Subscribe RSSThe book's first few chapters cover a fact that often gets lost in the din of technical trend following and macro-economic predictions: underneath a stock is a business, and the outcome of that business determines the outcome for an investment in its stock, over the long run. Skonieczny lays out briefly what a business is, and then talks about how a business creates wealth for its owners. For companies listed on public exchanges, those owners are stock investors. I liked how the book follows the passe example of a lemonade stand, starting out with "why start the stand"? The answer, of course, is to earn a better return on investment capital that can be achieved through alternatives like a savings account. The author then goes through factors that can erode these returns on capital, particularly competition, and how having an economic moat protects against this.
Book Review: Why Are We So Clueless about the Stock Market?
Feb 02, 2010NEW BATCH OF DISCOUNTED BOOKS (NCBOOKZ.COM)
WE ARE AT NCBOOKZ WITH AZ THANKS AGAIN FOR VISITNG WE WILLPOST NEW BOOKS AS THEY COME IN SO YOUCAN SEE BEFORE YOU BUY ALL OUR BOOKS ARE NEW BUT AT ...
The Patagonia (Penny Books)
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Work by the prolific American-born author and literary critic of the late 19th and early 20th centuries. He spent much of his life in Europe and became a British subject shortly before his death. He is primarily known for novels, novellas and short stories based on themes of consciousness and morality.-----------------------------------------------------------------
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Amazon bows to publisher pressure
Last week Amazon was forced to remove thousands of e-books from it’s US site after one of the 6 biggest book publishers in the world, Macmillan announced that they wanted the ebook prices to be significantly raised from the current standard of $9.99
This week Amazon has caved into the pressure from Macmillan and has now re-instated the ebooks at these inflated prices, between $12.99 and $14.99 for most hardback releases. According to this new agreement the publisher will be able to set the final retail price between the $12.99 and $14.99 figure. In addition the revenue share has been changed to a 70:30 share in favour of the publishers.
This is a completely unprecedented move by Macmillan, as publishers usually set a “reccomended retail price” and the merchant sets their final price after this, for a publisher to set the actual final price is quite frankly unrealistic and unmarketable in the long term.
In a time when the new emergent ebook format needs every help it can get to gain a foothold share of the book market, this move is likely to harm uptake of ebooks significantly, especially as consumers can actually find a hardback book in a sale cheaper than the equivalent ebook.
From a consumers standpoint, the saving an ebook has over it’s physical counterpoint should be passed on, but is that realistic, and just how much of the cost of a novel actually goes into the typesetting, editing, binding/printing, artwork and distribution?
There are a number of articles around the web that have looked into this, and the prices and percentages do vary with each report however they all share the commonality that ebooks should be lower priced than they currently are for the major ebook publishers.
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