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All those who have had the uneviable task of writing reports or letters to shareholders know the temptations of the fashionable phrase or the piece of internal jargon. They are easy to write and get the job done - but we should all learn to stand back and ask "exactly what does that mean?"
Disclosure requirements are increasing in all countries but no amount of rules or legislation will prevent the use of meaningless phrases or words. The author helps us understand what works and what doesn't.
I only have two suggestions for improvement. First, I think we are benefiting here in the UK from additional disclosures about risk management and many companies are now reporting on the major risks they are taking and how they manage them. More on that would have been helpful. Second, She has focused on the "goodies" strongly represented by Berkshire Hathaway, and the "baddies" represented by Enron. The emphasis on these two companies is heavy and I would have preferred something a little more balanced.
Other than that I enjoyed the book immensely, it is well and intelligently written with a mischievous sense of humour. I hope Ms Rittenhouse will persevere with her theme and continue her analysis for an update in a year or so.
Thanks to this book, I no longer believe that good CEOs must live in an ethical gray area in order to turn a profit in today's business world. This book should be the basis for a complete reevaluation of current accepted business practices.
The author also illustrates how an average person can thoughtfully gauge the ethics of a company through careful analysis of its annual report.
Bravo Ms. Rittenhouse!
impact on the public's faith in what is still the best economic system in the world. Such behavior, if tolerated, can become very
damaging to our system over the long term. It must be reined in at some point and "Doing Business with People You Can Trust" is a
meaningful step in that direction and puts one more nail in their coffin. Everyone who is serious about investing should read this
book!
Several very respected persons in the investment world such as John Bogle, Warren Buffett, Benjamin Graham and a few others
have hammered away for years, both in their speeches and writings, about the very subject of this book. Ms. Rittenhouse has
performed a Yeoman's service bringing to the forefront, clearly and concisely, a subject that has been an irritant to the ethical
investment community for years.
Many respected individuals like those mentioned above, Philip Fisher, and others have consistently attacked the subject of
dishonesty, lack of concern for shareholders, and the incompetence of management, at various times. This may be the first volume
that has been written entirely on the subject, however, and that alone makes it the worthwhile work that it is. I sincerely hope that
the investing public will take the subject of writing to heart and demand a better accounting from corporate management from now on
than they did during the "bubble" years of the '90's.
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Once Mary, his mother, got past the issues of Bobby's soul going to heaven or not, and all of her grief, (at least some of it), she sets out about to help in the gay community, and helps set up programs to help other gay youngsters as Bobby was.
This book is a must read for many people. Especially if you have a gay loved one in your own family.
I applaud Bobby's mother for all her efforts on behalf of gays and lesbians who still face unrelenting prejudice and ignorance sadly disguised as "religion" and "spirituality". This book reaffirms the power of the soul and the beauty that results from truly listening and opening up to the meaning of love. It's sad that Mary didn't realize it while Bobby was still alive, but his spirit lives on in a wonderfully rendered memoir that hopefully is saving countless other Bobbys even as I write this.
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After reading The Intelligent Investor in his senior year at the University of Nebraska, Warren Buffett was so impressed that he traveled to New York to study with Benjamin Graham at Columbia University. Warren Buffett once said that he was "15 percent (Philip) Fisher and 85 percent Benjamin Graham." The training that Warren Buffett received from Benjamin Graham was critical to his success. If you read this book, you'll know why.
The Intelligent Investor's emphasis is on investment principles and investors' attitudes. Several comparisons of specific securities are included to demonstrate important elements in security selection. The book provides a guide to avoiding the loss of investment capital as well as identifying securities which are likely to provide superior returns with a margin of safety.
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With this work, Dr. Seider, et al, have given an invaluable contribution to the teaching of this field, presenting a logical an principle based approach for the "basic plant design", in contrast to the experience based traditional view.
Focusing on the extensive use of commercial process simulators, the book presents an overview of the conceptual basis of process simulation and optimization,but not its mathematical detail, giving the engineer the opportunity to focus on the process instead of focus on the mathematical and computational problem.