Unconventional Success: A Fundamental Approach to Personal Investment
Average customer rating: 4 out of 5 stars
  • Investment to avoid-buying this book
  • Its clear Mr. Swensen has never held the hand of an Individual Investor
  • Among the rare few Investing Classics...
  • A Standout Book!
  • Interesting book, but not quite what I expected/wanted
Unconventional Success: A Fundamental Approach to Personal Investment
David F. Swensen
Manufacturer: Free Press
ProductGroup: Book
Binding: Hardcover

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ASIN: 0743228383

Book Description

The bestselling author of Pioneering Portfolio Management, the definitive template for institutional fund management, returns with a book that shows individual investors how to manage their financial assets.

In Unconventional Success, investment legend David F. Swensen offers incontrovertible evidence that the for-profit mutual-fund industry consistently fails the average investor. From excessive management fees to the frequent "churning" of portfolios, the relentless pursuit of profits by mutual-fund management companies harms individual clients. Perhaps most destructive of all are the hidden schemes that limit investor choice and reduce returns, including "pay-to-play" product-placement fees, stale-price trading scams, soft-dollar kickbacks, and 12b-1 distribution charges.

Even if investors manage to emerge unscathed from an encounter with the profit-seeking mutual-fund industry, individuals face the likelihood of self-inflicted pain. The common practice of selling losers and buying winners (and doing both too often) damages portfolio returns and increases tax liabilities, delivering a one-two punch to investor aspirations.

In short: Nearly insurmountable hurdles confront ordinary investors.

Swensen's solution? A contrarian investment alternative that promotes well-diversified, equity-oriented, "market-mimicking" portfolios that reward investors who exhibit the courage to stay the course. Swensen suggests implementing his nonconformist proposal with investor-friendly, not-for-profit investment companies such as Vanguard and TIAA-CREF. By avoiding actively managed funds and employing client-oriented mutual-fund managers, investors create the preconditions for investment success.

Bottom line? Unconventional Success provides the guidance and financial know-how for improving the personal investor's financial future.

Customer Reviews:

3 out of 5 stars Investment to avoid-buying this book.......2007-09-02

While I have a lot of respect for Swensen's practical success with the endowment, his book has some great advice and some really poor advice. Swensen is to be commended for steering the investments from the '85 asset allocation to where it is today. It was visionary, courageous, very rewarding.

The author does a great job of advising investors to reduce exposure to US large cap equities, and the rationale behind it. He also makes a logical case for increasing exposure to various international equity and fixed income markets.

Where he goes astray, in my opinion, is by suggesting that investors look to index funds as a panacea for investing. While he and his team at Yale have found exceptional managers who bring value (above index returns, on a net of fee basis), he assumes that individual investors cannot. While few investors have the negotiating skill set he has (due to his Assets Under Management), individual investors who spend a few hours a month can find money managers via mutual funds that consistently outperform their peers and benchmarks.

Let me sum up his book for you: own a LOT more baskets to put your eggs in, than just the standard 5-6 you may have in your 401k, and invest in low cost index funds.

My suggestion: take the first bit of advice, and instead of low-cost index funds, find managers who consistently beat the indexes, and rebalance annually.

Oh, and borrow the book from the library instead of padding his wallet.

2 out of 5 stars Its clear Mr. Swensen has never held the hand of an Individual Investor.......2007-07-21

I loved David Swensen's white paper about institutional portfolio construction; I liked his book on Pioneering Portfolio Management: An Unconventional Approach to Institutional Investment- with this book he stepped outside his area of expertise.

5 out of 5 stars Among the rare few Investing Classics..........2007-04-26

This is a remarkably good book. Almost any investor will benefit from reading this book. Swensen distills a lot of wisdom into this volume touching on all aspects of Portfolio Policy. It would be rare for even very advanced investors to not gain a new insight or two from reading this book.

Having said that, I have a couple of issues with this book.

- Swensen's writing style is very labored. It was hard to read more than a few pages at a time. Not because the material was difficult, but because of his writing style.
- I am frankly puzzled by Swensen's glowing recommendation of Southeastern Asset Management (a Mutual Fund company that owns Longleaf Partners Funds). While Longleaf is a good fund outfit, I don't see how Longleaf is that much different from other, better Value style Mutual Fund companies out there. I don't see how Longleaf is any different from Dodge and Cox or Oakmark. I just don't see Longleaf being that special, so I am puzzled at Swensen's singling them out as exemplary. As I write this, Longleaf has one of the most expensive International Equity funds out there - with an Expense Ratio of 1.61%, compare that with an International Index Fund that you can buy at Vanguard for 25 basis points ! Charging almost 1.5%/year more in expenses will require some exceptional Active Management from Longleaf to generate returns, the odds are against investors in the active fund there.

5 out of 5 stars A Standout Book!.......2007-03-29

This is an indispensable investment book in my opinion. Swensen clearly has an original and unique perspective on investing. There are plenty of books out there in favor of passive management, low costs, and asset-class investing. Here are some of the ideas and concepts he presents in this book that make him stand out from the crowd:

1. He believes treasuries are practically the only bonds worth considering for the individual investor. The chapter in which he discusses it is very interesting, and his arguments are compelling.
2. He is not a devout believer of efficient markets, and acknowledges that superior active performance can be attributed to skill. He explains that there are two games being played: short-term and long-term active management. Unfortunately, since most managers are pressured to have good annual, quarterly, or even monthly returns, they must think short-term, and are unable to invest for the longterm. The longterm game, consisting of far fewer players, is a completely different playing field.
3. He focuses an extraordinary amount of time on the profit-seeking behavior of mutual fund companies, and why they are detrimental to investors. Alignment of interests between shareholders and managers is a major theme in his book.

He suggests investors to construct a portfolio of passive, capitalization-weighted index funds (or ETF's), combined with treasuries and TIPS. Unlike Bogle and other pro-indexing gurus, Swensen seems to focus more on avoiding shareholder-unfriendliness than he is on the other benefits of index funds (style-purity, low costs, etc.). He also ignores Fama-French size and value factor loading, which is fine. There are other great books on portfolio design (William Bernstein is pretty much all you need to read on that subject).

My only complaint about the book is that he seems to enjoy reemphasizing points. Swensen will summarize his thoughts throughout the chapter, and one more time at the end of each chapter, and then a whole final chapter devoted to more summarizing. I think this book could have been 2/3rds the length with essentially the same content. However, that is a minor complaint, compared to the vast amount of knowledge I gained from reading the book. Highly recommended!

4 out of 5 stars Interesting book, but not quite what I expected/wanted.......2007-03-15

Based on the title, the author's background, and the little I'd read about the book, I expected this to be mainly a 'how to' manual - how to best manage one's funds for maximum returns.

While there was some of that in the book, in fact the focus seemed more on castigating much of the financial industry for their misdeeds and greed. If you've read John Bogle's writings, you've seen some of this before, but Unconventional Success is perhaps even a bit more detailed and clear on the misalignment of interests between investors and financial products providers, and how that leads to the investors being taken for a ride in various ways.

So, there's a lot of "don't do this, don't buy that product"-type information in the book. As far as what he DOES recommend, he's relatively brief, and, IMO, doesn't go into enough detail. He advocates splitting your money among 6 major asset classes, and staying with low cost funds, mainly those offered by non-profit companies (Vanguard and TIAA-CREF). But there's not enough support for his statements that asset class X should be 15% of your portfolio and asset class Y should be some other percentage. He briefly discusses historical returns for asset classes and touches on some reasons why returns may differ going forward, but again, there's not much detail there.

Yale's endowment (which Swensen manages, very well) is known for unconventional investments (thus, perhaps, the book's title). But if you want to read about timber or other natural resources, or see much detail on why Yale's endowment is so successful, you won't find it here. Admittedly, many of the options available to Yale are not available to the common investor, or if they are, are so watered down with extra fees as to be unsuitable. Still, I was little disappointed about the lack of reference to his own investment strategies at Yale, which are the reason most of us have heard of him and the reason I bought the book.

One thing that was interesting to me was his analysis of why some indexes aren't well suited for use as a mutual fund benchmark. I have a significant slice of my portfolio in a fund that uses the Russell 2000 value index as a benchmark, and the Russell indexes are called out for criticism in the book. I will keep the criticisms in mind in planning future allocations/re-allocations.

Overall, it was an interesting read - I blew through it in one night. But it was not quite what I expected...
Fundamentals of Investing (9th Edition) (Addison-Wesley Series in Finance)
Average customer rating: 4 out of 5 stars
  • got to me fast
  • Textbook comes with excellent portfolio simulation -- OTIS
  • A "Must Have" book for beginning investors!
  • Definately a bad choice for students...
  • Fundamentals of Investing, 7th
Fundamentals of Investing (9th Edition) (Addison-Wesley Series in Finance)
Lawrence J. Gitman , and Michael D. Joehnk
Manufacturer: Addison Wesley
ProductGroup: Book
Binding: Hardcover

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ASIN: 0321236858

Customer Reviews:

5 out of 5 stars got to me fast.......2007-04-11

The book is in new condition and got to me fast.

5 out of 5 stars Textbook comes with excellent portfolio simulation -- OTIS.......2004-11-05

Contrary to what the Editorial Review above states, this textbook does NOT come with StockTrack. Fortunately, it comes with an excellent program -- OTIS, an Online Trading and Investment Simulator developed at Wharton, the world famous business school. The simulation program allows you to "buy" and "sell" a whole range of real securities, including stocks, bonds, mutual funds, EFTs and derivatives, so you can test out the investment concepts from the textbook. It's just like using a program like eTrade, except you don't use real money. You can test out your investment ideas, and the software tracks your portfolio value using real market data.

The Gitman/Joehnk textbook itself is a fine textbook for someone who has not studied investment theory before, and is ideal for personal investors who want a solid foundation in the essential concepts, tools, and latest technologies they need to be successful.

5 out of 5 stars A "Must Have" book for beginning investors!.......2002-04-17

Time for me to upgrade to the Seventh Edition! I used Fundamentals of Investing, Fourth Edition around 10 years ago in a college course at WCTC in Waukesha, WI. My instructor was a V.P. at a major brokerage house. It was one of the best and most rewarding college courses I ever took. We covered the entire book in one semester.

As with any book, Fundamentals of Investing will please some and not others. This book lays the foundation for investing by covering topics such as stocks, bonds, insurance, and the like along with understanding the risks of each. This book is not a "get rich quick" self help book. You will not find "trendy ways" to invest, hence the title "Fundamentals of Investing."

This book is where I learned Time Value of Money (TVM). Before I learned of TVM and investing, my retirement plan consisted of the value of my home and social security. Now I am well on my way to achieving my goal; retiring as comfortable as or better than I live now. If there is any social security when I retire it will be a bonus.

On the whole, this book (including my 4th edition) is useful even as a reference to the investment process. I use it to refresh my understanding of the variety and types of securities. Others may disagree but this is my investment bible. It has paid for itself time and time again by reminding me of the basic "Fundamentals of Investing."

You can remove a lot of risks to investing if you read and understand those investments in "Fundamentals of Investing."

2 out of 5 stars Definately a bad choice for students..........2002-02-12

This is your typical beginner book on investments. The book is separated into 6 categories, each category having 2 chapters apiece. These categories are, The Investment Environment, Important Conceptual Tools, Investing in Common Stock, Portfolio Management, and Derivative Securities. Although, one can see that the book seems to broken down nicely in each category, the examples illustrated in this book are very sketchy, and at times hard to follow.

What makes this book so difficult to follow is that at the end of each chapter, you are given a set of review questions to practice what you learned. This is very bad if your professor assigns the book, but doesn't use it. Now, this is the catch. There are NO answers for these review questions anywhere in this book. In fact, the only way one can possibly get these study question answers is if her or she is the professor. In order to do this, you have to login to the author's page as the "educator." Of course, students who buy this book for class, will only have student access which only enables them to see what they "need" to have learned from each chapter, and access to a small pc program that solves everything for you. A nice tool, but kind of pointless if you do not know what you are doing in the first place. Oh yea, did I mention you only have a 6 month subscription to this "service." I do not want to call it a service by any means, since its useless.

In short, if you are a student, or want to get the general ideas of investment, Do NOT buy this book, since you will never know if you are applying the principles that you learned from this book properly. I had no choice but to buy this book, but if you can avoid this book, please do, and save yourself a headache or two.

2 out of 5 stars Fundamentals of Investing, 7th.......2002-02-09

Fundamentals of Investing leaves a good deal to be desired as a textbook for a first course on investments. It is too wordy, being nearly 700 pages in length (not including tables or the index), making it somewhat challenging to cover the entire book in a single college semester.

As with any book, Fundamentals of Investing has its good features and its bad features. The chapter on investment planning (chapter 3) is quite good as it gives the reader an understanding of the motivation for investing. Another good feature about the book is the treatment of the security analysis process and how the investor should approach the analysis of investments for inclusion in a portfolio.

However, the deficiencies of the book appear to outweigh its benefits. First, the authors appear to assume that the reader is already familiar with the concept of the time value of money (TVM). Since the TVM concept is vital in assessing the worth of an investment to an investor, a reader that is unfamiliar or not well versed in the TVM concept is likely not to fully understand how securities are valued. Second, many of the examples given in the book are not always of great help in assisting the reader in understanding the concepts that were presented. Finally, the problems at the end of each chapter do not seem to provide much of a challenge to the reader to apply the concepts that were covered in the chapter to reinforce what was supposed to have been learned.

On the whole, the book can be useful in introducing the reader to the investment process and in understanding the variety and value of different types of securities. But a reader who is less familiar with investing can do better than to buy this book.
Fundamentals of Investing & Wharton's OTIS Student Access Kit Package (9th Edition)
Average customer rating: 4.5 out of 5 stars
  • It was what I asked
  • a great book
Fundamentals of Investing & Wharton's OTIS Student Access Kit Package (9th Edition)
Lawrence J. Gitman , and Michael D. Joehnk
Manufacturer: Addison Wesley
ProductGroup: Book
Binding: Hardcover

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ASIN: 0321275330

Customer Reviews:

5 out of 5 stars It was what I asked.......2006-02-28

It's ok and it arrived at the time I expected

4 out of 5 stars a great book.......2006-02-27

This book is great, it is written in easy and understandable way... I just came out, so all the newest information on websites, market changes, etc, are available; if you do want to get the basics and more in investing I would recommend you getting this book...
Fundamentals of the Futures Market
Average customer rating: 4.5 out of 5 stars
  • Not Bad
  • Easy To Follow
  • Instructional and Honest
  • Sloppy editing
  • GREAT BOOK
Fundamentals of the Futures Market
Donna Kline
Manufacturer: McGraw-Hill
ProductGroup: Book
Binding: Paperback

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ASIN: 0071361324

Book Description

From the basics of open outcry trading to advanced technical indicators, Fundamentals of the Futures Market gives beginning futures traders everything they need to get started. This hands-on workbook walks readers through the entire process to read and understand major reports, track prices, follow the major indicators, and more. In today’s fast-paced futures trading arena, it provides the tools readers need to trade in any commodity market—grains, metals, or financials—and minimize risk as they sharpen their trading skills.

Download Description

This hands-on workbook walks readers through the entire process to read and understand major reports, track prices, follow the major indicators, and more.

Customer Reviews:

3 out of 5 stars Not Bad.......2007-09-30

Not so well written, a little manual-like and hard to read.
Written for the beginner it tries to cover too much but misses out some important basic information.
Have read many books on trading and had hoped to fill-in the details on the futures area fundamentals. Have to look for another book now though.

5 out of 5 stars Easy To Follow.......2005-07-15

I am new to futures trading and I found this book to be very helpful and easy to understand. It is well written and covers a wide variety of trading terms and techniques. I did notice a typo or two, but they are obvious and do not detract from the message of the text.

5 out of 5 stars Instructional and Honest.......2005-07-14

This is a very good book if you are looking for a career in futures. Whether you will be a trader or a broker, there is a ton of helpful information inside that you can't find anywhere else. There is an entire chapter called 'Tips of the Trade' that walks you through some of the nuances and quirks of markets like soybeans and the E-mini S&P. The book explains how to determine the future expectation of interest rates by using the Fed Fund futures. There is information on how margins work and an entire section on options. The part that I found to be most unique is the discussion of order placement - where mistakes often occur and how to prevent them. I recommend this book to anyone who is getting started in the futures industry.

2 out of 5 stars Sloppy editing.......2004-04-23

Most "investment advice" books suffer from poor editing, both of the 'grammar & syntax' variety, and, more distressingly for this genre, flat-out incorrect information. Klines's book is no exception- the grammar & syntax are fine, but her book is replete with factual errors and misstatements. For example, on page 207, she defines a synthetic long futures as "sell a call option, buy a put option." Wrong. That is a synthetic short position. Similar errors pervade the book.
One useful feature is chapter 3, which presents futures contract specifications. However, even here, some of the information is occasionally confusing or misleading.
This book is published by McGraw-Hill, a highly reputable house. My surmise is that McGraw-Hill has no financial experts on its editorial staff; otherwise, it wouldn't tolerate the publication of such a sloppily-edited piece. Disappointing!

5 out of 5 stars GREAT BOOK.......2001-01-22

If you are new to trading, or are interested in learning about the futures markets, then you will not be disappointed with this book. I was definitely impressed with the amount of market information that it covered. The History of the Futures markets, fundamental & technical analysis, mechanics of the trading floor, margins, interpretation of news, are all explained. In addition, it contains a great section on trading techniques for each specific commodity market. This would make a great reference textbook for seasoned traders and brokers as well. I would definitely recommend this book.
Winning Angels: The 7 Fundamentals of Early Stage Investing
Average customer rating: 4.5 out of 5 stars
  • Emperor's New Clothes
  • A cookbook for Angel Investors
  • Complaint
  • Angel Investing 101 - quick read gets you up to speed
  • Read before swimming with sharks
Winning Angels: The 7 Fundamentals of Early Stage Investing
David Amis , Howard Stevenson , and Howard H. Stevenson
Manufacturer: FT Press
ProductGroup: Book
Binding: Paperback

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Customer Reviews:

3 out of 5 stars Emperor's New Clothes.......2007-07-26

I'm not sure why this book has gotten stellar reviews. Maybe folks who read it are insecure about giving a tough review to a book that's trying to teach them something. Regardless, this book is mediocre. The information in it borders four-star-worthy, but the writing is dry, the page layout is reminiscent of a bad magazine design, and it's just not apparent that the research is that good. For my money, I'll stick to the books out of Harvard, as opposed to those out of Harvard's MBAs.

2 out of 5 stars A cookbook for Angel Investors.......2007-05-18

My recent experience with angel investors is that they come in all flavors - from the sophisticated networks of dedicated portfolio managers to the impetuously interested or personal friend. Winning Angels provides a framework on which we can understand risk avoidance strategies, but doesn't go far enough to help most understand the characteristics of great opportunities or more importantly, the appropriate behavior of effective angel investors. I'm hoping there is a next book that enables true angel investors (not just family and friends) to participate as investors should. Angels are a critical part of the start-up ecosystem. Anything that can help make this process more efficient will certainly be welcome. Winning Angels falls short.

1 out of 5 stars Complaint.......2007-01-12

We note that the print of this book looks more like a photocopy. As we paid USD44.99 for each book, we would expect better quality. Kindly look into this matter. Otherwise we wish to seek a refund. Thank you.

5 out of 5 stars Angel Investing 101 - quick read gets you up to speed.......2006-09-06

The saying goes, "A fool and his money are soon parted." Before you part with yours, check this primer on angel investing to ensure you know what you are doing, have asked all the right questions, and understand what angels expect from the process and their investments.

While the book is a bit dated and case studies are skewed to U.K. sources, every word of it is relevant to today's angel investor in need of a quick but thorough education.

4 out of 5 stars Read before swimming with sharks.......2003-07-05

The relationship between Angel, VC and Entrepreneur has been a source of popular confusion. This book clears up some key misunderstandings, such as the different roles Angels and VC's play in the financing process of startup companies. 'Winning Angels' contains a reasonable quantitative element outlining different valuation methods and deal structures, which should be accessible to any reader with a basic understanding of Corporate Finance or Discounted Cash Flow analysis. It's also made particularly credible by the inclusion of interviews with successful Angels. I was struck by the high bar set by the interviewees, and their generally shared opinion that the calibre of entrepreneur was a factor subordinate to all others. Because it's written from an Angel's perspective, the book is skewed towards investor interests. These fall out of alignment with the entrepreneur in at least one key respect: investors are motivated to maximise the return on their portfolio of investments, rather than any individual company's. It follows that Angels will have a tendency to pursue a number of high risk, high payoff vectors rather than companies with a high probability of success but less financial upside. This isn't a criticism of the book, just an observation of differing interests. In short: high quality advice for people on both sides of the table.
Fundamentals of the Stock Market
Average customer rating: 4 out of 5 stars
  • Excellent
Fundamentals of the Stock Market
B. O'Neill Wyss
Manufacturer: McGraw-Hill
ProductGroup: Book
Binding: Paperback

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ASIN: 0071360964

Book Description

This practical, hands-on blueprint to stocks and mutual funds provides a thorough overview of today’s stock market. From understanding how trends and policies affect markets and the basics of placing a trade to advanced issues including technical analysis, short selling, Modern Portfolio Theory, and more, this unique and useful workbook explains the stock market in clear, concise language.

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This practical, hands-on blueprint to stocks and mutual funds provides a thorough overview of today's stock market.

Customer Reviews:

4 out of 5 stars Excellent.......2003-05-06

Great introductioin to a field that can seem quite arcane to the average joe. Affordable,pithy, and intelligible!
Fundamentals of Organizational Communication: Knowledge, Sensitivity, Skills, and Values (5th Edition)
Average customer rating: Not rated
    Fundamentals of Organizational Communication: Knowledge, Sensitivity, Skills, and Values (5th Edition)
    Pamela Shockley-Zalabak
    Manufacturer: Allyn & Bacon
    ProductGroup: Book
    Binding: Hardcover

    GeneralGeneral | Theater | Performing Arts | Arts & Photography | Subjects | Books
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    ASIN: 0205340768
    The Options Workbook: Fundamental Spread Concepts and Strategies for Investors and Traders
    Average customer rating: 4.5 out of 5 stars
    • Options workbook for Dummies
    • I was confused about options until I read this book
    • Excellent learning book for technical option learning
    • Skeptical
    • Basic Simple Review
    The Options Workbook: Fundamental Spread Concepts and Strategies for Investors and Traders
    Anthony Saliba , and The Staff at International Trading Institute
    Manufacturer: Kaplan Business
    ProductGroup: Book
    Binding: Paperback

    GeneralGeneral | Popular Economics | Business & Investing | Subjects | Books
    GeneralGeneral | Business & Investing | Subjects | Books
    GeneralGeneral | Investing | Business & Investing | Subjects | Books
    IntroductionIntroduction | Investing | Business & Investing | Subjects | Books
    OptionsOptions | Investing | Business & Investing | Subjects | Books
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    Similar Items:
    1. The Bible of Options Strategies: The Definitive Guide for Practical Trading Strategies The Bible of Options Strategies: The Definitive Guide for Practical Trading Strategies
    2. Option Volatility & Pricing: Advanced Trading Strategies and Techniques Option Volatility & Pricing: Advanced Trading Strategies and Techniques
    3. Options Made Easy: Your Guide to Profitable Trading (2nd Edition) Options Made Easy: Your Guide to Profitable Trading (2nd Edition)
    4. Options as a Strategic Investment Options as a Strategic Investment
    5. Options and Options Trading : A Simplified Course That Takes You from Coin Tosses to Black-Scholes Options and Options Trading : A Simplified Course That Takes You from Coin Tosses to Black-Scholes

    ASIN: 1419521071
    Release Date: 2005-11-01

    Book Description

    As serious and sophisticated investors know, options are a viable and increasingly popular way to enhance their portfolios. Yet even the most savvy investors need instruction.

    Now in its third edition, The Options Workbook has been updated and reformatted in a larger, more convenient, and user-friendly design. Three all-new chapters explain key trading concepts-volatility, the collar, and the covered call-and show how these can be applied to mitigate risk and increase profits. What’s more, this fresh edition incorporates additional interactive content-exercises, hands-on tools, and lessons that complement the in-depth curriculum on ITI’s Web site, www.itichicago.com.

    Customer Reviews:

    5 out of 5 stars Options workbook for Dummies.......2007-09-25

    I picked up this book in preparation for an interview I was having in the equity structured products desk at Morgan Stanley. Although I had taken a Financial Derivatives class at Wharton, this book helped explain the basics. It goes through all of the fundamental and basic strategies, as well as spreads. The value in the book is in doing the examples and working out the max gains, loses, break-evens etc. It seems basic but as you begin to put together more complex trades these exercises stay with you and guide your understanding. The book also does a decent job of explaining the Greeks and volatility. You won't come away ready to put on any overly complex trades, but you might be comfortable putting on your first call back spread knowing what your risk and reward profile is.

    5 out of 5 stars I was confused about options until I read this book.......2007-07-16

    I am an amateur stocks and options trader. I have read, and continue to read, many books about the markets, about stocks, and about options. Options are more interesting to me than any other investing medium because of the ability to make quick gains and because of the innate limitation of losses. With so many options plays in existence, it's easy to get confused.

    I picked up The Options Workbook and it cleared away much of the mystery of options investing. This book outlines the most common options plays including spread concepts, butterflies, condors, and many other trading techniques. It contains a primer that teaches about the Greeks, and about how to read the fundamentals on potential investments.

    I didn't find a lot about chart reading technique n this book, but you can get that from other excellent books. Part of this book's strength is found in its quick charts that show, at a glance, exactly how to execute most options strategies for upward and downward moving markets. Since I have read this book, I have traded nothing but options and have grown my portfolio steadily. I'm no longer interested in buying stocks; they are simply too expensive and slow moving.

    Hope this helps.

    - Craig Nybo, co-author of Total Human: The Complete Strength Training System

    5 out of 5 stars Excellent learning book for technical option learning.......2006-07-09

    This books explains most option constructions and how to calculate there potential profit. If you need to train yourself in spreads concepts, this training manual is for you. First the spread is explained and then some calculation examples are given. Don't expect a when to use these spreads manual. It's not there. This is a excellent book for training yourself in setting up all kind of option structures and know what the costs are and profits. Also all the Greeks are explained in detail, and the first manual that makes it understandable for me :-)

    1 out of 5 stars Skeptical.......2006-03-03

    I am skeptical over the reviews of this book. I bought it but returned the book to Borders after a surprise check on Amazon.com on the reviews by so-called "readers" here. If you look at the review dates, all were dated around May-June 2002. If you're not convinced, click on each reviewer and most of them actually did only review (5 stars) for this book. Who knows, it could be a marketing tactics? I went over to check Barnes & Noble and it was exactly the same.. reviews were all done from May-June 2002 then full-stop. So I'm not saying anything, I did buy the book for 2 days, but I was not impressed. No thanks.

    4 out of 5 stars Basic Simple Review.......2006-02-19

    Good book for the basics of understanding the mechanics of options but not a lot of use for actual trading. It really is light on useful fundamental concepts you should use to trade - maybe that's what you get in the additional products they have for sale.
    1001 Solved Engineering Fundamentals Problems, 3rd ed.
    Average customer rating: 3.5 out of 5 stars
    • Good Reference for General FE Exam questins
    • Tons of errors
    • Solutions Manual (SI Units) for the Engineer-In-Training Ref
    1001 Solved Engineering Fundamentals Problems, 3rd ed.
    Michael R. Lindeburg
    Manufacturer: Professional Pubns
    ProductGroup: Book
    Binding: Paperback

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    Similar Items:
    1. FE Review Manual: Rapid Preparation for the General Fundamentals of Engineering Exam (F E Review Manual), 2nd ed. FE Review Manual: Rapid Preparation for the General Fundamentals of Engineering Exam (F E Review Manual), 2nd ed.
    2. FE/EIT Sample Examinations, 2nd Edition FE/EIT Sample Examinations, 2nd Edition
    3. Fundamentals of Engineering Supplied-Reference Handbook Fundamentals of Engineering Supplied-Reference Handbook
    4. 999 Nonquantitative Problems for FE Examination Review 999 Nonquantitative Problems for FE Examination Review
    5. Solutions Manual for the Engineer-in-Training Reference Manual: SI Units, 8th Edition Solutions Manual for the Engineer-in-Training Reference Manual: SI Units, 8th Edition

    ASIN: 1591260027

    Customer Reviews:

    4 out of 5 stars Good Reference for General FE Exam questins.......2007-05-19

    Well written, questions are similar in scope and difficulty to actual FE exam questions. Does not cover discipline specific exam questions (civil, mechanical, etc.) No actual practice tests, but good questions and solutions.

    3 out of 5 stars Tons of errors.......2007-04-19

    This book for the most part is good for studying and the problems cover many areas related to the exam. However, this is the 3rd edition for which an errata does not yet exist. Having been studying with this book for several weeks now, it is LITTERED with errors. I would NOT recommend buying this book until a full errata is available. Buy the 2nd edition and view the errata online. We spent hours trying to figure out problems that were done incorrectly. Units don't work out, wrong numbers used, etc. Big time waster and it is hard to have confidence in learning from this book when it has this many errors.

    4 out of 5 stars Solutions Manual (SI Units) for the Engineer-In-Training Ref.......2000-05-27

    This is the book to study in preparation for the EIT exams.
    Nuts, Bolts, and Jolts: Fundamental Business and Life Lessons You Must Know
    Average customer rating: 5 out of 5 stars
    • Not just for those who work in cubes!
    • Resourceful and entertaining!
    • A "MUST HAVE" for anyone in the business world
    • Pithy, Witty and Wise
    • It's all in one nice package!
    Nuts, Bolts, and Jolts: Fundamental Business and Life Lessons You Must Know
    Richard A. Moran
    Manufacturer: Rooftop Publishing
    ProductGroup: Book
    Binding: Paperback

    Motivation & Self-ImprovementMotivation & Self-Improvement | Business Life | Business & Investing | Subjects | Books
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    3. Beware of Those Who Ask for Feedback: And Other Organizational Constants Beware of Those Who Ask for Feedback: And Other Organizational Constants
    4. Cancel the Meetings, Keep the Doughnuts: And Other New Morsels of Business Wisdom Cancel the Meetings, Keep the Doughnuts: And Other New Morsels of Business Wisdom
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    ASIN: 1600080154

    Book Description

    The bestselling bullet point king is back with his most comprehensive guide, Nuts, Bolts, and Jolts: Fundamental Business and Life Lessons You Must Know. Imparting more than just humorous observations, Nuts, Bolts, and Jolts offers prescriptions for the common workplace ills.

    These insights are the true "nuts and bolts" of business fundamentals, yet you won't find this bullet-proof advice in any MBA program or employee handbook. Developed from years of observations (and countless awkward moments), Nuts, Bolts, and Jolts delivers over 2,000 bullets of dead-on advice ranging from how to always stay productive to knowing what food not eat before an important meeting.

    Nuts, Bolts, and Jolts does not promise to make you a billionaire, but it does offer a roadmap to:

    -Understanding that work isn't something to dread

    -Achieving a level of balance between life and work

    -Using common sense that will impress your boss, so he/she will show you the money

    Customer Reviews:

    5 out of 5 stars Not just for those who work in cubes!.......2006-11-22

    Those who inhabit corner offices would do well to read it and gain insights into the "unwritten rules" that may be getting in the way of their company's progress. We need rules to avoid chaos but occasionally we need to purge the dumb ones. Management and staff could use this book to help open the kind of dialogue that would help everyone realize they are all in the same boat. Once that happens the boat could be streamlined for success by dumping excess rules. Highly recommended by this CEO.

    5 out of 5 stars Resourceful and entertaining!.......2006-11-21

    I found this book to be very entertaining, as well as a good resource for business life. Anyone who has worked in an office environment for any length of time will relate to many of his analogies. Plus, it just plain made me laugh! Those of us who live in cubicles 90% of our day can use a good laugh now and then, don't you agree? I would definitely recommend this book to anyone who works in an office or knows someone who does! It's much more than a good laugh, however. Rich hits the nail on the head with his many great ideas illustrating how to be successful in the professional world.

    5 out of 5 stars A "MUST HAVE" for anyone in the business world .......2006-11-05

    Rich Moran's book is a "bible" for business professionals. He provides tips and advice based on true-to-life business world experience. I have worked for a large corporation for the past 25 years and I have recently purchased a number of copies of this book to give to the newly hired college graduates who have recently joined our company.

    5 out of 5 stars Pithy, Witty and Wise.......2006-10-31

    Moran has done it again - a must read for anyone at any level in any organization. Remember all those 'unwritten rules' that people keep telling you about? Rest easy: they are all here for you in one place. This is a great book for those first starting out in Corporate America, as well as for those of us already here who need a reminder every now and again. Get it for your whole team!

    5 out of 5 stars It's all in one nice package!.......2006-10-16

    What a find! This book is loaded with easy to digest wit and wisdom for the work place (and life). When you're looking for just a few words to inspire yourself or others you're bound to find them in Nut, Bolts, and Jolts. I read it once quickly from cover to cover but now keep one by my nightstand and one in my office. When I need a little jolt I pick it up and usually find just the right few words to get myself back on track. Many friends and colleagues will find this gift-wrapped and under the tree this Christmas.

    Books:

    1. Valuation: Measuring and Managing the Value of Companies, Fourth Edition
    2. Web-Based Training: Designing e-Learning Experiences (With CD-ROM)
    3. Weekend Knitting: 50 Unique Projects and Ideas
    4. Wikinomics: How Mass Collaboration Changes Everything
    5. A Guide to the Project Management Body of Knowledge, Third Edition (PMBOK Guides)
    6. A Practical Guide to Information Systems Process Improvement
    7. Ageless Marketing: Strategies for Reaching the Hearts and Minds of the New Customer Majority
    8. Analysis of Financial Time Series, 2nd Edition (Wiley Series in Probability and Statistics)
    9. Art of Seduction
    10. Asset Pricing: (Revised)

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