This is the fascinating, detailed account of the rise and fall of the largest banking house ever before established in the South, whose financial misfeasance during the prosperous twenties led to its eventual collapse and brought ruin to numerous innocent investors. Caldwell and Company was founded in Nashville in 1917 by Rogers Caldwell, the son of a leading local banker and businessman. Beginning as a small underwriter and distributor of Southern municipal bonds, the firm soon branched out into real estate bonds and industrial securities as well. Control of important banks in Tennessee and Arkansas was acquired; newspapers, and even Nashville's professional baseball team, came under the firm's ownership. Caldwell and Company was, truly, a pioneer conglomerate. Caldwell and Company also ventured into the realm of politics, supporting certain politicians (notably Colonel Luke Lea) with questionable benefits accruing to the firm, including substantial state deposits in Caldwells Bank of Tennessee. In November 1930 the firm went into receivership. Unethical practices, including overextension in the acquisition of banks, insurance companies, and other business, had already strain Caldwell and Company's assets. With the 1929 collapse of stock prices. Rogers Caldwell could not meet the company's obligations, and he began to squeeze all available cash from the various controlled firms. He also negotiated a merger between Caldwell and Company and Banco-Kentucky Company of Louisville-a transaction which must stand as one of the strangest deals in the annals of American business. Even the aforementioned State of Tennessee deposits, which helped float his empire for a while, could not prevent its collapse-a collapse which resulted in a multi-million dollar loss to Tennessee's Treasury, public hysteria, and clamor for the impeachment of the Governor of Tennessee. Originally Published in 1939, this edition includes a new introduction in which the author comments on the long-run implications of the Caldwell episode and reports the outcome of legal actions, both civil and criminal, still pending at the time the book was first published.

"This book is easily one of the best and most readable investment primers I've come across during my 45 years in the business. It's a great way to learn about basic investment concepts and how they can be applied to almost anyone's situation. - William B. Frels, CFA Chairman and CEO, Mairs and Power "Dean Junkans has been a key thought leader for us on investment strategy and asset allocation for many years. Now everyone can benefit from his well thought out views on investing. The Anatomy of Investing is a terrific resource for anyone interested in learning more about the foundation of successful investing. Ignore the promises made by those who advocate the home run trades to riches approach. This book will equip the reader with the understanding and right tools to build a sound and diversified investment decision making approach which has been the hallmark of the industry's best money managers." - Jay Welker, Executive VP and Head of the Wealth Management Group Wells Fargo "Using the anatomy analogy, Junkans is able to clearly explain serious investment truths in a creative and entertaining way to the benefit of novices and pros. This is excellent teaching from a real leader in the investment profession." - Kevin D. Freeman, CFA, CEO Freeman Global Investment Counsel co-author of Investing in Separate Accounts "The Anatomy of Investing is a full-bodied tour of the ins and outs of planning for one's financial future and avoiding the vast number of pitfalls that face individual investors every day. Uncluttered by finance-speak and thoughtfully organized, Dean brings to his subject a wealth of experience and practical advice. From beginning to end, it's clear that he cares deeply about both his subject and the everyday investors he's trying to help." - Tony Carideo, CFA, President, The Carideo Group, Inc. Publisher's website: http://sbpra.com/DeanAJunkans

In Progress and Poverty, economist Henry George scrutinizes the connection between population growth and distribution of wealth in the economy of the late nineteenth century. The initial portions of the book are occupied with refuting the demographic theories of Thomas Malthus, who asserted that the vast abundance of goods generated by an economy's growth was spent on food. Consequently the population rises, keeping living standards low, poverty widespread, and starvation and disease common. Henry George had a different attitude: that poverty could be solved and economic progress preserved. To prove this, he draws upon decades of data which show that the increase in land prices restrains the amount of production on said land; business owners thus have less to pay their workers, with the result being mass poverty especially within cities.

From the #1 bestselling author of The Big Short and Flash Boys, the high-octane story of the enigmatic figure at the heart of one of the 21st century's most spectacular financial collapses

'I asked him how much it would take for him to sell FTX and go do something other than make money. He thought the question over. "One hundred and fifty billion dollars," he finally said-though he added that he had use for "infinity dollars"...'

Sam Bankman-Fried wasn't just rich. Before he turned thirty he'd become the world's youngest billionaire, making a record fortune in the crypto frenzy. CEOs, celebrities and world leaders vied for his time. At one point he considered paying off the entire national debt of the Bahamas so he could take his business there.

Then it all fell apart.

Who was this Gatsby of the crypto world, a rumpled guy in cargo shorts, whose eyes twitched across TV interviews as he played video games on the side, who even his million-dollar investors still found a mystery? What gave him such an extraordinary ability to make money - and how did his empire collapse so spectacularly?

Michael Lewis was there when it happened, having got to know Bankman-Fried during his epic rise. In Going Infinite he tells us a story like no other, taking us through the mind-bending trajectory of a character who never liked the rules and was allowed to live by his own. Both psychological portrait of a preternaturally gifted 'thinking machine', and wild financial roller-coaster ride, this is a twenty-first-century epic of high-frequency trading and even higher stakes, of crypto mania and insane amounts of money, of hubris and downfall. No one could tell it better.