Book picks similar to
How Buffett Does It: 24 Simple Investing Strategies from the World's Greatest Value Investor by James Pardoe
finance
business
investment
investing
The Automatic Millionaire: A Powerful One-Step Plan to Live and Finish Rich
David Bach - 2003
Through their story you’ll learn the surprising fact that you cannot get rich with a budget! You have to have a plan to pay yourself first that is totally automatic, a plan that will automatically secure your future and pay for your present.What makes The Automatic Millionaire unique:You don’t need a budgetYou don’t need willpowerYou don’t need to make a lot of money You don’t need to be that interested in moneyYou can set up the plan in an hourDavid Bach gives you a totally realistic system, based on timeless principles, with everything you need to know, including phone numbers and websites, so you can put the secret to becoming an Automatic Millionaire in place from the comfort of your own home. This one little book has the power to secure your financial future. Do it once--the rest is automatic!
Get Rich with Dividends: A Proven System for Earning Double-Digit Returns
Marc Lichtenfeld - 2012
Today they present an excellent opportunity, especially with investors who have been burned in the dot com and housing meltdowns, desperate for sensible and less risky ways to make their money grow. Designed to show investors how they can achieve double-digit average annualized returns over the long-term, Get Rich with Dividends: A Proven System for Earning Double-Digit Returns is the book you'll need to get started making money in any market.The beauty of dividend investing is that it's extremely easy to understand and takes up almost none of the investor's time. The investor doesn't have to constantly watch over their investments, and can and focus on other things, secure in the knowledge that the system is working and they are accumulating wealth or generating the income they need on a quarterly or even monthly basis.Using the author's proprietary 10-11-12 System, investors can achieve average annual returns of 12% or more, if they know which stocks to invest in and how to do so - even with below average growth in the share price.Dividend investments are easy to set up and require little to no maintenance, and this book shows you how to do it. A method so easy to use, you'll want to teach your children how to do it early, setting them up for financial independence and avoiding the problems that plagued many investors over the past decade Full of expert advice from a 15-year veteran of equity markets. By showing investors how to find and invest in these unique but conservative and proven stocks, Get Rich with Dividends is the only book on dividend investing you'll ever need.
Investments
Zvi Bodie - 1989
It blends practical and theoretical coverage, while maintaining an appropriate rigor and a clear writing style. Its unifying theme is that security markets are nearly efficient, meaning that most securities are priced appropriately given their risk and return attributes. The text places greater emphasis on asset allocation and offers a much broader and deeper treatment of futures, options, and other derivative security markets than most investment texts. It is also the only graduate Investments text to offer an online homework management system, McGraw-Hill's "Connect Finance."
Diary of a Hedge Fund Manager: From the Top, to the Bottom, and Back Again
Keith McCullough - 2009
One of the best young portfolio managers on Wall Street, and helping to run the hedge fund operation of one of the world's most prestigious firms, Keith McCullough finds himself a lone voice of reason as the economic crisis of 2008 looms large. Shown the door, his life takes a fascinating turn into the world of independent research and no-holds-barred criticism.Reveals the unvarnished truth of how Wall Street and hedge funds really operate Deftly details how to analyze the markets expertly and avoid group think using technical and fundamental measures Each topic is thoroughly discussed and followed up with lessons you can take away and put to use Written with the authority of someone who knows how Wall Street and hedge funds work, yet accessible to even a casual follower of finance, Diary of a Hedge Fund Manager mixes a constructive critique of the investment industry with fundamental lessons that any investor will find valuable.
Why Moats Matter: The Morningstar Approach to Stock Investing
Heather Brilliant - 2014
This book explains the investment approach used by Morningstar, Inc., and includes a free trial to Morningstar's Research.Economic moats--or sustainable competitive advantages--protect companies from competitors. Legendary investor Warren Buffett devised the economic moat concept. Morningstar has made it the foundation of a successful stock-investing philosophy.Morningstar views investing in the most fundamental sense: For Morningstar, investing is about holding shares in great businesses for long periods of time. How can investors tell a great business from a poor one? A great business can fend off competition and earn high returns on capital for many years to come. The key to finding these great companies is identifying economic moats that stem from at least one of five sources of competitive advantage--cost advantage, intangible assets, switching costs, efficient scale, and network effect. Each source is explored in depth throughout this book.Even better than finding a great business is finding one at a great price. The stock market affords virtually unlimited opportunities to track prices and buy or sell securities at any hour of the day or night. But looking past that noise and understanding the value of a business's underlying cash flows is the key to successful long-term investing. When investors focus on a company's fundamental value relative to its stock price, and not where the stock price sits today versus a month ago, a day ago, or five minutes ago, investors start to think like owners, not traders. And thinking like an owner will makes readers better investors.The book provides a fundamental framework for successful long-term investing. The book helps investors answer two key questions: How can investors identify a great business, and when should investors buy that business to maximize return?Using fundamental moat and valuation analysis has led to superior risk-adjusted returns and made Morningstar analysts some of the industry's top stock-pickers. In this book, Morningstar shares the ins and outs of its moat-driven investment philosophy, which readers can use to identify great stock picks for their own portfolios.
Masterclass with Super-Investors
Vishal Mittal - 2018
Each of these investors has at least a few decades of experience investing in the Indian stock markets, and have successfully navigated the highs and lows of the market. They bring together different investment styles, thus giving us a variety of perspectives and tools to use in the market.The areas covered in the book are:– their background and how they started in the stock markets– evolution of the investment framework– case studies of their past investment successes– case studies of their mistakes (both omission and commission)– the process of idea generation and portfolio construction– views of investing in cyclicals, taking leverage, going short, timing the markets at the extremes– views on macros– developing the right temperament and habits– the process of wealth creation with capital milestones– advise to new investors
Bull!: A History of the Boom and Bust, 1982-2004
Maggie Mahar - 2003
Then, the market rose and rapidly gained speed until it peaked above 11,000. Noted journalist and financial reporter Maggie Mahar has written the first book on the remarkable bull market that began in 1982 and ended just in the early 2000s. For almost two decades, a colorful cast of characters such as Abby Joseph Cohen, Mary Meeker, Henry Blodget, and Alan Greenspan came to dominate the market news.This inside look at that 17-year cycle of growth, built upon interviews and unparalleled access to the most important analysts, market observers, and fund managers who eagerly tell the tales of excesses, presents the period with a historical perspective and explains what really happened and why.
Elliott Wave Principle: Key to Market Behavior
Robert R. Prechter Jr. - 1978
The Davis Dynasty: Fifty Years of Successful Investing on Wall Street
John Rothchild - 2001
With a novelist's wit and eye for telling detail, Rothchild chronicles the financial escapades of this eccentric, pioneering clan, providing a vivid portrait of fifty years of Wall Street history along the way. Rothchild shadows the Davis family's holdings through two lengthy bull markets, two savage and seven mild bear markets, one crash, and twenty-five corrections and, in the process, reveals the strategies behind the family's uncanny ability to consistently beat the markets. The Davis Dynasty begins in 1947, the year Shelby Davis quit his job as a state bureaucrat and, armed with $50,000 of his wife's money, took the plunge into stock investing. By the time he died in 1994, he had multiplied his wife's original stake 8,000 times! The story continues with his son, Shelby, who established one of the most successful funds of the past thirty years. The final characters in this enthralling family saga are grandsons Chris and Andrew. Both surrendered to the Davis family passion for investing and both went on to earn reputations as investment luminaries in their own right. John Rothchild (Miami Beach, FL) co-wrote the blockbusters One Up on Wall Street, Beating the Street, and Learn to Earn with Peter Lynch. He is the author of Survive and Profit in Ferocious Markets (Wiley: 0-471-34882-1), A Fool and His Money (Wiley: 0-471-25138-0), and Going for Broke. He has written for Harper's, Rolling Stone, Esquire, and other leading magazines and he has appeared on the Today Show, the Nightly Business Report, and CNBC.
A Concise Guide to Macroeconomics
David A. Moss - 2007
In A Concise Guide to Macroeconomics, David Moss leverages his many years of teaching experience at Harvard Business School to lay out important macroeconomic concepts in engaging, clear, and concise terms. In a simple and intuitive way, he breaks down the ideas into “output,” “money,” and “expectations.” In addition, Moss introduces powerful tools for interpreting the big-picture economic developments that shape events in the contemporary business arena. Detailed examples are also drawn from history to illuminate important concepts.This book is destined to become a staple in MBA courses—as well as the go-to resource for executives and managers at all levels seeking to brush up on their knowledge of macroeconomic dynamics.
Inside the House of Money: Top Hedge Fund Traders on Profiting in a Global Market
Steven Drobny - 2006
Author Steven Drobny demystifies how these star traders make billions for well-heeled investors, revealing their theories, strategies and approaches to markets. Drobny, cofounder of Drobny Global Advisors, an international macroeconomic research and advisory firm, has tapped into his network and beyond in order assemble this collection of thirteen interviews with the industry's best minds. Along the way, you'll get an inside look at firsthand trading experiences through some of the major world financial crises of the last few decades. Whether Russian bonds, Pakistani stocks, Southeast Asian currencies or stakes in African brewing companies, no market or instrument is out of bounds for these elite global macro hedge fund managers. Highly accessible and filled with in-depth expert opinion, Inside the House of Money is a must-read for financial professionals and anyone else interested in understanding the complexities at stake in world financial markets. "The ruminations of supposedly hush-hush hedge fund operators are richly illuminating." --New York Times
Aftermath: Seven Secrets of Wealth Preservation in the Coming Chaos
James Rickards - 2019
The global elites are ready to protect their wealth. Are you?In Aftermath, bestselling financial expert James Rickards sketches the harrowing economic crisis that's right around the corner and identifies the asset classes that are most-and least-exposed. Provocative, stirring, and full of counterintuitive advice, Aftermath is the book every smart investor needs to get their hands on - as soon as possible.
How to Be a Real Estate Investor
Phil Pustejovsky - 2011
This book was created for anyone looking for a simple to read, easy to follow yet powerful real estate investment guide on how to be a successful real estate investor in today's market.
The DAO of Capital: Austrian Investing in a Distorted World
Mark Spitznagel - 2013
We arrive at his central investment methodology of Austrian Investing, where victory comes not from waging the immediate decisive battle, but rather from the roundabout approach of seeking the intermediate positional advantage (what he calls shi), of aiming at the indirect means rather than directly at the ends. The monumental challenge is in seeing time differently, in a whole new intertemporal dimension, one that is so contrary to our wiring.Spitznagel is the first to condense the theories of Ludwig von Mises and his Austrian School of economics into a cohesive and--as Spitznagel has shown--highly effective investment methodology. From identifying the monetary distortions and non-randomness of stock market routs (Spitznagel's bread and butter) to scorned highly-productive assets, in Ron Paul's words from the foreword, Spitznagel "brings Austrian economics from the ivory tower to the investment portfolio."The Dao of Capital provides a rare and accessible look through the lens of one of today's great investors to discover a profound harmony with the market process--a harmony that is so essential today.
The 12% Solution
David Alan Carter - 2017
A strategy that’s not pie-in-the-sky and not just a bunch of theory, but rather a systematic plan that is backed up with real numbers showing it clearly beating the S&P 500 over time. A trading strategy that’s understandable, repeatable, that works and works simply.Anyone can do this. In simple-to-understand language, you’ll discover---- The six ETFs that power the strategy, and why.-- The simple technique for identifying which of those ETFs to buy, and which to sell. And most importantly, when.-- How $5,000 can end up $1,000,000 in your retirement portfolio.-- How to protect your portfolio during market downturns with a simple cash trigger.-- In short, how to earn an average of 12% annually in the stock market with minimal trading, less volatility, and less risk.Beat "The Street" in just 20 minutes.If you have 20 minutes a month and a computer, you can turn any investment amount into a steadily growing compounding machine that will make you the envy of Mad Money’s Jim Cramer and 99% of all mutual fund managers.Make just 2-4 trades one day a month. The strategy tells you what ETFs to buy and what to sell. That’s it. Then turn off the computer and go live your life.