“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

Each year we pay billions in fees to those who run our financial system. The money comes from our bank accounts, our pensions, our borrowing, and often we aren’t told that the money has been taken. These billions may be justified if the finance industry does a good job, but as this book shows, it too often fails us. Financial institutions regularly place their business interests first, charging for advice that does nothing to improve performance, employing short-term buying strategies that are corrosive to building long-term value, and sometimes even concealing both their practices and their investment strategies from investors. In their previous prizewinning book, The New Capitalists, the authors demonstrated how ordinary people are working together to demand accountability from even the most powerful corporations. Here they explain how a tyranny of errant expertise, naive regulation, and a misreading of economics combine to impose a huge stealth tax on our savings and our economies. More important, the trio lay out an agenda for curtailing the misalignments that allow the financial industry to profit at our expense. With our financial future at stake, this is a book that analysts, economists, policy makers, and anyone with a retirement nest egg can’t afford to ignore.

One of the most important functions of government—risk management—is one of the least well understood. Moving beyond familiar public functions—spending, taxation, and regulation—Moss spotlights government's pivotal role as a risk manager, revealing the nature and extent of this function, which touches almost every aspect of economic life.

You Can Prosper in Times of Economic Crisis! This book takes the mystery out of money management by combining biblical laws with sound financial management principles, and easy-to-use tools to equip you to thrive in any economic climate. Follow this straightforward, common-sense approach to achieve your financial success. When all the money was spent in the land of Egypt, all the people came to Joseph, and said, "Give us bread, for why should we die in your presence? For our money fails." (Genesis 47:15) Today we too are in the midst of an economic crisis-a global pandemic of financial illiteracy resulting in broken families, dependency on predatory lending, health issues, mental issues, bankruptcy, foreclosures, divorces, and homelessness. Sadly, due to the lack of financial education, young adults generally adopt the patterns of their community with little or no chance of breaking that cycle, hence becoming a generational pandemic. Using easy to follow instructions When Money Fails show you: How your money and finances not only play a role in your day-to-day life but how it relates to God's plan How to become a better manager and steward of your money Tools needed to live above crisis-to live crisis-ready A step-by-step plan for growing in abundance and for living an extraordinary life on every level There is an ever-present need for financial literacy and this book is spot on for information and direction. Don't be left in the dark with your financial future, come out of the enemy's kingdom and let When Money Fails bring you into the light.

High tech near-future mercenaries Ripple Creek Security must protect an obnoxious world government minister from the scores of enemies who want her dead¾and killed in the worst possible way. Alex Marlow and Ripple Creek Security's best personal security detail return to action. This time, they really don't like their principal, World Bureau Minister Joy Herman Highland¾a highly placed bureaucrat with aspirations to elected office. But Highland's would-be assassins are up against the best security in the business¾and Ripple Creek has no qualms about seeing their own explosions on galactic news. In fact, they kind of enjoy it. At the publisher's request, this title is sold without DRM (Digital Rights Management).

This book by prophecy student Mary Stewart Relfe contends that the ubiquitous Universal Bar Code fits the specifications for the so-called "Mark of the Beast" prophecied by the apostle John in the book of Revelation.