Heads I Win Tails I Win

INVESTING IS ONE OF THE FEW AREAS IN LIFE WHERE EVEN VERY SMART PEOPLE LET HOPE TRIUMPH OVER EXPERIENCE According to Wall Street Journal investing colum­nist Spencer Jakab, most of us have no idea how much money we’re leaving on the table—or that the average saver doesn’t come anywhere close to earning the “average” returns touted in those glossy brochures. We’re handicapped not only by psychological biases and a fear of missing out, but by an industry with multimillion-dollar marketing budgets and an eye on its own bottom line, not yours. Unless you’re very handy, you probably don’t know how to fix your own car or give a family member a decent haircut. But most Americans are expected to be part-time fund managers. With a steady, livable pension check becoming a rarity, we’ve been entrusted with our own finances and, for the most part, failed miserably. Since leaving his job as a top-rated stock ana­lyst to become an investing columnist, Jakab has watched his readers—and his family, friends, and colleagues—make the same mistakes again and again. He set out to evaluate the typical advice people get, from the clearly risky to the seemingly safe, to figure out where it all goes wrong and how they could do much better. Blending entertaining stories with some sur­prising research, Jakab explains ·How a typical saver could have a retirement nest egg twice as large by being cheap and lazy. ·Why investors who put their savings with a high-performing mutual fund manager end up worse off than if they’d picked one who has struggled. ·The best way to cash in on your hunch that a recession is looming. ·How people who check their brokerage accounts frequently end up falling behind the market. ·Who isn’t nearly as good at investing as the media would have you think. He also explains why you should never trust a World Cup–predicting octopus, why you shouldn’t invest in companies with an X or a Z in their names, and what to do if a time traveler offers you eco­nomic news from the future. Whatever your level of expertise, Heads I Win, Tails I Win can help you vastly improve your odds of investment success.

Conventional financial mindsets are failing too many people. We save, invest, and borrow the way Wall Street, banks, and the financial media tell us, but we are left unprepared for market losses, financial hardships, and retirement. The rules of money and financial well-being have changed, and those who follow them are achieving staggering results. In Heads I Win, Tails You Lose, CEO and financial strategist Patrick Donohoe shows you how to embrace a new way of thinking, sharing with you financial secrets used by the wealthy to navigate the rapidly changing economy as well as financial options to help you win no matter what and reach the true American Dream: financial freedom. Discover a new method of managing your money outside of Wall Street using private mutual insurance companies who are redefining themselves as the heroic steward of American savings to prosper a new generation of wealth-building tools and techniques. With this book, you will learn the financial strategies that typical advisors, typical financial planners, and the financial media don't dare give--advice that will empower you to take back your financial future, exit the rat race, and live a life you love.

A young girl embarks unknowingly on a dangerous regime to lose weight while her parents are absorbed in marital difficulties.

Heads You Win is international #1 bestseller Jeffrey Archer’s most ambitious and creative work since Kane and Abel, with a final twist that will shock even his most ardent of fans. Leningrad, Russia, 1968: From an early age it is clear that Alexander Karpenko is destined to lead his countrymen. But when his father is assassinated by the KGB for defying the state, Alexander and his mother will have to escape Russia if they hope to survive. At the docks, they have an irreversible choice: board a container ship bound for America or one bound for Great Britain. Alexander leaves the choice to a toss of a coin... In a single moment, a double twist decides Alexander’s future. During an epic tale, spanning two continents and thirty years, we follow Alexander through triumph and defeat as he sets out on parallel lives as Alex in New York and Sasha in London. As this unique story unfolds, both come to realize that to find their destiny they must face the past they left behind as Alexander in Russia.

The goal of this book is to showcase the beauty of mathematics as revealed in nine topics of discrete mathematics. In each chapter, properties are explored through a series of straightforward questions that terminate with results that lie at the doorstep of a field of study. Each step along the way is elementary and requires only algebraic manipulation. This frames the wonder of mathematics and highlights the complex world that lies behind a series of simple, mathematical, deductions. Topics addressed include combinatorics, unifying properties of symmetric functions, the Golden ratio as it leads to k-bonacci numbers, non-intuitive and surprising results found in a simple coin tossing game, the playful, trick question aspect of modular systems, exploration of basic properties of prime numbers and derivations of bewildering results that arise from approximating irrational numbers as continued fraction expansions. The Appendix contains the basic tools of mathematics that are used in the text along with a numerous list of identities that are derived in the body of the book. The mathematics in the book is derived from first principles. On only one occasion does it rely on a result not derived within the text. Since the book does not require calculus or advanced techniques, it should be accessible to advanced high school students and undergraduates in math or computer science. Senior mathematicians might be unfamiliar with some of the topics addressed in its pages or find interest in the book's unified approach to discrete math.

A comprehensive value investing framework for the individual investor In a straightforward and accessible manner, The Dhandho Investor lays out the powerful framework of value investing. Written with the intelligent individual investor in mind, this comprehensive guide distills the Dhandho capital allocation framework of the business savvy Patels from India and presents how they can be applied successfully to the stock market. The Dhandho method expands on the groundbreaking principles of value investing expounded by Benjamin Graham, Warren Buffett, and Charlie Munger. Readers will be introduced to important value investing concepts such as "Heads, I win! Tails, I don't lose that much!," "Few Bets, Big Bets, Infrequent Bets," Abhimanyu's dilemma, and a detailed treatise on using the Kelly Formula to invest in undervalued stocks. Using a light, entertaining style, Pabrai lays out the Dhandho framework in an easy-to-use format. Any investor who adopts the framework is bound to improve on results and soundly beat the markets and most professionals.

Eighth grader Willie asks for God's forgiveness when he neglects his friends in order to win a coin collecting contest.