Baruch's political policies are discussed briefly, and James Grant includes a detailed account of Baruch's trading and investment gains and losses. Baruch obtained his millions by risking his fortune again and again. In the history of our stock market and government, there are few who have obtained his mythical status as a successful investor of all times.

    Thorp invented card counting, proving the seemingly impossible: that you could beat the dealer at the blackjack table. As a result he launched a gambling renaissance. His remarkable success--and mathematically unassailable method--caused such an uproar that casinos altered the rules of the game to thwart him and the legions he inspired. They barred him from their premises, even put his life in jeopardy. Nonetheless, gambling was forever changed.Thereafter, Thorp shifted his sights to "the biggest casino in the world" Wall Street. Devising and then deploying mathematical formulas to beat the market, Thorp ushered in the era of quantitative finance we live in today. Along the way, the so-called godfather of the quants played bridge with Warren Buffett, crossed swords with a young Rudy Giuliani, detected the Bernie Madoff scheme, and, to beat the game of roulette, invented, with Claude Shannon, the world's first wearable computer.Here, for the first time, Thorp tells the story of what he did, how he did it, his passions and motivations, and the curiosity that has always driven him to disregard conventional wisdom and devise game-changing solutions to seemingly insoluble problems. An intellectual thrill ride, replete with practical wisdom that can guide us all in uncertain financial waters, A Man for All Markets is an instant classic--a book that challenges its readers to think logically about a seemingly irrational world.Praise for A Man for All Markets"In A Man for All Markets, [Thorp] delightfully recounts his progress (if that is the word) from college teacher to gambler to hedge-fund manager. Along the way we learn important lessons about the functioning of markets and the logic of investment."--The Wall Street Journal"[Thorp] gives a biological summation (think Richard Feynman's Surely You're Joking, Mr. Feynman!) of his quest to prove the aphorism 'the house always wins' is flawed. . . . Illuminating for the mathematically inclined, and cautionary for would-be gamblers and day traders"-- Library Journal

    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."

    Uber had catapulted to the top of the tech world, yet for many came to symbolize everything wrong with Silicon Valley.Award-winning New York Times technology correspondent Mike Isaac’s Super Pumped presents the dramatic rise and fall of Uber, set against an era of rapid upheaval in Silicon Valley. Backed by billions in venture capital dollars and led by a brash and ambitious founder, Uber promised to revolutionize the way we move people and goods through the world. A near instant “unicorn,” Uber seemed poised to take its place next to Amazon, Apple, and Google as a technology giant.What followed would become a corporate cautionary tale about the perils of startup culture and a vivid example of how blind worship of startup founders can go wildly wrong. Isaac recounts Uber’s pitched battles with taxi unions and drivers, the company’s toxic internal culture, and the bare-knuckle tactics it devised to overcome obstacles in its quest for dominance. With billions of dollars at stake, Isaac shows how venture capitalists asserted their power and seized control of the startup as it fought its way toward its fateful IPO.Based on hundreds of interviews with current and former Uber employees, along with previously unpublished documents, Super Pumped is a page-turning story of ambition and deception, obscene wealth, and bad behavior that explores how blistering technological and financial innovation culminated in one of the most catastrophic twelve-month periods in American corporate history.

    . . or a New Positive Force Helping to Drive the Economy . . .   The untold story of Steve Schwarzman and Blackstone, the financier and his financial powerhouse that avoided the self-destructive tendencies of Wall Street. David Carey and John Morris show how Blackstone (and other private equity firms) transformed themselves from gamblers, hostile-takeover artists, and ‘barbarians at the gate’ into disciplined, risk-conscious investors. The financial establishment—banks and investment bankers such as Citigroup, Bear Stearns, Lehman, UBS, Goldman Sachs, Merrill Lynch, Morgan Stanley—were the cowboys, recklessly assuming risks, leveraging up to astronomical levels and driving the economy to the brink of disaster. Blackstone is now ready to break out once again since it is sitting on billions of dollars that can be invested at a time when the market is starved for capital.  The story of a financial revolution—the greatest untold success story on Wall Street: Not only have Blackstone and a small coterie of competitors wrested control of corporations around the globe, but they have emerged as a major force on Wall Street, challenging the likes of Goldman Sachs and Morgan Stanley for dominance. Great human interest story: How Blackstone went from two guys and a secretary to being one of Wall Street’s most powerful institutions, far outgrowing its much older rival KKR; and how Steve Schwarzman, with a pay packet one year of $398 million and $684 million from the Blackstone IPO, came to epitomize the spectacular new financial fortunes amassed in the 2000s. Controversial: Analyzes the controversies surrounding Blackstone and whether it and other private equity firms suck the lifeblood out of companies to enrich themselves—or whether they are a force that helps make the companies they own stronger and thereby better competitors. The story by two insiders with access: Insightful and hard-hitting, filled with never-before-revealed details about the workings of a heretofore secretive company that was the personal fiefdom of Schwarzman and Peter Peterson. Forward-looking: How Blackstone and private equity will drive the economy and provide a model for how financing will work.

    Thiel's sexuality had been known to close friends and family, but he didn't consider himself a public figure, and believed the information was private. This post would be the casus belli for a meticulously plotted conspiracy that would end nearly a decade later with a $140 million dollar judgment against Gawker, its bankruptcy and with Nick Denton, Gawker's CEO and founder, out of a job. Only later would the world learn that Gawker's demise was not incidental--it had been masterminded by Thiel.For years, Thiel had searched endlessly for a solution to what he'd come to call the "Gawker Problem." When an unmarked envelope delivered an illegally recorded sex tape of Hogan with his best friend's wife, Gawker had seen the chance for millions of pageviews and to say the things that others were afraid to say. Thiel saw their publication of the tape as the opportunity he was looking for. He would come to pit Hogan against Gawker in a multi-year proxy war through the Florida legal system, while Gawker remained confidently convinced they would prevail as they had over so many other lawsuit--until it was too late. The verdict would stun the world and so would Peter's ultimate unmasking as the man who had set it all in motion. Why had he done this? How had no one discovered it? What would this mean--for the First Amendment? For privacy? For culture?In Holiday's masterful telling of this nearly unbelievable conspiracy, informed by interviews with all the key players, this case transcends the narrative of how one billionaire took down a media empire or the current state of the free press. It's a study in power, strategy, and one of the most wildly ambitious--and successful--secret plots in recent memory.Some will cheer Gawker's destruction and others will lament it, but after reading these pages--and seeing the access the author was given--no one will deny that there is something ruthless and brilliant about Peter Thiel's shocking attempt to shake up the world.

    Reporters ambush you, and across the country, strangers gossip about your personal loss.Welcome to the circus.No one understands better than Kim Goldman the complex emotions of individuals suffering a personal tragedy under the relentless gaze of the media. During the famed O.J. Simpson trial, Kim, whose brother, Ron Goldman, was brutally murdered, became the public poster child for victims suffering in the public eye.In Media Circus, Goldman, now a dedicated victims’ advocate who works with families across the country, presents the first collective look at these ordinary, grieving victims—forced to manage their very private trauma and despair in a very public way.Through candid interviews and detailed, original reporting, Media Circus delivers riveting, humanizing, and inspiring stories from the victims and survivors of violent crimes who found themselves the focus of national media attention. Its heartfelt narratives showcase the unique challenges of coping with and healing from grief when the whole world is watching.In these pages, the families of other victims tell their stories, including:Esaw And Emerald Garner, wife and daughter of police brutality victim Eric Garner (2014)Scarlett Lewis, mother of six-year-old Newtown tragedy victim Jesse Lewis (2012)Debra Tate, sister of Charles Manson murder victim Sharon Tate (1969)Judy Shepard, mother of gay hate-crime victim Matthew Shepard (1998)Mildred Muhammad, ex-wife of the DC Sniper (2002)Tere Duperrault Fassbender, survivor of family’s brutal murder at sea (1961)Collene Campbell, sister of murdered NASCAR driver Mickey Thompson (1988)Marie Monville, wife of the Amish Shooter (2006)Dave And Mary Neese, parents of teen murder victim Skylar Neese (2012)Scott And Kathleen Larimer, parents of Aurora theater shooting victim John Larimer, andShirley Wygal, mother of Aurora theater shooting victim Rebecca Wingo (2012)Media Circus goes beyond the names and faces to show the real victims behind the stories.

    . . the noblest and the most infamous in the world, the finest and most vulgar on earth.” The characterization of finance as deceitful, infamous, and vulgar still rings true today – particularly in the wake of the 2008 financial crisis. But, what happened to the fairest, noblest, and finest profession that de la Vega saw?  De la Vega hit on an essential truth that has been forgotten: finance can be just as principled, life-affirming, and worthy as it can be fraught with questionable practices.  Today, finance is shrouded in mystery for outsiders, while many insiders are uneasy with the disrepute of their profession.  How can finance become more accessible and also recover its nobility? Harvard Business School professor Mihir Desai, in his “last lecture” to the graduating Harvard MBA class of 2015, took up the cause of restoring humanity to finance. With incisive wit and irony, his lecture drew upon a rich knowledge of literature, film, history, and philosophy to explain the inner workings of finance in a manner that has never been seen before. This book captures Desai’s lucid exploration of the ideas of finance as seen through the unusual prism of the humanities. Through this novel, creative approach, Desai shows that outsiders can access the underlying ideas easily and insiders can reacquaint themselves with the core humanity of their profession. The mix of finance and the humanities creates unusual pairings: Jane Austen and Anthony Trollope are guides to risk management; Jeff Koons becomes an advocate of leverage; and Mel Brooks’s The Producers teaches us about fiduciary responsibility. In Desai’s vision, the principles of finance also provide answers to critical questions in our lives. Among many surprising parallels, bankruptcy teaches us how to react to failure, the lessons of mergers apply to marriages, and the Capital Asset Pricing Model demonstrates the true value of relationships. THE WISDOM OF FINANCE is a wholly unique book, offering a refreshing new perspective on one of the world’s most complex and misunderstood professions.

    With him when he was captured was his 14-year-old ex-girlfriend Caril Fugate. The question soon arose, was Caril a kidnapped victim, or a heartless accomplice?Appointed to her case, attorney John McArthur initially accepted the assignment out of a sense of constitutional duty. But as he delved deeper, he found that the truth was far more complicated than anyone was letting on. Up against incredible odds, and with a strong conviction of her innocence, McArthur remained with Caril and fought for her freedom for 18 years. For this service, he took no pay, accepting the case pro bono.This book follows the long struggle of McArthur, his partner Merril Reller, and John's son James as they took on the Nebraska legal system and a public that had already determined Caril's guilt before ever hearing a word of testimony. The story continues through all it influenced, such as Stephen King, who became a horror writer because of it, Bruce Springsteen, who wrote a whole album about it, Terrence Malick, Oliver Stone, Martin Sheen, and Peter Jackson, who wrote his first major movie based on the Starkweather-Fugate incident.Pro Bono explores aspects of this incredible story that have never been revealed before, and sheds new light on these terrifying and complex events.

    In fact, as Liaquat Ahamed reveals, it was the decisions taken by a small number of central bankers that were the primary cause of the economic meltdown, the effects of which set the stage for World War II and reverberated for decades. In Lords of Finance, we meet the neurotic and enigmatic Montagu Norman of the Bank of England, the xenophobic and suspicious Émile Moreau of the Banque de France, the arrogant yet brilliant Hjalmar Schacht of the Reichsbank, and Benjamin Strong of the Federal Reserve Bank of New York, whose façade of energy and drive masked a deeply wounded and overburdened man. After the First World War, these central bankers attempted to reconstruct the world of international finance. Despite their differences, they were united by a common fear—that the greatest threat to capitalism was inflation— and by a common vision that the solution was to turn back the clock and return the world to the gold standard. For a brief period in the mid-1920s they appeared to have succeeded. The world’s currencies were stabilized and capital began flowing freely across the globe. But beneath the veneer of boom-town prosperity, cracks started to appear in the financial system. The gold standard that all had believed would provide an umbrella of stability proved to be a straitjacket, and the world economy began that terrible downward spiral known as the Great Depression. As yet another period of economic turmoil makes headlines today, the Great Depression and the year 1929 remain the benchmark for true financial mayhem. Offering a new understanding of the global nature of financial crises, Lords of Finance is a potent reminder of the enormous impact that the decisions of central bankers can have, of their fallibility, and of the terrible human consequences that can result when they are wrong.

    Here is the dramatic story of Detective Richard Cain’s criminal career as revealed by his half-brother. Cain led a double life—one as a well known cop who led raids that landed on the front pages, and the other as a “made man” in one of Chicago’s most notorious mafia crime families. Michael Cain weaves together years of research, interviews, family anecdotes, and rare documents to create a comprehensive biography of this complex, articulate, and self-contradictory criminal genius. In a story that reads like the plot of Martin Scorsese’s The Departed, Cain played both ends against the middle to become a household name in Chicagoland and a notorious figure in both the Mob and the world of Chicago law enforcement. Eventually murdered in a café by two masked men wielding shotguns, he lived and died in a world of bloodshed and violence. Cain left behind a story so outlandish that he has even been accused of being involved in the assassination of President John F. Kennedy.  Filled with fascinating and until-now unknown facts, The Tangled Web tells the full story of this one-man crime wave.

    A few weeks later it had completely collapsed. The disaster was mostly the responsibility of a 32-year-old trader named Brian Hunter, whose high-risk bets on natural gas prices bankrupted his firm and destroyed his career. Meanwhile, his rival at competitor fund Centaurus, John Arnold, emerged as the highest-paid trader on Wall Street and America's youngest billionaire. Meticulously researched and character driven, Hedge Hogs is a riveting, fly-on-the-wall account of the largest hedge-fund collapse in history: a blistering tale of the recent past that explains our precarious present and may predict our future.Through emails, instant messages, court testimony, and exclusive interviews, Hedge Hogs charts the colliding paths of two charismatic traders who dominated the speculative energy trading market. It follows Hunter, the Canadian farm boy and elbows-out high school basketball star, as he achieved phenomenal early success, only to see his ambition, greed, and hubris precipitate his downfall. At the center of Hunter's misfortune is Arnold, whose mild manner, sophisticated tastes, and low profile belie his own ferocious competitive streak. As the two clash, billions of dollars -- much of it in the form of pension and endowment money -- vanished.Hedge Hogs takes you behind closed doors into the shadowy world of hedge funds, the wild, unregulated frontier of finance, complete with lavish perks and over-the-top parties, where a tiny elite controls trillions of dollars of other people's money. The book traces the rise of this freewheeling industry while detailing the decades of deregulation -- of banks, of investment funds and of commodity trading -- that turned Wall Street into a casino for speculators.A gripping saga peppered with tales of fast money, vivid characters, and high drama, Hedge Hogs is also a cautionary tale that describes a financial system jeopardized by reckless practices, watered-down regulation, and regulatory loopholes, just waiting for the next bust.

    The Butcher tells the riveting true story of a hit man who loved his work too much—a maniac believed responsible for more than sixty remarkably brutal murders—whom even organized crime’s most cold-blooded assassins feared. Another riveting journey into the darkest corners of the underworld, Carlo’s The Butcher is destined to be a true crime classic alongside Wiseguys by Nicholas Pileggi and Underboss by Peter Maas.

    No one would foresee that the greatest success story to arise from these events would be the globalization of organized crime. "McMafia" is a fearless, encompassing, wholly authoritative investigation of the now proven ability of organized crime worldwide to find and service markets driven by a seemingly insatiable demand for illegal wares. Whether discussing the Russian mafia, Colombian drug cartels, or Chinese labor smugglers, Misha Glenny makes clear how organized crime feeds off the poverty of the developing world, how it exploits new technology in the forms of cybercrime and identity theft, and how both global crime and terror are fueled by an identical source: the triumphant material affluence of the West. To trace the disparate strands of this hydra-like story, Glenny talked to police, victims, politicians, and members of the global underworld in eastern Europe, North and South America, Africa, the Middle East, China, Japan, and India. The story of organized crime's phenomenal, often shocking growth is truly the central political story of our time. "McMafia "will change the way we look at the world.

    During the 1970s and ‘80s, Cooley bribed judges, juries, and cops to keep his Mob clients out of jail. Paid handsomely for his services, he lived fast and enjoyed the protection of the men he served. Yet, by the end of the ‘90s, without a pending conviction, he became the star witness in nine federal trials that took down the most powerful Mafia family in the history of organized crime. When Corruption Was King is the story of a Mob lawyer turned mole with a million-dollar contract on his head who went back and forth between sin and sainthood—a turbulent youth, a stint on Chicago's police force, law school, and then the inner sanctum of Chicago's wiseguys. He dined with Mob bosses and shared "last suppers" with friends before their gangland executions. In a startling act of conscience, Cooley walked into the office of the U.S. Organized Crime Strike Force and agreed to wear a wire on the very same Mafia overlords who had made him a player. This book, including eight pages of memorable photographs, reveals the personal story behind the federal government's most successful Mafia investigation.