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The Secret Club That Runs the World: Inside the Fraternity of Commodity Traders
US $10.24
Approximately£7.57
Condition:
Good
A book that has been read, but is in good condition. Minimal damage to the book cover eg. scuff marks, but no holes or tears. If this is a hard cover, the dust jacket may be missing. Binding has minimal wear. The majority of pages are undamaged with some creasing or tearing, and pencil underlining of text, but this is minimal. No highlighting of text, no writing in the margins, and no missing pages. See the seller’s listing for full details and description of any imperfections.
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Located in: Sparks, Nevada, United States
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eBay item number:285000583742
Item specifics
- Condition
- Publication Date
- 2014-06-03
- Pages
- 288
- ISBN
- 9781591845461
About this product
Product Identifiers
Publisher
Penguin Publishing Group
ISBN-10
1591845467
ISBN-13
9781591845461
eBay Product ID (ePID)
167720934
Product Key Features
Book Title
Secret Club That Runs the World : inside the Fraternity of Commodities Traders
Number of Pages
288 Pages
Language
English
Topic
Investments & Securities / Commodities / General, Marketing / General, Economic History, General, Corporate & Business History
Publication Year
2014
Illustrator
Yes
Genre
Business & Economics
Format
Hardcover
Dimensions
Item Height
1 in
Item Weight
17.6 Oz
Item Length
9.2 in
Item Width
6.2 in
Additional Product Features
Intended Audience
Trade
LCCN
2014-011517
Reviews
Praise for Kate Kelly's New York Times Bestseller Street Fighters : "It overstates nothing to call Kelly's book brilliantly reported, and her narrative is grippingly propulsive and peopled with fascinatingly drawn characters." - Los Angeles Times "The twists and turns of those frantic few days make for lively reading." - The New York Times "Kelly takes us inside Bear's last, dizzying days. . . .The real draw is the book's surgical detail." - Time "There's so much to like in this book-lively anecdotes, crisp pacing, and brevity . . . a highly accessible narrative for the general reader." - Bloomberg News
TitleLeading
The
Dewey Edition
23
Grade From
Twelfth Grade
Dewey Decimal
332.63/28
Synopsis
"Commodity players are a shrewd and indomitable lot. And the contracts they trade are still so loosely regulated that the correct combination of money and skill creates irresistible opportunity. That's why I'm only half joking when I call them the secret club that runs the world." When most people think of the drama of global finance, they think of stocks and bonds, venture capital, high-tech IPOs, and complex mortgagebacked securities. But commodities? Crude oil and soybeans? Copper and wheat? What could be more boring? That's exactly what the elite commodity traders want you to think. They don't seek the media spotlight. They don't want to be as famous as Warren Buffett or Bill Gross. Their astonishing wealth was created in near-total obscurity, because they dwelled either in closely held private companies or deep within large banks and corporations, where commodity profits and losses weren't broken out. But if the individual participants in the great commodities boom of the 2000s went unnoticed, their impact did not. Over several years the size of the market exploded, and so did prices for raw materials-raising serious questions about whether the big traders were intentionally jacking up the cost of gasoline, food, and other essentials bought by ordinary people around the world. What was really driving all those price spikes? Now Kate Kelly, the bestselling author of Street Fighters , takes us inside this secretive inner circle that controls so many things we all depend on. She gets closer than any previous reporter to understanding these whip-smart, aggressive, and often egomaniacal men (yes, they are nearly all men). They work hard, play hard, flaunt their wealth, and bet millions every day on a blend of facts, analysis, and pure gut instinct. Kelly's narrative focuses on one of the most extraordinary periods in financial history. Though the practice of gaming out price changes in commodities goes back to ancient Mesopotamia, it had never before reached the extremes of the early to mid-2000s. Kelly exposes the role of the hedge funds, banks, brokers, and regulators in this volatile market, through fascinating stories of "secret club" members such as . . . Pierre Andurand, a self-made multimillionaire who generated the winningest annual performance ever for an oil trader in 2008 and hired Elton John to perform at his wedding. Ivan Glasenberg, whose secretive Swiss commodities giant, Glencore, founded by the infamous American fugitive Marc Rich, orchestrated a massive merger with the help of former UK prime minister Tony Blair. Jon Ruggles, a brash know-it-all-recruited by Delta Air Lines to revitalize the airline's fuel hedging business, he continued to make trades in his personal account, a questionable practice given his position. Drawing on her exclusive access to the secret club, and following the trail from New York to Houston, London, Dubai, and beyond, Kelly reveals the immense power in the hands of a few, and the so-far contentious efforts by the Obama administration to rein in the cowboys., Commodity players are a shrewd andindomitable lot. And the contracts theytrade are still so loosely regulated that thecorrect combination of money and skillcreates irresistible opportunity. That s whyI m only half joking when I call them thesecret club that runs the world. When most people think of the drama of globalfinance, they think of stocks and bonds, venturecapital, high-tech IPOs, and complex mortgagebackedsecurities. But commodities? Crude oil andsoybeans? Copper and wheat? What could be moreboring? That s exactly what the elite commodity traderswant you to think. They don t seek the mediaspotlight. They don t want to be as famous asWarren Buffett or Bill Gross. Their astonishingwealth was created in near-total obscurity, becausethey dwelled either in closely held private companiesor deep within large banks and corporations, where commodity profits and losses weren tbroken out. But if the individual participants in the greatcommodities boom of the 2000s went unnoticed, their impact did not. Over several years the sizeof the market exploded, and so did prices for rawmaterials raising serious questions about whetherthe big traders were intentionally jacking up thecost of gasoline, food, and other essentials boughtby ordinary people around the world. What wasreally driving all those price spikes? Now Kate Kelly, the bestselling author of"Street Fighters," takes us inside this secretive innercircle that controls so many things we all dependon. She gets closer than any previous reporter tounderstanding these whip-smart, aggressive, andoften egomaniacal men (yes, they are nearly allmen). They work hard, play hard, flaunt theirwealth, and bet millions every day on a blend offacts, analysis, and pure gut instinct. Kelly s narrative focuses on one of the mostextraordinary periods in financial history. Thoughthe practice of gaming out price changes in commoditiesgoes back to ancient Mesopotamia, it hadnever before reached the extremes of the early tomid-2000s. Kelly exposes the role of the hedgefunds, banks, brokers, and regulators in this volatilemarket, through fascinating stories of secretclub members such as . . .Pierre Andurand, a self-made multimillionairewho generated the winningest annual performanceever for an oil trader in 2008 and hiredElton John to perform at his wedding.Ivan Glasenberg, whose secretive Swiss commoditiesgiant, Glencore, founded by the infamousAmerican fugitive Marc Rich, orchestrateda massive merger with the help of former UKprime minister Tony Blair.Jon Ruggles, a brash know-it-all recruitedby Delta Air Lines to revitalize the airline s fuel hedgingbusiness, he continued to make tradesin his personal account, a questionable practicegiven his position. Drawing on her exclusive access to the secret club, and following the trail from New York to Houston, London, Dubai, and beyond, Kelly reveals theimmense power in the hands of a few, and theso-far contentious efforts by the Obama administrationto rein in the cowboys."
LC Classification Number
HG6046.5.K46 2014
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- m***m (2282)- Feedback left by buyer.Past 6 monthsVerified purchaseI’m thrilled with my recent purchase . The website was user-friendly, and the product descriptions were accurate. Customer service was prompt and helpful, answering all my questions. My order arrived quickly, well-packaged, and the product exceeded my expectations in quality. I’m impressed with the attention to detail and the overall experience. I’ll definitely shop here again and highly recommend from this seller to others. Thank you for a fantastic experience!
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Seller Feedback (512,314)
- m***m (2282)- Feedback left by buyer.Past 6 monthsVerified purchaseI’m thrilled with my recent purchase . The website was user-friendly, and the product descriptions were accurate. Customer service was prompt and helpful, answering all my questions. My order arrived quickly, well-packaged, and the product exceeded my expectations in quality. I’m impressed with the attention to detail and the overall experience. I’ll definitely shop here again and highly recommend from this seller to others. Thank you for a fantastic experience!
- a***n (43)- Feedback left by buyer.Past 6 monthsVerified purchaseMistakenly ordered a paperback that I thought was a hardcover, not sellers fault; it was described properly on the listing. Seller still processed a refund the day I went to return the item and let me keep the item anyway. A+++ service. Book arrived quickly in great condition and for a great price. Thank you so much! Amazing seller!
- n***c (94)- Feedback left by buyer.Past 6 monthsVerified purchaseseller was communicative about my shipment, media mail took a while and tracking wasn't updated frequently, but seller communicated to me very quickly on status. the item came new and wrapped as described, though the packaging in it was packed wasn't sturdy and falling apart when it got to me.