Book Description
Horngren’s Cost Accounting defined the cost accounting market and continues to innovate today by consistently integrating the most current practice and theory. This acclaimed, number one market-leading book embraces the basic theme of âdifferent costs for different purposes.â It reaches beyond cost accounting procedures to consider concepts, analyses, and management. This latest edition of Cost Accounting incorporates the latest research and most up-to-date thinking into all relevant chapters.
Professional issues related to Management Accounting and Management Accountants are emphasized. Chapter topics cover the accountant's role in the organization to performance measurement, compensation, and multinational considerations.
For future accountants who want to enhance their understanding of–and ability to–solve cost accounting problems.
Customer Reviews:
Not impressed.......2007-10-03
I am not sure whether my negative perception of this book arises more from my disliking the book or the subject matter, but I felt like I had trouble learning from it as well as I have from other textbooks. I generally rely on the text to clarify anything I missed from a professor's lecture, but this one was not that helpful for me. I'm sure this is related to the fact that I am absolutely horrible at accounting, but I was hoping that the textbook could save me and teach me whatever I was missing in class... no such luck!
Good starting book for Managerial Accounting.......2007-02-26
Clearly written. Although it assumes some basic knowledge about accounting, the writing technique is such that there is very little background knowledge that you have to go refresh yourself with in order to make sense of the new information. For a novice at accounting like me, this was easy to understand, with good examples and illustrations.
It is really useful in real business world!!.......2006-11-16
I am a MBA candidate in US and will return to Japan next year.
My background is engineer in Japanese manufacturing company.
Even now, this textbook teaches us powerful tools and especially in factory accounting. The knowledge for budgeting and how to evaluate it will help me in the future.
I will bring this book back to Japan and try to use it in the real world!!
Excellent book.......2006-10-11
The writing may not be perfect, but it's still a great textbook, probably the best you can find.
After all, there is a reason that so many colleges use this book. You will learn a great deal whether you use this book for a class or for your own study.
Poorly written.......2006-02-15
This is a poorly written textbook; rambling and fragmented information is presented on a piecemeal basis rather than in a clear, concise and well-organized manner. Important information belonging to one subject-matter chapter, is often presented as "aside" information in other chapters on wholly different subjects. This textbook appears to have been written by an author who forgot to take his ADHD medication. This "substandard" quality has become common place with this particular publishing company, Prentice Hall, to include its many subsidiaries (Pearson, Thompson, Southwestern, etc.), to the detriment of the education system.
Book Description
As the long-time best-seller, Garrison has helped guide close to 2 million students through the challenging waters of managerial accounting since it was first published. It identifies the three functions managers must perform within their organizations-plan operations, control activities, and make decisions-and explains what accounting information is necessary for these functions, how to collect it, and how to interpret it. To achieve this, Managerial Accounting, 11/E, focuses, now as in the past, on three qualities:
Relevance: Every effort is made to help students relate the concepts in this book to the decisions made by working managers. With insightful chapter openers, the popular Managerial Accounting in Action segments within the chapters, and stimulating end-of-chapter exercises, a student reading Garrison should never have to ask "Why am I learning this?"
Balance: There’s more than one type of business, and so Garrison covers a variety of business models, including not-for-profit, retail, service, and wholesale organizations as well as manufacturing. In the eleventh edition, service company examples are highlighted with icons in the margins of the text.
Clarity: Generations of students have praised Garrison for the friendliness and readability of its writing, but that’s just the beginning. Technical discussions have been simplified, material has been reordered, and the entire book carefully retuned to make teaching-and learning-from Garrison as easy as it can be. In addition, the supplements package is written by Garrison, Noreen, and Brewer, ensuring that students and professors will work with clear, well-written supplements that employ consistent terminology.
Customer Reviews:
Well Written.......2007-09-24
The book is very concise & well written. It has helped me tremeendously in my Managerial Accounting class, and is very easy to understand.
Everything as expected!.......2007-02-16
The items arrived as expected; the price of the book was below the university bookstore.
Fair.......2007-01-10
The condition of the book when I received was not as good as stated. I did expedited shipping but it was just as slow as the regular shipping rate.
Not worth the money.......2007-01-03
This book was required for the class I took. The Ready Notes is a bound set of Powerpoint slides (3 per page). The instructor did not use the entire set of slides. I could have taken notes during the lecture and saved the money.
Good book .......2006-11-14
It is good book to learn managerial accounting and it also good to keep it as a reference.
Amazon.com
Buffett, the Bard of Omaha, is a genuine American folk hero, if folk heroes are allowed to build fortunes worth upward of $15 billion. He's great at homespun metaphor, but behind those catchy phrases is a reservoir of financial acumen that's generally considered the best of his generation. For example, in an essay on CEO stock options, he writes, "Negotiating with one's self seldom produces a barroom brawl." This is his way of saying that an executive who can give himself compensation totally disproportionate to his performance surely will. There are uncountable gems of financial wisdom to be harvested from these essays, taken from the annual reports he writes for Berkshire Hathaway, his holding company. Just to pick one more, here's a now-famous line about those he competes with when making stock-market investments: "What could be more advantageous in an intellectual contest--whether it be chess, bridge, or stock selection--than to have opponents who have been taught that thinking is a waste of energy?"
While Buffett has a policy of seldom commenting on stocks he owns--he feels public pronouncements will only lead to the public's expectation of more public pronouncements, and he likes to keep his cards close to his vest--he loves to discuss the principles behind his investments. These come primarily from Ben Graham, under whom Buffett studied at Columbia University and for whom he worked in the 1950s. First among them is the idea that price is what you pay and value is what you get--and if you're a smart investor, the first will always be less than the second. In that sense, the value of the lessons learned from Buffett's Essays could be far greater than the book's price. --Lou Schuler
Book Description
The definitive work concerning Warren Buffett and intelligent investment philosophy, this is a collection of Buffett's letters to the shareholders of Berkshire Hathaway written over the past few decades that together furnish an enormously valuable informal education. The letters distill in plain words all the basic principles of sound business practices. They are arranged and introduced by a leading apostle of the "value" school and noted author, Lawrence Cunningham. Here in one place are the priceless pearls of business and investment wisdom, woven into a delightful narrative on the major topics concerning both managers and investors. These timeless lessons are ever-more important in the current environment.
Customer Reviews:
Perfect.......2007-08-14
Lucid and brilliant, a clear lesson on capital allocation. The only objection would be the repeated content, but truthfully it helped the ideas sink in a bit.
Thank you for editing this collection Professor Cunningham.
Real Wisdom at a Good Price.......2007-08-05
I work for a financial services company, and I'm subjected to corporate gobbledegook on a daily basis. Warren Buffett gets to the point. His explanations of financial transactions seem so effortless, I can't imagine how others get so confused and obtuse. Here's a mind worth delving in to, and this book lets you sit on the shoulder of a modern genius to see how he thinks. Good stuff.
excellent.......2007-07-09
These are the actual words penned by Buiffett. Not as dry as one would think, he's actually a wonderful writer. The Oracle of Omaha can turn a phrase and while parts of this are slow going, I enjoyed it throughly.
I heartily recommend this book for those desiring wealth. I also strongly recommend The Millionaire Mind by Tom Stanley. The Millionaire Mind
Buffett's Favorite book about him.......2007-06-06
In the CNBC Liz Clayman interview with Buffett, he stated that of all the books written about him, this one is his favorite...it is an excellent read.
Lessons for Corporate America.......2007-05-14
This is a great book for people to understand the relationship between Corporate governance and business wellness. a must read for a long term investor.
Book Description
Through five editions, Managerial Economics has been among the leading texts in the field. Maintaining its hallmark clarity, abundant use of real-world examples and cases, and strong coverage of international issues and technological change, the Sixth Edition has been rigorously updated and revised, adding six entirely new chapters and an innovative student Web site.
Customer Reviews:
Managerial Economics Text book.......2006-11-03
It was the text book of this course.
It's not really needed to buy it to catch up with this course,
but this book has good samples and cases to read.
hip business economics.......2006-05-16
This is not your average dry and boring managerial economics book. The writing is great, it covers all the major topics, and there are plenty of real life applications. THIS BOOK ROCKS.
A new age economics book.......2005-11-01
This book is leaps and bounds more impressive than most managerial economics books. The newest concepts in economics like auctions, moral hazard, sophisticated pricing and adverse selection are given full chapter treatments. Not only do the authors clearly explain these concepts, but they show how they are applied in the business world.
I was also impressed with their revised game theory chapter. Instead of the usual dry mathematical treatment, the chapter uses game theory to illustrate the importance of strategic principles. I found the chapter more helpful than any other treatment on game theory.
The authors are professors at The Wharton School and use the book in their class. I can see why Wharton is a top ranked business school. Their students definitely have an advantage in learning from this book.
Wharton Rules.......2005-09-08
My first reason to buy this book is that i always felt a lack of knoledge in general economics, than you must consider the autors. Its easy to read and interesting. Full of examples and written in a way that teach you.
For me its one of the best books i ever read.
I love it.
A significant improvement.......2005-03-14
I reviewed the 5th edition of this book and thought it was good. This sixth edition is significantly better and in my view is the top book in managerial economics. The authors are from the Wharton School of Business, one of the top ranked business schools in the world. They have designed the book to show the reader how to apply various concepts to real world applications.
In this edition, the authors have completely revised the chapters on pricing. The book covers both simple and sophisticated pricing models. The chapter on sophisticated pricing models (e.g., two part tariffs, bundling, price discrimination) is terrific and useful to both students and managers.
Other improvements include a brand new chapter on game theory and a new chapter on adverse selection. The chapter on game theory is well written and clearly illustrates important strategic principles. I tip my hat to the authors for providing the reader with a clear understanding of how the theory works and why it is important. The chapter on adverse selection is also well written.
I have looked at several books because I am trying to choose one for the course I teach. After reading this book I look no more. This is the best book for those who really want to understand how to use economics in the business world.
Book Description
Thorough and up-to-date, this book supports any of the most popular approaches to AIS: focus on transaction cycles and controls; focus on systems life cycle; focus on databases and data modeling; or focus on computer-based controls, fraud and auditing.
The book begins with an overview and conceptual foundations then goes on to discuss control and audit of accounting information systems, accounting information systems applications, and the systems development process.
For CPAs and corporate accountants.
Customer Reviews:
Yawning Hell.......2006-05-31
Is this the world's most boring book ? Technically competent but painfully dry. A gift too insomniacs. Good luck on getting past page 1 !
Only Buy if Required for a Class.......2005-05-09
Very boring reading. Chapters tend to repeat themselves. The class I had for this book was one of the most boring classes I ever had. Instructor lectured from power point slides. I could have taken this class homestudy and done just fine, than to sit in class.
Caution: Will Cause Drowsiness........2004-04-03
This book is simply horrible. It takes the stereotypical accountant and shoves him into the pages. It is so lethargic and monotonous that all the valuable information within the book just stops making sense. This book should be read by anyone who has doubts about becoming an accountant. They'll drop everything and go into premed. Horrible!
Agreed. Boring as dirt........2003-05-10
Everything you need is in here, but the book truly is boring as dirt. If you need it for a class, fine. But do not buy it if you just want something to read.
Comprehensive but boring.......1999-09-12
This is a very comprehensive textbook of the subject. It deals with just about every aspect of the AIS realm. It is, however, a very dull book. There isn't much illustrating, no color, and absolutely no life beyond the black and white wasteland of its pages.
Book Description
The Gateway to the Profession
990f surveyed practicing accountants feel that Kieso, Weygandt, and Warfield's Intermediate Accounting helped prepare them for success in professional practice.
100% would recommend the text to someone currently studying for an accounting degree.
80aid they referred to their copy when they first entered professional practice.
Professionals who learned accounting from Intermediate Accounting find themselves well prepared to enter the workplace. So well prepared in fact, that many keep their copy of the text to refer to again and again. Why is this text so essential for professional success?
* Currency--This 12th edition of Intermediate Accounting reflects the state-of-the-art in accounting today. The text is kept current with the Intermediate Accounting Newsletter, a periodical for users of the text that spotlights the very latest developments and their implications.
* Real-world examples and illustrations--Numerous examples from real corporations help you understand exactly how professionals apply accounting principles and techniques. International Insight notes compare accounting practices in other countries.
* Hands-on practice--This 12th edition features Professional Simulation problems, modeled on the new computerized exam. In addition, new accounting research exercises help you practice using the Financial Accounting Research Database System (FARS).
* Comprehensive and clear explanations of concepts--The authors' clear writing style and logical organization help you understand the material.
Make Kieso your gateway to the profession!
Customer Reviews:
Good book.........2007-09-30
The overall book is in great condition.. But the cover page was damage in the process of delivery.. Still a good book..
Poor Textbook.......2007-09-09
I am using this book as a textbook for my accounting course this semester (fall, 2007).
After reading the first four chapters of the book, I found that it was very confusing to read. Particularly, the end-of-the chapter exercise questions are worse. P 4-3 (an exercise at the end of chapter) is one of the countless questions which are written carelessly. In a word, the book is extremely disappointing. I just wonder whether there is anyone else who can write an intermediate accounting textbook in such a clear way as Harrison and Horngren's Financial Accounting was written. Finally, I can't quite understand why instructors are using such a poor book as a textbook.
great reference book but poor text book.......2007-09-09
This book is huge. Nearly 1500 pages of cramped text in small print make it hard to read and handle in the normal day-to-day use for classes. I usually make copies of the individual chapters for studying because of its impossible size. Without any doubt, this book is very comprehensive. It makes a great reference book with its vast coverage of topics and info.
However, I am using this book for three accounting classes. I have already used this for one class and I am currently doing the second class. I spent far more time than necessary completing the course requirements because of the very poor application as a text book. Most good accounting books have plenty of examples and also comprehensive problems at the end to clarify the concepts. Not so with this book. Comprehensive problem sets are absent and examples are minimal. Not very good if you try to understand accounting rules and concepts. The publisher's website has powerpoint slides for each chapter. I found those slides more useful and better organized than the textbook itself.
I give it 1 star as a text book and 4 stars as a reference book
Great Book.......2007-08-26
Great accounting book. This textbook is extremely helpful. It's probably the best text out there. I have this book. I want to part with it. Sctops140 at aol dot com for details. I bought this book for my intermediate accounting class at UW-Whitewater. It really helped me better understand concepts.
Grim, grinding, and expensive; this is the the best you can get.......2007-06-06
My qualifications: BA in Business, BS is Accountancy, MBA finance, CPA, Corporate Controller and Financial Mananger. I've been buying and reviewing new editions of this text every few years for over 20 years now. Why? Becasue if accountancy is your profession you cannot afford not to be completely up to date. Things change. Even all you want to do is make a decent salary and vegetate somewhere, someone is trying to bury you and take your job (or your company). Count on it. It is about competiveness, survival, and prospering. When can you quit studying? Never.
This is the text to put you ahead. I have seen shorter, more simple, less comprehensive, and much cheaper texts. But do you want the competitive edge or not?
There are other non-book alternatives. If your're a CPA, you'll have to keep plugging along with the CPE programs forever (sigh), but they don't hack it in depth compared to this. Even the AICPA's Journal of Accountancy, though highly reccomended, and far more timely than any book, cannot cover the details adequately.
Or you could take a CPA exam review course like Becker's every so oftern. That will set you back a fortune and hundreds of hours of your life. But you will be completely up to the minute on most everything. How long you remember everything after finishing the review course is another question.
"A practicing CPA simply cannot know the answers to many practice questions as they arise but rather needs the ability to find such answers." (NASBA site) This is the one stop text to do it.
A couple pieces of advice. Don't take the text into the office unless you see it (or others like it) on partners' bookshelves. Keep it out in the car for lunch, afterwork, fake restroom breaks,last minute reviews before you go in, or whatever. Also, never ever take it into a client's site. It may sometimes seem like a good idea, but your manager will probably slap you around for it.
Any text is only good for a few years, then spring for a new edition. If you get this text, give yourself some time working through it on the parts that are new to you or give you the most trouble or worry at work. Then consider buying the study guide. It's not a substitute for the book but it can speed things up for you a lot.
If you think this is a lot of work or baloney, try weighing it against not getting a good raise or promotion. Best wishes and good look.
P.S. I'm on this page because I'm buying my latest copy.
Book Description
Improve your presentationsand increase your impactwith 50 powerful, practical, and easy-to-apply techniques for Microsoft PowerPoint. With Beyond Bullet Points, youll take your presentation skills to the next levellearning innovative ways to design and deliver your message. Organized into five sectionsDistill Your Ideas, Structure Your Story, Visualize Your Message, Create a Conversation, and Maintain Engagementthe book uses clear, concise language and just the right visuals to help you understand concepts and start getting better results. Not just a how-to for PowerPoint, this book will help take your presentation skills to the next level! Features 50 innovative, easy-to-apply techniques to help you clarify, visualize, and present your ideas using PowerPoint. Author is a leading presentation-skills consultant. Targeted for intermediate to advanced level users of PowerPoint who are looking to stand out from the crowd and make sure people remember what they say.
Customer Reviews:
Clear guide for creating effective presentations .......2007-08-24
Microsoft PowerPoint changed the world of presentations by simplifying the process of creating a computerized slide show. Alas, over time people started squeezing too much information into every slide and using the preinstalled generic titles. PowerPoint's simplicity let people forget the purpose of presentations: to persuade or to inform without being boring. Cliff Atkinson shows you a creative way to build a good presentation without falling into the PowerPoint template trap - tell a story instead. At present, he provides a free template, storyboard formatter and story guide at sociablemedia.com that adds value to the book, which refers to these resources repeatedly. We recommend this to anyone who gives presentations.
I've used this method and it works.......2007-07-25
I borrowed it from the library and I am going to purchase it for my personal business library. I think that this is a great resource book. I decided to try this method since I do a presentation about once a month to pharmacists. This book helped me to organize my thoughts and present the material in a logical manner. I am in the health care industry and the people I present to are used to seeing bullet points BUT they are bored with it. For those that think the information here won't work, I say give it a try before dismissing it. You may find that your audience doesn't want as many bullet points and facts as you think and that you are a breath of fresh air in doing something new and innovative with your presentations. And remember you can put all of that information from your bullet points in the notes pages and print that out for them.
Don't understand what others see in it.......2007-07-07
I was disappointed having bought this book based on good reviews, so here's my review:
1. The author provides just one tool for one particular type of presentation: "pitch an idea to your bosses". The tool is a 3-act presentation using few words and more graphics and presenter narration.
Although a good tool for some presenters and some presentations, I can only see myself using this in 10-20% of my presentations.
2. Because the author refuses to explore other methods, the book becomes very repetitive and too detailed going on about the same points all the time.
3. Because of this, this is certainly not a book to keep for reference.
4. ...unless you are a total PowerPoint novice and computer-illiterate and want to read a step-by-step instructions about how to resize and crop images in PowerPoint, etc.
5. This is the first book by Microsoft Press I read and I was shocked at the obvious attempts throughout the book to advertise other marginally-related Microsoft products.
The book description says: "Targeted for intermediate to advanced level users". I would never recommend this book to anyone but absolute beginners and even then there must be better books.
The intermediate user should really just browse the first couple of chapters to get the basic idea (1. set the scene 2. show the conflict 3. resolve the conflict) in a bookstore and then decide for himself if he really wants to waste money on something which can easily be summarized on one page.
Better Presentations.......2007-07-05
I've been doing presentations since the BP (before Powerpoint) era and I have a structure that I've used since the beginning. This book caused me to rethink my approach, and, after using it on several recent presentations, I have to say it is a change for the better. Highly recommended if quality communications is your goal.
a very, very helpful book on creating effective presentations.......2007-07-03
While I didn't adopt the 3 > 3 approach Atkinson suggests, I really took to heart his idea of replacing wordy, boring slides with those with only a title (a concept, expressed as a sentence) and high-impact relevant graphics. As a result, I created a six-hour workshop (on personal productivity) that contained a total of five bullets (out of 130 slides). I also created - from the same slide show - a prose booklet that participants take home. Very useful.
More at: What a difference a framework can make
http://ideamatt.blogspot.com/2007/04/what-difference-framework-can-make.html
Book Description
Microsoft Office Sharepoint Server 2007 is the in-depth, one-volume guide to administering Office SharePoint Server 2007direct from the experts. Get comprehensive information to plan, deploy, administer, and support Microsoft Office SharePoint Server 2007. With this Administrators Companion, you get mission-critical information in a single volumestraight from the experts.
Customer Reviews:
A great starting point.......2007-06-26
With most new products you have to start somewhere and for those that are familiar with SP2003 but have no idea with 2007 or are new to SPS2007 then this is a great starting point to learn the architecture behind it all a reference guide to assist when you not 100% sure on doing something as an administrator.
Not for developers.......2007-05-13
Great book for pre-sales and administrators. But too much information in this book does not give crispy answers to questions
Sharepoint encyclopedia...........2007-05-05
It discusses everything you need to know with regard to MOSS 2007 but never really makes a point or stands out in any area. I read it and I feel like I am reading an infomercial about it and at times it lays out things you can do but it is not focused or useful in terms of diving into Sharepoint functionality or pointing out ways to actually get anything satisfying accomplished.
if you use MOSS 2007, you need this book!.......2007-04-11
This is the "real" documentation for MS Office sharepoint server 2007. I believe they should have included a pdf version with each licensed version of the server.
Contributing Authors Make it Worthwhile.......2007-04-11
When the "principle" author turns the writing reins over to others, the contents of this book becomes worthwhile. Unfortunately, that does not happen often enough. In reading this book I am reminded of the Calvin and Hobbes cartoon where Hobbes asks Calvin why he is not going to school. Calvin replies that he is just going to go on talk shows and hype himself.
Don't buy into the hype. If you do, you are going to feel very lonely with this Administrator's Companion. Scot Hillier's books, although they have a developer focus, offer a lot more than this book does for the administrator.
Average customer rating:
- accounting and working papers
- Terrible Book
- Book in great shape
- its a good book
- SLOW DELIVERY
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Accounting (Accounting / Carl S. Warren)
Carl S. Warren ,
James M. Reeve , and
Philip E. Fess
Manufacturer: South-Western College Pub
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Binding: Hardcover
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Similar Items:
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Working Papers to Accompany Accounting, 21e Chapters 1-17 or Financial Accounting, 9e
-
Working Papers, Chapters 1-17 for Warren/Reeve/Duchac's Accounting, 22nd
-
Study Guide, Accounting Chs. 1-17
-
Study Guide, Chapters 1-17 for Warren/Reeve/Duchac's Financial Accounting, 10th
-
Study Guide, Chapters 14-26 for Reeve/Warren/Duchac's Accounting, 22nd
Accessories:
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Accounting 21e Chapters 1-11 (with Working Papers) for Warren/Reeve/Fess
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Study Guide, Accounting Chs. 1-17
ASIN: 0324188005 |
Book Description
The most successful higher education text of all time keeps getting better. The authors adapt their proven approach to accounting's evolving role in business and use the preparation of financial statements as the framework for understanding what accounting is all about. Accounting provides a solid foundation of accounting concepts with unique features to show how users can use accounting to understand business.
Customer Reviews:
accounting and working papers.......2007-09-25
my son got in trouble because you took your damn sweet time to send it. how does your book take 3 weeks when everybody else took 4 days
Terrible Book.......2007-09-10
I can't learn anything from this book. It doesn't have answers in the back of the book, so how do i know i'm understanding the lessons? Therefore, if I could give this book 0 stars I would.
Book in great shape.......2005-09-09
Will purchase from seller again.
thank you!!!
its a good book.......2004-04-27
i liked the book very much, it has alot of informations
accounting students can get alot of knowledge from this book.
it helped me in my studies.
SLOW DELIVERY.......2004-02-02
Amazon says will ship in 24hrs. What a joke!! I ordered it 3 weeks ago, and I still don't have it!
Book Description
Over 30,000 online investors daily flock to pristine.com, the top-rated Website run by day trading legends Oliver Velez and Greg Capra, for up-to-the-minute strategies and market commentaries. In Tools and Tactics for the Master Day Trader, Velez and Capra revisit and completely update over 100 of their daily commentaries from the past four years, with new material explaining what worked, what didn't, and why.
This no-nonsense, easy read, meant to be referenced by traders every trading day, covers everything from potent trading strategies to intuitive insights on psychology and discipline. Proving once again that the best teacher is experience, Tools and Tactics for the Master Day Trader will help any trader log on with the technical skills, market knowledge, and confidence they need to capture more winning trades, and reap new profits.
Customer Reviews:
THE best book on trading I have ever read........2007-09-09
I had to get this book after reading such a mix of reviews. I was really curious how it would turn out since reviewers were either raving about it or trashing it.
After reading the 1st half of this book I was shocked to say the least. The first half of this book is worth more than all of the books I have read on trading combined. If someone trashes this book then they are either very new to trading and don't understand the points being made in this book(which I can understand because you have to get some experience under your belt to really appreciate what is being said in this book) or they are looking for a quick strategy they can read in 5 minutes and start making money. For one thing, that's never going to happen anyway.
The trading strategies in this book are very basic, so for newbies that part of the book has some good info. I was hoping for a little more advanced analysis of trading techniques, but I really didn't need that anyway. The knowledge and wisdom in the first half of this book is going to take my trading to moon.
For the newbies who didn't like this book, get a couple years experience under your belts then go back to this book and re-read the 1st half. I guarantee you, you will want to come back here and write a positive review.
Interesting book with lack in details by very self-confident authors.......2007-06-09
When I started reading the book by Oliver Velez and Greg Capra: "Tools and Tactics for the Master Day Trader", I thought it was one of the better books on day trading. It starts out with the importance of discipline, and the lessons to be learnt from losses. It also outlines the concept that you don't buy from the market, but there is always another person on the other side of the trade that has exactly the opposite market expectation as you.
Then come four chapters with lists of rules: 7 deadly sins, 12 trading laws of success, 15 things every trader should know, and 10 lessons for the master trader. Altogether 44 rules, which don't seem to be in any systematic order. It looks like the authors were brainstorming to come up with as many rules as they could think of, and then divided them up among the four chapters. Some rules contradict one another, some important rules are next to irrelevant ones etc. Also the "Seed of Wisdom" does not help to sum up the rules because it often is not related to the part that it is supposed to summarize.
In Chapter 10 and 11 the authors talk about tools and start out by explaining things as basic as a candle stick or support and resistance. Then they dedicate two chapters to Order Systems and Level II data, and it takes until page 293 when they finally talk about trading techniques.
After having talked redundantly about general things for three quarters of the book, the authors give their ideas of entry, stop and exit techniques. What I missed most in this part is the lack of exact trading rules. Everything is expressed vaguely (e.g. p.219 "you can also opt to keep the break-even stop. This is a matter of choice." or p.322 "Sell at least half your stock if and when the stock breaks below the 5-minute low. ... These are just guidelines. We don't want to be stupid. ... Many traders will be best served selling the whole lot at this point."). This is exactly the vagueness you can't afford as a day trader. I was also disappointed that there was so little variety in the trade setups (just three entry techniques).
So my hope was high that in chapter 17 "How to put it all together" there would finally be concrete entry and exit descriptions. Instead, the authors just describe common chart formations like any other book on technical analysis (and do a worse job, too).
Throughout the book I noted an arrogant tone (p. 317: "Let's assume a master trader, let's call him Mr. Velez."). The authors speak about master traders, as if they were some kind of rock stars. No matter, how successful you are, if you quit being humble, the market can easily take everything away from you.
I am giving the book three stars because it does cover important topics for day traders like discipline, and learning from your mistakes. If you want to read a more effective book, however, I recommend the one by John F. Carter "Mastering the Trade".
Seeds of Wisdom!.......2007-05-18
Tools and Tactics for the Master DayTrader: Battle-Tested Techniques for Day, Swing, and Position Traders.
Velez and Capra give me the impression they have traded before and are not just book writer's. You can learn a few pointer's from this book whether you are a rookie or have been trading a while. It covers Candlesticks,Moving Averages, Fibs, Volume and drawing a few trendlines on the charts intraday and daily charts.
It does not go into some of the mathematical stock indicators that some trader's think it might be the "Holy Grail". Sorry, there is no Holy Grail in the stock market you better look elsewhere like yourself. The only "Holy Grail" you will ever find trading stocks is yourself there is no quick fixes to learn to trade stocks it all takes lots of time and practice.
Its to look and observe what a chart's footprints tell you with some seeds of wisdom.
I see so many negative reviews here about this books. I am starting to wonder whether those reader's have ever traded stocks.
I have traded full-time for years and I can tell you they must be all novice trader's hoping that a book might have all the answer's for them and their future. It would help them if they read this book a few times until it sinks in their minds.
Nothing new.......2007-04-18
nothing new, nothing exciting. Everything can be found in books that are half the price. Save your money.
FIVE STARS!!!.......2007-02-27
I would definitely give this book five stars. I really learned alot from it. If you gave it a bad review you either need to go back and read the book again or just skimmed through the book.
and to the person who sid that he "Heard" that they don't actually trade they are wrong and I thought everyone knew not always to believe what they hear. But hey, some people just believe things more easily than others.
and you can't even RATE this book one star because YOU HAVEN'T ACTUALLY READ IT!!!
You skimmed through the book and rate it one star??? WOW. that's all I have to say: wow. I'm not even going to say anything else. and people don't listen to all of those bad revievs out there. It really was a great book and is worth the money. (and so is his newer book)
and to the person who said: "This book TOTALLY rocked. I read it alot because it was so awesome"
YOU TOTTALY ROCK TOO! LOL!
Books:
- Crafting and Executing Strategy : The Quest for Competitive Advantage - Concepts and Cases (Strategic Management: Concepts and Cases)
- Critical Chain : A Business Novel
- Critical Chain Project Management, Second Edition
- Crossing the Quality Chasm: A New Health System for the 21st Century
- Designing Organizations: An Executive Guide to Strategy, Structure, and Process Revised
- Designing the Hamptons: Portraits of Interiors
- Dictionary of Finance and Investment Terms
- Dictionary of Real Estate Terms, Sixth Edition (Barron's Business Dictionaries) (Barron's Business Dictionaries)
- Execution: The Discipline of Getting Things Done
- Film Directing: Shot by Shot: Visualizing from Concept to Screen (Michael Wiese Productions)
Books Index
Books Home
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Intermediate Accounting
Cost Accounting Student Guide, 12th Edition
Accounting Information Systems (10th Edition) (Accounting Information Systems)
Student Solutions Manual to accompany Cost Accounting, 12th Edition
Auditing and Assurance Services (12th Edition)
