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The Partnership: The Making of Goldman Sachs
The jury is still out on what the future of Goldman Sachs will look like, but no one can argue that the 139 year old firm has been (and, if Warren Buffett has his way, will be) the dominant investment banker and dealer on Wall Street. What does Buffett see that we on the outside do not? It’s all about the people. Charles D. Ellis has written a landmark book that couldn’t come at a better time. The Partnership: The Making of Goldman Sachs is the colorful and fascinating story of Goldman’s rise to power through many life-threatening changes in markets, competition, and regulation. It tells the personal history of the men and women who built the world’s leading financial powerhouse from a firm that was disgraced and nearly destroyed in 1929, limped along as a break-even operation through the Depression and WWII, and, with only one special service and one improbable banker, began the rise that, in half a century, took Goldman Sachs to global leadership. A conversation with Charles Ellis: * Is Goldman Sachs really a lot better than other firms at managing risk? The big difference is in the cumulative power of many “small” details. The difference in the speed, accuracy, and extent of communication inside the firm; the difference in intensity, focus, and disciplined toughness of the men and women hand selected to work there and real difference in recruiting, training, and compensation. All add up to a decisive advantage in management. Leaders and co-leaders manage Goldman’s many business units with rigor and drive; risk management is the envy of other banks; and coordination is powerful across business units and markets around the world. As every Olympic athlete knows, such small differences make all the difference between gold, silver or bronze – or no medal at all. In the current, very difficult test, Goldman Sachs has come in 1st – again. * Goldman Sachs is often described as the best managed Wall Street firm. Is that true? Yes, it is true. Goldman Sachs is the best managed “Wall Street” firm – and the best led. Management is why Goldman Sachs is consistently rated the best firm to work for and gets top ratings from clients all over the world. Superior management is why the firm earns more profit, develops more effective people, has made itself the market leader in the U.S., U.K, Germany, France, China, Japan, and in most major lines of banking business. No other firm comes close. One of the things you will learn in The Partnership is just how Goldman succeeded in making themselves different from any other Wall Street firm. They learned early on that in order to survive, they had to not only make money, but create a culture that was universal, that demanded absolutely loyalty and, most importantly, act as one organism. * Why does Goldman Sachs put so much weight on its “culture”? Goldman Sachs culture works. In the complex, fast-changing, global, 24/7 securities business almost all the important decisions are made in highly specific and complex settings under great time pressure. These decisions cannot be made by headquarters and they cannot be deferred. They must be made locally by local market and business experts thousands of times every day. Rules won’t work. If rules were written for every type of decision in all those different businesses in all the world’s different markets in all the different cultures, the resulting Rule Book would be far too large and complex to read or use. Culture – its way of working – is the universal “stem cell” that enables Goldman Sachs to operate so forcefully in so many different national markets and in so many different businesses. * With all its different business activities all over the world, doesn’t Goldman Sachs have problems with conflicts of interest? Yes! The firm certainly has many, many conflicts of interest. While it could take a defensive approach and try to avoid or minimize those risks of conflicts, the firm believes the more realistic and effective approach is to recognize those risks, be candid about them with clients and counterparties, and actively manage the conflicts. The firm strives to deal with each of them in such thoughtful and effective ways that clients and customers will know Goldman Sachs can be trusted to manage conflicts better than any other firm. This is, of course, an assumption of enormous responsibility – particularly on the scale on which Goldman Sachs operates – so it raises the obvious next question: Who will watch the watcher?.
Price: $18.88
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Baseball Prospectus 2009: The Essential Guide to the 2009 Baseball Season (Baseball Prospectus)
The 2009 edition of the New York Times bestselling guide to major league baseball that is simply “the best book of its kind” (Rob Neyer) Now in its fourteenth edition, the Baseball Prospectus annual is the industry leader among annual baseball guides and the rightful successor to Bill James’s legendary bestselling Baseball Abstracts. The 2009 edition contains critical essays on each of the thirty teams and player comments for some sixty players for each of those teams. Each player’s statistics are projected for the coming season using the groundbreaking PECOTA projection system, called “perhaps the game’s most accurate projection model” ( Sports Illustrated). Baseball Prospectus 2009 also contains cutting-edge essays on performance analysis, the likes of which have inspired twenty-nine of the thirty major league teams to hire current and former Baseball Prospectus writers and analysts as consultants. The baseball bible for fantasy players and devoted fans, Baseball Prospectus can be relied upon to once again hit it out of the park..
Price: $14.93
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If I Did It: Confessions of the Killer
In 1994, Ron Goldman and Nicole Brown Simpson were brutally murdered at her home in Brentwood, California O.J. Simpson was tried for the crime in a case that captured the attention of the American people, but was ultimately acquitted of criminal charges. The victims' families brought a civil case against Simpson, which found him liable for willfully and wrongfully causing the deaths of Ron and Nicole committing battery with malice and oppression.In 2006, HarperCollins announced the publication of a book in which O.J. Simpson told how he hypothetically would have committed the murders. In response to public outrage that Simpson stood to profit from these crimes, HarperCollins canceled the book. A Florida bankruptcy court awarded the rights to the Goldmans in August 2007 to satisfy the civil judgment in part. The Goldman family views the book as his confession, and has worked hard to ensure that the public will read this book and learn the truth. This is O.J. Simpson's original manuscript, approved by him, with up to 14,000 words of additional key commentary..
Price: $9.05
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The Princess Bride: S. Morgenstern's Classic Tale of True Love and High Adventure
William Goldman’s beloved novel has sold over one million copies. A movie, released twenty years ago, perfectly captured the spirit of the book and has introduced new fans to its pages ever since. In 1941 a young boy lies bedridden from pneumonia. His perpetually disheveled and unattractive father, an immigrant from Florin with terribly broken English, shuffles into his bedroom carrying a book. The boy wants to know if it has any sports. His father says, "Fencing. Fighting. Torture. Poison. True love. Hate. Revenge. Giants. Hunters. Bad men. Good men. Beautifulest ladies. Snakes. Spiders. Beasts of all natures and descriptions. Pain. Death. Brave men. Coward men. Strongest men. Chases. Escapes. Lies. Truths. Passions. Miracles." And the little boy, though he doesn’t know it, is about to change forever. As Goldman says, "What happened was just this. I got hooked on the story." And coming generations of readers will, too.
And coming generations of readers will too.
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Price: $4.59
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The Heirloom Tomato: From Garden to Table: Recipes, Portraits, and History of the World's Most Beautiful Fruit
From the world-class garden of acclaimed food writer Amy Goldman, a gorgeously illustrated guide to the world’s most beautiful and delicious tomatoes. Every year, renowned grower Amy Goldman produces an amazing 500 varieties of tomatoes on her farm in New York’s Hudson Valley. Here, in 250 gorgeous photos and Goldman’s erudite, charming prose, is the cream of the crop, from glorious heirloom beefsteaks – that delicious tomato you had as a kid but can’t seem to find anymore – to exotica like the currant tomato, a pea-sized fruit with a surprisingly big flavor. Along with the photos are profiles of the tomatoes, filled with fascinating facts on their history and provenance; a section of more than 50 delicious recipes; and a master gardener’s guide to growing your own. More than just a loving look at one of the world's great edibles, this is a philosophy of eating and conservation between covers — an irresistible book for anyone who loves to garden or loves to eat. .
Price: $20.79
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Lexi-Comp's Drug Information Handbook
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A Passion for Baking
The smells, the tactile involvement, the delicious results--there's nothing quite like fresh-baked bread, and no other cookbook elevates the art of baking bread and sweets to such grand style as Marcy Goldman's A Passion for Baking. Goldman's enthusiasm and individuality come through loud and clear as readers explore her friendly, modern interpretations of traditional baking techniques. She shares baking secrets and funky tricks of the trade, so that in no time at all, you'll be producing cheesy loaves, mammoth muffins, jumbo cookies, and more with your own signature touch. Goldman's extensive baking experience and fun, friendly writing style make this book as much a pleasure to read as it is to use. Rise to the occasion, reignite your own passion, and experience baking at a whole new level. Features Welcomes a new era in home baking with more than 200 over-the-top and truly original recipes An elegant, wholesome, and profoundly unique approach to age-old bread-making traditions Over 160 bold beautiful photos show you step-by-step how to handle the dough, shape the loaf, brush with butter, and bake with love Photos of the final masterpieces look so temptingly real you can almost smell the aroma right off the page Easily available pure-quality ingredients are balanced with refined baking methods and engaging text to ensure the home baker's success.
Price: $18.30
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The 7 Secrets of Sound Healing: Includes a FREE Sound Healing CD! (Book & CD)
What if sound could be used to heal and transform? Now Sound Healing pioneer Jonathan Goldman reveals how it can! Through practical information and exercises, you’ll see how the amazing power of sound functions as personal vibrational therapy for enhancement of mind, body, and spirit. This book provides a basic understanding of the principles of using sound as a healing modality, and how it may be used to restore balance. It combines the ancient wisdom of how sound can heal and transform, with the modern understanding of the science of sound, where quantum physicists echo the revelations of the sacred texts that declare: “Everything is sound!” Secrets of Sound Healing explores the many different therapies that use sound to heal and transform, including ancient, modern, and futuristic methods, and features a practical application of knowledge and techniques that will assist you in leading a more harmonious life. A CD of recorded examples by Jonathan is included within the book, which offers a solid foundation for discovering how sound and music can be utilized to benefit and enrich your life.
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Price: $11.13
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How I Helped O.J. Get Away With Murder: The Shocking Inside Story of Violence, Loyalty, Regret, and Remorse
You don't know the full truth about O. J. Simpson and the murders that gripped a nation. But Mike Gilbert does, and after nearly two decades of being O. J. Simpson's sports agent, business adviser, and trusted confidant, Gilbert is breaking his silence and telling the full story of the man he once idolized but now despises..
Price: $11.94
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Goldman Sachs : The Culture of Success
Goldman Sachs, the nation's leading investment firm, with a solid-gold reputation and a first-class list of clients, began as a family business in a lower Manhattan basement in 1869. The secrets behind the remarkable success of Goldman Sachs since then are revealed in unprecedented depth in this fascinating and authoritative narrative history of the firm. Former Goldman Sachs vice president Lisa Endlich draws on her insider's knowledge and access to all levels of management to bring to life a unique company that has long held its mystique intact. The most stunning accomplishments in modern American finance are explored through the story of how Goldman Sachs reached its summit. Goldman Sachs: The Culture of Success provides a rare and revealing look inside an institution -- until recently the last private partnership on Wall Street -- and inside the financial world at its highest levels. Included here, in a new chapter, is a first look at the history behind the firm's landmark initial public offering..
Price: $8.65
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