Category Archives: Finance

Jim Cramer’s Real MoneySane Investing in an Insane WorldBy James J. Cramer

Even after repeated boom and bust cycles on Wall Street, it’s still possible to make real money in the stock market—provided investors take a disciplined approach to investing. Financial guru Jim Cramer shows how ordinary investors can prosper, no matter the climate on Wall Street.

How do we find hot stocks without getting burned? How do we fatten our portfolios and stay financially healthy? Former hedge-fund manager and longtime Wall Street commentator Jim Cramer explains how to invest wisely in chaotic times, and he does so in plain English in a style that is as much fun as investing is—or should be, when it’s done right.

For starters, Cramer recommends devoting a portion of your assets to speculation. Everyone wants to find the big winners that can bring outsized gains, and Cramer explains how to allocate your portfolio so that you can afford to take this kind of risk wisely. He explains why “buy and hold” is a losing philosophy: For Cramer, it’s “buy and homework.” If you can’t spend an hour a week researching each of your stocks, then you should hand off your portfolio to a mutual fund—and Cramer identifies the very few mutual funds that he’d recommend.

Cramer reveals his Ten Commandments of Trading (Commandment #5: Tips are for waiters). He explains why he’s not afraid to compare investing to gambling (and tells you which book on gambling you should read to become a better investor). He discloses his Twenty-Five Rules of Investing (Rule #4: Look for broken stocks, not broken companies).
Cramer shows how to compare stock prices in a way that you can understand, how to spot market tops and bottoms, how to know when to sell, how to rotate among cyclical stocks to catch the big moves, and much more. Jim Cramer’s Real Money is filled with insider advice that really works, information that Cramer himself used to make millions during his fourteen-year career on Wall Street.

Written in Cramer’s distinctive turbocharged style, this is every investor’s guide to what you really must know to make big money in the stock market.

I found Jim Cramer’s book to be very straight forward and chock full of interesting and useful information, as well as tips, for you or I to pick our own stocks. And potentially, increase our wealth. There is no wealth without risk, but be wise in the risk you take! And ensure that you not only take calculated risks, but most importantly…DO YOUR HOMEWORK!

Godspeed & Good Reads!

Doc Murf

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When Helping Hurts: How to Alleviate Poverty Without Hurting the Poor . . . and Yourself by Steve Corbett & Brian Fikkert

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Poverty is much more than simply a lack of material resources, and it takes much more than donations and handouts to solve it. When Helping Hurts shows how some alleviation efforts, failing to consider the complexities of poverty, have actually (and unintentionally) done more harm than good.

But it looks ahead. It encourages us to see the dignity in everyone, to empower the materially poor, and to know that we are all uniquely needy—and that God in the gospel is reconciling all things to himself.

Focusing on both North American and Majority World contexts, When Helping Hurts provides proven strategies for effective poverty alleviation, catalyzing the idea that sustainable change comes not from the outside in, but from the inside out.

This book sure does highlight much of which we take for granted concerning the helping of those less fortunate. We can certainly create far more harm than good in our dealings with the poor by just giving and not teaching, mentoring, and developing!

Godspeed & Good Reads!

Doc Murf

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The Millionaire Mind by Thomas J. Stanley



The Millionaire Mind targets a population of millionaires who have accumulated substantial wealth and live in ways that openly demonstrate their affluence. Exploring the ideas, beliefs, and behaviors that enabled these millionaires to build and maintain their fortunes, Dr. Stanley provides a fascinating look at who America’s financial elite are and how they got there. 

The book was an enjoyable read. I believe it added a new dimension to Napoleon Hill’s book, Think & Grow Rich. Well worth the time to read and put into practice, and possibly pass on the info to your children.

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The Millionaire Next Door: The Surprising Secrets of America’s Wealthy by Thomas J. Stanley and William D. Danko

Millionaire NDThe bestselling The Millionaire Next Door identifies seven common traits that show up again and again among those who have accumulated wealth. Most of the truly wealthy in this country don’t live in Beverly Hills or on Park Avenue-they live next door.

In this New York Times best-selling book, The Millionaire Next Door: The Surprising Secrets of America’s Wealthy, Dr. Thomas J. Stanley uses over two decades worth of surveys, personal interviews with millionaires, and data to reveal the secrets for building wealth in America.

In The Millionaire Next Door, Dr. Stanley shattered the contemporary held beliefs about America’s rich – and how they got that way. It is seldom inheritance or advanced degrees or even intelligence that builds fortunes in this country. Wealth in America is more often the result of hard work, diligent savings, and living below your means. The Millionaire Next Door reveals the common denominators that show up again and again among those who have accumulated wealth.

Each of the traits shown are very wise traits for anyone trying to get ahead.  And despite it being written in 1996, the tips and traits written about are as valid as the original Think & Grow Rich by Napoleon Hill.  Both an excellent and an informative one…as well as, a quick read.

Godspeed & Good Reads!

Doc Murf

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Pieces of Eight : The Monetary Powers and Disabilities of the United States Constitution [Hardcover] by Edwin Vieira Jr.

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Dr. Vieira is the most un-Harvard-lawyer-like Harvard lawyer you will ever meet. The “Dr.” comes from his Ph.D. in chemistry from the same institution, which he earned a few years before he went back and got his J.D. He is among the foremost Constitutonal scholars in the U.S., and the undisputed expert on the history and Constitutional Law of Money and Banking.

If you really want to learn something about American History, the History of Money, or the devolution over the past 150 years of what passes for ‘Law’ in these united States, I cannot recommend this book highly enough. Pieces of Eight is an exhaustive, detailed, and copiously footnoted (but highly readable, and routinely fascinating) compilation, synthesis, and exegesis of the history and Constitutional Law (and un-Constitutional ‘law’!) of money and banking in the U.S, and is the result of a lifetime of research by a tenacious, literate, and truly a constitutionally smart man who is 3 for 4 in front of the Supreme Court.

If you want to know what the Framers of the Constitution really knew about money — actually, quite a lot, certainly MUCH more than our purported “representatives” today — and why they put VERY specific language in the Constituton to ensure the proper rôle of money and banking consistent with a Free society, this book lays it out in stark, clear terms. In particular, if you want the definitive, airtight (and sordid) answers to politically incorrect questions such as “Why has nobody ever challenged the clearly unconstitutional Fed’s constitutionality in court?”, this book is the only place you’re going to find them.

As Dr. Vieira mentions in his recent announcement at the gata.org website, the first printing came along at a time when our monetary, economic, and political situation was only marginally less dire than it is today, but even so, marginally enough that Pieces of Eight received less notice at the time than it so overwhelmingly deserves. In the intervening time, the book has begun to become recognized, and our situation has deteriorated to the point at which even the most obtuse among us have begun to sense that something is deeply, deeply, wrong, even if they can’t put their finger on what it is. Pieces of Eight nails the source of the wrongness indelibly to the wall. In the words of an Amazon review appearing as of this writing: “Reading the last few chapters of this the 2d edition released in 2002 is like reading prophecy about the economic situation that the US is experiencing in 2009.”

Hosea 4:6 seems to be very appropriate, “My people are destroyed for lack of knowledge.” Dr. Vieira is taking the risk that there are a sufficient number of people out there who care enough about our Republic to take the effort to learn what TRULY went wrong, and how to fix it. If there are not, and the free market of ideas (what little is left of it and the 1st Amendment, anyway) does not choose to support it, then we are all truly, utterly, and completely screwed anyway.

Our Founding Fathers believed a man placed in a position of power had a tendency to abuse that power. It was for this reason they determined to have a monetary system of value based metal, because they had so much “rag money” of worthless paper which had built up throughout the war period.

This book is by far the greatest resource for the history of money of the United States, starting prior to its very inception. Since I am on the mend from surgery I have nothing but time to use as I desire…this was one of my goals. God blessed me with a desire to learn & expand my horizons. During this entire healing period I’ve had at least 3-4 books started. It is truly amazing what a person can do with the gifts God has given us!

Godspeed & Good Reads!
Doc Murf

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The Bubble that Broke the World by Garet Garrett

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What caused the stock-market crash of 1929 and the Great Depression that followed?

This book blows away the conventional interpretations, not only in its contents but that the book exists at all. The Bubble that Broke the World was written in 1931. Author Garet Garrett ascribes the crash to the pileup of debt, which in turn was made possible by the Federal Reserve’s printing machine. This created distortions in the production structure that cried out for correction. So what is the answer? Let the correction happen and learn from our mistakes.

Such is the thesis of the great Garet Garrett. But take note: this book was a big seller in 1931. In other words, two years before FDR arrived with his destructive New Deal, ascribing the Depression to capitalism and speculation, Garrett had already explained what was really behind the correction.

We are still fighting an uphill battle to explain the true causes of stock-market crashes and economic recessions, especially the Great Depression. But here in this wonderful book is an actual contemporary account that spelled it out plainly for the world to see.

No more can we say that people back then could not have understood. Garrett told them. And thanks to this new edition of this classic and important work, he is telling us again today.

Free download

Godspeed & Good Reads!
Doc Murf

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The Warren Buffett Portfolio: Mastering the Power of the Focus Investment Strategy Robert G. Hagstrom

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The Warren Buffett Way provided the first look into the strategies that the master uses to pick stocks. A New York Times bestseller, it is a valuable and practical primer on the principles behind the remarkable investment run of the famed oracle of Omaha. In this much-awaited companion to that book, author Robert Hagstrom takes the next logical step, revealing how to profitably manage stocks once you select them. THE WARREN BUFFETT PORTFOLIO will help you through the process of building a superior portfolio and managing the stocks going forward.

Building a concentrated portfolio is critical for investment success. THE WARREN BUFFETT PORTFOLIO introduces the next wave of investment strategy, called focus investing. A comprehensive investment strategy used with spectacular results by Buffett, focus investing directs investors to select a concentrated group of businesses by examining their management and financial positions as compared to their stock prices. A strategy that has historically outperformed the market, focus investing is based on the principle that a shareholder’s return from owning a stock is ultimately determined by the economics of the underlying business.

Hagstrom explains in easy-to-understand terms exactly what focus investing is, how it works, and how it can be applied by any investor at any level of experience. He demonstrates how Buffett arranges his stocks in a focus portfolio and reveals why this is as responsible for his incredible returns as the individual stocks he picks. Ultimately, Hagstrom shows how to use this technique to build and manage a portfolio to achieve the best possible results.

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Rich Dad, Poor Dad: What the Rich Teach Their Kids About Money by Robert T. Kiyosaki

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Anyone stuck in the rat-race of living paycheck to paycheck, enslaved by the house mortgage and bills, will appreciate this breath of fresh air. Learn about the methods that have created more than a few millionaires. This is the first abridged miniature edition of Rich Dad Poor Dad. The full-length edition has sold millions as a New York Times bestseller. As proven by the runaway success of The Secret and like titles, changing one’s thinking to influence one’s fortune sells big, and forms the basis of rich dad’s advice. Learn to think like a rich dad and let your money work for you!

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The Wealth Of Nations (eBook) by Adam Smith

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While I read this book, though very dated, it brought to mind the power of a free market economy. Read for yourself the indications of such a writing back in the 1770s.

Adam Smith’s masterpiece, first published in 1776, is the foundation of modern economic thought and remains the single most important account of the rise of, and the principles behind, modern capitalism. Written in clear and incisive prose, The Wealth of Nations articulates the concepts indispensable to an understanding of contemporary society.

An Inquiry into the Nature and Causes of the Wealth of Nations is the magnum opus of the Scottish economist Adam Smith. It is a clearly written account of economics at the dawn of the Industrial Revolution, as well as a rhetorical piece written for the generally educated individual of the 18th century – advocating a free market economy.

The work is credited as a watershed in history and economics due to its comprehensive, largely accurate characterization of economic mechanisms that survive in modern economics; and also for its effective use of rhetorical technique, including structuring the work to contrast real world examples of free and fettered markets.

To download the “The Wealth of Nations” by Adam Smith for future reading please right mouse click, then click save to download – The Wealth Of Nations by Adam Smith

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Rapid Debt-Reduction Strategies by John F. Avanzini

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Pastor and TV preacher John Avanzini offers practical stragegies for people to emerge from their unending web of debt, arguing that God does not want people to incur debt or remain there.

Excellent basic strategies to get out of debt. This is what I used in order to prevent bankruptcy back in the 1990s. Some of these strategies are carried over into Dave Ramsey’s course. But this is pre-Ramsey.

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