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Special Holiday Reviews
Books selected and reviewed by Andrew Allentuck.
The Warren Buffet Portfolio
By Robert G. Hagstrom, Christopher Cazenove
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Rich in insights into the behaviour of both companies and investors, The Warren Buffet Portfolio has the power to transfer some of the master's wisdom and techniques to readers. Read the full review
Against the Gods: The Remarkable Story of Risk
By Peter Bernstein
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Against the Gods is a guide to much more than making money in jumpy markets. It is a lesson on the meaning of history, a commentary on hope and fear, and an essay on the vanities of the educated who think they can tell where chance events are leading. It can change the life of anyone who understands it. Read the full review
Dumb Money: Confessions of a Day Trader
By Joey Anuff, Gary Wolf
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Dumb Money makes no ethical argument against day trading. Anuff and Wolf just predict that most players will lose their shirts. "For the day trader, humble pie is a constant snack food," they write. That's the point of the book and the caveat to those who would like to try their hands at what Anuff and Wolf show is nothing more than craps.com. Read the full review
Puzzles of Finance: Six Practical Problems and Their Remarkable Solutions
By Mark P. Kritzman
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Six puzzles, which are vital issues in the measurement and management of money, are charmingly set forth and resolved with as little sweat as possible. In the end, the reader who has worked through the chapters will be a little closer to the age-old question, the foundation of economics, "what's a thing worth?" Read the full review
Inventing Money: The Story of Long-Term Capital Management and the Legends Behind It
By Nicholas Dunbar
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Inventing Money is a breathtaking story told with remarkable skill. Dunbar, trained as a physicist, unravels the mathematics that led to the huge debts and collapse of Long-Term Capital Management. It should be read by every serious investor. Read the full review
No Guts, No Glory: How Canada's Greatest CEOs Built Their Empires
By David Olive
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Deeply research, written with verve and much forethought and planning, No Guts, No Glory is superb, probably the best book of business history this year. For a gift or for many evenings of provocative reading, one can hardly do better than to get a copy. Read the full review
Collector's Edition: Benjamin Graham: 3 volume boxed set with special gift volume
By Benjamin Graham
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This elegantly assembled set of three books and a pamphlet can support a month of fireside reading. For anyone interested in economics or finance, it's a wonderful holiday gift. And for any library, it's a valuable historical reference work. Read the full review
The Money Machine: How the Mutual Fund Industry Works - and How to Make It Work for You
By Daniel Stoffman
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For the less experienced mutual fund investor, The Money Machine can teach the valuable lesson that what heavy management and sales fees pay for is selling which, while good for the sellers, has little to do with performance obtained by investors. Read the full review
The Intelligent Asset Allocator: How to Build Your Portfolio and to Maximize Returns and Minimize Risk
By William J. Bernstein
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For the reader who wants to get current with thinking on three factor theory and logonormal distributions, and predictions that the Dow will hit 36,000, this is a valuable book. Read the full review
The Power of Gold
By Peter L. Berstein
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Magisterial prose, superb scholarship, a sense of humour and humanity make The Power of Gold is probably the best book ever written on the metal's social psychology and history. The Power of Gold is a wonderful way to spend many evenings and a fine gift for a thoughtful reader. Read the full review
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