Best of
Finance

1996

The 4 Laws of Financial Prosperity: Get Control of Your Money Now!


Blaine Harris - 1996
    If applied, the principles of financial wellness taught in this audiobook will produce lasting results. This entertaining and captivating audiobook shows that how much a person earns isn't really as important in achieving prosperity as most people think. Nearly anyone, on any income, can achieve prosperity by applying the 4 Laws.

The Excellent Investment Advisor


Nick Murray - 1996
    Great Book for the First time or Experiencd Investor

Benjamin Graham the Memoirs of the Dean of Wall Street


Benjamin Graham - 1996
    Describe his investment techniques, successful ventures, and association with the like of FDR and Baruch. Star Graham student, Warren Buffet, has become legendary.

The Truth About Money


Ric Edelman - 1996
    Get out of debt (and stay that way).Estate Planning & Long-Term Care: Learn how to protect yourself and your family.

Sound Mind Investing Handbook: A Stepbystep Guide to Managing Your Money from a Biblical Perspective


Austin Pryor - 1996
    Perhaps one or more of them has helped you lay a strong biblical foundation for carrying out your money management responsibilities. But as you try to apply those principles to making real-life investing decisions, it's easy to feel overwhelmed by the jargon and the sheer number of investment possibilities.

Dynamic Hedging: Managing Vanilla and Exotic Options


Nassim Nicholas Taleb - 1996
    From central banks to brokerages to multinationals, institutional investors are flocking to a new generation of exotic and complex options contracts and derivatives. But the promise of ever larger profits also creates the potential for catastrophic trading losses. Now more than ever, the key to trading derivatives lies in implementing preventive risk management techniques that plan for and avoid these appalling downturns. Unlike other books that offer risk management for corporate treasurers, Dynamic Hedging targets the real-world needs of professional traders and money managers. Written by a leading options trader and derivatives risk advisor to global banks and exchanges, this book provides a practical, real-world methodology for monitoring and managing all the risks associated with portfolio management. Nassim Nicholas Taleb is the founder of Empirica Capital LLC, a hedge fund operator, and a fellow at the Courant Institute of Mathematical Sciences of New York University. He has held a variety of senior derivative trading positions in New York and London and worked as an independent floor trader in Chicago. Dr. Taleb was inducted in February 2001 in the Derivatives Strategy Hall of Fame. He received an MBA from the Wharton School and a Ph.D. from University Paris-Dauphine.

The Visual Investor: How to Spot Market Trends


John J. Murphy - 1996
    This combination of skills helped make his Technical Analysis of the Futures Markets a classic. Now John has written the perfect overview aimed specifically at the stock investor who wants to learn technical analysis. . . . The Visual Investor offers a complete course in technical analysis, lucid enough to be accessible to the novice, yet thorough enough to range well beyond the basics. . . . [It] is must reading for the stock and mutual fund investor who wants to start incorporating technical analysis as a decision-making tool." --Jack D. Schwager Author, The New Market Wizards and Technical Analysis "The challenge of technical analysis is that it can be so technical. Now John Murphy, through The Visual Investor, explains everything for the common investor who wants to use technical analysis but doesn't want an overly complicated presentation." --Thom Hartle Editor, Technical Analysis of Stocks & Commodities magazine "As my research group relies heavily on market analysis for its research product, we get numerous inquiries from professional investors on where to find books on this topic. John Murphy's The Visual Investor is my first recommendation to the novice investor as well as the investment professional. . . . [It] is the simplest and most helpful first look at markets that I have seen." --John Kozey III, CFA, CMT Equity Research Director, Bridge Trading Company

Corporate Finance: Theory and Practice


Aswath Damodaran - 1996
    Aswath Damodaran is nationally recognized for his teaching approach, using theory and the models that flow from it to understand, analyze and solve problems. He treats corporate finance as a living discipline by making it much more applied than other textbooks. Throughout the text, real companies and real data are used in examples and exercises.

What Works on Wall Street: A Guide to the Best-Performing Investment Strategies of All Time


James P. O'Shaughnessy - 1996
    "-O'Shaughnessy's conclusion that some strategies do produce consistently strong results while others underperform could shake up the investment business."-Barron's. The New York Times and Business Week bestseller, What Works on Wall Street is now updated throughout to include the most current data available and 50 new sample portfolios. Hailed as "a great book" by Forbes, What Works on Wall Street is a must read for any investor looking to make savvy, historically informed decisions.

Truth of the Stock Tape (With Introduction to Financial Astrology)


W.D. Gann - 1996
    After some painstaking dilemma, I have decided to remove the old charts from the book and edit the content to match that. It is my opinion that the text alone, can stand on its own merit as valuable content without some old unreadable charts of companies that most readers have never heard of.It should be noted however that W.D. Gann made his trading decisions based on logic, mathematics and sometimes even Astrology. In advise the reader not to stop with this book, but to continue and study Gann's life and read his other books. For those that are have never heard of W.D. Gann and his track record, what follows is a quote from Gann, himself:“The proof of the value of these rules is that I have followed them myself in actual trading, I have made the money and kept it. I quote from a certified public accountant report of my trading record covering the period from April 11 to July 31 1933; ‘You made a total of 344 trades in stocks, cotton, rubber and grains. 310 of these trades showed profits and 34 losses. Your percentage on accuracy was 89% on the total number of trades. The capital on which you operated increased 26 1/2 times. On each $1000 of capital with which you started, you made a profit of $26,500 net’. During August and September 1933 I made 56 trades in cotton and rubber:53 showed profits and 3 showed small losses” – W.D. Gann

An Introduction to the Mathematics of Financial Derivatives


Salih N. Neftci - 1996
    This updated edition has six new chapters and chapter-concluding exercises, plus one thoroughly expanded chapter. The text answers the need for a resource targeting professionals, Ph.D. students, and advanced MBA students who are specifically interested in financial derivatives.This edition is also designed to become the main text in first year masters and Ph.D. programs for certain courses, and will continue to be an important manual for market professionals and professionals with mathematical, technical, or physics backgrounds.

Talking Dollars and Making Sense: A Wealth Building Guide for African-Americans


Brooke Stephens - 1996
    It offers advice on money management that should help readers take control of their finances and plan effectively. Written within the social, cultural and historical framework of the African-American experience, this book examines the attitudes, beliefs and behaviour of African-Americans with regard to money.

Black Scholes and Beyond: Option Pricing Models


Neil A. Chriss - 1996
    The Black-Scholes equation is discussed as well as other methods that have built upon the success of Black-Scholes, including Cox-Ross-Rubinstein binomial trees, the Derman-Kani theory on implied volatility trees and Mark Rubenstein's implied binomial trees. Other topics covered include, pricing and hedging options, volatility smiles and how to price options in the presence of a smile, pricing barrier options and current theoretical developments from Wall Street.

Payback: Conspiracy to Destroy Michael Milken and His Financial Revolution, The


Daniel Fischel - 1996
    Language:English.Payback

Quantitative Methods in Finance


Terry Watsham - 1996
    It progresses at a comfortable pace for those with less mathematical expertise yet reaches a high level of analysis for the more experienced.

Street Smarts: High Probability Short-Term Trading Strategies


Laurence A. Connors - 1996
    This 245 page manual is considered by many to be one of the best books written on trading futures. Twenty-five years of combined trading experience is divulged as you will learn 20 of their best strategies. Among the methods you will be taught are: * Swing Trading - The backbone of Linda's success. Not only will you learn exactly how to swing trade, you will also learn specific advanced techniques never before made public! * News - Among the strategies revealed is an intra-day news strategy they use to exploit the herd when the 8:30am economic reports are released. This strategy will be especially appreciated by bond traders and currency traders. * Pattern Recognition - You will learn some of the best short-term set-up patterns available. Larry and Linda will also teach you how they combine these patterns with other strategies to identify explosive moves. * ADX - In our opinion, ADX is one of the most powerful and misunderstood indicators available to traders. Now, for the first time, they reveal a handful of short-term trading strategies they use in conjunction with this terrific indicator. * Volatility - You will learn how to identify markets that are about to explode and how to trade these exciting situations. * Also, included are chapters on trading volatility, trading Crabel, trading the smart money index, trading gap reversals, a special chapter on professional money management, and many other trading strategies!

Financial Accounting


Pauline Weetman - 1996
    

Keep What You Earn


Terry Coxon - 1996
    Some families hand down large fortunes without paying a gift or estate tax. And some know how to turn their easy-to-seize investments into wealth that would be repellent to someone thinking of suing them. Keep What You Earn tells the secrets of these canny investors--and shows how any other investor can use them, too.

Computational Economics and Finance: Modeling and Analysis with Mathematica(r)


Hal R. Varian - 1996
    It provides a high quality and practical selection of contributed articles that impart the expertise of an international contingent of Mathematica users from the economic, financial, investments, quantitative business and operations research communities.

Financial Calculus: An Introduction to Derivative Pricing


Andrew Rennie - 1996
    With mathematical precision and in a style tailored for market practioners, the authors describe key concepts such as martingales, change of measure, and the Heath-Jarrow-Morton model. Starting from discrete-time hedging on binary trees, the authors develop continuous-time stock models (including the Black-Scholes method). They stress practicalities including examples from stock, currency and interest rate markets, all accompanied by graphical illustrations with realistic data. The authors provide a full glossary of probabilistic and financial terms.

Financial Warnings: Detecting Earning Surprises, Avoiding Business Troubles, Implementing Corrective Strategies


Charles W. Mulford - 1996
     When a firm's actual earnings fall significantly short of expectations, it's not just the company that suffers. Lenders, equity investors, accountants, auditors, and consultants can also take a hit from this "earnings surprise." Financial Warnings is designed for one purpose--to make sure that such a shortfall never undermines your financial security. Clearly and systematically, this unique practical guide helps you: * Understand the many causes of earnings surprises, including fraud, overstated revenues, undervalued liabilities, and many more * Identify the early warning signals associated with particular earnings surprises, so you can take prompt corrective action * Prevent earnings surprises from happening in the first place by improving the quality of earnings forecasts Financial Warnings comes complete with a unique early warning system to put you on the alert for potential trouble, foolproof checklists to help you spot those "yellow flags," a convenient sustainable earnings worksheet to sharpen your earnings forecasts, and plenty of vivid case histories to show you how to anticipate and avoid earnings surprises--not just on paper, but in the real world. A material difference between a corporation's expected and actual earnings, otherwise known as an earnings surprise, can spell big trouble for lenders and equity investors, to say nothing of the company in question. The failure to anticipate a negative result can threaten a lender's prospects for loan repayment, cause investors to absorb heavy losses, and trigger substantial losses on positions in equity securities. Dedicated to the principle that "forewarned is forearmed," this book provides accountants and other users of financial statements with the resources needed to avoid these damaging financial discrepancies. Charles Mulford and Eugene Comiskey employ numerous case studies to examine and define these discrepancies and classify earnings surprises according to their major causes: changing economics, fraud, and aggressive application of GAAP. They then examine the results of a survey of bankers and develop a system for rating earnings surprise potential. This Earnings Reversal Score concisely categorizes cautionary signals, such as profitability, liquidity, and management-related early warnings, enabling accountants to recognize problems and take timely corrective measures. Financial Warnings helps improve the quality of earnings forecasts as well. With the aid of a detailed worksheet and a pair of extended case studies, you'll learn how to locate material nonrecurring items--a major cause of earnings surprises--and determine a firm's sustainable earnings base more accurately. You'll discover how to pinpoint differences in the book and market values of assets and liabilities, which, if undetected, can also result in earnings surprises. In addition, you'll learn the early warning indicators of fraudulent financial reporting, as well as crucial information on the role and responsibility of auditors in detecting such fraud. An important resource for accountants, executives, CFOs, and company auditors, Financial Warnings is an indispensable guide for investors and others who depend on the accuracy of earnings projections. Even if you have only a tentative understanding of basic accounting issues, this easily accessible presentation will help you develop the knowledge and skills you need to formulate more accurate earnings expectations and avoid the potential disasters caused by earnings surprises.

Money Market Bond Calculations (Vol 1)


Marcia Stigum - 1996
    Among the many topics covered: Discount paper; Interest-payment and day-count conventions; Interest-bearing paper; Comparing rates on a directly equivalent basis; Zero-coupon bonds; Floating-rate instruments; Floating rate notes; The measure of bond yield; Duration; covered interest arbitrage; Payment in kind (PIK) bonds.

Modern Banking in Theory and Practice


Shelagh Heffernan - 1996
    The strategic priority has shifted away from growth and size alone towards a greater emphasis on profitability, performance and ?value creation? within the banking firm. Bank professionals now require a thorough grounding in the micro foundations of banking if they are to make important managerial decisions, or implement banking policies. Containing up-to-date case studies, this book is concerned with the theory and practice of banking now, and the prospects for the future. Unlike many other books in this area, this text is devoted to the micro issues of banking, including competition, structure, performance, risks and regulation. "?rigorous, topical and it provides a good insight into some of the major empirical and policy research fields of modern banking ? an important and stimulating contribution to the micro banking literature. It should be required reading for banking students, researchers, banking professionals, and all who are interested in modern banks and banking." Edward Gardener, Institute of European Finance, University of Wales, Bangor, UK "? it takes an international approach to the subject of banking and combines that perspective with the more conventional aspects of the subject treated in a modern textbook. ? the writing is clear and concise ? I think you have a winner in this book." Ingo Walter, New York University Salomon Center, USA

Strategic Pragmatism: The Culture of Singapore's Economics Development Board


Edgar C. Schein - 1996
    Edgar Schein, a social psychologist with a long and celebrated research interest in organizational studies, examines the cultural history of the key intstitution that spawned this economic miracle. Through interviews and full access to Singapore's Economic Development Board (EDB), Schein shows how economic development was successfully promoted. He delves into the individual relationships and the overall structure that contributed to the EDB's effectiveness in propelling Singapore, one of Asia's "little dragons" into the modern era. In his foreword, Lester Thurrow locates Schein's organizational and case-specific account within a larger economic and comparative framework.Over a period of two years, Schein studied how the EDB was created, the kind of leadership it provided, the management structure it used, the human resource policies it pursued, and how it influenced other organizations within the Singapore government. Schein sat in on EDB meetings and extensively interviewed current and former members of the board, Singapore's leaders who created the board, and businesspeople who have dealt with the board. His book intertwines the perspective of the board's members and its investor clients in an analysis that uses both organization and cross-cultural theory.Although there are currently studies of comparable Japanese and Korean organizations, this is the first detailed analysis of the internal structure and functioning of the economic development body of Singapore, a key player in the Asian and world markets.

Techniques of Financial Analysis: A Practical Guide to Measuring Business Performance


Erich A. Helfert - 1996
    The ValueSource software is essential to analyze your firm's financial performance, financial budgets, business dynamics and business value. This thoroughly updated and revised bestseller is a practical action guide to: managing for shareholder value; understanding your business system; analyzing and projecting financial performance; evaluating capital investments; understanding the cost of capital; choosing financing alternatives; valuing a business and its parts.

The Handbook of Fixed Income Options: Strategies, Pricing, and Applications


Frank J. Fabozzi - 1996
    Option characteristics, contracts and pricing are provided, and the text also covers trading, hedging and arbitrage.

Interest-Rate Option Models: Understanding, Analysing and Using Models for Exotic Interest-Rate Options


Riccardo Rebonato - 1996
    This edition re-focuses the assessment of various models presented in the first edition, in light of the new developments of modelling imperfect correlation between financial quantities. It also presents a substantial new chapter devoted to this revolutionary modelling method. In this second edition, readers will also find important new data dealing with the securities market and the probabilistic/stochastic calculus tools. Other changes include: a new chapter on the issues arising in the pricing of several classes of exotic interest-rate instruments; and insights from the BDT and the Brennan and Schwartz approaches which can be combined into a new class of "generalised models." Further details can be found on the links between mean-reversion and calibration for the important classes of models. Dr Riccardo Rebonato is Director and Head of Research at Barclays Capital. He is responsible for the modelling, trading and risk management of the European exotic interest-rate products. He holds Doctorates in Nuclear Engineering and Science of Materials/Solid State Physics. Before moving into investment banking he was Research Fellow in Physics at Corpus Christi College (Oxford). He has published papers in several academic journals in finance, and is a regular speaker at conferences worldwide.

Quantitative Analysis for Investment Management


Robert A. Taggart - 1996
    The book argues that many of the most popular quantitative techniques have certain elements in common, and that if these elements can be understood, the reader can gain a working understanding of a wider variety of complex securities and portfolio management techniques.

Quantitative Methods in Finance


Terry J. Watsham - 1996
    It progresses at a comfortable pace for those with less mathematical expertise yet reaches a high level of analysis for the more experienced.

Debt Games: Strategic Interaction in International Debt Rescheduling


Vinod K. Grrarwal - 1996
    Based on a novel situational theory of bargaining, Professor Aggarwal's study provides a method to deduce actors' payoffs in different bargaining situations to develop debt games, which are then used to predict negotiating outcomes. This integrated political-economic approach to analyze bargaining episodes goes beyond simple economic models or purely descriptive studies. In doing so, it contributes to international political and economic theory, game theory, and historical research on debt negotiations.