Найти книгу: "The Permanent Portfolio. Harry Browne's Long-Term Investment Strategy"

An up close look at an investment strategy that can handle today's uncertain financial environment Market uncertainty cannot be eliminated. So rather than attempt to do away with it, why not embrace it? That is what this book is designed to do. The Permanent Portfolio takes you through Harry Browne's Permanent Portfolio approach—which can weather a wide range of economic conditions from inflation and deflation to recession—and reveals how it can help investors protect and grow their money. Written by Craig Rowland and Mike Lawson, this reliable resource demonstrates everything from a straightforward four-asset Exchange Traded Fund (ETF) version of the strategy all the way up to a sophisticated approach using Swiss bank storage of selected assets for geographic and political diversification. In all cases, the authors provide step-by-step guidance based upon personal experience. This timeless strategy is supported by more than three decades of empirical evidence The authors skillfully explain how to incorporate the ideas of the Permanent Portfolio into your financial endeavors in order to maintain, protect, and grow your money Includes select updates of Harry Browne's Permanent Portfolio approach, which reflect our changing times The Permanent Portfolio is an essential guide for investors who are serious about building a better portfolio.

Although new ventures’ competitive positioning and their founders’ social networks are both recognized as important in the context of transition economies, not much is known about their multiplicative effect on performance. We build on the strategic management literature and social network theory to develop theoretical predictions about the role of competitive strategies and social capital for entrepreneurial performance. These are tested with survey data from Bulgaria. We find that both the venture’s competitive strategic positioning and the founder’s networking positively influence performance. The hypothesized moderating effect of networking for the relationship between differentiation strategy and performance received only tentative support. Contrary to expectations, we find a negative moderating effect of networking for the relationship of cost leadership with performance. These results suggest that the entrepreneur’s network plays a role in shaping how strategies influence performance by possibly upholding differentiation and deemphasizing cost leadership strategy. Implications for managerial practice and public policy are discussed.

"Turning the envelope over, his hand trembling, Harry saw a purple wax seal bearing a coat of arms; a lion, an eagle, a badger and a snake surrounding a large letter 'H'." Harry Potter has never even heard of Hogwarts when the letters start dropping on the doormat at number four, Privet Drive. Addressed in green ink on yellowish parchment with a purple seal, they are swiftly confiscated by his grisly aunt and uncle. Then, on Harry's eleventh birthday, a great beetle-eyed giant of a man called Rubeus Hagrid bursts in with some astonishing news: Harry Potter is a wizard, and he has a place at Hogwarts School of Witchcraft and Wizardry. An incredible adventure is about to begin! Pottermore has now launched the Wizarding World Book Club. Visit Pottermore to sign up and join weekly Twitter discussions at WW Book Club.

"'There is a plot, Harry Potter. A plot to make most terrible things happen at Hogwarts School of Witchcraft and Wizardry this year.'" Harry Potter's summer has included the worst birthday ever, doomy warnings from a house-elf called Dobby, and rescue from the Dursleys by his friend Ron Weasley in a magical flying car! Back at Hogwarts School of Witchcraft and Wizardry for his second year, Harry hears strange whispers echo through empty corridors – and then the attacks start. Students are found as though turned to stone… Dobby's sinister predictions seem to be coming true. Pottermore has now launched the Wizarding World Book Club. Visit Pottermore to sign up and join weekly Twitter discussions at WW Book Club.

"'There will be three tasks, spaced throughout the school year, and they will test the champions in many different ways … their magical prowess – their daring – their powers of deduction – and, of course, their ability to cope with danger.'" The Triwizard Tournament is to be held at Hogwarts. Only wizards who are over seventeen are allowed to enter – but that doesn't stop Harry dreaming that he will win the competition. Then at Hallowe'en, when the Goblet of Fire makes its selection, Harry is amazed to find his name is one of those that the magical cup picks out. He will face death-defying tasks, dragons and Dark wizards, but with the help of his best friends, Ron and Hermione, he might just make it through – alive! Pottermore has now launched the Wizarding World Book Club. Visit Pottermore to sign up and join weekly Twitter discussions at WW Book Club.

"There it was, hanging in the sky above the school: the blazing green skull with a serpent tongue, the mark Death Eaters left behind whenever they had entered a building… wherever they had murdered…" When Dumbledore arrives at Privet Drive one summer night to collect Harry Potter, his wand hand is blackened and shrivelled, but he does not reveal why. Secrets and suspicion are spreading through the wizarding world, and Hogwarts itself is not safe. Harry is convinced that Malfoy bears the Dark Mark: there is a Death Eater amongst them. Harry will need powerful magic and true friends as he explores Voldemort's darkest secrets, and Dumbledore prepares him to face his destiny… Pottermore has now launched the Wizarding World Book Club. Visit Pottermore to sign up and join weekly Twitter discussions at WW Book Club.