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Those ignorant of the mistakes of the past are bound to lose a lot of money. That's why Bob McMath founded the New Products Showcase and Learning Center -- a "Smithsonian for Stinkers", Business Week dubbed it. There, executives from top corporations pay huge amounts of money to rummage through some 80,000 products gone awry. Their mission: to avoid the misguided, expensive, and occasionally ludicrous mistakes that trip up even top companies. In What Were They Thinking?, McMath shows you how to avoid such mistakes, with more than eighty marketing lessons he's learned from his long experience with clods and clunkers.

The S&P futures pit is the ultimate arena for traders. It is a place where trading titans make split-second decisions on huge amounts of money, and fortunes appear and vanish with the blink of an eye. Successful day traders are brilliant, aggressive and lucky. Lewis J. Borsellino is all three. And now he is telling his story. The nation's top S&P futures trader, Borsellino takes you inside the world of the day trader. Chronicling Borsellino's incredible run on the floor of the Chicago Mercantile Exchange, "The Day Trader" offers a rare behind-the-scenes look at his everyday strategies and tactics. Raised to be a fierce and fearless competitor, Borsellino felt at home the first day he walked into the chaos and excitement of the Merc. In "The Day Trader," he offers both a compelling story as well as an inside look at day trading and the S&P market. Borsellino outlines exactly what contributed to his unparalleled success a rare blend of discipline, drive, intelligence, and an uncanny ability to read and interpret the market. "The Day Trader" is also a candid memoir of a second-generation Italian American who learned tough life lessons from his father. The senior statesman of the S&P pit, Borsellino offers vivid firsthand accounts of the unique dynamics of the trading floor, the fortunes won and lost in the crash of 1987, the FBI investigation that rocked the futures trading industry, and the tense political battles between Merc titans Leo Melamed and Jack Sandner. He also shares war stories from the floor, many involving top traders such as Richard Dennis and George Soros. Finally, Borsellino chronicles the latest phase of his career, as he moves beyond the tradingpit to the challenges and opportunities of the electronic trading arena.

Dead money (poker) - In Poker, Dead money is the amount of money in the pot other than the equal amounts bet by active remaining players in that pot. For example, money that was put there by players who are no longer eligible to win it because they have folded, or an odd chip left in the pot from a previous deal.

Instant noodles - Instant noodles are precooked dried noodles fused with oil, which can be prepared for consumption simply by adding boiling water and a flavor packet (usually containing an amount of monosodium glutamate) for short periods of time, usually for about 5 minutes.

Present value - The present value of a future cash flow is the nominal amount of money to change hands at some future date, discounted to account for the time value of money. A given amount of money is always more valuable sooner than later since this enables one to take advantage of investment opportunities.

Purchasing power - In economics, purchasing power refers to the amount of goods and services a given amount of money — or, more generally, liquid assets — can buy. As Adam Smith noted, having money gives one the ability to "command" others' labor, so purchasing power to some extent is power over other people.

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Business Investing Stock and Bonds - ... but more exotic varieties of bonds can be extremely risky. As the bond market has grown to include bond futures, global bonds, business investing stock and bonds and bond derivatives, the market has expanded business investing stock and bonds and added huge amounts of risk as well as leverage. Despite the risks, the inescapable fact is that bonds should be a part of every investors portfolio. This book introduces you to all forms of bond investing, the unique risks of bonds, business ...

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