James White

An Economist Best Book of the Year "Making Money and Keeping It" – The Wall Street Journal Over the past century, if the wealthiest families had spent a reasonable fraction of their wealth, paid taxes, invested in the stock market, and passed their wealth down to the next generation, there would be tens of thousands of billionaire heirs to generations-old fortunes today. The puzzle of The Missing Billionaires is why you cannot find one such billionaire on any current rich list. There are a number of explanations, but this book is focused on one mistake which is of profound importance to all investors: poor risk decisions, both in investing and spending. Many of these families didn’t choose bad investments– they sized them incorrectly– and allowed their spending decisions to amplify this mistake. The Missing Billionaires book offers a simple yet powerful framework for making important lifetime financial decisions in a systematic and rational way. It's for readers with a baseline level of financial literacy, but doesn’t require a PhD. It fills the gap between personal finance books and the academic literature, bringing the valuable insights of academic finance to non-specialists. Part One builds the theory of optimal investment sizing from first principles, starting with betting on biased coins. Part Two covers lifetime financial decision-making, with emphasis on the integration of investment, saving and spending decisions. Part Three covers practical implementation details, including how to calibrate your personal level of risk-aversion, and how to estimate the expected return and risk on a broad spectrum of investments. The book is packed with case studies and anecdotes, including one about Victor’s investment with LTCM as a partner, and a bonus chapter on Liar’s Poker. The authors draw extensively on their own experiences as principals of Elm Wealth, a multi-billion-dollar wealth management practice, and prior to that on their years as arbitrage traders– Victor at Salomon Brothers and LTCM, and James at Nationsbank/CRT and Citadel. Whether you are young and building wealth, an entrepreneur invested heavily in your own business, or at a stage where your primary focus is investing and spending, The Missing Billionaires: A Guide to Better Financial Decisions is your must-have resource for thoughtful financial decision-making.

Shortlisted for the 2024 British-Kuwait Friendship Society Book PrizeA wealth of scholarship has highlighted how commercial, political and religious networks expanded across the Arabian Sea during the seventeenth century, as merchants from South Asia traded goods in the ports of Yemen, noblemen from Safavid Iran established themselves in the courts of the Mughal Empire, and scholars from across the region came together to debate the Islamic sciences in the Arabian Peninsula’s holy cities of Mecca and Medina. This book demonstrates that the globalising tendency of migration created worldly literary systems which linked Iran, India and the Arabian Peninsula through the production and circulation of classicizing Arabic and Persian poetry. By close reading over seventy unstudied manuscripts of seventeenth-century Arabic and Persian poetry that have remained hidden on the shelves of libraries in India, Iran, Turkey and Europe, the book examines how migrant poets adapted shared poetic forms, imagery and rhetoric to engage with their interlocutors and create communities in the cities where they settled. The book begins by reconstructing overarching patterns in the movement of over a thousand authors, and the economic basis for their migration, before focusing on six case studies of literary communities, which each represent a different location in the circulatory system of the Arabian Sea. In so doing, the book demonstrates the plurality of seventeenth-century aesthetic movements, a diversity which later nationalisms purposefully simplified and misread.

Reprint of the original, first published in 1878.

Reprint of the original, first published in 1878.

How to work and thrive as a property professional and investor. Working with agents, other professionals and having a profitable working business...

An Economist Best Book of the Year "Making Money and Keeping It" – The Wall Street Journal Over the past century, if the wealthiest families had spent a reasonable fraction of their wealth, paid taxes, invested in the stock market, and passed their wealth down to the next generation, there would be tens of thousands of billionaire heirs to generations-old fortunes today. The puzzle of The Missing Billionaires is why you cannot find one such billionaire on any current rich list. There are a number of explanations, but this book is focused on one mistake which is of profound importance to all investors: poor risk decisions, both in investing and spending. Many of these families didn’t choose bad investments– they sized them incorrectly– and allowed their spending decisions to amplify this mistake. The Missing Billionaires book offers a simple yet powerful framework for making important lifetime financial decisions in a systematic and rational way. It's for readers with a baseline level of financial literacy, but doesn’t require a PhD. It fills the gap between personal finance books and the academic literature, bringing the valuable insights of academic finance to non-specialists. Part One builds the theory of optimal investment sizing from first principles, starting with betting on biased coins. Part Two covers lifetime financial decision-making, with emphasis on the integration of investment, saving and spending decisions. Part Three covers practical implementation details, including how to calibrate your personal level of risk-aversion, and how to estimate the expected return and risk on a broad spectrum of investments. The book is packed with case studies and anecdotes, including one about Victor’s investment with LTCM as a partner, and a bonus chapter on Liar’s Poker. The authors draw extensively on their own experiences as principals of Elm Wealth, a multi-billion-dollar wealth management practice, and prior to that on their years as arbitrage traders– Victor at Salomon Brothers and LTCM, and James at Nationsbank/CRT and Citadel. Whether you are young and building wealth, an entrepreneur invested heavily in your own business, or at a stage where your primary focus is investing and spending, The Missing Billionaires: A Guide to Better Financial Decisions is your must-have resource for thoughtful financial decision-making.

Frank Wilson is a deputy US marshal in the New Mexico territory in 1890. His primary duty is to track down fugitives and bring them to the marshal in Santa Fe. Frank is coming back from Old Mexico when he rides up on a house in the middle of nowhere, where he is met by a woman pointing a gun at him through a window. He tells her who he is and what he is doing. She is living alone, trying desperately to keep her ranch from a local tyrant hell-bent on taking her ranch from her. Frank soon learns more and becomes furious at the actions and illegal ways of this tyrant, who is stealing livestock and ranches from locals. Frank takes a personal interest in this woman and realizes he must help her make a stand against this man and his band of outlaws. Along the way, Frank finds love, friendship, and a place to finally call his home.

Shortlisted for the 2024 British-Kuwait Friendship Society Book PrizeA wealth of scholarship has highlighted how commercial, political and religious networks expanded across the Arabian Sea during the seventeenth century, as merchants from South Asia traded goods in the ports of Yemen, noblemen from Safavid Iran established themselves in the courts of the Mughal Empire, and scholars from across the region came together to debate the Islamic sciences in the Arabian Peninsula’s holy cities of Mecca and Medina. This book demonstrates that the globalising tendency of migration created worldly literary systems which linked Iran, India and the Arabian Peninsula through the production and circulation of classicizing Arabic and Persian poetry. By close reading over seventy unstudied manuscripts of seventeenth-century Arabic and Persian poetry that have remained hidden on the shelves of libraries in India, Iran, Turkey and Europe, the book examines how migrant poets adapted shared poetic forms, imagery and rhetoric to engage with their interlocutors and create communities in the cities where they settled. The book begins by reconstructing overarching patterns in the movement of over a thousand authors, and the economic basis for their migration, before focusing on six case studies of literary communities, which each represent a different location in the circulatory system of the Arabian Sea. In so doing, the book demonstrates the plurality of seventeenth-century aesthetic movements, a diversity which later nationalisms purposefully simplified and misread.

"For all of you who have been waiting for a response by the church: Here it is. This declaration is intended to help Christians to be able to reason and argue on the basis of God's Word. And it is meant as a statement to the state, so it knows where the church stands. The German chancellor says there are no more red lines for him? Herewith we draw the red line "

Reprint of the original, first published in 1858.

Reprint of the original, first published in 1858.