Discover the transformational journey of a conventional-minded runner to a minimalist, mountain-climbing, adventure-seeking ultrarunner determined to conquer the Catskill Mountains challenge known as the "Grid."After a successful career on Wall Street, the Catskill Mountains beckoned. In Chasing the Grid, author Kenneth Posner, a seasoned corporate worker and intrepid but non-elite runner, sets out after an ultra-distance mountain-running record which nearly destroys him. Along the way, he...

Kenneth A. Posner spent close to two decades as a Wall Street analyst, tracking the so-called "specialty finance" sector, which included controversial companies such as Countrywide, Fannie Mae, Freddie Mac, CIT, and MasterCard-many of which were caught in the subprime mortgage and capital markets crisis of 2007. While extreme volatility is nothing new in finance, the recent downturn caught many off guard, indicating that the traditional approach to decision making had let them down. Introd...

Discover the transformational journey of a conventional-minded runner to a minimalist, mountain-climbing, adventure-seeking ultrarunner determined to conquer the Catskill Mountains challenge known as the "Grid.”After a successful career on Wall Street, the Catskill Mountains beckoned. In Chasing the Grid, author Kenneth Posner, a seasoned corporate worker and intrepid but non-elite runner, sets out after an ultra-distance mountain-running record which near...

A timeless approach to investing wisely over an investment lifetimeWith the current market maelstrom as a background, this timely guide describes just how to plan a lifetime of investing, in good times and bad, discussing stocks and bonds as well as the relationship between risk and return.Filled with in-depth insights and practical advice, The Investor's Manifesto will help you understand the nuts and bolts of executing a lifetime investment plan,...

Fascinating insights into the hedge fund traders who consistently outperform the markets, in their own wordsFrom bestselling author, investment expert, and Wall Street theoretician Jack Schwager comes a behind-the-scenes look at the world of hedge funds, from fifteen traders who've consistently beaten the markets. Exploring what makes a great trader a great trader, Hedge Fund Market Wizards breaks new ground, giving readers rare insight into the trading ph...

In this major revision of his investment classic, one of the premier investment managers introduces vitally important new findings in psychology that show why most investment strategies are fatally flawed and his contrarian strategies are the best way to beat the market.The need to switch to a new approach for investing has never been more urgent. The crash of 2008 revealed in dramatic fashion that there are glaring flaws in the theory that underlies all of the pre...

Even the best Wall Street investors make mistakes. No matter how savvy or experienced, all financial practitioners eventually let bias, overconfidence, and emotion cloud their judgment and misguide their actions. Yet most financial decision-making models fail to factor in these fundamentals of human nature. In Beyond Greed and Fear, the most authoritative guide to what really influences the decision-making process, Hersh Shefrin uses the latest psychological research to h...

A new approach to investing based on how Wall Street insiders approach the marketThe Indomitable Investor deconstructs the stock market as the public has come to know it and reconstitutes it from the inside out from the perspective of the fortunate few who dominate Wall Street. By revealing how top investors and traders think and act Steven Sears shows the stock market to be an undulating ocean of money, with seasoned investors reading the waves others can...

A SMART, BACK-TO-BASICS APPROACH FOR GENERATING INVESTMENT RETURNS IN TODAY’S TURBULENT MARKETS“Abnormal Returns seeks to demystify investment strategies and help investors find the path that is right for them, and, in so doing, should help investors succeed on the sometimes perilous road to investment success.”—JAMES P. O’SHAUGHNESSY, author of What Works on Wall Street“Think of this book as a gift that will save y...

This comprehensive reference delivers a toolkit for harvesting market rewards from a wide range of investments. Written by a world-renowned industry expert, the reference discusses how to forecast returns under different parameters. Expected returns of major asset classes, investment strategies, and the effects of underlying risk factors such as growth, inflation, liquidity, and different risk perspectives, are also explained. Judging expected returns requires balancing historical returns ...

Accounting for Value teaches investors and analysts how to handle accounting in evaluating equity investments. The book's novel approach shows that valuation and accounting are much the same: valuation is actually a matter of accounting for value.Laying aside many of the tools of modern finance-the cost-of-capital, the CAPM, and discounted cash flow analysis-Stephen Penman returns to the common-sense principles that have long guided fundamental investing: price is what you...

An insider's account of how consumers are scammed by the investment advice industry, and how to avoid throwing your money away.The investment advice and management industry is built on fraud: the idea that professional advisors can predictably and consistently help you get a better rate of return on your investments. The industry sells us on this lie using manipulative tactics that are studied, refined, Wall Street-minted, Madison Avenue-packaged—and extraordinaril...