Book Bits | 1 November 2014

Dual Momentum Investing:
An Innovative Strategy for Higher Returns with Lower Risk

By Gary Antonacci
Review via Alpha Architect
If there is such a thing as a momentum investing “guru,” Gary Antonacci is that guru. He’s run the blog for a number of years, and has now published a book, “Dual Momentum Investing: An Innovative Strategy for Higher Returns with Lower Risk”, that synthesizes his wide experience in momentum investing into a single approach, and makes it available to the investing public.

The Liar’s Ball:
The Extraordinary Saga of How One Building Broke the World’s Toughest Tycoons

By Vicky Ward
Review via NY Post
It was the most prized real-estate trophy in New York, and it sparked the most expensive and nastiest bidding war ever seen. Now Ward tells the down and dirty tale of the coveted GM building. Built in the go-go ’60s and covering the most valuable block in the city — 58th to 59th between Fifth and Madison — the building broke real-estate records when it sold for $1.4 billion in a battle involving Donald Trump and Harry Macklowe.

The New Trading for a Living:
Psychology, Discipline, Trading Tools and Systems, Risk Control, Trade Management

By Alexander Elder
Summary via publisher (Wiley)
The New Trading for a Living updates a modern classic, popular worldwide among both private and institutional traders. This revised and expanded edition brings time-tested concepts in gear with today’s fast-moving markets, adding new studies and techniques for the modern trader. This classic guide teaches a calm and disciplined approach to the markets. It emphasizes risk management along with self-management and provides clear rules for both. The New Trading for a Living incudes templates for rating stock picks, creating trade plans, and rating your own readiness to trade. It provides the knowledge, perspective, and tools for developing your own effective trading system.

Liar’s Poker: Rising Through the Wreckage on Wall Street (25th Anniversary Ed.)
By Michael Lewis
Interview with author via Charlie Rose
Michael Lewis discusses the 25th anniversary edition of Liar’s Poker.

The Global Expatriate’s Guide to Investing:
From Millionaire Teacher to Millionaire Expat

By Andrew Hallam
Summary via publisher (Wiley)
Most of the world’s 200 million expats float in stormy seas. Few can contribute to their home country social programs. They’re often forced to fend for themselves when they retire. The Global Expatriate’s Guide to Investing is the world’s only book showing expats how to build wealth overseas with index funds. Written by bestselling author, Andrew Hallam, it’s a guide for everyone, no matter where they are from.

The Specter of Capital (Cultural Memory in the Present)
By Joseph Vogl
Summary via publisher (Stanford Unviversity Press)
In his brilliant interdisciplinary analysis of the global financial crisis, Joseph Vogl aims to demystify finance capitalism—with its bewildering array of new instruments—by tracing the historical stages through which the financial market achieved its current autonomy. Classical and neoclassical economic theorists have played a decisive role here. Ignoring early warnings about the instability of speculative finance markets, they have persisted in their belief in the inherent equilibrium of the market, describing even major crises as mere aberrations or adjustments and rationalizing dubious financial practices that escalate risk while seeking to manage it.

The Cambridge History of Capitalism (2 Volume Set)
Edited by Larry Neal and Jeffrey Williamson
Review via The Economist
Ancient capitalism was a distant varietal. In ancient Greece income grew at between 0.07% and 0.14% per year—outstanding by the standards of all but the past three centuries. Manufacturing took place on a small scale. Though capital occasionally meant machinery—waterwheels, for example—technology was not systematically applied to production. Most capital was held in the form of land and slaves.