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The High-Beta Rich: How the Manic Wealthy Will Take Us to the Next Boom, Bubble, and Bust
     

The High-Beta Rich: How the Manic Wealthy Will Take Us to the Next Boom, Bubble, and Bust

4.5 2
by Robert Frank, Paul Costanzo (Narrated by)
 

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New York Times bestselling author Robert Frank explores the world of the high-beta rich and shows how their increasing influence is dangerous for America.

Robert Frank is a senior special writer at the Wall Street Journal, where he writes a weekly column and daily blog called The Wealth Report. He has been with the Journal for 13 years, with postings in

Overview

New York Times bestselling author Robert Frank explores the world of the high-beta rich and shows how their increasing influence is dangerous for America.

Robert Frank is a senior special writer at the Wall Street Journal, where he writes a weekly column and daily blog called The Wealth Report. He has been with the Journal for 13 years, with postings in Atlanta, London, Singapore, and New York, and was part of a team that won an Overseas Press Club Award in 1998 for its coverage of developing economies. Robert lives in New York with his wife and daughter. Educated at Juilliard and having performed with orchestras internationally, Paul Costanzo has brought the sensitivity and nuance of a classical music background to the world of voice acting for over twenty-five years. He was chosen by New York Times bestselling author Catherine Coulter to record titles in her FBI series, and Audiofile magazine has called his narration "Superb."

Editorial Reviews

Publishers Weekly
Just like Toto tugging at the curtain to reveal the wizard of Oz, Frank (Richistan) lifts the veil shrouding the nouveau (and extremely) riche to expose the sources of their new fortunes and the extent of their excesses. Some of his findings are certainly not groundbreaking—“The wealthy, who were once America’s most savvy savers, are now the nation’s biggest spendthrifts”—but it’s the scale that astounds. Frank’s book is a Baedeker to a Shangri-la of Versailles-size mansions and estates, rampant consumption, private jets, yachts, and extensive household staff. While the recession continues to wreak havoc in the economic lives of the nation’s middle- and low-income population, Frank provides a cogent explanation of how megabillionaires have contributed to today’s economic conditions and heightened economic inequities. Furthermore, he shows that few are genuinely interested in job creation or the long-term prosperity of others. Frank’s readers are left with a depressing sense of an economic order where the average American family will continue to see a decline in its standard of living with few solutions in sight. (Nov.)
From the Publisher
"The High-Beta Rich vividly illustrates how the wealthy and those they employ have become increasingly tied to the vicissitudes of the stock market and the macroeconomy. It is a cautionary tale for all." ---Steven Neil Kaplan

Product Details

ISBN-13:
9781452604923
Publisher:
Tantor Media, Inc.
Publication date:
11/01/2011
Edition description:
Unabridged CD
Product dimensions:
6.50(w) x 5.50(h) x 1.10(d)

What People are Saying About This

From the Publisher
"The High-Beta Rich vividly illustrates how the wealthy and those they employ have become increasingly tied to the vicissitudes of the stock market and the macroeconomy. It is a cautionary tale for all." —-Steven Neil Kaplan

Meet the Author

Frank is Goldwyn Smith Prefessor of Economics, Ethics, and Public Policy at Cornell University

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The High-Beta Rich: Why the Unstable Super-Wealthy Will Lead Us to the Next Boom, Bubble and Bust 4.3 out of 5 based on 0 ratings. 3 reviews.
Lufbra More than 1 year ago
This book is a sequel to Robert Franks 'Richistan' updating the life of some of the well-heeled people we met in that book. It interesting to see how they are now after losing millions of dollars in the financial collaspe and Frank still has that great journilistic prose style that puts the reader front and center in a world that he will probably never know but this book is a little too academic. He uses a couple of charts to illistrate his point and is very liberal in his use of percentages to place the well-heeled into their poper context in society - There's alot of '20% of the top 1% accounted for 34% of the nations consummer economy during through the years 2004-2007' and the like- meaning that his writing didn't move as fluidly as in 'Ricistan'. But it's all very interesting stuff and Frank does cover the full gamet of the modern gilded society even spending time with a man who reposses private jets - Yeah, they do exist. IT certainly well worth the read especially if you've read Richistan if you haven't read the first book than buy them both to get a full picture of life is like up in the lofty world of the uber-rich.
Anonymous More than 1 year ago
Anonymous More than 1 year ago