Boombustology

Author : Vikram Mansharamani
Publisher : John Wiley & Sons
Page : 384 pages
File Size : 48,9 Mb
Release : 2019-04-23
Category : Business & Economics
ISBN : 9781119575627

Get Book

Boombustology by Vikram Mansharamani Pdf

The new, fully-updated edition of the respected guide to understanding financial extremes, evaluating investment opportunities, and identifying future bubbles Now in its second edition, Boombustology is an authoritative, up-to-date guide on the history of booms, busts, and financial cycles. Engaging and accessible, this popular book helps investors, policymakers, and analysts navigate the radical uncertainty that plagues today’s uncertain investing and economic environment. Author Vikram Mansharamani, an experienced global equity investor and prominent Harvard University lecturer, presents his multi-disciplinary framework for identifying financial bubbles before they burst. Moving beyond the typical view of booms and busts as primarily economic occurrences, this innovative book offers a multidisciplinary approach that utilizes microeconomic, macroeconomic, psychological, political, and biological lenses to spot unsustainable dynamics. It gives the reader insights into the dynamics that cause soaring financial markets to crash. Cases studies range from the 17th Century Dutch tulip mania to the more recent US housing collapse. The numerous cross-currents driving today’s markets—trade wars, inverted yield curves, currency wars, economic slowdowns, dangerous debt dynamics, populism, nationalism, as well as the general uncertainties in the global economy—demand that investors, policymakers, and analysts be on the lookout for a forthcoming recession, market correction, or worse. An essential resource for anyone interested in financial markets, the second edition of Boombustology: Adopts multiple lenses to understand the dynamics of booms, busts, bubbles, manias, crashes Utilizes the common characteristics of past bubbles to assist in identifying future financial extremes Presents a set of practical indicators that point to a financial bubble, enabling readers to gauge the likelihood of an unsustainable boom Offers two new chapters that analyze the long-term prospects for Indian markets and the distortions being caused by the passive investing boom Includes a new foreword by James Grant, legendary editor of Grant's Interest Rate Observer A comprehensive exploration of how bubbles form and why they burst, Boombustology, 2nd Edition is packed with a wealth of new and updated information for individual and institutional investors, academics, students, policymakers, risk-managers, and corporate managers alike.

Author : Vikram Mansharamani
Publisher : John Wiley & Sons
Page : 287 pages
File Size : 45,5 Mb
Release : 2011-02-08
Category : Business & Economics
ISBN : 9781118028575

Get Book

Boombustology by Vikram Mansharamani Pdf

A multi-disciplinary framework through which to spot financial bubbles before they burst. Based on a popular undergraduate seminar, entitled Financial Booms & Busts, taught by the author at Yale University, Boombustology presents a multi-disciplinary framework for identifying unsustainable booms and forthcoming busts. The magnitude of our recent financial crisis mandates a firm understanding of this phenomenon before the next crisis occurs. Boombustology provides an in-depth look at several major booms and busts and offers a solid framework for thinking about future occurrences. Examines why booms and busts are not random and can therefore be identified Focuses upon various theoretical and disciplinary lenses useful in the study of booms and busts Contains a framework for thinking about and identifying forthcoming financial bubbles including several tell-tale indicators of a forthcoming bust. Illustrates the framework in action by evaluating China as a potential bubble in the making. If you want to make better decisions in today’s turbulent investment environment, understanding the dynamics of booms and busts is the best place the start. Boombustology can help you achieve this elusive goal. Vikram Mansharamani is a Lecturer at Yale University and a global equity investor.

Author : William Quinn,John D. Turner
Publisher : Cambridge University Press
Page : 297 pages
File Size : 49,5 Mb
Release : 2020-08-06
Category : Business & Economics
ISBN : 9781108421256

Get Book

Boom and Bust by William Quinn,John D. Turner Pdf

Why do stock and housing markets sometimes experience amazing booms followed by massive busts and why is this happening more and more frequently? Boom and Bust reveals why bubbles happen, and why some bubbles have catastrophic economic, social and political consequences, whilst others have actually benefited society.

Author : Vikram Mansharamani
Publisher : Harvard Business Press
Page : 176 pages
File Size : 49,8 Mb
Release : 2020-06-16
Category : Business & Economics
ISBN : 9781633699229

Get Book

Think for Yourself by Vikram Mansharamani Pdf

We've outsourced too much of our thinking. How do we get it back? Have you ever followed your GPS device to a deserted parking lot? Or unquestioningly followed the advice of an expert—perhaps a doctor or financial adviser—only to learn later that your own thoughts and doubts were correct? And what about the stories we've all heard over the years about sick patients—whether infected with Ebola or COVID-19—who were sent home or allowed to travel because busy staff people were following a protocol to the letter rather than using common sense? Why and how do these kinds of things happen? As Harvard lecturer and global trend watcher Vikram Mansharamani shows in this eye-opening and perspective-shifting book, our complex, data-flooded world has made us ever more reliant on experts, protocols, and technology. Too often, we've stopped thinking for ourselves. With stark and compelling examples drawn from business, sports, and everyday life, Mansharamani illustrates how in a very real sense we have outsourced our thinking to a troubling degree, relinquishing our autonomy. Of course, experts, protocols, and computer-based systems are essential to helping us make informed decisions. What we need is a new approach for integrating these information sources more effectively, harnessing the value they provide without undermining our ability to think for ourselves. The author provides principles and techniques for doing just that, empowering readers with a more critical and nuanced approach to making decisions. Think for Yourself is an indispensable guide for those looking to restore self-reliant thinking in a data-driven and technology-dependent yet overwhelmingly uncertain world.

Author : Vikram Mansharamani
Publisher : Outfox Publishing
Page : 199 pages
File Size : 44,6 Mb
Release : 2024-01-22
Category : Biography & Autobiography
ISBN : 9798989730421

Get Book

The Making of a Generalist by Vikram Mansharamani Pdf

“Frustrated with our polarized culture? Take this incredibly fun ride through the life of modern day Renaissance man Vikram Mansharamani to appreciate a simple solution—open-minded, generalist thinking. This book is an enjoyable read that lays out a viable path to move beyond today's identity-driven, label-dominated world.” —Christopher T. Sununu, Governor; State of New Hampshire “As a modern day Indiana Jones, Vikram braves the wilds of today’s uncertain world with remarkable tenacity and a devout commitment to identifying opportunities within risks. The generalist approach he models can help each of us create a better future for ourselves, our families, and quite possibly, our country.” —David Tice, President, Paul Revere Films Step into the fascinating world of Vikram Mansharamani, where the power of independent thinking takes center stage. Vikram’s remarkable journey has taken him from humble beginnings to being one of the most sought-after independent thinkers of our time in business, politics, and strategic decision-making. Filled with insights that show readers how to think and act for themselves, The Making of a Generalist reveals how Vikram learned to navigate uncertainty from a young age. As the son of two working-class immigrants who moved to rural New Jersey, Vikram balanced demanding academics while pumping gas at his dad’s garage. His parents modeled a powerful migrant mindset that shaped his worldview and taught him the importance of open-mindedness and the value of education. In school, his unbridled curiosity opened doors to an Ivy League education, a PhD from MIT, and faculty appointments at Yale and Harvard. Nothing about Vikram’s journey to the top was linear or easy. As a generalist in a world of specialists, he often watched his ideas get dismissed by experts brimming with overconfident certainty. But Vikram resisted the herd, embraced multi-dimensional thinking, and regularly spotted what experts missed. Vikram’s life shows how anyone can find unconventional success through an intentional focus on breadth over depth—the lynchpin to being an effective generalist. Written with heart-warming candor, The Making of a Generalist empowers readers to embrace challenges and view uncertainty as a gift of opportunity.

Author : Anonim
Publisher : Laissez Faire Books
Page : 123 pages
File Size : 51,8 Mb
Release : 2024-06-16
Category : Electronic
ISBN : 9781621290483

Get Book

The Failure of Common Knowledge (LFB) by Anonim Pdf

Author : Murray Sabrin
Publisher : Unknown
Page : 0 pages
File Size : 40,9 Mb
Release : 2021-10-05
Category : Business & Economics
ISBN : 1637423640

Get Book

Navigating the Boom/Bust Cycle by Murray Sabrin Pdf

Will Your Business Be Prepared When the Bubble Bursts? Sabrin's book is a must guide for corporate executives, managers, and business owners, for any size company; and for MBA students and executives in professional education programs and seminars to assist them better manage their companies during the boom-bust cycle. The business cycle in the United States has been characterized booms and busts for decades. But how can corporate executives and their firms not just survive--but also thrive--when economic bubbles burst? And how can small business owners steer their companies during the business cycle so they too can thrive and survive. This book is designed to give them tools and strategies to do that. After that grounding in fundamentals, readers are given specific tools and strategies that entrepreneurs and executives can use to help their companies prepare for when the next bubble bursts.

Author : Andrew Smithers
Publisher : Oxford University Press
Page : 216 pages
File Size : 54,6 Mb
Release : 2022-03-10
Category : Business & Economics
ISBN : 9780192662712

Get Book

The Economics of the Stock Market by Andrew Smithers Pdf

The current consensus economic model, the neoclassical synthesis, depends on aprioristic assumptions that are shown to be invalid when tested against the data and fails to include finance. Economic policy based on this consensus has led to the financial crisis of 2008, the 'Great Recession' that followed, and the slow subsequent rate of growth. In The Economics of the Stock Market, Andrew Smithers proposes a model that is robust when tested, and by including the impact of the stock market on the economy, overcomes both these defects. The faults of the current consensus model are shown to result typically from an unscientific methodology in which assumptions are held to be valid despite their incompatibility with data evidence. Smithers demonstrates examples of these faults: the Miller/Modigliani Theorem (the assumption that leverage does not affect the value of produced capital assets); the assumption that short-term and long-term interest rates, and the cost of equity capital, are co-determined; and the assumption that the decisions of corporate managements aim to maximise the present value of corporate assets ('profit maximisation') rather than the value determined by the stock market. The Economics of the Stock Market proposes a model that includes and explains the stationarity of real returns on equity, based on the interaction of the differing utility preferences of the managers of companies and the owners of financial capital. These claims are highly controversial, and Smithers proposes that the relative merits of the neoclassical synthesis and this proposed alternative can only be properly considered through public debate.

Author : Steven G. Mandis
Publisher : Harvard Business Press
Page : 256 pages
File Size : 50,6 Mb
Release : 2013-09-10
Category : Business & Economics
ISBN : 9781422194201

Get Book

What Happened to Goldman Sachs by Steven G. Mandis Pdf

This is the story of the slow evolution of Goldman Sachs—addressing why and how the firm changed from an ethical standard to a legal one as it grew to be a leading global corporation. In What Happened to Goldman Sachs, Steven G. Mandis uncovers the forces behind what he calls Goldman’s “organizational drift.” Drawing from his firsthand experience; sociological research; analysis of SEC, congressional, and other filings; and a wide array of interviews with former clients, detractors, and current and former partners, Mandis uncovers the pressures that forced Goldman to slowly drift away from the very principles on which its reputation was built. Mandis evaluates what made Goldman Sachs so successful in the first place, how it responded to pressures to grow, why it moved away from the values and partnership culture that sustained it for so many years, what forces accelerated this drift, and why insiders can’t—or won’t—recognize this crucial change. Combining insightful analysis with engaging storytelling, Mandis has written an insider’s history that offers invaluable perspectives to business leaders interested in understanding and managing organizational drift in their own firms.

Author : Thomas A. King
Publisher : John Wiley & Sons
Page : 260 pages
File Size : 42,9 Mb
Release : 2011-02-17
Category : Business & Economics
ISBN : 9781118044612

Get Book

More Than a Numbers Game by Thomas A. King Pdf

The world certainly suffers no shortage of accounting texts. The many out there help readers prepare, audit, interpret and explain corporate financial statements. What has been missing is a book offering context and discussion for divisive issues such as taxes, debt, options, and earnings volatility. King addresses the why of accounting instead of the how, providing practitioners and students with a highly readable history of U.S. corporate accounting. More Than a Numbers Game: A Brief History of Accounting was inspired by Arthur Levitt's landmark 1998 speech delivered at New York University. The Securities and Exchange Commission chairman described the too-little challenged custom of earnings management and presaged the breakdown in the US corporate accounting three years later. Somehow, over a one-hundred year period, accounting morphed from a tool used by American railroad managers to communicate with absent British investors into an enabler of corporate fraud. How this happened makes for a good business story. This book is not another description of accounting scandals. Instead it offers a history of ideas. Each chapter covers a controversial topic that emerged over the past century. Historical background and discussion of people involved give relevance to concepts discussed. The author shows how economics, finance, law and business customs contributed to accounting's development. Ideas presented come from a career spent working with accounting information.

Author : Robert Greene
Publisher : Profile Books
Page : 612 pages
File Size : 40,8 Mb
Release : 2012-11-19
Category : Business & Economics
ISBN : 9781847653314

Get Book

Mastery by Robert Greene Pdf

'Machiavelli has a new rival, and Sun-tzu had better watch his back' - New York Times Around the globe, people are facing the same problem - that we are born as individuals but are forced to conform to the rules of society if we want to succeed. To see our uniqueness expressed in our achievements, we must first learn the rules - and then how to change them completely. Charles Darwin began as an underachieving schoolboy, Leonardo da Vinci as an illegitimate outcast. The secret of their eventual greatness lies in a 'rigorous apprenticeship': by paying close and careful attention, they learnt to master the 'hidden codes' which determine ultimate success or failure. Then, they rewrote the rules as a reflection of their own individuality, blasting previous patterns of achievement open from within. Told through Robert Greene's signature blend of historical anecdote and psychological insight and drawing on interviews with world leaders, Mastery builds on the strategies outlined in The 48 Laws of Power to provide a practical guide to greatness - and how to start living by your own rules. From the internationally bestselling author of The 48 Laws of Power, The Art Of Seduction, and The 33 Strategies Of War.

Author : Sidney Homer
Publisher : New Brunswick, N.J. : Rutgers University Press
Page : 640 pages
File Size : 51,9 Mb
Release : 1977
Category : Business & Economics
ISBN : 0813508401

Get Book

A History of Interest Rates by Sidney Homer Pdf

"A History of Interest Rates, Fourth Edition presents a readable account of interest rate trends and lending practices spanning over four millennia of economic history. Filled with in-depth insights and illustrative charts and tables, this unique resource provides a broad perspective on interest rate movements - from which financial professionals can evaluate contemporary interest rate and monetary developments - and applies analytical tools, such as yield-curve averaging and decennial averaging, to the data available." "A History of Interest Rates, Fourth Edition offers a highly detailed analysis of money markets and borrowing practices in major economies. It places the rates and corresponding credit forms in context by summarizing the political and economic events and financial customs of particular times and places." "To help you stay as current as possible, this revised and updated Fourth Edition contains a new chapter of contemporary material as well as added discussions of interest rate developments over the past ten years."--BOOK JACKET.

Author : Sameer Rastogi
Publisher : Zorba Books
Page : 178 pages
File Size : 51,6 Mb
Release : 2017-06-10
Category : Business & Economics
ISBN : 9789386407481

Get Book

Say Goodbye To the Herd Mentality – your guide to sensible investment practices by Sameer Rastogi Pdf

Are you interested in the stock market? Do you plan to start investing in it? Or have you burned your fingers in the real estate through rash decisions or wrong advice? Have you been swayed by hype and ads that lure you with the promise of quick riches? Well, then, Madness of the Masses is a book you must read. History has proved time and again how get-rich- quick offers have fallen flat, leaving investors in a state of financial ruin. However, we never seem to learn from history. When the next exciting scheme to get rich comes along, we fall for it all over again, leaving us in financial ruin, while the perpetrators of the scams, more often than not, laugh their way to the banks. These boom and bust cycles continue century after century. In this book, author Sameer Rastogi makes a compelling case for how human greed and envy propel us towards financial ruin. He says, “I have witnessed investor emotions and biases during Booms and Depressions. With experience, I realized that most of the investor questions and investor biases didn’t have practical answers in pure investment research. It required out-of- the-box thinking. It required analysis of investor behaviour at large. It required a study of emotional forces like greed and fear… For investment success, the EQ of each investor proved to be worth its weight in gold. Also, high investment IQ alone didn’t necessary translate into higher investment profits.” Unlike most dry finance books, Madness of the Masses is peppered with interesting anecdotes from history detailing scams through the ages, making it a thought-provoking, fascinating read. A definite must-read for investors and potential investors as there is a lesson for each of us. The author says, “The bubbles and scams are not new. They have been in existence since the time humans have been greedy, jealous and fearful. The madness of the masses is here to stay. It is up to individuals to learn from the past and stand apart from the crowd.” Section 1 Historical evidences of our vulnerability to Investment Bubbles and Scams 1. History is a great teacher, but we are not good students 2. Tulip Mania – How an entire nation went nuts over flower bulbs (circa 1637) 3. Mississippi Company Bubble – Anybody can get rich quick in France (circa 1717) 4. The South Sea Company – The Great Greed of Great Britain (circa 1721) 5. Railway Mania – The Gravy Train (circa 1845) 6. Florida Land Boom – Man-less Land for the Landless Man (circa 1925) 7. The Great Storm before The Great Depression (circa 1929) 8. Japanese Asset Bubble (circa 1986) 9. The Great Indian Thugs and their Tricks a. PACL Scam b. Saradha Scam c. Stock Market and Banking Scam by Harshad Mehta & Ketan Parekh d. Home Trade e. Teak Plantation f. EMU Mania g. Scams of Real Estate h. ….And some more jaw dropping scams Section 2 Causes of Asset Bubbles and Scams 10. The Power of Greed 11. The Power of Envy 12. The Power of Patterns Section 3 Identifying a Bubble or a Scam, and Avoiding it 13. Avoiding the Scams 14. Avoiding the Asset Bubbles 15. Some Strange but Worthy Indicators of Gauging a Bubble a. Industry becomes the first choice for career seekers. b. Bigger and taller skyscrapers. c. Art sales are frontpage news. d. Industry-related magazines are flying off the shelf. e. The difference between long-term and short-term fades. f. Everyone around you will be an expert. g. Financial engineering hits the roof . h. Investments are out, casinos are in. Bibliography

Author : Harold L. Vogel
Publisher : Springer
Page : 477 pages
File Size : 48,6 Mb
Release : 2018-08-16
Category : Business & Economics
ISBN : 9783319715285

Get Book

Financial Market Bubbles and Crashes, Second Edition by Harold L. Vogel Pdf

Economists broadly define financial asset price bubbles as episodes in which prices rise with notable rapidity and depart from historically established asset valuation multiples and relationships. Financial economists have for decades attempted to study and interpret bubbles through the prisms of rational expectations, efficient markets, and equilibrium, arbitrage, and capital asset pricing models, but they have not made much if any progress toward a consistent and reliable theory that explains how and why bubbles (and crashes) evolve and can also be defined, measured, and compared. This book develops a new and different approach that is based on the central notion that bubbles and crashes reflect urgent short-side rationing, which means that, as such extreme conditions unfold, considerations of quantities owned or not owned begin to displace considerations of price.

Author : Eric Sinoway,Merrill Meadow
Publisher : St. Martin's Press
Page : 288 pages
File Size : 54,6 Mb
Release : 2012-10-02
Category : Biography & Autobiography
ISBN : 9781250015624

Get Book

Howard's Gift by Eric Sinoway,Merrill Meadow Pdf

This work offers wonderful wisdom for navigating the inflection points in our lives." -- Mehmet Oz, MD An iconic teacher. A warm friend. A generous mentor. For more than 40 years, Howard Stevenson has been a towering figure at Harvard Business School: the man who literally defined entrepreneurship and taught thousands of the world's most successful professionals. Now - spurred by Stevenson's heart-stopping brush with death - his student, colleague, and dear friend Eric Sinoway shares the man's wisdom and inspiration. Through warm and engaging conversations, we hear Howard's timeless and practical lessons on pursuing both success and fulfillment, beginning with: - Create a vision of your own legacy through a process called "business planning for life." - Be entrepreneurial in driving your career ahead (even if you're not an entrepreneur). - Exploit the inflection points in your life - whether "friend," "foe," or "silent." - Cut risk in tough career and life decisions by shining the "light of predictability" on them. - Plan for the ripples, not just the splash from your actions and choices. Reading Howard's Gift is like having a wise, caring friend sit down and say, "Let's figure all this out together." And the deeply personal perspectives from guest contributors - such as CNN correspondent Soledad O'Brien, Teach for America Founder Wendy Kopp, two-time Super Bowl Champion Carl Banks, and legendary MTV Founder Bob Pittman - reinforce the practical lessons in this clear-sighted book that will help readers "define success in their own terms," and "live a life with no regrets.