Investing and the Irrational Mind May 3, 2011Posted by McGraw-Hill Education (Asia) in Management & Organization.
Tags: allocate, allocation, asset, BBC, bear market, BMG, bonds, book, BRIC, BSE, bull market, capital, CBOT, commodities, constraint, derivative, diversification, diversify, dow jones, earnings, equity, ETF, exchange traded fund, Finance, Financial, forward, FTSE, futures, greed, Guide, Hang Seng, HIS, How-to, invest, Investing, investment, investments, Market, money, money management, MSCI, mutual funds, nasdaq, Nikkei, option, personal finance, planning, portfolio, Profit, psychology, retirement, Robert Koppel, Russell, s&p, securities, stocks, swap, valuation, value, wall street
Investing and the Irrational Mind
Rethink Risk, Outwit Optimism, and Seize Opportunities Others Miss
Make rational decisions in the irrational world of investing
Most investors are driven by greed and panicked by fear, which is why so many lose so much during market upheavals. It’s also why so few gain so much. What separates the winners from the losers? People who remain calm, focused, and analytical during market ups and downs always come out on top–and snatch the losses of those who panic.
Investing and the Irrational Mind gives you the tools for overcoming the self-destructive impulses that stand between you and profit. Behavioral finance expert Robert Koppel reveals why your brain sends certain negative messages during the investing process. Applying the latest advances in neuroeconomics and insights from top traders, he provides a program for building the habits used by the world’s most successful investors.
Investing and the Irrational Mind teaches you how to:
- Identify negative, self-defeating patterns of thought
- Tailor your goals according to your particular investing psychology
- Develop a framework for overcoming irrational thoughts in investment decisions
- Use one of your most powerful investing tools–intuition
The investing world operates by the law of the jungle, with a new surprise lurking around every corner. How often have you abandoned a perfectly sound investing strategy because you panicked? “Success requires focused concentration that permits an unbiased perception of the market,”writes Koppel. “All we can ever control is ourselves, but that is more than enough.”
Armed with 30 years of experience as an analyst and fund manager, Koppel helps you develop a focused, disciplined, confident, and profitable approach to investing using the best tool at your disposal: your brain. Filled with surprising insights into human behavior and rock-solid financial advice, Investing and the Irrational Mind helps you draw consistent profits in an inconsistent investing world.
“Readers will find within these pages new truths that will help transform their thinking. This is more relevant than the latest strategies, trading systems, or technical chart formations.”
–William J. Brodsky, Chairman and CEO, Chicago Board Options Exchange
“Koppel offers pioneering insights, backed by substantial research, that help explain how psychology influences financial decisions and drives markets. Investing and the Irrational Mind is a must-read for both the professional and nonprofessional investor.”
–Robin Mesch, President, Mesch Capital Management
“If there is truth to the Yiddish proverb that ‘man plans and God laughs,’ read Investing and the Irrational Mind to gain an essential understanding of what to do with your stocks and bonds when God is cracking up. As the sages advised, ‘All the rest is commentary.’”
–Yra Harris, CME Group member, President of Praxis Trading, and author of the daily investment blog Notes from the Underground
“Investing and the Irrational Mind explains the psychological barriers to making good investment decisions–and more importantly how to overcome them. Koppel shows the dangers of our own habit-driven behavior, biases, and heuristics and how they lead us to violate our own investment axioms.”
–Alexander Abell, Director, BlackRock, Inc.
“Investing is fraught with uncertainty, which gives rise to psychological issues that investors ignore at their peril. Bob Koppel has written a fascinating, entertaining, and comprehensive examination of this multifaceted area of inquiry. If you invest for a living, or even if you’re just a student of the psychology of self, you will find beneficial insights in the pages of this book.”
–A. Thomas Shanks, President and CEO, Hawksbill Capital Management
About the Author
Robert Koppel is the author of numerous books on the psychology of trading, a former member of the CME (Chicago Mercantile Exchange), a hedge fund partner and president of his own division at Rand Financial (http://randfinancial.com/main.taf?p=0). Koppel brings the CME platform to this book as he is currently developing content for their educational department. He was the senior business writer for Onmoney.com and his work has appeared in the national financial press, and featured in CNN, CNBC, and NPR.
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- 9780071486644 Way of the Turtle
The Ten Trillion Dollar Gamble April 14, 2011Posted by McGraw-Hill Education (Asia) in Investment.
Tags: allocate, allocation, American Stock Exchange, ASE, asset, BBC, bear market, BMG, Bombay Stock Exchange, bonds, BRIC, BSE, bull market, capital, CBOT, commodities, constraint, derivative, diversification, diversify, dow jones, earnings, equity, ETF, Euronext, exchange traded fund, Finance, Financial, forward, Frankfurt, FTSE, futures, Hang Seng, HIS, hong kong, invest, Investing, investment, London, Market, money, MSCI, mutual funds, nasdaq, New York, Nikkei, NYSE, option, personal finance, planning, portfolio, Profit, retirement, Russell, s&p, securities, shanghai, Singapore, stocks, swap, valuation, value, wall street, Zurich
The Ten Trillion Dollar Gamble
The Coming Deficit Debacle and How to Invest Now
The next economic storm and how to prepare for it—from a top decision-maker at BlackRock
An economic calamity is already looming on the horizon, and it’s going hit the U.S. on a scale equal to the recent mortgage meltdown and liquidity crisis of 2008-2009. In February, President Obama announced that the 2010 budget deficit would surpass $1.5 trillion, an amount greater than the total debt of our nation in its first 200 years of its existence. And things only get worse from here: between 2010 and 2019, America will add one trillion of additional debt every year.
In The Ten Trillion Dollar Gamble, Russ Koesterich, who manages over $100 billion for the world’s largest money management company, offers compelling evidence supporting his prediction that the global economy is on the verge of more, even greater upheaval and provides his unique insight into:
- The structural weaknesses underlying the economic meltdown
- Why commodities will be so important in the next economic climate
- Likely ramifications to the real estate market
- The best stocks to buy and which ones to avoid
Today’s investing strategies will be rendered useless in the next storm’s wake. Written by one of the most qualified people in the business, The Ten Trillion Dollar Gamble offers a plan for protecting your wealth and preserving the power of your savings.
Praise for The Ten Trillion Dollar Gamble
“Many commentators rant about budget deficits and the country’s moral failings. Russ Koesterich calmly and objectively describes our downward economic spiral over the next 20 years and recommends the investments best suited for that journey.”
—Ron Kahn, Global Head of Research, BlackRock Scientific Active Equities, and coauthor of Active Portfolio Management
“A must-read for anyone who has ever touched currency or heard of money.”
—Vadim Zlotnikov, Chief Market Strategist, AllianceBernstein
“A useful book that underlines an essential reality: Americans will not be returning to the old normal. We must adapt to a changing world that presents us with new risks and opportunities. The Ten Trillion Dollar Gamble broadens and deepens a conversation we have to have.”
—Ian Bremmer, President, Eurasia Group, and author of The J Curve and The End of the Free Market
“This book gives investors practical and easy-to-follow solutions on how to protect their investments and financial future.”
—Arthur B. Laffer, founder and CEO, Laffer Associates, and author of The End of Prosperity
“A superb book. Russ Koesterich’s recommendations spanning financial and real assets are insightful, relevant, and pragmatic. Russ is among the select few veterans of the investment management profession who are able to project academic insights faithfully, offer compelling investment advice—and write a page-turner.”
—S. P. Kothari, Deputy Dean, MIT Sloan School of Management
- Book Review on Seeking Alpha by Brenda Jubin, March 31. To read the review, please click HERE
- Article “How the National Debt Affects You” by Meg Handley on U.S.News.com, March 31. To read the article, please click HERE
- Russ Koesterich appearances on CNBC’s Closing Bell, July 22, 2010. To view the video, please click HERE
About the Author
Russ Koesterich (HOMETOWN TK) is Global Head of Investment Strategy for BlackRock Scientific Active Equities. He previously served as Senior Portfolio Manager in the US Market Neutral Group for Barclays Global Investors. Koesterich is the author of The ETF Strategist.
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Super Trader, Expanded Edition November 22, 2010Posted by McGraw-Hill Education (Asia) in Investment.
Tags: bear market, book, bull market, capital, diversificat, diversify, earnings, Finance, Financial, Guide, Investing, investment, money, portfolio, Profit, securities, stocks, wall street
Author: Van Tharp
ISBN: 9780071749084 / 007174908X
©2011 | 2nd Edition | 288 pages | Hardback
Pub Date: DEC-10
Price: US$ 28.00
A fast-paced guide to mixing the perfect blend of psychology and strategy—from trading legend Van Tharp!
How do you transform yourself from mild-mannered investor to Super Trader? Think clearly. Plan accordingly. Commit completely. In other words, become a trader. And no one is better suited to help you make the transformation than legendary trading educator and author Van K. Tharp.
Combining the sharp insight and technical brilliance that has drawn legions of investors to his books and seminars, Tharp provides a holistic approach for becoming a successful full-time trader. His system—a meld of investing psychology and sound trading practice—is the secret to achieving optimum conditions that produce results in both bull and bear markets.
Using the lessons of Super Trader, you will approach trading as you would a small business—realistically, systematically, and enthusiastically. Drawing on his decades of experience, Tharp has created a simple plan designed to help anyone master the market. You can put this plan to use immediately in order to:
- Master the psychology of trading
- Craft a “business plan”—a working document to guide your trading
- Develop a trading system tailored for your personal needs and skills
- Create position-sizing strategies to meet your objectives
- Monitor yourself constantly to minimize mistakes
Throughout the book, Tharp asks the pertinent questions you must ask yourself about becoming a trader, being a trader, and succeeding as a trader.
The rewards that come with being a Super Trader—both financial and personal—make you feel as if you can leap small buildings in a single bound. Whatever your skill level, Tharp provides the formula for succeeding in a field where most people fail.
MoneyLife, August 20, 2011
About the Author
Van K. Tharp, Ph.D., is the founder and president of the Van Tharp Institute. He is regarded as an international leader among professional trading coaches and consultants. Tharp is the author of three acclaimed books published by McGraw Hill: Trade Your Way to Financial Freedom, the New York Times best-seller now in its second edition, Safe Strategies for Financial Freedom, and Financial Freedom Through Electronic Day Trading.
Tharp received his Ph.D. in psychology from the University of Oklahoma Health Science Center in 1975 and is a certified Master Practitioner of Neuro Linguistic Programming (NLP), a Certified Master Time Line Therapist, a certified Modeler of NLP, and an Assistant Trainer of NLP. He has used his expertise in NLP to create the successful models of trading and investing upon which so much of his work is based.
He has collected more than 5,000 successful trading profiles by studying and researching individual traders and investors, including many of the top traders and investors in the world. From these studies he developed a model for successful trading and investing that other people can adopt and learn.
He has developed a five-volume Peak Performance Home Study Course, teaching the results of this ten-year study, and The Investment Psychology Inventory Profile to help people better understand their strengths and weaknesses in relation to trading or investing. He has also developed a course on How to Develop A Winning Trading System That Fits You, written a special report on money management and position sizing, published the Market Mastery newsletter, and publishes a free weekly e-newsletter, Tharp’s Thoughts, which appears on www.TraderPlanet.com.
Smarter Than the Street: Invest and Make Money in Any Market September 24, 2010Posted by McGraw-Hill Education (Asia) in Finance, Highlights, Investment.
Tags: bear market, bull market, CNBC, CNBC Strategy Session, Financial, Gary Kaminsky, investment, money, Smarter Than the Street, Stock Market, wall street
Media darling, CNBC co-host of “Strategy Session” and one of the world’s most successful money managers, Gary Kaminsky, pulls back the curtain to reveal the inner workings of the stock market, and what really drives and/or stagnates economic growth, to provide investors with the proven keys to making money in any market – particularly the no-growth decade ahead.
How do savvy Wall Street investors achieve high returns even in the worst financial times? It’s one of the industry’s best-kept secrets—and now it’s yours for the taking.
Gary Kaminsky, cohost of CNBC’s “The Strategy Session”—and one of the best money managers in Wall Street’s recent history—is ready to share the secrets that have made his colleagues millions, even billions, of dollars. These simple but powerful techniques are not exclusive to Wall Street’s high rollers. With Kaminsky’s system, you will make money even in zero-growth markets. His proven formula shows you how to:
- Develop the same habits, reflexes, and practices of top market performers
- Create a proactive buy-and-sell strategy
- Beat the roller-coaster market trends—and focus on long-term returns
- Make smarter, more informed decisions—and more money!
Kaminsky brings more than two decades of experience to his low-risk, high-return system, demystifying Wall Street for novice and seasoned investors alike. Between 1999 and 2008, Kaminsky’s team at Neuberger Berman grew record-breaking returns far above the S&P benchmark. And they didn’t do it by magic. They did it by constructing a specificstrategy and sticking to it, regardless of the investing climate. It is a strategy that anyone can learn and apply, step-by-step, in any market.
With Kaminsky’s expert guidance, you’ll learn how to be more disciplined and vigilant with your investments, maximizing your returns in a minimum amount of time. You’ll not only make money in most markets, but you’ll lose much less money when those around you are losing their shirts. And you’ll be able to strengthen and protect your assets—particularly in the slow-growth decade ahead—with the confidence and know-how that drives Wall Street’s smartest investors to the top of their game.
Yes, you can beat the market—when you’re Smarter Than the Street.
“Gary Kaminsky is one of the top money managers of the last two decades. His book is a must-read for anyone trying to make real money in the stock market!”
Nils Brous, Founding Principal, Samson Capital Advisors, LLC; Chairman, Arcoda Capital Management LP; former executive, Kohlberg, Kravis, Roberts and Company (KKR)
“Want to know how the best managers and traders on Wall Street make money? Read Gary Kaminsky’s down-to-earth, money-making guide and learn the secrets of profiting in any market.”
Melissa Lee, Host, CNBC’s “Fast Money”
- An early look at SMARTER THAN THE STREET by Gary Kaminsky on CNBC, The Strategy Session, to view, please click HERE
- SMARTER THAN THE STREET was featured on Gary Kaminsky’s blog. To view, please click HERE
- Voted on the eWallstreeter.com as the best finacial book ever read. To read, please click HERE
- Gary Kaminsky’s video interview on TheStreet.com. To view, please click HERE
The McGraw-Hill 36-Hour Course September 6, 2010Posted by McGraw-Hill Education (Asia) in Highlights, Leadership, Management & Organization, Series.
Tags: agile, allocate, allocation, analysis, analyze, begin, best practices, breakdown, budget, capability maturity model integration, close, closing, cmmi, computer, computerize, computerized, Conceptual Design, cone of uncertainty, constraint, Construction Administration, Construction Drawings, Contract Documents, control, control system, controlling, critical chain, critical path, define, defined, defining, deliverable, Design Development, end, estimate, estimation, event chain, execute, executing, Execution, extreme, factor, Financial, framework, gantt chart, goal, Guide, How-to, human, improvement, initiate, initiation, interaction, interdependencies, interdependent, ISO-IEC, manage, middle, monitor, monitoring, objective, operation, organize, pert, plan, portfolio, Pre-Planning, prince ii, prince two, prince2, probability, problem solving, process, process based, Project Management, rational unified process, resource leveling, resources, Risk, RUP, Schematic Design, scope, software, solution, spice improve, stage gate model, stakeholder, structure, team, time, track, tracking, triangle, visualization, visualize, waterfall model, Work
The McGraw-Hill 36-Hour Course: Project Management
Authors: Cooke, Helen; Tate, Karen
©2011 | 2nd Edition | 400 pages , Softcover
Pub Date: October 2010
Price: US$ 19.95
More than 150,000 36-Hour copies sold! All there is to know about project management—in three short days!
In today’s ultracompetitive world of business, those in charge want results on time and on budget–and they’re turning to project managers to deliver. Skilled project managers are in high demand, and the profession is growing at an unprecedented rate.
The McGraw-Hill 36-Hour Course: Project Management, Second Edition, combines expert insight, advice based on realworld experience, and the latest developments into a single, concise package. In the span of 36 hours, you’ll learn how to:
- plan, launch, manage, and close projects
- Build the best team for each project
- Shape and drive a project using effective leadership
- Manage quality, costs, time, and risk
- Deploy the latest project management technologies
Complete with chapter-ending self-tests and a comprehensive online final exam, The McGraw-Hill 36-Hour Course: Project Management, Second Edition, provides the guidance you need to manage any project under any conditions.
About the Author
Helen Cooke (Chicago, IL) is a project management veteran with extensive experience in consultation, implementation and teaching.
Author: Balzac, Stephen
©2011 | 1st Edition | 240 pages , Softcover
Status: October 2010
Price: US$ 20.00
Take a crash course in one of today’s most important business skills–organizational development!
Change comes fast, and the most successful organizations are prepared to handle it before impact; they act, not react. How are they able to do this? With a solid grounding in organizational development.
The McGraw-Hill 36-Hour Course: Organizational Development is a skill-building guide to one of the most important functions in business today. In no time, you’ll be able to recognize patterns of organizational behavior that are detrimental to your organization, and you’ll have the skills to envision and drive the type of change your company needs. Concise, engaging, and filled with quizzes to help you reinforce lessons learned, this crash course offers the knowledge you need to:
- Address problems with your company’s culture
- Hire the best people for your needs
- Set goals and move your team to action
- Motivate your people to envision change
- Institute meaningful change in how your company functions
Change can be your company’s best friend. You just have to manage it with skill. The McGraw-Hill 36-Hour Course: Organizational Development puts you on the fast track to face today’s, not yesterday’s, challenges.
About the Author
Stephen R. Balzac (Stow, MA), “The Business Sensei,” is a professional speaker and consultant. He is the president of 7 Steps Ahead, LLC (www.7stepsahead.com), a consulting firm specializing in helping businesses to increase revenue and build their client base through improving individual, team, and organizational performance.
He is a popular speaker on topics ranging from leadership, motivation, team building, and interviewing skills, and he has guest lectured at MIT and WPI. His articles have appeared in a number of journals, and he is a contributing author to Ethics and Game Design: Teaching Values Through Play. He is a frequent guest on radio shows including “Motivational Minds” and “Leadership Radio,” and is frequently quoted in a variety of publications.
Balzac serves on the board of the New England Society of Applied Psychology (NESAP) and is the president of the Society of Professional Consultants (SPC). He has bachelor’s and master’s degrees in computer science and engineering from MIT, and a master’s degree in Industrial/Organizational Psychology from Capella University. He is an adjunct professor of Industrial/Organizational Psychology and Management at the Wentworth Institute of Technology in Boston, MA. Check out his blog at http://blog.7stepsahead.com.
The McGraw-Hill 36-Hour Course Series
Tags: Carry Trade, Education, Financial, Foreign Exchange, Forex, James Dicks, Market, Profit, Security, Trader's Ten Commandments, Trading Secrets, Trading Strategies, Trading Tools, Wealth
Forex Trading Secrets
Trading Strategies for the Forex Market
Authors: Dicks, James
©2010 | 1st Edition | 304 pages , Hardcover
Pub Date: January 2010
Price: US$ 34.95
An insider’s guide to profiting in the foreign exchange market
Just a decade ago, the Foreign Exchange was a market reserved for a select few. Now, anyone can actively trade in this profitable market—even those with no formal financial education. Enter James Dicks, a leading FOREX expert and educator who cut his teeth in this burgeoning market and wants to share his years of experienced wisdom with you.
FOREX Trading Secrets is a one-stop sourcebook packed with everything a trader needs to quick-start success in a 24-hour market. In addition to covering every fundamental aspect of the FOREX, this hands-on guide provides hard-won tools and strategies from a seasoned trader, who helps you minimize your exposure to the inherent risk in this unique market.
A useful volume you’ll turn to again and again, FOREX Trading Secrets features specific examples of proven trading strategies working in the real world, a simple and profitable technique for money management, and confidence-building skills for creating your own source of income.
If you have never traded the FOREX before, FOREX Trading Secrets is the place to start. It covers the essential basics, including all major currency pairs, the mechanics of trading, how to place a trade, and deciding what type of trader you are. Experienced traders gain expert insight into the fundamentals, as well as such advanced topics as creating a successful trading plan,managing risk, mastering your emotions, and building your portfolio. You will benefit from
- An insider’s clarification of the Carry Trade
- Seeing technical indicators and patterns through a master’s eyes
- The secrets to FOREX diversification
- A detailed explanation of the author’s personal trading approach
- A Trader’s Ten Commandments
There is no holy grail of FOREX trading, but with FOREX Trading Secrets, all you need is practice to build a powerful trading toolbox for wealth security in the world’s biggest financial market.
About the Author
James Dicks (Altamore Springs, FL) is the president and CEO of a group of financial companies including Premierfx, LLC that provide education, training and support to forex traders, through webinars, live events, training materials, and software all focused on the forex. He is the founder of Forex Made Easy, the single largest introducer of spot retail forex customers in the US