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Unconventional Success: A Fundamental Approach to Personal Investment
David F. Swensen Manufacturer: Free Press ProductGroup: Book Binding: Hardcover Similar Items:
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:
Investment to avoid-buying this book.......2007-09-02
Its clear Mr. Swensen has never held the hand of an Individual Investor.......2007-07-21
Among the rare few Investing Classics..........2007-04-26
A Standout Book!.......2007-03-29
Interesting book, but not quite what I expected/wanted.......2007-03-15
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Fundamentals of Risk and Insurance
Emmett J. Vaughan , and Therese M. Vaughan Manufacturer: Wiley ProductGroup: Book Binding: Hardcover Similar Items:
ASIN: 0471216879 |
Book Description
This consumer-oriented textbook addresses the principles of risk management without skimping on the discussion of insurance. It summarizes the nature of pure risk on the individual and on society and illustrates how insurance can be used to deal with the problems posed by such risk. Mirroring the diverse experience of its authors, the text is equally effective in presenting the principles of insurance theory and offering how-to advice to students. Throughout, the main emphasis is on the insurance product and the use of insurance within the risk management framework. The traditional fields of life insurance, health insurance, property and liability insurance, and social insurance are treated in terms of their relationship to the wide range of insurable risks to which the individual and the business firm are exposed.Customer Reviews:
Very Good.......2007-01-18
How Do I Write a Review about an Insurance Book?.......2003-03-04
Honestly, I was never really fascinated with insurance. My life-licensing class was 24 hours of classroom time spread out over one weekend, so maybe that has created some insurance-related intellectual scars. The sections on Life Insurance and the basic components of any insurance contract and the whole insurance process were already familiar to me, so I found those sections incredibly uninteresting. The other forms of insurance were much more interesting and gave me a great foundation for other insurance studies I've done since.
The prose of the book, too, flows extremely well. In fact, I usually just lightly read passages explaining computations and formulas because I come back later to review them in-depth; however, while reading this book, I actually felt I fully understood most of the computations even while I read (which almost never happens because most formula-explaining reads much like Kant's "Metaphysics of Morals").
Just one closing point... I guess you'd have to be either Insurance Commissioner or a professor of insurance to be really interested in this material, but the authors write in a way that allows even the average CFP or insurance student to come away from the book with a good sense of how insurance works and where it fits into an individual's financial plan.
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Fundamentals of Financial Management (with Thomson ONE - Business School Edition)
Eugene F. Brigham , and Joel F. Houston Manufacturer: South-Western College Pub ProductGroup: Book Binding: Hardcover Similar Items:
Accessories: ASIN: 0324319800 |
Book Description
"Brigham/Houston: A Classic, redefined...because a classic never goes out of style." The market leader, Brigham/Houston, continues to grow in reputation and amount of users as the most effective approach for teaching the first undergraduate corporate finance course. The seamless, integrated ancillary package, still painstakingly prepared by the authors, is a hallmark of the Brigham/Houston package which reduces course preparation time for instructors and makes the subject more accessible for learners. New for this edition is the addition of iLrn Finance, an online student assessment and tutorial resource to help improve student performance. Additionally, access to Thomson ONE - Business School Edition, an online financial database that students can use to complete projects or select end of chapter exercises, is included with each new text.Customer Reviews:
Funadmentals of Financial Management.......2007-09-25
Again not enough info.......2007-03-29
This book deserves 0 star.......2007-02-04
Target Market is for undergraduates.......2006-12-30
Too basic for an MBA class.......2006-11-21
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Fundamentals of Investing (9th Edition) (Addison-Wesley Series in Finance)
Lawrence J. Gitman , and Michael D. Joehnk Manufacturer: Addison Wesley ProductGroup: Book Binding: Hardcover Similar Items:
ASIN: 0321236858 |
Customer Reviews:
got to me fast.......2007-04-11
Textbook comes with excellent portfolio simulation -- OTIS.......2004-11-05
A "Must Have" book for beginning investors!.......2002-04-17
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."
Definately a bad choice for students..........2002-02-12
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.
Fundamentals of Investing, 7th.......2002-02-09
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.
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Fundamentals of Multinational Finance (2nd Edition) (Eiteman Series)
Michael H. Moffett , Arthur I. Stonehill , and David K. Eiteman Manufacturer: Addison Wesley ProductGroup: Book Binding: Hardcover Similar Items:
ASIN: 0321280318 |
Customer Reviews:
The second edition needs some work........2007-07-09
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Fundamental Accounting Principles w/2003 Krispy Kreme AR, TTCD, NetTutor, OLC w/PW
Kermit D. Larson , John J Wild , and Barbara Chiappetta Manufacturer: McGraw-Hill/Irwin ProductGroup: Book Binding: Hardcover Similar Items:
ASIN: 0072946601 |
Book Description
Comprehensively revised, Fundamental Accounting Principles uses the 2003 annual report of Krispy Kreme to help make accounting concepts and precepts both interesting and understandable. NetTutor provides you with live, personalized assistance via the Internet, while the accompanying Topic Tackler CD features video clips, slide shows, and more for two key topics within each chapter.
Customer Reviews:
Accounting Book.......2006-02-23
Wow...What'll They Think of Next?.......2005-10-29
Best accounting book ever........2005-09-15
Missing part of it.......2005-09-08
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Fundamentals of Financial Management, Concise Edition (with Thomson ONE - Business School Edition)
Eugene F. Brigham , and Joel F. Houston Manufacturer: South-Western College Pub ProductGroup: Book Binding: Hardcover Similar Items:
Accessories: ASIN: 0324319835 |
Book Description
"Brigham/Houston: A Classic, redefined...because a classic never goes out of style." The market leader, Brigham/Houston, continues to grow in reputation and amount of users as the most effective approach for teaching the first undergraduate corporate finance course. This Concise version of the extremely successful, Brigham/Houston-Fundamentals of Financial Management, contains the same level of topical rigor while also reflecting the latest in theory, research, real-world examples, and use of technology as Fundamentals. The seamless, integrated ancillary package, still painstakingly prepared by the authors, is a hallmark of the Brigham/Houston package which reduces course preparation time for instructors and makes the subject more accessible for learners. New for this edition is the addition of iLrn Finance, an online student assessment and tutorial resource to help improve student performance. Additionally, access to Thomson ONE - Business School Edition, an online financial database that students can use to complete projects or select end of chapter exercises, is included with each new text.Customer Reviews:
Excellent textbook for gaining an understanding of Finance.......2007-03-10
Great Service.......2006-12-21
fundamentals of financial management.......2006-11-06
great book.......2006-09-26
pc6.......1999-02-25
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Fundamentals of Cost Accounting
Michael W Maher , William N. Lanen , and Madhav V. Rajan Manufacturer: McGraw-Hill/Irwin ProductGroup: Book Binding: Hardcover Similar Items:
Accessories: ASIN: 0073018376 |
Book Description
A direct, realistic, and efficient way to learn cost accounting. Fundamentals is short (736 pages) making it easy to cover in one semester. The authors have kept the text concise by focusing on the key concepts students need to master. Opening vignettes and In Action boxes show realistic applications of these concepts throughout. The Topic Tackler CD reinforces this realism with video clips of different businesses that use cost accounting. Comprehensive end-of-chapter problems plus Homework Manager provide students with all the practice they need to fully learn each concept.
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Fundamentals of Corporate Finance Standard Edition + S&P Card + Student CD
Stephen A. Ross , Randolph W Westerfield , and Bradford D Jordan Manufacturer: McGraw-Hill/Irwin ProductGroup: Book Binding: Hardcover Similar Items:
Accessories:
ASIN: 0073134287 |
Book Description
The best-selling Fundamentals of Corporate Finance (FCF) is written with one strongly held principle– that corporate finance should be developed and taught in terms of a few integrated, powerful ideas. As such, there are three basic themes that are the central focus of the book: 1) An emphasis on intuition—underlying ideas are discussed in general terms and then by way of examples that illustrate in more concrete terms how a financial manager might proceed in a given situation. 2) A unified valuation approach—net present value (NPV) is treated as the basic concept underlying corporate finance. Every subject covered is firmly rooted in valuation, and care is taken to explain how particular decisions have valuation effects. 3) A managerial focus—the authors emphasize the role of the financial manager as decision maker, and they stress the need for managerial input and judgment. The Seventh Edition continues the tradition of excellence that has earned Fundamentals of Corporate Finance its status as market leader. Every chapter has been updated to provide the most current examples that reflect corporate finance in today’s world. The supplements package has also been updated and improved. From a new computerized test bank that is easier than ever to use, to new narrated PowerPoint for students, to new interactive learning modules, student and instructor support has never been stronger. There is also an optional, exciting new web-based program called “Homework Manager” that will help your students learn corporate finance by duplicating problems from each chapter in the textbook and by providing automatic grading and feedback to both students and instructors.Customer Reviews:
finance.......2007-07-17
Worthless.......2006-11-01
Excellent text.......2006-03-24
Excellent readibility and examples, did well in class.......2006-02-25
Good Text For Beginners.......2005-12-16
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Fundamentals of Corporate Finance Alternate Edition + S&P card + Student CD (McGraw-Hill/Irwin Series in Finance, Insurance and Real Esta)
Randolph W Westerfield , and Bradford D Jordan Manufacturer: McGraw-Hill/Irwin ProductGroup: Book Binding: Hardcover Similar Items:
Accessories: ASIN: 0073134295 |
Book Description
The best-selling Fundamentals of Corporate Finance (FCF) is written with one strongly held principle– that corporate finance should be developed and taught in terms of a few integrated, powerful ideas. As such, there are three basic themes that are the central focus of the book: 1) An emphasis on intuition—underlying ideas are discussed in general terms and then by way of examples that illustrate in more concrete terms how a financial manager might proceed in a given situation. 2) A unified valuation approach—net present value (NPV) is treated as the basic concept underlying corporate finance. Every subject covered is firmly rooted in valuation, and care is taken to explain how particular decisions have valuation effects. 3) A managerial focus—the authors emphasize the role of the financial manager as decision maker, and they stress the need for managerial input and judgment. The Seventh Edition continues the tradition of excellence that has earned Fundamentals of Corporate Finance its status as market leader. Every chapter has been updated to provide the most current examples that reflect corporate finance in today’s world. The supplements package has also been updated and improved. From a new computerized test bank that is easier than ever to use, to new narrated PowerPoint for students, to new interactive learning modules, student and instructor support has never been stronger. There is also an optional, exciting new web-based program called “Homework Manager” that will help your students learn corporate finance by duplicating problems from each chapter in the textbook and by providing automatic grading and feedback to both students and instructors.Books:
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