Book Description
In this bestselling classic of financial management, G. Bennett Stewart, III, raises and answers these provocative questions:
- Do dividends matter?
- Are earnings per share really accurate measures of corporate performance?
- What is the engine that really drives share prices?
More than that, Stewart lays the foundation for EVA
r, the financial management and incentive system now in place at nearly 300 companies around the world, and which is rapidly becoming the global standard for corporate governance.
Managers, confused about what investors really want, often find it difficult to reach informed decisions regarding business strategy, acquisitions and divestitures, financial structure, dividend policy, and executive compensation. But now an EVA
r -based revolution is providing a practical framework that managers can use to build a premium-valued company. At the forefront of this revolution is the consulting firm of Stern Stewart & Co., of which G. Bennett Stewart, III, author of The Quest for Value, is senior partner and cofounder.
The Quest for Value is written for senior management, key operating people, and planning and financial staff. This bible of financial management will assist managers in goal setting, resource allocation, strategy development, valuation of acquisitions, financial policy setting, incentive compensation planning, and building shareholder value.
The Quest for Value cuts sharply through the myths that to this day misinform corporate strategists in their pursuit of shareholder value. Laying waste to inaccurate yet widely used methods of performance, Stewart demonstrates how the Stern Stewart EVA
r approach not only creates greater shareholder value but also provides a powerful framework for the broadest range of corporate decision making.
Customer Reviews:
Excellent Resource on How to Deliver Results for Your Clients.......2007-01-06
When selling, it is easy to fall into the trap of talking price or comparing yourself to your competitors. The Quest for Value illustrates how you can quantify delivering value to your clients. Listen to their needs and use your product or service to deliver a solution for those needs. You can use EVA as a method to define the solution for your customers by quantifying the benefit. You will earn your client's respect without having to lower price or fall into roadblocks set by your competitors.
Relatively little new or noteworthy.......2003-06-26
Many of the concepts in this book have been described and used by successful investors such as Graham in the 30s, Buffett's adaptation of Graham's ideas in the 70s and 80s, and the more recent breed of Intrinsic Value-driven investors who garner wide respect today. New terms are introduced with great fanfare when they often are simple rearrangements of well-known formulas (taking the inverse of a ratio somehow gives you a radically new insight?). It seemed to me that the major contribution of the author is a new set of acronyms.
Claims about how failing companies turned around into successes because they adopted EVA are not sufficiently supported. Those turnarounds could have happened for any of many other reasons. The claims would be believable if they were well supported with facts and deeper analysis. As they are, they detract from the overall quality of the book and raise questions about other claims made in it. At times the author's tone is condescending, as if we can all assume his statements don't need proof!!
The book could function as a fair reference but as most other reviewers have noted, there is no index, and the table of contents is about half a page! This is particularly difficult because the discussions of important concepts are somewhat spread about in the book.
On the positive side, the author's focus on return on capital is good and the reasoning well stated and easy to understand. By the same token, his discussions of what provides true value to the investor (and business manager) is good. But these are not very original. Either the book should have been about one-fourth as long, or the examples the author used to justify EVA should have been much more thoroughly developed.
A Valuable Investment.......2003-02-03
In not possessing a Finance or Accounting background, I have found it extrememly difficult to find a book that can guide me from the very basics of corporate valuation through to the complexities inevitable in any such subject.
However I would urge any potential customer (either financially astute or a beginner like myself) who is genuinely interested in Value, to look no further than "The Quest for Value".
The key resides in the style (fully informative yet at times conversational / humorous), the content (rich in depth and explanation) and finally the extensive case studies and "war stories" that bring Valuation fully to life.
You dont have to be an accountant or corporate finance practioner to understand and apply the fundamental principles of EVA - in fact as the author sometimes alludes to, not possessing this background is perhaps a distinct advantage.
Investing in this Quest with Stern Stewart as my guide has helped me enormously.
A Valuable Investment.......2003-02-03
In not possessing a Finance or Accounting background, I have found it extrememly difficult to find a book that can guide me from the very basics of corporate valuation through to the complexities inevitable in any such subject.
However I would urge any potential customer (either financially astute or a beginner like myself) who is genuinely interested in Value, to look no further than "The Quest for Value".
The key resides in the style (fully informative yet at times conversational / humuorous), the content (rich in depth and explanation) and finally the extensive case studies and "war stories" that bring Valuation fully to life.
You dont have to be an accountant or corporate finance practioner to understand and apply the fundamental principles of EVA - in fact as the author sometimes alludes to, not possessing this background is perhaps a distinct advantage.
Investing in this Quest with Stern Stewart as my guide has helped me enormously.
Maybe it is the key of the ývalueý and ýinvestmentý........2002-01-17
After getting my MBA 1995, I have read so many books discussing about value and investment, I recommend, however, that The Quest For Value is the one you must read. The reasons:
First, few books put the two topics (value, investment) in one theoretical system. Even the books or articles about "value investment" can be separated into two categories: these about "investment art", talking about, or written by investment experts (who's names on the Money Master and New Money Master); the other about the "valuation scientific methods". People talked about value investment ideas by totally separated way, the art, or the science.
Second, too many books discuss value investment by this way: "it is the one... (maybe earning, or cash flow, or working capital,) but..., or, if....,". So the investor become a boxer, who need professional speed and energy to quickly switch his positions and punch among the keep coming "but", "if" from either accounting or reality. Contrary to my boxer's inspiration, my best friend in business school told me: "Warren Buffett must have one secret point he never told anybody". I think the secret he means is what is "one dollar", and what is "forty cents", if buy low sell high is the plan. Haven't our two foolish business school students told you everything about the "modern" market efficiency and inefficiency theories?! I know value investment masters will feel sad for this kind of coming value investment young villagers. Anyway, besides the "professional strong" and the "superstition power" from the point of ours, is there a rational point to support the leverage of investment art.
The third, value investment is always about two aspects: the business and the management. From Fillip Fish's buy and hold sticky strategy to Peter Lnych's traveling and talking around the world, to Warren Buffet's appreciation: "he (the CEO) is this kind of person, you can marry your daughter to him", investment is about to invest, or to marry with, the management team. But, we need the handsome's picture.
The Fourth, what kind of morality standards fits Wall Street's social position. Probably, people don't have time to talk about good or bad, when the regulation of a game is win or loss. However, if you are playing NBA, your morality, personality, even image are kind of money at least, aren't they? Even you just doing exercise in your backyard, at least don't forget another possibility: win-win.
If you have this kind of questions, you must read this book. The author's capital efficiency view and five categories of business accordingly put the "value" and the "investment" two topics into one system to discuss.
And, The Economic Value Added (EVA) investment method is independent from the any accounting system. The accounting system as a standard record of business activities is only an object of study, criticize or judgment for investment decision but not a constriction of decision mine field. Contrary to "but" "if" talking, this book puts everything on this way: it is the one (EVA), so you should....
Additionally, to look for a good management maybe, for investor, can become to create of good management teams. This topic you can read EVA and Value-Based Management by Mr. Young and O'Byrne for further study.
Finally, the meaning of investment probably is not just NBA's win or loss. It is about to add or to damage (or even worse, to steal maybe) the social wealth according to EVA theory.
Interesting? Plus the author's good logic and good case study! The only lack of this book to me is that the Capitan Case only has one. After finishing the Capitan Case at the end of the book, I wish there were other four cases for the other four categories of business accordingly (If you know where I can read that, please let me know...).
There already been so many, so different opinions about this book on this site. While, if investment is art, according to Peter Lynch, or is a project, according to Charles Ellis, then any theory or method is just a kind of tool or weapon. So it will depend on the person, so it will depend on everything. I myself start the second reading after the first. I am going back to Main China pretty soon to do Investment Banking business, probably focus on LBO, and I will keep reading this book, talking about this book, and trying to imply this book. I think that I owe amzon.com a customer's view since I have got so much helps from others' views, so I recommend this book to you: If you have been so patient to read my view to here, you need read that book. Good Luck :)
Average customer rating:
- a must have book
- Reviewed by Barb Radmore
- Senior Organizer - Life-Saving Tool
- Well Designed Organizational Tool
- The Senior Organizer
|
The Senior Organizer: Personal, Medical, Legal, Financial
Dorothy Breininger ,
Lynn Benson , and
Debby Bitticks
Manufacturer: HCI
ProductGroup: Book
Binding: Paperback
 General
| Aging
| Personal Health
| Health, Mind & Body
| Subjects
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General
| Self-Help
| Health, Mind & Body
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General
| Health, Mind & Body
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General
| Finance
| Accounting & Finance
| Professional & Technical
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Book Description
No more digging through files! The Senior Organizer is an all-in-one workbook for a senior's vital information: personal, medical, legal and financial. Do You Want To: Save thousands of dollars in legal and accounting fees? Be equipped with all the information you might need in a financial crisis? Have all your questions prepared for your next doctors appointment? Know how to save time and energy replacing vital documents? Be prepared for a medical emergency? The Senior Organizer is designed to help seniors or their loved ones assemble all their vital documentation and information in one simple, easy-to-access format. The book will provide peace of mind and supply categorized knowledge that will enable seniors to answer important questions and handle crucial responsibilities with efficiency and certainty at times when every minute counts.
Customer Reviews:
a must have book.......2007-04-04
Reviewed by Debra Gaynor for Reader Views (3/07)
"The Senior Organizer" is a vault of information that will help in times of crisis. This book should be completed while "you are healthy and strong so you can get peace of mind, knowing that you're organized and equipped to handle all situations." None of us know what lies ahead. Accidents and illnesses come when least expected. Once filled out this book will contain essential information that will assist you or someone you love when need arises.
"This book should be filled out in pencil so that it can be updated as need."
There are two parts to "The Senior Organizer." Part one contains personal and medical information. There is a place to list prescription, pharmacy, and herbal medicines. There is a place to record doctor visits. How many times have you gone to the doctor and they want a medical history? There are specific pages to keep a record of this. There are pages to record insurance information. We each have a daily routine but does anyone else know our routine? There is a place to record you routine.
Part two contains legal and financial information. There are certain pages that should be kept confidential. Those pages should be removed from the book or copied before filling them out and copies kept in a secure location.
"This is an all-in-one-source of personal, medical, religious, legal and financial information that can save you time and money and maybe your life."
"The Senior Organizer" by Debby S. Bitticks, Lynn Benson, and Dorothy K. Breininger is a must for everyone, not just seniors. I think filling out this is the most important thing you can do for a loved one. I was impressed that the authors even included a section for the names, address and phone numbers of friends. I intend to use this book and to purchase at least three more - one for my husband and one for each of my parents. I highly recommend this book to everyone; you never know when the need for this information may arise.
Reviewed by Barb Radmore.......2007-03-19
As our population ages it has created a whole new market for items related to care of the elderly. The Senior Organizer was written for just this target audience- the elderly and the family members who care for them.
At first glance The Senior Organizer seems too basic for publication. It appears to be a book of fill in the blank forms. And, on closer examination, that is what the book really contains. But the beauty of the book, and what makes it a great investment, is its absolute comprehensiveness.. The authors have thought of every possible aspect of life that need tobe tracked, organized and maintained. The sections are personal,/medical and legal/financial. They include everything from forms to fill out on all medicines, eye glasses and doctors to where in a house the emergency shut off items are. It is impossible to think any information that is not covered. If a family takes the time to thouroughly fill out each form, they will be ready for any situation. Ideally, every family should have a copy of this book and its forms completed in case of an emergency. While it was created for the elderly it is a great organizational tool for every adult, regardless of age.
The Senior Organizer can be ordered as a bound paperback or as a set of 3 binders. but, by using the access code listed in the book, readers can download and reproduce as many copies of the forms as needed. That is definately a huge bonus for this publication. The download requires personal information but site assures it will not misuse the data given.
Senior Organizer - Life-Saving Tool.......2006-10-18
The Senior Organizer is an all encompassing A to Z guide of all the information anyone would ever need to collect regarding the ins and outs of any senior's life. Everything is covered. This guide will help you gather life-saving and personal info with regards to your senior. Bravo to the authors for providing us with all the essential questions to ask - I wouldn't have known where to start! I achieved great peace of mind knowing all there is to know about my Mother from her health care needs and her daily life, right the way through to her last wishes. My mother is also comforted by the fact that I know all there is to know about what is going on in her life. Every household needs this incredible book - we owe it to our loved ones.
Well Designed Organizational Tool.......2006-06-03
I am a legal aid attorney who spends alot of time helping seniors and am also the as owner of an online medical supply and equipment business. So many of the seniors I talk to struggle to locate important information and documents. This can often add confusion and stress to many of the difficult issues seniors already have to face. This book can help enormously and is an excellent, well designed organizational tool. It will save time and offer peace of mind to seniors and those who help care for them.
The Senior Organizer.......2006-04-24
This workbook provides forms to record any piece of vital information that you could possibly need to keep track of. Or you can write down where you keep an important document so that your family knows where it is in a medical emergency. After the whole Terry Shrivo thing we wanted to make sure we were prepared for anything!
Customer Reviews:
Amazingly comprehensive and well-written.......2001-05-04
This hardcover volume is one of the most thorough and informed discussions you're likely to find on legal issues affecting the elderly. The authors, who are both elder law attorneys, begin with a quote from Milton Berle: "I've got enough money for the rest of my life, unless I want to buy something." They wrote the book, the authors say, to give readers "more than a punchline" with which to face their future. After reading it, you'll be able to face your future as something of an expert yourself.
Peter Strauss and Nancy Lederman dispassionately lay out rights and legal options so that readers can make decisions now regarding their health care, retirement income and living arrangements in later years. While expected topics like Medicare, Medicaid, and Social Security are well covered, the authors address sometimes neglected areas, such as choosing a hospital, obtaining home care, and planning for a disabled child. The book features a particularly comprehensive section on "Meeting Your Housing Needs" that includes discussions of rental assistance, reverse mortgages, and adult living communities.
For all its detail, The Elder Law Handbook is clearly and engagingly written and benefits from frequent section breaks. And although it is intended for the layperson, it could be of use to professionals seeking general information on areas of elder law. The Handbook was published in 1996, so a few rules and regulations have undoubtedly been tweaked since its writing. The book ends with a helpful and comprehensive resources section.
Every adult should read it........1999-06-17
Easy to read and follow. Not just for seniors. Recommend it for all ages. Concise and to the point. Up-to-date with great resources in appendix.
The best guide in this topic I have seen!.......1999-04-25
Possibly the best legal guide of any type I have seen. It's hard to believe that this is written by a LAWYER because it's actually easy for a regular person to understand. Highly recommended!!
Book Description
AMERICAN GUIDANCE FOR SENIORS ... AND THEIR CAREGIVERS is a guide to the many programs and services available FREE to the elderly and retirees. This 560-page large-type reference work explains Social Security, Medicare, Medicaid, Railroad Retirement and other complex entitlement programs in plain English. It shows how to obtain home care, food stamps, SSI, legal and tax assistance, health insurance and veterans entitlements. Addresses and phone numbers are included for quick reference. In addition, AMERICAN GUIDANCE focuses on the important "lifestyle" issues such as care for the elderly -- nursing homes, hospice and more -- and even offers compassionate advice on funerals and preparing for death. You'll find helpful advice on employment for the elderly, generic drugs, health and medication, consumer rights and much more. AMERICAN GUIDANCE is the single one-stop reference book -- not only for the elderly themselves, but for families and friends who suddenly have t! he burden thrust on them of caring for an elderly person. Not sure where to turn? Turn to AMERICAN GUIDANCE.
Average customer rating:
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The Financial Abuse of Seniors
Manufacturer: California Attorney General's Office
ProductGroup: Book
Binding: Pamphlet
ASIN: B000GDMEJG |
Product Description
From Crime and Violence Prevention Center. Contents has 9 sections and 11 subsections--a few sections at random: "Prizes, Lotteries and Sweepstakes Scams ... Home Improvement Scams ... Family, Friends and Caregivers ... How to Report Abuse ..."
Average customer rating:
- Sage Advice for Shoestring Retirement
- Another enjoyable and helpful read from Mr. Howells
- Great Overview on Retirement
- An excellent retiree's bible filled with practical info.
|
Retirement on a Shoestring, 4th
John Howells
Manufacturer: Globe Pequot
ProductGroup: Book
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Book Description
Retirement can be a time to travel, volunteer, or do nothing at all. Unfortunately, not everyone has a company pension or a profitable investment portfolio to support their plans for the retirement years. For many, the main source of retirement dollars will be Social Security benefits. Retirement on a Shoestring explains how to maximize your retirement income and enjoy these years in comfort. John Howells, a nationally recognized expert on retirement living, discusses up-to-date information on such topics as affordable housing, medical care, recreational and cultural opportunities, and senior services. This essential guide provides all the tools for enjoying an affordable, active, and safe retirement. Look inside for strategies on tapping equity, finding a retirement job, trimming utility bills, thriving as a single, mobile home and RV living, continuing education and much more. (5 1/2 x 8 1/2, 206 pages, charts)
Customer Reviews:
Sage Advice for Shoestring Retirement.......2007-03-01
This informative book contains invaluable advice on retirement options for those with cash-flow worries. Speaking to folks like me, Howells knows just what the hot buttons are, and how to address them. I found helpful information in every chapter. Howells does not waste any time getting to the heart of retirement issues for limited income folks who rarely receive any due in most publications. Not all retirees have investment income and golden parachutes! Highly recommended reading!
Another enjoyable and helpful read from Mr. Howells.......2005-08-22
I'm not looking to retire anytime soon (I'm 50) but really enjoyed this particular book, as it's given me much to think about. I like his down-to-earth approach (he and his wife have boldly RV'd all over the place, including down into Mexico, so he knows firsthand what day-to-day life is for the average (?) retiree). Again, a very enjoyable read.
Great Overview on Retirement.......1999-05-29
Retirement on a Shoestring has sections that really add to what I have read on retirement. I especially like the chapters on College Towns in retirement, RVs and Retirement, and Mobile Homes and Retirement. The book is easy to read, and it is full of great statistics, tips and insights. This is a fine book for someone contemplating retirement. It makes one feel that success in retirement is just around the corner.
An excellent retiree's bible filled with practical info........1998-10-10
Unlike most retirement guides which offer zero useful information, "Shoestring" offers practical information for the majority of Americans who are not filthy rich, and are coming up on depleted Social Security, rising housing and rental costs and non-existent medical care.Howells offers real strategies to live on reduced incomes. I recommend it. A+, John.
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