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Nevertheless, the book was an easy read and many of his points were right on target. I would also highly recommend interested readers to check out "The Value Imperative" by Marakon Associates and "Valuation" by McKinsey & Co for more information on value based management.
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Both authors start by explaining why investors place short term bets on the Long term future of stocks... Some companies are victim of the expectation treadmill and saw there stockprices decline rapidly as a result (90% of the TMT companies). The good thing about the book starts after this intro which is refreshing but not new. The second part links the number crunching part with interesting frameworks for competitive analysis. The fundamental law of investing might be the uncertainty of the future, but the frameworks at least will give you the tools in trying to be a visionair. because being a visionair is the only way you can beat the index. An investor does not only need to find good companies. He/she also needs to know the expectations already embedded in the stock price. The third part gives a couple of examples when these expectations might change and how to react (buy or sell). This book will be the start of a standard type of analysis in the next decade. I will try to start in the Netherlands...
Mr. Mauboussin and Mr. Rappaport give investors the right tools to make careful and informed investing decisions. The authors suggest that the market prices "expectations" into a stock and a good investor needs to strip this from the analysis and find the true intrinsic value of a security. The is accomplished by various financial analysis tools presented in the book and also by a fundamental shift in investor thinking and perception.
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Beyond the day-to-day action, the most interesting facet of this book is a revelation of the immense strategic effect British air power played in the contest. The embarked air wing sealed off the Argentine garrison, repeatedly drove Argentian aircraft away from support of their own troops, devised tactics to defeat numerically superior forces in spite of very limited resources, controlled the air, and confounded a tottering Argentine military establishment.
The British Navy payed heavily for the Falklands War, the army fought and won a decisive victory, the air arm triumphed.
Facts such as why the air wing guaranteed the Paras win at Goose Greene, and why the bombing raid on the Port Stanley airfield (much derided) produced an unforseen and brilliant strategic succes shed important light on the British triumph.
A must read for those interested in the strategy and tactics of air war.
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The book under discussion here is part of a spin-off series, bringing more material and also bringing aircraft of the same nation and function together in a nice hardcover format of about the same size as the present Sqadron/Signal 'In Action' series, which is slowly getting to reaching the 200 mark itself.
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volume III from the same author. It coveres the US electronic warfare history since early 1960s till 2000. This is not a thick book and with more than 20 chapters, so you could image each chapter only takes some pages.
This is not a book full with math, equations and theories. If you are looking for detail data and information of the EW systems in the past 40 years,this is not a book for you.
If you have no idea of those math, equations and theories but you like to know the history of the EW in the past 40 years, especailly during the clod war, with contents not boring, you find a good book to read.
I stopped reading other books and magazines and spent almost three weeks to finish this book. I already had some background reading of modern combat, missile systems and electronic warfare, but I have to say this book really opened my eyes to more interesting history and information of electronic warfare.
The author covers not only the conflicts in the past where EW equipment made things differently, he also covers development of theories and equipment parallel to the cold war and conflicts. You also could find not only how to fight radar system, also how to intercept radio or telementry transmission and find usful information. I believe this book could help readers to understand electronic warfare is not just fighting radar, it's a lot more.
My conclusion : if you alreadt have The History of US Electronic Warfare, then you don;t need this book since that one covers more details. If you don't have that one or you don't need too much details but just some fun, this is the book you would like to consider.