´Whether a complete novice, or a professional portfolio manager, this book will give you access to the mindset and techniques of the most successful investors of our time and more importantly, it will help you avoid mistakes. The Great Investors will have a permanent place on my desk.´ Mark Sheridan, Executive Director, Nomura International PLC Leading investors such as Warren Buffett, Benjamin Graham, Sir John Templeton, George Soros and Anthony Bolton are known throughout the world. How did these people come to be so successful? Which strategies have they used to make their fortunes? And what can you learn from their techniques? In The Great Investors, Glen Arnold succinctly and accurately describes the investment philosophies of the world´s greatest investors. He explains why they are the best, gives details of their tactics for accumulating wealth, captures the key elements that led to their market-beating successes and teaches you key lessons that you can apply to your own investing strategies. From the foreword: ´There are some very special people who seem to possess an exceptional talent for acquiring wealth. I want to explore not just the past triumphs of these masters, but also the key factors they look for as well as the personality traits that allow them to control emotion and think rationally about where to place funds. How does a master of investment hone skills through bitter experience and triumph to develop their approach to accumulating wealth?´ Glen Arnold The Great Investors is the story of a number of remarkable men: John Templeton, George Soros, Warren Buffett, Benjamin Graham, Philip Fisher, Peter Lynch, Anthony Bolton and John Neff. Whether you´re new to investing, have had success in the markets, or you´re a professional investor or fund manger, you´ll benefit from reading about their proven, and successful, trading philosophies. The Great Investorswill show you how to: · Be a business analyst rather than a security analyst · Do your homework and develop a broad social, economic and political awareness · Control emotion so as not to get swept away by the market · Be consistent in your approach, even when you have bad years · See the wood for the trees and not over complicate your portfolio · Learn from your investing · Be self reliant, stand aside from the crowd and follow your own logic · Take reasonable risk
Praise for Profiting From the World´s Economic Crisis ´´Someone is going to make money in the next decade. Perhaps Bud will help you find your way.´´ --Jim Rogers, cofounder, Quantum Fund; author, A Gift to My Children ´´Where everyone today has an opinion on everything, much of it gleaned from a blog, Bud Conrad´s constant mantra is ´What does the data say?´ And then he rolls up his sleeves and works almost around the clock for as many days as it takes to get to a defensible answer. In other words, there are those who talk, and those who do. Bud does. In Profiting from the World´s Economic Crisis, Bud tells you what the data shows about the risks and opportunities just ahead. You´ll want to pay attention.´´ --David Galland, Managing Editor, The Casey Report ´´Bud Conrad´s book is a brutally honest journey into the future. Honest because Bud builds on facts, not popular opinion; brutal as he¿illustrates the logical consequences as global dynamics play out. You can´t afford not to read this book.´´ --Axel Merk, President and Chief Investment Officer, Merk Mutual Funds; author, Sustainable Wealth ´´This book could not be better timed, as the government and Wall Street do their best to convince the public that the financial storm has passed. Bud Conrad begs to differ and using his unique ability to take complex data and distill it into straightforward charts, he not only explains how the hurricane developed, but why it´s far from over. He then goes on to show investors not just how to survive the storm´s resurgence, but how to prosper.´´ --Steve Henningsen, Chief Financial Strategist, The Wealth Conservancy ´´Right now you may be asking yourself ´What´s going to happen to the economy, why is it happening, and what can I do to profit from it?´ As far as I´m concerned, Bud has the correct answers to these questions. Among other things, this book will become ´the´ reference book for data and charts that economists and investors will go to for years to come. I urge you to read this book--now--and act on its advice.´´ --DOUG CASEY, Chairman, Casey Research, bestselling author, Crisis Investing
In the wake of the 2008 global economic crisis, acclaimed investor Ruchir Sharma uncovers the most important signs that a nations fortunes are about to change for better or worse and how we can read them. The Rise and Fall of Nations delivers a practical framework for predicting the future winners and losers of the global economy. By providing 10 rules that chart powerful factors for economic growth, Sharma unpacks three major forces - political stability, economic data and sociological factors - to explain how they can be read as indicators of a nations economic health. From warning indicators such as the Price of Onions which tracks inflation, to the Debt Bombs Rule which watches private debt levels, Sharma also offers ways to assess the potential of an economy, such as the Why People Matter rule which investigates how governments develop their local talent pools.
Determine the strength of any business with fundamental analysis Have you ever wondered the key to multibillionaire Warren Buffet´s five-decade run as the most successful investor in history? The answer is simple: fundamental analysis. In this easy-to-understand, practical, and savvy guide, you´ll discover how it helps you assess a business´ overall financial performance by using historical and present data to forecast its future monetary value--and why this powerful tool is particularly important to investors in times of economic downturn. It´s more important than ever for investors to know the true financial stability of a business, and this new edition of Fundamental Analysis For Dummies shows you how. Whether you´re a seasoned investor or just want to learn how to make more intelligent and prudent investment decisions, this plain-English guide gives you practical tips, tricks, and trade secrets for using fundamental analysis to manage your portfolio and enhance your understanding of shrewdly selecting stocks! * Predict the future value of a business based on its current and historical financial data * Gauge a company´s performance against its competitors * Determine if a company´s credit standing is in jeopardy * Apply fundamental analysis to other investment vehicles, like currency, bonds, and commodities With the help of Fundamental Analysis For Dummies, you just may find the bargains that could make you the next Warren Buffet!
Ruchir Sharma is Head of Emerging Markets and Chief Global Strategist at Morgan Stanley Investment Management. His acclaimed book, Breakout Nations: In Pursuit of the Next Economic Miracles (2012), was an international bestseller. Sharma began his career as a writer and still contributes regularly to the Wall Street Journal, Financial Times, Foreign Affairs and other publications. One of the world´s largest investors, he was named one of Foreign Affairs´ Top Global Thinkers in 2012 and one of Bloomberg Market´s 50 most influential thinkers in 2015.
Expectations Investing offers a unique and powerful alternative for identifying value-price gaps. Rappaport and Mauboussin provide everything the reader needs to utilize the discounted cash flow model successfully. And they add an important twist: they suggest that rather than forecasting cash flows, investors should begin by estimating the expectations embedded in a company´s stock price. An investor who has a fix on the market´s expectations can then assess the likelihood of expectations revisions. To help investors anticipate such revisions, Rappaport and Mauboussin introduce an ´´expectations infrastructure´´ framework for tracing the process of value creation from the basic economic forces that shape a company´s performance to the resulting impact on sales, costs, and investment. Investors who use Expectations Investing will have a fundamentally new way to evaluate all stocks, setting them on the path to success. Managers will be able to use the book to devise, adjust, and communicate their company´s strategy in light of shareholder expectations.
In 2000 one of the world´s foremost economists, Andrew Smithers, showed that the US stock market was widely over-priced at its peak and correctly advised investors to sell. He also argued that central bankers should adjust their policies not only in light of expected inflation but also if stock prices reach excessive levels. At the time, few economists agreed with him, today it is hard to find those who would disagree. In the past central bankers have denied that markets can be valued and that it did not matter if they fell. These two intellectual mistakes are the fundamentals cause of the current financial market crisis. In addition, a lack of understanding by investors as to how to value the market has also resulted in widespread losses. It is clearly of great importance to everyone that neither these losses nor the current financial chaos should be repeated and thus that the principle of asset valuation should be widely understood. In this timely and thought-provoking sequel to the hugely successful Valuing Wall Street Andrew Smithers puts forward a coherent and testable economic theory in order to influence investors, pension consultants and central bankers policy decisions so that thy may prevent history repeating itself. Backed by theory and substantial evidence Andrew shows that assets can be valued, as financial markets are neither perfectly efficient nor absurd casinos.
Digital Media and Wireless Communication in Developing Nations: Agriculture, Education, and the Economic Sector explores how digital media and wireless communication, especially mobile phones and social media platforms, offer concrete opportunities for developing countries to transform different sectors of their economies. The volume focuses on the agricultural, economic, and education sectors. The chapter authors, mostly from Africa and India, provide a wealth of information on recent innovations, the opportunities they provide, challenges faced, and the direction of future research in digital media and wireless communication to leverage transformation in developing countries. The volume provides important research on digital media and wireless communication within the context of developing countries that will be very useful for professionals from academia, government agencies, NGOs, technologists, entrepreneurs and investors, and others.
This book presents a unique analysis of the sustainability performance of various renewable energy sources, based on Brazilian case studies. The evaluation also covers the potential held by regions with diverse socioeconomic and environmental characteristics and how they affect the development of each source. Considering that energy is essential to sustaining and improving modern society, the answer to the current energy dilemma lies in the development of a system that comprises multiple renewable, reliable, and sustainable energy sources. Brazil, which has a predominantly renewable electricity grid, has the privilege of being home to a range of different sustainable sources, although most of its electricity comes from hydroelectric power plants. With that in mind, this book has the primary objective of developing a performance evaluation system for important renewable sources in Brazil (solar, wind, and hydro), taking into account different scenarios and investor profiles. The analysis is based on the study of sustainability indicators related to the technical, economic, social and environmental aspects of the evaluated energy systems. As the availability of renewable sources is very location-specific, the scope of this book covers two Brazilian States with distinct characteristics. It makes it possible to determine which renewable energy source is most adequate from a sustainability perspective, and in light of the analyzed scope and investor profile.