Book Description
Praise for Crash Proof
"The dot-com implosion proves that we all need Peter Schiff's vision of investing.?His view is so global and so unique in its approach, and at a time when we all should be looking to crash-proof our portfolios, Schiff offers us this much-needed life-raft."
—Liz Claman, Cohost, CNBC Morning Call
"For those accustomed to America's economic dominance, Crash Proof is a frighteningly forthright wake-up call. But Peter Schiff is one Cassandra whose voice deserves your rapt attention. Devoid of the usual Wall Street spin, this frank and prophetic read will make you reconsider the very foundations on which your financial house is built."
—Jonathan Hoenig, Portfolio Manager, Capitalistpig Hedge Fund LLC and FOX News Channel analyst
"Schiff does an outstanding job of outlining the dangers to individual investors of the current economic environment and presents a plausible plan about how to deal with the risks."
—David W. Tice, Portfolio Manager, Prudent Bear Funds
"A sober assessment of the financial problems facing our country. Reading this book will prepare you for potential outcomes that Wall Street and the mainstream financial media are completely unaware of."
—Bill Fleckenstein, founder and President of Fleckenstein Capital and MSN.com Money columnist
Customer Reviews:
VERY INFORMATIVE!.......2007-10-22
This book of Peter Schiff was great! In a time when "classical economics" is scoffed at, Peter stands tall. While most networks and commentators scoffed Peter, he is being vindicated now. Of course now all, including Paulson, say how could we have known. Perhaps by listening to the reasoning Peter gives in this book! (Reviewed by Pat Travis)
Crash Proof.......2007-10-14
I think the author presents a very good case that our economy is vulnerable and cannot continue on its present path without collapse at some point.
Would be good, if everybody reads this book.......2007-10-14
This book should be read by everybody starting from high-school seniors. It's especially true for the first part of the book, which explains current status of US economy while providing short and necessary references to the past history.
Get out of the US Dollar.......2007-10-13
An excellent read. Interestingly enough, many of his predictions have already come true.
Don't go down with the sinking ship! Read it, and get a few extra copies for your loved ones, or anyone you know who doesn't like to lose money.
Crash Proof by Peter Schiff.......2007-10-11
Great book. Contains a good deal of very useful information and is written in an easy to understand manner even when dicussing complicated economic theory.
Product Description
The Great Bust Ahead is a concise, straight to the point short book laying out in stark terms the case for a coming depression of historically unprecedented magnitude. It will be worse than the 1930s, beginning nominally in 2012, but perhaps as early as 2009-2010 and lasting up to thirteen years. Centered on hard fact demographics, the book boldly claims that the data presented are so irrefutable, that the outcome predicted by the book is equally as irrefutable. The compelling proof presented accurately accounts for the detailed trend of the economy from 1920 to today (something never before accomplished), and projects out to 2030. The book is very easy to read and understand, and requires no prior knowledge of economics. Down to earth things the average person can do to prepare for what is coming are covered. A summary of the catastrophic domestic social and international consequences is offered.
October 2007 Update: In 2002 when this book was published, in addition to the massive depression beginning around the end of the decade, it forecast:
1. The economy, as reflected by the DJIA, would resume its upwards march in late 2002 or 2003.
This is exactly what happened.
2. The DJIA would have a snapback to 13,000 to 14,000 and the FTSE to 6,000 to 7,000 by 2004, but delayed possibly by wars/politics/terrorism/scandals.
This is exactly what has happened. Although the full snapback has been delayed for the reasons described, the DJIA has now closed over 14,100 and the FTSE over 6,700.
3. The DJIA returns from 2003 to 2012 would average a historically long-term normal of 7% to 8%. So far, with the delayed full snapback for the reasons described, DJIA actual returns have averaged a more modest 5.8%, as would be expected.
4. Interest rates would increase from 2003 onwards.
This is exactly what has happened.
Customer Reviews:
It is just an indicator!.......2007-09-12
Everyone is forgetting that the book is talking about a correlated indicator for the DJIA. There are many things that drive an economy and make things happen like the weakening dollar, monstrous deficits, the Federal Reserve, cheap credit and the housing market bubble, peak oil, etc. These are some of the things that move the DJIA, NOT just demographics. The fact that the 45-54 age group correlates to the DJIA is very interesting and CAN be used to predict what MAY happen to the DJIA in the long term. Demographics of the 45-54 age groups are a strong force pushing the markets, but not the only thing. Even the author says that some things like "the New Deal, the pill and the NASDAQ" affect the correlation with this indicator. The politicians and Wall Street are not going to lie down and let this monstrous depression happen without a fight. They my not win the War, but where the DJIA goes in the future has not been case in stone. The future highs and lows of the DJIA are still unpredictable.
The book is a high school treatise on this relationship and to the economically ignorant is a real eye opener. Most economists know about this force, but the key is what to do about it and when. The author's advice to get out of the markets by 2010 is silly at best. We are now in September of 2007 and the housing market bubble burst is probably the beginning of the down turn of the markets. Wait until 2010 to protect your assets and you will far less assets to protect. The author's advice to sell your home and rent and plow your money into bonds is simplistic at best. Investing in gold, foreign currencies, TIPS etc. to protect your assets are other stratigies that are not addressed. We are all speeding towards this economic depression, but the answers to when it will happen and what to do about protecting your assets is NOT even close to being addressed by this book. The book is $8.95 and you get what you pay for, "a wakeup call for the economically ignorant". Read the book and move onto a more advanced book for a better in depth discussion on economics and your money like "The Second Great Depression (Paperback) by Warren Brussee (Author)". I do agree that a lot of pain is ahead for the world.
Not Bad But Too Short and Too Extreme.......2007-08-22
Let me start by saying that this is a pretty good book for the price and if you don't know what is going on in the economy. The problem is that the book has very limited data to back up the predictions. If you are going to make huge predictions you had better justify it with a lot of credible data that has been referenced. As well, some of the predictions are just too extreme. However, all of these shortcomings aside, the author provides a nice short treatment on what will most likely occur; just not to the extent he has presented in my opinion. Of course, opinions are like debt in America - everyone has their own!
A much more useful book in my opinion is "Cashing in on the Real Estate Bubble." It not only shows you many different ways to profit from the current bubble collapse, but it also shows a lot of detail about the economy and how to profit from America's overall credit bubble. Cashing in on the Real Estate Bubble
Interesting theory but..........2007-07-09
This book is short and easy to read. The author has an interesting concept that the stock market follows the number of Americans at their peak buying age. His graphs and explanations on modifying factors make everything fit. I agree that some correction of our economy (inflation, recession, or worse) is likely in the future, but I feel other factors (energy issues, our national debt, terrorism, etc.) will come into play that he has not taken into account. I also don't agree with his investment suggestions and feel they may be reckless.
If you're concerned about possible bad times ahead, this is one book that may helpful, but I better liked the reasoning and proposals on what to do in Stephen Leeb's book The Coming Economic Collapse: How You Can Thrive When Oil Costs 200 Dollars a Barrel.
Excellent Read.......2007-05-14
Pros:
1. Brief: to the point, no fluff book(let)
2. Logical: Numbers support theory all along
3. Simple: Easy to understand
4. Value: Could save your shirt
Cons:
1. May sound too negative
2. May not consider all factors into forecasting
Pretty interesting read.......2007-05-12
This book and the argument that it lays out is pretty eye-opening. It shows you, through logical argument, how the demographics of our country will impact our coming future economic health. With these baby-boomers greying and falling from their peak spending years, our country will experience a downshift that will really challenge our concept of prosperity... A must read!
Book Description
"This is a definitive, excellent book on Elliott, and I recommend it to all who have an interest in the Wave Principle." Richard Russell, Dow Theory Letters
"Gold and Silver Today wholeheartedly endorses this book. It is the definitive work on a scientific wave theory of human experience. If you are interested in technical or wave analysis, it should be required reading." Gold & Silver Today
"This book is extremely well done. It is clear, brief and bold....by far the most useful and comprehensive for both the beginner and the veteran." William Dilanni, Wellington Mgmt. Co.
"An outstanding job...I don't think a better basic handbook of Elliott Wave theory could be written." Donald J. Hoppe, Business and Investment Analysis
"...A top-drawer reference for serious technical analysts....all the nuts and bolts necessary to do their own Elliott Wave assembly." Futures Magazine
"Chapter Three is the best description of Fibonacci numbers we've seen in print and that alone is worth the price of the book." Janes Dines, The Dines Letter
"In a third of a lifetime in this business, this was the first time I really understood Elliott, and this is certainly the first book on Elliott that I could recommend. All the methods that Prechter has used so successfully are fully described in this book." The Professional Investor
"Elliott Wave Principle is such an important, fascinating, even mind-bending work, we are convinced that it should be read by and and every serious student of the market, be they fundamentalist or technician, dealing in stocks, bonds or commodities." Market Decisions
"Even allowing for minor stumbles, that 1978 prediction must go down as the most remarkable stick market prediction of all time." James W. Cowan, Monitor Money Review
Recipient of the Technical Analysis Association's Award of Excellence
Customer Reviews:
Book I was Looking For.......2007-10-11
This is kind of book I was looking for to enhance my basic knowledge about Elliott Wave Theory. First Two chapters of the Book explains in simple language about the basics of Elliott Wave priciple and How to count and identify the wave and trading opportunities. Second Chapter imparts you about application aspect of Elliott Wave priciple such as, Ratio analysis,Longterm Wave formation principle and different approaches to wave principle.
Finnaly the Apendix LONGTERM FORECAST UPDATE,1982-1983 summarises the entire principle and provide you an insight.
Prechter & elliott wave international .......2007-04-26
Prechters view is markets peaked in wave 5 in year 2000.
Never called the bottom in 2002, and stated the
high of year 2000 would not be surpassed.
Well 7 years later the DOW has indeed surpassed the year 2000 high!
High of 2000 was ~12000, today it is ~13000 !!!
Listening to his advice would cost one dearly.
Not only missing out on the recent market rise, but also constantly
pushing one to take a bearish stance against the market during the
entire rise over the past 5 years, while the market was rising!
Amazing.......2007-01-23
That's amazing book to a small investors. It will show to you the behavior of stock market. But you must read it at least twice in order to get everything you need to know.
The landmark book that sparked my love for financial markets as a child.......2006-12-18
No matter what you think about Elliott Wave, Technical Analysis or Robert Prechter, this book is a classic in its field and the definitive introduction to Elliott Wave.
For me, this was - the - book that deepened my love of financial markets as a child, it's influence on me was profound in many ways. I still remember buying it after having saved up $50 to purchase it as an expensive import in the early 1980s when I was in my early teens. I carefully read each page as if it was gold thinking the secrets of the universe were slowly being explained to me... and this was before Prechter gained legendary status in 1987. I met Prechter in 1990 at a speech he was giving in Australia and was struck at his love for markets and for Elliott Wave. It impacted me powerfully at the time that in between speeches he was calling his office to get market updates. He's dedicated his entire life to Elliott Wave with passion and love and I really admire that.
I've learned a lot since those days, including the danger of relying on any forecasting method as being the holly grail. Elliott Wave is not something I've traded with in many years and I believe it would be very challenging to do so profitably without substantial work and going much beyond the information contained in this volume. Personally, I think the theory has a lot of validity, and blends well with Fibonacci, it's just that getting it to work is challenging. I also am not all that keen on some of his more modern day extensions like the double and triple threes that kind of get labeled x-y-z-a-b-c-d-e-f-g-h etc. it's just going to far IMHO. I also the power now of mindsets, I spent most of the 1990s thinking we were certain for another great depression and while that could eventually happen, it was a mindset that held me in place of contraction and fear for one of the greatest periods of growth in my history... a major lesson for me around beliefs and the need not to get caught up in theories. I still think though that Elliott Wave offers profound and valuable insights into human and market behavior.
It's no secret Prechter's basic forecast has been wrong for something approaching fibonacci 21 years... there's no doubt though that he thinks differently, very differently and also truly in a contrary fashion as is evidenced in much of his written forecasts in the EWT publication over the years and other books. He's a sharp thinker and much of that can be seen in this volume. And, to his credit, he's not been afraid to put his forecasts in writing or to stand behind them.
The book consists of a comprehensive introduction to the theory Elliott Wave, true to the work of R.N. Elliott himself. Most of the other books or published work on Elliott will have been based on this work, so it's important to start here with your study of Elliott. The first part consists of the basic tenets, associated rules and guidelines with many diagrams and charts to illustrate the concept, a discussion of the historical and mathematical background including a comprehensive discussion of Fibonacci numbers. The second part of the book involves the practical application. The authors being brave enough to keep the work from older editions of the book with forecasts and guidelines intact. There's a little discussion of cycles and other theories including Dow Theory and the Kondratieff Wave. The Elliott Wave theory is applied to stocks and gold with detailed forecasts and descriptions and in my book, the forecast for the 1990s with great detail and discussion as to the reasons for the forecast.
If you like this book, you may also find useful some of the work by Bryce Gillmore (from Australia) in his two hard to find (and more recent) volumes.
This was, and I think still deserves recognition as being a ground breaking book in technical analysis.
Best wishes for your trading and thank you to Robert Prechter and A. J Frost for a such a wonderful piece of work.
No delivery.......2006-11-03
I have not received my order yet although you said I could expect the delivery in early September.
Book Description
Market Models provides an authoritative and up-to-date treatment of the use of market data to develop models for financial analysis. Written by a leading figure in the field of financial data analysis, this book is the first of its kind to address the vital techniques required for model selection and development. Model developers are faced with many decisions, about the pricing, the data, the statistical methodology and the calibration and testing of the model prior to implementation. It is important to make the right choices and Carol Alexander's clear exposition provides valuable insights at every stage.
In each of the 13 Chapters, Market Models presents real world illustrations to motivate theoretical developments. The accompanying CD contains spreadsheets with data and programs; this enables you to implement and adapt many of the examples. The pricing of options using normal mixture density functions to model returns; the use of Monte Carlo simulation to calculate the VaR of an options portfolio; modifying the covariance VaR to allow for fat-tailed P&L distributions; the calculation of implied, EWMA and 'historic' volatilities; GARCH volatility term structure forecasting; principal components analysis; and many more are all included.
Carol Alexander brings many new insights to the pricing and hedging of options with her understanding of volatility and correlation, and the uncertainty which surrounds these key determinants of option portfolio risk. Modelling the market risk of portfolios is covered where the main focus is on a linear algebraic approach; the covariance matrix and principal component analysis are developed as key tools for the analysis of financial systems. The traditional time series econometric approach is also explained with coverage ranging from the application cointegration to long-short equity hedge funds, to high-frequency data prediction using neural networks and nearest neighbour algorithms.
Throughout this text the emphasis is on understanding concepts and implementing solutions. It has been designed to be accessible to a very wide audience: the coverage is comprehensive and complete and the technical appendix makes the book largely self-contained.
Market Models: A Guide to Financial Data Analysis is the ideal reference for all those involved in market risk measurement, quantitative trading and investment analysis.
Customer Reviews:
Very shallow.......2005-03-11
You can google in 10 minutes more relevant information than this book is able to provide. It's OK if you need to pick up some terminology and get a rough idea of what it all means before an interview. Totally useless if you need it for work.
Comprehensive, lack in depth and poor organization.......2005-01-23
For a starter, this book does offer a broad spectrum of subjects, volatility/variance measurement, PCAs, Factor Models, Time Series analysis, high frequency data modeling, etc, at the expense of rigor and depth.
Desipite the academic pedigree the author enjoys and the educational career she had, the book is rather poorly organized from a pedagogical point of view. She seems to have a tendency to refer to expressions, notions, ideas, data which appear much later than where the reference takes place. This makes first-timers cringe as they go through the chapters as they are laid out. It reads much like some published papers got dumbed down, and bundled together.
If you are looking for comprehensive introduction, without the gory details of mathematical mumblejumble, this book might be of help. But it may not be used as a reference book, for its organization and for its lack of rigor.
Worth the money.......2003-08-28
If you are looking for detailed rigorous mathematical development then look elsewhere, that is not the reason to purchase this book. It is targeted towards application and there it excels. I have not seen any other book on this topic that so effectively presents a level-headed applied approach that keeps the basic assumptions of the models firmly in sight.
What tool fits when is nicely discussed.
Nice book.......2003-06-21
I will consider this book as a good introduction to different ways to analyze market data (covering mainly equity but do touch on fixed income as well as currency). I would emphasize that the book model the market more from an empirical point of view. The author gives a good description of the GARCH model as well as PCA analysis. Being a fixed income derivatives trading, I find both sections particularly useful for real world trading. The risk modeling section should expand into topics other than VAR such as coherent risk measures which are more useful. The co-integration section is a must for any traders who want to trade mean-reversion or stats arbitrage.
Overall, I think that the book covers all basic to intermediate mathematics, econometrics and finance necessary for anyone who wants to model market data. The book explains how to use such model for trading, risk management as well as market data visualization / understanding.
Nice book.......2003-06-21
I will consider this book as a good introduction to different ways to analyze market data (covering mainly equity but do touch on fixed income as well as currency). I would emphasize that the book model the market more from an empirical point of view. The author gives a good description of the GARCH model as well as PCA analysis. Being a fixed income derivatives trading, I find both sections particularly useful for real world trading. The risk modeling section should expand into topics other than VAR such as coherent risk measures which are more useful. The co-integration section is a must for any traders who want to trade mean-reversion or stats arbitrage.
Overall, I think that the book covers all basic to intermediate mathematics, econometrics and finance necessary for anyone who wants to model market data. The book explains how to use such model for trading, risk management as well as market data visualization / understanding.
Book Description
From the world's foremost authority on chart analysis-- a practical new treatise on mastering powerful trading tools and systems
In the sequel to his best-selling book, The New Science of Technical Analysis, Tom DeMark refines the most popular and precise of his indicators with exacting new attention to real-time trading applications. For the first time, DeMark shares his powerful new indicator, TD Combo, which when combined with the highly popular Sequential Combination is a powerful new tool for understanding market rhythm and calculating price points.
THOMAS DeMARK (Phoenix, Arizona) and his technical indicators have been a major force at some of the largest and most successful trading operations in the world, including his own firm, Devan Capital.
Customer Reviews:
tour de force of technical d'avant garde.......2007-10-23
After reading this book, I understood wholeheartly why so many institutional traders employ Demark's ideas and concepts in their operations. As you know, they are no dummies when it comes to markets. They breathe, eat, and sleep with markets on daily basis. And they use the most ruthless weapons in their arsenals. Tom Demark's tools are exactly just that, sharp cold steely market weapons. Needless to say, I learned a lot from this book. In fact, more so than his previous book.
Professional / amateur divide.......2007-08-08
This is the first time I've commented on a book here on Amazon before reading it.
What strikes me is that the reviews can be broken up into two camps:
- trading professionals working in the industry, who have the indicators already programmed on their terminals, and who have the incentive to use them
- trading amateurs, either complaining about the poor structure, layout or grammer used in the book, or who don't have the means or the ability to program the indicators for themselves.
With this in mind I ordered the book, figuring that I would much rather trade on the same side as the professionals. I gave it four stars so as not to unduly influence the book's current rating.
The methodology in this book made me a professional.......2007-06-04
I took the leap to professional trader after I seriously studied Tom DeMark and the methodologies in this book. My analysis, trading and most importantly, my money making, went to another level. There is a reason that SAC, Paul Tudor Jones and others have relied on Tom DeMark over the years. Retail traders are mostly unaware of these indicators but hedge fund professionals on trading desks all over the world know the name DeMark.
Practical, Useful and Worth Keeping Near Your Terminal.......2007-03-08
Mr. DeMark has put together a practical collection of indicators which investors -- of all time frames -- can use to enhance their profitability.
This book also complements his video series where some of the indicators in this book are described.
Like most technical analysis books, the material presented shares its roots with methods described in many earlier works. However, learning Mr. DeMark's implementation of them will add another dimension to your understanding of technical analysis (on macro and micro levels), and will also improve your bottom line.
Completely Dessapointed.......2006-11-02
The first book of DeMark was good but this one is not a book, is like some manual for some software. All indicators are copyrighted, so you have to use one of the charting software indicated and even doing that you don't have access to the code.
You can't write your own for the software are you using or modify some because there is no formulas explained.
Is like to buy a car and you can't see inside the engine, touch them, stripping, etc. You only can drive.
It's shame, a complete waste of time and money.
At the begging he mention Larry Williams. I suppose if Larry
it had kept the Williams %R formula in the secret he would be one of the most popular traders known.
The dumb trader: pays for a profits promise when buying something, and indicator, an expert, a system.
The smart trader says: before pay, show me the profits an then we see.
Book Description
Millions of traders participating in today’s financial markets have shot interest and involvement in technical analysis to an all-time high. This updated edition of Technical Analysis from A to Z combines a detailed explanation of what technical analysis is and how it works with overviews, interpretations, calculations, and examples of over 135 technical indicators—and how they perform under actual market conditions. Enhanced with more details to make it easier to use and understand, this book reflects the latest research findings and advances. A complete summary of major indicators that can be used in any market, it covers:
• Every trading tool from the Absolute Breadth Index to the Zig Zag
• Indicators include Arms Index, Dow Theory, and Elliott Wave Theory
• Over 35 new indicators
Customer Reviews:
Technical tool encyclopedia.......2007-06-10
If you are looking for a technical tool reference book for your investing/trading library this is the one. This book covers (in alphabetical order) every trading tool I am aware of including the O' Neal CAN SLIM method, trend lines, volume, stochastics, Williams %R, every kind of moving average, candlestick charting, decline/advance, oscillators and just about everything else you will run across in trading stocks. The author gives an overview of the indicator, the interpretation, an example, then shows how to calculate it with the mathematical formulas used and a table for reference. I read this book from cover to cover and learned a great deal. I believe it is a must have for beginners if you are serious about using technical tools to time your trades correctly at proper buy points.
Good perspective on technical analysis........2007-05-25
Steven Achelis does a pretty decent job of showing what the stock market really is: just a big jumble of numbers completely determined by human emotion. And because pretty much anything involving human emotion is cyclical, it also becomes somewhat predictable.
This book presents an excellent selection of technical indicators that do a number of different things. It also presents formulas for most of the indicators.
Not only Technical Analysis..........2007-04-30
... but also a well written understanding of the mathematical models that make them work. If you trade with indicators, you need this book along with "Pring".
Good Reference, but weak on advice........2007-02-01
As the title says, this covers technical analysis (the analysis of securities based on price patterns) from A to Z, that is to say all the various approaches are covered alphabetically. Everything is covered but not in extensive detail. Each approach is covered in terms of an overview of the approach, an interpretation of the approach, and an example (generally with suitable graphs). No attempt is made to inject the author's preferences or any statistical analysis of the effectiveness of the approach. As such, this is more of a dictionary than a book on investment advice. This is not to say that dictionaries are useless, they are very useful, but they are not the same as a book on how to write. This book will tell you what the particular system is, not whether it is any good. Also, there are many variations of most of the systems and many different values for the parameters used by the systems, so other references will be required if you actually want to apply any of these approaches. The reader should be forewarned, however, that Technical Analysis is only one approach to the market. Many believe that this approach is little more than tealeaf reading and they rely on the analysis of the fundamentals of the balance sheet of the company and its prospects for future growth.
Dictionary with concise commentary and examples.......2006-12-17
Extremely pleased with the purchase and reading experience. The book covers everything I know about and much more that I didn't. I was able to make oscillators, from the explanations given, on excel and was able to make the charts. The Chande Momentum Oscillator is an added, and needed, tool for my analysis for investment. I bought this book because it was the one called out in the Yahoo charts trying to explain the Stoch Oscillator; which, I wanted to understand, and now do.
Book Description
FINANCIAL PLANNING FOR THE CHANGING NEEDS OF AN AGING SOCIETY
"Cutler has hit a financial literacy home run. He has done an outstanding job of educating the professional working with the mature market about the psychology and complexity of the Wealth Span and about the financial issues and products that figure prominently in executing a successful strategy for older clients and families. This book is about as comprehensive as you can get for understanding the nuances of financial planning for mature consumers. It is filled with information, insight, resources, and (thankfully!) humor!"
-John N. Migliaccio, PhD, President, Maturity Mark Services Co.
"Learning across disciplines will be the way of the future. Dr. Cutler is in the unique position to authoritatively discuss advising mature clients from both the gerontological and financial planning perspectives. This latest in the Lasser Pro Series is sure to be a must for anyone who wants to do holistic financial planning for older clients."
-Kenn Beam Tacchino, JD, LLM, Professor of Taxation and Financial Planning, Widener University; Editor, Journal of Financial Service Professionals
"Dr. Cutler has written a cutting-edge guide for the myriad professionals who advise mature clients and adult children of older parents. His book is timely, much needed, and will undoubtedly become the definitive reference for practitioners and students of aging and the economics of aging."
-Lois A. Vitt, PhD, Director, Institute for Socio-Financial Studies; Editor-in-Chief, Encyclopedia of Financial Gerontology
"Dr. Cutler has provided a valuable resource to those of us in the financial industry. He has provided clear, concise commentary on the issues facing our aging population with actionable suggestions for the financial advisor. I highly recommend it to my fellow professionals."
-Kelly B. Auslander, CFP, President, American Financial Advisors, Inc.
Please visit our Web site at www.jklasser.com
Customer Reviews:
Excellent reference for both advisors and their clients.......2002-04-29
As an attorney-at-law, I found that "Advising Mature Clients" by Dr. Neal E. Cutler has given me a new perspective on analyzing, and on advising older clients about, the increasingly complex series of decisions we all seem to face as we age.
On a personal level, I found the book to be filled with information that is easy to understand and is well-indexed for use by the advisor as well as by those whom he/she advises. Its multi-disciplinary focus gives one an easy depth of understanding of the breadth of Gernontology, and financial & social issues that need to be considered, in just a few hours of study of the clear, concise tables, facts, and figures, which are presented in logical fashion.
The chapter on costs and financial benefits of Long Term Care Insurance alone is worth the price of the book. Strategies and alternatives to pay for Long Term Care Insurance are set forth, along with the sobering financial burden long term care imposes, and the alarming rate of increase in long term care costs, compared to the more affordable insurance premiums.
This book should be kept as a desk reference and ready authoritative source of information, to share with clients who have questions or concerns on any aspect of the topics of Wealth Span Planning and Financial Gerontology.
Excellent reference for both advisors and their clients.......2002-04-29
As an attorney-at-law, I found that "Advising Mature Clients" by Dr. Neal E. Cutler has given me a new perspective on analyzing, and on advising older clients about, the increasingly complex series of decisions we all seem to face as we age.
On a personal level, I found the book to be filled with information that is easy to understand and is well-indexed for use by the advisor as well as by those whom he/she advises. Its multi-disciplinary focus gives one an easy depth of understanding of the breadth of Gernontology, and financial & social issues that need to be considered, in just a few hours of study of the clear, concise tables, facts, and figures, which are presented in logical fashion.
The chapter on costs and financial benefits of Long Term Care Insurance alone is worth the price of the book. Strategies and alternatives to pay for Long Term Care Insurance are set forth, along with the sobering financial burden long term care imposes, and the alarming rate of increase in long term care costs, compared to the more affordable insurance premiums.
This book should be kept as a desk reference and ready authoritative source of information, to share with clients who have questions or concerns on any aspect of the topics of Wealth Span Planning and Financial Gerontology.
Product Description
Nicks total career blueprint: a system for building (or converting to) a planning-oriented, fee-based advisory career. This book replaced The Excellent Investment Advisor after six years and the worst bear market in a generation. But the fundamental messages of optimism, of equities, of the incalculable value of a plan and a planner have never been delivered so clearly or forcefully.
Customer Reviews:
For Financial Advisors and other professionals.......2005-05-26
Nick Murray does an excellent job at raising the standards of the financial professional beyond a simple product pusher to being a serious professional. It is important for advisors to follow some of the advice he gives here.
Not always applicable.......2005-01-25
are the tenets of Murray's book, to an advisor who has been in the business for a while already. This may be the ultimate blueprint for someone just entering the business (and I would recommend for that purpose). But for those somewhat established, Murray presents the blueprint without providing solutions or specific course of action to "get there". Everyone's recipe for success will be somewhat different, but having this roadmap to being a successful advisor, albeit in theory more than substance, can set the path for a long and successful financial practice.
GREAT BOOK!.......2004-02-03
A must read for all who have an investment license!
Book Description
This book offers an in-depth and up-to-date review of different statistical tools that can be used to analyze and forecast the dynamics of two crucial for every energy company processes—electricity prices and loads. It provides coverage of seasonal decomposition, mean reversion, heavy-tailed distributions, exponential smoothing, spike preprocessing, autoregressive time series including models with exogenous variables and heteroskedastic (GARCH) components, regime-switching models, interval forecasts, jump-diffusion models, derivatives pricing and the market price of risk.
Modeling and Forecasting Electricity Loads and Prices is packaged with a CD containing both the data and detailed examples of implementation of different techniques in Matlab, with additional examples in SAS. A reader can retrace all the intermediate steps of a practical implementation of a model and test his understanding of the method and correctness of the computer code using the same input data.
The book will be of particular interest to the quants employed by the utilities, independent power generators and marketers, energy trading desks of the hedge funds and financial institutions, and the executives attending courses designed to help them to brush up on their technical skills. The text will be also of use to graduate students in electrical engineering, econometrics and finance wanting to get a grip on advanced statistical tools applied in this hot area. In fact, there are sixteen Case Studies in the book making it a self-contained tutorial to electricity load and price modeling and forecasting.
Book Description
This essential addition to the acclaimed Portable MBA Series contains an important group of concepts and skills in order to understand the business environment along with a framework for making business decisions. Demonstrates how to assess economic news and apply this information to business forecasting and such problems as pricing product and whether to initiate a marketing campaign. Features an economic tool kit which explains economic indicators, the Federal Reserve's role, foreign trade and exchange rates, how to analyze demand for a product and pricing cost benefit evaluation. Includes numerous examples and case studies.
Customer Reviews:
A novel way to explain economics.......2005-12-26
The authors have made a great effort writing this book, which is divided up in two parts: macro- and microeconomics. It gives insight of how we should understand current economic affairs on both the macronomical and micronomical levels. The book does serve this purpose quite well. I particularly liked the summary at the end of each chapter.
The book does however lack in solid economic theory, which makes this book inconsistent. If you are an economics student I would not recommend it for you to actually study economics (there are better books around for that), but merely as a reference to understand that theory is what you learn at univerity, and understanding the theory in practice comes usually afterwards.
The big lack of this book is that it is only based from an American point of view and thus is not very useful for anyone living outside the US. Even the international economics chapter won't satisfy your desire to really understand what's is actually going on (when you don't live in the US). What this book totally fails to point out is that the US economy is very different to most other economies in the world.
On the whole two stars were awarded for this book, as I think that it is very useful to help your understand the current economic affairs. At the same time it fails in providing solid economic theory, it is based far too much on the US economy, and it is incomplete on other parts. Yet, if you live in the US, are studying economics and want to understand what it all means in practice, this book will help you! If not, don't bother.
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