Sabtu, 24 November 2012

[X681.Ebook] Free PDF The Kodansha Kanji Usage Guide: An A to Z of Kun HomophonesFrom Kodansha USA

Free PDF The Kodansha Kanji Usage Guide: An A to Z of Kun HomophonesFrom Kodansha USA

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The Kodansha Kanji Usage Guide: An A to Z of Kun HomophonesFrom Kodansha USA

The Kodansha Kanji Usage Guide: An A to Z of Kun HomophonesFrom Kodansha USA



The Kodansha Kanji Usage Guide: An A to Z of Kun HomophonesFrom Kodansha USA

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The Kodansha Kanji Usage Guide: An A to Z of Kun HomophonesFrom Kodansha USA

Kun homophones - native-Japanese words that are pronounced alike but are written with different kanji, and often differ in meaning-pose a particular challenge to students at the intermediate level. Words like noboru or kaeru, for example, can be written with several different kanji, each contributing a distinct shade of meaning. The often-subtle nuances conveyed by kanji confuse even Japanese people, and very few dictionaries provide good guidance on kanji usage.

The Kodansha Kanji Usage Guide is a new type of reference work that enables learners to deepen their understanding of how kun homophones are used in contemporary Japanese. The first Japanese-English resource devoted exclusively to kun homophones, the book presents detailed usage articles that show the differences and similarities for 675 homophone groups, or 1590 kanji headings-the vast majority of single-character kun homophones in current use.

With headwords arranged in Japanese a-i-ue-o order and thousands of illustrative examples of kanji in context, the Usage Guide is at once a dictionary and a manual-an all-around resource for clarity on kanji used in kun homophones. Armed with this unique guide, learners will discover in kanji new meanings they never knew existed, and learn to write Japanese more articulately than ever before.

  • Sales Rank: #1028582 in Books
  • Published on: 2015-03-20
  • Original language: English
  • Number of items: 1
  • Dimensions: 5.10" h x .90" w x 7.20" l, .0 pounds
  • Binding: Paperback
  • 352 pages

About the Author

Jack Halpern is the CEO of The CJK Dictionary Institute (CJKI) in Japan. The institute is one of the world's prime sources for CJK (Chinese, Japanese, and Korean) dictionaries, and specializes in compiling comprehensive CJK and Arabic lexical databases. A lexicographer by profession, Halpern has spent more than thirty-five years compiling dictionaries. He is the editor in chief of The Kodansha Kanji Dictionary and the bestselling Kodansha Kanji Learner's Dictionary: Revised and Explanded. www.cjk.org

Most helpful customer reviews

1 of 2 people found the following review helpful.
seems like a great buy
By D. Chien
At first glance, seems like a great buy. Learn how to use different kanji for the situation hand. But then, realize after buying it, no explaination sometimes when only two or more kanji are listed, without any explanation differentiating them!?
In these cases, you know there are alternatives, but you must look up the differences in another dictionary.
My copy is sitting unused as a result.

0 of 10 people found the following review helpful.
Awesome!
By Arielle Eiger-McPartlin
VERY helpful!

See all 2 customer reviews...

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Rabu, 21 November 2012

[C139.Ebook] Download PDF Teach Yourself Bluegrass Mandolin, by Andy Statman

Download PDF Teach Yourself Bluegrass Mandolin, by Andy Statman

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Teach Yourself Bluegrass Mandolin, by Andy Statman

Teach Yourself Bluegrass Mandolin, by Andy Statman



Teach Yourself Bluegrass Mandolin, by Andy Statman

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Teach Yourself Bluegrass Mandolin, by Andy Statman

(Music Sales America). Teach yourself authentic bluegrass mandolin with this book/CD pack. The book contains clear instructions on the basics: right- and left-hand techniques, solos, backup, personal advice on performance, and much more, as well as a complete selection of the best bluegrass songs to learn from. The CD contains audio versions of the examples contained in the book and backing tracks for several songs.

  • Sales Rank: #1264342 in Books
  • Brand: Music Sales
  • Model: 14032915
  • Published on: 1999-01-01
  • Released on: 1999-01-01
  • Original language: English
  • Number of items: 1
  • Dimensions: 12.00" h x .22" w x 9.00" l, .65 pounds
  • Binding: Paperback
  • 64 pages
Features
  • Songlist:All The Good Times Are Past And Gone Arkansas Traveller Blackberry Blossom Boil 'Em Cabbage Down Cripple Creek Devil's Dream Done Gone Durham's Reel Fire On The Mountain John Hardy John Henry Little Maggie Nine Pound Hammer Old Joe Clark Patty On The Turnpike Pretty Polly Sally Goodin Salt Creek Salty Dog Sitting On Top Of The World Soldier's Joy Stoney Point Swing Low Turkey In The Straw Will The Circle Be Unbroken

Most helpful customer reviews

13 of 13 people found the following review helpful.
Great instructional book, but not necessarily for beginners
By Shane
Teach Yourself Bluegrass Mandolin is a great instructional guide for mandolin. It is clearly written and provides both melody and solo parts for a number of traditional bluegrass tunes. The CD that accompanies it is an added bonus for those that like to hear exactly how each tune is supposed to sound. However, if you are picking up a mandolin for the first time with no previous experience playing a stringed instrument this book may leave you frustrated. I had a few years of experince playing guitar so the switch wasn't too difficult. However, I know that I was starting for the first time I would be hard pressed to play many of the songs in this book. The tunes on the CD are played quite fast, especially for beginners. If you are looking for a beginners guide I would pick something a little easier. But once you've built up your dexerity and you're ready to move up I would recommend this book.

17 of 20 people found the following review helpful.
Great book for the beginner mandolin player
By Anthony W. Eichenlaub
This is a great book for anyone trying to learn how to play the mandolin. It contains several good songs, tons of good advice on technique, and a cd to refer to when written descriptions just won't get the job done (just try to describe "chunking" to someone who has never heard it before).
The best part of this book is how it describes a technique and then immediately teaches you a song or two that use that technique. I find this helps to keep the learning process fun and exciting. It also give you a lot of material to show off to your friends.

8 of 8 people found the following review helpful.
Teach Yourself Bluegrass Mandolin
By A Customer
Nice book, great music. The music on the CD is great. But if you are a beginner, this is not the place to begin. Although it is fun to listen to, it is way too fast and way too difficult for a beginner.

See all 14 customer reviews...

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Rabu, 14 November 2012

[A267.Ebook] Free PDF Living Homes: Stone Masonry, Log, and Strawbale Construction, by Thomas J. Elpel

Free PDF Living Homes: Stone Masonry, Log, and Strawbale Construction, by Thomas J. Elpel

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Living Homes: Stone Masonry, Log, and Strawbale Construction, by Thomas J. Elpel

Living Homes: Stone Masonry, Log, and Strawbale Construction, by Thomas J. Elpel



Living Homes: Stone Masonry, Log, and Strawbale Construction, by Thomas J. Elpel

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Living Homes: Stone Masonry, Log, and Strawbale Construction, by Thomas J. Elpel

The house of your Dreams does not have to be expensive. The key is all in the planning. How much a house costs, how it looks, how comfortable it is, how energy-efficient it is - all these things occur on paper before you pick up even one tool. A little extra time in the planning process can save you tens of thousands of dollars in construction and maintenance. That is time well spent!

Living Homes takes you through the planning process to design an energy and resource efficient home that won't break the bank. Then, from the footings on up to the roof, author Thomas J. Elpel guides you through the nuts and bolts of construction for slipform stone masonry, tilt-up stone walls, log home construction, building with strawbales, making your own terra tile floors, concrete countertops, windows and doors, solar water heaters, masonry heaters, framing, plumbing, greywater, septic systems, swamp filters, painting and more!

Table of Contents

Introduction:
Building a House on Limited Means: The Elimination of all that is Unnecessary to Achieve a Dream
Part I: Dreams, Goals and Ecology
Integrated Design and Construction: Homesteading in the Twenty-first Century
Choosing a Location: Planning a Thousand Years into the Future
Disaster-Proofing Your Home: Preventing the Obvious. Preparing for the Inevitable
Building Codes, Permits and Inspections: Exceed the Minimum Standards!
Defining Your Goals: A Blueprint is the Sum of the Criteria

Part II: Principles of Energy Efficiency
Warm Houses for Cold Climates: Insulation, Thermal Mass, Solar Gain, and Air Locks
Insulation and Insulation Systems Many Choices, Most of Them Bad
Air Quality: Finding Fresh Air in a High-Efficiency House

Part III: Building the Walls
Footings, Foundations and Floors: Starting from the Bottom Up
Cement Mixing & Measuring: Aggregates, Admixtures, Substitutes, and Reinforcement
Slipform Stone Masonry: A Stone Masonry Primer
Tilt-up Construction: A New Lift to the Ancient Art of Stonework
Log Building Basics: For Builders with Little Time or Experience
Building with Bales: It's Fast, Inexpensive, and Energy Efficient

Part IV: Closing It In
Putting the Roof On: The Search for Better Solutions
Terra Tiles: Hand-Made Tile Floors from Sand, Cement, Dirt, and Dye
Wood Frame Construction: Building Interior Floors and Walls
Windows and Doors: Putting a Plug in the Thermos

Part V: Plumbing, Heating, and Wiring
Water Supply, Management, and Recycling Squeezing More Use out of Less Water
Practical Plumbing: Important Tips I Could Have Used
Heating Systems: For Backup Heat & Hot Water
Revival of the Masonry Stove: An Old, but Efficient Heating System
Electricity: Wiring the Alternative Home
Rethinking Appliances: Energy Efficiency is the Path to Independence

Part VI: Finishing Details
Concrete and Fly Ash Countertops: A Nice Kitchen Doesn't have to Be Expensive
A Primer on Paint: Reusing and Recycling

Conclusion - Reinventing Housing: The Road to Sustainability
Bibliography
Index

  • Sales Rank: #268682 in Books
  • Brand: Brand: HOPS Press
  • Published on: 2010-05-15
  • Original language: English
  • Number of items: 1
  • Dimensions: 11.00" h x .70" w x 8.50" l, 1.64 pounds
  • Binding: Paperback
  • 240 pages
Features
  • Used Book in Good Condition

Review
This highly creative guide helps the non-builder become conversant with terms, materials, and techniques necessary to build one's dream home. -- The Islands' Weekly Newspaper. Lopez Island, Washington.
June 15, 2004. (Review of the 4th Edition.)

This isn't mere theory but is firmly grounded in Elpel's hands-on experience creating durable, energy-efficient buildings on a shoestring. --Fine Homebuilding. February/March 2003. (Review of the 4th Edition.)

This hefty book (250 pages, 8.5" X 11") is chock full of detailed information, personal musings, photos and diagrams, and practical tips. Thomas Elpel is a do-it-yourselfer after my own heart, and what he has compiled here chronicles his adventures of building his own home in rural Montana as well as experiences with other building projects. He and his wife were forced by circumstances to find inexpensive solutions for all of the challenges of building their home, and they managed to do this without sacrificing their commitment to energy efficiency and sustainability.

Their home is a true hybrid, with the first floor being slip-formed stone masonry and the second story of logs, all sourced locally and ecologically. Thomas explains in great detail exactly how he put together this house, sufficiently for others to follow his lead without much more need for instruction.

In addition, the book is liberally dosed with Thomas's philosophy of how to homestead ecologically in the 21st Century. He starts with how to choose an appropriate location, then proceeds to describe strategies for disaster-proofing your home. He emphasizes how important it is to define the goals you have for your home before even coming up with a design.

Part Two of the book explores principles of energy efficiency, delving into a discussion of the need for excellent insulation, coupled with thermal mass and solar gain for a truly ecological house. The pros and cons of various insulation systems are defined, with charts of R-values. etc. There is a chapter devoted to interior air quality.

Part Three launches into the nitty gritty of exactly how to build using the methods that the author is familiar with. There is a thorough review of various strategies for creating footings, foundations and floors. This leads to a primer about the properties of concrete and how to mix and pour it. The instructions for building stone walls are specific to slip-forming, which tends to be fairly straight forward and simpler for folks who are not skilled in the art of free-form stone masonry.

The log-building technique that Thomas chose to use for his house is one of the simpler approaches, where little notching and careful fitting and trimming is required. Round logs are just stacked one on top of the other, using rebar pins to hold them in place. It is possible to build entire walls this way, and then cut out doors and windows later. The spaces between the logs are eventually insulated and chinked to make the wall air tight.

The basics of strawbale building are presented in one chapter, detailing how a large load-bearing strawbale shop was built. The information about strawbale is not as thorough as it is with the previous chapters on stone and log building, but there is enough of an overview to give the reader an idea of what is involved.

All of the wall-building techniques described so far require a framed roof of some sort, and the author goes into some detail about the possibilities for doing this. One method shown is fairly simple and straight forward, where a log ridge pole is placed first, and then rafters are bolted together on top of this, supported at the other end with another log. This can then support a variety of roofing materials, such as metal sheets or shingles.

In order to present a thorough overview of all of the basics of house building, the author also has surprisingly comprehensive chapters on plumbing and electrical wiring. Strategies for solar water and space heating are discussed.

All-in-all I give this book very high marks for providing useful information compiled in a logical and detailed manner. A person really could attempt to build their own house using nothing but this book as a guide, which is more than can be said for most building how-to guides. --Kelly Hart, GreenHomeBuilding.com

From the Publisher
A Positive Relationship with Nature

Our culture teaches us that we are separate from nature. We spend most of our lives in houses surrounded by manicured lawns, living in towns or cities where recrecational activies are based on human-centered sports. Nature is something we go to a park to see, or we watch a show about it on TV.

Those of us in the field of environmental education try to preach a different message, telling people that "all life is interconnected" and that "we really are part of nature". But in the next breath we tell them to stay on the trails and to practice "no-trace" camping. We tell them to look at nature and photograph it, but not to touch it. We tell them our modern way of life is destroying nature, and that we need to stop mucking up the planet. In other words, we tell them we are part of nature--the bad part!

Here at HOPS Press, LLC we advocate a positive interactive relationship with the natural world. We want people to get involved in nature, to be a part of the process on many levels:

Through Participating in Nature: Thomas J. Elpel's Field Guide to Primitive Living Skills and the Art of Nothing Wilderness Survival Video Series, you can experience an intimate connection with nature as you rediscover the skills our ancestors used to survive for tens of thousands of years. Instead of merely camping in the wilderness or passing through it, you will become part of the process as you learn about nature by using it to meet your needs for shelter, fire, water and food. Learn to set aside the trappings of modern culture and step directly into nature with little or nothing, to experience nature on its own terms.

With Tom's book Botany in a Day: The Patterns Method of Plant Identification, you can connect with the wonderful diversity of plants and flowers all around you in a way that you may have never imagined. Instead of seeing the green world as little more than pretty wallpaper, you will learn to know the individual plants, wildflowers and weeds as if they have been your life-long friends. Our book Shanleya's Quest: A Botany Adventure for Kids Ages 9-99 utilizes the same patterns method of identifying plants as Botany in a Day, but in a metaphorical story form where children of all ages can join young Shanleya on her journey to learn the plant traditions of her people.

In Living Homes: Integrated Design & Construction you will learn how to make your home part of nature, as well as how to make nature part of your home. Learn the secrets to building low-cost, high-efficiency homes with stone masonry, log-building and strawbale construction methods. With this book and Tom's Slipform Stone Masonry DVD/VHS Video you will be able to build your quality, earth-friendly Dream home on a budget, even while the "experts" say it isn't cost effective.

Finally, in Direct Pointing to Real Wealth: Thomas J. Elpel's Field Guide to Money, you will learn to see the economy as an ecosystem where money is a token that represents calories of energy. Learn the basic rules of this economic ecosystem and you will be empowered to use your resources to more effectively achieve your desired quality of life, while making the world a better place to be. You will be able help convert an economy that harms planetary biodiversity into an economy that helps restore it.

From the Author
"Our house may look expensive, but the reality is that we only have about $10 a square foot into it. The whole house cost about as much as the average new car. Yet I have seen some million dollar homes that looked like junk. Appearance, like energy efficiency, is more a product of design than of cost. You can take the same materials and arrange them poorly or arrange them well."

"With a combined income averaging $10,000 to $12,000 a year we lived simply and invested everything we could in building materials. Construction proceeded slowly throughout the process, due to our chronic lack of money. We moved into the house after the second summer, with no doors, few windows, and no insulation in the roof. Winter stopped about three feet from the stove. This might all seem a little rough, but I later realized that we saved at least $150,000 in interest payments by eliminating the need for a loan. That is not a bad wage for a couple years of camping out!"

Most helpful customer reviews

29 of 30 people found the following review helpful.
Looking for Slipform (slip form) stone masonry info?
By Greg C
While the author is a knowledgeable on the subject, if you are looking for a book that covers the topic in greater detail then check out Tomm Stanley's book "Stone House: A Guide to Self-Building With Slipforms". The material is covered in greater detail and in a well thought out manner.

34 of 36 people found the following review helpful.
K. Wilson
By Kristin D. Wilson
Touches on a variety of "green" living homes. Not too many specifics on each type of construction. Good for an overview of options available. Not for the builder who has a particular form of construction already in mind.Good for starting the research process of green living.

19 of 21 people found the following review helpful.
How integrated design works with planning
By D. Donovan, Editor/Sr. Reviewer
The house of your dreams needn't be unaffordable: integrated design and construction methods can help in the planning process and can result in much savings, and LIVING HOMES: INTEGRATED DESIGN & CONSTRUCTION is the perfect guide to that process. Chapters cover everything from calculating energy usage and efficiency to considering water supply and waste system options, bonding walls, and more. Black and white photos throughout reinforce instructions on how to cut construction costs along the way. LIVING HOMES deserves ongoing recommendation as an excellent choice for any who would pay attention to cost-efficient design.

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Senin, 29 Oktober 2012

[H879.Ebook] Fee Download Brain Stimulation: Methodologies and Interventions, by Irving Reti

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Brain Stimulation: Methodologies and Interventions, by Irving Reti

Brain stimulation technologies are both tools to probe brain function and to provide therapeutic options for patients with neuropsychiatric disease where pharmacological options are not viable. Although the field has been in existence for over seventy years, research interest in brain stimulation has been on the rise particularly in the last two decades.

Brain Stimulation: Methodologies and Interventions is an introduction to the field of brain stimulation technology and its applications. The book explores how brainstimulating technologies work in the context of brain pathways that mediate normal and abnormal brain function. Chapters cover neuroanatomy and activity dependent changes in neuronal function triggered by brain stimulation, as well as applications of brain stimulation technologies themselves, including noninvasive procedures that rely on convulsive or seizure therapeutics, and non-convulsive therapies such as magnetic and electrical brain stimulation.

Authored by an international group of leaders in the field, Brain Stimulation is a valuable resource for both neuroscience researchers and clinicians.

  • Sales Rank: #1810390 in Books
  • Published on: 2015-05-11
  • Original language: English
  • Number of items: 1
  • Dimensions: 9.90" h x .85" w x 7.65" l, .0 pounds
  • Binding: Hardcover
  • 368 pages

From the Back Cover

Brain stimulation technologies are both tools to probe brain function and to provide therapeutic options for patients with neuropsychiatric disease where pharmacological options are not viable. Although the field has been in existence for over seventy years, research interest in brain stimulation has been on the rise
particularly in the last two decades.

Brain Stimulation: Methodologies and Interventions is an introduction to the field of brain stimulation technology and its applications. The book explores how brain stimulating technologies work in the context of brain pathways that mediate normal and abnormal brain function. Chapters cover neuroanatomy and activitydependent changes in neuronal function triggered by brain stimulation, as well as applications of brain stimulation technologies themselves, including noninvasive procedures that rely on convulsive or seizure therapeutics, and non-convulsive therapies such as magnetic and electrical brain stimulation.

Authored by an international group of leaders in the field, Brain Stimulation is a valuable resource for both neuroscience researchers and clinicians.

KEY POINTS
• Includes introductory chapters on relevant neuroanatomy
• Covers both invasive and noninvasive brain stimulation techniques
• Explains basic mechanisms and therapeutic applications
• Written by an international team of leaders in the field
• Illustrated in full color

About the Author
Irving M. Reti is an Associate Professor and Director of The Brain Stimulation Program at The Johns Hopkins Hospital, USA.

Most helpful customer reviews

2 of 3 people found the following review helpful.
Highly recommended!
By PV
There is a dearth of such books that so-well encapsulates the rapidly-growing and exciting field of brain stimulation. Irving Reti’s textbook is a good introduction to the field for any psychiatrist or neurologist, but also serves as an up-to-date and in-depth reference for the specialist. The chapters are written by experts in their respective fields. The gamut of brain stimulation modalities and techniques are explored in detail in this book, supported by relevant reviews of the existing literature. The basic science of each methodology is very well-described and excellently-illustrated. It is an outstanding textbook—I highly recommend it!

2 of 3 people found the following review helpful.
An outstanding book
By Milena Hruby Smith
This is an outstanding book. Clearly and engagingly written, with a comprehensive coverage of a fascinating and vital field. Essential reading for psychiatrists, highly recommended for other physicians, therapists and anyone seeking a comprehensive and thoughtful guide to the practice and science of methods of brain stimulation.

1 of 2 people found the following review helpful.
Authoritative and useful overview
By Stephan Taylor
This is an authoritative, well-written and highly useful summary of this rapidly growing field. Practitioners of ECT and TMS will find it useful as a reference, and researchers will find it useful as a good source of helpful reviews of basic techniques and underlying physiology. Chapters in key areas are authored by the many of the pioneers who have developed these new technologies. Anybody entering the field of brain stimulation should find this volume to be an excellent introduction.

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Rabu, 24 Oktober 2012

[U407.Ebook] Ebook Download Economic Growth. How it works and how it transformed the world, by Edward A. Hudson

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Economic Growth. How it works and how it transformed the world, by Edward A. Hudson

How does economic growth work? Beginning with the history of leading countries over the past 2000 years, 'Economic Growth' finds which countries have achieved sustained growth and how they did it. The effects of growth are examined on a human scale. The benefits of growth are enormous in terms of life, health, education, leisure and opportunity, while the downsides can be managed by appropriate policies. 'Economic Growth' develops a new theory of growth. This new theory is based on careful analysis of actual growth; it covers the causes and mechanisms as well as the results of growth. This new theory extends conventional theory by operating at the industry level and by placing demand considerations at the forefront of growth. Demand growth based on product innovation, marketing, credit and the consumer society drives the economy forward while supply growth based on investment and process innovation sustains the growth in spending and incomes. Growth is not automatic but, in the right conditions, demand and supply expansion work together to generate sustained growth. 'Economic Growth' offers a new view of growth, unique in its combination of historical depth, intellectual clarity and practical relevance. Its original insights will interest academic and professional economists, while its comprehensive treatment and lucid explanations make it an excellent guidebook for anyone interested in economic growth.

  • Sales Rank: #2229048 in Books
  • Published on: 2015-09-15
  • Original language: English
  • Number of items: 1
  • Dimensions: 9.02" h x 1.24" w x 5.98" l, 1.78 pounds
  • Binding: Paperback
  • 611 pages

Review
The distinguishing features of this book are the depth of its historical material; its rich detail about individual industries; and the balance in assessing different views of growth. After the historical sections, the reader has the background needed for a mature evaluation of growth theories, and the author guides us through such an evaluation. He does not appear to have an ideological ax to grind or a special clever point to make, which makes the book credible and valuable for anyone interested in the field. Many discussions of growth focus on technological innovation, but make the concept seem mysterious. Solow referred to the residuals that capture this innovation as 'a measure of our ignorance.' This book uses concrete examples of industries and how they developed, such as the U.S. auto industry, to help us see the forces behind generalities in other work. In the end, the author advances a strong conclusion: economic growth is the greatest thing to happen in 3000 years. Some economists make statements like this based on ideology. This author earns the right to draw such a conclusion with his meticulous and balanced development of evidence on the causes and consequences of growth. --Laurence M. Ball, Department of Economics, John Hopkins University and National Bureau of Economic Research.

A valuable synthesis of literature on the sources of economic growth and, simultaneously, a challenge for more research on the relationship between technological change, economic growth and social transformations. --Diego Comin, Department of Economics, Dartmouth College.

About the Author
Edward A. Hudson (PhD, Harvard), working with Harvard s Dale Jorgenson, pioneered computable general equilibrium models in the 1970s. He applied these models to understanding the energy crisis and to analyzing energy policies. Dr Hudson then moved to strategy consulting, advising corporations and governments in the United States and New Zealand. This included advising on the great deregulation carried out in New Zealand in the 1980s and 90s. He has now returned to researching and writing on economic growth.

Most helpful customer reviews

2 of 2 people found the following review helpful.
Exceptional book: Worth the price and effort to read.
By Rcatesq
This book is written with precision, clarity and impressive conceptual focus. I am not an economist but my legal/history background appreciated Hudson's use of economic data and theory to integrate economic causation analysis with historical perspective. His broad view of historical change in the context of evolving economic theories was often illuminating.

Although there were a few areas(e.g., government decisions regarding currency devaluations) that perhaps could have been addressed in more detail as to impacts on economic growth, Hudson manages to thoughtfully cover many complex issues.

I would think this book would be of value in many MBA programs as well as a worthwhile addition to the library of any serious reader.

1 of 2 people found the following review helpful.
Tells the story of economic growth
By NEbodyhome
A book about economic growth that covers the historical and human elements, so it's as much the story as a presentation of theory. An approachable reference because it includes a section on key economic thinkers and their theories.

0 of 2 people found the following review helpful.
Great book!
By Cindy
Excellent. A must read!

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Senin, 22 Oktober 2012

[B612.Ebook] Ebook Free Nature Mysticism, by J. Edward Mercer

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Nature Mysticism, by J. Edward Mercer

The aims of this study of Nature Mysticism, and the methods adopted for attaining them, are sufficiently described in the introductory chapter. It may be said, by way of special preface, that the nature mystic here portrayed is essentially a "modern." He is assumed to have accepted the fundamentals of the hypothesis of evolution.

  • Sales Rank: #9536747 in Books
  • Published on: 2015-06-21
  • Original language: English
  • Number of items: 1
  • Dimensions: 9.00" h x .35" w x 6.00" l, .47 pounds
  • Binding: Paperback
  • 152 pages

From the Publisher
Kessinger Publishing reprints over 1,500 similar titles all available through Amazon.com.

About the Author
John Edward Mercer (1857 – 1922) was the Bishop of Tasmania from 1902 until 1914. He was born in Bradford, Yorkshire, the son of a minister, and educated at Rossall School and Lincoln College, Oxford. Ordained in 1880 his first post was as a curate at Tanfield. An eminent Christian scholar, on his return from the colonial episcopate he continued to serve the Church as a Canon Residentiary at Chester Cathedral and finally, from 1919 until his death, as Archdeacon of Macclesfield.

Most helpful customer reviews

5 of 6 people found the following review helpful.
A great read that confirms my experiences
By Raven
I do not share all my odd experiences in my life with many people. Sometimes these experiences are private, and many people are not open to them. This book, however, confirmed many of my own experiences and explains some phenomena in a simple and yet common sense way. I recommend this for people who, well, doubt their own experiences.

3 of 3 people found the following review helpful.
Nature Mysticism
By Carol
This is one book that will be reread many times. Absolutely great reading. This book calms the mind while giving it food for thought. I would recommend it to my friends who read philosophy.

4 of 5 people found the following review helpful.
Worth the money
By Katrina Rose, Author
I did enjoy this book, and felt a connection right away to nature and our creator, but than again, I've seen nature orbs dancing around my own trees. My mind is open connecting to much of what the author writes to be open to the connections around us,but at times the book becomes too philosophical for me to rate it a 5, and I felt like I was confined back into religion for just a moment instead of flying through the spiritual awakening.

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Minggu, 21 Oktober 2012

[B628.Ebook] Ebook The Art of Execution: How the world's best investors get it wrong and still make millions, by Lee Freeman-Shor

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The Art of Execution: How the world's best investors get it wrong and still make millions, by Lee Freeman-Shor

Over seven years, 45 of the world's top investors were given between $25m and $150m to invest by fund manager Lee Freeman-Shor. His instructions were simple. There was only one rule. They could only invest in their ten best ideas to make money.

It seemed like a foolproof plan to make a lot of money. What could possibly go wrong? These were some of the greatest minds at work in the markets today - from top European hedge fund managers to Wall Street legends.

But most of the investors' great ideas actually lost money. Shockingly, a toss of a coin would have been a better method of choosing whether or not to invest in a stock.

Nevertheless, despite being wrong most of the time, many of these investors still ended up making a lot of money.

How could they be wrong most of the time and still be profitable?

The answer lay in their hidden habits of execution, which until now have only been guessed at from the outside world.

This book lays bare those secret habits for the first time, explaining them with real-life data, case studies and stories taken from Freeman-Shor's unique position of managing these investors on a day-to-day basis.

A riveting read for investors of every level, this book shows you exactly what to do and what not to do when your big idea is losing or winning - and demonstrates conclusively why the most important thing about investing is always the art of execution.

  • Sales Rank: #854966 in Books
  • Published on: 2015-09-14
  • Original language: English
  • Number of items: 1
  • Dimensions: 8.50" h x .47" w x 5.50" l, .73 pounds
  • Binding: Paperback
  • 208 pages

Review
"This book isn't really about investing, instead it's more of an exploration of human behaviour under different types of stress, and this is what makes the book fascinating...This book is written to appeal to all kinds of investors, and is bound to appeal to both the author's peers and to the inexperienced investor." - Owen Jones, Fidelity Personal Investing "I think that you make a very good point, which is that there are many styles to investing as there are ways to go through life, but the person who knows his character, and is knowing of his environment and his investment horse, is the one that wins over the long term, provided that he is asked to make defined decisions, which strip the investor of his natural inclination to hedge his bets." - Crispin Odey, hedge fund manager and founding partner of Odey Asset Management "I am often asked by graduate students what books I have read that I could recommend they read to make the students better investors. My answer generally is that the student should read the Intelligent Investor and the Reminiscences of a Stock Operator; I will now add your book to the short list for students to read...I wish I had read this book thirty years ago!" - Dennis M. Bryan, Partner at FPA and a legendary investor in the USA "As investors we all know that we should let the winners run and cut the losers. The question is how this works in practice in investment management. Freeman-Shor provides a comprehensive framework how to deal with losing positions and how to make winning positions have a big positive impact on your portfolio returns. A great read for investment novices and professionals alike." - Dirk Enderlein, partner and fund manager at Wellington "With a unique insight into the day to day behaviours of some of the world's best fund managers Lee Freeman-Shor draws out some invaluable lessons for both the private and professional investor and lays bare the behavioural pitfalls we are all subject to in executing our investment ideas" - James Inglis-Jones, fund manager at Liontrust "I truly enjoyed reading your book. Not often I read a book that has so many relevant real-life examples. I also enjoyed reading the quotes very appropriate. You summarize a winning strategy in a very concise manner while backing it up with both examples and data. It is a must read for all managers and allocators. I will order my copy right away and will send some to our clients." - Arik Ahitov, Managing Director and fund manager at FPA "I really enjoyed reading it, although I have to say it was in some respects a chastening experience as - in spite of best efforts - there are times when I lapse into some of the negative behaviours you identify. I think the insights are terrific though and it will serve as an 'internal voice of conscience' forcing me to scrutinise execution and timing more thoroughly" - Daniel Nickols, fund manager and Head of UK Small and Mid-Cap equities at Old Mutual Global Investors "An enjoyable and thought provoking read, from somebody with the real life evidence to back up the findings. An easy to read and enlightening study of behavioural finance, brought to life with real life experiences" - Kevin Lilley, Europe ex UK fund manager, Old Mutual global Investors "It is an interesting and easy read with useful insights for the private investor." - Jeremy Prescott, Private Investor

Review
"This book isn't really about investing, instead it's more of an exploration of human behaviour under different types of stress, and this is what makes the book fascinating...This book is written to appeal to all kinds of investors, and is bound to appeal to both the author's peers and to the inexperienced investor."
- Owen Jones, Fidelity Personal Investing

"I think that you make a very good point, which is that there are many styles to investing as there are ways to go through life, but the person who knows his character, and is knowing of his environment and his investment horse, is the one that wins over the long term, provided that he is asked to make defined decisions, which strip the investor of his natural inclination to hedge his bets."
- Crispin Odey, hedge fund manager and founding partner of Odey Asset Management

"I am often asked by graduate students what books I have read that I could recommend they read to make the students better investors. My answer generally is that the student should read the Intelligent Investor and the Reminiscences of a Stock Operator; I will now add your book to the short list for students to read...I wish I had read this book thirty years ago!"
- Dennis M. Bryan, Partner at FPA and a legendary investor in the USA

"As investors we all know that we should let the winners run and cut the losers. The question is how this works in practice in investment management. Freeman-Shor provides a comprehensive framework how to deal with losing positions and how to make winning positions have a big positive impact on your portfolio returns. A great read for investment novices and professionals alike."
- Dirk Enderlein, partner and fund manager at Wellington

"With a unique insight into the day to day behaviours of some of the world's best fund managers Lee Freeman-Shor draws out some invaluable lessons for both the private and professional investor and lays bare the behavioural pitfalls we are all subject to in executing our investment ideas"
- James Inglis-Jones, fund manager at Liontrust

"I truly enjoyed reading your book. Not often I read a book that has so many relevant real-life examples. I also enjoyed reading the quotes very appropriate. You summarize a winning strategy in a very concise manner while backing it up with both examples and data. It is a must read for all managers and allocators. I will order my copy right away and will send some to our clients."
- Arik Ahitov, Managing Director and fund manager at FPA

"I really enjoyed reading it, although I have to say it was in some respects a chastening experience as - in spite of best efforts - there are times when I lapse into some of the negative behaviours you identify. I think the insights are terrific though and it will serve as an 'internal voice of conscience' forcing me to scrutinise execution and timing more thoroughly"
- Daniel Nickols, fund manager and Head of UK Small and Mid-Cap equities at Old Mutual Global Investors

"An enjoyable and thought provoking read, from somebody with the real life evidence to back up the findings. An easy to read and enlightening study of behavioural finance, brought to life with real life experiences"
- Kevin Lilley, Europe ex UK fund manager, Old Mutual global Investors

"It is an interesting and easy read with useful insights for the private investor."
- Jeremy Prescott, Private Investor

About the Author
Lee Freeman-Shor currently manages over $1bn in High Alpha and Multi-Asset strategies. Lee was ranked as one of the world's top fund managers in Citywire 1000 in 2012. He has been AAA rated by Citywire, Gold rated by S&P Capital IQ fund research and is Bronze rated by MorningstarOBSR. He has been at Old Mutual Global Investors since October 2005 and was previously Co-Head of Equity Research. Prior to joining Old Mutual Global Investors Lee worked for Schroders, Winterthur and in private client wealth management and has over 16 years investment experience. Lee holds the Investment Management Certificate and has an LL.B (Hons) law degree From Nottingham Trent University. He currently lives in Maidenhead, England with his wife Michal and their son Adam. In his spare time he enjoys going to the movies and having fun with his family.

Most helpful customer reviews

14 of 14 people found the following review helpful.
Can save your bacon
By investingbythebooks
I’m a terrible snob when it comes to investment literature. Books written for private investors rarely interest me. This is different. This might be the most important book on investments that a private investor can read – if he can gather the discipline to follow the advice. It might actually save quite a few professional portfolio managers’ bacon as well.

Lee Freeman-Shor is the PM of Old Mutual’s Best Ideas Fund. The fund’s strategy is to select the 45 best investors they can find and let them invest in 10 stocks each. The aggregate of the underlying positions makes up the fund. The interesting thing from the perspective of the reader of this book is that this has given the author an unprecedented real time access to analyze and learn from the best during a long stretch of years. It turns out that less than half of the PMs’ positions were profitable. Some PMs lost money on as much as 2/3rds of their positions. And still, on average these elite investors generated good or even great overall investment results. How this could be is the content of this book. The short answer is so called money management.

The author first analyzed how the PMs acted when it came to their loosing positions, dividing them into three groups according to their behaviour. The Rabbits that didn’t handle loosing positions well and the Assassins and the Hunters who had two different profitable methods to turn losses around. Then Freeman-Lee looked to the opposite – how the PMs handle winning positions. They are now sorted into the unsuccessful Raiders and the top performing Connoisseurs. For each investor type the author analyzes their behavioural biases and discusses what could be learnt from what they are doing wrong and what they are doing right. A bit like The Little Book of Behavioural Investing by James Montier, but for the private investor and with a money management touch.

The thing with losses is that they become disproportionally harder to come back from the larger they get. If a stock goes down 25 percent it has to go up 33 percent to get even. If it goes down 50 percent it has to go up 100 percent and if it goes down 75 percent it has to go up 300 percent. The one thing you cannot do when experiencing losses is nothing. This is what the Rabbits did and they ended up in rabbit holes that were so deep that they couldn’t come back from the losses. Two things work – either you sell or you buy. The Assassins used stop-losses that gave them a fair amount of small losses but never the big ones that were impossible to turn around to profits. This is the typical trend following investor. The Hunters instead waited a little longer and then they doubled down by adding to the position. By doing this they lowered their average purchase price to something that was possible to make a profit from when the stock turned up again. This is the typical value investor.

The loosing habit in handling profits was taking profits too early. High returns are built “through preservation of capital and home runs” as Stanley Druckenmiller put it. A successful portfolio’s return is disproportionally created by a few very successful holdings. By selling as soon as a nice profit was at hand the Raiders effectively closed down their chance of home runs. Don’t.

This is a book written for private investors so it is very simple. Take away the case studies and use normal size font and it could be 70 pages. For its stated audience it is great. There is a fine balance in writing about a specialist area to the broader public. The good author writes for an intelligent person who doesn’t know much about the subject. The bad treats his readers like children. Freeman-Shor is in the good camp. I also like that he, in contrast to trading literature, gives a fuller range of money management options suited to both trend following investors and value investors.

The professional investor will not be surprised by anything in this book. Yet his performance could be vastly improved if he followed the advice. Simple but not easy.

18 of 24 people found the following review helpful.
Another Book Review From The Aleph Blog
By David Merkel
Some books are better in concept than they are in execution. Ironically, that is true of “The Art of Execution.”

The core idea of the book is that most great investors get more stocks wrong than they get right, but they make money because they let their winners run, and either cut their losses short or reinvest in their losers at much lower prices than their initial purchase price. From that, the author gets the idea that the buy and sell disciplines of the investors are the main key to their success.

I know this is a book review, and book reviews are not supposed to be about me. I include the next two paragraphs to explain why I think the author is wrong, at least in the eyes of most investment managers that I know.

From my practical experience as an investment manager, I can tell you that your strategy for buying and selling is a part of the investment process, but it is not the main one. Like the author, I also have hired managers to run a billion-plus dollars of money for a series of multiple manager funds. I did it for the pension division of mutual life insurer that no longer exists back in the 1990s. It was an interesting time in my career, and I never got the opportunity again. In the process, I interviewed a large number of the top long-only money managers in the US. Idea generation was the core concept for almost all of the managers. Many talked about their buy disciplines at length, but not as a concept separate from the hardest part of being a manager — finding the right assets to buy.

Sell disciplines received far less emphasis, and for most managers, were kind of an afterthought. If you have good ideas, selling assets is an easy thing — if your ideas aren’t good, it’s hard. But then you wouldn’t be getting a lot of assets to manage, so it wouldn’t matter much.

Much of the analysis of the author stems from the way he had managers run money for him — he asked them to invest on in their ten best ideas. That’s a concentrated portfolio indeed, and makes sense if you are almost certain in your analysis of the stocks that you invest in. As such, the book spends a lot of time on how the managers traded single ideas as separate from the management of the portfolio as a whole. As such, a number of examples that he brought out as bad management by one set of managers sound really bad, until you realize one thing: they were all part of a broader portfolio. As managers, they might not have made significant adjustments to a losing position because they were occupied with other more consequential positions that were doing better. After all, losses on a stock are capped at 100%, while gains are theoretically infinite. As a stock falls in price, if you don’t add to the position, the risk to the portfolio as a whole gets less and less.

Thus, as you read through the book, you get a collection of anecdotes to illustrate good and bad position and money management. Any one of these might sound bright or dumb, but they don’t mean a lot if the rest of the portfolio is doing something different.

This is a short book. The pages are small, and white space is liberally interspersed. If this had been a regular-sized book, with white space reduced, it might have taken up 80-90 pages. There’s not a lot here, and given the anecdotal nature of what was written, it is not much more than the author’s opinions. (There are three pages citing an academic paper, but they exist as an afterthought in a chapter on one class of investors. It has the unsurprising result that positions that managers weight heavily do better than those with lower weights.) As such, I don’t recommend the book, and I can’t think of a subset of people that could benefit from it, aside from managers that want to be employed by this guy, in order to butter him up.

Quibbles

The end of the book mentions liquidity as a positive factor in asset selection, but most research on the topic gives a premium return to illiquid stocks. Also, if the manager has concentrated positions in the stocks that he owns, his positions will prove to be less liquid than less concentrated positions in stocks with similar tradable float.

Summary / Who Would Benefit from this Book

Don’t buy this book.

3 of 3 people found the following review helpful.
Good summary of behavior and value investing ideas; comes with a free eBook copy!
By Taylor
Note: I received a promotional copy of this book from the publisher in exchange for sharing my thoughts AFTER reading it.

Professor Failure

What can we learn from failure? Aside from the fact that there’s an entire industry of business literature fetishizing the idea that it has much to teach us (as a kind of doppelgänger to the decades of success literature that took a person or business’s success as given and tried to look backward for an unmistakeable pattern that could’ve predicted it) I’m personally skeptical of what failure might teach. Life is complex and there is often little to separate the failure and the success but timing and luck in certain endeavors.

So, I approached Freeman-Shors book with some trepidation as the subtitle of the book suggests this is a study of failure. Au contraire, what we have here is actually a psychological or behavioral study, somewhat in the vein of Benjamin “you are your own worst enemy in investing” Graham, which studies not failure per se, but rather how investors respond differently to failure and thereby either seal their fate or redeem themselves.

A Behavioral Typology

The book recounts the investment results of several different groups of portfolio managers who were categorized, ex post facto, into various groups based upon how they reacted to adverse market conditions for stocks they invested in. The Rabbits rode most of their failed investments down to near-zero before bailing out and taking the loss. The Assassins had a prescribed set of rules for terminating a losing position (either a % stop-loss, or a maximum time duration spent in the investment such as a year or a quarter). The Hunters kept powder dry and determined ahead of time to buy more shares on a pullback (ie, planned dollar-cost averaging).

While I am suspicious of backward-looking rule fitting, I do think the author’s logic makes sense. What it boils down to is having a plan ahead of time for how you’d react to failure. The Rabbits biggest mistake is they had none whatsoever, while the Assassins managed to protect themselves from total drawdowns but perhaps missed opportunities to profit on volatility rebounds. The author seems most impressed with the Hunters, who habitually started at a less than 100% commitment of funds to a planned position and then added to their investment at lower prices when the market gave them an opportunity to do so.

Freeman-Shor’s point is that when the price falls on your investment you need to decide that something material has changed in the story or facts and you sell, or else you need to be ready to buy more (because if it was a good buy at $10, it’s a great buy at $5, etc.) but you can not just hang tight. That isn’t an investment strategy. This is why I put this book in the Benjamin Graham fold, the message is all about being rational ahead of time about how you’d react to the volatility of the market which is for all intents and purposes a given of the investing landscape.

Learning From Success, Too

The author goes over a couple other behavioral typologies, Raiders and Connoisseurs. I won’t spoil the whole book, it suffices to say that this section is worth studying as well because it can be just as nerve-wracking to try to figure out whether to take some profit or let a winner ride when you have one. Freeman-Shor gives some more thoughts based on his empirical observations of other money managers who have worked for him on when it’s best to do one or the other.

More helpfully, he summarizes the book with a winner’s and loser’s checklist.

The Winner’s Checklist includes:

-Best ideas only
-Position size matters
-Be greedy when winning
-Materially adapt when losing
-Only invest in liquid stocks

The last bit is probably most vital for a fund manager with redeemable capital.

The Loser’s Checklist includes:

-Invest in lots of ideas
-Invest a small amount in each idea
-Take small profits
-Stay in an investment idea and refuse to adapt when wrong
-Do not consider liquidity

Free e-Book With Purchase!

It is hard for me to decide in my own mind if this book is a 3.5 or a 4 on a 5-point scale. I think of a 5 as a classic, to be read over and over again, gleaning something new each time. This would be a book like Security Analysis: Sixth Edition, Foreword by Warren Buffett (Security Analysis Prior Editions) or The Intelligent Investor: The Definitive Book on Value Investing. A Book of Practical Counsel (Revised Edition) (Collins Business Essentials). A 4 is a good book with a lot of value and a high likelihood of being referenced in the future, but not something I expect to get a new appreciation for each and every time I read it. A 3 is a book that may have been enjoyable overall and provided some new ideas but was overall not as interesting or recommendable.

While I enjoyed this book and did gain some insight from it, and I think the editorial choices in the book were bold, it’s closer to a 3 in my mind than a 4 just in terms of the writing and the ideas. I’ve found a lot of the content in other venues and might’ve rated it higher on my epiphany scale if this was one of the first investment books I ever read.

But something that really blew me away is that the publisher, Harriman House, seems to have figured out that people who buy paper books definitely appreciate having an e-Book copy for various reasons and decided to include a copy for free download (DRM-free!!) in the jacket of the book. This is huge. I read my copy on a recent cross-country flight and was really agonizing about which books from my reading stack wouldn’t make the trip for carry-on space reasons and then realized I could take this one with me on my iPad and preserve the space for something else. That’s a big value so I am going with a 4 as a result.

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