Best of
Finance

2003

The Five Rules for Successful Stock Investing: Morningstar's Guide to Building Wealth and Winning in the Market


Pat Dorsey - 2003
    His methodology is sound, his examples clear, and his approach timeless. --Christopher C. Davis Portfolio Manager and Chairman, Davis Advisors Over the years, people from around the world have turned to Morningstar for strong, independent, and reliable advice. The Five Rules for Successful Stock Investing provides the kind of savvy financial guidance only a company like Morningstar could offer. Based on the philosophy that investing should be fun, but not a game, this comprehensive guide will put even the most cautious investors back on the right track by helping them pick the right stocks, find great companies, and understand the driving forces behind different industries--without paying too much for their investments. Written by Morningstar's Director of Stock Analysis, Pat Dorsey, The Five Rules for Successful Stock Investing includes unparalleled stock research and investment strategies covering a wide range of stock-related topics. Investors will profit from such tips as: * How to dig into a financial statement and find hidden gold . . . and deception * How to find great companies that will create shareholder wealth * How to analyze every corner of the market, from banks to health care Informative and highly accessible, The Five Rules for Successful Stock Investing should be required reading for anyone looking for the right investment opportunities in today's ever-changing market.

The Total Money Makeover Workbook


Dave Ramsey - 2003
    With inspiring real-life stories and thought-provoking questionnaires, this workbook will help you achieve financial fitness as you daily work out those newly defined money muscles. Ramsey will motivate you to immediate action, so you can: Set up an emergency fund (believe me, you're going to need it) Pay off your home mortgage―it is possible. Prepare for college funding (your kids will love you for it) Maximize your retirement investing so you can live your golden years in financial peace Build wealth like crazy! With incentive exercises that really do exercise your spending and saving habits, Ramsey will get your mind and your money working to make your life free of fiscal stress and strain. It's a no-nonsense plan that will not only make over your money habits, but it will also completely transform your life.

The Smartest Guys in the Room: The Amazing Rise and Scandalous Fall of Enron


Bethany McLean - 2003
    And thirty years later, if you're going to read only one book on Watergate, that's still the one. Today, Enron is the biggest business story of our time, and Fortune senior writers Bethany McLean and Peter Elkind are the new Woodward and Bernstein.Remarkably, it was just two years ago that Enron was thought to epitomize a great New Economy company, with its skyrocketing profits and share price. But that was before Fortune published an article by McLean that asked a seemingly innocent question: How exactly does Enron make money? From that point on, Enron's house of cards began to crumble. Now, McLean and Elkind have investigated much deeper, to offer the definitive book about the Enron scandal and the fascinating people behind it.Meticulously researched and character driven, Smartest Guys in the Room takes the reader deep into Enron's past—and behind the closed doors of private meetings. Drawing on a wide range of unique sources, the book follows Enron's rise from obscurity to the top of the business world to its disastrous demise. It reveals as never before major characters such as Ken Lay, Jeff Skilling, and Andy Fastow, as well as lesser known players like Cliff Baxter and Rebecca Mark. Smartest Guys in the Room is a story of greed, arrogance, and deceit—a microcosm of all that is wrong with American business today. Above all, it's a fascinating human drama that will prove to be the authoritative account of the Enron scandal.

Real Estate Loopholes: Secrets of Successful Real Estate Investing


Diane Kennedy - 2003
    By examining the three keys to successful real estate investing - selection, taxation and protection - this book shows what it takes.

Understanding Stocks


Michael Sincere - 2003
    New chapters cover short selling, alternative investments such as commodities and bonds, and candlestick charting.Michael Sincere is a full-time columnist, writer, and author of nine books, including "The After-Hours Trader, Understanding Options," and "All About Market Indicators."

Saving Capitalism From The Capitalists: How Open Financial Markets Challenge the Establishment and Spread Prosperity to Rich and Poor Alike


Raghuram G. Rajan - 2003
    Financial markets are the least understood and most highly criticized part of the capitalist system. The greed of participants involved in scandals like Enron adds fuel to the fire that these markets are a tool of the rich. Powerful interest groups oppose markets, especially financial markets, because markets undermine their power. Winners in the market want to entrench their position and prevent others from breaking through by suppressing markets. Losers would also like to suppress the market because they cannot compete. Saving Capitalism From the Capitalists explores how financial markets free human ingenuity, make nations competitive and are the basis for broadening prosperity.

Dumping Debt


Dave Ramsey - 2003
    Truth: Debt isn't used by wealthy people nearly as much as we are led to believe.Debt is dumb. Most normal people are just plain broke because they are in debt up to their eyeballs with no hope of help. If you're in debt, then you're a slave because you do not have the freedom to use your money to help change your family tree.It takes a lot of will, discipline, courage and help to slay the debt monster. But it can be done. Imagine how much you could put toward retirement if you just didn't have a stinking car payment? This is how the wealthy really build their wealth. Debt is dumb. Welcome to the real world!The myth has been sold that we should use OPM (other people's money) to prosper. The academic garbage is spread really thick on this issue. My contention is that debt brings on enough risk to offset any advantage that could be gained through leverage of debt.

Princes of the Yen: Japan's Central Bankers and the Transformation of the Economy


Richard A. Werner - 2003
    It gives special emphasis to the 1980s and 1990s when Japan's economy experienced vast swings in activity. According to the author, the most recent upheaval in the Japanese economy is the result of the policies of a central bank less concerned with stimulating the economy that with its own turf battles and its ideological agenda to change Japan's economic structure. The book combines new historical research with an in-depth behind-the-scenes account of the bureaucratic competition between Japan's most important institutions: the Ministry of Finance and the Bank of Japan. Drawing on new economic data and first-hand eyewitness accounts, it reveals little known monetary policy tools at the core of Japan's business cycle, identifies the key figures behind Japan's economy, and discusses their agenda. The book also highlights the implications for the rest of the world, and raises important questions about the concentration of power within central banks.

Financial Peace Jr.: Teaching Kids About Money! : "Cool Tools" for Training Tomorrow's Millionaires!


Dave Ramsey - 2003
    You're raising a future grown-up who needs to be able to deal with grown-up matters. Teach your children how to handle money while they are y

What Every Real Estate Investor Needs to Know about Cash Flow...and 36 Other Key Financial Measures


Frank Gallinelli - 2003
    This is a guide to 34 essential calculations that answer crucial questions such as 'What is the building really worth today?'.

Bull!: A History of the Boom and Bust, 1982-2004


Maggie Mahar - 2003
    Then, the market rose and rapidly gained speed until it peaked above 11,000. Noted journalist and financial reporter Maggie Mahar has written the first book on the remarkable bull market that began in 1982 and ended just in the early 2000s. For almost two decades, a colorful cast of characters such as Abby Joseph Cohen, Mary Meeker, Henry Blodget, and Alan Greenspan came to dominate the market news.This inside look at that 17-year cycle of growth, built upon interviews and unparalleled access to the most important analysts, market observers, and fund managers who eagerly tell the tales of excesses, presents the period with a historical perspective and explains what really happened and why.

Strategic Logic


J. Carlos Jarillo - 2003
    Working with real-life examples and based on rigorous theory, the author analyses key managerial decisions and shows how to ensure these enhance the company's long-term profitability. Mergers and acquisitions are great opportunities for strategic development, but they can also destroy value. The author indicates how to judge on what side a specific case will fall.

The Random Walk Guide to Investing: Ten Rules for Financial Success


Burton G. Malkiel - 2003
    Malkiel takes the mystery out of personal finance by outlining Malkiel's own ten-point plan for success. Easy to read and easy to follow, this practical book aimed at the investment novice cuts through the jargon to give readers the confidence and knowledge to make wise investment decisions that will provide consistent returns.

Monte Carlo Methods in Financial Engineering


Paul Glasserman - 2003
    The book will appeal to graduate students, researchers, and most of all, practicing financial engineers [...] So often, financial engineering texts are very theoretical. This book is not." --Glyn Holton, Contingency Analysis

International Finance: An Analytical Approach


Imad A. Moosa - 2003
    This book is usable for single semester or longer courses. It contains global case studies integrated and practical examples of the application of concepts. 'Insight' features provide background, while 'Research Findings' add empirical evidence.

Free and Clear: God's Roadmap to Debt-Free Living


Howard Dayton - 2003
    Skyrocketing debt has crippled and divided millions in this age of rampant credit, interest-only mortgages, and record loan defaults. The way out from under debt burdens is not a declaration of bankruptcy, but surrender to the Word of God. Becoming debt-free may seem an impossible dream for many, but it is actually an attainable goal according to Howard Dayton, cofounder of Crown Financial Ministries. He overcame his own struggle with debt by applying God's principles to managing his finances, principles he lays out in this practical, encouraging, never-give-up book.

The Treasure Principle Bible Study: Discovering the Secret of Joyful Giving


Brian W. Smith - 2003
    In this companion Bible study, the principles become personally applicable and more real than ever, with a powerful combination of biblical concepts, practical quotations from the book, thought-provoking questions, group discussion starters, and short Scripture passages for meditation and memorization. Managing God's investment in their lives will become a new delight, as Christians learn to put their resources to their most rewarding use.

Money and Banking in the Philippines: Perspectives from Bangko Sentral ng Pilipinas


Bangko Sentral ng Pilipinas Staff - 2003
    

Adventure Capitalist: The Ultimate Road Trip


Jim Rogers - 2003
    . . and grow rich!The bestselling author of Investment Biker is back from the ultimate road trip: a three-year drive around the world that would ultimately set the Guinness record for the longest continuous car journey. In Adventure Capitalist, legendary investor Jim Rogers, dubbed “the Indiana Jones of finance” by Time magazine, proves that the best way to profit from the global situation is to see the world mile by mile. “While I have never patronized a prostitute,” he writes, “I know that one can learn more about a country from speaking to the madam of a brothel or a black marketeer than from meeting a foreign minister.”Behind the wheel of a sunburst-yellow, custom-built convertible Mercedes, Rogers and his fiancée, Paige Parker, began their “Millennium Adventure” on January 1, 1999, from Iceland. They traveled through 116 countries, including many where most have rarely ventured, such as Saudi Arabia, Myanmar, Angola, Sudan, Congo, Colombia, and East Timor. They drove through war zones, deserts, jungles, epidemics, and blizzards. They had many narrow escapes.They camped with nomads and camels in the western Sahara. They ate silkworms, iguanas, snakes, termites, guinea pigs, porcupines, crocodiles, and grasshoppers.Best of all, they saw the real world from the ground up—the only vantage point from which it can be truly understood—economically, politically, and socially.Here are just a few of the author’s conclusions: • The new commodity bull market has started.• The twenty-first century will belong to China.• There is a dramatic shortage of women developing in Asia.• Pakistan is on the verge of disintegrating.• India, like many other large nations, will break into several countries.• The Euro is doomed to fail.• There are fortunes to be made in Angola.• Nongovernmental organizations (NGOs) are a scam.• Bolivia is a comer after decades of instability, thanks to gigantic amounts of natural gas.Adventure Capitalist is the most opinionated, sprawling, adventurous journey you’re likely to take within the pages of a book—the perfect read for armchair adventurers, global investors, car enthusiasts, and anyone interested in seeing the world and understanding it as it really is.

The Concepts and Practice of Mathematical Finance


Mark S. Joshi - 2003
    M. Joshi covers the strengths and weaknesses of such models as stochastic volatility, jump diffusion, and variance gamma, as well as the Black-Scholes. Examples and exercises, with answers, as well as computer projects, challenge the mind and encourage learning how to become a good quantitative analyst.

Investment Leadership: Building a Winning Culture for Long-Term Success


James W. Ware - 2003
    With the help of diagnostic tools, practical advice from industry leaders, and real-life case studies, this book sets out to explain what is wrong with the status quo and reveal the secrets of long-term success in the investment industry. James W. Ware, CFA, currently works as a consultant to money managers. He is the coauthor of The Leadership Genius of George W. Bush (0-471-42006-9). Beth Michaels has worked with many organizations, including Chevrolet Motors and the McDonald's Corporation. Dale Primer has worked with business executives from more than 700 individual businesses in over eighty-five separate industries.

The New CFO Financial Leadership Manual


Steven M. Bragg - 2003
    This thorough guidebook is essential reading for the CFO requiring an overview of strategies, measurement and control systems, financial analysis tools, funding sources, and management improvement tips.

Biblical Roads to Financial Freedom: Simple Steps to Prosperity on Earth and Treasures in Heaven


Robert Katz - 2003
    It can quickly destroy the fiber of your soul or it can be a source of tremendous blessing for yourself and others. Biblical Roads to Financial Freedom will help you to navigate your way to financial freedom as well as open up doors to spiritual prosperity. You will learn the ten biblical financial principles that are most often violated by Christians. And you will learn the price you pay if you violate these truths. Biblical Roads to Financial Freedom is your personal roadmap wise decision-making regarding the stewardship of your earthly finances. At the same time you will be shown the pathways to create lasting treasures in heaven.

The Statistical Mechanics of Financial Markets (Theoretical and Mathematical Physics)


Johannes Voit - 2003
    The random-walk technique, well known in physics, is also the basic model in finance, upon which are built, for example, the Black-Scholes theory of option pricing and hedging, plus methods of portfolio optimization. Here the underlying assumptions are assessed critically. Using empirical financial data and analogies to physical models such as fluid flows, turbulence, or superdiffusion, the book develops a more accurate description of financial markets based on random walks. With this approach, novel methods for derivative pricing and risk management can be formulated. Computer simulations of interacting-agent models provide insight into the mechanisms underlying unconventional price dynamics. It is shown that stock exchange crashes can be modelled in ways analogous to phase transitions and earthquakes, and sometimes have even been predicted successfully. This third edition of "The Statistical Mechanics of Financial Markets" especially stands apart from other treatments because it offers new chapters containing a practitioner's treatment of two important current topics in banking: the basic notions and tools of risk management and capital requirements for financial institutions, including an overview of the new Basel II capital framework which may well set the risk management standards in scores of countries for years to come.

Financial Valuation, + Website: Applications and Models


James R. Hitchner - 2003
    Delivering valuation theory, the consensus view on application, and the tools to make it happen, James Hitchners all-star cast of contributors offer numerous examples, checklists, and models to assist in navigating a valuation project. The book contains hundreds of short, easily understandable "Valuation Tips," and covers best practices from the view of these twenty-five experts.

The ABC's of Handling Money God's Way


Howard Dayton - 2003
    Nothing could be farther from biblical truth. The ABC's of Handling Money God's Way is an excellent tool to combat these fallacies and teach children basic principles of working, giving, saving, and spending. This colorful, story-based workbook will engage children ages 5-7 and keep them interested as they learn that God's plan for handling our finances is so much better than the world's way.

Common Stocks as Long Term Investments


Edgar Lawrence Smith - 2003
    Due to its age, it may contain imperfections such as marks, notations, marginalia and flawed pages. Because we believe this work is culturally important, we have made it available as part of our commitment for protecting, preserving, and promoting the world's literature in affordable, high quality, modern editions that are true to the original work.

Financial Literacy: Finding Your Way in the Financial Markets


Connel Fullenkamp - 2003
    

What Every Real Estate Investor Needs to Know About Cash Flow...And 36 Other Key FInancial Measures


Frank Gallinelli - 2003
    What Every Real Estate Investor Needs to Know About Cash Flow . . . is a guide to the 34 most essential calculations that answer such crucial questions as "What is this building really worth today?" "What kind of cash flow can I expect?" "Is this property a good investment?" and "How do I calculate my return?" For beginning investors, real estate veterans, commercial brokers, and sellers as well as buyers, this handy reference is a must-have for anyone who wants to make sound decisions based on accurate calculations of: Discounted cash flow Cash-on-cash return Net operating income Capitalization rate Gross rent multiplier Net present value Payback period Mortgage amortization And many more

Public Policy and Social Issues: Jewish Sources and Perspectives


Marshall J. Breger - 2003
    Here, prominent Jewish scholars and commentators address various social issues and public policies from a Jewish perspective, using Jewish sources and documents to elucidate responses and propose solutions that are in keeping with Jewish law as set out by the major documents of the Jewish faith.Abortion, stem cell research, welfare reform, euthanasia, genetic engineering, and other hot-button issues are topics of primary concern to politicians, lawmakers, religious leaders, and ordinary citizens alike. Designing public policies to meet the needs of a diverse society is challenging, and the variety of necessary perspectives are often clouded by competing ideas about social responsibility, personal freedom, religious beliefs, and governmental intervention. Here, prominent Jewish scholars and commentators address various social issues and public policies from a Jewish perspective, using Jewish sources and documents to elucidate responses and propose solutions that are in keeping with Jewish law as set out by the major documents of the Jewish faith. Their conclusions about ways to consider issues of public concern and private consideration, and their adherence to conservative politics, may surprise readers. What emerges is the notion that Jewish thought can contribute to the American political discourse and is available to anyone looking for answers to today's toughest questions.Creating a public policy to address social issues that is both responsible and morally guided can be a difficult proposition for lawmakers. Making personal decisions about these same issues can be even more difficult as people struggle for guidance. Addressing many of the issues that are hotly debated in the media and in the corridors of our government, conservative, reform, and orthodox commentators carefully outline an approach for lawmakers and individuals. This approach incorporates Jewish law into a public policy philosophy that is both conservative-leaning and politically available. Taken as a whole, the essays underscore that Jewish tradition mostly (albeit not invariably) leads one to the politically conservative side of the aisle.

A Free Nation Deep in Debt: The Financial Roots of Democracy


James Macdonald - 2003
    In A Free Nation Deep in Debt, James Macdonald provides a novel answer for how and why this political transformation occurred. The pressures of war finance led ancient states to store up treasure; and treasure accumulation invariably favored autocratic states. But when the art of public borrowing was developed by the city-states of medieval Italy as a democratic alternative to the treasure chest, the balance of power tipped. From that point on, the pressures of war favored states with the greatest public creditworthiness; and the most creditworthy states were invariably those in which the people who provided the money also controlled the government. Democracy had found a secret weapon and the era of the citizen creditor was born. Macdonald unfolds this tale in a sweeping history that starts in biblical times, passes via medieval Italy to the wars and revolutions of the seventeenth and eighteenth centuries, and ends with the great bond drives that financed the two world wars.

Money is My Friend for the New Millenium: Eliminate Your Financial Fears and Take Steps to Financial Freedom


Phil Laut - 2003
    Money is My Friend for the New Millennium is co-authored by Jeffery Combs and Lisa Kitter, two individuals who overcame their money limitations to create true prosperity. The issues that confound progress are more easily cured than endured with the methods in this book! More than 400,000 copies of the original book have been sold, including fifteen foreign language editions.

High Performance Options Trading: Option Volatility and Pricing Strategies w/website (A Marketplace Book)


Leonard Yates - 2003
    Will take 25-35 days

Investment Performance Measurement


Bruce J. Feibel - 2003
     Investment Performance Measurement is a comprehensive guide that covers the subjects of performance and risk calculation, attribution, presentation, and interpretation. This information-packed book covers a wide range of related topics, including calculation of the returns earned by portfolios; measurement of the risks taken to earn these returns; measurement of the risk and return efficiency of the portfolio and other indicators of manager skill; and much more. By reviewing both the concepts of performance measurement and examples of how they are used, readers will gain the insight necessary to understand and evaluate the management of investment funds. Investment Performance Measurement makes extensive use of fully worked examples that supplement formulas and is a perfect companion to professional courses and seminars for analysts. Bruce J. Feibel, CFA, is Product Manager at Eagle Investment Systems, an investment management software provider located in Newton, Massachusetts. He is responsible for overseeing the development of Eagle's investment performance measurement, attribution, and AIMR/GIPS compliance software. Prior to joining Eagle, Mr. Feibel was a principal at State Street Global Advisors. He earned his BS in accounting from the University of Florida.

Debt-Proof Your Marriage: How to Achieve Financial Harmony


Mary Hunt - 2003
    The secret to finding financial harmony is for couples to create a sense of acceptance, freedom, safety, honesty and understanding toward money issues.

Raising Financially Fit Kids


Joline Godfrey - 2003
    At the heart of the book lies a defined set of values:Money is a tool for achieving and maintaining independence. Saving is good; accumulation for its own sake is not. Spending is best done wisely and within one’s means (though a bold purchase or investment may also be an act of wisdom). Greed is not good. Giving generously is part of one’s responsibility to the human family; shepherding wealth is an act of respect—to the past and the future. Money is an energy (not a commodity) that can be used for evil or for good.Designed for adults—parents, grandparents, mentors, advisors, and educators—concerned about raising children ages 5 to 18, RAISING FINANCIALLY FIT KIDS is centered around a developmental map covering ten specific money skills each child can master by the age of 18 to become a financially secure adult. This map gives parents a step-by-step approach to helping their kids become habitual savers, smart money mangers, and responsible decision makers. More than just a money book, RAISING FINANCIALLY FIT KIDS will help parents send their children into the world as balanced, financially stable individuals and contributing members of both their family and community.

Mathematical Techniques in Finance: Tools for Incomplete Markets


Ales Cerny - 2003
    This fully revised second edition continues to offer a carefully crafted blend of numerical applications and theoretical grounding in economics, finance, and mathematics, and provides plenty of opportunities for students to practice applied mathematics and cutting-edge finance. Ales Cern� mixes tools from calculus, linear algebra, probability theory, numerical mathematics, and programming to analyze in an accessible way some of the most intriguing problems in financial economics. The textbook is the perfect hands-on introduction to asset pricing, optimal portfolio selection, risk measurement, and investment evaluation.The new edition includes the most recent research in the area of incomplete markets and unhedgeable risks, adds a chapter on finite difference methods, and thoroughly updates all bibliographic references. Eighty figures, over seventy examples, twenty-five simple ready-to-run computer programs, and several spreadsheets enhance the learning experience. All computer codes have been rewritten using MATLAB and online supplementary materials have been completely updated. A standard textbook for graduate finance courses Introduction to asset pricing, portfolio selection, risk measurement, and investment evaluation Detailed examples and MATLAB codes integrated throughout the text Exercises and summaries of main points conclude each chapter

Financial Risk Management: A Practitioner's Guide to Managing Market and Credit Risk


Steve L. Allen - 2003
    Fully revised to reflect today's dynamic environment and the lessons to be learned from the 2008 global financial crisis, this reliable resource provides a comprehensive overview of the entire field of risk management.Allen explores real-world issues such as proper mark-to-market valuation of trading positions and determination of needed reserves against valuation uncertainty, the structuring of limits to control risk taking, and a review of mathematical models and how they can contribute to risk control. Along the way, he shares valuable lessons that will help to develop an intuitive feel for market risk measurement and reporting.Presents key insights on how risks can be isolated, quantified, and managed from a top risk management practitioner Offers up-to-date examples of managing market and credit risk Provides an overview and comparison of the various derivative instruments and their use in risk hedging Companion Website contains supplementary materials that allow you to continue to learn in a hands-on fashion long after closing the book Focusing on the management of those risks that can be successfully quantified, the Second Edition of Financial Risk Management + Websiteis the definitive source for managing market and credit risk.

Learning to Avoid Unintended Consequences


Leonard A. Renier - 2003
    Learning to avoid the unintended consequences of transferring your wealth to others unknowingly and unnecessarily, should be everyone's goal. This book will show you how to recognize and overcome these transfers. It will identify those who create the transfers and how they do it. They are destroying our personal wealth by creating situations, controlling the outcomes, and profiting from it. Truth and knowledge will reduce or eliminate these transfers.

Core Concepts of Organizational Behavior


John R. Schermerhorn Jr. - 2003
    The clean design provides readers with open page layouts and a professional appearance. Each chapter opens with a set of study questions tied directly to major text headings; end-of-chapter summaries use these questions again to remind readers of core points. Effective Manager boxes in each chapter offer action guidelines for using the insights in real work situations.The theme of this edition is The High Performance Organization. Ethics and social responsibility, workforce diversity, technology, entrepreneurship, and skill-building are some of the important topics emphasized. Schermerhorn's new edition is intended for the Organizational Behavior course taught at most 2-year and 4-year colleges.

Financial Statements F/Non-Financial People


Ron Price - 2003
    Financial Statements for Non-Financial People is an accessible guide to high finance for everyone.

Investment Philosophies: Successful Strategies and the Investors Who Made Them Work


Aswath Damodaran - 2003
    In his latest endeavor, investment expert and NYU Stern School of Business professor Aswath Damodaran goes beyond investment strategies and looks at the individual underlying philosophies that support these techniques. He explores all of the time-tested investment philosophies that have worked over the long run, and discusses the greatest investors who made these philosophies so famous. Investment Philosophies will expose readers to a wide range of investment philosophies so as to give them a sense of what drives investors in each philosophy, how they attempt to put these philosophies into practice, and what determines ultimate success. In doing this, Damodaran provides an unbiased forum for the presentation of different investment philosophies, while supplying the tools-the definition and measurement of risk, the notion of market efficiency and how to test for inefficiencies, and the components and determinants of trading costs-and the empirical evidence for readers to make their own judgments on the investment philosophy that fits their specific investment goals and views of how markets work. Filled with valuable insights and expert advice, this book reveals various investment philosophies to a general audience of investors, not purely to professional investors. Aswath Damodaran (New York, NY) is Professor of Finance at New York University's Leonard N. Stern School of Business. He is the author of Applied Corporate Finance (Wiley: 0-471-33042-6) and Investment Valuation (Wiley: 0-471-41488-3).

Measuring the Value of Partnering: How to Use Metrics to Plan, Develop, and Implement Successful Alliances


Larraine Segil - 2003
    Knowing which measurement to use, and at what stage of the alliance life cycle, is critical.Measuring the Value of Partnering gives readers a system for measuring a relationship's contribution at every stage of the alliance, from creation to implementation to termination. This essential book features case studies drawn from interviews with key players at companies like IBM, Hewlett-Packard, Starbucks, Staples, and Hyundai. Weaving these and other real-life examples together, Author Larraine Segil helps readers develop the appropriate metrics and then shows how and when to use them accurately and intelligently to achieve the greatest impact.Timely and practical, Measuring the Value of Partnering provides the tools for making any alliance is work to maximum organizational advantage."

Financial Peace for the Next Generation


Dave Ramsey - 2003
    

Personal Finance Handbook


Peter J. Sander - 2003
    Whether you're looking to manage your finances for the short or long term, The Personal Finance Handbook is the perfect guide to help you save, budget, and invest your money.Covering everything from weekly budgeting to 401(k) planning, The Personal Finance Handbook provides practical information for achieving the best financial results possible. Packed with helpful suggestions and professional advice, The Personal Finance Handbook helps you maximize your income during prosperous times and safeguard your assets so that you can be prepared for the worst.

Levy Processes in Finance


Wim Schoutens - 2003
    In parallel, the theory of L?vy processes has also seen many exciting developments. These powerful modelling tools allow the user to model more complex phenomena, and are commonly applied to problems in finance. L?vy Processes in Finance: Pricing Financial Derivatives takes a practical approach to describing the theory of L?vy-based models, and features many examples of how they may be used to solve problems in finance.* Provides an introduction to the use of L?vy processes in finance.* Features many examples using real market data, with emphasis on the pricing of financial derivatives.* Covers a number of key topics, including option pricing, Monte Carlo simulations, stochastic volatility, exotic options and interest rate modelling.* Includes many figures to illustrate the theory and examples discussed.* Avoids unnecessary mathematical formalities. The book is primarily aimed at researchers and postgraduate students of mathematical finance, economics and finance. The range of examples ensures the book will make a valuable reference source for practitioners from the finance industry including risk managers and financial product developers.

Essential Finance


Nigel Gibson - 2003
    Developed from the long-running, successful pocket series, this new Economist essential A-Z series is launched in Spring 2003 in a strikingly attractive paper back format, with flaps and distinctive red end papers. ollowing an introduction on the dramatic changes that have taken place in the financial world and the immense influence the financial markets have over our lives, the bulk of the book contains an extensive A-Z containing several hundred entries that explain with clarity and a healthy dose of irreverence the most important and interesting - things you need to know about the world of finance - as well as some of its more odd and inconsequential aspects. Entries include: cceptance, Advance ratio, Allfinanz, Beta, Balloon, Blend fund, Bunny bond, Capital adequacy, Clean price, Compensating balance, Debt service ratio, Disintermediation, EBITDA, Efficient market theory, Fannie Mae, Flight capital, Gearing, Grey market, Hedge Fund, Hurdle rate, In the money Junk Kaffir, Kerb trading, Leverage, LIBOR, Liquidity, Margin call, Mezzanine finance, Narrow market, Net present value, Off balance sheet, Old lady, Open end fund, Over the counter, Parity paid, Ponzi scheme, Programme trading, Random walk, Redemption yield, Samurai bond, SEAQ, Shadow accounting, Special purpose vehicle, Tender offer, Tombstone, Triple witching hour, Underweight, Use of funds, Value investing, Volatility, Warehousing, Working capital, Yield to maturity, Zero-coupon bond. Also included as appendices are: * A raft of facts and figures about the financial markets.

Income, Wealth, and the Maximum Principle


Martin L. Weitzman - 2003
    It presents a new elementary yet rigorous proof of the maximum principle and a new way of applying the principle that will enable students to solve any one-dimensional problem routinely. Its unified framework illuminates many famous economic examples and models.This work also emphasizes the connection between optimal control theory and the classical themes of capital theory. It offers a fresh approach to fundamental questions such as: What is income? How should it be measured? What is its relation to wealth?The book will be valuable to students who want to formulate and solve dynamic allocation problems. It will also be of interest to any economist who wants to understand results of the latest research on the relationship between comprehensive income accounting and wealth or welfare.

Handbook of the Economics of Finance: Corporate Financevolume 1a


George M. Constantinides - 2003
    Though managers play no independent role in the work of Miller and Modigliani, major contributions in finance since then have shown that managers maximize their own objectives. To understand the firm's decisions, it is therefore necessary to understand the forces that lead managers to maximize the wealth of shareholders.

Credit Portfolio Management


Charles W. Smithson - 2003
    A number of market factors are causing revolutionary changes in the way it is measured and managed at financial institutions. Charles Smithson, author of the bestselling Managing Financial Risk, introduces a portfolio management approach to credit in his latest book. Understanding how to manage the inherent risks of this market has become increasingly important over the years. Credit Portfolio Management provides readers with a complete understanding of the alternative approaches to credit risk measurement and portfolio management. This definitive guide discusses the pricing and managing of credit risks associated with a variety of off-balance-sheet products such as credit default swaps, total return swaps, first-to-default baskets, and credit spread options; as well as on-balance-sheet customized structured products such as credit-linked notes, repackage notes, and synthetic collateralized debt obligations (CDOs). Filled with expert insight and advice, this book is a must-read for all credit professionals. Charles W. Smithson, PhD (New York, NY), is the Managing Partner of Rutter Associates and Executive Director of the International Association of Credit Portfolio Managers (IACPM). He is the author of five books, including The Handbook of Financial Engineering and Managing Financial Risk (now in its Third Edition).

Essential Investment


Philip Ryland - 2003
    Replacing the long-running pocket series, this new Economist essential A-Z series is launched in Spring 2003 in a strikingly attractive paper back format, with flaps and distinctive red end papers. Following an introduction on the roller coaster ride the stock market has taken over the past decade and the implications it has for businesses, private investors and people's pensions, the bulk of the book is a much expanded A-Z with several hundred entries that explain with the essentials of the investment world - as well as some of its more arcane aspects. Entries include: Advance-decline line, Arbitrage, , Bear squeeze, Black-Scholes option pricing model, Bottom fishing, Capital asset pricing model, Chartist, Covariance, Dead cat bounce, Dow theory, Efficient frontier, Equity risk premium, Fibonacci numbers, Floating rate note, Futures, Gann theory, Golden cross, Grey market, Hedge ratio, Indifference curve, Internal rate of return, Japanese candlesticks, Kondratief cycle, LIFFE, Mark to market, Noise trader, Odd-lot theory, On-the-run bond, Portfolio theory, Price-to-book ratio, Qualitative analysis, Random walk, Rule of twenty, Security analysis, Straddle, Tobin's Q, Trading collar, Unsystematic risk, Vanilla, Volatility, Warrant, Yield gap, Zero coupon bond Also included as appendices are: * A raft of facts and figures about stockmarket performance over the years * Investment formulas.