Mobs Messiahs And Markets

Author : William Bonner
Publisher : John Wiley & Sons
ISBN 13 : 1118039157
Total Pages : 424 pages
Book Rating : 4.51/5 ( download)

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Download or read book Mobs, Messiahs, and Markets written by William Bonner and published by John Wiley & Sons. This book was released on 2010-12-28 with total page 424 pages. Available in PDF, EPUB and Kindle. Book excerpt: An insightful look at how to succeed by going against the crowd Collectively, people think and act in ways that are different from how they think and act as individuals. Understanding these differences, says William (Bill) Bonner-a longtime maverick observer of the financial world and the vagaries of the investing public-is vital to preserving your wealth and personal dignity. From the witch-hunts of the early modern world to the war on terror, from dot-com mania to the real estate bubble, people have always been caught up in frauds, conceits, and wild guesses-often with devastating results. In Mobs, Messiahs, and Markets, Bonner and coauthor Lila Rajiva show groupthink at work in an improbable array of instances throughout history and reveal why swimming against the current pays. Shares the deeper secrets of investing and pushes you to question what this means for your financial well-being Explains why people so often abandon good sense and good behavior to "follow the crowd" Offers concrete advice on how you can avoid the "public spectacle" of modern finance The authors' cautionary tale of bubble economies reveals how the gush of credit let loose by Alan Greenspan has wreaked havoc on our lives-but their thoughtful and always entertaining approach also offers some sound investing principles for avoiding the pitfalls of the public spectacle, thinking for yourself, and protecting your money, your sanity, and your soul.

Author : Robert Menschel
Publisher : John Wiley & Sons
ISBN 13 : 0471267716
Total Pages : 256 pages
Book Rating : 4.13/5 ( download)

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Download or read book Markets, Mobs & Mayhem written by Robert Menschel and published by John Wiley & Sons. This book was released on 2002-10-01 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this fascinating tour through cultural, global, economic, and business history, icon of the financial world Robert Menschel explores the phenomenon of crowd psychology and its effects on business and culture. Explaining how crowd psychology creates market bubbles and irrational exuberance, Menschel mines world history—from the rise of the Nazis in Germany, to the fanatical love of brands, to the Dutch tulip craze of the seventeenth century, to America’s 1990s Internet bubble—to reveal how the behavior of crowds negatively affects the business world. Championing the causes of individuality and common sense, Markets, Mobs & Mayhem offers real wisdom for investors who want to keep their wits when everyone else is losing theirs.

Author : Bill Bonner
Publisher : John Wiley & Sons
ISBN 13 : 1118239873
Total Pages : 359 pages
Book Rating : 4.72/5 ( download)

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Download or read book Family Fortunes written by Bill Bonner and published by John Wiley & Sons. This book was released on 2012-06-21 with total page 359 pages. Available in PDF, EPUB and Kindle. Book excerpt: Selected as one of Motley Fool’s “5 Great Books You Should Read” Advice on managing your wealth from bestselling author Bill Bonner From trusted New York Times bestselling author Bill Bonner comes a radical new way to look at family money and a practical, actionable guide to getting and maintaining multigenerational wealth. Family Fortunes: How to Build Family Wealth and Hold on to It for 100 Years is packed with useful information, interwoven with Bonner's stories about his own family's wealth philosophy and practices. A comprehensive guide that shows how families can successfully preserve their estates by ignoring most of what people think they know about "the rich" and, instead, training and motivating all family members to work together toward a very uncommon goal. This book is a must-read for all individual investors—even those who do not plan to leave money to their children—because it challenges many of the most ubiquitous principles and rules of investing. You might expect a book on family wealth to be extremely conservative in its outlook. Instead, the Bonners announce what is practically a revolutionary manifesto. They explain: Why family money should NOT be invested in "safe, conservative" investments Why charitable giving is usually a waste of money, or worse Why it is NOT a good idea to let children go their own way Why you can't trust wealth "professionals" and why you should never entrust your money to money managers Why giving your children as much education as possible is NOT a good idea Why Warren Buffett and the rest of the rich people asking for higher tax rates are wrong to take "the pledge" Why Wall Street is a graveyard for capital, why most celebrity CEOs are a threat to the businesses they run, why modern capitalism is a failure, and more You will come away with a very different idea as to what family wealth is all about. It is not stodgy. Not boring. Not moss-backed and reactionary. On the contrary, it is the most dynamic, forward-looking capital in the world. The essential guide to passing wealth from one generation to the next, Family Fortunes is filled with concrete, practical advice you can put to use right away.

Author : Vladik Kreinovich
Publisher : Springer
ISBN 13 : 3030042634
Total Pages : 776 pages
Book Rating : 4.39/5 ( download)

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Download or read book Structural Changes and their Econometric Modeling written by Vladik Kreinovich and published by Springer. This book was released on 2018-11-24 with total page 776 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book focuses on structural changes and economic modeling. It presents papers describing how to model structural changes, as well as those introducing improvements to the existing before-structural-changes models, making it easier to later on combine these models with techniques describing structural changes. The book also includes related theoretical developments and practical applications of the resulting techniques to economic problems. Most traditional mathematical models of economic processes describe how the corresponding quantities change with time. However, in addition to such relatively smooth numerical changes, economical phenomena often undergo more drastic structural change. Describing such structural changes is not easy, but it is vital if we want to have a more adequate description of economic phenomena – and thus, more accurate and more reliable predictions and a better understanding on how best to influence the economic situation.

Author : Ivan Pavell
Publisher : Author House
ISBN 13 : 1491878444
Total Pages : 487 pages
Book Rating : 4.46/5 ( download)

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Download or read book On The Wrong Track written by Ivan Pavell and published by Author House. This book was released on 2013 with total page 487 pages. Available in PDF, EPUB and Kindle. Book excerpt: Various opinion polls, both in the USA and Great Britain have revealed that a large proportion of citizens believe that their countries are heading in the wrong direction. The book generally describes the trends in the governance of the West that have been gradually changing Individualistic free societies to Collectivist societies of subservient people. This progression has been carried out by the so called Political elite. In practical terms we can see that there has been a growth of governments and their bureaucracies, as well as an encroachment of government's influence on what used to be citizen's individual decision. This occurrence has driven the attempt to "manage" entire societies. Examples can be noted in relation to: management of the economy, social engineering, the use of media and education to impose collectivist ideologies, extensive surveillance of citizens, and the general aggrandizement of governments and their rulers. These have all lead to the transformation of free individuals into subjects of the State (that is ruling elite) Alongside this transformation, the governments in the West are currently living beyond their means and are accruing enormous debts. The book compares the present Statism of the West with the Soviet Socialism, and how they are gradually drawing closer.

Author : Tim Weir
Publisher : Cambridge Scholars Publishing
ISBN 13 : 1443896780
Total Pages : 255 pages
Book Rating : 4.88/5 ( download)

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Download or read book The Rise and Fall of Wessex Asset Management and the 2008 Crash written by Tim Weir and published by Cambridge Scholars Publishing. This book was released on 2016-06-22 with total page 255 pages. Available in PDF, EPUB and Kindle. Book excerpt: What caused the Global Financial Crisis of 2008? What lessons should be learnt from it? Could it happen again? Taking his own career in the City of London as a starting point, the author tackles these important questions. His position as a fund manager in a variety of financial institutions during the 1980s and 1990s, and then as a hedge fund manager from 1999 to 2011, gives him the ideal vantage point. He is an insider: he knows the trade, the pitfalls, the hubris and the mistakes. This highly readable book highlights the fundamental weaknesses of the financial system: the problems surrounding liquidity and risk, the vulnerability of the market to errors and overshoots, and the devastating effects of amplifying those errors with unsustainable amounts of debt. The book also examines issues such as women in hedge funds, pay in the finance sector, and the future of the Eurozone. The distinction between the banking system and the hedge fund industry is also brought into sharp focus. With an entertaining and lively style, the book leads the reader effortlessly through complex arguments and analysis, leading to a comprehensive overview of the financial crisis as well as a clear-eyed grasp of the finer details. Whatever your level of financial expertise, this is essential reading.

Author : Bradley Jones
Publisher : International Monetary Fund
ISBN 13 : 1484398270
Total Pages : 49 pages
Book Rating : 4.72/5 ( download)

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Download or read book Identifying Speculative Bubbles: A Two-Pillar Surveillance Framework written by Bradley Jones and published by International Monetary Fund. This book was released on 2014-11-19 with total page 49 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the aftermath of the global financial crisis, the issue of how best to identify speculative asset bubbles (in real-time) remains in flux. This owes to the difficulty of disentangling irrational investor exuberance from the rational response to lower risk based on price behavior alone. In response, I introduce a two-pillar (price and quantity) approach for financial market surveillance. The intuition is straightforward: while asset pricing models comprise a valuable component of the surveillance toolkit, risk taking behavior, and financial vulnerabilities more generally, can also be reflected in subtler, non-price terms. The framework appears to capture stylized facts of asset booms and busts—some of the largest in history have been associated with below average risk premia (captured by the ‘pricing pillar’) and unusually elevated patterns of issuance, trading volumes, fund flows, and survey-based return projections (reflected in the ‘quantities pillar’). Based on a comparison to past boom-bust episodes, the approach is signaling mounting vulnerabilities in risky U.S. credit markets. Policy makers and regulators should be attune to any further deterioration in issuance quality, and where possible, take steps to ensure the post-crisis financial infrastructure is braced to accommodate a re-pricing in credit risk.

Author : William Bonner
Publisher : John Wiley & Sons
ISBN 13 : 139418056X
Total Pages : 422 pages
Book Rating : 4.61/5 ( download)

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Download or read book Un-Civilizing America written by William Bonner and published by John Wiley & Sons. This book was released on 2023-05-09 with total page 422 pages. Available in PDF, EPUB and Kindle. Book excerpt: Discover what sets a fair and just economy apart from the rest In Un-Civilizing America – How Win-Win Deals Made Us Rich, bestselling author William Bonner delivers an incisive and engrossing account of the American economy, the four simple steps to earning money the honest way, and why many choose the dishonest way instead. He also discusses the shadow groups that influence America behind the scenes and how their power grew so large they lost the need to remain hidden, and what really drives the government’s phony wars—including the War on Drugs and the US-China trade war. In the book, you’ll learn why the best kinds of economies run on “win-win” deals and how companies and individuals use market-set prices to maximize their utility. You’ll also discover: Why the “Sermon on the Mount” was the best economic and social advice ever given How civilization developed and the one thing that sets it apart from barbarity How “win-lose” deals inevitably force one side or the other to accept the terms of the “agreement” Why allowing only one side to profit in an arrangement is a recipe for disaster in the long run Why capitalism favors “win-win” deals while socialism prefers the “win-lose” variety A can’t-miss resource for anyone interested in American or global economics and finance, Un-Civilizing America will also earn a place on the bookshelves of business leaders, entrepreneurs, policy and lawmakers, and regulators.

Author : Ann Coulter
Publisher : Crown Forum
ISBN 13 : 0307353494
Total Pages : 370 pages
Book Rating : 4.98/5 ( download)

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Download or read book Demonic written by Ann Coulter and published by Crown Forum. This book was released on 2012-08-07 with total page 370 pages. Available in PDF, EPUB and Kindle. Book excerpt: The demon is a mob, and the mob is demonic. The Democratic Party activates mobs, depends on mobs, coddles mobs, publicizes and celebrates mobs—it is the mob. Sweeping in its scope and relentless in its argument, Demonic explains the peculiarities of liberals as standard groupthink behavior. To understand mobs is to understand liberals. In her most provocative book to date, Ann Coulter argues that liberals exhibit all the psychological characteristics of a mob, for instance: Liberal Groupthink: “The same mob mentality that leads otherwise law-abiding people to hurl rocks at cops also leads otherwise intelligent people to refuse to believe anything they haven’t heard on NPR.” Liberal Schemes: “No matter how mad the plan is—Fraternité, the ‘New Soviet Man,’ the Master Race, the Great Leap Forward, the Cultural Revolution, Building a New Society, ObamaCare—a mob will believe it.” Liberal Enemies: “Instead of ‘counterrevolutionaries,’ liberals’ opponents are called ‘haters,’ ‘those who seek to divide us,’ ‘tea baggers,’ and ‘right-wing hate groups.’ Meanwhile, conservatives call liberals ‘liberals’—and that makes them testy.” Liberal Justice: “In the world of the liberal, as in the world of Robespierre, there are no crimes, only criminals.” Liberal Violence: “If Charles Manson’s followers hadn’t killed Roman Polanski’s wife, Sharon Tate, Clinton would have pardoned him, too, and he’d probably be teaching at Northwestern University.” Citing the father of mob psychology, Gustave Le Bon, Coulter catalogs the Left’s mob behaviors: the creation of messiahs, the fear of scientific innovation, the mythmaking, the preference for images over words, the lack of morals, and the casual embrace of contradictory ideas. Coulter traces the history of the liberal mob to the French Revolution and Robespierre’s revolutionaries (delineating a clear distinction from America’s founding fathers), who simply proclaimed that they were exercising the “general will” before slaughtering their fellow citizens “for the good of mankind.” Similarly, as Coulter demonstrates, liberal mobs, from student radicals to white-trash racists to anti-war and pro-ObamaCare fanatics today, have consistently used violence to implement their idea of the “general will.” This is not the American tradition; it is the tradition of Stalin, of Hitler, of the guillotine—and the tradition of the American Left. As the heirs of the French Revolution, Democrats have a history that consists of pandering to mobs, time and again, while Republicans, heirs to the American Revolution, have regularly stood for peaceable order. Hoping to muddy this horrifying truth, liberals slanderously accuse conservatives of their own crimes—assassination plots, conspiracy theorizing, political violence, embrace of the Ku Klux Klan. Coulter shows that the truth is the opposite: Political violence—mob violence—is always a Democratic affair. Surveying two centuries of mob movements, Coulter demonstrates that the mob is always destructive. And yet, she argues, beginning with the civil rights movement in the sixties, Americans have lost their natural, inherited aversion to mobs. Indeed, most Americans have no idea what they are even dealing with. Only by recognizing the mobs and their demonic nature can America begin to defend itself.

Author : Addison Wiggin
Publisher : John Wiley & Sons
ISBN 13 : 1394174667
Total Pages : 294 pages
Book Rating : 4.69/5 ( download)

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Download or read book Financial Reckoning Day written by Addison Wiggin and published by John Wiley & Sons. This book was released on 2023-10-24 with total page 294 pages. Available in PDF, EPUB and Kindle. Book excerpt: An engaging and practical romp through contemporary financial and economic history—and what it means for your financial future Economic booms and busts are happening with more frequency. Since the turn of the new millennium, fortunes have been made and lost at a blistering pace. Each boom is like the tension building up before an earthquake. Seismologists can detect the build-up, but they can't necessarily explain why—or when—the next quake will hit. Economic busts can be equally devastating…and followed by numerous aftershocks. In this entertaining romp through recent economic and financial history, best-selling author, Addison Wiggin, traces the primary trends that have led up to rapid economic growth and innovation while keeping an eye on the inevitable downturn. The author practices "literary economics," telling stories about the characters behind the scenes and their motives, making this wide-ranging book easy-to-read. The current edition has been revised, adapted, and re-imagined, enlightening readers about what's happening behind today's top headlines: The rise of new financial innovations over the past decade, including cryptocurrencies, mobile trading platforms, and the democratization of financial markets How the policies of the Federal Reserve following the Panic of '08 led an entire generation to become unwitting speculators in stocks, bonds, real estate, and rare commodities What impact new political trends—environmental, social, governance (ESG) and diversity equity and inclusion (DEI)—have had on managing your own money Ultimately, the book helps place current events in the context of identifiable historical trends. The book proposes that when you understand what the primary trends are and follow them to their logical conclusion, it makes planning for your financial future much easier. What will be the role of the US economy in the future as policy makers try to grapple with new competition, economic and political, from Brazil, Russia, India, China - the so-called BRICs? The author follows the facts, the trends, and the stories that make up history and parlays them into forecasts for what he sees coming next. Ultimately, you'll get a review of previous trades and a new Trade of the Decade. Enjoy.