Jim Paul's meteoric rise took him from a small town in Northern Kentucky to governor of the Chicago Mercantile Exchange, yet he lost it all--his fortune, his reputation, and his job--in one fatal attack of excessive economic hubris. In this honest, frank analysis, Paul and Brendan Moynihan revisit the events that led to Paul's disastrous decision and examine the psychological factors behind bad financial practices in several economic sectors. This book--winner of a 2014 Axiom Business Book award gold medal--begins with the unbroken string of successes that helped Paul achieve a jet-setting lifestyle and land a key spot with the Chicago Mercantile Exchange. It then describes the circumstances leading up to Paul's $1.6 million loss and the essential lessons he learned from it--primarily that, although there are as many ways to make money in the markets as there are people participating in them, all losses come from the same few sources. Investors lose money in the markets either because of errors in their analysis or because of psychological barriers preventing the application of analysis. While all analytical methods have some validity and make allowances for instances in which they do not work, psychological factors can keep an investor in a losing position, causing him to abandon one method for another in order to rationalize the decisions already made. Paul and Moynihan's cautionary tale includes strategies for avoiding loss tied to a simple framework for understanding, accepting, and dodging the dangers of investing, trading, and speculating.
OVERVIEW Secrets of Unclaimed $400 Billion Dollars Lost Fortunes Held By the U.S. Government; How To Claim Your Share. AN AUTHORITATIVE GUIDE FOR OWNERS OF UNCLAIMED PROPERTY AND CAREER LOCATORS. AN INCREDIBLE HOW-TO-DO-IT BOOK THAT COULD CHANGE YOUR FINANCIAL FUTURE !! Nine out of ten Americas based on reliable sources have some kind of money sitting latent in government treasuries, state and federal. You could be one of those. For many many years, forgotten money continue to grow and crowd government treasuries because owners and next of kin to deceased relative owners cannot be found. Within the last ten yeaes lost or forgotten unclaimed assets of individuals have skyrocketted to over $400 Billion dollars, and continue to grow. Government is waiting and has been making effort to find owners to come forth and claim their money, but the rate is minimal. The funds continue to pile up year after year in government treasuries. New York unclaimed property alone is estimated to be over $5 billion. California figure stands at $3 billion. Many other states figures are in millions and millions of dollars. These forgotten money accumulate from daily business transactions of individuals. After a while people forget all about it, and then the funds are turned over to the state treasury for safekeeping until the owner comes forward to claim it.These assets are from checking and savings accounts; insurance proceeds; corporation stocks and dividends; U.S.savings bonds; security deposits with utility companies; uncashed government checks; gift certificates and credit memo issued by department stores; royalties paid to owners of minerals, inventions, authors, music recordings, motion pictures, other forms of creativity; and contents of safe deposit box from banks. This book offers an opportunity to learn how to claim your share of unclaimed funds. It is also a manual for Locators who wish to make a living assisting owners and heirs, who cannot claim the funds themselves, for a fee and hefty reward as much as 50%. The book target audience are schools, libraries, senior citizen centers, hospitals, community centers, online booksellers, military installations and bases, and anywhere Americans reside or do business, as .they may be the rightful owners or heirs of this huge unclaimed funds to be claimed. Library of Congress Ref: #: TX 6 844 125 Addendum to Book Free Preview It is established and documented by authorities that unclaimed property belonging to millions of Americans throughout the United States, stood at $400 billion dollars in 2005, held at state and federal treasuries. Government is urging people to come forth to claim their money, but the rate of claim is very slow. People wonder if they have unclaimed money held by the government. Definitely they do. This book will show the procedure on how to claim your funds. It will also prepare aspiring Locators the permissible way to operate to conform to government rules, for his important position, to assist owners claim their funds speedly, in full amount without hassle. How People Loose their Money: Individuals loose or forget their money in many ways, but typically by accident, forgetfulness, or death. The money is still yours, but you must follow the procedure as elaborated in my book and put a claim. Also, great many owners and beneficiaries cannot claim their money themselves due to physical handicap, in the hospital, or mentally impaired. These exigencies prompted the idea of elaborate exposition on the Locator job as a career, not a hobby, and shows what he or she need to do to perform his job with dignity, trust, and in a professional manner.. Vital Records and Resources for the Locator: The resources for the Locator to function efficiently are presented in great detail in the book, including, how to perform heir searches in the absence of a compute
Two months before David Silverman’s 32nd birthday, he visited the Charles Schwab branch in the basement of the World Trade Center to wire his father’s life savings towards the purchase of the Clarinda Typesetting company in Clarinda, Iowa. Typo tells the true story of the Clarinda company’s last rise and fall — and with it one entrepreneur’s story of what it means to take on, run, and ultimately lose an entire life’s work. This book is an American dream run aground, told with humor despite moments of tragedy. The story reveals the impact of losing part of an entire industry and answers questions about how that impacts American business. The reader sees in Clarinda’s fate the potential peril faced by every company, and the lessons learned are applicable to anyone who wants to run his or her own business, succeed in a large corporation, and not be stranded by the reality of shifting markets, outsourcing, and, ultimately, capitalism itself.
"I come from Des Moines. Somebody had to." And, as soon as Bill Bryson was old enough, he left. Des Moines couldn't hold him, but it did lure him back. After ten years in England he returned to the land of his youth, and drove almost 14,000 miles in search of a mythical small town called Amalgam, the kind of smiling village where the movies from his youth were set. Instead he drove through a series of horrific burgs, which he renamed Smellville, Fartville, Coleslaw, Coma, and Doldrum. At best his search led him to Anywhere, USA, a lookalike strip of gas stations, motels and hamburger outlets populated by obese and slow-witted hicks with a partiality for synthetic fibres. He discovered a continent that was doubly lost: lost to itself because he found it blighted by greed, pollution, mobile homes and television; lost to him because he had become a foreigner in his own country.