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What you will learn through this book (backed by academic research primarily by the University of Chicago):
1) An overview of modern portfolio theory, which states that there is an optimal risk/reward curve that allows you to determine the appropriate mix between stocks and bonds for any given expected level of return or tolerance for risk.
2) Regardless of your tolerance for risk or desire for reward, the only thing that changes is the overall % allocation between stocks and bonds. When any investor looks at stocks, they should have the same makeup of stocks in their porfolio (international, large cap value, small cap, etc.). The difference between more and less agressive investors is that the stock composition will be a bigger piece of their pie.
3) Statistical analysis that gives strong proof that index funds ... beat mutual funds handily over the long run by several percentage points.
This book has provided me with the best framework for investing. It's a little redundant (as most informational books are), but well worth the read. I've purchased many copies of it and given them to friends and family.
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With that said I will tell you who I am; I live in New Hampshire, served in the Army and have actually met Michael New. Michael New is a humble, honorable and decent American who, through homeschooling, actually learned about America's history and its Constitution. Which is unlike what is taught in government education. And when faced with a conflicting issue Michael New chose the side of the Constitution.
In Michael New: Mercenary or American Soldier? you will read about a real American who put his country ahead of all other interests and motivations. Including his military career. What a rare and unique individual. Compare that to the White House.
Thankfully we still have Americans like Michael New. If you have your doubts order the book and read it for yourself. Afterward you can write your own Amazon book review. :)
For America, Mark Santelman Nashua, NH
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The "true" story follows its two, pullitzer prize winning authors as they leave their dark, viewless, Manhattan condo and set out for Aiken, S.C., where they've bought(for quite a bit less than the original million+ asking price) a sixty room mansion built in 1897 by WC Whitney, as the gilded age began to flicker to a close. Through neglect, the house is an absolute mess. The crew hired to bring it back to its glory is pretty much a mess as well. From the holdover-joint-toking hippie that makes off with the only, working-order copper piping to sell for scrap, to the tile man who wants to be paid for time he'd requested to hang out (doing nothing)while the tile arrived, to the maid who spends all day dusting 3 rooms, only to be discovered sleeping whenever the bosses are away. You can't leave this crew a for a second, as they discover towards the end, in a scene that will leave wine lovers heart broken. The problem is, as with "A year in Provence", the owners seem to have a bottomless pocketbook, and always seem to have a check to write to cover whatever goes wrong. And EVERYTHING goes wrong. This eventually takes away from the believability, especially when combined with the patience of Job that the two men seem to display, endlessly, towards what are essentially ne'er do wells and lowlifes posing as contractors. Ah, well. You do learn a bit about the Whitneys, the house in its better days, Aiken in its better days, and the more recent days. All in all a worthwhile read.
Having moved to the South from the West Coast, I understood totally what Mr. White-Smith encountered! From Irish Travelers to the local restaurant that produces vegetables that have had every last trace of nutritional content boiled out of them, collard greens, fat back and fat light (it is vital that you know the difference: one is used to light fires and one is put in with your collards!),pepper sauce, sweet tea (cavities be damned!) to Moon Pies, Krispy Kremes, speech from people that you swear aren't speaking English, painters that can't paint, roofers that drink way too much, Nandina, Magnolias and Smilack at Christmas (I hope that I spelling the last one correctly!) and on and on and on. If you live in the South (especially if you are a transplant) and most especially if you live in or have redone an old house, this is the book for you!
As I said, I have re-read this book several times and I still find myself laughing hysterically. It is a great book that I am terribly sorry is out of print. Until it comes back into its second printing, the audio version will suffice. I wish they would do a "Part II" version...
A MUST read!
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In a day and age in which most couples squeeze in love making after the 11 o'clock news when they are both exhausted, Dr. Stein takes a radical departure and exhorts couples to focus on their sexuality and to MAKE time for quality love making.
If you are looking for a "positions" book, then this is not the book for you. If you are looking for ways to keep the passion alive in a committed relationship (or to reignite it) then buy a copy of Passionate Sex.
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Each chapter reveals an emotionally pivotal moment in Ray's life - his wife's infidelity and the near break-up of his marriage, the treehouse he built for his son and used himself as a drinking refuge, his sexual confusion, early relationships, one-night stands, childhood mysteries. The chapters are complete stories; some brief and poignant, some more complex, revealing harrowing secrets - jolting the reader and Ray too.
Williams' comic touch is sometimes gentle, even sad, other times prickly and nightmarish. In one incident Ray hits a dog with his car and rather than driving on, stops, finds the dog's address from its tag and visits the animal's owners, thereby embroiling himself in an ugly, absurd scene between a warring couple.
Ray is no angel. Often clueless, he is occasionally cruel, subject to the buffets of fate and capable of acts of spontaneous generosity. Wallace's ("Big Fish") rendering of him is sharp but empathetic, making his story compelling and real. The completeness of the vignettes sometimes leaves loose ends dangling, conveying the feeling that Ray has compartmentalized his life to avoid the mysteries of his own nature. The reverse structure reinforces this - showing how Ray got to where he ended up - not from a progression of events so much as the natural, halting, unknowable vicissitudes of one man's human nature.
"Ray in Reverse" is told in a reversed order--death begins, and childhood ends the book. It was immensely enjoyable and easy to read. I'm not sure what the significance of Ray's final words were, but I like the fact that you're allowed to think about it and come up with your own conclusions. I would reccomend this book to anyone and I'm looking forward to reading his first book.
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The author has a somewhat strange sense of humor, which I enjoyed. I suppose some people might not want off-beat references made to unrelated items, but I didn't mind, and it made the read easier.
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Only negative would be the organization of it could be a bit better. The book essentially is giving you documentation guidelines but the 'where to document' sometimes gets blurred with the 'how to document'.
However, in the arena of the specification of components software using the UML, this book has many positive attributes. There is no preamble or introduction to UML, for that you must use another resource.
This was a good decision on the part of the authors. Many people now know UML and there are several good resources available. Furthermore, the explanations are such that one knowledgeable in computing would quite likely be able to discern what is being described without detailed knowledge of UML.
As the authors stress, the set of steps that will turn a software segment into a component is not difficult to understand. The precise specification of what a component expects and what it is expected to do is the major task that needs to be addressed. A secondary, but necessary task is that the details of the implementation are not part of the component specification, for if they were, then it would violate the concept of interchangeable parts. The basic structures of a design by contract are described using the Object Constraint Language (OCL). It is not necessary to know OCL to understand what is being described, a thorough background in Boolean expressions is all that is needed.
The example used throughout the book is that of a hotel room reservation system. It satisfies the three criteria that any such example must adhere to:
1) It is an operation that is routine to most of us, so there is very little need to explain the basic premises and additional realistic extensions can be added without any substantial explanation.
2) There are enough different features that can be encapsulated into a component so that the complete example is complex enough to be an effective learning tool.
3) The interactions among the components are complex enough so that the real problem of using components, namely specifying how they intercommunicate, can be sufficiently developed.
In sports, projects are divided into two parts, the plan and the execution. If only one is done well, it will not work. The same applies to components as well, whether you are defining them or describing how to define them. In this book, the authors also execute their well-conceived plan. The descriptions are complete, understandable and in the proper order. Granted that this is shorter than the typical technical book, but I had no trouble in reading it in two sessions, a morning and an afternoon in the same day. My attention did not waver and there were only a very few times when I stopped and either reread or looked at a previous page for clarification.
You would have to be the programming equivalent of a cave dweller to believe that components will not become a dominant technology in the very near future. With this book, you can face that future with much of the knowledge that will prevent you from being relegated to the recycle bin of history.
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Daniel Woodrell writes with a remarkable style perfectly suited to the tale he tells. Taut, sparse, haunting, lyrical yet terrible, easing us lazily along from moments of unpretentious poetry to drop us jangling into stark, slamming violence. From the first page, I read it as drinking a rare liquor, sipping and savoring only a few pages a day, in no hurry to have it end.
Mr. Woodrell does not rub our faces in gore, but nor does he shrink from or glorify the brutality of killing. We have no doubt of what is happening, recoil from its horror, yet the image is drawn with such spare, severe strokes that we are left stunned as the aftermath of a car wreck - what just happened? When one character dies, the scene is engraved with a laser beam; "Oh, sweet Lord Jesus. It was way down there past terrible....My world bled to death."
Yet rather than being a story about a war and its battles, this a story about very young men - and women - whose lives are turned inside-out by that war. We see them involved in the very human struggle for place, for a sense of belonging, for those fleeting moments of gentleness, set against the smouldering, bloody backdrop of war, and jerked back to the bad-chili burning in the guts for payback when "comrades" are lost.
Rather than merely a war story, it is in part a love story, love of friend for friend, a man for a woman. There is no drippy sentimentality, no saccharine examinations of emotion. The same pen that strokes murder in sharp black lines etches with exquisite delicacy the gentler moments.
The reader may initially find the Victorian dialogue a bit awkard, but in only moments, there seems no other way the story could have been told. Nor do I feel that any other writer could have told this tale so well, save this native son of the Ozark country.
Told through the eyes of young Jake Roedel, who accepts what he sees with no idealism and only later any question, I recommend this book with a whole heart. Most especially I recommend it to those with an interest in the Missouri/Kansas conflict, or any part of the less-defined, personal aspects of the Civil War. For story, characterizations, marvelous use of language, and a haunting quality that lingers long after the last page is turned, I give it a solid five stars.
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The contents have short stories, written in fewer than 55 lines and written on the subject of love, death, or both. This "prose haiku" is known as a drabble, a story of under one hundred words, and is sometimes effective in evocating certain ideas.
A lot of the stories are quite amusing, like the bizarre "Bon Appetit," wry "Fire Next Time," wink-nod drabble "Gertrude's Soliquoy" for fans of Shakespeare, wryly dark "Plan B," and the hilarious "To Air is Human." But, in a collection of many people's stories, there are also the too-weird-to-be-amusing, the grisly, and sometimes the plain dumb. "Denial on his Lips" was something I simply did not understand. "Type-A Personality" was apparently supposed to be funny, but wasn't; likewise with "Top Bananas and Rotten Apples."
Like all short story collections written by many people, this is a very mixed bag with the good and the bad intermingled. Nevertheless, if readers are in the mood for some very brief reading, they might enjoy this.
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1. No one can predict the market (except for Wall Street Professionals)
2. The biggest mistake you can make is taking your money out of stocks and bonds once they are deposited (except to pay your advisor).
3. Don't trust your instincts, trust your Wall Street professional's instincts.
At the end of the book, probably hoping they have convinced their reader of his utter ignorance regarding money management, they kindly offer a chapter on finding your 'financial advisor', closing with their own email mailing addresses.
Guess what you are supposed to do.
The book is full of odd contradictions.
1. It's title proudly claims to be about 'beating' Wall Street, but the conclusion extols reliance on a 'financial advisor'.
2. For the first 3 chapters, the authors claim to accept 'random walk' theories, and points out the inability of top ranked fund managers to maintain their ranking as proof of the randomness of the market. For the remainder of the book, we are constantly advised only a professional can distinguish a long term positive rate of return. In other words, it's not a random walk. The guy's picking your asset class funds can suddenly defeat the random walk.
3. There is a chapter on defining your financial goals, but when determining your 'investment time frame', the authors advise using your life expectancy. Let me explain this to you. They advise putting your money in a Wall Street fund and updating your will. You should never plan on 'cashing out' and enjoying your rewards. That's pretty safe investment advice, if the client is alive, the money should stay put and the plan is still on track, even if it is down 70%. If he's dead, he won't sue over the bad advice.
4. In chapter 6 and 7, they advise ignoring tax implications. Chapter 8 is on investing with taxes in mind.
5. In the intro, the authors promise to show you how to do the math yourself. At the end of the book, there is just a bunch of formulas that refer to other formulas with values left undefined. I guess they figured no one was going to follow the math, and if they would, they were not their type of client, anyway.