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For years, we have been deluged with repetitive texts on how to become a millionaire like your neighbor. Isn't it better to have a manual on how to emulate the titans? There's an old saying in the school yard that if you are going to cheat on an exam, copy off the person who gets the A+, not the C students. Nikki Ross' book has been sorely needed and will prove just as pertinent today as it will in 20 years -- when the memories of these legends grow more faint.
What I liked most about Nikki's work is its translation value -- her ability to condense the lingering, sometimes philosophical synapses of these great men into lingo that lay investors can use practically. She avoids the temptation of delving at length into their biographies (which are rich enough and worthy of a sequel) and instead presents us with step-by-step instructions (almost as if she was taking dictation from Fisher and Buffett themselves).
A savvy stock-picker will quickly pick out the common threads that run throughout the book. All of these titans boiled down investing to a few core principles:
1) They view stocks as pieces of businesses and put all their efforts into determining the value of their prospective purchases. 2) They focus on price but understand that the real value of an investment is procured over time as the company grows. 3) They shun convention and believe today's dissertations on portfolio modeling are recipes for mediocrity. 4) They don't give a hoot about day-to-day fluctuations in the stock market. 5) They are all humble men who delighted in increasing clients' net worth just for the sake of proving it was possible.
It helps that Ms. Ross is a certified financial planner and a columnist. Her experience in giving real-world advice to individual investors lent itself to an easy-to-read, well planned book that any investor -- sophisticated or otherwise -- can use to their advantage. This book successfully bridges the gap between stock-picking and financial planning without coming off as self-serving, as many financial planning books are.
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The first step is gathering the information. She shows where the information can be gathered using Internet resources (over twenty-five are listed), SEC reports, annual reports, magazines, and newspapers.
The second step is the evaluation process. Here she brings to life some of the insightful questions applied by Warren Buffett, Benjamin Graham, Phil Fisher, T.Rowe Price, and John Templeton. The quantitative aspects of the evaluation are addressed (such as the company's sales, profit margins, and earnings). In addition the qualitative aspects (the company management's abilities, products and policies, market position, and company life cycle) become part of the investigation that leads to the third step, making a decision. In reading Nikki Ross' "Lessons from the Legends of Wall Street" I found questions of these legends most valuable and applicable in the evaluation of my own portfolio.
The third step, making the decision, requires that the investment meet a personal set of criteria before making a purchase. This also would be applied when making the decision to hold or sell the investment.
Nikki Ross presents these same strategies of the legends (that are used even today by mutual fund managers, money managers, and investment counselors) in an useable format that can be applied by the reader. In comparison to some other investment type books, this one cuts through the complex theory and offers common sense strategies for investing.
This interesting book is well written and timely. I would recommend this book for reading to help develop a solid investment strategy.
Philip Boudreaux, MBA
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Care was taken to avoid over-sentimentality, in this assortment of loving reflections of dogs, celebrated here. These accounts are full of love, and are sometimes even funny - and we are thrust into the realization that perhaps that is the most wonderful kind of living memorials we can have for a beloved pet. Too often, we lose this perspective, while trying to keep from drowning in our own bereavement and sorrows.
Rather than being a collection of sad literary memorials Old Dogs Remembered is a joyful celebration of life with pets. This inspires healthy new points of view and adjustments to moving on into our new lives, without them.
Here we are treated to many different outlooks on how they permanently enriched the lives of their owners. Reading these heartwarming pages will broaden the understanding of each reader, concerning his/her own personal bereavement. Here, we are offered the collective wisdom of others, who reminisce on their honored pets. There is much to be shared and learned here, as well as enjoyed.
With so many different authors, one must appreciate that references and styles have changed drastically, through the ages. As an example of this, some might find the essay by the dramatist John Galsworthy to be interesting, but a bit troublesome to read. And, as with any anthology, there may be some accounts not everyone would appreciate. But all pet lovers will readily identify with the overall shared remembrances, here. This is a heartwarming collection, which can be enjoyed comfortably, in several installments.
There will be many an uplifting tear shed in its reading, and we suggest it for your reading pleasure.
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To say that the volume is timely is to state the obvious. What makes it invaluable is that the collection of essays attempts to historicize and bring to light the manner in which political contexts cannot be separated from what pass for rhetorical common-sense. Terms like "terrorism," "vital interests," and "fundamentalism" do not emerge in a vacuum. Understanding their meaning involves a closer look at the political context and the struggles within which they emerge. Collins and Glover have done a remarkable job of putting together a collection that does precisely that. Bypassing academic jargon, the authors have succeeded in making complex arguments accessible to a wide array of people. Collins' essay on "Terrorism" for instance, carefully takes the reader through the historical evolution of the term and the various meanings that have been associated with it during the three decades that it has been critical to US foreign policy. The essays on the concepts of Laura J. Riediehs) and "Civilization versus Barbarianism" (Marina A. Llorente) carefully delineate the manner in which concepts that are supposed to be universal and abstract, with meanings that supposedly make sense to one and all, are constructed in the context of political struggles. I could carefully go through each essay in the collection, but that might involved getting repetitive about what makes this collection so important. To put it in a nutshell, each essay in the volume is an excellent example of what political committed scholarship ought to look like. We live in a world where it is has become urgent for us to understand the dynamic and politically charged nature of the terms that are being used to construct a new world order. Collateral Language is a critical tool that needs to be used in this endeavor. The editing of the volume and its general tenor also make it a great text-book for any undergraduate course or high-school course- be it in Political Science, History or Cultural Studies. This book is a great and necessary read for anyone interested in contemporary politics.
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how to make your own, but how to recognise it, and how to avoid being taken in by it. In wartime we are perhaps as much in danger of propaganda and manipulation of information from our own governments, as from any other government. George Orwell wrote on how language is manipulated, in 1984 and Animal Farm. Less well known is Thouless "Clear thinking in wartime", with sections on such old favourites as propaganda speeches, and atrocity stories. Thouless' aim was to de-bunk the persuasive-sounding words, and get the reader asking how much hard fact lay behind them. Often, not much.
This new book, edited by Collins and Glover, should make interesting reading. As the generation who remember WWII are dying out, we are losing our knowledge on how to defend ourselves against propaganda. This leaves each citizen at the mercy of an enemy, and also at the mercy of their own govenment. All the war-mongers need to do is roll out a few old tricks, and people will fall for them, just like they did 60 years ago. We badly need books like this one, to help us think clearly in the coming months.
Some will doubtless say books like these are "un-patriotic", or "damage the war effort" or "put our troops in danger" . All that will show is that the propagandists have already started - such words make reading books like these more essential, not less.
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Ross also presents a well balanced approach, free from the ineffective gimmicks and "quick fixes" so commonly heralded in many training books today. You wont find "purely positive" nor correction/aversion based methods blindly recommended here... but instead an intelligent approach based on conditioned responses, and an understanding of natural canine behavior.
If you want to establish an enjoyable, life long relationship with your dog... then "Dog Talk" is a book you should not be without! I wish more instructors of basic manners obedience classes would follow the "Dog Talk" training program; if they did, the result would surely be many more happy owners with well mannered canine companions.
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Perhaps it is his clear, concise, and straightforward method that makes the difference. Not only does he talk about his successes in dog training, he offers examples of his own failures in dog training to clearly demonstate to the reader better methods that he acquired as a result. Personally, I like to learn from someone who is likewise interested in learning, as well--I tend to be wary of those who seem to have never made mistakes.
Not only does he get a dog owner through the basics of house manners, he includes solid instructions for expanding into a working relationship with a canine, and that includes a few fun tricks.
This book is divided into two sections--the white section includes general stories, and anecdotally describes how to speak to your dog on a level he understands. In the central grey section he tells, step-by-step, how to train a particular behaviour (e.g., "Sit," "Stay," etc.), what to expect as your dog begins to learn, and how to address specific problems as they arise in the training process. He doesn't expect one to read his mind when he describes a process--he gives one all the necessary information, including photographs, so one will know if one is going about something the right way.
The only potential drawback to this book is that he does incorporate a traditional dog training collar in some exercises. I contend, however, that if one has firmly followed his instructions on how to engage a dog--in language the dog understands--one will find that the dog performs such that corrections are not necessary. This is especially true if you begin work with a puppy (a dog under the age of two).
If all humans engaged their new pups in *Dog Talk* from the day they brought them home, the dog shelters/dog pounds would no longer be over-flowing with discarded pets, and there would be virtually no such thing as a "bad" dog anymore.
This book really is just that good.