Best of
Finance

1991

Margin of Safety: Risk-Averse Value Investing Strategies for the Thoughtful Investor


Seth A. Klarman - 1991
    The myriad approaches they adopt offer little or no real prospect for long-term success and invariably run the risk of considerable economic loss - they resemble speculation or outright gambling, not a coherent investment program. But value investing - the strategy of investing in securities trading at an appreciable discount from underlying value - has a long history - has a long history of delivering excellent investment results with limited downside risk. Taking its title from Benjamin Graham's often-repeated admonition to invest always with a margin of safety, Klarman's 'Margin of Safety' explains the philosophy of value investing, and perhaps more importantly, the logic behind it, demonstrating why it succeeds while other approaches fail. The blueprint that Klarman offers, if carefully followed, offers the investor the strong possibility of investment success with limited risk. 'Margin of Safety' shows you not just how to invest but how to think deeply about investing - to understand the rationale behind the rules to appreciate why they work when they work, and why they don't when they don't.

Japanese Candlestick Charting Techniques: A Contemporary Guide to the Ancient Investment Techniques of the Far East


Steve Nison - 1991
    These colorful and exciting techniques are hot on the lips of leading analysts and traders worldwide.

Den of Thieves


James B. Stewart - 1991
    Stewart shows for the first time how four of the eighties’ biggest names on Wall Street—Michael Milken, Ivan Boesky, Martin Siegel, and Dennis Levine —created the greatest insider-trading ring in financial history and almost walked away with billions, until a team of downtrodden detectives triumphed over some of America’s most expensive lawyers to bring this powerful quartet to justice. Based on secret grand jury transcripts, interviews, and actual trading records, and containing explosive new revelations about Michael Milken and Ivan Boesky written especially for this paperback edition, Den of Thieves weaves all the facts into an unforgettable narrative—a portrait of human nature, big business, and crime of unparalleled proportions.

Financial Statement Analysis: A Practitioner's Guide


Martin S. Fridson - 1991
    Light Harvard Business School "Financial Statement Analysis should be required reading for anyone who puts a dime to work in the securities markets or recommends that others do the same." -Jack L. Rivkin Executive Vice President (retired) Citigroup Investments "Fridson and Alvarez provide a valuable practical guide for understanding, interpreting, and critically assessing financial reports put out by firms. Their discussion of profits-'quality of earnings'-is particularly insightful given the recent spate of reporting problems encountered by firms. I highly recommend their book to anyone interested in getting behind the numbers as a means of predicting future profits and stock prices." -Paul Brown Chair-Department of Accounting Leonard N. Stern School of Business, NYU "Let this book assist in financial awareness and transparency and higher standards of reporting, and accountability to all stakeholders." -Patricia A. Small Treasurer Emeritus, University of California Partner, KCM Investment Advisors "This book is a polished gem covering the analysis of financial statements. It is thorough, skeptical and extremely practical in its review." -Daniel J. Fuss Vice Chairman Loomis, Sayles & Company, LP

Capital Markets: Institutions and Instruments


Frank J. Fabozzi - 1991
    It covers the instruments, the players, and the principles of valuation with an excellent blend of theory and practice. Topics include Overview of Market Participants and Financial Innovation, Depository Institutions, Investment Banking Firms, Stock Options Market, The Theory and Structure of Interest Rates, and The Market for Foreign Exchange and Risk Control Instruments. Appropriate for corporate treasurers.

Unlimited Wealth: The Theory and Practice of Economic Alchemy


Paul Zane Pilzer - 1991
    This book reveals how a new way of economic thinking is essential for success in today's world.

The Bloomberg Way: A Guide for Reporters and Editors


Matthew Winkler - 1991
    Bloomberg News has earned the respect of journalists and readers around the world for its fast, in-depth and accurate stories.The Bloomberg Way, an internal manual compiled over two decades, reflects the new realities of journalism, in which speed is paramount, the impact of news is instantaneous, and the lines between objectivity and opinion are increasingly blurred.The Bloomberg Way is the most thorough and comprehensive guide to reporting and editing the story of money. This indispensable text for both journalism professionals and students outlines the central principles of Bloomberg News, explaining how to write compelling stories while maintaining standards of accuracy, honesty and ethics.The five F's of reporting: Factual, First, Fastest, Final and Future WordThe essentials of writing an enticing lead and organizing story lines when preparing for breaking news on anything from an earnings release to a market crashWays to keep opinion and speculation out of your writingThe Bloomberg Way stylebook is the most important writer's resource of one of the largest news organizations in the world. It informs as it instructs, from how to conduct effective interviews to analyzing financial reports to the imperative for accuracy and integrity in gathering and publishing news.

Billionaire: The Life and Times of Sir James Goldsmith


Ivan Fallon - 1991
    The entertaining saga of one of the world's wealthiest men describes his lifestyle at his sixteen-thousand-acre estate along the Mexican coast and tells how his shrewd business sense saved his investments from the crash of 1987 and the Persian Gulf crisis.

The Bond Book: Everything Investors Need to Know about Treasuries, Municipals, GNMAs, Corporates, Zeros, Bond Funds, Money Market Funds, and More


Annette Thau - 1991
    The Bond Book provides investors with the information and tools they need to make bonds a comforting, important, and profitable component of their portfolios.

Intermarket Technical Analysis: Trading Strategies for the Global Stock, Bond, Commodity, and Currency Markets


John J. Murphy - 1991
    In this guide to intermarket analysis, the author uses years of experience in technical analysis plus extensive charts to clearly demonstrate the interrelationshps that exist among the various market sectors and their importance. You'll learn how to use activity in surrounding markets in the same way that most people employ traditional technical indicators for directional clues. Shows the analyst how to focus outward, rather than inward, to provide a more rational understanding of technical forces at work in the marketplace.

Sense And Nonsense In Corporate Finance


Louis Lowenstein - 1991
    In a concise, no-nonsense style, Lowenstein takes the mystery out of corporate finance and replaces it with a large dose of good sense.

As I Think


James Allen - 1991
    

The Money Machine: How KKR Manufactured Power and Profits


Sarah Bartlett - 1991
    By 1989 they had persuaded banks, pension funds and insurance companies to lend them over $58 billion to buy 36 companies employing hundreds of thousands of people. In this expose, a "New York Times" reporter chronicles the rise of Henry Kravis and George Roberts, documenting a history of ambition, excessive fees and strategic "gifts" to bankers, public officials, pressmen and others. The book presents an indictment of a Wall Street money machine spinning wildly out of control, and a description of how it uses its power to influence the economy, the markets, and America's free press.

The Daisy Chain: How Borrowed Millions Sank a Texas S&L


James O'Shea - 1991
    She swings high in the playground, invents stories about huge, terrifying goblins -- and believes in magic. PThe small boy she plays with is afraid. He would never do the things that Anna Banana does, even when they're together. But one day, when he's most scared, he uses a little bit of her magic -- and makes some of this own. PThis warm, funny story about a feisty little girl and her timid playmate is sure to touch the youngest reader.

Nonlinear Dynamics, Chaos, and Instability: Statistical Theory and Economic Evidence


William A. Brock - 1991
    By providing a unified and complete explanation of new statistical methods that are useful for testing for chaos in data sets, Brock, Hsieh, and LeBaron show how the principles of chaos theory can be applied to such areas of economics and finance as the changing structure of stock returns and nonlinearity in foreign exchange. They use computer models extensively to illustrate their ideas and explain this frontier research at a level of rigor sufficient for others to build upon as well as to verify the soundness of their arguments.The authors, who have played a major role in developing basic testing methods that are effective in detecting chaos and other nonlinearities, provide a detailed exposition of empirical techniques for identifying evidence of chaos. They introduce and describe the BDS statistic, an easy-to-use test that detects the existence of potentially forecastable structure, nonstationarity, or hidden patterns in time-series data and that can be adapted to test for the adequacy of fit of forecasting models. An extensive performance evaluation of the BDS is included.Nonlinear Dynamics, Chaos, and Instability also reviews important issues in the theoretical economics literature on chaos and complex dynamics, surveys existing work on the detection of chaos and nonlinear structure, and develops models and processes to discover predictable sequencing in time-series data, such as stock returns, that currently appear random.William A. Brock is Vilas Research Professor of Economics and Blake LeBaron is Assistant Professor of Economics, both at the University of Wisconsin, Madison. David A. Hsieh is Professor of Business at the Fuqua School of Business, Duke University.

Managing Investment Portfolios: A Dynamic Process, Workbook


John L. Maginn - 1991
    Now, in Managing Investment Portfolios Workbook, Third Edition, they offer you a wealth of practical information and exercises that will solidify your understanding of the tools and techniques associated with this discipline. This comprehensive study guide--which parallels the main book chapter by chapter--contains challenging problems and a complete set of solutions as well as concise learning outcome statements and summary overviews.Topics reviewed include: The portfolio management process and the investment policy statement Managing individual and institutional investor portfolios Capital market expectations, fixed income, equity, and alternative investment portfolio management Monitoring and rebalancing a portfolio Global investment performance standards

Charting the Stock Market: The Wyckoff Method


Jack K. Hutson - 1991
    Charting The Stock Market presents and explains how to use the Wyckoff method for investing and trading in stocks, bonds, and commodities. This method was first documented by Richard D. Wyckoff (a trader and market forecaster who started in the business in 1888 as a 15-year-old stock runner) and published in the 1930s. Charting The Stock Market applies these classic and time-honored principles to today's market.  Back to the basics: The Wyckoff method principally uses price charting and volume studies as a means of  analyzing and forecasting the stock market. It incorporates a common-sense approach to trading that emphasizes study, practice and risk limitation. It also takes into account investor psychology and provides insight into how and why professional traders buy and sell issues. Charting The Stock Market takes the reader step by step through the Wyckoff method: first, the basic principles; second, examples of the method applied to the bond market; and third, an outline of steps to put the method to use. Details of the Wyckoff method covered in this book include:    * point and figure charting  * trends  * price and volume studies on vertical charts  * stop orders  * forecasting  * wave charts & intraday  * group stock behavior  * stock selection criteria, and much more ...

Three Lectures by Warren Buffett to Notre Dame Faculty, MBA Students and Undergraduate Students


Warren Buffett - 1991
    

Real Estate Development Workbook & Manual


Howard A. Zuckerman - 1991
    An instant source of checklists, worksheets, forms, and model letters that provide a virtual blueprint for success at every stage of real estate development, from seeking the right property and budgeting to building and selling it at the highest

Introductory Mathematical Economics


D. Wade Hands - 1991
    In Introductory Mathematical Economics, 2/e, author D. Wade Hands introduces students to a variety of new mathematical tools and explains how to apply those tools to a broad range of economic problems. The book begins with an overview of the necessary mathematical background, then presents a number of more advanced mathematical tools that allow students to expand their knowledge of economics. It offers a mix of classical and contemporary economic theory, covering the standard mathematical techniques such as optimization and comparative statics, as well as more specialized topics such as uncertainty, dynamics, nonlinear programming, and matrix theory. Thoroughly revised and updated, this second edition offers students a wide range of mathematical techniques and the associated economic theory. The new Chapter 0, a mathematical review covering all prerequisite mathematics, serves as both a precourse mathematics refresher and a handy reference. All end-of-chapter problems are economics problems; many are detailed and require a substantial amount of economic interpretation in addition to the technical analysis. These problems have been revised and expanded in this second edition. Boxes in each chapter provide economic examples of relevant mathematical concepts. Several boxes discuss recent developments in economic theory, while others present results that influenced the evolution of modern economics. Featuring a clear and concise presentation of mathematical and economic concepts, Introductory Mathematical Economics, 2/e, is ideal for undergraduate courses in mathematical economics.

Forecasting Financial Markets: Technical Analysis And The Dynamics Of Price


Tony Plummer - 1991
    Offers a unifying rationale for technical analysis of markets, making it more of a science'' than ever before. Begins with a discussion of how emotional elements permeate economic and financial behaviors and how forecasters can remain independent from such behavior. The more reliable theories of natural systems and price pulse--continuously recurring price patterns--are introduced and examined in detail. The author shows analysts how to use these techniques to forecast price movement profile, extent, and timing of reversals, putting investors on the road to trading with minimum risk and maximum success.

The Financial Revolution 1660 - 1750


Henry Roseveare - 1991
    The subsequent changes radically altered English politics, and this book aims to provide a concise guide to them. The series provides analysis of complex issues and problems in important A level Modern History topics. Using supporting documents, the books aim to give students a clear account of historical facts and an understanding of the central themes and differing interpretations. It is aimed at A level, first year university students and those at polytechnics and colleges of higher education. It should also be of interest to the general public who have an interest in British history.

The Complete Fundraising Handbook


Nina Botting - 1991
    It is now divided into three parts, covering: * fundraising principles and strategies * sources of funding - including individual donors, grant-making trusts, companies, central and local government * fundraising techniques - from house-to-house collections and challenge events, to direct mail and capital appeals Illustrated with case studies throughout, the book provides a wealth of practical advice on every aspect of fundraising for charity.