
Bustoff wrote:Pound Foolish: Exposing the Dark Side of the Personal Finance Industry
by Helaine Olen
The CMH-the Cost Matters Hypothesis is all that is needed to explain why indexing must and will work. In fact the CMH enables us to quantify with some precision how well it works. Whether or not the markets are efficient, the explanatory power of the CMH holds. As I’ve noted in several earlier chapters, gross return in the stock market minus the (high) cost of obtaining that return, equals the net return actually received by the investors. Yes, it is that simple. John C. Bogle The Clash of the Cultures
“My midterm grade (in economics @ Princeton) in the autumn of 1948 was 4+ (D+ in today’s lexicon) …I struggled but made the grade that I needed by semester’s end, gaining a 3…I graduated magna cum laude in Economics.” Jack Bogle The Clash of Cultures.
itworks wrote:All the Devils Are Here: The Hidden History of the Financial Crisis
Bethany McLean, Joe Nocera
Finished 40% so far.. fascinating story..
Is America run by ...)
ruralavalon wrote:Outliers: The Story of Success, by Malcolm Gladwell.
Not many surprises here, success comes from a combination of : Intelligence (or other inate ability); hard work/practice; and good luck. And we often overlook the role of one of the three. Still, contains many interesting examples and anecdotes from sports, education, business, and the arts, with some interesting data.
mark18068 wrote:I just dusted off A Random Walk Down Wall Street by Burton Malkiel. I last looked at it in the 1990s.
Just finished The Little Book of Common Sense Investing by Mr. Bogle.
Valuethinker wrote:ruralavalon wrote:Outliers: The Story of Success, by Malcolm Gladwell.
Not many surprises here, success comes from a combination of : Intelligence (or other inate ability); hard work/practice; and good luck. And we often overlook the role of one of the three. Still, contains many interesting examples and anecdotes from sports, education, business, and the arts, with some interesting data.
I think it is the weighting of factors. That what your parents give you is not so much talent but *persistence*.
MP173 wrote:Lawrence Block's "Getting Off"...oh, is it dark. One of the best crime / mystery writers out there.
Ed
bengal22 wrote:The Spy Who Came In From the Cold by John LeCarre. Just finished the Karla Triology and am definitely hooked on LeCarre.
denismurf wrote:The Thurber Carnival, by, of course, James Thurber.
I decided to reread this book I read in the 50's, but gave up about halfway through. It did remind me of why I carried such a negative opinion of marriage into adulthood. The dismal married life Thurber portrayed reinforced much of what I saw as a teenager in my own parents and my friends' parents.
BenBritt wrote:Trying to read Ken Folletts Winter of the World. Does anyone have an opinion of this work? Thanks.
There's also an American character, and Buchan shows how American is by having him say "stoodent" and "noos" and "nootral." I suppose the British say "styoodent" and "nyoos" and "nyootral." His characters keep getting into hopeless situations and then getting out of them by amazing coincidences.The West knows nothing of the true Oriental. It pictures him as lapped in colour and idleness and luxury and gorgeous dreams. But it is all wrong. The Kaf he yearns for is an austere thing. It is the austerity of the East that is its beauty and its terror ... It always wants the same things at the back of its head. The Turk and the Arab came out of big spaces, and they have the desire of them in their bones. They settle down and stagnate, and by the by they degenerate into that appalling subtlety which is their ruling passion gone crooked. And then comes a new revelation and a great simplifying. They want to live face to face with God without a screen of ritual and images and priestcraft. They want to prune life of its foolish fringes and get back to the noble bareness of the desert. Remember, it is always the empty desert and the empty sky that cast their spell over them—these, and the hot, strong, antiseptic sunlight which burns up all rot and decay. It isn't inhuman. It's the humanity of one part of the human race. It isn't ours, it isn't as good as ours, but it's jolly good all the same.
Blues wrote:"The 39 Steps" was a great movie and also a fun read but I got awfully tired of Buchan's anti-Semitism.
(Fully realize that it was fairly common in literature back in the day...Agatha Christie, Buchan et al...but when read now it does put one off.
At least this reader.)
Return to Personal Consumer Issues