33% Off Discounts: Best Price Adventure Capitalist: The Ultimate Road Trip Review

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Adventure Capitalist: The Ultimate Road Trip Review

Jim Rogers may never hit the list of top 10 best selling authors but that's not because his latest book lacks any of the important characteristics of a bestseller. The only disqualifier is self-imposed by the author. The book is designed to blow away many common illusions and prejudices about the world we live in. It is not the stuff popular fiction is made of.
Jim is a former hedge fund manager who retired at 37, following a successful stint on Wall Street alongside George Soros. In the early nineties he published his first book Investment Biker, a story of his round-the-world trip by motorcycle.
His new book called Adventure Capitalist-The Ultimate Road Trip describes his second round-the-world trip, this time by a custom built Mercedes-Benz car. He set out with his wife Paige and a team of two other guys in 1999. The trip took them on a 240,000 kilometer journey through 116 countries and ended three years later.
I believe that this book should be required reading at schools and colleges not just because it beats Phileas Fogg's journey hands down in intellectual stimulation, but because the book is also a compendium of free-market ideas and live comparative social analysis.
Jim's starting point was to search for investment opportunities. He set out with the open mind of a moneymaker on pilgrimage to find the truth about market conditions. He is looking for profitable opportunities, businesses and countries to invest in and is not prepared to accept conventional wisdom, official or ideological distortions. He has equal contempt for the party politics in US as with those of any other country he visits. He lashes out against Turkmenbashi, the dictator in charge of Turkmenistan, for perpetuating his own brand of Stalinist cult of personality and destroying the country in the process. But then shows the same contempt for President Bush for confusing devaluation with depreciation and also with former President Clinton who he blames for failing to observe and react to the creation and bursting of the biggest market bubble in decades. "I would cast a pox on both their houses-the Democrats and the Republicans" he proclaims in exasperation.
Adventure Capitalist exposes some official and popular myths for what they are in a way that made me look at politics and religion from a very different perspective. In China, Jim tells of attending service in a Chinese Christian Church, where the local worshipers, while singing "Onward Christian Soldiers" never realized that in lands as far as North Carolina there are people like Jesse Helms who are frothing at the mouth while bemoaning religious persecution in their country.
Despite not being able to obtain a visa to drive freely though Iran, Jim still admits to holding some small investments in the country and suggests forgetting the official analysis coming from Washington. "...there is a lot of positive change coming from Iran." he claims.
Jim squarely lays the blame on the British for their Imperial invention of the passport and for the subsequent regulation of immigration by Government bureaucrats worldwide. His prediction is that in some parts of the world passports will not manage to stop the changing of borders.
He talks of countries where he likes to invest and economies that he believes are on the verge of collapse. Which ones are those? Well, let's say I don't expect he will be a best selling author in Moscow.
Jim Rogers will probably not be officially proclaimed as prophet any time soon, but I know there will be people who will quote passages of the Adventure Capitalist for the years to come.

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32% Off Discounts: Best Buy for Investment Biker: Around the World with Jim Rogers Review

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Investment Biker: Around the World with Jim Rogers Review

This is a travel book, not a financial book, period. It's 90% travel to 10% international finance/investment 101. And it's interesting because Jim gives us a glimpse of the current, recent and distant-pasts of these exotic and intriguing places he visits on his motorcycle journey which spanned 22 months. He didn't look up influential people in the places he visited. He writes about his conversations and experiences from people he "bumped into" during his trip. That's where one learns what a place is really like. He also "put his bike down" a couple of times, and spent a lot of time wrenching on it. He's no schlep.
A success on Wall Street, he has a lot of knowledge about many different parts of the world in a historical, and "future possiblility" sense in the political, economic, and cultural context. Because his experiences on this journey, which comprise this book were penned in the early 1990s, the reader can: see if Jim was right about his take on the future of these nations. Overall he's on track.
For example, the rise of Islamic extremism in poor Islamic countries that have been left behind in the technological advances and globalization of the planet. Religious resurgences in the former Soviet republics, the lack of common sense and wastefulness of the communistic system, and the then-and-now shrinking of our world via telecommunications, freer international trade, regulations, technology, and business/trade agreements.
For the ten-percent of the book that discusses general international investment, for the layman he discusses U.S. Gold and monetary policy, that are short and easy to read, as well as basic Monetary policy and Macro-economic functions. How does someone buy and sell currency? What do folks look for when the invest in a nation? Why do some countries have currency and foreign exchange controls? And, what are the positives and negatives of these monetary policies?
One historical insight Jim noted on his long trek across Russia and the former Soviet republics on his bike is that communism and Stalin in the Soviet Union were greatly helped by the invasion of Germany in WWII. Hypothetical of course, but what if Germany hadn't attacked the USSR which led to the deaths of 1/6th of the Soviet population? The invasion, loss of life, hardship and subsequent "heroic" victory helped the USSR substantially. In addition to defeating the Germans, the Soviet's victory meant the subjugation of Eastern Europe, which enabled it to extract its resources and industries which the USSR didn't immenselyviously this helped Stalin tyrannical. How long would Stalin's tyannical murder spree, with his own people starving in the 1920s, have lasted with out it? His forever-lasting economic policies were not sound, as we found out in 1991. With the subsequent victory in '45, he was a "hero." The glue that held this multi-ethnic and geographically gargantuan empire together until is collapse in 1991.
Many of his insights about where the U.S. economy and culture are headed are worthy of being considerate of. In the last several decades the U.S. currency has lost a full 1/3 of its value. Why? What is the result, both good and bad? Find out here. Jim also notes, from a rational investor standpoint that the American economy is past its glory days, and like every other nation or culture in history it will diminish in the same likes of the British and Roman Empires as examples. According to Jim, it has already begun. The world changes. Demographics change. Cultures and populations change over time. Our world and its history culturalism and not static.
Multi-cultralism: good, right? Wrong. We simply don't know. It hasn't worked anywhere else in the world. It may very well (or may not) cause a lot of problems in the United States in the future after we're dead. Multi-culturalism is a natural demographic historical process that has affected, Yugoslavia, the Soviet Union, Italy, Rwanda, Switzerland, Nigeria, China, Canada, and Latin America (among many more). Americans are too myopic to realize what ethnic, linguistic, and geographical "nationalism" can become over decades and centuries. He points out correctly the deep similarities of the folks in Alaska, the Yukon Territories, and Pacific Northwest in the U.S. What does the Pacific Northwest and British Columbia have in common with DC and Ottawa? Not much. But they do have much in common with each other.

He explained some international investment and financial models, so the layman can understand what he's saying. It's a presursor to an International finance/investment Intro class. This is why it's not a financial book. Many of his friends at "Worth" and "Money" magazine, and Wall Street (even Peter Lynch), gave a sound-bite for this book. But it won't attract the type of folks who'd read it, because it's a Travel Book and travelers read travel books, not investment books (generally speaking). So, why is Lynch's "Beating the Street" put in the same category as "Investment Biker?" Because the person in charge apparantley hasn't studied much Marketing....
He's gotta a biker-like name, Jim Rogers. He's wearing a leather jacket and chaps and has a smile on his face in the company of a good looking girlfriend. After he returned home from this trip, he drove his motorbike to Alaska. He's a biker at heart and schrewd investor in mind. Jim and Pirsig out to get together. Boy, wouldn't that be a book?

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34% Off Discounts: Best Buy for Moneyball: The Art of Winning an Unfair Game Review

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Moneyball: The Art of Winning an Unfair Game Review

Lewis, who previously wrote some of the best books on Wall Street's go-go '80s (Liar's Poker) and Silicon Valley's go-go '90s (The New New Thing), here turns his attention to professional baseball. Now, I should preface this by saying that I used to love baseball and these days it doesn't interest me much at all. There was a time when I was a total stats geek, I bought all the Bill James abstracts, played tabletop games, etc., but a combination of playing in college and the escalating money completely turned me off to the game. I knew this was supposed to be a good book but had no intention of reading it until Nick Hornby's rave review in his column in The Believer. I figured if one of my favorite British novelists liked the book, there must be something to it. I picked it up and within ten pages I was totally hooked.
The basis for the book is the question of how the Oakland A's, one of baseball's poorest teams as measured by payroll, managed to win so many games in the first few years of the new millennium. Lewis's potentially boring answer revolves around inefficiencies in the market for players, but he weaves this story around the A's General Manager, Billy Beane. Now, if you have some axe to grind with Beane, you might as well not read the book, 'cause Lewis tends to be rather fawning in many places. Still, Beane's own background and mediocre career form the perfect framework upon which to build this story about evaluating baseball talent. Beane was a hugely athletic, "can't miss" prospect, who turned down a joint football/baseball scholarship from Stanford to sign with the New York Mets out of high school. His pro career turned out to be utterly undistinguished, and this disconnect is what drove him to seek new methods of scouting and evaluating baseball talent. It also helped matters that the A's new owners refused to spend any excess money, and demanded that the team be treated as a business. Beane jettisoned conventional scouting wisdom (and to a certain extent, methods), to focus on statistical indicators not widely followed inside baseball. Here, the book takes a detour into the realm of "sabremetrics" (the statistical analysis of baseball), and various attempts to arrive at more meaningful ways to calculating a player's offensive value.
The result of developing a criteria of player valuation that was radically at odds with the prevailing wisdom of the market was that Beane was able to get the players he liked for very cheap. The rest of the book is devoted to detailing this process. Chapter 5 is probably the best, detailing how the A's orchestrated the 2002 amateur draft so that they got an inordinate amount of players they coveted for below market value. Chapters 6 and 7 discuss the loss of their three star players after the 2001 season and how managed to compensate for this. To show the Beane methodology in action during the season, the reader is taken inside several trades and roster moves. This includes a chapter on the mid-season trade for relief pitcher Ricardo Rincon, bracketed by chapters detailing Beane's pursuit of certain players who were not considered major-league material (Scott Hatteberg and Chad Bradford). The book ends on a valedictory note, as the A's set a record by winning 20 games in a row and other teams start to buy in to their methods.
It should be noted that the book is far from perfect. Lewis has an unfortunately tendency for repetition when it comes to important points and themes, hammering them home, again and again. And although he does point out many of Beane's logical inconsistencies and emotional flaws, Lewis does often come across as more of an enamored fan than a strict journalist. Some critics feel that the A's success detailed in the book was based on several star players obtained the old-fashioned way, thus disproving the whole premise. However, it has to be understood that the practices detailed in the book can't really be proven to work one way or another for another decade or so. Still the insights into challenging conventional thinking and searching for alternative data or data patterns will likely appeal to readers of Lewis' other works and are applicable far beyond baseball. And while the jury is still out, several other teams have since hired general managers with the same basic philosophy as Beane. Ultimately, it's an interesting story, and one that Lewis tells very well -- even for non baseball fans.

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45% Off Discounts: Best Buy for One Up On Wall Street : How To Use What You Already Know To Make Money In The Market Review

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One Up On Wall Street : How To Use What You Already Know To Make Money In The Market Review

This is the first book I ever read on investing. My cousin, Paul, who was a broker at Merrill Lynch, recommended it to me. I followed Paul into the financial services industry, toiling 12 long years peddling stocks, bonds, mutual funds and insurance products. During my tenure as a Wall Street professional (I use that term very loosely), I must have read 200 different books on investing. Oddly enough, I have discarded many of those poorly written investor guides and still refer back to this classic book penned by Peter Lynch, mutual fund demigod, investment guru, stock-picking legend!
At the heart of Lynch's case is that each individual has enough inherent knowledge and experience to be a successful investor. He uses numerous analogies to show investors:
1. The power of common knowledge (take advantage of what you already know) 2. You don't need to be a Wall Street analyst to uncover great investment opportunities 3. You are not disadvantaged vs. large, institutional investors You don't have to accurately predict the stock market to make money in stocks 4. To keep an open mind to new ideas
From my years on Wall Street, I found many of his theories and ideas to be completely accurate. Many other books I have read focus on the inherent evils of the possessed financial consultant community. Yes, the industry has its problems. However, $8 stock trades are not the only ingredients in profitable investing. In fact, I don't recall him emphasizing the need for discount trades, a fact over-emphasized in almost every other book I have read (remember, I am no longer in the industry...I don't need to strike a case for broker commissions). Instead, he shows you what information to focus on and how to apply it.
Do yourself a favor: Buy this book. Read it twice. It is not outdated...it is timeless. Yea, I know, you already know it all. My advice is to lose the ego and take a refresher course on common sense investing. When you finish, put it on your bookshelf. Do not give it to your kids or neighbors; buy them their own copies. This is a great book!

One Up On Wall Street : How To Use What You Already Know To Make Money In The Market Overview

THE NATIONAL BESTSELLING BOOK THAT EVERY INVESTOR SHOULD OWN Peter Lynch is America's number-one money manager. His mantra: Average investors can become experts in their own field and can pick winning stocks as effectively as Wall Street professionals by doing just a little research. Now, in a new introduction written specifically for this edition of One Up on Wall Street, Lynch gives his take on the incredible rise of Internet stocks, as well as a list of twenty winning companies of high-tech '90s. That many of these winners are low-tech supports his thesis that amateur investors can continue to reap exceptional rewards from mundane, easy-to-understand companies they encounter in their daily lives. Investment opportunities abound for the layperson, Lynch says. By simply observing business developments and taking notice of your immediate world -- from the mall to the workplace -- you can discover potentially successful companies before professional analysts do. This jump on the experts is what produces "tenbaggers," the stocks that appreciate tenfold or more and turn an average stock portfolio into a star performer. The former star manager of Fidelity's multibillion-dollar Magellan Fund, Lynch reveals how he achieved his spectacular record. Writing with John Rothchild, Lynch offers easy-to-follow directions for sorting out the long shots from the no shots by reviewing a company's financial statements and by identifying which numbers really count. He explains how to stalk tenbaggers and lays out the guidelines for investing in cyclical, turnaround, and fast-growing companies. Lynch promises that if you ignore the ups and downs of the market and the endless speculation about interest rates, in the long term (anywhere from five to fifteen years) your portfolio will reward you. This advice has proved to be timeless and has made One Up on Wall Street a number-one bestseller. And now this classic is as valuable in the new millennium as ever.

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43% Off Discounts: Best Price The Intelligent Investor: The Definitive Book on Value Investing. A Book of Practical Counsel (Revised Edition) Review

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The Intelligent Investor: The Definitive Book on Value Investing. A Book of Practical Counsel (Revised Edition) Review

When I first came across the first edition of this book in my local library in 1959, I was a teenager. Back in those days there were only a handful of books about the stock market. And I've read all of them during my junior high and high school years.
This latest updated 623-page paperback (the index alone is 33 pages) version updated by Jason Zweig is a welcome addition to this classic. The original chapters are intact, but with footnoted comments by Zweig. Moreover, he provides his own commentary on each chapter contents in a separate chapter following each original chapter. He provides extensive research, charts, tables and commentary that updates the book to the present years. He is not afraid to take on the big guns of Wall Street and show how wrong they were in some of their extremely bullish predictions during January-March 2000, when the market was at its peak.
The first nine chapters cover investing basics that all investors could benefit from. There are many truisms spouted on Wall Street that are not really true. These chapters provide the investor with a realistic picture of how Wall Street works and what investors need to do to come out ahead.
Chapters 10-20 focus strictly on fundamental analysis, stock selection, convertible issues and warrants, and other subjects. Investors who plan to invest directly in stocks should make sure to read these chapters. However, for readers more interested in investing in mutual funds, and in particular index funds, they need not concern themselves with all the detail in these chapters unless they have the time or interest in the subject matter presented.
In conclusion, the combination of pioneer Ben Graham?s original work coupled with Zweig?s meticulous and enjoyable update, make this a remarkable book about investments and investor behavior that every new and experienced investor should read. Of the 500 investing books that I?ve read, this one certainly is one of the greats of all time.

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60% Off Discounts: Buy Cheap Dictionary of Finance and Investment Terms Review

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Dictionary of Finance and Investment Terms Review

This "Barron's Guides" series of dictionaries is an indispensable and inexpensive toolkit of professional terms of art across many fields. While not infallible nor inexhaustibly complete they are convenient to use (as opposed to the heft of, let's say, Black's Law Dictionary: Deluxe Ninth Edition. And if you work with professional terms in medicine, real estate, finance, and the like but are not a specialist in those fields, these books will get you through a jungle of jargon intelligently and with confidence.

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60% Off Discounts: Purchase Cheap Jim Cramer's Getting Back to Even Review

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Jim Cramer's Getting Back to Even Review

First a caveat, Jim Cramer seriously annoys me. I rarely ever watch his show (especially after the notorious "melt-down") and less frequently read his books. However, as a college instructor and business writer, I read a lot of business books and make a point of keeping up with what is in the popular press since it tends to come up in daily questions etc...admittedly, I was also curious how well a book claiming to help people "Get back to Even" was going to do in the ratings...it's certainly a modest proposal at best and a constant reminder of financial pain at worst. Much to my surprise, Cramer actually mentions this early in the text so score one for Cramer!
The book is easy to read with a purely conversational tone; those that enjoy Cramer will feel right at home while those such as myself will still manage to get through it without constant irritation like listening to him on television. There is an abundant use of examples to explain any all all technical terms no matter how simple or complex but they do not (usually) insult the readers intelligence but rather enhance the reading nicely. The author assumes the reader has minimal prior exposure and takes little for granted so even novice investors or those that have always had their portfolio managed by someone other than themselves will not need to read with references in hand.
Now, as to the core of the concepts covered in the book itself. Cramer begins by presenting 8 new rules which are more or less "common sense" but well worth repeating given the typical lack of financial savvy of most "investors". I suspect most people will enjoy the statistics and rationale more than the actual "rules" themselves but it effective presents a foundation from which the rest of the book is written while acting as the typical disclaimer for all financial related books (ie, get your basics covered first).
Like any investment related book, there are likely areas to agree and disagree with...but if one manages to pick up a few nuggets it is well worth the time and effort to read. This book is no exception. Cramer is Pro diversification, gold/precious metals, dividends, performing your own research and weekly updates for stocks that you select. He goes into more detail than usual in how to research these stocks, his rationale for selection criteria and examples from both sucessful and non-successful examples in his own past.
For those that are well versed in reading/understanding financial statements, most of this will be rudimentary but as a person that routinely deals with people in various stages of financial literacy - there is a strong need for user-friendly information that can be applied directly to one's own portfolio. Cramer earns an "A"...he keeps the information direct, relevant and easy to understand while covering the flaws and limitations of everything from valuation to growth rates and the impact of "big money".
After a fairly robust section on dividends (like a dividends 101 abbreviated course), Cramer goes on to name 12 stocks to watcch for the recovery including a few well placed plus for his show and newsletter. As a general rule, I despise books that are thinly veiled marketing materials but in this case, didn't dock a point from the review because he showed quite a bit of self restraint and kept it to a minimum. Each recommendation is supported by a full rational including areas serviced, history, future potential etc as would be expected. Whether you agree or not, each is well worth the time for consideration and/or to use as a foundation for your own selections.
Bottom line - worth the time and effort to read. Novice investors will appreciate the examples and conversational style, more experienced investors will appreciate the actual stock selections with rational behind each even if you disagree. I suspect one of the largest complaints will be on what is NOT included in this book as well as the typical (and expected) diagreement surrounding Cramer's general investment advice...of course, readers should not expect a radical departure and will get what is expected in terms of Cramer's general investment orientation, style etc...

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Best Price Rich Dad, Poor Dad: What the Rich Teach Their Kids About Money--That the Poor and the Middle Class Do Not (Miniature Edition) Review

Are you looking to buy Rich Dad, Poor Dad: What the Rich Teach Their Kids About Money--That the Poor and the Middle Class Do Not (Miniature Edition)? here is the right place to find the great deals. we can offer discounts of up to 90% on Rich Dad, Poor Dad: What the Rich Teach Their Kids About Money--That the Poor and the Middle Class Do Not (Miniature Edition). check out the link below:

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Rich Dad, Poor Dad: What the Rich Teach Their Kids About Money--That the Poor and the Middle Class Do Not (Miniature Edition) Review

It is unfortunate that in America, the greatest nation in the free world, few people including those with high incomes understand the value of investing and the proper use of money strategies.You can live off your income, but you can't get wealthy off your income. Wealth is the result of using principles such as are in this book.I also strongly recommend "Millionaire Next Door" and for managers and leaders, read"Direct from Dell" by Michael Dell. Great books.

Rich Dad, Poor Dad: What the Rich Teach Their Kids About Money--That the Poor and the Middle Class Do Not (Miniature Edition) Overview

Anyone stuck in the rat-race of living paycheck to paycheck, enslaved by the house mortgage and bills, will appreciate this breath of fresh air. Learn about the methods that have created more than a few millionaires. This is the first abridged miniature edition of Rich Dad Poor Dad. The full-length edition has sold millions as a New York Times bestseller. As proven by the runaway success of The Secret and like titles, changing one's thinking to influence one's fortune sells big, and forms the basis of rich dad's advice. Learn to think like a rich dad and let your money work for you!

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