Buffett has generously endowed us all with a sensible and intelligent roadmap for investing. Warren Buffett - The Oracle of Everything. He has been right about the stock market, rotten accounting, CEO greed, and corporate governance. The rest of us are just catching on. Warren Buffett has turned value investing into an art form, piling up the world's second largest individual fortune and persuading millions to mimic the low-tech, buy-and-hold style of stock picking he practices at Berkshire Hathaway. Buffett and Munger are, without doubt, two of the greatest investors and capital allocators of all time, so investors would be well served to study their thinking carefully. Warren Buffett-Ace stockpicker, and now, an empire-builder. Warren Buffett has made a name for himself as the most succssful investuor of the twentieth century.

In light of recent developments in global legislation, the role of analysts has become more complex and challenging. Many analysts seek to understand the underlying principles behind current laws and regulations around the world that have been prompted by Sarbanes-Oxley. Writing Securities Research: A Best Practice Guide helps analysts to understand the regulatory and best practice issues that they constantly face. However, the advice contained is not just intended to help analysts stay out of jail and avoid penalties, it also suggests ways to write better research reports and be competitive. This practical guide examines the issues that regulators and the press find important, including the definition and supervision of research, sourcing of information, insider trading, front-running and selective distribution, libel, copyright and plagiarism, conflicts of interest, and use of e-mail. These are explained through the use of actual case studies taken from around the world. The book also shows how

Investments is a mainstream, mid-level text for the first undergraduate course. Reilly and Norton cover the major topics logically and concisely, providing a strong base for those who want to do advanced work in investment analysis and valuation. Consistently using real-world examples, the authors convey the importance of theory and its application to real world investing. 作者简介：Professor Frank K. Reilly received his BBA (Cum Laude) at the University of Notre Dame; MBA at Northwestern University; and Ph.D. at the University of Chicago, and is a Chartered Financial Analyst (CFA). Dr. Reilly is the Bernard J. Hank Professor of Finance, Mendoza College of Business, University of Notre Dame, and from 1981-1987, he was Dean of that College. Prior to 1981, Professor Reilly was a professor at the University of Illinois at Urbana-Champaign, the University of Wyoming, and the University of Kansas. He was included in the list of Outstanding Educators in America, received the Alumni Excellence in Graduat

In recent times, venture capital and private equity funds have become household names, but so far little has been written for the investors in such funds, the so-called limited partners. There is far more to the management of a portfolio of venture capital and private equity funds than usually perceived. Beyond the J Curve describes an innovative toolset for such limited partners to design and manage portfolios tailored to the dynamics of this market place, going far beyond the typical and often-simplistic recipe to ‘go for top quartile funds’. Beyond the J Curve provides the answers to key questions, including: Why ‘top-quartile’ promises should be taken with a huge pinch of salt and what it takes to select superior fund managers? What do limited partners need to consider when designing and managing portfolios? How one can determine the funds’ economic value to help addressing the questions of ‘fair value’ under IAS 39 and ‘risk’ under Basel II or Solvency II? Why is

With this seminal book, Wallace Wattles popularized the Law ofAttraction, the powerful concept that inspired The Secret. TheScience of Getting Rich explains how to attract wealth, overcomeemotional barriers, and apply foolproof methods to bring financialsuccess into your life. This special 100-year edition contains the complete, originaltext, along with never-before published biographical information onWattles, and a foreword by Catherine Ponder, the doyenne of modernprosperity writers. It also features an introduction from personaldevelopment authority Tom Butler-Bowdon, plus another Wattlesclassic, The Science of Being Great.

Financial Modeling of the Equity Market is the most comprehensive, up-to-date guide to modeling equity portfolios. The book is intended for a wide range of quantitative analysts, practitioners, and students of finance. Without sacrificing mathematical rigor, it presents arguments in a concise and clear style with a wealth of real-world examples and practical simulations. This book presents all the major approaches to single-period return analysis, including modeling, estimation, and optimization issues. It covers both static and dynamic factor analysis, regime shifts, long-run modeling, and cointegration. Estimation issues, including dimensionality reduction, Bayesian estimates, the Black-Litterman model, and random coefficient models, are also covered in depth. Important advances in transaction cost measurement and modeling, robust optimization, and recent developments in optimization with higher moments are also discussed. Sergio M. Focardi (Paris, France) is a founding partner of the Paris-based consu

A global leader and preeminent expert in asset allocation, David Darst delivers his masterwork on the topic. In a fully updated and expanded second edition of The Art of Asset Allocation, Morgan Stanley's Chief Investment Strategist covers the historic market events, instruments, asset classes, and economic forces that investors need to be aware of as they create asset-building portfolios. He then explains how to use modern asset allocation concepts and tools to augment returns and control risks in a wide range of financial market environments. This completely revised edition shows how to achieve asset balance with the author's proven methods, decades of expertise, relevant charts, practical tools, and astute analyses. Known as the king of asset allocation, Darst brings his expertise to bear to provide complete asset class de*ions, identifying historical risk, return, and correlation characteristics for all major asset classes. Using actual data, he explains the differences between tactical and strategic

Understanding the past and being aware of the present are essential to successfully navigating the commodities markets。 To make the most of your time in these markets——whether you’re trading or hedging——you need the invaluable insights that can only be found in the Commodity Trader’s Almanac。 Organized in an easy-to-access calendar format based on the bestselling Stock Trader’s Almanac，the Commodity Trader’s Almanac 2008: Highlights important market-based data and informs you of different market tendencies。 Features monthly almanac pages based around three major groupingsmetals，petroleum，and agriculture。 Alerts you to both seasonal opportunities and dangers。 Provides monthly and daily reminders。 Furnishes a historical viewpoint by providing pertinent statistics on past market performance as well as the supply/demand trends that create them。 Filled with a wealth of information regarding futures and commodities——from crude

In this book, Pascal Costantini gives a lively and wonderfully readable account of ten years of efforts by a small group of investment analysts to find a reliable, practical and implementable method for valuing and selecting shares. The result of their effort is an original investment methodology called CROCI (Cash Return on Capital Invested), best described as a variation of the economic profit model. For over a decade now, Costantinis group at Deutsche Bank has been using this valuation tool every time it has had to take a view on the pricing of an equity asset, be it a market, a sector or an individual sharein other words, every single working day, since it is this groups job to advise institutional investors on equity valuation. Costantini describes in detail, accompanied by concrete examples in the form of charts and graphs, the precise investment results of the actual implementation of the CROCI approach in the global equity markets since 1996. Readers will enjoy taking this journey with Costantini to s

Over the past decade, credit derivatives have emerged as the key financial innovation in global capital markets. At end 2004, the market size hit $6.4 billion (in notional amounts) from virtually nothing in 1995. This rise has been spurred by the imperative for banks to better manage their risks, not least credit risks, and the appetite shown by institutional investors and hedge funds for innovative, high yielding structured investment products. As a result, growth in collateralized debt obligations and other second–generation products, such as credit indices, is currently phenomenal. It is enabled by the standardization and increased liquidity in credit default swaps – the building block of the credit derivatives market. Written by market practitioners and specialists, this book covers the fundamentals of the credit derivatives and structured credit market, including in–depth product de*ions, analysis of real transactions, market overview, pricing models, banks business models. It is recommended r

One of the most successful investing books ever published, Super Stocks showed investors how to use innovative techniques and fundamental analysis for valuing stocks and predicting future profit margins. You'll gain valuable insight into Fisher's original thinkin for valuing stocks and predicting future profit margins. A pioneer in the use of the Price Sales Ratio-a powerful analytical tool-Fisher regales readers with instructive tales of the businesses he invested in and profited from. Super Stocks gives a historical perspective on how Fisher successfully researched companies and stocks—who he saw and what he asked—to get a better read on profitable returns.

Today's market participants have a myriad of tools at their disposal. Yet the success rate is that of old - 80% to 90% of traders fail to achieve their financial goals. This book shows traders how to get their investment act together. It covers in detail the three requirements needed for success: Winning psychology, effective money management and a written trading plan with an edge. The Nature of Trends also provides unique tools (for example the MIDAS tool) that provide low risk trade entry by telling the trader the level at which an entry may be safely effected Finally, the book provides the "Rule of 3" to manage a trade. These rules allow the trader to take profits and hold on for long-term profits without increasing risk

“The Stock Trader’s Almanac”is a practical investment tool that has helped traders and investors forecast market trends with accuracy and confidence for over 40 years。 Organized in an easy-to-access calendar format，the 2008 Edition contains historical price information on the stock market，provides monthly and daily reminders，and alerts users to seasonal opportunities and dangers。 For its wealth of information and authority of its sources，the “Stock Trader’s Almanac”stands alone as the guide to intelligent investing。Jeff Hirsch is following in the great tradition of his father，Yale Hirsch，with this nonpareil almanac of Wall Street data。 It’s a treasure for investors who want to remember the past as they plan for the future’ - Louis Rukeyser，late founding host，“Wall $treet Week”。Information is key to successful investing and investors will find the Almanac a chock-a-block source of need-to-know stuff’ - Steve Forbes，President，CEO，and Editor in Chief,“Forbe

A visionary social thinker reveals how the addition of onehundred million Americans by midcentury will transform the way welive, work, and prosper. In stark contrast to the rest of the world's advanced nations,the United States is growing at a record rate, and, according tocensus projections, will be home to four hundred million Americansby 2050. Drawing on prodigious research, firsthand reportage, andhistorical analysis, acclaimed forecaster Joel Kotkin reveals howthis unprecedented growth will take shape-and why it is thegreatest indicator of the nation's long-term economic strength. Ata time of great pessimism about America's future, The Next HundredMillion shows why the United States will emerge a stronger

Retire Young Retire Rich is about how we started with nothingand retired financially free in less than ten years. Find out how you can do the same. If you do not plan on working hard all your life, this book isfor you. Why not Retire Young and Retire Rich?

This statutory supplement contains all necessary statutes, rules, and forms to complement the authors' popular SECURITIES REGULATION casebook. Students and professors will appreciate that SECURITIES REGULATION: Selected Statutes, Rules, and Forms, designed specifically for the Securities Regulation course, is remarkably concise and uncluttered-a highly effective teaching tool.

Markets are abuzz over the rebirth of the day trader. Rather than manaically trading volatile stocks multiple times in a single day, active traders are now holding onto investments longer, relying more on planning and patience rather than fast reflexes. The New Day Trader Advantage features surefire techniques for profiting from this more measured, cunning method of active trading-techniques that will help busy professionals and individuals achieve their investing goals with minimum stress and maximum gain. Written by veteran investment advisor and MSN Money columnist Jon Markman, The New Day Trader Advantage offers successful strategies for discovering, tracking, buying and selling the strongest companies in the best sectors of any economy. This hands-on guide introduces each trading method with compelling, real-life examples that show how the techniques work-then dives into the details of the actual trade from start to finish. You'll learn how to: Profit on the popularity of a stock's sector, whic

If you read the original Buffettology, you know exactly half of what you need to know to effectively apply Warren Buffett's investment strategies. Published in 1997, the bestselling Buffettology was written specifically for investors in the midst of a long bull market. Since then we've seen the internet bubble burst, the collapse of Enron, and investors scrambling to move their assets -- what remains of them -- back to the safety of traditional blue chip companies. As price peaks turned into troughs, worried investors wondered if there was any constant in today's volatile market. The answer is yes: Warren Buffett's value investing strategies make money. T he New Buffettology is the first guide to Warren Buffett's selective contrarian investment strategy for exploiting down stocks -- a strategy that has made him the nation's second-richest person. Designed to teach investors how to decipher and use financial information the way Buffett himself does, this book guides investors through opportunity-rich bea

An exciting follow-up to the bestselling Forbes Greatest Business Stories of All Time In the tradition of the bestselling Forbes（r）Greatest Business Stories of All Time，Forbes（r） Greatest Investing Stories focuses on profiles of fascinating people who have achieved success in a range of investing arenas. This volume chronicles old-time innovators like Benjamin Graham，the father of value investing；Hetty Green，the Street's first female stock picker；T. Rowe Price，founder of one of the largest mutual fund families；and Georges F. Doriot，the driving force behind the first publicly owned venture firm in the United States. Others featured include such modern-day legends as Tom Bailey，founder of Janus Funds；Marty Whitman，value investor supreme and manager of the Third Avenue Value Fund；and Muriel F. Siebert，the first woman admitted to the New York Stock Exchange. Packed with investing lessons，wisdom and even the story of the swindle of the century，Forbes（r）Greatest Inves

An in-depth examination of money management methods for consistent trading success In Better Stock Trading, Daryl Guppy shows readers how to improve returns by using good money management technique not by increasing risk in trying to win more trades. Readers will learn how to level the market playing field by using the best money management strategies for their particular account size. From the straightforward two percent rule, to pyramiding methods, and overall portfolio management, Guppy presents a selection of strategies, which will allow any independent trader to capitalize on a rising market and protect funds when the bear takes over. He also shows readers how to study their own trading history and use this information to improve their trading future. Trading skill counts, but money management gives independent traders the edge. Daryl Guppy (Australia) is an experienced and highly successful private trader. A member of IFTA and the Australian Technical Analyst's Association, he is a popular

Making sound investments is tough enough without having toworry about unscrupulous financial advisers and outright frauds.But recently strengthened laws aren't enough to stop the"professionals" intent on profiting from - or just plain stealing -your money. As an Enforcement Branch Chief at the Securities andExchange Commission, Pat Huddleston witnessed countless people losetheir life savings to reckless stockbrokers and fraudulent schemes.Now an SEC-recommended Receiver and CEO of a securities andinvestment fraud investigation agency, Huddleston has intimateknowledge of how scam artists and bad brokers operate. In TheVigilant Investor, he explains WHY we fall for investment scams,HOW con artists play on our emotions, and WHAT we can do to protectourselves from predators. With its unique look into the science offinancial decision making, the book blows up the popular myths andsimplistic "do's and don'ts" of investing while sharing techniquesanyone can use to perform due diligence even better than the"experts.

Despite financial turmoil, Goldman Sachs remain the leading investment bank in their field. They are notorious for their unique management culture, unorthodox recruiting techniques - and for their secrecy. In "The Partnership" Charles Ellis reveals their story. With unparalleled access to the leadership of this famously close-knit firm, Ellis investigates the brilliant individuals who turned a marginal family business into a global powerhouse, weathering recession, scandal and disaster on the way. Among them are high school dropout and financial genius Sidney Weinberg, maverick reinventor John Whitehead, former US treasury secretary Hank Paulson and working-class New Yorker turned current CEO, Lloyd Blankfein. "The Partnership" reveals the shared values of intensive recruitment, discipline and talent that have tied Goldman Sachs' people together - and made it a survivor.

How do savvy Wall Street investors achieve high returns evenin the worst financial times? It’s one of the industry’s best-keptsecrets—and now it’s yours for the taking. Gary Kaminsky, cohost of CNBC’s "The Strategy Session"—and one ofthe best money managers in Wall Street’s recent history—is ready toshare the secrets that have made his colleagues millions, evenbillions, of dollars. These simple but powerful techniques are notexclusive to Wall Street’s high rollers. With Kaminsky’s system,you will make money even in zero-growth markets. His proven formulashows you how to: Develop the same habits, reflexes, and practices of top marketperformers Create a proactive buy-and-sell strategy Beat the roller-coaster market trends—and focus on long-termreturns Make smarter, more informed decisions—and more money! Kaminsky brings more than two decades of experience to hislow-risk, high-return system, demystifying Wall Street for noviceand seasoned investo

China's economy keeps on revving at record-breaking speed—turning its factories and 1.3 billion people into bottomless pits of consumption. For investors, this is nothing short of the opportunity of a lifetime. Those who are first to recognize the prime movers and building blocks of this enormous growth will surely take the lion's share of the profits. That's exactly why Investment U has created this special, time-sensitive report. Investment U's Profit from China will show you precisely how and where to take advantage of the raging Chinese economy. It includes four investment recommendations so closely tied to this record growth that you'll want to add them to your portfolio immediately. But Investment U's Profit from China doesn't stop there: it will also introduce you to an exclusive "can't-miss" strategy for making sure that you get out of these investments with profits intact. Investors may never again have a chance at a windfall like the one offered by the booming Chinese economy. But,