Jumat, 31 Agustus 2012

[S135.Ebook] Free Ebook Slanguage as a Way of Characterization in M. Keyes's Chick Lit Novel: An Analysis of the Lithuanian Translation of Slanguage in Marian Keye

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Slanguage as a Way of Characterization in M. Keyes's Chick Lit Novel: An Analysis of the Lithuanian Translation of Slanguage in Marian Keye

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Slanguage as a Way of Characterization in M. Keyes's Chick Lit Novel: An Analysis of the Lithuanian Translation of Slanguage in Marian Keye

This book focuses on the way in which slanguage, treated as a way of characterization, is rendered in the Lithuanian translation of Marian Keyes’s chick lit novel "Anybody Out There" (2006) by Regina Šeškuvienė (2007). The main characters in the novel are women who use slang words and swear words in different situations both at work and their personal lives. In this respect, these women are different from traditional heroines of the romance who tend to use language in a traditionally feminine way, i.e. their language is polite and suited to reflect their impeccably feminine character. Swear words for heroines of chick lit serve as a means to express their oftentimes excessive and not always socially approved emotions and attitudes. The use of proper and specific slang helps them to make their conversations sound informal, to show familiarity and friendliness and to speak about uncomfortable issues such as sexual orientation or drug addiction. Slanguage becomes a significant means of characterization in "Anybody Out There". Therefore, the aim of this book is to analyse how the use of language by female characters reveals their character in the source text and in the target text.

  • Published on: 2015-10-28
  • Released on: 2015-10-28
  • Original language: English
  • Number of items: 1
  • Dimensions: 8.66" h x .22" w x 5.91" l, .33 pounds
  • Binding: Paperback
  • 96 pages

About the Author
Donata Berūkštienė is a PhD student at Vytautas Magnus University, Kaunas, Lithuania. She has a BA degree in English Philology and an MA degree in Applied English Linguistics. Her scientific interests are translation theory and practice, legal discourse, genres of legal texts, and corpus linguistics.

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Rabu, 29 Agustus 2012

[M392.Ebook] Ebook Download Literacy for the 21st Century: A Balanced Approach (6th Edition), by Gail E. Tompkins

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Literacy for the 21st Century: A Balanced Approach (6th Edition), by Gail E. Tompkins

This title is also available packaged with the Enhanced Pearson eText. To order the Enhanced Pearson eText packaged with a bound book, use ISBN 0133388263.

Literacy for the 21st Century: A Balanced Approach is�a�thoroughly applied text�written to ensure that readers understand the current theories behind and the critical components of�instruction for teaching reading and�writing as complementary in the development of literacy.�Readers are treated to a philosophical approach that not only balances the why, what, and how of teaching literacy but also offers practical pedagogy—teaching strategies and instructional procedures—that foster thoughtful teacher preparation and ensures alignment to the literacy goals teachers are responsible to teach. �New text features model practices that support diverse populations, instruction driven by sound classroom assessment, and new literacy strategies that will help teachers transform literacy learning with digital devices. Integrating the best of what we know about teaching reading and writing, the Sixth Edition of this popular introductory text provides the balance teachers need to be successful�in the�classroom. The Enhanced Pearson eText features embedded video.

Improve mastery and retention with the Enhanced Pearson eText*
The Enhanced Pearson eText provides a rich, interactive learning environment designed to improve student mastery of content. The Enhanced Pearson eText is:

  • Engaging. The new interactive, multimedia learning features were developed by the authors and other subject-matter experts to deepen and enrich the learning experience.
  • Convenient. Enjoy instant online access from your computer or download the Pearson eText App to read on or offline on your iPad� and Android� tablet.*
  • Affordable. The Enhanced Pearson eText may be purchased stand-alone or with a loose-leaf version of the text for 40-65% less than a print bound book.

* The Enhanced eText features are only available in the Pearson eText format. They are not available in third-party eTexts or downloads.

*The Pearson eText App is available on Google Play and in the App Store. It requires Android OS 3.1-4, a 7” or 10” tablet, or iPad iOS 5.0 or later.

  • Sales Rank: #16178 in Books
  • Brand: Brand: Pearson
  • Published on: 2013-04-15
  • Original language: English
  • Number of items: 1
  • Dimensions: 9.90" h x 1.00" w x 7.90" l, 1.94 pounds
  • Binding: Paperback
  • 544 pages
Features
  • Used Book in Good Condition

Review
"Our university has been using Literacy for the 21st Century since 2001. Students purchase this text during their sophomore year. When they return to our university after graduation to earn a master’s degree and reading specialist certification, most still have their copies of Literacy for the 21st Century and they report that they use it often in their classroom teaching." - Helen Hoffner, Ed.D., Holy Family University

"...an excellent resource to use for reviewing language arts content as well as introducing pedagogy. It is easily accessible to students and contains current, relevant information that is well supported by theory and research in the field." - Angela Madden, Eastern Kentucky University

From the Back Cover

About the Author

Gail E. Tompkins is Professor Emerita at California State University, Fresno. Currently, she works with teachers in their kindergarten through eighth-grade classrooms and leads staff-development programs on reading and writing. Dr. Tompkins was inducted into the California Reading Association’s Reading Hall of Fame in recognition of her accomplishments in the field of reading, and she’s received the prestigious Provost’s award for Excellence in Teaching at California State University, Fresno. Dr. Tompkins is the author of six other books published by Pearson: Language Arts: Patterns of Practice, Language Arts Essentials, Teaching Writing: Balancing Process and Product, 50 Literacy Strategies, and two grade-specific versions of this text: Li teracy in the Early Grades: A Successful Start for PreK-4 Readers and Writers and Literacy in the Middle Grades: Teaching Reading and Writing to Fourth Through Eighth Graders. During the past three decades, Dr. Tompkins has also worked with kindergarten through college-level writing teachers at National Writing Project sites in California and Oklahoma.

Most helpful customer reviews

10 of 10 people found the following review helpful.
Buy the 5th Ed (save money and hassle)
By Mia R.
The book itself is a great resource, but I really regret buying new. The 6th edition has typos and is missing entire sections that were available in the 5th edition (of which our teacher references during class). It is not a matter of page numbers changing, but entire teaching methods in the compendium were removed (even though they are not outdated!) and a section on ESL parent connection is in the 5th ed. and not the 6th. It is a waste of money to buy this newer edition.

4 of 4 people found the following review helpful.
eBook does not come with Access Code
By Brent D Ramsay
Check with your instructor before getting this eBook. It does not come with the Access Code for Pearson. If your instructor uses Pearson for homework, etc., you will have to pay an additional $99 to Pearson for the Code. In this case, buy either the hard copy, or by direct from Pearson for the eBook.

9 of 11 people found the following review helpful.
seems like it was designed for elementary students
By L. K.
Written in a wordy style that becomes very tedious to read. This book could have been half as long and half the price. Teachers are professionals and can be addressed as such. The kid handwriting fonts and random pictures of pigeons are silly and annoying.

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Jumat, 24 Agustus 2012

[X123.Ebook] Ebook Free Battery Power Management for Portable Devices (Artech House Power Engineering), by Yevgen Barsukov, Jinrong Qian

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Battery Power Management for Portable Devices (Artech House Power Engineering), by Yevgen Barsukov, Jinrong Qian

The introduction of Li-ion batteries in 1991 created a tremendous change in the handheld devices landscape. Since then, the energy stored and put to use in palm-sized electronic devices has quadrupled. Devices are continuously getting more power hungry, outpacing battery development. Written by leading engineers in the field, This cutting-edge resource helps you overcome this challenge, offering you an insightful overview and in-depth guide to the many varied areas of battery power management for portable devices.

You find the latest details on optimizing charging circuits, developing battery gauges that provide the longest possible run-time while ensuring data protection, and utilizing safety circuits that provide multiple independent levels of protection for highly energetic batteries. This unique book features detailed design examples of whole systems, providing you with the real-world perspective needed to put this knowledge into practice. You get the state-of-the-art know-how you need to perfect your device designs, helping you make them strong competitors in the fast-growing portable device marketplace.

Contents: Battery Chemistry Fundamentals and Characteristics. Battery Charger Techniques. Battery Safety and Protection. Cell Balancing Technique. Battery Fuel Gauging (State of Charge and Remaining Run-Time Indication). System Battery Power Management Solutions.

  • Sales Rank: #1114730 in Books
  • Brand: Brand: Artech House
  • Published on: 2013-05-01
  • Original language: English
  • Number of items: 1
  • Dimensions: 9.00" h x 6.25" w x .75" l, 1.18 pounds
  • Binding: Hardcover
  • 200 pages
Features
  • Used Book in Good Condition

About the Author
Yevgen Barsukov is an IP development manager for battery management systems business units at Texas Instruments. He holds an M.S. in organic chemistry from Kiev National University in the Ukraine and a Ph.D. in physical chemistry from Kiel Christian Albrecht University in Germany.

Jinrong Qian is a sector manager and distinguished member of technical staff for battery management systems at Texas Instruments. He holds M.S. degrees in power electronics from both the University of Central Florida and Zhejiang University in China and earned his Ph.D. in electrical engineering from the Virginia Polytechnic Institute and State University.

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1 of 1 people found the following review helpful.
DETAILED BATTERY POWER MANAGEMENT RESOURCE!!!
By COSMIC TRAVELER
Are you an engineer or a curious do-it-yourself enthusiast? If you are, then this book is for you. Authors Yevgen Barsukov and Jinrong Qian, have done an outstanding job of writing a book that aims to make it clear that batteries and battery management electronics that are used, should be able to operate in the most efficient and safest way.

Authors Barsukova and Qian, begin by summarizing the best handling practices based on a particular chemistry for the most common rechargeable battery types in order to ensure the best longevity of the battery; as well as, adequate safety of the device. Next, the authors discuss battery charging algorithms, battery charging system topologies, design considerations, the main battery charger applications, and the popular battery charger ICs.
Then, they show you how to accomplish a remodeling of battery designers’ thinking; and, offer a practical solution to all of the challenges that arise from highly energetic mobile power sources. In addition, the authors discuss why when multiple cells are connected in series, the cell voltage is not always equal to the pack voltage divided by the number of cells. They continue by describing battery fuel gauging, which is the expression that everyone is using to describe what this little chip inside the battery is doing. The authors then briefly analyze the system-level ESD, EMI minimization, and specific design considerations for each piece of the end equipment. Finally, the authors apply the principles of the different ingredients of a successful battery-operated system to specific portable systems to demonstrate them in action; and, to provide you with an actionable reference template that you can use as a starting point for your own development efforts for such systems or expand to other systems with similar properties.

This most excellent book covers rechargeable battery fundamentals, explaining how any battery operates and describing the common factors to consider when choosing a battery. Furthermore, this great book explains the how and why of battery management systems; and, provides would-be designers of battery management systems and chargers with enough information to be successful. Finally, the book combines all of the various pieces of knowledge about battery management, and provides examples of complete battery-operated systems that can be cut-and-pasted into your designs.

0 of 0 people found the following review helpful.
Good first text but falls short on details
By Alexander Smith
This is an excellent text to get to know the overall landscape of batteries and power management. I would not recommend paying full price though. The state of the art (almost) is described in reasonable detail. The text falls short in several areas - battery chemistry and how batteries work is treated almost as if the reader were already familiar with the topic. For example the figures on cathodes and anodes and the nomenclature is not clear at all. The use of black and white images of poor resolution makes it hard to use it as a fundamental text. Surely there are excellent images and animations available in color to describe the charging and discharging process in li-ion batteries. Fortunately several university lectures are available to fill in this gap. Another grouse of mine is that while the text claims to discuss fuel gauging algorithms, the finer details which are in some sense public domain by way of patents is treated cautiously. Given the authors are employees of a company, this is understandable from a trade secret point of view but as a text to enthuse the reader the text disappoints. In this regard, some of the app notes from TI or other companies are a better read and free of cost. References to literature are minimal and reader may have to dig into patent documents to really understand how battery gauging works in practice. A final point is the lack of exercises that would make for using this text in a classroom setting. At 50% of full price it was a great buy. I wish the authors take note of the shortcomings and come out with a color print 2nd edition.

1 of 1 people found the following review helpful.
Exceptional battery management book
By MC TX
I use this book both for advanced technical training, as well as training people who are new to the battery power management industry. It has a very comprehensive approach and covers topics ranging from battery chemistry fundamentals, battery safety, system considerations, to design examples. I have bought a few extra copies to share with colleagues.

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Selasa, 21 Agustus 2012

[C485.Ebook] Download PDF KNIFE, FORK, MUSCLE: Book III: HEALTHY AND UNHEALTHY FATS, FOOD ALLERGIES, AND CHEMICAL ALLERGIES - THEIR EFFECT ON YOUR TRAINING, YOUR HEA

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KNIFE, FORK, MUSCLE: Book III: HEALTHY AND UNHEALTHY FATS, FOOD ALLERGIES, AND CHEMICAL ALLERGIES - THEIR EFFECT ON YOUR TRAINING, YOUR HEA

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KNIFE, FORK, MUSCLE: Book III: HEALTHY AND UNHEALTHY FATS, FOOD ALLERGIES, AND CHEMICAL ALLERGIES - THEIR EFFECT ON YOUR TRAINING, YOUR HEA

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KNIFE, FORK, MUSCLE: Book III: HEALTHY AND UNHEALTHY FATS, FOOD ALLERGIES, AND CHEMICAL ALLERGIES - THEIR EFFECT ON YOUR TRAINING, YOUR HEA

In the first e-book in the Knife, Fork, Muscle series, we covered protein requirements for strength training and muscle building, along with a detailed discussion of the best sources of high quality protein. We started with protein because you need protein to build muscle and to recover from your workouts – and because those of us in the Iron Game tend to be obsessed with protein and whether we're getting enough of it. We discussed the many benefits of grass-fed, grass-finished beef, pastured pork, and eggs from free-range, scratch in the dirt chickens.

In book two in the e-book series, we turned our attention to carbs. We covered green and leafy vegetables, starchy vegetables, and grains. We discussed gluten and gluten sensitivity. We reviewed the dangers of refined and processed foods. We looked at the benefits of organic vegetables and fruits compared to conventionally raised produce, and we even reviewed some gardening tips for those readers who want to try growing their own vegetables.

In this book, we're going to tackle two very important topics: (1) healthy and unhealthy fats, and why some fats are good for you and others are bad for you, and (2) how food and chemical allergies effect your life, your health and your training. And we'll give you some specific tips about how to implement a diet and nutrition program that takes these vitally important (but often neglected) issues into account.

As with our other e-books, we're going to bring you a rare combination of old and new material. We'll look at valuable but long-forgotten research that was done long before I was born (and I'm close to 60 years old as I type these words), and we'll look at some books and articles that had a huge impact many years ago, but which are now out of print, hard to find, and virtually ignored by most modern researchers, scientists and health and nutrition writers. And in addition to the older material, we'll look at recent research and what it tells us about the nature of a healthy diet.

As in my other e-books, I've included many live links to articles, books and other resources. In the case of books, these often take you to Amazon pages where you can purchase your own copy at a very reasonable price. You'll be able to build a complete personal library of reliable references on diet and nutrition at an extremely reasonable cost.

I've done my best to present this information in plain and simple terms. My goal is to cover each topic just the same as if we were seated at the dinner table here in my house, talking about good food and healthy eating while we tackle one of Trudi's wonderful home-cooked dinners. Of course, diet and exercise work together to build lifelong strength and health, so that wonderful home-cooked dinner would have been preceded by a hard workout in my garage gym.

So pull up a chair, and start reading – because we lots of important material to cover!

Brooks

  • Sales Rank: #983363 in eBooks
  • Published on: 2015-08-04
  • Released on: 2015-08-04
  • Format: Kindle eBook

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0 of 0 people found the following review helpful.
Five Stars
By Mor Sao
Great information without all the hype.

Thank you Brooks!

See all 1 customer reviews...

KNIFE, FORK, MUSCLE: Book III: HEALTHY AND UNHEALTHY FATS, FOOD ALLERGIES, AND CHEMICAL ALLERGIES - THEIR EFFECT ON YOUR TRAINING, YOUR HEA PDF
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Minggu, 12 Agustus 2012

[C225.Ebook] Fee Download Franny & Zooey, by Salinger J D

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Franny & Zooey, by Salinger J D

Original paperback from my friends High school days with his name scribbled on the title page.

  • Sales Rank: #2085563 in Books
  • Published on: 1961
  • Number of items: 1
  • Binding: Paperback

Most helpful customer reviews

161 of 171 people found the following review helpful.
Do it for the Fat Lady
By Guillermo Maynez
This book consists of two interrelated stories about members of the Glass family. These kids (seven of them if I remember well) are the children of a showbusiness family from New York and they used to be genius-kids who appeared on a radio show answering quizzes and philosophizing. Apparently the Glass kids had a special education in an ecumenical religiosity and philosophy, and their situation as whiz kids has led to emotional distress, much a-la Holden Caulfield but more illustrated. By the way, in terms of its central themes, this book could be said to be the closing of the full circle of Caulfield's story. The Glasses, just like Caulfield, are intelligent people, very frustrated with the inadequacies of life in general and the people who surround them. They are very neurotic in a New York way. They are angry because people aren't as intelligent as they should be, and because the ways of the world are not what reason and humanism tell us they should be. How to cope with it?

In the first story, Franny, a young college girl, arrives in New Haven (Yale) to be with her preppy and also intellectualizing boyfriend for a football weekend. They go to a cafe to have some food (and drinks and cigarettes). The story is simply the account of their talk. Salinger is one of the greatest masters of frenzied and fast dialogue, and it shows here. Franny is telling his boyfriend about all the phoniness of campus life, about the lunacy and presumptuosness of teachers and classmates. She tells him how she has read a book about a Russian monk who discovers a special Jesus prayer. If you repeat this prayer incessantly, it will become a part of you and repeat itself automatically, bringing you closer to grace and peace. The conversation starts getting out of hand as Franny gets carried away and as the boyfriend becomes rather estranged, until Franny collapses on her way to the restroom. When she wakes up, she is constantly whispering the Jesus prayer.

In the second story, Franny is at her parents' home in NY, recovering from her nervous breakdown. In a long talk with her brother Zooey (both of them being the youngest Glass children), they confront each other's traumas, weaknesses, genius and problems with the world. Zooey is also extremely talented and aware of the inadequacies of the world, but he seems to be in a (slightly) better emotional phase than Franny. The dialogue is moving, neurotic and masterful. After they argue rather violently, Zooey goes to another room and calls Franny pretending to be an older brother living away. In a further conversation Zooey forces Franny to understand that following a simple but futile recipe will not do the trick. The Jesus prayer is not enough: we have to accept the world as it is as well as the people around us. We can not be "catchers in the rhye". But we should live an ethical life, just because (which made me think of Kant's "categorical imperative"). As Seymour Glass, the eldest brother, once said to Zooey, sometimes you have to do things "for the Fat Lady", that is, just because it is the right thing to do, even if no one will notice.

"Frany and Zooey" is written in a lower key. It is unprententious, unlike its characters, but deep down it is about profound questions. How to cope with this mad world filled with people who are not bright nor good? Can you save the world? How to live? Yes, sometimes we have to do things we wouldn't like to do, but we have to do it, if only for the Fat Lady.

57 of 62 people found the following review helpful.
Salinger at His Finest
By K. Brown
Many Salinger fans, upon reading Franny and Zooey, are quick to draw comparisons to Catcher In the Rye. That was exactly what I did the first time I read this novel nearly twenty five years ago; but after several years of lauding Franny and Zooey as the pinochle of Salinger's work, it dawned on me that while there are angry or confused youngsters who feel like societal misfits in each novel, they come from such different worlds that comparing the two stories is just, well... apples & oranges.

What made Franny and Zooey more endearing to me was the family dynamics. In contrast to Catcher in the Rye's focus on Holden Caulfield's unhappiness as an individual, the nervous breakdown that Franny Glass suffers early in the story has more to do with being a member of the Glass Family than it does her individual anxieties. And unlike Holden, who is coping in the larger world, Franny suffers as a shut-in at the home she grew up in.

I believe that most people who have dealt with well meaning but misguided families will find themselves drawn toward this story. The Glass Family is one of the finest examples of a large and dysfunctional family (before it was cool to be dysfunctional), with an emotionally charged but diverse collection of grown children dealing with the complexeties of their upbringing.

The story focuses equally on Franny and her older brother Zooey. They are two youngest children in the Glass Family, raised by their parents and older siblings on vaudeville style entertainment, philosophy and intelligentsia. While Franny's breakdown seems a mystery to her and paralyzes her emotions, Zooey is pent up with anger and well too aware of the emotional wreckage their upbringing has left the Glass offspring to clean up. Feeling a bond with Franny as the two youngest children, Zooey wants to help his sister, but must first temper his rage and self destructive tendencies.

Going into much more detail would be an injustice to anyone who has yet to read this story. In my opinion, this is a classic story of twentieth century Americana. From Zooey's self loathing to the dialogue between him and his busy-body mother to Franny's aggravation with her boyfriend Lane, J.D. Salinger gives us a portrait of a family in crisis, unequaled until The Ramones recorded the dark comedic "We're a Happy Family" years later. And no, I'm not kidding! Gabba Gabba!

24 of 25 people found the following review helpful.
Changed my perception of Literature
By Jordan
Salinger's critics (including the honorable John Updike, jealous perhaps?) denounce Salinger's great love for his Glass Family. Others criticize the message of this novel, a transcendent,soaring message of hope and forgiveness. Maybe these traits are not popular with the traditionally cynical critic's circle, but the message and style of this novel have changed my life. These couple of stories are written so beautifully and subtley, while eliciting a strong, immediate emotional reaction in the reader. Franny is an extraordinary girl, but a universal enough character that I am continually able to identify with her and her struggles with sprituality and the phoniness of ego and self-centeredness. Salinger has encouraged me to start writing, to maybe convey some sort of simple truth through the written word. This book, like "Raise High.." and "Nine Stories," is mind bogglingly good. A masterpiece. Writer's should not be limited to the worldly, the material. Salinger dares to account for a greater force in our lives, and that's why we shine our shoes, even when we're on the radio.

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Sabtu, 11 Agustus 2012

[F535.Ebook] Get Free Ebook Practical Algorithms in Pediatric Endocrinology: (Practical Algorithms in Pediatrics. Series Editor: Z. Hochberg)From S. Karger

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Practical Algorithms in Pediatric Endocrinology: (Practical Algorithms in Pediatrics. Series Editor: Z. Hochberg)From S. Karger

A Karger 'Publishing Highlights 1890–2015' title
Algorithms provide a logical, concise and cost-effective approach to medical reasoning: utilizing a concise, step-by-step approach based upon clues from the history, physical examination and laboratory studies, algorithms help avoid excessive unnecessary procedures and testing. The 2nd, revised edition of Practical Algorithms in Pediatric Endocrinology deals with practical issues of child growth, puberty, diseases of the endocrine glands, sexual differentiation, as well as aberrations of water, electrolyte, mineral and carbohydrate metabolism. Fifty clinical issues are covered by an algorithmic approach, breaking down long lists and tables of differential diagnosis into smaller, more manageable ones. Common clinical symptoms, signs and laboratory abnormalities are classified as they present themselves at the patient's bedside. This book is aimed at general practitioners and pediatricians, in particular those who are not exposed to pediatric endocrine problems on a daily basis, and at trainees in endocrinology and pediatric endocrinology as they acquire familiarity with clinical problem solving to make rational choices when facing clinical dilemmas.

  • Sales Rank: #1177074 in Books
  • Published on: 2007-06-22
  • Original language: English
  • Number of items: 1
  • Dimensions: 10.90" h x .30" w x 8.40" l, .0 pounds
  • Binding: Spiral-bound
  • 112 pages

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Senin, 06 Agustus 2012

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Mountains Beyond Mountains, by Tracy Kidder

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Mountains Beyond Mountains, by Tracy Kidder

  • Sales Rank: #4726 in Audible
  • Published on: 2003-09-25
  • Format: Unabridged
  • Original language: English
  • Running time: 651 minutes

Most helpful customer reviews

0 of 0 people found the following review helpful.
My New Favorite Author
By Amazon Customer
One of the most interesting authors I have stumbled upon in years. I will forge through everyone of his books. I had to take a break from Tracy Kidder's books after reading this one because it gave me so much food for thought. I have not finished digesting his revelations of Paul Farmer. Tracy Kidder finds people that are worth reading about; those with dedication, drive, and the energy to follow through a personal dream. I am hoping to find a book of this caliber about a woman. I don't know if Kidder has written one, but I'm off for the hunt!

0 of 0 people found the following review helpful.
Strange Turn
By Ames
I was interested in the clinic and the troubles abroad, but the romance didn't interest me at all. It felt like halfway through the book we jumped to another person, a rich girl living her own life, and I just couldn't care less. I get that the point is to illustrate the full extent of the doctor's sacrifice - at the expense of his own personal life and love life - but this strange turn was lackluster. After what felt like 80 pages with no hope of release, I put down the book.

1 of 1 people found the following review helpful.
The story was good, but Dr Farmer did not engage me
By Rosemary Potter
The story was good, but Dr Farmer did not engage me. He irritated me.Another socialist who puts down the people and countries which have prospered, but will accept every last penny they can give him. Talk about biting the hand that feeds you!

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Sabtu, 04 Agustus 2012

[A505.Ebook] Download Valuing Wall Street: Protecting Wealth in Turbulent Markets, by Andrew Smithers, Stephen Wright

Download Valuing Wall Street: Protecting Wealth in Turbulent Markets, by Andrew Smithers, Stephen Wright

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Valuing Wall Street: Protecting Wealth in Turbulent Markets, by Andrew Smithers, Stephen Wright

Valuing Wall Street: Protecting Wealth in Turbulent Markets, by Andrew Smithers, Stephen Wright



Valuing Wall Street: Protecting Wealth in Turbulent Markets, by Andrew Smithers, Stephen Wright

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Valuing Wall Street: Protecting Wealth in Turbulent Markets, by Andrew Smithers, Stephen Wright

James Tobin's celebrated q ratio has predicted every major market top in the last century. Valuing Wall Street is the first comprehensive guide to apply this ratio to today's stock market -- and find Wall Street dangerously overvalued! It shows the reader how to calculate q, use it to predict when the market will plunge, and take protective steps before it's too late.

More than just a guide to q, however, Valuing Wall Street is a complete guidebook for protecting profits in turbulent markets. It provides timely information for all investors with too much of their savings tied up in equities, discussing:
-- How to decide which stocks to buy -- and when to stay on the sidelines
-- Which investments rate highest as solid alternatives to stocks
-- Best strategies for hanging on to gains during volatile times

  • Sales Rank: #911199 in Books
  • Published on: 2000-03-24
  • Original language: English
  • Number of items: 1
  • Dimensions: 1.40" h x 6.32" w x 9.31" l,
  • Binding: Hardcover
  • 352 pages

Amazon.com Review
"Most books about the stock market tell you how to make money. This one ... will show you how to avoid losing it," begins this smart, blunt, cautionary tale based on Nobel laureate James Tobin's 1969 "q ratio," which posits, among other things, that no matter how bullish a market gets, it's bound to snap back into place at some point--and those who don't brace for the reversal will feel its sting. The authors, one a prominent asset-allocation adviser and the other a former head of macroeconomic forecasting for the Bank of England, warn that it's only a matter of time before the overexuberant market of the early 21st-century topples like its counterparts in 1929 and 1968. Here they set out to show why and how this will happen--as well as to tell stockholders what they should and should not do if they want to emerge intact.

After making a cogent new argument in defense of the still-controversial q ratio, the authors show how it plays into principles of stock-market risk and return, how it has determined the value of Wall Street in the past and will continue to do so, and how to apply it as a practical investing tool. They do a neat job of parsing the good and bad news about stocks as a sound investment for the future, and of what to do and not do with one's money come the inevitable bear market. From there, they get down to the nitty-gritty of valuing the stock market, providing four key tests for any indicator of value and explaining how to fold in such factors as the dividend yield, the price-earnings ratio, the adjusted price-earnings multiple, yield ratios, and yield differences. They wrap up with a look at what they call "the q debate" among both economists and stockbrokers, and finally, they apply the q ratio specifically to the U.S. economy, rebuking Alan Greenspan's Federal Reserve for its role in what they see as the coming U.S. bubble burst.

With its plain English, helpful illustrated charts, vivid examples from history, and even the occasional employment of the likes of Alice in Wonderland to prove its points, Valuing Wall Street should be accessible to those with a working understanding of the market and economic principles. All told, this book is not so much a how-to as it is a theoretical forecast whose tidings investors might want heed as we near what Smithers and Wright warn are rough years ahead. --Timothy Murphy

Review
Analysts also believe the debate over stock market valuation will intensify in the weeks ahead thanks to the recent publication of two highly respected books that both forecast a coming bear market.

From the Back Cover

A Reality Check on Today's Stock Market��Including Easy-to-Follow Strategies for Protecting Your Assets.

"Wonderfully readable, this book's clear, direct logic borrows on Jim Tobin's concept of q to explain why the marvelous past is not only not prologue to perpetually higher and higher market valuations, but is the probable cuase of future returns being so small at best, and at worst, perhaps suddenly reversed."

��Charles Ellis, Managing Partner, Greenwich Associates

"Andrew Smithers is one of the five best, most dispassionate, erudite analysts in the world. This is a book to read and chew on."

��Barton Biggs, Global Investment Strategist, Morgan Stanley Dean Witter

"It takes a brave man to forecast the movement of the markets. But Andrew Smithers and Stephen Wright are the Cassandras of the New York Stock Exchange. Armed with an analysis based on q, the ratio between stock market prices and underlying capital value, they predict that the NYSE is facing a severe fall. They make their case clearly and forcefully. Investors should read and beware."

��Professor Charles Goodhart, Monetary Policy Committee, Bank of England

"Andrew Smithers & Stephen Wright make a powerful economic argument that the New York stock market is 'wildly overpriced,' with shares 'at ridiculous levels,' calculated by them using Nobel Laureate James Tobin's q, or the ratio of share price to net worth of companies, at 1 1/2 times."

��Professor Charles Kindleberger, Massachusetts Institute of Technology

"Smithers and Wright provide a guiding principle, based on theory, common sense and history, that should help all investors��professional or amateur��achieve better long run returns at much lower risk. The authors are currently serious bears; to pay attention to their case now could be the reader's most important financial decision."

��Jeremy Grantham, Grantham, Mayo, Van Otterloo

Most helpful customer reviews

110 of 110 people found the following review helpful.
Much better than Shiller's new book
By David Roth
Smithers and Wright have written a very compelling indictment of today's stock prices. They argue that prices are way too high by historical standards, and exhort us to SELL. This is the same conclusion reached by Yale Professor Robert Shiller in his new book "Irrational Exuberance"; however, Smithers and Wright are much more convincing.
Smithers and Wright use as a measure of valuation for stocks a statistic called "q" (or Tobin's q, named after Nobel laureate and Shiller colleague James Tobin). q represents the value of equities divided by the cost of replacing the underlying capital stock. So you might expect the stock market to be worth somewhere near q=1, where companies are worth what it cost to build them; historically, the average value of q is near 1.
Smithers and Wright show that changes in q and equity prices are almost identical, since the cost of replacing the capital stock changes so little. They also show that high values of q are associated with terrible subsequent returns. They show how a simple strategy of selling when q rises to 1.5 and buying again when q falls below 1 * trounces * a buy-and-hold strategy. And they top it all off by showing that today's level of q, around 2.5, is unprecedented. So SELL!
The reason the book is so much better than Shiller's is that Smithers and Wright give a coherent, fact- and theory-based argument for why q should be used to value stocks, not just P/E, stock earnings yield compared to bond earnings yield, or other popular measures. Shiller just used P/E and told us to sell due to today's high P/E; he did not even consider, not to mention try to debunk, other theories of valuation.
Smithers and Wright point out, for example, that in the early '30s, P/E was very high due to the depressed depression-era profits of companies, but that q was very low, providing the buy signal of a lifetime that would have been missed by looking at P/E alone.
The only negatives of this otherwise excellent book are: (1) Like most finance books, this one would gain from adding computations of after-tax returns, which shift us away from fancy trading strategies and towards buy-and-hold in taxable accounts. (2) They should admit that there are significant differences between today's economy and economies of the past. For example, in an economy such as ours where intellectual property is paramount and provides barriers to entry, firms' values may stay above the cost of replacing capital.

14 of 14 people found the following review helpful.
Entertaining, Readable, and Thought Provoking
By A Customer
This is far from the dry boring stuff that is usually written on finance. The authors produce an extremely convincing and logical argument that the stock market is overvalued. This is based on comparing Tobin's q to its long term average. Tobin's q is based on flow of funds data and hence overcomes the problem of looking at corporate data. They also discuss other valuation techniques and explain their strengths and weaknesses. The book is full of interesting insights. I particularly like an example they use to demonstrate the power of compund interest. A gem of a book and well worth reading what ever your view on the state of world equity market.

13 of 13 people found the following review helpful.
Buy and hold or buy and sell?
By misterbeets
Although there's plenty of evidence one cannot time the market short term--just look at managed portfolios compared to major stock indexes--that does not mean it's not possible over much longer cycles. The usual metric, P/E ratio, for measuring these cycles is occasionally wrong, like once or twice a century, e.g. if earnings are unusually small, as in the Depression. Better to use something similar to price-to-book value, "q". Averaging over all companies, and looking back over the last hundred years of market data, q tells you when stocks are overpriced more reliably than P/E. If you buy stocks at below average q and sell them when q is above average, you'll outperform a buy and hold strategy.

Of course, people already ignoring P/E are unlikely to be swayed by a refinement. That's why the second aspect of this book is important. It's one of few books that tells you *not* to own stocks now. It presents historical data--someone unfortunate enough to have entered the market just before the 1929 crash would have had to wait 25 years to catch up with an all bond portfolio--to show how bad an investment stocks can be.

Holding bonds until P/E returns to single digits, where it was at the start of the bull market in 1982, will never appeal to some people, but that's this book's advice in a nutshell.

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