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

by Robert Frank

Book Overview

High-Beta Rich (hi be?ta rich) 1. a newly discovered personality type of the American upper class prone to wild swings in wealth. 2. the winners (and occasional losers) in an economy that creates wealth from financial markets, asset bubbles, and deals. 3. derived from the Wall Street term high beta, meaning highly volatile or prone to booms and busts. 4. an elite that's capable of wreaking havoc on communities, jobs, government finances, and the consumer economy. 5. a new Potemkin plutocracy that hides a mountain of debt behind the image of success and is one crisis away from losing their mansions, private jets, and yachts. Book jacket.

• Format: Hardcover
• Language: English
• ISBN: 0307589897
• ISBN13: 9780307589897
• Release Date: November 2011
• Publisher: Crown Business
• Length: 239 Pages
• Weight: 1.02 lbs.
• Dimensions: 0.9" x 5.9" x 9.5"