Features a chapter on risks and returns. Expands integration of international investing materials into chapters on equities, bonds, and derivatives. Includes updated information on the latest developments in taxation and accounting that are relevant to securities analysis and investing. Expands material on derivatives to include newer option forms and discussion of the general subject of financial engineering.

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    Neill, author of The Art of Contrary Thinking. Today, the Contrafund has over $60 Bn in assets.  "When everybody thinks alike, everyone is likely to be wrong" is the quote that lies at the heart of Neill's investment and political philosophies. In this expanded second edition of The Ruminator the reader will find thought provoking ruminations over the hectic events and conditions that prevailed in the five years between 1968 and 1972; the years during which Neill published a monthly magazine titled The Ruminator and from which these essays are taken.