Economy & Finance

'No Worries' shows how anyone can live a stress-free financial life and build wealth for the long term.

A magisterial history of the astounding rise - and unimaginable fall - of America's most iconic corporationPerhaps no company reflects American ingenuity, innovation, and industrial fortunes as well as the iconic General Electric Company. Producing storied leaders and almost every product imaginable, GE built a cult of success that hid cracks in its foundation. In this masterful history, William D. Cohan, one of America's most pre-eminent financial journalists, argues that GE's legacy is both a paragon and a cautionary tale through which to understand twentieth-century America. Power Failure limns the eventful 130-year history of GE, bringing fresh analysis drawn from rare interviews with key figures of the company's golden era, including Jack Welch himself. As Cohan recounts, Welch traded on a sterling legacy to make GE the most valuable and respected company in the world, while cloaking its vulnerabilities. What he handed to his successor Jeffrey Immelt was, Cohan argues, both an impossible standard and a more troubled reality. Tracing the company's leaps and stumbles through the personalities that defined it, Power Failure offers a surprising retelling of the GE story, puncturing the myth we think we know for a fresh look at its legacy - and what it tells us about the state of the financial world.

How do today’s leaders move from playing it safe to playing for great?In a volatile time of climate crisis, global pandemics, and disruptive technologies, leaders may find themselves clinging to fear-based mindsets that favor individualism over collectivism – inadvertently controlling their teams rather than inspiring genuine commitment in them. To navigate uncertainty and seize emerging opportunities, leaders must move toward a more facilitative, enabling approach that centers on purpose before profit and the team before the individual.In Safe to Great, consultant, keynote speaker, and author Skip Bowman outlines an integrated organizational and leadership development process for implementing a growth mindset based on psychological safety. Grounded in more than 25 years of experience working with global organizations, Bowman’s model unites theory and practice in a set of practicable principles designed to meet the opportunities and challenges of leading and organizing in the twenty-first century and beyond.Bowman looks to the concept of psychological safety, as described in Amy C. Edmondson’s work on fearless organizations, to examine how a workplace that tolerates risk and exhibits a willingness to experiment can facilitate high levels of innovation. The tenets of a growth mindset, as popularized by Carol Dweck, also serve as a guiding philosophy: Bowman urges organizations to take a generative approach to managing people and resources, putting at least much back as they extract. In this relational model, success rests on the combined achievements and developmental growth of the collective rather than on the accumulation of power and wealth by a single executive or small group of stakeholders.Conversational in tone and packed with big hopes and uncomfortable truths, Safe to Great makes an impassioned appeal for a new standard of leadership that will move people and organizations from a place of relative comfort and little risk to a space of daring curiosity, engagement, and collaboration.

The Handbook of Price Impact Modeling provides practitioners and students with a mathematical framework grounded in academic references to apply price impact models to quantitative trading and portfolio management. Automated trading is now the dominant form of trading across all frequencies.

NEW YORK TIMES BESTSELLER A master class on investing featuring conversations with the biggest names in finance, from the legendary cofounder of The Carlyle Group, David M. Rubenstein.What do the most successful investors have in common? David M. Rubenstein, cofounder of one of the world's largest investment firms, has spent years interviewing the greatest investors in the world to discover the time-tested principles, hard-earned wisdom, and indispensable tools that guide their practice. Rubenstein, who has spent more than three decades in the hypercompetitive world of private equity, now distills everything he's learned about the art and craft of investing, from venture capital, real estate, private equity, hedge funds, to crypto, endowments, SPACs, ESG, and more. -How did Stan Druckenmiller short the British pound in one trade for a profit of $1 billion dollars? -What made Sam Zell the smartest, toughest investor the world of real estate has ever seen? -How did Mike Novogratz make $250 million off crypto in one year? -How did Larry Fink build BlackRock from scratch into a firm that manages more than $10 trillion? -How did Mary Callahan Erdoes rise to the top of J.P. Morgan's wealth management division to manage more than $4 trillion for individuals and families all over the world? -How did Seth Klarman perfect value investing to consistently deliver net returns of nearly 20 percent? With unprecedented access to global leaders in finance, Rubenstein has assembled the most authoritative book of its kind. How to Invest reveals the thinking of the most successful investors in the world, many of whom rarely speak publicly. Whether you're brand-new to investing or a seasoned professional, this book will transform the way you approach investing forever.

Data quality will either make you or break you in the financial services industry. Missing prices, wrong market values, trading violations, client performance restatements, and incorrect regulatory filings can all lead to harsh penalties, lost clients, and financial disaster. This practical guide provides data analysts, data scientists, and data practitioners in financial services firms with the framework to apply manufacturing principles to financial data management, understand data dimensions, and engineer precise data quality tolerances at the datum level and integrate them into your data processing pipelines.You'll get invaluable advice on how to:Evaluate data dimensions and how they apply to different data types and use casesDetermine data quality tolerances for your data quality specificationChoose the points along the data processing pipeline where data quality should be assessed and measuredApply tailored data governance frameworks within a business or technical function or across an organizationPrecisely align data with applications and data processing pipelinesAnd more

"Exploring the forces that determine the rate and direction of medical progress, this book brings together the worlds of scientific policy, economics, sociology, and innovation to describe the medical research landscape. Covers how issues, including incentive structures and lack of novelty in drug development, influence and impede progress"--

"Plunder is a startling investigation into the poorly understood, powerful force of private equity that is reshaping the American economy: raising prices, reducing quality, cutting jobs, increasing inequality, and shifting resources from productive parts of the economy to unproductive ones. Already transformative, private equity is poised to reshape the American economy in this decade the way that big tech did in the last decade, and subprime lenders the decade before that. And importantly, private equity is doing all of this not just with the acquiescence but the active support of the government. If you've ever wondered what happened to Toys R Us; why your doctor's bills are getting more expensive, why nursing homes are getting worse, why there is a housing shortage, why newspapers in Chicago and Los Angeles have gone downhill and local investigative reporting has dried up, Brendan Ballou's Plunder provides the reason why and provides a reform agenda spelling out how this industry can be stopped from wreaking further havoc. Brendan Ballou shows how private equity firms buy up companies using little or no investment, forcing them to take on huge debts and pay extractive fees, often wringing the life blood out of them, leaving them bankrupt or a shell of their former selves. Private equity's impact extends to the communities that have long depended on now- eviscerated companies for employment and prosperity. Perhaps most startling is Ballou's insight into how this is happening with the active support of government. Through vivid storytelling, Ballou's revelatory explanation of how private equity works shines a light on a part of Wall Street that is hastening the financialization of the American economy and increasing the power of banks and other institutions over companies that make and sell tangible products"--

In response to the economic impact of the COVID-19 pandemic, the US Federal Reserve and central banks worldwide have deployed tools that past policymakers and economists might have considered radical. Programmes like large-scale securities purchases and a new policy framework remain a source of confusion for investors, journalists and ordinary citizens alike.Twenty-First Century Monetary Policy demystifies these opaque techniques to reveal how economic ideas, historical events and political forces have transformed the Fed's policies over several decades. From the stagflation of the 1970s to the Great Recession and the recent pandemic, Ben S. Bernanke masterfully examines how the Fed's policies-and the institution itself-may change as it grapples with persistently low interest rates, systemic financial risk, rapid technological change and polarised politics. With unparalleled depth of expertise and robust historical sweep, Twenty-First Century Monetary Policy is a must-read for anyone interested in understanding modern finance, investments or US economic policy.

David Gwyn traces the radical evolution of the early iron railway and the profound impact it had on human society. As railways began to wind their way across the world, Gwyn shows how they carved out the shape of a newly global economy?laying the foundations for today's globalized world.

"A guide for fiscal policymakers in advanced economies to understand the appropriate policy response to an environment of high national debt and low interest rates"--

One of Porchlight's Business Books of the Year | One of Vox's Best Books of 2023 | An NPR Book of the Day | Required Reading from New York Post | One of Nylon's 13 May Books to Add to Your Reading List | One of PureWow's 14 Books to Read for AAPI Heritage Month | One of W Magazine's 14 Books to Dive Into This Summer | One of Betches' Best Summer Reads of 2023An audacious journalistic exploration of the present and future of beauty through the lens of South Korea's booming "K-beauty" industry and the culture it promotes, by Elise Hu, NPR host-at-large and the host of TED Talks Daily K-beauty has captured imaginations worldwide by promising a kind of mesmerizing perfection. Its skincare and makeup products—creams packaged to look like milkshakes or pandas, and snail mucus face masks, to name a few—work together to fascinate us, champion consumerism, and invite us to indulge. In the four years Elise spent in Seoul as NPR’s bureau chief, the global K-beauty industry quadrupled. Today it's worth $10 billion and is only getting bigger as it rides the Hallyu wave around the globe. And fun as self-care consumerism may be, Elise turns her veteran eye to the darker questions lurking beneath the surface of this story. When technology makes it easy to quantify and optimize ourselves—from banishing blemishes, to whittling our waistlines, even to shaving down our jaws—where do we draw the line? What are the dangers for a society where a flawless face and body are promoted and possible? What are the real financial, physical, and emotional costs of beauty work in a culture that valorizes endless self-improvement and codes it as empowerment?   With rich historical context and deep reporting, including hours of interviews with South Korean women, this is a complex, provocative look at the ways hustle culture has reached into the sinews of our bodies. It raises complicated questions about gender disparity, consumerism, the beauty imperative of an appearance obsessed society, and the undeniable political, economic, and social capital of good looks worldwide. And it points the way toward an alternative vision, one that's more affirming and inclusive than a beauty culture led by industry.