The Big Secret for the Small Investor

You buy financial assets for the cash flows you expect to gain. The price of a stock cannot be justified by assuming there will be other investors around who will pay a higher price in the future. That is the equivalent of playing an expensive game of musical chairs. As a

Accounting and finance like all other business disciplines, really are as much art as they are science. The art of accounting and finance is the art of using limited data to come as close as possible to an accurate description of how well a company is performing. Accounting and finance are

Family businesses are the backbone of the economy of just about every country on earth, and the wealth of nations depends on them. Many, even most of the major corporations on the planet had family business origins. Understanding family business can unlock one of the greatest and most illusive challenges in

Why Commodities get no respect? Too many so-called smart investors consider themselves diversified if they have money in stocks, bonds, real-estate, and/maybe, for the sophisticated, some currencies. But commodities rarely, if ever, hit the radar screen. Successful investors look for opportunities to buy value cheap and hold it long-term, regardless of

Charlie Munger, Berkshire Hathaway's visionary vice chairman and Warren Buffett's indispensable financial partner, has outperformed market indexes again and again, and he believes any investor can do the same. His notion of elementary, worldly wisdom -a set of interdisciplinary mental models involving economics, business, psychology, ethics, and management-allows him to keep his

Finally! A book about economics that won’t put you to sleep. In fact, you won’t be able to put this bestseller down. In our challenging economic climate, this perennial favorite of students and general readers is more than a good read, it’s a necessary investment—with a blessedly sure rate of return.

Geography is no longer a limitation for those willing to follow Andrew Henderson’s ‘Five Magic Words’ and “Go where you’re treated best.” As the world’s most sought-after expert on offshore tax planning, second passports, and global citizenship - cited by the BBC, Bloomberg, Elite Daily and more - Andrew has condensed his

This classic text is annotated to update Graham's timeless wisdom for today's market conditions...   The greatest investment advisor of the twentieth century, Benjamin Graham, taught and inspired people worldwide. Graham's philosophy of value investing -- which shields investors from substantial error and teaches them to develop long-term strategies -- has made The Intelligent