The Decline and Fall of IBM: End of an American Icon?
by Robert X. Cringely · 1 Jun 2014 · 232pp · 71,024 words
Meckling created the very problem they purported to solve—a problem that really hadn’t existed in the first place. Maximizing shareholder return dropped the compounded rate of return on the S&P 500 from 7.5 percent annually from 1933-76, to 6.5 percent annually from 1977 to today. That one percent
Beat the Market
by Edward Thorp · 15 Oct 1967
a constant percentage increase, compounded annually. The greater the slope of the line, the greater the compound rate of increase. Since we are interested in compound rate of return, a *This is the arithmetic average. For investors interested mainly in long-term growth, the equivalent annual compounding rate, which is 26% before taxes, is
Trade Your Way to Financial Freedom
by van K. Tharp · 1 Jan 1998
the academic definitions of the terms. By risk he means the annualized standard deviation of the equity changes, and by reward he means the annualized compounded rate of return. He suggests that when two systems have the same returns, the rational investor will choose the system with the lower risk. Kaufman also brings up
Lying for Money: How Fraud Makes the World Go Round
by Daniel Davies · 14 Jul 2018 · 294pp · 89,406 words
all. But while the fraud is going, it has to be growing; the returns and repayments you owe to other people are growing at a compound rate of return, so you have to commit ever-increasing amounts of new fraud to stand still. This snowball property is the main challenge in managing an ongoing
Trading and Exchanges: Market Microstructure for Practitioners
by Larry Harris · 2 Jan 2003 · 1,164pp · 309,327 words
and distributions. The most common approach is to compute the internal rate of return for the portfolio. The internal rate of return (IRR) is the compounded rate of return that a savings account would have to earn to exactly replicate the capital flows into and out of the portfolio. The IRR calculation assumes that
The Simple Path to Wealth: Your Road Map to Financial Independence and a Rich, Free Life
by J L Collins · 17 Jun 2016 · 194pp · 59,336 words
returned 4%. The professor responds: “Think about how that person earned 4%. He lost 30%, saw a big bounce back, and so on, and the compound rate of return….was 4%. But most investors did not wait for the dust to settle. After the first 25% loss, they probably reduced their holdings, and only
The Behavioral Investor
by Daniel Crosby · 15 Feb 2018 · 249pp · 77,342 words
/E) ratios, he found that the cheapest decile of stocks with respect to P/E ratios turned $10,000 into $10,202,345 for a compound rate of return of 16.25% per year. Compare that to the index return of 11.22% that would have turned that same $10,000 into a mere
Monte Carlo Simulation and Finance
by Don L. McLeish · 1 Apr 2005
substantial probability is at the lower barrier. We interested in the estimate of return from the two portfolios, and a preliminary estimate indicates a continuously compounded rate of return from portfolio 1 of R1 = ln(56.625/40) = 35% and from portfolio two of R2 = ln(56.25/40) = 34%. Is this difference significant
Toward Rational Exuberance: The Evolution of the Modern Stock Market
by B. Mark Smith · 1 Jan 2001 · 403pp · 119,206 words
investor who bought the Dow Industrial stocks at the “overpriced” high of 734.51 in December 1961 would, over the next four years, achieve a compounded rate of return (including dividends) of approximately 11%, roughly the historic average rate of return for stocks over the century. Had he simply ignored the unpleasant volatility of
The 5 Types of Wealth: A Transformative Guide to Design Your Dream Life
by Sahil Bloom · 4 Feb 2025 · 363pp · 94,341 words
prior to making investments. Asset 1: Stocks Stocks are an easily accessible asset class that represents ownership in underlying businesses. Historically, they have high average compounded rates of return (8 to 10 percent), they are easy to trade, and they require little to no maintenance. They also have significant volatility and may experience material
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borrower; U.S. Treasury bonds are considered extremely low risk due to the government’s ability to print money. They have a lower historical average compounded rate of return (2 to 4 percent), but typically offer a consistent income stream (from payments by the borrower) and tend to rise when stocks fall. Pros: Low
Mathematics for Economics and Finance
by Michael Harrison and Patrick Waldron · 19 Apr 2011 · 153pp · 12,501 words
The Outsiders: Eight Unconventional CEOs and Their Radically Rational Blueprint for Success
by William Thorndike · 14 Sep 2012 · 330pp · 59,335 words
Money Changes Everything: How Finance Made Civilization Possible
by William N. Goetzmann · 11 Apr 2016 · 695pp · 194,693 words
Evidence-Based Technical Analysis: Applying the Scientific Method and Statistical Inference to Trading Signals
by David Aronson · 1 Nov 2006
The Sovereign Individual: How to Survive and Thrive During the Collapse of the Welfare State
by James Dale Davidson and William Rees-Mogg · 3 Feb 1997 · 582pp · 160,693 words
Investing Demystified: How to Invest Without Speculation and Sleepless Nights
by Lars Kroijer · 5 Sep 2013 · 300pp · 77,787 words
The Essays of Warren Buffett: Lessons for Corporate America
by Warren E. Buffett and Lawrence A. Cunningham · 2 Jan 1997 · 219pp · 15,438 words
The Simple Living Guide
by Janet Luhrs · 1 Apr 2014
The Investment Checklist: The Art of In-Depth Research
by Michael Shearn · 8 Nov 2011 · 400pp · 124,678 words
Quantitative Trading: How to Build Your Own Algorithmic Trading Business
by Ernie Chan · 17 Nov 2008
The Simple Path to Wealth (Revised & Expanded 2025 Edition): Your Road Map to Financial Independence and a Rich, Free Life
by JL Collins · 191pp · 66,998 words
The Unusual Billionaires
by Saurabh Mukherjea · 16 Aug 2016
Analysis of Financial Time Series
by Ruey S. Tsay · 14 Oct 2001
Commodity Trading Advisors: Risk, Performance Analysis, and Selection
by Greg N. Gregoriou, Vassilios Karavas, François-Serge Lhabitant and Fabrice Douglas Rouah · 23 Sep 2004
Stocks for the Long Run, 4th Edition: The Definitive Guide to Financial Market Returns & Long Term Investment Strategies
by Jeremy J. Siegel · 18 Dec 2007
Derivatives Markets
by David Goldenberg · 2 Mar 2016 · 819pp · 181,185 words
A Random Walk Down Wall Street: The Time-Tested Strategy for Successful Investing (Eleventh Edition)
by Burton G. Malkiel · 5 Jan 2015 · 482pp · 121,672 words
Quantitative Value: A Practitioner's Guide to Automating Intelligent Investment and Eliminating Behavioral Errors
by Wesley R. Gray and Tobias E. Carlisle · 29 Nov 2012 · 263pp · 75,455 words
Stocks for the Long Run 5/E: the Definitive Guide to Financial Market Returns & Long-Term Investment Strategies
by Jeremy Siegel · 7 Jan 2014 · 517pp · 139,477 words
Valuation: Measuring and Managing the Value of Companies
by Tim Koller, McKinsey, Company Inc., Marc Goedhart, David Wessels, Barbara Schwimmer and Franziska Manoury · 16 Aug 2015 · 892pp · 91,000 words
In Pursuit of the Perfect Portfolio: The Stories, Voices, and Key Insights of the Pioneers Who Shaped the Way We Invest
by Andrew W. Lo and Stephen R. Foerster · 16 Aug 2021 · 542pp · 145,022 words
A Random Walk Down Wall Street: The Time-Tested Strategy for Successful Investing
by Burton G. Malkiel · 10 Jan 2011 · 416pp · 118,592 words
Principles of Corporate Finance
by Richard A. Brealey, Stewart C. Myers and Franklin Allen · 15 Feb 2014