No One Ever Told Us That

No One Ever Told Us That
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Extraordinary opportunities for China's major financial services providers Over the past three decades, China has attained and solidified its position as the world's second-largest economy. There is now an enormous demand for Chinese financial services, especially those related to securities. Chinese Securities Companies is essential reading for anyone involved in Chinese capital markets, because this is a situation that has never been seen before. Management, profit structure, sponsor systems, reform potential—all have unique elements in China, and all are analyzed in depth in this book. Chinese securities expert Wu Xiaoqiu has developed an influential model for understanding China's capital markets in their historical perspective and creating success in this high-demand industry. Read Chinese Securities Companies to understand the four things firms must do in order to exceed the accomplishments of giants like CITIC Securities: Create international vision Develop innovative talent Establish solid capital power Engage in rigorous risk management Using this formula, developed with the aid of research from Moody's, along with a robust historical perspective, Wu Xiaoqiu has written an essential text for anyone involved in global financial services.

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John D. Spooner. No One Ever Told Us That

DISCLAIMER

ACKNOWLEDGMENTS

INTRODUCTION

PART I. BECOMING A PROFESSIONAL

CHAPTER 1. TAKE THE PRO TO LUNCH

CHAPTER 2. BEWARE OF EXPERTS

CHAPTER 3. IF YOUR COMPANY IS BOUGHT BY ANOTHER

CHAPTER 4. ENTITLEMENT

CHAPTER 5. DON'T BE A WISE GUY

CHAPTER 6. A LITTLE BIT OF NEW JERSEY OR BROOKLYN

CHAPTER 7. DON'T BE AFRAID TO ASK STUPID OR PROVOCATIVE QUESTIONS

CHAPTER 8. LAUGHTER CAN DIFFUSE THE PROBLEMS

CHAPTER 9. YOU NEVER KNOW ANYONE UNTIL YOU DEAL WITH THEIR MONEY

CHAPTER 10. PLAN FOR THE WORST CASE, NOT THE BEST, IN BUSINESS AND IN LIFE

CHAPTER 11. SO YOU WANT TO BE IN THE INVESTMENT BUSINESS

CHAPTER 12. DO YOUR HOMEWORK

CHAPTER 13. HOW TO GET GOOD PRESS AND PUBLICITY

CHAPTER 14. ACTS OF KINDNESS

CHAPTER 15. TIPPING

CHAPTER 16. RESUMES REDUX

CHAPTER 17. ALWAYS HAVE A FALLBACK PLAN

CHAPTER 18. BLOOD AND WATER

CHAPTER 19. MEDIA TRANSLATIONS

CHAPTER 20. SO YOU GOT FIRED

CHAPTER 21. PROVOCATIVE HEADINGS

CHAPTER 22. GETTING RICH: THE UPS AND DOWNS

CHAPTER 23. BRANDING: PULLING THE WAGON

CHAPTER 24. TRIBES

CHAPTER 25. WEEKENDS

CHAPTER 26. BEING AN ENTREPRENEUR: WHAT IT TAKES

PART II. BECOMING FINANCIALLY SECURE

CHAPTER 27. INTEREST RATES

CHAPTER 28. INSIDER TRADING

CHAPTER 29. DO YOU WANT TO MAKE MONEY, OR WOULD YOU RATHER FOOL AROUND?

CHAPTER 30. DOING STOCK RESEARCH

CHAPTER 31. MAKE LONG-TERM MONEY WITH SIMPLE THEMES

CHAPTER 32. CAN YOU DO IT YOURSELF?

CHAPTER 33. GETTING TO PEACE OF MIND

CHAPTER 34. PICKING SOMEONE TO WATCH OVER YOUR MONEY

CHAPTER 35. WHEN YOU'RE FRIGHTENED BY THE NEWS

PART III. BECOMING YOUR OWN PERSON

CHAPTER 36. THE ACTOR AND THE ACTRESS

CHAPTER 37. HAVING SOMETHING TO TRADE

CHAPTER 38. THE 110 PERCENT RULE

CHAPTER 39. LIFE LESSONS: DON'T LOOK BACK

CHAPTER 40. GET YOUR ELDERS' STORIES

CHAPTER 41. DON'T BE A TRUSTEE OR AN EXECUTOR*

CHAPTER 42. BUYING AND SELLING JEWELRY

CHAPTER 43. SOCIAL OR COUNTRY CLUBS

CHAPTER 44. THE INCREMENTAL PAIN IN THE BUTT THEORY

CHAPTER 45. EVERY FAMILY IS A SOAP OPERA

CHAPTER 46. FATHERS AND SONS

CHAPTER 47. WHEN FAMILY OR FRIENDS ARE AFFLICTED

CHAPTER 48. GO TO THE SOURCE

CHAPTER 49. PHILANTHROPY

CHAPTER 50. KEEP THE MARKERS OUT THERE

CHAPTER 51. RAISING CHILDREN

CHAPTER 52. MARRIAGE

CHAPTER 53. DIVORCE

CHAPTER 54. SOMEONE TO LOVE YOU

CHAPTER 55. MEDICAL SMARTS

CHAPTER 56. TAKING CARE OF THE PEOPLE WHO TAKE CARE OF YOU

CHAPTER 57. LOSING A PARENT

CHAPTER 58. GETTING SMART LAWYERS ON YOUR SIDE

CHAPTER 59. LAST CHAPTER

ABOUT THE AUTHOR

OTHER BOOKS BY JOHN D. SPOONER

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I am a writer. But I also happen to run a wealth management business under the umbrella of a major investment banking firm. These dual careers are distinctly separate from one another. This right brain, left brain life seems to work fine for me.

But my opinions expressed within these chapters are strictly from my own experiences, and are my own observations.

.....

My wife of 45 years, Susan, died of lung cancer in June of 2011. We were all alone in our house, looking out of our bedroom at sailboats, white against blue, rushing into harbor. “It's late, isn't it?” she asked, coming in and out of morphine-assisted sleep. Those were her last words to me.

For years in my marriage, I counseled Susan about things to watch for after I got hit by the big bus in the sky. Things such as “Anything anyone wants to do for you, who can't explain themselves in a few simple paragraphs, should not be hired to help you,” “Anything that seems like BS to you probably is,” and, “You have to reach out to friends, not automatically assume that everyone is always going to call you.” Of course, everything you plan for almost never happens the way you plan. It may be better than you anticipated. But it won't be as you thought or feared.

.....

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