"This book deserves a place on every serious investor’sshelf." –FINANCIAL TIMES "A must-read for all disciples of value investing. In 1934,Graham and Dodd created fundamental security analysis. Greenwaldreinforces the worth of this approach, incorporates new advances,and takes their work into the twenty-first century." –Mario J. Gabelli, Chairman, Gabelli Asset Management, Inc. "The new title most deserving of your time is Value Investing . .. . Its authors aim to place their work next to Benjamin Graham’s1950 classic, The Intelligent Investor. My 1986 edition came withWarren Buffett’s endorsement–‘by far the best book on investingever written.’ Value Investing is better." –Robert Barker, BusinessWeek "Greenwald is an economist (PhD from MIT) who caught the valuebug. He has updated and expanded Graham’s ideas, and his summerseminars ($2,900 for two days) have become popular with everyonefrom well-known money managers to Columbia MBAs who couldn’
Over the past quarter century, Understanding Wall Street has helped everyone from rookie investors to Wall Street veterans understand exactly how the market works and how to determine which stocks to buy ... and which to avoid. The fourth edition of this top-selling guide--still as easy-to-read, practical, and comprehensive as the first three--has been completely updated to help investors prosper in today's new, no-limits marketplace.
The Warren Buffett Way provided the first look into thestrategies that the master uses to pick stocks. A New York Timesbestseller, it is a valuable and practical primer on the principlesbehind the remarkable investment run of the famed oracle of Omaha.In this much-awaited companion to that book, author Robert Hagstromtakes the next logical step, revealing how to profitably managestocks once you select them. THE WARREN BUFFETT PORTFOLIO will helpyou through the process of building a superior portfolio andmanaging the stocks going forward. Building a concentratedportfolio is critical for investment success. THE WARREN BUFFETTPORTFOLIO introduces the next wave of investment strategy, calledfocus investing. A comprehensive investment strategy used withspectacular results by Buffett, focus investing directs investorsto select a concentrated group of businesses by examining theirmanagement and financial positions as compared to their stockprices. A strategy that has historically outperformed the market,focus
Written by Wall Street’s top commodity research firm, The CPM Gold Yearbook 2008 provides in-depth statistics, analysis, and forecasts for gold. The supply and demand fundamentals of this commodity are displayed in detailed charts and graphs, providing you with the information needed to make fully informed investment decisions. Filled with invaluable reference data, The CPM Gold Yearbook 2008 is a focused guide that will help you succeed in this dynamic market.
Like the sayings of the ancient Chinese philosopher Lao-tzu inthe Tao Te Ching, Warren Buffett's worldly wisdom is deceptivelysimple and enormously powerful in application. In The Tao of WarrenBuffett, Mary Buffett joins noted Buffetologist and internationallecturer David Clark to bring you Warren Buffett's smartest,funniest and most memorable sayings, with an eye towards revealingthe life philosophies and the investment strategies that have madehim the world's most successful investor -- and the world's richestman. From serious investors to chronic over-spenders, this book canteach everyone some secrets of success.
Use a master’s lost secret to pick growth companies bound forsuccess In 1948, legendary Columbia University professor BenjaminGraham bought a major stake in the Government Employees InsuranceCorporation. In a time when no one trusted the stock market, hechampioned value investing and helped introduce the world tointrinsic value. He had a powerful valuation formula. Now, in thisgroundbreaking book, long-term investing expert Fred Martin showsyou how to use value-investing principles to analyze and pickwinning growth-stock companies—just like Graham did when heacquired GEICO. Benjamin Graham and the Power of Growth Stocks isan advanced, hands-on guide for investors and executives who wantto find the best growth stocks, develop a solid portfolio strategy,and execute trades for maximum profitability and limited risk.Through conversational explanations, real-world case studies, andpragmatic formulas, it shows you step-by-step how this enlightenedtrading philosophy is successful. The secret lies in Graham’sv
Are You Prepared for Another Lost Decade? "[Pring] seesanother 'lost decade,' but also ways to make it a winner". ("TheNew York Times"). Don't let the secular bear eat you. Prepare toearn steady profits in another decade of volatile and disappointingmarket returns. For more than four decades, Martin Pring has been aleading innovator and practitioner of financial and business cycleanalysis. In "Investing in the Second Lost Decade", Pring - alongwith seasoned portfolio managers Joe Turner and Tom Kopas - offersconclusive proof that we're only near the midway point of acontinued secular cycle of flat returns and deeply cyclicaleconomic conditions. To guide you through these uncertain times,Pring, Turner, and Kopas deliver a proven action plan for masteringthe realities facing today's investors. Using proprietary analysis,the authors explore the characteristics of long-term bear marketsalong with the looming dual threats of inflation and risinginterest rates - and outline positive steps you can take to cre
Regarded as one of the pioneers of modern investment theory, Philip A. Fisher's investment principles are studied and used by contemporary finance professionals including Warren Buffett. Fisher was the first to consider a stock's worth in terms of potential growth instead of just price trends and absolute value. His principles espouse identifying long-term growth stocks and their emerging value as opposed to choosing short-term trades for initial profit. First published in 1958, this investment classic is considered a must-read as the foundation for many of today's popular investment beliefs.
Investing is governed by unofficial rules, passed to investors through brokers, the financial press, and even fellow investors. For more than a decade, in two previous editions, Stock Market Rules has helped investors separate the most valuable of these maxims from the meaningless and even potentially harmful. But with recent market turbulence and scandals blindsiding millions of investors, the time has come for a new, updated edition.
Book De*ion Widely respected and admired, Philip Fisher is among the mostinfluential investors of all time. His investment philosophies,introduced almost forty years ago, are not only studied and appliedby today's financiers and investors, but are also regarded by manyas gospel. This book is invaluable reading and has been since itwas first published in 1958. The updated paperback retains theinvestment wisdom of the original edition and includes theperspectives of the author's son Ken Fisher, an investment guru inhis own right in an expanded preface and introduction
In this title, two entrepreneurial Icons share experiences andinsights into creating and building successful businesses. Whatmakes some business owners wildly successful? What separates theentrepreneurs who build businesses from ones who just seem tocreate more work for themselves? How, exactly do the world's mostprominent business builders seem to hit home run after home run?The answer: They have the Midas Touch. Donald Trump and RobertKiyosaki believe the world needs more entrepreneurs. For the firsttime, two of the world's most successful and influentialentrepreneurs will share their own Midas Touch secrets. Secretsthat will both inspire you to find and fulfill your passion as wellas provide you with the hands-on guidance you need to besuccessful. Through their real life stories of success, failure,perseverance and purpose, you'll discover how they do it andwhether or not you have what it takes to drive your ownentrepreneurial success.
China is positioned to rule the economic world in the coming decades.Western producers find it impossible to compete with China's 60-cents-per-hour average labor costs,and its manufacturing sectors continue to grow exponentially.Export markets are flooded with high-quality,brand-name consumer goods produced in China.In addition to fueling China's dynamic growth curve,this exploding industrial sector has created a new class of worker with unprecedented disposable income and the desire to spend it on,of course,Chinese-produced goods. It's an investment opportunity that,on this immense scale,you most likely won't see again in your lifetime.But how can you cut across cultural,language,and geographical barriers to put your investment dollars to work in China,today? From Wall Street to the Great Wall shows you how to identify opportunities and invest safely and profitably in the expanding Chinese economy.Researched and written by executives with Mergent,Inc.—the most authoritative global resource for Chines
In The Little Book That Still Beats the Market, JoelGreenblatt expands the successful strategy from the originalbestseller to show investors how to profit in any market. Throughentertaining anecdotes and practical pearls of wisdom, the bookexplores the basic principles of successful stock market investingand then reveals a magic formula that makes buying good companiesat bargain prices automatic. It also ties into Greenblatt's latesteffort that allows investors to either manage their own accounts orhave their accounts professionally managed by someone onGreenblatt's team. Either way, the magic formula still holds: thenew web site just makes it that much easier. For example, if aninvestor chooses to manage his or her own account, a list of magicformula stocks is provided from which to pick with a click of abutton, and alerts are sent automatically when it is time toconsider selling a security. The formula has been tested over hundreds of different periodsand thousads of stock picks and has been pr
Marquee private equity firms such as Blackstone Group, CarlyleGroup, and Kohlberg Kravis Roberts have grown bigger and morepowerful than ever. They have also become the nation's largestemployers through the businesses they own. Journalist Josh Kosmanexplores private equity's explosive growth and shows how its baronswring profits at the expense of the long-term health of theircompanies. He argues that excessive debt and mismanagement willlikely trigger another economic meltdown within the next fiveyears, wiping out up to two million jobs. He also explores the links between the private equity elite andWashington power players, who have helped them escape governmentscrutiny. The result is a timely book with an important warning forus all.
Graham and Dodd's Security Analysis is hands-down the most influential investment book in history. The classic 1951 edition is the first edition of the bestselling investment bible that was written during a time of economic stability and prosperity. It provides investors with techniques and strategies for profitable investing in an economic environment that most resembles today. Security Analysis: The Classic 1951 Edition features a far more contemporary focus on the wisdom and legitimacy of common stocks for individual investors. This essential addition to any investment library features: Graham and Dodd's original words and insights, unvarnished and still compelling Timeless methods for measuring asset values and cash flows, still a centerpiece of value investing worldwide Income statements and balance sheets moved to the front of the book for ease of use
Janet Tavakoli takes you into the world of Warren Buffett by way of the recent mortgage meltdown. In correspondence and discussion with him over 2 years, they both saw the writing on the wall, made clear by the implosion of Bear Stearns. Tavakoli, in clear and engaging prose, explains how the credit mess happened beginning with the mortgage lending Ponzi schemes funded by investment banks, the Fed bailout and its impact on the dollar. Through her narrative, we hear from Warren Buffett and learn how his enduring principles caused him to see the mess that was coming well in advance and kept him and his investors well out of the way.
The greatest investment advisor of the twentieth century, Benjamin Graham taught and inspired people worldwide. Graham's philosophy of "value investing"-which shields investors from substantial error and teaches them to develop long-term strategies-has made The Intelligent Investor the stock market bible ever since its original publication in 1949. Over the years, market developments have proven the wisdom of Graham's strategies. While preserving the integrity of Graham's original text, this revised edition includes updated commentary by noted financial journalist Jason Zweig, whose perspective incorporates the realities of today's market, draws parallels between Graham's examples and today's financial headlines, and gives readers a more thorough understanding of how to apply Graham's principles. Vital and indispensable, this Collins Business Essentials edition of The Intelligent Investor is the most important book you will ever read on how to reach your financial goals.
The classic guide to constructing a solid portfolio— with out afinancial advisor! “With relatively little effort, you can design and assemble aninvestment portfolio that, because of its wide diversification andminimal expenses, will prove superior to the most professionallymanaged accounts. Great intelligence and good luck are notrequired.” William Bernstein’s commonsense approach toportfolio construction has served investors well during the pastturbulent decade—and it’s what made The Four Pillars of Investingan instant classic when it was first published nearly a decadeago. This down-to-earth book lays out ineasy-to-understand prose the four essential topics that everyinvestor must master: the relationship of risk and reward, thehistory of the market, the psychology of the investor and themarket, and the folly of taking financial advice from investmentsalespeople. Bernstein pulls back the curtain to reveal whatreally goes on in today’s financial industry as he outlines asimple prog
FIASCO is the shocking story of one man's education in thejungles of Wall Street. As a young derivatives salesman at MorganStanley, Frank Partnoy learned to buy and sell billions of dollarsworth of securities that were so complex many traders themselvesdidn't understand them. In his behind-the-scenes look at thetrading floor and the offices of one of the world's top investmentfirms, Partnoy recounts the macho attitudes and fiercelycompetitive ploys of his office mates. And he takes us to theannual drunken skeet-shooting competition, FIASCO, where he and hiscolleagues sharpen the killer instincts they are encouraged to useagainst their competitiors, their clients, and each other. FIASCO is the first book to take on the derivatves tradingindustry--the most highly charged and risky sector of the stockmarket. More importantly, it is a blistering indictment of thelargely unregulated market in derivatives and serves as a warningto unwary investors about real fiascos, which have cost billions ofdollars.