Book Description
An updated edition of the most reliable guide to commercial real estate for small investors
Commercial real estate investing is easier and cheaper to get into than you probably think it is. But if you're a novice investor or an investor who wants to make the switch from residential to commercial properties, how do you know where to begin? This Second Edition of How to Make Money in Commercial Real Estate shows you how to make the move to commercial real estate and wring the most profit from your investments. Successful investor and former accounting professor Nicholas Masters explains all the math and gives you all the expert guidance you need to successfully invest in commercial properties.
You'll learn how to:
- Prepare yourself before you start investing
- Evaluate different types of real estate and undeveloped land
- Read economic cycles and indicators so you know when to invest
- Calculate the long-term potential profits from properties
- Understand tax issues that impact your profits
- Form an investment club to share the risks and costs of getting started
- Find and evaluate individual properties with great potential
- Negotiate, finance, and close your deals
- Manage your properties yourself or through a management company
Customer Reviews:
Inaccurate and Dangerous.......2007-03-30
For a former accounting professor, Masters gets the numbers all wrong in this book. Using the logic in this book, Masters gets up to a 43% long-term annual return on real estate investments. In CH5 where Masters describes the source of real estate profits, the author includes paydown of a mortgage loans principal as one of the sources. In fact principle payments increase the amount invested in the property and reduces the return rather than increases it. This is just where the errors begin.
Masters targets this book at neophyte small investers. My advice is that neophytes who don't have a sound understanding of finance should stay far away from this book. For anyone else it's buyer beware.
Slow start with a good end.......2007-03-08
This book read a bit like a text book, probably because the author has a teaching background. I almost put the book down after the first couple of chapters, and would have if it was a library book and not a purchased book. I am very glad I did not! There was excellent information in this book which reinforced what I had learned and even built upon it.
Disappointing: out-dated and not comprehensive.......2006-02-27
While Mr. Masters does make several good points, most of the information in this book could apply to any real estate investment: whether it be residential or commercial even though the title of this book clearly makes it appear that this book will focus on commercial properties, which it does not.
Mr. Masters starts the book by making a quick comparison between real estate and other investments, such as holding your money in cash, saving accounts, securities, collectibles, and precious metals. He gives the advantages and disadvantages of each: namely, liquidity versus returns. Now, we get into the meat of the subject matter. First, Mr. Masters argues that an investor should own their own primary residence and have 12 months of expenses in the bank before venturing to invest in commercial real estate: conversative, but good enough advice. He gives comparisons between different commercial properties you can invest into, with garden apartment complexes and anchored shopping centers getting his nod as the best investment choices for a real estate novice. He argues that novice investors should form investment clubs to invest in real estate together; however, he gives very little advice as how to hold title and what form of ownership the group should take. I understand that people must consult with tax and legal professionals to see what best matches their situation, but it would have been nice to have Mr. Masters elaborate on this since its a key argument of his book.
To find property, Mr. Masters tells the aspiring investor to work with a knowlegable broker and not purchase a property with a cash-on-cash return or a cap-rate under 8-10%. While I agree its very important to buy properties with positive cash-flow, this is one of my biggest issues with this book: while in theory it'd be great to skip every property that offers lower returns, in today's market its virtually impossible in most top markets to find properties with those types of returns. If you follow the advice of the author, it will now be impossible to purcahse most investment opportunities as he does not leave room for exceptions in his rule. He also ignores other calculations and never shows how to construct an APOD, which really dates this book. There is no mention of an IRR or projected cash-flows. He also never says to independently confirm the income and expense figures given by the seller even though 9 times out 10 the cap-rate the seller gives on a property is calculated off of proforma numbers that are not aligned with market realities. I can sum up his financing section in a single sentence: find a good mortgage broker to find you a good rate on a fixed, 15-30 year mortgage. And to manage your property? Use a professional management company and watch them for a year to see how they do it, then you can consider doing it on your own. He gives very little helpful advice on what to look for in a management company, mortgage broker, or real estate broker as well.
Tax information is included relegated to an appendix, yet it doesn't even touch on a 1031 tax-deferred exchange and tax implications of real estate investments are hardly touched upon, and when they are, they're no longer applicable as tax laws have changed. I don't remember reading anything about what will effect the basis of your property, how to calculate cash-flow after taxes, or even more than a few quick words about depreciation!
For someone who has purchased their own home or has even a little bit of real estate knowledge, this book has little pratical use -- the only difference between this book and better, cheaper books that I've read is the author's limited information on investment clubs. He even gives poor advice on finding information online: he tells the reader to go online and type in a few keywords on a search engine, not realizing that the reader will find plenty of advertisers and unscrupulous companies in the results.
For anyone who's interested in investing in real estate, I recommend the first thing they learn is how to evaluate properties so they know what to look for in an investment opportunity. To that extent, I highly recommend Frank Gallinelli's "What Every Real Estate Investor Needs to Know About Cash Flow and 36 Other Key Financial Measures", a far-superior, more-practical, and less expensive book.
Outstanding.......2005-01-24
This book rocks!! I love it. Presented in logical order, and just packed with info
basic book.......2004-12-12
its a good book but very basic. i was looking for something more detailed and was a disappointed, but if you know nothing about real estate, it'll give u a good understanding.
Amazon.com
Get More Money on Your Next Job: 25 Proven Strategies for Getting More Money, Better Benefits & Greater Job Security, by employment attorney and human resource executive Lee Miller, is a compilation of tactics that anyone can use to negotiate optimum deals when changing jobs. Outlining overall principles along with specific techniques, the book details how employment candidates can boost their cause by properly responding to questions--and in turn asking the right ones--during the interview process. Get More Money on Your Next Job also offers advice especially for women and the unemployed, and information on using headhunters and other professionals in a job search.
Book Description
Maximize your bargaining power and get the best package possible, with the help of a seasoned professional who has negotiated hundreds of employment packages. Lee E. Miller—human resources executive, college professor, and counsel to numerous Fortune 1000 companies and senior executives—prepares you for every step of the process, disclosing secrets that can garner a higher salary, better benefits, bonuses, and little-known perks. Twenty-five can't-miss techniques plus "10 unbreakable negotiating commandments" provide invaluable help and information for everyone who works for a living, at every level of employment.
Customer Reviews:
Excellent for executives below C level.......2004-08-26
This book is full of information and negotiating strategies that are very useful for more junior executives, where hiring an employment attorney is probably not necessary. It enables you to do a decent job of getting the most you can without going over the line. It is especially good at giving practical examples that can help you make tradeoffs that create win-win outcomes (most negotiating books have this concept but are too abstract). Finally, it is very helpful in making sure you are protected if things don't work out. I bought some of the other recommended books in this category, but they are much too basic if you are an executive.
Its worth the money.......2004-05-18
I bought this book recently when I was changing my job. I was desperate to take the new job and would have taken the job even without negotiation.This book provided me the strategies to increase my salary by almost 10%. The book has several good examples ( that fit very well atleast to my situation ).
A must read even if you are not changing jobs.
Excellent book on negotiating.......2003-02-11
Excellent book - The author's approach is very logical and he clearly has the experience to validate his comments. He uses sound principles, excellent examples and memorable quotes. I would definately recommend this book - an excellent book which is hard to put down.
This is a great read!.......2002-11-16
I actually took Prof. Miller for a course in negotiating and he was excellent. If you're not lucky enough to get to see him in person, read this book. He was on the management side and knows what they're thinking. If you incorporate some of these techniques in negotiating your next salary you will come out ahead. Also, most of these techniques can be applied to any negotiation. Read it, you will not be disappointed.
Practical and useful guide.......2002-04-07
Great book. This book covered everything I needed to know to get a great salary and perks that I would not have thought to ask for. It was very readable and the advice was easy to use. I would recommend this book to anyone changing jobs.
Amazon.com
Curt Sampson follows his exceptional biography of Ben Hogan with another sweeping exploration of one of golf's icier hearts: Augusta National and the powers behind the Masters. A combination of history, sociology, and good old sports writing, The Masters counterpoints a rich, white institution with the town surrounding it that is anything but. Ultimately, the book tells the story of a singular sporting experience--and the marvelous drama it has provided--that manages to succeed spectacularly despite the arrogance, dourness, and manipulations of the homogenous bastion that deigns to let the rest of the world intrude upon its exclusiveness for one week every April.
Book Description
The Masters golf tournament weaves a hypnotic spell. It is the toughest ticket in sports, with black-market tickets selling for $10,000 and more. Success at Augusta National breeds legends, while failure can overshadow even the most brilliant of careers. As it is the only major golf tournament to return to the same site year after year, much of the fascination is historical.
But as Curt Sampson, author of the bestselling
Hogan, reveals in
The Masters, a cold heart beats behind the warm antebellum façade of this famous Augusta course. And that heart belongs to the man who killed himself on the grounds two decades ago. Club and tournament founder Clifford Roberts, a New York stockbroker, still seems to run the place from his grave. Roberts, an elusive and reclusive figure, pulled the strings that made the Masters the greatest golf tournament in the world. His story--including his relationships with presidents, power brokers, and every golf champion from Bobby Jones to Arnold Palmer to Jack Nicklaus--has never been told. Until now.
No mere recitation of birdies, bogeys, and tourna-ment winners,
The Masters is the intricate tale of the interplay among the town, the tournament, and the club. It is an amazing slice of history, taking us inside the presidency of Dwight D. Eisenhower, Augusta's most famous member. It is a look at how the new South coexists with the old South: the relationships between blacks and whites, between Southerners and North-erners, between rich and poor. It is a portrait of a tournament unlike any other as well as the town in which it lives and breathes--with such characters as James Brown, the Godfather of Soul; the great boxer Beau Jack; and Frank Stranahan, the playboy golfer and the only white pro ever banned from the tournament.
The Masters is a book that is certain to cause controversy yet will reinforce one's love for and dedication to the sport's greatest event. It is just as certain that The Masters will be the golf book of the year.
Customer Reviews:
Lots of Fun.......2005-10-22
Sampson doesn't pretend to write an objective history of Augusta National and the Masters. This book is all about the crabgrass and bare spots in the fairway. Picking and choosing his "facts" and with a colorful writing style, the author dumps on most everyone associated with Masters, Augusta National Golf (not Country) Club, and even the City of Augusta. Though most of his venom is directed toward Cliff Roberts, the club's founder and original czar, even Bobby Jones comes across as something less than the golfing saint he's often portrayed to be. Interestingly, the last chapter of the edition I read introduces Hootie Johnson as the new club president, in whom Sampson seems to see a ray of hope. Obviously, that chapter was written before Johnson's go-around with Martha Burke.
Provocative Insights into The Club and Tournamet.......2003-03-24
If Sampson's probe is anywhere near the truth, it surely smudges the high place we give to Augusta and The Masters.
Certainly, it still revolves around Jones, and it always has. The legend of this amateur and supposed gentleman is tarnished by his association with Roberts and his seizure of power and control of what has become golfing legend.
Without the champion's name and backing and tournament, The Masters and Augusta would be just another club and tour stop. But from the outset it was Bobby who kept it together. Then the illness and pulling away, and the inroads of Cliff and the rest is history, here well documented by one of the great golf writers. Sampson again weaves his literary magic with different piercing vignettes of the personalities and events which have led to Augusta lore and legend.
Story upon story from various facets permeate this fluid read--from club caddie to townfolk to neglected member and player -- one is given much to contemplate.
The tales are superb, sampling but a few: the caddie deliberately overclubbing Robert's opponent on a Par 3 course contest; Dave Marr's respone to Arnie that even his divot cleared Rae's Creek on 15; the asst. pro's wife being offered big money for the rope marker that only quandred off souvenir sales.
Augusta appears to be the premier "ole boys" club. If you want scoop about it's past and insights possibly into its present, this read will begin that path.
The Masters: The real story.......2001-04-03
Author Curt Sampson captures the birth and life of one of the most famous sporting events in the world, The Masters golf tournament. Played annually in Augusta, Georgia, this prestigious golf tournament has become the new face of golf. Mr. Sampson shows us how this once unknown place, turned into a sanctuary for some of the greatest golfers of all time. He gets deep into how it was started by a group of New York business men, only 68 years after the Civil War. He shows us how although, one of the most famed golf course in the world has always been dampered by the reputation for being a racist society. He explains how that when Tiger Woods won the Masters in 1997, Augusta and the Masters had come full swing from what it once was. This book goes well into detail about things the common person would have never known or been able to find out. Although, occasionally drags on about the birth of this event. this book has solid content and gives information that you would have never known otherwise. I recommend this book to any golf enthusist.
Easily the best book ever on The Masters.......2000-06-14
Curt Sampson is the best golf writer around, and this book is an excellent followup to that best of all golf biographies, Hogan. Some reviewers have criticized him for casting a cold eye on Clifford Roberts, the fanatical creator of the Masters, but I'm glad he's dug out the truth--it's much more fascinating, by the way. And his look at how the club has affected the area and town around it is quite interesting. His writing, though, is what I love--wonderfully crafted sentences by a fine writer. This is an excellent look at America's most prestigious tournament, and the personalities that have made it what it is. Highly recommended.
A look at the other side.......2000-04-17
For years I have read nothing but positive things about Augusta National and The Masters. Like the Indianapolis Motor Speedway, Augusta rules with an iron fist. While the author often jumps to some conclusions that may be out of line - it is important to read discriminately - the book is nevertheless a valuable look at the underbelly of The Masters, and it is a refreshing break from the toe-the-line approach that Clifford Roberts et al have made journalists take since the beginning.
Book Description
An expert reviews the experts – new and updated appraisals of the winning investment strategies of the greatest financial wizards.
Money Masters of Our Time is a reappraisal and revision of those money masters who have stood the test of time plus a look at new money masters. Train emphasises the parts of their various business careers that illuminate their investment techniques focusing on notable individuals whose decisions to buy and sell have actually made money grow. How do they reason? Where do they get their information? How much do they depend on fact and how much on psychology? What are their criteria in selecting a stock? What stocks are they buying now, and why?
The 'Money Masters' covered are: Warren Buffet, Paul Cabot, Philip Carret, Philip Fisher, Benjamin Graham, Mark Lightbrown, Peter Lynch, John Neff, T. Rowe Price, Richard Rainwater, Julian Robertson, Jim Rogers, George Soros, Michael Steinhardt, John Templeton, Ralph Wanger, Robert Wilson. Train centres on their investment techniques and methods and also gives brief biographical evaluations.
Customer Reviews:
If you are interested in finance then you will benefit - a lot........2007-03-02
This is a wonderful book. It is highly probable that you will learn a lot from the Money Masters. I bet that you will read it more than once. If you buy it and don't like it then I will buy it from you at my average cost.
good investor interview book - inspiring .......2007-01-12
like the Investment Gurus book in that it interviews great investors.
very good food for investment thinking. boring to read though took many times to open it to finish it
Too Brief.......2005-07-22
The idea of this book was great but unfortunately it was disappointing. It does not go into enough detail into any of the managers' investment processes to be able to apply them. I would suggest reading instead The Intelligent Investor, John Neff on Investing, or The Warren Buffet Way.
Good, gossipy book of vignettes.......2005-03-28
The people who are looking to gain valuable insight as to the workings of the market from this book are sadly mistaken. This is a book, along the lines of James Grant's book, that gives a number of vignettes and minature biographies of the leading money makers of our times, such as T. Rowe Price, Buffet, Templeton, Rainwater, Cabot, Fisher, Graham, Lightbown, Neff, Robertson, Rogers, Soros, Carret, Steinhardt, Wanger, Wilson, Lynch. You will essentially find that there is no "one" style that is successful, which lends credence to the theory that the markets are quite efficient, and some of these guys are victims of luck as well as skill.
The fact that it was written in early 2000 is a plus, not a minus, as you can trace what happened to them after the crash.
GOod book, the author is a bit preachy, egotistical and gossips about his subjects, but that's OK.
Don't Waste Your Money.......2000-10-02
I have read Mr. Train's earlier books The Money Masters and The New Money Masters and found them informative and interesting, gaining insights from some of the worlds most sucessful investors. Mr. Train's research seemed to rely heavily on personal interviews of these Masters often providing the reader with unique investment philosophies not readily available elsewhere. I especially recommend Mr. Train's first book in this series The Money Masters because this book moved me away from the trading of stocks and futures as practiced by Robert Wilson the short seller and Stanly Kroll the great commodity speculator. The techniques they employed seemed too elusive and fraught with risk and if this was the basis of the trading game it was not the game for me. I was instead attracted to the similer philosophies of mentor and student Ben Grahman and Warren Buffett. Looking at a stock as a share of a business not a piece of paper with a number on it. This was the first time I had been exposed to the wisdom of these two investors and I am grateful to Mr. Train for revealing to the public their methods. The problem I have with the current rendition is that it really adds nothing new. In fact Mr. Train seems to have copied parts of the first Money Masters and spliced them into this version. I may be wrong but it doesn't seem that the effort or creativity that went into the original went into this work. Another sort of irritating quality in this instance thankfully not present in the first book is Mr. Train's need to psychoanalyze some of his subjects especially Mr. Buffett. This adds an edge to the book that is not worthy of Mr. Train.
Book Description
Popular financial advisor Ron Blue has combined the Bible's timeless teachings on stewardship and responsibility with up-to-date advice on financial management and cash control. Revised, easy-to-follow charts, updated worksheets, and a handy glossary of terms make this the money book you've been waiting for.
Customer Reviews:
Master Your Money .......2005-10-06
I gave this book to my son who is graduating from college. I think it's good advice to have early in your financial decision making life.
Financial Management as easy as 1-2-3.......2001-12-24
The first time I saw the cover of Master Your Money (in Nairobi, Kenya, at my fiancee's place of work), my heart went cold. Financial management was a topic that scared me. I skimmed through the book and, for some reason, I started reading the first chapter. Before I knew it I had borrowed the book, read and reread it, made notes and outlined my financial present and future.
I presume the three key questions did the trick: Will I have enough money? How much is enough? Or possibly the graphic on the overall financial goals gave me a simple and clear picture on personal financial management. These clarified the issue on managing money in such a simple, easy way that I saw myself achieving my financial and non-financial goals. I had determined early in life to keep out of debt and the lessons I learned in MYM reinforced my resolution.
Needless to say, I recommended the book to friends, nay, I bought the remaining copies from the local bookstore that had them and ordered for some ten more to distribute to friends. They were excited and agreed with me that this was the book! I want more copies from friends. Five stars did you say? I would say it's a 6-Star book. It is excellent.
Take action - and make a financial change!.......2000-08-18
My husband and I worked through this book together. It is straight forward and really makes you think through the concepts of managing your money and resources. The book challenged us to take a step of faith and follow the biblical principles of money management. By applying those principles we were debt free (except for our house!) within one year - plus we actually saved money. We opened a general savings account, repair account and a Christmas account. I encourage anyone struggling with debt, or poor money management to read this book.
It's the powerful, inner motivation... You can do it!.......1999-01-15
Many books on financial planning focus on "how to do it." But for most people, those "how to" stuff remain as dreams that are not implemented. Ron Blue and Chuck Swindoll explain the inner problem why we get stuck in financial hole, dealing with the roots of financial problems that are true to human beings. Then they lead their readers to a series of life-transforming actions that are applicable immediately. These heart-and-mind actions will translate into powerful, inner motivations that will energize you to apply the practical, well-researched, up-to-date, realistic "how tos" they provide in this book. I use this book in my work as a leadership development consultant. My wife, an investment funds adviser, includes this book in her seminars and personal financial counselling.
Book Description
Finally...a financial planning book that presents concepts in an easy-to-understand format. Do you know if you have enough? Do you know how much is enough? If you can't answer these questions, The New Master Your Money is for you. Ron Blue extracts principles from God's Word and applies them to your financial portfolio. Ron's professional experience in financial planning will be an asset to you and to your family for generations to come. This new edition includes important updates and new content you won't want to miss.
Customer Reviews:
Nothing new.......2006-06-28
I didn't really gain anything from this book. Maybe because I read other books on financial planning already. The charts are boring and confusing. The one star is for the chapter on estate planning. That is the largest and most useful chapter in the book. If you're interested in this, then you should read this book, but for one chapter...eh, get it from the library.
Amazon has wrong author on review page 4/8/06.......2006-04-08
First, Amazon on its review page is wrong. The book is by Ron Blue. The forward to the book is by Swindoll.
The book is easy to follow with easy how-to worksheets/tables to apply to your own situation.
Master Your Money.......2006-02-25
I liked this book because it helps me to understand in laymans terms what I really need to do in order to save money. I've tried several of the ideas mentioned in the book with POSITIVE results.
Book Description
Here are insights into nine of the most successful investors of our time -- Benjamin Graham, Warren Buffett, John Templeton, and Philip Fisher, among others. In these fascinating profiles John Train reveals the unique investment styles that have made each a master: the traits that distinguish them from the crowd and the techniques that create the single characteristic unifying them all -- consisently profitable investments. Their methods, Train reveals, include those both the nonprofessional and the seasoned investor can apply for profit.
Customer Reviews:
Banking Reform.......2005-11-11
The Federal Reserve has become the most powerful financial organization in the world. The fed determines the interest rates for car loans, mortgage payments, financing of government debt, and the money supply. The fed is a private centralized bank and capitalized from its unique position.
The idea of balancing the budget will not solve the American economy because the politicians can not bring debt into control. The primary reason the politicans can not control the debt financing is the Fed is a "debt based" banking system. Instead, major Banking Reform needs to occur and removing the central banking power from the private sector back into the power of the government.
The fed has never been audit; the fed manipulates the credit of United States; the fed is a private bank; and the fed is more power than Congress, the courts, and is the single largest creditor of the United States. The battle is over the control of the money commodity, who gets too issue the money. The battle is not a well publicized since WWI and remains hidden from the public mind. In 1913 the government gave the Fed a monoply on the money issuing, its controls on the money supply and the right too charge interest, as a usry. Benjamin Franklin connected the American Revolution to Europes money problems.
Jesus drove the money changers from the temple. The money changes had corner the market on the sheckle, held a monopoly, and charged an increase on the coin. Jesus found the money changers practices offensive and drove them out! Julius Casear attacked the practices of the money changers. Casear provided plentiful money to the common person. The increase of money supply too the common person may have been the cause of his assassination. Shortly after Casear died, monetary reform tightened the money, land was taken from the common person, society was impoverished, and the society collapsed. The money changers innovated. The Goldsmiths were the first too recognized "Fractional reserves". Fractional reserves allowed the money changers to grow their money in both easy money and tight money. Fractional reserve increased the money supply by a factor of 10. Today this process is called the business cycle.
In opposition was the Catholic Church stated "money is to serve the people" and forbade the charging of interest on loans. However, eventually some charges were allowed for the risk taken by the lenders.
The secret of money is an agreement on what amount will be paid for a good or a service. The money stick was such an instrument. The bank of England attacked the money stick with the aid of King Henry. By the end of the 1600s England was in financial ruin. The Bank of England could issue money out of nothing. The Bank of England sold shares to get started. 1694, the Bank of England was charter and began loaning money with only a fractional portion of the money. The Bank of England became of the model for every central bank, in every nation. The central bank is really a hidden tax. Bond finance debt; Bonds are created from money made out of nothing; and the people pay for it in inflation and interest rates. The result was a series of booms and depressions.
What is the solution? Congress needs to issue its own money.
Good read but nothing mind blowing.......2002-02-27
If you want to read a concise book about the investment styles and philosophies of historic "golden age" investors this book might be the one for you. Any student considering asset management as a career should read this one as well as The New Money Masters, its counterpart that highlights investors post 1975 or so.
I would encourage everyone to understand the difference from this book and its latter brother, the NEW MONEY MASTERS. This book is primarily focused on investors that became household names via the companies that are their legacy such as T. Rowe Price, John Templeton and Warren Buffett. Other notable investors are Paul Cabot, Philip Fisher, Benjamin Graham, Stanley Kroll, Larry Tisch, and Robert Wilson. If you want to know how the experts do it, this is a great anthology to get you started. Listen to the best and forget the rest!
Both of Train's books are in the form of interviews he has with them. Train's writing is crisp and entertaining, and his interviews uncover many pearls of wisdom applicable to any investor's philosophy.
The Money Masters covers the origins of the value and growth philosophies of investing that many managers practice variations of today. The sections on Ben Graham and Sir John Templeton both outline the development of the fundamental approach to valuation as well as its original application in stock markets throughout the world. Phil Fisher and T. Rowe Price represent the two most celebrated proponents of what has come to be known as the growth strategy, adding the additional rigor of another layer of criteria to the value-style approach. Warren Buffett stands as one of the first great synthesizers of the ideas of both Graham and Fisher, while other investors like Larry Tisch represent variations on one particular strand, in Tisch's case that being value-investing.
If anyone is interested in books on the people behind the financial industry read Money Masters, New Money Masters, Predators Ball, Money Culture, Den of Theives and F.I.A.S.C.O. 25 Investment Classics and Goldman Sachs: the Culture of Success are other notable books. I gave the book 4 stars because; while it was very concise and well written I didn't find any information within the book that was of great help to me. It was entertaining and informative but not ground breaking or made me say "AH HAH" or have that light bulb go off in my head.
perhaps the BEST get started primer on investing.......2000-02-11
Perhaps the best place to start learning about investing. Read the conclusions first, then read the book, then re-read the conclusions. Peter Lynch said he read this book 3 times. I have read it probably 5 times over the years (Lynch may have caught up by now). I would give this more than 5 stars if I could. After reading the Money Masters, then you may be ready for The Intelligent Investor (Graham), A Random Walk down Wall St (Malkiel), & Where are the Customers Yachts (Schwed). then start investing for real. VERY readable, VERY enjoyable, BEST insights.
Surprisingly Thorough Compendium.......1999-12-12
I studied Ben Graham, Warren Buffett and Phil Fisher fairly carefully and came to this book after the fact. And I was surprised how thoroughly John Train neatly encapsulates the approaches of these investment masters. The chapter on Ben Graham may in fact be the definitive place to start one's study of this great thinker's initially intimidating body of work.
I'd give the book 5 stars, but the author sometimes uses finance terms loosely when clarity is absolutely critical (when he's describing key financial insights). For instance, in the chapter on Warren Buffett, Train notes that one of the ways Buffett distinguishes winners from losers via the balance sheet is to make sure payables are more than offset by receivables. Train's description appears to provide a key insight, but it's vague to the point of being meaningless. (He does it again in his follow-up book THE NEW MONEY MASTERS when in a discription of how Train's firm estimates approximate growth in unit sales from financial statements, he writes that he multiplies "the retained operating margin on sales and the turnover rate of gross operating assets.")
An excellent primer.......1999-01-02
The Money Masters by John Train describes the winning strategies of nine excellent investors. The investors described include:Warren Buffett, Paul Cabot, Philip Fisher, Benjamin Graham, Stanley Kroll, T. Rowe Price, John Templeton, Larry Tisch, and Robert Wilson. If you want to know how the experts do it, this is a great anthology to get you started. Listen to the best and forget the rest!
Average customer rating:
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Feng Shui: Discover Money, Health and Love : Master Larry Sang's System
Mark D. Marfori , and
Larry Sang
Manufacturer: Dragon Books
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Binding: Paperback
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Feng-Shui
ASIN: 0963774840 |
Book Description
Current research tells us today's kids and teens don't know how to budget or spend wisely. They have purchasing influence, but they aren't prepared to handle money. Parents presume that their kids "get it" or that they are learning these skills in school. Yet kids still need parental guidance on how to manage money. Your Kids Can Master Their Money reveals key traits of financially wise people and gives parents tools to instill those traits in their children.
Customer Reviews:
great family guide to finances.......2007-09-26
this book has so many great ideas for teaching kids how to manage money at an early age. one idea to encourage children to give was to tell them you will match their giving amount, just like real jobs do. it also focuses on being thankful for our blessings, which encourages children to bless others who are less fortunate. they also show how to give a visual example (using plastic people and candies)of how blessed our nation is compared to other countries, based on population and resources per person.they also teach kids to tithe right from the start, which is definitely the way to go; then they don't know any different. this is a must-have.
Average customer rating:
- An abridged guide to genius!
- Shortcuts to Success
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Shortcuts to Success: The Absolute Best Ways to Master Your Money, Time, Health, and Relationships
Jonathan Robinson
Manufacturer: Red Wheel/Weiser
ProductGroup: Book
Binding: Paperback
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ASIN: 1573241881 |
Book Description
Motivational author and speaker Jonathan Robinson shares his recipe for surefire success in a book designed to help any reader revitalize relationships, enhance health, and achieve a peak-performance life. Robinson has distilled his own experience and that of his teachers and peers, from Anthony Robinson to Ram Dass, into a roadmap to the quickest and smartest ways to achieve happiness, fulfillment, and a healthy, prosperous life. In clear, no-nonsense terms, the author encourages readers to remove the roadblocks to personal success and to realize their dreams, while taking more vacations, finding greater intimacy in relationships, and living more healthfully. In his most vital book to date, Robinson shows that success is not a destination but a journey.
Customer Reviews:
An abridged guide to genius!.......2005-03-01
Jonathan Robinson shares his powerful tools of organization, effectiveness, self-acutalization and how to create/maintain loving relationships all in this friendly little book. It is as grounded and approachable as he is and I highly recommend this book to Everyone! I'm currently reordering, as my own copy has been given out as the best present I can give a friend.
Shortcuts to Success.......2000-04-24
I found this book to be very informative. It covers all the basics in a brief way. I am sending this book to a friend.
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