This book explains the keys to successful investment and the pitfalls that can destroy capital or ruin a career. Utilizing passages from his memos to illustrate his ideas, Marks teaches by example, detailing the development of an investment philosophy that fully acknowledges the complexities of investing and the perils of the financial world. Brilliantly applying insight to today's volatile markets, Marks offers a volume that is part memoir, part...

"Now more than ever, people are being affected by the fluctuations in the global economy and by financial uncertainty - with major impacts on their savings, portfolios and pensions. Fully updated for this fifth edition, How the Stock Market Works tells investors what is being traded and how, who does what with whom, and how to evaluate a particular share or bond in light of rival claims from critics and admirers.Although using the British stock market...

Howard Marks's The Most Important Thing distilled the investing insight of his celebrated client memos into a single volume and, for the first time, made his time-tested philosophy available to general readers. In this edition, Marks's wisdom is joined by the comments, insights, and counterpoints of four renowned investors and investment educators: Christopher C. Davis (Davis Funds), Joel Greenblatt (Gotham Capital), Paul Johnson (Nicusa

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"One of the most respected and revered names on Wall Street, Charles Ellis updates his influential work to reflect the new realities of today's markets. Technology, information overload, and increasing market dominance by expert investors and computers are making it harder than ever for active managers to produce results that overcome operating costs and fees. Winning the Loser's Game shows investors how to index to reduce costs, fees, and taxes,...

Global financial markets are part of a much larger world, a world of fluid government policies, political unrest, and other unpredictable forces.

If It's Raining in Brazil, Buy Starbucks quantifies how far-reaching factors affect stock prices, and how investors can trade more effectively by understanding the links between these forces and the stock market. It focuses on specific macroeconomic forces and which sectors of the economy

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"A reliable resource for investors who want to make more informed choices, this book steers readers away from past investment errors and guides them in the right direction. The Five Mistakes Every Investor Makes and How to Avoid Them, Second Edition, focuses on what investors do wrong, so you can avoid these common errors and set yourself on the right path to success. In this comprehensive reference, you'll learn to navigate the ever-changing variables...

"How John Maynard Keynes became one of the greatest stock investors of all time--and how you can replicate his successKeynes was not only one of the most influential economists of the 20th Century but also a savvy investor who financially advised Winston Churchill and FDR.Keynes's Way to Wealth presents the legendary economist's most powerful investment principles and strategies, including buying quality stocks and holding them, trading commodities,...