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
The bestselling author of Investment Biker is back from the ultimate road trip: a three-year drive around the world that would ultimately set the Guinness record for the longest continuous car journey. Behind the wheel of a yellow, custom-built Mercedes, Rogers and his fianc6e, began their“Millennium Adventure”on January 1, 1999, from Iceland. They traveled through 116 countries, including many where most have rarely ventured, such as Saudi Arabia, Myanmar, Angola,Sudan, Congo, Colombia, and East Timor. They drove through war zones, deserts, jungles, epidemics, and blizzards, and had many narrow escapes, but they saw the real world from the ground up-the only vantage point from which it can be truly understood- economically,politically, and socially. 作者简介: Born in 1942,JIM ROGERS had his first iob at age five,picking up bottles at baseball games.Winning a scholarship to Yale,Rogers was coxswain on the crew.Upon graduation,he attended Balliol College at Oxfor
In late January, 2009, Robert Kiyosaki launched CONSPIRACY OF THE RICH - a free online book which was written in serial basis to help people understand how the current recession came about, and what they need to learn on how to survive through the coming rough years. An unprecedented publishing event for Kiyosaki and The Rich Dad Company, CONSPIRACY OF THE RICH is an interactive, "Wiki-style" project in which Kiyosaki has invited feedback, commentary, and questions from readers across the globe. The response so far has been totally fantastic. Millions and millions of readers have flocked to the website (www.conspiracyoftherich.com) to read what Robert has to say about the recession, and the readers have posted thousands of comments. Some of those reader comments will even be included in the final tradepaper version.
Swensen, CIO of Yale University and the author of Pioneering Portfolio Management, reveals why the mutual fund industry as a whole does a disservice to the individual investor. Soft money, 12b-1 fees, overtrading, market timing, and other management practices lower performance and virtually guarantee that most mutual fund returns will fall short of their benchmark, such as the S&P 500. Furthermore, for-profit mutual fund companies have a fiduciary obligation to their stockholders, not to their investors, and this relationship "inevitably resolves in favor of the bottom line." Swensen is also highly critical of the Morningstar rating system, which only causes investors to chase hot performing funds and managers. He advises considering alternatives to the for-profit mutual fund industry, including Exchange Traded Funds and not-for-profit financial institutions such as Vanguard and TIAA-CREF. He highly recommends that as an individual, you should play a more active role in your financial future. This includes pe
From first-time newlyweds to people on their second or thirdmarriage, couples face an overwhelming task when it comes to moneymanagement. Nationally renowned financial advisor and bestsellingauthor David Bach knows that it doesn’t have to be this way. InSmart Couples Finish Rich, he provides couples with easy-to-usetools that cover everything from credit card management, toinvestment advice, to long-term care. You and your partner willlearn how to work together as a team to identify your core valuesand dreams, creating a financial plan that will allow you toachieve security, provide for your family’s future financial needs,and increase your income. Together, you’ll learn why couples thatplan their finances together, stay together!
With up-to-the-minute information . . . And an all-newpreface by the author! Out of the red . . . ? Do this month’s bills pile up before you’ve paid lastmonth’s? ? Do you regularly receive past-due notices? ? Do you get letters threatening legal action if immediate paymentis not made? ? Do the total amounts of your revolving charge accounts keeprising? Into the black . . . Whether you are currently in debt or fear you’re fallinginto debt, you are not alone. Sixty million Americans--from doctorsto secretaries, from executives to the unemployed--face the sameproblem and live under the same daily stress. Based on the proventechniques of the national Debtors Anonymous program, here is thefirst complete, step-by-step guide to getting out of debt once andfor all. You’ll learn: ? How to recognize the warning signs of serious debt ? How to negotiate with angry creditors, collection agencies, andthe IRS ? How to design a realistic and painless pay-back schedule ? How to identify your spending blind
Should you let a Fool tell you where to invest your money? If he's a Motley Fool, the answer is a resounding YES! David and Tom Gardner launched the most successful investment information service ever to grace cyberspace, and now they show you how to beat the market, even if you don't know a dividend from a divining rod. With this guide, you'll find out how the information revolution can put money in your pocket. --This text refers to an out of print or unavailable edition of this title. 作者简介: OAVID GARDNER and TOM GARDNER are cofounders of The Motley Fool, Inc., an Alexandria, Virginia-based multimedia company dedicated to empowering individu-als to take control of their financial destinies. The Mot/ey Fool Investment Guide is the second in the Gardners' trilogy of personal finance and investing books, which includes the bestsellers The Morley Foo/ You Have More Than You Think and The Mot/ey Fool's Ru/e Breakers, Ru/e Makers.
Cash flow is the foundation of every successful business, but investors do not have to start with their own money to build a business. Money can be made by acquiring an asset, turning an idea into a fortune, or building a business, using other peoples moneyOPM. This book will discuss different forms of OPM, how to find OPM, the consequences of using OPM, and the legal aspects and pitfalls of trying to access OPM.
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
Swensen has been the chief investment officer for the past 14 years at Yale University,where he is responsible for managing and investing more than $6 billion of the university's endowment assets and investment funds.Realizing an annual return of more than 16 percent on his investments,Swensen has added more than $2 billion to Yale's coffers,and his consistent track record has attracted the notice of Wall Street portfolio managers.Here Swensen provides a brief history of endowment funds and explains the purpose of endowment accumulation and the goals for institutional portfolios.One of the strategies behind his success has been to diversify asset classes and move beyond a reliance on domestic marketable securities.He distinguishes between traditional and alternative asset classes,looks at performance evaluation issues and tools,and considers the investment decision-making process.Although its audience will be limited,this book is a necessary purchase for libraries with collections that include the topic of in
The strategies and techniques of THE investment legend Warren Buffett Wealth follows the world′s greatest investor fromthe beginning of his career, as he takes a 100–dollar investmentand turns it into one of the most successful multibillion–dollarcompanies in the world. By carefully detailing how Buffett beganhis career and discussing what he learned from Benjamin Graham,this book reveals the true secrets to Buffett′s success. Readerswill see how Buffett reached the pinnacle of his profession byfollowing certain key principles such as investing in old–styletraditional American companies, holding the companies forever, andhiring and keeping the same managers. Robert P. Miles (Tampa, FL) is a writer, speaker, and consultant.He is also the author of The Warren Buffett CEO (0–471–44259–3) and101 Reasons to Own the World′s Greatest Investment: WarrenBuffett′s Berkshire Hathaway (0–471–41123–X).
Popular speaker, multimillionaire, and author of the all-time bestselling real-estate book Nothing Down, Robert G. Allen knows how to bring you financial success. With his seminars sweeping the nation, Allen is at the cutting edge of strategic wealth creation now more than ever. And in this completely revised edition of his classic bestseller Creating Wealth Allen gives you the basic principles that you need to stop thinking poor and start growing rich. Moving beyond just real estate, Allen goes straight to the core of people's inner motivations and beliefs about money to give you all the fundamentals of wealth creation. By developing a wealthy mind-set, anyone can take off into financial self-reliance -- and Allen shows you how. He explains the ways in which most of us have been programmed to think that only saving is good and debt and risk are bad, so that in our efforts to gain security, we cheat ourselves out of getting rich. The key to changing that mind-set is Allen's unique integration of real es
Is your investment in that new Internet stock a sign of stockmarket savvy or an act of peculiarly American speculative folly?How has the psychology of investing changed--and not changed--overthe last five hundred years? Edward Chancellor examines the natureof speculation--from medieval Europe to the Tulip mania of the1630s to today's Internet stock craze. A contributing writer to The Financial Times and The Economist , Chancellorlooks at both the psychological and economic forces that drivepeople to "bet" their money in markets; how markets are made,unmade, and manipulated; and who wins when speculation runsrampant. Drawing colorfully on the words of such speculators as SirIsaac Newton, Daniel Defoe, Ivan Boesky, and Hillary RodhamClinton, Devil Take the Hindmost is part history, partsocial science, and purely illuminating: an erudite and hugelyentertaining book that is more timely today than ever before.
Many investors, including some with substantial portfolios, have only the sketchiest idea of how the stock market works. The reason, say Lynch and Rothchild, is that the basics of investing -- the fundamentals of our economic system and what they have to do with the stock market -- aren't taught in school. At a time when individuals have to make important decisions about saving for college and 401(k) retirement funds, this failure to provide a basic education in investing can have tragic consequences. For those who know what to look for, investment opportunities are everywhere. The average high-school student is familiar with Nike, Reebok, McDonald's, the Gap, and the Body Shop. Nearly every teenager in America drinks Coke or Pepsi, but only a very few own shares in either company or even understand how to buy them. Every student studies American history, but few realize that our country was settled by European colonists financed by public companies in England and Holland -- and the basic principles behi
For anyone interested in the world behind the business-pageheadlines, this is the book to read. --Publishers Weekly With the same breadth of vision and narrative élan he brought tohis monumental biographies of the great financiers, Ron Chernowexamines the forces that made dynasties like the Morgans, theWarburgs, and the Rothschilds the financial arbiters of the earlytwentieth century and then rendered them virtually obsolete by thecentury's end. As he traces the shifting balance of power among investors,borrowers, and bankers, Chernow evokes both the grand theater ofcapital and the personal dramas of its most fascinatingprotagonists. Here is Siegmund Warburg, who dropped a client in theheat of a takeover deal because the man wore monogrammed shirtcuffs, as well as the imperious J. P. Morgan, who, when faced witha federal antitrust suit, admonished Theodore Roosevelt to "sendyour man to my man and they can fix it up." And here are the menwho usurped their power, from the go-getters of the 1
Jesse Livermore was a loner, an individualist-and the most successful stock trader who ever lived. Written shortly before his death in 1940, How to Trade Stocks offered traders their first account of that famously tight-lipped operator's trading system. Written in Livermore's inimitable, no-nonsense style, it interweaves fascinating autobiographical and historical details with step-by-step guidance on: Reading market and stock behaviors;Analyzing leading sectors;Market timing;Money management;Emotional control. In this new edition of that classic, trader and top Livermore expert Richard Smitten sheds new light on Jesse Livermore's philosophy and methods. Drawing on Livermore's private papers and interviews with his family, Smitten provides priceless insights into the Livermore trading formula, along with tips on how to combine it with contemporary charting techniques. Also included is the Livermore Market Key, the first and still one of the most accurate methods of tracking and recording market pa
This title is suitable for women who have a vision for whatthey want in life and are willing to do what it takes to turn thatvision into a reality. Kim Kiyosaki's own unique style has won herfriends and fans the world over. In her new book, she will explainwhat it really takes to go from wherever you are financially todayto where you want to be. It's a book of courage and creativeness,time-tested principles and real-life stories of success, setbacksand comebacks...with a few surprises along the way. Kim will sharecandid stories from women and men who have been through the good,the bad and the ridiculous - and the lessons they learned. Why anew book from Kim in these unsettling economic times? Because it'stime for women's true strength and determination to surface.Because it's time for new answers and new ideas...and because "It'sRising Time!" for women everywhere.
Warren Buffett is arguably the world’s greatest investor. HisBerkshire Hathaway stock, issued at $450 per share, is now tradingat an all time high of $94,000+! Buffett has his own unique investing style: he doesn’t buy whathe doesn’t know, he does not time the market, and he never listensto analysts or looks at stock charts. He does not care if themarket is going up or down. He advises people who can’t stomach acrash not to invest in stocks. His holding period is”forever.” He is, in short, the single best investor for other investors toemulate. And his methods work for both the novice investor as wellas the more seasoned veteran. Here is some of the recommendations in the book: ·Read Benjamin Graham, but never read anything with Greeksymbols ·Don’t listen to analysts ·Be fearful when others are greedy and greedy when others arefearful ·Focus on not losing money rather than making it ·Why predicting market direction is NOT the key to lon
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 ESSENTIAL GALBRAITH includes key selections from the mostimportant works of John Kenneth Galbraith, one of the mostdistinguished writers of our time - from THE AFFLUENT SOCIETY, thegroundbreaking book in which he conined the tern "conventionalwisdom," to THE GREAT CRASH, an unsurpassed account of the eventsthat triggered America's worst economic crisis. Galbraith's newintroductions place the works in their historical moment and makeclear their enduring relevance for the new century. THE ESSENTIALGALBRAITH will delight old admirers and introduce one of our mostbeloved writers to a new generation of readers. It is also anindispensable resource for scholars and students of economics,history, and politics, offering unparalleled access to the seminalwritings of an extraordinary thinker.
This book presents the theory of capital utilization, adiscussion of the econometrics of capital utilization, andeconometric tests of the theory using international data. Capitalutilization, defined as the proportion of time that capital isworking productively, is mainly affected by shift-working. Capitalutilization is an important economic variable that has receivedserious attention from economists only since the mid-1960s In thefirst part, the authors provide a synthesis of current knowledge,combining a consistent statement of existing theory with some majorextensions. In the second part, they turn to the econometrics,first discussing the appropriate methodology and then testing thetheory on data from several countries. This empirical work isconsiderably more sophisticated than previous studies on thistopic. Having established the theory and tested it, they move on toconsider policy, the relationship between capital utilization andeconomic growth, and the place of shift-work in the dualeconomy.
The world is facing many challenges and one of them is financial. The entitlement mentality is epidemic, creating people who expect their countries, employers, or families to take care of them. Donald Trump and Robert Kiyosaki, both successful businessmen, are natural teachers and have joined forces to address these challenges. They believe you cannot solve money problems with money. You can only solve money problems with financial education. Trump and Kiyosaki want to teach you to be rich.
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
It was Wall Street's toughest investment bank, taking risks where others feared to tread, run by testosterone-fuelled gamblers who hung a sign saying 'let's make nothing but money' over the trading floor. Yet in March 2008 the 85-year-old firm Bear Stearns was brought to its knees - and global economic meltdown began. With unprecedented access to the people at the eye of the financial storm, William Cohan tells the outrageous story of how Wall Street's entire house of cards came crashing down. 'Gripping ...high drama ...riveting, edge-of-the-seat reading' - Michio Kakutani, "The New York Times".
"Aswath Damodaran is simply the best valuation teacher around. If you are interested in the theory or practice of valuation, you should have Damodaran on Valuation on your bookshelf. You can bet that I do." -- Michael J. Mauboussin, Chief Investment Strategist, Legg Mason Capital Management and author of More Than You Know: Finding Financial Wisdom in Unconventional Places In order to be a successful CEO, corporate strategist, or analyst, understanding the valuation process is a necessity. The second edition of Damodaran on Valuation stands out as the most reliable book for answering many of today s critical valuation questions. Completely revised and updated, this edition is the ideal book on valuation for CEOs and corporate strategists. You'll gain an understanding of the vitality of today s valuation models and develop the acumen needed for the most complex and subtle valuation scenarios you will face.