released on 2009-12-14 with total page 471 pages. Available in PDF, EPUB and Kindle. Book excerpt: Despite the thousands of articles and the millions of times that the word 'bubble' has been used in the business press, there still does not appear to be a cohesive theory or persuasive empirical approach with which to study 'bubble' and 'crash' conditions. This book presents a plausible and accessible descriptive theory and empirical approach to the analysis of such financial market conditions. It advances such a framework through application of standard econometric methods to its central idea, which is that financial bubbles reflect urgent short side rationed demand. From this basic idea, an elasticity of variance concept is developed. It is further shown that a behavioral risk premium can probably be measured and related to the standard equity risk premium models in a way that is consistent with conventional theory.
Download or read book Inventing Money written by Nicholas Dunbar and published by John Wiley & Sons. This book was released on 2000 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: This text tells the story of the collapse of LTCM (Long-Term Capital Management). It addresses key questions of the role of science in finance, and where this development is likely to lead the world financial markets.
Download or read book On The Wrong Track written by Ivan Pavell and published by Author House. This book was released on 2013 with total page 487 pages. Available in PDF, EPUB and Kindle. Book excerpt: Various opinion polls, both in the USA and Great Britain have revealed that a large proportion of citizens believe that their countries are heading in the wrong direction. The book generally describes the trends in the governance of the West that have been gradually changing Individualistic free societies to Collectivist societies of subservient people. This progression has been carried out by the so called Political elite. In practical terms we can see that there has been a growth of governments and their bureaucracies, as well as an encroachment of government's influence on what used to be citizen's individual decision. This occurrence has driven the attempt to "manage" entire societies. Examples can be noted in relation to: management of the economy, social engineering, the use of media and education to impose collectivist ideologies, extensive surveillance of citizens, and the general aggrandizement of governments and their rulers. These have all lead to the transformation of free individuals into subjects of the State (that is ruling elite) Alongside this transformation, the governments in the West are currently living beyond their means and are accruing enormous debts. The book compares the present Statism of the West with the Soviet Socialism, and how they are gradually drawing closer.
Download or read book The Rise and Fall of Wessex Asset Management and the 2008 Crash written by Tim Weir and published by Cambridge Scholars Publishing. This book was released on 2016-06-22 with total page 255 pages. Available in PDF, EPUB and Kindle. Book excerpt: What caused the Global Financial Crisis of 2008? What lessons should be learnt from it? Could it happen again? Taking his own career in the City of London as a starting point, the author tackles these important questions. His position as a fund manager in a variety of financial institutions during the 1980s and 1990s, and then as a hedge fund manager from 1999 to 2011, gives him the ideal vantage point. He is an insider: he knows the trade, the pitfalls, the hubris and the mistakes. This highly readable book highlights the fundamental weaknesses of the financial system: the problems surrounding liquidity and risk, the vulnerability of the market to errors and overshoots, and the devastating effects of amplifying those errors with unsustainable amounts of debt. The book also examines issues such as women in hedge funds, pay in the finance sector, and the future of the Eurozone. The distinction between the banking system and the hedge fund industry is also brought into sharp focus. With an entertaining and lively style, the book leads the reader effortlessly through complex arguments and analysis, leading to a comprehensive overview of the financial crisis as well as a clear-eyed grasp of the finer details. Whatever your level of financial expertise, this is essential reading.
Download or read book Structural Changes and their Econometric Modeling written by Vladik Kreinovich and published by Springer. This book was released on 2018-11-24 with total page 784 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book focuses on structural changes and economic modeling. It presents papers describing how to model structural changes, as well as those introducing improvements to the existing before-structural-changes models, making it easier to later on combine these models with techniques describing structural changes. The book also includes related theoretical developments and practical applications of the resulting techniques to economic problems. Most traditional mathematical models of economic processes describe how the corresponding quantities change with time. However, in addition to such relatively smooth numerical changes, economical phenomena often undergo more drastic structural change. Describing such structural changes is not easy, but it is vital if we want to have a more adequate description of economic phenomena – and thus, more accurate and more reliable predictions and a better understanding on how best to influence the economic situation.
Download or read book Identifying Speculative Bubbles written by Bradley Jones and published by International Monetary Fund. This book was released on 2014-11-19 with total page 49 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the aftermath of the global financial crisis, the issue of how best to identify speculative asset bubbles (in real-time) remains in flux. This owes to the difficulty of disentangling irrational investor exuberance from the rational response to lower risk based on price behavior alone. In response, I introduce a two-pillar (price and quantity) approach for financial market surveillance. The intuition is straightforward: while asset pricing models comprise a valuable component of the surveillance toolkit, risk taking behavior, and financial vulnerabilities more generally, can also be reflected in subtler, non-price terms. The framework appears to capture stylized facts of asset booms and busts—some of the largest in history have been associated with below average risk premia (captured by the ‘pricing pillar’) and unusually elevated patterns of issuance, trading volumes, fund flows, and survey-based return projections (reflected in the ‘quantities pillar’). Based on a comparison to past boom-bust episodes, the approach is signaling mounting vulnerabilities in risky U.S. credit markets. Policy makers and regulators should be attune to any further deterioration in issuance quality, and where possible, take steps to ensure the post-crisis financial infrastructure is braced to accommodate a re-pricing in credit risk.
Download or read book The New Empire of Debt written by William Bonner and published by John Wiley & Sons. This book was released on 2009-07-30 with total page 371 pages. Available in PDF, EPUB and Kindle. Book excerpt: An updated look at the United States' precarious position given the recent financial turmoil In The New Empire of Debt, financial writers Bill Bonner and Addison Wiggin return to reveal how the financial crisis that has plagued the United States will soon bring an end to this once great empire. Throughout the book, the authors offer an updated look at the United States' precarious position given the recent financial turmoil, and discuss how government control of the economy and financial system-combined with unfettered deficit spending and gluttonous consumption-has ravaged the business environment, devastated consumer confidence, and pushed the global economy to the brink. Along the way, Bonner and Wiggin cast a wide angle lens that looks back in history and ahead to the coming century: showing how dramatic changes in the economic power of the United States will inevitably impact every American. Reveals the financial realities the United States currently faces and what the ultimate outcome may be Weaves together the worlds of politics, economics, and personal finance in a way that underscores the severity of the situation Addresses the events leading up to the implosion of the U.S. financial system Looks ahead to help you avoid the pitfalls presented by a weaker United States Other titles by Bonner: Empire of Debt, Financial Reckoning Day, and Mobs, Messiahs, and Markets Other titles by Wiggin: I.O.U.S.A., Demise of the Dollar, and Financial Reckoning Day The United States is heading down a difficult path. The New Empire of Debt clearly shows how this has happened and discusses what you can do to overcome the financial challenges that will arise as the situation deteriorates.
Download or read book The Soul of Battle written by Victor Davis Hanson and published by Simon and Schuster. This book was released on 1999 with total page 504 pages. Available in PDF, EPUB and Kindle. Book excerpt: From the author of the international bestseller "The Western Way of War" comes a fresh, exciting look at three armies whose intense spirit of mission, coupled with the genius of their leaders, led them to triumph. Maps.
Download or read book Win Win Or Lose written by WIlliam Bonner and published by . This book was released on 2019-06-26 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Fog of War written by James G. Blight and published by Rowman & Littlefield Publishers. This book was released on 2005-03-31 with total page 325 pages. Available in PDF, EPUB and Kindle. Book excerpt: Robert S. McNamara is one of modern America's most controversial figures. His opinions, policies, and actions have led to a firestorm of debate, ignited most recently by Errol Morris's Academy Award-winning film, The Fog of War. In the companion book, editors James G. Blight and janet M. Lang use lessons from McNamara's life to examine issues of war and peace in the 20th century. McNamara's career spans some of America's defining events—from the end of World War I, through the course of World War II, and the unfolding of the Cold War in Cuba, Vietnam, and around the world. The Fog of War brings together film transcripts, documents, dialogues, and essays to explore what the horrors and triumphs of the 20th century can teach us about the future.
Download or read book Un Civilizing America written by William Bonner and published by John Wiley & Sons. This book was released on 2023-05-09 with total page 422 pages. Available in PDF, EPUB and Kindle. Book excerpt: Discover what sets a fair and just economy apart from the rest In Un-Civilizing America – How Win-Win Deals Made Us Rich, bestselling author William Bonner delivers an incisive and engrossing account of the American economy, the four simple steps to earning money the honest way, and why many choose the dishonest way instead. He also discusses the shadow groups that influence America behind the scenes and how their power grew so large they lost the need to remain hidden, and what really drives the government’s phony wars—including the War on Drugs and the US-China trade war. In the book, you’ll learn why the best kinds of economies run on “win-win” deals and how companies and individuals use market-set prices to maximize their utility. You’ll also discover: Why the “Sermon on the Mount” was the best economic and social advice ever given How civilization developed and the one thing that sets it apart from barbarity How “win-lose” deals inevitably force one side or the other to accept the terms of the “agreement” Why allowing only one side to profit in an arrangement is a recipe for disaster in the long run Why capitalism favors “win-win” deals while socialism prefers the “win-lose” variety A can’t-miss resource for anyone interested in American or global economics and finance, Un-Civilizing America will also earn a place on the bookshelves of business leaders, entrepreneurs, policy and lawmakers, and regulators.
