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Money Machine: The Surprisingly Simple Power of Value Investing Gary Smith

Money Machine: The Surprisingly Simple Power of Value Investing By Gary Smith

Money Machine: The Surprisingly Simple Power of Value Investing by Gary Smith


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Summary

The stock market is not a get-rich-quick scheme for gamblers trying to fund next summer's exotic vacation. But it's still the best way to achieve the financial success you've always dreamed of--including a whole bunch of vacations later in life!

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Money Machine: The Surprisingly Simple Power of Value Investing Summary

Money Machine: The Surprisingly Simple Power of Value Investing by Gary Smith

It's time to put your money to work the smart way and stop chasing quick payoffs that never turn out. That seductive stock tip you just overheard? That's your ticket to flushing your savings down the toilet. The story you saw on a promising new product? Only those who invested before the story came out have any chance of a solid payout. If you want to succeed in the market, you need to learn how to invest based on value, selecting stocks that will continue to enrich you for years to come.Money Machine looks at Wall Street wonders Warren Buffet, Benjamin Graham, and other legends and shares how you, too, can utilize their secrets to unimaginable success! By learning the keys to value investing, you will discover how to: - Judge a stock by the cash it generates- Determine the stock's intrinsic value- Use key investment benchmarks such as price-earnings ratio and dividend-price ratio- Recognize stock market bubbles and profit from panics- Avoid psychological traps that can trip you up- And more!Investing in the market doesn't have to be reckless speculation. Invest in value, not ventures, and find the financial success all those gamblers are still looking for!

Money Machine: The Surprisingly Simple Power of Value Investing Reviews

..".Smith became an independently wealthy multimillionaire by investing in stocks. In his new book he reveals how smart value investing made that happen." --Think Advisor

About Gary Smith

Gary Smith, Ph.D., is a professor of economics at Pomona College. His research has been featured in The New York Times, The Wall Street Journal, Forbes, Motley Fool, Newsweek, and BusinessWeek.

Table of Contents

CONTENTS

Forewordxi

Introductionxiii

Part I: Value Investing

1. Seeing Through the Hype3

2. Speculation Versus Investing6

3. Semi-Efficient Markets10

4. Torturing Data31

5. Baubles and Bubbles45

6. Intrinsic Value61

7. Investment Benchmarks79

8. The Conservation of Value111

9. We're Only Human124

Part II: Value Investing Applied

10. The Right Attitude147

11. KISS158

12. Timing the Market169

13. Picking Stocks176

14. Closed-End Funds 200

15. Special Opportunities214

16. Investing in Your Home241

Appendix to Chapter 16259

Afterword: Summing It Up263

References271

Index293

Additional information

CIN0814438563VG
9780814438565
0814438563
Money Machine: The Surprisingly Simple Power of Value Investing by Gary Smith
Used - Very Good
Hardback
HarperCollins Focus
2017-07-16
320
N/A
Book picture is for illustrative purposes only, actual binding, cover or edition may vary.
This is a used book - there is no escaping the fact it has been read by someone else and it will show signs of wear and previous use. Overall we expect it to be in very good condition, but if you are not entirely satisfied please get in touch with us

Customer Reviews - Money Machine: The Surprisingly Simple Power of Value Investing