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Liar's Poker

By Michael Lewis
  • ISBN Code: : 9780393066258
  • Publisher : W. W. Norton & Company
  • Pages : 256
  • Category : Biography & Autobiography
  • Reads : 133
  • Book Compatibility : Pdf, ePub, Mobi, Kindle
  • Pdf : liar-s-poker.pdf

Book Excerpt :

The time was the 1980s. The place was Wall Street. The game was called Liar’s Poker. Michael Lewis was fresh out of Princeton and the London School of Economics when he landed a job at Salomon Brothers, one of Wall Street’s premier investment firms. During the next three years, Lewis rose from callow trainee to bond salesman, raking in millions for the firm and cashing in on a modern-day gold rush. Liar’s Poker is the culmination of those heady, frenzied years—a behind-the-scenes look at a unique and turbulent time in American business. From the frat-boy camaraderie of the forty-first-floor trading room to the killer instinct that made ambitious young men gamble everything on a high-stakes game of bluffing and deception, here is Michael Lewis’s knowing and hilarious insider’s account of an unprecedented era of greed, gluttony, and outrageous fortune.

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Read Also This Books

The New New Thing: A Silicon Valley Story

By Michael Lewis
  • File : Pdf, ePub, Mobi, Kindle
  • Publisher : W. W. Norton & Company
  • Book Code : 0393066215
  • Total of Pages : 272
  • Category : Business & Economics
  • Members : 435
  • Pdf File: the-new-new-thing.pdf

Book Short Summary:

New York Times Bestseller. “A superb book. . . . [Lewis] makes Silicon Valley as thrilling and intelligible as he made Wall Street in his best-selling Liar’s Poker.”—Time In the weird glow of the dying millennium, Michael Lewis set out on a safari through Silicon Valley to find the world’s most important technology entrepreneur. He found this in Jim Clark, a man whose achievements include the founding of three separate billion-dollar companies. Lewis also found much more, and the result—the best-selling book The New New Thing—is an ingeniously conceived history of the Internet revolution.

Flash Boys: A Wall Street Revolt

By Michael Lewis
  • File : Pdf, ePub, Mobi, Kindle
  • Publisher : W. W. Norton & Company
  • Book Code : 0393244679
  • Total of Pages : 304
  • Category : Business & Economics
  • Members : 280
  • Pdf File: flash-boys.pdf

Book Short Summary:

#1 New York Times Bestseller — With a new Afterword "Guaranteed to make blood boil." —Janet Maslin, New York Times In Michael Lewis's game-changing bestseller, a small group of Wall Street iconoclasts realize that the U.S. stock market has been rigged for the benefit of insiders. They band together—some of them walking away from seven-figure salaries—to investigate, expose, and reform the insidious new ways that Wall Street generates profits. If you have any contact with the market, even a retirement account, this story is happening to you.

How a Tokyo Earthquake Could Devastate Wall Street

By Michael Lewis
  • File : Pdf, ePub, Mobi, Kindle
  • Publisher : W. W. Norton & Company
  • Book Code : 039334150X
  • Total of Pages : 30
  • Category : Business & Economics
  • Members : 664
  • Pdf File: how-a-tokyo-earthquake-could-devastate-wall-street.pdf

Book Short Summary:

In 1989, Michael Lewis reported on the potential effects of an earthquake in Japan on world financial markets. His insights are once again timely, and they are presented here as a stand-alone essay with a new introduction: “Real Versus Imaginary Japanese Earthquakes.” In the late 1980s, Japanese scientists were trying to figure out the economic damage that would be caused if a catastrophic earthquake destroyed Tokyo. The answer was bleak, but not for Japan. Kaoru Oda, an economist who worked for Tokai Bank, speculated that the United States would end up paying the most. Why? Japan owned trillions of dollars’ worth of foreign liquid assets and investments. These assets, which the world depended on, would be sold, forcing countries into the precarious position of having to return large amounts of money they might not have. After the recent earthquake, Michael Lewis reexamined this hypothesis and came to a surprising conclusion. With his characteristic sense of humor and wit, Lewis, once again, explains the inner workings of a financial catastrophe. “How a Tokyo Earthquake Could Devastate Wall Street” appears in Michael Lewis’s book The Money Culture.

The Premonition: A Pandemic Story

By Michael Lewis
  • File : Pdf, ePub, Mobi, Kindle
  • Publisher : W. W. Norton & Company
  • Book Code : 0393881563
  • Total of Pages : 320
  • Category : Political Science
  • Members : 229
  • Pdf File: the-premonition.pdf

Book Short Summary:

New York Times Bestseller For those who could read between the lines, the censored news out of China was terrifying. But the president insisted there was nothing to worry about. Fortunately, we are still a nation of skeptics. Fortunately, there are those among us who study pandemics and are willing to look unflinchingly at worst-case scenarios. Michael Lewis’s taut and brilliant nonfiction thriller pits a band of medical visionaries against the wall of ignorance that was the official response of the Trump administration to the outbreak of COVID-19. The characters you will meet in these pages are as fascinating as they are unexpected. A thirteen-year-old girl’s science project on transmission of an airborne pathogen develops into a very grown-up model of disease control. A local public-health officer uses her worm’s-eye view to see what the CDC misses, and reveals great truths about American society. A secret team of dissenting doctors, nicknamed the Wolverines, has everything necessary to fight the pandemic: brilliant backgrounds, world-class labs, prior experience with the pandemic scares of bird flu and swine flu…everything, that is, except official permission to implement their work. Michael Lewis is not shy about calling these people heroes for their refusal to follow directives that they know to be based on misinformation and bad science. Even the internet, as crucial as it is to their exchange of ideas, poses a risk to them. They never know for sure who else might be listening in.

The Predators' Ball

By Connie Bruck
  • File : Pdf, ePub, Mobi, Kindle
  • Publisher : Simon and Schuster
  • Book Code : 1476737711
  • Total of Pages : 400
  • Category : Biography & Autobiography
  • Members : 803
  • Pdf File: the-predators-ball.pdf

Book Short Summary:

An insightful portrait of junk-bond powerhouse Drexel Burnham Lambert and infamous financier Michael Milken, “one of the most brilliant minds ever to have been dedicated to Wall Street's money games.” (The New York Times). Milken is purported to have offered to pay award-winning journalist Connie Bruck to stop work on this book, the fascinating story of how a singularly brilliant and intensely private investment banker essentially masterminded the creation of the junk bond market, generating billions of dollars in profits for his clients and himself before ultimately being brought down by charges of insider trading, stock manipulation, and fraud under the RICO Act. Bruck’s in-depth narration of the phenomenal career of the man nicknamed “the Junk Bond King” spans Milken’s early dealings in high-yield bonds as well as numerous corporate raids and hostile takeovers guided by tactics that were undoubtedly revolutionary, if sometimes unethical—and occasionally outright illegal. Standing alongside other blockbuster tales of business malfeasance such as Liar’s Poker and Too Big to Fail, The Predators’ Ball is a shocking, bemusing, and enlightening portrait of an era when it seemed anything was possible on Wall Street—as long as Michael Milken was in your Rolodex.

Discussion Materials

By Bill Keenan
  • File : Pdf, ePub, Mobi, Kindle
  • Publisher : Post Hill Press
  • Book Code : 1642934097
  • Total of Pages : 517
  • Category : Biography & Autobiography
  • Members : 711
  • Pdf File: discussion-materials.pdf

Book Short Summary:

“Why aren’t you using LTM EBITDA for credit metrics?” asked the managing director who sat across from me, his widow’s peak clearly visible as he inspected the sheet in front of him. His spacious office looked out onto New York Harbor. “Bust,” said the vice president, who was a slightly younger, douchier version of Widow’s Peak. He slashed his red ballpoint pen across the sheet and flipped to the next page. “Walk me through the debt paydown and your interest rate assumptions,” continued the VP. “Pretty dovish view. Maybe the Fed knows what they’re doing after all,” said Widow’s Peak. He shot a glance at the VP. They shared a chuckle—at what, I couldn’t tell you. This question about interest rates I knew: Dovish, I thought. Doves fly south for the winter, so dovish is downwards…low interest rates— “We’re running short on time,” said Widow’s Peak. He flipped to the cover page of my presentation. “One final point—all pitch decks should have the same title.” “Since this presentation was geared towards an LBO analysis I was thinking—” “No thinking. All decks—same title—Discussion Materials.” Noted. Discussion Materials gives the reader an honest look at Wall Street from someone in the trenches. After graduating from Columbia Business School, Bill Keenan joined Deutsche Bank’s investment banking division as an associate where despotic superiors (and the blinking red light of his BlackBerry) instilled low-level terror on an hourly basis. You’ll join him in his cubicle on the 44th floor of 60 Wall Street as he scrambles to ensure floating bar charts are the correct shade of orange and all numbers are left-aligned, but whatever you do, don’t ask him what any of it means. Leaning heavily on his fellow junior bankers and the countless outsourcing resources the bank employs, he slowly develops proficiency at the job, eventually gaining traction and respect, one deal at a time, over a two-year span, ultimately cementing his legacy in the group by attaining the unattainable: placing a dinner order on Seamless one Sunday night at work from Hwa Yuan Szechuan amounting to $25.00 (tax and tip included), the bank’s maximum allowance for meals—the perfect order.

The Bonfire of the Vanities

By Tom Wolfe
  • File : Pdf, ePub, Mobi, Kindle
  • Publisher : Farrar, Straus and Giroux
  • Book Code : 1429960566
  • Total of Pages : 704
  • Category : Fiction
  • Members : 900
  • Pdf File: the-bonfire-of-the-vanities.pdf

Book Short Summary:

Vintage Tom Wolfe, The Bonfire of the Vanities, the #1 bestseller that will forever define late-twentieth-century New York style. "No one has portrayed New York Society this accurately and devastatingly since Edith Wharton" (The National Review) “A page-turner . . . Brilliant high comedy.” (The New Republic) Sherman McCoy, the central figure of Tom Wolfe's first novel, is a young investment banker with a fourteen-room apartment in Manhattan. When he is involved in a freak accident in the Bronx, prosecutors, politicians, the press, the police, the clergy, and assorted hustlers high and low close in on him, licking their chops and giving us a gargantuan helping of the human comedy, of New York in the 1980s, a city boiling over with racial and ethnic hostilities and burning with the itch to Grab It Now. Wolfe's novel is a big, panoramic story of the metropolis that reinforces the author's reputation as the foremost chronicler of the way we live in America.

The Undoing Project: A Friendship That Changed Our Minds

By Michael Lewis
  • File : Pdf, ePub, Mobi, Kindle
  • Publisher : W. W. Norton & Company
  • Book Code : 0393254607
  • Total of Pages : 320
  • Category : Science
  • Members : 786
  • Pdf File: the-undoing-project.pdf

Book Short Summary:

“Brilliant. . . . Lewis has given us a spectacular account of two great men who faced up to uncertainty and the limits of human reason.” —William Easterly, Wall Street Journal Forty years ago, Israeli psychologists Daniel Kahneman and Amos Tversky wrote a series of breathtakingly original papers that invented the field of behavioral economics. One of the greatest partnerships in the history of science, Kahneman and Tversky’s extraordinary friendship incited a revolution in Big Data studies, advanced evidence-based medicine, led to a new approach to government regulation, and made much of Michael Lewis’s own work possible. In The Undoing Project, Lewis shows how their Nobel Prize–winning theory of the mind altered our perception of reality.

The Liar's Key

By Mark Lawrence
  • File : Pdf, ePub, Mobi, Kindle
  • Publisher : Penguin
  • Book Code : 1101630949
  • Total of Pages : 496
  • Category : Fiction
  • Members : 847
  • Pdf File: the-liar-s-key.pdf

Book Short Summary:

From the international bestselling author of the Broken Empire trilogy comes the second book of the Red Queen’s War... After harrowing adventure and near death, Prince Jalan Kendeth and the Viking Snorri ver Snagason find themselves in possession of Loki’s key, an artefact capable of opening any door and sought by the most dangerous beings in the Broken Empire—including the Dead King. Jal wants only to return home to his wine, women, and song, but Snorri has his own purpose for the key: to find the very door into death, throw it wide, and bring his family back into the land of the living. And as Snorri prepares for his quest to find death’s door, Jal’s grandmother, the Red Queen, continues to manipulate kings and pawns toward an endgame of her own design...

Wittgenstein's Poker

By David Edmonds,John Eidinow
  • File : Pdf, ePub, Mobi, Kindle
  • Publisher : Faber & Faber
  • Book Code : 0571320325
  • Total of Pages : 288
  • Category : Philosophy
  • Members : 180
  • Pdf File: wittgenstein-s-poker.pdf

Book Short Summary:

On 25 October 1946, in a crowded room in Cambridge, Ludwig Wittgenstein and Karl Popper came face to face for the first and only time. The encounter lasted only ten minutes, and did not go well. Almost immediately, rumours started to spread around the world that the two philosophers had come to blows, armed with red-hot pokers . . .

The Devil's Casino

By Vicky Ward
  • File : Pdf, ePub, Mobi, Kindle
  • Publisher : John Wiley & Sons
  • Book Code : 9780470638248
  • Total of Pages : 288
  • Category : Business & Economics
  • Members : 675
  • Pdf File: the-devil-s-casino.pdf

Book Short Summary:

The inside story of what really happened at Lehman Brothers and why it failed In The Devil's Casino: Friendship, Betrayal, and the High Stakes Games Played Inside Lehman Brothers, investigative writer and Vanity Fair contributing editor Vicky Ward takes readers inside Lehman's highly charged offices. What Ward uncovers is a much bigger story than Lehman losing at the risky game of collateralized debt obligations, swaps, and leverage. A can't put it down page turner that opens the world of Wall Street to view unlike any book since Bonfire of the Vanities, except that The Devil's Casino isn't fiction. Details what went on behind-the-scenes the weekend Lehman Brothers failed, as well as inside Lehman during the twenty years preceding it Describes the feudal culture that proved both Lehman's strength and its Achilles' heel Written by Vicky Ward, one of today's most connected business and finance writers On Wall Street, Lehman Brothers was cheekily known as "the cat with nine lives." But as The Devil's Casino documents, this cat pushed its luck too far and died?the victim of men and women blinded by arrogance.

The Professor, the Banker, and the Suicide King

By Michael Craig
  • File : Pdf, ePub, Mobi, Kindle
  • Publisher : Grand Central Publishing
  • Book Code : 0446539635
  • Total of Pages : 288
  • Category : Games & Activities
  • Members : 242
  • Pdf File: the-professor-the-banker-and-the-suicide-king.pdf

Book Short Summary:

In 2001, a stranger from Texas entered the high-stakes poker room in the Bellagio casino in Las Vegas. A self-made billionaire, he challenged some of poker's greatest players to a series of heads-up matches. By the end, there was more than $20 million on the table. For the first time ever, here is the detailed, true account of the legendary Big Game that shocked the poker world. Putting you railside to observe the pulse-pounding action, it takes you inside the iron-nerved mind of the professional gambler. Filled with vivid characters, sensational tales, and riveting human drama, this is a unique, suspenseful journey into the world of people who live on the razor's edge of fortune-where incredible wealth or utter ruin turn on the flip of a card.

Too Big to Fail

By Andrew Ross Sorkin
  • File : Pdf, ePub, Mobi, Kindle
  • Publisher : Penguin
  • Book Code : 1101443243
  • Total of Pages : 640
  • Category : Business & Economics
  • Members : 843
  • Pdf File: too-big-to-fail.pdf

Book Short Summary:

Brand New for 2018: an updated edition featuring a new afterword to mark the 10th anniversary of the financial crisis The brilliantly reported New York Times bestseller that goes behind the scenes of the financial crisis on Wall Street and in Washington to give the definitive account of the crisis, the basis for the HBO film “Too Big To Fail is too good to put down. . . . It is the story of the actors in the most extraordinary financial spectacle in 80 years, and it is told brilliantly.” —The Economist In one of the most gripping financial narratives in decades, Andrew Ross Sorkin—a New York Times columnist and one of the country's most respected financial reporters—delivers the first definitive blow-by-blow account of the epochal economic crisis that brought the world to the brink. Through unprecedented access to the players involved, he re-creates all the drama and turmoil of these turbulent days, revealing never-before-disclosed details and recounting how, motivated as often by ego and greed as by fear and self-preservation, the most powerful men and women in finance and politics decided the fate of the world's economy.

Den of Thieves

By James B. Stewart
  • File : Pdf, ePub, Mobi, Kindle
  • Publisher : Simon and Schuster
  • Book Code : 1439126208
  • Total of Pages : 592
  • Category : True Crime
  • Members : 546
  • Pdf File: den-of-thieves.pdf

Book Short Summary:

A #1 bestseller from coast to coast, Den of Thieves tells the full story of the insider-trading scandal that nearly destroyed Wall Street, the men who pulled it off, and the chase that finally brought them to justice. Pulitzer Prize–winner James B. Stewart shows for the first time how four of the eighties’ biggest names on Wall Street—Michael Milken, Ivan Boesky, Martin Siegel, and Dennis Levine —created the greatest insider-trading ring in financial history and almost walked away with billions, until a team of downtrodden detectives triumphed over some of America’s most expensive lawyers to bring this powerful quartet to justice. Based on secret grand jury transcripts, interviews, and actual trading records, and containing explosive new revelations about Michael Milken and Ivan Boesky written especially for this paperback edition, Den of Thieves weaves all the facts into an unforgettable narrative—a portrait of human nature, big business, and crime of unparalleled proportions.

Straight to Hell

By John LeFevre
  • File : Pdf, ePub, Mobi, Kindle
  • Publisher : Open Road + Grove/Atlantic
  • Book Code : 0802192084
  • Total of Pages : 288
  • Category : Biography & Autobiography
  • Members : 160
  • Pdf File: straight-to-hell.pdf

Book Short Summary:

The hilarious New York Times bestseller “sharply observes the lives of globe-trotting, overindulging investment bankers” (Entertainment Weekly). “Some chick asked me what I would do with 10 million bucks. I told her I’d wonder where the rest of my money went.” —@GSElevator For three years, the notorious @GSElevator Twitter feed offered a hilarious, shamelessly voyeuristic look into the real world of international finance. Hundreds of thousands followed the account, Goldman Sachs launched an internal investigation, and when the true identity of the man behind it all was revealed, it created a national media sensation—but that’s only part of the story. Where @GSElevator captured the essence of the banking elite with curated jokes and submissions overheard by readers, Straight to Hell adds John LeFevre’s own story—an unapologetic and darkly funny account of a career as a globe-conquering investment banker spanning New York, London, and Hong Kong. Straight to Hell pulls back the curtain on a world that is both hated and envied, taking readers from the trading floors and roadshows to private planes and after-hours overindulgence. Full of shocking lawlessness, boyish antics, and win-at-all-costs schemes, this is the definitive take on the deviant, dysfunctional, and absolutely excessive world of finance. “Shocking and sordid—and so much fun.” —Daily News (New York) “LeFevre’s workplace anecdotes include tales of nastiness, sabotage, favoritism, sexism, racism, expense-account padding, and legally questionable collusion.” —The New Yorker

Pinocchio

By Carlo Collodi
  • File : Pdf, ePub, Mobi, Kindle
  • Publisher : Xist Publishing
  • Book Code : 1681950634
  • Total of Pages : 107
  • Category : Fiction
  • Members : 581
  • Pdf File: pinocchio.pdf

Book Short Summary:

The Beloved Children's Story of Pinocchio “A conscience is that still small voice that people won't listen to.” ― Carlo Collodi, Pinocchio Read the classic version of Pinocchio, perfect as a read-aloud or for young readers. When the kindly woodcarver wishes for a son, he is granted an amazing gift. Pinocchio is a story that has delighted generations and belongs in every kid's library. This Xist Classics edition has been professionally formatted for e-readers with a linked table of contents. This eBook also contains a bonus book club leadership guide and discussion questions. We hope you’ll share this book with your friends, neighbors and colleagues and can’t wait to hear what you have to say about it. Xist Publishing is a digital-first publisher. Xist Publishing creates books for the touchscreen generation and is dedicated to helping everyone develop a lifetime love of reading, no matter what form it takes

Home Game: An Accidental Guide to Fatherhood

By Michael Lewis
  • File : Pdf, ePub, Mobi, Kindle
  • Publisher : W. W. Norton & Company
  • Book Code : 9780393071382
  • Total of Pages : 192
  • Category : Biography & Autobiography
  • Members : 733
  • Pdf File: home-game.pdf

Book Short Summary:

The New York Times bestseller: “Hilarious. No mushy tribute to the joys of fatherhood, Lewis’ book addresses the good, the bad, and the merely baffling about having kids.”—Boston Globe When Michael Lewis became a father, he decided to keep a written record of what actually happened immediately after the birth of each of his three children. This book is that record. But it is also something else: maybe the funniest, most unsparing account of ordinary daily household life ever recorded, from the point of view of the man inside. The remarkable thing about this story isn’t that Lewis is so unusual. It’s that he is so typical. The only wonder is that his wife has allowed him to publish it.

Japanization

By William Pesek
  • File : Pdf, ePub, Mobi, Kindle
  • Publisher : John Wiley & Sons
  • Book Code : 1118780728
  • Total of Pages : 256
  • Category : Political Science
  • Members : 997
  • Pdf File: japanization.pdf

Book Short Summary:

An in-depth look at Japan's economic malaise and the steps itmust take to compete globally In Japanization, Bloomberg columnist WilliamPesek—based in Tokyo—presents a detailed look atJapan's continuing twenty-year economic slow-down, the politicaland economic reasons behind it, and the policies it could andshould undertake to return to growth and influence. Despite newPrime Minister Shinzo Abe's promise of economic revitalization,investor optimism about the future, and plenty of potential,Japanization reveals why things are unlikely to change anytime soon. Pesek argues that "Abenomics," as the new policies are popularlyreferred to, is nothing more than a dressed-up version of the sameold fiscal and monetary policies that have left Japan withcrippling debt, interest rates at zero, and constant deflation. Heexplores the ten forces that are stunting Japan's growth and offersprescriptions for fixing each one. Offers a skeptical counterpoint to the popular rosy narrativeon the economic outlook for Japan Gives investors practical and detailed insight on the realcondition of Japan's economy Reveals ten factors stunting Japan's growth and why they areunlikely to be solved any time soon Explains why most of what readers believe they know aboutJapan's economy is wrong Includes case studies of some of the biggest Japanesecompanies, including Olympus, Japan Airlines, Sony, and Toyota,among others For many investors, businesspeople, and economists, Japan's longeconomic struggle is difficult to comprehend, particularly giventhe economic advantages it appears to have over its neighbors.Japanization offers a ground-level look at why its problemscontinue and what it can do to change course.

When Genius Failed

By Roger Lowenstein
  • File : Pdf, ePub, Mobi, Kindle
  • Publisher : Random House
  • Book Code : 0375506446
  • Total of Pages : 288
  • Category : Business & Economics
  • Members : 753
  • Pdf File: when-genius-failed.pdf

Book Short Summary:

“A riveting account that reaches beyond the market landscape to say something universal about risk and triumph, about hubris and failure.”—The New York Times NAMED ONE OF THE BEST BOOKS OF THE YEAR BY BUSINESSWEEK In this business classic—now with a new Afterword in which the author draws parallels to the recent financial crisis—Roger Lowenstein captures the gripping roller-coaster ride of Long-Term Capital Management. Drawing on confidential internal memos and interviews with dozens of key players, Lowenstein explains not just how the fund made and lost its money but also how the personalities of Long-Term’s partners, the arrogance of their mathematical certainties, and the culture of Wall Street itself contributed to both their rise and their fall. When it was founded in 1993, Long-Term was hailed as the most impressive hedge fund in history. But after four years in which the firm dazzled Wall Street as a $100 billion moneymaking juggernaut, it suddenly suffered catastrophic losses that jeopardized not only the biggest banks on Wall Street but the stability of the financial system itself. The dramatic story of Long-Term’s fall is now a chilling harbinger of the crisis that would strike all of Wall Street, from Lehman Brothers to AIG, a decade later. In his new Afterword, Lowenstein shows that LTCM’s implosion should be seen not as a one-off drama but as a template for market meltdowns in an age of instability—and as a wake-up call that Wall Street and government alike tragically ignored. Praise for When Genius Failed “[Roger] Lowenstein has written a squalid and fascinating tale of world-class greed and, above all, hubris.”—BusinessWeek “Compelling . . . The fund was long cloaked in secrecy, making the story of its rise . . . and its ultimate destruction that much more fascinating.”—The Washington Post “Story-telling journalism at its best.”—The Economist

The Greatest Trade Ever

By Gregory Zuckerman
  • File : Pdf, ePub, Mobi, Kindle
  • Publisher : Currency
  • Book Code : 0385529937
  • Total of Pages : 304
  • Category : Business & Economics
  • Members : 839
  • Pdf File: the-greatest-trade-ever.pdf

Book Short Summary:

In 2006, hedge fund manager John Paulson realized something few others suspected--that the housing market and the value of subprime mortgages were grossly inflated and headed for a major fall. Paulson's background was in mergers and acquisitions, however, and he knew little about real estate or how to wager against housing. He had spent a career as an also-ran on Wall Street. But Paulson was convinced this was his chance to make his mark. He just wasn't sure how to do it. Colleagues at investment banks scoffed at him and investors dismissed him. Even pros skeptical about housing shied away from the complicated derivative investments that Paulson was just learning about. But Paulson and a handful of renegade investors such as Jeffrey Greene and Michael Burry began to bet heavily against risky mortgages and precarious financial companies. Timing is everything, though. Initially, Paulson and the others lost tens of millions of dollars as real estate and stocks continued to soar. Rather than back down, however, Paulson redoubled his bets, putting his hedge fund and his reputation on the line. In the summer of 2007, the markets began to implode, bringing Paulson early profits, but also sparking efforts to rescue real estate and derail him. By year's end, though, John Paulson had pulled off the greatest trade in financial history, earning more than $15 billion for his firm--a figure that dwarfed George Soros's billion-dollar currency trade in 1992. Paulson made billions more in 2008 by transforming his gutsy move. Some of the underdog investors who attempted the daring trade also reaped fortunes. But others who got the timing wrong met devastating failure, discovering that being early and right wasn't nearly enough. Written by the prizewinning reporter who broke the story in The Wall Street Journal, The Greatest Trade Ever is a superbly written, fast-paced, behind-the-scenes narrative of how a contrarian foresaw an escalating financial crisis--that outwitted Chuck Prince, Stanley O'Neal, Richard Fuld, and Wall Street's titans--to make financial history.

The Fifth Risk

By Michael Lewis
  • File : Pdf, ePub, Mobi, Kindle
  • Publisher : W. W. Norton & Company
  • Book Code : 1324002654
  • Total of Pages : 256
  • Category : Political Science
  • Members : 440
  • Pdf File: the-fifth-risk.pdf

Book Short Summary:

New York Times Bestseller What are the consequences if the people given control over our government have no idea how it works? "The election happened," remembers Elizabeth Sherwood-Randall, then deputy secretary of the Department of Energy. "And then there was radio silence." Across all departments, similar stories were playing out: Trump appointees were few and far between; those that did show up were shockingly uninformed about the functions of their new workplace. Some even threw away the briefing books that had been prepared for them. Michael Lewis’s brilliant narrative takes us into the engine rooms of a government under attack by its own leaders. In Agriculture the funding of vital programs like food stamps and school lunches is being slashed. The Commerce Department may not have enough staff to conduct the 2020 Census properly. Over at Energy, where international nuclear risk is managed, it’s not clear there will be enough inspectors to track and locate black market uranium before terrorists do. Willful ignorance plays a role in these looming disasters. If your ambition is to maximize short-term gains without regard to the long-term cost, you are better off not knowing those costs. If you want to preserve your personal immunity to the hard problems, it’s better never to really understand those problems. There is upside to ignorance, and downside to knowledge. Knowledge makes life messier. It makes it a bit more difficult for a person who wishes to shrink the world to a worldview. If there are dangerous fools in this book, there are also heroes, unsung, of course. They are the linchpins of the system—those public servants whose knowledge, dedication, and proactivity keep the machinery running. Michael Lewis finds them, and he asks them what keeps them up at night.

Barbarians at the Gate

By Bryan Burrough,John Helyar
  • File : Pdf, ePub, Mobi, Kindle
  • Publisher : Harper Collins
  • Book Code : 0061804037
  • Total of Pages : 624
  • Category : Business & Economics
  • Members : 776
  • Pdf File: barbarians-at-the-gate.pdf

Book Short Summary:

“One of the finest, most compelling accounts of what happened to corporate America and Wall Street in the 1980’s.” —New York Times Book Review A #1 New York Times bestseller and arguably the best business narrative ever written, Barbarians at the Gate is the classic account of the fall of RJR Nabisco. 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.

Wall and Mean: A Novel

By Tom Bernard
  • File : Pdf, ePub, Mobi, Kindle
  • Publisher : W. W. Norton & Company
  • Book Code : 0393066312
  • Total of Pages : 256
  • Category : Fiction
  • Members : 595
  • Pdf File: wall-and-mean.pdf

Book Short Summary:

"Tom Bernard...[is] a writer to watch."—John C. Boland, Wall Street Journal In this "lively tale" (Portfolio), Wall Street phenom George Wilhelm is poised to become one of the most successful young bond traders in the business. But when the Brooklyn mafia sends two hitmen to collect on a ruinous gambling debt, George must risk everything on an all-or-nothing trade.

The Only Thing to Fear

By Caroline Tung Richmond
  • File : Pdf, ePub, Mobi, Kindle
  • Publisher : Scholastic Inc.
  • Book Code : 0545629896
  • Total of Pages : 288
  • Category : Juvenile Fiction
  • Members : 896
  • Pdf File: the-only-thing-to-fear.pdf

Book Short Summary:

In a stunning reimagining of history, debut author Caroline Tung Richmond weaves an incredible story of secrets and honor in a world where Hitler won World War II.It's been nearly 80 years since the Allies lost WWII in a crushing defeat against Hitler's genetically engineered super soldiers. America has been carved up by the victors, and 16-year-old Zara lives a life of oppression in the Eastern America Territories. Under the iron rule of the Nazis, the government strives to maintain a master race, controlling everything from jobs to genetics. Despite her mixed heritage and hopeless social standing, Zara dreams of the free America she's only read about in banned books. A revolution is growing, and a rogue rebel group is plotting a deadly coup. Zara might hold the key to taking down the Führer for good, but it also might be the very thing that destroys her. Because what she has to offer the rebels is something she's spent her entire life hiding, under threat of immediate execution by the Nazis. In this action-packed, heart-stopping novel of a terrifying reality that could have been, Zara must decide just how far she'll go for freedom.

King of Capital

By David Carey,John E. Morris
  • File : Pdf, ePub, Mobi, Kindle
  • Publisher : Currency
  • Book Code : 0307453014
  • Total of Pages : 400
  • Category : Business & Economics
  • Members : 988
  • Pdf File: king-of-capital.pdf

Book Short Summary:

The story of Steve Schwarzman, Blackstone, and a financial revolution, King of Capital is the greatest untold success story on Wall Street. In King of Capital, 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 while the financial establishment—banks and investment bankers such as Citigroup, Bear Stearns, Lehman, UBS, Goldman Sachs, Merrill Lynch, Morgan Stanley—were recklessly assuming risks, leveraging up to astronomical levels and driving the economy to the brink of disaster. Now, 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. 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, King of Capital shows how Blackstone and private equity will drive the economy and provide a model for how financing will work in the years to come.

Moneyball: The Art of Winning an Unfair Game

By Michael Lewis
  • File : Pdf, ePub, Mobi, Kindle
  • Publisher : W. W. Norton & Company
  • Book Code : 0393066231
  • Total of Pages : 336
  • Category : Sports & Recreation
  • Members : 197
  • Pdf File: moneyball.pdf

Book Short Summary:

"This delightfully written, lesson-laden book deserves a place of its own in the Baseball Hall of Fame." —Forbes Moneyball is a quest for the secret of success in baseball. In a narrative full of fabulous characters and brilliant excursions into the unexpected, Michael Lewis follows the low-budget Oakland A's, visionary general manager Billy Beane, and the strange brotherhood of amateur baseball theorists. They are all in search of new baseball knowledge—insights that will give the little guy who is willing to discard old wisdom the edge over big money.

Street Freak

By Jared Dillian
  • File : Pdf, ePub, Mobi, Kindle
  • Publisher : Simon and Schuster
  • Book Code : 1439181284
  • Total of Pages : 368
  • Category : Biography & Autobiography
  • Members : 203
  • Pdf File: street-freak.pdf

Book Short Summary:

Like Michael Lewis’s classic Liar’s Poker, Jared Dillian’s Street Freak takes us behind the scenes of the legendary Lehman Brothers, exposing its outrageous and often hilarious corporate culture and offering a “candid look at the demise of a corporate behemoth” (Publishers Weekly). In the ultracompetitive Ivy League world of Wall Street, Jared Dillian was an outsider as an ex-military, working-class guy in a Men’s Wearhouse suit. But he was scrappy and determined; in interviews he told potential managers that “Nobody can work harder than me. Nobody is willing to put in the hours I will put in. I am insane.” As it turned out, at Lehman Brothers insanity was not an undesirable quality. Dillian rose from green associate, checking IDs at the entrance to the trading floor in the paranoid days following 9/11, to become an integral part of Lehman’s culture in its final years as the firm’s head Exchange-Traded Fund (ETF) trader. More than $1 trillion in wealth passed through his hands, yet the extreme highs and lows of the trading floor masked and exacerbated the symptoms of Dillian’s undiagnosed bipolar and obsessive-compulsive disorders, leading to a downward spiral that nearly ended his life. In his electrifying and fresh voice, Dillian takes readers on a wild ride through madness and back.

The Lady Walks Alone

By Chris Lions
  • File : Pdf, ePub, Mobi, Kindle
  • Publisher : Xlibris Corporation
  • Book Code : 1462825184
  • Total of Pages :
  • Category : Fiction
  • Members : 494
  • Pdf File: the-lady-walks-alone.pdf

Book Short Summary:

Read and download full book The Lady Walks Alone

Keiretsu Economy - New Economy?

By R. Kensy
  • File : Pdf, ePub, Mobi, Kindle
  • Publisher : Springer
  • Book Code : 0333985680
  • Total of Pages : 410
  • Category : Business & Economics
  • Members : 526
  • Pdf File: keiretsu-economy-new-economy.pdf

Book Short Summary:

This book combines a theoretical study of Japan's economic structures and multinational enterprises with a post-modern analysis of the contemporary multinational enterprise. The author considers the appropriateness of the post-modern approach for discussing economic activities, in particular the New Economy, and also Japanese society and culture. Kensy analyses Japan's economic structure, interpreting its methods, strategies and results in a post-modern context and presents a survey of socio-economic development in Japan since the beginning of westernization. He goes on to discuss Japanese models for the transformation of society in the future, with particular reference to the Keiretzu. Finding Japan to be a truly postmodern society, Kensy shows that Japan is prepared to be a leader in the New Economy. Kensy takes an innovative and stimulating approach that will be of interest to those seeking to better understand the development and future of the economic structures of Japan.

Liar's Poker (25th Anniversary Edition): Rising Through the Wreckage on Wall Street (25th Anniversary Edition)

By Michael Lewis
  • File : Pdf, ePub, Mobi, Kindle
  • Publisher : W. W. Norton & Company
  • Book Code : 0393247147
  • Total of Pages : 320
  • Category : Biography & Autobiography
  • Members : 307
  • Pdf File: liar-s-poker.pdf

Book Short Summary:

The time was the 1980s. The place was Wall Street. The game was called Liar’s Poker. Before there was Flash Boys and The Big Short, there was Liar's Poker. A knowing and unnervingly talented debut, this insider’s account of 1980s Wall Street excess transformed Michael Lewis from a disillusioned bond salesman to the best-selling literary icon he is today. Together, the three books cover thirty years of endemic global corruption—perhaps the defining problem of our age—which has never been so hilariously skewered as in Liar's Poker, now in a twenty-fifth-anniversary edition with a new afterword by the author. It was wonderful to be young and working on Wall Street in the 1980s: never before had so many twenty-four-year-olds made so much money in so little time. After you learned the trick of it, all you had to do was pick up the phone and the money poured in your lap. This wickedly funny book endures as the best record we have of those heady, frenzied years. In it Lewis describes his own rake’s progress through a powerful investment bank. From an unlikely beginning (art history at Princeton?) he rose in two short years from Salomon Brothers trainee to Geek (the lowest form of life on the trading floor) to Big Swinging Dick, the most dangerous beast in the jungle, a bond salesman who could turn over millions of dollars' worth of doubtful bonds with just one call. As he has continued to do for a quarter century, Michael Lewis here shows us how things really worked on Wall Street. In the Salomon training program a roomful of aspirants is stunned speechless by the vitriolic profanity of the Human Piranha; out on the trading floor, bond traders throw telephones at the heads of underlings and Salomon chairmen Gutfreund challenges his chief trader to a hand of liar’s poker for one million dollars.

The Wall Street Journal Complete Money and Investing Guidebook

By Dave Kansas
  • File : Pdf, ePub, Mobi, Kindle
  • Publisher : Currency
  • Book Code : 0307498867
  • Total of Pages : 224
  • Category : Business & Economics
  • Members : 122
  • Pdf File: the-wall-street-journal-complete-money-and-investing-guidebook.pdf

Book Short Summary:

Unravel the Mysteries of the Financial Markets—the Language, the Players, and the Strategies for Success Understanding money and investing has never been more important than it is today, as many of us are called upon to manage our own retirement planning, college savings funds, and health-care costs. Up-to-date and expertly written, The Wall Street Journal Complete Money and Investing Guidebook provides investors with a simple—but not simplistic—grounding in the world of finance. It breaks down the basics of how money and investing work, explaining: • What must-have information you need to invest in stocks, bonds, and mutual funds • How to see through the inscrutable theories and arcane jargon of financial insiders and advisers • What market players, investing strategies, and money and investing history you should know • Why individual investors should pay attention to the economy Written in a clear, engaging style by Dave Kansas, one of America’s top business journalists and editor of The Wall Street Journal Money & Investing section, this straightforward book is full of helpful charts, graphs, and illustrations and is an essential source for novice and experienced investors alike. Get your financial life in order with help from The Wall Street Journal. Look for: • The Wall Street Journal Complete Personal Finance Guidebook • The Wall Street Journal Personal Finance Workbook • The Wall Street Journal Complete Real Estate Investing Guidebook