Investors are all too often lured by the prospect of instant millions and fall prey to the many fads of Wall Street. The myriad approaches they adopt offer little or no real prospect for long-term success and invariably run the risk of considerable economic loss - they resemble speculation or outright gambling, not a coherent investment program. But value investing - the strategy of investing in securities trading at an appreciable discount from underlying value - has a long history of delivering excellent investment results with limited downside risk. Taking its title from Benjamin Graham's often-repeated admonition to invest always with a margin of safety, Klarman's 'Margin of Safety' explains the philosophy of value investing, and perhaps more importantly, the logic behind it, demonstrating why it succeeds while other approaches fail. The blueprint that Klarman offers, if carefully followed, offers the investor the strong possibility of investment success.

The President and CEO of Intel, the world's largest chipmaker, reveals how to identify and exploit the key moments of change in any industry that generates either drastic failure or incredible success. Under Andrew Grove's leadership, Intel has become the world's largest computer chipmaker, the 5th most admired company in America, and the 7th most profitable company among the Fortune 500. Few CEOs can claim this level of success. Grove attributes much of it to the philosophy and strategy he has learned the hard way as he steered Intel through a series of potential major disasters. There are moments in any business when massive change occurs, when all the rules of business shift fast, furiously and forever. Grove calls such moments strategic inflection points (SIPs), and he has lived through several. They can be set off by almost anything - by mega competition, an arcane change in regulations, or by a seemingly modest change in technology. They are not always easy to spot - but you can't hide from them. Intel's first SIP was when the Japanese started producing better-quality, lower-cost memory chips. It took Grove three years and huge losses to recognize that he had to rethink and reposition the company to become, once again, leader in its field.Grove extrapolates the lessons he has learned from this and other SIPs - for instance the drama of the Pentium flaw, and the SIP brought on by the Internet - to reveal a unique insight into the management of change. He recounts strategies from other companies and examines his own record of success and failure. Only the Paranoid Survive is a classic lesson in leadership skills that every manager in every industry will benefit from. Every manager must assume that something will change - very soon.

If there's anyone who can prevent a bar or restaurant from going belly up, it's Jon Taffer. Widely considered the greatest authority in the food and beverage, hotel, and hospitality industries, he has turned around countless bars and restaurants. Raise the Bar distills the secrets to running a successful enterprise with Reaction Management, a strategy and philosophy Taffer developed and uses in his business. It works whether you're running a storefront operation or a web-based company, whether you're manufacturing widgets or providing a service. Raise the Bar is the definitive manual on transforming a bar or restaurant with actionable, proven strategies for immediate impact.

This is the classic work upon which modern-day game theory is based. What began as a modest proposal that a mathematician and an economist write a short paper together blossomed, when Princeton University Press published Theory of Games and Economic Behavior. In it, John von Neumann and Oskar Morgenstern conceived a groundbreaking mathematical theory of economic and social organization, based on a theory of games of strategy. Not only would this revolutionize economics, but the entirely new field of scientific inquiry it yielded--game theory--has since been widely used to analyze a host of real-world phenomena from arms races to optimal policy choices of presidential candidates, from vaccination policy to major league baseball salary negotiations. And it is today established throughout both the social sciences and a wide range of other sciences.

In this passionate and powerful book--part manifesto, part plan of action--the renowned economist Jeffrey D. Sachs offers a practical strategy to move America, seemingly more divided than ever, toward a new consensus: sustainable development. Sustainable development is a holistic approach that emphasizes economic, social, and environmental objectives in shaping policy. In focusing too much on economic growth, the United States has neglected rising economic inequality and dire environmental threats. Now, even growth is imperiled. Sachs explores issues that have captivated the nation and political debate, including infrastructure, trade deals, energy policy, the proper size and role of government, the national debt, and income inequality. Not only does he provide illuminating and accessible explanations of the forces at work in each case, but he also presents specific policy solutions. His argument rises above the pessimism born of political paralysis, economic stagnation, and partisanship to devise a brighter way forward, achievable both individually and collectively. In Building the New American Economy , Sachs shows how the United States can find a path to renewed economic progress that is fair and environmentally sustainable.

"Will delight and inform anyone who enjoys rigorous thinking and the unexpected conclusions it delivers." -- Jamie Whyte, author of Crimes Against Logic "This ingenious gallop through the mind of Steven Landsburg enables you to think like an economist without incurring a Keynesian headache or a huge student loan. You may even end up 'smarter than Google.' But you will not readily put down this exhilarating adventure in ideas." -- George Gilder, author of Knowledge and Power and Life After Google Can you outsmart an economist? Steven Landsburg, acclaimed author and professor of economics, dares you to try. In this whip-smart, entertaining, and entirely unconventional economics primer, he brings together over one hundred puzzles and brain teasers that illustrate the subject's key concepts and pitfalls. From warm-up exercises to get your brain working, to logic and probability problems, to puzzles covering more complex topics like inferences, strategy, and irrationality, Can You Outsmart an Economist? will show you how to do just that by expanding the way you think about decision making and problem solving. Let the games begin "Entertaining as well as edifying. Read it, expand your mind, and have fun "-- N. Gregory Mankiw, Robert M. Beren Professor of Economics, Harvard University

Marketing today doesn't work. Or so says the "Aya Cola," Sergio Zyman, former marketing czar of Coca-Cola and quite possibly the most famous marketing gadfly in the world. Brilliant, irascible, unconventional, Zyman is best known for reinventing the Coca-Cola Company's marketing approach by spearheading the global launches of Diet Coke, New Coke, Classic Coke, Fruitopia, and Sprite. Now, in this brisk and revolutionary book, Zyman shows why old approaches to marketing have lost their fizz--and how to get a jump on the strateies that will work in the twenty-first century. Zyman explores such topics as: Why feel-good marketing is pointless unless it results in sales Why marketing is a science not an art How a well-honed strategy is more important to success than what ads say And much more

The impossible people who make life’s journey so difficult are everywhere—at the office, in restaurants, on airplanes, living next door, members of your own family. They’re . . . • your “nothing is ever good enough” boss • the “no price is ever low enough” client • the next-door neighbor who redefines the meaning of paranoia • the maître d’ who looks through you as if you don’t exist • the father-in-law who you know is always thinking about how much better a life his Janey or Joey would have if only married to someone other than you Ron Shapiro and Mark Jankowski give you a simple and highly effective 4-point plan for dealing with all of them and more—N.I.C.E. Their system shows you how to neutralize your emotions so you don’t just react but act purposefully and wisely. It enables you to identify the type of bully, tyrant, or impossible person you’re facing—the situationally difficult (something has happened that turns an otherwise reasonable person into a temporary terror); the strategically difficult (she has empirical evidence that being difficult is a strategy that gets results); or simply difficult (being difficult is his 24/7 M.O.). Then you’ll learn how to shape the outcome by controlling the encounter and, finally, how to get “unstuck” by exploring your options. Using colorful stories from all walks of life— “He called me the scum of the earth and it went downhill from there,” “First, lock all your vendors in a small room,” and “The boss from hell”—the authors bring their lessons to life, from business life to family life.

A country's ideology-the framework of ideas it uses to make values explicit and its institutions legitimate-shapes the manner in which corporations and managers live and act. If not properly understood, it can blind a manager to problems he cannot avoid; if properly understood, it can alert managers to issues that help them in dealing with government agencies, the public, their workers, and in developing their own business strategy. In this probing study, Harvard Business School professor George C. Lodge and Harvard University sociologist Ezra F. Vogel have combined their expertise to examine ideology as a useful tool for understanding national communities-how and why they have evolved, the tensions that exist within them, and the differences between them.

What should your investment strategy be now that the steady, upward trend of the U.S. stock market seems like history? The years ahead promise to be volatile, full of ups and downs, so is this the time for investors to hunker down and scale back? Not at all, is Jim Glassman’s advice. Sure, there were some people who bailed out of the market early and came out ahead, but that was luck—the kind of luck that wins the lottery once in a blue moon: it’s not a strategy. And if there is one clear lesson to be learned from all of the recent market drama, it’s that you need a point of view and a coherent investment strategy. And that’s just what Glassman provides in The Secret Code of the Superior Investor. If you believe that the long-term outlook for the American economy is positive (as Glassman and most experts do), then the best strategy is the tried-and-true approach that has worked well for more than a hundred years: acquiring a diversified portfolio of stocks in great companies and then holding on to them forever. Jim Glassman’s investing principles provide the ballast to help you keep your investing balance no matter how the markets bubble or bobble. His rigorous, practical, straightforward way of thinking and taking action enables you to build a portfolio that performs well no matter what the economic climate. Here is invaluable advice on what stocks and mutual funds to buy—and when to sell them. (Hint: Almost never.)

Tired of small business self-help books that over-promise and under-deliver? Then, Getting Rich Without Going Broke is the book for you! For the first time ever, millionaire entrepreneur and investor Rosalind Resnick shares her secrets of success and shows you how to use luck, logic and leverage to build your own multi-million-dollar business. From mapping out your strategy and targeting your market to raising capital and building the winning team, Resnick takes you by the hand and coaches you step-by-step on how to minimize your risk and maximize your chances of success. An invaluable resource for any aspiring entrepreneur!

Disruptive businesses are born every day. Someone has a great idea that offers a better choice in terms of price, convenience, service or functionality, and for a moment, they hold the keys to the remaking of an entire industry. Yet many of these businesses let advantage slip through their hands over time because they fail to realize that the fast pace of technology allows a challenge to come from anywhere - large competitors or startups -- and overtake them in an instant. This is Accelerated Disruption. It is business development moving at the speed of the next technological advancement. Businesses that can understand and control the forces of technology will thrive in the coming years. Those that cannot will find themselves displaced. Accelerated Disruption deals with the following critical startup concepts and more: * Choosing the right industries to innovate * Understanding the concept of pain in an industry and turning it to competitive advantage * Using the strength of conventional wisdom to investigate a disruptive idea and test it under the radar * Getting the best out of your people through smart automation * Turning your customer base into a sophisticated R&D team * Mastering the art of quick-release product improvements * Promoting your idea in the face of industry and investor resistance * Developing a capital strategy that supports your business during critical stages of development Author Eric Lefkofsky, a Chicago entrepreneur who helped found five technology startups worth more than a billion dollars, explains how disruptive businesses are formed, grown and sustained and provides an intellectual and conceptual framework for making your idea a reality.

Evolutionary Socialism was Bernstein's most significant work, and it set the stage for the Democratic Socialism of today. In Evolutionary Socialism, Bernstein was principally concerned with refuting Karl Marx's predictions about the imminent and inevitable demise of capitalism. Bernstein warned that a violent proletarian revolution, as in France in 1848, produced only reactionary successes, which undermined workers' interests. Therefore, he rejected revolution and instead insisted the best strategy to be patiently building up a durable social movement working for continuous nonviolent incremental change.

In this book, the author reflects major stages in the principal history of oil from the beginning of World War II to 1981. He focuses on the significance of critical aspects of petroleum logistics and presents the strategic dimensions of oil.