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"The saga of GameStop and other meme stocks is revealed with the skill of a thrilling whodunit. Jakab writes with an anti-Midas touch. If he touched gold, he would bring it to life." --Burton G. Malkiel, author of A Random Walk Down Wall Street From Wall Street Journal columnist Spencer Jakab, the real story of the GameStop squeeze—and the surprising winners of a rigged game. During one crazy week in January 2021, a motley crew of retail traders on Reddit’s r/wallstreetbets forum had seemingly done the impossible—they had brought some of the biggest, richest players on Wall Street to their knees. Their weapon was GameStop, a failing retailer whose shares briefly became the most-traded ...
INVESTING IS ONE OF THE FEW AREAS IN LIFE WHERE EVEN VERY SMART PEOPLE LET HOPE TRIUMPH OVER EXPERIENCE According to Wall Street Journal investing columnist Spencer Jakab, most of us have no idea how much money we’re leaving on the table—or that the average saver doesn’t come anywhere close to earning the “average” returns touted in those glossy brochures. We’re handicapped not only by psychological biases and a fear of missing out, but by an industry with multimillion-dollar marketing budgets and an eye on its own bottom line, not yours. Unless you’re very handy, you probably don’t know how to fix your own car or give a family member a decent haircut. But most Americans ar...
Please note: This is a companion version & not the original book. Book Preview: #1 In 2021, a financial wellness expert named Keith Patrick Gill testified before Congress about the dangers of the stock market. He had become rich by betting on the stock of a single company, and he had modern social media and trading apps to thank for it. #2 The hearing was a solution in search of a problem. It was a missed opportunity to expose how a hugely profitable business makes its money from the savings of novice investors. For decades, Americans have been forced to navigate a confusing maze of slick marketing messages from companies seeking to help them invest their money. #3 The committee hearing was ...
Please note: This is a companion version & not the original book. Sample Book Insights: #1 In 2021, a financial wellness expert named Keith Patrick Gill testified before Congress about the dangers of the stock market. He had become rich by betting on the stock of a single company, and he had modern social media and trading apps to thank for it. #2 The hearing was a solution in search of a problem. It was a missed opportunity to expose how a hugely profitable business makes its money from the savings of novice investors. For decades, Americans have been forced to navigate a confusing maze of slick marketing messages from companies seeking to help them invest their money. #3 The committee hear...
From Wall Street Journal columnist Spencer Jakab, the real story of the GameStop squeeze - and the surprising winners of a rigged game. 'Jakab adeptly skewers the popular but dangerously wrong narrative of Reddit's David thumping Wall Street's Goliath, and shows how the casino always wins in the end. DeepF***ingRespect for an important book with lessons far more durable than GameStop's stock market levitation.' Robin Wigglesworth, author of Trillions During one crazy week in January 2021, a motley crew of retail traders on Reddit's r/wallstreetbets forum had seemingly done the impossible - they had brought some of the biggest, richest players on Wall Street to their knees. Their weapon was G...
From the Nobel Prize–winning economist and former chair of the U.S. Federal Reserve, a landmark book that provides vital lessons for understanding financial crises and their sometimes-catastrophic economic effects As chair of the U.S. Federal Reserve during the Global Financial Crisis, Ben Bernanke helped avert a greater financial disaster than the Great Depression. And he did so by drawing directly on what he had learned from years of studying the causes of the economic catastrophe of the 1930s—work for which he was later awarded the Nobel Prize. This influential work is collected in Essays on the Great Depression, an important account of the origins of the Depression and the economic lessons it teaches.
In a debut novel reminiscent of "The Nanny Diaries," a young SAT tutor reveals the glossy private world of Park Avenue teens whose parents will do anything to help them keep their advantage.
Enthrall Your Readers! Suspense is one of the most powerful tools a writer has for captivating readers--but it isn't just for thrillers. From mainstream fiction to memoir, suspense creates the emotional tension that keeps readers on the edge of their seats. Mastering Suspense, Structure, & Plot is your hands-on guide to weaving suspense into your narrative. Award-winning author Jane K. Cleland teaches you how to navigate genre conventions, write for your audience, and build gripping tension to craft an irresistible page-turner. Inside, Cleland will show you how to: • Implement thirteen no-fail techniques to construct an effective plot and structure for your story • Use Cleland's Plotting...
A simple guide to a smarter strategy for the individual investor A Wealth of Common Sense sheds a refreshing light on investing, and shows you how a simplicity-based framework can lead to better investment decisions. The financial market is a complex system, but that doesn't mean it requires a complex strategy; in fact, this false premise is the driving force behind many investors' market "mistakes." Information is important, but understanding and perspective are the keys to better decision-making. This book describes the proper way to view the markets and your portfolio, and show you the simple strategies that make investing more profitable, less confusing, and less time-consuming. Without ...
The author of Getting Things Done makes recommendations for altering one's perspectives in order to see life as a game that can be won, offering suggestions for handling information overload, achieving focus, and trusting oneself while making decisions. 125,000 first printing.