As a young derivatives salesman at Morgan Stanley, Frank Partnoy learned to buy and sell billions of dollars worth of securities that were so complex many traders themselves didn't understand them. In his behind-the-scenes look at the trading floor and the offices of one of the world's top investment firms, Partnoy recounts the macho attitudes and fiercely competitive ploys of his office mates. And he takes us to the annual drunken skeet-shooting competition, FIASCO, where he and his colleagues sharpen the killer instincts they are encouraged to use against their competitiors, their clients, and each other.FIASCO is the first book to take on the derivatves trading industry, the most highly charged and risky sector of the stock market. More importantly, it is a blistering indictment of the largely unregulated market in derivatives and serves as a warning to unwary investors about real fiascos, which have cost billions of dollars.

    Speaker of the House, senator, secretary of state, five-time presidential candidate, and idol to the young Abraham Lincoln, Henry Clay is captured in full at last in this rich and sweeping biography that vividly portrays all the drama of his times.David S. Heidler and Jeanne T. Heidler present Clay in his early years as a precocious, witty, and optimistic Virginia boy, raised on a farm, who at the age of twenty transformed himself from bumpkin to attorney—a shrewd and sincere defender of the ordinary man who would be his eventual political base. The authors reveal Clay’s tumultuous career in Washington, one that transformed the capital and the country. Nicknamed “the Western Star,” Clay became the youngest Speaker of the House shortly before the War of 1812 and transformed that position into one of unprecedented power. Then, as a senator, he joined and sometimes fought John Calhoun and Daniel Webster to push through crucial legislation affecting everything from slavery to banking. Commonly regarded as the greatest U.S. senator in history, Clay served under ten presidents and overshadowed most of them, with the notable exception of his archrival Andrew Jackson. Clay ran unsuccessfully for president five times, and his participation in the deadlocked election of 1824 brought about the “Corrupt Bargain” with John Quincy Adams that made Clay secretary of state—and haunted him for the rest of his career. As no other book, Henry Clay humanizes Clay’s marriage to plain, wealthy Lucretia Hart, a union rumored to be mercenary on his part but that lasted fifty-three years and produced eleven children.Featuring an inimitable supporting cast including Aaron Burr, Thomas Jefferson, James Madison, James Monroe, James Polk, and Abraham Lincoln, Henry Clay is beautifully written and replete with fresh anecdotes and insights. But it is Henry Clay who often rises above them all. Horse trader and risk taker, arm twister and joke teller, Clay was the consummate politician who gave ground, made deals, and changed the lives of millions. His life is an astounding tale—and here superbly told.

    Promising to double investors’ money in three months, the dapper, charming Ponzi raised the “rob Peter to pay Paul” scam to an art form. At the peak of his success, Ponzi was raking in more than $2 million a week at his office in downtown Boston. Then his house of cards came crashing down–thanks in large part to the relentless investigative reporting of Richard Grozier’s Boston Post. A classic American tale of immigrant life and the dream of success, Ponzi’s Scheme is the amazing story of the magnetic scoundrel who launched the most successful scheme of financial alchemy in modern history.

    Lee, the brilliant soldier bound by marriage to George Washington's family but turned by war against Washington's crowning achievement, the Union.On the eve of the Civil War, one soldier embodied the legacy of George Washington and the hopes of leaders across a divided land. Both North and South knew Robert E. Lee as the son of Washington's most famous eulogist and the son-in-law of Washington's adopted child. Each side sought his service for high command. Lee could choose only one.In The Man Who Would Not Be Washington, former White House speechwriter Jonathan Horn reveals how the officer most associated with Washington went to war against the union that Washington had forged. This extensively researched and gracefully written biography follows Lee through married life, military glory, and misfortune. The story that emerges is more complicated, more tragic, and more illuminating than the familiar tale. More complicated because the unresolved question of slavery--the driver of disunion--was among the personal legacies that Lee inherited from Washington. More tragic because the Civil War destroyed the people and places connecting Lee to Washington in agonizing and astonishing ways. More illuminating because the battle for Washington's legacy shaped the nation that America is today. As Washington was the man who would not be king, Lee was the man who would not be Washington. The choice was Lee's. The story is America's.A must-read for those passionate about history, The Man Who Would Not Be Washington introduces Jonathan Horn as a masterly voice in the field.

    Growth investing is a fundamentally different style that seeks to identify tomorrow's great business successes. Learn the ins and outs, and the pros and cons, of these basic investment styles.

       Self-made billionaire Sam Zell consistently sees what others don’t. From finding a market for overpriced Playboy magazines among his junior high classmates, to buying real estate on the cheap after a market crash, to investing in often unglamorous industries with long-term value, Zell acts boldly on supply and demand trends to grab the first-mover advantage. And he can find opportunity virtually anywhere—from an arcane piece of legislation to a desert meeting in Abu Dhabi. “If everyone is going left, look right,” Zell often says. To him, conventional wisdom is nothing but a reference point. Year after year, deal after deal, he shuts out the noise of the crowd, gathers as much information as possible, then trusts his own instincts. He credits much of his independent thinking to his parents, who were Jewish refugees from World War II. Talk to any two people and you might get wild swings in their descriptions of Zell. A media firestorm ensued when the Tribune Company went into bankruptcy a year after he agreed to steward the enterprise. At the same time, his razor-sharp instincts are legendary on Wall Street, and he has sponsored over a dozen IPOs.  He’s known as the Grave Dancer for his strategy of targeting troubled assets, yet he’s created thousands of jobs. Within his own organization, he has an inordinate number of employees at every level who are fiercely loyal and have worked for him for decades. Zell’s got a big personality; he is often contrarian, blunt, and irreverent, and always curious and hardworking. This is the guy who started wearing jeans to work in the 1960s, when offices were a sea of gray suits. He’s the guy who told The Wall Street Journal in 1985, “If it ain’t fun, we don’t do it.” He rides motorcycles with his friends, the Zell’s Angels, around the world and he keeps ducks on the deck outside his office. As he writes: “I simply don’t buy into many of the made-up rules of social convention. The bottom line is: If you’re really good at what you do, you have the freedom to be who you really are.” Am I Being Too Subtle?—a reference to Zell’s favorite way to underscore a point—takes readers on a ride across his business terrain, sharing with honesty and humor stories of the times he got it right, when he didn’t, and most important, what he learned in the process.  This is an indispensable guide for the next generation of disrupters, entrepreneurs, and investors.

    His ideas inspired Franklin D. Roosevelt to launch the New Deal and instructed Western nations on how to ward off revolutionary unrest, economic instability, high unemployment, and social dissolution. Keynes was nothing less than the Adam Smith of his time: his The General Theory of Employment, Interest and Moneybecame as important in the twentieth century as Smith's The Wealth of Nations was in the eighteenth. Now, in the long wake of the 2008 global economic collapse, Keynesian economics is once again shaping our world. In Universal Man, acclaimed historian Richard Davenport-Hines offers the first biography of Keynes that reveals the man in full. Like many Englishmen of his class and era, Keynes compartmentalized his life. Accordingly, Davenport-Hines treats Keynes in turn as a youthful prodigy, a powerful government official, an influential public man, a bisexual living in the shadow of Oscar Wilde's persecution, a devotee of the arts, and an international statesman of worldwide renown. Delving into Keynes's experiences and thought, Davenport-Hines shows us a man who was equally at ease socializing with the Bloomsbury Group as he was persuading heads of state to adopt his policies. Through Davenport-Hines' nuanced portrait, we come to understand not just the most enduringly influential economist of the modern era, but one of the most gifted and vital men of our times: a disciplined logician with a capacity for glee who persuaded people, seduced them, subverted old ideas, and installed new ones. Engaging, learned, and sparkling with wit and insight, Universal Man is the perfect match for its brilliant subject.

    In Maestro, Bob Woodward uses his proven interviewing and research techniques to take you inside the Fed and Greenspan's thinking. Woodward presents the Greenspan years as a gripping narrative, a remarkable portrait of a man who has become the symbol of American economic preeminence.

    Many have speculated about what might have happened or what must have happened, but no reporter has been able to get the full story -- until now.In The Wizard of Lies, Diana B. Henriques of The New York Times -- who has led the paper’s coverage of the Madoff scandal since the day the story broke -- has written the definitive book on the man and his scheme, drawing on unprecedented access and more than one hundred interviews with people at all levels and on all sides of the crime, including Madoff’s first interviews for publication since his arrest. Henriques also provides vivid details from the various lawsuits, government investigations, and court filings that will explode the myths that have come to surround the story.A true-life financial thriller, The Wizard of Lies contrasts Madoff's remarkable rise on Wall Street, where he became one of the country’s most trusted and respected traders, with dramatic scenes from his accelerating slide toward self-destruction. It is also the most complete account of the heartbreaking personal disasters and landmark legal battles triggered by Madoff’s downfall -- the suicides, business failures, fractured families, shuttered charities -- and the clear lessons this timeless scandal offers to Washington, Wall Street, and Main Street.

    

    An enduring masterpiece of investigative journalism by Bryan Burrough and John Helyar, it includes a new afterword by the authors that brings this remarkable story of greed and double-dealings up to date twenty years after the famed deal. The Los Angeles Times calls Barbarians at the Gate, “Superlative.” The Chicago Tribune raves, “It’s hard to imagine a better story...and it’s hard to imagine a better account.” And in an era of spectacular business crashes and federal bailouts, it still stands as a valuable cautionary tale that must be heeded.

    Unger's book exceptionally well done. It's an admirable account of the marquis's two revolutions-one might even say his two lives-the French and the American. It also captures the private Lafayette and his remarkable wife, Adrienne, in often moving detail." -Thomas Fleming, author, Liberty!: The American Revolution"Harlow Unger's Lafayette is a remarkable and dramatic account of a life as fully lived as it is possible to imagine, that of Gilbert de Motier, marquis de Lafayette. To American readers Unger's biography will provide a stark reminder of just how near run a thing was our War of Independence and the degree to which our forefathers' victory hinged on the help of our French allies, marshalled for George Washington by his 'adopted' son, Lafayette. But even more absorbing and much less well known to the general reader will be Unger's account of Lafayette's idealistic but naive efforts to plant the fruits of the American democracy he so admired in the unreceptive soil of his homeland. His inspired oratory produced not the constitutional democracy he sought but the bloody Jacobin excesses of the French Revolution."-Larry Collins, coauthor, Is Paris Burning? and O Jerusalem!"A lively and entertaining portrait of one of the most important supporting actors in the two revolutions that transformed the modern world."-Susan Dunn, author, Sister Revolutions: French Lightning, American Light"Harlow Unger has cornered the market on muses to emerge as America's most readable historian. His new biography of the marquis de Lafayette combines a thoroughgoing account of the age of revolution, a probing psychological study of a complex man, and a literary style that goes down like cream. A worthy successor to his splendid biography of Noah Webster."-Florence King, Contributing Editor, National Review"Enlightening! The picture of Lafayette's life is a window to eighteenth- and nineteenth-century history."-Michel Aubert La Fayette

    government's credit? I mean, if the U.S. defaults, "what bank" is going to be able to make good on that contract? Who are you going to buy that contract from, the Martians? n+1: When does this begin to feel like less of a cyclical thing, like the weather, and more of a permanent, end-of-the-world kind of thing? HFM: When you see me selling apples out on the street, that's when you should go stock up on guns and ammunition.

    Generations of readers have found that it has more to teach them about markets and people than years of experience. This is a timeless tale that will enrich your life--and your portfolio.

    Koch is everywhere: from the fertilizers that make our food to the chemicals that make our pipes to the synthetics that make our carpets and diapers to the Wall Street trading in all these commodities. But few people know much about Koch Industries and that’s because the billionaire Koch brothers have wanted it that way. For five decades, CEO Charles Koch has kept Koch Industries quietly operating in deepest secrecy, with a view toward very, very long-term profits. He’s a genius businessman: patient with earnings, able to learn from his mistakes, determined that his employees develop a reverence for free-market ruthlessness, and a master disrupter. These strategies made him and his brother David together richer than Bill Gates. But there’s another side to this story. If you want to understand how we killed the unions in this country, how we widened the income divide, stalled progress on climate change, and how our corporations bought the influence industry, all you have to do is read this book.