The Psychology of Money: An Investment Manager's Guide to Beating the Market (Wiley Finance)

Book Description

Discover the Ideal Investment Strategy for Yourself and Your Clients

"To enhance investment results and boost creativity, Jim Ware replaces the maxim know your investments with know yourself. And he gives us specific testing tools to do the job."-Dean LeBaron, Founder, Batterymarch Financial Management, Chairman, Virtualquest.company, and investment author and commentator

"Many investment firms fail, even though they are run by intelligent, qualified professionals, because they lack creativity. This book can rescue you. Jim Ware explains how to organize your business to encourage creative thinking. In five years, your customers will be working with an advisor who read this book, so make sure you are the one who did."-Ralph Wanger, President, Acorn Investment Trust, CFA and author of A Zebra in Lion Country: Ralph Wanger's Guide to Investment Survival

"Jim Ware has a great knack for understanding people and successful investing. This unusual combination of skills creates a rare find: useful insights to improve investment performance through helping people work together better. Jim's wit and humor make this a fun read as well!"-Dee Even, Senior Investment Officer, Allstate Insurance Company, Property & Casualty

"The Psychology of Money represents a major step toward development of a portfolio theory that recognizes human dynamics and differences among people. Jim's content is solid, and his presentation is engaging. This book ought to be on every practitioner's bookshelf."-Kenneth O. Doyle, University of Minnesota, Author, The Social Meanings of Money and Property: In Search of a Talisman

"Finally, an insightful look at the human side of investing. A step-by-step guide to enhancing management performance to increase returns."- Abbie Smith, PhD, Professor of Accounting.University of Chicago Business School

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This book uses the Myers-Briggs Typology, a psychological test based on Jungian theory, to explain the basic investment "personality types." Professional will not only learn what their own style is, but will learn the value of creative collaboration among various "personality types" to earn the highest returns for their firm

Customer Reviews:

Fluffer Nutter Wisdom - Lacks Practical Advice.......2002-07-02

This book does not stand out in any fashion other than as a forum for the author to show off his anecdotal tales of philosophy and finance.

I found nothing concrete to implement for my investment style. And the exercises to expand my "mental boundries" for unique thinking, seemed like rehashed, rhetorical self-help.

There was little correlation between the title and the content; again reminding us that one should not judge a book by it's cover.

Interesting mix of psychology and investing.......2002-01-02

As a die hard Index fund fan, I would disagree with the author's book title that it is possible to beat the Index year after year. However, the author's unusual mix of Myers-Brigg people type categorization plus investing was an interesting read. I gained the most from this book from the author's thoughts and stories about the creative thinking process more than anything else. Enjoyable book to read, but not sure his techniques can be practically applied by an investor.

Not very useful.......2001-05-02

After reading Mr. Ware's book, I found his writing style to be witty and concise. However, his book is not at all practical or useful as an investment guide. As a professional money manager, I didn't think that the book had good enough concepts in it to warrant "Beating the Market". Definitely not in the same class as, say, Warren Buffett's annual reports and his letters to the shareholders of Berkshire Hathaway.

I seriously doubt that applying the concepts in this book will be helpful in "beating the market", especially the S&P 500 index, which has consistently beaten approximately 80% of all actively-managed mutual funds.

This book makes a nice attempt at relating psychology to finance but falls short, in my opinion, by falling back into common sense generalities that should already be known, without having to read this book, by those hoping to profit in the markets.

Managing money? This one will help you by ..........2001-04-30

... making you aware of your own/your clients' biases and giving you practical tools to defuse them. Specifically, by way of example, money managers (I am one) will learn to:

- recognize their own typical behavior, or that of colleagues or clients, as belonging to one of several psychological types ... - thereby stopping short of saying/doing stupid things and also circumventing problems at the workplace; - identify actions that will boost behavior that you or your firm seem to lack: creativity, focus, a will to use analytical skills, etc; - identify industry mantras ("team approach", etc) for what they are or identify actions that transform a mantra into action

Overall, I agree with the other reviewers that this book is a surprise, a very positive one. Basically it convinced me that every money manager should have, packed with his/her baggage of technical skills and intelligence (standard and "emotional"), also some psychological training. This book goes some way towards such education.

I am uncomfortable with a couple of Ware's ideas, particularly the "listen to intuition" advice towards the end of the book. As an "owl" I would be inclined to say this, but basically I met too many fakers who would justify rash investment moves only on intuition and long-running experience, lose money or fail to recognize the moment to take profit, and never talk about it afterwards. Intuition may come before analysis, but if it cannot be supported by reasoning I don't see that it should be followed; as a matter of practice you won't be able to anyway, because first you have to sell it to clients, team members, or bosses, and you won't.

But stars measure how good is the book, not how much I agree with it, and this one is great. I'm serious, buy it. Even more so if you don't believe in the psych stuff: do violence unto yourself, buy it now and read it, you'll need it more than others do.

It's not just for investment managers.......2001-02-17

I know Jim Ware, and he knows I love to read. So when his book was published he offered to send a copy. Sitting next to me was a large pile of "to-be-read" books, so I was certain a book for investment managers would reside near the bottom for a long while. That was then...

Shortly after it arrived, knowing that reading diverse topics offers insights not available if I stick to the familiar and friendly, I began to read. What a shock (no offense Jim). This is a wonderful book! Even before I was finished, I found myself referring to it in a conversation about different methodologies for strategic planning...totally unrelated to investments. By using Myers-Briggs Typology, Jim gave me a renewed sense for how I can be more successful when I approach others based on what makes them comfortable, rather than from my own comfort zone.

Jim obviously shares my interest in synthesizing diverse subject areas. He, quite naturally I thought, shows how wisdom from quantum physics, large scale change, eastern thought, creativity and-god help those analytical investment types-spirituality can lead to new ways of thinking within any profession. Jim offers a wonderful synthesis for anyone who wants to see the world from several leading-edge vantage points.

And, I loved Jim sense of humor. Near the end, he implies that many investment managers take the "fun" out of fund. I began to wonder if fund is the past tense of fun? Thank you Jim for this enjoyable journey.

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The Psychology of Money: an Investment Manager's Guide to Beating the Market
Jim Ware
Manufacturer: Wiley
ProductGroup: Book
Binding: Hardcover
ASIN: B000LZEGF4

Book Description

Although no one disputes that employment relations worldwide have been greatly affected by globalisation, no clear consensus has emerged on the nature and significance of this impact. The seven contributions to this symposium pursue a comparative approach, suggesting that direct analysis of employment relations in distinct industries in two comparably-sized economies since the advent of globalisation leads to a more precise understanding of the interaction of globalisation and employment relations, and sets a pattern for other studies to follow. The economies studied in the symposium are Australia and Korea, and the industries are automobile (and auto parts) manufacturing and retail banking. In both countries, labour unions play a key role in the way in which employers and governments react to political and economic pressures. Among the particular topics discussed by the contributors are the following: + effects of the 1997 financial crisis in Korea; + the extent to which the automobile industry in one country (Korea) depends on parts and raw material from another country (Australia); + cross-border cooperation between unions; + the growing trend toward enterprise bargaining; + conciliation and arbitration of industrial disputes; and + the role of government-sponsored industrial relations commissions. The contributing authors are all industrial relations authorities in Australia or Korea. The in-depth analysis they offer in these very specific areas will be of value to labour lawyers and industrial relations scholars everywhere for the light it sheds on this crucial aspect of contemporary social and economic development.

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Let Them Live: A Worldwide Survey of Animals Threatened With Extinction
Kai Curry-Lindahl
Manufacturer: William Morrow
ProductGroup: Book
Binding: Hardcover

Wildlife | Conservation | Outdoors & Nature | Subjects | Books
ASIN: 0688000460

Book Description

This monograph is the last volume in the series 'Acoustic and Elastic
Wave Fields in Geophysics'. The previous two volumes published by Elsevier (2000, 2002) dealt mostly with wave propagation in liquid media.

The third volume is dedicated to propagation of plane, spherical and cylindrical elastic waves in different media including isotropic and transversely isotropic solids, liquid-solid models, and media with cylindrical inclusions (boreholes).

* Prevalence of physical reasoning on formal mathematical derivations
* Readers do not need to have a strong background in mathematics and mathematical physics
* Detailed analysis of wave phenomena in various types of elastic and liquid-elastic media

Book Description

Particle and nuclear physicists frequently take results from Lattice QCD at their face value without probing into their reliability or sophistication. This attitude usually stems from a lack of knowledge of the field. The aim of the present volume is to rectify this by introducing in an elementary way several topics, which we believe are appropriate for, and of possible interest to, both particle and nuclear physicists who are non-experts in the field.

Book Description

What is the deadliest mammal in America? Mountain Lion? Grizzly Bear? Nope, it's Bambi. That's right, in the U.S. deer-auto collisions kill an average of 130 human each year.

Customer Reviews:

Deadly, serious, gripping.......2004-11-12

Spellbinding, like a good episode of Mannix!
There are now places I won't drive, things I won't eat and
bugs I will avoid like....well, like death!

"Deadly" Full of Life.......2004-11-02

Scott and Engelman have created the perfect read for the pessimist/hypochondriac/trivia buff in all of us. Fascinating facts. Interesting stories. With humor throughout. Who would've thought that reading about dying could be so enjoyable? The only problem is, you'll want to renew your life insurance policy after reading the book.

This book is going to make a great stocking stuffer for the in-laws.

An exciting read.......2004-10-19

Phil Scott's "Deadly: The World's Most Dangerous Everything" truly is an exciting journey into the world of deadly; from things that you do, to things that you don't do because you know better... well, most of us, anyway! Phil Scott's writing style is unparalleled--he highlights the deadliest things in the world, from activities to animals, and his style brings you so intimately close with danger that you feel as though you are the person risking his or her life. Afraid to fly? Bring this book on your next flight, and as long as you keep your eyes at least 12 inches away from the pages of this veritable compendium of peril, you'll be safe-you'll see that the skies really are friendly because you're 40,000 feet above the horrible things that can go wrong on the ground. But bring your Valium just incase: This heart-racing book of terror promises to raise your pulse!

Mortal / Deadly: Sabes Como Te Vas a Morir?/The World's Most Dangerous Everything (Literatura Juvenil / Juvenile Literature)

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Mortal / Deadly: Sabes Como Te Vas a Morir?/The World's Most Dangerous Everything (Literatura Juvenil / Juvenile Literature)
Phil Scott , and Peter Engelman
Manufacturer: Selector
ProductGroup: Book
Binding: Paperback

Mystery & Wonders | Science, Nature & How It Works | Children's Books | Subjects | Books

Curiosities & Wonders | Fun Facts | Reference | Subjects | Books

Spanish | Foreign Language Nonfiction | Nonfiction | Subjects | Books

General | Infantil y juvenil | Libros en español | Formats | Books

No ficción | Infantil y juvenil | Libros en español | Formats | Books

Book Description

Mycenaean society was constantly geared for battle and invasion. Their ‘cities’ were heavy fortresses with unimaginably thick perimeter walls. Legendary sites such as Mycenae, Tiryns, Argos, Krisa, the Athenian Acropolis and Gla are all representative of their fortified citadels that dominated the Greek countryside for some 300 years until their sudden decline and abandonment around 1100 BC. This title describes the golden age of these fortifications; it details how these formidable structures were constructed and extended, as well as revealing the elaborate palace complexes built by the great Mycenaean warlords immortalised in the verses of Homer’s Iliad.

Customer Reviews:

A window on to Ancient Greece.......2005-10-20

"Mycenaean Citadels, c.1350-1200BC" is an excellent companion to "Troy, c.1700-1250 BC", also written by Nic Fields and illustrated by Donato Spedaliere, also published by Osprey as part of their "Fortress" series of books. Besides surveying the citadels built by the Mycenaeans, it also serves as a good general introduction to the Mycenaean world, although of course the focus is primarily on military matters. This slim volume is well illustrated with photographs of modern ruins and detailed paintings of what the citadels and palace complexes looked like 3300 years ago.

A good, short overview.......2004-12-23

This is a short, 60-page book that offers great information with original artwork. There are many reconstructions in this book of how the palaces probably looked back then. I didn't give it 5 stars because I wish they had moe reconstructions of how the palaces looked inside the rooms. They focused mainly on the outside. I also didn't give it 5 stars becuase some of the sections are very short and rather vague, leaving me wondering what exactly the author meant. For example, they devote a section to talking about how expensive it was to maintain horses, ending the section with "To find the two-horsed war chariot depicted in Mycenean art need occasion no surprise." I am left wondering why. Becuase they were so expensive, it's no wonder they're made a big deal of in art? It just seems like it could have been better explained.

The information seems accurate, in accordance with other books I've read. There is also information on the armour, along with some pictures. On the whole, a good, short source of additional information with helpful reconstructions that show people in ancient dress walking about.

Reconstructions include:
Lion Gate
Mycenae
The Secret Cistern of Mycenae
Tiryns - the entire palace
Tiryns - section of the palace
Gla
Pylos - section of palace

Fortress 22 - Mycenaean Citadels C. 1350 - 1200 BC

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Fortress 22 - Mycenaean Citadels C. 1350 - 1200 BC
Nic Fields
Manufacturer: Osprey Publishing, Limited
ProductGroup: Book
Binding: Paperback
ASIN: B000TZ6JP6

Book Description

To talk about "political style" is to acknowledge a dynamic and somewhat improvisational approach to politics; it is to acknowledge the need to work within the limits presented by tradition, resources, and social context. To speak of "political style" in relation to a particular ethnic group is to recognize their agency in shaping their history.

In Nisei/Sansei: Shifting Japanese American Identities and Politics, Jere Takahashi challenges studies that describe the Japanese American community's essentially linear process toward assimilation into U.S. society. As he develops a complex and nuanced account of Japanese American life, he shows that a diversity of opinion and debate about effective political strategy characterized each generation of Japanese Americans. As he investigates the ways in which each generation attempted to advance its interests and concerns, he uncovers the struggles over key issues and introduces the community activists whose voices have been muffled by assimilation narratives.

Takahashi's approach to political style includes the ways that Japanese Americans mustered and managed political resources, but also encompasses their on-going efforts at self-definition. His focus, then, is on personal and social action; on individual activists, power, and ideological shifts within the community, and generational change. In telling the story of the community's complex and dynamic relationship to the larger society, he highlights individuals who contributed to the struggles and debates that paved the way for the emergence of a distinct Japanese American identity.

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Nisei / Sansei: Shifting Japanese American Identities and Politics.
Jere Takahashi
Manufacturer: Takahashi, Jere. Nisei / Sansei: Shifting Japanese American Identities and Politics. (Asian American History and Culture.) Temple University Press, 1997. Quality paperback. 261pp. Very good+, text clean, tight and bright condition.
ProductGroup: Book
Binding: Paperback
ASIN: B000TAFAO2

Book Description

A unified and systematic treatment of the main results and techniques of relativistic fluid dynamics with an emphasis on waves and shock waves. The first four chapters provide an introduction to the fundamental principles of relativistic fluid dynamics and magneto-fluids. The remaining chapters present specific topics, including non-linear electromagnetic waves in relativistic cold plasmas, relativistic asymptotic waves, and relativistic shock waves. Examples of the applications of the theory to plasma physics, nuclear physics and astrophysics are presented.

Book Description

During the last century, the conservation of wildlife and the need to increase the production of animal agriculture, particularly in developing countries, have been in conflict at times, yet both have clear financial, biological, social, and even spiritual value for society. This volume addresses the problems of disease in both wildlife and domestic animals and the transmission of disease between the two populations. It examines ways in which we can conserve and manage animals in both sectors for optimal health and production, while preserving ecological communities. Diseases as diverse as tuberculosis, foot and mouth, and rinderpest are discussed. Global disease surveillance, the transmission of diseases between animals and people, and human dependence on healthy livestock and wildlife are also emphasized.

Table of Contents:Part I. The Importance of Disease in Wildlife and Domestic Livestock and the Relationship to Issues of Conservation and SustainabilityPart II. Approaches to Disease Control. A. Diagnostics: VirusesPart II. Approaches to Disease Control. A. Diagnostics: BacteriaPart II. Approaches to Disease Control. A. Diagnostics: ProtozoaPart II. Approaches to Disease Control. B. Vaccines, Immunology, and Genomics: VirusesPart II. Approaches to Disease Control. B. Vaccines, Immunology, and Genomics: BacteriaPart II. Approaches to Disease Control. B. Vaccines, Immunology, and Genomics: ProtozoaPart II. Approaches to Disease Control. B. Vaccines, Immunology, and Genomics: ArthropodsPart II. Approaches to Disease Control. C. Epidemiology, Surveillance, and Disease Management: VirusesPart II. Approaches to Disease Control. C. Epidemiology, Surveillance, and Disease Management: BacteriaPart II. Approaches to Disease Control. C. Epidemiology, Surveillance, and Disease Management: ProtozoaPart II. Approaches to Disease Control. C. Epidemiology, Surveillance, and Disease Management: Arthropod VectorsPart III. General

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