TIGER 21

Bibliography


1. The Elephant and the Dragon: The Rise of India and China and What It Means for All of Us by Robyn Meredith (2007)


2.When Markets Collide: Investment Strategies for the Age of Global Economic Change


3. The Price of Liberty: Paying for America’s Wars by Robert Hormats (2007)


4. The World is Flat: A Brief History of the Twenty-First Century (2006)


5. Fooled By Randomness by Nassim Nicholas Taleb (2001)


6. The Intelligent Investor: A Book Of Practical Counsel by Benjamin Graham (1985)


7. Moneyball: The Art Of Winning An Unfair Game by Michael Lewis (2003)


8. Pioneering Portfolio Management: An Unconventional Approach To Institutional Investment by David F. Swensen (1995)


9. The Psychology Of Investing (Wiley Investment) by Richard A. Geist (1999)


10. A Random Walk Down Wall Street (7th Edition) by Burton G. Malkiel (2000)


11. Synchronicity: The Inner Path Of Leadership by Joseph Jaworski (1998)


12. When Genius Failed: The Rise And Fall Of Long-Term Capital Management by Roger Lowenstein (2000)


13. Hedge Fund Of Funds Investing: An Investors Guide by Joseph P. Nicholas (2004)


14. The Tipping Point: How Little Things Can Make A Big Difference by Malcolm Gladwell (2000)


15. Freakonomics: A Rogue Economist Explores the Hidden Side of Everything by Stephen D. Levitt and Stephen J. Dubner (2005)


16. Blink: The Power Of Thinking Without Thinking by Malcolm Gladwell (2005)


17. Paul Volker: The Making Of A Financial Legend by Joseph B. Treaster (2004)


18. The Wisdom Of Crowds: Why The Many Are Smarter Than The Few And How Collective Wisdom Shapes Business, Economies, Societies And Nations (2005)


19. Unconventional Success: A Fundamental Approach to Personal Investment by David F. Swensen (2005)


20. The Prudent Investor’s Guide To Hedge Funds: Profiting From Uncertainty And Volatility by James Owen (2000)


21. Against the Gods: The Remarkable Story of Risk by Peter L. Bernstein (1996)


*** PREVIOUS BOOKS IN TIGER 21 BIBLIOGRAPHY ***


PIPEs: A Guide To Private Investments In Public Equity by Steven Dresner, Kim E. Kurt, Editors (2005)


DisneyWar: The Battle For The Magic Kingdom by James B. Stewart (2005)


Being Digital by Nicholas Negroponte (1995)


The Warburgs: The Twentieth-Century Odyssey Of A Remarkable Jewish Family by Ron Chernow (1994)


Titan: The Life Of John D. Rockefeller, Sr. by Ron Chernow (1998)


Rich Dad, Poor Dad: What The Rich Teach Their Kids About Money That The Poor & Middle Class Don’t by Robert T. Kiyosaki, Sharon L. Lechter (1999)


The Mind Of Wall Street: A Legendary Financier On The Perils Of Greed And The Mysteries Of The Market by Leon Levy and Eugene Linden (2002)


The New New Thing: A Silicon Valley Story by Michael Lewis (1999)


The Lexus And The Olive Tree by Thomas L. Friedman (1999)


Investing In Hedge Funds by Joseph G. Nicholas (1999)


The House Of Morgan: An American Banking Dynasty And The Rise Of Modern Finance by Rone Chernow (1991)


The Emperors Of Chocolate: Inside The Secret World Of Hershey And And Mars by Joel Glenn Brenner (1999)


EBOYS: The First Inside Account Of Venture Capitalists At Work by Randall E. Stross (2000)


Contrarian Investment Strategies: The Next Generation: Beat The Market By Going Against The Crowd by David N. Dreman (1998)


Den of Thieves by James Stewart (1992)


1. The Elephant and the Dragon: The Rise of India and China and What It Means for All of Us by Robyn Meredith (2007)

Book Summary:  Meredith, who covers India and China for Forbes, upends conventional wisdom in this well-reported book, arguing that the U.S. shouldn't fear these two rising economic powers. The U.S. (buyer to the world) and China (factory to the world) have, respectively, the largest and fourth largest economies, but they will reach parity in 2015. Though American politicians tax Chinese goods, Meredith points out that Americans actually gain from the undervalued yuan: our companies profit from the cheap goods the Chinese manufacture. Meanwhile, India (backoffice to the world) has picked up most of the one million white-collar jobs that moved out of the U.S. by 2003. But Meredith notes that for every dollar that goes overseas, $1.94 of wealth is created—all but 33 cents of which returns to the U.S. Protrade and antiprotectionist, she makes a compelling argument that China is doing better than India because it moved toward a market economy in 1978, while India began to liberalize in 1991. She also looks critically at each country's plans for the future, noting that China's citizens save more, while India's infrastructure and education system are falling behind. She concludes that if inward-facing India and communist China can transform themselves, so can the United States of America.


2.When Markets Collide: Investment Strategies for the Age of Global Economic Change

If you find the present global economic situation to be confusing and filled with conflicting signals and noise, this excellent book by Mohamed El-Erian, the CEO of PIMCO and the former President of the Harvard Management Company where he managed Harvard's $35 billion endowment, should be on your reading list.

El-Erian brings a unique perspective to the task of separating the signal from the noise in today's volatile global markets. Having spent 15 years at the International Monetary Fund and the rest of his career in the trenches in emerging market research and investment at leading investment banks, he has a deep understanding of both the public policy side and the realities of global investing.

His premise could not be more timely: Global markets are undergoing profound changes and the present turmoil is neither the beginning nor the end of the transformation that is shaking up investors around the world. This bumpy process is nothing less than the collision of markets in which the markets of yesterday collide with those of tomorrow

The book offers analytical anchors for identifying the key elements of what, for some, have become key drivers in an unusually fluid environment. In addition to offering targeted, well written, explanations of some of the key sources of confusion and dislocation (U.S. national debt, new sovereign wealth funds and emerging, developing countries now funding the debt of the developed nations), El-Erian also provides some invaluable advice for personal investors.

Given his contention that most U.S. investors have not fully grasped the impact of the changes going on in global markets and the impact of higher commodity prices and shift to accelerating inflationary trends around the world, he provides a new sample asset allocation model for correcting some of the imbalances in most U.S. investors' portfolios.




3. The Price of Liberty: Paying for America’s Wars by Robert Hormats (2007)

Book Summary:  Exploring the idea that the need to pay for wars often drives financial innovation, Goldman, Sachs & Co. managing director Hormats traces the fiscal decisions made in American wars from the revolution to today's war on terror. Customs duties often fall off with hostilities, he observes, leading to increased reliance on excise and other consumption taxes. These cut civilian demand, freeing up resources for war, but may be unduly burdensome on the poor, who also do most of the dying. Taxes on businesses and the rich are more popular, he notes, but don't reduce consumption and may discourage energetic investment in war industries. Printing money is easy, but stimulates demand and inflation. Borrowing requires faith in the ability of the government to prosecute the war and its willingness to honor the debt afterwards. If broad-based, debt can cement support for the war, but if not, it can create a class of creditors with excessive political power. Hormats shows that, despite their differences, each treasury secretary seems to pick up where his predecessor left off, refining the old ideas and adding new wrinkles. Moving from history to current events, the author strongly criticizes the Bush administration for failing to adhere to the principles that have paid for 230 years of American liberty.


4. The World is Flat: A Brief History of the Twenty-First Century (2006)

Book Summary:  Even a brilliant provocateur like foreign affairs expert Thomas L. Friedman would not presume to write a history of the 21st century based on the first four years of the millennium. But in this important socioeconomic study, a follow-up to 1999’s The Lexus and the Olive Tree, the three-time Pulitzer Prize winner argues persuasively that globalization, with all its attendant geopolitical effects, is the single most significant trend of our day. To paraphrase the ancient Chinese curse, we are indeed living in interesting -- and historic -- times! When scholars write the history of the world twenty years from now, and they come to the chapter "Y2K to March 2004," what will they say was most important? The attack on the World Trade Center and the Iraq war? Or the convergence of PCs, telecom and workflow softwares into a tipping point that allowed India to become part of the global supply chain for services the way China had become for manufacturing--creating an explosion of wealth in the middle classes of the world's two biggest nations (India and China), giving both nations a huge new stake in the success of globalization, but also flattening the world in a way that requires us all to run faster in order to stay in place? Has the world gotten too small, too fast, and too flat for human beings and their political systems to adjust in a stable manner? In this brilliant new book, the award-winning New York Times columnist Thomas Friedman demystifies the brave new world for readers, allowing them to make sense of the often bewildering global scene unfolding before their eyes. With his inimitable ability to translate complex foreign policy and economic issues, Friedman explains how the flattening of the world happened at the dawn of the twenty-first century; what it means to countries, companies, communities, and individuals; and how governments and societies can, and must, adapt. The World Is Flat is the timely and essential update on globalization, its successes and discontents, powerfully illuminated by one of our most respected journalists.


5. Fooled By Randomness by Nassim Nicholas Taleb (2001)

Book Summary: This book is about how we perceive and deal with luck in business and life. Set against the backdrop of the most conspicuous forum in which luck is mistaken for skill—the world of trading—Fooled by Randomness is a captivating insight into one of the least understood factors in all our lives. Writing in an entertaining and narrative style, the author succeeds in tackling and explaining three major intellectual issues: the problem of induction, the survivorship biases and our genetic unfitness to the modern world. The book is populated with an array of characters, some of whom have grasped, in their own way, the significance of chance: Yogi Berra, the baseball legend; Karl Popper, the philosopher of knowledge; Solon, the Ancient World’s wisest man; the modern financier George Soros; and the Greek voyager Ulysses. In addition, we meet the fictional Nero, who seems to understand the role of randomness in his trading life, but who also falls victim to his own superstitious foolishness.


6. The Intelligent Investor: A Book Of Practical Counsel by Benjamin Graham (1985)

Book Summary: Benjamin Graham (1894-1976), the father of value investing, was perhaps the most influential investor of all time. Since its original publication in 1949, Benjamin Graham’s book has remained the most respected guide to investing. His timeless philosophy of "value investing" helps protect investors against areas of (possible) substantial error, and teaches them to develop long-term strategies with which they will be comfortable down the road. Over the years, market developments have borne out the wisdom of Benjamin Graham's basic policies. Here he takes account of both the defensive and the enterprising investor, outlining the principles of stock selection for each, and stressing the advantages of a simple portfolio policy. Among its special features are the use of numerous comparisons of pairs of common stocks to bring out their elements of strength and weakness, and also the construction of investment portfolios designed to meet specific requirements of quality and price attractiveness.


7. Moneyball: The Art Of Winning An Unfair Game by Michael Lewis (2003)

Book Summary:  The Oakland Athletics have a secret: a winning baseball team is made, not bought. In major league baseball, the biggest wallet is supposed to win: rich teams spend four times as much on talent as poor teams. But over the past four years, the Oakland Athletics, a major league team with a minor league payroll, have had one of the best records. Last year their superstar, Jason Giambi, went to the superrich Yankees. It hasn’t made any difference to Oakland: their fabulous season included an American League record for consecutive victories. Billy Beane, general manager of the Athletics, is putting into practice on the field revolutionary principles garnered from geek statisticians and college professors. Michael Lewis’s brilliant, irreverent reporting takes us from the dugouts and locker rooms-where coaches and players struggle to unlearn most of what they know about pitching and hitting-to the boardrooms, where we meet owners who begin to look like fools at the poker table, spending enormous sums without a clue what they are doing. Combine money, science, entertainment, and egos, and you have a story that Michael Lewis is magnificently suited to tell.


8. Pioneering Portfolio Management: An Unconventional Approach To Institutional Investment by David F. Swensen (1995)

Book Summary:  During his 14 years as Yale's chief investment officer, David F. Swensen has transformed the management of the university's portfolio. Largely by focusing on non-conventional strategies, including a heavy allocation to private equity, Swensen has achieved an annualized return of 16.2 percent, which has propelled Yale's endowment into the top tier of institutional funds. Now, this acknowledged leader of fund managers draws on his experience and deep knowledge of the financial markets to provide a compendium of powerful investment strategies

Swensen's exceptionally readable book addresses critical concepts such as handling risk, selecting investment advisers, and negotiating the opportunities and pitfalls in individual asset classes. Fundamental investment ideas are illustrated by real-world concrete examples, and each chapter contains strategies that any manager can put into action. Any student of markets will benefit from Pioneering Portfolio Management.


9. The Psychology Of Investing (Wiley Investment) by Richard A. Geist (1999)

Book Description. The first comprehensive book to apply psychological theory to a broad range of investment topics, The Psychology of Investing explores the interface between human emotions and financial decision-making. Drawing on the invaluable wisdom and cutting-edge research of top experts in what is an area of ever-increasing interest and importance, it describes how both group dynamics and an individual's personal psychology affect investor decisions.

This authoritative and practical book features contributions from professional psychologists, psychiatrists, academics, and investment practitioners who are among the leading thinkers and teachers in their fields. Among those sharing their innovative ideas and far-reaching thoughts on such topics as contrarian theory, momentum strategies, and investor overreactions are faculty members from Harvard Medical School and Harvard Business School, columnists from Forbes magazine, publishers of investment newsletters, and authors of investment related books.


10. A Random Walk Down Wall Street (7th Edition) by Burton G. Malkiel (2000)

Book Summary:  Skilled at puncturing financial bubbles and other delusions of the Wall Street crowd, Burton Malkiel shows why a broad portfolio of stocks selected at random will match the performance of one carefully chosen by experts. Taking a look at the high-tech boom and its aftermath, Malkiel shows how to maximize gains and minimize losses in this era of electronic brokers, virtual gurus, and flashy investment vehicles. Learn how to analyze the potential returns, not only for stocks and bonds, but for the full range of investments from money market accounts and real estate investment trusts to insurance, home owning, and tangible assets like gold and collectibles. Decode the rating game for mutual funds and discover the unique advantages of index mutual funds over the wide range of riskier alternatives. This enhanced edition includes an update of Malkiel's famous "Life-Cycle Guide to Investing," showing how to match an investment strategy to your stage in life.


11. Synchronicity: The Inner Path Of Leadership by Joseph Jaworski (1998)

Book Summary:  Phil Carroll, President and CEO, Shell Oil Company: "Synchronicity illustrates that leadership is about the release of human possibilities, about enabling others to break free of limits-created organizationally or self-imposed. Although this book describes the author's personal journey, it contains profound messages about organizational learning and effectiveness." Dee W. Hock, Founder, President, and CEO Emeritus, Visa International:  "Written from the heart as well as the head, Synchronicity is the story of one man's journey toward the place we all must go in the century ahead. Jaworski's life demonstrates that the immense cultural and institutional change, which a livable future demands, can begin anytime, anywhere, in anyone, even those who have benefited greatly from the old order of things."


12. When Genius Failed: The Rise And Fall Of Long-Term Capital Management by Roger Lowenstein (2000)

Book Summary:  Roger Lowenstein, the author of Buffett, captures Long-Term's roller coaster ride in gripping detail. Drawing on internal memos and interviews with key players, Lowenstein crafts a story that reads like a first-rate thriller. He explains not just how the fund made and lost its money, but what it was about the personalities of Long-Term's partners, the arrogance of their mathematical certainties, and the late-nineties culture of Wall Street that made it all possible. When Genius Failed is the cautionary financial tale of our time (its failure threatened to drag down markets around the world) and a gripping saga of what happened when an elite group of investors believed they could actually deconstruct risk and use virtually limitless leverage to create limitless wealth.




13. Hedge Fund Of Funds Investing: An Investors Guide by Joseph P. Nicholas (2004)

Book Summary: The hedge fund industry continues to grow by leaps and bounds, and within this universe, the "fund of funds" is the new star. Comprised of multiple-manager portfolios bundled together as a single multi-hedge fund product, this risk-balancing vehicle has emerged as the instrument of choice for the astute investment professional. Hedge Fund of Funds Investing walks you through the steps for creating, combining, and managing investments with multiple hedge funds as a fund of funds. Leading hedge fund authority Joseph Nicholas explains the building blocks of a fund of funds and how they can be incorporated into a traditional portfolio to achieve investment objectives and build diversification. In addition, he teaches how to evaluate risks, estimate potential returns, and choose statistical measurement methods. This book provides the key that opens the door to this fast-growing asset class of investments.



 14. The Tipping Point: How Little Things Can Make A Big Difference by Malcolm Gladwell (2000)

Book Summary: New Yorker writer Malcolm Gladwell looks at why major changes in our society so often happen suddenly and unexpectedly. Ideas, behavior, messages, and products, he argues, often spread like outbreaks of infectious disease. Just as a single sick person can start an epidemic of the flu, so too can a few fare-beaters and graffiti artists fuel a subway crime wave, or a satisfied customer fill the empty tables of a new restaurant. These are social epidemics, and the moment when they take off, when they reach their critical mass, is the Tipping Point." "Gladwell introduces us to the particular personality types who are natural pollinators of new ideas and trends, the people who create the phenomenon of word of mouth. He analyzes fashion trends, smoking, children's television, direct mail, and the early days of the American Revolution for clues about making ideas infectious, and visits a religious commune, a successful high-tech company, and one of the world's greatest salesmen to show how to start and sustain social epidemics.


15. Freakonomics: A Rogue Economist Explores the Hidden Side of Everything by Stephen D. Levitt and Stephen J. Dubner (2005)

Book Summary:  Publisher, Steven D. Levitt and co-author Stephen J. Dubner show that economics is, at root, the study of incentives - how people get what they want, or need, especially when other people want or need the same thing. In Freakonomics, they set out to explore the hidden side of...well, everything. The inner workings of a crack gang. The truth about real-estate agents. The myths of campaign finance. The telltale marks of a cheating schoolteacher. The secrets of the Ku Klux Klan. SYNOPSIS Levitt (economics, U. of Chicago) and writing collaborator Dubner (a writer for the New York Times and The New Yorker) dub the material in this work "freakonomics" because Levitt uses analytical tools from economics to address a range of questions that, at first glance, might seem to be far removed from the discipline of the "dismal science." They consider questions such as how to determine if teachers are aiding in students' cheating on standardized tests, the impact of information asymmetry on the operation of the Ku Klux Klan, how the organizational structure of crack gangs resemble other businesses, and the influence of parents on child development. Annotation ©2004 Book News, Inc., Portland, OR


16. Blink: The Power Of Thinking Without Thinking by Malcolm Gladwell (2005)

Book Summary:  How do we make decisions--good and bad--and why are some people so much better at it than others? That's the question Malcolm Gladwell asks and answers in the follow-up to his huge bestseller, The Tipping Point. Utilizing case studies as diverse as speed dating, pop music, and the shooting of Amadou Diallo, Gladwell reveals that what we think of as decisions made in the blink of an eye are much more complicated than assumed. Drawing on cutting-edge neuroscience and psychology, he shows how the difference between good decision-making and bad has nothing to do with how much information we can process quickly, but on the few particular details on which we focus. Leaping boldly from example to example, displaying all of the brilliance that made The Tipping Point a classic, Gladwell reveals how we can become better decision makers--in our homes, our offices, and in everyday life. The result is a book that is surprising and transforming. Never again will you think about thinking the same way.



 17. Paul Volker: The Making Of A Financial Legend by Joseph B. Treaster (2004)

Book Summary:  Written by New York Times journalist Joseph B. Treaster, Paul Volcker: The Making of a Financial Legend takes you through the most compelling moments of Volcker's fifty years in finance and public service - documenting his days as one of the most powerful voices in America as chairman of the Federal Reserve, as well as his more recent endeavors, including a mission to revive the Arthur Andersen accounting firm and efforts to recover billions in lost savings of Holocaust victims from Swiss banks. From public politics to private business, this masterful book examines the ethical, economic, and moral dilemmas Volcker faced at every turn.



 18. The Wisdom Of Crowds: Why The Many Are Smarter Than The Few And How Collective Wisdom Shapes Business, Economies, Societies And Nations (2005)

Book Summary:  In this endlessly fascinating book, New Yorker columnist James Surowiecki explores a deceptively simple idea that has profound implications: large groups of people are smarter than an elite few, no matter how brilliant—better at solving problems, fostering innovation, coming to wise decisions, even predicting the future. This seemingly counterintuitive notion has endless and major ramifications for how businesses operate, how knowledge is advanced, how economies are (or should be) organized and how we live our daily lives. With seemingly boundless erudition and in delightfully clear prose, Surowiecki ranges across fields as diverse as popular culture, psychology, ant biology, economic behaviorism, artificial intelligence, military history and political theory to show just how this principle operates in the real world. The Wisdom of Crowds is a brilliant but accessible biography of an idea, one with important lessons for how we live our lives, select our leaders, conduct our business, and think about our world.


19. Unconventional Success: A Fundamental Approach to Personal Investment by David F. Swensen (2005)

Book Summary:  The bestselling author of Pioneering Portfolio Management, the definitive template for institutional fund management, returns with a book that shows individual investors how to manage their financial assets.In Unconventional Success, investment legend David F. Swensen offers incontrovertible evidence that the for-profit mutual-fund industry consistently fails the average investor. From excessive management fees to the frequent "churning" of portfolios, the relentless pursuit of profits by mutual-fund management companies harms individual clients. Perhaps most destructive of all are the hidden schemes that limit investor choice and reduce returns, including "pay-to-play" product-placement fees, stale-price trading scams, soft-dollar kickbacks, and 12b-1 distribution charges.  Even if investors manage to emerge unscathed from an encounter with the profit-seeking mutual-fund industry, individuals face the likelihood of self-inflicted pain. The common practice of selling losers and buying winners (and doing both to often) damages portfolio returns and increases tax liabilities, delivering a one-two punch to investor aspirations. In short: Nearly insurmountable hurdles confront ordinary investors. Swensen's solution? A contrarian investment alternative that promotes well-diversified, equity-oriented, "market-mimicking" portfolios that reward investors who exhibit the courage to stay the course. Swensen suggests implementing his nonconformist proposal with investor-friendly, not-for-profit investment companies such as Vanguard and TIAA-CREF. By avoiding actively managed funds and employing client-oriented mutual-fund managers, investors create the preconditions forinvestment success. Bottom line? Unconventional Success provides the guidance and financial know-how for improving the personal investor's financial future.


20. The Prudent Investor’s Guide To Hedge Funds: Profiting From Uncertainty And Volatility by James Owen (2000)

Book Summary:  Hedge funds are typically thought of as highly risky investments. Not so. In fact, some hedge funds are among the most conservative investments you can make. While speculative, high-flying hedge funds make the headlines, others quietly go about the work of crafting unique investment strategies and hedging portfolios against market risk. This much-needed book shows why affluent investors who want to be financially secure through retirement should know about hedge funds. Its blend of facts, practical tips, and personal insights takes the mystery out of this often misunderstood investment vehicle and reveals the critical questions to ask before you invest. James P. Owen (Santa Barbara, CA) has more than 30 years of experience in the investment management industry and is Senior Vice President of Broadmark Asset Management. He is co-founder of the Investment Management Consultants Association (IMCA), and was associate producer of the PBS television series, Beyond Wall Street: The Art of Investing.


21. Against the Gods: The Remarkable Story of Risk by Peter L. Bernstein (1996)

Book Summary:  In a narrative that reads like a novel, Against the Gods tells the story of a group of famous scientists and ingenious amateurs who actually discovered the notion of risk—of scientifically linking the present to the future. Like Prometheus, these pioneers equipped humanity with a set of tools that would spark the achievements of the modern world. People constantly make choices, arrive at decisions, and take risks. Savers buy stocks, doctors perform operations, poker players figure the odds, spaceships soar into the skies, and business managers launch new products. Without the instruments of risk management, such decisions would be impossible, because no one could figure the likelihood of successful outcomes. Indeed, the idea that human beings need not look to the heavens or listen to soothsayers for advice is less than five hundred years old. Hence, without the modern techniques of risk management, most of these decisions would be inconceivable: no bridges would span our widest rivers, our great corporate enterprises would never have come into being, no lives would be saved by coronary bypasses, space travel would be a dream, and no one would play poker. Against the Gods blends biography with history and science to show how famous thinkers like Pascal, Bernoulli, Bayes, Keynes Markowitz, Arrow and von Neumann paved the way from superstition to the super computer. But Bernstein tells of others as well: men who were less known but equally important in developing the theory and practice of risk management, including a few inveterate gamblers, two ministers, an anonymous group of monks, a doctor, a button salesman, and a composer of operas. The book explains suchconcepts as probability, uncertainty, the distinction between chance and skill, the interactions between gambling and investing, and rational versus irrational decision-making.


*** PREVIOUS BOOKS IN TIGER 21 BIBLIOGRAPHY ***




PIPEs: A Guide To Private Investments In Public Equity by Steven Dresner, Kim E. Kurt, Editors (2005)

Book Summary: The use of PIPEs as a means for public companies to raise capital has grown considerably over the past decade. APIPE, or private investment in public equity, was once a little-understood strategy used by relatively few companies and investors. Today these privately negotiated transactions offer a practical (and in many cases, preferred) financing alternative for companies, regardless of their size or sector. They also present opportunity for investors and advisers who know how to identify and execute viable PIPE transactions. Here at last is the definitive guide to PIPEs, presenting the views, voices, and invaluable expertise of leading practitioners from all specialties in the field. The book is divided into three parts: "The Business of PIPEs," which provides a historical backdrop and overview; "Regulatory Landscape and Structural Alternatives," which details the legal framework and transaction structures; and "Deal Flow," which offers the investor's perspective on assessing and investing in deals. Institutional investors, financial analysts, investment bankers, corporate and securities attorneys, executives of public companies, and even the sophisticated investor will find substantial value in the pages of this book.


DisneyWar: The Battle For The Magic Kingdom by James B. Stewart (2005)

Book Summary:  When Roy Disney, chairman of Walt Disney Animation and nephew of founder Walt Disney, abruptly resigned in November 2003 and declared war on chairman and chief executive Michael Eisner, he sent shock waves through the entertainment industry, corporate boardrooms, theme parks, and living rooms around the world - everywhere Disney does business and its products are cherished. DisneyWar is the inside story of what drove America's best-known entertainment company to civil war, told by one of our most acclaimed writers and reporters. Drawing on unprecedented access to both Eisner and Roy Disney, current and former Disney executives and board members, as well as thousands of pages of never-before-seen letters, memos, transcripts, and other documents, James B. Stewart gets to the bottom of mysteries that have enveloped Disney for years.  DisneyWar also describes the creative process that lies at the heart of Disney - from the making of The Lion King to Pirates of the Caribbean.


Being Digital by Nicholas Negroponte (1995)

Book Summary:  "Perhaps because the title "Being Digital" seems to promise the articulation of a new way of being human, it takes a while to realize that the book is not in fact about the transformation of a culture, but about money. The first question Negroponte asks of a development like virtual reality is whether there's a market for it. If a market exists, someone will inevitably exploit it, and so it's pointless to ask "Do we need this?"... He espouses a kind of therapeutic corporatism, defending electronic games as teachers of "strategies" and "planning skills"... It's easy to fault Negroponte's resolute historicism; harder, however, to dislike an author who begins his book by confessing, "Being dyslexic, I don't like to read." Negroponte is nothing more and nothing less than a man who has profited by speculating on the future and is willing, like a successful stockbroker, to share his secrets." From The New Yorker


The Warburgs: The Twentieth-Century Odyssey Of A Remarkable Jewish Family by Ron Chernow (1994)

Book Summary:  A history of the Hamburg banking family that explores the love/hate relationship between Germany and its native-born Jews with as much interest as it recounts the lives of those who made Warburg a name to be reckoned with on both sides of the Atlantic. Tracking the varied fortunes of Warburgs through Bismarck's Imperial Germany, the Weimar Republic, the Third Reich, and beyond, Chernow documents how intermarriage with Our Crowd's Loebs and Schiffs enabled the Warburgs to make their mark on Wall Street as well as in Europe. In an outcome that affords his panoramic narrative an affecting measure of unity, Chernow details the transaction whereby a latter-day generation reclaimed the merchant bank where their own story began.



Titan: The Life Of John D. Rockefeller, Sr. by Ron Chernow (1998)

Book Summary:  Ron Chernow devotes his penetrating powers of scholarship and insight to the Jekyll and Hyde of American capitalism. In the course of his nearly 98 years, John D. Rockefeller, Sr., was known as both a rapacious robber baron, whose Standard Oil Company rode roughshod over an industry, and a philanthropist who donated money lavishly to universities and medical centers. He was the terror of his competitors, the bogeyman of reformers, the delight of caricaturists--and an utter enigma. Drawing on unprecedented access to Rockefeller's private papers, Chernow reconstructs his subject's troubled origins (his father was a swindler and a bigamist) and his single-minded pursuit of wealth. But he also uncovers the profound religiosity that drove him "to give all I could"; his devotion to his family; and the wry sense of humor that made him the country's most colorful codger.



 Rich Dad, Poor Dad: What The Rich Teach Their Kids About Money That The Poor & Middle Class Don’t by Robert T. Kiyosaki, Sharon L. Lechter (1999)

Book Summary:  Personal-finance author and lecturer Robert T. Kiyosaki developed his unique economic perspective from two very different influences--his two fathers. One father (Robert's real father) was a highly educated man, but fiscally poor. The other father was the father of Robert's best friend--the Dad who was an eighth grade dropout who became a self-made multi-millionaire. The lifelong monetary problems experienced by his "poor dad" pounded home the counterpoint communicated by his "rich dad." Taking that message to heart, Kiyosaki was able to retire at 47. RICH DAD, POOR DAD, written with consultant and CPA Sharon L. Lechter lays out Kiyosaki's philosophy behind his relationship with money.



The Mind Of Wall Street: A Legendary Financier On The Perils Of Greed And The Mysteries Of The Market by Leon Levy and Eugene Linden (2002)

Book Summary: In the Mind of Wall Street, Levy takes a long and broad view of the rhythms of the markets and the economy, and his stories of past booms and busts, of financial chicanery and willful self-deception, evoke haunting comparisons with the world of Wall Street today. He also offers a provocative analysis of the spectacular Internet bubble, showing that we have yet to recover completely from our bout of "irrational exuberance." The current bear market, he argues, is likely to get worse before it gets better. Most of us are in the stock market, but few of us understand how it really works. The Mind of Wall Street explains the market’s hidden dynamics and is essential reading for all of us, whether we are active traders or simply modest contributors to our 40l(k) plans. As these volatile and unnerving markets come to define so much of our net worth, Leon Levy’s reflections, observation, and admonitions have never been more timely.



 The New New Thing: A Silicon Valley Story by Michael Lewis (1999)

Book Summary:  Lewis' book, in effect, provides a look at the whole computer industry, for the more we learn about Clark, the more we learn about the industry as a whole. Silicon Valley, referred to as "the greatest legal creation of wealth in the history of the planet," is the Wall Street of the 1990s, and Clark is a primary mover and shaker. He is strictly an idea man, coming up with new ideas of how to make millions and leaving his engineers to arrive at workable details. Clark, as we follow and marvel at his career, invents his life as he goes along. What drives him is his abiding need to pursue new concepts and experiences. This book will prove very popular, not only with readers interested in business and computers, but also with those who are curious about "the new new thing." Hyperion, Brad Hooper.



 The Lexus And The Olive Tree by Thomas L. Friedman (1999)

Book Summary:  Foreign Affairs columnist for The New York Times, Thomas L. Friedman has traveled the globe, interviewing people from all walks of contemporary life - Brazilian peasants in the Amazon rain forest, new entrepreneurs in Indonesia, Islamic students in Teheran, and the financial wizards on Wall Street and in Silicon Valley. With vivid stories and a set of original terms and concepts, Friedman offers readers remarkable access to his unique understanding of this new world order, and shows us how to see this new system. He dramatizes the conflict of "the Lexus and the olive tree"--the tension between the globalization system and ancient forces of culture, geography, tradition, and community. He also details the powerful backlash that globalization produces among those who feel brutalized by it, and he spells out what we all need to do to keep the system in balance.



Investing In Hedge Funds by Joseph G. Nicholas (1999)

Book Summary:  Cash is flooding into hedge funds at a remarkable rate. The industry has experienced a $38 Billion growth spurt in the last two years. 1997 alone saw a 40% increase in investor capital. Surprisingly, this tremendous growth has been fueled largely by individual investors and not by professionals. This is the first book for consumers who want to learn more about investing in hedge funds. It's the only resource that describes how hedge funds work specifically for individuals, including risk factors. Written by a professional investment adviser, Nicholas walks the consumer through the investment process step by step. Hedge funds are investments, run by fund managers that use one or more alternative investment strategies, including investing in assets, such as currencies or distressed securities; hedging against market downturns; and utilizing return-enhancing tools, such as leverage and short selling. Consistency of return is typically the primary investment goal, not magnitude.



 The House Of Morgan: An American Banking Dynasty And The Rise Of Modern Finance by Rone Chernow (1991)

Book Description: Hailed as an investigative masterpiece, The House of Morgan traces the trajectory of the J. P. Morgan empire from its obscure beginnings in Victorian London to the crash of 1987 and beyond. A rich, panoramic story of four generations of Morgans and the powerful, secretive firms they spawned. It is the definitive account of the rise of the modern financial world. From the period glamour of the late nineteenth century to secret alliances during both world wars, The House of Morgan is studded with startling revelations about the men and women -- Henry Ford, Franklin Roosevelt, Nancy Astor, Winston Churchill, Adnan Khashoggi, Paul Volcker, and many others -- who have transformed the financial and political world in the past 150 years.



The Emperors Of Chocolate: Inside The Secret World Of Hershey And And Mars by Joel Glenn Brenner (1999)

Book Summary:  In this history of the candy business, over eight years in the making, former Washington Post reporter Joël Glenn Brenner tells a unique story that is a rich blend of many compelling ingredients--in this case, biography and cultural history, investigative reporting and literary journalism. Forrest Mars, often called "the Howard Hughes of candy," was one of the most successful (and private) entrepreneurs in America, a brilliant autocrat who built a unique $20-billion-a-year empire. Milton Hershey was a dreamer who wanted to create not just a company, but also an industrial paradise, and after making an immense fortune, he promptly gave it all away. What began as a fraternity of small family-owned businesses has grown into a cutthroat industry increasingly dominated by corporate leviathans fighting for shelf space and swallowing their smaller competitors.



EBOYS: The First Inside Account Of Venture Capitalists At Work by Randall E. Stross (2000)

Book Summary:  Joseph Nocera, Fortune, editor at large wrote, "This is the one--the book about Silicon Valley we've all been waiting for. Randall Stross is the first journalist to truly crack the code, to get so far inside this world that what's emerged is not just an authoritative account but also one that has the absolute ring of truth. eBoys puts you in the room where instant companies--and instant wealth--are created. eBoys will take its place as the definitive account of one of the wildest eras in the history of American capitalism."  Gary Rivlin, author if the Plot to Get Bill Gates wrote, "Stross writes with verve and grace about the equivalent of the tech world's Hollywood casting directors, holding daily tryouts to spot tomorrow's talent. The result is not only a rich, page-turning tale, but a voyeur's dream that for my money is the single best look at the VC world to date."


Contrarian Investment Strategies: The Next Generation: Beat The Market By Going Against The Crowd by David N. Dreman (1998)

Book Summary:  David Dreman's name is synonymous with the term "contrarian investing," and his contrarian strategies have been proven winners year after year. Now, as the longest bull market in the history of the stock market winds down, there is increasing volatility and a great deal of uncertainty. He shows investors how to outperform professional money managers and profit from potential Wall Street panics -- all in Dreman's trademark style, which The New York Times calls "witty and clear as a silver bell." At the heart of his book is a fundamental psychological insight: investors overreact. Dreman demonstrates how investors consistently overvalue the so-called "best" stocks and undervalue the so-called "worst" stocks, and how earnings and other surprises affect the best and worst stocks in opposite ways.



Den of Thieves by James Stewart (1992)

Book Summary:  A damningly detailed rundown on the predatory conspirators whose willful violations of securities law and ethical standards gave Wall Street a deservedly bad name during the takeover frenzy of the 1980's. Wall Street Journal editor Stewart (The Partners, The Prosecutors) was a beat reporter for much of the dirty decade. As one result, he has first hand knowledge of the carriage-trade criminals who made a mockery of free enterprise during one of the century's greatest bull markets. The author puts laid to rest any lingering notion the junk-bond king was unjustly hounded by vengeful agents of the federal government. In addition, he makes clear that, but for stubborn pride and hubris, the man who leveraged corporate American could have cut a favorable deal that greatly reduced his ten-year prison sentence. A sorry and cautionary tale of world-class scofflaws, brilliantly reported by a savvy journalist with a sure sense of right and wrong.