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  <title><![CDATA[Cocktail Economics: Discovering Investment Truths from Everyday Conversations]]></title>
  <isbn><![CDATA[0132432730]]></isbn>
  <isbn13><![CDATA[9780132432733]]></isbn13>
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  <default_description>What can moonshine, mountain climbers, power plants, salmon, football players, and well-known celebrities teach you about investing? More than you ever imagined!   Through entertaining, easy-to-understand anecdotes, analogies, and examples, Canto reveals why the most successful investment strategies reflect a balance of active and passive approaches. You'll learn how to 'read' economic cycles, identifying the specific asset classes most likely to outperform in tomorrow's business environment. Construct and optimize your winning investment plan, step-by-step, from start to finish! &lt;B&gt;MAKE HAY WHILE THE SUN SHINES&lt;/B&gt; &lt;P&gt;The case for predicting, forecasting, and timing&lt;/P&gt; &lt;P&gt;&lt;B&gt;PASSIVE INVESTING? ACTIVE INVESTING? NO. &lt;I&gt;BOTH.&lt;/I&gt; &lt;/B&gt;&lt;/P&gt; &lt;P&gt;Why you need to take both sides in the never-ending debate&lt;/P&gt;&lt;P&gt;&lt;B&gt;ELASTICITY: CATCH IT IF YOU CAN&lt;/B&gt;&lt;/P&gt; &lt;P&gt;Putting industry behavior to work for you&lt;/P&gt; &lt;P&gt;&lt;B&gt;CALIFORNIA&lt;/B&gt;&lt;B&gt;, FRANCE, AND THE 'LOCATION EFFECT'&lt;/B&gt;&lt;/P&gt; &lt;P&gt;Investing internationally in the age of globalization&lt;/P&gt; &lt;P&gt;&lt;B&gt;TURN -SMOKE- INTO -SIGNALS-&lt;/B&gt;&lt;/P&gt; &lt;P&gt;Making the most of publicly available price data&lt;/P&gt; &lt;P&gt;&lt;B&gt;YOUR PORTFOLIO VS. THE GOVERNMENT&lt;/B&gt;&lt;/P&gt; &lt;P&gt;Anticipating and responding to regulations and taxation&lt;/P&gt; &lt;P&gt;&lt;B&gt;TILT TOWARD SUCCESS, ONE STEP AT A TIME&lt;/B&gt;&lt;/P&gt; &lt;P&gt;Build your benchmark portfolio, then optimize it for changing environments&lt;/P&gt;  &lt;P&gt;Victor Canto reveals exactly how the economy affects markets and how to 'read' business cycles so you can profit from every shift in the business cycle. Among the topics covered: investing internationally in the age of globalization; transforming price data into usable market &quot;signals&quot;; anticipating the impact of regulations and taxation; and more. From start to finish, Canto's focus is practical, and his focus is simple: outstanding investment results.&lt;/P&gt;</default_description>
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  <original_publication_day type="integer">17</original_publication_day>
  <original_publication_month type="integer">5</original_publication_month>
  <original_publication_year type="integer">2007</original_publication_year>
  <original_title>Cocktail Economics: Discovering Investment Truths from Everyday Conversations</original_title>
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  <url><![CDATA[http://www.goodreads.com/book/show/1164367.Cocktail_Economics_Discovering_Investment_Truths_from_Everyday_Conversations]]></url>
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        <author id="56960">
      <name><![CDATA[Victor A. Canto]]></name>
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      <url><![CDATA[http://www.goodreads.com/author/show/56960.Victor_A_Canto]]></url>
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  <date_updated>Sat Apr 04 11:48:29 -0700 2009</date_updated>
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    <body><![CDATA[An excellent counterargument to the random walk theory as proposed by <a href="http://www.goodreads.com/book/show/900892.A_Random_Walk_Down_Wall_Street_Completely_Revised_and_Updated_Edition" title="A Random Walk Down Wall Street  Completely Revised and Updated Edition by Burton G. Malkiel">A Random Walk Down Wall Street</a>, but yet maintains compatibility with its teachings.<a href="http://www.goodreads.com/review/show/26526904">more...</a>]]></body>
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  <date_added>Wed Sep 24 11:12:33 -0700 2008</date_added>
  <date_updated>Wed Sep 24 11:12:34 -0700 2008</date_updated>
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  <date_added>Thu Apr 10 14:47:34 -0700 2008</date_added>
  <date_updated>Thu Apr 10 14:47:52 -0700 2008</date_updated>
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