“With relatively little effort, you can design and assemble an investment portfolio that, because of its wide diversification and minimal expenses, will prove superior to the most professionally managed accounts. Great intelligence and good luck are not required.”
William Bernstein’s commonsense approach to portfolio construction has served investors well during the past turbulent decade—and it’s what made The Four Pillars of Investing an instant classic when it was first published nearly a decade ago.
This down-to-earth book lays out in easy-to-understand prose the four essential topics that every investor must master: the relationship of risk and reward, the history of the market, the psychology of the investor and the market, and the folly of taking financial advice from investment salespeople.
Bernstein pulls back the curtain to reveal what really goes on in today’s financial industry as he outlines a simple program for building wealth while controlling risk. Straightforward in its presentation and generous in its real-life examples, The Four Pillars of Investing presents a no-nonsense discussion of:The art and science of mixing different asset classes into an effective blend The dangers of actively picking stocks, as opposed to investing in the whole market Behavioral finance and how state of mind can adversely affect decision making Reasons the mutual fund and brokerage industries, rather than your partners, are often your most direct competitors Strategies for managing all of your assets—savings, 401(k)s, home equity—as one portfolio
Investing is not a destination. It is a journey, and along the way are stockbrokers, journalists, and mutual fund companies whose interests are diametrically opposed to yours.
More relevant today than ever, The Four Pillars of Investing shows you how to determine your own financial direction and assemble an investment program with the sole goal of building long-term wealth for you and your family.
The U.S. dollar has been the global reserve currency since the end of World War II. If the dollar fails, the entire international monetary system will fail with it. But optimists have always said, in essence, that confidence in the dollar will never truly be shaken, no matter how high our national debt or how dysfunctional our government.
In the last few years, however, the risks have become too big to ignore. While Washington is gridlocked, our biggest rivals—China, Russia, and the oil-producing nations of the Middle East—are doing everything possible to end U.S. monetary hegemony. The potential results: Financial warfare. Deflation. Hyperinflation. Market collapse. Chaos.
James Rickards, the acclaimed author of Currency Wars, shows why money itself is now at risk and what we can all do to protect ourselves. He explains the power of converting unreliable investments into real wealth: gold, land, fine art, and other long-term stores of value.
Want to know just what's in that box of coins Grandpa Earl left you? Or do you just want to embark on a hobby that will bring you years of enjoyment, and maybe a profit?
Warman's U.S. Coin Collecting is the book that will tell you everything you need to know about collecting U.S. Coins from author Alan Herbert.
What is my coin worth? Don't clean your coin! Tools of the trade Proof coins, proof and mint sets Commemorative coins Grading coins Coins as an investment Bullion coins
And more than 100 questions and answers about U.S. coins, including little-known facts.
Mistakes happen. Now you can cash in on them.
The U.S. Mint produces error coins every year on every denomination. From doubled die cents to rotated reverse quarters to missing letters on dollars, these coins can be worth far more than face value.
Featuring expert insight, hundreds of close-up images, concise details on what to look for and where, and up-to-date market values, you will learn how to spot and profit from even the most well disguised treasures in the new edition of Strike It Rick with Pocket Change.
More than 350 close-up illustrations, key identifying details and current market values help you decipher the difference between proper and error issues and varying types of coins. In addition, this unique must-have how-to also includes:Coverage of Lincoln Memorial Cents, Roosevelt Dimes, Washington Quarters, John F. Kennedy Half Dollars, State QuartersExpert insight and advice about tools of the trade, preserving coins, buying and selling error-variety coinsTerms and definitions associated with error coins
Whether it's a Jefferson Presidential dollar missing edge lettering, that's worth $2,000 - $10,000 plus or a Lincoln cent with trail marks that make it an error worth $1 - $3 there are hidden treasures to be found in your pocket change, if you know what to look for.
From the first year of Federal paper money, 1861, to the present, the fronts and backs of all classes and types of currency, from 3 cents to 10,000 dollars are illustrated. These are accompanied by text listing, describing and pricing every variety of paper money ever issued. The result is a complete pictorial, descriptive and numismatic history of the currency of the United States. There are sections on Colonial and Continental currency (notes issued from 1680 to 1788), and a complete listing by type of the issues of the Confederate States of America (1861-1864). Both are illustrated and have market values in several states of preservation. Also included are chapters on error notes, encased postage stamps and postage envelopes.
For the first time, every illustration is reproduced in color. And for those who think of America's currency as a constant study in green and black, the rainbow-like diversity is a revelation. It is a complete collection of United States currency, many of the notes in the finest state of preservation possible and some so extremely rare that they may only be seen either on these pages or in an exhibition.
A distinguished panel of acknowledged experts on paper money assisted the authors, enabling them to establish accurate and up-to-the minute valuations for all issues.
The Publication of Paper Money of the United States introduced innovations never before attempted. Robert Friedberg (1912-1963) was the first to standardize this subject and gave this book a permanent place on reference shelves. For the past thirty years, it has been completely revised and edited by Arthur Friedberg, who is the Honorary President of the International Association of Professional Numismatists, and Ira Friedberg. New information has been added and valuations have been updated, making it possible to establish the Value of any note. Paper Money of the United States has been an invaluable asset to currency collectors and numismatists for more than fifty years. It also Possesses an appeal and value of its own, not just to lovers of Americana and of the fine art of engraving, but to students of America history, finance and economics.
Banks in America and throughout the world will find this book identification of all obsolete but still legal tender paper money, while simultaneously giving a market valuaton. It is a book Which belongs in every library, public and private.
Accurate values. Complete listings. Detailed photos. You will find that and much more in the 2016 U.S. Coin Digest, the most comprehensive color guide to all United States coin issues on the market.
Produced by experts who make their living buying and selling U.S. coins, the newest edition of U.S. Coin Digest is filled with thousands of photographs, researched and vetted coin pricing and critical details for coins from colonial time to today.
Easy to navigate and easy to understand, U.S. Coin Digest is the perfect resource for the beginner or professional collector.Inside you will find:All U.S. coin issuesReal-world market values2,000 color images for easy identification11 grades of coin conditionCoinage of Colonial AmericaBullion coinsTerritorial Gold coinsMint and proof setsCoins of Hawaii, Philippines and Puerto RicoErrors and Varieties
For the past forty years western economies have splurged on debt. Now, as the reality dawns that many debts cannot be repaid, we find ourselves again in crisis. But the oncoming defaults have a time-worn place in our economic history. As with the crises in the 1930s and 1970s, governments will fall, currencies will lose their value, and new systems will emerge. Just as Britain set the terms of the international system in the nineteenth century, and America in the twentieth century, a new system will be set by today's creditors in China and the Middle East. In the process, rich will be pitted against poor, young against old, public sector workers against taxpayers and one country against another.
In Paper Promises, Economist columnist Philip Coggan helps us to understand the origins of this mess and how it will affect the new global economy by explaining how our attitudes towards debt have changed throughout history, and how they may be about to change again.
Originally published in 1912, Ludwig von Mises’s The Theory of Money and Credit remains today one of economic theory’s most influential and controversial treatises. Von Mises’s examination into monetary theory changed forever the world of economic thought when he successfully integrated “macroeconomics” into “microeconomics” —previously deemed an impossible task —as well as offering explanations into the origin, value and future of money.
One hundred years later, von Mises and the Austrian school of economic theory are still fiercely debated by world economists in their search for the solution to America’s current financial crisis. His theorems continue to inspire politicians and market experts who aim to raise up the common man and reduce the financial power of governments. In a preface added in 1952, von Mises urges the people of the world to see economic truth:
“The great inflations of our age are not acts of God. They are man-made or, to say it bluntly, government-made. They are the off-shoots of doctrines that ascribe to governments the magic power of creating wealth out of nothing and of making people happy by raising the ‘national income.’”
“The best book on money ever written.” —Murray Rothbard, economist and historian
“The greatest economist of the twentieth century.” —Sandeep Jaitly, economist
At last, a guide you can really carry along to coin shops and shows, containing hundreds of color photographs to make on-the-spot appraisals easy.
This comprehensive collecting resource features:Over 500 color photos and thousands of current values of world coins from 1901-2000Coins of the Americas, Canadian, European, African, Asian, and Pacific coinsWorld coin market reports, advice on beginning a collection, mintmarks, counterfeits, grading, errors, handling and storage
Filled with fascinating history and an easy-to-use, full-color catalog of issues, the twelfth edition of Confederate States Paper Money will delight and inform every Confederate note collector, from novice to expert. It features: Full-color images of all major Confederate States currency from the Civil War through Reconstruction. Authoritative pricing in up to six grades for Confederate state issues. Complete coverage of Upham and other facsimile notes, as well as bogus notes, enigmatical issues, advertising notes, uncut sheets and errors. Featuring the work of text of legendary numismatist Arlie Slabaugh and pricing by William Bradimore, no paper money enthusiast's library is complete without Confederate States Paper Money, 12th edition.
Praise for The Birth of Plenty:
"Bill Bernstein has given us a compact and immensely readable economic, political, military, and institutional history of our civilization that is a tour de force. Put everything else down. Take a deep breath. Open The Birth of Plenty. And prepare to be amazed.
--John C. Bogle, Founder and Former CEO, The Vanguard Group
"The Birth of Plenty is a brilliantly written, whirlwind account of how the modern world was formed. It is a hugely enjoyable read, full of vigor and liveliness, and a book every American should possess--at least those who treasure our abundant life and care about our future."
--William Schultheis, Author, The Coffeehouse Investor
"Put simply, this is my favorite economic history book. It gathers what is interesting about economic history to draw important lessons."
--Ed Tower, Professor of Economics, Duke University
"William Bernstein scrutinizes the research literature, distills it with originality and insight, then shares the results with classic Bernstein clarity and wit. Ideologues on both political wings should prepare to have their assumptions challenged."
--Bernard Sherman, Host, Talk of Iowa - Focus on Finance radio show
A daring look at the development of human prosperity--how it was created, and where it's headed
In the breakthrough spirit of Against the Gods, William Bernstein's The Birth of Plenty has the topical uniqueness and storytelling panache to literally create its own category and reader. Based upon the premise that mankind experienced virtually zero economic growth from the dawn of time until 1820, this provocative, bigpicture book identifies the four conditions necessary for sustained economic progress--property rights, scientific rationalism, capital markets, and communications and transportation technology-- and then analyzes their gradual appearance and impact throughout every corner of the globe. Filled with bestselling author William Bernstein's trademark meticulous research and page-turning writing style, The Birth of Plenty explores:Where the world economy could be headed next Implications of the book's thesis for today's society How the absence of one or more of the conditions continues to threaten beleaguered regions
Rare is the book that proposes an entirely new premise, validates that premise with inarguable research and analysis, and then explains beyond question both the relevance and the implications of its premise to the reader and the world at large. The Birth of Plenty is just such a book. From its unique, topical subject matter to its tremendous review potential, this insightful book will be one of the most talked-about volumes of the publishing season.
In six concise chapters, Financial Fiasco tells the complex story of the crisis, showing how monetary policy, housing policy, and financial innovations combined to create financial catastrophe. The final two chapters describe the government's mismanagement of the crisis and how we are now dangerously repeating many of the very same mistakes that caused it. An understanding of the roots of the financial crisis is crucial for every American who has felt its effects - and would like to prevent the same disaster from happening again. Financial Fiasco provides that understanding, with great insight, clarity, and wit.
Just as important, the book serves as a profound warning against pursuing the wrong solutions. "After government authorities had helped create the worst financial crisis in generations, the climate of ideas has now shifted dramatically in the direction of bigger and more active government," Norberg writes. Financial Fiasco is the perfect antidote to those ideas, a cautionary tale on how to stop confusing the disease with the cure.
The numbers are simple. What’s complicated is what we do with money. We use money to soothe our feelings and buy respect, to show how much we care or how little. We don’t simply earn, save, and spend money: we flirt with it, crave it, and scorn it; we punish and reward ourselves with it.
Without realizing it, we give money meaning it doesn’t really have—what former psychiatrist and current business coach David Krueger calls our “money story.” And in the process of playing out that money story, we often sacrifice the most important things in our life: our health, freedom, relationships, and happiness.
What is your money story?Do you consistently spend more than you have? Do you follow the herd in your investments—even though you know the herd is usually wrong? Have you neglected to save for the future, even when you have the means? Do you feel controlled or shackled by debt? Is your money somehow never “enough”? Is money, or the lack of it, always on your mind?
The Secret Language of Money is a guided tour to the subconscious meanings we give money, the conflicted ways our braindeals with money, the reasons we tend to make the same money mistakes over and over—and most importantly, how you can change all that.
A brilliant blend of cutting-edge science and real-world application, The Secret Language of Money helps you rewrite your money story and find that elusive balance of wealth, health, and joy we all seek.
An Economist Best Book of the Year, 2015
A Bloomberg Best Book of the Year, 2015
The finance sector of Western economies is too large and attracts too many of the smartest college graduates. Financialization over the past three decades has created a structure that lacks resilience and supports absurd volumes of trading. The finance sector devotes too little attention to the search for new investment opportunities and the stewardship of existing ones, and far too much to secondary-market dealing in existing assets. Regulation has contributed more to the problems than the solutions.
Why? What is finance for? John Kay, with wide practical and academic experience in the world of finance, understands the operation of the financial sector better than most. He believes in good banks and effective asset managers, but good banks and effective asset managers are not what he sees.
In a dazzling and revelatory tour of the financial world as it has emerged from the wreckage of the 2008 crisis, Kay does not flinch in his criticism: we do need some of the things that Citigroup and Goldman Sachs do, but we do not need Citigroup and Goldman to do them. And many of the things done by Citigroup and Goldman do not need to be done at all. The finance sector needs to be reminded of its primary purpose: to manage other people's money for the benefit of businesses and households. It is an aberration when the some of the finest mathematical and scientific minds are tasked with devising algorithms for the sole purpose of exploiting the weakness of other algorithms for computerized trading in securities. To travel further down that road leads to ruin.
• How to identify valuable coins that are hiding in pocket change
• Secrets of how to grade, trade, and preserve coins like the experts
• Current trends in the coin market and how to profit from trading coins
• The most complete coin price guide on the market today!
• Over 18,000 prices
• Values for every U.S. coin ever minted
• An updated market review that traces current trends in collecting and investing
• Hundreds of coin illustrations and a fast-find index for easy identification
• Extensive information on buying, selling, and grading coins at auction, online, and through the mail
Among the notes represented in this book are:Large and small currency Silver and gold certificates National bank notes by state Pre-Civil War Treasury notes Fractional currency and military payment certificates Encased postage stamps
Put the 30th edition of this popular paper money book to use for you. You and your collection will be better for it.
What is money, and how does it work? In this tour de force of political, cultural and economic history, Felix Martin challenges nothing less than our conventional understanding of money. He describes how the Western idea of money emerged from interactions between Mesopotamia and ancient Greece and was shaped over the centuries by tensions between sovereigns and the emerging middle classes. He explores the extraordinary diversity of the world’s monetary systems, from the Pacific island of Yap, where value was once measured by immovable stones, to the currency of today that exists solely on globally connected computer screens. Martin shows that money has always been a deeply political instrument, and that it is our failure to remember this that led to the crisis in our financial system and so to the Great Recession. He concludes with practical solutions to our current pressing, money-based problems.
Money skips nimbly among such far-ranging topics as John Locke’s disastrous excursion into economic policy, Montesquieu’s faith in finance to discipline the power of kings, the social organization of ancient Sparta and the Soviet Union’s ill-fated attempt to abolish money and banking altogether. Throughout, Martin makes vivid sense of a chaotic and sometimes incoherent system—the everyday currency that we all share—in the clearest and most stimulating terms. This is a magisterial work of history and economics, with profound implications for the world today.
This book will show you how to 'Have Your
Cake and Eat It'. In other words, you will learn how to buy what you need
without actually spending your own money.
Special qualifications or expert knowledge
is not required and you won’t need a salary increase. Armed with nothing but
the information contained in this book, you can start today with your current
income and take your first step towards financial freedom.
Take the 'Financial Aptitude Test' at the
end of the book and find out if you have the mentality of a Rich, Poor or
Foolish person, then begin at once to strengthen your weak points by re-reading
the relevant chapters. This book will soon become your trusted mentor and the
best gift that you could ever give to your friends and family.
Topics covered include exchange rate regimes, contagion (transmission of currency crises across countries), the current account of the balance of payments, the role of private sector investors and of speculators, the reaction of the official sector (including the multilaterals), capital controls, bank supervision and weaknesses, and the roles of cronyism, corruption, and large players (including hedge funds).
Ably balancing detailed case studies, cross-country comparisons, and theoretical concerns, this book will make a major contribution to ongoing efforts to understand and prevent international currency crises.
When Governor Meyer was appointed by President Clinton to serve on the Federal Reserve Board of Governors in 1996, the United States was entering one of the most prosperous periods in its history. It was the time of "irrational exuberance" and the fabled New Economy. Soon, however, the economy was tested by the Asian financial crisis, the Russian default and devaluation, the collapse of Long-Term Capital Management, the bursting of America's stock bubble, and the terrorist attacks of 9/11.
In what amounts to a definitive playbook of monetary policy, Meyer now relives the Fed's closed-door debates -- debates that questioned how monetary policy should adapt to the possibility of a New Economy, how the Fed should respond to soaring equity prices, and whether the Fed should broker the controversial private sector bailout of LTCM, among other issues. Meyer deftly weaves these issues with firsthand stories about the personalities involved, from Fed Chairman Alan Greenspan to the various staffers, governors, politicians, and reporters that populate the world of the Fed.
Since the end of his term, Meyer has continued to watch the Fed and the world economy. He believes that we are witnessing a repetition of some of the events of the remarkable 1990s -- including a further acceleration in productivity and perhaps another bull market. History does not repeat itself, yet Meyer shows us how the lessons learned yesterday may help the Fed shape policy today.
그러나 아름답게 쓰여지는 돈은 사람을 살리고, 세우며, 세상에 감동을 주는 귀한 것이 될 수 있다. 그리스도인에게 있어서 믿음과 돈, 이 둘의 관계는 참으로 복잡하다. 재물이 있는 곳에 우리 마음이 간다.
현재, 우리는 미래의 삶에 대한 불안감이 증폭된 시대에 살아가지만, 돈도 섬기지 않고, 마음도 빼앗기지 않으며, 살아갈 수 있는 비결이 있다. 언제, 어디서든지 말씀을 읽고 묵상할 수 있는 스마트한 시대를 살아간다. 살아있는 말씀의 능력을 체험할 수 있는 최적의 환경이다.
사람이 하나님에 대한 성경적인 믿음을 갖게 되면, 우리네 인생을 좌지우지하는 재물로부터 자유로울 수 있을까? 예수님께서 말씀하셨다. “너희는 하나님과 재물을 겸하여 섬길 수 없느니라”(누가복음 16:13) 그리스도인의 삶의 질은 믿음과 하나님의 말씀인 성경의 가르침에 대한 실천적인 이해에 달려 있다.
돈(재물)과 관련된 인생의 문제를 찾고자 하는 이들에게 바른 방향을 줄 것이다.
특히 재정상담가, 금융업, 보험업에 종사하는 사람들에게 바른 신앙적 가치를 잡아주는 지침서가 될것이다.
'24가지 십일조에 관한 질문과 답변'은 현대 신앙인들이 겪는 돈과 하나님 사이에 갈등과 고민에 대한 답을 실었다.
Supported by interviews with leading central bankers from around the world, and informed by the latest academic research, Banking on the Future considers such current issues as the place of asset prices and credit growth in anti-inflation policy, the appropriate role for central banks in banking supervision, the ways in which central banks provide liquidity to markets, the efficiency and cost-effectiveness of central banks, the culture and individuals working in these institutions, as well as the particular issues facing emerging markets and Islamic finance. Howard Davies and David Green set out detailed policy recommendations, including a reformulation of monetary policy, better metrics for financial stability, closer links with regulators, and a stronger emphasis on international cooperation.
Exploring a crucial sector of the global economic system, Banking on the Future offers new ideas for restoring financial strength to the foundations of central banking.
Covering a variety of current coin issues including:Commemorative coins of inventive shapes, sizes, colors, compositions and textures Popular silver and gold commemorative coins currently rising in value Circulation coins struck in durable metals for constant daily use Innovative coins produced in acrylic or hosting precious gems
About the Editors
George S. Cuhaj is a 17-year veteran of the Krause Publications numismatic catalog staff, a former cataloger for Stack's Rare Coins, and is a frequent instructor at the American Numismatic Association's Summer Seminars. Thomas Michael serves as market analyst for Krause Publications' world coin catalogs and has more than 20 years of experience researching and reporting on world coin prices and market trends.
Author Philip Ryken writes, “In witnessing Solomon’s moral triumphs and sinful failures we learn how to live more wisely. By the grace of God, we may avoid a tragic downfall of our own and learn how to use money, sex, and power for the glory of God.”
Tracing Solomon’s life from coronation to burial—and from godly devotion to self-serving excess—Ryken shows readers how to avoid similar downfalls and seek God’s glory amid earthly temptations. These thirteen chapters are pastoral, rich in application, and biblically faithful. This overview of Solomon’s life also includes a study guide, making it a great resource for both personal and group use.
Michael S. Shutty Jr., Ph.D. introduces the idea that coins are transformed into something special when numismatists choose to collect them. In this way, the collector is placed front and center. Michael uses the term "marvelous" to capture the allure that coins have for sharing secrets about the past—but here again, he gives coin collectors all the credit for telling their stories. This is a unique approach in numismatic writing, as more often than not, the coins are given precedence! After reading this book, you will realize that it is the other way around. What better way is there to get started or re-invigorated with collecting coins?
Made for the professional but easy enough to use by beginners, U.S. Coin Digest is the answer to your coin questions.
Inside you'll find: All U.S. coin issues Real-world market values 2000 color images for easy identification 11 grades of coin condition Coins of Colonial America Bullion coins Territorial coins Mint and proof sets Coins of Hawaii Coins of Philippines Coins of Puerto Rico Errors and Varieties
The purpose of this fun, easy-to-access guide is to turn you into a world-class coin collector in as little time as possible. You’ll learn what coins can teach you about history and geography, develop organizational and observational skills, and learn to use analytical tools, all without event thinking about it. And you’ll learn the basics about ancient coins, U.S. coins, world coins, and the wild-and-wooly stuff that really gets your numismatic juices flowing. Discover how to:Start your collection correctly Evaluate coins using age, condition, rarity, and more Buy interesting coins without breaking the bank Locate rare and expensive coins Get savvy about avoiding fakes Get the whole family involved in your collection Develop a buying strategy Clean and handle coins safely Keep your collection secure at home and on the road Investigate tokens, medals, and miscellaneous coins Create complete collections of copper, nickel, silver, or gold U.S. coins
When it comes to numismatics, Coin Collecting For Dummies, 2nd Edition is right on the money!
In this excellent guide, now fully revised and updated, leading financial journalist Philip Coggan cuts through the headlines, the scandals and the jargon to explain the nuts and bolts of the financial system.
What causes the pound to rise or interest rates to fall? Which are the institutions that really matter? Why is it we need the Money Machine - and what happens when it crashes? Coggan provides clear and concise answers and shows why we should all be more familiar with a system we so intimately depend upon.
Little has been written about the instability of the Euro, but it’s a very real threat to investors worldwide, as well as to the global economy. In The Fall of the Euro, the Global Head of Currency Strategy at Nomura describes why the breakup of the Eurozone remains a real risk and outlines investment strategies for the most likely scenarios.
Over the last two years, swings in global asset markets have been increasingly driven by developments in Europe. This is something new: in the past, Europe was one of the most stable parts of the global economy, and its typically minor economic fluctuations would have little bearing on US equity markets. In the new environment of European turbulence, Europe's economic and political developments will be a persistent source of shocks for global financial markets. If the path ahead involves a disorderly breakup of the Eurozone, the instability to come will be much more intense than what we have seen to date. As an investor, you need a roadmap. This book provides it.
Jens Nordvig is Managing Director, Head of Fixed Income Research, Americas and Global Head of Currency Strategy at Nomura, the global investment bank. Previously, Nordvig worked as a Senior Currency Strategist for investment management firm Bridgewater Associates, the largest hedge fund in the world.