From the legendary vice-chairman of Berkshire Hathaway, lessons in investment strategy, philanthropy, and living a rational and ethical life. A timeless classic that will change how you approach life. There is a billion-dollar education inside this book. Shane Parrish, founder of Syrus Partners and Farnam Street Spend each day trying to be a little wiser than you were when you woke up, Charles T. Munger advises in Poor Charlie s Almanack. Originally published in 2005, this compendium of eleven talks delivered by the legendary Berkshire Hathaway vice-chairman between 1986 and 2007 has become a touchstone for a generation of investors and entrepreneurs seeking to absorb the enduring wit and wisdom of one of the great minds of the 20th and 21st centuries. Edited by Peter D. Kaufman, chairman and CEO of Glenair and longtime friend of Charlie Munger whom he calls this generation s answer to Benjamin Franklin this abridged Stripe Press edition of Poor Charlie s Almanack features a brand-new foreword by
For decades, thousands of people have gathered in Omaha, Nebraska for the Berkshire Hathaway AGM, and quizzed Warren Buffett and Charlie Munger on everything from the psychology of successful investors to the future of Coca-Cola and Apple. But unless you attended, for many years you only had access to what people could remember and report back from the meetings. In 2018, Berkshire released the archives of the annual meetings going back to 1994. Alex Morris―an equities analyst and financial writer―watched hundreds of hours of video from these annual meetings (as well as the six AGMs held since 2018), covering more than 1,700 questions asked by Berkshire Hathaway shareholders over the past 31 years. He then gathered, organized and edited the most interesting material into a comprehensive and accessible form. Buffett and Munger Unscripted is the result. From the art of intelligent capital allocation to the best ways to judge and compensate management, from understanding the nature of markets to embracing
A penny saved may be a penny earned, but a penny invested canbe even more. In this financial crisis, old advice about equities, mutualfunds, commodities, and real estate may no longer hold. Here is afresh look at all aspects of investing to help readers protect andgrow their wealth. This edition includes the most currentinformation on: corporate fundamentals; the sub-prime crisis andits effects; practical tools for evaluating mutual funds; adviceabout riding the equity market; and the use of Exchange TradedFunds.
Originally published in 1982, Risk Arbitrage has become a classic on arbitrage strategies by the "dean of the arbitrage community." It provides an overview of risk arbitrage, how it has been used over the centuries and particularly in modern markets, with a focus on merger arbitrage. From average expected returns to turning a position, cash tender offers, exchange offers, recapitalizations, spinoffs, stub situations, limited risk arbitrage, and corporate freeze-ins, the book provides a step by step walk through of a world of arb strategies illuminated by real world examples and case studies.
Louis Navellier is one of the most well-respected growth investors of our day. He's pulled impressive profits from the stock market for over twenty-seven years, he has also helped investors beat the market by fiearly a 4-to-I margin. Now, with The Little Book That Makes You Rich, he'll show you how to do the same. Growth investing--which aims to produce capital gains rather than income--is one of the best ways to invest for success. Best of all, Navellier has created a proven and easy-to-follow approach to growth investing that offers you a rare opportunity to outperform the market without taking on excessive risk. In The Little Book That Makes You Rich, Navellier explains exactly why this proactive approach works and skillfully shows you how it can be used to find stocks that are poised for rapid price increases--regardless of overall stock market direction. Filled with in-depth insights and practical advice, The Little Book That Makes Fou Rich details a proven formula for finding growth stocks that
Energy & Environmental Hedge Funds The New Investment Paradigm I highly recommend this book for those investors interested in energy and environmental hedge funds. It is a great handbook on these topics. The authors make a difficult subject easy for investors to understand. Energy and environmental hedge funds are both the newest and next area for hedge fund investment and diversification. - Lisa Vioni, President, HedgeConnection.com Peter Fusaro and Gary Vasey have done a great jo9b in compiling all of the background information that a newcomer to energy investing should have. This insightful book helps in determining how best to gain exposure to the rapidly changing energy trading sector. - Raj Mahajan, President & Co-Founder, SunGard Kiodex The entry of opportunistic hedge funds into the energy sector is creating a sea of change for the industry. Fueled by pension funds and institutional investors, hedge funds are attracted to the petroleum industry because the current price volatil
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
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.
A detailed look at the worst M&A deals ever and the lessons learned from them It's common knowledge that about half of all merger and acquisition (M&A) transactions destroy value for the buyer's shareholders, and about three-quarters fall short of the expectations prevailing at the time the deal is announced. In Deals from Hell, Robert Bruner, one of the foremost thinkers and educators in this field, uncovers the real reasons for these mishaps by taking a closer look at twelve specific instances of M&A failure. Through these real-world examples, he shows readers what went wrong and why, and converts these examples into cautionary tales for executives who need to know how they can successfully navigate their own M&A deals. These page-turning business narratives in M&A failure provide much-needed guidance in this area of business. By addressing the key factors to M&A success and failure, this comprehensive guide illustrates the best ways to analyze, design, and implement M&A deals. Filled with in-dept
"Alan Kanuk's compilation of the Capital Markets of India: An Investor's Guide provides a much-needed and timely resource that will facilitate greater investment flows to India: one of the twenty-first century's greatest investment opportunities." "Capital Markets of India is authoritative and readable and, most importantly, it is useful. I would encourage anyone, whether an individual or an institutional investor, who has existing securities investments in India or who is contemplating making such investments, to read Alan Kanuk's book." "Currently one of the world's fastest growing economies and destined to become the most populous country in the world, India warrants investors' attention. Kanuk, drawing upon a rich and lengthy career, shows investors how to navigate the Indian markets. This book is essential reading for those who invest in India." "With the Indian economy continuing on its rapid growth path, the country's capital market is also going through a metamorphosis. The domestic market
The third book in the top-selling Magic Numbers series clarifies the key concepts and formulas of finance. Magic Numbers for Bonds and Derivatives takes difficult financial concepts and breaks them down into easily understandable formulas that can be readily applied by finance professionals and individual investors. It examines key ratios and concepts for assessing bond investments from conventional to index-linked bonds, along with commonly used derivatives including futures, options, warrants, and convertibles. Ratios and concepts are described in detail, with guidelines on where to find the data needed to actually calculate them. The author includes explanations of compounding and discounting, internal rates of return, accrued interest, yield curves and spreads, duration, convexity, default rates, and more.