Read more
Informationen zum Autor BEN STEIN , host of Comedy Central's Emmy Award-winning game show Win Ben Stein's Money, is a Renaissance man for the new millennium. An economist and humorist, investor, lawyer, and actor, Stein has successfully balanced a professional life that encompasses his many diverse interests. He is the author of several books on finance and his essays and columns have appeared in such publications as The Wall Street Journal, Barron's, Forbes, the American Spectator, Los Angeles magazine, New York magazine, and the Washington Post. PHIL DeMUTH is an investment advisor and PhD psychologist who has a longstanding interest in the stock market and has written for The Wall Street Journal and Barron's, as well as Human Behavior and Psychology Today. His opinions have been quoted on TheStreet.com and in Fortune magazine. Klappentext Praise for Yes, You Can Time the Market! "'Buy and hold' makes sense for the average investor in stocks. Even better, say Stein and DeMuth, is to buy only when prices are low and hold when prices are high, keeping accumulating savings in Treasuries while waiting for 'low' prices. They define 'low' and 'high' prices by historical experience. An interesting and thoughtful analysis." -Professor Milton Friedman University of Chicago, Hoover Center Nobel Prize Winner in Economics, 1976 "Wall Street, prepare yourself. Ben and Phil hit the nail on the head with their insightful guide to investing. No gimmicks, no games, just tapping the true power of economics to make sensible investment decisions. Add to that the authors' dry wit, and this handbook is a must-read for investors small and large." -Diane C. Swonk Director of Economics, Chief Economist Senior Vice President, Bank One Corporation " The logic and reasoning are persuasive. Stein and DeMuth buttress them with evidence, lots of it. The term 'valuable' properly applies to the guidance of the conclusions." -C. Lowell Harriss Professor Emeritus of Economics Columbia University "How refreshing to read commonsense advice about the stock market! Stein and DeMuth's findings are both verifiable and free of quantitative trickery. What's more, their writing is as clear and straightforward as the methods they recommend." -Martin Fridson author, It Was a Very Good Year: Extraordinary Moments in Stock Market History Zusammenfassung Famed economist! attorney! and celebrity Ben Stein joins forces with investment psychologist Phil DeMuth to present a simple! unconventional approach to investing. Using historical data from the last twenty-five years! the authors have identified the key ratios and benchmarks that savvy investors need to know to know when to buy. Inhaltsverzeichnis Chapter One The Impossibility of Market Timing 1 Chapter Two The Power of Price 9 Chapter Three The Price/Earnings Ratio 29 Chapter Four Dividend Yields and Market Timing 51 Chapter Five Fundamental Value 69 Chapter Six Bonds, Price-to-Cash Flow, Price-to-Sales 87 Chapter Seven Combining Factors for Superior Returns 103 Chapter Eight Using Market Timing 135 Chapter Nine Looking Forward: A Note of Caution 165 Appendix 179 Bibliography 183 Index 187 ...
