Written in a straightforward and accessible style, this reliable resource examines the fundamentals of mutual fund investing in today's turbulent market environment and offers timeless advice in building an investment portfolio. Along the way, Bogle shows you how simplicity and common sense invariably trump costly complexity, and how a low cost, broadly diversified portfolio is virtually assured of outperforming the vast majority of Wall Street professionals over the long-term.
Written in a straightforward and accessible style, this reliable resource examines the fundamentals of mutual fund investing in today's turbulent market environment and offers timeless advice in building an investment portfolio. Along the way, Bogle shows you how simplicity and common sense invariably trump costly complexity, and how a low cost, broadly diversified portfolio is virtually assured of outperforming the vast majority of Wall Street professionals over the long-term.
The Little Book of Common Sense Investing is the classic guide to getting smart about the market. Legendary mutual fund pioneer John C. Bogle reveals his key to getting more out of investing: low-cost index funds. Bogle describes the simplest and most effective investment strategy for building wealth over the long term: buy and hold, at very low cost, a mutual fund that tracks a broad stock market Index such as the S&P 500.
Have you ever thought of letting your money work for you by being a part of the Indian growth story but the complicated financial jargon, perplexing terms and conditions, dilemma associated with risky investments and too many mutual fund options stopped you! This book provides answers to all such FAQs that an Indian Mutual Funds and SIP investor has. This book will help you understand the various types of mutual funds, their comparison with other assets, ways to invest in mutual funds and identify the type of funds that fit your profile the best. The focus of the book is on simplifying myriad concepts of mutual funds and demystifying myths around these investments. The author has approached this book in a question-answer format with lots of recent examples. Publisher: Notion Press Kindle Book
Have you ever thought of letting your money work for you by being a part of the Indian growth story but the complicated financial jargon, perplexing terms and conditions, dilemma associated with risky investments and too many mutual fund options stopped you! This book provides answers to all such FAQs that an Indian Mutual Funds and SIP investor has. This book will help you understand the various types of mutual funds, their comparison with other assets, ways to invest in mutual funds and identify the type of funds that fit your profile the best. The focus of the book is on simplifying myriad concepts of mutual funds and demystifying myths around these investments. The author has approached this book in a question-answer format with lots of recent examples. Business Nonfiction Economics Details Publisher:
Notion Press
Social Impact Bonds (SIBs) represent a new way to finance social service and health promotion programs whereby different types of investors provide an upfront investment of capital. If a given program meets predetermined criteria for a successful outcome, the government pays back investors with interest. Introduced in the United Kingdom in 2010, SIBs have since been implemented in the United States and across Europe, with some uptake in other jurisdictions. We identify and explore selected areas of concern related to SIBs, drawing from literature examining market-based reforms to health and social services and the evolution of the SIB funding mechanism. These areas of concern include increased costs to governments, restricted program scope, fragmented policymaking, undermining of public-sector service provision, mischaracterization of the root causes of social problems, and entrenchment of systemically produced vulnerabilities. We argue that it is essential to consider the long-term, aggregate, and contextualized effects of SIBs in order to evaluate their potential to contribute to public health. We conclude that such evaluations must explore the assumptions underlying the "common sense" arguments often used in support of SIBs.
Praise for Equity Valuation, Risk, And Investment
"Equity Valuation, Risk, and Investment pulls off the difficult feat of making an original contribution to the core of investment theory. With a combination of mathematical rigor, historical perspective, and clear exposition, Peter Stimes provides invaluable insights into valuation and portfolio construction."
-Martin Fridson, CFA, Publisher, Leverage World
"Peter Stimes translates the arcana of valuation models into common sense and plain English. This book will be a useful reference for anyone who is focused on fundamental measures of valuation as part of their investment process."
-Rob Arnott, Chairman, Research Affiliates, LLC, Editor Emeritus, Financial Analysts Journal
"Peter Stimes successfully integrates his years of practical experience in both fixed income and equity markets to propose an altogether new way of considering risk and valuation in equity portfolios. He does this in large part by applying insights derived from recent capital market innovations to the work of previous academicians and practitioners, such as Leibowitz, Fama, and Miller. Among other things, what emerges calls into question much of the codification of modern equity markets (growth vs. value, large-cap vs. small, significance of P/E ratios, etc.) and cogently argues for portfolio managers and fiduciaries to consider new ways of discovering opportunities within these markets."
-Lawrence B. Zuntz, former managing director, Institutional Business Division, Strong Capital Management
"This book is an important resource for equity investors, in particular value investors. Peter Stimes, using his extensive investment experience and thorough understanding of financial theory and mathematics, develops, explains, and verifies the validity of an equity valuation model that adjusts for the effects of inflation. The book is written in a reader-friendly style."
-Kevin Larson, CFA, Senior Vice President, CFO, and Treasurer, UniSource Energy Corporation
"Behavioral finance, inflation adjusted equities, and a well thought out plan for long-term investment are ably described by Peter Stimes in his new book. His insight and experience have been used to produce an investment approach to help ameliorate the possible upcoming financial tsunami caused by retiring baby boomers. Investors, of all ages, can profit from applying his model to their investments."
-Jeanne M. Boeh, PhD, Chair and Associate Professor, Economics Department, Augsburg College
The guidelines provided above about the appropriate way to manage the composition of a portfolio to avoid liquidity issues really amount to common sense. Maintain deep sources of funding in various markets with an average maturity which is not too short and hold liquid assets in low-risk investments that can be converted quickly into cash. Both making your liquid assets realisable and putting off the day you need to renegotiate your funding help to maintain liquidity.
The Contractors, or their Assigns, agree to issueon behalf of the Government of the Republic of Chinaa sterling Loan, bearing interest at the rate of five percent per annum, (hereinafter referred to as "the Loan")for such an amount as may be mutually estimated to benecessary for the completion of the Railway from Cantonto Chungking.
If, at any time, the earnings of the Railway, togetherwith the funds available from the proceeds of the Loan,242are not sufficient to meet the interest on the Bondsand the repayment of the capital in accordance withthe Amortization Schedule to be attached to the DetailedAgreement, the Government of the Republic ofChina, in approving of this Agreement, unconditionallyundertakes and promises to pay the principal of theLoan and the interest of the Loan on the due dates tobe fixed therefor in the Detailed Agreement providedfor in Article 17 of this Agreement.