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International Finance and Open Economy Macroeconomics by Francisco L. Rivera-Batiz
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The New Tycoons: Inside the Trillion Dollar Private Equity Industry That Owns Everything
Jason Kelly - 2012
Crew, Toys "R" Us, and Burger King have in common? They are all currently or just recently were owned, operated, and controlled by private equity firms. "The New Tycoons: Inside the Trillion Dollar Private Equity Industry That Owns Everything" takes the reader behind the scenes of these firms: their famous billionaire founders, the overlapping stories of their creation and evolution, and the outsized ambitions that led a group of clever bankers from small shops operating in a corner of Wall Street into powerhouse titans of capital. This is the story of the money and the men who handle it.Go inside the private worlds of founders Henry Kravis, Steve Schwarzman, David Bonderman, and more in "The New Tycoons, "and discover how these men have transformed the industry and built the some of the most powerful and most secretive houses of money in the world.With numerous private equity firms going public for the first time, learn how these firms operate, where their money comes from and where it goes, and how every day millions of customers, employees, and retirees play a role in that complex tangle of moneyAuthor Jason Kelly tells the story of how thirty some years ago a group of colleagues with $120,000 of their own savings founded what would become one of the largest private equity shops in the world, completing the biggest buyout the world has ever seen, and making them all billionaires in the processPresents a never-before-seen look inside a secretive and powerful world on the verge of complete transformation as the industry and its leaders gain public profiles, scrutiny, and political positionsAnalyzing the founders and the firms at a crucial moment, when they've elevated themselves beyond their already lofty ambitions into the world of public opinion and valuation, "New Tycoons" looks at one of the most important, yet least examined, trillion-dollar corners of the global economy and what it portends for these new tycoons.
Inefficient Markets: An Introduction to Behavioral Finance
Andrei Shleifer - 2000
It states that securities prices in financial markets must equal fundamental values, either because all investors are rational or because arbitrage eliminates pricing anomalies. This bookdescribes an alternative approach to the study of financial markets: behavioral finance. This approach starts with an observation that the assumptions of investor rationality and perfect arbitrage are overwhelmingly contradicted by both psychological and institutional evidence. In actualfinancial markets, less than fully rational investors trade against arbitrageurs whose resources are limited by risk aversion, short horizons, and agency problems. The book presents models of such markets. These models explain the available financial data more accurately than the efficient marketshypothesis, and generate new predictions about security prices. By summarizing and expanding the research in behavioral finance, the book builds a new theoretical and empirical foundation for the economic analysis of real-world markets.
Office Politics: How to Thrive in a World of Lying, Backstabbing and Dirty Tricks
Oliver James - 2013
Do talent and hard work count for nothing? Is politics everything?In this fascinating exposé, Oliver James reveals the murky underside of modern office life. With cutting-edge research and eye-opening interviews, he highlights the nasty practices that propel people to the top and shows how industries and cultures are fostering this behaviour.He then divulges strategies and techniques for not only surviving but thriving in these difficult environments. With the right mindset, you can distinguish and deal with toxic and overpromoted colleagues, charm your way through interviews and use office politics to your advantage.Office Politics will overthrow your perceptions of office life and set you on a new path to success.
Indian Share Market For Beginners
Vipin Kats - 2013
The book explains in easy manner the various investing avenues that you have, the advantages and disadvantages of each. It gives the overall picture of the Indian market.Here are some of the topics that are covered in the book:• Finding and choosing a broker - Online vs traditional broker• How to invest, how much to invest and investment goals• The difference between mutual funds, index funds, and ETFs• How to make your first tradeQuick and easy to read, this will help you start trading and gives you that basic knowlegde that is required before you select a stock to trade
The Great Economists
Phil Thornton - 2014
It captures their key beliefs, explores their backgrounds, assesses their thinking and evaluates their legacy. It explains the schools of thought named after them and clearly shows how they influence our everyday lives.
Carnegie
Peter Krass - 2002
He used his wealth to ascend the world's political stage, influencing the presidencies of Grover Cleveland, William McKinley, and Theodore Roosevelt. In retirement, Carnegie became an avid promoter of world peace, only to be crushed emotionally by World War I.In this compelling biography, Peter Krass reconstructs the complicated life of this titan who came to power in America's Gilded Age. He transports the reader to Carnegie's Pittsburgh, where hundreds of smoking furnaces belched smoke into the sky and the air was filled with acrid fumes . . . and mill workers worked seven-day weeks while Carnegie spent months traveling across Europe.Carnegie explores the contradictions in the life of the man who rose from lowly bobbin boy to build the largest and most profitable steel company in the world. Krass examines how Carnegie became one of the greatest philanthropists ever known-and earned a notorious reputation that history has yet to fully reconcile with his remarkable accomplishments.
Empire of Debt: The Rise of an Epic Financial Crisis
William Bonner - 2005
In Empire of Debt, maverick financial writers Bill Bonner and Addison Wiggin provide you with the first in-depth look at how the American character has shifted to accommodate its new imperial role; how we have abandoned the private virtues of personal liberty, economic freedom, and fiscal restraint; and how the government has gained control of public life and the economy.
Goldman Sachs: The Culture Of Success
Lisa Endlich - 1999
The firm’s spectacular ascent is traced in the context of its tenacious grip on its core values. Endlich shows how close client contact, teamwork, focus on long-term profitability rather than short-term opportunism, and the ability to recruit consistently some of the most talented people on Wall Street helped the firm generate a phenomenal $3 billion in pretax profits in 1997. And she describes in detail the monumental events of 1998 that shook Goldman Sachs and the financial world. This is a rare and revealing look inside a great institution—the last private partnership on Wall Street—and inside the financial world at its highest levels.
Freaks of Fortune: The Emerging World of Capitalism and Risk in America
Jonathan I. Levy - 2012
"Freaks of Fortune" tells the story of how the modern concept of risk emerged in the United States. Born on the high seas, risk migrated inland and became essential to the financial management of an inherently uncertain capitalist future.Focusing on the hopes and anxieties of ordinary people, Jonathan Levy shows how risk developed through the extraordinary growth of new financial institutions insurance corporations, savings banks, mortgage-backed securities markets, commodities futures markets, and securities markets while posing inescapable moral questions. For at the heart of risk s rise was a new vision of freedom. To be a free individual, whether an emancipated slave, a plains farmer, or a Wall Street financier, was to take, assume, and manage one s own personal risk. Yet this often meant offloading that same risk onto a series of new financial institutions, which together have only recently acquired the name financial services industry. Levy traces the fate of a new vision of personal freedom, as it unfolded in the new economic reality created by the American financial system.Amid the nineteenth-century s waning faith in God s providence, Americans increasingly confronted unanticipated challenges to their independence and security in the boom and bust chance-world of capitalism. "Freaks of Fortune" is one of the first books to excavate the historical origins of our own financialized times and risk-defined lives.
Mr. Market Miscalculates: The Bubble Years and Beyond
James Grant - 2008
The how we got here is brilliantly described in a collection of pieces from Grant's Interest Rate Observer, the Wall Street insider's Bible. The where we are going is treated in Jim Grant's up-to-the-minute introduction. No fan of Greenspan or Bernanke, Grant tells the unvarnished truth about America.
The Predators' Ball: The Inside Story of Drexel Burnham and the Rise of the Junk Bond Raiders
Connie Bruck - 1988
He invented such things as "the highly confident letter" (I'm highly confident that I can raise the money you need to buy company X) and "the blind pool" (Here's a billion dollars: let us help you buy a company), and he financed the biggest corporate raiders--men like Carl Icahn and Ronald Perelman.And then, on September 7, 1988, things changed. The Securities and Exchange Commission charged Milken and Drexel Burnham Lambert with insider trading and stock fraud. Waiting in the wings was the US District Attorney, who wanted to file criminal and racketeering charges. What motivated Milken in his drive for power and money? Did Drexel Burnham Lambert condone the breaking of laws? The Predators' Ball dramatically captures American business history in the making, uncovering the philosophy of greed that has dominated Wall Street in the 1980s.
Easy Peasy
Lesley Glaister - 1997
Then she is told that her father has hanged himself. His death brings back intense memories of her childhood and all that remains unspoken in her family. Zelda hides much from her mother, even the lover she would give anything to keep. With questions she can no longer ignore, Zelda for the first time begins to search for her father's truth and pieces together clues to his suffering. And by confronting her dark and disturbing memories, she opens up to intimacy with her family, with her lover, with herself.
The Founders and Finance: How Hamilton, Gallatin, and Other Immigrants Forged a New Economy
Thomas K. McCraw - 2012
At the war s end, the national government owed tremendous sums to foreign creditors and its own citizens. But lacking the power to tax, it had no means to repay them. "The Founders and Finance" is the first book to tell the story of how foreign-born financial specialists immigrants solved the fiscal crisis and set the United States on a path to long-term economic success.Pulitzer Prize winning author Thomas K. McCraw analyzes the skills and worldliness of Alexander Hamilton (from the Danish Virgin Islands), Albert Gallatin (from the Republic of Geneva), and other immigrant founders who guided the nation to prosperity. Their expertise with liquid capital far exceeded that of native-born plantation owners Washington, Jefferson, and Madison, who well understood the management of land and slaves but had only a vague knowledge of financial instruments currencies, stocks, and bonds. The very rootlessness of America s immigrant leaders gave them a better understanding of money, credit, and banks, and the way each could be made to serve the public good.The remarkable financial innovations designed by Hamilton, Gallatin, and other immigrants enabled the United States to control its debts, to pay for the Louisiana Purchase of 1803, and barely to fight the War of 1812, which preserved the nation s hard-won independence from Britain."
University of Berkshire Hathaway: 30 Years of Lessons Learned from Warren Buffett & Charlie Munger at the Annual Shareholders Meeting
Daniel Pecaut - 2017
From this front row seat, you'll see one of the greatest wealth-building records in history unfold, year by year.If you're looking for dusty old investment theory, there are hundreds of other books waiting to cure you of insomnia. However, if you're looking for an investing book that's as personal as it is revelatory, look no further.Packed with Buffett and Munger's timeless, generous, and often hilarious wisdom, University of Berkshire Hathaway will keep serious investors turning pages late into the night:• Get unique insight into the thinking, strategies, and decisions--both good and bad--that made Buffett and Munger two of the world's greatest investors. • Understand the critical reasoning that leads Buffett and Munger to purchase a particular company, including their methods for assigning value.• Learn the central tenets of Buffett's value-investing philosophy "straight from the horse's mouth."• Enjoy Munger's biting wit as he goes after any topic that offends him.• Discover Buffett's distaste for "commonly accepted strategies" like modern portfolio theory.• See why these annual meetings are often called "an MBA in a weekend."
Viva the Entrepreneur: Founding, Scaling, and Raising Venture Capital in Latin America
Brian Requarth
He shows how to manage your own psychology and your operations, be it working with co-founders, building a culture, or managing a board of directors. Brian also reveals the secrets of scaling a business and best practices for raising venture capital in Latin America. You will develop an understanding of the most critical parts of an investor term sheet, and gain perspective into the inner workings of the venture capital game.