Warren Buffett S Ground Rules

Author: Jeremy Miller
Editor: Profile Books
ISBN: 1782832149
Size: 20,65 MB
Format: PDF
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At the age of 26, Warren Buffett founded Buffett Partnership Limited, which lasted from 1956 to 1970. During this time he wrote 33 letters to his small but growing group of partners. These letters chronicle his thoughts, approaches and reflections in the period immediately prior to his Berkshire Hathaway tenure - one that saw an unprecedented record of investing success. This early period was astonishing: in 1968 he beat the Dow by more than 50%. Because Buffett wanted to ensure that his partners understood his process, he wrote letters. In them, he sets out what he termed "ground rules" for investing that remain startlingly relevant today for every type of investor - from beginners to sophisticated pros. Warren Buffett's Ground Rules brings together, for the first time, and with Buffett's blessing, the key investment principles and teachings the letters reveal. Here you will find the basis for Buffett's contrarian diversification strategy, his almost religious celebration of compounding interest and his tactics for bettering market results by at least 10% annually. Quoting extensively and directly from Buffett, equity research expert Jeremy Miller introduces us to the timeless advice the letters contain, demonstrating a set of highly effective investment strategies that continue to resonate today.

Summary Of Warren Buffett S Ground Rules Words Of Wisdom

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Hubristic Leadership

Author: Eugene Sadler-Smith
Editor: SAGE Publications Limited
ISBN: 1526453231
Size: 13,80 MB
Format: PDF, Kindle
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Investigating the societal, economic, financial and reputational costs of hubristic leadership, with insights into the characteristics and causes of this phenomenon, and recommended safeguards to avoid hubris from happening in the first place. As research into hubristic leadership becomes increasingly popular following recent political developments, the book adopts an inter-disciplinary approach to investigating this form of leadership. Outlining what causes hubristic leadership in the first place, the author looks at how it’s potentially destructive consequences can be anticipated and avoided through an informed stance of moderation, critical analysis and reflexivity. Examples are drawn from business and politics including the Lehmann Brothers, BP and Deepwater Horizon, Blair and Bush in the Iraq Invasion, NASA, and Donald Trump. Ideal reading for undergraduate and postgraduate students in business and management, leadership, and organizational behaviour. Check out the Hubris Hub for further information on hubristic leadership, including a regularly updated blog written by author Eugene Sadler-Smith.

Superinvestors

Author: Matthew Partridge
Editor: Harriman House Limited
ISBN: 0857195980
Size: 11,18 MB
Format: PDF, ePub, Docs
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The Wisdom Of Finance

Author: Mihir Desai
Editor: Profile Books
ISBN: 1782834222
Size: 11,41 MB
Format: PDF, Mobi
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Longlisted for the FT & McKinsey Business Book of the Year Award 2017 Finance is shrouded in mystery for outsiders, while many insiders are uneasy with the disrepute of their profession. How can finance become more accessible and also recover its nobility? Harvard Business School professor Mihir Desai takes up the cause of restoring humanity to finance. With deft wit, he draws upon a rich knowledge of literature, film, history, and philosophy to explain finance's inner workings. Through this creative approach, he shows that outsiders can easily access the underlying ideas and insiders can reacquaint themselves with the core values of their profession. This combination of finance and the humanities creates unusual and illuminating pairings: Jane Austen and Anthony Trollope are guides to risk management; Jeff Koons becomes an advocate of leverage; and Mel Brooks' The Producers teaches us about fiduciary responsibility. In Desai's vision, the principles of finance also provide answers to critical questions in our lives: bankruptcy teaches us how to react to failure, the lessons of mergers apply to marriages, and the Capital Asset Pricing Model demonstrates the true value of relationships. The Wisdom of Finance is a wholly unique book, offering an enlivening new perspective on one of the world's most complex and misunderstood professions.

Deep Value

Author: Tobias E. Carlisle
Editor: John Wiley & Sons
ISBN: 1118747852
Size: 17,86 MB
Format: PDF, ePub
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The economic climate is ripe for another golden age of shareholder activism Deep Value: Why Activist Investors and Other Contrarians Battle for Control of Losing Corporations is a must-read exploration of deep value investment strategy, describing the evolution of the theories of valuation and shareholder activism from Graham to Icahn and beyond. The book combines engaging anecdotes with industry research to illustrate the principles and methods of this complex strategy, and explains the reasoning behind seemingly incomprehensible activist maneuvers. Written by an active value investor, Deep Value provides an insider's perspective on shareholder activist strategies in a format accessible to both professional investors and laypeople. The Deep Value investment philosophy as described by Graham initially identified targets by their discount to liquidation value. This approach was extremely effective, but those opportunities are few and far between in the modern market, forcing activists to adapt. Current activists assess value from a much broader palate, and exploit a much wider range of tools to achieve their goals. Deep Value enumerates and expands upon the resources and strategies available to value investors today, and describes how the economic climate is allowing value investing to re-emerge. Topics include: Target identification, and determining the most advantageous ends Strategies and tactics of effective activism Unseating management and fomenting change Eyeing conditions for the next M&A boom Activist hedge funds have been quiet since the early 2000s, but economic conditions, shareholder sentiment, and available opportunities are creating a fertile environment for another golden age of activism. Deep Value: Why Activist Investors and Other Contrarians Battle for Control of Losing Corporations provides the in-depth information investors need to get up to speed before getting left behind.

The Invisible Customer

Author: Cobus Van Graan
Editor: Trafford Publishing
ISBN: 1425122507
Size: 17,50 MB
Format: PDF, Docs
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It's the quality, not the quantity, of a business's customers that fuels growth. Learning how to identify the right customers and nurture the right relationships with them yields spectacular results.

The Taboos Of Leadership

Author: Anthony F. Smith
Editor: John Wiley & Sons
ISBN: 9780787996406
Size: 13,42 MB
Format: PDF, Mobi
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The Case For Socialism Updated Edition

Author: Alan Maass
Editor: Haymarket Books
ISBN: 1608461084
Size: 10,29 MB
Format: PDF, Mobi
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Is socialism an impossible, discredited dream or the only realistic path for human survival? If you're not sure of the answer, or are just curious about what the Left really believes in, you need to read Maass. He's the Tom Paine of the contemporary American left." --Mike Davis, author of Planet of Slums "This is a vivid, fluent and rare book about socialism for those uninterested in tracts and excited by new prospects." --John Pilger, author of Freedom Next Time Growing numbers of people are disgusted by the disaster of poverty, war, oppression, and environmental destruction caused by global capitalism. But is there an alternative? Author Alan Maass argues that socialism—a democratically planned economy based on workers’ control—is rational, necessary, and possible. With an afterword by Howard Zinn. Alan Maass is the editor of the website SocialistWorker.org.

Quantitative Value

Author: Wesley R. Gray
Editor: John Wiley & Sons
ISBN: 1118416554
Size: 16,39 MB
Format: PDF, Docs
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A must-read book on the quantitative value investmentstrategy Warren Buffett and Ed Thorp represent two spectrums ofinvesting: one value driven, one quantitative. Where they align isin their belief that the market is beatable. This book seeks totake the best aspects of value investing and quantitative investingas disciplines and apply them to a completely unique approach tostock selection. Such an approach has several advantages over purevalue or pure quantitative investing. This new investing strategyframed by the book is known as quantitative value, a superior,market-beating method to investing in stocks. Quantitative Value provides practical insights into aninvestment strategy that links the fundamental value investingphilosophy of Warren Buffett with the quantitative value approachof Ed Thorp. It skillfully combines the best of Buffett and EdThorp—weaving their investment philosophies into a winning,market-beating investment strategy. First book to outline quantitative value strategies as they arepracticed by actual market practitioners of the discipline Melds the probabilities and statistics used by quants such asEd Thorp with the fundamental approaches to value investing aspracticed by Warren Buffett and other leading value investors A companion Website contains supplementary material that allowsyou to learn in a hands-on fashion long after closing the book If you're looking to make the most of your time in today'smarkets, look no further than Quantitative Value.