Good old book from early 90s. Concepts and topics discussed are relevant till date. The main theme of the book is to walk through different investment vehicles and study the different types of risks involved in those.
Some of investments analyzed are bonds, preferred stocks, stocks, securities, tangible assets, non marketable investments.
These investments are analyzed from risk point of view, like purchasing power risk, interest rate risk, business risk, financial risk, liquidity risk, reinvestment risk, market risk.
The dynamics of these risk, controlling means, are touched upon.
As a case study, three different motivated investments compared. Emergency fund accumulation, saving for major expense, retirement investing require totally different style of planning and process.
Very good read for anyone into investment. Would suggest to read basic materials and then read this book for risk handling.
Tuesday, October 13, 2009
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