Edition: New Ed
Publication date: 2002-01-02
Dewey code: 332
RRP: £7.99
Price: £2.92
Review When Genius Failed: The Rise and Fall of Long Term Capital Management / Fourth Estate:On September 23, 1998, the boardroom of the New York Fed was a tense place. Around the table sat the heads of every major Wall Street bank, the chairman of the New York Stock Exchange, and representatives from numerous European banks, each of whom had been summoned by the Fed to discuss the highly unusual prospect of rescuing what had, until then, been the envy of them all, the extraordinarily successful bond-trading firm of Long-Term Capital Management. Roger Lowenstein's When Genius Failed is the gripping story behind the Fed's unprecedented move, the incredible heights reached by LTCM, and its eventual dramatic demise. Lowenstein, a financial journalist and author of Buffet: The Making of an American Capitalist, uncovers and examines the personalities, academic expertise, professional relationships, and layers of numbers behind LTCM's roller-coaster ride with the precision and knowledge of a skilled surgeon. The fund's enigmatic founder, John Meriwether, spent almost 20 years at Salomon Brothers, where he formed its renowned Arbitrage Group by hiring academia's top financial economists. Though Meriwether left Salomon under a cloud of the SEC's wrath, he leapt into his next venture with ease, and enticed most of his former Salomon hires-and eventually even David Mullins, the former vice-chairman of the US Federal Reserve-to join him in starting a hedge fund that would beat all hedge funds. LTCM began trading in February 1994, after completing a road show that, despite the Ph. D. -touting partners' lack of social skills and their disdainful condescension of potential investors who couldn't rise to their intellectual level, netted a whopping 1. 25 billion dollars. [+]The fund would seek to earn a tiny spread on thousands of trades, "as if it were vacuuming nickels that others couldn't see," in the words of one of its Nobel laureate partners, Myron Scholes. And nickels it found. In its first two years, LTCM earned 1. 6 billion dollars, profits that exceeded forty percent even after the partners' hefty cuts. By the spring of 1996 it was holding $140 billion in assets. But the end was soon in sight, and Lowenstein's detailed account of each successively worse month of 1998, culminating in a disastrous August and the partners' subsequent panicked moves, is riveting. The arbitrageur's world is a complicated one, and it might have served Lowenstein well to slow down at the start and explain in greater detail the complex terms of the more exotic species of investment flora that cram the book's pages. However, much of the intrigue of the Long-Term story lies in its dizzying pace (not to mention the dizzying amounts of money won and lost in the fund's short lifespan), and Lowenstein's smooth, conversational, but equally urgent tone carries it along well. The book is a compelling read for those who've always wondered what lay behind the Fed's controversial involvement with the LTCM hedge-fund debacle. -S. Ketchum.
Edition: Updated
Publication date: 2008-01-24
RRP: £9.99
Price: £4.23
Review Successful Property Letting - How to Make Money in Buy to Let (Right Way Plus) / Right Way Plus:
Authors
- MoneySavingExpert.Com
- Martin Lewis
RRP: £4.99
Price: £1.07
Review The Three Most Important Lessons You've Never Been Taught: MoneySavingExpert.Com / Vermilion:
Publication date: 2008-04-03
RRP: £10.99
Price: £5.81
Review The 4-hour Work Week: Escape the 9-5, Live Anywhere and Join the New Rich / Vermilion:
Publication date: 2007-12-19
Dewey code: 332.6
RRP: £14.99
Price: £5.48
Review The Top 10 Investments for the Next 10 Years: Investing your way to financial prosperity / Capstone:
Edition: Revised and Updates Edition
Publication date: 2002-04-09
Dewey code: 332
RRP: £11.50
Price: £5.50
Review The Essays of Warren Buffett: Lessons for Investors and Managers, Revised Edition / John Wiley & Sons:
Edition: New Ed
Publication date: 2004-02-01
Dewey code: 332
RRP: £5.99
Price: £0.65
Review The Richest Man in Babylon / New American Library:
Edition: New Ed
Publication date: 2002-01-03
Dewey code: 332
RRP: £7.99
Price: £3.04
Review Rich Dad, Poor Dad (Rich Dad) / Time Warner Paperbacks:Personal finance author and lecturer Robert Kiyosaki developed his unique economic perspective through exposure to a pair of disparate influences: his own highly educated, but fiscally unstable father, and the multimillionaire eighth-grade dropout father of his closest friend. The lifelong monetary problems experienced by his "poor dad" (whose weekly paychecks, while respectable, were never quite sufficient to meet family needs) pounded home the counterpoint communicated by his "rich dad" (that "the poor and the middle class work for money," but "the rich have money work for them"). Taking that message to heart, Kiyosaki was able to retire at 47. Rich Dad Poor Dad, written with consultant and CPA Sharon L. Lechter, lays out his the philosophy behind his relationship with money. Although Kiyosaki can take a frustratingly long time to make his points, his book is nonetheless a compelling advocate for the type of "financial literacy" that's never taught in schools. Based on the principle that income-generating assets always provide healthier bottom-line results than even the best of traditional jobs, it explains how the former might be acquired so that the latter eventually can be shed. -Howard Rothman, Amazon. com.
Edition: 6
Publication date: 2007-11-29
RRP: £53.99
Price: £25.03
Review Options, Futures and Other Derivatives / Pearson Education:
Edition: 2nd Rev Ed
Publication date: 2007-12-10
Dewey code: 332.63202854678
RRP: £12.99
Price: £7.30
Review The Naked Trader: How Anyone Can Make Money Trading Shares / Harriman House Publishing:
Publication date: 2008-06-06
Dewey code: 381.101
RRP: £15.99
Price: £11.34
Review When Markets Collide: Investment Strategies for the Age of Global Economic Change / McGraw-Hill Professional:
Publication date: 2006-12-14
RRP: £7.99
Price: £3.48
Review Thrifty Ways For Modern Days / Vermilion:
Publication date: 2006-11-15
Dewey code: 332
RRP: £9.99
Price: £4.19
Review Bets and the City: Sally Nicoll's Spread Betting Diary / Harriman House Publishing:
Edition: Reprint
Publication date: 1994-01-31
Dewey code: 332
RRP: £9.99
Price: £4.77
Review The New Market Wizards: Conversations with America's Top Traders / HarperCollins:
Publication date: 2007-08-03
Dewey code: 332
RRP: £15.99
Price: £7.33
Review Currency Trading for Dummies (For Dummies) / John Wiley & Sons:
Edition: New Ed
Publication date: 2007-08-02
RRP: £7.99
Price: £3.09
Review How to Get Rich / Ebury Press:
Edition: 3
Publication date: 2002-06-01
Dewey code: 332.6322
RRP: £7.99
Price: £3.19
Review How To Make Money In Stocks, Third Edition: A Winning System in Good Times or Bad / McGraw-Hill Professional:From the school of unemotional investing comes the classic How to Make Money in Stocks, by Wall Street analyst and publisher William O'Neil. Readers new to securities will find it an excellent primer, one that relies on time-honoured indicators such as quarterly earnings, market capitalization and daily indexes. O'Neil's study of winning stocks stretches back to the 1960s and he shares his insights here, describing what characterizes a growth stock, when to cut your losses (at seven or eight percent, no more) and how to spot a market top. The techniques in How to Make Money in Stocks are hardly revolutionary but therein lies their strength, as O'Neil claims his is "a winning system in good times or bad. " Investors interested in Net stocks might be disappointed-the author's first rule is that a company must show a pattern of growing profits, which disqualifies many dot coms. O'Neil's approach to stocks is, above all, rational and he pays little heed to market hype. Those new to investing would do well to read this book before embarking, and even more seasoned traders may find How to Make Money in Stocks a refreshing return to basics. Markets may swing bull and bear but O'Neil promises to stand firm. -Demian McLean, Amazon. com.
Edition: New Ed
Publication date: 2008-01-14
RRP: £9.99
Price: £4.71
Review Sarah Beeny's Price the Job / Collins & Brown:
Edition: Rev Ed
Publication date: 2003-07-31
Dewey code: 332.678
RRP: £12.99
Price: £6.14
Review The Intelligent Investor / HarperCollins:
Publication date: 2004-02-24
Dewey code: 332.6
RRP: £15.99
Price: £7.06
Review Technical Analysis for Dummies (For Dummies (Lifestyles Paperback)) / John Wiley & Sons:
| Browse Personal Finance:
Models & Brands:
When Genius Failed: The Rise and Fall of Long Term Capital Management, Successful Property Letting - How to Make Money in Buy to Let (Right Way Plus), The Three Most Important Lessons You've Never Been Taught: MoneySavingExpert.Com, The 4-hour Work Week: Escape the 9-5, Live Anywhere and Join the New Rich, The Top 10 Investments for the Next 10 Years: Investing your way to financial prosperity, The Essays of Warren Buffett: Lessons for Investors and Managers, Revised Edition, The Richest Man in Babylon, Rich Dad, Poor Dad (Rich Dad), Options, Futures and Other Derivatives, The Naked Trader: How Anyone Can Make Money Trading Shares, When Markets Collide: Investment Strategies for the Age of Global Economic Change, Thrifty Ways For Modern Days, Bets and the City: Sally Nicoll's Spread Betting Diary, The New Market Wizards: Conversations with America's Top Traders, Currency Trading for Dummies (For Dummies), How to Get Rich, How To Make Money In Stocks, Third Edition: A Winning System in Good Times or Bad, Sarah Beeny's Price the Job, The Intelligent Investor, Technical Analysis for Dummies (For Dummies (Lifestyles Paperback))Top headlines: Call for inheritance law change: More money should be allowed to parents with dependent children if their spouse dies without a will, say legal experts. ›14:06, 05.07 Some psych patients wait days in ERs: When staffers at a Brooklyn hospital spotted a middle-aged woman lying face-down on a waiting room floor last month, it hardly seemed like cause for alarm. ›21:45, 3.07 Newsweek: Bad news awaits the next president: There's a grim gathering of America's elites in Aspen to talk about the problems the next president will face. ›16:15, 3.07 Feds may euthanize wild horses: Federal officials are considering euthanizing wild horses to deal with the growing population on the range and in holding facilities, authorities said Monday. ›01:25, 1.07 The scientific flash behind the fireworks: The rockets' red glare, and all those bombs bursting in air, are the product of pyrotechnic chemistry thats been refined over the course of centuries. ›00:49, 3.07 Study: Orangutans could face extinction in wild: Orangutan numbers have declined sharply on the only two islands where they still live in the wild and they could become the first great ape species to go extinct if urgent action isn't taken, a new study says. ›13:01, 5.07 On Iran, top military officer sounds like Obama: It could turn out to be one of the significant comments of the 2008 campaign and due to the July 4 weekend, it isnt getting much notice. The nations highest ranking military officer warned Wednesday upon his return from a visit to Israel that a strike on Iran would be a very bad idea. ›21:05, 3.07 Secrets of the super-connected: Social media isn't about just consuming news or entertainment but sharing and sharing early and often.But how can you stay always-on and still get your work done? Easy if you have the right tools. ›23:46, 1.07 High court overturns Exxon Valdez ruling: Fiber Internet growth worldwide exceeds cable: For the first time, more people around the world are signing up for fiber-optic broadband service than for cable Internet service, according to a British research firm. ›16:52, 3.07 Five held over teenager's death: Five people are arrested in connection with the murder of 16-year-old Shakilus Townsend, who was stabbed to death in south London. ›11:44 Bush 'concern' at N Korea issues: US leader George Bush says there is still concern over North Korea's alleged uranium enrichment, as G8 leaders gather in Japan. ›10:18 Race for Trent Lott's old seat competitive: Roger Wicker leaned up against the rails of the oyster schooner Mike Sekul, enjoying the slight Mississippi Sound breeze and some scrumptious, bone-sucking ribs with his son McDaniel. ›19:59, 3.07 Rocky Mountain land deal tops $500 million: Some of the most prized land in the northern Rocky Mountains is being protected from development in a conservation land deal hailed as the largest of its kind in U.S. history. ›00:37, 1.07 No rush to move dolphins from N.J. river: A group of 15 dolphins can stay in a river near the Jersey Shore for the next few days in the hope that they'll return to the ocean on their own, authorities said Monday. ›19:21, 1.07 Predicting IVF pregnancies may get easier: Just a few more portions of broccoli each week may protect men from prostate cancer, according to British researchers who examined the biology of the cruciferous veggie. ›00:39, 2.07 Twin births like Angelina's are complicated: Danish health officials fear more than 4,000 people may be infected with salmonella and are checking everything from refrigerators to credit card receipts to find the source. ›18:30, 2.07 NYT: McCain camp struggles to find strategy: John McCain has struggled to solidify lines of attack against Mr. Obama, Republican operatives say and some of his own advisers acknowledge. ›04:11, 4.07 Newsweek: 7 facts about your body rhythm: First came the floods now the mosquitoes. An explosion of pesky insects are pestering clean-up crews and just about anyone venturing outside in the waterlogged Midwest. ›20:46, 2.07 Cosmic Log: Stars and stripes in space: Science editor Alan Boyle's Weblog: NASA's Great Observatories present a red-white-and-blue view of cosmic stars and stripes, just in time for the Fourth of July. ›19:44, 3.07 Is this even legal ? Pro bono sex advice: When does swinging fling outside of legal bounds? And why accepting PayPal payments for kinky sex isn't such a bright idea. Sexploration offers pro bono advice to keep our readers out of jail. ›12:56, 3.07 Tories criticise Whitehall bonuses: The government is criticised by the Tories after it was revealed civil servants banked more than £128m in bonuses. ›23:11, 05.07 All-rounder: Farewell to the inventor of the mini-roundabout ›09:06, 03.07 Race profiling for terrorism probes?: The Justice Department is considering letting the FBI investigate Americans without any evidence of wrongdoing, relying instead on a terrorist profile that could single out Muslims, Arabs or other racial and ethnic groups. ›22:43, 2.07 |
