Other peoples money free summary by john kay getabstract. To be honest, when i started other people s money by justin cartwright, i wasnt sure that i was going to love it. Stokes edition, in english other people s money 1914 edition open library. The main function of whole finance industry is supposed to arrange for payment services, and connect savers with borrowers mainly buying houses. Instead, you can sell other peoples products by finding wholesalers that are selling them, buy them and resell them. The costs and scale of intermediar activity grew very rapidly, the calibre and intellectual sophistication of people employed increased sharply, and new technologies became available to support their decisions. There is also a lot of discussion regarding an innate defect, depravity or other mental abnormality. Other people s money 1991 cast and crew credits, including actors, actresses, directors, writers and more.
But what if youre long on skills and short on greenbacks. Other peoples money and how the bankers use it is a collection of essays written by louis brandeis published as a book in 1914. Flipping a house is easy if you have plenty of cash on hand. The subjects often describe themselves as not acting in my right mind, or other words to that effect. Obama to heed brandeiss advice before imposing stricter rules. Other peoples money should be read by everyone concerned with preventing the next crisis. Other people s money is a 1991 american comedydrama film starring danny devito, gregory peck and penelope ann miller. The early books after the crash, like andrew ross sorkins too big to fail, analysed how the collapse unfolded in minute detail.
That having been said, however, it stands very nicely on its own if one does not have any expectations going in. Books, images, historic newspapers, maps, archives and more. It was based on the play of the same name by jerry sterner. Enter your mobile number or email address below and well send you a link to download the free kindle app. Sep 01, 2015 the clearest book about modern finance i have ever read. Other people s money and how the bankers use it 1914 is a collection of essays written by louis brandeis first published as a book in 1914, and reissued in 1933. Other peoples money and how the bankers use it is a collection of essays by louis d. What is needed, he argues, is not more regulation but a reform of the industry so that it gives priority to financial services that meet the needs of the real economy.
Copy the exact steps myself, and my business partner took to build a multi million property portfolio in just 5 years learn how to become a deal magnet property investor. Shortlisted for the orwell prize 2016we all depend on the finance sector. This book will not tell you how to make money in capital markets or how to pick a good asset manager, but it does help you to differentiate the good from the bad. Because of this, you have two choices when you find a worthy investment. Librivox recording of other people s money, by louis d. In no way whatsoever does this film compare to the play upon which it was based. It is difficult to get a man to understand something, when his salary depends on his not understanding it.
It was a little slow going at first, but the story really draws you in. First, a disclaimeri think john kay is a quite brilliant economist, thinker and writer. Access a free summary of other peoples money, by john kay and 20,000 other business, leadership and nonfiction books on getabstract. First, let me share the story of how i came to learn about using other peoples money to leverage my way to financial freedom. Read the introductory chapter of my latest book other people s money. Other people s money quotes showing of 34 the great muckraker upton sinclair had expressed a deep insight into the relationship between the world of ideas and the world of practical men. The information teaches anyone how they can take an idea and truly turn it into a significant financial gain without risking their own capital. Other peoples money and how the bankers use it mp3 cd. Feb 07, 2009 published in 1914, the book was based on the revelations of the house of representatives pujo committee about the predatory practices of j. The finance sector needs to be reminded of its primary purpose. Baglis new book, other peoples money, uses the sale of a major housing complex on manhattans lower east side, stuyvesant townpeter cooper village, to demonstrate how contemporary real estate speculators deploy international finance and local politics to change the housing options of more ordinary city dwellers. Other people s money, and how the bankers use it by louis dembitz brandeis. Other people s money by louis dembitz brandeis, 1914, f. Bold, humane, urbane, full of rich characters, and effortlessly convincing, this is a novel that reminds us who we are and how we got ourselves here.
Other people s moneyother people s money and how the bankers use it 1914 by louis dembitz brandeis 18561941 is a key document of the progressive era and that particular genre of literature that theodore roosevelt characterized as muckraking. During fifteen years as an executive at skyscraping banks like goldman sachs. Investing with other peoples money is a way to pay for real estate investment opportunities privately without using traditional financing options from a bank or mortgage lending company. The film adaptation was directed by award winner norman jewison, and written by alvin sargent. Review of other peoples money by john kay seeking alpha. Why use other people s money for real estate investing. John kays new book, other peoples money should be read by everyone concerned with preventing the next crisis. Other peoples money professor john kay professor wouter.
We need it to store our money, manage our payments, finance housing stock, restore. Oct 11, 2015 while the gravamen of its complaint is old, other peoples money is not merely another broadside content to denounce finances dysfunction, but rather a masterly attempt to locate its. In just over three years, real estate giant tishman speyer and. Provided you structure the deal well, the more you can use other peoples money, the higher your return will be. A story both cautionary and uncomfortably familiar, other peoples money is not a polemic but a tale of morality and hubris, with the tubal family ultimately left searching only for closure. As you learn how to build wealth fast, consider leveraging other peoples money to help you grow your net worth. A financial times book of the year, 2015 an economist best book of the year, 2015 a bloomberg best book of the year, 2015 other peoples money is not merely another broadside content to denounce finances dysfunction, but rather a masterly attempt to locate its various origins and connect them with analytical and theoretical rigor. The directors of banks and corporations, being the managers rather of other people s money than of their own, it cannot well be expected, that they should watch over it withanxious vigilance. In other peoples money, sharon ann murphy explains how banking and money worked before the federal government, spurred by the chaos of the civil war, created the national system of us paper currency.
Devito has romance on his mind, but miller has other ideas. It was a dear friend and mentor of mine who told me that only lazy people use their own money. As i read through the book, i get the distinct feeling that he is stacking the deck in his favor. Uncover a unique and proven 6stage formula that created us a multimillionpound property portfolio using zero of your own money. Bagli, a talented journalist, makes the streetlevel impacts of abstract global finance easily understood.
Danny devito explaining value investing benjamin graham. The value of other peoples money the new york times. Other people s money and how the bankers use it is a collection of essays written by louis brandeis published as a book in 1914. Finance is a business like any other, and should be judged by reference to the same principles the same tools of analysis, the same metrics of value that we apply to other industries, such as railways, or. A financial times book of the year, 2015an economist best boo. The real business of finance and millions of other books are available for instant access. Norman jewison directed alvin sargent s adaptation of jerry sterner s offbroadway satire of the excess of the 80s, with danny devito as corporate raider lawrence garfield or, as he is better known, larry the liquidator. In 1914, the articles were collected in book form and published under the title other people s money and how the bankers use it. Other people s money by donald ray cressey, 1973, patterson smith edition, in english other people s money 1973 edition open library.
Although you shouldnt expect to use other peoples money for free, you can increase your returns. Other peoples money can help us navigate the new era of regulation that we are likely to enter. And many of the things done by citigroup and goldman do not need to be done at all. Louis brandeis, from other people s money and how bankers use it, 19 louis brandeis achieved prominence as a lawyer, progressive reformer, and the first jewish person appointed to the u. Bagli, the new york times reporter who first broke the story of the sale of stuyvesant town peter cooper village takes listeners inside the most spectacular failure in real estate history, using this single deal as a lens to see how and why the real estate crisis happened. Jan 30, 2020 open library is an open, editable library catalog, building towards a web page for every book ever published. Read the introductory chapter of my latest book other peoples money.
Open library is an open, editable library catalog, building towards a web page for every book ever published. The real business of finance by john kay, public affairs books, 2015. Inspire a love of reading with prime book box for kids discover delightful childrens books with prime book box, a subscription that delivers new books every 1. The book attacked the use of investment funds to promote the consolidation of various industries under the control of a small number of corporations, which brandeis alleged were working in concert to prevent competition. As these three attributes are not always complementary, he is the rarest of breeds. Other peoples money is a fourstar movie that loses its way in the last, crucial scene, and for that it loses half a star, but that doesnt mean i didnt enjoy every moment right up until the happy ending, which is the unhappiest moment in the movie. Other peoples money takes to task the small cadre of investment bankers. However, it doesnt necessarily need to be your money if you know how to leverage other peoples money to help you invest in yourself and build your net worth. Charles baglis other peoples money in a new book, new york times reporter looks at tishman speyers acquisition of stuyvesant townpeter cooper village. Devito is a brilliant actor and works so well in this. The new york times reporter who first broke the story of the sale of stuyvesant townpeter cooper village takes readers inside the most spectacular f.
Other peoples money, by john kay the new york times. By using both good debt and opm, you can dramatically increase your return on investment roiand you can even achieve infinite returns. Mr kay, an academic and columnist for the financial times, takes the longer and broader view. Larry spends his waking hours searching for companies to take over. Other peoples money is a 1991 american comedydrama film starring danny devito, gregory peck and penelope ann miller. Other peoples money takes us into the heart of the tubal family, a rothschildlike family whose and if ft says this book takes us behind closed doors into the heart of the insider banking practices that apparently rule our world, who am i to argue. Murphy traces the evolution of banking in america from the founding of the nation, when politicians debated the constitutionality of chartering. The book attacked the use of investment funds to promote the consolidation of various industries under the control of a small number of corporations. Other peoples money by justin cartwright goodreads. The real business of finance book online at best prices in india on. American history through literature 18701920 dictionary. Of all published articles, the following were the most read within the past 12 months. When, on the morning after this dinner, which was to form an er. In just over three years, real estate giant tishman speyer and its partner, blackrock, lost billions of investors dollars on a single deal.
About the author john kay is a visiting professor at the london school of economics and a fellow of st john s college, oxford. However today s finance involves passing other people s money around rather than contributing anything to the real economy. Chair, professor of economics lse, codirector of the centre for macroeconomics. While the gravamen of its complaint is old, other peoples money is not merely another broadside content to denounce finances dysfunction, but rather a masterly attempt to locate its. Other peoples money and how the bankers use it wikipedia. Brandeis was greatly concerned over the rise of monopolies in the united states. Brandeis that first appeared in harpers weekly between november 22, 19 and january 17, 1914 and published in book form in 1914. The real business of finance, in the financial world when conflicts in the laissezfaire world of adam smith, when individuals pursue their own selfish interests they unwittingly contribute to the benefit of all.
Mar 25, 2014 other peoples money is a terrific book. In his book, other people s money and how bankers use it. Apr 21, 2016 in other people s money john kay shows in his inimitable style what has gone wrong in the dark heart of finance. Danny devito, one of my alltime favorite character actors, brilliantly and flawlessly portrays larry garfield, corporate raider, known to those in the trade as larry the liquidator. Other peoples money opm is a fundamental concept of rich dad and a sign of high financial intelligence. As john kay shows in his new book, other peoples money. Michael lechters book opm other people s money is one of the finest books written for creating financial leverage. Other peoples money and how the bankers use it 1914 is a collection of essays written by louis brandeis first published as a book in 1914, and reissued in 1933. Other people s money 1991 stream and watch online larry the liquidator garfield danny devito is a corporate raider, deconstructing companies and selling off the parts for a profit.
Access a free summary of other peoples money, by john kay and 20000 other business, leadership and nonfiction books on getabstract. Good press publishes a wide range of titles that encompasses every genre. Other peoples money johns hopkins university press books. With remarkable textual clarity and a finetuned dramatic sensibility, charles bagli has recreated the extraordinarily high stakes poker game that was the largest real estate deal in u.
Everyday low prices and free delivery on eligible orders. It is still frequently, if not always, cited or referred to in some manner during any discussion or class that deals with fraud. Brandeis central thesis was that the large banking houses were colluding with businessmen to create trusts in americas major industries. How to build wealth using other peoples money gobankingrates. Bagli, a talented journalist, makes the streetlevel impacts of abstract. Although living below your means is a good start toward building a financial cushion, ditching your latte habit and cable subscription wont add you to the list of selfmade millionaires. Author john kay sets forth the theme of his book, and its title, at the beginning. Other peoples money by norman jewison danny devito, gregory. These types of private lenders are most often silent partners that have the money to invest in real estate in order to benefit from the financial return. Brandeis central thesis was that the large banking houses were colluding with businessmen to create trusts in america s major industries. In other people s money, john kay shows, in his inimitable style, what has gone wrong in the dark heart of the finance sector.