´´Die größten Investoren aller Zeiten´´ was genau macht sie eigentlich zu dem, was sie sind? Und wie kann der Durchschnittsinvestor von den Erfahrungen dieser Koryphäen profitieren? Diesen Fragen geht Glen Arnold in seinem Buch nach. Und sein Konzept überzeugt. Es gelingt ihm, die spezifischen Stärken von Buffett, Soros und Co herauszuarbeiten, ohne die Schwächen unter den Teppich zu kehren. Und er arbeitet dort die feinen Unterschiede heraus, wo andere Autoren alles in einen Topf werfen. So entstehen lebendige und fundierte Porträts der erfolg- und einflussreichsten Börsengurus des 20. und 21. Jahrhunderts. Die auch für Laien verständliche Darstellung ermöglicht es dem Kleinanleger, in den Fußstapfen der ´´Großen´´ zu wandeln und zeitlos gültige Strategien für das eigene Portfolio umzusetzen.
Als Investor kennen Sie Gold, Silber und vielleicht Platin. Doch was ist mit Antimon, Zirconium, Gallium und vielen mehr? Das Stichwort lautet strategische Metalle . Von LED-Leuchte bis Dünnschicht-Fotovoltaik in den nächsten Jahren werden wir den Einsatz einer Vielzahl neuer Technologien erleben. Dies wird bei bestimmten Rohstoffen zu einer massiven Erhöhung der Nachfrage führen. Das Verhältnis von Angebot und Nachfrage spricht bereits jetzt bei zahlreichen Metallen für steigende Preise. Davon können Anleger profitieren wenn sie wissen, wie, wo und in welcher Form man diese Rohstoffe erwerben kann. Die Autoren möchten ihre Leser auf eine bisher kaum beachtete Anlageklasse aufmerksam machen strategische Metalle in physischer Form. Nach der Lektüre wissen Sie, welche Rohstoffe besonders aussichtsreich sind und wie Sie vorgehen können, wenn Sie diese physisch kaufen möchten. Dies ist das erste Buch aus dem Sektor, das von einem Praktiker aus dem Metallhandel und einem Analysten zusammen geschrieben wurde.
An updated look at best rules of investing provided by two of the world´s greatest financial thinkers In the updated edition of The Elements of Investing, authors Charles Ellis and Burton Malkiel--two of the world´s greatest financial thinkers--have again combined their talents to produce a straight-talking book about investing and saving. Written with every investor in mind, this reliable resource will put you on a path towards a lifetime of financial success. Page by page, Malkiel and Ellis skillfully focus their message to address the essentials and offer a set of simple, but powerful thoughts on how to avoid Mr. Market and his ´´loser´s game,´´ and instead enjoy the ´´winner´s´´ approach to investing. All the investment rules and principles you need to succeed are here--with clear advice on how to follow them. * Shows you how to focus on the long term instead of following market fluctuations that are likely to lead to costly investing mistakes * Contains investment insights that can carry you all the way to, and through, retirement * Written by Burton G. Malkiel, the bestselling author of A Random Walk Down Wall Street, and Charles D. Ellis, the bestselling author of Winning the Loser´s Game A disciplined approach to investing, complemented by understanding, is all you need to enjoy success. This practical guide explains what you really need to know and puts you on the right course for long-term success through all kinds of markets.
A comprehensive value investing framework for the individual investor In a straightforward and accessible manner, The Dhandho Investor lays out the powerful framework of value investing. Written with the intelligent individual investor in mind, this comprehensive guide distills the Dhandho capital allocation framework of the business savvy Patels from India and presents how they can be applied successfully to the stock market. The Dhandho method expands on the groundbreaking principles of value investing expounded by Benjamin Graham, Warren Buffett, and Charlie Munger. Readers will be introduced to important value investing concepts such as ´´Heads, I win! Tails, I don´t lose that much!,´´ ´´Few Bets, Big Bets, Infrequent Bets,´´ Abhimanyu´s dilemma, and a detailed treatise on using the Kelly Formula to invest in undervalued stocks. Using a light, entertaining style, Pabrai lays out the Dhandho framework in an easy-to-use format. Any investor who adopts the framework is bound to improve on results and soundly beat the markets and most professionals.
The go-to guide for smart REIT investing The Intelligent REIT Investor is the definitive guide to real estate investment trusts, providing a clear, concise resource for individual investors, financial planners, and analysts--anyone who prioritizes dividend income and risk management as major components to wealth-building. Later this year, the REIT industry will experience a watershed event when Standard & Poors creates a new Global Industry Classification Standard (GICS) sector called Real Estate. On September 1st, publicly traded equity REITs will be removed from Financials, where they have been classified since their creation in 1960, and begin trading as their own S&P Sector. This separation from banks and financial institutions already is attracting new investors, but REITs require an industry-specific knowledge that is neither intuitive or readily accessible to newcomers--until now. Using straightforward language and simple example to illustrate important concepts, this book will enable any reader to quickly learn and understand the lexicon and valuation techniques used in REIT investing, providing a wealth of practical resources that streamline the learning process. The discussion explains terminology, metrics, and other key points, while examples illustrate the calculations used to evaluate opportunities. A comprehensive list of publicly-traded REITs provides key reference, giving you access to an important resource most investors and stockbrokers lack. REITs are companies that own or finance commercial rental properties, such as malls and apartment buildings. Despite historically high total returns relative to other investments, such as the Nasdaq or S&P 500 index, most investors are unfamiliar with the REIT industry, and wary of investing without adequate background. This book gets you up to speed on the essentials of REIT investing so you can make more informed--and profitable--decisions. Understand REITs processes, mechanisms, and industry Calculate key metrics to identify suitable companies Access historical performance tables and industry-specific terminology Identify publicly-traded REITs quickly and easily REITs have consistently outperformed many more widely known investments. Over the past 15-year period, for example, REITs returned an average of 11% per year, better than all other asset classes. Since 2009, REITs have enjoyed positive returns; large cap stocks and cash are the only other classes that paralleled that record. Even in 2015, a ´year of fear´ related to rising rates, REITs returned 2.4%, beating most all other asset classes. REITs have a long history (over fifty years) of performance, and are about to enter the big leagues. If you feel like you´ve been missing out, don´t keep missing out. Prepare yourself, and your portfolio, to benefit from the demand for REITs that will follow the creation of a Real Estate GICS sector. The Intelligent REIT Investor gives you the information you need to invest wisely and manage your real estate risk effectively. By maintaining a tactical exposure in the brick and mortar asset class, investors should benefit from the information contained in The Intelligent REIT Investor. Join the REIT world and look forward to owning stocks that will help you to sleep well at night.
When you think about investing, what words come to mind? Overwhelming? Intimidating? Scary? Investors face a vast array of investment options vying for their business. They are aware that some of those providing these ´´opportunities´´ seek to take advantage of them. And although most investors realize they are fallible, they often have no clear idea why or what they can do about it. So what chance do less savvy investors have navigating the investment minefield and emerging unscathed? The answer is not much-unless they recognize the pitfalls along the way. In this book, H. Kent Baker and Vesa Puttonen show new investors how to avoid rash financial decisions and basic investing sins. They help them to recognize and avoid common investing mistakes, behavioral biases, and traps that can affect sound judgment and reduce wealth. Ultimately, they explain how to separate investment fads from time-tested investment principles-a task that is easier said than done, but that is well worth the effort. Navigating the Investment Minefield is essential reading for novice investors, and it is of keen interest to more seasoned investors seeking a refresher course on the most basic, time-honored truths of wealth management.
This work provides guidance on legal and regulatory risks, and the protection of the investor, throughout the investment cycle, analysing financial investments, their markets, the market infrastructure, and the roles and responsibilities of financial intermediaries.
The incredible true story of a group of elite investors who believed they could beat the market and, like alchemists, create limitless wealth for themselves and their partners. In fact, they created a trillion-dollar hole in the international banking system.
From the man whom Robert Hagstrom, Jr., author of ´´The Warren Buffett Way´´, calls ´´the dean of financial analysis´´ comes a timely reissue of the 1937 first edition of this classic investor´s business reference. ´´´´All investors, from beginners to old hands, should gain from the use of this guide, as I have.´´ From the Introduction by Michael F. Price, president, Franklin Mutual Advisors, Inc.´´ Benjamin Graham has been called the most important investment thinker of the twentieth century. As a master investor, pioneering stock analyst, and mentor to investment superstars, he has no peer. The volume you hold in your hands is Graham´s timeless guide to interpreting and understanding financial statements. It has long been out of print, but now joins Graham´s other masterpieces, The Intelligent Investor and Security Analysis, as the three priceless keys to understanding Graham and value investing. The advice he offers in this book is as useful and prescient today as it was sixty years ago. As he writes in the preface, ´´if you have precise information as to a company´s present financial position and its past earnings record, you are better equipped to gauge its future possibilities. And this is the essential function and value of security analysis.´´ Written just three years after his landmark Security Analysis, The Interpretation of Financial Statements gets to the heart of the master´s ideas on value investing in astonishingly few pages. Readers will learn to analyze a company´s balance sheets and income statements and arrive at a true understanding of its financial position and earnings record. Graham provides simple tests any reader can apply to determine the financial health and well-being of any company. This volume is an exact text replica of the first edition of The Interpretation of Financial Statements, published by Harper & Brothers in 1937. Graham´s original language has been restored, and readers can be assured that every idea and technique presented here appears exactly as Graham intended. Highly practical and accessible, it is an essential guide for all business people--and makes the perfect companion volume to Graham´s investment masterpiece The Intelligent Investor.