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The Intelligent Investor by...
ABOUT THE BOOK As the global economy endures tumultuous twists and turns largely due to unsound and unsustainable investment strategies, it is important to rediscover and pay heed to the ideas of economists such as Benjamin Graham. The crux of Graham’s philosophy is approaching securities investment from a real wealth, real value perspective that focuses on long-term wealth creation. Graham’s mindset is the opposite of that which has led to “destructively creative,” or to put it more bluntly, downright fraudulent accounting techniques and dangerously speculative short-term investment schemes that have caused such economic upheaval on a global scale throughout the better part of the last decade. Contemporary economic luminaries such as billionaire Warren E. Buffett agree. Buffett, who contributed the preface and appendices to this edition of Graham’s seminal tome, is widely quoted as saying The Intelligent Investor is “by far the best book on investing ever written.” In the preface Buffett doesn’t mince words with regard to the weight of the book’s significance: “To invest successfully over a lifetime does not require a stratospheric IQ, unusual business insights, or inside information. What’s needed is a sound intellectual framework for making decisions and the ability to keep emotions from corroding that framework. This book precisely and clearly prescribes the proper framework. You must supply the emotional discipline.” The current hyper-emotional, lightning-fast-paced investment climate very much needs a refresher course on the principles outlined in Graham’s The Intelligent Investor. As market volatility becomes the unfortunate normal modus operandi for the corporate and financial world, investors should keenly take to heart the concepts Graham provides. MEET THE AUTHOR Joe Taglieri is a professional journalist and musician (drum set and Latin percussion instruments) in Los Angeles. He has written on a range of subjects for a variety of publications since the 1990s. Taglieri's forte is writing about governmental and economic issues, and he has a keen interest in sports and the arts, most notably music, television and film. He holds a degree in print journalism from the University of Southern California and has studied, taught and performed via the drum set for nearly 25 years and has done the same with Latin percussion instruments such as conga and bongo drums, cajón and timbales for more than 15 years. EXCERPT FROM THE BOOK No doubt, the risky investment practices that contributed to the Great Depression provided a fertile field of reference for a young Benjamin Graham as he would go on to develop financial strategies that proved widely influential and firmly withstood the test of time. As Zweig put it in the Intelligent Investor: “Graham came by his insights the hard way: by feeling firsthand the anguish of financial loss and by studying for decades the history and psychology of the markets” In the same work, Buffett also aptly observed: “It is rare that the founder of a discipline does not find his work eclipsed in rather short order by successors. But over forty years after publication of the book that brought structure and logic to a disorderly and confused activity, it is difficult to think of possible candidates for even the runner-up position in the field of security analysis...Ben’s principles have remained sound...His counsel of soundness brought unfailing rewards to his followers...” A clear example of value investing’s long-term relevance can be seen through the lens of the insurance company GEICO. (The acronym stands for Government Employee Insurance Company, which was the firm’s first niche client market.) Noting GEICO’s sound and safe business model that had resulted in significant growth, Graham’s investment firm purchased a 50-percent stake in the insurance company. By 1972 shares originally purchased at $27 apiece vaulted to a peak valuation of more than $16,000. Buy a copy to keep reading!Show book
e-Study Guide for: Cognitive...
Facts101 is your complete guide to Cognitive Science, An Introduction to the Science of the Mind. In this book, you will learn topics such as as those in your book plus much more. With key features such as key terms, people and places, Facts101 gives you all the information you need to prepare for your next exam. Our practice tests are specific to the textbook and we have designed tools to make the most of your limited study time.Show book
The Allergy Epidemic - A mystery...
Why is allergic disease increasing so rapidly, especially in young infants? What are the environmental factors contributing to this? What is going wrong with the immune system and can we prevent it? When is it safe to give children peanut products? What are the current treatment options for allergies? What is epigenetics? Where is the research headed? These are some of the many questions challenging not only parents and allergy sufferers, but whole societies now facing the global rise in immune diseases. Dr Susan Prescott, an internationally renowned specialist in childhood allergy and immunology, takes us on a journey into the world and science behind the allergy epidemic. Drawing on the latest research, The Allergy Epidemic provides clear, no-nonsense descriptions in the very personable style Susan’s patients have come to expect.Show book
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South Korea's amazing rise from the ashes: the inside story of an economic, political, and cultural phenomenon Long overshadowed by Japan and China, South Korea is a small country that happens to be one of the great national success stories of the postwar period. From a failed state with no democratic tradition, ruined and partitioned by war, and sapped by a half-century of colonial rule, South Korea transformed itself in just fifty years into an economic powerhouse and a democracy that serves as a model for other countries. With no natural resources and a tradition of authoritarian rule, Korea managed to accomplish a second Asian miracle. Daniel Tudor is a journalist who has lived in and written about Korea for almost a decade. In Korea: The Impossible Country, Tudor examines Korea's cultural foundations; the Korean character; the public sphere in politics, business, and the workplace as well as the family, dating, and marriage. In doing so, he touches on topics as diverse as shamanism, clan-ism, the dilemma posed by North Korea, the myths about doing business in Korea, the Koreans' renowned hard-partying ethos, and why the infatuation with learning English is now causing huge social problems. South Korea has undergone two miracles at once: economic development and complete democratization. The question now is, will it become as some see Japan, a rich yet aging society, devoid of energy and momentum? Or will the dynamism of Korean society and its willingness to change—as well as the opportunity it has now to welcome outsiders into its fold—enable it to experience a third miracle that will propel it into the ranks of the world's leading nations in terms of human culture, democracy, and wealth? More than just one journalist's account, Korea: The Impossible Country also draws on interviews with many of the people who made South Korea what it is today. These include: Choi Min-sik, the star of "Old Boy". Park Won-soon, Mayor of Seoul. Soyeon Yi, Korea's first astronaut Hong Myung-bo, legendary captain of Korea's 2002 FIFA World Cup team. Shin Joong-hyun, the 'Godfather of Korean Rock'. Ko Un, poet. Hong Seok-cheon, restaurateur, and the first Korean celebrity to 'come out'.And many more, including a former advisor to President Park Chung-hee; a Shaman priestess ('mudang'); the boss of Korea's largest matchmaking agency; a 'room salon' hostess; an architect; as well as chefs, musicians, academics, entrepreneurs, homemakers, and chaebol conglomerate employees.Show book
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Facts101 is your complete guide to Fundamental Number Theory with Applications. In this book, you will learn topics such as as those in your book plus much more. With key features such as key terms, people and places, Facts101 gives you all the information you need to prepare for your next exam. Our practice tests are specific to the textbook and we have designed tools to make the most of your limited study time.Show book