Business & Investing (50)

After the economic meltdown of 2008, many pundits placed the blame on "complex financial instruments" and the physicists and mathematicians who dreamed them up. But how is it that physicists came to drive Wall Street? And were their ideas really the cause of the collapse?In The Physics of Wall Street, the physicist James Weatherall answers both of these questions. He tells the story of how physicists first moved to finance, bringing science to bear on some of the thorniest problems in economics, from bubbles to options pricing. The problem isn't simply that economic models have limitations and can break down under certain conditions, but that at the time of the meltdown those models were in the hands of people who either didn't understand their purpose or didn't care. It was a catastrophic misuse of science. However, Weatherall argues that the solution is not to give up on the models but to make them better. Both persuasive and accessible, The Physics of Wall Street is riveting history that will change how we think about our economic future.

The Richest Man in Babylon is a transformative book that has changed the way millions of people think about money since it was first published in 1926. Through light, entertaining parables author George S. Clason shares profound truths about wealth and success that will revolutionize the way you relate to money and interact with your finances. Clason's wisdom has inspired countless readers to gain, grow, and maintain their wealth, making this one of the most beloved finance books of all time.This special edition also includes the bonus book Acres of Diamond by Russell Conwell, a powerful exploration of the nature of true wealth.

Can you beat the market year after year and largely sidestep periodic downturns? What separates the country's best investors from the ordinary? What lessons can the small investor learn from modern stock market wizards? Acclaimed trading expert Jack Schwager went to thirteen phenomenally successful traders for answers, including Mark Minervini, a junior high school dropout, who has averaged a 220 percent annual return during the past five years, while keeping his maximum quarterly loss to a fraction of one percent; Mark Cook, a Midwestern farmer who registered back-to-back annual gains of 563 and 322 percent in national trading contests; and Steve Lescarbeau, whose computerized trading model earns him an average of 70 percent per year with an incredibly low drawdown of only 3 percent. In lively interviews with his all-star lineup, Schwager brings you true stories, eye-opening tips, and the inside scoop on how to ride the bull, battle the bear, and still come out on top. And in a final wrap-up Schwager lays out 64 market lessons that provide invaluable insights for average investors and market professionals alike.

He's the chairman of The Zweig Fund and The Zweig Total Return Fund, the publisher of the influential, trend-spotting Zweig Forecast, the financial strategist with over $7 billion under management, and the market analyst who has been called "the hottest, most respected stock picker in the land" (Philadelphia Inquirer). Now, in this new edition, Sweig adds the latest numbers to his classic investment primer, evaluates their impact on the volatile, challenging market of the 1990s, and, as always, shows you how to use his proven strategies to: make informed buy and sell decisions with Zweig's simple "Super Model". Pick the winners with Zweig''s "rifle" and "shotgun" approach. Recognize when insiders are trading-and beat them at their own game. Spot major bull and bear trends early-before the rest of the market. Minimize risk and maximize profits-with the same system used by major financial concerns. SC, 285 pages.

Day trading is highly profitable - and highly tumultuous. Moreover, the financial markets have changed considerably in recent years. Expert author Toni Turner gives you the latest information for mastering the markets, including:• Decimalization of stock prices• New trading products such as E-minis and Exchange Traded Funds (ETFs)• Precision entries and exits• The new breed of traderWritten in an accessible, step-by-step manner, A Beginner's Guide to Day Trading Online, 2nd Edition shows how to day-trade stocks in today's market.

Tired of phony promises about getting rich quickly? How about trying something different? How about going for lasting wealth - and doing it the cautious way? In Get Rich Carefully, Jim Cramer draws on his unparalleled knowledge of the stock market to help you navigate our recovering economy and make big money without taking big risks.In plain English, Cramer lays it on the line. No-waffling, no on-the-one-hand-or-the-other hedging, just the straight stuff. He names names, highlights individual and sector plays, identifies the long-term investing themes - and explains how to develop the discipline you need to exploit them. An invaluable personal finance book, Get Rich Carefully is your guide to turning your savings into real, lasting wealth in a practical, highly readable, and entertaining way.

Unless you’re very handy, you probably don’t know how to fix your own car or give a family member a decent haircut. But most Americans are expected to be part-time fund managers. With a steady, livable pension check becoming a rarity, we’ve been entrusted with our own finances and, for the most part, failed miserably.Since leaving his job as a top-rated stock ana­lyst to become an investing columnist, Jakab has watched his readers - and his family, friends, and colleagues - make the same mistakes again and again. He set out to evaluate the typical advice people get, from the clearly risky to the seemingly safe, to figure out where it all goes wrong and how they could do much better.Blending entertaining stories with some sur­prising research, Jakab explains• How a typical saver could have a retirement nest egg twice as large by being cheap and lazy.• Why investors who put their savings with a high-performing mutual fund manager end up worse off than if they’d picked one who has struggled.• The best way to cash in on your hunch that a recession is looming.• How people who check their brokerage accounts frequently end up falling behind the market.• Who isn’t nearly as good at investing as the media would have you think.He also explains why you should never trust a World Cup–predicting octopus, why you shouldn’t invest in companies with an X or a Z in their names, and what to do if a time traveler offers you eco­nomic news from the future.Whatever your level of expertise, Heads I Win, Tails I Win can help you vastly improve your odds of investment success.

A number-one bestseller from coast to coast, Den of Thieves tells, in masterfully reported detail, the full story of the insider-trading scandal that nearly destroyed Wall Street, the men who pulled it off, and the chase that finally brought them to justice. Pulitzer Prize winner James B. Steward shows for the first time how four of the biggest names on Wall Street - Michael Milken, Ivan Boesky, Martin Siegel, and Dennis Levine - created the greatest insider-trading ring in financial history and almost walked away with billions, until a team of downtrodden detectives triumphed over some of America's most expensive lawyers to bring this powerful quartet to justice.

This is a practical and easy-to-use investment reference, filled with case studies, important background information, and all the tools you'll need. All it takes is a little extra time and effort-and you can be a stock market genius.

The essential stock market guide, now updated with even more timely and necessary informationNow in its fifth edition, The Neatest Little Guide to Stock Market Investing has established itself as a clear, concise, and highly effective approach to stocks and investment strategy. Rooted in the principles that made it invaluable from the start, this completely revised and updated edition of The Neatest Little Guide to Stock Market Investing shares a wealth of information, including:• What has changed and what remains timeless as the economy recovers from the subprime crash• All-new insights from deep historical research showing which measurements best identify winning stocks• A rock-solid value averaging plan that grows 3 percent per quarter, regardless of the economic climate• An exclusive conversation with legendary Legg Mason portfolio manager Bill Miller, revealing what he learned from the crash and recovery• Thoroughly updated resources emphasizing online tools, the latest stock screeners, and analytical sites that best navigated recent trendsAccessible and intelligent, The Neatest Little Guide to Stock Market Investing is what every investor needs to keep pace in the current market.

Richard Dennis made a fortune on Wall Street by investing according to a few simple rules. Convinced that great trading was a skill that could be taught to anyone, he made a bet with his partner and ran a classified ad in the Wall Street Journal looking for novices to train. His recruits, later known as the Turtles, had anything but traditional Wall Street backgrounds; they included a professional blackjack player, a pianist, and a fantasy game designer. By the time the experiment ended, Dennis had made a hundred million dollars from his Turtles and created one killer Wall Street legend. In The Complete TurtleTrader, Michael W. Covel tells their riveting story with the first ever on-the-record interviews with individual Turtles. He shows how Dennis's rules worked - and can still work today - for any investor with the desire and commitment to learn from one of the greatest investing stories of all time.

The legendary investor shows how to identify and master the cycles that govern the markets.We all know markets rise and fall, but when should you pull out, and when should you stay in? The answer is never black or white, but is best reached through a keen understanding of the reasons behind the rhythm of cycles. Confidence about where we are in a cycle comes when you learn the patterns of ups and downs that influence not just economics, markets and companies, but also human psychology and the investing behaviors that result.If you study past cycles, understand their origins and remain alert for the next one, you will become keenly attuned to the investment environment as it changes. You’ll be aware and prepared while others get blindsided by unexpected events or fall victim to emotions like fear and greed.By following Marks’s insights — drawn in part from his iconic memos over the years to Oaktree’s clients — you can master these recurring patterns to have the opportunity to improve your results.

In this book, Peter Lynch shows you how you can become an expert in a company and how you can build a profitable investment portfolio. Revised and updated for the paperback edition.

All you need to know about buying and selling stocks!Too often, textbooks turn the noteworthy details of investing into tedious discourse that would put even a hedge fund manager to sleep. Stock Market 101 cuts out the boring explanations of basic investing, and instead provides hands-on lessons that keep you engaged as you learn how to build a portfolio and expand your wealth. From bull markets to bear markets to sideways markets, this primer is packed with hundreds of entertaining tidbits and concepts that you won't be able to get anywhere else.So whether you're looking to master the major principles of stock market investing or just want to learn more about how the market shifts over time, Stock Market 101 has all the answers--even the ones you didn't know you were looking for.

In his 14 years as Yale's chief investment officer, Swensen has revolutionized management of the university's investment portfolio. He now articulates his strategies and philosophy into this road map for creating a successful investment program. Line drawings throughout.