Four Centuries of Speculation and Commodity Markets From Tulips to Bitcoins is a fascinating look at big events in commodity and crypto markets from the Dutch Tulip Mania to Bitcoins today. It covers the Silver Thursday and the Hunt Brothers, the doom of Amaranth Advisors and Brian Hunter, Copper and the Congo, Gold, Rare Earths, Energy Metals, and Bitcoins, which rose from below 1,000 USD to above 20,000 USD within a year. These markets are on a crossroad of investing mega trends like demographics, climate change, electrification, and digitalization. By studying and learning from our past, we can make better decisions about the future. As Benjamin Franklin said, “An investment in knowledge pays the best interest.”
Examining the consequences of greed in today's society Fear and greed are among the strongest motivators. They influence all our decisions. Every day, we see the lives of the fabulous and famous in the press, on TV, and on social media, and we envy them for their luxurious lifestyle. We want it all too! Games of Greed reveals how some of these people let greed get the better of them. This book connects the dots between the Panama Papers, Bernie Madoff, famous rough traders, and con artists like Nick Leeson, Jérôme Kerviel, Billy McFarland, and Jordan Belfort, the real Wolf of Wall Street. It reveals the excesses of Main Street and Wall Street and Silicon Valley, and even loafing Las Vegas—art heists, stock markets, bitcoins, and festival fraud. In this insightful book, Torsten Dennin demonstrates the pitfalls of greed through many examples of people who, like Icarus, flew too high and fell with catastrophic consequences. In the current day and age of increasing financial tensions and fewer planetary resources, his analysis of greed is both relevant and timely.
TULIP MANIA was a period in the 1630's when contract prices for some bulbs of the newly introduced tulip reached extraordinarily high levels and then dramatically collapsed in 1637. The term "tulip mania" is now often used to refer to any large economic bubble when asset prices deviate from intrinsic values. BITCOIN is a digital cryptocurrency introduced in 2009 with an intrinsic value that texts only in cyberspace. Its markets value has surged from fractions of a cent to almost $20,000 USD at this printing. Some investors believe it will break $100K, $1M, or even $5M over the next decade. Unlike gold or silver or other tangible assets, it exists as lines of computer code.Is it a major change in world finance, or simply latest tulip mania for geeks, as one Dutch finance official stated?In this book we address the strengths and vulnerabilities of Bitcoin and other cryptocurrencies.- When a business allows their customers to use Bitcoins to make payments it is an advantage to the buyer because they do not have to share any of their confidential financial details such as debit or credit card numbers.- With conventional payment methods a business usually stores the customer's financial data for future transactions. This is fine if their systems are secure and they do not suffer from any data breaches where cyber criminals can steal their information.- Hackers cannot intercept a Bitcoin transaction. - There is no Inflation or deflation with Bitcoin. No government can manipulate the supply, increasing or decreasing it as with fiat currencies. - The transaction fees are lower than with credit cards or wire transfers.- Once a Bitcoin transaction goes through then it is irreversible; there can be no charge-backs.- There are no third parties involved in Bitcoin. No government can seize your Bitcoins or freeze your account. - It is very difficult to steal Bitcoins if you secure them in the right way... as we show you. - Faster and less expensive International Payments. You can make a payment in Bitcoins anywhere in the world for a very small transaction charge. The recipient also receives the Bitcoins a lot faster than an international bank transfer.While many are interested in using Bitcoin for sales and purchases, others prefer to invest in the relative value of cryptocurrencies against the US dollar or other world currencies. We offer super-simple strategies to help you get started.It's said that Knowledge is Power. These days, Knowledge is also Wealth.
This incisive and thought-provoking book examines the regulation of cryptocurrency trading by state and federal financial services regulators, in order to understand why these statutes proved to be ineffective in regulating this new asset class. Furthermore, it analyzes and evaluates pending proposals in Congress for more effective cryptocurrency regulation.
Why do the Dutch continue to play a central role in the global production, sales, and distribution of flowers? What are the origin and history of the bulb and flower industry in the Netherlands? How are Artificial Intelligence (AI), complex algorithms, and modern distribution systems ensuring that fresh flowers reach their destination on time? This very entertaining and informative book introduces readers to the global flower business, and highlights the surprising factors that helped the Dutch become global leaders on the flower markets. The book reveals the complexity of the flower markets in terms of their ability to produce, transport, and deliver fresh flowers on a global scale. In addition, it explores how information advantage is created by blending business with technology, from robotized glasshouses to the use of AI-driven algorithms for flower production and distribution. In closing, the book presents lessons learned regarding the circular and digital transformation of the high-speed flower business and markets in order to deliver sustainable value for customers. Combining the light beauty of flowers with the harsh language of the digital universe is a masterfully executed task in this book, organized as a bouquet of algorithms, data science, and digital platforms. Mandatory reading for all those interested in the flower business as well as for those who want to know more about the perfume emanating from digital systems. Eduardo Diniz Professor and Head of the Technology and Data Science Department, Escola de Administração de Empresas de São Paulo, Fundação Getulio Vargas, São Paulo, Brazil This unique book leads you through the bulb fields and auctions of the Netherlands, through history, logistics, auction design, and Internet technology, to draw lessons in business management from the study of flowers. With beautiful illustrations. A tour de force. John Kay Economist, Author of Radical Uncertainty and Greed is Dead, and Fellow, St. John’s College, University of Oxford, Oxford, United Kingdom If you want to understand the impact of information and technology on a fascinat- ing industry, this book is a must-read. The author explains in a highly intriguing way how innovations propelled the flower industry from the sixteenth century till today. Whether you are working in the flower industry, a business student, academic, or just intrigued by the business behind flowers, you will enjoy this book! Martin Mocker Professor of Information Systems, ESB Business School, Reutlingen University, Reutlingen, Germany. Research Affiliate, MIT Sloan Center for Information Systems Research, Cambridge, USA
The key questions that need to be asked in every corporate governance analysis are 'who is running the firm' and 'how is accountability ensured'. When governance breaks down it is because of too much power concentration or not enough accountability or both. Practitioner or analyst, concerned with the listed firm or the non-listed, the reader of this book will gain a precise understanding of the causes and take away a practical toolbox for preventing future incidents of corporate governance failure.
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