You owe it to yourself and those you love to find what thousands already have: Financial Peace!

    The book covers the broader financial environment of the reorganization and the basic process of investment analysis and investment strategies. The author uses numerous real-world examples and case studies to emphasize important concepts and critical issues. The developments that have created these extraordinary investment opportunities have also created tremendous demand for professionals with experience and knowledge in the restructuring process. Distressed Debt Analysis: Strategies for Speculative Investors addresses the complete knowledge needs of investors and professionals in the burgeoning world of financially distressed companies. It is perfect for financial analysts, portfolio managers, bankruptcy departments of law firms, restructuring advisory groups, turnaround consulting firms, and reorganization and distressed securities departments of investment banks.

    Bernstein, well known for his insights on how individual investors can manage their personal wealth and retirement funds wisely Examines how the financial landscape has radically altered in the past two years, and what investors should do about it Contains practical insights that the everyday investor can understand Focuses on the concept of Pascal's Wager-identifying and avoiding worst-case scenarios, and planning investment decisions on that basis With The Investor's Manifesto as your guide, you'll quickly discover the timeless investment approaches that can put you in a better position to prosper over time.

    Words are the most powerful things in the universe today. They can defeat you or they can bring you life. They can make the difference in your finances and your well-being. God created the universe by speaking it into existence and He has given you that same ability. Learn to turn your financial situation around by following the powerful principles of faith contained in this book. Don’t live another day in lack – start releasing the ability of God through faith-filled words!

    This title enables readers to learn how the cash flow generated from property investment appreciates in value and ensures financial freedom, as well as the freedom to be your own boss.

    The content of this book has been used successfully with students whose mathematics background consists of calculus and calculus-based probability. The text gives both precise statements of results, plausibility arguments, and even some proofs, but more importantly intuitive explanations developed and refine through classroom experience with this material are provided. The book includes a self-contained treatment of the probability theory needed for shastic calculus, including Brownian motion and its properties. Advanced topics include foreign exchange models, forward measures, and jump-diffusion processes.This book is being published in two volumes. This second volume develops shastic calculus, martingales, risk-neutral pricing, exotic options and term structure models, all in continuous time.Masters level students and researchers in mathematical finance and financial engineering will find this book useful.Steven E. Shreve is Co-Founder of the Carnegie Mellon MS Program in Computational Finance and winner of the Carnegie Mellon Doherty Prize for sustained contributions to education.

    The book, comprised of selected reports from Marathon Asset Management, a successful global investment firm, explains how shareholder value - the notion that companies should be run in the interests of their shareholders - became corrupted in this era of frenzied finance. Senior managers, succumbing to the lure of stock option fortunes, took to manipulating their company's earnings. Professional investors, interested only in maintaining their investment performance over the next quarter, were willing abettors. The 'croupiers' of Wall Street, also know as investment bankers, whipped up the euphoria and peddled to investors superficially plausible stories, 'MacGuffins', in order to generate huge fees for themselves. As a result, by the turn of the century almost the entire investment community had become fixated with chasing short-term profits at the expense of long-term returns for clients. By the end of 2002 this cynical game had ended in investment disaster- the world's stock markets having produced more than $15 trillion of losses since their peak. Yet to a large extent, the outcome was predictable to those investors who had retained a disciplined approach to investment analysis throughout the bull market. This book introduces the 'capital cycle' approach to investment - an approach that brings together ideas from the fields of behavioral finance, economic theory and business analysis. Capital cycle analysis - based on the apparently simple insight that investor euphoria leads to excessive investment in the real world and subsequent poor returns for shareholders - enabled Marathon to identify at an early stage the inevitable collapse of the technology and telecoms bubble.

    People need to be aware that they have to prepare for their personal and their family’s financial future. Achieving financial well-being is not an option. It is an obligation. I hope that in some way, this book will help to fulfill that obligation.”—Francisco Colayco, in the foreword

    That is what we are called to do in Scripture, but where will our money and possessions finish? The Bible has the principles that provide answers to the challenge of parenting and passing along an in heritage. Within the next decade, over ONE TRILLION DOLLARS will change hands from one generation to the next. Individuals with adult children will need to transfer that wealth without ruining their heirs' lives.Ron Blue, an authority on personal and business finance, will help:~Identify exactly how much money would be transferred were the reader to die today~Identify the need for creating a will~Identify tax-wise financial planning~Teach the way to leave money without creating an unhealthy dependence

    Developed for the professional Master's program in Computational Finance at Carnegie Mellon, the leading financial engineering program in the U.S.Has been tested in the classroom and revised over a period of several yearsExercises conclude every chapter; some of these extend the theory while others are drawn from practical problems in quantitative finance

    Learn how to: Become good stewards of God's resources, Develop financial stability, Overcome the fear of financial lack and poverty, Accelerate debt reduction, Learn to manage your current income, Position yourself to act on financial opportunities, and Leave a legacy for your loved ones.

    He dissects the global relationships between equities, bonds, currencies, and commodities like no one else can, and lays out an irrefutable case for intermarket analysis in plain English. This book is a must-read for all serious traders." -Louis B. Mendelsohn, creator of VantagePoint Intermarket Analysis software "John Murphy's Intermarket Analysis should be on the desk of every trader and investor if they want to be positioned in the right markets at the right time." -Thom Hartle, President, Market Analytics, Inc. (www.thomhartle.com) "This book is full of valuable information. As a daily practitioner of intermarket analysis, I thought I knew most aspects of this invaluable subject, but this book gave me several new ideas. I thoroughly recommend it for beginners and professionals." -Martin Pring, President of Pring.com and editor of the Intermarket Review Newsletter "Mr. Murphy's Intermarket Analysis is truly the most efficient and unambiguous way to define economic and fundamental relationships as they unfold in the market. It cuts through all of the conflicting economic news/views expressed each day to provide a clear picture of the 'here and now' in the global marketplace." -Dennis Hynes, Managing Director, R. W. Pressprich "Master Murphy is back with the quintessential look at intermarket analysis. The complex relationships among financial instruments have never been more important, and this book brings it all into focus. This is an essential read for all investors." -Andrew Bekoff, Technical Strategist, VDM NYSE Specialists "John Murphy is a legend in technical analysis, and a master at explaining precisely how the major markets impact each other. This updated version provides even more lessons from the past, plus fresh insights on current market trends." -Price Headley, BigTrends.com, author of Big Trends in Trading

    They set the ball rolling and wealth simply accumulates. They let their money work for them. For the author, the combination of a book, a game, a woman and an opportunity helped him get out of the rat race onto the fast track. Discover why most Pinoys are poor and the secrets of the rich Tsinoys.

    A spectacular move of over 7000% in 52 weeks was offered to the public and still the vast majority of the public either lost money or did not make any significant gains on the stock. Only a handful of the insiders made money on the move. Written as a fiction surrounding such a stock, the book offers simple lessons to the lay person about how to improve one's odds for success in the stock market, and it does so with an entertaining and enlightening storyline. The story offers an insight into the rewarding way Wall Street works for the insiders and how it shows a different face to the outsiders.

    This is the road on which successful money managers will have to travel in the future." Timothy Vick, Author of How to Pick Stocks like Warren Buffett and Wall Street on Sale

    It is set to become an indispensable resource for everyone involved or interested in modern economicpolicy. Academic scholars willing to engage in policy discussions and students at graduate or advanced undergraduate levels will find it an essential bridge to the policy world.What makes the book unique is that it combines like no other, facts-based analysis, state-of-the art theories and models, and insights from first-hand policy experience at national and international levels. The book has grown out of ten years of experience teaching economic policy at the graduatelevel. It provides an intellectually coherent framework to understand the potentialities and limits of economic policy. It addresses positive dimensions (how do policies impact on modern economies?), normative dimensions (what should policymakers aim to achieve and against what should their actionbe judged?) and political-economy constraints (which are the limits and obstacles to public intervention?). It fills an important gap by reconciling in each major policy area stylized facts of recent economic history, key questions faced by contemporary policymakers, and essential lessons fromtheory which are captured and explained in a clear, concise, and self-contained way.All major areas of domestic and international policymaking are covered: fiscal policy, monetary policy, international finance and exchange-rate policy, tax policy, and long-term growth policies. The book concludes with a special chapter on the lessons of the financial crisis.The authors are intellectually non-partisan and they draw examples from various countries and experiences; from emerging markets to developing economies, shedding light when necessary on local specificities such as European Union rules and instruments. Economic Policy: Theory and Practice is theessential guide to economic policy in the new post-crisis context.

    Lessons from the Greatest Stock Traders of All Time makes the choice simple, examining the careers of five traders--Jesse Livermore, Bernard Baruch, Gerald Loeb, Nicolas Darvas, and Bill O'Neil--who, more than any others over the past century, demonstrated tremendous success at conquering Wall Street.This technique-filled book presents numerous ways in which the timeless strategies of these investing icons can be used to tame today's high-speed, unforgiving marketplaces. Comparing and contrasting the successes--and occasional failures--of these five giants of finance, it reveals:What Jesse Livermore did to correctly call every market break between 1917 and 1940How Bill O'Neil stuck to basics to create his famously effective CANSLIM systemThe strategies Nicolas Darvas used to become a self-made millionaire several times over

    Useful review questions as well as problems and answers are provided for both professionals and students. Readers will further their knowledge, build practical intuition, and learn the art and science of M&A by using this comprehensive self-study workbook in conjunction with the main text.

    It focuses not only on how to crunch the numbers but addresses what they mean. The book is written in a clear and concise manner that facilitates comprehension. It covers the key issues a novice entering the real estate business should understand while conveying the passion required for success in the business.

    The Property Investor's School on 10 CD's provides a dynamic audio record of Dolf's mentoring sessions previously available only in-person. Real Estate Riches on 3 CD's abridges the New York Times and Wall Street Journal bestseller to create a portable audio compendium of how-to tips for creating property income. Finally, sit in on Discussions with Dolf, a DVD bonus comprising of an international question-and-answer session featuring specific real estate queries from program participants. Covering everything from lenders to leases; trades people to tenants; Dolf de Roos' Real Estate Investor's College is your graduate course in financial security

    In "Martin Pring" on "Price Patterns," today's unquestioned technical trading master covers all key aspects of technical analysis as they apply to price patterns, in text and examples that are clear, convincing, and easy to understand.Pring then goes on to provide a complete, in-depth examination of today's most widely used price patterns, explaining which work better than others and why. Traders will value this book, as they do all of Pring's books, for its: Insights into widely used one- and two-bar patterns Examination of outside bars, reversals, pennants, and more Bonus DVD featuring recordings of Pring's most popular seminars

    10 powerful lessons for every investorOvercoming the enduring myths about marketsHigh dividend stocks: better and safer than bonds--or not?Cheap stocks: cheap for a reason?Should you invest in quality? Momentum? The next big thing? Or what? You've heard 'em. (Maybe even from your broker!) They're the "can't lose" investment stories that promise you a no-risk path to profits ... "Buy companies trading below book value.""Follow the momentum.""Buy stocks with low P/Es.""Stick with quality.""Buy after bad news.""Buy after good news.""Follow the insiders.""Do whatever Warren Buffett's doing." And on, and on, and on ... They sound good. But do they really work? You're about to find out. In Investment Fables, one of the world's leading investment researchers runs the numbers on 13 of today's most widely touted strategies, objectively answering the questions your broker can't answer. Has it worked over the long term? Over the short term? If it made sense once, does it still make sense? Are the promised benefits a statistical mirage? Could it work, as one part of your investment strategy? What are the downsides-and how can you mitigate them?If you want to make smarter investment decisions, you'll find this book utterly indispensable.

    But finding a precise mathematical model to replace subjective decision-making processes is a challenge. Traditionally, risk management has focused solely on loss avoidance, but in Trading Risk, hedge fund risk manager Kenneth Grant presents some-thing completely new--how to manage a portfolio to minimize risk and increase profits by putting more capital at risk. Trading Risk details a risk management program that can help both money managers and individual traders evaluate which elements in a portfolio are working efficiently and which aren't. By illustrating an extremely simple set of statistical and arithmetic tools this book can help readers enhance their performance in many financial markets.Kenneth L.Grant is Cheyne's Global Risk Manager, and is the Managing Member for Cheyne Capital, LLC, the firm's U.S. arm. Mr. Grant is a pioneer in the field of hedge fund risk management and capital allocation. Before joining Cheyne, he created risk control programs at two of the world's leading hedge funds, Tudor Investments and SAC Capital, where he was eventually promoted to the title of Chief Investment Strategist. Mr. Grant holds a Bachelor of Science in Economics and Mathematics from the University of Wisconsin, an MA in Economics from Columbia University, and an MBA from the University of Chicago Graduate School of Business.

    It provides a practical, thorough, and completely objective method to analyze and select an investment manager. It takes the mystery (and the consultants) out of the equation. Without question, this book belongs on every Plan Sponsor's desk. --Dave Davenport, Assistant Treasurer, Lord Corporation, author of The Equity Manager SearchAn insightful compendium of the issues that challenge those responsible for hiring and firing investment managers. Frank Travers does a good job of taking complicated analytical tools and methodologies and explaining them in a simple, yet practical manner. Anyone responsible for conducting investment manager due diligence should have a copy on their bookshelf. --Leon G. Cooperman, Chairman and CEO, Omega Advisors, Inc. Investment Manager Analysis provides a good overview of the important areas that purchasers of institutional investment management services need to consider. It is a good instructional guide, from which search policies and procedures can be developed, as well as a handy reference guide. --David Spaulding, President, The Spaulding Group, Inc.This book is the definitive work on the investment manager selection process. It is comprehensive in scope and well organized for both the layman and the professional. It should be required reading for any organization or individual seeking talent to manage their assets. --Scott Johnston, Chairman and Chief Investment Officer, Sterling Johnston Capital Management, LP Investment Manager Analysis is a much-needed, comprehensive review of the manager selection process. While the industry is riddled with information about selecting individual stocks, comparatively little has been written on the important subject of manager selection for fund sponsors. This is a particularly useful guide for the less experienced practitioner and offers considerable value to the veteran decisionmaker as well. --Dennis J. Trittin, CFA, Portfolio Manager, Russell Investment Group

    Despite the material failure rates of mergers and acquisitions, those pulling the trigger on key strategic decisions can make them work if they spend great care and rigor in the development of their M&A deals. By addressing the key factors of M&A success and failure, Applied Mergers and Acquisitions can help readers do this. Written by one of the foremost thinkers and educators in the field, this invaluable resource teaches readers the art and science of M&A valuation, deal negotiation, and bargaining, and provides a framework for considering tradeoffs in an effort to optimize the value of any M&A deal.

    The strategy of buy-and-hold has been replaced by buy-and-hope. Trying to grow your assets means worrying about how the next geopolitical crisis or government announcement will affect your portfolio. In an age of stunted economics and uncertain interest rates, attempting to guess market direction can seem futile.The good news is, you don't have to anymore. There is a better way to invest. It's time to borrow a page from the pros and radically change your entire philosophy to building a solid, high-yielding portfolio.The Complete Guide to Option Selling takes you through the process step by step. Updated to help you draw steady, high pro ts in an age of skittish markets, this classic text covers the ins and outs of:The Fundamentals of Option Selling Why writing options works so well, what kind of investor writes options, and how futures options could be the missing piece to your puzzleOption-Selling Strategy and Risk Management Choosing the right options to sell, the most powerful spread strategies, the mechanics of selling, and protecting yourself from downside risk like a proMarket Analysis and Writing Options How to find the best markets to take premium, the secret of seasonal trends, and tips on building your premium ladder You don't need a fancy Greek calculator to succeed in writing options. All you need is a little knowledge, a lot of common sense, and The Complete Guide to Option Selling.PRAISE FOR THE COMPLETE GUIDE TO OPTION SELLING: "A must-read. Cordier and Gross have covered all the bases in this book about the (arguably) best option strategy--writing options." -- LAWRENCE MCMILLAN, bestselling author of Options as a Strategic Investment and editor of The Option Strategist Newsletter and Daily Volume Alerts"The Complete Guide to Option Selling offers investors a truly unique, practical, and valuable perspective into another dimension of option strategy. A very cool book and interesting angle!" -- JARED A. LEVY, risk manager and author of Your Options Handbook and The Bloomberg Visual Guide to Options"James and Michael not only have an excellent ability to analyze market fundamentals, but more importantly, to design the appropriate option strategy to take advantage of their market outlook." -- DANIEL P. COLLINS, editor-in-Chief, Futures Magazine"The Complete Guide to Option Selling is an excellent reminder that selling options is less stressful and more forgiving than traditional direction trading strategies. This book has what it takes and is valuable to both novice and experienced traders." -- JACK WALKER, author of Volatility Trading Digest"Cordier and Gross comprehensively and convincingly demonstrate how options selling strategies can function not only as a facile income-producing technique but also as a performance-based investment strategy all on their own." -- GIL MORALES, Managing director of MoKa investors, LLC, and coauthor of the bestselling books Trade Like an O'Neil Disciple, How to Make Money Selling Stocks Short, and In the Cockpit with the O'Neil Disciples

    In easy-tounderstand language, Teh Hooi Ling brings to both layman and seasoned investor important economic concepts and the investment strategies of the world’s leading financial experts.Using real data, Teh shows you how these strategies would have worked in the Singapore market over the years and signposts the lessons to learn and pitfalls to avoid. Given the cyclical nature of the market, the insights she shares are perennial gems. More than that, $how Me The Money teaches you how to invest in stocks that are most likely to grow in value, how to balance your portfolio so that you have little to fear whatever happens in the market, and how to be ready for the next bull market.

    You�ll be coached by David as though he�s in your home, car, or office as he reveals even more strategies, secrets, and tactics that are guaranteed to help you turn an ordinary income into a lifetime of financial freedom…easily and automatically. The complete Automatic Millionaire Audio System is filled with critical tools and additional information you won�t find anywhere else, including: *8 extraordinary audio sessions *Exclusive Bonus Session: How to Put Your Financial House in Order *Accompanying Workbook on CD-ROM *Also get a FREE Latte Factor Travel Mug! Best of all, with the Automatic Millionaire Audio System, you�ll have David Bach as your personal, one-on-one financial coach. He�ll be available to you whenever you need him, so you�ll never forget your focus or lose momentum. You can check in anytime you want a strategy review, a shot of willpower, or a fresh does of inspiration. And you can listen anywhere � while you�re commuting, traveling or even exercising!

    Over 850 practical, easy-to-use historical probabilities on the most commonly traded market scenarios! For years, traders and investors have been using unproven assumptions about popular patterns such as breakouts, momentum, new highs, new lows, market breadth, put/call ratios and more without knowing if there is a statistical edge. Have you ever wondered the following... Do these patterns actually make you money? Read on and you'll be surprised by what 15 years of new, previously unpublished research reveals. Is there a radically different, better way to trade these patterns and indicators that somehow has escaped the awareness of traders and investors? You'll find the answers below... The answers to both of these questions and much more is contained in Larry Connors' new book, How Markets Really Work. Through new research, much of which has never before been published, you will be able to clearly see which of nearly 850 meticulously researched patterns and indicators have an edge -- and which do not. Best of all, you will be able to apply this information whenever you trade. Here's how you can use How Markets Really Work in your trading every day. Learn how to focus on trades that have the best edge and stop trading setups that have zero edge. Every time you trade, just look up the current market action in the book so that you can potentially maximize your winning trades while weeding out the losing ones. Gain an edge that many traders and professional traders do not have. Most traders will continue to operate according to incorrect conventional wisdom because much of it "seems to make sense." But by using How Markets Really Work as your daily reference guide, you will be able to take advantage of market behaviors that consistently repeated themselves over and over again in the past. Use it to better time your entries and exits into stocks and ETFs. Many times the trading system or methodology you are using will tell you to enter or exit a trade into price action that matches one of the patterns listed in How Markets Really Work. When this occurs, it's a great opportunity for you to fine tune your actions so that statistical probabilities are working in your favor and not against you. The knowledge contained in How Markets Really Work can be used in developing your very own systems and strategies. Whether you are a system developer or you just want to improve your existing trading strategy, you can use the core knowledge in this book to stimulate your own research and create new systems. Impact your trading with never-before-seen research on put/call ratios, price movement, breadth indicators, large one-day moves, volume and much, much more. Whether you use these indicators or not, you will finally be able to make informed decisions about their true value to your trading. Each Chapter Of How Markets Really Work Is Backed By Up To 15 Years Of Historical Results!

    In stark contrast, this text introduces a new empirically-based model of financial market dynamics that explains the volatility of prices options correctly and clarifies the instability of financial markets. The emphasis is on understanding how real markets behave, not how they hypothetically 'should' behave.

    Performance measurement is the quality control of the investment decision process, enabling money managers to calculate return, understand the behaviour of a portfolio of assets, communicate with clients and determine how performance can be improved.Focusing on the practical use and calculation of performance returns rather than the academic background, Practical Portfolio Performance Measurement and Attribution provides a clear guide to the role and implications of these methods in today's financial environment, enabling readers to apply their knowledge with immediate effect.Fully updated from the first edition, this book covers key new developments such as fixed income attribution, attribution of derivative instruments and alternative investment strategies, leverage and short positions, risk-adjusted performance measures for hedge funds plus updates on presentation standards. Complete with a CD containing worked examples for the majority of exhibits, the book covers the mathematical aspects of the topic in an accessible and practical way, making this book an essential reference for anyone involved in asset management.

    This manual is available bundled with the text for students to purchase by permission of the instructor by ordering ISBN 0072976322.

    True prosperity means:*Maximizing all the resources God gives you to fulfill his purpose for your life.*Steering clear of greed, envy, unforgiveness and idolatry.*Finding contentment in God's abundant provision.Speaking from his own experience supported by biblical principles, James Robison shows you how to experience a new kind of peace and freedom as you allow God's abundant life to flow through you to others.

    Years, which sold over 80,000 copies, arrives in a dramatically different marketplace. Interest rates are up, auction clearance rates are down, and the papers are full of headlines about the likelihood of uncertain times ahead for all property investors who now need to acquire new skills in order to profit from the upcoming opportunities. $1,000,000 in Property in One Year ?pgrades?the original book for the latest market conditions, and it stands alone as a resource that will allow investors to climb to new investing heights. The title for this book is derived from the Millionaire Apprentice Program (?.A.P.? ?a private mentoring project author Steve McKnight ran for a small group of investors, which began in August 2003 and finished a year later. Coming from a diverse background with varying degrees of experience, the M.A.P participants (?APPERS? were put through an intensive training regimen with the goal of acquiring a million dollar property portfolio in 12 months. Without wanting to spoil the ending, a significant number of MAPPERS managed to achieve the stated goal despite the deteriorating investing climate, proving that the right person with the right training and investing system can achieve massive results in a short amount of time even when the odds are stacked against them. Steve? goal in writing this book is to leave the reader with three things: a comprehensive understanding of how to make positive cash flow profits; the practical context in which to apply the theory so you can find and profit from deals in any market anywhere in the world; and the motivation to attempt something new.

    This revised and updated edition takes into account the reasons behind the downfall of HIH Insurance, a leading Australian insurance company; the latest trends in retailers' vital statistics; and the problems with accounting for abnormal items. Starting with the annual report and the balance sheet and continuing through assets and liabilities, the profit and loss account, and tax and cash flow, this is a complete how-to to understanding business facts and figures.

    

    Textbook introducing asset-based finance.

    C/C++. Excel Add-in Development in C/C++ - Applications for Finance is a how-to guide and reference book for the creation of high performance add-ins for Excel in C and C++ for users in the finance industry. Author Steve Dalton explains how to apply Excel add-ins to financial applications with many examples given throughout the book. It covers the relative strengths and weaknesses of developing add-ins for Excel in VB versus C/C++. "This book is for anyone who wants to do any application development in Excel. Even for an old hand at Excel development such as myself, a brief skim through reveals valuable nuggets of information. Delving deeper into the text, richer veins are easily found. This book is destined to become an essential reference on Excel development." Dr. Les Clewlow, Principal, Lacima Group Ltd."Programming Excel add-ins using the C API can be complex and difficult. Steve has done a masterful job of demystifying the process. After reading this book you'll be creating XLLs for all purposes with complete confidence. Highly recommended." Rob Bovey, MCSE, MCSD, Excel MVP, President, Application Professionals

    Written by well-known M&A expert James E. Morris, this versatile accounting desk reference bridges the gap between what is taught in business school and what is needed in the real world.

    . . is the instrument which people in all societies and stages of development instinctively use to escape from want and enrich one another by exchange.” -Arthur Seldon, from The Virtues of Capitalism The Virtues of Capitalism, the first volume in Liberty Fund’s The Collected Works of Arthur Seldon, lays the foundation of his views and theories of capitalism and its alternatives. The first part, Corrigible Capitalism; Incorrigible Socialism, was first published in 1980. It explains why, Seldon believes, “private enterprise is imperfect but redeemable,” but the “state economy promises the earth, and ends in coercion to conceal its incurable failure.” The second part, Capitalism, is widely considered to be Seldon’s finest work. Originally published in 1990 by Basil Blackwell of Oxford, it is the winner of the 1991 Antony Fisher Award from the Atlas Economic Research Foundation. This book covers a wide range of the classical liberal thought that inspired the movement toward free-market reforms in Great Britain and intellectually opposed the collectivist tide of socialism. In an understandable and eloquent manner, Seldon offers Capitalism as a celebration rather than a defense of classical liberalism. Through his analytical commentaries, Seldon chronicles the economic and social history of the western world throughout the 20th century, noting the intoxicating yet detrimental effects of collectivism. Along the way, he builds a powerfully compelling case why government should economically confine itself to the delivery of essential public goods. Throughout the book, he proposes free-market alternatives to socialist models of government, many of which still plague the economies of the world. The entire series includes: Volume 1: The Virtues of Capitalism (September 2004) Volume 2: The State Is Rolling Back (November 2004) Volume 3: Everyman's Dictionary of Economics (January 2005) Volume 4: Introducing Market Forces into "Public" Services (February 2005) Volume 5: Government Failure and Over-Government (May 2005) Volume 6: The Welfare State: Pensions, Health, and Education (October 2005) Volume 7: The IEA, the LSE, and the Influence of Ideas (December 2005)

    With both practical and theoretical applications, this is a thorough update of the highly successful Volatility & Correlation - with over 80% new or fully reworked material and is a must have both for practitioners and for students. The new and updated material includes a critical examination of the 'perfect-replication' approach to derivatives pricing, with special attention given to exotic options; a thorough analysis of the role of quadratic variation in derivatives pricing and hedging; a discussion of the informational efficiency of markets in commonly-used calibration and hedging practices. Treatment of new models including Variance Gamma, displaced diffusion, stochastic volatility for interest-rate smiles and equity/FX options.The book is split into four parts. Part I deals with a Black world without smiles, sets out the author's 'philosophical' approach and covers deterministic volatility. Part II looks at smiles in equity and FX worlds. It begins with a review of relevant empirical information about smiles, and provides coverage of local-stochastic-volatility, general-stochastic-volatility, jump-diffusion and Variance-Gamma processes. Part II concludes with an important chapter that discusses if and to what extent one can dispense with an explicit specification of a model, and can directly prescribe the dynamics of the smile surface.Part III focusses on interest rates when the volatility is deterministic. Part IV extends this setting in order to account for smiles in a financially motivated and computationally tractable manner. In this final part the author deals with CEV processes, with diffusive stochastic volatility and with Markov-chain processes.Praise for the First Edition: "In this book, Dr Rebonato brings his penetrating eye to bear on option pricing and hedging.... The book is a must-read for those who already know the basics of options and are looking for an edge in applying the more sophisticated approaches that have recently been developed." --Professor Ian Cooper, London Business School"Volatility and correlation are at the very core of all option pricing and hedging. In this book, Riccardo Rebonato presents the subject in his characteristically elegant and simple fashion...A rare combination of intellectual insight and practical common sense." --Anthony Neuberger, London Business School

    The book provides a rigorous overview of the subject, while its flexible presentation makes it suitable for use with different levels of undergraduate and graduate students. Each chapter presents mathematical models of financial problems at three different degrees of sophistication: single-period, multi-period, and continuous-time. The single-period and multi-period models require only basic calculus and an introductory probability/statistics course, while an advanced undergraduate course in probability is helpful in understanding the continuous-time models. In this way, the material is given complete coverage at different levels; the less advanced student can stop before the more sophisticated mathematics and still be able to grasp the general principles of financial economics.The book is divided into three parts. The first part provides an introduction to basic securities and financial market organization, the concept of interest rates, the main mathematical models, and quantitative ways to measure risks and rewards. The second part treats option pricing and hedging; here and throughout the book, the authors emphasize the Martingale or probabilistic approach. Finally, the third part examines equilibrium models--a subject often neglected by other texts in financial mathematics, but included here because of the qualitative insight it offers into the behavior of market participants and pricing.

    But when you're in the trenches--serving clients and running a business--the voices at the front can have trouble getting through, and you may sometimes wonder if your methods are as current as your clients deserve. Strategies continue to be explored, and tactics can change almost as quickly as the markets. What's the story behind Peter Bernstein's challenge to a fixed-asset-allocation mix? Did the financial-planning community take a wrong ideological turn in espousing it? What can behavioral finance tell you about serving your clients? What choices can you make to ensure tax efficiency in your clients' portfolios? Downside risk measures have come a long way since Markowitz brought them so much attention. But when's the last time you checked into your reward-to-semivariability ratios? How current is your understanding of the core-and-satellite approach to portfolio design? And how much do you know about putting one in place for your client?To get some answers to these and other questions, financial advisers Harold Evensky and Deena B. Katz invited some of the best minds in investment management to share their best thinking. The result is a gathering of eagles that will challenge your beliefs, reinforce your convictions, pique your curiosity, and maybe even improve some of those tried-and-true practices you put in place too long ago.So sit in on this remarkable think tank. Treat yourself to a compelling array of ideas--from the doggedly practical to the delightfully abstract--that will inform and stimulate your own thinking and reawaken the reasons you came to investment management in the first place.

    Designed as a companion to Richard Roberts's earlier Economist guide to Wall Street, The City provides comprehensive, relevant and up-to-date coverage of what goes on in the City and its role as a global financial centre and as the leading financial centre in Europe. Individual chapters focus on the City's various wholesale international financial markets and institutions - from the money markets to the securities industry, commodities to shipping, the Bank of England to the Financial Services Authority. Other chapters review its historical development and the scandals that have dogged its reputation. Finally, the book looks at the outlook for the City and the challenges it faces - the current downturn, the impact of developments in communications technology, the threat from Wall Street, and what difference the euro is making and will make. In addition, there are appendices giving details of City institutions and organisations, profiles of the principal City players, and key City events from the late 17th century.

    It begins with an overview over the field of Computational Statistics. The second part presents several topics in the supporting field of statistical computing. Emphasis is placed on the need of fast and accurate numerical algorithms and it discusses some of the basic methodologies for transformation, data base handling and graphics treatment. The third part focuses on statistical methodology. Special attention is given to smoothing, iterative procedures, simulation and visualization of multivariate data. Finally a set of selected applications like Bioinformatics, Medical Imaging, Finance and Network Intrusion Detection highlight the usefulness of computational statistics.

    By the late twentieth century, Arthur Seldon was one of the most powerful exponents of classical liberalism, helping to stimulate its revival, through both his own writings and the publications of the London-based Institute of Economic Affairs, of which he was Editorial Director for more than 30 years.First published in 1994, this book collects virtually all of Seldon’s major ideas and his proposals for reform. In its totality, The State Is Rolling Back demonstrates Seldon’s long-standing advocacy and commitment to free-market reforms and includes his earliest, barbed criticisms of the “welfare state.”The entire series includes:Volume 1: The Virtues of Capitalism (September 2004) Volume 2: The State Is Rolling Back (November 2004) Volume 3: Everyman's Dictionary of Economics (January 2005) Volume 4: Introducing Market Forces into "Public" Services (February 2005) Volume 5: Government Failure and Over-Government (May 2005) Volume 6: The Welfare State: Pensions, Health, and Education (October 2005) Volume 7: The IEA, the LSE, and the Influence of Ideas (December 2005)

    It will be of interest to both theoreticians and practitioners working in economics and finance.

    This volume considers why deflation may be worse than inflation and explores how individuals and policymakers have responded to the phenomenon. Monetary and exchange rate regimes as well as stock market reactions play an important part in advancing, or slowing, deflationary trends. The book's coverage ranges from the late nineteenth century to the present day.