Deals

整追蹤巴菲特從一百到一億最重要的22筆交易從撿雪茄屁股策略到價值投資，看懂巴菲特的投資決策與進化，組建個人最強交易邏輯買太貴、賣太早、選不到好標的、買了又後悔、看不懂市場先生在搞什麼……無論股市菜雞還是投資老手有過的糾結，巴菲特都曾經歷過，但他也因為一次次「愚蠢的」失誤，梳理出「價值投資」的真諦，晉升超級富裕集團。《金融時報》暢銷書作家、金融學教授葛倫．雅諾德，身為波克夏・海瑟威的股東之一，20年來追蹤波克夏的經營策略，見證波克夏從市場的新手玩家一路發展成全美淨資產最高的企業。在系列書《巴菲特的對帳單》中，雅諾德完整記錄巴菲特投資生涯中的重要交易與對帳單，讀者可以隨巴菲特的投資軌跡，看見他不斷修正自己的投資策略，洗鍊出價值投資的重要原則，也回頭重新檢視自己的投資歷程，組織個人的最強獲利邏輯。1941年～1978年這段時期，是巴菲特發展並磨礪投資哲學的成形期，他確知價值投資的優勢，但仍不確定該如何「正確使用」，就像每個投資人一樣時而搖擺不定，甚至半放棄地宣告「這個市場瘋了，找不到任何可以買的標的」。雖然如此，巴菲特還是一步步建構出自己的投資金律。在這段時間內他最重要的策略進化，就是從只看收益、企業淨資產價值的「追低價」，轉換到納入安全邊際、護城河、顧客忠誠度等財報上無法直接掌握的指標，更準確估算一家企業的真實價值。巴菲特如何讓投資生涯最大失誤波克夏・海瑟威，成為全美淨資產最高公司？本書展現巴菲特從120美元的儲蓄起步，直至達成第一個1億美元的投資軌跡。書中不僅收錄了耳熟能詳的蓋可保險、美國運通、喜詩糖果和《華盛頓郵報》等案例，也收錄了起死回生的鄧普斯特公司、令巴菲特陷入困局的洛克伍德公司的故事。在每一個案例結尾，作者都整理出學習要點，讓讀者能夠從巴菲特經歷過的成功和挫敗中學習。推薦讀者 新手投資人：從巴菲特早期的投資經驗中學習穩健投資的原則，透過理解他的失敗和成功，建立投資信心和基礎知識。 資深投資人：從巴菲特的投資案例中得到靈感和策略上的指導， 尋求新的洞見和策略以持續優化自己的投資組合，以便面對市場的挑戰。「凡是不記取過去的人，必將重蹈覆轍。」──西班牙哲學家桑塔亞納（George Santayana）從《巴菲特的對帳單》看股神如何記取教訓，建立領先大盤又穩健獲利的投資邏輯。

十個重要投資，寫下巴菲特投資生涯最璀璨時期看懂巴菲特如何透過「預測企業未來獲利能力」，組建打敗大盤的最強投資組合從追求價差到嚴選複利標的，看巴菲特如何參透價值與時間的真諦，複製成功模式，打造勝率超越大盤的最強投資組合。《金融時報》暢銷書作家、金融學教授葛倫．雅諾德，身為波克夏・海瑟威的股東之一，20年來追蹤波克夏的經營策略，見證波克夏從市場的新手玩家一路發展成全美淨資產最高的企業。在系列書《巴菲特的對帳單》中，他完整記錄巴菲特投資生涯中的重要交易與對帳單，讀者可以隨巴菲特的投資軌跡，看見他如何不斷修正自己的投資策略，洗鍊出價值投資的重要原則，也回頭重新檢視自己的投資歷程，組織個人的最強獲利邏輯。1978年～1997年這段時期，是巴菲特投資生涯中最令人興奮的時刻，他擺脫了第一階段對市場的徬徨，簡化投資組合並嚴守投資紀律，並在此階段在價值投資的基礎上，納入企業未來的獲利能力為選股標準，成功練就出精準估值眼光，透過蓋可、可口可樂、寶霞珠寶、寶僑等十筆關鍵交易，讓波克夏的股價四年內從89元飆漲到2600元，漲幅達29倍，遙遙領先標普500。體現好公司持續為你賺錢的複利喜悅，像巴菲特與蒙格繼續開心地跳著踢踏舞上班本書記錄巴菲特從一億美元翻到十億美元的奇幻旅程，在這段時期，不僅波克夏的股價從89美元翻到驚人的2600美元，巴菲特更是一手包辦了一連串投資巨作。每一筆交易都像是一顆閃爍的寶石，它們合在一起，就成了巴菲特不同凡響的投資王國。作者分析這些交易背後巴菲特的決策關鍵，並羅列學習重點，幫助讀者快速掌握投資要訣，打造個人穩健複利投資模式，讓錢為你賺更多錢。推薦讀者 新手投資人：複製巴菲特的成功投資軌跡，打造出個人專屬的穩健投資組合。 資深投資人：從巴菲特的投資案例中擷取智慧，為資金做最有效的配置，更快速累積財富。「人生就像雪球一樣，你所需要的就是找到濕漉漉的雪和一條長長的坡道。」──華倫．巴菲特從巴菲特的對帳單看股神如何創造並享受複利成果，建立領先大盤又穩健獲利的投資邏輯。

什麼樣的企業可以獲得巴菲特的「信任」？什麼樣的企業內在價值被低估，其實是能創造複利的金雞母？看巴菲特如何善用「信任邊際」，複製成功的投資案例老是錯估標的的內在價值，更抓不準什麼時間該進場。以為可以長期持有利滾利，結果只是抱過一座山。《金融時報》暢銷書作家、金融學教授葛倫．雅諾德，身為波克夏・海瑟威的股東之一，20年來追蹤波克夏的經營策略，見證波克夏從市場的新手玩家一路發展成全美淨資產最高的企業。在系列書《巴菲特的對帳單》中，雅諾德完整記錄巴菲特投資生涯中的重要交易與對帳單，讀者可以隨巴菲特的投資軌跡，看見他不斷修正自己的投資策略，洗鍊出價值投資的重要原則，也回頭重新檢視自己的投資歷程，組織個人的最強獲利邏輯。呈現1989到2015年間，巴菲特已屆一般人退休的年紀，但他的事業卻全然不見放緩，反而更加精進，巴菲特絕大部分的資產都是在這個階段獲得；光是在1989到1998年間，波克夏的股價就上漲14倍，市值從50億衝上1000億美元，身為波克夏的主要持股人，這段期間等於是本金急據放大的時期。巴菲特複製成功經驗，引領波克夏成為全美最大投資公司的十筆交易善用信任邊際，估算內在價值，學習巴菲特讓本金無限放大的必備技能巴菲特在1990年代前後，陸續投資了以下幾家公司——富國銀行（Wells Fargo）、全美航空（USAir）、美國運通（American Express）、鞋業集團（The Shoe Group）、哈斯柏格鑽石商店（Helzberg Diamond Shops）、威利家具（RC Willey）、飛航安全國際（FlightSafety International）、冰雪皇后（Dairy Queen）、利捷航空（NetJets）、通用再保險（General Re）。這十筆重要的投資，讓波克夏成為市價超過一千億美元的世界巨頭。書中不僅分析巴菲特的成功，也檢討了巴菲特的失敗，以及巴菲特如何在失敗當中降低傷害。他能精心挑選能幫他賺錢的公司，並以合適價格購入，讓我們從中學習到寶貴的投資經驗，檢視這些投資，可以看出巴菲特的決策與分析邏輯，我們可以藉此預防自己看錯問題，或沒有提防到重要的細節。

The 30th and final Elmer storybook from BookTrust Lifetime Achievement Award winner David McKee, about caring for elderly family members, featuring a reading guide and a link to online resources from Alzheimer's Research UK.Aunt Zelda has a gift to give to Elmer from his Grandpa Eldo, but she can't remember what it is or where it is. Zelda's memory sometimes escapes her, and her hearing isn't what it used to be, so they set off together to find Grandpa Eldo and solve the mystery of the forgotten gift.In his 30th storybook, Elmer's love, patience and respect for his Aunt Zelda and Grandpa Eldo makes for a heart-warming depiction of family life with elderly relatives, and deftly deals with themes relating to dementia with love and respect.

Never has there been a more perfect time to empower children to take the lead and educate their grown-ups about climate change. Featuring a foreword by internationally renowned climate scientist Dr Michael E. Mann and bursting with fabulous original illustrations, this delightfully witty book deals with the pressing topic of our changing planet in an uplifting, positive manner.Interwoven amongst the more serious questions – why is Earth so special in the first place? How do we know about climate change? What causes it? How can we recognise false information? – are fun-filled facts about cow burps, woolly mammoths, panda-shaped solar panels, and much more. Crucially, this book also equips children and adults alike with the practical tools they need to tackle climate change in their everyday lives. And there’s a handy quiz at the end so that you can check your grown-up has been paying attention!

A tense, page-turning story that sensitively deals with themes of family upheaval and kleptomania, by the bestselling author of Ella on the Outside. Ren's family lose their home in a fire. They're living with her grandmother now and things are a bit tense.Ren lost her collection of things, her clothes; her brother lost his little bear and is inconsolable. So Ren starts replacing things with other people's possessions. They've got loads of stuff, after all.But she gets caught and has to strike a terrifying deal to avoid detection...

The sixth and final volume of friendship stories for emerging readers featuring three friends—a bunny, a worm, and a frog—who get into zany, kid-friendly conflicts and adventures.Blue, Barry, and Pancakes are best friends! They love roller skates, inflatable rubber ducks, and going on HIGH VELOCITY adventures!After a series of wacky misadventures, Blue, Barry, and Pancakes find themselves inside a Roller Duck Ball stadium. Forced to compete in this nonsensical yet highly popular sport, the gang discovers a natural talent for the game, and their first victory launches them towards athletic stardom! As endorsement deals and branded merchandise offers pile up, will our three friends be able to stay humble and hold onto their friendship? Or will the pressures of fame and success tear them apart?!Like all friends, Blue, Barry, and Pancakes can make mistakes . . . but at the end of the day, they always have each other’s backs. And tops, and sides, and fronts, too!

An introduction to geography, which is all about how the world affects people, and how people affect the world.The world we live in is complex and constantly changing. It's battered by weather, shaken by earthquakes, and mined, farmed and polluted by humans. This book helps readers understand these processes, make sense of our relationship with the planet, and find ways to change it for the better. Geography is a HUGE subject area that deals with so much more than map-making, rocks, and town planning. This book unpicks how an awareness of geography helps people think about how important the world around us is, from the landscape we live on to the relationships between entire countries.Part of the award-winning 'for Beginners' series, which explains big subjects to kids in late primary and early secondary education. Each book outlines what those subjects are about, which big questions experts are grappling with, and what jobs people who study them might go on to do.Part of the award-win