Some of the savviest people on Wall Street have taken his Columbia Business School executive education course on the subject. Now this dynamic and popular teacher, with some colleagues, reveals the fundamental principles of value investing, the one investment technique that has proven itself consistently over time. After covering general techniques of value investing, the book proceeds to illustrate their applications through profiles of Warren Buffett, Michael Price, Mario Gabellio, and other successful value investors. A number of case studies highlight the techniques in practice. Bruce C. N. Greenwald (New York, NY) is the Robert Heilbrunn Professor of Finance and Asset Management at Columbia University. Judd Kahn, PhD (New York, NY), is a member of Morningside Value Investors. Paul D. Sonkin (New York, NY) is the investment manager of the Hummingbird Value Fund. Michael van Biema (New York, NY) is an Assistant Professor at the Graduate School of Business, Columbia University.

    Stanley, Ph.D., answers these questions and provides us with further insight into the thoughts and lives of this wealthy segment of the population in The Millionaire Mind. A follow-up to Stanley's New York Times bestseller, The Millionaire Next Door, The Millionaire Mind may surprise readers with its findings about the kinds of people that millionaires really are. Interestingly, many millionaires were not straight-A students in high school, nor did they attend prestigious colleges. Instead, they were often told when they were younger that they were not bright and that they would not be successful. These challenges taught them how to surmount obstacles and motivated them to try harder and to take risks to get ahead financially. The major risks that these millionaires have taken and continue to take are financial ones. They must overcome the fear of taking risks, and they must maintain this courage throughout their adult careers. Stanley discovered that many millionaires share similarities in techniques to allay their anxieties and stay on track financially. Some of these include: Believing in myself Counting my blessings every day Countering negativethoughtswith positive ones Sharing concerns with spouse Visualizing success Outworking, outthinking, out-toughing the competition Hiring talented advisors Constantly upgrading my knowledge about my occupation Spending considerable time planning my success Exercising regularly Having strong religious faith Stanley also reveals that millionaires are very often successful in marriage as well as in work (the typical millionaire has been married to the same spouse for over twenty-five years) and that they usually lead relatively frugal, economically productive lifestyles. Perhaps most interesting to readers will be the section that Stanley devotes to how millionaires chose the career in which they would be most likely to succeed. So don't miss out on picking apart and analyzing the thoughts and habits of millionaires with Thomas Stanley and The Millionaire Mind, a book sure to be as brilliantly revealing and fascinating as his previous bestseller on millionaires. Thomas J. Stanley, Ph.D., is a researcher, author, and lecturer. He has studied the wealthy for more than 25 years. The Millionaire Next Door, published in 1996, has sold more than one million copies in hardcover and nearly one million in paperback. The book has been on The New York Times Best Sellers list for more than 150 combined weeks. His previous books include Marketing to the Affluent, which Best of Business Quarterly named one of 10 outstanding business books, Selling to the Affluent, and Networking with the Affluent. Dr. Stanley lives in Atlanta. He was a professor of marketing at Georgia State University, where he was named Omicron Delta Kappa Outstanding Professor. He holds his doctorate from the University of Georgia in Athens.

    The interim has witnessed the most dynamic bull market in US stock history, a collapse in commodity prices, dramatic failures in some of the world′s leading hedge funds, the burst of the Internet bubble, a fall into recession and subsequent rumblings of recovery. Who have been the market wizards during this tumultuous financial period? How did some traders manage to significantly outperform a stockmarket that during its heyday moved virtually straight up?This book will feature interviews with a variety of traders who achieved phenomenal financial success during the glory days of the Internet boom. In contrast with the first two Market Wizard books, which included traders from a broad financial spectrum - stocks, bonds, currencies and futures - this volume will focus on traders in the stockmarket.

    Such a move can not only save you thousands in taxes, but can also save your house and savings and family assets from the potential attack of creditors. The book offers a clear understanding of how legal business systems and traditions have developed over the years and how the structures for running a business have evolved. Topics ranging from management control and avoiding disputes to flexibility of decision-making, taxation and start-up funding are all discussed in a concise, easily accessible manner.

    The other books in the series are The Black Swan, Antifragile,and The Bed of Procrustes.

    Self-made real estate mogul Dolf de Roos reveals why investing in property isso simple and lucrative as he gives insider secrets for getting ahead in thishigh-profit business.

    Book by Hedges, Burke

    Pettis combines the insights of economic history, economic theory, and finance theory into a comprehensive model for understanding sovereign liability management and the causes of financial crises. He examines recent financial crises in emerging market countries along with the history of international lending since the 1820s to argue that the process of international lending is driven primarily by external events and not by local politics and/or economic policies. He draws out the corporate finance implications of this approach to argue that most of the current analyses of the recent financial crises suffered by Latin America, Asia, and Russia have largely missed the point. He then develops a sovereign finance model, analogous to corporate finance, to understand the capital structure needs of emerging market countries. Using this model, he finally puts into perspective the recent crises, a new sovereign liability management theory, the implications of the model for sovereign debt restructurings, and the new financial architecture.Bridging the gap between finance specialists and traders, on the one hand, and economists and policy-makers on the other, The Volatility Machine is critical reading for anyone interested in where the international economy is going over the next several years.

    By learning the rules that the wealthy play by, business owners can take advantage of legal tax deductions to cut their annual tax payments.

    Mark Victor Hansen, cocreator of the phenomenal Chicken Soup for the Soul series, and Robert G. Allen, one of the world’s foremost financial experts, have helped thousands of people become millionaires. Now it’s your turn.Is it possible to make a million dollars in only one minute? The answer just might surprise you. The One Minute Millionaire is an entirely new approach, a life-changing “millionaire system” that will teach you how to:* Create wealth even when you have nothing to start with.* Overcome fears so you can take reasonable risks.* Use the power of leverage to build wealth rapidly.* Use “one minute” habits to build wealth over the long term.The One Minute Millionaire is a revolutionary approach to building wealth and a powerful program for self-discovery as well. Here are two books in one, fiction and nonfiction, designed to address two kinds of learning so that you can fully integrate these life-changing lessons. On the right-hand pages, you will find the fictional story of a woman who has to make a million dollars in ninety days or lose her two children forever. The left-hand pages give the practical, step-by-step nonfiction strategies and techniques that actually work in the real world. You’ll find more than one hundred nuts-and-bolts “Millionaire Minutes,” each one a concise and invaluable lesson with specific techniques for creating wealth. However, the lessons here are not just about becoming a millionaire—they are about becoming an enlightened millionaire and how to ethically make, keep, and share your wealth. Whether your goal is less than a million dollars or that amount many times over, there’s never been a better time to achieve abundance. Let The One Minute Millionaire show you the way.

    Book on financial advice

    Samuelson Award for scholarly writing on lifelong financial security, John Cochrane's Asset Pricing now appears in a revised edition that unifies and brings the science of asset pricing up to date for advanced students and professionals. Cochrane traces the pricing of all assets back to a single idea--price equals expected discounted payoff--that captures the macro-economic risks underlying each security's value. By using a single, stochastic discount factor rather than a separate set of tricks for each asset class, Cochrane builds a unified account of modern asset pricing. He presents applications to stocks, bonds, and options. Each model--consumption based, CAPM, multifactor, term structure, and option pricing--is derived as a different specification of the discounted factor.The discount factor framework also leads to a state-space geometry for mean-variance frontiers and asset pricing models. It puts payoffs in different states of nature on the axes rather than mean and variance of return, leading to a new and conveniently linear geometrical representation of asset pricing ideas.Cochrane approaches empirical work with the Generalized Method of Moments, which studies sample average prices and discounted payoffs to determine whether price does equal expected discounted payoff. He translates between the discount factor, GMM, and state-space language and the beta, mean-variance, and regression language common in empirical work and earlier theory.The book also includes a review of recent empirical work on return predictability, value and other puzzles in the cross section, and equity premium puzzles and their resolution. Written to be a summary for academics and professionals as well as a textbook, this book condenses and advances recent scholarship in financial economics.

    In The Dark Side of Valuation, one of the worlds leading valuation experts reviews every approach, demonstrating exactly how to adapt traditional techniques to minimize risks and maximize returns. Aswath Damodaran begins with an overview of the markets dramatic shift towards technology stocks - specifically new technology stocks. He then identifies key valuation principles and techniques, demonstrating them through five case studies that encompass the entire technology company lifecycle: Amazon.com, Ariba, Cisco, Motorola, and a new IPO-ready startup. Coverage includes: *Adaptation of discounted cash flow models for tech companies with limited histories, shifting business m

    Today's investors will learn about past approaches to technological advances such as-electricity, the railroad, the telephone, the computer, and much more-while gaining insights on how to appraise the "new technology" companies of the future. This complete and well researched history of industries and investing wouldn't be complete without a look at: how Thomas Edison lost control of his company, the impact of the Standard Oil breakup, the early days of the wireless industry, and the changing face of the computer industry today. Investors looking for industry-shaping investments will undoubtedly use Engines That Move Markets as their guide.

    Adapted from the comprehensive, even epic, works Derivatives and Paul Wilmott on Quantitative Finance, Second Edition, it includes carefully selected chapters to give the student a thorough understanding of futures, options and numerical methods. Software is included to help visualize the most important ideas and to show how techniques are implemented in practice. There are comprehensive end-of-chapter exercises to test students on their understanding.

    It utilizes real-world examples and real financial data throughout the book to apply the models and methods described. The author begins with basic characteristics of financial time series data before covering three main topics: analysis and application of univariate financial time series; the return series of multiple assets; and Bayesian inference in finance methods.

    As long as a person advancing money expects to share in the profits earned (or losses incurred) by the other party, a stipulated proportion of profit is legitimate. The philosophy is enshrined in the traditional Islamic concepts of musharakah and mudarabah, along with their specialized modern variants murabahah, ijarah, salam, and istisna'. This invaluable guide to Islamic finance clearly delineates the all-important distinctions between Islamic practices and conventional procedures based on interest. Justice Usmani of Pakistan, who chairs several Shari'ah supervisory boards for Islamic banks, clearly explains the various modes of financing used by Islamic banks and non-banking financial institutions, emphasizing the necessary requirements for their acceptability from the Shari'ah standpoint and the correct method for their application. He deals masterfully with practical problems as they arise in the course of his presentation, and offers possible solutions in each instance.

    Plus, these secrets can help you to eliminate years of struggle and wasted effort and make you an absolute fortune...Just like they already have for thousands of others! 'Conversations with Millionaires' can help you to get more of what you want in life because you will be learning the same methods, techniques, and secrets that have already been time-tested and proven to work in the real world.

    Nearly all of their income is spent paying credit card bills, mortgages and car notes, a frustrating pattern with no apparent end in sight. When emergencies arise, they resort to borrowing more money or juggling bills just to make ends meet.

    Based on hundreds of interviews with officials at the IMF, the World Bank, the U.S. Treasury, the Federal Reserve, the White House, and many foreign governments, The Chastening offers a behind-the-scenes look at the Fund during an extraordinarily turbulent period in modern economic history and at a time when the IMF has become the object of intense political controversy. While the IMF and its overseers at the Treasury and the Fed have sought to cultivate an image of economic masterminds coolly dispensing effective economic remedies, the reality is that as markets were sinking and defaults looming, the guardians of global financial stability were often floundering, improvising, and feuding among themselves. The Chastening casts serious doubt on the IMF's ability to combat of investor panics at a time when massive flows of money traverse borders and oceans. A readable, compelling account of the deeply flawed workings of the international political system, The Chastening is vital reading for students and scholars of international diplomacy, government, and economic and public policy.

    You'll want to read it to find out which river you live on and give it to your friends to encourage them to move to the third river !

    Emphasis is on physical concepts and useful results, rather than rigorous mathematical proofs. Completeing this volume is free and user-friendly software.

    Reflecting this development, Numerical Methods in Finance and Economics: A MATLAB?-Based Introduction, Second Edition bridges the gap between financial theory and computational practice while showing readers how to utilize MATLAB?--the powerful numerical computing environment--for financial applications. The author provides an essential foundation in finance and numerical analysis in addition to background material for students from both engineering and economics perspectives. A wide range of topics is covered, including standard numerical analysis methods, Monte Carlo methods to simulate systems affected by significant uncertainty, and optimization methods to find an optimal set of decisions. Among this book's most outstanding features is the integration of MATLAB?, which helps students and practitioners solve relevant problems in finance, such as portfolio management and derivatives pricing. This tutorial is useful in connecting theory with practice in the application of classical numerical methods and advanced methods, while illustrating underlying algorithmic concepts in concrete terms. Newly featured in the Second Edition: * In-depth treatment of Monte Carlo methods with due attention paid to variance reduction strategies * New appendix on AMPL in order to better illustrate the optimization models in Chapters 11 and 12 * New chapter on binomial and trinomial lattices * Additional treatment of partial differential equations with two space dimensions * Expanded treatment within the chapter on financial theory to provide a more thorough background for engineers not familiar with finance * New coverage of advanced optimization methods and applications later in the text Numerical Methods in Finance and Economics: A MATLAB?-Based Introduction, Second Edition presents basic treatments and more specialized literature, and it also uses algebraic languages, such as AMPL, to connect the pencil-and-paper statement of an optimization model with its solution by a software library. Offering computational practice in both financial engineering and economics fields, this book equips practitioners with the necessary techniques to measure and manage risk.

    Without a firm understanding of the psychology of trading, even the best stock picker will fail. The Trading Athlete gives specific instruction on how new and seasoned traders can keep themselves at the top of their mental game.-Tim Bourquin, Cofounder, TraderInterivews.com and The Online Trading Expo This book is a great training camp for online traders. Doug and Shane will provide the knowledge and motivation to help you become a successful trader.-Jonathan Markowitz, Partner, SMW Trading Co., Inc. Traders, just like athletes, face tremendous pressure, stress, and expectations that would crush the ordinary, unprepared individual. The Trading Athlete utilizes sport psychology strategies to provide you with the knowledge, confidence, and discipline needed to succeed and profit in the sink-or-swim world of online trading. Using real-world examples of athletes and online traders, this book will help you reach the peak of your online trading performance with in-depth analysis of: * Building confidence in good times and bad * Handling losses by examining your methods * Focusing and maintaining concentration * Playing the game one trade at a time Through sport psychology strategies exemplified by John Elway, Arthur Ashe, and other athletes, you will finally begin to trade and survive in the big leagues.

    Respected authors Gabriel Hawawini and Claude Viallet draw on their wealth of business experience to provide a concise, analytically sound introduction to financial management that is neither too simplistic nor too theoretical. In fact, the book masterfully balances a thorough exploration of modern finance principles with a strong practical focus on real-world applications and rigorous analysis, even while avoiding complicated formulas with little value for decision-making. FINANCE FOR EXECUTIVES employs a strong problem-scenario approach to present key concepts within the context of realistic financial management issues that executives commonly face. In addition, a series of integrated case studies analyzes the same set of companies throughout the book to explore concepts in greater depth and reinforce learning. The book also features a highly reader-friendly structure and presentation, with self-contained chapters that make it an invaluable reference and resource. In addition, the Fourth Edition includes extensive updates incorporating the most recent financial data and latest references, as well as a new chapter devoted to managing corporate risk, an essential topic for success in today's high-stakes business environment.

    

    Offering investors and practitioners an insider's perspective on how rating agencies assign all-important credit ratings to banks, the book is updated to reflect today's environment of increased oversight and demands for greater transparency. It includes international case studies of bank credit analysis, suggestions and insights for understanding and complying with the Basel Accords, techniques for reviewing asset quality on both quantitative and qualitative bases, explores the restructuring of distressed banks, and much more.Features charts, graphs, and spreadsheet illustrations to further explain topics discussed in the text Includes international case studies from North America, Asia, and Europe that offer readers a global perspective Offers coverage of the Basel Accords on Capital Adequacy and Liquidity and shares the authors' view that a bank could be compliant under those and other regulations without being creditworthy A uniquely practical guide to bank credit analysis as it is currently practiced around the world, The Bank Credit Analysis Handbook, Second Edition is a must-have resource for equity analysts, credit analysts, and bankers, as well as wealth managers and investors.

    Boughton discusses the IMF's surveillance of the international monetary system in the 1980s; the Fund's role in the international debt crisis of the 1980s, and IMF lending in support of structural adjustment in low-income countries during that period. The volume concludes with a general history of the institution, including the quota system, the SDR, membership, and other institutional matters.

    Yet even the most savvy investors need instruction.Now in its third edition, The Options Workbook has been updated and reformatted in a larger, more convenient, and user-friendly design. Three all-new chapters explain key trading concepts-volatility, the collar, and the covered call-and show how these can be applied to mitigate risk and increase profits. What’s more, this fresh edition incorporates additional interactive content-exercises, hands-on tools, and lessons that complement the in-depth curriculum on ITI’s Web site, www.itichicago.com.

    In the writing of this volume, the Rothschild families have brought no influence of any kind to bear; the author's aim has been to portray without prejudice or partiality the tremendous part that the House played in the events of the nineteenth century. Original documents and letters that had been intercepted have occasionally afforded particularly illuminating revelations; although, in the case of extracts from some of the letters, it is necessary to bear in mind that the originals were probably carefully altered by the Rothschilds themselves, with the deliberate intention of making upon persons like Metternich a definite impression such as would assist them in carrying out their plans. Seen in this light they are no less instructive and characteristic of the methods of the House than the more ingenuous documents that undoubtedly constitute a large proportion of those used in this work. The epilogue which appears at the end of the book makes no claim to continue the treatment of the subject on the same lines; it merely attempts to bring out one or two of the more striking moves executed by the House of Rothschild on the political chessboard during the sixty years leading up to the present day, moves which show how the House, in spite of growing difficulties, vanishing influence, and the powerful competition of younger and richer firms, has endeavored until the most recent times to maintain its position, to influence international policies, and although with diminishing success, to drive them along the path which corresponded to the interests of the bank.

    This culture has been profoundly shaped by Christianity. It has allowed the people living within it to flourish to a greater extent than any other in human history. Today there are forces at work within our own educational institutions that are seeking to destroy this culture by denying its very foundational principles. If supporters of Western civilization fail to understand the basis upon which it rests, they may unwittingly succumb to this assault. Because of this, it is essential that those who wish to protect and advance the culture understand these principles. The aim of this book is to provide its readers with that understanding. The book is designed to be used as an introductory text in Western Civilization and is equally well suited for a group study series or for individual reading. Complete with study questions for each chapter as well as a comprehensive index.

    No prior financial knowledge is assumed. Several features of this book are tailored specifically to help the reader. First, learning outcome statements (LOS) specify the objective of each chapter. Second, examples and problem practice are emphasized so that the reader can gain confidence in meeting the LOS objectives. Finally, examples and problems seek to present situations faced by investment practitioners and reflect the global investment community.

    And within the mind of any successful trader exist surprisingly similar emotions and psychological beliefs. The 21 Irrefutable Truths of Trading introduces these values and beliefs, then explains how traders can and must work to understand and harness these beliefs, and gain the psychological edge necessary to win in today's all-or-nothing trading battlefield.Divided into two parts -- the first focusing on common strengths and weaknesses, the second on ways to enhance the strengths and control the weaknesses while trading -- The 21 Irrefutable Truths of Trading introduces: -- Techniques to develop certainty, intuition, and discipline-- Technical analysis and trading methodologies to trade more effectively-- How to properly align trading with the movement of the market

    * Examines both the short-run and long-run effects for private equity investments. * Author is a leader and one of the most respected authorities in this field.

    Take The Money Trap Quiz Do you have a magic number -- a certain am out of money-you know will leave you set for life? Does your job require you to work long hours in order to get ahead and stay ahead? Does your definition of what it means to be rich keep changing? Do you take pride in your ability to manage your life on limited funds? Have all your attempts at creating a budget ended in failure? Do you swing between binge spending and the careful conservation of your resources? Do your money problems stem not from irresponsibility or lack of control, but from depression or another psychological problem?If you answered yes to any of these questions, you may have a money disorder.In The Money Trap, Ron Gallen identifies the most common causes of money disorders and provides a program to heal everything from out-of-control spending to workaholism to money obsession to underearning.

    A strong philosophical approach with practical applications. Presents in-depth coverage of classical probability theory as well as new theory.

    It's hard to find straight answers on which investment vehicles are the best, which ones will last, and what opportunities truly suit your needs. Dean LeBaron's Treasury of Investment Wisdom easily answers all these questions for you. This comprehensive guide to the world's greatest investment ideas and thinkers gives you everything you need to understand today's complex and exciting investment landscape. "There have been other books on investment gurus, but none as complete nor as entertaining as this one. Dean LeBaron has produced an enlightening, thorough, and thought-provoking compendium of the thinking of many of the nation's investment professionals. It covers all the major investment styles and vehicles, from active portfolio management to venture capital, and offers theoretical insights into everything from behavioral finance to market efficiency, providing point and counterpoint. It's a must read." -Michael J. Clowes, editorial director, Pensions & Investments and Investment News and author of The Money Flood: How Pension Funds Revolutionized Investing Filled with commentaries and opinions on a wide range of must-know investment issues, Dean LeBaron's Treasury of Investment Wisdom is your guide to a profitable investing future. Take your investment knowledge to the next level with one-of-a-kind insights that have made the best investors in the world what they are today.

    Banks and financial houses all over the world recognize this and are avidly recruiting mathematicians, physicists, and other scientists with these skills. The mathematics involved in modern finance springs from the heart of probability and analysis, for example: the It calculus, stochastic control, differential equations, and martingales. The authors give rigorous treatments of these topics, while always keeping the applications in mind. Thus, the way in which the mathematics is developed is governed by the way it will be used, rather than by the goal of optimal generality. Indeed, most of purely mathematical topics are treated in extended excursions from the applications into the theory. Thus, with the main topic of financial modelling and optimization in view, the reader also obtains a self-contained and complete introduction to the underlying mathematics. This book is specifically designed as a graduate textbook.

    Susu and Susunomics: The Theory and Practice of Pan-African Economic, Racial and Cultural Self-Preservation is one of the most powerful and effective books ever written on one of the oldest economic systems practiced. The book is the second part of the Susu series. It discusses the practical means of developing what is required for the building of strong economic, social and cultural power in African-America as well as the rest of the Black world and the world of those striving to improve their economic, social and cultural conditions. Susu and Susunomics shows how communities such as refugees from World War II Europe and Afro-Caribbean people have used susu and economic nationalism to build up collective and individual wealth through unity, cooperation and the pooling of their resources. Susu and Susunomics discuses the form of susu economics practiced by Koreans, Black West Indians and others. It also stresses the point that in many northern cities beginning as early as the 1620s, Blacks were developing in parity with whites until slavery was officially established during the 1680s, a move that was illegal. The use of susu in the Southern U.S. and the building of strong, thriving, economically stable Black communities is also part of the evidence in this text. This book deals with a number of very important issues of significant important to the Black communities worldwide. Some of the issues include: creating a tax and job base; the attitude needed to be successful; economic racism and stopping it; susu banking and building a susu economy; workers and the susu system; pooling money to buy banks, factories, lands and other assets; stopping population control and managing a strong, growing population; Susuism and independence; the Black male and rebuilding the Black family and a number of very important issues and solutions.

    From the men who move billions of dollars with a few carefully chosen words to the writers, comedians, and columnists who point out when these words aren't so carefully chosen."--BOOK JACKET.

    It is an extensive and authoritative guide to economists both past and present, providing biographical, bibliographical and critical information on over 100 economists working in the non-neoclassical traditions broadly defined. It includes entries on, amongst others, radical economists, Marxists, post-Keynesians, behaviourists, Kaleckians and institutionalists. The book demonstrates the extent and richness of the radical heterodox tradition in economics.This second edition continues to mark a departure from what is usually found in a biographical dictionary for, in addition to providing standard biographical information, living economists have themselves been asked to state their principal contributions to economics, supplemented by a list of their leading books and articles.A Biographical Dictionary of Dissenting Economists, Second Edition will continue to be an essential reference source for instructors, researchers and students of economics, its development and history.