The Caesars Palace Coup

The Caesars Palace Coup
Author: Sujeet Indap,Max Frumes
Pages: 329
ISBN: 9781635766769
Available:
Release: 2021-03-16
Editor: Diversion Books
Language: en

Explanation of the Book:

From the Vegas Strip to Wall Street boardrooms and Federal courts, modern corporate titans collide in this explosive true story of how private equity firm Apollo Global Management's thirty-billion-dollar buyout of Caesars Entertainment turned into unprecedented bankruptcy of the gaming empire. In the bestselling tradition of Michael Lewis's The Big Short and Ben Mezrich’s Bringing Down the House, journalists Max Frumes and Sujeet Indap deliver a page-turning account of the spectacular 2015 bankruptcy of America’s biggest gaming empire, Caesars Entertainment. Backdropping this thrilleresque narrative are the jokers, kings, and called bluffs at the center of the modern distressed-debt-investing world. Distressed-debt investing, dubbed “vulture investing” in its infancy, is the buying of debt of struggling corporations, institutions, and even cities or countries—and making a windfall profit on a turnaround. In covering the extraordinary Caesars case, The Caesars Palace Coup presents a riches-to-rags adventure unlike any other as it appraises the battling billionaires who held the cards in 2008's leveraged buyout. This wild coup’s scope spans courtrooms, levels of government, academic halls, and ultimately involves an entire corrupt system of liar’s poker. Readers will discover just how rivetingly sophisticated—and underhanded—the high-stakes finance battleground has become. Authors Frumes and Indap, experienced business journalists, illuminate the major players and businesspeople at the tipping points of almost every major vulture’s turnaround in recent history. The Caesars Palace Coup reveals the cut-throat, multilevel competition enacted by powerful investors used to getting their own way. And goes one step further to consider the devastating, true impact of the upheaval wrought by their actions. It’s a treacherous game. Roll the dice.

Palace Coup

Palace Coup
Author: Sujeet Indap,Max Frumes
Pages: 288
ISBN: 163576677X
Available:
Release: 2020-10-06
Editor: Diversion Books
Language: en

Explanation of the Book:

Modern corporate titans collide in this explosive true story of how private equity firm Apollo Global Management's thirty-billion-dollar buyout of Caesars Entertainment turned into unprecedented bankruptcy of the gaming empire. In the bestselling tradition of Michael Lewis's The Big Short and Ben Mezrich's Bringing Down the House, journalists Max Frumes and Sujeet Indap deliver a page-turning account of the spectacular 2015 bankruptcy of America's biggest gaming empire, Caesars Entertainment. Backdropping this thrilleresque narrative are the jokers, kings, and called bluffs at the center of the modern distressed-debt-investing world. Distressed-debt investing, dubbed "vulture investing" in its infancy, is the buying of debt of struggling corporations, institutions, and even cities or countries--and making a windfall profit on a turnaround. In covering the extraordinary Caesars case, Palace Coup presents an unforgettable depiction of a riches-to-rags adventure unlike any other as it appraises the battling billionaires who held the cards in 2008's leveraged buyout. This wild coup's scope spans courtrooms, levels of government, academic halls, and ultimately involves an entire corrupt system of liar's poker. Readers will discover just how rivetingly sophisticated--and underhanded--the high-stakes finance battleground has become. Authors Frumes and Indap, experienced business journalists, illuminate the major players and businesspeople at the tipping points of almost every major vulture's turnaround in recent history. Palace Coup reveals the cut-throat, multilevel competition enacted by powerful investors used to getting their own way. And goes one step further to consider the devastating, true impact of the upheaval wrought by their actions. It's a treacherous game. Roll the dice.

Distressed Debt Analysis

Distressed Debt Analysis
Author: Stephen G. Moyer
Pages: 472
ISBN: 9781932159189
Available:
Release: 2004-11-15
Editor: J. Ross Publishing
Language: en

Explanation of the Book:

'Distressed Debt Analysis' is an essential reference for anyone involved in the valuation, bankruptcy, or restructuring of US-domiciled businesses.

Sovereign Debt Crisis

Sovereign Debt Crisis
Author: D. Chorafas
Pages: 275
ISBN: 9780230307124
Available:
Release: 2011-06-13
Editor: Springer
Language: en

Explanation of the Book:

Restructuring the balance sheets of Western governments, banks and households is an important issue in the recovery after the recent crisis. Chorafas' latest book focuses on sovereign debt, sovereign risk and the developing economic and financial business climate and explains why the year of the big crisis may fall in the middle of this decade.

Palace Coup

Palace Coup
Author: Michael Moss
Pages: 346
ISBN: 038524973X
Available:
Release: 1989
Editor: Doubleday Books
Language: en

Explanation of the Book:

Traces the real estate and development deals by which the Helmsleys built their lucrative hotel empire and charts the charges of tax evasion and extortion faced by the Helmsleys

Python for MBAs

Python for MBAs
Author: Mattan Griffel,Daniel Guetta
Pages: 329
ISBN: 9780231550574
Available:
Release: 2021-05-04
Editor: Columbia University Press
Language: en

Explanation of the Book:

From the ads that track us to the maps that guide us, the twenty-first century runs on code. The business world is no different. Programming has become one of the fastest-growing topics at business schools around the world. An increasing number of MBAs are choosing to pursue careers in tech. For them and other professionals, having some basic coding knowledge is a must. This book is an introduction to programming with Python for MBA students and others in business positions who need a crash course. One of the most popular programming languages, Python is used for tasks such as building and running websites, data analysis, machine learning, and natural-language processing. Drawing on years of experience providing instruction in this material at Columbia Business School as well as extensive backgrounds in technology, entrepreneurship, and consulting, Mattan Griffel and Daniel Guetta teach the basics of programming from scratch. Beginning with fundamentals such as variables, strings, lists, and functions, they build up to data analytics and practical ways to derive value from large and complex datasets. They focus on business use cases throughout, using the real-world example of a major restaurant chain to offer a concrete look at what Python can do. Written for business students with no previous coding experience and those in business roles that include coding or working with coding teams, Python for MBAs is an indispensable introduction to a versatile and powerful programming language.

A Fatal Thing Happened on the Way to the Forum

A Fatal Thing Happened on the Way to the Forum
Author: Emma Southon
Pages: 352
ISBN: 9781647002329
Available:
Release: 2021-03-09
Editor: Abrams
Language: en

Explanation of the Book:

An entertaining and informative look at the unique culture of crime, punishment, and killing in Ancient Rome In Ancient Rome, all the best stories have one thing in common—murder. Romulus killed Remus to found the city, Caesar was assassinated to save the Republic. Caligula was butchered in the theater, Claudius was poisoned at dinner, and Galba was beheaded in the Forum. In one 50-year period, 26 emperors were murdered. But what did killing mean in a city where gladiators fought to the death to sate a crowd? In A Fatal Thing Happened on the Way to the Forum, Emma Southon examines a trove of real-life homicides from Roman history to explore Roman culture, including how perpetrator, victim, and the act itself were regarded by ordinary people. Inside Ancient Rome's darkly fascinating history, we see how the Romans viewed life, death, and what it means to be human.

Dynasty

Dynasty
Author: Tom Holland
Pages: 512
ISBN: 9780748127894
Available:
Release: 2015-09-03
Editor: Little, Brown Book Group
Language: en

Explanation of the Book:

Rome was first ruled by kings, then became a republic. But in the end, after conquering the world, the Republic collapsed. Rome was drowned in blood. So terrible were the civil wars that the Roman people finally came to welcome the rule of an autocrat who could give them peace. 'Augustus,' their new master called himself: 'The Divinely Favoured One'. The lurid glamour of the dynasty founded by Augustus has never faded. No other family can compare for sheer unsettling fascination with its gallery of leading characters. Tiberius, the great general who ended up a bitter recluse, notorious for his perversions; Caligula, the master of cruelty and humiliation who rode his chariot across the sea; Agrippina, the mother of Nero, manoeuvering to bring to power the son who would end up having her murdered; Nero himself, racing in the Olympics, marrying a eunuch, and building a pleasure palace over the fire-gutted centre of his capital. Now, in the sequel to Rubicon, Tom Holland gives a dazzling portrait of Rome's first imperial dynasty. Dynasty traces the full astonishing story of its rule of the world: both the brilliance of its allure, and the blood-steeped shadows cast by its crimes. Ranging from the great capital rebuilt in marble by Augustus to the dank and barbarian-haunted forests of Germany, it is populated by a spectacular cast: murderers and metrosexuals, adulterers and druids, scheming grandmothers and reluctant gladiators. Dynasty is the portrait of a family that transformed and stupefied Rome.

Lessons from the Titans What Companies in the New Economy Can Learn from the Great Industrial Giants to Drive Sustainable Success

Lessons from the Titans  What Companies in the New Economy Can Learn from the Great Industrial Giants to Drive Sustainable Success
Author: Scott Davis,Carter Copeland,Rob Wertheimer
Pages: 288
ISBN: 9781260468403
Available:
Release: 2020-07-14
Editor: McGraw Hill Professional
Language: en

Explanation of the Book:

Three top Wall Street analysts reveal enduring lessons in sustainable success from the great industrial titans—the high-tech companies of their day—to the disruptors that now dominate the economy. Before Silicon Valley disrupted the world with new technologies and business models, America’s industrial giants paved the way. Companies like General Electric, United Technologies, and Caterpillar were the Google and Amazon of their day, setting gold standards in innovation, growth, and profitability. Today’s leaders can learn a great deal from their successes, as well as their missteps. In this essential guide, three veteran Wall Street analysts reveal timeless lessons from the titans of industry—and offer battle-tested survival tactics for an ever-changing world. You’ll learn: how GE became the largest company on earth—only for a culture of arrogance to set in motion the largest collapse in history how Boeing reassessed risks, raised profits—and tragically lost its balance how Danaher avoided the pitfalls of tremendous success—by continually reinventing itself how Honeywell experienced a near-fatal cultural breakdown—and executed a flawless turnaround how Caterpillar relied too much on forecasting, lost billions—and rallied by recommitting to the basics Filled with illuminating case studies and brilliant in-depth analysis, this invaluable book provides a multitude of insights that will help you weather market upheavals, adapt to disruptions, and optimize your resources to your best advantage. You’ll learn hard-won lessons in innovation, growth, resilience, and operational excellence, as well as the time-proven fundamentals of continuous improvement for lasting success. In the end, you’ll have your own personal toolbox of useful takeaways from more than a century’s worth of data, experience, wisdom, and can-do spirit, courtesy of some of the greatest business enterprises of all time. This is how manufacturers survived the first disruptors of technology—and how today’s giants can survive and thrive during continuous cycles of disruption.

For the Love of Money

For the Love of Money
Author: Sam Polk
Pages: 288
ISBN: 9781476785998
Available:
Release: 2017-07-11
Editor: Simon and Schuster
Language: en

Explanation of the Book:

"A former hedge-fund trader presents a memoir about coming of age on Wall Street, his obsessive pursuit of money, his disillusionment and the radical new way he has come to define success, "--NoveList.

Kings of Crypto

Kings of Crypto
Author: Jeff John Roberts
Pages: 256
ISBN: 9781647820190
Available:
Release: 2020-12-15
Editor: Harvard Business Press
Language: en

Explanation of the Book:

"Tech writer Roberts debuts with a page-turning account of the rise of cryptocurrency exchange Coinbase from the Y Combinator startup incubator to becoming a 'pillar of the larger crypto economy.'" — Publisher's Weekly For a moment late in 2018, one bitcoin, which physically amounts to a few electrons blipping on a tiny bit of silicon, was worth $20,000—the same as a pound of gold. Libertarian technologists who believed bitcoin would be the foundation of a new world order saw the moment as an apotheosis. Everyone else saw a bubble. Everyone else was right, and the bubble burst. But bitcoin survived, and the battle for its soul rages on. Kings of Crypto drops us into the unfolding drama, tracing the rise, fall, and rebirth of cryptocurrency through the experiences of major players across the globe. We follow Silicon Valley entrepreneur Brian Armstrong and the turbulent rocket ride of his startup, Coinbase, as he tries to take bitcoin mainstream while fighting off hackers, thieves, and zealots. Author Jeff John Roberts keenly observes the world of virtual currencies and what happens when startups try to disrupt the world of high finance. Clear explanations of crypto technology are woven into an amazing landscape full of meme-fueled startup hijinks, hacking (so much hacking!), shady investors, government investigations, billionaire bros and their Lambos, and closed-door meetings with Jamie Dimon. This is the surprising story of the origins of cryptocurrency and how it is changing money forever.

Dethroning the King

Dethroning the King
Author: Julie MacIntosh
Pages: 416
ISBN: 9781118202821
Available:
Release: 2011-09-20
Editor: John Wiley & Sons
Language: en

Explanation of the Book:

How the King of Beers collapsed without a fight and what itmeans for America's place in the post-Recession world How did InBev, a Belgian company controlled by Brazilians, takeover one of America's most beloved brands with scarcely a whimperof opposition? Chalk it up to perfect timing—and someunexpected help from powerful members of the Busch dynasty, thevery family that had run the company for more than a century. InDethroning the King, Julie MacIntosh, the award-winningfinancial journalist who led coverage of the takeover for theFinancial Times, details how the drama that unfolded atAnheuser-Busch in 2008 went largely unreported as the world tumbledinto a global economic crisis second only to the Great Depression.Today, as the dust settles, questions are being asked about how the"King of Beers" was so easily captured by a foreign corporation,and whether the company's fall mirrors America's dwindlingfinancial and political dominance as a nation. Discusses how the takeover of Anheuser-Busch will be seen as adefining moment in U.S. business history Reveals the critical missteps taken by the Busch family and theAnheuser-Busch board Argues that Anheuser-Busch had a chance to save itself fromInBev's clutches, but infighting and dysfunctionality behind thescenes forced it to capitulate From America's heartland to the European continent to Brazil,Dethroning the King is the ultimate corporate caper and afascinating case study that's both wide reaching and profound.

Finding Alphas

Finding Alphas
Author: Igor Tulchinsky
Pages: 272
ISBN: 9781119057864
Available:
Release: 2015-09-28
Editor: John Wiley & Sons
Language: en

Explanation of the Book:

Design more successful trading systems with this practical guide to identifying alphas Finding Alphas seeks to teach you how to do one thing and do it well: design alphas. Written by experienced practitioners from WorldQuant, including its founder and CEO Igor Tulchinsky, this book provides detailed insight into the alchemic art of generating trading signals, and gives you access to the tools you need to practice and explore. Equally applicable across regions, this practical guide provides you with methods for uncovering the hidden signals in your data. A collection of essays provides diverse viewpoints to show the similarities, as well as unique approaches, to alpha design, covering a wide variety of topics, ranging from abstract theory to concrete technical aspects. You'll learn the dos and don'ts of information research, fundamental analysis, statistical arbitrage, alpha diversity, and more, and then delve into more advanced areas and more complex designs. The companion website, www.worldquantchallenge.com, features alpha examples with formulas and explanations. Further, this book also provides practical guidance for using WorldQuant's online simulation tool WebSim® to get hands-on practice in alpha design. Alpha is an algorithm which trades financial securities. This book shows you the ins and outs of alpha design, with key insight from experienced practitioners. Learn the seven habits of highly effective quants Understand the key technical aspects of alpha design Use WebSim® to experiment and create more successful alphas Finding Alphas is the detailed, informative guide you need to start designing robust, successful alphas.

Rubicon

Rubicon
Author: Tom Holland
Pages: 464
ISBN: 030742751X
Available:
Release: 2007-12-18
Editor: Anchor
Language: en

Explanation of the Book:

A vivid historical account of the social world of Rome as it moved from republic to empire. In 49 B.C., the seven hundred fifth year since the founding of Rome, Julius Caesar crossed a small border river called the Rubicon and plunged Rome into cataclysmic civil war. Tom Holland’s enthralling account tells the story of Caesar’s generation, witness to the twilight of the Republic and its bloody transformation into an empire. From Cicero, Spartacus, and Brutus, to Cleopatra, Virgil, and Augustus, here are some of the most legendary figures in history brought thrillingly to life. Combining verve and freshness with scrupulous scholarship, Rubicon is not only an engrossing history of this pivotal era but a uniquely resonant portrait of a great civilization in all its extremes of self-sacrifice and rivalry, decadence and catastrophe, intrigue, war, and world-shaking ambition.

The Third Suspect

The Third Suspect
Author: David Staples,Greg Owens
Pages: 479
ISBN: WISC:89063261291
Available:
Release: 1995
Editor: Red Deer Press
Language: en

Explanation of the Book:

Following months of bitter disputes, lockouts and layoffs, nine miners are murdered in an explosion at Yellowknife's Giant Mine. Award-winning journalists David Staples and Greg Owens covered the story from day one, and in this probing account of a town divided, they follow one of the largest RCMP investigations in history to the life and motives of convicted murderer Roger Warren, the third suspect.

Inside Cisco

Inside Cisco
Author: Ed Paulson
Pages: 320
ISBN: 0471217212
Available:
Release: 2002-04-08
Editor: John Wiley & Sons
Language: en

Explanation of the Book:

An insider reveals the core strategies behind Cisco's phenomenal success Most savvy business observers agree that the major component in Cisco's phenomenal growth has been their unwavering commitment to expanding their product line through aggressive acquisitions. Since 1995, the "New Goliath," as Cisco is known throughout the business and finance communities, has acquired more than sixty companies. In this groundbreaking book, a Silicon Valley veteran, Ed Paulson, uses his strong connections to Cisco's management to reveal the M&A gospel according to Cisco. Paulson explores how Cisco has used acquisitions to stay ahead of its competitors, analyzes their strategies and proven methods for incorporating new companies seamlessly, positively, and profitably. Paulson reveals the centerpiece of Cisco's acquisition strategy-one that is company-focused, culturally compatible, and retains staff. He examines how Cisco executives determine if a target company is compatible with Cisco's corporate culture and strategic outlook and describes the extraordinary lengths to which these executives will go to gain the loyalty of acquired people. This book details the Cisco methodology and illustrates how it can be applied to companies across industries. Ed Paulson (Chicago, IL) is President of Technology and Communications, Inc., a business and technology consulting firm and a visiting professor at DePaul University's School for New Training. He is a Silicon Valley veteran with more than two decades of experience and the author of numerous business and technology books, most recently, The Technology M&A Guidebook (Wiley: 0-471-36010-4).

Cable Cowboy

Cable Cowboy
Author: Mark Robichaux
Pages: 320
ISBN: 9780471434320
Available:
Release: 2002-10-31
Editor: John Wiley & Sons
Language: en

Explanation of the Book:

An inside look at a cable titan and his industry John Malone, hailed as one of the great unsung heroes of our age bysome and reviled by others as a ruthless robber baron, is revealedas a bit of both in Cable Cowboy. For more than twenty-five years,Malone has dominated the cable television industry, shaping theworld of entertainment and communications, first with his cablecompany TCI and later with Liberty Media. Written with Malone'sunprecedented cooperation, the engaging narrative brings thiscontroversial capitalist and businessman to life. Cable Cowboy isat once a penetrating portrait of Malone's complex persona, and acaptivating history of the cable TV industry. Told in a livelystyle with exclusive details, the book shows how an unassumingcopper strand started as a backwoods antenna service and became thedigital nervous system of the U.S., an evolution that gave U.S.consumers the fastest route to the Internet. Cable Cowboy revealsthe forces that propelled this pioneer to such great heights, andcaptures the immovable conviction and quicksilver mind that havedefined John Malone throughout his career.

King of Capital

King of Capital
Author: David Carey,John E. Morris
Pages: 391
ISBN: 9780307886026
Available:
Release: 2012
Editor: Currency
Language: en

Explanation of the Book:

Strippers and Flippers . . . or a New Positive Force Helping to Drive the Economy . . . The untold story of Steve Schwarzman and Blackstone, the financier and his financial powerhouse that avoided the self-destructive tendencies of Wall Street. David Carey and John Morris show how Blackstone (and other private equity firms) transformed themselves from gamblers, hostile-takeover artists, and ‘barbarians at the gate’ into disciplined, risk-conscious investors. The financial establishment—banks and investment bankers such as Citigroup, Bear Stearns, Lehman, UBS, Goldman Sachs, Merrill Lynch, Morgan Stanley—were the cowboys, recklessly assuming risks, leveraging up to astronomical levels and driving the economy to the brink of disaster. Blackstone is now ready to break out once again since it is sitting on billions of dollars that can be invested at a time when the market is starved for capital. The story of a financial revolution—the greatest untold success story on Wall Street:Not only have Blackstone and a small coterie of competitors wrested control of corporations around the globe, but they have emerged as a major force on Wall Street, challenging the likes of Goldman Sachs and Morgan Stanley for dominance. Great human interest story:How Blackstone went from two guys and a secretary to being one of Wall Street’s most powerful institutions, far outgrowing its much older rival KKR; and how Steve Schwarzman, with a pay packet one year of $398 million and $684 million from the Blackstone IPO, came to epitomize the spectacular new financial fortunes amassed in the 2000s. Controversial:Analyzes the controversies surrounding Blackstone and whether it and other private equity firms suck the lifeblood out of companies to enrich themselves—or whether they are a force that helps make the companies they own stronger and thereby better competitors. The story by two insiders with access:Insightful and hard-hitting, filled with never-before-revealed details about the workings of a heretofore secretive company that was the personal fiefdom of Schwarzman and Peter Peterson. Forward-looking:How Blackstone and private equity will drive the economy and provide a model for how financing will work. From the Hardcover edition.

Diary of a Very Bad Year

Diary of a Very Bad Year
Author: Anonymous Hedge Fund Manager,n+1,Keith Gessen
Pages: 272
ISBN: 9780061992407
Available:
Release: 2010-06-22
Editor: Harper Collins
Language: en

Explanation of the Book:

“Diary of a Very Bad Year is a rarity: a book on modern finance that’s both extraordinarily thoughtful and enormously entertaining.” — James Surowiecki, author of The Wisdom of Crowds “A great read. . . . HFM offers a brilliant financial professional’s view of the economic situation in real time, from September 2007, when problems in financial markets began to surface, until late summer 2009.” — Booklist “n+1 is the rightful heir to Partisan Review and the New York Review of Books. It is rigorous, curious and provocative.” — Malcolm Gladwell A profoundly candid and captivating account of the economic crisis and subprime mortgage collapse, from an anonymous hedge fund manager, as told to the editors of New York literary magazine n+1.

The Rise of Carry The Dangerous Consequences of Volatility Suppression and the New Financial Order of Decaying Growth and Recurring Crisis

The Rise of Carry  The Dangerous Consequences of Volatility Suppression and the New Financial Order of Decaying Growth and Recurring Crisis
Author: Tim Lee,Jamie Lee,Kevin Coldiron
Pages: 288
ISBN: 9781260458411
Available:
Release: 2019-12-13
Editor: McGraw Hill Professional
Language: en

Explanation of the Book:

Protect yourself from the next financial meltdown with this game-changing primer on financial markets, the economy—and the meteoric rise of carry. The financial shelves are filled with books that explain how popular carry trading has become in recent years. But none has revealed just how significant a role it plays in the global economy—until now. A groundbreaking book sure to leave its mark in the canon of investing literature, The Rise of Carry explains how carry trading has virtually shaped the global economic picture—one of decaying economic growth, recurring crises, wealth disparity, and, in too many places, social and political upheaval. The authors explain how carry trades work—particularly in the currency and stock markets—and provide a compelling case for how carry trades have come to dominate the entire global business cycle. They provide thorough analyses of critical but often overlooked topics and issues, including: •The active role stock prices play in causing recessions—as opposed to the common belief that recessions cause price crashes •The real driving force behind financial asset prices •The ways that carry, volatility selling, leverage, liquidity, and profitability affect the business cycle •How positive returns to carry over time are related to market volatility—and how central bank policies have supercharged these returns Simply put, carry trading is now the primary determinant of the global business cycle—a pattern of long, steady but unspectacular expansions punctuated by catastrophic crises. The Rise of Carry provides foundational knowledge and expert insights you need to protect yourself from what have come to be common market upheavals—as well as the next major crisis.