{"product_id":"uncommon-sense-investment-wisdom-since-the-stock-markets-dawn-paperback-softback-9780730324249","title":"Uncommon Sense; Investment Wisdom Since the Stock Market's Dawn (Paperback \/ softback) 9780730324249","description":"\u003cfont face=\"Georgia\"\u003e\r\n\u003cp\u003e\u003cfont size=\"6\"\u003eUncommon Sense\u003c\/font\u003e\u003cbr\u003e\r\n\u003cfont size=\"5\"\u003eInvestment Wisdom Since the Stock Market's Dawn\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\r\n\u003cp\u003e\u003cfont size=\"4\"\u003eMichael Kemp (Author), Scott Pape (Foreword by)\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e9780730324249, Wiley\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003ePaperback \/ softback, published 20 November 2015\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e368 pages\u003cbr\u003e22.9 x 15.2 x 2.3 cm, 0.544 kg\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\r\n\r\n\u003cp align=\"justify\"\u003e\u003cstrong\u003e\u003cfont size=\"3\"\u003e\u003cb\u003eQuestion everything – and become a better investor in the process\u003c\/b\u003e \u003cp\u003e\u003ci\u003eUncommon Sense\u003c\/i\u003e takes readers on a four-century journey; from the dawn of public share ownership (in 1602) right up to today. But this is not simply a history book. It's a book for serious investors. Along the way it reveals the fascinating stories, the market characters and the important financial developments that have sculpted the thinking behind the value investor's craft. Blended throughout the narrative Kemp delivers an array of interesting anecdotes and rock solid logic regarding what works when investing in the stock market, what doesn't, and why.\u003c\/p\u003e \u003cp\u003eEarly in the 20th Century, Charles Dow remarked of Wall Street Operators that 'the more they actually know, the less confident they become.' Continuing in the tradition of that simple, elegant statement, this enlightening and entertaining book will have you thinking, acting and succeeding on your own in your investment endeavours.\u003c\/p\u003e \u003cul\u003e \u003cli\u003eLearn to question conventional wisdom at every turn and develop a healthy skepticism as you plan your own investment strategies\u003c\/li\u003e \u003cli\u003eDevelop a rich understanding of the stock valuation process\u003c\/li\u003e \u003cli\u003eDiscover the methods that have been used by successful investors from the dawn of the modern stock market (in 1602) right up to today\u003c\/li\u003e \u003cli\u003eLearn how to interact simply and successfully with markets that are vastly complex and largely inexplicable\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003e\u003ci\u003eUncommon Sense\u003c\/i\u003e will have you questioning and doubting much that's stated about stock market investing, then developing your own winning strategy based on reason and understanding.\u003c\/p\u003e\u003c\/font\u003e\u003c\/strong\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eForeword ix \u003cp\u003eAbout the author xi\u003c\/p\u003e \u003cp\u003eAcknowledgements xiii\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart I: The limits of reason 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e0.9 Start thinking for yourself 3\u003c\/p\u003e \u003cp\u003e1. The Pied Piper 9\u003c\/p\u003e \u003cp\u003e2. The art of prediction 21\u003c\/p\u003e \u003cp\u003e3. Why economics will never be a science 29\u003c\/p\u003e \u003cp\u003e4. Forecasting the stock market 35\u003c\/p\u003e \u003cp\u003e5. Does the stock market forecast the economy? 49\u003c\/p\u003e \u003cp\u003e6. Can charts predict? 55\u003c\/p\u003e \u003cp\u003e7. Market timing 65\u003c\/p\u003e \u003cp\u003e8. Are computers the answer? 85\u003c\/p\u003e \u003cp\u003e9. The efficient market hypothesis 97\u003c\/p\u003e \u003cp\u003e10. Trader or investor? 107\u003c\/p\u003e \u003cp\u003e11. Realistic expectations of returns 119\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart II: Stock screens and value metrics 125\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e12. Where to start: stock screen or triad of analysis? 127\u003c\/p\u003e \u003cp\u003e13. Don’t accept the PE ratio at face value 135\u003c\/p\u003e \u003cp\u003e14. Earnings growth isn’t always a good thing 145\u003c\/p\u003e \u003cp\u003e15. Why do price to book ratios vary? 153\u003c\/p\u003e \u003cp\u003e16. Selecting stocks by dividend yield 159\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart III: The genesis of stock valuation 167\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e17. It all started in Europe 169\u003c\/p\u003e \u003cp\u003e18. Time to cross the Atlantic 185\u003c\/p\u003e \u003cp\u003e19. The adoption of financial reporting 199\u003c\/p\u003e \u003cp\u003e20. The modern era 209\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart IV: ‘Calculating’ value 215\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e21. Intrinsic value and market price 217\u003c\/p\u003e \u003cp\u003e22. Earnings and earnings growth 231\u003c\/p\u003e \u003cp\u003e23. The discount rate 245\u003c\/p\u003e \u003cp\u003e24. The formulae 265\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart V: Beating the stock market 277\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e25. The Durant-Dort Carriage Company 279\u003c\/p\u003e \u003cp\u003e26. Searching for numeric constants 283\u003c\/p\u003e \u003cp\u003e27. The human constant 291\u003c\/p\u003e \u003cp\u003e28. Coin-flipping orang-utans (my first trips to Omaha) 297\u003c\/p\u003e \u003cp\u003eAppendix A: Why book value differs from economic value 309\u003c\/p\u003e \u003cp\u003eAppendix B: Debt analysis 311\u003c\/p\u003e \u003cp\u003eGlossary 317\u003c\/p\u003e \u003cp\u003eReferences 321\u003c\/p\u003e \u003cp\u003eBibliography 331\u003c\/p\u003e \u003cp\u003eIndex 337\u003c\/p\u003e\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eSubject Areas: Finance \u0026amp; accounting [\u003ca title=\"See our other books on Finance \u0026amp; accounting\" href=\"https:\/\/freshlyprintedbooks.co.uk\/search?q=%22Finance%20\u0026amp;%20accounting%20%5BKF%5D%22\"\u003eKF\u003c\/a\u003e]\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003c\/font\u003e","brand":"Wiley","offers":[{"title":"Brand New","offer_id":52501417328920,"sku":"9780730324249","price":13.27,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0730\/2037\/5320\/files\/9780730324249.jpg?v=1786236797","url":"https:\/\/freshlyprintedbooks.co.uk\/products\/uncommon-sense-investment-wisdom-since-the-stock-markets-dawn-paperback-softback-9780730324249","provider":"Freshly Printed Books","version":"1.0","type":"link"}