Dance with Chance: Making Luck Work for You
Spyros G. Makridakis - 2009
Informative yet so much fun to read!" Nassim Nicholas Taleb – author of The Black Swan "Easy-to-digest and highly competent. If everyone were to read this book, the world would become a more enlightened place." Gerd Gigerenzer – author of Gut Feelings: The Intelligence of the Unconsious Uneasy with how chance determines a huge part of our lives, we try to control what cannot be controlled and predict what cannot be predicted. It’s a self-delusion that can have serious consequences for our personal finances, careers, happiness and health. Dance with Chance explains how we all fall foul of this “Illusion of Control.” Fortunately, when we understand how luck operates, we can lessen its ill effects. By learning when to cede control over certain aspects of our life, paradoxically, we gain more control. By making small changes to our lifestyle, we can make a huge difference to the things that matter to us. From simple investment strategies to warning against health screenings, the authors offer revolutionary and often counterintuitive advice to make luck work for you. You’ll find out why millions of deaths are caused each year by medical negligence and why a billionaire is no happier than an Eskimo. You’ll discover why no-one predicted the worst financial crisis since the great depression and what makes a sports star. Witty, inventive, and informed by the latest findings in psychology and statistics, Dance with Chance is an essential guide to navigating the uncertain world in which we live. Spyros Makridakis is Distinguished Research Professor at INSEAD, Abu Dhabi Centre and a former Greek Olympian. Robin M. Hogarth is ICREA Research Professor at Universitat Pompeu Fabra, Spain. He was formerly a professor at the University of Chicago’s Graduate School of Business. Anil Gaba is the ORPAR Chaired Professor of Risk Management and Dean of Faculty at INSEAD, France and Singapore, the world’s second largest business school.
Think Rich, Pinoy! An expose on why most Pinoys are poor while others are rich.
Larry Gamboa - 2004
They set the ball rolling and wealth simply accumulates. They let their money work for them. For the author, the combination of a book, a game, a woman and an opportunity helped him get out of the rat race onto the fast track. Discover why most Pinoys are poor and the secrets of the rich Tsinoys.
Real Estate Investing Gone Bad: 21 true stories of what NOT to do when investing in real estate and flipping houses
Phil Pustejovsky - 2015
The cost of these "deals gone bad" total millions of dollars in losses, years of unproductive activity and incalculable emotional stress. However, you’ll obtain the enormous benefits of the powerful and profitable learning lessons from these 21 mishaps without the costs! You’re about to gather lifelong, extremely valuable real estate investment and house flipping wisdom that has taken others a lifetime and a fortune to learn. This book is a must read for anyone planning to be or is already a real estate investor because you'll find out what NOT to do in real estate.
Build A Rental Property Empire: The No-nonsense Book On Finding Deals, Financing The Right Way, And Managing Wisely
Mark Ferguson - 2016
It was easy to read and practical and pragmatic - and I liked it enough to give a copy to my son who is just starting out with his real estate investing and also to two of my investor clients as closing gifts." -Sharon Learn the best way to invest in rental properties in this 300 plus page book written by real estate investor Mark Ferguson (owns more than 100,000 sqft of rentals). This book gives you the exact details on how to finance, find, analyze, manage, and even sell rental properties. Where other books lack the details on how to actually make money in real estate, this book is all about the details. It is written by someone who has been investing in real estate for over 15 years and is still investing today. If you are having trouble figuring out how to find the right properties, how to finance them, where to buy properties, or how to buy with little cash, this books tells you how to overcome those obstacles. If you can't find your answer in the book, Mark even gives away his email address where you can ask him directly. Mark is a successful rental property owner, fix and flipper and real estate broker. Mark has sold over 1,000 houses as a broker, flipped over 155 houses, and owns his own office Blue Steel Real Estate. Mark bought his first rental property on his own in December 2010 and now has 19 rentals (commercial and residential). He has fix and flipped houses since 2001 and been a real estate agent since 2001 as well. Over the years, he has learned the best way to find rentals, get great deals, manage properties, finance properties, find great markets and build wealth with rentals. In this book, Mark gives you all the information you need to be a successful rental property investor. Mark also started InvestFourMore, a real estate blog with over 35,000 subscribers and millions of visitors. He is known for his straight to the point writing that is easy to understand and full of insight. This book is not full of theories and made up stories. It contains real-world case studies and information on investing from an investor actively investing in today’s market (2017). Here are just a few of the topics covered: · Why rental properties will help you retire faster than other investments · The risks of investing in rentals · How to determine what a good rental property is · How to determine what type of rental to buy · How to get a great deal on properties · How to finance rentals, even if you have more than 4 or more than 10 · How to invest in rentals with less cash · How to repair and maintain properties · How to manage rentals or find a property manager · What are the best exit strategies · How to buy rental properties when your market is too expensive · Brand New Bonus Chapter on Commercial Real Estate Investing This book has been revised a number of times to reflect current market conditions and changes in Mark's strategy.
The Motley Fool Guide to Investing for Beginners
The Motley Fool - 2015
So we’ve created a guide that will show you (or a friend or relative who’s just getting started): * How much you need to start investing. * The key steps for building long-term wealth. * Proven ways to find great companies to buy. Understanding these life-changing concepts will get any investor on the path to financial freedom. Built upon our 13 Steps to Investing Foolishly, The Motley Fool Guide to Investing for Beginners includes our top investors’ biggest mistakes, insights into different styles of investing, and much more. Plus, you get 3 great stock picks that we think could make a strong foundation to any portfolio.
This Book Will Save You Time
Misir Mahmudov - 2020
Everything else can be made, bought or created. Our life is made up of around 600,000 hours and every second is of infinite value. We live in an attention economy where corporations are fighting for our time with the goal of monetizing our every second. The money we use loses value and devalues our time through inflation. When we work, we are exchanging our limited time for money whose quantity increases every year. It hasn’t always been this way. People used gold as money for a reason; it was also a limited resource. Now, what does the future hold?Valuing your time is the first step to improving your life. Knowing that your time is the only limited resource makes you more selective about the things you do, the people you spend your time with and the assets you choose to store your wealth in. Once you learn to appreciate your time, you will get busy doing the things you love and start making better financial choices.
Algorithmic Trading And DMA: An Introduction To Direct Access Trading Strategies
Barry Johnson - 2010
This book starts from the ground up to provide detailed explanations of both these techniques: - An introduction to the different types of execution is followed by a review of market microstructure theory. Throughout the book examples from empirical studies bridge the gap between the theory and practice of trading. - Orders are the fundamental building blocks for any strategy. Market, limit, stop, hidden, iceberg, peg, routed and immediate-or-cancel orders are all described with illustrated examples. - Trading algorithms are explained and compared using charts to show potential trading patterns. TWAP, VWAP, Percent of Volume, Minimal Impact, Implementation Shortfall, Adaptive Shortfall, Market On Close and Pairs trading algorithms are all covered, together with common variations. - Transaction costs can have a significant effect on investment returns. An in-depth example shows how these may be broken down into constituents such as market impact, timing risk, spread and opportunity cost and other fees. - Coverage includes all the major asset classes, from equities to fixed income, foreign exchange and derivatives. Detailed overviews for each of the world's major markets are provided in the appendices. - Order placement and execution tactics are covered in more detail, as well as potential enhancements (such as short-term forecasts), for those interested in the specifics of implementing these strategies. - Cutting edge applications such as portfolio and multi-asset trading are also considered, as are handling news and data mining/artificial intelligence.
An Altcoin Trader's Handbook
Nik Patel - 2018
To you, I present An Altcoin Trader's HandbookThe exponential growth of the cryptosphere over the previous half-decade has brought with it a plethora of life-changing speculative opportunities. Where traditional financial markets seem inaccessible and ineffectual due to the prevalence of high fees and low returns, the emergence of a worldwide market of decentralised alternatives to Bitcoin allows for those unable (or unwilling) to navigate the often-slippery world of hedge funds and investment banks the chance to realise financial freedom.This, of course, is no effortless journey, and this book does not profess to be a get-rich-quick scheme of any sort. Instead, An Altcoin Trader's Handbook merges almost five years of tragicomic yet insightful anecdotes on the ever-evolving nature of the cryptosphere with a comprehensive strategy for profitable altcoin speculation. The book focuses on maximising the upside potential of capital whilst diminishing downside risks, both of which are possible with speculation on so-called 'microcap' and 'lowcap' altcoins, given the application of proper risk management. Above all, the reader will learn, in exhaustive detail, the three-stage process of research, accumulation and distribution that has been the bedrock of my own success in the space. The journey will be intensive - often arduous - but will, with some good fortune, result in an individual most well-equipped to capitalise on the greatest glut of financial opportunity the world has ever seen.
The Rise of Carry: The Dangerous Consequences of Volatility Suppression and the New Financial Order of Decaying Growth and Recurring Crisis
Tim Lee - 2019
But none has revealed just how significant a role it plays in the global economy--until now.A groundbreaking book sure to leave its mark in the canon of investing literature, The Rise of Carry explains how carry trading has virtually shaped the global economic picture--one of decaying economic growth, recurring crises, wealth disparity, and, in too many places, social and political upheaval. The authors explain how carry trades work--particularly in the currency and stock markets--and provide a compelling case for how carry trades have come to dominate the entire global business cycle. They provide thorough analyses of critical but often overlooked topics and issues, including:-The active role stock prices play in causing recessions--as opposed to the common belief that recessions cause price crashes-The real driving force behind financial asset prices-The ways that carry, volatility selling, leverage, liquidity, and profitability affect the business cycle-How positive returns to carry over time are related to market volatility--and how central bank policies have supercharged these returnsSimply put, carry trading is now the primary determinant of the global business cycle--a pattern of long, steady but unspectacular expansions punctuated by catastrophic crises.The Rise of Carry provides foundational knowledge and expert insights you need to protect yourself from what have come to be common market upheavals--as well as the next major crisis.
The Zulu Principle
Jim Slater - 1992
His chief strengths are his uncanny ability to identify undervalued companies and his farsighted reading of the market trends. In this volume, Jim Slater makes available to the investor - whether the owner of only a few shares or an experienced investment manager with a large portfolio - the secret of his success. Central to his strategy is The Zulu Principle, the benefits of homing in on a relatively narrow area. Deftly blending anecdote and analysis, Jim Slater gives valuable selective criteria for buying dynamic growth shares, turnarounds, cyclicals, shells and leading shares. He covers many other vitally relevant aspects of investment such as creative accounting, portfolio management, overseas markets and the investor's relationship with their broker. From The Zulu Principle you can learn exactly when to buy shares and, even more important, when to see - in essence, how to make extraordinary profits from ordinary shares.
The Spider Network: The Wild Story of a Math Genius, a Gang of Backstabbing Bankers, and One of the Greatest Scams in Financial History
David Enrich - 2017
Tom Hayes, a brilliant but troubled mathematician, became the lynchpin of a wild alliance that included a prickly French trader nicknamed “Gollum”; the broker “Abbo,” who liked to publicly strip naked when drinking; a nervous Kazakh chicken farmer known as “Derka Derka”; a broker known as “Village” (short for “Village Idiot”) who racked up huge expense account bills; an executive called “Clumpy” because of his patchwork hair loss; and a broker uncreatively nicknamed “Big Nose” who had once been a semi-professional boxer. This group generated incredible riches —until it all unraveled in spectacularly vicious, backstabbing fashion.With exclusive access to key characters and evidence, The Spider Network is not only a rollicking account of the scam, but also a provocative examination of a financial system that was crooked throughout.
The Art of Currency Trading: A Professional's Guide to the Foreign Exchange Market (Wiley Trading)
Brent Donnelly - 2019
Author Brent Donnelly has been a successful interbank FX trader for more than 20 years and in this book, he shares the specific strategies and tactics he has used to profit in the forex marketplace. The book helps investors understand and master foreign exchange trading in order to achieve sustainable long-term financial success. The book builds in intensity and depth one topic at a time, starting with the basics and moving on to intermediate then advanced setups and strategies. Whether you are new to currency trading or have years of experience, The Art of Currency Trading provides the information you need to learn to trade like an expert. This much-needed guide provides: an insider’s view of what drives currency price movements; a clear explanation of how to combine macro fundamentals, technical analysis, behavioral finance and diligent risk management to trade successfully; specific techniques and setups you can use to make money trading foreign exchange; and steps you can take to better understand yourself and improve your trading psychology and discipline. Written for currency traders of all skill levels, international stock and bond investors, corporate treasurers, commodity traders, and asset managers, The Art of Currency Trading offers a comprehensive guide to foreign exchange trading written by a noted expert in the field.
Rich Dad Advisors: Run Your Own Corporation: How to Legally Operate and Properly Maintain Your Company into the Future
Garrett Sutton - 2012
Now what do I do?"All too often business owners and real estate investors are asking this question. They have formed their protective entity -- be it a corporation, LLC or LP -- and don't know what to do next.Run Your Own Corporation provides the solution to this very common dilemma. Breaking down the requirements chronologically (i.e. the first day, first quarter, first year) the audiobook sets forth all the tax and corporate and legal matters new business owners must comply with. Written by a Rich Advisor Garrett Sutton, Esq. who also authored the companion edition Start Your Own Corporation, the audiobook clearly identifies what must be done to properly maintain and operate your corporation entity.From the first day, when employer identification numbers must be obtained in order to open up a bank account, to the fifth year when trademark renewals must be filed, and all the requirements in between, Run Your Own Corporation is a unique resource that all business owners and investors must have.
We're Talking Millions!: 12 Simple Ways To Supercharge Your Retirement
Paul Merriman - 2020
Beyond the Bricks: The inside story of how 9 everyday investors found financial freedom through property
Rob Dix - 2014
Through long-form interviews with them we learn exactly how they did it, what their lives are like now, and what they recommend to anyone just starting out.Of course, "success" is a relative term. During the book you'll meet people ranging from Mark, who amassed a portfolio worth millions, to Serena, whose few houses saved her family from financial ruin. And along the way you'll meet Kim, who was unstoppable prior to the credit crunch, nearly lost everything, and found an innovative way to stay afloat.The day-to-day life of a property investor isn't necessarily what you'd expect either. Fast cars and exotic holidays are represented... but so too are sprinting in pursuit of rent cheques, pottering around in a dressing gown all day, and helping a tenant with cancer by driving her to hospital appointments.This book is less of a "how to" than a "how you could". It won't give you one formula for success, but many practical ideas and inspiring examples that you can use to craft your own property investment story.With all jargon clearly explained, this book will be an educational and entertaining read for those who are yet to get started, as well as a rich source of new ideas for more experienced investors.Praise for "Beyond The Bricks" "Put this on your list of property must-reads" - Property Tribes, Book of the Month"A compelling read" - Property118.com"These stories will entertain and inspire you all the way through to the end" - Your Property Network magazine