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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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Japan's Monetary Policy
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"The Bank of Japan has followed a much tighter monetary policy over the past 15 years than widely recognised."
Crossborder Capital , Michael Howell
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Greenspan And Gold
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"We have long believed that Fed Chairman Greenspan follows the gold price. During most of his 18-year tenure at the Fed, the gold price has been relatively well-behaved, and indeed spent a long time trading quietly between US$350-400/oz."
Crossborder Capital , Michael Howell
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Exchange Rates and Trade Fallacy
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"The biggest red-herring swimming in economic waters is the importance attached to trade and current account deficits."
Crossborder Capital , Michael Howell
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International Capital Flows and the Emerging-Market Economies
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"The current pattern of net capital flows is more the deviation than the norm. The developing economies in the aggregate swung into current account surplus only in the past decade. Moreover, at present, only a subset of developing economies account for those surpluses, and even those are enjoying substantial gross capital inflows."
Remarks by Governor Randall S. Kroszner
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How We Got Here: A Slightly Irreverent History of Techology and Markets
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Kessler presents an accessibly written history of breakthrough technologies and the markets that funded them. (...) He explains how technologies such as the steam engine, the telephone, and the Global Positioning System developed from unprofitable curiosities into essential investments. Annotation ©2006 Book News, Inc., Portland, OR
HarperCollins Publishers, June 2005 , Andy Kessler
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