Book Description
Discusses a simple, but effective system for timing market entry. Based on a technique used by the legendary W. D. Gann, who said of this method, "You can make a fortune by following this one rule alone!" Incorporates a technical trading rule, which utilizes a consistently competitive pattern of market behavior. Applies to all markets and to all time periods, whether short term (intraday), intermediate, or long term. Many traders have contacted us months after reading this book and told us it was one of the most useful books on trading they had ever read.
Customer Reviews:
Mischievingly over[priced.......2007-09-18
The quality of book both in content and presentation is low. The writer introduces his recommended technique and then explains some of his experiences and some historical view but without even trying to reason why it happens what happens or to generalize it - what the reader learns is just an opinion that could be heard anywhere from anyone without any sensible support for it. The presentation is also very low quality. It is more like the book is a photocopy of a hand script or something. Bottom line, doesn't worth a penny.
Very basic .......2006-10-26
The whole book talk about just one rule, But the rule is very very important to trading and works in all markets. Sad thing is i could of found out the rule just by doing a lil searching online.
A Practical Manual.......2003-07-15
Mr. Dobson's book gives practical advice on how to enter commodity or stock market positions using one of the simplest and perhaps most reliable tactics: buying or selling 50 percent retracements of major moves. If you believe that the simplest solutions are often the most effective, this book will delight you. It gives a step-by-step system for using the retracement rule to make profitable trades. If your are sometimes overwhelmed by myriad technical market indicators, implementing this simple approach can help cut through the fog of conflicting technical data.
Amazon.com
Even if you never earn more than $50,000 a year, you can still retire a millionaire--just choose to live a disciplined yet fulfilling life. Save and invest at least 10 percent of your income, never buy a new car, focus on the long haul and family, work an extra part-time job--these are among the disciplines that can get you to $1 million and more, write business professors Dwight R. Lee and Richard B. McKenzie in Getting Rich in America. In fact, the authors say, there are eight simple rules that will help enrich your life: Think of America as the land of choices; take the power of compound interest seriously; resist temptation; get a good education; get and stay married; take care of yourself; take prudent risks; and strive for balance. "If you do everything on the list, building a fortune as well as a satisfying life is virtually assured. How could you miss?" write the authors. The most important step: Invest as much of your income as early in your career as possible, in a mutual fund that follows a stock index like the S&P 500. Stash away $2,000 a year beginning at the age of 22 in a fund averaging 15 percent and you could retire at 65 with $6 million. The book features some inspiring vignettes of average Americans turned millionaires. And it provides formulas to calculate your own retirement nest egg based on when and how much you save. For investors and anyone looking for ways to save, Getting Rich in America shows that it isn't as hard as it seems. --Dan Ring
Amazon.com Audiobook Review
Amassing wealth is as simple as distinguishing between what you need and what you want, intones actor Eric Conger, reading the work of economics professors Dwight R. Lee and Richard B. McKenzie. Do you need the new car, or will a used car get you to work and the grocery store just as well? Your eyes may glaze over in certain sections, as Conger reads long if-you-do-this-you'll-save-that lists, but the points made are important. Every dollar you save and invest now is potentially worth $10 or $20 or $100 at retirement. The advice here is remarkably specific, right down to the savings you'll amass from grilling your own steaks in your backyard rather than eating out in a restaurant (about $50 per dinner). Even better, the simplicity of the professors' ideas makes listening to this audiobook tremendously motivational. You'll want to start putting their ideas into practice today, brown-bagging your lunch and leaving your credit cards at home. (Running time: 3 hours, 2 cassettes) --Lou Schuler
Book Description
Picking up where the smash bestseller The Millionaire Next Door leaves off, Getting Rich in America reveals eight simple, practical, commonsense rules anybody can follow to save a million dollars--without sacrificing quality of life.Based on years of research studying self-made millionaires, and a phi-losophy that has proven successful for the authors, internationally acclaimed economists Dwight R. Lee and Richard B. McKenzie unveil a profound truth in the quest to become wealthy: Getting rich is a choice--and choosing to be rich, especially in America, has never been easier.
With its emphasis on achieving balance, Getting Rich in America is filled with exercises and easy-to-execute calculations that reveal how the "little things" really do add up and practical tips for saving and making your money work harder--so you don't have to.
Customer Reviews:
Advice for the fearful!.......2001-05-24
This book was terrible, maybe the worst book I have read on investing. It was so basic I felt like I was in pre-school learning how to tie my shoes. It's a book for whimps who are full of fear and are too scared to do anything with their live's. There is even a section warning you not to use drugs. Come on..... Don't waste your money..........
Time is money. Save both and pass on this one. Really!!.......2001-04-01
First let me say that I bought the audio tape and not the book. The tape is 3 hours in length so I assume it highlights the most important points of the book. (if there were any).
The book does cover 1 or 2 relavant topics like the importance of compounding interest and begining to invest at a young age. However, if you are like me, I was hoping for something a little "meatier." Oh, it does give you many examples of how X dollars over time will turn to millions. My tip if these type examples interest you: buy a calculator.
The other points covered in the book/tape I considered filler waste. For example the author explains that married people are more likely to get rich. He then goes into many statistics about those that are married. Also covered, Why divorce is not good and some tips on how to avoid it. His premice: Married people live longer. If you live longer you'll have more time to save and become rich.
I could go on with examples like the above mentioned but since time is money I'll save a little of both. My point however is this: If you're looking for REAL ways to increase your assets and you comprehend basic concepts like compound interest and time, this book will bore you with off-topic detail.
When I buy a book on this subject, I hope it will be one that has content that I can learn from and refer back to. This book however, is a once read and a waste of time and money.
My tip for getting rich in america is don't buy this book and save your money. Over time it will be much more valuable than the book. If you must own it though, email me and I'll sell you mine.
I hope this review saves someone the disappointment that I went through.
Run, don't walk, to buy this book.......2000-09-20
HI.. I would say most people should run, not walk, to buy this book. It doesn't matter where you are starting from, everyone can benefit from this stuff, and there are a variety of ways to compile wealth that the authors talk about. I found it to be very inspiring and well worth the money. I would recommend it to all my friends, especially those who are befuddled by the markets, because it has simple straightforward advice. good luck to all the savers and investors among us! for socially conscious people, they also tell how to help society (as well as get wealthy.)
The most well rounded financial advice book I've read so far.......2000-08-18
As the name states, this book explains how it is possible to build wealth AND achieve a satisfying life by following a few simple rules. There are no off-the-wall advice or get-rich-quick schemes offered here, unlike the material from some other "financial gurus". All of the principles presented in this book are logically sound and time-proven, but I hesitate to say "common-sense" because so few people actually practice them in reality.
For example, I think we've all heard about the power of compounding--and how it can turn a modest savings into a significant nest egg over time. However, very few people take this to heart and apply it to their daily money management decisions, because they feel it requires too much work or they feel helpless in controlling their expenses. What the authors do is demonstrate, by using specific examples and crunching the numbers, that even minor expenditures today can have significant economic impact down the road. They show that by making certain choices early on in one's life, nearly ANYONE can build a fortune in America. It truly doesn't require a genius or lots of luck to become rich today. Moreover, the authors point out that one doesn't have to sacrifice all of life's pleasures or live like a pauper in order to achieve financial security. All it takes is a little prudent savings and investing. If you believe in the opportunity to achieve wealth in this country, but have trouble getting motivated and taking action, this book is for you.
The chapter on investing is excellent. The authors explain how trying to beat the market is futile, and "safe" returns can be riddled with risk over the long haul (due to inflation). If you believe that you are just as capable of managing your investments as paid experts, you'll like this book.
Most people aren't aware of the return on education; I know I went to college just because it was the thing to do (and my parents wouldn't have it any other way ;) This book describes how increasing one's education level can substantially affect (negatively and positively) one's earnings. It's very interesting reading.
What this book also emphasizes, that most other financial advice books neglect to mention, is that living a good lifestyle is not only satisfying but also FINANCIALLY rewarding. Practicing good ethics enables a person to feel good about him/herself (leading to a more productive life), and making healthy lifestyle choices extends your life (thereby allowing the power of compounding to work longer). If you want validation that doing the right thing and living responsibly is rewarding emotionally AND financially, then read this book.
The only point that I have a minor quibble with is: getting married is good for wealth building. I understand what the authors are trying to say, which (I think) is: being in a committed relationship and having a contributing partner can accelerate the wealth building process. However, I don't believe that the actual marriage contract is necessary for achieving wealth. While marriage may help some couples stay together, it can also provide a false sense of security for others (causing them to stop working as hard on maintaining the relationship). Some people choose not to get married because they have no desire to produce offspring, others do it to avoid the "marriage tax penalty". I think unmarried, committed couples are just as likely to build significant wealth (and live fulfilling lives) as married couples. Anyway, I'm being technical here, and what's important is that the authors do get their point across.
I really liked this book, and I am practicing all the principles described in it. I find my peace of mind higher than ever, knowing that I'm well on the path towards a secure future.
Great Buy (for me).......2000-07-22
I first bought the book, then got the audio book. Wow! Many books focus on just $. Some focus on love. Others focus on only education, while some focus on health. This book covers it all. After all, what is $$ without love, and health. If you're looking for a "feel good" book which you can buy and just throw on the shelf, then DON'T buy this book. If you're looking for an action oriented set of doable wisdom nuggets, buy it. I'm a lazy reader, so I really liked the audio book better. I also recommend Dave Ramsey's More Than Enough; Millionaire Next Door; Multiple Streams of income.
Book Description
When exactly is a ball considered "lost"? When is a "drop" allowed? How does one define "slow play"? These are just a few of the common -- and not-so-common -- questions answered by golfing legend Arnold Palmer in this comprehensive illustrated guide to the rules of the game. Despite the fact that golf has fewer rules than sports like baseball or football, it is a contest of honor, and all players, from tour professionals to weekend hackers, respect the rules. But, as Palmer points out, sometimes the rules are a little confusing -- and from time to time, even the pros are puzzled. Here, in easy-to-follow language, one of golf's greats explains exactly what every golfer should know about the way the game should be played. Also included are anecdotes Palmer has culled from his own career, as well as the infamous moments in golf history that have helped define and test each rule. If you're one of the millions of avid golfers who take to the links every year, need a clear explanation of all the rules of the game you love, and don't want to be left speechless when an argument over the "coefficient of restitution" pops up, then Playing by the Rules is an invaluable guide you'll refer to time and again.
Customer Reviews:
Rules entertaining?.......2003-05-08
This book is a fun way to lookat the rules of golf. The stories also help clear things up. I really like this book and highly recommend it.
Amazon.com
Want to get ahead in the world? To be a player, rather than a ticket holder? A mover and a shaker, rather than the moved or shaken? Lewis Lapham has a formula: Suck up, then suck up some more, and when you're finished with that, try to arrange a dinner with more people you can suck up to. Lapham, the iconoclastic editor of Harper's Magazine, argues that brownnosing has a long tradition in America, and quotes no less a source than Alexis de Tocqueville, who in 1831 was shocked to find that the "courtier spirit" was alive and well in the rough-and-tumble American democracy.
The advice you'll find in Rules of Influence drips with acid, which you'd expect if you read any of Lapham's columns in Harper's, for which he won a National Magazine Award in 1995. But even in the sarcasm, one can find surprisingly practical advice. For example, he notes that "[t]oo much curiosity is a mark of inferior rank. You will be mistaken for a tourist or a waiter" if you ask too many questions. He also notes that the limelight is "[n]ot a safe place.... Too steep an ascent into the atmospheres of fame invites a correspondingly steep descent into the base camp of anonymity." If only Elizabeth Berkley could have read this book before she did Showgirls! --Lou Schuler
Book Description
As the editor of Harper's Magazine, Lewis Lapham has enjoyed entrée to America's "cultural elite," a class distinguished by its talent for currying favor, licking boots, and kissing ass. Now, in this scathingly funny and politically incorrect self-help book, Mr. Lapham offers his best advice to aspiring careerists seeking to ride in helicopters and see themselves on television.
Drawing upon a lifetime of experience among the cogno-scenti, Mr. Lapham breaks rank and reveals the unspoken secrets of getting ahead: what to say, how to dress, when to lie, whom to befriend, where to be seen, and why it is absolutely essential to wear clean shoes. ("The first impression is also the last impression. You don't wish to be remembered as the stain on the rug.")
Anyone interested in self-advancement will be transformed by
Lapham's Rules of Influence, which offers proven nuggets of wisdom. For example, when trying to impress the boss, remember: "Flattery cannot be too often or too recklessly applied. Think of it as suntan lotion or moisturizing cream."
Written with stinging wit and tongue planted firmly in cheek,
Lapham's Rules of Influence is a brilliant critique of class and manners in America, packed with the kind of irreverent observation that only Lewis Lapham can provide.
Seek out the acquaintance of people richer and more important than yourself, and never take an interest in people who cannot do you any favors.
Rumor tinged with malice is the most precious form of gossip. When you are invited to spend a weekend with important journalists or movie stars, it is considered polite to bring four items of unpublished slander in lieu of a house present or a bottle of wine.
Make unsparing use of clichés. The empty word is the correct word. Contrary to the opinion of snobbish New York intellectuals, the placid murmur of cliché is always preferable to the expression of strong feeling, which is an embarrassment.
A truly fashionable dinner party ends at the moment when all the guests have arrived and everybody has been seen or not seen. Once attendance has been taken, the rest of the evening is superfluous.
A good meeting is one at which nothing happens. Sit erect, second all the motions, remember everybody's name.
Customer Reviews:
WARNING: contains 15mg of sarcasm per page.......2002-12-06
An entertaining small book on the art of ingratiation; but only mildly funny for the uninitiated to Washington politics and Hollywood gossiping.
My personal favorite among the "Rules of Influence" can be found on page 57:
"The Distinction between a Winsome Blurb and an Angry Review"
"A winsome blurb is a tribute to the courage of the human spirit; an angry review is an insult to the goodness of your fellowman. Always write the winsome blurb; never write the angry review. [...]"
The funniest thing about my copy of the book was that someone who had borrowed it from the library before me had not realized that Lapham had written his "Rules of Influence" as (sarcastic) advice for sycophants and brownnosers. This unsuspecting reader dutifully marked with an orange highlighter sentences like "the first impression is also the last impression, which is why it is important to always wear clean shoes," or "seek out the acquaintance of people richer and more important than yourself and never take an interest in people who cannot do you any favors," or "Money attaches itself to velocity. Never stay in one job for more than five years, and remember that the most important person is the first one to leave the room. None of the best people travel with luggage or conviction."
For a stronger and truly original dose of sarcasm I recommend Ambrose Bierce's "The Devil's Dictionary" (1911); and if you prefer a more comprehensive view of the art of ingratiation, I suggest the well-researched and very smart "You're Too Kind: A Brief History of Flattery" (2000) by Richard Stengel.
The Modern Courtier Handbook.......2002-10-29
Lapham has written an entertaining, short, tongue-in-cheek book here; you can quickly read in under an hour. The book consists of 2 parts: a 42 page introductory essay, and then about 120 pages of his "rules," with one tip per page (some rules are only a couple lines on an otherwise blank page, which makes for quick reading).
The opening essay makes the argument that the courtier spirit is alive and well in America. In Europe's monarchies centuries ago, success could obtained by flattering the king. But in the US's democracy today, there are actually more 'kings' than there were then: there are CEOs, senators, executives, and editors -- they in turn control financial investments, defense contracts, government subsidies, book publications, and the media. As large corporations, governments and institutions become more pervasive, and power is concentrated into the hands of this new aristocracy, the more important it becomes to use of flattery, connections, networking, tact and image management in order get ahead. This observation is the heart of Lapham's thesis.
To apply this thesis to the real world, Lapham has 120 pages of "tips," many based on his personal experiences. Here's a few of his major points: One should only associate those more important people who can do you favors. When with the powerful, one should be polite, of course, but one should also avoid expressing strong opinions or emotions or ideas (although name-dropping is OK to show how connected you are). When speaking, one should have a certain seriousness and gravitas, but you need not say anything of substance -- he recommends using vague or abstract language full of cliché's & euphemisms, as they can actually a familiar comfort to listeners. Finally, one shouldn't try to be be brilliant or witty in public; realize that since mediocrity is the norm, an excessive display of intelligence could frighten others away.
Overall, Lapham's book was a fun read, though, as one reviewer wrote, it "drips acid." If you're an aspiring social climber or want to shimmy up the corporate ladder, and you're looking for some light reading & some pithy advice, then this book is highly recommended.
Stunning and Simply Amazing.......2002-05-28
Mr. Lapham's book only looks like a lightweight; it delivers a shrewd, tongue-in-cheek take on what it takes get ahead. Lapham lays an incredible yet logical foundation for his work in his introduction by describing the social and economic realities of our age. This incisive groundwork is just one of the reasons that makes this book so potent.
From there he details with elegant aplomb both spectacular and prosaic ways to climb the ladder of success. Particularly interesting to me were tidbits, like those from a wise, experienced uncle, which could garner less respect by virtue of being simplistic notions, however Lapham handles those in an extraordinarily entertaining way, while emphasizing the utility at the same time.
Having lived amidst the exalted lifestyles that power creates, it is Mr. Lapham's assurance of his viewpoint that makes the information in this book so valuable.
This book would make a great gift for the college graduate who desires to make something of him/herself. Its funny, charming, and sometimes delightfully outrageous master ploys are amazing. While it's too early to reveal the results of my subjective testing, suffice to say, you may be very pleased with the results.
Reality based book, humorous because it's true........2001-01-17
I'm an analytical, independent-minded person. As a result, I have missed many opportunities, simply because I didn't know how to act in an appropriate, subordinate way with others.
Lapham is right, "sucking up" is a valuable social skill. If you're a sociopath, don't read this book, since you already know everything. But if you're a reasonable person who has suffered because you don't understand how most people really work, this is the book for you! It is an easy read, and I revisit it often. It takes the stress out of dealing with people.
A Machiavelli for the New Millennium.......1999-10-02
Ostensibly a self-help manual for those seeking to improve their social skills, this book provides a humorous, though scathing, view of modern society on the make. After noting that the percentage of self-employed persons in America has declined from more than 90% in 1900 to approximately 5% today, Lapham makes the sobering observation that the key to success today, as it was in feudal times, is to praise and fawn over the modern-day aristocracy--our corporate and political "leaders."
There will be those who think that Mr. Lapham wildly overstates his case. More thoughtful readers are likely to reach just the opposite conclusion. Like Swift, he is a highly entertaining, yet profoundly depressing, writer.
Average customer rating:
- Not worth beans
- Complete waste of time
- Growing Rich With Growth Stocks
- Common Sense Approach to Investing
- Too much idle chatter and not enough advice
|
Growing Rich with Growth Stocks: Wall Street's Top Money Managers Reveal the 12 Rules for Investment Success
Kirk Kazanjian
Manufacturer: Prentice Hall Press
ProductGroup: Book
Binding: Paperback
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| Business & Investing
| Subjects
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General
| Business & Investing
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Introduction
| Investing
| Business & Investing
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Stocks
| Investing
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ASIN: 0735201536 |
Amazon.com
Chill winds frequently blow through the financial press. If it's not the Y2K thing, it's the simple fact that stocks have been growing so fast for so long that there just has to be a disaster on the horizon. But you'll find no gloom and doom in Getting Rich with Growth Stocks. Kirk Kazanjian retained five top investors to share their secrets and their outlook on the future, and the result is a book that's refreshing to read and easy to absorb. It doesn't mean that there isn't a hurricane brewing somewhere offshore; it just means that after the hurricane has passed through, the warm breezes will return.
The five investors--Donald Yacktman, Robert Stovall, Shelby Davis, Roy Papp, and Elizabeth Bramwell--share a remarkably consistent view of the future: If an investor consistently picks stocks that meet certain criteria (global sales, a high probability of continued growth, low price/earnings ratio relative to the rest of the market), he or she will get very rich.
Likewise, they share a disdain for international stocks (it's cheaper to buy American stocks that do business overseas), trend-of-the-moment plays (what goes up like a skyrocket can and usually does fall like a rock), and market timing (be in the market all the time, they counsel).
Kazanjian organizes their investment advice into a dozen principles, and intersperses profiles of each investor with their respective picks for the "10 growth stocks for the 21st century." Those generally include the usual suspects--Microsoft, GE, Intel, Merck--and are hardly the point of the book. By the time you're done reading this, you should be ready to pick your own high-ceiling stocks, sit back, and imagine those ocean breezes. --Lou Schuler
Book Description
"There have been many books written about financial wizards, but this one is about five Wall Street sages. Read and learn how to quickly apply their 12 logical rules to investing in growth stocks. This is a timely book for all times!" Ralph J. Acampora, CMT Managing Director, Prudential Securities, Inc.
When Donald Yacktman, Shelby Davis, Elizabeth Bramwell, L. Roy Papp, and Robert Stovall talk, investors the world over listen. These experts collectively not only manage billions of dollars, but have also posted some of the best performance results of money managers on Wall Street today. Now noted investment analyst and author Kirk Kazanjian takes readers behind-the-scenes with these luminaries and reveals their most successful investment secrets. As an added bonus, each 'guru' offers his or her top 10 growth stock picks for the next millennium.
Complete with candid, personal biographies that both paint an informative portrait of these money managers and offer an insight into what makes them tick, Kazanjian provides 12 easy-to-follow rules that get right to the heart of knowing how to spot tomorrow's most promising investment's today:
Customer Reviews:
Not worth beans.......2003-05-28
This book is not worth beans. Another group of hucksters trying to make a fast buck.
Complete waste of time.......2001-01-23
Unfortunately the recent bull market has generated an entire group of would-be financial experts. They write useless books on the subject they have hard time grasping. This book is a good example of a book that can actually hurt you as an investor. Mr. Kazanjian obviously has little or no idea about such things as asset allocation and modern portfolio theory. His bright idea is: "Hey, High Tech is hot, put your money into it!". I wonder what exactly Mr. Kazanjian would tell his readers know, when Nasdaq is down, bull market is over and his readers actually lost money. Complete and utter waste of time.
Growing Rich With Growth Stocks.......2000-04-30
Don't buy the book for an entertaining read, unless you just enjoy reading about the personal home life and/or chidhood of famous investors. I found that part irrelevent and very boring.
The book is well worth its price, however, for the top ten growth stock picks by each of the five featured investors. That's really the only information of value in the book, but they probably couldn't sell very many copies of a 5-page book, so you're stuck with the filler.
Common Sense Approach to Investing.......1999-08-22
While this book might not be flashy enough for today's dot.com crowd, which thinks it can make a fortune through rapid day trading, I found it to be excellent reading for those who want to build a solid, long-term stock portfolio. My guess is if you follow the advice in this book, you'll make a ton more money than you will trying to play the day trading game. What's more, I found the investor biographies to be very interesting reading. It was a nice break from other investment books which seem to overlooad readers with a bunch of numbers and jargon. I especially recommend this book to readers who are rather new to investing. It is a fun read that's easy to understand.
Too much idle chatter and not enough advice.......1999-08-05
Over fifty percent of this book is filler, most of it biographies of fund managers and descriptions of their home lives. Most of the advice is pretty generic, none of which gave me any better insight on how to pick growth stocks.
Amazon.com
The Rules for Growing Rich, David Lereah's manual for "Making Money in the New Information Economy," is a sophisticated compilation of tools and suggestions for tackling today's high-tech world of finance. All investors, writes Lereah, chief economist for the Mortgage Bankers Association, now "have almost instantaneous access to an abundance of investment data once available only to professional investors. Understanding how to sort, interpret and evaluate this information is critical in developing successful investment strategies." He subsequently offers authoritative advice on formulating such tactics and applying them in any economic scenario. Lereah begins with solid advice on monitoring the overall economy via cyberspace, pointing out the potential significance of interest rates, employment reports, and other business-cycle indicators (and noting, in each case, online sites that follow them). He then focuses on individual instruments used to act upon this information--stocks, bonds, real estate, options, futures, and international assets--along with investment principles to apply in good times and bad. These 201 resultant rules offer specific guidance for assorted situations, incorporating variables such as housing starts, durable goods orders, and the other regular reports discussed in the preceding section. There is a wealth of counsel here for diligent long-term investors who put in the time necessary to absorb it. --Howard Rothman
Book Description
Today's new information economy has generated unprecedented opportunities for investors. But taking advantage of them requires discipline and a knowledge of econimic trends. There will be recessions and bear markets. There will be recovery periods from recessions. And there will be future bull markets. How does one make sense of these changing economic conditions and make the right investment decisions? Dr. David Lereah shows how the experts do it, and how you can, too.
With the advent of the Internet, ordinary investors now have access to the kind of information traditionally available only to investing professionals. Dr. Lereah levels the playing field by providing investors with the analytical tools they need to really take advantage of that raw information. This accessible format makes the ideas easy to understand and provides bite-sized, practical steps to take based on which way the market is going. Dr. Lereah's practical guide helps investors navigate the peaks and valleys by using the Internet to easily monitor a wide range of economic and investment data -- from inflation and interest rates to price/earnings ratios-- and then managing your portfolio accordingly.
In part one of
The Rules for Growing Rich, Dr. Lereah shows how to be a smart consumer of economic and financial information, including:
-- How to identify business cycles
-- The eight most influential economic reports that you should monitor on a regular basis
-- How the Federal Reserve, market psychology, changing demographics, and other factors influence the investing climate
Then Dr. Lereah shows how to put all of this information together in 168 rules for maximizing your portfolio.
-- 63 rules for investing in stocks
-- 37 rules for investing in bonds
-- 23 rules for investing in real estate
-- 10 rules for investing in options and futures
-- 17 rules for international investing
-- 18 rules for retirement investing
With these rules, investors gain a much clearer understanding of the financial markets and can make profitable investments by more accurately anticipating whether the economy is headed for recession, recovery, or expansion. This is not a book for those who want to make a killing in a day but for those who want to develop a serious, ongoing investment strategy using the clues available about the direction the economy will take in the future.
Customer Reviews:
VERY BAD.......2007-03-06
Rah rah rah! Bull markets never end and you can get rich too!
Yeah, this is the same David LeReah who is the spin-meister for the National Association of Realtors.
His primary role seems to be keeping the band playing on the aft-deck, to keep your mind off the reality that the ship is sinking. He did it in this book, as the beginning of the Dot-Bust started. Now he's doing it again for the Housing Bubble Burst.
An Economist's View of Investment Timing.......2001-01-14
This book has three problems. The first is the premise that rich investors should be changing investments all the time in response to shifts in economic conditions. That is probably the way that fewer people get rich than any other. The second is that you can rely on economic information as it comes out to tell you how the economy is shifting. With revisions and changes in measurements, you usually can only confirm a shift when it is long over. The third weakness is a virtually unlimited faith in Internet related stocks that would have had you buying and holding leaders at the price peak in 2000, and subsequently losing over 80 plus percent of your money. Avoid this book as a investment guide for anything but commercial real estate.
This book's purpose is to "help investors make the connection among the Internet, the economy, and investments." Where the book succeeds is in identifying the places where you can get information on the Internet about economic conditions and investments. But there are better books for this purpose, so that is not enough of a reason to buy the book.
Dr. Lereah states that successful investing is based on these rules: "Utilize your knowledge of the economy with Internet-driven investments, information, and understand historical economic relationships."
Basically, the philosophy is "buy and hold" for Internet stocks and shift in and out of all other classes of investments. That's just the opposite of what you should be doing. Very few investors should be trying to time stock and bond investments. The track record of professional investors (who do look at this sort of information) is very sorry. Over long time periods, less than 15 percent can beat the market averages. I suggest you read John Bogle's Common Sense on Mutual Funds to see the folly of Dr. Lereah's approach.
Internet stocks are usually ridiculously overpriced, so buying and holding is a tough way to make money. These are great trading stocks on the way up, and even better stocks to sell short when the bubble bursts. Even after Internet stocks have been devastated (like now), they are still overpriced in every case I can find.
Some of the book's rules do make sense, such as the idea of having goals. But because the book covers so much ground, the subject is reviewed in such a few words that you don't get enough advice about how to do this. On the good subjects, you will feel like you are covering 123 cities in Europe in 15 days. You will see something, but your head will spin from information overload, and you will not quite understand what you are seeing as a result.
What you can use this book for is buying and selling commercial real estate. Economic conditions are very critical in that area. As a mortgage economist, obviously Dr. Lereah should know that area and his advice is sound.
My suggestion is that you use the occasion of reading this review to consider whether you have set appropriate financial goals for yourself. If you have not, certainly do that before seeking financial advice from investment books, Internet resources, or financial advisors.
Learn that the keys to wealth begin with appropriate financial goals.
Wrong title, wrong size.......2000-08-17
This is not a book for growing rich, it only explains some basics of the US economy. The author repeats itself too much, maybe it could have been a better book if it had less than 100 pages and not 300
Making Sense Out of Diverse Market Forces.......2000-08-14
Even sophisticated investors will learn a great deal from this well-organized book as to how various market/economic indices, economic trends and business developments are likely to affect financial markets. While many of the rules will be "old-hat" for some investors, the rules regarding the likely market impacts of economic developments, Federal Reserve actions and releases of government statistics and reports are outstanding and will help even knowledgable investors make sense out of the myriad of complex factors that drive stock prices in today's marketplace. I recently appled Mr. Lereah's rules to my own portfolio and avoided July's downturn in technology stocks, saving me almost $75,000. Maybe just luck, but I think not.
Extremely Relevant Resource for Successful Investing.......2000-08-09
Although the writing was dry in some places, this book reads well and contains really relevant information about how changes in the economy affect the value of investments. This book is useful for anyone looking to understand how and why monthly economic reports move the market and it ties in using the Internet for monitoring such data. I would recommend this book highly to anyone who wants a primary investment reference and a set of sound investment rules to make money in today's dynamic new economy.
Average customer rating:
- What a Relief - the Truth About Lawyers from a Lawyer
- A DEVIOUS BOOK
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Malice Aforethought: How Lawyers Use Our Secret Rules to Get Rich, Get Sex, Get Even...and Get Awaywith It
David W. Marston
Manufacturer: William Morrow & Company
ProductGroup: Book
Binding: Hardcover
Ethics
| Business Life
| Business & Investing
| Subjects
| Books
Ethics & Professional Responsibility
| Law
| Subjects
| Books
General
| Law
| Subjects
| Books
General
| Law Practice
| Law
| Subjects
| Books
General
| Sociology
| Social Sciences
| Nonfiction
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Ethics & Professional Responsibility
| Law
| Professional & Technical
| Subjects
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ASIN: 0688077056 |
Customer Reviews:
What a Relief - the Truth About Lawyers from a Lawyer.......2004-08-15
I read this book in one sitting. While addressing a very serious problem in our society (the legal profession) David Marston does it with great humor and absolute fact. He exposes the "Lawyers' Club" and he confirms the suspicions we all have about the legal system -- it's all about the money. I only wish I had read "Malice Aforethought" before I paid outrageous fees to too many dishonest lawyers.
Linda Costanzo
A DEVIOUS BOOK.......2000-01-16
MARSTON, A LAWYER HIMSELF, REVEALS MUCH ABOUT THE BUSINESS OF LAW. ONE OF THE BEST BOOKS ABOUT THE REASONS THE JUDICIAL SYSTEM OF THIS COUNTRY, LO, THE PLANET, DOESN'T WORK VERY WELL. THE CHAPTERS ARE SHORT AND THRILLING...WITH LITTLE PUBLICIZED ANECDOTES. READS LIKE THE WIND.
Average customer rating:
- A Valuable Book from one of the Leaders in the Business
- Excellent Resource for Researchers and Non-Researchers Alike
- Business intelligence
- Great Book
- chairman, Ries & Ries
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From Research to Riches: The Secret Rules of Successful Marketing
Jim Nelems
Manufacturer: Longstreet Press
ProductGroup: Book
Binding: Hardcover
General
| Business & Investing
| Subjects
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Advertising
| Marketing & Sales
| Business & Investing
| Subjects
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General
| Marketing
| Marketing & Sales
| Business & Investing
| Subjects
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Research
| Marketing
| Marketing & Sales
| Business & Investing
| Subjects
| Books
ASIN: 156352709X |
Book Description
This book reveals the true secrets of market research and lays out useful information the author has learned during his long career.
Customer Reviews:
A Valuable Book from one of the Leaders in the Business.......2007-08-10
From Research to Riches is a must read for anybody who is a purchaser of market research services. Mr. Nelems doesn't waste words in this tightly written explanation. Covering all of the basics, he lays out in clear detail what everyone should know about sampling error, focus groups, random sample and other key ideas. I've known Jim for a number of years now and there is no better person to explain some of the mysteries and fallacies surrounding this business.
Excellent Resource for Researchers and Non-Researchers Alike.......2003-05-14
This book is a great resource for any marketer - from full time research managers to those who simply conduct projects occasionally. This book does a great job explaining common research pitfalls and gives the reader a clear roadmap for conducting actionable research.
Business intelligence.......2003-04-16
Many people believe that marketing research is a panacea that solves their problems and insulates them from failure. Others think that it's a colossal waste of money. In this book you'll learn that both points of view are wrong. Research is a tool for business intelligence, and like all tools, it is only as good as the person who wields it. As a nationally recognized research practitioner, Jim Nelem's has successfuly packaged a terrific overview of the discipline with practical advice that can guide the novice and hone the skills of experienced marketers. It's not a dry acamemic treatise, rather it's filled with humorous anecdotes that serve to entertain, as well as to illustrate a point. He begins with a brief history and definition of terms which, as an experienced marketer, I almost skipped over. I'm glad I didn't! I discovered some interesting and useful gems of information, plus it served as a reference for the ensuing discussion of the different types of research, the applications they are best suited for, and the pitfalls to be avoided. Nelems chonicles the 25 most common mistakes and tells you how to achieve the best possible outcomes.
Most important, I found useful and practical information here that is vital to properly collecting and synthesizing the right data into meaningful business intelligence. Acting on that information, businesses can create better products, enhance services, build customer loyalty and get repeat business. Oh, and by the way, it will also improve your ability to communicate your message!
This is an essential addition to any marketing and/or business library!
Great Book.......2003-02-24
Great information for all marketers - will help establish goals and direction for your next research study as well as aid in interperting the results
chairman, Ries & Ries.......2003-01-04
"Finally, someone shines a spotlight on the shoddy work that often passes for marketing research. Before you commission your next study, read Jim Nelem's new book and you'll greatly improve your odds of getting the right answers."
Book Description
Golfer's Dream-Enough Details and Trivia to Entertain Every Golf Fanatic
Packed with information about the game of golf, its rich history, the great players and outstanding personalities, tours and tournaments, proper etiquette, as well as anecdotes, trivia, and jokes, The Everything Golf Book really does have it all! Whether you are an avid player or an enthusiastic spectator, you'll find something new for you.
From bunker shots to golfing buddy movies, this one volume highlights everything you need to know to thoroughly enjoy the game of golf.
Customer Reviews:
Good introduction to golf.......1998-06-02
This book will enable the beginning golfer to carry a reasonably intelligent conversation while hitting the links the first time. A couple of minor rules errors (e.g., a provisional ball should be hit from the place the lost ball was hit, not from the place the golfer thinks it got lost) do nothing to detract from the enjoyment of this book, and it is truly useful. While the free lesson given in this book will do nothing to help your game (never take a lesson from someone who hasn't played the game in years), this book will definitely help you on the 19th hole.
Jack of all trades and master of none.......1997-10-02
If you are into a bit of golf trivia, history, or even instruction this is your book. The only problem is, none of these areas are covered in depth. I was a bit disappointed.
Books:
- Triumphs and Tragedies of the Modern Presidency: Seventy-Six Case Studies in Presidential Leadership (paperback)
- Ulysses S. Grant : Memoirs and Selected Letters : Personal Memoirs of U.S. Grant / Selected Letters, 1839-1865 (Library of America)
- Unwise Passions : A True Story of a Remarkable Woman and the First Great Scandal of 18th Century America
- Visions of Politics
- W. E. Gladstone III: Autobiographical Memoranda, 1845-1866 (Prime Ministers' Papers)
- Who's Running America? The Bush Restoration (7th Edition)
- 90 Minutes in Heaven: A True Story of Death & Life
- A Border Passage: From Cairo to America--A Woman's Journey
- Al Gore: A User's Manual
- America Alone: The End of the World as We Know It
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