The Big Gamble: Are You Investing or Speculating? PDF Print E-mail

The Big Gamble

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TRUMP PRAISES NEW BOOK ON SPECULATION

The Big Gamble


“The first mistake people make when dealing with financial decisions is to confuse investment with speculation, and speculation with outright gambling. Read this book and you will understand what the terms really mean. A great read!”

- Donald J. Trump


 Credit Crisis. Meltdown. Bailout. Nosedive. Recession.  Those scary words appear in the news nearly every day. Faced with unprecedented economic turmoil, you need all the help you can get to understand what’s happening and how to avoid a financial nightmare. In The Big Gamble, you’ll find just the kind of insight and practical advice you need.

In plain English, you’ll get answers to questions like these: How did this happen? What should I do with my money now? Who should I trust? What will happen next? How can I spot the next economic bubble in time to protect myself? Get your copy now!

MORE ABOUT THE BOOK

The Authors

 

Jose Roncal

 

Jose D. Roncal is a truly global executive with over 20 years of experience in international business and finance, having worked and travelled frequently in six continents. Specializing in telecommunications and information technology industries, Mr. Roncal has served such well-known multinational companies as NCR, AT&T, Verizon Communications and the U.K.-based blue chip company, Cable and Wireless.

For more than 15 years, he has lived around the globe as a Chief Financial Officer, focusing on mergers and acquisitions, joint ventures, strategic alliances and spin offs among other strategic activities. He is a well known transformational and corporate turnaround specialist and inspirational leader, with a proven track record in developing high-performance operations.

Mr Roncal has authored numerous articles on business strategy, finance, accounting, capital markets and the global economy. He holds an MBA from Thunderbird University and a BA from Florida International University both in the USA and has attended various senior executive programs at Oxford University in the United Kingdom.

 

 

Jose Abbo

 

Jose N. Abbo has two decades of experience in the capital markets. Mr. Abbo has authored numerous articles and speaks frequently on the financial markets and the global economy. He has researched and written for such well-recognized publications as The Economist Intelligence Unit and America Economia.

In 2000 Mr. Abbo published Divisando Wall Street Desde el Sur de America, a comprehensive guide for the Spanish-speaking community that explains the workings of the stock market. He makes regular guest appearances on various radio and television programs and has served as an expert witness in financial trials and forensic cases.

Based in Panama, currently Mr. Abbo is International Finance VP for the telecommunications multinational Cable & Wireless. He holds a degree in Professional Management from Nova University and has served as an MBA tutor for Tecnológico de Monterrey/ Thunderbird University Panama-based Global MBA programs.

 

 

Get Your Copy

 The Big Gamble

 

 

Available now on Amazon!

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Are you Investing or Speculating? PDF Print E-mail
  
Wednesday, 01 July 2009 01:05
That's the question we wish we could have posed to scores of individuals before they unwittingly put their trust in Ponzi schemer, Bernie Madoff.  On June 29, when the judge handed down a sentence of 150 years, Madoff's victims no doubt experienced a healthy dose of Schadenfreude—that sense of pleasure one gets from the misfortunes of somebody else, especially if that somebody else was guilty of meting out misfortune on so many others.

Madoff received a penalty six times greater than those imposed on the chief executives of WorldCom Inc. and Enron Corp. But even the extreme sentence of 150 years, coupled with a sense of justice having been served, will not compensate for the millions lost in personal savings. In what will likely be remembered as a swindle of epic proportions, the losses could potentially reach $65 billion in both real and phantom investments.

Who's to blame? The perpetrator and his cohorts alone, or should some of the responsibility for this fiasco be placed on the shoulders of those who blindly went along with greed as the underlying motivator?  What ever happened to that old axiom about something being too good to be true? How did so-called investors think they could continue to reap double-digit growth year after year without ever having received a single printed monthly statement or confirmation of how their money was being spent? Who is to blame for accepting such outright questionable financial dealings sight unseen?

That brings us back to our original question, "Are You Investing or Speculating?" the tagline in the title of our book, The Big Gamble.  In the current economic crisis, the word speculation is not a popular one. Speculators, hedge funds, and most of Wall Street's elite are seen as the evil-doers responsible for the demise of the financial system.
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