BOOK REVIEWS


Debashis Basu Debashis Basu 05 November 2009
A risky method to riches There is a time to buy stocks and there is a time to sell them. And then there is a time to sell them short. If you are able to sidestep a cascading decline, like we witnessed last year, you can preserve your wealth. If you can sell short (that is sell stocks you...

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Investing is part science and part art and there are only two major approaches. It could be fundamental (based on financial data) or it could be technical (based on price patterns). These days, some books openly suggest that you buy and sell quickly and sell stocks short. But this book claims...

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A mirror on how you invest and trade   Try and answer these questions. Why does your colleague become your top financial advisor in matters of savings for retirement? Why don't people reinvest in stocks after having lost money on them? Why do men prefer stocks and women bonds? Why do you sell...

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Sanket Dhanorkar 13 October 2009
Little Kevin doesn’t read the Wall Street Journal, nor does he worry about the US economy. He believes in Santa Claus and loves to munch on a Happy Meal at McDonald’s. Yet, he has created a portfolio of securities that fetch returns that would make a seasoned fund manager turn green with envy....

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Debashis Basu Debashis Basu 08 October 2009
It is not easy to write a book on market panics and say something new. But this book manages to do that. While it covers interesting topics like types of panics, panic cycle and recent factors that have caused panics, even on something as basic as “is the market always right”, Vines offers...

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  Today’s dollar is worth less; tomorrow’s dollar could be worthless’, sums up Ron Coby in his assessment of the US economy’s future. In his book (Discover the Upside of Down, pages 258; $29.95), Coby reveals how the US Federal Reserve Board is fighting a losing battle. According to him, the Fed...

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  A country that is deeply caste ridden, whose politicians are venal, whose middle class is caught in its own narcissism, where a state is not averse to targeting minority groups, whose privileged are comfortable with exploitative labour, where the State does not deliver even basic social...

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David Faber is an award-winning journalist for CNBC who had done a long documentary titled House of Cards on the financial crisis of 2008. A TV reporter has an extremely limited opportunity to explain complicated financial and business issues in great detail. The medium does not allow him to do...

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A New Approach to Charting Growth After more than a 100 years of success as a product-focused company, DuPont realised it was time to adopt a service approach of “getting paid for what we know.” During the technology churn of the 1990s, IBM’s bright idea of ‘on-demand computing’ set the stage...

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George Angell, in his new book (Small Stocks for Big Profits, John Wiley & Sons; Pages 210; $49.95), says the big opportunity for individual investors lies in emerging, relatively unknown companies overlooked by stock analysts and institutional investors. He provides strategies for finding...

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Tips On Value Investing Playing Wall Street is an art, not a science,” says Harvey Houtkin. In his latest book, the late Houtkin, known in the financial community as the ‘father of day trading’, finds that conventional Wall Street wisdom works against the average investor. “If you want a...

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Roberto Mignone of Bridger Management, a hedge fund, does not have much of an opinion about Wall Street research. He discovered early in his career that a lot of it is incomplete or just plain wrong. Mignone and his team seek out primary sources to verify the company management’s line. They go...

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The All India Management Association (AIMA), the apex body of professional management in India, has published its first ever Business School Directory. AIMA, which had come out with a Best B-Schools Survey in 2008, has now compiled a comprehensive and exhaustive list of over 1,700 business...

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Great historical research but suspect prognosis The thesis of this book is simple. Starting from 1971, when defence manufacturing company Lockheed was rescued for $250 million, the US government has been consistently bailing out US companies. From loan guarantees for Penn Central in 1974...

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Read this story and see if you can find any parallels with investing. Zhuge Liang led an army to Qi Mountain six times. Eventually, he fell sick from exhaustion and passed away at an army base. Before he died, Zhuge Liang told his deputy, Jiang Wei to keep the news of his death a secret. He also...

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Debashis Basu Debashis Basu 27 August 2009
A fine new book that synthesises the latest market theories and offers practical solutions It is rare to come across a new book on markets with fresh ideas. This book does not pretend to be one. But this is one of the best recent books that synthesise the cutting-edge theories of how markets...

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Foreign institutional investors (FIIs) were allowed to invest in India since 1993. In 2005, Indians were allowed to invest large sums overseas. Global investing may seem new but it is not. Before the Russian revolution, you could hear French investors discuss their Russian bond investments in...

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The secret behind Jamie Dimon’s rise to the zenith of US banking Jamie Dimon carries with him an A4-size paper in which he writes down and keeps track of any number of things, especially information that he has asked for. The paper is covered with dozens of little rectangles in blue ink:...

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A novel investment approach for those Americans who have no time or expertise What if there was a portfolio that could be all these things? One, keeps you from being too conservative – that is sticking to bonds or bank deposits and see your purchasing power getting eroded by inflation. Two,...

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Terry Burnham has written a book (Mean Markets and Lizard Brains, by Terry Burnham, John Wiley & Sons; $16.95; Pages 324), to help you “profit from the new science of irrationality.” But what it describes is not exactly a science and is not new. It is the good old behavioural finance theory. As...

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