In the beginning was the loan, and the loan carried interest. For at least five millennia people have been borrowing and lending at interest. Yet as capitalism became established from the late Middle Ages onwards, denunciations of interest were tempered because interest was a necessary reward for lenders to part with their capital. And interest performs many other vital functions: it encourages people to save; enables them to place a value on precious assets, such as houses and all manner of financial securities; and allows us to price risk.

From legendary investor Ray Dalio, author of the number-one New York Times best seller Principles, who has spent half a century studying global economies and markets, Principles for Dealing with the Changing World Order examines history’s most turbulent economic and political periods to reveal why the times ahead will likely be radically different from those we’ve experienced in our lifetimes - and to offer practical advice on how to navigate them well.

When Elon Musk was a kid in South Africa, he was regularly beaten by bullies. One day a group pushed him down some concrete steps and kicked him until his face was a swollen ball of flesh. He was in the hospital for a week. But the physical scars were minor compared to the emotional ones inflicted by his father, an engineer, rogue, and charismatic fantasist.

Billionaire investors. If we think of them, it’s with a mixture of awe and suspicion. Clearly, they possess a kind of genius - the proverbial Midas Touch. But are the skills they possess transferable? And do they have anything to teach us besides making money? In Richer, Wiser, Happier, William Green draws on interviews that he’s conducted over 25 years with many of the world’s greatest investors. As he discovered, their talents extend well beyond the financial realm.

Rare is the opportunity to chat with a legendary figure and hear the unvarnished truth about what really goes on behind the scenes. Step inside the world of Wall Street with Barton Biggs as he discusses investing in general, hedge funds in particular, and how he has learned to find and profit from the best moneymaking opportunities in an eat-what-you-kill, cutthroat investment world.

When Michael Lewis first met him, Sam Bankman-Fried was the world’s youngest billionaire and crypto’s Gatsby. CEOs, celebrities, and leaders of small countries all vied for his time and cash after he catapulted, practically overnight, onto the Forbes billionaire list. Who was this rumpled guy in cargo shorts and limp white socks, whose eyes twitched across Zoom meetings as he played video games on the side?

Every investment plan under the sun is, at best, an informed speculation of what may happen in the future, based on a systematic extrapolation from the known past. Same as Ever reverses the process, inviting us to identify the many things that never, ever change. With his usual elan, Morgan Housel presents a master class on optimizing risk, seizing opportunity, and living your best life. Through a sequence of engaging stories and pithy examples, he shows how we can use our newfound grasp of the unchanging to see around corners.

Innovations rarely come from “experts.” Elon Musk was not an “electric car person” before he started Tesla. When it comes to improbable innovations, a legendary tech VC told Sebastian Mallaby, the future cannot be predicted, it can only be discovered. It is the nature of the venture-capital game that most attempts at discovery fail, but a very few succeed at such a scale that they more than make up for everything else. That extreme ratio of success and failure is the power law that drives the VC business, all of Silicon Valley, the wider tech sector, and, by extension, the world.

We have never had so much information at our fingertips and yet most of us don’t know how the world really works. This book explains seven of the most fundamental realities governing our survival and prosperity. From energy and food production, through our material world and its globalization, to risks, our environment and its future, How the World Really Works offers a much-needed reality check—because before we can tackle problems effectively, we must understand the facts.

Ray Dalio does not want you to listen to this audiobook. Late last year, when the billionaire founder of Bridgewater Associates, the largest hedge fund on the planet, announced that he was stepping down from the company he started out of his apartment nearly 50 years ago, the news made headlines around the world. Dalio cultivated an aura of international admiration and fame thanks to his company’s eye-popping success, coupled with a mystique he encouraged with frequent media appearances, celebrity hobnobbing, and his bestselling book, Principles.

In The World for Sale, two leading journalists lift the lid on one of the least scrutinised corners of the economy: the workings of the billionaire commodity traders who buy, hoard and sell the earth's resources. It is the story of how a handful of swashbuckling businessmen became indispensable cogs in global markets: enabling an enormous expansion in international trade and connecting resource-rich countries - no matter how corrupt or war-torn - with the world's financial centres.

Before Bill Gross was known among investors as the Bond King, he was a gambler. In 1966, a fresh college grad, he went to Vegas armed with his net worth ($200) and a knack for counting cards. Ten thousand dollars and countless casino bans later, he was hooked, so he enrolled in business school. The Bond King is the story of how that whiz kid made American finance his casino.

In The Outsiders, you'll learn the traits and methods striking for their consistency and relentless rationality that helped these unique leaders achieve such exceptional performance. Humble, unassuming, and often frugal, these "outsiders" shunned Wall Street and the press, and shied away from the hottest new management trends. Instead, they shared specific traits that put them and the companies they led on winning trajectories: a laser-sharp focus on per share value as opposed to earnings or sales growth; an exceptional talent for allocating capital and human resources; and the belief that cash flow, not reported earnings, determines a company's long-term value.

This book is about 100-baggers. These are stocks that return $100 for every $1 invested. That means a $10,000 investment turns into $1 million. Chris Mayer can help you find them. In 100-Baggers, you will learn the key characteristics of 100-baggers why anybody can do this. It is truly an everyman's approach. You don t need an MBA or a finance degree. Some basic financial concepts are all you need.

Twenty-five years ago, Neil Howe and the late William Strauss dazzled the world with a provocative new theory of American history. Looking back at the last 500 years, they’d uncovered a distinct pattern: modern history moves in cycles, each one lasting roughly 80 to 100 years, the length of a long human life, with each cycle composed of four eras—or “turnings”—that always arrive in the same order and each last about 25 years. The last of these eras—the fourth turning—was always the most perilous, a period of civic upheaval and national mobilization.

Best-selling author Winston Groom tells the complex story of how Franklin Roosevelt, Winston Churchill, and Joseph Stalin - the three iconic and vastly different Allied leaders - aligned to win World War II and created a new world order.

After the unprecedented destruction of the Great War, the world longed for a lasting peace. The victors, however, valued vengeance even more than stability and demanded a massive indemnity from Germany in order to keep it from rearming. The results, as eminent historian Norman Stone describes in this authoritative history, were disastrous. In World War Two, Stone provides a remarkably concise account of the deadliest war of human history, showing how the conflict roared to life from the ashes of World War One.

In planes and foxholes, in deserts and jungles, on ships and beaches, Ambrose shines a light on the people involved - the leaders, the fighters, the victims. With chapters on the atrocities of the Holocaust and revelations about the secret war of espionage, Ambrose's analysis also offers insight into the events that precipitated the Cold War.

In 1914, a new kind of war came about, bringing with it a new kind of world. World War One began on horseback, with generals employing bayonet charges to gain ground, and ended with attacks resembling the Nazi blitzkriegs. The scale of devastation was unlike anything the world had seen before: 14 million combatants died, a further 20 million were wounded, and four empires were destroyed. Even the victors' empires were fatally damaged.

From one of our finest military historians, a monumental work that shows us at once the truly global reach of World War II and its deeply personal consequences.

Winston Churchill is perhaps the most important political figure of the 20th century. His great oratory and leadership during the Second World War were only part of his huge breadth of experience and achievement. Studying his life is a fascinating way to imbibe the history of his era and gain insight into key events that have shaped our time.

Sir Alistair Horne has been a close observer of war and history for more than 50 years, and in this wise and masterly work he revisits six battles of the past century and examines the strategies, leadership, preparation, and geopolitical goals of aggressors and defenders to reveal the one trait that links them all: hubris.

Germany is one of the richest and most influential countries in the world, which is amazing when you consider that the nation is only about the size of the US states of Oregon and Washington combined. It’s even more astounding when you consider that at the end of World War II, every major German city (and many minor ones) had been flattened by the Allied bombing campaign. Still more amazing is that the country has gone from international pariah and home of the Holocaust to one of the most well-regarded and humanitarian nations on Earth.

A groundbreaking account of how Britain became the base of operations for the exiled leaders of Europe in their desperate struggle to reclaim their continent from Hitler, from the New York Times best-selling author of Citizens of London and Those Angry Days.

What if Hitler had won the war, if Japan had another sneak attack, or if the cold war turned hot? What If? provides a fascinating new perspective on history's most pivotal events. Featuring today's foremost historians speculating on what could have happened, we discover where we might be if history had not unfolded the way it did.

An epic of remarkable originality, Alone captures the heroism of World War II as movingly as any book in recent memory. Bringing to vivid life the world leaders, generals, and ordinary citizens who fought on both sides of the war, Michael Korda, the best-selling author of Clouds of Glory, chronicles the outbreak of hostilities, recalling as a prescient young boy the enveloping tension that defined pre-Blitz London, and then as a military historian the great events that would alter the course of the 20th century.

The eminent historian John Keegan charts Churchill's career, following his steadfast leadership during the catastrophic events of World War II while England was dangerously poised on the brink of collapse. With wonderful eloquence, Keegan illuminates Churchill's incredible strength during this crucial moment in history and his unshakable belief that democracy would always prevail.

Acclaimed historian and New York Times best-selling author Craig Shirley delivers a compelling account of 1945, particularly the watershed events in the month of April, that details how America emerged from World War II as a leading superpower.

In his critically acclaimed Armageddon, Hastings detailed the last twelve months of the struggle for Germany. Here, in what can be considered a companion volume, he covers the horrific story of the war against Japan. By the summer of 1944 it was clear that Japan’s defeat was inevitable, but how the drive to victory would be achieved remained to be seen. The ensuing drama–that ended in Japan’s utter devastation–was acted out across the vast stage of Asia.

Douglas MacArthur was arguably the last American public figure to be worshipped unreservedly as a national hero, the last military figure to conjure up the romantic stirrings once evoked by George Armstrong Custer and Robert E. Lee. But he was also one of America's most divisive figures, a man whose entire career was steeped in controversy. Was he an avatar or an anachronism, a brilliant strategist or a vainglorious mountebank?

One of the most important works ever written on investment theory, Common Stocks and Uncommon Profits lays out the fundamental principles of intelligent investing.

The Wealth and Poverty of Nations is David S. Landes' acclaimed, best-selling exploration of one of the most contentious and hotly debated questions of our time: Why do some nations achieve economic success while others remain mired in poverty? The answer, as Landes definitively illustrates, is a complex interplay of cultural mores and historical circumstance.

Exploring the sometimes hilarious, sometimes devastating impact of crowd behavior and trading trickery on the financial markets, this book brilliantly combines two all-time investment classics. Extraordinary Popular Delusions and Confusión de Confusiones take us from Tulipmania in 1634-when tulips actually traded at a higher price than gold - to the South Sea "bubble" of 1720, and beyond. Securities analyst and author Martin Fridson guides you on a quirky, entertaining, and intriguing journey back through time.

Devil Take the Hindmost is a lively, original, and challenging history of stock market speculation from the 17th century to the present day. Edward Chancellor traces the origins of the speculative spirit back to ancient Rome and chronicles its revival in the modern world.

Niall Ferguson follows the money to tell the human story behind the evolution of finance, from its origins in ancient Mesopotamia to the latest upheavals on what he calls Planet Finance. Bread, cash, dosh, dough, loot, lucre, moolah, readies, the wherewithal: Call it what you like, it matters. To Christians, love of it is the root of all evil. To generals, it's the sinews of war. To revolutionaries, it's the chains of labor. Niall Ferguson shows that finance is in fact the foundation of human progress.