среда, 13 июля 2011 г.

Laura Pedersen. The Final Frontier

Laura Pedersen. The Final Frontier

Laura Pedersen began working on Wall Street in 17 years to 20 years, she has, incidentally, was the youngest, which had its own place on the American Stock Exchange (her employer rented a place for her, because she was not of age for possession of .) Not yet reached 24 years old, she made $ 1.5 million Raised in the suburbs of Buffalo, Pedersen born entrepreneur: in six years, selling tomatoes from the garden of his mother, played poker and bet on horses, in

Charles I. and E. Merrill Pierce. Declaration of Policy

Charles I. and E. Merrill Pierce. Declaration of Policy

Lasting legacy of Charles Merrill is that he has brought Wall Street to Main Street for making the stock market that has made Henry Ford for the automotive industry to adapt it to some extent for the common man. However, it was a long way from Florida, his birthplace. Although his father was a prosperous country doctor, Merrill helped pay for his training in "Emharst college" in Massachusetts, serving waiter, tables and selling mail-order

Michael H. Steinhardt. Investing in hedge fund style

Michael H. Steinhardt. Investing in hedge fund style

Michael Steinhardt is recognized as one of the best investors of his time. In 1995, at the time of the announcement of his resignation, the average annual return of its funds was about 24 percent. Look at it this way: one Domar invested in the initial stage s his fund in 1995 was worth 462 dollar against the 17 mosquitoes of the same investment in an index Standard & Poor's 500. Steinhardt grew up in Brooklyn, where his father was a jeweler,

Otto Kahn. New York Stock Exchange and public opinion

Otto Kahn. New York Stock Exchange and public opinion

Otto Kahn, a German by birth, became the JP Morgan of his time as a powerful partner, the renowned investment banking house, "Kuhn, Lobe." One colleague described him as "Lorenzo de 'Medici of his time ... with an expression of alienation from everything so plebeian as money." And it was a man who never graduated from high school and who loved to write essays, poems and short stories. His mother, OA-However, she advised him to burn his works.

UU Fowler. Stock exchange

UU Fowler. Stock exchange

Understanding UU Fowler, the New York Stock Exchange proved to be useful to more than one historian, and any student of Wall Street should have to read his writings. As a speculator in force in the middle of the XIX century, he spoke with Daniel Aru and Cornelius Vanderbilt. "These people, - he said - the real Nimrod the mighty hunter of the stock market, they are big pike in a pond populated by smaller size of flakes of the family." Sam Fowler was acting according to

Edward GG Simmons. The stock exchange as a stabilizing factor in the American economy

Edward GG Simmons. The stock exchange as a stabilizing factor in the American economy

Nephew and namesake, a robber baron EH Harriman had the misfortune to be president of the New York Stock Exchange in 1929, the year of the great crash. Edward Simmons, a native of New Jersey, graduated from Columbia University in 1898 and two years later bought a place on the New York Stock Exchange. To him respectfully treated from the start. In 1909 he became manager of the Exchange, in 1921 he was elected

The views from the inside

The views from the inside

Spirit stops on the form, which opens with a picture of any of the exchanges, surprisingly, among the flying paper and screaming and mad rush around to maintain order. Not much has changed since 1870, when the speculator W. W. Fowler described the market as "turbulent maelstrom." After about 120 years, Laura Pedersen options trader, has made a $ 1.5 million, before she turned 24 years old, draws as much precision and savage portrait of life in the operating room. She

Abby Joseph Cohen. The fundamental strength

Abby Joseph Cohen. The fundamental strength

Abby Cohen has made a name for itself as a recognized market analyst and a prominent Wall Street bulls 90s. In recognition of its excellence, "Goldman, Sachs & Co." awarded it in 1988, making partner, an advance that many thought too late. After graduating from high school in Queens in 1969, Cohen went to Cornell University where he majored in economics and computer science. Her first job after graduation was as a junior economist at the Federal Reserve

Robert R. Prechter. Elvis, Frankenstein and Andy Warhol

Robert R. Prechter. Elvis, Frankenstein and Andy Warhol

Robert R. Prechter in 80 years has created a name for himself as the chief spokesman of market movements - at the end of the decade "The Financial News Network," named him one of the five artists in the world of finance. And to think, at the beginning of the previous decade in the 70s, he was a professional rock musician. For four years he was a drummer in a rock band - in fact, his group created the song "Some people are lucky all the time,"

Arthur Crump. The importance of special knowledge

Arthur Crump. The importance of special knowledge

When the Englishman Arthur Kramp book "Theory of speculation on the stock exchange (The Theory of Stock Exchange Speculatice) at the end of l870-s reached the shores of the United States, about her was so high an opinion that at least two American publishers have also released her. As the one editor: "Few topics can boast a large number of printed stuff than speculations topic actions ... "The theory of speculation in shares," Mr Crump, an Englishman,

Charles H. Dow. Booms and busts

Charles H. Dow. Booms and busts

Charles Dow, one of the founders of the newspaper "The Wall Street Journal" and creator of the Dow Jones industrial companies shares, representing half of a major partnership with Eddie Jones striking. Dow, who was born in rural areas of Connecticut and whose father died when he was just six years, has spent his entire life in the newspaper business. At age 16 he began working in the local weekly newspaper apprentice typesetter and reporter. His next job at a daily

Joseph I. Granville. Market movement

Joseph I. Granville. Market movement

Joseph Granville - the brightest of the technical analysts - at one time was known for what appeared at seminars in fancy dress, accompanied by women in bikinis. His mother was convinced that he is destined for something special before he became a celebrity, so she invited to her home of the famous mystic Edgar Cayce. In September 1939, Keith came to uncover the past life of a young Granville and predict its future. Granville said that Cayce said that his "work

Sir John Templeton. Time-tested principles of the approach Templeton

Sir John Templeton. Time-tested principles of the approach Templeton

Even in the distant 50's, long before it became fashionable global investing, Sir John Templeton was looking favorable for a possible worldwide. By the mid-60s, "Templeton fandz" have invested in Japan. While the Japanese company shares traded at a P / E ratio equal to 4, while U.S. stocks were traded by a factor of 16. "People always ask me where there is a good prospect - he said - but the question is incorrect. The right question

Market cycles

Market cycles

Part IV is necessary for investors trying to determine the time to market, or at least understand his behavior. The Dow Jones industrial companies shares the main barometer measuring the ups and downs since then, as Charles Dow introduced it in 1884. So who can better than him, to diagnose market cycles? Investor confidence plays a major role, says Dow, and it can greatly affect any number of events, from presidential elections to public scandals.



If the cycles are driven

William Peter Hamilton. Dow theory

William Peter Hamilton. Dow theory

William Peter Hamilton, the future executive editor of "The Wall Street Journal" and "Berronz", was born in Scotland, a young man he worked as a clerk on the London Stock Exchange, then correspondent for the "Pall Mall Gazette" (Pall Mall Gazette). But like his countryman Scot B. Forbes, Hamilton sought adventure in South Africa, where he served in the British Army, worked as a war correspondent and unprofessional fond Johannesburg stock market. In 1899 he came

B.CH. Forbes. Millionaires on Wall Street

B.CH. Forbes. Millionaires on Wall Street

The future founder of the publishing empire was one of 10 children in Scotland, a tailor. To help support the family, B. C. Forbes began work aged 14 years s failed when agreed to a 7-year apprenticeship in a newspaper typesetter for 75 cents a week (he thought he hired a writer - a reference to the school with the word "work" ') . "I soon discovered - he recalled - then, I agreed to do w, meant to stand in front of boxes with letters, day after day, month

Roger W. Babson. Three different movements of the stock market

Roger W. Babson. Three different movements of the stock market

Roger Babson - one of the first distributors of market newsletters, and pioneer of statistical analysis - was born in Gloucester, ea. Massachusetts, where his father traded in textiles, and his grandfather owned a large farm. Babson - a born entrepreneur. Even as a boy he earned a few pennies, bringing buckets of water from local wells to the city and prachechniku ??for elephants in the circus Barnum when he came to town. Kirk meant

Bernard M. Baruch. Does the falling stock market slowdown

Bernard M. Baruch. Does the falling stock market slowdown?

As a child, Bernard Baruch, picking cotton to earn money on powder and shot, and thus be able to hunt rabbits. In his autobiography, he recalls how growing up in rural South Carolina, where in the years following the Civil War, white and black are constantly in conflict. When in a duel killed a close friend of ego, the father of Baruch in 1880 moved his family to New York. In 1884, young Baruch entered the "City College". After graduating

Gerald M. Lobe. The importance of accurate timing

Gerald M. Lobe. The importance of accurate timing

Gerald Lobe made his name as a first-class specialist in the sale of securities, and the magazine "Forbes" once called him "the most quoted man on Wall Street." His book "The Struggle for investment survival" (The Battle for Investment Survival), published in 1935, considered a classic, and the first edition sold out in 250,000 copies. The main reason for its success - the book written by a living, accessible language, which does not require such

Strategy

strategy

After making an investment decision requires a comprehensive strategy to pick up. Should I take kontrariansky approach ", as did the founder of" Fidelity "Edward Johnson? It may be dangerous to go with the crowd, he says, the crowd "tend to commit suicide." Should I think in the long or short term? Peter Bernstein estimates the time factor, weighing the importance of volatility, liquidity and the need for income.



The timing - a critical element of strategy formulation, because,

Fred Swede-ml. Market dreams of Wall Street

Fred Swede-ml. Market dreams of Wall Street

Released in 1940, Fred's Book Swede (Fred Schwed) "Where is the boat yet?" (Where Are the Customer 'Yachts?) Is considered a classic investment. Its name was born from the once popular joke on Wall Street: a guide showing a visitor the financial district Ho York, drew his attention to some beautiful ships anchored off shore. "Look, - said the guide, - this is yacht brokers and bankers." What a naive visitor said: "Where is the boat yet?" The Book Swede,

Peter L. Bernstein. Long-term investing - the theory or just bullshit

Peter L. Bernstein. Long-term investing - the theory or just bullshit?

Peter Bernstein has written not only bestsellers, but also made millions of dollars for its clients as a consultant on investment. He has also taught at colleges and universities, has created his own consulting firm, Peter L. Bernstein "(Peter L. Bernstein, Ips.), And founded the journal" Journal of Portfolio Management "(Journat of Portfolio Management) in 1974. Combining real investment world and the world of science, Bernstein

Philip Rack. When speculation becomes an investment

Philip Rack. When speculation becomes an investment

"If there were a Hall of Fame investment advisers - Warren Buffet said - he would be there in the top ten." In f928 bastard Philip Carr founded one of the first mutual fund, "Fand Pioneer (Pioneer Fund), and managed it until he sold it in 'f963 year. In the same bastard, he founded the firm in capital management," Carre "(Carret and So..) After more than thirty years, at the age of 101 years, it is still in hadil skris. But it took him a while

Edward C. Johnson II. Kontrariansky approach to the stock market

Edward C. Johnson II. Kontrariansky approach to the stock market

In 1946, Edward C. Johnson and founded the "Fidelity Management & Research Company" (Fidelity Management and Research Company) and ran that company until 1971 and then handed the reins to his son. In that year the company had managed 14 funds and approximately two billion dollars today is the largest mutual fund company. He began his investment career in the 20s, and all these years, he relied more on intuition than on science. "I

Mario Gabelli. How to win a grand slam

Mario Gabelli. How to win a grand slam

Mario Gabelli, comparing himself to a jet fighter pilot, built a financial empire that includes an institutional brokerage firm, mutual fund management company and money management firm for advising institutional and private investors. The amazing success and his personal energy earned him the nickname Super Mario. Like Peter Lynch and some other well-known stock electors, Gabelli, who grew up in the Bronx, first became interested in the stock market, when

John C. Bogle. The mandate for the shareholders funds

John C. Bogle. The mandate for the shareholders funds

Until a heart transplant in 1996, Okon K. Bogle managed by mutual funds, whose total assets were the second-largest, behind only the "Fidelity". Bogle founded the "Vanguard Group" (The Vanguard Croup,! Ps.) In 1974. Over the next 20 years, its assets grew to 100 billion home. and much has exceeded 200 billion home. in 1998. One of the keys to success Bogla - to reduce costs. For example, the average value fund, "Vanguard" was less than a third

Adam Smith

Adam Smith. Can the ink blots to tell you whether you are a man who made a lot of money in the market?

Adam Smith or George JW Goodman, as named by his mother, made a great impression on Wall Street, his 1968 bestseller "The Game of Money" (The Money Game), ruthlessly, but fun describing the behavior of the emotional and irrational investor crowd. Here is one of them of known truths: "Even the people on Wall Street play a game. They are concerned about how much money they make, how many others

Peter Lynch. Hunting for desyatikratnitsu

Peter Lynch. Hunting for desyatikratnitsu

The newspaper "The Wall Street Journal" called Peter Lynch one of the greatest investors in history for his remarkable work as a manager of a well-known fund Madzhellan Fand "(Magellan Fund), belonging to" Fidelity "(Fidelity). When Lynch led him in 1977, the fund had shares of 45 companies, worth about $ 20 million by the time when in 1990 he withdrew from active participation in the "Fidelity" to spend more time with his family, the fund put assets in

Jim Rogers. Podsuetis ... and make state

Jim Rogers. Podsuetis ... and make state

Jim Rogers made his first million, being the partner of George Soros, and then, when I worked independently to increase their capital. He grew up in a small secluded town of Demopolis, Alabama, where he began to earn money first at the age of five years, collecting bottles after the baseball games. In the soul of a capitalist, he was not sure what to do in life. So after graduating from Yale University in 3964, he decided to work in the summer at a firm

Ellen Douglas Williamson. Self-investment

Ellen Douglas Williamson. Self-investment

Born in pieces. Iowa, Ellen Williamson, wrote a well received book, "Put on Wall Street - an unconventional guide to profitable investment" (Wall Street Made Easy - An Unconventional Guide to Profitable Investing). Although she admitted that was neither well-known tycoon, or a professor at Harvard, not the former president of the New York Stock Exchange (all of which are obvious prerequisites for the authors of books on investing), she felt that she had

John Moody. Investment and speculation

John Moody. Investment and speculation

John Moody would have been proud to know that the ratings of his company is still highly valued and can support or knock down both the company and the government. He was born in Jersey City, pcs. New Jersey, and began his career at age 21 as nakleivatel brands and an errand boy with the bank. There he remained for 10 years, gradually moving up, having worked in the accounting department and then the sales department, headed by him, eventually delivered. Around

Henry Clouzot. The study of stock market

Henry Clouzot. The study of stock market

Like many other successful investors, Henry Clouzot is known for his extravagance. For example, he announced he would hold for their clients deal in stocks and bonds for half the price compared to other firms (ie, offered discount brokerage services much sooner, "Fidelity" or Charles Schwab). At that time it was considered outrageous act. "It was such a bomb in the camp of those old freaks - he wrote - that they were almost paralyzed." However Clouseau

Arnold Bernhard. Assessment of listed shares

Arnold Bernhard. Assessment of listed shares

Long before Arnold Bernhard founded the "value bet online" iVafue Line, Ips.), This college graduate Williams was a reporter writing about plays, movies and nightclubs. Soon, however, his attention was attracted by the stock market craze 20s and he went to work in the office a well-known speculator Jesse Livermore. Livermore served as the model for the classic book of Edwin Lefevre's "Memories of the stock operator"). After working briefly at Livermore,

Paul F. Miller, Jr.. The dangers of retrospective myopia

Paul F. Miller, Jr.. The dangers of retrospective myopia

Paul Mimer surprised Wall Street when he decided to leave his post high-CEO of investment bank "Drexel Harriman Ripley" (Drexel Naggiman Ripley) and open one of the first "boutique" firms on money management - "Miller Anderson Sherrerd End" (Mllleg, Anderson & Sherrerd). This innovative project, and his phenomenal investment success make him work more than worthy of attention. In 1969, they did not have a single customer and require a minimum

Warren E. Buffett. The most important thing - the history of

Warren E. Buffett. The most important thing - the history of

I have always believed that you can learn more from business failures than business successes. In my company we look at what stage people go astray, and why efforts are not working. We try to avoid mistakes. If my task is to choose the stocks of 10 companies included in the Dow Jones Industrial Average, which would have surpassed the index itself, I probably would not start with the selection of the top 10. Instead, try to choose a 10

The essence of the analysis

The essence of the analysis

First, all investors should do their homework, but the good performance of this work does not mean getting a gold medal from the teacher. Rates are higher - they are expressed in the difference between gain and loss conditions. In the essay that opens this book, Warren Buffett says that data about the company and its history of activity indicates whether or not to invest, the availability of reliable data makes it possible to make the right decisions, and what others

Philip Fisher. Human factor

Philip Fisher. Human factor

Warren Buffett calls Philip Fisher "giant" of investing. "From him - Buffett says - I learned the value of" auditory approach: go and talk to competitors, suppliers and customers to figure out how to really work this or that industry or company. " Instead of analyzing the balance sheets of living in San Francisco, Fisher prefers to study people and organizations - this is his innovative contribution to the analysis of securities. "The focus I give management, even though

Step 2.Privedite to clean up your finances

Step 2.Privedite to clean up your finances
"The difference between the interest rate on private loans and federal funds rate has increased dramatically in 80 years. Creditors wiser. They realized that many Americans do not have a view about what" interest rate ", or that mathematics, which they taught in high school, is totally useless in the financial world. Market research credit has proven one unexpected conclusion: people are absolutely not interested in their money. "
Do you have a few dollars

Step 11.Kompanii, violating the rules

Step 11.Kompanii, "violating the rules"

Note
on the company, "violating the rules," and small-cap companies
"Companies," violating the rules ", bring investors the highest return achievable on the stock market. Company," violating the rules, "a source of inspiration and driving force for all business people, whoever they were - managers, professionals or the Planning Department ordinary performers. "Violation of the rules" - a special seasoning of capitalism and its most delicious and necessary

Step 4.Nachnite with an index fund

Step 4.Nachnite with an index fund
Because an index fund is the easiest and best choice, it is undoubtedly our first recommendation to investors of all levels, from beginners to experienced professionals. Convenience, good profitability, low cost, simplicity, - all these factors are significantly higher than what we offer brokers a full Commission and actively managed mutual funds. "
Index Fund S & P 500
Let us once and for all establish the standard for market growth. During the past 50 years

Step 12.Investitsionnye ideas for experienced investors

Step 12.Investitsionnye ideas for experienced investors

The five main confessions that we will never hear from any of the investment "wise man", appeared on television
1. I have no clue why technical analysis has anything to explain.
2. I do not understand the difference between the rated "above average" and "accumulate".
3. Of course, the strategy of following the index exceeds the rates of return "prediction" of the market, but it does not get a good interview.
4. Most of what I say, I come

Step 8.Soberite information on the best companies

Step 8.Soberite information on the best companies

Once you feel that you have already grown out of such simple mechanical forms of investment like an index fund or strategy, Dow-dividend, your next step is to choose its own shares. You will need to understand what type of company you should look for, and then these companies will need to be evaluated to ensure that they are moving in the right direction and deserve your trust.
Mechanical filters shares
Let's spend a little time talking about

Step 7.Investitsionnaya Dow strategy

Step 7.Investitsionnaya Dow strategy

Editor Note:
We have already published the article "Dow Dividend Strategy," six months ago. But, given the remoteness of the publication and not wanting to interrupt the series of "steps", we offer you another material on the subject. So, you are one step closer to success:
"To get the required rate of return due to" Dow-portfolio "must be not more than fifteen minutes per year, no research materials and a copy of" The Wall Street Journal "; it requires a

Step 9.Otsenka Business

Step 9.Otsenka Business

"Reconnaissance in force - a common tactic in the stock market. Debrief market participants, and you'll probably find that most people are very poorly understood or not understood at all what they make their first investments." - You Have More Than You Think
Note that this step is entitled "Evaluation of business" and not "Estimation of shares." Although the process of investment research is most often formulated as the valuation of shares, educated investors know that

Step 3.Opredelite their desires and evaluate the results

Step 3.Opredelite their desires and evaluate the results
Most people in the U.S. know where at the moment is their local sports team. They know what the film won the award last Film Academy. They are versed in video games and even are aware of those debates that these games are called in the press recently. And still, few wondered how it looks against the investment market average figures. Why does this happen?
Quite simply, no one ever taught us how to make such a comparison, moreover, in the

Step 13.Stante perfect

Step 13.Stante perfect

"Like many experts on education, we are confident that, if the picture can be worth a thousand words, thousands of right words can change the world. How does it sound in technical terms? Education based on the text more effective than learning through images. Our online materials - that matter, which helps you make money: it is words, sentences and paragraphs, not pictures or videos. And we do not regret about it because the words have a greater effect. "
Of course, you

Step 5.Vse on accounts such as DRIP

Step 5.Vse on accounts such as DRIP
"The discipline, time and compound interest - these are the three main components of successful investing. And not the amount of money with which you start."
If you've read our "13 Steps" to this point, you may already feel like to invest in individual stocks that you choose yourself. However, you may be concerned about one thing: if you have enough money to begin with? This question bothers most novice investors, and we sadly suspect that he is one of the main

13 steps to successful investing Step 1.Obschepriznannaya wisdom

Step 1.Obschepriznannaya wisdom
Here is an excellent starting position. We offer you a systematic step by step teaching method that will help newcomers to investing find solid ground in their quest to explore the management of funds in the stock market. We are not investment advisors, we see our task is to advise you, teach you how to make money and at the same time have some fun. We want to teach you self invest.
Let's start with what look at what is considered to be wise in this world today,

Step 10.Izuchite investment strategy Set Rules

Step 10.Izuchite investment strategy "Set Rules"

The method sets the rules is to buy quality companies and relies only on simple math, logic, common sense and your patience. This technique is a model of investment, convenient, like a mutual fund, but brings higher average market yield and requires lower costs ". - The Motley Fool's Rule Breakers, Rule Makers
Investment Philosophy "Set Rules" starts with the same conditions as all other investment philosophy that we recommend:
You are the best

Step 6.Otkroyte account with a broker with low commission

Step 6.Otkroyte account with a broker with low commission
Five reasons for parting with the full commission broker
1. I know that you will find yourself someone else.
2. And who would think about my needs?
3. I see that I am an adult and you do not.
4. I'm just not ready for the long-term contract with short-term trader.
5. No, no, it's not about me but about you.
Brokers with a full Commission
Brokers full commission are those expensive dressed individual, who work for Merrill Lynch, Salomon