Top 10 best joel tillinghast 2018
Finding the best joel tillinghast suitable for your needs isnt easy. With hundreds of choices can distract you. Knowing whats bad and whats good can be something of a minefield. In this article, weve done the hard work for you.
1. The Most Important Thing Illuminated: Uncommon Sense for the Thoughtful Investor (Columbia Business School Publishing)
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Columbia University PressDescription
Howard Marks's The Most Important Thing distilled the investing insight of his celebrated client memos into a single volume and, for the first time, made his time-tested philosophy available to general readers. In this edition, Marks's wisdom is joined by the comments, insights, and counterpoints of four renowned investors and investment educators: Christopher C. Davis (Davis Funds), Joel Greenblatt (Gotham Capital), Paul Johnson (Nicusa Capital), and Seth A. Klarman (Baupost Group).These experts lend insight into such concepts as "second-level thinking," the price/value relationship, patient opportunism, and defensive investing. Marks also adds his own annotations, expanding on his book's original themes and issues. A new chapter addresses the importance of reasonable expectations, and a foreword by Bruce C. Greenwald, called "a guru to Wall Street's gurus" by the New York Times, speaks on value investing, productivity, and the economics of information.
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Howard Marks, the chairman and cofounder of Oaktree Capital Management, is renowned for his insightful assessments of market opportunity and risk. After four decades spent ascending to the top of the investment management profession, he is today sought out by the world's leading value investors, and his client memos brim with insightful commentary and a time-tested, fundamental philosophy. Now for the first time, all readers can benefit from Marks's wisdom, concentrated into a single volume that speaks to both the amateur and seasoned investor.
Informed by a lifetime of experience and study, The Most Important Thing explains the keys to successful investment and the pitfalls that can destroy capital or ruin a career. Utilizing passages from his memos to illustrate his ideas, Marks teaches by example, detailing the development of an investment philosophy that fully acknowledges the complexities of investing and the perils of the financial world. Brilliantly applying insight to today's volatile markets, Marks offers a volume that is part memoir, part creed, with a number of broad takeaways.
Marks expounds on such concepts as "second-level thinking," the price/value relationship, patient opportunism, and defensive investing. Frankly and honestly assessing his own decisions--and occasional missteps--he provides valuable lessons for critical thinking, risk assessment, and investment strategy. Encouraging investors to be "contrarian," Marks wisely judges market cycles and achieves returns through aggressive yet measured action. Which element is the most essential? Successful investing requires thoughtful attention to many separate aspects, and each of Marks's subjects proves to be the most important thing.
"This is that rarity, a useful book."--Warren Buffett
2. Big Money Thinks Small: Biases, Blind Spots, and Smarter Investing (Columbia Business School Publishing)
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COLUMBIADescription
Investors are tempted daily by misleading or incomplete information. They may make a lucky bet, realize a sizable profit, and find themselves full of confidence. Their next high-stakes gamble might backfire, not only hitting them in the balance sheet but also taking a mental and emotional toll. Even veteran investors can be caught off guard: a news item may suddenly cause havoc for an industry theyve invested in; crowd mentality among fellow investors may skew the market; a CEO may turn out to be unprepared to effectively guide a company. How can one stay focused in such a volatile profession? If you cant trust your past successes to plan and predict, how can you avoid risky situations in the future?In Big Money Thinks Small, veteran fund manager Joel Tillinghast shows investors how to avoid making these mistakes. He offers a set of simple but crucial steps to successful investing, including:
Know yourself, how you arrive at decisions, and how you might be susceptible to self-deception.
Make decisions based on your own expertise, and do not invest in what you dont understand.
Select only trustworthy and capable colleagues and collaborators.
Learn how to identify and avoid investments with inherent flaws.
Always search for bargains, and never forget that the first responsibility of an investor is to identify mispriced stocks.
Patience and methodical planning will pay far greater dividends than flashy investments. Tillinghast teaches readers how to learn from their mistakesand his own, giving investors the tools to ask the right questions in any situation and to think objectively and generatively about portfolio management.
3. Tillinghast: Creator of Golf Courses (Classics of Golf - A Selection from Golf's Finest Literature)
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Used Book in Good ConditionDescription
Golf Literature4. Reminiscences Of The Links
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Used Book in Good ConditionDescription
In this book, his second volume of essays, A.W. Tillinghast recounts the origins of Golf in America, and traces its growth through the 1930's. This book is much more than golf history--it is history as chronicled through the eyes of Tillinghast. It is a story of Golf's early days in America and our connections to Scotland. Loaded with over 150 vintage antique photographs and sketches, Tillinghast relives with style and humor golf at St. Andrews, the early U.S. Opens of the roaring nineties, the birth of the birdie, the founding of Pine Valley and many other humorous and fascinating tales on early American golf and golf architecture.As one of the greatest golf course architects ever, Tillinghast lived and breathed golf from the 1890's through his death in 1942. A native of Philadelphia, he was on hand for every major U.S. tournament of note; as a respected amateur he played in many of the early amateur and U.S. Open championships; he was a founder of the PGA of America; a staunch supporter of the United States Golf Association's Green Section; a renown golf journalist; managing editor of Golf Illustrated; and an advocate for public golf.
It can be said with little argument that the Mecca for all golfers is St. Andrews. And this is where Tillinghast begins his tales. "Once in St. Andrews one revels in Golf." Tillinghast recounts his memories of Old Tom Morris and Old Tom's recollections to him of one of the greatest of all time -- Tommy Morris, son of Old Tom, who thrice in succession won the British Open, and who died of a broken heart when "his girl wife died as their baby boy was born." Tillinghast tells many other stories from his trips to Scotland as a young man, recounting the colorful personages of many of the old timers of golf--Andra Kirkaldy, successor to Old Tom, the great little Ben Sayres, and others.
Tillinghast connects us with Scotland and the earliest golf in Canada and the United States. He recounts the human interest side of the early amateur and professional championships--the first but unrecognized U.S. Open champion, Willie Dunn; the early demise of the first four time U.S. Open champion , Willie Anderson; and the real story behind the fall from sanity of America's first and youngest U.S. Open champion, Johnny McDermott.
We are taken into the gallery and behind the scenes at many of these early tournaments. We are also told many humorous stories on the early Scottish caddies, and the sharp practices of the distasteful cheaters of golf.
We are given unique insights on golf architecture from a historical perspective --how the improved golf ball, "the bounding billie," and matched irons changed the game and golf course design forever; the genius in the creation of Pine Valley; the development of modern golf course design principles in the United States; and much more.
Tillinghast also provides us with his opinion on the top ten golfers of all time. "With the exception of Young Tom Morris, who died before I stalked the links, it has been my rare privilege not only to have observed the play of every man-Jack ... but to have played with half a dozen of the first nine."
The editors - Rick Wolffe, Bob Trebus and Stuart Wolffe - have done an amazing job compiling and researching this book. The photographs and sketches harmonize with each essay effectively bringing the book to life. This is the editors second volume of Tillinghast essays; their first, The Course Beautiful is internationally acclaimed and is currently being translated for Japan. The editors are working on a third Tillinghast book, Gleanings from the Wayside; they are also the authors of Baltusrol 100 Years, the Centennial History of Baltusrol Golf Club.
5. The Digital Transformation Playbook: Rethink Your Business for the Digital Age (Columbia Business School Publishing)
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Columbia Univ PrDescription
Rethink your business for the digital age.Every business begun before the Internet now faces the same challenge: How to transform to compete in a digital economy?
Globally recognized digital expert David L. Rogers argues that digital transformation is not about updating your technology but about upgrading your strategic thinking. Based on Rogers's decade of research and teaching at Columbia Business School, and his consulting for businesses around the world, The Digital Transformation Playbook shows how pre-digital-era companies can reinvigorate their game plans and capture the new opportunities of the digital world.
Rogers shows why traditional businesses need to rethink their underlying assumptions in five domains of strategycustomers, competition, data, innovation, and value. He reveals how to harness customer networks, platforms, big data, rapid experimentation, and disruptive business modelsand how to integrate these into your existing business and organization.
Rogers illustrates every strategy in this playbook with real-world case studies, from Google to GE, from Airbnb to the New York Times. With practical frameworks and nine step-by-step planning tools, he distills the lessons of today's greatest digital innovators and makes them usable for businesses at any stage.
Many books offer advice for digital start-ups, but The Digital Transformation Playbook is the first complete treatment of how legacy businesses can transform to thrive in the digital age. It is an indispensable guide for executives looking to take their firms to the next stage of profitable growth.
6. What I Learned Losing a Million Dollars (Columbia Business School Publishing)
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Jim Paul's meteoric rise took him from a small town in Northern Kentucky to governor of the Chicago Mercantile Exchange, yet he lost it allhis fortune, his reputation, and his jobin one fatal attack of excessive economic hubris. In this honest, frank analysis, Paul and Brendan Moynihan revisit the events that led to Paul's disastrous decision and examine the psychological factors behind bad financial practices in several economic sectors.This bookwinner of a 2014 Axiom Business Book award gold medalbegins with the unbroken string of successes that helped Paul achieve a jet-setting lifestyle and land a key spot with the Chicago Mercantile Exchange. It then describes the circumstances leading up to Paul's $1.6 million loss and the essential lessons he learned from itprimarily that, although there are as many ways to make money in the markets as there are people participating in them, all losses come from the same few sources.
Investors lose money in the markets either because of errors in their analysis or because of psychological barriers preventing the application of analysis. While all analytical methods have some validity and make allowances for instances in which they do not work, psychological factors can keep an investor in a losing position, causing him to abandon one method for another in order to rationalize the decisions already made. Paul and Moynihan's cautionary tale includes strategies for avoiding loss tied to a simple framework for understanding, accepting, and dodging the dangers of investing, trading, and speculating.
7. Making the Jump into Small Business Ownership
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Making the Jump into Small Business Ownership will provide the information, encouragement, and insight you need to go from dream to reality. As successful businessmen who have helped thousands of individuals begin small businesses, authors Jeff Levy and David Nilssen share their expertise in the following areas:How to identify your strengths and use them in your new venture
How to identify a business opportunity
Overcoming your limitations, fears, and trepidations
The business fundamentals every entrepreneur should know in the areas of planning, market research, legal structure, financing, support team, and other matters
Woven throughout are bits of practical advice based on the authors' years of experience, as well as stories of ordinary people doing extraordinary things through small business ownership. With this book as your guide, you can "Make the Jump" and begin creating your own success story.
8. More Than You Know: Finding Financial Wisdom in Unconventional Places (Updated and Expanded) (Columbia Business School Publishing)
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Since its first publication, Michael J. Mauboussin's popular guide to wise investing has been translated into eight languages and has been named best business book by BusinessWeek and best economics book by Strategy+Business. Now updated to reflect current research and expanded to include new chapters on investment philosophy, psychology, and strategy and science as they pertain to money management, this volume is more than ever the best chance to know more than the average investor.Offering invaluable tools to better understand the concepts of choice and risk, More Than You Know is a unique blend of practical advice and sound theory, sampling from a wide variety of sources and disciplines. Mauboussin builds on the ideas of visionaries, including Warren Buffett and E. O. Wilson, but also finds wisdom in a broad and deep range of fields, such as casino gambling, horse racing, psychology, and evolutionary biology. He analyzes the strategies of poker experts David Sklansky and Puggy Pearson and pinpoints parallels between mate selection in guppies and stock market booms. For this edition, Mauboussin includes fresh thoughts on human cognition, management assessment, game theory, the role of intuition, and the mechanisms driving the market's mood swings, and explains what these topics tell us about smart investing.
More Than You Know is written with the professional investor in mind but extends far beyond the world of economics and finance. Mauboussin groups his essays into four parts-Investment Philosophy, Psychology of Investing, Innovation and Competitive Strategy, and Science and Complexity Theory-and he includes substantial references for further reading. A true eye-opener, More Than You Know shows how a multidisciplinary approach that pays close attention to process and the psychology of decision making offers the best chance for long-term financial results.
9. Investing: The Last Liberal Art (Columbia Business School Publishing)
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Columbia University PressDescription
Robert G. Hagstrom is one of the best-known authors of investment books for general audiences. Turning his extensive experience as a portfolio manager at Legg Mason Capital Management into valuable guidance for professionals and nonprofessionals alike, he is the author of six successful books on investment, including The Warren Buffett Way, a New York Times best-seller that has sold more than a million copies.In this updated second edition of Investing: The Last Liberal Art, Hagstrom explores basic and fundamental investing concepts in a range of fields outside of economics, including physics, biology, sociology, psychology, philosophy, and literature. He discusses, for instance, how the theory of evolution disrupts the notion of the efficient market and how reading strategies for literature can be gainfully applied to investing research. Building on Charlie Munger's famous "latticework of mental models" concept, Hagstrom argues that it is impossible to make good investment decisions based solely on a strong knowledge of finance theory alone. He reinforces his concepts with additional data and a new chapter on mathematics, and updates his text throughout to reflect the developments of the past decade, particularly the seismic economic upheaval of 2008. He has also added a hundred new titles to the invaluable reading list concluding the book.
Praise for the first edition:
"I read this book in one sitting: I could not put it down."Peter L. Bernstein, author of Against the Gods: The Remarkable Story of Risk
"Elegant and irresistible. Robert G. Hagstrom makes the complex clear as he confidently crisscrosses through the disciplines of finance, biology, physics, and literature. The only way to understand investing better, [Investing] shows, is to understand the world better. Ideas spark off the page at every turn. This is simply a gem of a book."James Surowiecki, New Yorker
"Investing is a brisk and engaging read, and it is a pleasure to be in the presence of Hagstrom's agile mind."International Herald Tribune
10. If You're in a Dogfight, Become a Cat!: Strategies for Long-Term Growth (Columbia Business School Publishing)
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Columbia University PressDescription
Businesses often find themselves trapped in a competitive dogfight, scratching and clawing for market share with products consumers view as largely undifferentiated. Conventional wisdom suggests that dogfights are to be expected as marketplaces mature, giving rise to the notion that there are "bad" industries where it is unlikely that any company can succeed.But there are notable exceptions in which enlightened executives have changed the rules to grasp the holy grail of business: long-term profitable growth. Rather than joining the dogfights raging within their industry, companies such as Apple, FedEx, and Starbucks have chosen to become metaphorical cats, continuously renewing their distinctive strategies to compete on their own terms.
In If You're in a Dogfight, Become a Cat, Leonard Sherman draws on four decades of experience in management consulting, venture capital, and teaching business strategy at Columbia Business School to share practical advice on two of the most vexing issues facing business executives: why is it so hard to achieve long-term profitable growth, and what can companies do to break away from the pack?
Sherman takes the reader on a provocative journey through the building blocks of business strategy by challenging conventional wisdom on a number of questions that will redefine management best practices:
What should be the overarching purpose of your business? Do you really know what your strategy is? Is there such a thing as a bad industry? Where do great ideas come from and how do I find them? What makes products meaningfully different? What makes and breaks great brands? How and when should I disrupt my own company? What are the imperatives to achieving long-term profitable growth?
Filled with dozens of illustrative examples of inspiring successes and dispiriting falls from grace, this book provides deep insights on how to become the cat in a dogfight, whether you are a CEO, mid-level manager, aspiring business school student, or curious observer interested in achieving sustained profitable growth.
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