Most Popular Books by John Rothchild

The author explains how to devise a mutual fund strategy, shows how to pick stocks and describes how the individual investor can improve his or her performance to rival that of the experts of the investment clubs.

THE NATIONAL BESTSELLING BOOK THAT EVERY INVESTOR SHOULD OWN Peter Lynch is America''s number-one money manager. His mantra: Average investors can become experts in their own field and can pick winning stocks as effectively as Wall Street professionals by doing just a little research. Now, in a new introduction written specifically for this edition of One Up on Wall Street, Lynch gives his take on the incredible rise of Internet stocks, as well as a list of twenty winning companies of high-tech ''90s. That many of these winners are low-tech supports his thesis that amateur investors can continue to reap exceptional rewards from mundane, easy-to-understand companies they encounter in their daily lives. Investment opportunities abound for the layperson, Lynch says. By simply observing business developments and taking notice of your immediate world -- from the mall to the workplace -- you can discover potentially successful companies before professional analysts do. This jump on the experts is what produces "tenbaggers," the stocks that appreciate tenfold or more and turn an average stock portfolio into a star performer. The former star manager of Fidelity''s multibillion-dollar Magellan Fund, Lynch reveals how he achieved his spectacular record. Writing with John Rothchild, Lynch offers easy-to-follow directions for sorting out the long shots from the no shots by reviewing a company''s financial statements and by identifying which numbers really count. He explains how to stalk tenbaggers and lays out the guidelines for investing in cyclical, turnaround, and fast-growing companies. Lynch promises that if you ignore the ups and downs of the market and the endless speculation about interest rates, in the long term (anywhere from five to fifteen years) your portfolio will reward you. This advice has proved to be timeless and has made One Up on Wall Street a number-one bestseller. And now this classic is as valuable in the new millennium as ever.

Mutual-fund superstar Peter Lynch and author John Rothchild explain the basic principles of the stock market and business in an investing guide that will enlighten and entertain anyone who is high-school age or older. Many investors, including some with substantial portfolios, have only the sketchiest idea of how the stock market works. The reason, say Lynch and Rothchild, is that the basics of investing—the fundamentals of our economic system and what they have to do with the stock market—aren’t taught in school. At a time when individuals have to make important decisions about saving for college and 401(k) retirement funds, this failure to provide a basic education in investing can have tragic consequences. For those who know what to look for, investment opportunities are everywhere. The average high-school student is familiar with Nike, Reebok, McDonald’s, the Gap, and the Body Shop. Nearly every teenager in America drinks Coke or Pepsi, but only a very few own shares in either company or even understand how to buy them. Every student studies American history, but few realize that our country was settled by European colonists financed by public companies in England and Holland—and the basic principles behind public companies haven’t changed in more than three hundred years. In Learn to Earn, Lynch and Rothchild explain in a style accessible to anyone who is high-school age or older how to read a stock table in the daily newspaper, how to understand a company annual report, and why everyone should pay attention to the stock market. They explain not only how to invest, but also how to think like an investor.

"There is one thing that can be said about A Fool and His Moneythat cannot be said about any other colume of investment advice:You will never make a penny from the information in this book. Nowork on the subject of personal finance has even tried to make thisclaim before. That is because works on the subject of personalfinance are all lying. John Rothchild is the only fully honestauthor in the genre."--from the Foreword by P. J. O''Rourke. A veritable gold mine of comic insight into the predicament of anaverage investor''s avid pursuit of wealth, A Fool and His Money isJohn Rothchild''s critically acclaimed personal account of a yeardevoted to investing his money in the markets. The entireinvestment world--its characters, institutions, customs, andmyths-passes under Rothchild''s sharp and profoundly humorousscrutiny. Acclaim for A Fool and His Money "What makes this book so good is that Rothchild can explain thingslike naked puts . . . and leave the reader both edified andlaughing. . . . Witty, fast-paced, and educational."--TheWashington Post. "You''ll relish John Rothchild''s comic tale. . . . The book nearsguaranteed delight."--Newsday. "A Fool and His Money may be the funniest book about investing everwritten. It''s a reader''s capital gain."--New York Post. You set aside some money, quit your job, devote yourself entirelyto studying the markets, and start to invest. Then, through hardwork and your own magical intuition, you become so wealthy yourmajor concern is finding a fashionable hobby to soak up yourabundant leisure time. All in about a year. Now, thanks to this hugely entertaining and informative book, youcan live out the fantasy without risking your money, your job--oryour sanity. Since its acclaimed debut a decade ago, A Fool and His Money hasbecome a treasured investment classic. It''s the comic, firsthandaccount of a first-time investor who sets out to make his wildestmoney dreams come true. In a surge of optimism and enterprise, financial writer JohnRothchild drops everything to devote an entire year to learning howto invest a modest sum of money. Motivated by a sincere desire toget rich, he undertakes his mission by systematically studying asmuch as he can about the markets and how they really operate. Hefearlessly asks the most basic questions, observes theprofessionals at work, studies the newsletters, makes investments,and reports back on everything--including his own highly personaland often hilarious reactions. With Rothchild as your guide through the marketplace, you will: * Eavesdrop as his broker explains in fluent double-talk why heshould buy a certain "hot stock" * Share in his buyer''s remorse as Rothchild purchases an unknowntechnology company stock that puts him on an emotional rollercoaster * Be humbled as he enters the almighty Federal Reserve Bank andstruggles to understand its omnipotent power over his personalfinances * Witness the excitement and confusion of the Commodities Exchangeand find out what pork bellies really are * Hear firsthand the enigmatic and undoubtedly wise words ofvarious wizards of Wall Street * Sympathize with Rothchild as he explains his transactions to hisloved ones * Blush as he shamelessly attempts to deceive them. In a gesture of pure magnanimity, Rothchild also includes thehard-won bits of wisdom he calls his "25 Useful Tips"--whichinclude such sage advice as "Never buy anything from a broker at anairport"--and his handy "Fool''s Glossary," which clarifies many ofthe technical terms used in the book. Clever, funny, and informative, A Fool and His Money will rewardinvestors at all levels of experience with a revelation on everypage.

October 28, 1997. The Dow drops 500 points. Investors the world over receive a startling reminder that "what goes up, must come down." It is a profoundly unsettling experience for those of us who have either forgotten or have never known the experience of a bear market. Half of the money invested in U.S. stocks in this century entered the market from 1991-1996, making the dark days of October memorable for their bloodletting. Overall, this was just a scratch, and despite the optimism of so many investors, history has shown that the bear attacks time and time again. John Rothchild, critically acclaimed author of the bestselling A Fool and His Money, isn''t even afraid to face a full-fledged bear market. In his topical and timely new book, Rothchild reveals how to prepare psychologically and tactically for the looming debacle. Breaking from the pack of investment books which tacitly assume a bull market, The Bear Book focuses on protecting assets and minimizing losses during a bear market and on taking advantage of unique opportunities for profit. With customary flair and style, Rothchild chronicles the long history of bear markets, exploring in detail exactly what constitutes a bear market and how it affects us. Along with his own expertise, the author draws on respected and knowledgeable names such as Jim Rogers, Jim Grant, and Martin Zweig, among a host of prominent investment advisors, strategists, and fund managers. The result is a comprehensive chronicle that deftly and definitively fills the "bearish information gap." John Rothchild''s masterful penchant for blending wit, good storytelling, and sound investment analysis makes The Bear Book both informative and vastly entertaining. He distinguishes the characteristics of past bear markets, examining what triggered them, how long they lasted-and why. He probes the unique psychology of bearish investing, concentrating on which types of investments generally do well during a downturn in the market. His often surprising answers to some straightforward, no-nonsense questions clarify, among other key issues, what can happen to mutual funds in a bear market, and exactly what the dangers are of selling short. Of critical importance is Rothchild''s overview of the alternatives to stocks, including gold, bonds, and money market funds, as well as tips on what stocks to buy when the market starts to turn bullish again. For historical perspective, The Bear Book also includes a unique and eye-opening account of the Crash of ''29 and its survivors. Profiles of prominent bearish investors-Roy Neuberger and Philip Carret, among them-contain illuminating long-term perspectives on the ups and downs of the stock market over the past fifty to seventy-five years. A bracing tonic for investors at all levels of experience, The Bear Book offers a veritable blueprint of the various stages of a typical bear market. It will prove invaluable to those of us who wish to protect our savings -and peace of mind -whenever the market drops.

Bestsellerautor John Rothchild erzählt hier die Geschichte dreier Generationen der legendären Davis Familie, die zu den erfolgreichsten Anlegern in der Geschichte der Wall Street zählt. Geistreich und mit viel Liebe zum Detail präsentiert Rothchild eine Chronik der Finanzeskapaden des exzentrischen und eigensinnigen Davis Clans und enthüllt die Strategien, mit denen sie mit unheimlichem Geschick den Markt ständig übertrafen. Die Saga beginnt mit dem Großvater Shelby Cullom Davis, der hinging und aus 50.000 Dollar gleich 900 Millionen Dollar machte. Sein Sohn und seine beiden Enkel erbten seine Leidenschaft fürs Geldgeschäft ebenso wie seine fanatische und peinlich genaue Arbeitsmoral. Rothchild zeichnet hier ein sehr lebendiges Porträt von 50 Jahren schillernder Wall Street Geschichte. "The Davis Dynasty" - Dieses Buch befriedigt ihren Wissensdurst gleich dreifach, denn es bietet eine Übersicht über die Wall Street in der letzten Hälfte des 20. Jahrhunderts, die Legende einer erfolgreichen Anlagephilosophie und die dramatische Schilderung des Schicksals einer der berühmtesten Familien Amerikas.

Rothchild tells the incredible story of Robert Campeau''s rise and fall, from his acquisition of major department store chains with $11 billion in loans the banks were all too eager to give, to his demise, when the overwhelming debt, coupled with eccentric management practices, drove him into bankruptcy. A fitting epilogue to the money-mad "Era of Debt"--a story of bankers who bent the rules of lending until they broke. Photographs.

A remarkable account of a full and inspiring life edited from 200 hours of taped memoirs.

From the time of the first federal copyright law in 1790 until enactment of the International Copyright Act in 1891, U.S. copyright law did not apply to works by authors who were not citizens or residents of the United States. U.S. publishers took advantage of this lacuna in the law, and the demand among American readers for books by popular British authors, by reprinting the books of these authors without their authorization and without paying a negotiated royalty to them.This Article tells the story of how proponents of extending copyright protections to foreign authors--called international copyright--finally succeeded after more than fifty years of failed efforts. Beginning in the 1830s, the principal opponents of international copyright were U.S. book publishers, who were unwilling to support a change in the law that would require them to pay negotiated copyright royalties to British authors and, even worse from their perspective, would open up the American market to competition from British publishers. U.S. publishers were quite content with the status quo--a system of quasi-copyright called “trade courtesy.” That system came crashing down in the 1870s, when non-establishment publishers who did not benefit from trade courtesy decided to ignore its norms, publishing their own cheap, low-quality editions of books by British authors in competition with the editions published by the establishment publishers. As a result, most U.S. publishers came to support extending copyright to foreign authors as a means of preventing competition from publishers of the cheap editions.Once the publishers withdrew their opposition, another powerful interest group came to the fore: typesetters, bookbinders, printers, and other workers in the book-manufacturing industries. These groups opposed international copyright unless it were accompanied by rules assuring that they would not be thrown out of work by a transfer of book manufacturing from the United States to England. In the 1891 Act, the typesetters achieved what they sought: a provision requiring books to be typeset in the United States as a condition of copyright. In this way, U.S. copyright law implemented an element of U.S. trade policy.The manufacturing clause, as this requirement was called, was gradually watered down over the succeeding decades and lingered in the copyright law until 1986. Yet the entanglement of copyright law with trade policy continued, in the World Trade Organization treaty system and elsewhere.As a major exporter of books, software, movies, and other articles embodying copyrighted works, the United States has sought in multiple forums to strengthen the protections those works receive under the laws of other nations, sometimes provoking pushback from countries that are net importers of intellectual property goods. When pursuing these goals in the twenty-first century, U.S. policymakers would do well to bear in mind this country''s forgotten history as the greatest copyright pirate nation of the nineteenth century.

The anticircumvention rules, enacted as part of the Digital Millennium Copyright Act in 1998, promote the use of technological protection measures (TPMs) by publishers of copyrighted materials in digital formats. Many types of works incorporate some type of TPM. For example, the Content Scramble System, which is implemented on commercially released movie DVDs, makes it impossible to copy such a movie without the use of some technology that circumvents the TPM. Tethering technologies prevent Windows XP from being installed on more than one computer, and prevent playing an .mp3 music file downloaded from iTunes on more than five computers. In this Article I argue that publishers'' use of TPMs gives rise to negative externalities, imposing costs on those who are not parties to the transaction in which the TPM-protected good is sold. Therefore, as is generally the case with technologies that yield negative externalities, in the absence of any regulatory limits on the use of TPMs profit-maximizing publishers will implement TPMs at an inefficiently high level. Regulatory action aimed at making publishers take into account some of the externalized harms caused by TPMs is justified on the basis of two analogies. First, public policy as embodied in the legal regimes of intellectual property protection allows authors, inventors, and producers generally to internalize some of the positive externalities resulting from their efforts; requiring publishers to internalize some of the negative externalities of TPMs seems equally justified. Second, public policy requires other classes of entities generating negative externalities - in particular, polluters - to internalize some of the resulting costs; consistency calls for placing the same requirement on publishers. I consider four possible regulatory responses to the problem I have identified. These are traditional command-and-control regulation, Coasean bargaining, Pigouvian taxes, and cap-and-trade allowances. I find that traditional command-and-control regulation is not the best choice because it fails to take advantage of information held by market participants, and Coasean bargaining is impractical due to the large number of interested parties and consequent high bargaining costs. Pigouvian taxes and cap-and-trade both do a better job of incorporating marketplace intelligence, and there is no clear basis for preferring one over the other. In the absence of any more definitive criterion, I propose a cap-and-trade program as the more market-oriented of the two.

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Within the next few years, business-to-consumer electronic commerce will amount to tens of billions of dollars a year. Inevitably, a significant portion of that turnover will consist of transactions in which dishonest sellers attempt to defraud consumers by the use of deceptive marketing practices. An issue of growing importance is whether, and to what extent, the existing consumer protection regulatory regime may appropriately be applied to electronic commerce. This article rebuts the utopian thesis that government regulation of the Internet is neither necessary nor desirable, arguing, to the contrary, that governments retain their traditional regulatory role with respect to consumer transactions regardless of the means of communication used in carrying out such transactions. Certain novel characteristics of the online medium, however, make it impossible, or at least inadvisable, to apply the existing consumer protection regulatory regime to online transactions without making certain adjustments. Furthermore, co-regulation, consisting of coordinated efforts by governments and the private sector, should play a prominent role in controlling online deceptive marketing practices. The article concludes with a proposed set of guidelines for governments and the private sector to follow in their efforts to control online fraud.

The idea of network neutrality has dominated telecommunication policy discussions over the past few years to an extent unprecedented in the history of that subject matter. In March 2015, the Federal Communications Commission (“FCC”) issued a detailed scheme of regulation that makes network neutrality the law of the land, via a regulatory framework called the Open Internet Order. The path by which the FCC arrived at the Order was anything but direct, and the fate of the Order is yet to be decided by the courts. This chapter offers a guide through the thorny paths of network neutrality. The chapter begins with a review of the historical precursors to network neutrality regulation, starting with a 1956 court decision that disapproved an effort by AT&T to ban the attachment of non-harmful devices to the phone system, and continuing through FCC rulemakings in the 1960s and 1970s that governed the participation of telephone companies in the provision of services that involved processing of data. These competition-enhancing rules led to a 2005 FCC policy statement that set forth a set of principles that the FCC would apply to ensure that Internet service providers would not be able to distort competition by discriminating against particular content, applications, or non-harmful devices. The principles underlying the policy statement were then implemented in a 2010 rule. In a 2014 decision, the D.C. Circuit invalidated the Order as inconsistent with the FCC''s statutory authority. The FCC thereupon initiated a new rulemaking, which resulted in its issuance of a new Open Internet Order in 2015. As of the writing of this chapter, a challenge to the 2015 Order is pending before the D.C. Circuit.The chapter continues by analyzing the content of the 2015 Order, placing it in the context of its historical antecedents. It concludes by addressing several objections that opponents of network neutrality regulation have raised to network neutrality regulation.

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