Kirjahaku

How One Man Created a Profession—and Entirely Transformed the World of Investing“The small list of investment books that must grace the library of any serious investor—not to gather dust, but to be opened over and over again—just grew by one. This wonderful compilation of the wit and wisdom of Benjamin Graham is the new addition. Savor it. Learn from it. Treasure it.” John C. Bogle, founder and former Chief Executive, The Vanguard Group“If youth is measured by creativity and excitement about new ideas and a thirst for learning, then Ben Graham-in his early 80s-was the youngest guy in the room when two-dozen stellar investment managers met for three days to explain the inner workings of investment management.” Charles D. Ellis, CFA, Bestselling Author of Winning the Loser's Game“These writings, spanning over 30 years, help us understand even better the remarkable achievement of this visionary man and his lasting influence on the finance profession.” Burton Malkiel, Princeton University, Bestselling Author of A Random Walk Down Wall Street “Investing involves the intelligent triangulation between fundamentals, psychology, and prices. Benjamin Graham, Building a Profession . . . illustrates how this investment legend never stopped thinking about this multi-dimensional challenge.” Seth Klarman, The Baupost Group“Serious professionals in the investment business will delight in pouring over this and checking their own thoughts against those of the master.” Jeffrey J. Diermeier, CFA, Diermeier Family Foundation, and former CFA Institute president and CEO“This is a must-read for anyone interested in the history and development of our profession and the importance of critical investment thinking.” Gary P. Brinson, CFA, GP Brinson Investments“Some investors ('the happy few') know that Ben Graham's writings on financial analysis give them a leg up. So they will want to read this book, and other investors should.” Jean-Marie Eveillard, First Eagle Funds “The CFA Institute and Jason Zweig have performed an invaluable service to our profession in collecting these [writings] in one volume.” William H. Miller, CFA, Legg Mason Funds Management About the Book:When Benjamin Graham began workingon Wall Street in 1914, the centerof American finance resembled a lawless frontier.The concept of regulatory laws was in itsinfancy, the SEC wouldn’t see the light of dayfor 20 years, and many firms hid assets andearnings from nosy outsiders.And security analysts didn’t exist as weknow them. They were called “diagnosticians,”and they didn’t do much analyzing. These investorsprided themselves on going with the“feel” of the market, and most of them rarelylooked at a financial statement.Appalled by the lack of research and quantification,Benjamin Graham set out to changeall this—and ended up creating the disciplineof modern security analysis.A collection of rare writings by and interviewswith one of financial history’s most brilliantvisionaries, Benjamin Graham, Building aProfession presents Graham’s evolution of ideason security analysis spanning five decades.Articles include:“Should Security Analysts Have aProfessional Rating? The Affirmative Case”Financial Analysts Journal (1945)“Toward a Science of Security Analysis”Financial Analysts Journal (1952)“Inflated Treasuries and DeflatedStockholders: Are CorporationsMilking Their Owners?” Forbes (1932)“The Future of Financial Analysis”Financial Analysts Journal (1963)“Controlling versus OutsideStockholders” Virginia Law Weekly (1953)These pages reveal the revolutionary ideas of aman who didn’t so much find his calling as hecreated it from scratch—and opened the doorfor entire generations of investors.

One of today's most influential financial commentators offers his advice on keeping your money safe in an uncertain world The Little Book of Safe Money acts as a guide for those trying to make their way through today's down markets. The topics covered include everything from investing behavior-why our minds come with their own set of biases that often prove harmful-to the use of financial advisors. But this timely book goes one step further than the rest by questioning an investor's true appetite for risk. The Little Book of Safe Money also contradicts many of the myths that whirl around Wall Street with chapters like "Why Ultra-ETFs Are Mega-Dangerous" and "Hedge-Fund Hooey." Writing in the classic Little Book style, author Jason Zweig peels away layer after layer of buzz words, emotion, and myths to reveal what's really going on in today's financial markets. Outlines strategies for satisfying our ever-changing investment appetites while focusing on a long-term financial planAuthor Jason Zweig is a trusted voice in the financial community and his straightforward style resonates with investorsOffers practical guidance, tools, and tips for surviving and thriving in a down market If you're serious about succeeding in today's turbulent markets, then The Little Book of Safe Money is what you should be reading.

Drawing on the latest scientific research, Jason Zweig shows what happens in your brain when you think about money and tells investors how to take practical, simple steps to avoid common mistakes and become more successful. What happens inside our brains when we think about money? Quite a lot, actually, and some of it isn't good for our financial health. In Your Money and Your Brain, Jason Zweig explains why smart people make stupid financial decisions--and what they can do to avoid these mistakes. Zweig, a veteran financial journalist, draws on the latest research in neuroeconomics, a fascinating new discipline that combines psychology, neuroscience, and economics to better understand financial decision making. He shows why we often misunderstand risk and why we tend to be overconfident about our investment decisions. Your Money and Your Brain offers some radical new insights into investing and shows investors how to take control of the battlefield between reason and emotion. In the course of his research, Zweig visited leading neuroscience laboratories and subjected himself to numerous experiments. He blends anecdotes from these experiences with stories about investing mistakes, including confessions of stupidity from some highly successful people. Then he draws lessons and offers original practical steps that investors can take to make wiser decisions. Anyone who has ever looked back on a financial decision and said, "How could I have been so stupid?" will benefit from reading this book.

The Devil's Financial Dictionary skewers the plutocrats and bureaucrats who gave us exploding mortgages, freakish risks, and banks too big to fail. And it distills the complexities, absurdities, and pomposities of Wall Street into plain truths and aphorisms anyone can understand.An indispensable survival guide to the hostile wilderness of today's financial markets, The Devil's Financial Dictionary delivers practical insights with a scorpion's sting. It cuts through the fads and fakery of Wall Street and clears a safe path for investors between euphoria and despair. Staying out of financial purgatory has never been this much fun.Definitions include:DAY-TRADER, n. See IDIOT.FEE, n. A tiny word with a teeny sound, which nevertheless is the single biggest determinant of success or failure for most investors. Those who keep fees as low as possible will, on average, earn the highest possible returns.

Ljudi ezhednevno prinimajut finansovye reshenija. Berut ipoteku, menjajut dollary na ieny, zapasajutsja grechkoj, investirujut v aktsii i kriptovaljutu - chtoby poluchat vygodu. Milliardy nejronov v golove homo economicuc rabotajut nad etoj tselju. Oni upravljajut dengami, no ne vsegda sokhranjajut i priumnozhajut. Pochemu? Chtoby otvetit na etot vopros, Dzhejson Tsvejg, redaktor vechnogo bestsellera "Razumnyj investor", otpravilsja v veduschie nejrobiologicheskie laboratorii i podverg sebja mnozhestvu nauchnykh eksperimentov. V etoj knige on objasnjaet, v kakie igry igraet razum s dengami, suschestvuet li algoritm uspeshnogo finansovogo povedenija. I esli da, to kak ego najti i, nakonets, razbogatet. Dzhejson Tsvejg - redaktor Bendzhamina Grema i ego bessmertnogo bestsellera "Razumnyj investor", obozrevatel The Wall Street Journal. Vkhodit v sostav redkollegij zhurnalov Financial History i The Journal of Behavioral Finance. "Eta zanimatelnaja kniga soderzhit ogromnoe kolichestvo sereznoj informatsii o vashem mozge, o vashem razume i o vashikh dengakh. Vy mnogomu nauchites, kogda prochitaete ee v pervyj raz, i, verojatno, zakhotite prochitat ee esche raz, chtoby uznat bolshe". - Daniel Kaneman, laureat Nobelevskoj premii po ekonomike 2002 goda

Ljudi ezhednevno prinimajut finansovye reshenija. Berut ipoteku, menjajut dollary na ieny, zapasajutsja grechkoj, investirujut v aktsii i kriptovaljutu - chtoby poluchat vygodu. Milliardy nejronov v golove homo economicuc rabotajut nad etoj tselju. Oni upravljajut dengami, no ne vsegda sokhranjajut i priumnozhajut. Pochemu? Chtoby otvetit na etot vopros, Dzhejson Tsvejg, redaktor vechnogo bestsellera "Razumnyj investor" otpravilsja v veduschie nejrobiologicheskie laboratorii i podverg sebja mnozhestvu nauchnykh eksperimentov. V etoj knige on objasnjaet, v kakie igry igraet razum s dengami, suschestvuet li algoritm uspeshnogo finansovogo povedenija. I esli da, to kak ego najti i, nakonets, razbogatet.

75th Anniversary EditionThe classic work on investing, filled with sound and safe principles that are as reliable as ever, now revised with an introduction and appendix by financial legend Warren Buffett—one of the author’s most famous students—and newly updated commentaries on each chapter from distinguished Wall Street Journal writer Jason Zweig.“By far the best book about investing ever written.”—Warren BuffettSince its original publication in 1949, Benjamin Graham’s revered classic, The Intelligent Investor, has taught and inspired millions of people worldwide and remains the most respected guide to investing. Graham’s timeless philosophy of “value investing” helps protect investors against common mistakes and teaches them to develop sensible strategies that will serve them throughout their lifetime.Market developments over the past seven decades have borne out the wisdom of Graham’s basic policies, and in today’s volatile market, The Intelligent Investor remains essential. It is the most important book you will ever read on making the right decisions to protect your investments and make them grow.Featuring updated commentaries which accompany every chapter of Graham’s book—leaving his original text untouched—from noted financial journalist Jason Zweig, this newly revised edition offers readers an even clearer understanding of Graham’s wisdom and how it should be applied by investors today.

75th Anniversary EditionThe classic work on investing, filled with sound and safe principles that are as reliable as ever, now revised with an introduction and appendix by financial legend Warren Buffett--one of the author's most famous students--and newly updated commentaries on each chapter from distinguished Wall Street Journal writer Jason Zweig."By far the best book about investing ever written."--Warren BuffettSince its original publication in 1949, Benjamin Graham's revered classic, The Intelligent Investor, has taught and inspired millions of people worldwide and remains the most respected guide to investing. Graham's timeless philosophy of "value investing" helps protect investors against common mistakes and teaches them to develop sensible strategies that will serve them throughout their lifetime.Market developments over the past seven decades have borne out the wisdom of Graham's basic policies, and in today's volatile market, The Intelligent Investor remains essential. It is the most important book you will ever read on making the right decisions to protect your investments and make them grow.Featuring updated commentaries which accompany every chapter of Graham's book--leaving his original text untouched--from noted financial journalist Jason Zweig, this newly revised edition offers readers an even clearer understanding of Graham's wisdom and how it should be applied by investors today.Supplemental enhancement PDF accompanies the audiobook.