Selasa, 31 Juli 2012

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The book reviews the performance over a 60 year time period of purchasing stocks trading below net current asset value. The stock filtering criterion was popularized by Benjamin Graham, the father of value investing, and a mentor to Warren Buffett who considered his professor and former employer one of the most influential people in his life. The book also reviews the portfolio performance by combining the net current asset value criteria with other value investing stock screens such as high dividend yield and low price-to-earnings ratio. Using this simple approach of selecting stocks trading below liquidation value, individual investors can achieve excellent returns by devoting just one day a year to their portfolio.

  • Sales Rank: #850953 in eBooks
  • Published on: 2013-02-25
  • Released on: 2013-02-25
  • Format: Kindle eBook

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5 of 5 people found the following review helpful.
Results of backtesting NCAV strategy more than anything else
By Madhusudan
I purchased this book with much expectations since there are hardly any books that talk about NCAV strategy - barring the seminal work 'Security Analysis' - of stock selection.

The book starts off by giving a good introduction to the NCAV strategy, and slowly but surely drifts towards providing empirical evidence on the NCAV strategy's triumph over other stock selection strategies, primarily the well-known indices.

My gripe is that though the empirical evidence provides the reader with the confidence to try out the methodology, I did not expect a good portion of the book to focus on it. To be fair, the author combines NCAV strategy with other screening methods like low P/E, dividend yield etc., and analyzes their performance vis-a-vis a pure NCAV strategy. This highlights improvements one could make to their NCAV strategy.

What the book was missing - and this is pretty important - is the discussion on the accompanying quirks and traits of the NCAV businesses and how to go about separating the potential winners from the rest. I follow a few net-net investors and they endorse analyzing the qualitative (and quantitative) aspects of the NCAV candidates before pulling the trigger.

Though the book is a good introduction to net-net investing, I was left wanting more. I recommend another book 'Deep Value Investing', wherein the author provides for a good number of case studies on his net-net investment experience.

0 of 0 people found the following review helpful.
Outstanding book
By TMof
The book is outstanding for those interested in deep value investment strategies.

This book provides an approach to investing (net current asset investing) and importantly provides substantial evidence to prove the success of the strategy. It is clear the author has put in a ton of time to look at the historical performance of these stocks. In doing so, he makes a compelling case for investing in stocks that meet his criteria. In summary, the author educates the reader about one type of investing and provides the statistical evidence to show that over long periods of time this strategy has outperformed the general markets by a meaningful amount. For deep value investors or those interested in reading and learning more about one type of deep value investment strategy, I highly recommend. If you are interested in a romantic novel, this might not be the book for you. :)

1 of 5 people found the following review helpful.
Very thorough!
By Vincent Roy
A quick read that gives you a very high level of confidence on what the author has done as well as on investing in net-nets.

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Jumat, 27 Juli 2012

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Religious Diversity in Ancient Israel and JudahFrom Bloomsbury T&T Clark

Understanding of the religious beliefs and practices of the ancient Israelites has changed considerably in recent years. It is now increasingly accepted that the biblical presentation of Israelite religion is often at odds with the historical realities of ancient Israel's religious climate. As such, the diversity inherent to ancient Israelite religion is often overlooked―particularly within university lecture halls and classrooms. This textbook draws together specialists in the field to explain, illustrate and analyze this religious diversity. Following an introductory essay guiding the reader through the book, the collection falls into three sections.

The first focuses on conceptual diversities. It deconstructs common assumptions about Israelite religion and reconstructs Israelite perceptions of the nature of the religious world. The second section examines socio-religious diversities. It studies the varied social contexts of ancient Israelites, exploring the relationship between worshippers' social locations and their perceptions and experiences of the divine. The third section deals with geographical diversities. It seeks to understand how geographical distinctions engender certain characteristics within Israelite religion and impact upon religious perceptions.

Underpinning each essay in this volume is a shared concern to: (1) explore the ways in which worshippers' socio-cultural contexts shape and colour their religious beliefs and practices; (2) assess the role, benefits and limitations of the Hebrew Bible/Old Testament in reconstructing ancient Israelite religion.

  • Sales Rank: #1109416 in Books
  • Published on: 2010-04-15
  • Released on: 2010-04-15
  • Original language: English
  • Number of items: 1
  • Dimensions: 9.21" h x .47" w x 6.14" l, .80 pounds
  • Binding: Paperback
  • 224 pages

About the Author
John Barton is Oriel and Laing Professor of the Interpretation of Holy Scripture, University of Oxford. His previous publications include What is the Bible?, People of the Book?, Love Unknown, The Oxford Bible Commentary and The Biblical World.

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15 of 15 people found the following review helpful.
Not light reading, but a very important book
By Beth
The casual reader may find this book tough going because it makes extensive use of the vocabulary of archeology, anthropology, sociology, linquistics, theology and history, and includes numerous citations from leading works in all of those fields. That well-informed interdisciplinary approach, however, makes it possible for the authors and editors of this book to offer the reader an unparalleled synthesis of a vast amount of recent data. Taken as a whole, this book makes major strides towards putting to rest for once and for all such hackneyed dogmatic intellectual sloppiness as the idea that there was a uniform "popular religion" and/or a uniform "official religion" across the Levant at any given time, or the notion that worship of any deity can ever exist in an historical or cultural or geographic vacuum (as some theologians might prefer to imagine). Generally (and refreshingly), the authors whose works are contained in this volume stand firmly in a middle ground between treating the bible as sacrosanct and disregarding it all togther. In particular, I found the esaay by Herbert Niehr (Chapter 3) to be one of the best, most insightful, discussions of the "Canaanite"/ "Israelite" biblical dichotomy that I have read anywhere. This is a scholarly book in the best sense of the word.

14 of 15 people found the following review helpful.
Great contribution and a must-read
By Daniel McClellan
This new volume from T&T Clark, edited by Francesca Stavrakopoulou and John Barton, combines essays from a diverse and international field of scholars focused on the diversity of religious belief and practice in ancient Israel and Judah. A number of concerns guide the volume's contributions. It seeks primarily to combat the traditional notion of a monolithic Israelite religion, and, as the title suggests, finds value in evaluating religious diversity within the separate kingdoms of Judah and Israel. The social contexts of religious belief and expression play a large role in these analyses. Of considerable significance is the book's opposition to the presumption of a division between "official" religion of the biblical authors, and the "popular" religion of the apostate factions. This distinction is shown to be artificial and derived from an uncritical acceptance of the value judgments of the biblical authors. There are a number of valuable contributions within this volume, but the identification of that false dichotomy alone should make this book required reading.

The volume is divided into four sections entitled "Conceptual Diversities," "Socio-Religious Diversities," "Geographic Diversities," and a "Postscript" by John Barton. The papers in the first section address broad approaches to the complexity of religious diversity. Susan Niditch's contribution engages the experiential within Israelite religion. Three categories of texts provide case studies: descriptions of visits to the divine realms, descriptions of earthly visions, and descriptions of the underworld and of contact with the dead. I found some of Susan's syntheses a bit strained. The topic of Herbert Niehr's paper is the false dichotomy between Israelite and Canaanite religion. The Hebrew Bible paints a picture of stark contrast between Israel and the indigenous "Canaanites," but does this contrast exist outside the propaganda of the biblical authors? Niehr addresses historical, literary, and religio-historical aspects of the distinction and concludes with a discussion of Judahite and Israelite religion as a subset of West Semitic religion. Similarly, Francesca Stavrakopouou's article takes direct aim at the scholarly presumption of a division between the "official" religion of the biblical authors and the "popular" religion of apostate factions. This presumption, the author argues, is largely an attempt to "'manage' biblical and archaeological indications of religious diversity in ancient Israel and Judah" (p. 37). Stavrakopoulou evaluates theological and social-scientific constructs of this view of Israelite religion and highlights its inadequacy as a framework for the religious diversity of ancient Israel and Judah. The latter two papers are, in my opinion, the highlights of this volume.

The second section, "Socio-Religious Diversities," is a more focused approach to the theme of the preceding section. It is the largest section of the book and seeks to "demonstrate that the religions of ancient Israel and Judah can best be understood as a series of spectra, rather than in terms of either/or distinctions" (p. 4). In the first article Nicolas Wyatt examines the nature of ancient Judahite royal ideologies. While presented in the Hebrew Bible as a heavily adapted foreign importation, Wyatt argues the normal elements of Syro-Palestinian royal religion are detectable within the Judahite ideology of kingship. This ideology should be viewed as genetically related to those of surrounding cultures. The king's participation in ritual as subject and object, his divinity in life and death, and his relationship to Asherah are all evinced to some degree or another in the biblical text and by analogy with surrounding cultures. Diana Edelman follows, presenting biblical and artifact evidence for "Cultic Sites and Complexes beyond the Jerusalem Temple." The Hebrew Bible makes numerous references to cultic sites outside of Jerusalem, but they are vaguely defined and are polemicized by the text's authors and editors. Material remains confirm the existence of a wide range of cultic sites throughout the time period of the Bible, and show a sharp decline in number in the Persian Period and later, but do not provide enough data to pinpoint the introduction of cultic worship or its centralization.

Philip Davies authors the next article, which explores the distinction between urban and rural religion. The exploration is encumbered by the biblical and material bias toward urban contexts. The Bible largely polemicizes rural religion and idealizes urban religion, but some inferences and tentative conclusions can be made. Davies concludes with a caution against presuming a rural origin for the biblical texts. Carol Meyers' article treats the topic of household religion. She begins with a description of the Israelite household, followed by sources for its investigation. The third section of her chapter discusses those manifestations of household religion that can be extrapolated from the biblical text and from comparative anthropology. These practices are categorized according to their regularity. Some were seasonal, monthly, or weekly; others were dictated by the human life cycle; and still others were predicated upon situations requiring divine intervention. Tying them all together were concerns for the sustaining of life, for group identity, and for humanity's relationship to the divine.

Rainer Albretz's chapter is entitled "Personal Piety," and it aims to isolate within the context of folk religion the religious situation of the individual. Albretz identifies three available sources of information from which this situation may be reconstructed: theophoric personal names, individual lament and thanksgiving psalms, and proverbial material. The first two sources manifest a deep-rooted concern for the relationship of the deity to the individual, celebrating and lamenting events which are treated as highly personal acts of God. The last category shows concern for the ethos of the individual vis-à-vis the deity. A short final section evaluates developments in personal piety from the Deuteronomic reforms through to the Second Temple Period.

The last section of this volume examines the geographic dynamic of religious diversity. Jeremy M. Hutton authors the first chapter, which aims to dispel the geographic homogenization of Israelite religion and delineate the religious expression of the north, the south, and Transjordan. Hutton first draws upon archaeological and onomastic evidence to show the degree to which diversity is evident. He moves on to evaluate the Deuteronomic history as a possible source for northern religious practices, producing a great deal of detail from Dtr's polemic. The most interesting section of Hutton's paper is his discussion of the archaeological evidence for a distinct Transjordanian religious identity. Using Deir `Alla as a point of reference, the author produces a picture of religious variegation and tension. He concludes with a preliminary synthesis which sees micro-religions tied together under a macro-religious identity developed largely through literary and editorial manipulation. Lester Grabbe's contribution looks for, but doesn't find indications of Yhwh worship outside of Israel and Judah. A variety of locales are investigated, and Grabbe's essay provides a great deal of information.

Barton's postscript reflects on the broader issues discussed in the book and raises two questions which remain: (1) How did monotheism ever arise within a culture that tolerated and promoted such diverse views on God and the gods, and (2) "why did Judaism, the heir of all these ancient Israelite and Judahite religious practices, become a religion of the book?" He concludes with a warning about treated early Israelite religion as exclusively orthopraxic, rather than orthodoxic. As this volume shows, there was a great deal of reflection and innovation in the theology and religiosity of early Israel and Judah.

5 of 5 people found the following review helpful.
A must-have book
By Sheila Michaels
All the contributors write well and clearly. If you wish to understand current thinking in Biblical Studies, religious studies, gender & the history of the area, then this is a book you must read.

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Kamis, 26 Juli 2012

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  • Sales Rank: #7325302 in Books
  • Binding: Paperback

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Estimating Construction Costs, by Robert Peurifoy, Garold Oberlender

In preparing the sixth edition of Estimating Construction Costs the author has retained the fundamental concepts of estimating that have made the book successful for many years. All of the example problems have been revised with more explanations regarding assumptions used in the calculations. This edition has reorganized and consolidated chapters to increase the clarity of the subject matter for the reader. Extensive new sections have been added on equipment, including graders equipped with GPS, and methods of calculating depreciation, investment, and operating costs of construction equipment. The computer estimating chapter is revised with additional material on the use of computers in preparing estimates for bidding purposes.

  • Sales Rank: #177065 in Books
  • Published on: 2013-01-14
  • Original language: English
  • Number of items: 1
  • Dimensions: 9.30" h x 1.10" w x 7.40" l, 2.30 pounds
  • Binding: Hardcover
  • 592 pages

About the Author
Robert L. Peurifoy was Professor Emeritus at the University of Texas at Austin.

Most helpful customer reviews

3 of 3 people found the following review helpful.
May just be the best estimating book out there
By Andrew Z.
Really good book, gives a lot of great and concise information without going into too much unnecessary details. The worked out, step-by-step examples are great. Really easy to wrap your head around the information this book is giving you, no other estimating book is quite as good as this one, highly recommend it.

3 of 3 people found the following review helpful.
Good Overall Summary of Cost Estimating
By Anastacio Perez
This book was introduction and overall view of estimating construction projects. I work in facilities management working on various construction projects, and this book definitely helped getting some realistic budget numbers to my superiors. I would recommend this to anyone looking to learn about estimating.

0 of 0 people found the following review helpful.
Great book. Easy to follow and great problems and
By Amazon Customer
Great book. Easy to follow and great problems and examples

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Minggu, 01 Juli 2012

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Barack Obama; The Story - 1st Edition/1st Printing, by David Maraniss

  • Published on: 2012
  • Binding: Hardcover

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