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Money Machine

The Surprisingly Simple Power of Value Investing

(Autor)

Buch | Hardcover
320 Seiten
2017
Amacom (Verlag)
978-0-8144-3856-5 (ISBN)
29,95 inkl. MwSt
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The stock market is not a get-rich-quick scheme for gamblers trying to fund next summer's exotic vacation. But it's still the best way to achieve the financial success you've always dreamed of--including a whole bunch of vacations later in life!
It's time to put your money to work the smart way and stop chasing quick payoffs that never turn out. That seductive stock tip you just overheard? That's your ticket to flushing your savings down the toilet. The story you saw on a promising new product? Only those who invested before the story came out have any chance of a solid payout. If you want to succeed in the market, you need to learn how to invest based on value, selecting stocks that will continue to enrich you for years to come.Money Machine looks at Wall Street wonders Warren Buffet, Benjamin Graham, and other legends and shares how you, too, can utilize their secrets to unimaginable success! By learning the keys to value investing, you will discover how to:* Judge a stock by the cash it generates* Determine the stock's intrinsic value* Use key investment benchmarks such as price-earnings ratio and dividend-price ratio* Recognize stock market bubbles and profit from panics* Avoid psychological traps that can trip you up* And more!Investing in the market doesn't have to be reckless speculation. Invest in value, not ventures, and find the financial success all those gamblers are still looking for!

Gary Smith, Ph.D., is a professor of economics at Pomona College. His research has been featured in The New York Times, The Wall Street Journal, Forbes, Motley Fool, Newsweek, and BusinessWeek.

CONTENTS





Forewordxi

Introductionxiii



Part I: Value Investing

1. Seeing Through the Hype3

2. Speculation Versus Investing6

3. Semi-Efficient Markets10

4. Torturing Data31

5. Baubles and Bubbles45

6. Intrinsic Value61

7. Investment Benchmarks79

8. The Conservation of Value111

9. We're Only Human124



Part II: Value Investing Applied

10. The Right Attitude147

11. KISS158

12. Timing the Market169

13. Picking Stocks176

14. Closed-End Funds 200

15. Special Opportunities214

16. Investing in Your Home241

Appendix to Chapter 16259



Afterword: Summing It Up263

References271

Index293

Erscheinungsdatum
Sprache englisch
Maße 165 x 235 mm
Gewicht 575 g
Themenwelt Sachbuch/Ratgeber Beruf / Finanzen / Recht / Wirtschaft Geld / Bank / Börse
Wirtschaft Betriebswirtschaft / Management Finanzierung
ISBN-10 0-8144-3856-3 / 0814438563
ISBN-13 978-0-8144-3856-5 / 9780814438565
Zustand Neuware
Informationen gemäß Produktsicherheitsverordnung (GPSR)
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