THE KEY TO UNDERSTANDING COMPANY GROWTH AND DECLINE -FROM THE UNDISPUTED EXPERT ON VALUATION
Throughout his storied career, Aswath Damodaran has searched for the universal key to demystify corporate finance and valuation. Now, at last, he offers the groundbreaking answer to readers everywhere.
It turns out there is a corporate lifecycle very much like our own - with unique stages of growth and decline. And just as we must learn to act our age, so too must companies.
By better understanding how corporations age and the characteristics of each stage of their lifecycle, we can unlock the secrets behind any businesses behavior and optimize our management and investment decisions accordingly.
In Aswath Damodaran's The Corporate Lifecycle, readers will learn-
- What markers tell where a company falls on its corporate lifecycle, and crucial insights for managers as they navigate the different stages
- Why the shape and timing of life cycles varies across different industries
- When transition points pose special challenges to companies-and strategies to conquer them
- How differences in investment philosophies, in particular the divide between growth and value investing, should lead investors towards companies at different lifecycle stages
As the corporate lifecycle touches virtually every aspect of business, this book is for anyone with skin in the corporate finance game-from managers to investors, from novices to seasoned pros. Aswath Damodaran's The Corporate Lifecycle is the definitive guide to understanding businesses growth, behavior, and value.
THE WILD INSIDE STORY OF CRYPTO'S GET-RICH-QUICK UNDERBELLY
Nat Eliason had six months to make as much money as possible before his first child was born. So, he turned to where countless others did in 2021: Crypto.
Within a year, he'd made millions writing code holding hundreds of millions of dollars of other people's money. He'd been hacked. He'd sold a picture of a monkey for two hundred grand. He'd become an influencer, speaking at conferences, and writing a weekly newsletter to tens of thousands of fans. Best of all, Nat had amassed a small fortune. But how much of this money was even real? And how many times can someone double down before they eventually lose everything?
Crypto Confidential is Nat's unfiltered, insider's account of the hyperactive, hyper-speculative, hyper-addictive, nearly unregulated, completely insane world being built on the blockchain. A behind-the-scenes exposé of the bull runs and breakdowns, revealing exactly how the crypto-sausage gets made. A story of getting rich, going broke, scamming and getting scammed- and how we can all be more educated participants during the inevitable next bull run.
From renowned financial and technology journalist Nathaniel Popper, the dramatic story of a new generation of financial strivers, living online and playing the stock and crypto markets by a new set of rules. Following a cast of young, all male characters, who went from the fringes of the internet to the front pages of newspapers, The Trolls of Wall Street tells the tale of how social media and startups like Robinhood and Reddit allowed for the formation of a powerful online movement in which the most unlikely participants took on the old guard—and each other.
In The Trolls of Wall Street, journalist Nathaniel Popper charts the evolution from the idealism of Occupy Wall Street in 2011 to the anarchic chaos of online outrage leading to the market crash of 2022, showing how a combination of new technology and broader cultural and economic forces created an online revolution led by bands of predominantly young men, who gathered on Reddit and proudly referred to themselves as “degenerates.” This unlikely online gang took their frustration at the current economic system and social climate and created a powerful cultural movement that upended global financial markets and set in motion far reaching changes to how money flows through the economy—all of this just a decade after a financial crisis that most people assumed would forever kill interest in the stock markets.
A character-driven, human story of kids who made and lost millions, battled with each and with Wall Street for power, and ultimately upended the economy, The Trolls of Wall Street is a fast moving, suspenseful, and sobering account of how millions of young Americans became obsessed with money and the markets and how that has affected politics, popular culture, finance and more.
Secure Funding to Start, Run, and Grow Your Business!
Starting a business is a journey. From the moment you come up with an idea for the next great product or service to the ribbon cutting and grand opening, you will travel a long, sometimes winding, road toward success. And like any other trip you take in life, this one costs money. While many startups begin with cash already in the bank (lucky them!), most aspiring entrepreneurs have to somehow come up with the cash to build their dreams, whether they choose to borrow, bootstrap, crowdfund, or go with venture capital.
Discover bootstrapping tips and strategies to help you self-fund your business like a boss; traditional lending options and costly traps to watch out for; the basics of borrowing from friends and family, the right way; how corporate incubators and accelerators can give your business a jump-start; and the in and outs of launching a successful crowdfunding campaign.
Get the inside scoop on how to get the money you need and discover dozens of sources of capital.
A New York Times investigative reporter wades into the murky, pixelated waters of the multibillion-dollar NFT market-the virtual casino that sprang up overnight in 2020 and came crashing down, with all its celebrity hucksters, just two years later. A vibrant and witty exploration of the increasingly blurry line between art and money, artist and con artist, value and worthlessness.
"A perfect book to understand and to laugh at the craziness of the art world today.' -Jerry Saltz, author of How to Be an Artist
In 2021, when the gavel fell at Christie's on the sale of Mike Winkelmann's Everydays series-a compilation of five thousand digital artworks-it made a thunderous announcement: Non-fungible tokens had arrived. The ludicrous world of CryptoKitties and Bored Apes had just produced a piece of art worth $69.3 million (at least according to the highest bidder). On that day, the traditional art market-the largest unregulated market in the world-put its stamp of approval on a very new and carnivalesque digital reality. But what did it mean for these two worlds to collide? Was it all just a money laundering scheme? And come on, what was that piece of digital flotsam really worth anyway?
In Token Supremacy, Zachary Small works through these and other fascinating questions, tracing the crypto economy back to its origins in the 2008 financial crisis and the lineage of NFTs back to the first photographic negatives. Small describes jaw-dropping tales of heists, publicity stunts, and rug pulls, before zeroing in on the role of 'security tokens' in the FTX scandal. Detours through art history provide insight into the mythmaking tactics that drive stratospheric auction sales and help the wealthy launder their finances (and reputations) through art. And we cast an eye toward a future where NFTs have paved the way for a dangerous, new shadow banking system.
A wild and spellbinding tour through a world that strains belief.
A conventional economic theory, monetarism, holds that inflation is a monetary phenomenon driven by changes in the supply of money. Yet recent experience-including the aftermath of the financial crisis of 2008 and the economic development of China-contradict this basic prediction. In this book, Patrick Bolton and Haizhou Huang offer a novel perspective, viewing monetary economics through the lens of corporate finance. They propose a richer theory, where money can be seen as the equity capital of a nation, playing a similar role as stocks for a company. This innovative framework integrates the real and monetary sides of the economy, with a banking sector and debt at its core.
In the financial world, companies issue new shares only if it results in some kind of value creation; this is a basic principle of corporate finance that Bolton and Huang argue can be applied to monetary economics. When the government increases the money supply to finance positive net value investments-when it prints money to keep the economy going-it increases output, not inflation. The effect of increasing money supply depends on how money enters the system and what the money buys. The principles outlined by Bolton and Huang shed new light on a range of issues, including inflation, monetary and fiscal policy, central banking, money and growth, and the international monetary system.
In Decentralizing Finance, blockchain and digital assets expert Kenneth Bok offers an insightful exploration of the current state of decentralized finance (DeFi). As distributed ledger technology (DLT) increasingly optimizes and democratizes financial ecosystems worldwide, this book serves as a guide to the most salient aspects of the ongoing transformation.
The text delves into both crypto-native DeFi and DLT applications in regulated financial markets, providing:
- Comprehensive analysis of crypto-native DeFi across key areas such as its competitive landscape, infrastructure, financial instruments, activities, and applications
- Coverage of key risks, mitigation strategies, and regulatory frameworks
- Insight into how DLT is reshaping traditional financial systems through innovations like central bank digital currencies, tokenized assets, tokenized deposits, and institutional-grade DeFi platforms
Authored by a former Goldman Sachs trader, past head of growth at Zilliqa, and an early Ethereum investor with extensive experience in both traditional finance and the crypto ecosystem, Decentralizing Finance provides you with an insider's perspective on the revolution that is DeFi.
The inside story of the man who invented Bitcoin and his battle to protect it.
In 2008, when the Bitcoin Whitepaper was published online, the technology world changed forever. Hero /
Villain: Satoshi: The Man Who Built Bitcoin tells the story of how an awkward, Australian security specialist
first created something revolutionary under the moniker “Satoshi Nakamoto” and how he spent every moment
thereafter either in self-imposed hiding or in court trying to protect his invention.
Initially intended to be a force for good that would allow people to transact directly and inexpensively online, it
wasn’t long before Bitcoin became something else: a store of value with a cast of powerful investors hell-bent
on manipulating it for their own gain.
For the first time, the real inside story of Bitcoin is laid bare—a story with greed, power, and betrayal at its heart.
With firsthand interviews with the man most likely to be Bitcoin’s inventor and those who have fought with him
to ensure Bitcoin fulfills its positive and potentially world-changing purpose, Hero / Villain: Satoshi: The Man
Who Built Bitcoin serves as an important book in the context of a world where cryptocurrency is in turmoil.
