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INVESTING BOOKS
Posted in Investing (Tuesday, December 2, 2008)
Written by Don Sausa. By The Vision Press.
The regular list price is $24.95.
Sells new for $15.65.
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5 comments about Complete Guide to Real Estate Tax Liens and Foreclosure Deeds: Learn in 7 Days-Investing Without Losing Series (Investing Without Losing).
- A good book that demistifies any confusion about tax sales throughout the country. Easy to read and easy to follow. Breaks down all the information into an organization fashion. Unfortunately, the author's website isn't working.
- This book is very easy to understand. It gives you step by step information and resources on tax liens and deed. I would recommend this book to any one that wants to know about tax lien and deeds.
- I read this book in just a couple of days and found it to be simple yet very informative. I probably will not be jumping into investing into liens and deeds right away until I research some more, but this book is definitely one to read first before starting your adventure. It is definitely not boring and I highly recommend it to anyone who, like me, is just starting to learn about this type of investing.
- I got burned on this recent financial crisis and was looking for some new ways to invest without being burned. When i heard about tax liens on the john beck program but didn't want to pay for thousands just to read info about it, I bought this book. An eye opener for sure, there are risks but at the same time there are guides on here and online county listings on the free web site. Highly recommended.
- Excellent book if you are interested in tax liens. Covers the topic throughly. Includes web site addresses that are useful for tax liens.
Highly recommend.
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Posted in Investing (Tuesday, December 2, 2008)
Written by Dan Passarelli. By Bloomberg Press.
The regular list price is $59.95.
Sells new for $33.85.
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5 comments about Trading Option Greeks: How Time, Volatility, and Other Pricing Factors Drive Profit.
- This is an excellent book on a topic that a lot of traders, have no deep understanding. It explains the Greeks in a layman and a trader language, and provides a clear view how to trade and profit using the information, given by these indicators. I like the examples given, especially those on Delta Neutral Trading, which other books hardly mention. Of special interest, was the clear perspective of Market Makers, and how they view trading from their end. This helps a lot, us retail traders,to place our orders in a more efficient way, for faster execution. My congratulations on this book, which was long due.
- When I bought this book, I was expecting really in-depth analysis of various Greeks and their effects on basic option positions as well as complex spreads. However, I was bit disappointed.
If you have read any decent preliminary option trading books (Natenberg, McMillan et al) or if you have been trading option spreads for say 1+ year, this book would be useless. In aggregate there would be about 10-12 page material which may useful for such people. Last chapter on relationships between implied and realized volatility is OK.
For some reason the author has morbid fear for graphs of positions and greeks. He ends up giving tables after tables to illustrate effect of various greeks on option position.
If you are at a stage where you think I buy call option when I am bullish and I buy put option when I am bearish, this book will help you understand the effects of other equally important variables in pricing and trading, but then there are so many other which give this information in a better fashion in my opinion.
- well written easy to understand for anyone who is interested in options
Author provides with a logical way of looking at options.
Book which every trader should have
- Written with the clarity of a practioner with minimal math density though a little excessive use of tabular data (some charts would have been better). My introduction to options was in a very math dense way which leaves you comfortable with geometric brownian motion but unable to act when faced with real time quotes and a rapidly moving market.
Overall a good effort and worth a read for anyone getting serious with trading options. Would highly recommend changing the font and line spacing to avoid eye fatigue in next editions.
- A fantastic book to add to your library of options analysis. Not for beginners, but if you want to understand why option prices change, this is your book. If you want to understand the implications of various positions, this is your book. If you want to understand how to trade volatility, this is your book. The last part sold me on the book. I have become more confident after reading this book.
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Posted in Investing (Tuesday, December 2, 2008)
Written by John Rolfe and Peter Troob. By Business Plus.
The regular list price is $14.95.
Sells new for $5.97.
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5 comments about Monkey Business: Swinging Through the Wall Street Jungle.
- For those interested in investment banking, this is a good book to read. It gives an in depth(and very personal view)of investment banking on Wall Street. Very witty, satirical and critical.
Positives: Very informative, insightful. Book is hard to put down. Negatives: Some parts are long-winded. Authors so obviously despise Wall Street that their negative accounts of W.S. lose credibility
Overall, the book is a great read for those interested in I.B.
- very funny, vivid and true to life description of the life of an associate in the investment company, highly recommended for those who work in investment banking and allied industries, you won't regret spending some time on reading this book!
- This is a serious book that just happens to be supremely funny.
Highly recommended.
- The book is very easy and funny to read. Authors shows things in investment bank very trully. Very interesting to read for people who is going to become an investment banker.
- This is a funny book no doubt. Its not written by writers and thus there is no rules of writing that have been followed which makes it funny.
Even though some have said the life style is exaggerated (and maybe it is) but unless you are an I banker or part of the fraternity in some way, there is no way to denounce what has been written about the profession.
I really think that while being a cautionary tale for fledging IBankers, this book is also a testament to the hard times they spend in pursuing their dreams. Some have the balls to go through to the end while others (like the authors) bail out when they cant take it anymore.
In any case, this is a laugh a minute book with some witty writing. Reading it was a breeze !
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Posted in Investing (Tuesday, December 2, 2008)
Written by Wayne McDonell. By Wiley.
The regular list price is $70.00.
Sells new for $38.74.
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5 comments about The FX Bootcamp Guide to Strategic and Tactical Forex Trading (Wiley Trading).
- Wayne really hits the mark with this book. It's a basic summary of the method he teaches at www.fxbootcamp.com. Not only does he cover the technical and fundamental aspects that a successful Forex trader needs to know, but he covers the other all important topics too, like risk analysis, trade plans & journals, trade reviews and having the right mindset to be a successful trader. All with no Fluff!
I found Wayne's book really helped me trade according to MY rules, not the markets rules. This meant that when I trade, it's become a lot of fun again. Now I am trading in one night, profit wise, what I used to trade in one month.
If you want to get a clear sense of what is in this book, have a look at his videos on FXStreet.com blogs called "2 Hour Video: Strategic & Tactical FOREX Trading". blogs.fxstreet.com/fxbootcamp/2008/03/12/2-hour-video-strategic-tactical-forex-trading
I recommend this book to anyone who feels there is room to improve in their Forex trading, or is looking for a reliable, simple system to follow. The method outline in Wayne's book won't give you every pip in a market's movements, but it will provide you with a large portion of them, in a conservative manner.
I also recommend this book to new FX Bootcampers, as it will help them come up to speed quickly, with the method Wayne teachers at FX Bootcamp.
In response to Jeff Marsick's review (RE - Good But Poorly Edited), I agree that this book could have done with more editting. In regards to Wayne's MACD settings of 21, 55, 8, this is in fact correct. One of the things with Wayne's method is that he uses a slowed down MACD oscillator to guage MARKET speed (medium term price action) and a sped up Stochastics oscillator to measure PRICE momentum (short term price action). This is covered in the above mentioned webinar video at around 18 minutes into it.
- If you are serious about being a successful trader you really ought to consider the small price of this book. Way smaller than any one single stupid trade you will do at some point in your trading career... and this book will help steer you away from that stupid trade.
This book will teach you in a clear and concise way how to become a professional trader. How?
This book is excellent at explaining some key aspects of Technical and Fundamental Analysis. But no - that's not the reason why you should buy this book. I mean there are plenty of other resources where you can learn this type of analysis... and being excellent at fundamental and technical analysis does not mean you will be a successful trader.
There are some excellent explanations of how the Gold, Oil, bond and equity markets are all linked to the largest market of all.... Currencies.
There are some plain simple answers as to why a price goes up up up and then stops dead at a particular level. Why the market falls just after you buy only to shoots up again just after you decide to take the loss.
But what really stands out for me, in this book, is that it taught me how to run my trading account as a business. Understanding how much I should be trading at any given time. How to control my emotions by planning my trade well in advance and only executing if the market does what I planned it might do. If it doesn't then I do not trade. ...and this book also taught me how to examine my trades and find faults. Makes you think twice about putting on a trade if you know you are going to have to justify your actions in writing.
The writer, Mr Wayne McDonell, explains what technical indicators he uses and why, what fundamental analysis he does and why. But what really makes him stand out as the real deal is that he invites you to view him live, once a month, for FREE on the internet where he puts his words into practice.
Callahan
- This book isn't bad, but there is nothing new here that can't be found for free on trading websites. There are no actual trading strategies, just a lot of basic information that is readily available elsewhere. However, there are plenty of advertisements for the author's website and products. There are also many in spelling and grammar, as noted in another review. In short, this book isn't bad but there are better books on forex out there.
- One thing is sure: This book makes ME better trader.
All important aspects of Forex trading are explained. Not bad for 229 page book. No pages filling material.
I had problem with consistency in my trading, and this book teaches me how to get over that problem. I think that every trader, even experienced ones, can learn something from this book.
It is not absolute beginner's book, but if you know the basic things about Forex - you will be fine.
- I feel I can read it over and over and still find more insight. A lot of information displayed in such a clear manner. A must read for traders at every level!
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Posted in Investing (Tuesday, December 2, 2008)
Written by John Downes and Jordan Elliot Goodman. By Barron's Educational Series.
The regular list price is $14.99.
Sells new for $8.85.
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5 comments about Dictionary of Finance and Investment Terms.
- I've been in banking for over 12 years and I still run into words and phrases that are sometimes unfamiliar to me. This book has been a handy tool on my desk--colleagues have come by to use it. If you work in banking or finance, or are a student majoring in similar fields, I would suggest that you make this essential to your portfolio of tools that you use.
- This is the best reference for the securities industry. I am new to the industry but in a high level position. This is the book that our Complance officer is using to bring me up to speed on terminology and concepts. Better than a textbook. Just remember that it is basically a dictionary -NOT a textbook - so if you need a textbook I would suggest getting this as a supplement to it.
- Great Dictionary with all the financial/investment terms and abreviations.
The book has become my table-book.
Got confused with wording??? It just takes second to get the full definition.
A++++ RECOMEND!!!
- You gotta have this if you are studying financials and investments.
The definitions are clear despite the tedious nature of some sections of the book.
- Great product.The condition is prefect and exact as described. The product arrived on time and seller is a great and reliable seller. Will recommend this seller to all friends.
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Posted in Investing (Tuesday, December 2, 2008)
Written by Richard Bookstaber. By Wiley.
The regular list price is $27.95.
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5 comments about A Demon of Our Own Design: Markets, Hedge Funds, and the Perils of Financial Innovation.
- I have had great difficulty reading this book firstly as I am not a quant nerd. Secondly, the author deems fit to draw comparisons with hedge funds and a host of unrelated topics eg. Chernobyl, Two Mile Island and the military and the Post Office (for heaven's sake)! The less said about the ill fated shuttles the better!! Third, the book is poorly written and/or badly edited as there are many duplications throughout the text an example of which is LTCM which crops up in every other chapter. Nevertheless, I also read the authors' presentation to the oversight committee of Congress where he did a complete about turn and in complete contrast to this book stated that better regulation was the way forward!
Confused? You better believe it!!
- This book is part memoir, part reflection on risk, part tell-all, part recapitulation of recent financial crises and part polemic. If you fret that all these parts might blur author Richard Bookstaber's objectives and message, you are right, but, if you have the patience, keep reading. Enjoy the somewhat diffuse anecdotes and observations in the first few chapters until you reach the author's straightforward presentation of his case that the U.S. financial system is at risk from complexity and tight coupling. The book would have benefited from a slightly fresher take on the financial crises of the last three decades. However, given the author's years as a risk manager on Wall Street (Morgan Stanley, Salomon Brothers, Citigroup) and as a hedge fund expert (Moore Capital, Ziff Brothers, FrontPoint), his personal experience during fiscal crises and his close view of dramatic turns in the market, getAbstract finds that his diagnosis of systemic problems conveys several important stories and that his analysis deserves your attention.
- Bookstaber has written a cogent, understandable and witty guide to the structural and human underpinnings of the current financial crisis. While this book requires thoughtful reading, it does not assume that the reader is technically savvy about markets or the plethora of financial instruments that have come to have such a dramatic impact on U.S. and world economies. I unhesitatingly recommend this book to anyone wishing a deeper understanding of the problems that can and have been created by financial markets and instruments.
- I read this book back in December 07, the perfect timing for it would have been now, however.
A very simple conclusion from this book is that despite all the good intentions that the current bailout (TARP) might have, what we are doing is creating a new demon that will provoke a new crisis, with a different twist, anytime in the future.
Crisis are inevitable and we cannot go against financial innovations (like in the last 10 years with derivatives, CDS, MBOs, CDOs, etc.)
A better synchronicity among financial institutions and one regulatory agency (not several agencies that do not communicate between themselves as they should) could be a solution.
- Bookstaber's "A Demon of our own Design" shouldn't be missed by anyone interested in what is going on in the financial markets today. His many years leading the risk management areas at top financial firms gave him a vantage point that he openly shares with his readers. His main topic is centered around understanding the volatility of an increasingly complex, tightly coupled global financial system as there is in place today.
I only wish I had read this book before the big market unwound earlier this year. He called the risk of the 2008 financial markets meltdown at least a year before events occurred. He was very close to the action during all financial crisis of the past 25 years, including 1987, LTCM and 2001/3. The lessons learned and the trend identified between these crisis leads to a coherent proposition on understanding risk that is both innovative and useful for the average investor.
A final comment on style: the book is very readable, even entertaining. This is no small feat when you cover dry and tedious topics such as risk management. He pulls no punches; is articulate and accessible even to the non-financially savvy reader.
Hope you enjoy and learn from it as much as I did.
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Posted in Investing (Tuesday, December 2, 2008)
Written by Andrew Tobias. By Harvest Books.
The regular list price is $14.00.
Sells new for $5.14.
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5 comments about The Only Investment Guide You'll Ever Need.
- This is a good read for those of us looking to improve our financial health and know only a little about investing. No magic solutions here: save money and invest wisely. But what does investing wisely mean exactly? Read this book for more. The author reviews concepts we know about the benefits of compound interest and the wisdom of index funds, and he does this by using his own stories to make this dry subject a bit more fun. The version I read didn't have a section on ETFs so you'll have to look elsewhere for that information.
- I found this book very readable and full of excellent information. Although not all the latest vehicles are included, the information is useful for the typical investor. It is easy to read and understand by the beginning investor.
- It is funny how several reviewers criticize the author's recommendation to "not lose money", while that is the number one rule from the richest person on the planet, Warren Buffett.
They miss the fact that there is more to that statement that its simple basic message.
I too have read a number of investment books and I found this one to shine above the rest for a simple reason: It covers a wide range of basic investment options, without equivocating, and goes into just enough detail to explain the investment without bogging down the reader with unnecessary details. If the reader wants more info, they can certainly continue researching.
I really like the fact that the author gives definite thumbs-up or thumbs-down to certain investment vehicles (and gives good reasons why), where other advisors hem and haw about even the most ridiculous ideas such as annuities.
Some reviewers claim this book is for beginners while others say that it's NOT for amateurs. I think it requires some basic knowledge but overall is a great reference and guide to get the average investor on track to a good solid foundation in investing and well on their way to a respectable portfolio. Any expectations beyond that are totally misguided.
- I've read a lot of personal finance books and this one has some of the best information I've found. If you are interested in personal finance and investing, you should definitely read this book!
Tobias writes in a witty style to keep the reader's attention while providing detailed information on investing that I haven't found anywhere else. He begins with information on how to save money on personal expenses like dining out and vacations. There are several good tips in this section. Then he moves on to retirement accounts and saving for education. He explains each type of account in detail and includes every kind I know of.
His sections on bonds and stock investing are really informative. He explains items like treasury bills and TIPs and their advantages. He explains all kinds of bonds (I-bonds, corporate bonds, municiple bonds) and provides his recommendation on whether you should own them or not and why. I especially found his section on stock market investing useful. He has explanations of a stock's beta, buying on margin, options, selling short, LEAPS and penny stocks and explains the pitfalls that often get investors into trouble.
The last portion of the book talks a bit about estate planning and also some very clever methods of teaching your kids about saving and investing.
I like the author's philosophy on investment strategies and agree with most of his advice. This book covers a lot of topics in personal finance and is both a great reference and a fun read. I highly recommend it to others!!!
- I bought this book in 1999 and read it annually. I always laugh out loud and recommend it to everyone I meet who is not and does not want to be an "expert" in the market but does want honest, forthright, expert advise on what's what in personal finance and investments. I re-read it recently and 10 years after it's release it's still dead on. I hope he updates it again soon cause the internet is even better than it was when he wrote this and there are even more investment "schemes" out there to AVOID!
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Posted in Investing (Tuesday, December 2, 2008)
Written by Sharon L. Lechter and Garrett Sutton. By Business Plus.
The regular list price is $17.99.
Sells new for $5.93.
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5 comments about Rich Dad's Real Estate Advantages: Tax and Legal Secrets of Successful Real Estate Investors.
- Very informative. This book is full of great strategies of how to maximize your return and how to protect your real estate investments and retire comfortably. You will learn how to choose the right asset protection for your investments, how to maximize your real estate investments to your retirement advantage, the use of 1031 exchange to pass on assets to your kids without paying capital gain tax, how to mix and match business entities if you have multiple RE investments in different states, learn the advantages and disadvantages of a Nevada, Wyoming, California, Texas corporation or LLC. After reading this book, I attended a seminar with the co-author lawyer, Garrett Sutton, at a National Real Estate Investment Club Expo in L.A Convention Center. We had a Q&A after his presentation. This guy really knows his stuff. He seems to be a nice and humble person. If you are a RE investor or thinking of becoming one, I highly recommend this book. I also recommend that you consult with his office for asset protection. He does business over the phone for all states. You can also get lots of tips and info in Garrett Sutton's websites.
- This book does for real estate investing what Pimsleur does for language learning: it teaches you to speak the real estate language, to ask knowledgeable questions, and to make informed decisions.
I have been through dozens of books, tapes, and CD programs on investing in real estate. Some are strictly motivational with little useful information. Others are like reference works and cannot be read from beginning to end. Still others hope to be meaningful forever and so dare not give you anything too current, or disputable and likely to change. Lechter and Sutton, however, wrote a book to turn a dreamer into a real estate investor. If that's what you still want at the end - but you have all the info to make the decision. Other reviewers might say that there are no "secrets" in this book - true, I suppose - but if YOU don't have a tutor for the subject, then for YOU common knowledge is a secret!
The authors give separate advice for dealing with primary residence and for investment properties. Most other books blur these separate cases. Special cases where individual state law might differ from the general situations are pointed out. Case studies and repetition are used throughout - much like Pimsleur uses conversation in each language lesson. The reader brings everything learned earlier to each case, but is stretched just a bit to see why each case is unique. Each chapter builds on prior chapters. Included is the required amount of math, but this is clearly not a math book. On the contrary, it is an enjoyable read cover-to-cover. Some of the material is current as of 2006 and this is clearly noted. I hope this book gets updated every few years.
While technically part of the Rich Dad series, the book stands on its own. The reader is fully aware of the few tacked-on references to the Rich Dad philosophy.
This book is a must-read for anyone thinking about a career in real estate investing in all its forms. Consider it the second book you read - after something like "Home Buying for Dummies."
- It certainly should be in your library. You're sure to find at least one or two nuggets that will more than pay for the book.
Perhaps you'd like to look into this one too:
The WealthLoop Series Beginner's Guide to Building Wealth Buying Houses: The Foolproof Roadmap to Real Estate Riches Without the Risks and Hassles of Landlording.
- What can you say? It's another rich dad book. Very informative and written primarily by professionals with an in-depth view. The book is a good read for anyone. It gave me a lot to think about and some things to discuss with my team. No dull spots in this book. Read it cover to cover in a few days. Worth reading twice.
- I bought my first property just before I purchased this book. I received it just before an international business trip, and didn't get any sleep on the flight because I was pouring over the basic concepts and ideas that fill this wonderful book.
If you are already in real estate and know the basics, you may not need this book. If you already have your team of advisors and know who to go for when you have questions, you may not need this book. If you understand the differences between LLCs and LP and why one is better in California than in Nevada, you may not need this book.
For most beginning real estate investors, this book is just the right amount and just the right speed to get started. Garrett and Sharon don't look at the buy-and-flip models, but rather at the advantages of staying in real estate, building a portfolio, and intelligently upgrading your properties (1031 Exchanges). They also go over the long-term planning aspects of inheritance and how to move your properties to family members with minimal taxes. They don't profess a silver bullet, but rather a rational plan to financial success through real estate.
Verdict: Highly recommended.
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Posted in Investing (Tuesday, December 2, 2008)
Written by William Bonner and Lila Rajiva. By Wiley.
The regular list price is $27.95.
Sells new for $15.51.
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5 comments about Mobs, Messiahs, and Markets: Surviving the Public Spectacle in Finance and Politics (Agora Series).
- This is a brilliant and very funny take down of the "system".
Rajiva and Bonner know their stuff. They take the 'lies, damn lies and statistics' put out by the financial system and put them together into a narrative that reads like fiction (that's what it is anyway). What you end up with is a fascinating read with quotable lines on every page.
The book has too many interesting angles to tackle here but it is really outstanding in dealing with the propaganda-controlled world we live in and with the whole globalist agenda, culminating in the credit and housing crises of today. Most important, the authors explain the mentality behind it all - the mindset of the politically correct elitists and corporate crooks who run this country.
You won't agree with everything they say. It doesn't matter, you should still do do yourself a favor and read this book before the elections so you will know that there is only one party in the US - Wall Street and that there is only one language it does business in - PR.
- Mobs, Messiahs and Markets doesn't take an in depth look at just one aspect of public life. Instead, it provides the reader with a variety of topics that stimulate questions about why we do or don't do what we do. I don't care to read about historical do-gooders so the first chapter was worrisome, don't worry! I'm glad Bonner and Rajiva touch on so many subjects, not just a few. The powerful simple introduction to the Group Think phenomenon sold me on the rest of the book! William Bonner and Lila Rajiva are Patriots who provide comfort to those waking up to the skewed world we live in. Why are people so easily lead down the destructive paths politicians and bankers create and promote? How is it that Republican cross-dressers for over 80 years covet abstinence until marriage but in a short 24 hours are suddenly feigning and defending their nominee whose daughter is pregnant out of wedlock? How is it that the socialist cross-dressing democrats can suddenly covet marriage and in a short 24 hours suddenly have contempt for a child having a child out of wedlock? Read this book and get a clue.
After reading about group-think in this book, I discussed it with friends and family and surprisingly few had heard of it. Those who did recognize the term didn't realize the power it has. Group Think grants astonishing Power to the so-called leaders we elect. The authors do us all a favor by making us aware of an important phenomenon. At a time when politicians openly ignore the constitution and spend fiat money beyond their means and when main stream media outlets, i.e. radio, television and newspapers, don't provide solutions but distractions, Bonner & Rajiva, brilliantly, stimulate the reader to ask questions. One question I recently asked as result of reading this book: Why does the GOP presidential nominee promote Country First vs. America First? We all assume he means America but why not just say it? They don't give you a complete course on the Federal Reserve Bank, like "Secrets of the Temple" does; but, obviously, they didn't set out to do that. When 66% of the reviews are positive and 14% are neutral, the logical conclusion is that this book is worth buying. If you have expectations of this book and this book doesn't meet them; don't lambast the authors or the book, it's not their fault, it's your expectations fault.
Mobs, Messiahs and Markets doesn't solve anything perse, so if that's what you're looking for you won't find solutions that stand on their own. What you will discover is an awareness that stimulates thought. Are you an American striving to take back your country? This book provides you, among many things, with references to make you aware of political, financial & media trickery. The Media in collusion with
Government & Wall Street spends hundreds of thousands of dollars to develop slogans and graphics that captivate a viewer and serve an agenda. And what of the 24-hour news station that uses dramatic music, moving graphics and the word ALERT colored bright red to announce that a potential vice-presidential nominee is getting off a plane. You would think a dramatic alert of that nature would be something like a 10.0 earthquake in California. An aware viewer would see through their games and listen only to realize that their slogans and information are fake, taken out of context, dramatized for effect with an intention to distract and control the viewer's awareness. Mobs, Messiahs and Markets will slap party followers in the face; hopefully they stay awake and come out swinging. You can Google The Bankers Manifesto of 1896 as it is not illustrated in the book. The manifesto clearly shows how a small powerful group of bankers over 112 years ago had knowledge of how to control a herd or mob. They were brilliant then and proof of their brilliance is evidenced by current events. The authors brilliantly expose the do-gooder power mongers of the world and cast light on the shadows they are used to lurking in. I doubt the authors ever intended on comparing Martin Luther King to Hitler types. If your reading reviews of scorned readers keep in mind this book touches on many facets that have bankrupted investors and kept people ignorant. It appeals to the masses, so these negative reviews, in my opinion, are shallow, subjective and did not deter my interest in the book. I never got the impression I was buying an in depth book about Mobs, Messiahs, or Markets.
Expect to be stimulated with this book. What you do with that stimulation is up to you. This reader hopes you discuss the subjects of public life with a lot of people to enliven a revolution away from party politics and inflation. You might read another book to gain more depth on a subject like group think. Then you can better recognize whether you're blindly following or not. Ignorance is bliss; pursuing truth carries the risk that revelations will not be pleasant.
- As i read this book, it felt more and more like a heavily opinionated diatribe that belonged on an editorial page of your local newspaper. By the time i got to chapter 6, War and Rememberance, it was more than i could take. For example, "And thus though the history of warfare is a history of appalling spectacles, though in every chapter of it the bodies are pressed like flies between the pages, almost nowhere will you find any explaination for why they are there. Who can find a single reason for World War I that justifies the inconvenience of even a single person, let alone the deaths of nine million of them?" The cause of WWI specifically is complex and subject to debate. However, to generalize this to all wars is inaccurate. Prepare youself there are numerous claims like this through out the text in different historical contexts. There are few footnotes to justify assertions or statements. The authors present themselves as historians, psychologists, economists, and i do not know what else as the text proceeds. That people could swallow this whole only affirms maybe their only central premise that people are like lemmings who accept doctrine without critical analysis. There are many books written and much cogent historical analysis of wars and their causes. The authors seem to conveniently forget that periodically tyrants rouse their populations into aggressive wars to spread their ideologies. Am i to think that those being attacked have no good reason to defend themselves? For example, am i to think that the world should have just accepted Hitler's super race program and their fate? I am sorry but this book is nonsense for the most part and it is not even worth finishing. If you desire to read a decent book on mob psychology or market psychology I recommend the following books as far superior - The Devil Take the Hindmost, Manias, Panics, and Crashes by Kindleberger, Extraordinary Popular Delusions and the Madness of Crowds (1841) by Charles Mackay, or for the Psychology Perspective on Crowds and Mass Movements The True Believer by Eric Hoffer. I am sorry but this book is drivel.
- I liked the writing style of any of Bonner's books and this one book, the subject is very appropriate for today's markets. I'd advice anyone concerned about where to invest their money right now to take a read.
- A very entertaining book but unfortunately very true. The crowd goes for a supremely confident demagogue who, when everything comes crashing down, is unable to recognize his culpability. Obama anyone?
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Posted in Investing (Tuesday, December 2, 2008)
Written by Jeff Augen. By FT Press.
The regular list price is $39.99.
Sells new for $24.21.
There are some available for $24.09.
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5 comments about The Volatility Edge in Options Trading: New Technical Strategies for Investing in Unstable Markets.
- I agree generally with the other 5 star reviews. I would add that Augen does a great job of giving the reader a sense of the time and effort it takes to get an edge with respect to trading volatility. The statistical anaylses required take a lot of time and effort and Augen's analysis techniques, which are discussed at length in the book, I believe are invaluable. Not a book for beginners, but experienced, self-directed traders will find this book to be a gem.
- Rare find, this book is well written and nicely organized. I now have a far greater insight on how to profit in my option trading using volitility as an additional method. I read one review that mentioned that this book is not the Holy Grail, I agree and neither is any other book I have ever read on the subject, I do not believe there is such a thing nor probably ever will be. I will say this much about Mr Augen's book, it is definitely in the top 5% of those on the market today and any serious or want to be serious trader ought to do himself or herself a favor and add this arrow to their quiver.
- Two of methods in this books are unique, but too hard to put to use in consistent basis for serious traders. Save money and buy a book on technical analysis on stocks for options trading.
- This is one of the best books on options in my library! I'm a programmer and found Jeff Augen's descriptions of exactly how he calculated volatility and standard deviations. I duplicated it and compared it to iVolatility's historical data and it was dead on. I had thought of the Price Spike charts before reading this book but the author does a good job of explaining how to use them in your option trading. There are many nuggest you can use as an option trader in this book. I suggest re-reading it a few times so it all sinks in.
- Very good book on volatility. The author gives some great ideas about trading volatility.
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