Author:Jonathan Davis;
This report provides a first hand account of proceedings at the annual meeting of Berkshire Hathaway, held in Omaha, Nebraska over the weekend of May 6-7th. It is based on verbatim notes taken by a leading British professional investor who has been a shareholder in Berkshire Hathaway and followed Warren Buffett's fortunes for many years.
The report summarises the main themes of the marathon Q and A session with Buffett and his longstanding business partner Charlie Munger that have become a regular feature of Berkshire Hathaway's AGMs. This year's event was attended by 24,000 shareholders, equivalent to the attendance at a medium-sized soccer match in Britain.
Some brief observations from the editor, Jonathan Davis, are included at the end of the report.
Author:Nicolas Darvas;
This edition is only available to buyers outside the UK and British Commonwealth countries.
How I Made $2 million in the Stock Market is an extraordinary book. It tells one of the most unusual success stories in the history of the stock market.
Darvas was not a stock market professional trading on inside information. He was one half of the highest paid dance team in show business, an expert cryptic crossword compiler, and a championship ping pong player. Yet he was able to make himself a millionaire several times over by his unique investment approach. Unlike other so-called systems, it worked regardless of whether the market rose or fell.
When news of Darvas's fantastic profits and methods leaked out, he was featured in Time magazine. He then was persuaded to write a book which became an instant hit, selling nearly 200,000 copies in eight weeks.
Many of the companies talked about in this book no longer exist. Many of the stocks are no longer traded. Nevertheless, the basic principles are as sound as ever.
Author:Jean Tirole
The past twenty years have seen great theoretical and empirical advances in the field of corporate finance. Whereas, once the subject addressed mainly the financing of corporations - equity, debt, and valuation - today it also embraces crucial issues of governance, liquidity, risk management, relationships between banks and corporations, and the macroeconomic impact of corporations.
However, this progress has left in its wake a jumbled array of concepts and models that students are often hard put to make sense of. Here, one of the world's leading economists offers a lucid, unified, and comprehensive introduction to modern corporate finance theory.
Jean Tirole builds his landmark book around a single model, using an incentive or contract theory approach. Filling a major gap in the field, "The Theory of Corporate Finance" is an indispensable resource for graduate and advanced undergraduate students as well as researchers of corporate finance, industrial organization, political economy, development, and macroeconomics.
Tirole conveys the organizing principles that structure the analysis of today's key management and public policy issues, such as the reform of corporate governance and auditing; the role of private equity, financial markets, and takeovers; the efficient determination of leverage, dividends, liquidity, and risk management; and the design of managerial incentive packages. He weaves empirical studies into the book's theoretical analysis. And he places the corporation in its broader environment, both microeconomic and macroeconomic, and examines the two-way interaction between the corporate environment and institutions.
Setting a new milestone in the field, "The Theory of Corporate Finance" will be the authoritative text for years to come.
Author:Lee Hadnum
By running your business through a limited company you stand to save tens of thousands of pounds in tax and national insurance every year.
Why? To start with UK corporation tax rates are much lower than income tax rates. Secondly, company owners can pay themselves dividends, which are taxed much less heavily than other forms of income. Finally, setting up a company with your spouse allows you to split your income which almost always results in a lower tax bill.
This tax guide tells you everything you need to know about the tax benefits of using a company. It is essential reading for:
- Sole traders and partnerships thinking about setting up a company.
- Anyone running a company and wanting to pay less corporation tax, income tax and national insurance.
- Anyone about to start a business.
- Accountants who wish to advise their clients on the tax benefits of using a company.
Like all Taxcafe guides Using a Company to Save Tax is completely up to date, written in plain English and contains numerous examples and illustrations. Subjects covered include:
- Plain-English guide to corporation tax.
- Summary of company tax advantages and disadvantages.
- Detailed examples of overall tax savings enjoyed by company owners.
- How company owners can avoid paying any national insurance and income tax.
- How dividends can be used to cut your tax bill by thousands of pounds.
- How to split income with your spouse to achieve further tax savings.
- How to incorporate an existing business.
- The tax benefits and drawbacks of using an offshore company.
