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High-Flying Adventures in the Stock Market
Molly Baker Manufacturer: Wiley ProductGroup: Book Binding: Paperback ASIN: 0471443050 |
Amazon.com
Anyone who's tried day trading can tell you about the frayed nerves and upset stomach that come with following stocks by the hour. But try following their tiny movements day in and day out for a year, with $2 billion hanging on your decisions, and you'll have an idea of what it's like to manage a mutual fund. In mid-1998, reporter Molly Baker tagged along with Jerry Frey, manager of Delaware Investments' top-performing growth funds, and recorded his thoughts, actions, and conversations as he and his team tried to beat out 860 other funds for first place. What emerges is a portrait of a man with intestinal fortitude, a knack for numbers, and an uncanny understanding of market psychology. When a junior manager prepares to sell a rising stock at $30, Frey tells him to lower his target to $29 5/8; there may be a hundred other fund managers thinking, "I'll sell when it hits $30," but there may not be a hundred buyers willing to pay $30. "I've told you not to think in round numbers," Frey cautions.As the year goes on, Frey's overall ranking rises and falls with the volatile tech sector, and with it his moods. But, ultimately, it's not competing funds that pose the greatest challenge to Frey and his team--it's a record bull market. Index funds were the biggest success story of the 1990s, riding the market's momentum instead of betting on individual stocks. Frey watches helplessly as the value of his handpicked portfolio shrinks, then grows, then shrinks again, while the overall market continues to climb. Personal investors wondering how the pros handle the market--both professionally and emotionally--should find High-Flying Adventures in the Stock Market an illuminating read, one that brings the mystery of big-money investing down to earth. --Demian McLean
Book Description
PRAISE FOR HIGH-FLYING ADVENTURES IN THE STOCK MARKETCustomer Reviews:
Run with the Bulls While Watching the Paint Dry!.......2004-05-21
The essence of their edge is that they bought Internet IPOs and stocks much more aggressively than other, similar funds at a time when the Internet was a red-hot investment area. That's the "run with the bulls" part of the story. That's a reference by me to the concept that when the market is hot, you should get into the hottest part of the market (better known as momentum investing). If you take a more conservative approach, you don't make the big bucks. A major part of the year's big gains versus other funds comes in the last few minutes of the last trading day of 1998 as AOL surges following its addition to the S&P 500 Index. But how the team does it is very repetitive and boring, even though they go through a gut-wrenching drop as Russian bond failures collapse the stock market and Long Term Capital has to be rescued by the Fed. That's the "watching the paint dry" part of the story.
This is a very challenging book to review accurately. The book has many fine qualities. Its best feature is that Molly Baker is terrific for finding everyday analogies for explaining basic stock market concepts. The priciness of P/E ratios is compared to women's shoes at different price levels, for example. So, if you know nothing about stocks, this book is actually a better source of explanations through analogies than any other book about investing I have ever read. However, if you know about stocks, her analogies just waste time and bulk up the book.
The day-to-day activities of the investment managers are about as interesting as watching someone do their laundry. They pretty much do the same things, over . . . and over . . . and over.
Rather than a diary-type recitation of many days, this would have been much more interesting if grouped into subject matters. That would have missed the "excitement" of the gains and losses during the year, but I doubt if too many people really care how a bunch of rich investment managers handle the stress of whether they get their three million plus for the year. I never found myself rooting for or against them.
Unless you really want to know a lot about how mutual fund managers manage your money, you will probably not find this book very interesting. And naturally, your own managers probably do it differently.
My firm does interviews with such institutional money managers every day, and we find that these people have many interesting ideas and insights. Somehow, very few of those ideas and insights made it into this book. That's a missed opportunity, for which I graded the book down one star.
On the other hand, if you know nothing about the market, and want to find out how a group of winners did it one time, you will probably love this book. For you, it is a five star book!
A library book at best..........2003-11-30
Run with the Bulls While Watching the Paint Dry!.......2000-08-16
The essence of their edge is that they bought Internet IPOs and stocks much more aggressively than other, similar funds at a time when the Internet was a red-hot investment area. That's the "run with the bulls" part of the story. That's a reference by me to the concept that when the market is hot, you should get into the hottest part of the market (better known as momentum investing). If you take a more conservative approach, you don't make the big bucks. A major part of the year's big gains versus other funds comes in the last few minutes of the last trading day of 1998 as AOL surges following its addition to the S&P 500 Index. But how the team does it is very repetitive and boring, even though they go through a gut-wrenching drop as Russian bond failures collapse the stock market and Long Term Capital has to be rescued by the Fed. That's the "watching the paint dry" part of the story.
This is a very challenging book to review accurately. The book has many fine qualities. Its best feature is that Molly Baker is terrific for finding everyday analogies for explaining basic stock market concepts. The priciness of P/E ratios is compared to women's shoes at different price levels, for example. So, if you know nothing about stocks, this book is actually a better source of explanations through analogies than any other book about investing I have ever read. However, if you know about stocks, her analogies just waste time and bulk up the book.
The day-to-day activities of the investment managers are about as interesting as watching someone do their laundry. They pretty much do the same things, over . . . and over . . . and over.
Rather than a diary-type recitation of many days, this would have been much more interesting if grouped into subject matters. That would have missed the "excitement" of the gains and losses during the year, but I doubt if too many people really care how a bunch of rich investment managers handle the stress of whether they get their three million plus for the year. I never found myself rooting for or against them.
Unless you really want to know a lot about how mutual fund managers manage your money, you will probably not find this book very interesting. And naturally, your own managers probably do it differently.
My firm does interviews with such institutional money managers every day, and we find that these people have many interesting ideas and insights. Somehow, very few of those ideas and insights made it into this book. That's a missed opportunity, for which I graded the book down one star.
On the other hand, if you know nothing about the market, and want to find out how a group of winners did it one time, you will probably love this book. For you, it is a five star book!
No adventures here, only snoozes................2000-07-22
Utterly without context or insights.......2000-06-21
Unfortunately, the author of this book seems to have turned on her tape recorder and left the room for the year, returning only to transcribe her notes. The events in the text unfold utterly bereft of any real context. There is little sense of time or place and often no understanding of why decisions are made. Astonishingly, during a period known as the "Asian meltdown" the word "Asian" is mentioned only in connection with a restaurant! The writing is wooden and full of hollow metaphors. There's no research, no insight, and no reason to read this book.
What the book does accomplish (and this is by no means intentional) is to portray how generally useless fund managers are since 80% of the time they can't beat the market indexes. The book thus makes a great case to invent in index funds, such as those offered by Vanguard, which simply buy the whole index and don't bother churning stocks, spending money on reports, and paying people like the ones described in this turgid, lifeless book.
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High-Flying Adventures in the Stock Market
Molly Baker Manufacturer: NY ProductGroup: Book Binding: Hardcover ASIN: B000MUBE8A |
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Managing Diversity in Public Sector Workforces
Norma M. Riccucci Manufacturer: Westview Press ProductGroup: Book Binding: Paperback Similar Items:
ASIN: 081339838X |
Book Description
As we enter the twenty-first century, America's workforce looks markedly different than it ever has before. Compared with even twenty years ago, more white women, people of color, disabled persons, new and recent immigrants, gays and lesbians, and intergenerational mixes now work in America. The way in which government employers embrace this opportunity of diversity will clearly distinguish effective and efficient organizations from those which are unproductive and unable to meet the demands and necessities of the American people in the new century. This book addresses the demographic changes to the labor force and workplace and the ways in which government employers are managing the imminently diverse populations that now fill public sector jobs. It addresses the specific management strategies and initiatives relied upon by public sector employers as well as the implications of effectively managing variegated workforces for the overall governance of American society.
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Managing Diversity in Public Sector Workforces. (Book Reviews).: An article from: Government Finance Review
Norma M. Riccucci Manufacturer: Government Finance Officers Association ProductGroup: Book Binding: Digital ASIN: B0008G6YOC Release Date: 2005-07-30 |
Book Description
This digital document is an article from Government Finance Review, published by Government Finance Officers Association on February 1, 2003. The length of the article is 621 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.
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Medical Malpractice: Handling Internal Medicine Cases (Medico-Legal Library)
Alvin Lee Block Manufacturer: Aspen Law & Business Publishers ProductGroup: Book Binding: Paperback ASIN: 0471128708 |
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Hubble: 15 Years of Discovery
Lars Lindberg Christensen , and Robert A. Fosbury Manufacturer: Springer ProductGroup: Book Binding: Hardcover Similar Items:
Accessories:
ASIN: 0387285997 |
Book Description
Hubble: 15 Years of Discovery forms a key element of the European Space Agency's 15th anniversary celebration activities for the 1990 launch of the NASA/ESA Hubble Space Telescope.
As an observatory in space, Hubble is one of the most successful scientific projects of all time, both in terms of scientific output and its immediate public appeal.
Hubble continues to have an enormous impact by exploiting a unique scientific niche where no other instruments can compete. It consistently delivers super-sharp images and clean, uncontaminated spectra over the entire near-infrared and ultraviolet regions of the electromagnetic spectrum. This has opened up new scientific territory and resulted in many paradigm-breaking discoveries.
To mark the 15th anniversary on 24 April 2005, the European Space Agency presented a series of unique activities in collaboration with partners all over Europe. This included an exclusive, full-length DVD film (one of the most widely distributed documentary films ever); please see the link to info about the film below:
ttp://www.spacetelescope.org/projects/anniversary/
Customer Reviews:
Hubble review.......2007-06-02
Beautiful imagery from the world's premier astronomical instrument.......2007-05-07
Fantastic voyage.......2007-03-10
Latest Hubble book.......2007-01-08
Fun Picture Book.......2007-01-04
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Hubble: 15 Years of Discovery 2005
Spv Manufacturer: SPV ProductGroup: Book Binding: CD-ROM ASIN: B000WT5RKC |
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The Calcium and the Alkaline Earth Metals (The Periodic Table)
Anita Ganeri Manufacturer: Heinemann Library ProductGroup: Book Binding: Paperback ASIN: 0431169888 |
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Calcium and the Alkaline Earth Metals (The Periodic Table)
Nigel Saunders Manufacturer: Heinemann ProductGroup: Book Binding: Paperback Similar Items:
ASIN: 1403435154 |
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Alkaline earth metals: An entry from Thomson Gale's Gale Encyclopedia of Science, 3rd ed.
Gail B. C. Marsella Manufacturer: Thomson Gale ProductGroup: Book Binding: Digital ASIN: B000M59XHE |
Book Description
The “Gale Encyclopedia of Science” is written at a level somewhere between the introductory sources and the highly technical texts currently available. This six-volume set covers all major areas of science and engineering, as well as mathematics and the medical and health sciences, while providing a comprehensive overview of current scientific knowledge and technology. Alphabetically arranged entries provide a user-friendly format that makes the broad scope of information easy to access and decipher. Entries typically describe scientific concepts, provide overviews of scientific areas and, in some cases, define terms.
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ALKALINE EARTH METALS: An entry from Thomson Gale's Science of Everyday Things
Manufacturer: Thomson Gale ProductGroup: Book Binding: Digital ASIN: B000M59U6I |
Book Description
The four-volume “Science of Everyday Things” set illustrates the importance of scientific and mathematical principles through their use in everyday life. Each volume focuses on a specific scientific discipline — biology, chemistry, earth sciences and physics — offering an in-depth understanding of each discipline and its theories, creating a sense of real-life relevance for students and those not scientifically-inclined, and including interesting facts and details relating to each principle. The fascinating entries offer explanations of concepts using a straightforward, step-by-step approach, and present theories in their everyday applications. Some examples of the entries covered include how osmosis is used in dehydrating fruit; Charles' law and the chemical reaction that sets off an airbag; and how algorithms are used to figure out the NCAA playoff tournaments.
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The effect of alkaline earth fluorides on some oxides of technical importance: A study of phase relations between the fluorides of one of the metals calcium, ... Chemistry including metallurgy series)
Lars H Hillert Manufacturer: exp. (Ingeniorsvetenskapsakademien) ProductGroup: Book Binding: Unknown Binding ASIN: B0006C1KAG |
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El Mito/ the Myth: Su Significado Y Funciones En La Antiguedad Y Otras Culturas
G. S. Kirk Manufacturer: Paidos Iberica Ediciones S a ProductGroup: Book Binding: Paperback ASIN: 8449319285 |
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El mito de Sisifo y su significado en el mundo actual. Los mitos en Latinoamerica: Bolívar, José Martí y Fidel Castro. Desdén y anemia de los mitos nacionales: ... Araucana *.: An article from: Atenea (Chile)
Jaime Valdivieso Manufacturer: Universidad de Concepcion- Atenea ProductGroup: Book Binding: Digital ASIN: B00096T03I Release Date: 2006-07-14 |
Book Description
This digital document is an article from Atenea (Chile), published by Universidad de Concepcion- Atenea on March 22, 2003. The length of the article is 3553 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.
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Mito y Significado
Claude Levi-Strauss Manufacturer: Alianza ProductGroup: Book Binding: Paperback ASIN: 9504000177 |
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Mitos y Ritos de la Navidad: Origen y Significado de las Celebraciones Navidenas
Pepe Rodriguez Manufacturer: Ediciones B ProductGroup: Book Binding: Paperback ASIN: 8440680856 |
Customer Reviews:
Interesante libro sobre los origenes y las tradiciones de navidad.......2007-09-11
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Structural Phase Transitions Data Base: A special issue of the journal Phase Transitions
Manufacturer: Routledge ProductGroup: Book Binding: Paperback ASIN: 2881248675 |
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Songs of the Humpback Whale: A Novel in Five Voices
Jodi Picoult Manufacturer: Washington Square Press ProductGroup: Book Binding: Paperback Similar Items: ASIN: 0743431014 |
Book Description
Sometimes finding your own voiceis a matter of listening to the heart....
Jodi Picoult's powerful novel portrays an emotionally charged marriage that changes course in one explosive moment....For years, Jane Jones has lived in the shadow of her husband, renowned San Diego oceanographer Oliver Jones. But during an escalating argument, Jane turns on him with an alarming volatility. In anger and fear, Jane leaves with their teenage daughter, Rebecca, for a cross-country odyssey charted by letters from her brother Joley, guiding them to his Massachusetts apple farm, where surprising self-discoveries await. Now Oliver, an expert at tracking humpback whales across vast oceans, will search for his wife across a continent -- and find a new way to see the world, his family, and himself: through her eyes.
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Sometimes finding your own voice is a matter of listening to the heart.... Jodi Picoult's powerful novel portrays an emotionally charged marriage that changes course in one explosive moment....For years, Jane Jones has lived in the shadow of her husband, renowned San Diego oceanographer Oliver Jones. But during an escalating argument, Jane turns on him with an alarming volatility. In anger and fear, Jane leaves with their teenage daughter, Rebecca, for a cross-country odyssey charted by letters from her brother Joley, guiding them to his Massachusetts apple farm, where surprising self-discoveries await. Now Oliver, an expert at tracking humpback whales across vast oceans, will search for his wife across a continent -- and find a new way to see the world, his family, and himself: through her eyes.Customer Reviews:
Not so much..........2007-09-28
I simply didn't care.......2007-09-27
Very disappointing.......2007-09-17
A Little Disappointing.......2007-09-01
It was "okay.".......2007-08-27
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Songs Of The Humpback Whale - A Novel In Five Voices
Jodi Picoult Manufacturer: Pocket Books ProductGroup: Book Binding: Paperback ASIN: B000NP8JGO |
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Songs of the Humpback Whale: a Novel in Five Voices
Jodi Picoult Manufacturer: Washington Square Press ProductGroup: Book Binding: Paperback ASIN: B000N74CU4 |
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