Book Description

Overheard a seductive stock tip? Saw a story on a promising new product? Stop chasing quick payoffs that will never pan out. If you want to succeed in the market, start thinking of stocks as money machines.

Investing in the market doesn't have to be reckless speculation—gambling on guesses about zigs and zags in stock prices. Money Machine explains how to invest based on value, selecting stocks that will continue to enrich you for years to come. Value investing is the secret to the success of Warren Buffet, Benjamin Graham, and other Wall Street legends. It can be your secret, too. Discover how to:

  • Judge a stock by the cash it generates
  • Determine its intrinsic value
  • Use key investment benchmarks such as price-earnings ratio, dividend-price ratio, q ratio—and the Bogle and Shiller models
  • Recognize stock market bubbles and profit from panics
  • Avoid psychological traps that can trip you up
  • And more

The stock market is not a get-rich-quick scheme. But it is the best way to achieve the financial success you've always dreamed of. Money Machine will help you make those dreams come true.

Table of Contents

  1. Cover
  2. Title
  3. Dedication
  4. Contents
  5. Foreword
  6. Introduction
  7. Part I: Value Investing
    1. 1. Seeing Through the Hype
    2. 2. Speculation Versus Investing
    3. 3. Semi-Efficient Markets
    4. 4. Torturing Data
    5. 5. Baubles and Bubbles
    6. 6. Intrinsic Value
    7. 7. Investment Benchmarks
    8. 8. The Conservation of Value
    9. 9. We’re Only Human
  8. Part II: Value Investing Applied
    1. 10. The Right Attitude
    2. 11. Kiss
    3. 12. Timing the Market
    4. 13. Picking Stocks
    5. 14. Closed-End Funds
    6. 15. Special Opportunities
    7. 16. Investing in Your Home
    8. Appendix to Chapter 16
  9. Afterword: Summing It Up
  10. References
  11. Index
  12. About the Author
  13. Best-Sellers from Amacom
  14. About Amacom
  15. Copyright