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The Lives And Time Of Siegmund Warburg
Penguin
July 2010
On Sale: June 24, 2010
560 pages ISBN: 159420246X EAN: 9781594202469 Hardcover
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Non-Fiction
Bestselling author Niall Ferguson reveals for the first time
the true extent of Siegmund Warburg's influence-and the
lessons we can learn in a time of crisis from the last of
the high financiers. "Success from the financial and from
the prestige point of view . . . is not enough; what matters
even more is . . . adherence to high moral and aesthetic
standards." -Siegmund Warburg, 1959 In this pathbreaking new
biography, based on more than ten thousand hitherto
unavailable letters and diary entries, bestselling author
Niall Ferguson returns to his roots as a financial historian
to tell the story of Siegmund Warburg, an extraordinary man
whose austere philosophy of finance offers much insight
today. A refugee from Hitler's Germany, Warburg rose to
become the dominant figure in postwar City of London and one
of the architects of European financial integration. Seared
by the nearcollapse and then "Aryanization" of his family's
long-established bank in the 1930s and then frustrated by
the stagnation of its Wall Street sister, Kuhn Loeb, in the
1950s, Warburg resolved that his own firm of S. G. Warburg
(founded in 1946) would be different. An obsessive
perfectionist with an aversion to excessive risk, Warburg
came to embody the ideals of the haute banquet-high finance-
always eschewing the fast buck in favor of gilt-edged
advice. He was not only the master of the modern merger and
founder of the eurobond; he was also a key behind-the-scenes
adviser to governments in London, Tokyo, and Jerusalem-to
his critics, a "financial Rasputin." Like a character from a
Thomas Mann novel, Warburg was a complex and ambivalent man,
as much a psychologist, politician, and actor-manager as he
was a banker. In High Financier Niall Ferguson shares the
first book-length examination of a man whose life and work
suggest an alternative to the troubled business principles
that helped shape our current financial landscape.
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