Summaries of books about Investing:
Investment
A History
Norton Reamer|Jesse Downing
The book traces the evolution of investment from ancient times to the modern era, exploring how investment strategies, vehicles, and markets have developed and influenced economies and societies. It examines the role of various players in the investment landscape, including individual investors, institutions, and regulators, and discusses the ethical considerations and future of investing.
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SuperCycles
The New Economic Force Transforming Global Markets and Investment Strategy
Arun Motianey
The book delves into the concept of supercycles—long-lasting, pervasive trends in global economics that influence markets and investment strategies. It examines the causes and effects of these supercycles, providing insights on how investors can adapt to and capitalize on the resulting economic shifts.
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The Big Investment Lie
What Your Financial Advisor Doesn't Want You to Know
Michael Edesess
The book exposes the fallacies and misleading advice often propagated by the financial services industry, arguing that many investment strategies sold to consumers do not outperform simple index funds. It provides insights into how financial advisors and firms profit from complex products and frequent trading, while advocating for a more straightforward, lower-cost approach to investing.
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Inside the Yield Book
The Classic That Created the Science of Bond Analysis
Martin L. Leibowitz|Sidney Homer|Stanley Kogelman
The book provides a comprehensive analysis of the fixed-income market, introducing readers to the principles and applications of bond analytics. It covers topics such as yield measures, the behavior of bond prices, and the structure of interest rates, offering insights into the science behind bond investment strategies and portfolio management.
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Charles Schwab
How One Company Beat Wall Street and Reinvented the Brokerage Industry
John Kador
The book chronicles the rise of Charles Schwab Corporation and its founder, detailing how the firm revolutionized the brokerage industry by offering low-cost, accessible trading to the average investor. It explores the strategies and innovations that allowed the company to thrive and outmaneuver traditional Wall Street firms.
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Gold Trading Boot Camp
How to Master the Basics and Become a Successful Commodities Investor
Gregory T. Weldon
The book provides a comprehensive guide to understanding the gold market, including the economic, political, and market factors that influence gold prices. It offers practical strategies and insights for trading and investing in gold, drawing on the author's extensive experience in the commodities market.
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Toward Rational Exuberance
The Evolution of the Modern Stock Market
B. Mark Smith
The book traces the development of the stock market from its early days to the late 20th century, examining the changes in trading practices, regulatory frameworks, and technological advancements. It provides an analysis of how these factors have shaped investor behavior and market dynamics, leading to periods of both stability and volatility.
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The Bond Book
Everything Investors Need to Know About Treasuries, Municipals, GNMAs, Corporates, Zeros, Bond Funds, Money Market Funds, and More
Annette Thau
The book serves as a comprehensive guide to the bond market, explaining various types of bonds including treasuries, municipals, and corporates, as well as investment strategies and risk assessment. It also covers the intricacies of bond funds, money market funds, and the calculations for yield and pricing, catering to both novice and experienced investors.
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21st Century Investing
Redirecting Financial Strategies to Drive Systems Change
William Burckart|Steven Lydenberg
The book provides a framework for investors to align their financial strategies with long-term sustainability goals, advocating for a shift from traditional investing to approaches that actively drive positive change in societal systems. It offers practical guidance on how to incorporate systemic thinking into investment decisions to address environmental, social, and governance (ESG) challenges and promote a more sustainable future.
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Getting Back to Business
Why Modern Portfolio Theory Fails Investors and How You Can Bring Common Sense to Your Portfolio
Daniel Peris
The book critiques Modern Portfolio Theory (MPT) for its over-reliance on statistical models and market efficiency, arguing that these approaches disconnect investors from fundamental business ownership principles. It advocates for a return to a common-sense, business-focused investment strategy that emphasizes dividends and intrinsic value over market timing and stock picking.
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