Leverage is the real key to understanding the recent economic meltdown, and this book can be used as a guide for both students and experienced investors to leverage their portfolios.
Margin is a very important element that has been ignored by most stock investors. To understand margin, you need to understand how margin works. The margin is a percentage of the purchase price. A stock without a margin is like a loan that has to be repaid. The more the margin, the higher the leverage.
Investing is a complex business, and like anything else, there are different ways to achieve the same goal. The different approaches are known as investment strategies. Although the book highlights the 'best' investment strategy from the different investing philosophies, the book does not teach this approach as it is not the author's philosophy. This book focuses on the psychology of the investor and lays out a systematic approach to becoming rich.
The Dhandho Investor is a user-friendly book, with plenty of end notes to guide the reader as he/she gains confidence on the subject. Although the book is for the Indian market, I think it will be a great guide for both the Indian and non-Indian investor.
S&P 500 and Treasury Index Bonds - You can get a better return than the S&P 500 by investing in short term Treasuries. This might seem odd given that the long term rate of return on the S&P 500 is so much higher. What S&P 500 investors miss is that this bond is trading at a lower yield than the Treasury bond. Why this? Well, because it is not as safe as the Treasury bond. You might think, since the Treasury bond pays more interest than the S&P 500 over the shorter term, why would anyone trade the S&P 500 for the Treasury bond? The answer is that people know that the Treasury bond will return more interest for the next ten years than the S&P 500 - so they wait for the S&P 500 to fall enough to trigger the tax free rollover of the bond.
When you're looking at a multi-band equalizer, it is first important to understand that audio processing is an anisotropic, and not isotropic, operation, meaning that the process is applied in a different manner depending on the direction a signal moves through the filter. iZotope's Neutron EQ module was designed to be an isotropic, or same-direction, filter, meaning that it operates in the same manner regardless of the direction a signal moves through it. So, for example, a band that is narrow near the upper frequency of a guitar signal will behave the same, regardless of whether that signal is moving toward or away from the speaker. 827ec27edc