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Cactus And Succulent Plants: Status Survey And Conservation Action Plan
IUCN/SSC Cactus and Succulent Specialist Group
Manufacturer: World Conservation Union
ProductGroup: Book
Binding: Paperback
 Cacti & Succulents
| Plants
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General
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Conservation
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ASIN: 2831703905 |
Book Description
Found in a variety of forms, cacti and other succulents have elicited widespread interest and tremendous popularity worldwide. Although the subject of a certain amount of debate, about 10,000 species are recognized as belonging to the succulent group. Of these, an estimated 2,000 are threatened with global extinction in the wild and many more are regionally or nationally threatened mainly due to habitat destruction and collection for international trade.This Action Plan brings together from around the world current information on population status, threats and conservation of this particularly important group of plants. Prepared with conservationists, scientists, governments, protected area managers and grant-awarding bodies in mind, it suggests priorities for action and encourages collaboration among interested parties at all levels.
Book Description
Now in its 6th edition this Rough Guide has been fully updated and revised. Its 24-page full-colour section introduces the author''s “things not to miss”, a selective taste of the country''s highlights: outstanding buildings, and historic sites, natural wonders and vibrant festivals. Throughout, there are discerning reviews of all the best places to stay, eat and drink, to suit any budget, from the fast-changing cities of Warsaw and Krakow to the laid-back lakeside resorts of Mazuria. There is extensive coverage of the countryside, from Slowinski National Park''s sand dunes to the alpine Tatra mountains, with practical advice on how to explore it. Finally, the Contexts section provides an authoritative background on the country''s politics, history, literature and folk music.
Customer Reviews:
Dependable.......2007-08-22
Any seasoned traveler should know that one guidebook can never tell everything we want to know, so it is always better to have a second one on hand. But if I can only bring one with me on my trips, it would be a rough guide. Actually, I think an Eyewitness Guide would be a great supplement, but I decided to leave that home since I wanted to travel light. I went to Krakow and Warsaw last winter break and relied solely on this RG.
I find the historical and cultural information to be satisfying, with just the right amount of detail (and interesting anecdotes), without overwhelming the regular traveler.
The highlight to me personally are the restaurant recommendations and indication on the maps where they are. I was satisfied with the recommendations I went to.
The best Poland travel guide out there.......2006-07-04
For my first trip to Poland, I bought the Lonely Planet travel guide. And although it was very good, I decided to try the Rough Guide for my second trip. I found it to be an absolutely outstanding travel guide. Compared to the Lonely Planet guide, it has better maps (and a LOT more of them - even for smaller towns and villages), more detailed information, and more specific information about hotels, restaurants, banks, and other facts that make traveling easier.
I'm really not sure how other reviewers here came to think that this book focuses too much on the Holocaust. Sure, it's mentioned in parts of the book, but it is by no means over-emphasized. This is a travel book, and the history presented in it is fairly cursory, as it should be since the only reason it's there is to provide some context. (In fact, the history section is actually labeled "Context").
Don't let the other reviews scare you off. This is an absolutely outstanding travel guide - one that will serve you very well.
Tiresome emphasis on the Jews, Nazis and Halocaust response.......2006-01-31
I have visited Poland twice and am thinking of a third trip. The Rough Guide was the guide book I used on my last trip. Perhaps he is tired of the emphasis on Polands recent past, but I would like to remind him of the other guide books I checked out, this was the only one that provided details of the places that I wanted to visit. On my first trip there, the deemphasis of the Jewish hallocaust was astounding, I attributed to the recent change in governments. Even the Jewish Star in the Salt Mine was zipped through. If it hadn't been for the Rough Guide, my knowlege would have been less. I'm sorry he feels it is "tiresome" it is something that can't be swept away. After all it was Poland that had a pogram AFTER WW 2 in which more returning Jews were killed. If he does not wish to read about events that happened, he should find another guide.
Kind of depressing to read........2005-10-27
While the guide gives the usual tourist information for the main attractions in Poland, it fails to interest the reader in visiting Poland. Reading it is actually kind of depressing.
Instead of emphasizing the vibrant history of Poland and its people, the guide tends to dwell on the sadness of its past - especially in its tiresome emphasis throughout on Jews, Nazis and the Holocaust. Reading it is kind of like listening to your semi-depressed, Jewish friend tell you of his first visit to Poland on a temple-sponsered trip that he didn't really want to go on.
As an American of 100% Polish descent, I was thoroughly excited to visit Poland last year for two weeks. And I loved it. This guide does not do it justice.
I recommend the Lonely Planet guide to Poland. It's accurate, thorough in what it covers and emphasizes the appeal of Poland. But I'll admit, the Rough Guide is slightly more comprehensive.
Book Description
INTRODUCTION
In many ways, Poland is one of the success stories of the new Europe, transforming itself from a one-party state to a parliamentary democracy in a remarkably short period of time. More than a decade of non-communist governments has wrought profound changes on the country, unleashing entrepreneurial energies and widening cultural horizons in a way that pre-1989 generations would have scarcely thought possible. Gleaming corporate skyscrapers have taken root in Warsaw, and private shops and cafés have established themselves in even the most provincial of rural towns. The country has a radically different look about it, having exchanged the greyish tinge of a state-regulated society for the anything-goes attitude of private enterprise - and all the billboards and window displays that go with it.
However at the heart of modern Poland lies an all-too-familiar paradox: the very people who made the country's democratic revolution possible - militant industrial workers and anticommunist intellectuals - have found themselves marginalized in a society in which street-smart businessmen and computer-literate youth are far better poised to take advantage of the brave new Poland's burgeoning opportunities.
All this may come as a shock to those who recall the Poland of the 1980s, when images of industrial unrest and anticommunist protest were beamed around the world. Strikes at the Lenin shipyards of Gdansk and other industrial centres were the harbingers of the disintegration of communism in Eastern Europe, and, throughout the years of martial law and beyond, Poland retained a near-mythical status among outside observers as the country that had done most to retain its dignity in the face of communist oppression.
For many Poles, the most important events in the movement towards a post-communist society were the visits in 1979 and 1983 of Pope John Paul II, the former archbishop of Kraków. To the outside world this may have been surprising, but Poland was never a typical communist state: Stalin's verdict was that imposing communism on Poland was like trying to saddle a cow. Polish society in the postwar decades remained fundamentally traditional, maintaining beliefs, peasant life and a sense of nationhood to which the Catholic Church was integral. During periods of foreign oppression - oppression so severe that Poland as a political entity has sometimes vanished altogether from the maps of Europe - the Church was always the principal defender of the nation's identity, so that the Catholic faith and the struggle for independence have become fused in the Polish consciousness. The physical presence of the Church is inescapable - in Baroque buildings, roadside shrines and images of the national icon, the Black Madonna of Czestochowa - and the determination to preserve the memories of an often traumatic past finds expression in religious rituals that can both attract and repel onlookers.
World War II and its aftermath profoundly influenced the character of Poland: the country suffered at the hands of the Nazis as no other in Europe, losing nearly twenty percent of its population and virtually its entire Jewish community. In 1945 the Soviet-dominated nation was once again given new borders, losing its eastern lands to the USSR and gaining tracts of formerly German territory in the west. The resulting make-up of the population is far more uniformly "Polish" than at any time in the past, in terms of both language and religion, though there are still ethnic minorities of Belarusians, Germans, Lithuanians, Slovaks, Ukrainians and even Muslim Tatars.
To a great extent, the sense of social fluidity, of a country still in the throes of major transitions, remains a primary source of Poland's fascination. A decisive attempt to break with the communist past as well as tenacious adherence to the path of radical market economic reforms adopted in the late 1980s have remained the guiding tenets of Poland's new political leadership - a course seemingly unaltered by the changing political complexion of successive governments. Few would question the economic and human toll reaped by Poland's attempt to reach the El Dorado of capitalist prosperity - not least among the most vulnerable sectors of society: public sector employees, farmers, pensioners and the semi- or unemployed. Despite this, the Polish people, as so often before, continue to demonstrate what to the visitor may appear an extraordinary resilience and patience. Hope springs eternal in the minds of Poles, it seems, and for all the hardships involved in establishing a new! economic order - an order to which the majority of Poles retain a remarkable, if grumbling, political commitment - individual and collective initiative and enterprise of every conceivable kind is flourishing as almost nowhere else in the region.
Symbolizing a transformed geopolitical landscape, the new millennium finds Poland a member of NATO, the US-led military alliance of which it was - officially at least - a sworn enemy only ten years previously. Perhaps even more significantly, Poland, along with neighbours the Czech Republic and Hungary, is now decisively engaged in EU membership negotiations, a move that if - or more accurately, when - it actually happens promises to transform the country more profoundly than anything since the advent of communism.
Tourism is proving no exception to Poland's general "all change" rule, but despite the continuing state of flux in the country's tourist infrastructure, it is now easier to explore the country than anyone could have imagined only a few years back. This sea change is reflected in continuing and significant increases in the numbers of people visiting the country.
Encounters with the people are at the core of any experience of the country. On trains and buses, on the streets or in the village bar, you'll never be stuck for opportunities for contact: Polish hospitality is legendary, and there's a natural progression from a chance meeting to an introduction to the extended family. Even the most casual visitor might be served a prodigious meal at any hour of the day, usually with a bottle or two of local vodka brought out from the freezer.
Customer Reviews:
Rough is right.......2003-08-17
The only thing rough about this book is that it was allowed to pass a copy editor and onto printing while in rough draft form. This is by far one of the worst travel guides I have ever purchased...way out of date, biased, bigoted. If one ever intended to see the out of the way sights by using this book you may just as well forget it. The maps are unusable, there are no helpful tourists tips ie where to catch a tourist bureau, a restroom, etc. It makes you not want to visit Poland at all. What a shame since getting off into the country side areas, even cities of 10-25,00 people there is no info. Save your money and buy a national geographic subscription. ken gorski, el paso, texas August 16, 2003
Not the whole story.......2001-03-06
Don't want to sound like I'm shilling for Amazon.com, but if you're going to be in Poland for more than a few days, I would recommend both the Rough Guide and the Lonely Planet Poland guides.
Both the strength and the weakness of the Rough Guide is that it is written by a Western European (or is he a North American?) who experiences Poland in a way I assume would be similar to most readers of English-language guides. That means sometimes he's sarcastic and dismissive when he shouldn't be. It is true, what other reviewers said about his tendency to question the essential Polishness of towns, people, etc. There's about 900 years of propaganda behind a lot of this, and I doubt the author is conversant with that history. On the other hand, his general reactions to things -- the beauty of Krakow, bad first impressions of Warsaw, the horror of Auschwitz, etc. -- were similar to my own reactions.
I have found the Lonely Planet guide to be generally the more accurate of the two on the mundane details. It's also more balanced in its interpretations, though that is a matter of perspective. The author is a Pole, and his superior knowledge and understanding of just about everything both books cover is pretty evident. In no way is the book written from a crude, nationalistic standpoint, but he nevertheless doesn't quite connect to the reader in some vital way the author of Rough Guide Poland does. Maybe it's because he writes as a native rather than a sardonic ex-pat. If you're buying just one Poland guidebook, go with Lonely Planet.
Probably the best source.......2001-03-02
This guide had extensive information on Poland, including coverage of many small towns omitted from other books. It is much more thorough than Lonely Planet. It also includes more information on sites of Jewish interest, which Lonely Planet virtually ignores. Perhaps that is why the other reviewer considered it a negative book.
As with most guides geared to a budget audience, information on upmarket hotels and restaurants is limited at best. However, there is much more detail of things off the beaten path than one would find in a more upmarket guide.
Poland, The Rough Guide.......2000-04-25
This book is very negative in presenting Poland and its culture. Every time the author mentions something worth visiting, it is with reservations and he makes sure to diminish it in some way by subtly bringing negative aspects or comparisons (or questioning Polish origins of it.) Makes you wonder what were the reasons for writing this book. Many names are misspelled and prices not very accurate, especially for higher priced hotels and restaurants. Lonely Planet's Poland is much more enjoyable and accurate.
Book Description
Widely respected and admired, Philip Fisher is among the most influential investors of all time. His investment philosophies, introduced almost forty years ago, are not only studied and applied by today's financiers and investors, but are also regarded by many as gospel. This book is invaluable reading and has been since it was first published in 1958. The updated paperback retains the investment wisdom of the original edition and includes the perspectives of the author's son Ken Fisher, an investment guru in his own right in an expanded preface and introduction
"I sought out Phil Fisher after reading his Common Stocks and Uncommon Profits...A thorough understanding of the business, obtained by using Phil's techniques...enables one to make intelligent investment commitments."
Warren Buffet
Customer Reviews:
Not sure if it is applicable to an average investor.......2007-07-29
One of the main, repetitive advices is this book is to talk to the CEO or CFO of the company whose stock you are going to buy. I am rather confused how that is possible for an average investor. Since I am not yet in the same league as Warren Buffet or even Mr Fisher, I found much of the book's advice useless to me.
There are some good points though (not paying attention to trailing P/E too much, not being obsessed with price of the stock, Cost averaging, not selling a winner to take profits, etc.) which make the audiobook useful.
Worth reading for the practical parts.......2007-04-24
I realized before I looked up this title on Amazon, it would have alot of 5 star reviews, simply for Fisher's stature in the market, and the praise he gets from Buffett. Having said that, your typical investor will probably not analyze the company the same way Fisher did.
Example in the book: Point 10-How good are the company's cost analysis and accounting controls? Fisher suggests talking to people within the company, at least to try to get some feel of how good they are, knowing it will be very difficult to get a precise understanding of how good they are. He spends a page basically explaining accounting controls are important, but it's difficult to analyze in a company.
There are a few things in the book like that above. Fisher stressed talking to the competition to get a sense of how well the company you are actually researching is doing.
There are other important gems in the book, however, that you should be able to find readily available on the internet or newspaper. These concepts have allowed me to make good money in the market, that I would have otherwise not earned as an investor in growth stocks. For that reason, this book is highly recommended for your growth stock investor.
It is so interesting to see Fisher praise companies such as Alcoa, Dupont, Dow, IBM, Texas Instruments, Hewlett Packard, and Motorola as excellent growth companies... in 1957. Very rarely does he mention a company not in business today, and I can only think of 2 that didn't "work out," Ampex and California Micro Devices. Neither of these are growth stories. However, continuing to name companies in 1957 that are today, steady, sizable operations should tell you something about his acumen for picking strong long term investments.
This is a book worth reading, understand some concepts will be hard to implement, but seeing the results he obtained gives you incentive to do the best you can to research as much as he did.
In summary: This book is not overrated, and it is the best "growth stock" book I have ever read.
You can ignore this book, but only at your PERIL!!!!.......2007-03-09
Having been associated with Wall Street for 35 years, I was lucky enough to have been in the same room with Philip Fisher on more than one occasion. He was a completely self-contained man, extremely comfortable in his own skin. He knew who he was, what he was, and what he could be. He possessed zero airs about him. These traits seem to run freely in many MASTER investors, including Warren Buffett.
Many have mentioned that Buffett considers himself to be 85% Benjamin Graham, and 15% Philip Fisher. This needs to be updated. If you spoke with Buffett today, he would tell you that those ratios are distorted, and the reason is Charlie Munger, Warren Buffett's investing partner at Berkshire Hathaway.
Charlie Munger is cut from the same cloth as Philip Fisher. They are growth players, and willing to pay up for a stock. For decades Buffett could NEVER PAY UP for a stock. He wanted them dirt cheap, so cheap in fact that some big plays got away from him forever. I don't know how many years ago, Buffett mentioned in a meeting I attended that he once owned a considerable amount of Disney. It would be a controlling amount in today's market; it got away from him, and tens of billions of dollars in that play alone.
In the old days when Buffett was strictly Graham and Dodd, he could not buy a GROWTH stock. He still cringes at the thought. Munger however taught Buffett to pay up. An example was Flight Safety International for which Buffett paid a previously unheard price-earning ratio. There are people around Buffett who know him well who will tell you that Munger is the superior investor. What you need to know is that sometimes stocks are DIRT CHEAP because they are DIRT, to use a Munger line.
Philip Fisher like Munger is a MASTER INVESTOR worthy of spending whatever time you can spare studying. If you want to walk in the footsteps of a MASTER, you must study the MASTER, and Fisher has a tremendous amount to offer.
I have managed billions of dollars in my lifetime. I am telling you this because you need to know that the SKUTTLEBUTT method that Fisher is famous for is something that anyone can used, starting today. Most of Wall Street research or any research that I have seen over the decades is not worth the paper it is printed on. On more than one occasion I have asked if the paper is soft enough to use for toilet paper.
With the scuttlebutt method, you talk to everyone but the company you are studying. Please allow me to illustrate. If you are thinking of investing in a car company, you start visiting car dealers. You learn the lingo, you read trade periodicals, maybe even a few car magazines, but be careful. Magazines and newspapers are completely jaded in their reporting by how much advertising dollars they receive from certain companies. You didn't know that because no one will ever dare print it.
If a newspaper wants to bury an important story on a company that gives them tremendous advertising dollars, they will run the unfavorable story, but it will be in the Saturday morning edition, which is the least read edition of the week. You need to know these things. I used Scuttlebutt back in the 80's, to accumulate a massive position in Chrysler when it was near bankruptcy. The stock went from $6 to $200 after splits. It isn't hard. You don't need to be a big market player, anybody really can do it.
You do need an inquisitive mind, and I believe an innovative one as well. Fisher was a guy who thought outside the box, and that's why he was immensely rich, as is his son Ken. Philip Fisher is a guy that made a fortune in FMC Corporation, owned it for 30 or more years. He was a ground floor player in Texas Instruments, owned it and made thousands of percent on the stock. He was every bit Buffett's equal, and to Fisher's credit, he gave us the greatest gift of all. He wrote a book, and was open with his readers about how to attain great wealth in the market.
He takes the "Efficient Market Hypothesis" (EMT), and blows it out of the water. His returns and Buffett's are so many standard deviations away from the mean, that EMT can't survive an investigation based on their results.
He gives you a 15-point criteria list to identify the types of companies that meet his screening. He also gives you five don'ts, and then five more to protect you as an investor. What Fisher is really doing is giving you a TEMPLATE to used as an investor. This is what you need. This is no different than going into the Marine Corps, and spending 12 weeks in basic training. Once you're done, you have certain smart behaviors drilled into your psyche so deep that in combat, and investing is combat, you can fall back on these techniques to survive. They become automatic. No matter what investment turns up, you can put it through the filters that have stood the test of time.
In closing, I would like to say one more thing about the Scuttlebutt technique. Recently, I had to make a decision to invest a considerable amount of money in the auto sector. One of the people I consulted with, is a legend in his 90's, who is the greatest mutual fund investor of the 20th century, probably worth over a billion dollars. He says to me in passing, do you know whom Toyota, the greatest car company in the world fears? The answer is the South Korean car companies. That my friends is worth a fortune, and is a 20 year stock play that Philip Fisher would have envied.
Richard Stoyeck
Value investing, but much of the advice is not applicable to the average investor........2007-02-01
Philip Fisher was one of the chief proponents of value investing. He was extremely good at it and he did very well for those whom he advised. He provides much very sound advice to one seeking to purchase stocks based on their value, as opposed to the current market mania. His advice: invest only in companies that you know and that meet the criteria laid out in the book. Unfortunately, the average investor cannot do much of what he did. In trying to know a company, he spoke to customers, competitors, the management, and lower ranking employees. To be sure, this is great advice but completely impractical for the average investor. It is much more suited to a mutual fund manager and, by inference, you should invest in those funds that follow this approach.
The version of the book that I read contains a preface and introduction by his son, Kenneth L. Fisher, himself an investment advisor of note. He points out that his father held on to some of his stocks too long, an important factor for any investor to consider. Deciding what and when to buy is much easier than deciding when to sell because selling involves having to disentangle oneself from an emotional commitment to a stock, especially to one that you may have owned for a long time.
The famous critique of classic value investing.......2007-01-05
As this is the book that influenced Warren Buffett to adjust Ben Graham's classic value investing methodology, it's definitely worth a read.
The essential message of Fisher is that it is better to pay a premium for a great business than a discount for a lousy business. To this end, Fisher goes about explaining how to uncover such great businesses in the securities market.
Robert Stephenson-Padron
MSc student (economics & finance)
University of Navarra, Spain
Customer Reviews:
A must read for Fundamental Investors........2006-12-03
Philip Fisher's thoughts and experience are invaluable and timeless. Not as boring (to read) as the intelligent investors (though both are equally important reading). I particularly like the chapters about "Fifteen points to look in a common stocks","when to buy", "when to sell", "Five don't", and "Developing your investment philosophies". One particular topic that I like best is about "Don't follow the crowd". Also on "How I go about finding a growth stock"
Some of the area that the a company/stock (to buy) should have a lot of these criteria:
1. Product and service with potential increase in sales for seveal years
2. Management who commited to develop products to continue growth
3. Size of company's research versus its size (enough research needed)
4. Good sales organization
5. Worthwhile profit margin
6. Activity to improve profit margin
7. Good labor and personal relation
8. Outstanding executove relations
9. Depth in management
10. Good accounting controls and cost analysis
11. favorable (degree of skills) compare to the competition
12. Long range outlook on profit
13. Equity financing in the next couple years should ot cancel the existing shareholder benefit from the anticipated growth
14. Management talk freely to investor about tings that goes well and also when things doesn't go well
15. Management needs to have unquestionable integrity
Five don'ts for investor:
1. Don't buy into promotional companies (development companies)
2. Don't ignore stocks just becuase it is traded over the counter
3. Don't buy stocks because you like the tone of annual report
4. Don't assume the high price is an indication of future growth
5. Dont quibble over small fraction (when you buy a stock)
Five additional don'ts for Investor
1. Don't overstress diversification
2. Don't be afraid buying in a war scare
3. Don't forget your Gilbert and Sullivan
4. Don't fail to consider time as well as price in buying a true growth stock
5. Don't follow the crowd
This book also covers what a good business should have (it recaps of what they teach you in business school). I have 10 years of investing experience before I read this book (I know I should have read this book earlier), and in my opinion this book should work as a guideline to develop our own investing philosophies (and not our philosophy itself). There are no one size fits all strategy in the investing world. This book will also help to open your eyes (especially for beginner) that investing (the right way) is not easy and is a complex process, however the result from a patient and diligent investor could be great.
There are 3 important aspects of a business (apart from the stock price) which this book will cover most of them:
1. The Business (and the Industry)
2. The Financials
3. The People (Management, Personnel)
I also recommend you all to read Ben Graham's "The Intelligent Investors" (with commentary by Jason Zweig who will give more recent and relevant example), and Peter Lynch's "One up on Wall Street". Once you read them all (coupled with some real experience), then you are ready to be an investing pro...
Happy Investing!
Average customer rating:
- A must read for Fundamental Investors
|
Common Stocks and Uncommon Profits
Manufacturer: Harper Brothers
ProductGroup: Book
Binding: Hardcover
ASIN: B000B7OSMS |
Product Description
From the Foreword -- "Philip Fisher has consistently made large capital gains for his clients and for himself but that is not the best qualification for writing a book like this. I think that he has more nearly thought out the complicated problem of successful stock investment than anyone else I know. His superior results are not based on talent or feel alone. They are based on shrewd observation of cause and effect. One reason he bears down so hard on a lot of the platitudes about investment that fill up most books on the subject is that he instinctively is suspicious of pat answers and vague generalizations." -- Jeremy C. Jenks from the Foreword
Customer Reviews:
A must read for Fundamental Investors.......2006-12-03
Philip Fisher's thoughts and experience are invaluable and timeless. Not as boring (to read) as the intelligent investors (though both are equally important reading). I particularly like the chapters about "Fifteen points to look in a common stocks","when to buy", "when to sell", "Five don't", and "Developing your investment philosophies". One particular topic that I like best is about "Don't follow the crowd". Also on "How I go about finding a growth stock"
Some of the area that the a company/stock (to buy) should have a lot of these criteria:
1. Product and service with potential increase in sales for seveal years
2. Management who commited to develop products to continue growth
3. Size of company's research versus its size (enough research needed)
4. Good sales organization
5. Worthwhile profit margin
6. Activity to improve profit margin
7. Good labor and personal relation
8. Outstanding executove relations
9. Depth in management
10. Good accounting controls and cost analysis
11. favorable (degree of skills) compare to the competition
12. Long range outlook on profit
13. Equity financing in the next couple years should ot cancel the existing shareholder benefit from the anticipated growth
14. Management talk freely to investor about tings that goes well and also when things doesn't go well
15. Management needs to have unquestionable integrity
Five don'ts for investor:
1. Don't buy into promotional companies (development companies)
2. Don't ignore stocks just becuase it is traded over the counter
3. Don't buy stocks because you like the tone of annual report
4. Don't assume the high price is an indication of future growth
5. Dont quibble over small fraction (when you buy a stock)
Five additional don'ts for Investor
1. Don't overstress diversification
2. Don't be afraid buying in a war scare
3. Don't forget your Gilbert and Sullivan
4. Don't fail to consider time as well as price in buying a true growth stock
5. Don't follow the crowd
This book also covers what a good business should have (it recaps of what they teach you in business school). I have 10 years of investing experience before I read this book (I know I should have read this book earlier), and in my opinion this book should work as a guideline to develop our own investing philosophies (and not our philosophy itself). There are no one size fits all strategy in the investing world. This book will also help to open your eyes (especially for beginner) that investing (the right way) is not easy and is a complex process, however the result from a patient and diligent investor could be great.
There are 3 important aspects of a business (apart from the stock price) which this book will cover most of them:
1. The Business (and the Industry)
2. The Financials
3. The People (Management, Personnel)
I also recommend you all to read Ben Graham's "The Intelligent Investors" (with commentary by Jason Zweig who will give more recent and relevant example), and Peter Lynch's "One up on Wall Street". Once you read them all (coupled with some real experience), then you are ready to be an investing pro...
Happy Investing!
Average customer rating:
|
Fundamental Accounting Principles, Chapters 1-18, Financial Chapters with FAP Partner Vol. 1 & 2 CDs, Net Tutor & PowerWeb Package
Kermit D. Larson ,
John J Wild , and
Barbara Chiappetta
Manufacturer: McGraw-Hill/Irwin
ProductGroup: Book
Binding: Hardcover
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Book Description
Fundamental Accounting Principles, 16e by Larson, Wild, Chiappetta is one of the most contemporary principles of accounting texts on the market. Its innovation is reflected in its extensive use of entrepreneurial examples, the integration of new computerized learning tools, and a highly engaging, pedagogical design. The new incorporation of the Topic Tackler / Accounting Cycle CD-ROM provides students with yet another advantage as they strive to understand the key concepts of accounting and their role in business. Our revision plan was devised with feedback from both users and non-users including focus groups from around the country. With years of research studying this market, our author team makes the 16th edition of Fundamental Accounting Principles one of the most innovative and reliable principles of accounting texts in the market.
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- First Things First: To Live, to Love, to Learn, to Leave a Legacy
- Flora of the Prairies and Plains of Central North America
- Florida's Fabulous Trees
- Gene Cloning and Manipulation
Books Index
Books Home
Recommended Books
- Kaplan GMAT, 2007 Edition: Premier Program
- It's Called a Breakup Because It's Broken: The Smart Girl's Break-Up Buddy
- England's Elizabeth: An Afterlife in Fame and Fantasy
- Ernest Hemingway A to Z: The Essential Reference to the Life and Work
- Freakonomics
- History: Fiction or Science
- Lonely Planet Amsterdam
- Social Indicators: The EU and Social Inclusion
- Fair Use and Free Inquiry: Copyright Law and the New Media, Second Edition
- Courtyard Housing: Past, Present, Future
