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Here-Reminiscences of a Stock Operator
Reminiscences of a Stock Operator (Wiley Investment
Classics)
Review:
Stock investing is a relatively recent phenomenon and the
inventory of true classics is somewhat slim. When asked, people
in the know will always list books by Benjamin Graham, Burton
G. Malkiel's A Random Walk Down Wall Street, and Common Stocks
and Uncommon Profits and Other Writings by Philip A. Fisher.
You'll know you're getting really good advice if they also
mention Reminiscences of a Stock Operator by Edwin Lef�vre.
Reminiscences of a Stock Operator is the thinly disguised
biography of Jesse Livermore, a remarkable character who first
started speculating in New England bucket shops at the turn of
the century. Livermore, who was banned from these shady
operations because of his winning ways, soon moved to Wall
Street where he made and lost his fortune several times over.
What makes this book so valuable are the observations that
Lef�vre records about investing, speculating, and the nature of
the market itself. For example: "It never was my thinking that
made the big money for me. It always was my sitting. Got that?
My sitting tight! It is no trick at all to be right on the
market. You always find lots of early bulls in bull markets and
early bears in bear markets. I've known many men who were right
at exactly the right time, and began buying or selling stocks
when prices were at the very level which should show the
greatest profit. And their experience invariably matched
mine--that is, they made no real money out of it. Men who can
both be right and sit tight are uncommon." If you've ever spent
weekends and nights puzzling over whether to buy, sell, or hold
a position in whatever investment--be it stock, bonds, or pork
bellies, you'll be glad that you read this book. Reminiscences
of a Stock Operator is full of lessons that are as relevant
today as they were in 1923 when the book was first published.
Highly recommended. --Harry C. Edwards --This text refers to an
out of print or unavailable edition of this title. .
About the AuthorEDWIN LEFÈVRE began writing about Wall
Street in 1897. During his career, he wrote eight books, worked
for the New York Sun, served as financial editor of Harper's
Weekly, and wrote for the Saturday Evening Post.
Click Here-The Craft
of Investing
The Craft of Investing: Growth and Value Stocks, Emerging
Markets, Market Timing, Mutual Funds, Alternative
investments
Review:
Train's Money Masters (1980) quickly became a classic among
books on investing. In that book he analyzed and contrasted
successful investors and their theories and suggested which
approaches would be most suited to the nonprofessional or small
investor. Five years ago he updated his insights in The New
Money Masters (1989), and now he sums up his more than 20 years
of investment experience in what is certain to become another
standard. He explains the differences between value and growth
investing and describes the nature or "psychology" of markets.
With an appealing, personal style, Train advises against
various investment alternatives and strategies and suggests
which others should be successful--and at what times. Highly
recommended for all public library collections. David Rouse
--This text refers to an out of print or unavailable edition of
this title.
About the AuthorJohn Train founded Train, Smith
Investment Counsel and is chairman of Montrose Advisors, both
of New York. His bestselling books on investing include The
Craft of Investing, The Money Masters, The New Money Masters,
and The Midas Touch. He has written several hundred columns for
The Wall Street Journal, Forbes, The New York Times, Harvard
Magazine, The Financial Times, and other publications. He is a
part-time director of two independent government agencies
reporting directly to Congress and of several emerging market
mutual funds. He lives in New York, spends summers in Maine,
and travels frequently to Europe, Asia, and South America.
Click Here-Damn Right:
Behind the Scenes with Berkshire Hathaway Billionaire
Charlie Munger
Damn Right: Behind the Scenes with Berkshire Hathaway
Billionaire Charlie Munger
Review:
When Warren Buffett's partner, fellow Nebraskan and Berkshire
Hathaway vice-chairman Charles T. Munger (now 76 years old) was
a young boy, his hero was the independent Robinson Crusoe. As
he grew older, he strove (and still strives) to emulate the
creative thinker Benjamin Franklin, whom Munger admires most
for his commitment to social causes and philanthropy. (Munger
is one of the pioneering supporters of Planned Parenthood.)
Lowe, who spent three intensive years learning about Munger's
life and work, had the full cooperation of his subject for this
biography and access to his vast network of admiring and
devoted business associates, his family and his lifelong
friends. She does a superb job of re-creating Munger's
development from a respectable lawyer to a savvy investor,
providing intricate details about the incisive thinking behind
his business deals, which she weaves into a captivating
narrative. The droll, brilliant, focused and intensely private
Munger conducts his business the way he lives his life: he
invests his time and his money in people of strong moral
character and businesses that are intrinsically sound. He is
not averse to risk, because he calculates it carefully, and,
most crucially, when he makes a commitment, he does so for the
long term. Agent, Alice Fried Martell. Copyright 2000 Reed
Business Information, Inc. --This text refers to the Hardcover
edition.
About the AuthorJANET LOWE is an investment writer and
author who has written several business and biographical works,
including the bestseller Warren Buffett Speaks as well as
Welch: An American Icon and The Man Who Beats the S&P:
Investing with Bill Miller (all published by Wiley). Ms. Lowe
is a past editor of the San Diego Daily Transcript and
financial editor of the San Diego Tribune. More than 200 of her
business articles have appeared in such publications as
Newsweek, the Christian Science Monitor, the Los Angeles Times,
and the San Francisco Chronicle.
Click Here-You Can Be
a Stock Market Genius:
You Can Be a Stock Market Genius: Uncover the Secret Hiding
Places of Stock Market Profits
Review:
The stock-market profits that investment pro Greenblatt is
chasing are found in some areas not usually considered by the
average investor: spin-offs, mergers, risk arbitrage,
restructurings, rights offerings, bankruptcies, liquidations,
and asset sales. Greenblatt acknowledges that pursuing them
will require some time, effort, patience, and experience. But
he argues that because these areas are not overstudied by the
analysts, possible market inefficiencies can be exploited. He
explains each area with case studies from his own experience.
Librarians will love his answer to the question, "Where can you
find these special investment opportunities?"?read, read,
read?and he gives the best places to look, emphasizing that you
can pirate good ideas but you still need to do your own
homework. None of this should be beyond the experienced
investor (Greenblatt himself says he doesn't "like to work too
hard to understand an investment"), but it is probably beyond
the neophyte.?Alexander Wenner, Indiana Univ. Lib., Bloomington
Copyright 1997 Reed Business Information, Inc. --This text
refers to an out of print or unavailable edition of this
title.
About the Author Joel Greenblatt is the founder of
Gotham Capital, a private investment partnership. In 1994, he
became chairman of the board of a Fortune 500 company with over
$1 billion in annual sales. Greenblatt holds a B.S. and an
M.B.A. from the Wharton School. He lives on Long Island and
works in Manhattan.
Click Here-The New
Paradigm for Financial Markets
The New Paradigm for Financial Markets: The Credit Crash of
2008 and What It Means
Review:
In the midst of the most serious financial upheaval since the
Great Depression, legendary financier George Soros explores the
origins of the crisis and its implications for the future.
Soros, whose breadth of experience in financial markets is
unrivaled, places the current crisis in the context of decades
of study of how individuals and institutions handle the boom
and bust cycles that now dominate global economic activity.
�This is the worst financial crisis since the 1930s,� writes
Soros in characterizing the scale of financial distress
spreading across Wall Street and other financial centers around
the world. In a concise essay that combines practical insight
with philosophical depth, Soros makes an invaluable
contribution to our understanding of the great credit crisis
and its implications for our nation and the world.ok.
About the Author George Soros is chairman of Soros Fund
Management and is the founder of a global network of
foundations dedicated to supporting open societies. He is the
author of several best-selling books including The Bubble of
American Supremacy, Underwriting Democracy, and The Age of
Fallibility. He was born in Budapest and lives in New York
City.
Click Here-Financial
Shenanigans
How to Detect Accounting Gimmicks & Fraud in
Financial Reports, Second Edition.
Review: "Regulators, outside auditors and investors
should all keep a copy handy."
The second edition of Howard Schilit's book teaches investors
to detect financial fraud and aggressive accounting in annual
reports, financial statements, and SEC filings. There are
dozens of real-life examples ranging from film to tech
companies. If you take more than a casual interest in your
investments, you should consider owning this book.
Synopsis: Written by the man Wall Street Week's Louis
Rukeyser calls "an expert on corporate financial games," this
no-nonsense guide draws on eye-opening case histories of major
companies whose recent accounting "shenanigans" brought in
millions of investment dollars before they were exposed.
Click Here-Financial
Shenanigans
Click Here-Security
Analysis
Synopsis: This classic book secured Benjamin
Graham's status as a Wall street immortal. the carefully
honed methods for finding undervalued stocks and bonds he
described here have never been equaled, and have already
outlived their author by more than 20 years. Even as
Security Analysis has gone through five editions and nearly
a million copes, you can learn time-tested investment
secrets and strategies by going back to the source - THE
ORIGINAL - and paying close attention to its wisdom. Written
just five years after the crash, Security Analysis's message
today is just as vivid, just as lucid, and just as vital as
it was in 1934.
Click Here-Security
Analysis
Click Here-Rich Dad's
Guide to Investing
What the Rich Invest in, That the Poor and the Middle Class
Do Not! (Paperback).Review:
The rich are different from the rest of us, if for no other
reason than U.S. tax and securities laws allow them to invest
in ways that keep us from catching up to them. That's why 90
percent of all corporate shares of stock are owned by 10
percent of the people. Kiyosaki believes it's possible for
anyone to move up into that 10 percent, but it takes a
different view of investing than most people have. The overall
message of Click Here-Rich Dad's
Guide to Investing is that this is an abundant world, full of
opportunity for the sophisticated investor. However, it
sometimes takes a while to find this point. By the hundredth
time you read that the rich don't work for money, and that
you don't need money to make money, both concepts start to
make sense. It still looks difficult to apply these ideas,
but Click Here-Rich Dad's
Guide to Investing certainly makes the case that
they'll work for anyone bold and smart enough to practice
them.
Click Here-Investing
for Dummies
Third Edition (Paperback) Review :
Click Here-Investing
for Dummies is a good, all-around investment
guide for the rest of us. Author Eric Tyson covers all
aspects of investing, from stocks and bonds to real estate
and collectibles. Tyson points readers towards investments
that actually work and raises warning flags about strategies
you should avoid. The book also considers whether starting
and running your business can be a good investment option.
If you're looking for a good place to start building a
secure financial future, this is it.
Book Description: It's been said, and too often quoted,
that the only certainties in life are death and taxes. To these
can be added one more: being confused by investing. But
remember that no one is born with financial knowledge. It's
acquired over time.
You don�t need a fancy college degree or a rich mom or dad to
invest money. What you do need is a desire to practice simple
yet powerful lessons and strategies. This book can help by
showing you everything you need to start and maintain an
investment program.
Click Here-Investing
for Dummies
Click Here-CASHFLOW
Board Game
About the Game:
Click Here-CASHFLOW
202 Board Game
teaches you the advanced business and investing techniques
used by technical investors by adding volatility to the
game. It teaches the advanced investment techniques of
"short-selling stock", "put-option", "Call-options",
"straddles" and real estate exchanges. You must have
CASHFLOW(r) 101 in order to play CASHFLOW(r) 202. This
package contains new game sheets, new playing cards, and 4
audio cassettes.
Click Here-The
Intelligent Investor
The Definitive Book On Value Investing, Revised
Edition.
Among the library of investment books promising no-fail
strategies for riches, Benjamin Graham's classic, Click Here-The
Intelligent Investor, offers no guarantees or
gimmicks but overflows with the wisdom at the core of all
good portfolio management.
Since it was first published in 1949, Graham's investment
guide has sold over a million copies and has been praised by
such luminaries as Warren E. Buffet as "the best book on
investing every written." These accolades are well deserved. In
its new form--with commentary on each chapter and extensive
footnotes prepared by senior Money editor, Jason Zweig--the
classic is now updated in light of changes in investment
vehicles and market activities since 1972. What remains is a
better book. Graham's sage advice, analytical guides, and
cautionary tales are still valid for the contemporary investor,
and Zweig's commentaries demonstrate the relevance of Graham's
principles in light of 1990s and early twenty-first century
market trends.
Click Here-The
Intelligent Investor
Click Here-Super
Searchers on Wall Street Super Searchers on Wall Street: Top
Investment Professionals Share Their Online Research
Secrets.
Book Description:
Interviews with expert researchers reveal to day traders and
investors the secrets for finding investment-related
information on-line. The best Web sites, on-line databases, and
other electronic resources used by investment professionals to
gather and analyze market data are detailed. Experts
interviewed include researchers from General Motors Investment
Management Corporation, State Street Global Advisors, Oliver
Wyman & Company, and other top firms.
Click Here-Super
Searchers on Wall Street
The Essays of Warren
Buffett
The Essays of Warren Buffett : Lessons for Corporate
America. Reviews: Buffett, the Bard of Omaha, is a
genuine American folk hero, if folk heroes are allowed to build
fortunes worth upward of $15 billion. He's great at homespun
metaphor, but behind those catchy phrases is a reservoir of
financial acumen that's generally considered the best of his
generation. For example, in an essay on CEO stock options, he
writes, "Negotiating with one's self seldom produces a barroom
brawl." This is his way of saying that an executive who can
give himself compensation totally disproportionate to his
performance surely will.
While Buffett has a policy of seldom commenting on stocks he
owns--he feels public pronouncements will only lead to the
public's expectation of more public pronouncements, and he
likes to keep his cards close to his vest--he loves to discuss
the principles behind his investments. These come primarily
from Ben Graham, under whom Buffett studied at Columbia
University and for whom he worked in the 1950s. First among
them is the idea that price is what you pay and value is what
you get--and if you're a smart investor, the first will always
be less than the second. In that sense, the value of the
lessons learned from Buffett's Essays could be far greater than
the book's price.
The Essays of Warren
Buffett
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