August 12, 2022
The Little Book That Still Beats the Market Book

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The Little Book That Still Beats the Market

By Joel Greenblatt
  • ISBN Code: : 0470926716
  • Publisher : John Wiley & Sons
  • Pages : 208
  • Category : Business & Economics
  • Reads : 897
  • Book Compatibility : Pdf, ePub, Mobi, Kindle
  • Pdf : the-little-book-that-still-beats-the-market.pdf

Book Excerpt :

In 2005, Joel Greenblatt published a book that is already considered one of the classics of finance literature. In The Little Book that Beats the Market—a New York Times bestseller with 300,000 copies in print—Greenblatt explained how investors can outperform the popular market averages by simply and systematically applying a formula that seeks out good businesses when they are available at bargain prices. Now, with a new Introduction and Afterword for 2010, The Little Book that Still Beats the Market updates and expands upon the research findings from the original book. Included are data and analysis covering the recent financial crisis and model performance through the end of 2009. In a straightforward and accessible style, the book explores the basic principles of successful stock market investing and then reveals the author’s time-tested formula that makes buying above average companies at below average prices automatic. Though the formula has been extensively tested and is a breakthrough in the academic and professional world, Greenblatt explains it using 6th grade math, plain language and humor. He shows how to use his method to beat both the market and professional managers by a wide margin. You’ll also learn why success eludes almost all individual and professional investors, and why the formula will continue to work even after everyone “knows” it. While the formula may be simple, understanding why the formula works is the true key to success for investors. The book will take readers on a step-by-step journey so that they can learn the principles of value investing in a way that will provide them with a long term strategy that they can understand and stick with through both good and bad periods for the stock market. As the Wall Street Journal stated about the original edition, “Mr. Greenblatt...says his goal was to provide advice that, while sophisticated, could be understood and followed by his five children, ages 6 to 15. They are in luck. His ‘Little Book’ is one of the best, clearest guides to value investing out there.”

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Ethics and the Market

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  • File : Pdf, ePub, Mobi, Kindle
  • Publisher : Routledge
  • Book Code : 1134159498
  • Total of Pages : 224
  • Category : Business & Economics
  • Members : 128
  • Pdf File: ethics-and-the-market.pdf

Book Short Summary:

Comprising cutting-edge work on the state of social economics today, this theoretically diverse book includes strong emphasis on the role of ethics, morality, identity, and society in economic theorizing. Much existing economic theory overlooks ethics. Rather than situating the market and values at separate extremes of a continuum, Ethics and the Market contends that the two are necessarily and intimately related. This volume brings together some of the best work in the social economics tradition, with strong contributions and pedagogy, and a cross-national blend of economics, philosophy, and policy. The contributors embed the economic within the social, rather than viewing 'the economy' and 'society' as separable spheres of life activity, and in so doing, three key themes are illuminated, corresponding to the volume's tripartite structure: Morality and Markets Redefining the Boundaries of Economics Social Economics in Transition. Ethics and the Market illuminates the diverse and dynamic theoretical approaches that are employed in social economics, reflecting on their continuously evolving relationship with neoclassical economics. Taking an innovative approach, this integrative book challenges traditional ways of thinking, and will prove vital reading for students and academics in the fields of Economics, Sociology, Gender Studies, and Public Policy.

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  • File : Pdf, ePub, Mobi, Kindle
  • Publisher : Harvard University Press
  • Book Code : 0674988604
  • Total of Pages : 270
  • Category : Business & Economics
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  • Pdf File: aquinas-and-the-market.pdf

Book Short Summary:

Economists investigate the workings of markets and tend to set ethical questions aside. Theologians often dismiss economics, losing insights into the influence of market incentives on individual behavior. Mary L. Hirschfeld bridges this gap by showing how a humane economy can lead to the good life as outlined in the thought of St. Thomas Aquinas.

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  • File : Pdf, ePub, Mobi, Kindle
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  • Book Code : 9789042013285
  • Total of Pages : 270
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  • Pdf File: playing-the-market.pdf

Book Short Summary:

The relationship between Johannesburg's Market Theatre and the economic and political forces of South Africa's apartheid regime was both complex and somewhat ambiguous. The theatre's two founders, Mannie Manim and Barney Simon, however, from idealistic beginnings managed to steer their experimental enterprise around pitfalls ranging from censorship, boycotts and recuperation by big business to the difficulties encountered in finding black authors, let alone black audiences. If the place occupied by the Market institution in apartheid society is emphasized throughout the present study, its contribution to the aesthetic of resistance is also underlined through detailed criticism of the plays and authors dominating the theatre. Pieter-Dirk Uys, Barney Simon's workshop plays and, among others, Black Consciousness plays are subjected to various methods of theatre performance analysis. The reckoning that had to come in the early 1990s revealed itself as globally positive; the reasons for this may be found in the updated concluding part of Playing the Market, which is composed of more general essays (including one on the vibrant Junction Avenue Theatre Company) on how the theatre scene in contemporary South Africa started to change. A postscript reveals more specific aspects of the Market situation in the late 1990s when its hegemony in the New South Africa was already being questioned.

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  • Total of Pages : 199
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  • Pdf File: i-am-the-market.pdf

Book Short Summary:

This is the cocaine trade.This is how it's done: with hard work and a good system. With coca made into cubes, dissolved in liquid, hidden in marble blocks or inside electric cable. With willing mules swallowing drugs in ovules (they'll be arrested - this is part of the system). With shipments measured in tons. With money in cash, always. And these are the risks: police dogs, scanners, customs, infiltrators And if you do it right, it will make you rich. And if you don't, you'll spend your life in jail.A bestseller in Italy, this is the first-hand guide to living well on the wrong side of the law. Luca Rastello gets the story of the market straight from a convicted smuggler: the true, unbelievable story of an illegal trade that supports economies and destroys lives, and of the war on drugs that makes it all possible.

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  • Publisher : Anchor
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  • Total of Pages : 512
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  • Members : 538
  • Pdf File: the-mind-and-the-market.pdf

Book Short Summary:

Capitalism has never been a subject for economists alone. Philosophers, politicians, poets and social scientists have debated the cultural, moral, and political effects of capitalism for centuries, and their claims have been many and diverse. The Mind and the Market is a remarkable history of how the idea of capitalism has developed in Western thought. Ranging across an ideological spectrum that includes Hobbes, Voltaire, Adam Smith, Edmund Burke, Hegel, Marx, and Matthew Arnold, as well as twentieth-century communist, fascist, and neoliberal intellectuals, historian Jerry Muller examines a fascinating thread of ideas about the ramifications of capitalism and its future implications. This is an engaging and accessible history of ideas that reverberate throughout everyday life.

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  • File : Pdf, ePub, Mobi, Kindle
  • Publisher : Univ of California Press
  • Book Code : 0520928857
  • Total of Pages : 326
  • Category : Philosophy
  • Members : 612
  • Pdf File: the-triumph-of-venus.pdf

Book Short Summary:

The theory of law and economics that dominates American jurisprudence today views the market as rational and individuals as driven by the desire to increase their wealth. It is a view riddled with misconceptions, as Jeanne Lorraine Schroeder demonstrates in this challenging work, which looks at contemporary debates in legal theory through the lens of psychoanalysis and continental philosophy. Through metaphors drawn from classical mythology and interpreted via Lacanian psychoanalysis and Hegelian philosophy, Schroeder exposes the hidden and repressed erotics of the market. Her work shows how the predominant economic analysis of markets and the standard romantic critique of markets are in fact mirror images, reflecting the misconception that reason and passion are inalterably opposed.

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  • File : Pdf, ePub, Mobi, Kindle
  • Publisher : Bucknell University Press
  • Book Code : 9780838755884
  • Total of Pages : 271
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  • Pdf File: writers-on-the-market.pdf

Book Short Summary:

The beginning of the seventeenth century in Spain marks a rapid rise in the commercial market for cultural production. This book examines the evolution of this commercial market as reflected in the maturation of two genres: the public theater and the novel. Through a comparative analysis of the play-wright Lope de Vega and the novelists Mateo Aleman and Miguel de Cervantes, the author explores the new poetic principles, both implicitly and explicitly, that accompany the rise of this commercialized literature. The book argues that the logic of classical economic theory becomes internalized within the poetic structure of these two genres. Within this logic, the idea of taste comes to play a new and unprecedented role as the arbiter of literary value. Exposed increasingly to the pressures of popular taste, these writers are forced to rework or abandon many of the traditional poetic ideas of the Renaissance in a process that tends to undermine the writer's control over his own work. Donald Gilbert-Santamaria teaches in the Division of Spanish and Portuguese at the University of Washington in Seattle.

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  • Total of Pages : 496
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  • Pdf File: entrepreneurism.pdf

Book Short Summary:

Contrary to traditional belief, entrepreneurism is not just about making money, nor is it merely about starting up a venture or owning a small business — it is a way of life, applicable to all human economic activities. Living on a planet with finite resources, humanity is sustainable only if there is constant pursuit of innovation and creativity, not just for personal gain but also for the common good.This book provides concise definitions of ‘entrepreneurism’, ‘entrepreneurship’, ‘entrepreneur’ and ‘entrepreneurial’ for education and application within the framework of the market economy; acts as a signpost pointing the way toward balancing the short-term need for survival with the long-term need for sustainable growth; and serves as a philosophical beacon that will guide individuals, particularly, business leaders, toward actions in the interest of humanity.

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  • Publisher : Liverpool University Press
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  • Total of Pages : 176
  • Category : History
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  • Pdf File: the-market-for-seamen-in-the-age-of-sail.pdf

Book Short Summary:

This volume collects eight essays that all attempt to answer two key concerns: did markets for seafarers exist in the age of sail; and, if so, were these markets efficient? The question was initially approach by Charles Kindleberger, who claims a market is efficient if it permits free access for employer and employee, is supply and demand match balance so that wages increase, and that labour must command the same price across the market. The first four focus on the broadly defined early-modern period, and all agree on the existence of the markets but are divided over whether or not they are efficient. The second section asks the same questions of the nineteenth century, and receives similar answers. All of the essays take issue with the definition and application of the term ‘efficiency’ when approaching their conclusions. Each author is considered an expert within their field, and all base their research on the North Atlantic. Section 1: These essays focus on the early-modern period of maritime history. Carla Rahn Phillips considers the market for maritime labour in early-modern Spain, finding that despite the necessity of sailors and existence of the market, wages remained low and skilled maritime labourers did not have bargaining power, rendering the system inefficient. Vince Walsh examines Salem, Massachusetts, and finds that the market within Salem was efficient yet would only recruit within Salem and suffered as a result. Paul van Royen focusses on seventeenth and eighteenth century Netherlands, and finds the organisations functioned well but enable huge discrepancies in wages. David Starkey chose eighteenth century England, noting a fluctuation between efficiency and inefficiency across markets. All authors find their work linked by the prevalence of these markets and their own difficulties in determining ‘efficiency’ within these economies. Section 2: These essays focus on the maritime history of the nineteenth century. David Williams discusses the emergence on the advance note and the tremendous influence it had on market behaviour, indicating inefficient markets. Yrjo Kaukiainen considers Finland’s history of interconnected local maritime labour markets, but also struggles to quantify their ‘efficiency’ after also taking issue with the ambiguous phrase. Lewis R. Fischer addresses the imbalance of wages in Norwegian maritime markets and finds that despite the integration from local to regional markets, the system remained inefficient. Finally, Morten Hahn-Pedersen and Poul Holm consider the fishing and shipping markets in Denmark and believe the wage inconsistencies reflect an inefficient system.

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  • File : Pdf, ePub, Mobi, Kindle
  • Publisher : Made For Success Publishing
  • Book Code : 1641466197
  • Total of Pages :
  • Category : Business & Economics
  • Members : 337
  • Pdf File: train-to-outslug-the-market.pdf

Book Short Summary:

Train to Outslug the Market is about sharpening your perception, how not to overstay markets, and build stock positions that can work out brilliantly. Have you owned Microsoft, Amazon, Apple, Facebook and Alibaba these past five years? Wall Street jitterbugs, day after day. Soo…. how can you come out on top? Stocks churn like commodities, fluctuating as much as 5% intraday. Nobody’s there to take good care of armchair investors. Pie chart money managers and banks like JPMorgan and Chase, adhere to the traditional 60/40 ratio for clients’ portfolios, but they scatter shot capital into oil, commodities, emerging market debt, foreign currencies - whatever. It makes them look profoundly busy. Past years, these pundits pretty much ignored the NASDAQ 100 Index which has outperformed traditional indices like the Standard & Poor’s 500. Within is the schema for your money management. Know when to buy stocks and when to check out. Don’t assume the Street’s pundits get it right even half the time. Historically, the Federal Reserve Board is not your friend, zigging rather than zagging. The analysts’ consensus on specific stocks, usually is sketchy and off base.

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  • File : Pdf, ePub, Mobi, Kindle
  • Publisher : Oxford University Press
  • Book Code : 0192609858
  • Total of Pages : 256
  • Category : Business & Economics
  • Members : 131
  • Pdf File: playing-the-market.pdf

Book Short Summary:

Nowhere in Europe are people more likely to enjoy a regular flutter in stocks and shares than in Britain. Whether we consider the millions of online stockbroking accounts or the billions spent on spread betting - it is a national pastime in today's Britain to play the markets. How did this distinctively British obsession with investment and speculation come about? Playing the Market tells this story by exploring the history of financial capitalism in Britain during the twentieth century from below. It explains how and why everyday British people increasingly invested, speculated, and gambled in stocks and shares from the outbreak of World War I, over the postwar decades and the Thatcher years, up until the premiership of Tony Blair. The study accounts for a momentous shift in attitudes towards stock market investment that occurred throughout the twentieth century. In the interwar period, traditional moral and cultural constraints about the stock market, which were still powerful in the Victorian period, gradually began to collapse in public and private life. In the following decades, financial securities lost their stigma of being either immoral or suitable only for the upper classes. Promising higher than average returns and a similar thrill of risk and reward as gambling in horses or the football pools, the stock market became a popular pastime for millions of Britons - even in the postwar decades, when Britain had nationalized industries and politicians of both parties indulged in staunchly anti-finance rhetoric. With the expansion of popular investment after both world wars, Britain developed a stock market culture that was unique across Europe and gave rise to a market populist sentiment that eventually proved fertile soil for the arrival of Thatcherism.

Timber and Forestry in Qing China

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  • File : Pdf, ePub, Mobi, Kindle
  • Publisher : University of Washington Press
  • Book Code : 0295748885
  • Total of Pages : 264
  • Category : History
  • Members : 613
  • Pdf File: timber-and-forestry-in-qing-china.pdf

Book Short Summary:

In the Qing period (1644–1912), China's population tripled, and the flurry of new development generated unprecedented demand for timber. Standard environmental histories have often depicted this as an era of reckless deforestation, akin to the resource misuse that devastated European forests at the same time. This comprehensive new study shows that the reality was more complex: as old-growth forests were cut down, new economic arrangements emerged to develop renewable timber resources. Historian Meng Zhang traces the trade routes that connected population centers of the Lower Yangzi Delta to timber supplies on China's southwestern frontier. She documents innovative property rights systems and economic incentives that convinced landowners to invest years in growing trees. Delving into rare archives to reconstruct business histories, she considers both the formal legal mechanisms and the informal interactions that helped balance economic profit with environmental management. Of driving concern were questions of sustainability: How to maintain a reliable source of timber across decades and centuries? And how to sustain a business network across a thousand miles? This carefully constructed study makes a major contribution to Chinese economic and environmental history and to world-historical discourses on resource management, early modern commercialization, and sustainable development.

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  • File : Pdf, ePub, Mobi, Kindle
  • Publisher : Routledge
  • Book Code : 1135147043
  • Total of Pages : 230
  • Category : Business & Economics
  • Members : 205
  • Pdf File: language-and-the-market-society.pdf

Book Short Summary:

In education, politics and religion, there are strong indications that discourse is becoming marketized. Around the world, government ministries have re-defined themselves as "service providers," universities draw up "market-driven" curricula, job seekers are asked to "package themselves" more effectively, and there are advertising agencies specializing in "the Christian marketplace." And it is not only word choice that is effected; higher-level linguistic patterns, such as genres and discursive practices (such as the text and talk connected with performance measurement and public relations), are also drawn into the orbit of market forces. Through an intricate dialectic, such patterns of linguistic choices, in turn, reinforce the social structures that shape them, further consolidating the marketization process. In a related development, language within the business domain itself is increasingly shaped by strategic planning and control, for example in branding, message design, and the promulgation of management buzzwords. Marketization thus emerges as a globally unfolding process in which language holds a key position as both cause and effect, and as both subject and object. The book examines these phenomena from a linguistic and critical perspective, drawing on critical discourse analysis, sociological treatises of market society, and critical management studies.

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By Ken Yamarashi
  • File : Pdf, ePub, Mobi, Kindle
  • Publisher : Everyday Samurai
  • Book Code : N.a
  • Total of Pages : 50
  • Category : Law
  • Members : 829
  • Pdf File: money-militia-and-the-market.pdf

Book Short Summary:

A free market includes sound money, and both require security from an armed, organized, and disciplined population actively involved in upholding universal standards of justice, also known as common law. When understood as placing We The People at the beginning and end of the cycle of self-government, the Second Amendment takes on even greater importance in maintaining constitutional order. All three, sound money, citizen-militia, and free markets are indispensable to securing the blessings of liberty in the present and for posterity. They mutually reinforce each other as intersecting pillars in a framework of sustainable political-economy, the science of social harmony and human flourishing. For those seeking to extinguish political corruption, financial impoverishment, cultural degradation, and social strife, restoring money, militia, and the market is essential. The ideas in this short book offer the surest path to fulfilling the promise of peace and prosperity through liberty.

The Market System, Structural Change, and Efficient Economies

By Bodo B. Gemper
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  • Publisher : Transaction Publishers
  • Book Code : 9781412837729
  • Total of Pages : 207
  • Category : Business & Economics
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  • Pdf File: the-market-system-structural-change-and-efficient-economies.pdf

Book Short Summary:

This volume's aim is to promote thought in readers interested in what kind of economic policies, market systems, welfare systems, and socialist systems should each pursue under the pressures of accelerating change? Should there be more government or less government? This is the central question addressed by this internationally drawn group of experts. The book features major case studies on the People's Republic of China, Canada, Ghana, Great Britain, South Africa, Taiwan, and West Germany. Contributors include, Richard L. Brinkman, from the United States, James C.W. Ahiakpor and Tillo E. Kuhn from Canada, Dieter Loesch and Herbert Schmidt from Germany, and Geert L. deWet from South Africa. For technical economists interested in world trade, business people concerned with expanding markets, and policy analysts concerned about how technology, culture and politics drive economic systems, this book is essential reading. As the editor points out, indicative targeting, as the latest weapon in the arsenal of economic science, makes it possible to systematically discover signals that could become points of reference--landmarks--for the way into the future. The approach taken by the authors enables us to trace future trends by extrapolating current data onto new territory. It will help the policy maker identify desirable trends and ideas; and at the same time, provides some early warning signals about high-risk trends and patterns. Bodo B. Gemper is professor of economics at the University of Siegen in Germany. He previously edited a Transaction volume, Structural Dynamics of Industrial Policy, and in German, Protectionism in the World Economy.

The Market In Babies

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  • File : Pdf, ePub, Mobi, Kindle
  • Publisher : Monash University Publishing
  • Book Code : 1921867868
  • Total of Pages : 178
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  • Pdf File: the-market-in-babies.pdf

Book Short Summary:

The Market in Babies: Stories of Australian Adoption tells the history of adoption in Australia from its beginnings in the nineteenth century to its decline at the beginning of the twenty-first. The authors find that a market in babies has long existed. In the early years supply outstripped demand: needy babies were hard to place. Mid-twentieth century supply and demand grew together, with adoption presented as the perfect solution to two social problems: infertility and illegitimacy. Supply declined in the 1970s and demand turned to new global markets. Now these markets are closing, but technology provides new opportunities and Australians are acquiring babies through the surrogacy markets of India and the United States. As the rate of adoptions in Australia falls to an historic low, and parliaments across the country are apologising to parents and adoptees for the pain caused by past practices, this book identifies an historical continuum between the past and the present, and challenges the view that the best interests of the child can ever be protected in an environment where the market in babies is allowed to flourish. The authors of The Market in Babies are long-established scholars expert in the history of the family, welfare history and the making of public policy in Australia.

The Rise of the Market

By Philip Arestis,Malcolm C. Sawyer
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  • Publisher : Edward Elgar Publishing
  • Book Code : 9781845423315
  • Total of Pages : 233
  • Category : Business & Economics
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  • Pdf File: the-rise-of-the-market.pdf

Book Short Summary:

The growth of neo-liberalism has been the dominant political force in the past two decades. This volume concentrates on understanding the political economy of neo-liberalism. It focuses on a number of the most critical issues and examines the essence of n

The Market Approach to Comparable Company Valuation

By Matthias Meitner
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  • Publisher : Springer Science & Business Media
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  • Total of Pages : 241
  • Category : Business & Economics
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  • Pdf File: the-market-approach-to-comparable-company-valuation.pdf

Book Short Summary:

Corporate valuation using multiples is one of the most popular corporate valuation approaches. In this book, the different steps of this valuation approach such as the selection of comparable companies or the choice of the reference variables are discussed. Then, the circumstances required for a sound valuation (e.g., the degree of efficiency of the equity market) are described. Additionally, the book gives insight on how the state of the industry and/or the company has an impact on the proper choice of the reference variables. Finally, it is shown how multi-factor models can enrich the universe of valuation models. While always maintaining the academic rigor, the author addresses practice-relevant topics and delivers hands-on solutions for typical valuation problems.

The Guru Investor

By John P. Reese,Jack M. Forehand
  • File : Pdf, ePub, Mobi, Kindle
  • Publisher : John Wiley & Sons
  • Book Code : 9780470446775
  • Total of Pages : 336
  • Category : Business & Economics
  • Members : 141
  • Pdf File: the-guru-investor.pdf

Book Short Summary:

Today's investor is faced with a myriad of investment options and strategies. Whether you are seeking someone to manage your money or are a self-directed investor deciding to tackle the market on your own, the options can be overwhelming. In an easy-to-read and simple format, this book will dissect the strategies of some of Wall Street's most successful investment gurus and teach readers how to weed through the all of the choices to find a strategy that works for them. The model portfolio system that author John Reese developed turns each strategy into an actionable system, addressing many of the common mistakes that doom individual investors to market underperformance. This book will focus on the principles behind the author's multi-guru approach, showing how investors can combine the proven strategies of these legendary "gurus" into a disciplined investing system that has significantly outperformed the market. Gurus covered in the book are: Benjamin Graham; John Neff; David Dreman; Warren Buffett; Peter Lynch; Ken Fisher; Martin Zweig; James O'Shaughnessy; Joel Greenblatt; and Joseph Piotroski.

The Moral Dimensions of Public Policy Choice

By John Martin Gillroy,Maurice L. Wade
  • File : Pdf, ePub, Mobi, Kindle
  • Publisher : University of Pittsburgh Pre
  • Book Code : 082297150X
  • Total of Pages : 552
  • Category : Political Science
  • Members : 831
  • Pdf File: the-moral-dimensions-of-public-policy-choice.pdf

Book Short Summary:

Combining philosophy with practical politics, an expanding area of policy studies applies moral precepts, critical principles, and conventional values to collective decisions. This evolving new approach to policy analysis asserts that the same variety of ethical principles available to the individual are also available to make collective decisions in the public interest and should be used. Although policy analysis has long been dominated by assumptions originally developed for the examination of markets, such as efficiency, these essays by leading scholars - the best work done in the field over the past three decades - explore alternatives to the "market paradigm" and show how moral discrimination and choice can extend beyond the individual to encompass public decisions. Chapters by John Martin Gillroy and Maurice Wade review the political philosophies of Immanuel Kant and David Hume as backgrounds for the development of modern concepts of public policy choice. They present this anthology as a first step in codifying options, arguments, and methods within this important developing area of policy studies.

Is the Market Moral?

By Rebecca M. Blank,William McGurn
  • File : Pdf, ePub, Mobi, Kindle
  • Publisher : Brookings Institution Press
  • Book Code : 0815796285
  • Total of Pages : 151
  • Category : Religion
  • Members : 448
  • Pdf File: is-the-market-moral.pdf

Book Short Summary:

In the great tradition of moral argument about the nature of the economic market, Rebecca Blank and William McGurn join to debate the fundamental questions—equality and efficiency, productivity and social justice, individual achievement and personal rights in the workplace, and the costs and benefits of corporate and entrepreneurial capitalism. Their arguments are grounded in both economic sophistication and religious commitment. Rebecca Blank is an economist by training and describes herself as "culturally Protestant in the habits of mind and heart." She has also chaired the committee that wrote the statement on Christian faith and economic life adopted by the United Church of Christ. Addressing market failure, for her, requires that sometimes "freedom to choose" give way to other human values. William McGurn, a journalist and a Roman Catholic, uses his expertise in economics to reflect on the teachings of the church concerning the morality of the market. For McGurn, humans reach their fullest potential when they are free from the constraints of others. He writes that "our quarrel is not so much with Adam Smith or Milton Friedman but with the Providence that so clearly designed man to be his most prosperous at his most free." This book grapples with the new imperatives of a global economy while working in the classic tradition of political economy which always treated seriously the questions of morality, justice, productivity, and freedom.

The Moralization of the Markets

By Nico Stehr,Christoph Henning,Bernd Weiler
  • File : Pdf, ePub, Mobi, Kindle
  • Publisher : Transaction Publishers
  • Book Code : 1412815878
  • Total of Pages : 378
  • Category : Political Science
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  • Pdf File: the-moralization-of-the-markets.pdf

Book Short Summary:

Nothing affects the modern economy (and society) more than decisions made in the market place, especially, but not only, decisions made by consumers. Although it is not startling to suggest that decisions made in production are affected by choices consumers make, consumers have long been viewed, not only by academic economists, as individual, isolated rational actors that make or refrain from purchases purely on the basis of narrow financial considerations. Markets are not and never were morally neutral. Market relations have always had an often taken-for-granted moral underpinning. The moralization of the markets refers to the dissolution and replacement of the conventional moral underpinnings of market conduct, for example, in the music market, financial markets, and corporate governance. It further implies not only the heightened importance of new ethical precepts, but the significant change in the role of moral ideals in market behavior. These profound transformations of economic conduct are accompanied and co-determined by societal conflicts. The moralization of markets represents thus a new stage in the social evolution of markets. The book is divided into four parts, in which the twelve chapters, written by contributors from different social science disciplines, deal with the context of the moralization of the markets; the major social institutions; and present case studies that examine European and American attitudes and behavior towards tobacco and GMO; expansion of the private and ethics in business; and how workers respond to the new corporate norms. This volume will be of interest to sociologists, economists, social scientists, and the general consumer alike.

China's Publishing Industry

By Qidong Yun
  • File : Pdf, ePub, Mobi, Kindle
  • Publisher : Chandos Publishing
  • Book Code : 0081010036
  • Total of Pages : 320
  • Category : Language Arts & Disciplines
  • Members : 750
  • Pdf File: china-s-publishing-industry.pdf

Book Short Summary:

China's Publishing Industry presents a portrait of the contemporary Chinese publishing industry in its political and commercial contexts, and analyses how its structures are influenced by the state and by market forces. Starting with an overview of the publishing business in China, this book takes a long view of the profound changes in China's publishing industry, covering a period from the 'socialist transformation' under Mao to the more recent reforms, such as the conglomeration and corporatisation, of the industry. The book investigates the impact of the changing social, economic and ideological environment on the structure and operation of the publishing industry, and explores how the burgeoning digital publishing business is shaped by the broader social context. It reveals that the process of commercialisation in China's publishing industry has been marked by persistent tensions and contradictions, and demonstrates, through case studies, how these tensions have impacted everyday practices. Provides contemporary industry information about China's publishing. Presents a clear overview of trends and explains the fundamental dynamics behind them. Gives an analytic account of China’s publishing, demonstrating the interaction between the broader social context and the publishing industry. Explains the legacies of the old system, the predicaments inherent in the current industry, and the limits of ongoing reforms. Illustrates how a typical state publishing group operates and copes with the demands from the party, the pressures from the market and the challenges posed by digital technologies.

Understanding and Regulating the Market at a Time of Globalization

By H. Dumez,A. Jeunemaître
  • File : Pdf, ePub, Mobi, Kindle
  • Publisher : Springer
  • Book Code : 0230288758
  • Total of Pages : 238
  • Category : Business & Economics
  • Members : 728
  • Pdf File: understanding-and-regulating-the-market-at-a-time-of-globalization.pdf

Book Short Summary:

How does a market globalize? How do antitrust and trade policies speed up or slow down the process? How do firms take part in it? The book offers a comprehensive appraisal of the phenomenon from a thorough study of the cement industry. Considered as a model of spatial competition in economic textbooks and inherently local, the industry globalized in the 1980s. Hence, the originality of the book to deal with an extreme case that highlights the fundamental characteristics of globalization.

Governing the Market

By Robert Wade
  • File : Pdf, ePub, Mobi, Kindle
  • Publisher : Princeton University Press
  • Book Code : 0691187185
  • Total of Pages : 438
  • Category : Business & Economics
  • Members : 876
  • Pdf File: governing-the-market.pdf

Book Short Summary:

Published originally in 1990 to critical acclaim, Robert Wade's Governing the Market quickly established itself as a standard in contemporary political economy. In it, Wade challenged claims both of those who saw the East Asian story as a vindication of free market principles and of those who attributed the success of Taiwan and other countries to government intervention. Instead, Wade turned attention to the way allocation decisions were divided between markets and public administration and the synergy between them. Now, in a new introduction to this paperback edition, Wade reviews the debate about industrial policy in East and Southeast Asia and chronicles the changing fortunes of these economies over the 1990s. He extends the original argument to explain the boom of the first half of the decade and the crash of the second, stressing the links between corporations, banks, governments, international capital markets, and the International Monetary Fund. From this, Wade goes on to outline a new agenda for national and international development policy.

Social Impact Investing Beyond the SIB

By Mario La Torre,Mario Calderini
  • File : Pdf, ePub, Mobi, Kindle
  • Publisher : Springer
  • Book Code : 331978322X
  • Total of Pages : 225
  • Category : Business & Economics
  • Members : 914
  • Pdf File: social-impact-investing-beyond-the-sib.pdf

Book Short Summary:

This book provides a preliminary attempt to understand the impact investors’ preferences and characteristics. It offers an empirical insight of the main features characterizing social risk of Social Impact Bonds (SIBs) and explores the correlation existing between social risk and financial return. It assesses case studies of social impact investment architectures and their legal and operational limits. It also analyzes new trends in social impact measurement, focusing on the Spanish and Swedish experiences. The book concludes with a road map of priorities and policy strategy for social impact investments development.

Not Only the Market

By Martin Pot??ek
  • File : Pdf, ePub, Mobi, Kindle
  • Publisher : Central European University Press
  • Book Code : 9789639116511
  • Total of Pages : 146
  • Category : Political Science
  • Members : 306
  • Pdf File: not-only-the-market.pdf

Book Short Summary:

This book focuses on the Czech Republic during the Klaus era, making comparisons with other post-communist countries. Along with transition issues such as privatization, the role of corruption and the Mafia are analysed, too. Potucek highlights the mistakes made with respect to the coordination of market, government and the civic sector.

Creating the Market University

By Elizabeth Popp Berman
  • File : Pdf, ePub, Mobi, Kindle
  • Publisher : Princeton University Press
  • Book Code : 1400840473
  • Total of Pages : 280
  • Category : Education
  • Members : 137
  • Pdf File: creating-the-market-university.pdf

Book Short Summary:

When science adopts the logic of the market American universities today serve as economic engines, performing the scientific research that will create new industries, drive economic growth, and keep the United States globally competitive. But only a few decades ago, these same universities self-consciously held themselves apart from the world of commerce. Creating the Market University is the first book to systematically examine why academic science made such a dramatic move toward the market. Drawing on extensive historical research, Elizabeth Popp Berman shows how the government—influenced by the argument that innovation drives the economy—brought about this transformation. Americans have a long tradition of making heroes out of their inventors. But before the 1960s and '70s neither policymakers nor economists paid much attention to the critical economic role played by innovation. However, during the late 1970s, a confluence of events—industry concern with the perceived deterioration of innovation in the United States, a growing body of economic research on innovation's importance, and the stagnation of the larger economy—led to a broad political interest in fostering invention. The policy decisions shaped by this change were diverse, influencing arenas from patents and taxes to pensions and science policy, and encouraged practices that would focus specifically on the economic value of academic science. By the early 1980s, universities were nurturing the rapid growth of areas such as biotech entrepreneurship, patenting, and university-industry research centers. Contributing to debates about the relationship between universities, government, and industry, Creating the Market University sheds light on how knowledge and politics intersect to structure the economy.

Sustainable Investing

By Hanna Silvola,Tiina Landau
  • File : Pdf, ePub, Mobi, Kindle
  • Publisher : Springer Nature
  • Book Code : 3030714896
  • Total of Pages : 241
  • Category : Bank marketing
  • Members : 956
  • Pdf File: sustainable-investing.pdf

Book Short Summary:

"Sustainable Investing offers practical advice to market participants, with a variety of examples from investors and corporates who have dealt with the challenge of integrating Environmental, Social and Governance (ESG) aspects into their operations. The authors anchor these case studies in emerging research from academic finance, while providing readers with a critical lens to evaluate the strengths and weaknesses of what may sometimes appear to be contradictory conclusions. Sustainable Investing is an excellent resource for international investors, advisors, and corporates." --Annie Bersagel, Portfolio Manager - ESG, Folketrygdfondet, Government Pension Fund Norway "A must-read to understand the tectonic shift of sustainable finance and how to be a part of it- through detailed case-studies and first-hand practitioners' input, this book takes on the challenge of making sustainable investments clear and actionable." --Carole Crozat, CFA, Head of Thematic Research for Sustainable Investments, BlackRock Most of what is described as sustainability investing today is very far from the mark. If we are to build a truly regenerative economy, across all dimensions of value creation, we must transform not just financial markets but economics itself. This timely book by Hanna Silvola and Tiina Landau is a welcome guide to an increasingly complex landscape of risk and opportunity." --John Elkington, Author of Green Swans: The Coming Boom in Regenerative Capitalism "Pension investors want to make sure that their pension funds are able to provide their participants with a good pension. At the same time, they also want to contribute to a sustainable world with good quality of life, for current and future generations. Sustainable Investing provides a comprehensive overview with many practical cases that inspire to take action." --Els Knoope, Senior Portfolio Manager, APG Asset Management "This book provides excellent advice for beginners in sustainable investing and also for those more advanced. The concrete examples are helpful and not easy to come by yet in the public space. Recommended reading for investors and the interested public alike." --Eila Kreivi, Director, Head of Capital Markets, European Investment Bank This book reviews the latest methods of sustainable investing and financial profit making and describes how ESG (Environmental, Social, Governance) analysis can identify future business opportunities and manage risk to achieve abnormal returns. Megatrends such as climate change, sustainable development and digitalisation increase uncertainty and information asymmetry and have an impact on the future returns on investments. From a profit perspective, it is largely about how ESG factors affect the long-term value added by companies and the valuation of companies in the financial markets. Although sustainability provides an opportunity for abnormal returns, this phenomenon must be considered in a critical light. The book describes the risks and limitations associated with the accountability and availability of ESG data and tools. This book provides both academic findings and practical models for assessing the sustainability of investees and introduces practical tools and methods to make ESG analysis practice. It focuses on the ESG analysis of equity investments and fund investments in institutional investment organizations and provides a handbook for all investment analysts who are involved with investment decisions. Readers will benefit from understanding the methods, opportunities and challenges that professionals use in their ESG analysis with cases, interviews and practical tools for both institutional and private investors. Tiina Landau is an internationally recognized sustainability expert and Certified European Financial Analyst (CEFA). She currently works as Sustainability Manager at Neste Corporation, embedding sustainability considerations into new business models and supply chains. Previously she served as Senior Responsible Investment Officer at Ilmarinen, a pension investor with 50 billion euros in investment assets and was recognized as a top 50 contributor globally in responsible investments among asset owners in the IRRI survey 2017, voted by professionals in 43 countries. In addition, she has previously worked on sustainable investing at OP Financial Group (80 billion euros in investment assets) and in management consulting at KPMG. She has extensive experience as a speaker in media and seminars and also writes a column in the Finnish financial newspaper Kauppalehti. Hanna Silvola is an Associate Professor of Accounting at Hanken School of Economics, Finland. Her research interests are in sustainable investing and in measuring, reporting and assuring corporate sustainability information in strategic decision-making. She has international experience from the London School of Economics, UK, University of Stanford, USA, Monash University, Australia and the University of New South Wales, Australia. Dr. Silvola has published on a range of topics in accounting in journals such as Accounting, Organizations and Society; Management Accounting Research; Journal of Small Business Management and Journal of Management Accounting Review. She has comprehensive experience as a speaker in media and executive education.

The Market-Driven Supply Chain

By Robert III,Lora CECERE,Gregory P. HACKETT
  • File : Pdf, ePub, Mobi, Kindle
  • Publisher : AMACOM
  • Book Code : 081443164X
  • Total of Pages : 288
  • Category : Business & Economics
  • Members : 537
  • Pdf File: the-market-driven-supply-chain.pdf

Book Short Summary:

Using a sophisticated approach that unifies the three key areas of supply chain strategies, sales and operations planning (SOP), and lean manufacturing, The Market-Driven Supply Chain is the only book that takes a comprehensive approach to succeeding in today’s on-demand environment. You’ll learn how to keep pace with accelerating service demands and response times by: using robust analytics for conducting value segmentations and simulation analyses, developing a customer-centric culture and a collaborative organizational structure, dynamically rebalancing the inventory mix to improve capacity and reduce costs, and retooling twenty-six management processes to achieve market-savvy SOP. Customer demands for individual attention and specialized products are transforming commerce at every stage--including the supply chain. But achieving successful sales processes is not as daunting as it sounds. With ample tools, tips, and case studies, this practical yet expansive book helps organizations ensure those at the end of their supply chain--the customers--remain loyal.

The Nobel Factor

By Avner Offer,Gabriel Söderberg
  • File : Pdf, ePub, Mobi, Kindle
  • Publisher : Princeton University Press
  • Book Code : 1400883415
  • Total of Pages : 344
  • Category : Business & Economics
  • Members : 699
  • Pdf File: the-nobel-factor.pdf

Book Short Summary:

How the creation of the Nobel Prize in Economics changed the economics profession, Sweden, and the world Economic theory may be speculative, but its impact is powerful and real. Since the 1970s, it has been closely associated with a sweeping change around the world—the "market turn." This is what Avner Offer and Gabriel Söderberg call the rise of market liberalism, a movement that, seeking to replace social democracy, holds up buying and selling as the norm for human relations and society. Our confidence in markets comes from economics, and our confidence in economics is underpinned by the Nobel Prize in Economics, which was first awarded in 1969. Was it a coincidence that the market turn and the prize began at the same time? The Nobel Factor, the first book to describe the origins and power of the most important prize in economics, explores this and related questions by examining the history of the prize, the history of economics since the prize began, and the simultaneous struggle between market liberals and social democrats in Sweden, Europe, and the United States. The Nobel Factor tells how the prize, created by the Swedish central bank, emerged from a conflict between central bank orthodoxy and social democracy. The aim was to use the halo of the Nobel brand to enhance central bank authority and the prestige of market-friendly economics, in order to influence the future of Sweden and the rest of the developed world. And this strategy has worked, with sometimes disastrous results for societies striving to cope with the requirements of economic theory and deregulated markets. Drawing on previously untapped Swedish national bank archives and providing a unique analysis of the sway of prizewinners, The Nobel Factor offers an unprecedented account of the real-world consequences of economics—and its greatest prize.