New PDF release: Devil's Plaything

By Matt Richtel

ISBN-10: 0061999695

ISBN-13: 9780061999697

All of us hold secrets and techniques, yet what if anyone wasn't simply stealing our secrets and techniques yet altering them . . . and our brains?

Journalist Nat Idle is sort of gunned down in Golden Gate Park. He quick learns it was once no random assault. all of sudden, in pursuit of the reality, he's working for his lifestyles throughout the shadows of Silicon Valley, a human lab animal stuck in a dangerous maze of neurotechnology and institutional paranoia. And his survival rests solely within the fingers of his eighty-five-year-old grandmother, Lane, who's struggling with dementia and can't keep in mind the key on the middle of the world-changing conspiracy.

writer, know-how reporter, Pulitzer Prize winner, Matt Richtel has dreamed up a lovely nightmare firmly grounded in precise technology. the longer term is now, the chances never-ending . . . and certainly terrifying.

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Additional resources for Devil's Plaything

Sample text

Several years later he lamented, “What seems really strange now is that I could make a prediction of that kind in all seriousness, yet not have the sense to realize the dangers to which I continued to subject the Account’s capital” (Benjamin Graham, Benjamin Graham: The Memoirs of the Dean of Wall Street, edited by Seymour Chapman [New York: McGraw-Hill, 1996], 259). In mid-1929, the equity in the “Account” was a proud $2,500,000; by the end of 1932, it had shrunk to a mere $375,000. The dismay and apprehension Graham experienced during those three long years he summarized by saying: The chief burden on my mind was not so much the actual shrinkage of my fortune as the lengthy attrition, the repeated disappointments after the tide had seemed to turn, the ultimate uncertainty about whether the Depression and the losses would ever come to an end.

Forgetting to Read Menus from Right to Left As for the analysis of individual businesses, Graham attached great importance to the purchase price, the only variable over which an investor has control (if he has the discipline to patiently wait, and sometimes forgo purchase altogether, so as to pay no more than a price that affords a satisfactory margin of safety). Graham distinguished between financial reasoning and business reasoning as they relate to purchase price: We have here the point that brings home more strikingly perhaps than any other the widened rift between financial thought and ordinary business thought.

The aforementioned conversation Graham had with Baruch, followed later by his words of contrition, are still ringing in our ears. It’s a Numbers Game In examining the confluence of forces that culminated in the Crash of 1929, Benjamin Graham compared the late stages of the phenomenon with the Alaskan Gold Rush. The blurring of distinctions between Wall Street and Main Street that occurred in the last chimerical years of the 1920s became the fetid bog of exaggerated expectations in which an addictive Gold Rush mentality fermented.

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Devil's Plaything by Matt Richtel


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