The Stewardship of Wealth : Successful Private Wealth Management for Investors and Their Advisors + Website.

The Stewardship of Wealth : Successful Private Wealth Management for Investors and Their Advisors + Website.

Indispensable advice for building a lasting financial legacy Building wealth is hard to do, but maintaining that wealth across generations is even more challenging. In The Stewardship of Wealth: Successful Private Wealth Management for Investors and Their Advisors + Website, wealth advice expert Gre...

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Bibliographic Details
Format: eBook
Language:English
Published: Wiley 2012.
Subjects:
Investments > United States.
Wealth > United States.
Finance > United States.
Finance
Investments
Wealth
United States
Online Access:Click for online access
Table of Contents:
  • The Stewardship of Wealth; Contents; Preface; Acknowledgments; Part 1 The Importance of Private Capital; Chapter 1 Wealth in America: The Indispensable Rich; Democracy and Capitalism; Capitalism and Its Contradictions; Providential Societies; Risk and Strength; America and Decline; On China; Addressing the Declinists; Conclusion: American Distinctiveness and Private Wealth; Notes; Chapter 2 Creative Capital; A (Brief) Moral History of Capitalism; The Ancients; Moral Arguments for Capitalism; Voltaire; Adam Smith; Hegel; Contemporary Discussions; The Moral Basis of Private Capital.
  • Creative Capital in AmericaHigher Education: The Case of St. John's College; Politics: The Conservative Resurgence; New Business Ideas: Venture Capital in America; Creative Capital and Vibrant Societies; Why Do Creative Capitalists Persist?; The Indispensable Nation; Conclusion: Underdogs and Bullies; Notes; Part 2 The Stewardship of Wealth; Chapter 3 Are We Living in a Permanent Financial Crisis?; The End of History (Again); A Permanent Financial Crisis?; The Cause of the Crisis Matters; The Industrial Revolution and Its Aftermath; The Great (and Strange) Experiment.
  • Seize the Means of Production!The Power to Tax Is the Power to Destroy-Societies; B̀̀orrowing ... the Disease Is Incurable''; Now What?; But, First, a Note about Germany; Investing Capital in a (Very) Uncertain World; Conclusion: A World At Risk; Notes; Chapter 4 Risk; Families and Investment Risk; L̀̀ow''-Risk Investments; H̀̀igh''-Risk Investments; R̀̀easonable''-Risk Investments: Marketable Securities; The Law of Supply and Demand (Again); Idiosyncratic Ideas about Risk; Real Risks: Those Embedded in the Process of Investing; Individual Stock Risk versus Broad Market Risk; Price Volatility.
  • Wildness in the TailsInvestor Behavior; Making a Truly Terrible Decision; Variance Drain; Dick and Jane and Variance Drain; Later, at Le Cirque; Variance Drain Scenarios; Behavioral Finance: Are We Hard-Wired for Failure?; Professor Odean on Behavioral-Inspired Wealth Transfer; What Can We Do about It?; Edith and the Headwinds She Faces; The First Thing Edith Forgot: Variance Drain; The Second Thing Edith Forgot: Inflation; The Third Thing Edith Forgot: Investment Costs; The Fourth Thing Edith Forgot: Taxes; The Fifth Thing Edith Forgot: Spending; What Should Edith Do?
  • Conclusion: Preserving Wealth Is Hard SloggingNotes; Chapter 5 The Collapse of Ethical Behavior; What Caused the Crisis?; An Unsavory Rehash of the Ethical Failures; Ethical Failures in Subprime Lending; Ethical Failures among the Subprime Lending Banks; Ethical Failures in Auction Rate Securities; Ethical Failures among the GSEs; The Contemptible Public Disclosures of Financial Firms; Shorting the Securities You Are Selling to Your Clients; Paulson Bernanke & Co. and the Conspiracy of Silence; How Scandal Became Crisis; Trust; Customers; Why Such an Ethical Swamp?; Hedge Fund Wannabees.

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