Author: Leon Levy
Publisher: PublicAffairs
ISBN: 0786730153
Category : Business & Economics
Languages : en
Pages : 237
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Book Description
As stock prices and investor confidence have collapsed in the wake of Enron, WorldCom, and the dot-com crash, people want to know how this happened and how to make sense of the uncertain times to come. Into the breach comes one of Wall Street's legendary investors, Leon Levy, to explain why the market so often confounds us, and why those who ought to understand it tend to get chewed up and spat out. Levy, who pioneered many of the innovations and investment instruments that we now take for granted, has prospered in every market for the past fifty years, particularly in today's bear market. In The Mind of Wall Street he recounts stories of his successes and failures to illustrate how investor psychology and willful self-deception so often play critical roles in the process. Like his peers George Soros and Warren Buffett, Levy takes a long and broad view of the rhythms of the markets and the economy. He also offers a provocative analysis of the spectacular Internet bubble, showing that the market has not yet completely recovered from its bout of "irrational exuberance." The Mind of Wall Street is essential reading for all of us, whether we are active traders or simply modest contributors to our 401(k) plans, as volatile and unnerving markets come to define so much of our net worth.
Author: Karen Ho
Publisher: Duke University Press
ISBN: 0822391376
Category : Social Science
Languages : en
Pages : 390
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Book Description
Financial collapses—whether of the junk bond market, the Internet bubble, or the highly leveraged housing market—are often explained as the inevitable result of market cycles: What goes up must come down. In Liquidated, Karen Ho punctures the aura of the abstract, all-powerful market to show how financial markets, and particularly booms and busts, are constructed. Through an in-depth investigation into the everyday experiences and ideologies of Wall Street investment bankers, Ho describes how a financially dominant but highly unstable market system is understood, justified, and produced through the restructuring of corporations and the larger economy. Ho, who worked at an investment bank herself, argues that bankers’ approaches to financial markets and corporate America are inseparable from the structures and strategies of their workplaces. Her ethnographic analysis of those workplaces is filled with the voices of stressed first-year associates, overworked and alienated analysts, undergraduates eager to be hired, and seasoned managing directors. Recruited from elite universities as “the best and the brightest,” investment bankers are socialized into a world of high risk and high reward. They are paid handsomely, with the understanding that they may be let go at any time. Their workplace culture and networks of privilege create the perception that job insecurity builds character, and employee liquidity results in smart, efficient business. Based on this culture of liquidity and compensation practices tied to profligate deal-making, Wall Street investment bankers reshape corporate America in their own image. Their mission is the creation of shareholder value, but Ho demonstrates that their practices and assumptions often produce crises instead. By connecting the values and actions of investment bankers to the construction of markets and the restructuring of U.S. corporations, Liquidated reveals the particular culture of Wall Street often obscured by triumphalist readings of capitalist globalization.
Author: Timothy P. Vick
Publisher: McGraw-Hill Companies
ISBN: 9780071342056
Category : Investments
Languages : en
Pages : 0
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Book Description
Step-by-step instructions for "value investing"--the time-honored approach proven to work in all markets. 20 graphs. Charts.
Author: Joel Ponzio
Publisher: Simon and Schuster
ISBN: 1440519757
Category : Business & Economics
Languages : en
Pages : 248
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Book Description
"Look at market fluctuations as your friend rather than your enemy; profit from folly rather than participate in it." —Warren Buffett Investors shouldn't hate the market because of its up and downs. They should capitalize on it—and give a middle finger to those brokers wasting their time (and money) buying and selling, viewing investing as just buying stocks and not taking ownership of a company. In this book, Joe Ponzio gives an "f-you" to Wall Street and teaches you how to become a sharp value investor who uses economic downturns to your advantage. By buying into companies you believe in—but that may be selling for less than their intrinsic value, like high-end retailers in a weak market and discount retailers in a strong one—you will profit from their long-term performance. It's the perfect guide for anyone fed up with Wall Street's bull.
Author: Andrew Smithers
Publisher: McGraw Hill Professional
ISBN: 9780071387835
Category : Business & Economics
Languages : en
Pages : 374
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Book Description
Valuing Wall Street is a book on investments.
Author: Janet Lowe
Publisher: Penguin
ISBN: 0140255346
Category : Business & Economics
Languages : en
Pages : 273
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Book Description
“No intelligent investor should fail to read and understand the works of Benjamin Graham. This fine book provides a bird’s-eye view of his investment perspectives; it is also a compelling biography of his remarkable life.”—John Bogle, chairman and founder, Vanguard Group An accesssible guide to the philosphy and ideas of "the father of value investing", Benjamin Grahm. The late Benjamin Graham built a fortune following his own advice: Invest in low-priced, solidly run companies with good dividends. Diversify with a wide variety of stocks and bonds. Defend your shareholders’ rights. Be patient and think for yourself. In an era when manipulators controlled the market, Graham taught himself and others the value of reliable information about a company’s past and present performance. Times and the market have changed but his advice still holds true for today’s investors. In Benjamin Graham on Value Investing, Janet Lowe provides an incisive introduction to Graham’s investment ideas, as well as captivating portrait of the man himself. All types of investors will learn the insights of a financial genius, almost as though Graham himself were alive and preaching his gospel.
Author: N G Fosback
Publisher:
ISBN: 9788170944409
Category :
Languages : en
Pages : 0
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Book Description
Over 500,000 Copies Sold World-Wide Few financial endeavours have occupied the time of more men over more years with less success than attempting to 'beat the market'. So many have tried and failed that it has become popular to believe that no one can consistently outperform the averages. Fosback proclaims, 'Nothing could be further from the truth! Some investors, utilizing more sophisticated approaches than the public at large, can earn above-average returns, year in and year out.' This book will show you how. Written by one of America's most prominent investment advisers, Stock Market Logic contains hundreds of priceless investment techniques, indicators and ideas.
Author: Burton G. Malkiel
Publisher: W. W. Norton & Company
ISBN: 0393340740
Category : Business & Economics
Languages : en
Pages : 493
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Book Description
Presents an informative guide to financial investment, explaining how to maximize gains and minimize losses and examining a broad spectrum of financial opportunities, from mutual funds to real estate to gold.
Author: James P. O'Shaughnessy
Publisher: McGraw Hill Professional
ISBN: 0071469613
Category : Business & Economics
Languages : en
Pages : 433
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Book Description
"A major contribution . . . on the behavior of common stocks in the United States." --Financial Analysts' Journal The consistently bestselling What Works on Wall Street explores the investment strategies that have provided the best returns over the past 50 years--and which are the top performers today. The third edition of this BusinessWeek and New York Times bestseller contains more than 50 percent new material and is designed to help you reshape your investment strategies for both the postbubble market and the dramatically changed political landscape. Packed with all-new charts, data, tables, and analyses, this updated classic allows you to directly compare popular stockpicking strategies and their results--creating a more comprehensive understanding of the intricate and often confusing investment process. Providing fresh insights into time-tested strategies, it examines: Value versus growth strategies P/E ratios versus price-to-sales Small-cap investing, seasonality, and more
Author: Rana Foroohar
Publisher: Crown Currency
ISBN: 0553447254
Category : Business & Economics
Languages : en
Pages : 402
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Book Description
Is Wall Street bad for Main Street America? "A well-told exploration of why our current economy is leaving too many behind." —The New York Times In looking at the forces that shaped the 2016 presidential election, one thing is clear: much of the population believes that our economic system is rigged to enrich the privileged elites at the expense of hard-working Americans. This is a belief held equally on both sides of political spectrum, and it seems only to be gaining momentum. A key reason, says Financial Times columnist Rana Foroohar, is the fact that Wall Street is no longer supporting Main Street businesses that create the jobs for the middle and working class. She draws on in-depth reporting and interviews at the highest rungs of business and government to show how the “financialization of America”—the phenomenon by which finance and its way of thinking have come to dominate every corner of business—is threatening the American Dream. Now updated with new material explaining how our corrupted financial system propelled Donald Trump to power, Makers and Takers explores the confluence of forces that has led American businesses to favor balance-sheet engineering over the actual kind, greed over growth, and short-term profits over putting people to work. From the cozy relationship between Wall Street and Washington, to a tax code designed to benefit wealthy individuals and corporations, to forty years of bad policy decisions, she shows why so many Americans have lost trust in the system, and why it matters urgently to us all. Through colorful stories of both “Takers,” those stifling job creation while lining their own pockets, and “Makers,” businesses serving the real economy, Foroohar shows how we can reverse these trends for a better path forward.
