Random House New Releases - Business & Economics - Investments & Securities - Between May 23, 2012 and June 22, 2013.

The Buy Side by Turney Duff

2013-06-04T00:30:00-05:00

The Buy Side A Wall Street Trader's Tale of Spectacular Excess
Written by Turney Duff

The Buy Side, by former Galleon Group trader Turney Duff, portrays an after-hours Wall Street culture where drugs and sex are rampant and billions in trading commissions flow to those who dangle the most enticements. A remarkable writing debut, filled with indelible moments, The Buy Side shows as no book ever has the rewards – and dizzying temptations – of making a living on the Street.

Growing up in the 1980’s Turney Duff was your average kid from Kennebunk, Maine, eager to expand his horizons. After trying – and failing – to land a job as a journalist, he secured a trainee position at Morgan Stanley and got his first feel for the pecking order that exists in the trading pits. Those on the “buy side,” the traders who make large bets on whether a stock will rise or fall, are the “alphas” and those on the “sell side,” the brokers who handle their business, are eager to please.

How eager to please was brought home stunningly to Turney in 1999 when he arrived at the Galleon Group, a colossal hedge-fund management firm run by secretive founder Raj Rajaratnam. Finally in a position to trade on his own, Turney was encouraged to socialize with the sell side and siphon from his new broker friends as much information as possible. Soon he was not just vacuuming up valuable tips but also being lured into a variety of hedonistic pursuits. Naïve enough to believe he could keep up the lifestyle without paying a price, he managed to keep an eye on his buy-and-sell charts and, meanwhile, pondered the strange goings on at Galleon, where tens of millions were being made each week in sometimes mysterious ways.

At his next positions, at Argus Partners and J.L. Berkowitz, Turney climbed to even higher heights – and, as it turned out, plummeted to even lower depths – as, by day, he solidified his reputation one of the Street’s most powerful healthcare traders, and by night, he blazed a path through the city’s nightclubs, showing off his social genius and voraciously inhaling any drug that would fill the void he felt inside.

A mesmerizingly immersive journey through Wall Street’s first millennial decade, and a poignant self portrait by a young man who surely would have destroyed himself were it not for his decision to walk away from a seven-figure annual income, The Buy Side is one of the best coming-of-age-on-the-Street books ever written.

The Buy Side by Turney Duff

2013-06-04T00:30:00-05:00

The Buy Side A Wall Street Trader's Tale of Spectacular Excess
Written by Turney Duff

From the Hardcover edition.

The Buy Side by Turney Duff

2013-06-04T00:30:00-05:00

The Buy Side A Wall Street Trader's Tale of Spectacular Excess
Written by Turney Duff
Read by Turney Duff

From the Hardcover edition.

Hedge Hogs by Barbara T. Dreyfuss

2013-05-21T00:30:00-05:00

Hedge Hogs The Cowboy Traders Behind Wall Street's Largest Hedge Fund Disaster
Written by Barbara T. Dreyfuss

Hardcover, 320 pages | Random House | Business & Economics - Finance; Business & Economics - Investments & Securities; Business & Economics - Industries - Energy Industries | $28.00 | May 21, 2013 | 978-1-4000-6839-5 (1-4000-6839-8)

For readers of The Smartest Guys in the Room and When Genius Failed, the definitive take on Brian Hunter, John Arnold, Amaranth Advisors, and the largest hedge fund collapse in history

At its peak, hedge fund Amaranth Advisors LLC had more than $9 billion in assets. A few weeks later, it completely collapsed. The disaster was largely triggered by one man: thirty-two-year-old hotshot trader Brian Hunter. His high-risk bets on natural gas prices bankrupted his firm and destroyed his career, while John Arnold, his rival at competitor fund Centaurus, emerged as the highest-paid trader on Wall Street. Meticulously researched and character-driven, Hedge Hogs is a riveting fly-on-the-wall account of the largest hedge fund collapse in history: a blistering tale of the recent past that explains our precarious present . . . and may predict our future.

Using emails, instant messages, court testimony, and exclusive interviews, securities analyst turned investigative reporter Barbara T. Dreyfuss charts the colliding paths of these two charismatic traders who dominated the speculative energy market. We follow Brian Hunter, the Canadian farm boy and elbows-out high school basketball star, as he achieves phenomenal early success, only to see his ambition, greed, and hubris precipitate his downfall. Set in relief is the journey of John Arnold, whose mild manner, sophisticated tastes, and low profile belied his own ferocious competitive streak. As the two clash, hundreds of millions of dollars in pension and endowment money is imperiled, with devastating public consequences.

Hedge Hogs takes you behind closed doors into the shadowy world of hedge funds, the unregulated wild side of finance, where over-the-top parties and lavish perks abound and billions of dollars of other people’s money are in the hands of a tiny elite. Dreyfuss traces the rise of this freewheeling industry while detailing the decades of bank, hedge fund, and commodity deregulation that turned Wall Street into a speculative casino.

A gripping saga peppered with fast money, vivid characters, and high drama, Hedge Hogs is also an important and timely cautionary tale—a vivisection of a financial system jeopardized by reckless practices, watered-down regulation, and loopholes in government oversight, just waiting for the next bust.

Advance praise for Hedge Hogs

“A telling insider’s story on how hedge funds are playing high-stakes poker for massive personal profits and stealing the American Dream from average families . . . This is a case study that cries out for tougher crackdowns on the derivatives game.”—Hedrick Smith, author of Who Stole the American Dream?

“The definitive take on the largest hedge fund collapse in history . . . You will not be able to put it down.”—Frank Partnoy, author of F.I.A.S.C.O. and Infectious Greed

“Dreyfuss smartly deploys her inside knowledge. . . . [Her] lucid, perceptive tour of the high-wire culture of hedge funds highlights how vapid Wall Street’s pretense of market expertise and risk analysis really is.”—Publishers Weekly

“A well-crafted investigation.”—Kirkus Reviews

“[Dreyfuss’s] work shines light on the little-known sector of unregulated energy trading in the wake of Enron.”—Booklist

Named One of the Top 10 Business & Economics Books of the Season by Publishers Weekly

Hedge Hogs by Barbara T. Dreyfuss

2013-05-21T00:30:00-05:00

Hedge Hogs The Cowboy Traders Behind Wall Street's Largest Hedge Fund Disaster
Written by Barbara T. Dreyfuss

eBook, 320 pages | Random House | Business & Economics - Finance; Business & Economics - Investments & Securities; Business & Economics - Industries - Energy Industries | $14.99 | May 21, 2013 | 978-0-679-60501-0 (0-679-60501-0)

The Mark Inside by Amy Reading

2013-02-26T00:30:00-05:00

The Mark Inside A Perfect Swindle, a Cunning Revenge, and a Small History of the Big Con
Written by Amy Reading

In 1919, Texas rancher J. Frank Norfleet lost everything he had in a stock market swindle—twice. But instead of slinking home in shame, he turned the tables on the confidence men. Armed with a revolver and a suitcase full of disguises, Norfleet set out to capture the five men who had conned him, allowing himself to be ensnared in the con again and again to gather evidence on his enemies. Through the story of Norfleet’s ingenious reverse-swindle, Amy Reading reveals the fascinating mechanics behind the big con—an artful performance targeted to the most vulnerable points of human nature—and invites you into the crooked history of a nation on the hustle, constantly feeding the hunger and the hope of the mark inside.

Street Smarts by Jim Rogers

2013-02-05T00:30:00-05:00

Street Smarts Adventures on the Road and in the Markets
Written by Jim Rogers

Wall Street legend and bestselling author Jim Rogers offers investing insights and economic, political, and social analysis, drawing on lessons and observations from his lifetime in the markets.

Jim Rogers, whose entertaining accounts of his travels around the world -- studying the markets from Russia to Singapore from the ground up-- has enthralled readers, investors and Wall Street aficionados for two decades in such books as Investment Biker, Adventure Capitalist, Hot Commodities and A Bull In China . In his engaging memoir Street Smarts, Rogers offers pithy commentary from a lifetime of adventure, from his early years growing up a naïve kid in Demopolis, Alabama, to his fledgling career on Wall Street, to his cofounding the wildly successful Quantum Fund. Rogers always had a restless curiosity to experience and understand the world around him.

In Street Smarts, he takes us through the highlights of his life in the financial markets, from his school days at Yale and Oxford -- where despite the fact that he didn’t have enough money to afford the appropriate pair of shoes, he coxed the crew and helped to win the Oxford-Cambridge Boat Race as well as the Thames Cup, the first of his three Guiness World Records -- to his first heady taste of Wall Street in the mid - 1960s, and his years helping to run the most successful hedge fund on Wall Street. As a result of his extraordinary success with the Quantum Fund, Rogers was able to retire at the age of thirty-seven. Since then he has taught classes in finance at Columbia University, hosted television programs, and traveled the world seeing firsthand how revolutions in Chile affect coffee prices in Seattle, and how shortages of copper in Africa affect electricity brownouts in Ohio.

In the course of his new book, Rogers offers often surprising observations on how the world works – and what trends he sees in the future. He explains why Asia will be the dominant economic force in the twenty-first century – and how he and his wife and two daughters moved to Singapore to prepare his family for the coming changes.. He discusses why America and the European Union are in decline, and what we need to do to right our economy and society. The age of Wall Street, Rogers claims, when the finance industry drove 25% of America’s growth, is over. Tomorrow’s economy will be driven by those who make things – food, energy, goods and consumables.
Regarded as one of the most astute investors Wall Street has ever known, Jim Rogers once again is at his acerbic and storytelling best.

Street Smarts by Jim Rogers

2013-02-05T00:30:00-05:00

Street Smarts Adventures on the Road and in the Markets
Written by Jim Rogers

Street Smarts by Michael Bybee

2013-02-05T00:30:00-05:00

Street Smarts Adventures on the Road and in the Markets
Written by Jim Rogers
Read by Michael Bybee

Antifragile: Things That Gain from Disorder by Nassim Nicholas Taleb

2012-11-27T00:30:00-05:00

Antifragile: Things That Gain from Disorder
Written by Nassim Nicholas Taleb

Nassim Nicholas Taleb, the bestselling author of The Black Swan and one of the foremost thinkers of our time, reveals how to thrive in an uncertain world.

Just as human bones get stronger when subjected to stress and tension, and rumors or riots intensify when someone tries to repress them, many things in life benefit from stress, disorder, volatility, and turmoil. What Taleb has identified and calls “antifragile” is that category of things that not only gain from chaos but need it in order to survive and flourish.

In The Black Swan, Taleb showed us that highly improbable and unpredictable events underlie almost everything about our world. In Antifragile, Taleb stands uncertainty on its head, making it desirable, even necessary, and proposes that things be built in an antifragile manner. The antifragile is beyond the resilient or robust. The resilient resists shocks and stays the same; the antifragile gets better and better.

Furthermore, the antifragile is immune to prediction errors and protected from adverse events. Why is the city-state better than the nation-state, why is debt bad for you, and why is what we call “efficient” not efficient at all? Why do government responses and social policies protect the strong and hurt the weak? Why should you write your resignation letter before even starting on the job? How did the sinking of the Titanic save lives? The book spans innovation by trial and error, life decisions, politics, urban planning, war, personal finance, economic systems, and medicine. And throughout, in addition to the street wisdom of Fat Tony of Brooklyn, the voices and recipes of ancient wisdom, from Roman, Greek, Semitic, and medieval sources, are loud and clear.

Antifragile is a blueprint for living in a Black Swan world.

Erudite, witty, and iconoclastic, Taleb’s message is revolutionary: The antifragile, and only the antifragile, will make it.

Praise for Antifragile

“Taleb takes on everything from the mistakes of modern architecture to the dangers of meddlesome doctors and how overrated formal education is. . . . An ambitious and thought-provoking read . . . highly entertaining.”—The Economist

“This is a bold, entertaining, clever book, richly crammed with insights, stories, fine phrases and intriguing asides. . . . I will have to read it again. And again.”—The Wall Street Journal

“[Taleb] writes as if he were the illegitimate spawn of David Hume and Rev. Bayes, with some DNA mixed in from Norbert Weiner and Laurence Sterne. . . . Taleb is writing original stuff—not only within the management space but for readers of any literature—and . . . you will learn more about more things from this book and be challenged in more ways than by any other book you have read this year. Trust me on this.”—Harvard Business Review

“By far my favorite book among several good ones published in 2012. In addition to being an enjoyable and interesting read, Taleb’s new book advances general understanding of how different systems operate, the great variation in how they respond to unthinkables, and how to make them more adaptable and agile. His systemic insights extend very well to company-specific operational issues—from ensuring that mistakes provide a learning process to the importance of ensuring sufficient transparency to the myriad of specific risk issues.”—Mohamed El-Erian, CEO of PIMCO, Bloomberg

Antifragile: Things That Gain from Disorder by Nassim Nicholas Taleb

2012-11-27T00:30:00-05:00

Antifragile: Things That Gain from Disorder
Written by Nassim Nicholas Taleb

Antifragile: Things That Gain from Disorder by Joe Ochman

2012-11-27T00:30:00-05:00

Antifragile: Things That Gain from Disorder
Written by Nassim Nicholas Taleb
Read by Joe Ochman

Antifragile: Things That Gain from Disorder by Joe Ochman

2012-11-27T00:30:00-05:00

Antifragile: Things That Gain from Disorder
Written by Nassim Nicholas Taleb
Read by Joe Ochman

Random House New Releases - Business & Economics - Investments & Securities - Between May 23, 2012 and June 22, 2013.

The Buy Side by Turney Duff

The Buy Side A Wall Street Trader's Tale of Spectacular ExcessWritten by Turney Duff

The Buy Side by Turney Duff

The Buy Side A Wall Street Trader's Tale of Spectacular ExcessWritten by Turney Duff

The Buy Side by Turney Duff

The Buy Side A Wall Street Trader's Tale of Spectacular ExcessWritten by Turney Duff Read by Turney Duff

Hedge Hogs by Barbara T. Dreyfuss

Hedge Hogs The Cowboy Traders Behind Wall Street's Largest Hedge Fund DisasterWritten by Barbara T. Dreyfuss

Hedge Hogs by Barbara T. Dreyfuss

Hedge Hogs The Cowboy Traders Behind Wall Street's Largest Hedge Fund DisasterWritten by Barbara T. Dreyfuss

The Mark Inside by Amy Reading

The Mark Inside A Perfect Swindle, a Cunning Revenge, and a Small History of the Big ConWritten by Amy Reading

Street Smarts by Jim Rogers

Street Smarts Adventures on the Road and in the MarketsWritten by Jim Rogers

Street Smarts by Jim Rogers

Street Smarts Adventures on the Road and in the MarketsWritten by Jim Rogers

Street Smarts by Michael Bybee

Street Smarts Adventures on the Road and in the MarketsWritten by Jim Rogers Read by Michael Bybee

Antifragile: Things That Gain from Disorder by Nassim Nicholas Taleb

Antifragile: Things That Gain from Disorder Written by Nassim Nicholas Taleb

Antifragile: Things That Gain from Disorder by Nassim Nicholas Taleb

Antifragile: Things That Gain from Disorder Written by Nassim Nicholas Taleb

Antifragile: Things That Gain from Disorder by Joe Ochman

Antifragile: Things That Gain from Disorder Written by Nassim Nicholas Taleb Read by Joe Ochman

Antifragile: Things That Gain from Disorder by Joe Ochman

Antifragile: Things That Gain from Disorder Written by Nassim Nicholas Taleb Read by Joe Ochman

The Buy Side A Wall Street Trader's Tale of Spectacular Excess
Written by Turney Duff

The Buy Side A Wall Street Trader's Tale of Spectacular Excess
Written by Turney Duff

The Buy Side A Wall Street Trader's Tale of Spectacular Excess
Written by Turney Duff
Read by Turney Duff

Hedge Hogs The Cowboy Traders Behind Wall Street's Largest Hedge Fund Disaster
Written by Barbara T. Dreyfuss

Hedge Hogs The Cowboy Traders Behind Wall Street's Largest Hedge Fund Disaster
Written by Barbara T. Dreyfuss

The Mark Inside A Perfect Swindle, a Cunning Revenge, and a Small History of the Big Con
Written by Amy Reading

Street Smarts Adventures on the Road and in the Markets
Written by Jim Rogers

Street Smarts Adventures on the Road and in the Markets
Written by Jim Rogers

Street Smarts Adventures on the Road and in the Markets
Written by Jim Rogers
Read by Michael Bybee

Antifragile: Things That Gain from Disorder
Written by Nassim Nicholas Taleb

Antifragile: Things That Gain from Disorder
Written by Nassim Nicholas Taleb

Antifragile: Things That Gain from Disorder
Written by Nassim Nicholas Taleb
Read by Joe Ochman

Antifragile: Things That Gain from Disorder
Written by Nassim Nicholas Taleb
Read by Joe Ochman