Wealthy, powerful, and potentially dangerous, hedge-find managers have emerged as the stars of twenty-first century capitalism. Based on unprecedented access to the industry, More Money Than God provides the first authoritative history of hedge funds. This is the inside story of their origins in the 1960s and 1970s, their explosive battles with central banks in the 1980s and 1990s, and finally their role in the financial crisis of 2007-9. Hedge funds reward risk takers, so they tend to attract larger-than-life personalities. Jim Simons began life as a code-breaker and mathematician, co-authoring a paper on theoretical geometry that led to breakthroughs in string theory. Ken Griffin started out trading convertible bonds from his Harvard dorm room. Paul Tudor Jones happily declared that a 1929-style crash would be `total rock-and-roll' for him. Michael Steinhardt was capable of reducing underlings to sobs. `All I want to do is kill myself, ' one said. `Can I watch?' Steinhardt responded. A saga of riches and rich egos, this is also a history of discovery. Drawing on insights from mathematics, economics and psychology to crack the mysteries of the market, hedge funds have transformed the world, spawning new markets in exotic financial instruments and rewriting the rules of capitalism. And while major banks, brokers, home lenders, insurers and money market funds failed or were bailed out during the crisis of 2007-9, the hedge-fund industry survived the test, proving that money can be successfully managed without taxpayer safety nets. Anybody pondering fixes to the financial system could usefully start here: the future of finance lies in the history of hedge funds.
an event that is to shatter their lives. After the Russians invade and the family is forced to flee to America, Amir realises that one day he must return to Afghanistan under Taliban rule to find the one thing that his new world cannot grant him: redemption.
In 1954 a fisherman is found dead in the nets of his boat, and a local Japanese-American man is charged with his murder. In the course of his trial, it becomes clear that what is at stake is more than one man's guilt. For on San Piedro, memories grow as thickly as cedar trees and the fields of ripe strawberries - memories of a charmed love affair between a white boy and a Japanese girl; memories of land desired, paid for, and lost. Above all, San Piedro is haunted by the memory of what happened to its Japanese residents during World War II, when an entire community was sent into exile while its neighbours watched.
The idea that some people think differently, though no less humanly, is explored in this inspiring book. Temple Grandin is a gifted and successful animal scientist, and she is autistic. Here she tells us what it was like to grow up perceiving the world in an entirely concrete and visual way - somewhat akin to how animals think, she believes - and how it feels now. Through her finely observed understanding of the workings of her mind she gives us an invaluable insight into autism and its challenges.
The sister is a knife thrower in a magician's stage act, the brother is an undertaker's assistant. Neither orphan knows of the other's existence. Until, that is, three terrible Aunts descend on the girl's house and imprison her guardian, the Great Cardamom. His dying act is to pass the girl a note with clues to the secret he has carried to his grave. Cardamom was one of three explorers on an expedition to locate the legendary Amarant, a plant with power over life and death. Now, pursued by flesh-eating crow-like ghuls, brother and sister must decode the message and save themselves from its sinister legacy.
Greece in the age of heroes. Patroclus, an awkward young prince, has been exiled to the court of King Peleus and his perfect son Achilles. Despite their differences, Achilles befriends the shamed prince, and as they grow into young men skilled in the arts of war and medicine, their bond blossoms into something deeper - despite the displeasure of Achilles's mother Thetis, a cruel sea goddess. But when word comes that Helen of Sparta has been kidnapped, Achilles must go to war in distant Troy and fulfill his destiny. Torn between love and fear for his friend, Patroclus goes with him, little knowing that the years that follow will test everything they hold dear.
Little is known of the wife of England's greatest playwright. In play after play Shakespeare presents the finding of a worthy wife as a triumphant denouement, yet scholars persist in believing that his own wife was resented and even hated by him. Here Germaine Greer strives to re-embed the story of their marriage in its social context and presents new hypotheses about the life of the farmer's daughter who married our greatest poet. This is a daring, insightful book that asks new questions, opens new fields of investigation and research, and rights the wrongs done to Ann Shakespeare.
It's time to stop just worrying about climate change, says Paul Gilding. Instead we need to brace for impact, because global crisis is no longer avoidable. The `Great Disruption' started in 2008, with spiking food and oil prices and dramatic ecological change like the melting polar icecap. It is not simply about fossil fuels and carbon footprints. We have come to the end of Economic Growth, Version 1. 0, a world economy based on consumption and waste, where we lived beyond the means of our planet's ecosystems and resources. The Great Disruption offers a stark and unflinching look at the challenge humanity faces - yet also a deeply optimistic message. The coming decades will see loss, suffering and conflict as our planetary overdraft is paid. However, they will also bring out the best humanity can offer: compassion, innovation, resilience and adaptability. Gilding tells us how to fight, and win, what he calls `the One Degree War' to prevent catastrophic warming of the earth, and how to start today. The crisis we are in represents a rare chance to replace our addiction to growth with an ethic of sustainability, and it's already happening. It's also an unmatched business opportunity: old industries will collapse while new companies literally reshape our economy. In the aftermath of the Great Disruption, we will measure `growth' in a new way. It will mean not quantity of stuff, but quality, and happiness, of life. And, yes, there is life after shopping. The Great Disruption is an invigorating and well-informed polemic by an advocate for sustainability and climate change who has dedicated his life to campaigning for a balanced use of Earth's limited resources. It is essential reading.
SOON TO BE A MAJOR BBC TV SERIES Two magicians shall appear in England. The first shall fear me; the second shall long to behold me... The year is 1806. England is beleaguered by the long war with Napoleon, and centuries have passed since practical magicians faded into the nation's past. But scholars of this glorious history discover that one remains: the reclusive Mr Norrell whose displays of magic send a thrill through the country. Proceeding to London, he raises a beautiful woman from the dead and summons an army of ghostly ships to terrify the French. Yet the cautious, fussy Norrell is challenged by the emergence of another magician: the brilliant novice Jonathan Strange. Young, handsome and daring, Strange is the very opposite of Norrell. So begins a dangerous battle between these two great men which overwhelms the one between England and France. And their own obsessions and secret dabblings with the dark arts are going to cause more trouble than they can imagine.
Lauren, Jack, Ruby and Billy live by the seaside with their mum and dad. But their parents are always arguing, and then their dad moves out. Lauren and Jack decide they have to get them together again. And so begins Operation Eiffel Tower... in which the four children try to raise money to give their mum and dad a treat in an attempt to make them happier. First they want to send their parents to Paris, but quickly realise they can never afford that, so instead they set up a dinner for two under the Eiffel Tower in the local crazy golf attraction. But will it get their parents talking again? A funny and very moving story that tackles important issues with a light touch.
Stanley Yelnat's family has a history of bad luck going back generations, so he is not too surprised when a miscarriage of justice sends him to Camp Green Lake Juvenile Detention Centre. Nor is he very surprised when he is told that his daily labour at the camp is to dig a hole, five foot wide by five foot deep, and report anything that he finds in that hole. The warden claims that it is character building, but this is a lie and Stanley must dig up the truth. In this wonderfully inventive, compelling novel that is both serious and funny, Louis Sachar has created a masterpiece that will leave all readers amazed and delighted by the author's narrative flair and brilliantly handled plot.
So here he was at last, where he had long feared to be. Harry Chapman is not well, and he doesn't like hospitals. Superficially all is as it normally is in such places, with nurses to chide him and a priest to console. But there are more than usual quotient of voices - is it because of Dr Pereira's wonder drug that he can hear the voice of his mother, acerbic and disappointed in him as ever? Perhaps her presence would be understandable enough, but what is Pip from Great Expectations doing here? More and more voices add their differing notes and stories to the chorus, squabbling, cajoling, commenting. Friends from childhood, lovers, characters from novels and poetry. His father, fighting in the First World War. Babar and Céleste, who dances with Fred Astaire. Jane Austen's Emma. His aunt Rose, `a stranger to moodiness'. Christopher Smart's cat Jeoffrey. A man who wants to sell him T. S. Eliot's teeth. Virginia Woolf, the scourge of servants. And, of course, an old friend who turns up at his bedside principally to rehearse the litany of his own ailments. Slowly, endearingly, the life of Harry Chapman coalesces before our eyes, through voices real and unreal. Written with a gentle, effortless generosity, full of delicate observation, Chapman's Odyssey is the work of a master; a superbly rendered act of storytelling and ventriloquism that is waspish, witty, deeply moving and wise by turns and which constantly explores `the unsolvable enigma of love'.
Along Cornwall's ancient coast, the flotsam and jetsam of the past becomes caught in the cross-currents of the present and, from time to time, a certain kind of magic can float to the surface... Straying husbands lured into the sea can be fetched back, for a fee. Magpies whisper to lonely drivers late at night. Trees can make wishes come true - provided you know how to wish properly first. Houses creak, fill with water and keep a fretful watch on their inhabitants, straightening shower curtains and worrying about frayed carpets. A teenager's growing pains are sometimes even bigger than him. And, on a windy beach, a small boy and his grandmother keep despair at bay with an old white door. In these stories, Cornish folklore slips into everyday life. Hopes, regrets and memories are entangled with catfish, wrecker's lamps, standing stones and baying hounds, and relationships wax and wane in the glow of a moonlit sea. This luminous, startling and utterly spellbinding debut collection introduces in Lucy Wood a spectacular new voice in contemporary British fiction.
parents benefit by getting virtually a full night's sleep. ; The author explains the advantages of this radical form of baby care, including its benefits for breastfeeding mothers, reviews the history of babies in the bed and, through interviews with parents, explores attitudes to the idea. The book also contains a fresh perspective on the tragedy of cot death, as well as practical advice on how to sustain your sex life, hints on safety in the bed and
As a boy in Brooklyn's Red Hook projects, James McBride knew his mother was different. But when he asked about it, she'd simply say 'I'm light-skinned. ' Later he wondered if he was different too, and asked his mother if he was black or white. 'You're a human being, ' she snapped. 'Educate yourself or you'll be a nobody!' And when James asked what colour God was, she said 'God is the colour of water. ' As an adult, McBride finally persuaded his mother to tell her story - the story of a rabbi's daughter, born in Poland and raised in the South, who fled to Harlem, married a black man, founded a Baptist church, and put twelve children through college.
Psychologist and top marriage guru John Gottman has spent twenty years studying what makes a marriage last - now you can use his tested methods to evaluate, strengthen and maintain your long-term relationship. This ground-breaking book will enable you to see where your strengths and weaknesses lie, what specific actions you can take to improve your marriage and how to avoid the damaging patterns that can lead to divorce. It includes: - Practical exercises and techniques that will allow you to understand and make the most of your relationship- Ways to recognise and overcome the attitudes that doom a marriage- Questionnaires that will help you evaluate your relationship- Case studies and anecdotes from real life throughout
Watched by over seven million people, it was the first time for over a hundred years that brothers had battled against each other in this gladiatorial contest. Only one could be victorious. In Blood Over Water, David and James tell their stories for the first time, giving an intimate insight into one of our best-loved national sporting occasions, whilst also describing a brotherly relationship tested to breaking point. It is an emotional and searching joint self-portrait that looks at the darker side of sibling rivalry and asks just what you would be willing to sacrifice to achieve your dreams.
Major Ernest Pettigrew is perfectly content to lead a quiet life in the sleepy village of Edgecombe St Mary, away from the meddling of the locals and his overbearing son. But when his brother dies, the Major finds himself seeking companionship with the village shopkeeper, Mrs Ali. Drawn together by a love of books and the loss of their partners, they are soon forced to contend with irate relatives and gossiping villagers. The perfect gentleman, but the most unlikely hero, the Major must ask himself what matters most: family obligation, tradition or love? Funny, comforting and heart-warming, Major Pettigrew's Last Stand proves that sometimes, against all odds, life does give you a second chance.
in the art of pleasuring a man, bribes her way into the royal bed, and seduces the monarch, drawing the attention of dangerous foes. Little does she know that China will collapse around her, and that she will be its last Empress.
Ageing is that part of the future that we try to keep in the future. And `nobody likes to get old ... that doesn't mean to say you have to be an old fart sitting in the pub talking about what happened in the 1960s' Mick Jagger. John Burningham has collected fine examples of the wisdom and wit that comes with age from those in the know, woven with a rich selection of quotes and fifty poignant drawings by Burningham himself.
It is May in Aberystwyth, and the mayoral election campaign - culminating in the traditional boxing match between candidates - is underway. Sospan the ice-cream seller waits in his hut for souls brave enough to try his latest mind-expanding new flavour, and Louie Knight, Aberystwyth's only Private Detective, receives a visit from a mysterious stranger called Raspiwtin asking him to track down a dead man. Twenty-five years ago Iestyn Probert was hanged for his part in the notorious raid on the Coliseum cinema, but shortly afterwards he was seen, apparently alive and well, boarding a bus to Aberaeron. Did he miraculously evade the hangman's noose? Or could there really be substance to the rumours that he was resuscitated by aliens?Now, as strange lights are spotted in the sky above Aberystwyth and a farmer claims to have had a close encounter with a lustful extraterrestrial, Iestyn Probert has been sighted once again. But what does Raspiwtin want with him? And why does Louie's investigation arouse unwelcome interest from a shadowy government body and a dark-suited man in a black 1947 Buick?
A Celtic warrior girl is held captive and enslaved by a rival tribe. When fever takes her only friend she knows she must escape, but she runs straight into the path of two Roman foot soldiers. Thinking they will kill a warrior instantly, the girl disguises herself as a beggar and asks to share their fire. Using her gift as a seer she discovers that one of the soldiers is not what he seems. Celtic blood courses through his veins too, but there is something else. He is a shapeshifter - a Versipellum. He shares his soul with that of the wolf. The girl needs to reach the leader of her dead friend's tribe, and the boy must escape the Romans before they discover his true nature. Their only chance of survival is to help each other. But what will happen when their powers are combined?
the extraordinary figure of the 19th-century occult adventuress Madame Blavatsky, via the philosopher Krishnamurti, to the genial Scottish clairvoyant who claims that the Christ of the age is alive and well and living in London. In India, he encounters the miracle-working Sai Baba, and discusses reincarnation with the world's most revered spiritual figure, the Dalai Lama. In Germany, he joins the pilgrims who kneel at the feet of the young Indian Woman, Mother Meera, believing she is divine. In a tiny backwoods church in Tennessee, he examines the "Crosses of Light" which are held as evidence of Christ's imminent return to Earth. ; Mick Brown is the author of "Richard