Big Money Thinks Small by
Investors are tempted daily by misleading or incomplete information. They may make a lucky bet, realize a sizable profit, and find themselves full of confidence. Their next high-stakes gamble might backfire, not only hitting them in the balance sheet but also taking a mental and emotional toll. Even veteran investors can be caught off guard: a news item may suddenly cause havoc for an industry they've invested in; crowd mentality among fellow investors may skew the market; a CEO may turn out to be unprepared to effectively guide a company. How can one stay focused in such a volatile profession? If you can't trust your past successes to plan and predict, how can you avoid risky situations in the future? In Big Money Thinks Small, veteran fund manager Joel Tillinghast shows investors how to avoid making these mistakes. He offers a set of simple but crucial steps to successful investing, including: · Know yourself, how you arrive at decisions, and how you might be susceptible to self-deception. · Make decisions based on your own expertise, and do not invest in what you don't understand. · Select only trustworthy and capable colleagues and collaborators. · Learn how to identify and avoid investments with inherent flaws. · Always search for bargains, and never forget that the first responsibility of an investor is to identify mispriced stocks. Patience and methodical planning will pay far greater dividends than flashy investments. Tillinghast teaches readers how to learn from their mistakes--and his own, giving investors the tools to ask the right questions in any situation and to think objectively and generatively about portfolio management.
Money Machine by
It's time to put your money to work the smart way and stop chasing quick payoffs that never turn out. That seductive stock tip you just overheard? That's your ticket to flushing your savings down the toilet. The story you saw on a promising new product? Only those who invested before the story came out have any chance of a solid payout. If you want to succeed in the market, you need to learn how to invest based on value, selecting stocks that will continue to enrich you for years to come.Money Machine looks at Wall Street wonders Warren Buffet, Benjamin Graham, and other legends and shares how you, too, can utilize their secrets to unimaginable success! By learning the keys to value investing, you will discover how to:* Judge a stock by the cash it generates* Determine the stock's intrinsic value* Use key investment benchmarks such as price-earnings ratio and dividend-price ratio* Recognize stock market bubbles and profit from panics* Avoid psychological traps that can trip you up* And more!Investing in the market doesn't have to be reckless speculation. Invest in value, not ventures, and find the financial success all those gamblers are still looking for!
Book of Value by
Financial markets are noisy and full of half-baked opinions, innuendo, and misinformation. With deep insights about investor psychology, Book of Value shows how to apply tools of business analysis to sort through the deceptions and self-deceptions in financial markets. Anurag Sharma joins philosophy with practical know-how to launch an integrated approach to building high-performance stock portfolios. Investors at all skill levels should learn to be mindful of their psychological biases so they may better frame investment choices. Book of Value teaches novices that investing is not a game of luck but a skill--and it teaches the emotional and analytical tools necessary to play it well. Intermediate investors learn how to effectively control emotions when investing and think strategically about their investment program. Advanced investors see the formalization of what they already know intuitively: that the philosopher's methods for seeking truth can be profitably applied to make smart investments. A groundbreaking guide full of lasting value, Book of Value should be on the shelf of anyone who takes investing seriously.
Think, Act, and Invest Like Warren Buffett : The Winning Strategy to Help You Achieve Your Financial and Life Goals
Investing Without Borders by
An insightful examination of the skills needed to be a proactiveinvestor and find diverse investment opportunities in the emergingeconomy There is no little league on Wall Street and no white belts.Here or abroad, you are put in immediately with the black belts? the best and the brightest. Think like an amateur and theywill eat your lunch in China or in the U.S. Attempting to investoverseas like a robot and following the leader will produce resultsjust as bad as investing that way at home. While many investors aresmart, creative individuals, when exposed to the herd, they tend tofollow group mentality and succumb to what the people around thembelieve. Avoiding this trap can mean big profits for you. With The Investment Warrior, author Daniel Frishberg-afinancial professional with more than thirty years experience inthe industry-shows you how to break from the pack and build awinning portfolio. The investor in the old economy didn't thinkcritically about changing economic or political conditions aroundthe world. He never really had to. He was lulled to sleep by theenduring dominance of the U.S. economy. This book teaches you to bean awake and aware investor, ready for the changing financialenvironment. Throughout the book, Frishberg discusses what it takesto successfully invest both domestically and abroad and providespractical examples. This book Goes beyond the current crisis and explores the importance ofdiversifying and escaping the "herd" mentality that hinders mostinvestors Contains insights into investing for the long term and takingadvantage of the growing world economy Details the staggering amount of resources being applied to theglobal boom and what this means for your investments The lessons of this book go beyond today's economic crisis.Frishberg will provide you with insights to be used in allinvesting circumstances. Everyone wants to oversimplify. This isone of the most costly human foibles. You can capture considerableprofits by going out on your own, and with The InvestmentWarrior as your guide, you'll quickly discover how.