The Buy Side: A Wall Street Trader's Tale of Spectacular Excess
Turney Duff - 2013
After trying – and failing – to land a job as a journalist, he secured a trainee position at Morgan Stanley and got his first feel for the pecking order that exists in the trading pits. Those on the “buy side,” the traders who make large bets on whether a stock will rise or fall, are the “alphas” and those on the “sell side,” the brokers who handle their business, are eager to please. How eager to please was brought home stunningly to Turney in 1999 when he arrived at the Galleon Group, a colossal hedge-fund management firm run by secretive founder Raj Rajaratnam. Finally in a position to trade on his own, Turney was encouraged to socialize with the sell side and siphon from his new broker friends as much information as possible. Soon he was not just vacuuming up valuable tips but also being lured into a variety of hedonistic pursuits. Naïve enough to believe he could keep up the lifestyle without paying a price, he managed to keep an eye on his buy-and-sell charts and, meanwhile, pondered the strange goings on at Galleon, where tens of millions were being made each week in sometimes mysterious ways. At his next positions, at Argus Partners and J.L. Berkowitz, Turney climbed to even higher heights – and, as it turned out, plummeted to even lower depths – as, by day, he solidified his reputation one of the Street’s most powerful healthcare traders, and by night, he blazed a path through the city’s nightclubs, showing off his social genius and voraciously inhaling any drug that would fill the void he felt inside. A mesmerizingly immersive journey through Wall Street’s first millennial decade, and a poignant self portrait by a young man who surely would have destroyed himself were it not for his decision to walk away from a seven-figure annual income, The Buy Side is one of the best coming-of-age-on-the-Street books ever written.
Only Yesterday: An Informal History of the 1920's
Frederick Lewis Allen - 1931
Originally published in 1931, Only Yesterday has an exuberance and proximity to its subject—the Roaring Twenties in all its scandal and glory—that uniquely captures the feel of the era.
Hit Refresh: The Quest to Rediscover Microsoft's Soul and Imagine a Better Future for Everyone
Satya Nadella - 2017
It’s about how people, organizations and societies can and must hit refresh—transform—in their persistent quest for new energy, new ideas, relevance and renewal. At the core, it’s about us humans and our unique qualities, like empathy, which will become ever more valuable in a world where the torrent of technology will disrupt like never before. As much a humanist as a technologist, Nadella defines his mission and that of the company he leads as empowering every person and every organization on the planet to achieve more.
The Worldly Philosophers
Robert L. Heilbroner - 1953
In this seventh edition, Robert L. Heilbroner provides a new theme that connects thinkers as diverse as Adam Smith and Karl Marx. The theme is the common focus of their highly varied ideas—namely, the search to understand how a capitalist society works. It is a focus never more needed than in this age of confusing economic headlines.In a bold new concluding chapter entitled “The End of the Worldly Philosophy?” Heilbroner reminds us that the word “end” refers to both the purpose and limits of economics. This chapter conveys a concern that today’s increasingly “scientific” economics may overlook fundamental social and political issues that are central to economics. Thus, unlike its predecessors, this new edition provides not just an indispensable illumination of our past but a call to action for our future. (amazon.com)
A Voice from Old New York: A Memoir of My Youth
Louis Auchincloss - 2010
His memoir confirms that, despite the spark of his fiction, Auchincloss himself was the most entertaining character he has created. No traitor to his class but occasionally its critic, he returns us to his Society which was, he maintains, less interesting than its members admitted. You may differ as he unfurls his life with dignity, summoning his family (particularly his father who suffered from depression and forgave him for hating sports) and intimates. Brooke Astor and her circle are here, along with glimpses of Jacqueline Onassis. Most memorable, though, is his way with those outside the salon: the cranky maid; the maiden aunt, perpetually out of place; the less-than-well-born boy who threw himself from a window over a woman and a man. Here is Auchincloss, an American master, being Auchincloss, a rare eye, a generous and lively spirit to the end.
A Place Called Waco: A Survivor's Story
David Thibodeau - 1999
Intrigued and frustrated with a stalled music career, Thibodeau gradually became a follower and moved to the Branch Davidian compound in Waco, Texas. He remained there until April 19, 1993, when the compound was stormed and burnt to the ground after a 51-day standoff.In this book, Thibodeau explores why so many people came to believe that Koresh was divinely inspired. We meet the men, women, and children of Mt. Carmel. We get inside the day-to-day life of the community. Thibodeau is brutally honest about himself, Koresh, and the other members, and the result is a revelatory look at life inside a cult.But Waco is just as brutally honest when it comes to dissecting the actions of the United States government. Thibodeau marshals an array of evidence, some of it never previously revealed, and proves conclusively that it was our own government that caused the Waco tragedy, including the fires. The result is a memoir that reads like a thriller, with each page taking us closer to the eventual inferno.
Waffle Street: The Confession and Rehabilitation of a Financier
James Adams - 2010
Wearied by eight years in the bond market and disillusioned by the financial services profession, he decides to get an “honest job” for a change. Before he knows what hit him, Jimmy finds himself waiting on tables of barflies at his local Waffle House.Amidst the glorious chaos of the night shift, the 24-hour diner affords a bevy of comedic experiences as the author struggles to ingratiate himself with a motley crew of waiters and cooks.Unexpectedly, the restaurant also becomes a font of insight into financial markets and the human condition.In a uniquely hilarious and thought-provoking narrative, Waffle Street unravels the enigmas of money, banking, economics, and grits once and for all. As they laugh heartily at the author’sexpense, readers will develop a profound appreciation for the first principle of economics: there really is no such thing as a free lunch.
Days of Fire: Bush and Cheney in the White House
Peter Baker - 2013
Confronted by one crisis after another, they struggled to protect the country, remake the world, and define their own relationship along the way. In Days of Fire, Peter Baker chronicles the history of the most consequential presidency in modern times through the prism of its two most compelling characters, capturing the elusive and shifting alliance of George Walker Bush and Richard Bruce Cheney as no historian has done before. He brings to life with in-the-room immediacy all the drama of an era marked by devastating terror attacks, the Iraq War, Hurricane Katrina, and financial collapse. The real story of Bush and Cheney is a far more fascinating tale than the familiar suspicion that Cheney was the power behind the throne. Drawing on hundreds of interviews with key players, and thousands of pages of never-released notes, memos, and other internal documents, Baker paints a riveting portrait of a partnership that evolved dramatically over time, from the early days when Bush leaned on Cheney, making him the most influential vice president in history, to their final hours, when the two had grown so far apart they were clashing in the West Wing. Together and separately, they were tested as no other president and vice president have been, first on a bright September morning, an unforgettable “day of fire” just months into the presidency, and on countless days of fire over the course of eight tumultuous years. Days of Fire is a monumental and definitive work that will rank with the best of presidential histories. As absorbing as a thriller, it is eye-opening and essential reading.
Crash Course: The American Automobile Industry's Road from Glory to Disaster
Paul Ingrassia - 2009
The cost to American taxpayers topped $100 billion—enough to buy every car and truck sold in America in the first half of 2009. With unprecedented access, Pulitzer Prize winner Paul Ingrassia takes us from factory floors to small-town dealerships to Detroit's boardrooms to the inner sanctums of the White House. He reveals why President Barack Obama personally decided to save Chrysler when many of his advisors opposed the idea. Ingrassia provides the dramatic story behind Obama's dismissal of General Motors CEO Rick Wagoner and the angry reaction from GM's board—the same people who had watched idly while the company plunged into penury. In Crash Course, Ingrassia answers the big questions: Was Detroit's self-destruction inevitable? What were the key turning points? Why did Japanese automakers manage American workers better than the American companies themselves did? He also describes dysfunctional corporate cultures (even as GM's market share plunged, the company continued business as usual) and Detroit's perverse system of "inverse layoffs" (which allowed union members to invoke seniority to avoid work). Along the way we meet Detroit's frustrated reformers and witness the wrenching decisions that Ford executives had to make to avoid GM's fate.Informed by Ingrassia's twenty-five years of experience covering the auto industry for The Wall Street Journal, and showing an appreciation for Detroit's profound influence on our country's society and culture, Crash Course is a uniquely American and deeply instructive story, one not to be missed.
Inside Money: Brown Brothers Harriman and the American Way of Power
Zachary Karabell - 2021
Throughout the nineteenth century, when America was convulsed by a devastating financial panic essentially every twenty years, Brown Brothers quietly went from strength to strength, propping up the U.S. financial system at crucial moments and catalyzing successive booms, from the cotton trade and the steamship to the railroad, while largely managing to avoid the unwelcome attention that plagued some of its competitors. By the turn of the twentieth century, Brown Brothers was unquestionably at the heart of what was meant by an American Establishment. As America's reach extended beyond its shores, Brown Brothers worked hand in glove with the State Department, notably in Nicaragua in the early twentieth century, where the firm essentially took over the country's economy. To the Brown family, the virtue of their dealings was a given; their form of muscular Protestantism, forged on the playing fields of Groton and Yale, was the acme of civilization, and it was their duty to import that civilization to the world. When, during the Great Depression, Brown Brothers ensured their strength by merging with Averell Harriman's investment bank to form Brown Brothers Harriman, the die was cast for the role the firm would play on the global stage during World War II and thereafter, as its partners served at the highest levels of government to shape the international system that defines the world to this day.In Inside Money, acclaimed historian, commentator, and former financial executive Zachary Karabell offers the first full and frank look inside this institution against the backdrop of American history. Blessed with complete access to the company's archives, as well as a thrilling understanding of the larger forces at play, Karabell has created an X-ray of American power--financial, political, cultural--as it has evolved from the early 1800s to the present. Today, unlike many of its competitors, Brown Brothers Harriman remains a private partnership and a beacon of sustainable capitalism, having forgone the heady speculative upsides of the past thirty years but also having avoided any role in the devastating downsides. The firm is no longer in the command capsule of the American economy, but, arguably, that is to its credit. If its partners cleaved to any one adage over the generations, it is that a relentless pursuit of more can destroy more than it creates.
Vanderbilt: The Rise and Fall of an American Dynasty
Anderson Cooper - 2021
His staggering fortune was fought over by his heirs after his death in 1877, sowing familial discord that would never fully heal. Though his son Billy doubled the money left by “the Commodore,” subsequent generations competed to find new and ever more extraordinary ways of spending it. By 2018, when the last Vanderbilt was forced out of The Breakers—the seventy-room summer estate in Newport, Rhode Island, that Cornelius’s grandson and namesake had built—the family would have been unrecognizable to the tycoon who started it all.Now, the Commodore’s great-great-great-grandson Anderson Cooper, joins with historian Katherine Howe to explore the story of his legendary family and their outsized influence. Cooper and Howe breathe life into the ancestors who built the family’s empire, basked in the Commodore’s wealth, hosted lavish galas, and became synonymous with unfettered American capitalism and high society. Moving from the hardscrabble wharves of old Manhattan to the lavish drawing rooms of Gilded Age Fifth Avenue, from the ornate summer palaces of Newport to the courts of Europe, and all the way to modern-day New York, Cooper and Howe wryly recount the triumphs and tragedies of an American dynasty unlike any other.Written with a unique insider’s viewpoint, this is a rollicking, quintessentially American history as remarkable as the family it so vividly captures.
A History of Ancient Israel: From the Patriarchs Through the Romans
Eric H. Cline - 2006
Inextricably associated with the world’s three most prominent religions (Judaism, Christianity, and Islam), Israel is steeped in history and conflict, much of which is known through the tales of biblical figures such as Moses, David, Solomon, and, of course, Jesus Christ.But how much of the Bible can be relied upon as accurate history? And how much of the biblical record can be verified through archaeology? Esteemed professor, researcher, and author Eric H. Cline of The George Washington University addresses these and other questions in this fascinating series of lectures.A History of Ancient Israel follows the course of Israel’s history from Abraham and the Patriarchs through the Exodus, Exile, and two great Jewish rebellions, encompassing a rich history that increases one’s understanding of Israel’s place in the world today. In addition to this storied region’s tumultuous past, Professor Cline delves into such compelling digressions as lectures on the Ark of the Covenant, the Dead Sea Scrolls, and controversy surrounding the fabled mass suicide at Masada.
The Immortal Irishman: The Irish Revolutionary Who Became an American Hero
Timothy Egan - 2016
A dashing young orator during the Great Hunger of the 1840s, Thomas Francis Meagher led a failed uprising against British rule, for which he was banished to a Tasmanian prison colony for life. But two years later he was “back from the dead” and in New York, instantly the most famous Irishman in America. Meagher’s rebirth included his leading the newly formed Irish Brigade in many of the fiercest battles of the Civil War. Afterward, he tried to build a new Ireland in the wild west of Montana—a quixotic adventure that ended in the great mystery of his disappearance, which Egan resolves convincingly at last.
Emerson, Thoreau, and the Transcendentalist Movement
Ashton Nichols - 2006
A series of 24 Lectures on the New England Transcendalist Movement delivered by Ashton Nichols, Professor of English at Dickinson College.
I Invented the Modern Age (t): The Rise of Henry Ford and the Most Important Car Ever Made
Richard Snow - 2013
Simon & Schuster has a great book for every reader.