Why do so many investors make the same mistakes repeatedly, being too bullish or too bearish at just the wrong times? Because they forget. Forgetting pain is an instinct - humans have evolved that way to better cope with the problems of survival. But in the complex and often counterintuitive world of investing, it causes serious errors. ´´This time it’s different´´ are the four most expensive words in the English language (according to investing legend Sir John Templeton). Yet many investors routinely fall into the trap of thinking ´´now´´ (whenever ´´now´´ is) is different somehow. In Markets Never Forget (But People Do), four-time New York Times best-selling author Ken Fisher explains how investor´s memories play (often costly) tricks on them - and how they can combat their faulty memories with just a bit of history. This isn’t to say history repeats itself perfectly. It doesn’t; but a recession is a recession. Some are vastly worse than others, but investors have lived through them before. Credit crises aren’t new, nor are bear markets - or bull markets. Geopolitical tension is as old as mankind, as is war and even terrorist attacks. Understanding how investors have reacted to similar past events can help guide investors in shaping better forward-looking expectations. The past never predicts the future, but it can reduce guesswork about what’s ahead. In this book, Fisher takes aim at some major market memory mishaps, like the idea that stocks have become inherently more volatile or that wildly above - or below - average returns are abnormal. He shows how, early in every recovery, investors don’t believe in it - often at a huge cost. And he shows how, in investing, ideology is deadly. Most important, he explains how you can use history as one powerful tool to help reduce your error rate while helping to get better investing results. 1. Language: English. Narrator: Mel Foster. Audio sample: http://samples.audible.de/bk/brll/003382/bk_brll_003382_sample.mp3. Digital audiobook in aax.
The United States has always proved an inviting home for boosters, sharp dealers, and outright swindlers. Worship of entrepreneurial freedom has complicated the task of distinguishing aggressive salesmanship from unacceptable deceit, especially on the frontiers of innovation. At the same time, competitive pressures have often nudged respectable firms to embrace deception. As a result, fraud has been a key feature of American business since its beginnings. In this sweeping narrative, Edward Balleisen traces the history of fraud in America - and the evolving efforts to combat it - from the age of PT Barnum through the eras of Charles Ponzi and Bernie Madoff. Starting with an early 19th-century American legal world of ´´buyer beware´´, this unprecedented account describes the slow, piecemeal construction of modern regulatory institutions to protect consumers and investors, from the Gilded Age through the New Deal and the Great Society. It concludes with the more recent era of deregulation, which has brought with it a spate of costly frauds. By tracing how Americans have struggled to foster a vibrant economy without enabling a corrosive level of fraud, this book reminds us that American capitalism rests on an uneasy foundation of social trust. 1. Language: English. Narrator: Tom Perkins. Audio sample: http://samples.audible.de/bk/high/001208/bk_high_001208_sample.mp3. Digital audiobook in aax.
Welcome to Forbes for November 12, 2012 from Audible. This edition contains seven feature articles. In the cover story, ´´Forbes Picks 5 All-Star Charities, with Top Rankings for Efficient Groups” – Who deserves your charitable dollars? To help you decide, we’ve picked five all-stars–charities that are reasonably efficient (compared to their peers) and do fine work in their areas. Also, ´´Hollywood´s Secret Weapon to Combat Piracy in China” – Not long ago China was mostly a source of frustration for Hollywood. Now, thanks to Dan Mintz and DMG, the Dynamic Marketing Group, there´s a new sheriff in town. Next, ´´Newly-Minted Billionaire Is Spinning eBay Scraps Into Gold” – Michael Rubin has an uncanny eye for undervalued assets. Using his lifelong talent, the 40 year-old has turned himself into a billionaire. We´ll also tell you ´´Why Spinoff Stocks Are Sizzling (And Should Stay Hot)” – For investors looking for alternatives to initial public offerings, which are nearly impossible to get, unpredictable and often disappointing, corporate spinoffs offer a smart and profitable opportunity. Then, ´´How Robots are Making Solar Power Cheaper” – Startups like QBotix exploit advances in sensor technology and automation to dramatically cut solar power plant costs. Followed by, ´´After a Decade of Debacles, Auto Parts Supplier Dana Is Back in Gear” – Written off for dead after going bankrupt in 2006, and then racking up another $1.1 billion in losses after emerging into the teeth of the recession in 2008, Dana is, impossibly, back and on a roll. And in our final story, ´´Liquid Assets: Is Scotch the New Wine?” = Macallan has a plan to elevate ´´investment grade scotch,´´ to the same lofty plane as high-end art and wine. So far, it´s working. 1. Language: English. Narrator: Ken Borgers. Audio sample: http://samples.audible.de/pe/forb/121112/pe_forb_121112_sample.mp3. Digital audiobook in aax.
What is the GDP, and what does it mean? Why does the stock market go down when interest rates go up? What causes a dreaded recession? Economics impacts everyone´s life, but most people take on faith what they read in the newspaper. Now, for anyone who doesn´t know much about economics, noted economist Todd Buchholz explains it all simply and clearly. With refreshing wit and irreverence, Buchholz takes listeners by the hand and reveals the basic rules behind everything from food prices to trade deficits. Instead of complicated graphs and charts he uses examples from contemporary life and popular culture to demonstrate the principles at work. By cutting through the arcane musings of academicians, the jargon of analysts and advisors, and the rhetoric of politicians, he gives us a precise and accessible understanding of economic ideas, actions, and consequences as they actually exist in the here and now. Here are some of the heretofore unintelligible ideas he helps us to understand: what causes or combats inflation, and why it is so feared; what moves stocks and bonds up and down - and how to invest wisely and safely; whether it is good or bad to ´´protect´´ America from foreign goods - and what happens when we do and when we don´t; what exactly Social Security is, and whether government spending is good or bad - and how dangerous the national debt is or isn´t. In today´s confusing economic climate, it has never been more important for everyone from homemakers to small-business owners to individual investors and middle managers to understand the forces at work. 1. Language: English. Narrator: Christopher Kipiniak. Audio sample: http://samples.audible.de/bk/adbl/013194/bk_adbl_013194_sample.mp3. Digital audiobook in aax.
America’s first line of defense - Brad McLanahan and the heroes of the Iron Wolf Squadron - must counter a dangerous Russian strike from within the homeland in this cutting-edge tale from the New York Times master of the high-tech military thriller, Dale Brown. On a remote island estate, a billionaire investor sells his air freight company to a mysterious new owner. The purchaser is none other than the President of Russia, Gennadiy Gryzlov. The Russians will use these private planes to secretly transport dangerous cargo into the United States. The inept American President Stacy Anne Barbeau has failed to account for the Russian threat. But others have been vigilant and will not leave America defenseless. Brad McLanahan and the Iron Wolf Squadron have joined forces with the newly formed Alliance of Free Nations in Eastern Europe, to prepare for the attack they know is imminent. Working with the most cutting-edge technology, the team will deploy CIDs - Cybernetic Infantry Devices - twelve-foot-tall humanoid combat robots, each armed with more firepower than a conventional platoon. But their state-of-the-art weapons may not be enough to combat the threat. The Russians have managed to reverse engineer their own combat robots nearly decimated in a previous attack, and have slowly begun smuggling them across America’s borders. Dealing with an unprecedented danger and a feckless president and congress, McLanahan and the Iron Wolf Squadron will once again put their own lives on the line to check this new Russian peril and keep the home of the brave and the free world safe. 1. Language: English. Narrator: Ryan Burke. Audio sample: http://samples.audible.de/bk/brll/010464/bk_brll_010464_sample.mp3. Digital audiobook in aax.