An insightful look at how to succeed by going against the crowd Collectively, people think and act in ways that are different from how they think and act as individuals. Understanding these differences, says William (Bill) Bonner-a longtime maverick observer of the financial world and the vagaries of the investing public-is vital to preserving your wealth and personal dignity. From the witch-hunts of the early modern world to the war on terror, from dot-com mania to the real estate bubble, people have always been caught up in frauds, conceits, and wild guesses-often with devastating results. In Mobs, Messiahs, and Markets, Bonner and coauthor Lila Rajiva show groupthink at work in an improbable array of instances throughout history and reveal why swimming against the current pays. Shares the deeper secrets of investing and pushes you to question what this means for your financial well-being Explains why people so often abandon good sense and good behavior to "follow the crowd" Offers concrete advice on how you can avoid the "public spectacle" of modern finance The authors' cautionary tale of bubble economies reveals how the gush of credit let loose by Alan Greenspan has wreaked havoc on our lives-but their thoughtful and always entertaining approach also offers some sound investing principles for avoiding the pitfalls of the public spectacle, thinking for yourself, and protecting your money, your sanity, and your soul.

Selected as one of Motley Fool’s “5 Great Books You Should Read” Advice on managing your wealth from bestselling author Bill Bonner From trusted New York Times bestselling author Bill Bonner comes a radical new way to look at family money and a practical, actionable guide to getting and maintaining multigenerational wealth. Family Fortunes: How to Build Family Wealth and Hold on to It for 100 Years is packed with useful information, interwoven with Bonner's stories about his own family's wealth philosophy and practices. A comprehensive guide that shows how families can successfully preserve their estates by ignoring most of what people think they know about "the rich" and, instead, training and motivating all family members to work together toward a very uncommon goal. This book is a must-read for all individual investors—even those who do not plan to leave money to their children—because it challenges many of the most ubiquitous principles and rules of investing. You might expect a book on family wealth to be extremely conservative in its outlook. Instead, the Bonners announce what is practically a revolutionary manifesto. They explain: Why family money should NOT be invested in "safe, conservative" investments Why charitable giving is usually a waste of money, or worse Why it is NOT a good idea to let children go their own way Why you can't trust wealth "professionals" and why you should never entrust your money to money managers Why giving your children as much education as possible is NOT a good idea Why Warren Buffett and the rest of the rich people asking for higher tax rates are wrong to take "the pledge" Why Wall Street is a graveyard for capital, why most celebrity CEOs are a threat to the businesses they run, why modern capitalism is a failure, and more You will come away with a very different idea as to what family wealth is all about. It is not stodgy. Not boring. Not moss-backed and reactionary. On the contrary, it is the most dynamic, forward-looking capital in the world. The essential guide to passing wealth from one generation to the next, Family Fortunes is filled with concrete, practical advice you can put to use right away.

"History shows that people who save and invest grow and prosper,and the others deteriorate and collapse. As Financial Reckoning Day demonstrates, artificiallylow interest rates and rapid credit creation policies set by AlanGreenspan and the Federal Reserve caused the bubble in U.S. stocksof the late '90s. . . . Now, policies being pursued at the Fed aremaking the bubble worse. They are changing it from a stock marketbubble to a consumption and housing bubble. And when those bubbles burst, it's going to be worse than the stockmarket bubble . . . No one, of course, wants to hear it. They want the quick fix. Theywant to buy the stock and watch it go up twenty-five percentbecause that's what happened last year, and that's what they say onTV." —Jim Rogers, author of the bestseller AdventureCapitalist from the Foreword to Financial Reckoning Day Advanced praise from bestselling authors "An investment book that will not only enlarge your investmenthorizon, but also make you laugh and thoroughly entertain you for afew hours." —Dr. Marc Faber, author of the bestseller Tomorrow'sGold "Financial Reckoning Day is . . . in the category ofscintillating sex or good vision, something to be savored andenjoyed-before it is too late." —James Dale Davidson, author of the bestseller The GreatReckoning and The Sovereign Individual "A powerful and insightful vision . . . each paragraphstimulates a new rush of thoughts that fills in gaping holes in theinvestor's understanding of what has happened to their dreams . . .while prepping them to confront any new confusion that mayarrive." —Martin D. Weiss, author of the bestseller CrashProfits

The demon is a mob, and the mob is demonic. The Democratic Party activates mobs, depends on mobs, coddles mobs, publicizes and celebrates mobs—it is the mob. Sweeping in its scope and relentless in its argument, Demonic explains the peculiarities of liberals as standard groupthink behavior. To understand mobs is to understand liberals. In her most provocative book to date, Ann Coulter argues that liberals exhibit all the psychological characteristics of a mob, for instance: Liberal Groupthink: “The same mob mentality that leads otherwise law-abiding people to hurl rocks at cops also leads otherwise intelligent people to refuse to believe anything they haven’t heard on NPR.” Liberal Schemes: “No matter how mad the plan is—Fraternité, the ‘New Soviet Man,’ the Master Race, the Great Leap Forward, the Cultural Revolution, Building a New Society, ObamaCare—a mob will believe it.” Liberal Enemies: “Instead of ‘counterrevolutionaries,’ liberals’ opponents are called ‘haters,’ ‘those who seek to divide us,’ ‘tea baggers,’ and ‘right-wing hate groups.’ Meanwhile, conservatives call liberals ‘liberals’—and that makes them testy.” Liberal Justice: “In the world of the liberal, as in the world of Robespierre, there are no crimes, only criminals.” Liberal Violence: “If Charles Manson’s followers hadn’t killed Roman Polanski’s wife, Sharon Tate, Clinton would have pardoned him, too, and he’d probably be teaching at Northwestern University.” Citing the father of mob psychology, Gustave Le Bon, Coulter catalogs the Left’s mob behaviors: the creation of messiahs, the fear of scientific innovation, the mythmaking, the preference for images over words, the lack of morals, and the casual embrace of contradictory ideas. Coulter traces the history of the liberal mob to the French Revolution and Robespierre’s revolutionaries (delineating a clear distinction from America’s founding fathers), who simply proclaimed that they were exercising the “general will” before slaughtering their fellow citizens “for the good of mankind.” Similarly, as Coulter demonstrates, liberal mobs, from student radicals to white-trash racists to anti-war and pro-ObamaCare fanatics today, have consistently used violence to implement their idea of the “general will.” This is not the American tradition; it is the tradition of Stalin, of Hitler, of the guillotine—and the tradition of the American Left. As the heirs of the French Revolution, Democrats have a history that consists of pandering to mobs, time and again, while Republicans, heirs to the American Revolution, have regularly stood for peaceable order. Hoping to muddy this horrifying truth, liberals slanderously accuse conservatives of their own crimes—assassination plots, conspiracy theorizing, political violence, embrace of the Ku Klux Klan. Coulter shows that the truth is the opposite: Political violence—mob violence—is always a Democratic affair. Surveying two centuries of mob movements, Coulter demonstrates that the mob is always destructive. And yet, she argues, beginning with the civil rights movement in the sixties, Americans have lost their natural, inherited aversion to mobs. Indeed, most Americans have no idea what they are even dealing with. Only by recognizing the mobs and their demonic nature can America begin to defend itself.

An eight-time national chess champion and world champion martial artist shares the lessons he has learned from two very different competitive arenas, identifying key principles about learning and performance that readers can apply to their life goals. Reprint. 35,000 first printing.

Right now, Congress, the Fed, and the Treasury are all gambling with your future and your money. And it's contagious. Economies around the globe are suffering from the biggest multitrillion-dollar bets ever wagered on big governments and miraculous financial interventions in pretend "free markets." One man saw it all coming and told his readers well in advance of today's crisis. Bill Bonner reports on the true health and well-being of the world's largest economy to over half a million readers each day in The Daily Reckoning. His newsletter is to the mainstream financial press what the Gnostic Gospels are to the King James Bible. Back in 2000, Bill Bonner sounded like a prophet crying in the wilderness. While everyone scrambled to purchase shares of the latest and hottest dot-com, Bill announced his Trade of the Decade: Sell dollars, buy gold. Back in 2000, you could get an ounce for around $264. Today, you could pay as much as $1,400 for that same ounce. Finally, some of Bonner's best pronouncements, predictions, and profitable analysis are collected in one place. Dice Have No Memory gather's Bonner's richest insights from August 1999 through November 2010 to form a chronological narrative of economics in America. Here's a fraction of what you'll find inside: *Gold says "I Told You So" *Three out of Four Economists Are Wrong *Imperial Overstretch Marks *Why Debt Does Matter *Economic Zombies Shuffle Towards Bankruptcy Bonner's Dice Have No Memory offers elegies for economists, tips for investors, tirades against wasteful warfare past and present, and practical guides to modern finance with graceful prose, well-earned intelligence, and riotous irreverence. Bill Bonner's common sense genius rips the window dressing off modern finance - a world normally populated by misguided do-gooders, corrupt politicians, and big bankers empowered by dubious "mathematical" truths. The investing game is rigged, just like Monte Carlo. Instead of giving you magic formulas, this archcontrarian teaches you how to think clearly. And Dice Have No Memory gives today's investor the next moves he should make...before it's too late.

This text tells the story of the collapse of LTCM (Long-Term Capital Management). It addresses key questions of the role of science in finance, and where this development is likely to lead the world financial markets.

From the author of the international bestseller "The Western Way of War" comes a fresh, exciting look at three armies whose intense spirit of mission, coupled with the genius of their leaders, led them to triumph. Maps.

Robert S. McNamara is one of modern America's most controversial figures. His opinions, policies, and actions have led to a firestorm of debate, ignited most recently by Errol Morris's Academy Award-winning film, The Fog of War. In the companion book, editors James G. Blight and janet M. Lang use lessons from McNamara's life to examine issues of war and peace in the 20th century. McNamara's career spans some of America's defining events—from the end of World War I, through the course of World War II, and the unfolding of the Cold War in Cuba, Vietnam, and around the world. The Fog of War brings together film transcripts, documents, dialogues, and essays to explore what the horrors and triumphs of the 20th century can teach us about the future.