front cover of Tales of an Old Horsetrader
Tales of an Old Horsetrader
The First Hundred Years
Leroy Judson Daniels
University of Iowa Press, 1987

Leroy Daniels was born in 1882 near Adair, Iowa. When he was ten, his father gave him a pony and a checkbook and sent him out to buy cattle. By the time he was sixteen, he was alone on a ranch in Montana with a herd of seventy wild horses to break. At twenty-one, he was trading horses in the Chicago stockyards, where he told Henry Ford that a horse was better than a car any day. At one hundred, he retired to tell his memoirs.

The years in between are well worth reading about. Lee Daniels followed a plow all day long, worked coal to make ends meet, raised and traded and sold all manner of four-legged stock. But horses were always part of his life. Daniels traded them in Chicago for decades, sold them to Italy, England, France, and Belgium during World War I, inspected them for the army once the U.S. joined the Allies, bought them for eighty dollars in the morning and sold them for thousands by noon. He handled show horses, work horses, and trick horses, traveled the country over to fill his show barn with the best of them, befriended, understood, and loved them.

These pages tell the tale of a unique and vigorous American whose every word reveals his love of this land and its animals. If you weren't lucky enough to live like Lee Daniels, reading about his life is the next best thing.

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Tata
The Global Corporation That Built Indian Capitalism
Mircea Raianu
Harvard University Press, 2021

An eye-opening portrait of global capitalism spanning 150 years, told through the history of the Tata corporation.

Nearly a century old, the grand façade of Bombay House is hard to miss in the historic business district of Mumbai. This is the iconic global headquarters of the Tata Group, a multinational corporation that produces everything from salt to software. After getting their start in the cotton and opium trades, the Tatas, a Parsi family from Navsari, Gujarat, ascended to commanding heights in the Indian economy by the time of independence in 1947. Over the course of its 150-year history Tata spun textiles, forged steel, generated hydroelectric power, and took to the skies. It also faced challenges from restive workers fighting for their rights and political leaders who sought to curb its power.

In this sweeping history, Mircea Raianu tracks the fortunes of a family-run business that was born during the high noon of the British Empire and went on to capture the world’s attention with the headline-making acquisition of luxury car manufacturer Jaguar Land Rover. The growth of Tata was a complex process shaped by world historical forces: the eclipse of imperial free trade, the intertwined rise of nationalism and the developmental state, and finally the return of globalization and market liberalization. Today Tata is the leading light of one of the world’s major economies, selling steel, chemicals, food, financial services, and nearly everything else, while operating philanthropic institutions that channel expert knowledge in fields such as engineering and medicine.

Based on painstaking research in the company’s archive, Tata elucidates how a titan of industry was created and what lessons its story may hold for the future of global capitalism.

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The Taxation of Income from Business and Capital in Colombia
Charles E. McLure, Jr., John Mutti, Victor Thuronyi, and George R. Zodrow
Duke University Press, 1990
“Over the years Colombian tax officials have received the benefit of first-class advice of leading foreign scholars. In return, these scholars—and indeed everyone concerned with development policy—have gained a great deal both from the unusual willingness of Colombians to consider new ideas in detail and then, after full public discussion, drawing on the work of these experts to design a ‘made-in-Colombia’ solution.
“[The book’s] most important contribution, however, is undoubtedly with respect to consumption taxes. No one, anywhere, has thought through with such care just how the so-called ‘simplified alternative tax’ (essentially a direct personal consumption tax combined with a cash-flow corporate tax) might work in the real world. Since such taxes are increasingly being considered—if not adopted—all over the world, in developing and developed countries alike, for this reason alone this book should be high on the reading list of all those concerned with the design and implementation of efficient and equitable direct tax systems.”—From the Foreword by Richard M. Bird
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The Templeton Plan
21 Steps To Personal Success
John Marks Templeton
Templeton Press, 2011
John Templeton believes that his financial accomplishments are directly related to his strong convictions. Now he shares the secrets of his phenomenal success in twenty-one principles that provide readers with solid guidelines for prosperity and happiness.
Templeton maintains that the common denominator connecting successful people with successful enterprises is a devotion to ethical and spiritual principles. He emphasizes the “laws of life”—truthfulness, perseverance, thrift, enthusiasm, humility, and altruism—that can help everyone discover and develop their individual abilities.
A Giniger Book formerly published by Harper & Row in 1987
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Templeton Plan
21 Steps to Personal Success and Real Happiness
Sir John Templeton
Templeton Press, 2013
Sir John Templeton (1912–2008), the Wall Street legend who has been described as “arguably the greatest global stock picker of the twentieth century,” clearly knew what it took to be successful. The most important thing, he observed, was to have strong convictions that guided your life—this was the common denominator he saw in all successful people and enterprises. Fortunately for us, he was eager to share his own blueprint for personal success and happiness with the rest of the world. In The Templeton Plan, he laid out the twenty-one guiding principles by which he governed both his professional and personal life.
 
These principles were grounded in virtues that he considered important enough to be considered the “laws of life”—they include honesty, perseverance, thrift, enthusiasm, humility, and altruism. From this moral foundation, Templeton formulated a step-by-step plan to help improve anyone’s personal and professional life. Among the steps he enumerates, readers will find:
·       Four exercises that will help anyone find the positive in every negative
·       How to be the one person in ten that will productively use more time than they waste
·       The secret trait that separates great workers from good workers
·       How to control your thoughts for effective action
·       The practical applications of a sense of humility
·       How successful people approach risks differently from most people
Taken as a whole, the lessons contained within his twenty-one steps will help readers make lasting friendships, reap significant financial rewards, and find personal satisfaction.
 
Ever a believer in the future’s vast potential, Templeton hoped that sharing his principles would inspire others to seek their own laws of life, formulate their own plans, and find success and happiness on a scale exponentially greater than his own. He freely admitted that he didn’t know everything and that there was yet much to be discovered about prosperity and joy. The Templeton Plan not only offers his recipe for success, but also shows us the way to formulate our own plans.

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The Templeton Touch
William Proctor
Templeton Press, 2012
Although John Templeton (1912–2008) simply considered himself a bargain hunter, those in the know on Wall Street considered him one of the greatest stock pickers of the twentieth century. Anyone prudent enough to have invested $10,000 in his Templeton Growth Fund when it was first established in 1954 would today have over $7 million to their name if they left those funds alone. Few mutual funds can match that kind of spectacular and consistent performance.
 
How did he do it? What kind of principles guided his decisions through bull and bear markets? What was the secret to his success? Fortunately, generosity was one of Templeton’s defining characteristics, and he freely shared his investing wisdom with the world in The Templeton Touch. This edition, which has been greatly expanded and revised from the original 1983 publication, gives the reader an inside look at the mindset that made Templeton a Wall Street legend. His global focus, his relentless curiosity, his future-mindedness, his personal touch with clients, his willingness to take reasonable risks, his reliance on deep research and fundamental analysis— everything that set him apart from the crowd is covered here in great detail by authorized biographer William Proctor. This updated edition also contains a new section comprised of twenty-two interviews with those who knew and worked with Templeton, conducted by Scott Phillips. Among those interviewed are business luminaries like Jim Rogers, Julian Robertson, Steve Forbes, Prem Watsa, Mason Hawkins, and Michael Price.
 
The Templeton Touch should be required reading for any investor, from the absolute novice to the most experienced. Not only could Templeton’s practical advice help guide investors through tricky market conditions, but the many insights into his character and his philosophies could help anyone live a more successful life.
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Thomas Mellon And His Times
Thomas Mellon
University of Pittsburgh Press, 1996

In 1885, at the age of seventy-two and “in the evening of life,” Thomas Mellon published his autobiography in a limited edition exclusively for his family.  He was a distinguished and highly successful Pittsburgh entrepreneur, judge, and banker, and his descendants would play major roles in American business, art, and philanthropy.  Two of his sons, Andrew William and Richard Beatty, were to join Henry Ford and John D. Rockefeller as the four wealthiest men in the United States.

Thomas Mellon was an anomaly among the great American capitalists of his time.  Highly literate and intelligent, astute and deadly honest about his own life and financial success, and an excellent narrative writer with a chilly but genuine sense of humor, he wrote a perspective and self-revealing book that remains to this day a major autobiography and an important source for American social and business history.

That it has found very few readers in the 114 year since its publication is due to the author himself.  Warning his descendants in the preface that the book should never “be for sale in the bookstore, nor any new edition published,” because it contains “nothing which concerns the public to know, and much which if writing for it I would have omitted,” Thomas in effect buried a masterpiece.

Nor in later years has it ever been generally available.  An abridged version was prepared solely for the Mellon family in 1968, and the book also appeared years ago in an obscure fascimile.  Until the University of Pittsburgh Press edition, Thomas Mellon and His Times has been virtually unobtainable.

Born in Ulster with a Scotch-Irish heritage, Thomas Mellon immigrated to the United States in 1818 at the age of five.  He was raised by his parents on a small, hilly farm at Poverty Point, about twenty miles east of Pittsburgh.  When he was nine, he walked to Pittsburgh and, awe-struck, viewed the mansion and steam mill of the Negley family, “impressed . . . with an idea of wealth and magnificence I had before no conception of.”

Yet the true turning point of his life was a decision he made at the age of seventeen.  For years his father, Andrew, had insisted that Thomas become a farmer.  One summer day in 1831, leaving his son cutting timber, Andrew rode to the county seat to close on the purchase of an adjoining farm which he intended for Thomas.  “Nearly crazed” by the impending collapse of all hope of “acquiring knowledge and wealth,” Thomas threw down his axe and ran ten miles to stop the purchase.  From this spontaneous decision flowed his later success as a judge, banker, and capitolist who caught the exhilarating tide of the American economy in the second half of the nineteenth century.

For this new edition of the book, Paul Mellon, Thomas Mellon’s grandson, has written a preface, and David McCullough, winner of the Pulitzer Prize for his biography of Harry S. Truman, has contributed a foreword.  The introduction, notes, and afterword by Mary L, Briscoe, Professor of English at the University of Pittsburgh and editor of American Autobiography, 1945-1980, provide the historical and social context for the autobiography.  The book is illustrated with three maps and approximately twenty-five photographs, many of them rarely seen, from a variety of sources that includes Paul Mellon and other members of the Mellon family.

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To Serve God and Wal-Mart
The Making of Christian Free Enterprise
Bethany Moreton
Harvard University Press, 2009

In the decades after World War II, evangelical Christianity nourished America’s devotion to free markets, free trade, and free enterprise. The history of Wal-Mart uncovers a complex network that united Sun Belt entrepreneurs, evangelical employees, Christian business students, overseas missionaries, and free-market activists. Through the stories of people linked by the world’s largest corporation, Bethany Moreton shows how a Christian service ethos powered capitalism at home and abroad.

While industrial America was built by and for the urban North, rural Southerners comprised much of the labor, management, and consumers in the postwar service sector that raised the Sun Belt to national influence. These newcomers to the economic stage put down the plough to take up the bar-code scanner without ever passing through the assembly line. Industrial culture had been urban, modernist, sometimes radical, often Catholic and Jewish, and self-consciously international. Post-industrial culture, in contrast, spoke of Jesus with a drawl and of unions with a sneer, sang about Momma and the flag, and preached salvation in this world and the next.

This extraordinary biography of Wal-Mart’s world shows how a Christian pro-business movement grew from the bottom up as well as the top down, bolstering an economic vision that sanctifies corporate globalization.

The author has assigned her royalties and subsidiary earnings to Interfaith Worker Justice (www.iwj.org) and its local affiliate in Athens, GA, the Economic Justice Coalition (www.econjustice.org).

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front cover of The Transnational History of a Chinese Family
The Transnational History of a Chinese Family
Immigrant Letters, Family Business, and Reverse Migration
Liu, Haiming
Rutgers University Press, 2005

Family and home are one word—jia—in the Chinese language. Family can be separated and home may be relocated, but jia remains intact. It signifies a system of mutual obligation, lasting responsibility, and cultural values. This strong yet flexible sense of kinship has enabled many Chinese immigrant families to endure long physical separation and accommodate continuities and discontinuities in the process of social mobility.

Based on an analysis of over three thousand family letters and other primary sources, including recently released immigration files from the National Archives and Records Administration, Haiming Liu presents a remarkable transnational history of a Chinese family from the late nineteenth century to the 1970s. For three generations, the family lived between the two worlds. While the immigrant generation worked hard in an herbalist business and asparagus farming, the younger generation crossed back and forth between China and America, pursuing proper education, good careers, and a meaningful life during a difficult period of time for Chinese Americans. When social instability in China and hostile racial environment in America prevented the family from being rooted in either side of the Pacific, transnational family life became a focal point of their social existence.

This well-documented and illustrated family history makes it clear that, for many Chinese immigrant families, migration does not mean a break from the past but the beginning of a new life that incorporates and transcends dual national boundaries. It convincingly shows how transnationalism has become a way of life for Chinese American families.

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front cover of Triumphant Capitalism
Triumphant Capitalism
Henry Clay Frick and the Industrial Transformation of America
Kenneth Warren
University of Pittsburgh Press, 2000
A detailed, carefully wrought business biography of Henry Clay Frick, one of the leading entrepreneurs in American heavy industry during the late nineteenth and early twentieth centuries.  Kenneth Warren has provided not only insight into the life of Henry Clay Frick, but a major contribution to our understanding of the history of the basic industries, the shaping of society, locality, and region - and thereby of laying the foundations for the value systems and landscapes of present-day America.
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Tyson
From Farm to Market
Marvin Schwartz
University of Arkansas Press, 1991
Marvin Schwartz chronicles the story of Tyson Foods and its impact on both the business community and the poultry market in America in an entertaining and enlightening tribute to the Tyson vision and success.
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