Struggle and Survival on Wall Street

Struggle and Survival on Wall Street
Author: John O. Matthews
Publisher: Oxford University Press, USA
Total Pages: 286
Release: 1994
Genre: Securities industry
ISBN: 0195050630

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The most important decisions firms make concern the methods of entry into these lines of business. Those firms that successfully innovate and adapt their organizations are in the best position to deal with both domestic and international competition.

Uninvested

Uninvested
Author: Bobby Monks
Publisher: Penguin
Total Pages: 194
Release: 2015-08-04
Genre: Business & Economics
ISBN: 0698406281

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Bobby Monks is blowing the whistle on Wall Street, giving middle class Americans the low down on how they’re being fleeced of their retirement money—and what they can do about it Every month our financial statements arrive, and every month we glance at them, trying to understand, hoping that we’ll come out ahead. But most of us have no idea what’s really going on or the costs involved. According to Bobby Monks—who has been a banker and borrower, investor and entrepreneur—financial firms and money managers have complicated the investing process to keep us in the dark, profiting from our ignorance. Having dealt with the financial sector throughout his career, Monks has seen it all. In Uninvested, he reveals how, when, and why the relationship between us and our money managers became corrupted—and what we can do to fix it. Monks shows how the system works not only against us as individuals but also against society at large. Without our knowledge or approval, our money is diverted into the pockets of CEOs and misappropriated, promoting business practices that contribute to economic inequality, political dysfunction, and environmental woe. Monks’ experiences give him a unique perspective on how we got to this point. Drawing on original research and interviews with key figures such as Vanguard founder Jack Bogle, legendary investor Carl Icahn, and former congressman Barney Frank of the Dodd-Frank Act, Monks teaches us how to take back ownership and control of our money. As he writes: Even in the decades preceding the most recent downturn, very few investors enjoyed financial success equal to that of their money managers. Given this, I have long wondered why investors don’t pull their money out of the system en masse. I suspect that it is because most feel powerless. Unaware of the implications of their investments and unable to penetrate the excruciating complexity of the system that facilitates them, many seem to seek refuge in their money managers’ aura of sophistication, pretense of competence, and projection of certainty. It seems to me that most investors are simply sleepwalking through the investing process. They have become uninvested. When we outsource our investing, we sacrifice control—but not responsibility. My goal in writing this book is to convince you that the best (and only) way to fix this broken system is to awaken a critical mass of engaged investors and recruit them to participate more fully in the investing process.

Liquidated

Liquidated
Author: Karen Ho
Publisher: Duke University Press
Total Pages: 390
Release: 2009-07-13
Genre: Social Science
ISBN: 0822391376

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Financial collapses—whether of the junk bond market, the Internet bubble, or the highly leveraged housing market—are often explained as the inevitable result of market cycles: What goes up must come down. In Liquidated, Karen Ho punctures the aura of the abstract, all-powerful market to show how financial markets, and particularly booms and busts, are constructed. Through an in-depth investigation into the everyday experiences and ideologies of Wall Street investment bankers, Ho describes how a financially dominant but highly unstable market system is understood, justified, and produced through the restructuring of corporations and the larger economy. Ho, who worked at an investment bank herself, argues that bankers’ approaches to financial markets and corporate America are inseparable from the structures and strategies of their workplaces. Her ethnographic analysis of those workplaces is filled with the voices of stressed first-year associates, overworked and alienated analysts, undergraduates eager to be hired, and seasoned managing directors. Recruited from elite universities as “the best and the brightest,” investment bankers are socialized into a world of high risk and high reward. They are paid handsomely, with the understanding that they may be let go at any time. Their workplace culture and networks of privilege create the perception that job insecurity builds character, and employee liquidity results in smart, efficient business. Based on this culture of liquidity and compensation practices tied to profligate deal-making, Wall Street investment bankers reshape corporate America in their own image. Their mission is the creation of shareholder value, but Ho demonstrates that their practices and assumptions often produce crises instead. By connecting the values and actions of investment bankers to the construction of markets and the restructuring of U.S. corporations, Liquidated reveals the particular culture of Wall Street often obscured by triumphalist readings of capitalist globalization.

Wall Street to Rags and Back

Wall Street to Rags and Back
Author: Lawrence McCann
Publisher: Independently Published
Total Pages: 167
Release: 2020-09-22
Genre:
ISBN:

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What happens when you're soaring high at the top of the stock market game and you suddenly lose everything...including your family, your home, your money, and your dignity? A thirty five year old Wall Street mogul discovers life at the other side of the looking glass when he is rendered homeless in New York City by his jealous peers. He's at the lowest of the low and is playing with the idea of suicide. Then, when it feels like all hope is lost, a chance meeting changes his life forever. A group of homeless people befriend the broken investor and start to help him get back on his feet. Inch by inch he began to crawl towards success again and leave ruin behind. There's one problem though. His old "friends" from Wall Street are still on the prowl trying to sabotage his last chance at a new beginning. Will he rise above this critical struggle and make a glorious comeback? Or will he fall miserably again at the hands of his wealthy enemies? Everything's at stake in this financial frenzy that will have you on the edge of your seat from start to finish. Find out his fate in this gripping page turner that documents one man's fight for survival against impossible odds on the frozen winter streets of Manhattan.

Success and Survival on Wall Street

Success and Survival on Wall Street
Author: Charles W. Smith
Publisher: Rowman & Littlefield
Total Pages: 238
Release: 1999
Genre: Biography & Autobiography
ISBN: 9780742516878

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This book takes the reader on an insider's tour of the psychology of stock market investing. In more than 3,000 hours of interviews and observations, Smith granted some of the most famous insiders on Wall Street the protection of anonymity to procure their deepest and most frank views on the operation of the market. Their words are heard here in vivid and often surprising detail. What emerges is a startling portrait of how the prejudices of six different types of players -- fundamentalists, insiders, cyclists, traders, efficient market believers, and transformational idea adherents -- influence the ups and downs of the market. Smith explains how new trends, such as computer trading and mutual and retirement fund investing, interact with these psychologies -- drawing a remarkable picture of how market behavior is inherently more human than technical.

Dead Bank Walking

Dead Bank Walking
Author: Robert H. Smith
Publisher: OakHill Press
Total Pages: 0
Release: 1999
Genre: Bank mergers
ISBN: 9781886939332

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Smith, the former chairman and CEO of Security Pacific, recounts his desperate search for a merger partner that ended with Bank of America.

Confessions of a Wall Street Insider

Confessions of a Wall Street Insider
Author: Michael Kimelman
Publisher: Simon and Schuster
Total Pages: 256
Release: 2017-03-28
Genre: Business & Economics
ISBN: 1510713387

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Although he was a suburban husband and father, living a far different life than the “Wolf of Wall Street,” Michael Kimelman had a good run as the cofounder of a hedge fund. He had left a cushy yet suffocating job at a law firm to try his hand at the high-risk life of a proprietary trader — and he did pretty well for himself. But it all came crashing down in the wee hours of November 5, 2009, when the Feds came to his door—almost taking the door off its hinges. While his wife and children were sequestered to a bedroom, Kimelman was marched off in embarrassment in view of his neighbors and TV crews who had been alerted in advance. He was arrested as part of a huge insider trading case, and while he was offered a “sweetheart” no-jail probation plea, he refused, maintaining his innocence. The lion’s share of Confessions of a Wall Street Insider was written while Kimelman was an inmate at Lewisburg Penitentiary. In nearly two years behind bars, he reflected on his experiences before incarceration—rubbing elbows and throwing back far too many cocktails with financial titans and major figures in sports and entertainment (including Leonardo DiCaprio, Alex Rodriguez, Ben Bernanke, and Alan Greenspan, to drop a few names); making and losing hundreds of thousands of dollars in daily gambles on the Street; getting involved with the wrong people, who eventually turned on him; realizing that none of that mattered in the end. As he writes: “Stripped of family, friends, time, and humanity, if there’s ever a place to give one pause, it’s prison . . . Tomorrow is promised to no one.” In Confessions of a Wall Street Insider, he reveals the triumphs, pains, and struggles, and how, in the end, it just might have made him a better person. Skyhorse Publishing, along with our Arcade, Good Books, Sports Publishing, and Yucca imprints, is proud to publish a broad range of biographies, autobiographies, and memoirs. Our list includes biographies on well-known historical figures like Benjamin Franklin, Nelson Mandela, and Alexander Graham Bell, as well as villains from history, such as Heinrich Himmler, John Wayne Gacy, and O. J. Simpson. We have also published survivor stories of World War II, memoirs about overcoming adversity, first-hand tales of adventure, and much more. While not every title we publish becomes a New York Times bestseller or a national bestseller, we are committed to books on subjects that are sometimes overlooked and to authors whose work might not otherwise find a home.

House of Cards

House of Cards
Author: William D. Cohan
Publisher: Anchor
Total Pages: 610
Release: 2010-02-09
Genre: Business & Economics
ISBN: 0767930894

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A blistering narrative account of the negligence and greed that pushed all of Wall Street into chaos and the country into a financial crisis. At the beginning of March 2008, the monetary fabric of Bear Stearns, one of the world’s oldest and largest investment banks, began unraveling. After ten days, the bank no longer existed, its assets sold under duress to rival JPMorgan Chase. The effects would be felt nationwide, as the country suddenly found itself in the grip of the worst financial mess since the Great Depression. William Cohan exposes the corporate arrogance, power struggles, and deadly combination of greed and inattention, which led to the collapse of not only Bear Stearns but the very foundations of Wall Street.

Survival Investing

Survival Investing
Author: John R. Talbott
Publisher: St. Martin's Press
Total Pages: 258
Release: 2012-06-19
Genre: Business & Economics
ISBN: 113700004X

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A startling look at how unsustainable debt levels, in the US and around the world, are endangering many standard investments, and what people need to know to protect their money Most individuals and institutions hold the preponderance of their investments in common stocks, corporate bonds, mutual funds, index funds, muni bonds, money markets, bank CDs, and Treasury securities. But these conventional investments will not do well in a world dominated by corrupt, debt-laden governments and thieving bankers, brokers and middlemen. Finance guru John R. Talbott, prescient predictor of the financial crisis and the housing market crash, offers a new paradigm for the coming economic reality. He shows how the recent housing collapse and global economic crisis left governments of the world with enormous annual operating deficits at a time when the banking system continues to struggle with bad debts and requires additional government guarantees and bailouts. Add the fact that growth is constrained because the first wave of the baby boom is hitting 65 and consumers are still loaded with unsustainable levels of debt, and you have a recipe for an economic catastrophe. In this uncertain atmosphere, Talbott offers clear strategies on what you can do to protect your investments and your family. Among the global dynamics covered are: *the low-wage threat of China and India *the legitimacy of gold investing *the false security of diversification *the risks of sovereign debt . . . and why most economists are missing the boat.

Britain at Bay

Britain at Bay
Author: Alan Allport
Publisher: Vintage
Total Pages: 641
Release: 2021-10-26
Genre: History
ISBN: 1101974699

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From statesmen and military commanders to ordinary Britons, a bold, sweeping history of Britain's entrance into World War II—and its efforts to survive it—illuminating the ways in which the war permanently transformed a nation and its people “Might be the single best examination of British politics, society and strategy in these four years that has ever been written.” —The Wall Street Journal Here is the many-faceted, world-historically significant story of Britain at war. In looking closely at the military and political dimensions of the conflict’s first crucial years, Alan Allport tackles pressing questions such as whether the war could have been avoided, how it could have been lost, how well the British lived up to their own values, and ultimately, what difference the war made to the fate of the nation. In answering these questions, he reexamines our assumptions and paints a vivid portrait of the ways in which the Second World War transformed British culture and society. This bracing account draws on a lively cast of characters—from the political and military leaders who made the decisions, to the ordinary citizens who lived through them—in a comprehensible and compelling single history of forty-six million people. A sweeping and groundbreaking epic, Britain at Bay gives us a fresh look at the opening years of the war, and illuminates the integral moments that, for better or for worse, made Britain what it is today.