Friday, October 12, 2007

Professors' Recommended Reading List 4

Prof. Nugent


The Age of Turbulence: Adventure
s in a New World by Alan Greenspan



Greenspan's political memoir, which occupies the first half of the book, is readable, lucid and sometimes a bit thin on the dilemmas of monetary policy. In the book's second half, Greenspan the charmer makes way for Greenspan the technician, and the result is a 250-page essay on globalization. His overviews of Russia, India and China say little that is not familiar to attentive readers of the news. But the last chapter makes a powerful and remarkably self-deprecating point. Readers who persevere will feel rewarded.

Blue Blood and Mutiny: The Fight for the Soul of Morgan Stanley


The inside story of the power struggle that rocked Wall Street’s most prestigious financial institution
What began with a shot over the bow ended in a shocking coup d’etat. In less than four months a group of eight retired executives orchestrated a stunning revolt within Morgan Stanley, the venerable and—until recently—most successful financial services firm on Wall Street. Now acclaimed journalist and historian Patricia Beard brings together the entire behind-the-scenes story in Blue Blood and Mutiny, a real-life business thriller exposing the tale that shook high finance.


Warren Buffett Speaks: Wit and Wisdom from the World’s Greatest Investor


This collection of aphorisms and anecdotes reveals Warren Buffett in his own words. Drawn from articles, speeches and new original material, Warren Buffett Speaks is the only book to capture Buffett's own voice. Readers will laugh and learn from the down-to-earth millionaire's business smarts and unique sense of humor. A tribute to Buffett's all-American personality and extraordinary business success, this witty and wise ensemble covers everything from friends and family to business and investing.

Stop the 401(k) Rip-off: Eliminate Costly Hidden Fees to Improve Your Life



-- How would you spend an extra $4,000 a year for the next twenty-five years?

-- How much more secure would your retirement be with an extra $100,000 or more?

-- How much more time could you spend at your family dinner table if you could work an hour less each day?

-- What would you do in retirement if you could retire three years earlier?

Your 401(k) plan is probably one of your most important future sources of financial security. This book makes it easy for you to take the five steps needed to add more than $100,000 to your retirement nest egg without taking more risk or saving more money. This can allow you to improve your lifestyle, increase your benefits, identify the hidden costs and also improve your standing within your company by proactively helping your employer to take needed action.


The Lies about Money: Achieving Financial Security and True Wealth by Avoiding the Lies Others Tell Us—and the Lies We Tell Ourselves



Exposing the seamy underbelly of the retail mutual fund industry, this helpful primer by seasoned financial advisor Edelman offers step-by-step instructions for how to beat it at its own game. We have more to worry about than the ordinary fallibility of mutual fund managers, he explains; the entire industry has become flush with liars, crooks, and charlatans. Writing in a calm, well-reasoned manner, Edelman (Ordinary People, Extraordinary Wealth) explores basic concepts of portfolio management and retirement, and college and elder-care savings approaches. The book gets off to a slow start as Edelman works to ensure that less sophisticated readers are not passed by. After a sobering look at deceptive marketing practices, illegal market timing, late trading and excessive and hidden fees in the retail mutual fund sector, Edelman breaks down the options for ordinary people to regain their savings from crooked hands, in a detailed, interactive guide to portfolio selection. Edelman's clear writing and helpful advice are sure to win him a satisfied audience.


The Secrets of Economic Indicators: Hidden Clues to Future Economic Trends and Investment Opportunities


Every day, stocks, bonds and currencies bounce around wildly in response to economic indicators like these. They' re monitored obsessively by the world' s leading money managers. Why? Because they provide crucial, subtle clues about the future of the market and of individual investments. Now readers can profit from these indicators just like the professionals do. They don' t need an economics degree, or a CPA, just this easy-to-read book. In plain English, renowned economic journalist Bernard Baumohl helps readers find the numbers, understand their deepest meanings, and use that knowledge to make fast, smart investment decisions. For each key indicator, Baumohl presents a sample release, insider' s information on the indicator' s track record, and step-by-step instructions for decoding it. Baumohl covers both US indicators and the foreign indicators that are becoming increasingly important to investors. He answers key questions like: Which indicators are most likely to affect my personal investments or business? How does each indicator affect interest rates and bond prices? Stock prices? The value of the dollar? And what can these reports tell me where the economy' s really heading?

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