The Best Investment Writing: Selected Writing from Leading Investors and Authors Vol 1


Mebane T. Faber - 2017
    These are the best pieces from some of the most respected money managers and investment researchers in the world.You'll get valuable insights into:-- The strategies that produce some of the highest historical returns -- Five due diligence questions we must ask before investing -- Why we often make poor "complex" investing decisions -- The easiest, most powerful method to estimate future stock returns -- How to spend our investment gains to maximize genuine happinessThe Best Investment Writing - Volume 1 reads like a masters course in investing. See how it can help you become a better investor today.With contributions from: Jason Zweig, Gary Antonacci, Morgan Housel, Ben Hunt, Todd Tresidder, Patrick O'Shaughnessy, Meb Faber, David Merkel, Norbert Keimling, Adam Butler, Stan Altshuller, Tom McClellan, Jared Dillian, Raoul Pal, Barry Ritholtz, Ken Fisher, Chris Meredith, Aswath Damodaran, Ben Carlson, Dave Nadig, Josh Brown, Corey Hoffstein, Jason Hsu, Wes Gray, John Reese, Larry Swedroe, Cullen Roche, Jonathan Clements, Michael Kitces, Charlie Bilello, John Mauldin

The Man Behind the Wheel: How Onkar S. Kanwar Created a Global Giant


Tim Bouquet - 2017
    However, there was no factory. It was a company registered in name only. Apollo Tyres. Thanks to Onkar Singh Kanwar, Raunaq’s eldest son, Apollo is today one of India’s most successful automotive companies with a turnover in excess of $2 billion and factories across India and in Europe.This is the story, never told before, of how Onkar Singh Kanwar built Apollo from scratch and took it to the world stage. To do it, he had to combat strikes and union intimidation, the restrictions of the Licence Raj, politically motivated nationalisation, and near bankruptcy.As if that was not enough, he also had to endure and survive a traumatic falling-out with the father he so admired. Never before has Onkar Kanwar spoken so openly or movingly about the father he still reveres and his regrets that life should have been so different from what he would have liked it to be.The Man Behind the Wheel recounts these dramatic events in compelling detail as Onkar Kanwar follows his steadfast vision to build not just a company, but also an industrial institution. For the first time Onkar Kanwar’s closest friends and colleagues have spoken about the triumphs and the setbacks that have shaped both his and the company’s life and times. His wife and family share their personal insights of the man who is at the hub and heart of their world and how his values as a Sikh, father, brother and husband have moulded him as an entrepreneur.The Man Behind the Wheel is the insightful and exciting story of a highly successful company and its creator as he takes us on a journey through his early days in the US of the 1960s, importing and exporting in the pre-boom Middle East, to building factories in Vadodara and Chennai, and further expansion to the Netherlands and Hungary with stop-offs in China and a highly charged courtroom battle in the United States.But tellingly, it is also the story of fathers and sons and of family dynasties and responsibilities played out against the backdrop of India’s first seventy years since Independence.

The Daddy Diaries


Joshua Braff - 2015
    Jay and Jackie uproot their family of four from San Francisco after Jackie loses her job but finds a lucrative new one in St. Petersburg, Florida. Jay, a one-time copywriter and aspiring author, now plays househusband, caring for his troubled thirteen-year-old son and precocious daughter as they adjust to their new life. As his children begin to assert their independence, Jay realizes that the challenges of child rearing are only going to grow more difficult in the teen years. Through a series of misadventures and run-ins with his narcissistic older brother, his lunatic childhood friend, and his increasingly estranged but beloved son, Jay learns that he must tap his own vulnerabilities if he is to be the rock of stability his family so desperately needs. Overflowing with pathos and humor, The Daddy Diaries is a memorable take on contemporary fatherhood and a clear-sighted look at how the upending of traditional marital roles can affect the delicate balance of familial love. In his third and best novel to date, Joshua Braff vividly evokes the unpredictable dance that families do, and captures how they similarly ebb and flow.

Phishing for Phools: The Economics of Manipulation and Deception


George A. Akerlof - 2015
    In Phishing for Phools, Nobel Prize-winning economists George Akerlof and Robert Shiller deliver a fundamental challenge to this insight, arguing that markets harm as well as help us. As long as there is profit to be made, sellers will systematically exploit our psychological weaknesses and our ignorance through manipulation and deception. Rather than being essentially benign and always creating the greater good, markets are inherently filled with tricks and traps and will phish us as phools.Phishing for Phools therefore strikes a radically new direction in economics, based on the intuitive idea that markets both give and take away. Akerlof and Shiller bring this idea to life through dozens of stories that show how phishing affects everyone, in almost every walk of life. We spend our money up to the limit, and then worry about how to pay the next month's bills. The financial system soars, then crashes. We are attracted, more than we know, by advertising. Our political system is distorted by money. We pay too much for gym memberships, cars, houses, and credit cards. Drug companies ingeniously market pharmaceuticals that do us little good, and sometimes are downright dangerous.Phishing for Phools explores the central role of manipulation and deception in fascinating detail in each of these areas and many more. It thereby explains a paradox: why, at a time when we are better off than ever before in history, all too many of us are leading lives of quiet desperation. At the same time, the book tells stories of individuals who have stood against economic trickery--and how it can be reduced through greater knowledge, reform, and regulation.

Cardiac Arrest: Five Heart-Stopping Years as a CEO On the Feds' Hit-List


Howard Root - 2016
    Fifteen years later, his Minnesota company had created over 500 American jobs and developed more than 50 new medical devices that saved and improved lives. But in 2011, the federal government threatened to destroy his company and put Howard behind bars for years. Why? Federal prosecutors had been sold a bill of goods – a tall tale peddled by a money-hungry ex-employee out for revenge. All over one device. A device that never harmed a single patient and made up less than 1% of the company s sales. The investigation revealed the charges to be baseless, but the scalp-hunting prosecutors didn't back off. Instead they dug in – threatening witnesses, misleading grand juries, and strategically leaking secret documents. Whatever it took to pressure a headline-grabbing settlement. Howard Root stood up to the shakedown. Five years, 121 attorneys and $25 million in legal fees later, his life's work and freedom rested in the hands of 12 strangers in a San Antonio jury room. Would Howard and his company be vindicated by the verdict, or had he made the biggest mistake of his life by challenging the federal government? Cardiac Arrest is the eye-opening true story of life on the Feds' hit-list, told from the desk of a CEO who decided to fight back. Follow Howard from the boardroom to the courtroom, as he tells the inside story of the case that sparked outrage in the pages of The Wall Street Journal and triggered a congressional investigation.

Color of Money: Black Banks and the Racial Wealth Gap


Mehrsa Baradaran - 2017
    More than 150 years later, that number has barely budged. The Color of Money pursues the persistence of this racial wealth gap by focusing on the generators of wealth in the black community: black banks. Studying these institutions over time, Mehrsa Baradaran challenges the myth that black communities could ever accumulate wealth in a segregated economy. Instead, housing segregation, racism, and Jim Crow credit policies created an inescapable, but hard to detect, economic trap for black communities and their banks.The catch-22 of black banking is that the very institutions needed to help communities escape the deep poverty caused by discrimination and segregation inevitably became victims of that same poverty. Not only could black banks not "control the black dollar" due to the dynamics of bank depositing and lending but they drained black capital into white banks, leaving the black economy with the scraps.Baradaran challenges the long-standing notion that black banking and community self-help is the solution to the racial wealth gap. These initiatives have functioned as a potent political decoy to avoid more fundamental reforms and racial redress. Examining the fruits of past policies and the operation of banking in a segregated economy, she makes clear that only bolder, more realistic views of banking's relation to black communities will end the cycle of poverty and promote black wealth.

The Alternative: Most of What You Believe About Poverty Is Wrong


Mauricio L Miller - 2017
    B. Heron Foundation: The Alternative, is not only important reading, it's imperative. Miller, a trained engineer, the one-time manager of a top social service organization and most importantly, the son of a remarkable single mother, has both lived and observed the failings embodied in our attitudes toward the poor and, as a result, the flaws in our systems meant to help people in poverty. He merges heart and soul with system thinking to yield a prescription featuring the real math, trust relationships and courage that can change the "us and them," to "upward together" and put American families in the driver's seat to build their futures.

Reminiscences of a Stock Operator


Edwin Lefèvre - 1923
    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.

The Best "Worst President": What the Right Gets Wrong About Barack Obama


Mark Hannah - 2016
    Elected in the midst of multiple crises—a Wall Street meltdown that imperiled the global economy and American troops entangled in two foreign wars—Barack Obama’s presidency promised, from the start, to be one of the most consequential presidencies in modern American history. Although he stabilized the economy and restored America’s prestige on the global stage, President Obama has been denied the credit he deserves, receiving instead acidic commentary from political opponents such as former Vice President Dick Cheney, who declared that Obama was “the worst president in [his] lifetime”—an accusation that reflects the politics of resentment and recrimination that has come to characterize the president’s critics. In The Best Worst President, Mark Hannah and renowned New Yorker illustrator Bob Staake swiftly and systematically debunk conservative lies and disinformation meant to negate the president’s accomplishments and damage his reputation—baseless charges too often left unchallenged by the national media. The Best Worst President is a whip-smart take-down of these half-truths and hypocrisies, each refuted in a smart, witty, fact-based style. Hannah and Staake not only defend the president but showcase his administration’s most surprising and underappreciated triumphs—making clear he truly is the best “worst president” our nation has ever known.

Great Myths of the Great Depression


Lawrence W. Reed - 2009
    In this essay based on a popular lecture, Foundation for Economic Education President Lawrence W. Reed debunks this conventional view and traces the central role that poor government policy played in fostering this legendary catastrophe. Lawrence W. ("Larry") Reed became president of the Foundation for Economic Education (FEE) in 2008. Prior to becoming FEE's president, he served for twenty years as president of the Mackinac Center for Public Policy in Midland, Michigan. He also taught economics full-time from 1977 to 1984 at Northwood University in Michigan and chaired its Department of Economics from 1982 to 1984. A champion for liberty, Reed has authored over 1,000 newspaper columns and articles, dozens of articles in magazines and journals in the United States and abroad. The Foundation for Economic Education (FEE) is the premier source for understanding the humane values of a free society, and the economic, legal, and ethical principles that make it possible. At FEE, you’ll be connected with people worldwide who share those values and are inspired by the dynamic ideas of free association, free markets, and a diverse civil society. Explore freedom’s limitless possibilities through seminars, classroom resources, social media, and daily content at FEE.org. Learn how your creativity and initiative can result in a prosperous and flourishing life for yourself and the global community. Whether you are just beginning to explore entrepreneurship, economics, or creating value for others or are mentoring others on their journeys, FEE has everything you need. FEE is supported by voluntary, tax-deductible contributions from individuals, foundations, and businesses who believe that it is vital to cultivate a deep appreciation in every generation for individual liberty, personal character, and a free economy. Supporters  receive a subscription to FEE's flagship magazine, the Freeman, also available at FEE.org.

Foundations of Economic Prosperity


Daniel W. Drezner - 2013
    Professor Drezner takes you behind the headlines and into the debates to dispel common myths about prosperity and get at deeper truths. By taking a broad view of economics that includes psychology, sociology, political science, and history, his lectures lead you to fundamental insights about how the modern world works and a deeper understanding of the functioning of the U.S., European, Chinese, and other major economies, as well as an appreciation for the special problems faced by underdeveloped nations. You'll examine dozens of case histories that illustrate what works and doesn't work in the drive to increase economic growth. You'll also learn about intriguing examples of prosperity won or lost, including the Dutch tulip mania in 1637, the era of globalization that started in the 1850s and lasting through World War I, and Ukraine's economic missteps after the breakup of the Soviet Union. As a start on your own road to greater prosperity, take this step to invest in an unparalleled explanation of the prerequisites to achieve it.

TrumpNation: The Art of Being the Donald


Timothy L. O'Brien - 2005
    For anyone terrified of what life might be like under President Trump, this biography offers a probing account of the man behind the hype. Available for the first time in a decade, with a new introduction by the author, this entertaining look inside the world of Donald Trump is chock full of rip-roaring anecdotes, jaw-dropping quotes, and rigorous research into the business deals, political antics, curious relationships, and complex background of the leading Republican presidential candidate.   Granted unprecedented access, Timothy L. O’Brien traveled across the country and up and down the East Coast with Trump on his private jet, wheeled around Palm Beach with him in his Ferrari, and spent hours interviewing him in his home, in his office, and on the golf course. He met with the entrepreneur’s closest friends and most aggressive rivals, while compiling a treasure trove of Trumpisms from the Donald himself:  Trump on the public’s enduring fascination with Trump: “There is something crazy, hot, a phenomenon out there about me, but I’m not sure I can define it and I’m not sure I want to.”  Trump on naysayers: “You can go ahead and speak to guys who have four-hundred-pound wives at home who are jealous of me, but the guys who really know me know I’m a great builder.”  Trump on the art of self-promotion: “You might as well tell people how great you are, because no one else is going to.”   Ultimately, when O’Brien’s research revealed that Trump’s business record and annual spot on the Forbes 400 list of richest Americans might be more fantasy than reality, he—like so many others who have dared to tangle with the former host of The Apprentice—found himself in a courtroom. In a new introduction, O’Brien reflects on the recent wave of TrumpMania and updates readers on what it’s like to depose one of the world’s most litigious businessmen—and win.   This “myth-busting biography” (Kirkus Reviews) is the only argument you need against making America a TrumpNation, providing all the necessary details to “separate Trump the reality from Trump the reality show” (USA Today).

On the Clock: What Low-Wage Work Did to Me and How It Drives America Insane


Emily Guendelsberger - 2019
    There, the vending machines were stocked with painkillers, and the staff turnover was dizzying. In the new year, she traveled to North Carolina to work at a call center, a place where even bathroom breaks were timed to the second. And finally, Guendelsberger was hired at a San Francisco McDonald's, narrowly escaping revenge-seeking customers who pelted her with condiments.Across three jobs, and in three different parts of the country, Guendelsberger directly took part in the revolution changing the U.S. workplace. On the Clock takes us behind the scenes of the fastest-growing segment of the American workforce to understand the future of work in America--and its present. Until robots pack boxes, resolve billing issues, and make fast food, human beings supervised by AI will continue to get the job done. Guendelsberger shows us how workers went from being the most expensive element of production to the cheapest--and how low-wage jobs have been remade to serve the ideals of efficiency, at the cost of humanity.On the Clock explores the lengths that half of Americans will go to to make a living, offering not only a better understanding of the modern workplace, but also surprising solutions to make work more humane.

The Scandal of Money: Why Wall Street Recovers but the Economy Never Does


George Gilder - 2016
    George Gilder shows that money is time, and time is real. He is our best guide to our most fundamental economic problem."   --Peter Thiel, founder of PayPal and Palantir Technologies "Thirty-five years ago, George Gilder wrote Wealth and Poverty, the bible of the Reagan Revolution. With The Scandal of Money he may have written the road map to the next big boom."   --Arthur B. Laffer, coauthor of the New York Times bestseller An Inquiry into the Nature and Causes of the Wealth of States "Gilder pushes us to think about the government monopoly on money and makes a strong case against it. If you believe in economic freedom, you should read this book."  --Senator Jim DeMint, president of The Heritage Foundation  As famed economist and New York Times bestselling author George Gilder points out, “despite multi-billion dollar stimulus packages and near-zero interest rates, Wall Street recovers but the economy never does.” In his groundbreaking new book, The Scandal of Money, Gilder unveils a radical new explanation for our economic woes.  Gilder also exposes the corruption of the Federal Reserve, Washington power-brokers, and Wall Street’s “too-big-to-fail” megabanks, detailing how a small cabal of elites have manipulated currencies and crises to stifle economic growth and crush the middle class. Gilder spares no one in his devastating attack on politicians’ economic policies.  He claims that the Democrats will steer us to ruin – but points out that Republicans are also woefully misguided on how to salvage our economic future.  With all major polls showing that voters rank the economy as one of the top three “most important problems” facing the nation, Gilder’s myth-busting, paradigm-shifting recipe for economic growth could not come at a more critical time. In The Scandal of Money , the reader will learn:   Who is to blame for the economic crippling of America How the new titans of Wall Street value volatility over profitability Why China is winning and we are losing Who the real 1% is and how they are crushing the middle class The hidden dangers of a cashless society What Republicans need to do to win the economic debate—and what the Democrats are doing to make things worse

Courting Justice: From NY Yankees v. Major League Baseball to Bush v. Gore, 1997-2000


David Boies - 2004
    16 pages of photos.