Monthly Archives: December 2013

HBCU Money™ Business Book Feature – Reminiscences of a Stock Operator

Reminiscences_of_a_Stock_Operator

Stock investing is a relatively recent phenomenon and the inventory of true classics is somewhat slim. When asked, people in the know will always list books by Benjamin Graham, Burton G. Malkiel’s A Random Walk Down Wall Street, and Common Stocks and Uncommon Profits and Other Writings by Philip A. Fisher. You’ll know you’re getting really good advice if they also mention Reminiscences of a Stock Operator by Edwin Lefèvre.

Reminiscences of a Stock Operator is the thinly disguised biography of Jesse Livermore, a remarkable character who first started speculating in New England bucket shops at the turn of the century. Livermore, who was banned from these shady operations because of his winning ways, soon moved to Wall Street where he made and lost his fortune several times over. What makes this book so valuable are the observations that Lefèvre records about investing, speculating, and the nature of the market itself. For example:

“It never was my thinking that made the big money for me. It always was my sitting. Got that? My sitting tight! It is no trick at all to be right on the market. You always find lots of early bulls in bull markets and early bears in bear markets. I’ve known many men who were right at exactly the right time, and began buying or selling stocks when prices were at the very level which should show the greatest profit. And their experience invariably matched mine–that is, they made no real money out of it. Men who can both be right and sit tight are uncommon.”

If you’ve ever spent weekends and nights puzzling over whether to buy, sell, or hold a position in whatever investment–be it stock, bonds, or pork bellies, you’ll be glad that you read this book. Reminiscences of a Stock Operator is full of lessons that are as relevant today as they were in 1923 when the book was first published. Highly recommended. –Harry C. Edwards

HBCU Money™ Dozen 12/2 – 12/6

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Did you miss HBCU Money™ Dozen via Twitter? No worry. We are now putting them on the site for you to visit at your leisure. We have made some changes here at HBCU Money™ Dozen. We are now solely focused on research and central bank articles from the previous week.

Research

Fighting the world’s largest landfill starts at the local level l California Sea Grant bit.ly/1hAqDG9

CIOs Say Cost, Complexity Impede True Mobile Gains in Enterprise l CIOonline trib.al/64qXmKx

This clever microbe steals its neighbour’s electricity to make methane l New Scientist http://ow.ly/rumQE

2 million stolen login credentials discovered for Facebook, Google, LinkedIn, Twitter, other sites l CSOonline http://ow.ly/rumV6

China bans banks from trading in Bitcoin e-business l ComputerWorld http://ow.ly/run8y

Obama says iPhone is insecure; DoD agrees l ComputerWorld http://ow.ly/runz9

Federal Reserve, Central Banks, & Financial Departments

Helping cities access private financing & achieve low-carbon l World Bank http://wrld.bg/rsRmk

New EPR study investigates the effect of the recession and federal stimulus on New Jersey schools l NY Fed http://bit.ly/1bjlnhv

Sales of new one-family houses in US jumped in October l St. Louis Fed http://bit.ly/1cbJH6i

Economy has grown steadily w/ GDP growth averaging over 2%, 7 million new jobs, low inflation l Atlanta Fed http://goo.gl/OVfknT

Worldwide, 50% of youth are either working outside the formal economy or not up to their full potential l World Bank http://bit.ly/1dz3Ppo

Average price for new houses sold in the U.S. rose by 2.5 percent in October to $321,700 l St. Louis Fed http://bit.ly/19hQ5rQ

Thank you as always for joining us on Saturday for HBCU Money™ Dozen. The 12 most important research and finance articles of the week

The HBCU Money™ Weekly Market Watch

Our Money Matters /\ December 6, 2013

A weekly snapshot of African American owned public companies and HBCU Money™ tracked African stock exchanges.

NAME TICKER PRICE (GAIN/LOSS %)

African American Publicly Traded Companies

Citizens Bancshares Georgia (CZBS) $5.75 (1.03% DN)

M&F Bancorp (MFBP) $3.30 (0.00% UNCH)

Radio One (ROIA) $3.45 (2.35% UP)

African Stock Exchanges

Bourse Regionale des Valeurs Mobilieres (BRVM)  218.62 (0.34% DN)

Botswana Stock Exchange (BSE)  8 851.83 (0.00% UNCH)

Ghana Stock Exchange (GSE)  2 129.69 (77.52% UP)*

Nairobi Stock Exchange (NSE)  136.70 (N/A)

Johannesburg Stock Exchange (JSE) 44 616.21 (0.72% UP)

International Stock Exchanges

New York Stock Exchange (NYSE) 10 136.38 (1.20% UP)

London Stock Exchange (LSE)  3 499.80 (0.85% UP)

Tokyo Stock Exchange (TOPIX)  1 235.83 (0.50% UP)

Commodities

Gold 1 230.30 (0.24% DN)

Oil 97.54 (0.16% UP)

*Ghana Stock Exchange shows current year to date movement. All others daily.

All quotes reported as of 2:00 PM Eastern Time Zone

HBCU Money™ Business Book Feature – The End of the Free Market: Who Wins the War Between States and Corporations?

The-End-of-the-Free-Market-9781591843016

A number of authoritarian governments, drawn to the economic power of capitalism but wary of uncontrolled free markets, have invented something new: state capitalism. In this system, governments use markets to create wealth that can be directed as political officials see fit.

As an expert on the intersection between economics and politics, Ian Bremmer is uniquely qualified to illustrate the rise of state capitalism and its long-term threat to the global economy. The main characters in this story are the men who rule China, Russia, and the Arab monarchies of the Persian Gulf, but their successes are attracting imitators across much of the developing world.

This guide to the next big trend includes useful insights for investors, business leaders, policymakers, and anyone else who wants to understand major emerging changes in international politics and the global economy.

HBCU Money™ Dozen 11/25-11/29

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Did you miss HBCU Money™ Dozen via Twitter? No worry. We are now putting them on the site for you to visit at your leisure. We have made some changes here at HBCU Money™ Dozen. We are now solely focused on research and central bank articles from the previous week.

Research

12 tech jobs with big raise potential in 2014 l ComputerWorld http://ow.ly/rgPNx

How to Determine if Your Application is Suitable for the Cloud l CIOonline http://trib.al/iQm67Ry

Renewable Energy Fun & Rumination l Clean Technica http://dlvr.it/4PkxQz

Google, Amazon Reveal Their Secrets of Scalability l CIOonline http://trib.al/JhF0pl9

The 7 Biggest Mysteries of Particle Astrophysics and Cosmology l SLAC http://stanford.io/1aVPWOI

Are Alzheimer’s and diabetes aspects of the same disease? l New Scientist http://ow.ly/rgRX6

Federal Reserve, Central Banks, & Financial Departments

What will it take to build a concentrated #solar power industry in India? Report offers a roadmap l World Bank http://wrld.bg/rcZCK

Global liquidity, spillovers to emerging markets and policy responses l Bank of International Settlements http://ow.ly/rgYc3

Fiji holds rate steady, sees 2014 growth over 3 pct l Central Bank News http://dlvr.it/4PnBKf

A quick look at reasons why more people don’t pursue a college degree l St. Louis Fed http://bit.ly/KgKFkJ

In #Uganda, the student-teacher ratio is high at 45:1, signaling overcrowded classrooms l World Bank Africa http://wrld.bg/r1vUI

Do super farms have a positive impact on poverty and jobs? l World Bank http://wrld.bg/rdoVM

Thank you as always for joining us on Saturday for HBCU Money™ Dozen. The 12 most important research and finance articles of the week.