Smarter Stock Picking

Using Strategies from the Professionals to Improve Your Returns
Author: David Stevenson
Publisher: Ft Press
ISBN: 9780273727811
Category: Business & Economics
Page: 484
View: 1997
Over the long term, stocks and shares have proven themselves to be one of the best investments available. Despite some risks, they beat both bonds and cash. But what's the most effective way to ensure that you're using the best strategies to buy the best shares? Using proven research-based studies, Smarter Stock Picking walks you through each screening technique and shows you how to deploy key strategies that will help you successfully pick the right stocks so that you can get the right returns.

Beyond Earnings

Applying the HOLT CFROI and Economic Profit Framework
Author: David A. Holland,Bryant A. Matthews
Publisher: John Wiley & Sons
ISBN: 1119440521
Category: Business & Economics
Page: 416
View: 5294
Step up stock selection with advanced valuation techniques Beyond Earnings provides finance professionals with the most advanced techniques available for complex valuation and corporate performance analysis. Deep in detail and comprehensive in scope, this book features the first empirical discussion of mean-reversion in corporate profitability and growth, with expert guidance toward practical solutions. By focusing on cash flow and the economics of a company’s performance, the discussion relates a more effective process for stock screening, selection, and valuation. Step-by-step calculations guide you through the application of the HOLT CFROI and Economic Profit approaches for measuring operating performance, and expert insight from Credit Suisse researchers and consultants sheds new light on familiar situations. Stock selection is the critical point in the performance matrix, and screening and valuation practices weigh heavily into a firm’s performance. As investors face increasing pressure to perform at ever-higher levels, this book provides essential analysis methods that help paint a more complete picture of a potential investment’s performance. Assess a firm’s performance accurately by adjusting for accounting distortions Calculate economic profit and CFROI Estimate future cash flow, profit streams, and the firm’s value Model terminal value and eliminate the perpetuity assumption The effort to outperform benchmarks and exchange-traded funds grows increasingly Sisyphean as professional investors face mounting pressure from all sides. When the market is not performing to the level required to attain strategic goals, smarter stock selection becomes the lynchpin of high-performing firms. Advanced modeling provides an edge over traditional models in that it paints a truer picture of a corporation’s status, and extends that vision further into the future to facilitate more educated decision-making. Beyond Earnings is the professional manual to enhanced stock analysis and valuation, with invaluable guidance you won’t find anywhere else.

Big Money Thinks Small

Biases, Blind Spots, and Smarter Investing
Author: Joel Tillinghast
Publisher: Columbia University Press
ISBN: 0231544693
Category: Business & Economics
Page: 320
View: 3374
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.

The Only Guide to a Winning Investment Strategy You'll Ever Need

The Way Smart Money Preserves Wealth Today
Author: Larry E. Swedroe
Publisher: St. Martin's Press
ISBN: 1429972955
Category: Business & Economics
Page: 352
View: 6081
Investment professional Larry E. Swedroe describes the crucial difference between "active" and "passive" mutual funds, and tells you how you can win the investment game through long-term investments in such indexes as the S&P 500 instead of through the active buying and selling of stocks. A revised and updated edition of an investment classic, The Only Guide to a Winning Investment Strategy You'll Ever Need remains clear, understandable, and effective. This edition contains a new chapter comparing index funds, ETFs, and passive asset class funds, an expanded section on portfolio care and maintenance, the addition of Swedroe's 15 Rules of Prudent Investing, and much more. In clear language, Swedroe shows how the newer index mutual funds out-earn, out-perform, and out-compound the older funds, and how to select a balance "passive" portfolio for the long hail that will repay you many times over. This indispensable book also provides you with valuable information about: - The efficiency of markets today - The five factors that determine expected returns of a balanced equity and fixed income portfolio - Important facts about volatility, return, and risk - Six steps to building a diversified portfolio using Modern Portfolio Theory - Implementing the winning strategy - and more.

Smart and Simple Financial Strategies for Busy People

Author: Jane Bryant Quinn
Publisher: Simon and Schuster
ISBN: 0743269942
Category: Business & Economics
Page: 242
View: 8823
A guide to creating a virtually self-sustaining financial plan counsels middle-income earners on such topics as debt reduction, saving strategically, investing, insurance, family planning, and retirement. By the author of Making the Most of Your Money. 125,000 first printing.

Warren Buffett and the Interpretation of Financial Statements

The Search for the Company with a Durable Competitive Advantage
Author: Mary Buffett,David Clark
Publisher: Simon and Schuster
ISBN: 1849833249
Category: Business & Economics
Page: 224
View: 4826
With an insider's view of the mind of the master, Mary Buffett and David Clark have written a simple guide for reading financial statements from Buffett's successful perspective. They clearly outline Warren Buffett's strategies in a way that will appeal to newcomers and seasoned Buffettologists alike. Inspired by the seminal work of Buffett's mentor, Benjamin Graham, this book presents Buffett's interpretation of financial statements with anecdotes and quotes from the master investor himself. Destined to become a classic in the world of investment books, Warren Buffett and the Interpretation of Financial Statements is the perfect companion volume to The New Buffettology and The Tao of Warren Buffett.


The A Method for Hiring
Author: Geoff Smart,Randy Street
Publisher: Random House Digital, Inc.
ISBN: 0345504194
Category: Business & Economics
Page: 188
View: 1187
A manager's guide to hiring the right employees introduces the practical and effective A Method for Hiring, which draws on the expertise of hundreds of high-level executives to present a simple, easy-to-follow program to guarantee hiring success. 50,000 first printing.

A History of Financial Crises

Dreams and Follies of Expectations
Author: Cihan Bilginsoy
Publisher: Routledge
ISBN: 1317703812
Category: Business & Economics
Page: 474
View: 1723
"Once-in-a-lifetime" financial crises have been a recurrent part of life in the last three decades. It is no longer possible to dismiss or ignore them as aberrations in an otherwise well-functioning system. Nor are they peculiar to recent times. Going back in history, asset price bubbles and bank-runs have been an endemic feature of the capitalist system over the last four centuries. The historical record offers a treasure trove of experience that may shed light on how and why financial crises happen and what can be done to avoid them - provided we are willing to learn from history. This book interweaves historical accounts with competing economic crisis theories and reveals why commentaries are often contradictory. First, it presents a series of episodes from tulip mania in the 17th century to the subprime mortgage meltdown. In order to tease out their commonalities and differences, it describes political, economic, and social backgrounds, identifies the primary actors and institutions, and explores the mechanisms behind the asset price bubbles, crashes, and bank-runs. Second, it starts with basic economic concepts and builds five competing theoretical approaches to understanding financial crises. Competing theoretical standpoints offer different interpretations of the same event, and draw dissimilar policy implications. This book analyses divergent interpretations of the historical record in relation to how markets function, the significance of market imperfections, economic decision-making process, the role of the government, and evolutionary dynamics of the capitalist system. Its diverse theoretical and historical content of this book complements economics, history and political science curriculum.

Sailing Smart

Winning Techniques, Tactics, And Strategies
Author: Buddy Melges,Charles Mason
Publisher: Macmillan
ISBN: 9780805003512
Category: Sports & Recreation
Page: 192
View: 8827
Sailing Smart is for every sailor who wants to increase his or her knowledge, understanding, and sailing expertise: the local day-sailor who wants a firmer grasp of the fundamentals, as well as the serious competitor who wants to be up on the latest, most innovative sailing techniques and racing strategies. Buddy Melges, one of the world's best-known sailors, has at last set down his highly original thoughts on how to sail well. He covers the full range of sailing experience, from the general to the specific, the basic to the highly sophisticated. Melges's message is delivered in a bright, uncluttered manner by way of applications from his own sailing experience and through step-by-step instructions on everything from basic boat handling to expert on-the-course tactics and maneuvers. The book is profusely illustrated by the noted sailing artist Ted Brennan, and each drawing is accompanied by a cogent, in-depth explanatory caption.

Heads I Win, Tails I Win

Why Smart Investors Fail and How to Tilt the Odds in Your Favour
Author: Spencer Jakab
Publisher: Penguin
ISBN: 0399563202
Category: Business & Economics
Page: 288
View: 2873
"Let's start with the bad news first- Most investors' results bear very little resemblance to the long-run returns touted in the glossy marketing materials from financial services firms. What's more, most of them have no idea just how massive that difference actually is. But, there's reason for hope-Investing is a winner's game with excellent long-term odds once you stop shooting yourself in the foot. Since leaving his job as a top-rated stock analyst to become an investing columnist, Spencer Jakab has watched his readers-and his family, friends, and colleagues-make the same mistakes again and again. He looks at all the typical advice, from the clearly risky to the seemingly safe, to show you how various strategies are undermining even the savviest investor's returns. The paths that lead to a seven figure nest egg are surprisingly few, but he reveals reliable strategies that can multiply a typical retirement saver's nest egg fourfold or more. Jakab combines wise storytelling with a knack for doing the math on complicated ideas to explain why you shouldn't buy Apple, care about tomorrow's big IPO, or even try to act on the belief that a recession is around the corner. He also explains why you should never trust a World Cup predicting octopus and why you shouldn't invest in companies with an X or Z in their names - information more useful than it sounds, and every bit as fun. Whatever your level of expertise, Jakab's Heads I Win, Tails I Winwill be entertaining, enlightening, and almost certainly profitable."

How to Value Shares and Outperform the Market

A simple, new and effective approach to value investing
Author: Glenn Martin
Publisher: Harriman House Limited
ISBN: 0857191772
Category: Business & Economics
Page: 286
View: 899
The simplest way to make money in the stock market is to buy shares when they are cheap and make profits when their prices increase. This technique is known as value investing and is the creed of the world's most successful investor, Warren Buffett. But how do you know when a share price is cheap? This book explains in simple terms how you can develop your own UK share and FTSE100 valuation spreadsheets to calculate share and market valuations. Comparing the valuations to current market prices reveals when shares are underpriced and produces calibrated buy and sell signals. The FTSE100 system, for example, indicates the periods when you should be invested in the FTSE100 and the periods when you should not be. Since 1984 the in-periods have produced 94 times more capital growth than the out-periods. The new valuation system is the heart of this complete practical guide for managing your own investments. It shows how you should be able to double the value of your long-term investments purely through avoiding high commercial fund management fees. Using the new valuation system should help you do a lot better than this and, for example, secure a pension up to eight times larger than that provided by commercial managers. As well as providing comprehensive information about the practical and profitable ways in which you can use the new valuation system, this book is a complete toolkit for creating personal wealth through UK equity investment. It includes risk controls, tax breaks, free information sources and recommendations on the best service providers. In short this book is your first step along the road to financial security.

Smarter Than the Street: Invest and Make Money in Any Market

Author: Gary Kaminsky
Publisher: McGraw Hill Professional
ISBN: 0071753583
Category: Business & Economics
Page: 256
View: 9076
CNBC Money Expert Gary Kaminsky Reveals the Wealth-Building Secrets of Wall Street Insiders “Gary Kaminsky is one of the top money managers of the last two decades. His book is a must-read for anyone trying to make real money in the stock market!” Nils Brous, Founding Principal, Samson Capital Advisors, LLC; Chairman, Arcoda Capital Management LP; former executive, Kohlberg, Kravis, Roberts and Company (KKR) “Want to know how the best managers and traders on Wall Street make money? Read Gary Kaminsky’s down-to-earth, money-making guide and learn the secrets of profiting in any market.” Melissa Lee, Host, CNBC’s "Fast Money" “A must-read! Gary Kaminsky takes the mystery out of the market with his no-nonsense, take-no-prisoners approach.” Jeffrey Moslow, Managing Director, Investment Banking, Goldman Sachs The Book Wall Street Doesn't Want You to Read How do savvy Wall Street investors achieve high returns even in the worst financial times? It’s one of the industry’s best-kept secrets—and now it’s yours for the taking. Gary Kaminsky, cohost of CNBC’s "The Strategy Session"—and one of the best money managers in Wall Street’s recent history—is ready to share the secrets that have made his colleagues millions, even billions, of dollars. These simple but powerful techniques are not exclusive to Wall Street’s high rollers. With Kaminsky’s system, you will make money even in zero-growth markets. His proven formula shows you how to: Develop the same habits, reflexes, and practices of top market performers Create a proactive buy-and-sell strategy Beat the roller-coaster market trends—and focus on long-term returns Make smarter, more informed decisions—and more money! Kaminsky brings more than two decades of experience to his low-risk, high-return system, demystifying Wall Street for novice and seasoned investors alike. Between 1999 and 2008, Kaminsky’s team at Neuberger Berman grew record-breaking returns far above the S&P benchmark. And they didn’t do it by magic. They did it by constructing a specificstrategy and sticking to it, regardless of the investing climate. It is a strategy that anyone can learn and apply, step-by-step, in any market. With Kaminsky’s expert guidance, you’ll learn how to be more disciplined and vigilant with your investments, maximizing your returns in a minimum amount of time. You’ll not only make money in most markets, but you’ll lose much less money when those around you are losing their shirts. And you’ll be able to strengthen and protect your assets—particularly in the slow-growth decade ahead—with the confidence and know-how that drives Wall Street’s smartest investors to the top of their game. Yes, you can beat the market—when you’re Smarter Than the Street.

Juggling with Knives

Smart Investing in the Coming Age of Volatility
Author: Jim Jubak
Publisher: Public Affairs
ISBN: 9781610394802
Category: Business & Economics
Page: 384
View: 2012
Stunning volatility is the new "fact of life” that defines our age. Financial markets fall off cliffs one day, but then stage a recovery the next, only to do it all over again. The switch back and forth is emotionally draining, making us susceptible to irrational responses that can turn manageable problems into huge personal crises. But while there is danger in volatility, there is also the opportunity to profitably juggle the knives that volatility throws your way--with lessrisk than you might think. The first step toward profiting from volatility is to understand why these radical ups and downs are taking place now. Jim Jubak’s deep and broad-ranging analysis looks into not only the financial but also the economic, market, and social trends, showing how they reinforce each other, including: * the consequences of global central banks operating as cash machines, * a financial system that will not be reformed, * China as the world’s largest game of three-card monte, * the aging of populations around the world and the resulting war between the young and old, * and the large bill we will have for the consequences of environmental externalities such as climate change and energy uncertainty. Jubak analyzes these and other trends, providing practical insights and specific investing strategies that show investors how to respect--but not be scared of--market volatility, and how to make smarter investment decisions to profit from and hedge against it.

FT Guide to Investing for Income

Grow Your Income Through Smarter Investing
Author: David Stevenson
Publisher: Pearson UK
ISBN: 027377638X
Category: Business & Economics
Page: 328
View: 1576
Financial Times Guide to Income Investing is the complete reference guide for all investors wanting their shares and investments to provide market beating — and continuous — income. This book provides you with the necessary tools of the trade so you can work out the best strategy to follow guiding you through the mainstream, and not so mainstream, investment vehicles. Beginning with an introduction describing the basics of risk, return, volatility, structure, inflation and investing, the book introduces the simplest and safest products and funds before moving on to those higher risk strategies that will pay the highest income.

FT Guide to Exchange Traded Funds and Index Funds

How to Use Tracker Funds in Your Investment Portfolio
Author: David Stevenson
Publisher: Pearson UK
ISBN: 0273769421
Category: Business & Economics
Page: 496
View: 4359
Since the first edition of The Financial Times Guide to ETFs was published in 2009, the number of ETFs in issue has doubled and ETFs are now common both on investor platforms and increasingly amongst financial advisors. This massive increase in demand has highlighted an urgent debate – just how dangerous are ETFs and how much do investors and advisers understand about the structure of the index tracker? The second edition of this book attempts to answer this debate and is the indispensable bible on trackers for professional advisers and serious private investors. This new edition also features a chapter based around the theme of Due Diligence and a new chapter on How to use ETFs and Index Funds for theLong-term, as well as a new Jargon busting section and a-new appendix looking at new ideas beginning to emerge.

Smarter Than Us (Print)

The Rise of Machine Intelligence
Author: Stuart Armstrong
Publisher: Ingram
ISBN: 9781939311092
Category: Artificial intelligence
Page: 54
View: 5768
What happens when machines become smarter than us? Forget images of Terminators and Cylons: artificial intelligences (AIs) will achieve power through their intelligence, not brute strength. Just as humans shape the world in ways beyond the understanding of chimpanzees, AIs will shape our world, transforming it--whether slowly or blindingly fast--into whatever they are programmed to prefer. The future could be filled with joy, art, compassion, and beings living worthwhile and wonderful lives--but only if we're able to precisely define what a "good" world is, and skilled enough to describe it perfectly to a computer program. Philosophers have tried for thousands of years to define the ideal world, with little to show for it. The prospect of artificial intelligence gives this project a new urgency. Our values are fragile: miss a single piece of the puzzle, and the whole system collapses into a world empty of worth. And then comes the daunting task of encoding the entire system of human values for an AI: explaining them to a mind that is alien to us, defining every ambiguous term, clarifying every edge case. AIs, like computers, will do what we say--which is not necessarily what we mean. Though an understanding of the problem is only beginning to spread, researchers from fields ranging from philosophy to computer science to economics are working together to conceive and test new approaches. The problem of AI safety isn't easy, but it is solvable. Are we up to the challenge?

Smarter Budgets, Smarter Schools

How to Survive and Thrive in Tight Times
Author: Nathan Levenson
Publisher: N.A
ISBN: 9781612501383
Category: Education
Page: 231
View: 3134
Armed with real-world examples and out-of-the-box ideas, Nathan Levenson challenges conventional thinking about school budgeting and offers practical, actionable advice for school superintendents, central office leaders, building principals, and school board members. Virtually every school district in the nation is experiencing an extended period of financial constraints. Shrinking tax revenue, decreasing federal stimulus funds, rising health care and pension costs, and growing high-need student populations will continue to test superintendents and school boards as they seek to prepare students for a globally competitive environment.

Guitar Smarter

Author: Jeffrey George
Publisher: Luniver Press
ISBN: 1905986297
Category: Music
Page: 102
View: 6995
This intermediate method presents a number of increasingly challenging tasks for the guitarist who wants to move beyond the beginner experience. Advanced concepts of fingerboard harmony and applied music theory are imparted through the practical application in songs from four decades of popular music. More is offered in terms of rhythmic complexity along with advanced strumming, picking and fingerstyle techniques. Students will be playing more single-note lines as well as learning how to improvise over common chord progressions. Finally, the advancing guitarist will be introduced to reading musical notation through pieces that mix contemporary composition with classic works. This course guides the advancing guitarist in exactly what to play and how to approach the material as it continues to build confidence and increase the desire to further their playing skills.

Work Smarter: Live Better

Practical Ways to Change Your Work Habits and Transform Your Life
Author: Cyril Peupion
Publisher: Peupion Pty Ltd
ISBN: 174298049X
Category: Self-Help
Page: 200
View: 5243
Most people have never been taught how to work. We are committed to our job and want to be good at what we do. We are neither lazy nor unwilling. But we do not always work effectively - we work hard but not always smart. To increase performance many people believe they need to do more. We spend less time with our loved ones, neglect our health and put our passions and hobbies on the back burner. And we end up frustrated, out of control and stressed. Work Smarter: Live Better will transform your life - learn simple and practical tools to be in control at work, learn how to gain an extra two hours per day, and learn how to make room for what is important to you! This journey will challenge your way of thinking about work. You will learn how to work smarter and more importantly, live better.

Fire and Fury

Inside the Trump White House
Author: Michael Wolff
Publisher: Henry Holt and Company
ISBN: 1250158079
Category: Political Science
Page: 336
View: 5054
#1 New York Times Bestseller With extraordinary access to the West Wing, Michael Wolff reveals what happened behind-the-scenes in the first nine months of the most controversial presidency of our time in Fire and Fury: Inside the Trump White House. Since Donald Trump was sworn in as the 45th President of the United States, the country—and the world—has witnessed a stormy, outrageous, and absolutely mesmerizing presidential term that reflects the volatility and fierceness of the man elected Commander-in-Chief. This riveting and explosive account of Trump’s administration provides a wealth of new details about the chaos in the Oval Office, including: -- What President Trump’s staff really thinks of him -- What inspired Trump to claim he was wire-tapped by President Obama -- Why FBI director James Comey was really fired -- Why chief strategist Steve Bannon and Trump’s son-in-law Jared Kushner couldn’t be in the same room -- Who is really directing the Trump administration’s strategy in the wake of Bannon’s firing -- What the secret to communicating with Trump is -- What the Trump administration has in common with the movie The Producers Never before in history has a presidency so divided the American people. Brilliantly reported and astoundingly fresh, Fire and Fury shows us how and why Donald Trump has become the king of discord and disunion. “Essential reading.”—Michael D’Antonio, author of Never Enough: Donald Trump and the Pursuit of Success, “Not since Harry Potter has a new book caught fire in this way...[Fire and Fury] is indeed a significant achievement, which deserves much of the attention it has received.”—The Economist