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What can investors learn from the Yale-Endowment fund?
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According to Mr Swenson, “Investors generally fail to follow the most basic investment precepts. Instead of concentrating on the central issue of creating sensible long-term asset-allocation targets, investors too frequently focus on the unproductive diversions of security selection and market timing".
Investments Office , Ronald Weber
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The Only Three Questions That Count: Investing by Knowing What Others Don't
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Ken Fisher challenges the conventional wisdoms of investing, overturns glib theories with hard facts, and blows up complacent beliefs about money and the markets. Ultimately, he says, the key to successful investing is daring to challenge yourself and whatever you believe to be true.
Wiley, John & Sons, Incorporated, December 2006 , Kenneth L. Fisher
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Whatever happened to Mother, Bubbles, and Crashes
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I'm fascinated by bubbles and crashes. They have a romantic feel, with all the theatrical elements reflected in a simple chart: enthusiasm, greed, madness, drama, fear, despair, and deception.
Investments Office , Ronald Weber
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Why the US current account deficit is the solution to the problem of world trade!
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"Most people consider the US current account deficit as a problem." But "to trade, the world needs USD and where will the world find USDs if the US doesn't export any?"
GaevKal
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Fools versus Money
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"We never get bored of sayingt it: managing money is often a very simply decision; one needs to know whether there is more money than fools (in which case risky assets tend to do very well) or more fools than money (by which point risk-free assets such as bonds, or cash tend to outperform)."
GaveKal
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The Alchemy of Finance, Really ?!
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I just read The Alchemy of Finance from George Soros (it's never too late!). As much as I was fascinated by Mr. Soros's description of market mechanisms and his reflexivity theory, I found his analysis flawed and mainstream when he begins to make long-term macro-economic predictions.
Investments Office , Ronald Weber
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The P/E Myth
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There is no linkage of market P/Es to subsequent returns--no matter how you measure the ratio and no matter over how long (up to five years) you measure returns.
Forbes, 11.11.02 , Kenneth L. Fisher
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The Alchemy of Finance
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A classic....the book was first published in 1987. Soros' multiple observations on reflexivity theory, markets, science and philosophy, booms and bursts and markets participants are absolutely brilliant.
Wiley, John & Sons, Incorporated, July 2003 , George Soros
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The Education of a Speculator
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In the world according to Victor Niederhoffer, life is speculation and we are all speculators, except when we lose - then we are gamblers. We speculate on our careers, relationships, games, and investments. Life-changing decisions hang on our ability to read and anticipate turns of events.
Wiley , Victor Niederhoffer
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"Night and Day...": Day-Long versus Night-Long in Japan
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Investments Office , Ronald Weber
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