Whether you are an investment professional managing billions of dollars or an individual investor with a small nest egg, TrimTabs Investing shows you how to beat the major stock market averages with less risk. This groundbreaking book begins by comparing the stock market to a casino in which the house (public companies and the insiders who run them) buys and sells shares with the players (institutional and individual investors). TrimTabs Investing argues that stock prices are primarily a function of liquidity—the amount of shares available for purchase and the amount of money available to buy them—rather than fundamental value. Finally, it outlines the building blocks of liquidity theory and explains how you can use them to predict the direction of the stock market. “Charles Biderman, a savvy and battle-scarred veteran of the investment wars, has fashioned an intriguing approach to making money in the stock market that adroitly avoids both heavy-breathing speculation and the standard Wall Street practices that enable investors, big and small, to lose money in good markets as well as bad. Aimed at the sophisticated investor (which may or may not be an oxymoron), the book is written in blessedly straightforward prose and is a worthwhile read for anyone with an urge to have a fling at investing.--Alan Abelson Barron’s “Since the days of Joseph and Pharaoh, it has been axiomatic that the size of the grain harvest affects the level of grain prices; but today’s investors have been slow to appreciate the fact that the supply of stock shares significantly determines the level of stock prices. Biderman’s long overdue book outlines the theory and evidence behind ‘Trading Float,’ the actual—and exploitable—power behind major moves in the stock market. --Paul Montgomery CEO and CIO of Montgomery Capital Management “‘Trade as corporate execs do, not as they say.’ Charles Biderman has built an impressive list of hedge fund clients from this essential insight, and this book does a great job explaining exactly how retail investors can incorporate it into their investing.” --Eric Zitzewitz Assistant Professor of Economics, Stanford Graduate School of Business “Charles Biderman is a smart thinker, clear writer—and he offers here some very interesting ideas. This book is for the little guy who enjoys reading about money and economics, even if he doesn’t adopt the strategies offered here; and for the professional or sophisticated investor, who, to a greater or lesser degree, just might.--Andrew Tobias author of The Only Investment Guide You'll Ever Need
Whether you are an investment professional managing billions of dollars or an individual investor with a small nest egg, TrimTabs Investing shows you how to beat the major stock market averages with less risk. This groundbreaking book begins by comparing the stock market to a casino in which the house (public companies and the insiders who run them) buys and sells shares with the players (institutional and individual investors). TrimTabs Investing argues that stock prices are primarily a function of liquidity—the amount of shares available for purchase and the amount of money available to buy them—rather than fundamental value. Finally, it outlines the building blocks of liquidity theory and explains how you can use them to predict the direction of the stock market. “Charles Biderman, a savvy and battle-scarred veteran of the investment wars, has fashioned an intriguing approach to making money in the stock market that adroitly avoids both heavy-breathing speculation and the standard Wall Street practices that enable investors, big and small, to lose money in good markets as well as bad. Aimed at the sophisticated investor (which may or may not be an oxymoron), the book is written in blessedly straightforward prose and is a worthwhile read for anyone with an urge to have a fling at investing.--Alan Abelson Barron’s “Since the days of Joseph and Pharaoh, it has been axiomatic that the size of the grain harvest affects the level of grain prices; but today’s investors have been slow to appreciate the fact that the supply of stock shares significantly determines the level of stock prices. Biderman’s long overdue book outlines the theory and evidence behind ‘Trading Float,’ the actual—and exploitable—power behind major moves in the stock market. --Paul Montgomery CEO and CIO of Montgomery Capital Management “‘Trade as corporate execs do, not as they say.’ Charles Biderman has built an impressive list of hedge fund clients from this essential insight, and this book does a great job explaining exactly how retail investors can incorporate it into their investing.” --Eric Zitzewitz Assistant Professor of Economics, Stanford Graduate School of Business “Charles Biderman is a smart thinker, clear writer—and he offers here some very interesting ideas. This book is for the little guy who enjoys reading about money and economics, even if he doesn’t adopt the strategies offered here; and for the professional or sophisticated investor, who, to a greater or lesser degree, just might.--Andrew Tobias author of The Only Investment Guide You'll Ever Need
Not long ago, the South Bronx and other devastated New York City neighborhoods had become legendary as the worst urban war zones, so infamous that busloads of foreign tourists would ask to be taken there to snap pictures of the rubble. What's more, the city's treasury was empty, and the federal government under Ronald Reagan was pulling back from its commitment to confront the nation's "urban crisis." In New Life at Ground Zero, Charles J. Orlebeke traces New York City's dramatic comeback in the '80s and '90s, focusing on one organization, the New York City Housing Partnership, which helped spark the recovery by building thousands of new homes for the ownership market in the South Bronx and throughout the city. As Orlebeke vividly recounts, this high stakes gamble was pulled off by a diverse cast of characters—sometimes working cooperatively, more often at odds in the nation's most complex and contentious political environment. Behind the facade of "public-private partnership" presented by retired banker and civic leader David Rockefeller and popular mayor Ed Koch in 1982, lay minefields of conflicting interests, bureaucratic roadblocks, and clashing personalities. New Life at Ground Zero sets the stage for the emergence of the Housing Partnership with account of colliding views about how New York City should develop after World War II, whether as a gleaming "city of the future," or as the messier, human-scale city of neighborhoods envisioned by Jane Jacobs. Both views seemed irrelevant in the mid-'70s, as New York City plunged into near bankruptcy. From this civic ordeal would emerge the Housing Partnership, a business-led nonprofit developer that would combine large-scale rebuilding with relatively low-density neighborhoods of resident owners. In telling the Housing Partnership story, Orlebeke draws on a careful analysis of internal documents and communications and on interviews with key partners, including city officials, Partnership staff, community activists, business leaders, homebuilders, and buyers. Still flourishing today, the Partnership has branched out into rebuilding abandoned rental buildings with neighborhood entrepreneurs, and is also sponsoring the development of new retail stores in places once written off as hopeless. As such, it stands out as a useful model of community revival for other cities to study and adapt to their own local circumstances. Reflecting on the Housing Partnership achievement, the author taps into his experience as a public official and a student of urban policy and argues persuasively that this story is an early example of an increasingly potent, national community development movement that challenges the conventional pessimistic view of the urban prospect.
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In January 1980 a panel of distinguished social scientists and statisticians assembled at the National Academy of Sciences to begin a thorough review of the uses, reliability, and validity of surveys purporting to measure such subjective phenomena as attitudes, opinions, beliefs, and preferences. This review was prompted not only by the widespread use of survey results in both academic and non-academic settings, but also by a proliferation of apparent discrepancies in allegedly equivalent measurements and by growing public concern over the value of such measurements. This two-volume report of the panel's findings is certain to become one of the standard works in the field of survey measurement. Volume I summarizes the state of the art of surveying subjective phenomena, evaluates contemporary measurement programs, examines the uses and abuses of such surveys, and candidly assesses the problems affecting them. The panel also offers strategies for improving the quality and usefulness of subjective survey data. In volume II, individual panel members and other experts explore in greater depth particular theoretical and empirical topics relevant to the panel's conclusions. For social scientists and policymakers who conduct, analyze, and rely on surveys of the national state of mind, this comprehensive and current review will be an invaluable resource.
This classic book serves as a starting point for any serious discussion of welfare reform. Losing Ground argues that the ambitious social programs of the1960s and 1970s actually made matters worse for its supposed beneficiaries, the poor and minorities. Charles Murray startled readers by recommending that we abolish welfare reform, but his position launched a debate culminating in President Clinton's proposal “to end welfare as we know it.”
Vietnam POWs came home heroes, but twenty years earlier their predecessors returned from Korea to shame and suspicion. In the Korean War American prisoners were used in propaganda twice, first during the conflict, then at home. While in Chinese custody in North Korea, they were pressured to praise their treatment and criticize the war. When they came back, the Department of the Army and cooperative pundits said too many were weaklings who did not resist communist indoctrination or "brainwashing." Ex-prisoners were featured in a publicity campaign scolding the nation to raise tougher sons for the Cold War. This propaganda was based on feverish exaggerations that ignored the convoluted circumstances POWs were put in, which decisions in Washington helped create.
A very well-written and scholarly presentation which ought to prove valuable to both clinicians and experimentalists. J.P. CHAPLIN, University of Vermont "A very interesting and well written integration of many related areas. Undoubtedly a contribution to the areas concerned. JACK VERNON, Princeton University "A fascinating and comprehensive study of past development and current state-of-the-art in this area." Dr. WILLIAM D. THOMPSON, Baylor University "Part I is well written and provides an overview of the subject matter with broad strokes which blend into one another . . . the book does give a good historical perspective of the development of interest in the effects of isolation . . . . The bibliography . . . is one of the most complete of published bibliographies in this field." American Journal of Psychiatry.
In this volume, Roth presents an edited version of these notes along with other essays on the text, philosophy and translation of this beloved Taoist classic. He concludes the volume with a colophon in which he presents a critique of Graham's textual scholarship and an attempt to resolve several outstanding text-historical issues. A complete bibliography of Graham's publications and a detailed index are also included."--BOOK JACKET.
Winner of the American Political Science Association’s 1991 Woodrow Wilson Foundation Book Award for the best book published in the United States during 1990 on government, politics, or international affairs How do ordinary citizens, government officials, opinion leaders, or social scientists attempt to solve social problems? How competent are we at defining the problems, seeking information, and finding answers? In this important and controversial book, a distinguished social scientist meticulously analyzes our attempt to understand society so that we can reshape it. In so doing, he largely bypasses both epistemology and contemporary highly abstract theory on knowledge and society in order to acheive a far more concrete analysis of discourse and inquiry in social problem solving. There is a tragic discrepancy, argues Charles E. Lindblom, between our abilities to solve problems and the difficulty of the problems to be solved. We must make do with inadequate information and inconclusive analyses, for the task is less one of learning the truth than of proceeding in inquiry and decisions when the truth cannot be known. Lindblom discusses the many obstacles that prevent us from solving social problems, focusing in particular on learned incompetence. According to Lindblom, parents teach children not to think certain thoughts, and schools often engage more in indoctrination than education. Political rhetoric and commercial sales promotion feed a steady diet of misrepresentation. Social science does help. But because it is dependent on popular thought, it shares the impairments of thought found in both political figures and ordinary citizens. It also develops its own distinctive impairments and is to a degree crippled by its narrow view of scientific method--often more interested in proving than probing. Although social science can be improved in ways that Lindblom outlines in his book, social inquiry calls for such significant contributions from lay thought that it renders many conventional ideals of scientific problem solving inappropriate. Lindblom contends that the route to better social problem solving is not through either scientific or popular consensus or agreement, however much they are valued in the world of science and social science, but through a competition of ideas. The index of a society's competence, he states, is in its discord over ends, values, or purposes. "As usual, Lindblom cuts through to the core of the issue: How is society to understand its central problems and challenges? With originality and courage, he takes on the social scientists and the policy analysts, and presents an inspiring picture of a self-guiding democracy that continuously deliberates over means and ends. A signal contribution."--Robert B. Reich, Harvard University
In this wide-ranging analysis, Charles Kostelnick and Michael Hassett demonstrate how visual language in professional communication--text design, data displays, illustrations--is shaped by conventional practices that are invented, codified, and modified by users in visual discourse communities.
The Contra War and the Iran-Contra affair that shook the Reagan presidency were center stage on the U.S. political scene for nearly a decade. According to most observers, the main Contra army, or the Fuerza Democrática Nicaragüense (FDN), was a mercenary force hired by the CIA to oppose the Sandinista socialist revolution. The Real Contra War demonstrates that in reality the vast majority of the FDN’s combatants were peasants who had the full support of a mass popular movement consisting of the tough, independent inhabitants of Nicaragua’s central highlands. The movement was merely the most recent instance of this peasantry’s one-thousand-year history of resistance to those they saw as would-be conquerors. The real Contra War struck root in 1979, even before the Sandinistas took power and, during the next two years, grew swiftly as a reaction both to revolutionary expropriations of small farms and to the physical abuse of all who resisted. Only in 1982 did an offer of American arms persuade these highlanders to forge an alliance with former Guardia anti-Sandinista exiles--those the outside world called Contras. Relying on original documents, interviews with veterans, and other primary sources, Brown contradicts conventional wisdom about the Contras, debunking most of what has been written about the movement’s leaders, origins, aims, and foreign support.
The problem that gives rise to this book is dissatisfaction with social science and social research as instruments of social problem solving. Policy makers and other practical problem solvers frequently voice disappointment with what they are offered. And many social scientists and social researchers think they should be more drawn upon, more useful, and more influential. Out of the discontent have come numerous diagnoses and prescriptions. This thoughtful contribution to the discussion provides an agenda of basic questions that should be asked and answered by those who are concerned about the impact of social science and research on real life problems. In general, Cohen and Lindblom believe that social scientists are crippled by a misunderstanding of their own trade, and they suggest that the tools of their trade be applied to the trade itself. Social scientists do not always fully appreciate that professional social inquiry is only one of several ways of solving a problem. They are also often engaged in a mistaken pursuit of authoritativeness, not recognizing that their contribution can never be more than a partial one. Cohen and Lindblom suggest that they reexamine their criteria for selecting subjects for research, study their tactics as compared to those of policy makers, and consider more carefully their role in relation to other routes to problem solving. To stimulate further inquiry into these fundamental issues, they also provide a comprehensive bibliography.
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