Speculation

Author: Stuart Banner
Publisher: Oxford University Press
ISBN: 0190623055
Format: PDF, ePub, Mobi
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What is the difference between gambling and speculation? This difficult question has posed a legal problem throughout American history. Many have argued that periodic failures by regulators to differentiate between the two have been the proximate causes of catastrophic economic downturns, including the Great Depression and the 2008 global financial crisis. In Speculation, Stuart Banner provides a sweeping history of how the fine lines separating investment, speculation, and outright gambling have shaped America from the 1790s to the present. Advocates for risky investments have long argued that risk-taking is what defines America. On the other side, critics counter that unregulated speculation results in bubbles that draw in the most ill-informed investors, creating financial chaos. The debate has been a perennial feature of American history. The Panic of 1837, the speculative boom of the roaring twenties, and the real estate bubble of the early 2000s are all emblematic of the difficulty in differentiating sober from reckless speculation. Some, chastened by the most recent crash, argue that we need to prohibit certain risky transactions, but others respond by citing the benefits of loosely governed markets and the dangers of over-regulation. Economic crises have generated deep ambivalence, yet Americans' faith in investment and the stock market has always rebounded quickly after even the most savage downturns. Speculation explores a suite of themes that sit at the heart of American history-the ability of courts and regulators to protect ordinary Americans from the ravages of capitalism; the periodic fallibility of the American economy; and the moral conundrum inherent in profiting from speculation while condemning speculators. Banner's engaging and accessible history is invaluable not only for understanding the fault lines beneath the American economy today, but American identity itself.

The Art Of Speculation

Author: Philip L. Carret
Publisher: Pickle Partners Publishing
ISBN: 1786256746
Format: PDF, ePub, Mobi
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Philip L. Carret (1896-1998) was a famed investor and founder of The Pioneer Fund (Fidelity Mutual Trust), one of the first Mutual Funds in the United States. A former Barron’s reporter and WWI aviator, Carret launched the Mutual Trust in 1928 after managing money for his friends and family. The initial effort evolved into Pioneer Investments. He ran the fund for 55 years, during which an investment of $10,000 became $8 million. Warren Buffett said of him that he had “the best long term investment record of anyone I know” He is most famous for the long successful track record he achieved investing in Common Stocks and for being one of Warren Buffett’s role models. This book comprises a series of articles written for Barron’s and published in book form in 1930.—Print Ed.

Botox Nation

Author: Dana Berkowitz
Publisher: NYU Press
ISBN: 1479825263
Format: PDF, Docs
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The American Society for Aesthetic Plastic Surgery estimates there are about two-and-a-half million Botox procedures performed annually, and that number continues to increase. The procedure is used as a preventive measure against aging and a means by which bodies, particularly women’s, can be transformed and “improved” through the appearance of youth. But why is Botox so popular, and why is aging such a terrifying concept? Botox Nation draws from engaging, in-depth interviews with Botox users and providers as well as Dana Berkowitz’s own experiences receiving the injections. The interviews reveal the personal motivations for using Botox and help unpack how anti-aging practices are conceived by, and resonate with, everyday people. Berkowitz is particularly interested in how Botox is now being targeted to younger women; since Botox is a procedure that must be continually administered to work, the strategic choice to market to younger women, Berkowitz argues, aims to create lifetime consumers. Berkowitz also analyzes magazine articles, advertisements, and even medical documents to consider how narratives of aging are depicted. She employs a critical feminist lens to consider the construction of feminine bodies and selves, and explores the impact of cosmetic medical interventions aimed at maintaining the desired appearance of youth, the culture of preventative medicine, the application of medical procedures to seemingly healthy bodies, and the growth and technological advancement to the anti-aging industry. The first in-depth social investigation into the development of Botox as a phenomenon, Botox Nation is a captivating and critical story of how norms about bodies, gender, and aging are constructed and reproduced on both cultural and individual levels.

Wheels of Fortune

Author: Charles R. Geisst
Publisher: John Wiley & Sons
ISBN: 9780471479734
Format: PDF, ePub, Docs
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Wheels of Fortune is an engaging and original story that traces therich, colorful, and often scandalous history of speculation in theU.S. financial markets. Set against a backdrop that begins prior tothe Civil War and continues through the twentieth century, renownedbusiness historian and bestselling author Charles Geisst takes youon an incredible journey that brings the personalities andstrategies behind the futures markets, and speculation in general,to life. Discover how legendary traders such as Benjamin Hutchinsoncornered the wheat market in the nineteenth century, and learn howother bold traders as well as lax regulations paved the way fortwentieth-century debacles that continue to tarnish the reputationof the CBOT, the CME, and other related institutions andmarkets. The history of the futures market, derivatives, and speculationis full of misunderstandings and false assumptions. Wheels ofFortune seeks to clarify these misconceptions by chronicling theevents and individuals that brought scandal and skepticism into themarkets, and exploring the laws and governing bodies that wereestablished to rein them in–but lacked the power to do so.

The Perfect Bet

Author: Adam Kucharski
Publisher: Basic Books
ISBN: 0465098592
Format: PDF, Mobi
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For the past 500 years, gamblers-led by mathematicians and scientists-have been trying to figure out how to pull the rug out from under Lady Luck. In The Perfect Bet, mathematician and award-winning writer Adam Kucharski tells the astonishing story of how the experts have succeeded, revolutionizing mathematics and science in the process. The house can seem unbeatable. Kucharski shows us just why it isn't. Even better, he demonstrates how the search for the perfect bet has been crucial for the scientific pursuit of a better world.

Investing Demystified

Author: Lars Kroijer
Publisher: Pearson UK
ISBN: 1292156147
Format: PDF, ePub
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Don’t spend your time worrying whether you can beat the markets: you don’t need to beat them to be a successful investor. By showing you how to build a simple and rational portfolio and tailor it to your specific needs, Investing Demystified will help you generate superior returns. With his straightforward and jargon-free advice, Lars Kroijer simplies the often complex world of finance and tells you everything you need to know – and everything that you don’t need to worry about – in order to make the most from your investments. In Investing Demystified you will: • Discover the mix of stocks, bonds and cash needed for a top performing portfolio • Learn why the most broadly diversified and simplest portfolio makes the most sense • Understand the right level of risk for you and how this affects your investments • Find out why a low cost approach will yield benefits whilst leaving you with a higher quality portfolio • Understand the implications of tax and liquidity ‘Lars Kroijer takes a refreshing look at how everyday people can improve their fortunes by taking some simple investing steps.’ Dr David Kuo, The Motley Fool ‘In a world of the next big investment fad, Lars Kroijer takes us back to the essence of smart investing: diversify, diversify, diversify. And don’t overpay for that either.’ Coenraad Vrolijk, Managing Director of Blackrock ‘An important book that debunks common myths about investing. A must-read for ordinary investors.’ Anita Raghavan, New York Times and author of “The Billionaire’s Apprentice” ‘If you only read one book on how to manage your investments, read this one.’ Benjamin Pritchett-Brown, Investment & Pensions Europe

Against the Gods

Author: Peter L. Bernstein
Publisher: John Wiley & Sons
ISBN: 0470534532
Format: PDF, ePub, Mobi
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A Business Week, New York Times Business, and USA Today Bestseller "Ambitious and readable . . . an engaging introduction to the oddsmakers, whom Bernstein regards as true humanists helping to release mankind from the choke holds of superstition and fatalism." -The New York Times "An extraordinarily entertaining and informative book." -The Wall Street Journal "A lively panoramic book . . . Against the Gods sets up an ambitious premise and then delivers on it." -Business Week "Deserves to be, and surely will be, widely read." -The Economist "[A] challenging book, one that may change forever the way people think about the world." -Worth "No one else could have written a book of such central importance with so much charm and excitement." -Robert Heilbroner author, The Worldly Philosophers "With his wonderful knowledge of the history and current manifestations of risk, Peter Bernstein brings us Against the Gods. Nothing like it will come out of the financial world this year or ever. I speak carefully: no one should miss it." -John Kenneth Galbraith Professor of Economics Emeritus, Harvard University In this unique exploration of the role of risk in our society, Peter Bernstein argues that the notion of bringing risk under control is one of the central ideas that distinguishes modern times from the distant past. Against the Gods chronicles the remarkable intellectual adventure that liberated humanity from oracles and soothsayers by means of the powerful tools of risk management that are available to us today. "An extremely readable history of risk." -Barron's "Fascinating . . . this challenging volume will help you understand the uncertainties that every investor must face." -Money "A singular achievement." -Times Literary Supplement "There's a growing market for savants who can render the recondite intelligibly-witness Stephen Jay Gould (natural history), Oliver Sacks (disease), Richard Dawkins (heredity), James Gleick (physics), Paul Krugman (economics)-and Bernstein would mingle well in their company." -The Australian

Speculation As a Fine Art and Thoughts On Life

Author: Dickson G. Watts
Publisher: Metaphrastus Books
ISBN:
Format: PDF, Kindle
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A timeless investing classic from 1880. Dickson G. Watts shares his thoughts about the art of speculation, and life in general. "All business is more or less speculation." (…) "Our effort will be to set for the great underlying principles of the 'art' in the application of which must depend on circumstance, the time and the man." This concise book is a small gem for all investors.

Extraordinary Popular Delusions

Author: Charles Mackay
Publisher: Courier Corporation
ISBN: 0486147878
Format: PDF, Docs
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DIVClassic survey of crowd psychology takes an illuminating, entertaining look at 3 historic swindles: "The Mississippi Scheme," "The South-Sea Bubble," and "Tulipomania." Essential reading for investors. /div