If you want to succeed in the market, you need to learn how to invest based on value, selecting stocks that will continue to enrich you for years to come.Money Machine looks at Wall Street wonders Warren Buffet, Benjamin Graham, and other legends and shares how you, too, can utilize their secrets to unimaginable success! While he is minding his own business, his stock portfolio will pay $20,000 dividends the first year, somewhat more the next year, and even more the year after that, with all dividends automatically reinvested. Will definitely need to re-read a few times to grasp all the topics covered. Then you can start reading Kindle books on your smartphone, tablet, or computer - no Kindle device required. All rights reserved. The last few pages specifically cover this topic. It is recommended reading for all new recruits into the firm where I work. http://www.amacombooks.org. Sensible investors can make a lot more money than Blake’s checking account without taking as many risks as Emma’s dice rolls. Used with permission. Are you an author? Not worth it. Nothing more than an introduction to the complexity that is money. That’s your ticket to flushing your savings down the toilet. The secret is value investing—buying solid stocks at attractive prices, and leaving them alone. This is a clear, succinct book on a boring subject. Interesting format: good quick insight into the financial world with minimal jargon. Part II will describe several detailed examples of value investing. An accessible introduction to the world of banking and finance, focussing on the city of London. It gets worse. You're listening to a sample of the Audible audio edition. A very worthwhile book. The book is an excellent summary of the lives and actions of Kohlberg, Kravis and Roberts and the entire KKR group including how they started, what they thought and how they were as people, and ultimately what they did and how they did it. This book is not yet featured on Listopia. 24 reviews. Start by marking “The Money Machine” as Want to Read: Want to Read. The book covers almost everything. Unable to add item to List. Want to Read. Bartlett has written an uneven book that doesn't even provide true insights for the reader. Money Machine explains how to invest based on value, selecting stocks that will continue to enrich you for years to come. Only those who invested before the story came out have any chance of a solid payout. A fascinating account of the history behind this powerful firm. It’s time to put your money to work the smart way and stop chasing quick payoffs that never turn out. Read. True enough, his money wasn’t going to go below $1 million, but it wasn’t going to go much above $1 million, either. Our payment security system encrypts your information during transmission. Investing in the market doesn’t have to be reckless speculation—gambling on guesses about zigs and zags in stock prices. He was losing a lot of money compared to how much money he might have if he invested in stocks. Then, summarised it in the context well said by the title. in Mathematics with Honors from Harvey Mudd College and a Ph.D. in Economics from Yale University. In his new book he reveals how smart value investing made that happen.” —Think Advisor. the chapter on "housing dividends" is the most valuable. Reviewed in the United States on August 14, 2017. Smith has written numerous books and papers on finance, sports, and statistical pitfalls, and his research has been featured in The New York Times, The Wall Street Journal, Forbes, Motley Fool, Newsweek, and BusinessWeek. Gary Smith is the Fletcher Jones Professor of Economics at Pomona College in Claremont, CA. Bartlett paints a far less flattering picture of KKR than "Barbarian's at the Gate". Gary Smith’s Money Machine is a rare pleasure—a book about investing that makes you laugh out loud. Every weekday morning, Emma bolts out of bed, excited to start a new day filled with buying and selling stocks. Let us know what’s wrong with this preview of. Then you can start reading Kindle books on your smartphone, tablet, or computer - no Kindle device required. But the market’s volatility can be a good thing, because it reveals exciting new opportunities to those who know where to look for them. The main players in the market are also introduced here, with some discussion of what motivates them, which will put a lot of this into context for many, like myself, whose understanding of the industry comes largely from the media and their day-to-day experience. It avoids the detailed finance but provides real insight into the dynamics of this success story. Sarah Bartlett is the Bloomberg Professor of Business Journalism at Baruch College, CUNY and a freelance writer. Please try again. Because it is written in a very journalistic style, it is easy to read and highly entertaining as well. Just a moment while we sign you in to your Goodreads account. Invest in value, not ventures, and find the financial success all those gamblers are still looking for! It's easy to understand and a light, but valuable read. I have another friend, Emma, who gets the same thrills from buying and selling stocks that other people get from winning and losing money in Las Vegas. Bring your club to Amazon Book Clubs, start a new book club and invite your friends to join, or find a club that’s right for you for free. There was a problem loading your book clubs. The quality of the writing is very good and there are some interesting anecdotes along the way. A nod... To see what your friends thought of this book. Used with permission. Value investing is the secret to the success of Warren Buffet, Benjamin Graham, and other Wall Street legends. There was an error retrieving your Wish Lists. Possessing easily available information does NOT give you an advantage over anyone else. This book is a shocking indictment of a Wall Street money machine spinning wildly out of control and how it uses its power to influence the economy, the markets, and America's free press. It's not a bad book, just that I was lost almost from the first page. I highly recommend this book to any serious long-time investor.”— Scott Green, Venture Capitalist, 270 Capital, “Psst! Top subscription boxes – right to your door, © 1996-2020, Amazon.com, Inc. or its affiliates. Glad to have it in my Reference Library. Instead, our system considers things like how recent a review is and if the reviewer bought the item on Amazon. 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