Investing

Investing

In this updated second edition, well-known investment author Hagstrom explores basic and fundamental investing concepts in a range of fields outside of economics, including physics, biology, sociology, psychology, philosophy, and literature ...

Author: Robert Hagstrom

Publisher: Columbia University Press

ISBN: 9780231160100

Category: Business & Economics

Page: 216

View: 357

In this updated second edition, well-known investment author Hagstrom explores basic and fundamental investing concepts in a range of fields outside of economics, including physics, biology, sociology, psychology, philosophy, and literature.
Categories: Business & Economics

Investing The Last Liberal Art

Investing  The Last Liberal Art

Robert G. Hagstrom. INVESTING THE LAST LIBERAL ART SECOND EDITION ROBERT G. HAGSTROM 4- Columbia Business School Publishing Columbia University Press Publishers Since 1893 New York Chichester, West.

Author: Robert G. Hagstrom

Publisher: Columbia University Press

ISBN: 9780231531016

Category: Business & Economics

Page: 216

View: 379

Robert G. Hagstrom is one of the best-known authors of investment books for general audiences. Turning his extensive experience as a portfolio manager at Legg Mason Capital Management into valuable guidance for professionals and nonprofessionals alike, he is the author of six successful books on investment, including The Warren Buffett Way, a New York Times best-seller that has sold more than a million copies. In this updated second edition of Investing: The Last Liberal Art, Hagstrom explores basic and fundamental investing concepts in a range of fields outside of economics, including physics, biology, sociology, psychology, philosophy, and literature. He discusses, for instance, how the theory of evolution disrupts the notion of the efficient market and how reading strategies for literature can be gainfully applied to investing research. Building on Charlie Munger's famous "latticework of mental models" concept, Hagstrom argues that it is impossible to make good investment decisions based solely on a strong knowledge of finance theory alone. He reinforces his concepts with additional data and a new chapter on mathematics, and updates his text throughout to reflect the developments of the past decade, particularly the seismic economic upheaval of 2008. He has also added a hundred new titles to the invaluable reading list concluding the book. Praise for the first edition: "I read this book in one sitting: I could not put it down."—Peter L. Bernstein, author of Against the Gods: The Remarkable Story of Risk "Elegant and irresistible. Robert G. Hagstrom makes the complex clear as he confidently crisscrosses through the disciplines of finance, biology, physics, and literature. The only way to understand investing better, [Investing] shows, is to understand the world better. Ideas spark off the page at every turn. This is simply a gem of a book."—James Surowiecki, New Yorker "Investing is a brisk and engaging read, and it is a pleasure to be in the presence of Hagstrom's agile mind."—International Herald Tribune
Categories: Business & Economics

Warren Buffett

Warren Buffett

Robert Hagstrom, Investing: The Last Liberal Art, 2nd ed. (New York: Columbia Business School Publishing, 2015). 32. Dietrich Dörner, The Logic of Failure: Recognizing and Avoiding Error in Complex Situations (New York: Perseus Books, ...

Author: Robert G. Hagstrom

Publisher: John Wiley & Sons

ISBN: 9781119714644

Category: Business & Economics

Page: 272

View: 168

In Warren Buffett: Inside the Ultimate Money Mind, Hagstrom breaks new ground with a deep analysis of Buffett’s essential wisdom, an intricate mosaic of wide-ranging ideas and insights that Buffett calls a Money Mind. What exactly is a Money Mind? At one level, it’s a way of thinking about major financial issues such as capital allocation. At another level, it summarizes an overall mindset for successfully investing in today’s fast-paced stock market, a mindset that depends on a commitment to learning, adapting, and facing down irrelevant noise. This is not a method book. It is a thinking book. Warren Buffett: Inside the Ultimate Money Mind explains the philosophies of self-reliance, stoicism, rationalism, and pragmatism and their contributions to making intelligent investment decisions. It also outlines the evolution of value investing, discusses how to develop a business-driven investing mindset, and describes the defining traits of successful active management. Lastly, it examines the surprising aspects of a Money Mind – sportsman, teacher, and artist. In short, Warren Buffett: Inside the Ultimate Money Mind helps readers understand the building blocks that go into making a Money Mind so they can begin to incorporate its principles in the service to a life of value. Testimonials “An erudite masterpiece...” –Lawrence A. Cunningham, author; professor and director, Quality Shareholders Initiative, George Washington University “It’s another must-read...” –Bethany McLean, journalist and Contributing Editor, Vanity Fair, author, Saudi America and co-author The Smartest Guys in the Room “Pure Genius! This is a game changer in investment books...” –Robert P. Miles, author; Executive in Residence, University of Nebraska at Omaha, Executive MBA Program, "The Genius of Warren Buffett" “Effervescence and thoughtful analysis of Buffett’s life and work...” –Tom Gayner, Co-chief Executive Officer, Markel Corporation “Hagstrom’s books always enable readers to think about the world in new ways...” –Tren Griffin, author, Charlie Munger: The Complete Investor
Categories: Business & Economics

Economics Competition and Academia

Economics  Competition and Academia

... Cambridge: Cambridge University Press. Hagstrom, Robert G. (2000), Investing: The Last Liberal Art, New York: Texere. ... Humphrey, David C. (1976), From King's College to Columbia, 1746–1800, New York: Columbia University Press.

Author: Donald Stabile

Publisher: Edward Elgar Publishing

ISBN: 9781847207166

Category: Education

Page: 148

View: 970

There is much to be praised in this book. It is interesting and compelling reading. . . Economics, Competition and Academia is a well written book and well worth reading. It provides a coherent perspective of the main avenues by which societies have provided resources for higher education over many centuries. The views of prominent philosophers and economists on the economics of higher education have been highlighted as well. I recommend that it be read by anyone interested in the economics of higher education. James R. Wible, History of Economic Ideas In this exceptionally well written and highly perceptive book, Stabile has provided a unique perspective on the continuing debate over whether universities should be funded from non-fee sources (endowments, public funding) or from fees. He locates the philosophical roots of that debate in ancient Greece, with the sophists selling their services as teachers for fees and Plato and Aristotle virtuously teaching without fees (made possible by personal wealth). He then traces how virtue and sophism became entangled and morphed into various hybrid arrangements throughout the development of modern universities. As universities continue to evolve in their perceptions of how to match their functions to the ever-changing sets of financial constraints and opportunities, the relevance of this book will continue to grow. It should be on the must read list for all who are involved in modern higher education. Charles G. Leathers, University of Alabama, US Anyone interested in the important, current debate over assessing educational outcomes should read this book. It offers important historical perspectives on the value of education. Understanding the different points of view on the value of education is the first step in assessing what outcomes one wants to achieve with current education policies. Andrew F. Kozak, St. Mary s College of Maryland, US Stabile pulls together in one study of reasonable size the threads of higher education that span the centuries from ancient Greece to the twenty-first century United States. While readers may or may not agree with his conclusions, they will discover links between the past and the present and clues to the future of American higher education. David O. Whitten, Auburn University, US Donald Stabile places current concerns over the commercialization of academia in a historical context by describing the long-standing question of the extent to which market economics can and should be applied to higher education. The debate between Plato and Aristotle on one side and sophists on the other provides a foundation for the modern debate of endowment versus tuition models. The author tackles the intellectual discourse over the mission of higher education and the effect markets and competition might have on it. The discussion encompasses the ideas on higher education of leading economic thinkers such as Adam Smith, Jeremy Benthan, John Stuart Mill, Alfred Marshall, Thorstein Veblen and John K. Galbraith and identifies them as supporters of either sophism or virtue. Included, too, are the thoughts of educators and policymakers influenced by free market ideas, such as Benjamin Rush, Francis Wayland and Charles W. Eliot, as well as those opposed to them. In addition, the author explores the development of collegiate business schools in the US and how they were justified on the basis of virtue. The book concludes with a section on for-profit colleges and their relationship to sophism. This fascinating study of the centuries-old intellectual debate over the mission of academia will appeal to all those involved with higher education. Historians of economic thought will find the influence of economic ideas on this debate of great interest.
Categories: Education

Why Choose the Liberal Arts

Why Choose the Liberal Arts

New York: Columbia University Press, 1980. Getz, Malcolm. Investing in College: A Guide for the Perplexed. Cambridge: Harvard University Press, 2007. Gioia, Dana. “The Impoverishment of American Culture.” Wall Street Journal 19 July ...

Author: Mark William Roche

Publisher: University of Notre Dame Pess

ISBN: 9780268091743

Category: Education

Page: 208

View: 299

In a world where the value of a liberal arts education is no longer taken for granted, Mark William Roche lucidly and passionately argues for its essential importance. Drawing on more than thirty years of experience in higher education as a student, faculty member, and administrator, Roche deftly connects the broad theoretical perspective of educators to the practical needs and questions of students and their parents. Roche develops three overlapping arguments for a strong liberal arts education: first, the intrinsic value of learning for its own sake, including exploration of the profound questions that give meaning to life; second, the cultivation of intellectual virtues necessary for success beyond the academy; and third, the formative influence of the liberal arts on character and on the development of a sense of higher purpose and vocation. Together with his exploration of these three values—intrinsic, practical, and idealistic—Roche reflects on ways to integrate them, interweaving empirical data with personal experience. Why Choose the Liberal Arts? is an accessible and thought-provoking work of interest to students, parents, and administrators.
Categories: Education

College and University Endowment Investments

College and University Endowment Investments

19 , June 1941 , 41 p .; College and University Investments and Income , 1925-41 , vol . VI , No. 20 , July 1942. 29 P ; College Investments ... Teachers College , Columbia University , 1946 . p . 111-149 . ... The Liberal Arts 15.

Author: W. Robert Bokelman

Publisher:

ISBN: IND:30000090445945

Category: Education

Page: 48

View: 386

Categories: Education

Higher Education

Higher Education

A typical New England institution, Wesleyan has problems no greater or less than the average liberal arts college elsewhere. Several business enterprises have been suggested to Wesleyan as potential investments, but thus far none has ...

Author: The New York Times Editorial Staff

Publisher: The Rosen Publishing Group, Inc

ISBN: 9781642822281

Category: Young Adult Nonfiction

Page: 224

View: 688

In the last century and a half, American higher education has set the standard for the college ideal: a robust student life, a sprawling physical campus, and a faculty whose research contributes to the broader national conversation. The articles in this collection show how this standard was the creation of government intervention, corporate financing, and the organizing of students and professors. Readers will discover the broad diversity of college experience, plus the growing challenges to sustain the college ideal in times of economic downturn and political division. Features such as media literacy terms and questions round out this fascinating narrative.
Categories: Young Adult Nonfiction

More Than You Know

More Than You Know

Boston: Harvard Business School Press, 2006. Camacho, Juan, and Ricard V. Solé. ... Hagstrom, Robert G. Investing: The Last Liberal Art. New York: Texere, 2002. LeBaron, Blake. “Financial Market Efficiency in a Coevolutionary ...

Author: Michael J. Mauboussin

Publisher: Columbia University Press

ISBN: 9780231143738

Category: Business & Economics

Page: 320

View: 920

Since its first publication, Michael J. Mauboussin's popular guide to wise investing has been translated into eight languages and has been named best business book by BusinessWeek and best economics book by Strategy+Business. Now updated to reflect current research and expanded to include new chapters on investment philosophy, psychology, and strategy and science as they pertain to money management, this volume is more than ever the best chance to know more than the average investor. Offering invaluable tools to better understand the concepts of choice and risk, More Than You Know is a unique blend of practical advice and sound theory, sampling from a wide variety of sources and disciplines. Mauboussin builds on the ideas of visionaries, including Warren Buffett and E. O. Wilson, but also finds wisdom in a broad and deep range of fields, such as casino gambling, horse racing, psychology, and evolutionary biology. He analyzes the strategies of poker experts David Sklansky and Puggy Pearson and pinpoints parallels between mate selection in guppies and stock market booms. For this edition, Mauboussin includes fresh thoughts on human cognition, management assessment, game theory, the role of intuition, and the mechanisms driving the market's mood swings, and explains what these topics tell us about smart investing. More Than You Know is written with the professional investor in mind but extends far beyond the world of economics and finance. Mauboussin groups his essays into four parts-Investment Philosophy, Psychology of Investing, Innovation and Competitive Strategy, and Science and Complexity Theory-and he includes substantial references for further reading. A true eye-opener, More Than You Know shows how a multidisciplinary approach that pays close attention to process and the psychology of decision making offers the best chance for long-term financial results.
Categories: Business & Economics

Charlie Munger

Charlie Munger

—CHARLIE MUNGER, USC BUSINESS SCHOOL, 1994 Munger has adopted an approach to business and life that he refers to as worldly wisdom. ... Robert Hagstrom wrote a wonderful book on worldly wisdom entitled Investing: The Last Liberal Art, ...

Author: Tren Griffin

Publisher: Columbia University Press

ISBN: 9780231540414

Category: Business & Economics

Page: 224

View: 706

Charlie Munger, Berkshire Hathaway's visionary vice chairman and Warren Buffett's indispensable financial partner, has outperformed market indexes again and again, and he believes any investor can do the same. His notion of "elementary, worldly wisdom"—a set of interdisciplinary mental models involving economics, business, psychology, ethics, and management—allows him to keep his emotions out of his investments and avoid the common pitfalls of bad judgment. Munger's system has steered his investments for forty years and has guided generations of successful investors. This book presents the essential steps of Munger's investing strategy, condensed here for the first time from interviews, speeches, writings, and shareholder letters, and paired with commentary from fund managers, value investors, and business-case historians. Derived from Ben Graham's value-investing system, Munger's approach is straightforward enough that ordinary investors can apply it to their portfolios. This book is not simply about investing. It is about cultivating mental models for your whole life, but especially for your investments.
Categories: Business & Economics