Here´s how entrepreneurs find the next big thing - and make it huge. The era of easy money and easy jobs is officially over. Today, we´re all entrepreneurs, and the tides of change threaten to capsize anyone who plays it safe. Taking risks is the name of the game - but how can you tell a smart bet from a stupid gamble? Andy Kessler has made a career out of seeing the future of business, as an analyst, investment banker, venture capitalist, and hedge-fund manager. He evaluated the business potential of the likes of Steve Jobs and Michael Dell before they were Steve Jobs and Michael Dell. His eye for what´s next is unparalleled. Now Kessler explains how the world´s greatest entrepreneurs don´t just start successful companies - they overturn entire industries. He offers 12 surprising and controversial rules for these radical entrepreneurs, such as: Eat people: Get rid of worthless jobs to create more wealth for everybody Create artificial scarcity for virtual goods Trust markets to make better decisions than managers Whether you´re at a big corporation or running a small business, you´re now an entrepreneur. Will you see change coming and grab on to opportunity - or miss the boat? ungekürzt. Language: English. Narrator: Walter Dixon. Audio sample: http://samples.audible.de/bk/gdan/000503de/bk_rhde_002536_sample.mp3. Digital audiobook in aax.
Why is America living in an age of profound economic inequality? Why, despite the desperate need to address climate change, have even modest environmental efforts been defeated again and again? Why have protections for employees been decimated? Why do hedge-fund billionaires pay a far lower tax rate than middle-class workers? The conventional answer is that a popular uprising against ´´big government´´ led to the rise of a broad-based conservative movement. But as Jane Mayer shows in this powerful, meticulously reported history, a network of exceedingly wealthy people with extreme libertarian views also played a key role by bankrolling a systematic, step-by-step plan to fundamentally alter the American political system. The network has brought together some of the richest people on the planet, foremost among them Charles and David Koch. Their core beliefs - that taxes are a form of tyranny; that government oversight of business is an assault on freedom - are sincerely held. But these beliefs also advance their personal and corporate interests: Many of their companies have run afoul of federal pollution, worker safety, securities, and tax laws. When libertarian ideas proved decidedly unpopular with voters, the Koch brothers and their allies decided on another path. If they pooled their vast resources, they could fund an interlocking array of organizations that could work in tandem to influence and ultimately control academic institutions, think tanks, the courts, statehouses, Congress, and, they hoped, the presidency. The political operatives the network employs are disciplined, smart, and at times ruthless. And their efforts have been remarkably successful. Libertarian views on taxes and regulation, once far outside the mainstream and still rejected by most Americans, are ascendant in the majority of state governments, the Supreme Court, and Congress. Meaningful environmental, labor, finance, and tax reform have been stymied. J... ungekürzt. Language: English. Narrator: Kirsten Potter. Audio sample: http://samples.audible.de/bk/rand/004429de/bk_rhde_002536_sample.mp3. Digital audiobook in aax.
Value-at-Risk (VaR) is a powerful toolfor assessing market risk in real time-a critical insight when making trading andhedging decisions. The VaR Modeling Handbook is the most complete, up-to-date reference onthe subject for today´s savvy investors, traders,portfolio managers, and other asset and riskmanagers. Unlike market risk metrics such as the Greeks,or beta, which are applicable to only certainasset categories and sources of market risk,VaR is applicable to all liquid assets, makingit a reliable indicator of total market risk. Forthis reason, among many others, VaR has becomethe dominant method for estimatingprecisely how much money is at risk each dayin the financial markets. The VaR Modeling Handbook is a profoundvolume that delivers practical informationon measuring and modeling risk specificallyfocused on alternative investments, banking,and the insurance sector. The perfect primerto The VaR Implementation Handbook (McGraw-Hill), this foundational resource features The experience of 40 internationallyrecognized experts Useful perspectives from a widerange of practitioners, researchers,and academics Coverage on applying VaR to hedgefund strategies, microcredit loanportfolios, and economic capitalmanagement approaches for insurancecompanies Each illuminating chapter in The VaR ModelingHandbook presents a specific topic, completewith an abstract and conclusion for quick reference, as well as numerous illustrations thatexemplify covered material. Practitioners cangain in-depth, cornerstone knowledge of VaRby reading the handbook cover to cover ortake advantage of its user-friendly format byusing it as a go-to resource in the real world. Financial success in the markets requires confidentdecision making, and The VaR ModelingHandbook gives you the knowledge you needto use this state-of-the-art modeling methodto successfully manage financial risk.
Poor Economics:Barefoot Hedge-fund Managers, DIY Doctors and the Surprising Truth about Life on Less than $1 a Day Penguin Press Abhijit Banerjee, Esther Duflo
A provocative and lively exploration of the increasingly important world of macroeconomics, by the author of the bestselling The Undercover Economist. Thanks to the worldwide financial upheaval, economics is no longer a topic we can ignore. From politicians to hedge-fund managers to middle-class IRA holders, everyone must pay attention to how and why the global economy works the way it does. Enter Financial Times columnist and best-selling author Tim Harford. In this new book that demystifies macroeconomics, Harford strips away the spin, the hype, and the jargon to reveal the truth about how the world¿s economy actually works. With the wit of a raconteur and the clear grasp of an expert, Harford explains what¿s really happening beyond today¿s headlines, why all of us should care, and what we can do about it to understand it better. ungekürzt. Language: English. Narrator: Cameron Stewart, Gavin Osborne. Audio sample: http://samples.audible.de/bk/peng/002280de/bk_rhde_002536_sample.mp3. Digital audiobook in aax.
The Buy Side, by former Galleon Group trader Turney Duff, portrays an after-hours Wall Street culture where drugs and sex are rampant and billions in trading commissions flow to those who dangle the most enticements. A remarkable writing debut, filled with indelible moments, The Buy Side shows as no book ever has the rewards – and dizzying temptations – of making a living on the Street. Growing up in the 1980’s Turney Duff was your average kid from Kennebunk, Maine, eager to expand his horizons. After trying – and failing – to land a job as a journalist, he secured a trainee position at Morgan Stanley and got his first feel for the pecking order that exists in the trading pits. Those on the ´´buy side,” the traders who make large bets on whether a stock will rise or fall, are the ´´alphas” and those on the ´´sell side,” the brokers who handle their business, are eager to please.How eager to please was brought home stunningly to Turney in 1999 when he arrived at the Galleon Group, a colossal hedge-fund management firm run by secretive founder Raj Rajaratnam. Finally in a position to trade on his own, Turney was encouraged to socialize with the sell side and siphon from his new broker friends as much information as possible. Soon he was not just vacuuming up valuable tips but also being lured into a variety of hedonistic pursuits. Naive enough to believe he could keep up the lifestyle without paying a price, he managed to keep an eye on his buy-and-sell charts and, meanwhile, pondered the strange goings on at Galleon, where tens of millions were being made each week in sometimes mysterious ways.At his next positions, at Argus Partners and J.L. Berkowitz, Turney climbed to even higher heights – and, as it turned out, plummeted to even lower depths - as, by day, he solidified his reputation one of the Street’s most powerful healthcare traders, and by night, he blazed a path through the... ungekürzt. Language: English. Narrator: Turney Duff. Audio sample: http://samples.audible.de/bk/rand/003544de/bk_rhde_002536_sample.mp3. Digital audiobook in aax.
An explosion rips through New York City´s Grand Central Station one morning, destroying the train Karen Friedman´s husband, a successful hedge-fund manager, is riding in to work. Days later, with many bodies still unidentifiable, Karen resigns herself to the awful truth: her husband of 18 years is dead.On that same day, a suspicious hit-and-run accident leaves a young man dead in Karen´s hometown of Greenwich, Connecticut. Ty Hauck, a detective, becomes emotionally caught up in the case and finds a clue that shockingly connects the two seemingly unrelated events.Months later, two men show up at Karen´s home digging into Charles´s business dealings. Hundreds of millions of dollars are missing - and the trail points squarely to Charles. With doubt suddenly cast on everything she has ever known, Karen, with Hauck, steps into a widening storm of hedge-fund losses, international scams, and murder. And as the investigations converge, these two strangers touched by tragedy are pulled into a deepening relationship and unwittingly open the door to a twisted - and deadly - conspiracy. With its breakneck pacing, plentiful twists, compelling characters, and abundant heart, The Dark Tide confirms Andrew Gross´ place as a master storyteller at the top of his game. ungekürzt. Language: English. Narrator: Melissa Leo. Audio sample: http://samples.audible.de/bk/harp/001616de/bk_rhde_002536_sample.mp3. Digital audiobook in aax.
From Mark Mills, author of the award-winning THE SAVAGE GARDEN comes THE LONG SHADOW, a first-class thriller in the vein of Robert Harris and William Boyd. Blood brothers or sworn enemies? You never forget what the fight was about... THE LONG SHADOW is a stunning depiction of resentment and revenge.Ben Makepeace has barely thought of Jacob since school. What he remembers is a competitive, manipulative boy, impinging on his life. Now Ben is the wrong side of forty with a young son to support and in need of a backer. A call to meet hedge-fund billionaire Victor Sheldon is promising, but there´s a surprise in store - Victor is Jacob, now firmly entrenched in a gilded world of riches and glamour. History can cast a long shadow and while Ben believes his childhood is well over, he soon discovers the roots of the past dig deep.
The sub-prime mortgage crisis is only the beginning; a more profound economic and political restructuring is on its way.According to Charles R. Morris, the astronomical leverage at investment banks, with their hedge-fund and private-equity clients, virtually guarantees massive disruption in global markets. A quarter century of free-market zealotry that extolled asset striping, abusive lending, and hedge-fund secrecy will come crashing down with it.The Trillion Dollar Meltdown explains how we got here, and what is about to happen. ungekürzt. Language: English. Narrator: Nick Summers. Audio sample: http://samples.audible.de/bk/pnix/000070de/bk_rhde_002536_sample.mp3. Digital audiobook in aax.
Ugly Americans is the true story of John Malcolm, a Princeton graduate who traveled halfway around the world in search of the American dream and pulled off a trade that could be described as the biggest deal in the history of the financial markets.Without speaking a word of Japanese, with barely a penny in his pocket, Malcolm was thrown into the bizarre life of an ex-pat trader. Surrounded by characters ripped right out of a Hollywood thriller, he quickly learned how to survive in a cutthroat world, at the feet of the biggest players the markets have ever known.Malcolm was first an assistant trading huge positions for Nick Leeson, the rogue trader who brought down Barings Bank, the oldest in England. He was the right-hand man to an enigmatic and brilliant hedge-fund cowboy, Dean Carney, and grew into one of the biggest derivatives traders in all of Asia. Along the way, Malcolm fell in love with the daughter of a Yakuza gangster, built a vast fortune out of thin air, and came head to head with violent Japanese mobsters. Malcolm and his twentysomething, Ivy League-schooled colleagues rode the crashing waves of the Asian markets during the mid-to late 1990s, culminating in a single deal the likes of which had never been seen before, or since.A real-life mixture of Liar´s Poker and Wall Street, brimming with intense action, romance, underground sex, vivid locales, and exotic characters, Ugly Americans is the untold, true story that will rock the financial community and redefine an era. Language: English. Narrator: Ben Mezrich. Audio sample: http://samples.audible.de/bk/harp/000775de/bk_rhde_002536_sample.mp3. Digital audiobook in aax.
In Blowout, Former Senator Byron L. Dorgan and acclaimed novelist David Hagberg collaborate on a high-concept thriller about America’s dangerous addiction to foreign oil. America is on the brink of crisis. Unless we can curb our dangerous appetite for foreign oil, petroleum-rich countries and speculators will bring our economy to its knees… long before CO2 emissions will devastate our ecosystem. The President has answered the call with the Dakota District Initiative, a top-secret research team hidden deep in the Badlands of North Dakota. The Initiative is developing a way to produce clean energy from coal. But powerful enemies will stop at nothing to sabotage this revolutionary technology. A cadre of oil hedge-fund managers hires a crew of mercenary fanatics to attack the Initiative’s experimental power station. Despite the bloody assault, the research continues as war-hero sheriff Nate Osborne and brash journalist Ashley Borden search for the attackers. The stakes couldn’t be higher: Unless the Initiative succeeds, we could be faced with gasoline at $20 per gallon or more, putting an impossible strain on an already fragile economy. If the project fails, we will continue to poison the very air we breathe. Either way, the Badlands will run red with blood. ungekürzt. Language: English. Narrator: Peter Berkrot. Audio sample: http://samples.audible.de/bk/aren/001399de/bk_rhde_002536_sample.mp3. Digital audiobook in aax.
Hollywood Stylist to the stars Zoey Witherspoon has stepped it up a bit and is now a Bond Girl-in-the-making. But on her way to establish a Milan office for her international celebrity clientele, she ends up at the wrong end of a Glock. And this isn´t just any Glock. It´s one held to her chest by her future Granny-in-law who also happens to have some big-time Italian Mob issues. Prince Roman Bellesconi of Italy´s Royal House of Savoy may have brought down Ponzi-scheming King Bernard McCall, but Bernie´s vast hedge-fund fraud rings are still going strong and threaten to ruin Roman´s family´s monarchy. If Roman and Zoey, along with the help of The Mom Squad and a pot-bellied pig, can´t figure out where all the cozy cash is hidden, Roman´s family may not live long enough to save their monarchy´s reign. ungekürzt. Language: English. Narrator: Davis Sound, LLC. Audio sample: http://samples.audible.de/bk/acx0/010499de/bk_rhde_002536_sample.mp3. Digital audiobook in aax.