Best of
Finance

2005

Poor Charlie's Almanack: The Wit and Wisdom of Charles T. Munger


Charles T. Munger - 2005
    Edited by Peter D. Kaufman. Brand New.

The Millionaire Real Estate Investor


Gary Keller - 2005
    It's filled with practical, workable advice for anyone wanting to build wealth."--Mike Summey, co-author of the bestselling The Weekend Millionaire's Secrets to Investing in Real EstateAnyone who seeks financial wealth must first learn the fundamental truths and models that drive it. The Millionaire Real Estate Investor represents the collected wisdom and experience of over 100 millionaire investors from all walks of life who pursued financial wealth and achieved the life-changing freedom it delivers. This book--in straightforward, no nonsense, easy-to-read style--reveals their proven strategies.The Millionaire Real Estate Investor is your handbook to the tried and true financial wealth building vehicle that rewards patience and perseverance and is available to all--real estate. You'll learn:Myths about money and investing that hold people back and how to develop the mindset of a millionaire investorHow to develop sound criteria for identifying great real estate investment opportunitiesHow to zero in on the key terms of any transaction and achieve the best possible dealsHow to develop the dream team that will help you build your millionaire investment businessProven models and strategies millionaire investors use to track their net worth, understand their finances, build their network, lead generate for properties and acquire themThe Millionaire Real Estate Investor is about you and your money. It's about your financial potential. It's about discovering the millionaire investor in you.

Conspiracy of Fools


Kurt Eichenwald - 2005
    . .

All Your Worth: The Ultimate Lifetime Money Plan


Elizabeth Warren - 2005
    The authors lay out a groundbreaking approach to getting control of your money so you can finally start building the life you’ve always wanted. The result of more than twenty years of intensive research, All Your Worth offers you a step-by-step plan that will let you master your finances—for the rest of your life. The secret? It’s simple, really: get your money in balance. Warren and Tyagi show you how to balance your money into three essential parts: the Must-Haves (the bills you have to pay every month), the Wants (some fun money for right now), and your Savings (to build a better tomorrow). No complicated budgets, no keeping track of every penny. Warren and Tyagi will show you a whole new way of looking at money—and yourself—that will help you get your finances on track so you can enjoy peace of mind for the rest of your life.

Overcoming Underearning: A Five-Step Plan to a Richer Life


Barbara Stanny (now Huson) - 2005
    Underearners are self-saboteurs who don't live up to their earnings potential, says Barbara Stanny, a financial educator, motivational speaker, and career counselor. Whether they make $10 an hour or six figures a year, they tend to live paycheck to paycheck, are often in debt, and have a high tolerance for low pay. Ironically, many work incredibly hard. The good news is that underearning is a self-imposed condition. By focusing on overcoming it, underearners will not only earn what they deserve, but live a richer life. With techniques and exercises that have helped thousands of people, Stanny teaches five essential steps to financial independence and brings a message of empowerment to all those who chronically undervalue themselves.

The Top 10 Distinctions Between Millionaires and the Middle Class


Keith Cameron Smith - 2005
    In this life-changing little book, entrepreneur and inspirational speaker Keith Cameron Smith shows you how to think like a millionaire and reap the benefits of a millionaire mindset. The key to moving beyond the middle class and up the economic ladder is mastering ten vital principles, including• Millionaires think long-term. The middle class thinks short-term. Create a clear vision of the life you desire, and focus on it.• Millionaires talk about ideas. The middle class talks about things and other people. Ask some positive “what if” questions every day, and bounce ideas off successful people who will be honest with you.• Millionaires work for profits. The middle class works for wages. Take calculated risks and learn to take advantage of good opportunities.We all want to improve our financial position. In this inspirational and practical guide filled with savvy and sensible advice, Smith upgrades you from coach to first class. So follow these principles, transform your life, and realize your dreams!

All About Asset Allocation


Richard A. Ferri - 2005
    If you're serious about investing for the long run, you have to take a no-nonsense, businesslike approach to your portfolio. In addition to covering all the basics, this new edition of "All About Asset Allocation" includes timely advice on: Learning which investments work well together and why Selecting the right mutual funds and ETFs Creating an asset allocation that's right for your needs Knowing how and when to change an allocation Understanding target-date mutual funds"All About Asset Allocation offers advice that is both prudent and practical--keep it simple, diversify, and, above all, keep your expenses low--from an author who both knows how vital asset allocation is to investment success and, most important, works with real people." -- John C. Bogle, founder and former CEO, The Vanguard Group"With All About Asset Allocation at your side, you'll be executing a sound investment plan, using the best materials and wearing the best safety rope that money can buy." -- William Bernstein, founder, EfficientFrontier.com, and author, The Intelligent Asset Allocator

The Theory of Corporate Finance


Jean Tirole - 2005
    Whereas once the subject addressed mainly the financing of corporations--equity, debt, and valuation--today it also embraces crucial issues of governance, liquidity, risk management, relationships between banks and corporations, and the macroeconomic impact of corporations. However, this progress has left in its wake a jumbled array of concepts and models that students are often hard put to make sense of.Here, one of the world's leading economists offers a lucid, unified, and comprehensive introduction to modern corporate finance theory. Jean Tirole builds his landmark book around a single model, using an incentive or contract theory approach. Filling a major gap in the field, The Theory of Corporate Finance is an indispensable resource for graduate and advanced undergraduate students as well as researchers of corporate finance, industrial organization, political economy, development, and macroeconomics.Tirole conveys the organizing principles that structure the analysis of today's key management and public policy issues, such as the reform of corporate governance and auditing; the role of private equity, financial markets, and takeovers; the efficient determination of leverage, dividends, liquidity, and risk management; and the design of managerial incentive packages. He weaves empirical studies into the book's theoretical analysis. And he places the corporation in its broader environment, both microeconomic and macroeconomic, and examines the two-way interaction between the corporate environment and institutions.Setting a new milestone in the field, The Theory of Corporate Finance will be the authoritative text for years to come.

Real Estate Investing in Canada: Creating Wealth with the Acre System


Don R. Campbell - 2005
    Well, here's some great news: amazing opportunities exist in the Canadian real estate market for investors who understand how big-picture economic fundamentals can be combined with sound property analysis to create exceptional wealth. Your key to success is to learn the powerful techniques that have helped thousands of others to make money and accomplish their lifestyle dreams through intelligent real estate investing.In Real Estate Investing in Canada, you'll discover the breakthrough Authentic Canadian Real Estate (ACRE) system, a step-by-step program designed to unlock the secrets behind profitable real estate investing. Developed by Canadians for Canadians, savvy investors have already used this ACRE approach to purchase nearly $1 billion in property. You can learn how the ACRE system can help you cut through real estate market hype to get honest answers about critical investment questions.In Real Estate Investing in Canada, you'll learn:how to spot a market that is over-priced or, better yet, under-priced how to know if a town will boom or bust--before it happens how to accurately analyze any property--even if you're a novice investor decide, within 30 seconds, whether a property has profit potential or not the 18 secrets to street-smart negotiations--how to use them to get the deal you want the 7 proven strategies that will get the bank to say yes to your deals how to get your offer accepted, even in a competitive market the single most important step for an overachieving real estate investor (it's not what you think!) The fundamentals of the real estate market have changed dramatically over the past few years, and investors need to know how to read the signs so they get in and--just as importantly--out of the market at the right time.So, if you're serious about informed investing, read Real Estate Investing in Canada, learn the ACRE system, and join the ranks fo Canada's top real estate investors.********************************************************Canadians are looking to real estate investing to build wealth given the unpredictable nature of the stock market. The Authentic Canadian Real Estate (ACRE) System is the first of its kind to show ordinary Canadians how to profit from investing in residential real estate. In Real Estate Investing in Canada, readers will discover how to cut through the hype and emotion of a real estate market and assess the inherent risks and rewards. Whether buying a first property or the 100th, this book gives every investor new-found tools, strategies and confidence to achieve their investment goals.What Canadian real estate investors are saying about the ACRE System and Don R. Campbell: "This is a great book. One strategy alone saved me over $28,000 in the last nine months!" -- Michael Millenaar"Full of practical Canadian content and presented in an organized and respectful system. It directly addresses how you get the money and financing you need to purchase enough real estate to achieve your goals." -- Tamara MacLaren"One of Don Campbell's great gifts is his near-genius ability to take something that appears complex and break it down into a simple step-by-step system that anyone can follow. I am convinced that everyone will thoroughly enjoy, and more important, benefit financially, by reading this book." -- Russell Westcott"The power of Real Estate Investing in Canada lies in the super simple, street-proven systems that it offers you. It makes real estate dreams possible and reachable for any Canadian. If you are serious about learning the truth, cutting through all the hype and being successful, this is your real estate bible!"-- Valden Palm, Misterrrsp.com A portion of the proceeds from this book will be donated to Habitat for Humanity Canada.Special BonusThe markets across the country are continually shifting and you must keep on top of the latest information. So, as a bonus, every registered reader of Real Estate Investing in Canada will have proprietary access to critical forms and ongoing market research at www.reincanada.com.

Creative Cash Flow Reporting: Uncovering Sustainable Financial Performance


Charles W. Mulford - 2005
    It identifies the common steps used to yield misleading cash flow amounts, demonstrates how to adjust the cash flow statement for more effective analysis, and how to use adjusted operating cash flow to uncover earnings that have been misreported using aggressive or fraudulent accounting practices. Charles W. Mulford, PhD, CPA (Atlanta, GA), is the coauthor of three books, including the bestselling The Financial Numbers Game: Identifying Creative Accounting Practices. Eugene E. Comiskey, PhD, CPA, CMA (Atlanta, GA), is the coauthor of the bestselling The Financial Numbers Game: Identifying Creative Accounting Practices.

Every Landlord's Tax Deduction Guide


Stephen Fishman - 2005
    This edition covers updates on the laws, numbers, and planning strategies. Illustrations.

The Great Misunderstanding: Unleashing the Power of Generous Giving


Dave Ramsey - 2005
    You'll learn:- Why God wants His people to give - How to become a good steward - Scriptural guidelines for handling money - How to teach your children to be givers- Why we should give to worthy causes

The Bible of Options Strategies: The Definitive Guide for Practical Trading Strategies


Guy Cohen - 2005
    From buying calls and puts to iron butterflies and condors, Guy explains these strategies in a clear and concise manner that options traders of any level can understand. His chapter on options and taxes is especially welcomed (and needed). The Bible of Options Strategies is a straightforward, easy-to-use reference work that should occupy a space on any options trader's bookshelf." -Bernie Schaeffer, Chairman and CEO, Schaeffer's Investment Research, Inc. "The author delivers clarity, insight and perception making learning about options a joy, and practicing the art of making money that much easier: truly a bible from a guru." -Alpesh B. Patel, Author and Financial Times Columnist "Guy Cohen truly makes learning about options easy in this fact-filled guide. Bullet points make for a quick and enlightened read, getting to the heart of what you really need to know about each options strategy. This book is a must for any serious trader's library." -Price Headley, Founder, BigTrends.com Pick the right options strategies...implement them step-by-step...maximize your profits! Introducing today's first and only comprehensive reference to contemporary options trading! OptionEasy creator Guy Cohen identifies today's popular strategies...and tells you exactly how and when to use each one and what hazards to look out for! It's all here.... Basic Strategies including Buying and shorting shares, calls, and puts.Income Strategies including Covered Call, Naked Put, Bull Put Spread, Bear Call Spread, Long Iron Butterfly, Long Iron Condor, Calendar Call, Diagonal Call...Vertical Spreads including Bull Call Spread, Bull Put Spread, Bear Call Spread, Bear Put Spread, Ladders...Volatility Strategies including Straddle, Strangle, Guts, Short Butterflies, Short Condors...Sideways Strategies including Short Straddle, Short Strangle, Short Guts, Long Butterflies, Long Condors...Leveraged Strategies including Call Ratio Backspread, Put Ratio Backspread, Ratio Spreads...Synthetic Strategies including Collar, Synthetic Call, Synthetic Put, Synthetic Straddles, Synthetic Futures, Combos, Box Spread... ...and many more strategies... Plus essential tax-saving information, and more! No other book presents this much authoritative, current information on options trading strategiesCovers all of today's best income, volatility, leveraged, synthetic, and sideways market strategiesDiscover why each strategy works, when it's appropriate, and how to use it--step by stepIncludes a full chapter on tax issues associated with options strategiesBy Guy Cohen, whose OptionEasy application has helped thousands of traders achieve breakthrough results! The Bible of Options Strategies is the definitive reference to contemporary options trading: the one book you need by your side whenever you trade. Options expert Guy Cohen systematically presents today's most effective strategies for trading options: how and why they work, when they're appropriate, when they're inappropriate, and how to use each one responsibly and with confidence. The only reference of its kind, this book will help you identify and implement the optimal strategy for every opportunity, trading environment, and goal. (c) Copyright Pearson Education. All rights reserved.

Equity Happens: Building Lifelong Wealth with Real Estate


Robert Helms - 2005
    In spite of decades of dire media predictions to the contrary, real estate values continue to increase. When real estate values increase, equity happens! If you believe real estate will be worth more in 10 years from now, then someone is going to make a lot of money – why not you?

Quantitative Risk Management: Concepts, Techniques, and Tools


Alexander J. McNeil - 2005
    This book provides a comprehensive treatment of the theoretical concepts and modelling techniques of quantitative risk management and equips readers--whether financial risk analysts, actuaries, regulators, or students of quantitative finance--with practical tools to solve real-world problems. The authors cover methods for market, credit, and operational risk modelling; place standard industry approaches on a more formal footing; and describe recent developments that go beyond, and address main deficiencies of, current practice.The book's methodology draws on diverse quantitative disciplines, from mathematical finance through statistics and econometrics to actuarial mathematics. Main concepts discussed include loss distributions, risk measures, and risk aggregation and allocation principles. A main theme is the need to satisfactorily address extreme outcomes and the dependence of key risk drivers. The techniques required derive from multivariate statistical analysis, financial time series modelling, copulas, and extreme value theory. A more technical chapter addresses credit derivatives. Based on courses taught to masters students and professionals, this book is a unique and fundamental reference that is set to become a standard in the field.

The Naked Trader: How Anyone Can Still Make Money Trading Shares


Robbie Burns - 2005
    Robbie, aka the Naked Trader, is an expert and highly entertaining guide to the sometimes baffling world of the stock market. In between cups of tea, rounds of toast and the occasional 'cuddle' with Mrs Naked Trader, he describes the straightforward techniques that have enabled him to succeed in the markets and escape the rat race. The book kicks off with the basics such as: the best websites, magazines and newspapers to look at; the kit you need to get cracking; and some key tips for choosing a broker. Robbie then gives you the essential techniques for picking the good shares and, just as importantly, avoiding the bad ones, and finishes up with some more advanced topics like how to make money even when shares fall. Along the way you also get the chance to spend a day with the

The Winning Investment Habits of Warren Buffett & George Soros


Mark Tier - 2005
    But their investment strategies are so widely divergent, what could they possibly have in common?As Mark Tier demonstrates in this insightful book, the secrets that made Buffet, Icahn, and Soros the world's three richest investors are the same mental habits and strategies they all practice religiously. However, these are mental habits and strategies that fly in the face of Wall Street's conventional mindset. For example:-Buffett, Icahn, and Soros do not diversify. When they buy, they buy as much as they can.-They're not focused on the profits they expect to make. Going in, they're not investing for the money at all.-They don't believe that big profits involve big risks. In fact, they're far more focused on not losing money than making it.-Wall Street research reports? They never read them. They're not interested in what other people think. Indeed, Buffett says he only reads analyst reports when he needs a laugh.In The Winning Investment Habits of Warren Buffett & George Soros you can discover how the mental habits that guided your last investment decision stack up against those of Buffett, Icahn, and Soros. Then learn exactly how you can apply the wealth-building secrets of the world's richest investors to transform your own investment results.

Peter L. Bernstein Classics: Capital Ideas, Against the Gods, The Power of Gold (Boxed Set)


Peter L. Bernstein - 2005
    Now, with this one--of--a--kind boxed set, you will be able to enjoy three of the most important and critically acclaimed books by this engaging investment writer ---- Capital Ideas, Against the Gods, and The Power of Gold. Read Capital Ideasand trace the origins of modern Wall Street. Read the bestseller Against the Gods and learn how risk taking propelled the progress of science and enterprise into the modern world. Read The Power of Gold for the story of history's most coveted, celebrated, and inglorious asset. Order the set today.

Live It Up Without Outliving Your Money!: 10 Steps to a Perfect Retirement Portfolio


Paul A. Merriman - 2005
    It's full of wise, easy-to-follow advice that will stand the test of time." --Knight Kiplinger, Editor in Chief, Kiplinger's Personal Finance Magazine and The Kiplinger Letter "Read, Live It Up! Not only does Paul Merriman know the secret to making your money work as hard as you do, he loves helping people achieve their goals and dreams." -Paul B. Farrell, author of The Millionaire Code, The Winning Portfolio and The Lazy Person's Guide to Investing An educational and motivational guide to retiring without running out of money No one understands this better than Paul Merriman. For four decades, Merriman has helped and watched people manage their money--both before and during retirement. Now, in Live It Up without Outliving Your Money!, Merriman distills what he has learned into a sound, time-tested approach to creating a portfolio that will fulfill your unique retirement needs. Based on Merriman's popular retirement workshops, Live It Up without Outliving Your Money! offers ten straightforward steps to creating and maintaining the perfect retirement portfolio. From determining how much you will need to live on after retirement to recognizing and controlling the expenses of investing, the easy-to-understand strategies outlined within these pages can help you regain confidence in your retirement plan. Stay current! visit www.wiley.com/go/paulmerriman

Advances in Behavioral Finance, Volume II


Richard H. Thaler - 2005
    In 1993, the first volume provided the standard reference to this new approach in finance--an approach that, as editor Richard Thaler put it, entertains the possibility that some of the agents in the economy behave less than fully rationally some of the time. Much has changed since then. Not least, the bursting of the Internet bubble and the subsequent market decline further demonstrated that financial markets often fail to behave as they would if trading were truly dominated by the fully rational investors who populate financial theories. Behavioral finance has made an indelible mark on areas from asset pricing to individual investor behavior to corporate finance, and continues to see exciting empirical and theoretical advances. Advances in Behavioral Finance, Volume II constitutes the essential new resource in the field. It presents twenty recent papers by leading specialists that illustrate the abiding power of behavioral finance--of how specific departures from fully rational decision making by individual market agents can provide explanations of otherwise puzzling market phenomena. As with the first volume, it reaches beyond the world of finance to suggest, powerfully, the importance of pursuing behavioral approaches to other areas of economic life.The contributors are Brad M. Barber, Nicholas Barberis, Shlomo Benartzi, John Y. Campbell, Emil M. Dabora, Daniel Kent, Fran�ois Degeorge, Kenneth A. Froot, J. B. Heaton, David Hirshleifer, Harrison Hong, Ming Huang, Narasimhan Jegadeesh, Josef Lakonishok, Owen A. Lamont, Roni Michaely, Terrance Odean, Jayendu Patel, Tano Santos, Andrei Shleifer, Robert J. Shiller, Jeremy C. Stein, Avanidhar Subrahmanyam, Richard H. Thaler, Sheridan Titman, Robert W. Vishny, Kent L. Womack, and Richard Zeckhauser.

Succeeding with What You Have


Charles Schwab - 2005
    SCHWAB (1862-1939), who became president of Carnegie Steel at age 35, was Andrew Carnegie's right hand man and was also one-time president of U.S. Steel and Bethlehem Steel. This essay, by one of the country's top millionaire businessmen, shares his secrets of success. Schwab had a deep appreciation for the common, dedicated working man and he gave the power to succeed to any employee who was willing to pay the price. Schwab pointed out that he motivated his workers by appeal[ing] to the American spirit of conquest in my men, the spirit of doing things better than anyone has ever done them before. In that time it has been my good fortune to watch most of the present leaders rise from the ranks, ascend step by step to places of power. These men, I am convinced, are not natural prodigies. They won out by using normal brains to think beyond their manifest daily duty. --CHARLES SCHWAB

The Millionaire in Me


Azizi Ali - 2005
    

Trade Stocks and Commodities with the Insiders: Secrets of the Cot Report


Larry R. Williams - 2005
    That's the essence of what Larry Williams has to teach us in this book. And it's not just what the Smart Money says or thinks, but how they behave in terms of their trading that we should pay attention to. Larry shows us how to listen to that message. --Tom McClellan, Editor of The McClellan Market Report Finally, an insider's take on what really goes on behind the scenes in commodity trading. Larry writes his view of trading, as only he knows it, from his twenty-five years of experience. --James Altucher, author of Trade Like a Hedge FundSuccessful trader Larry Williams reveals industry secrets that help investors and traders successfully invest and trade side-by-side with the largest commercial interests in the world. You'll be introduced to the COT (Commitment of Traders) report, the best resource for achieving trading success, learn exactly what the information it contains means, and plan for maximizing profits by acting on reported actions.

Becoming Rich: The Wealth-Building Secrets of the World's Master Investors Buffett, Icahn, Soros


Mark Tier - 2005
    But their investment strategies are so widely divergent, what could they possibly have in common?As Mark Tier demonstrates in this insightful book, the secrets that made Buffet, Icahn, and Soros the world's three richest investors are the same mental habits and strategies they all practice religiously. However, these are mental habits and strategies that fly in the face of Wall Street's conventional mindset. For example:-Buffett, Icahn, and Soros do not diversify. When they buy, they buy as much as they can.-They're not focused on the profits they expect to make. Going in, they're not investing for the money at all.-They don't believe that big profits involve big risks. In fact, they're far more focused on not losing money than making it.-Wall Street research reports? They never read them. They're not interested in what other people think. Indeed, Buffett says he only reads analyst reports when he needs a laugh.In Becoming Rich you can discover how the mental habits that guided your last investment decision stack up against those of Buffett, Icahn, and Soros. Then learn exactly how you can apply the wealth-building secrets of the world's richest investors to transform your own investment results.

Rich Dad's Escape from the Rat Race: How to Become a Rich Kid by Following Rich Dad's Advice


Robert T. Kiyosaki - 2005
    Turtle runs out of money at the amusement park, he turns to his friend Red E. Rat to learn about how to handle his money, make investments, and read financial statements, in a colorful comic designed to teach fiscal responsibility and good money management skills. Original.

From Asian to Global Financial Crisis: An Asian Regulator's View of Unfettered Finance in the 1990s and 2000s


Andrew Sheng - 2005
    The author, an Asian regulator, examines how old mindsets, market fundamentalism, loose monetary policy, carry trade, lax supervision, greed, cronyism, and financial engineering caused both the Asian crisis of the late 1990s and the current global crisis of 2008-2009. This book shows how the Japanese zero interest rate policy to fight deflation helped create the carry trade that generated bubbles in Asia whose effects brought Asian economies down. The study's main purpose is to demonstrate that global finance is so interlinked and interactive that our current tools and institutional structure to deal with critical episodes are completely outdated. The book explains how current financial policies and regulation failed to deal with a global bubble and makes recommendations on what must change.

Brownian Motion Calculus


Ubbo F. Wiersema - 2005
    It is intended as an accessible introduction to the technical literature. A clear distinction has been made between the mathematics that is convenient for a first introduction, and the more rigorous underpinnings which are best studied from the selected technical references. The inclusion of fully worked out exercises makes the book attractive for self study. Standard probability theory and ordinary calculus are the prerequisites. Summary slides for revision and teaching can be found on the book website.

Ahead of the Curve: A Commonsense Guide to Forecasting Business And Market Cycle


Joseph H. Ellis - 2005
    Unfortunately, a confusing array of anecdotal and conflicting indicators often renders it impossible for managers and investors to see where the economy is heading in time to take corrective action. Now, a 35-year Wall Street veteran unveils a new forecasting method to help managers and investors understand and predict the economic cycles that control their businesses and financial fates. In Ahead of the Curve, Joseph H. Ellis argues that the problem with current forecasting models lies not in the data, but rather in the lack of a clear framework for putting the data in context and reading it correctly. The book explains critical economic indicators in nontechnical language, identifies and documents the recurring cause-and-effect relationships that consistently predict turning points in the economy, and provides the tools managers and investors need to position themselves ahead of cyclical upturns and downturns. Economic events are not as random and unpredictable as they seem. This book helps readers recognize and react to signs of change that their rivals don't see—and win a sizeable competitive advantage. Joseph H. Ellis was a partner at Goldman Sachs and was ranked for 18 consecutive years by Institutional Investor magazine as Wall Street's No.1 retail industry analyst.

Speculative Contagion: An Antidote for Speculative Epidemics


Frank K. Martin - 2005
    From the ill-equipped wage earners on the factory floor deluded by slick pitches evoking images of 401(k) financial independence to the institutional investors, the fate was often the same-except for the parasites who were knowingly complicit. When the Great Bubble inevitably imploded, few were spared the financial fallout. Speculative Contagion is an insider's riveting real-time and real-money account of the inflating Bubble, accented with the genuine suspense to be found only in real-life drama. The epidemic of tech-driven lunacy gradually affected more and more feverish investors all too prone to be infected by the insidious absurdity of the times. In the midst of it all, Frank Martin found sanctuary in the treasure trove of history. As he reflected on the unremitting succession of other departures from reality in the past, along with the madness of crowds, he was able to grasp shreds of sanity, at least partially muting the Sirens' call of speculative contagion. Spared the emotional devastation and accompanying paralysis that shocking losses inevitably and cruelly visit upon the unprepared, Martin commanded the capital and the conviction to be able to step up to the plate and lay wood to the fat pitches that at last came floating his firm's way. While the path to investment success is arduous at best and assured for no one, the eye-strained yet battle-hardened reader-from student to amateur or seasoned investor to rattled professional-is forearmed by this book to face the future with a short list of foundational antidotes. Rationality is their common thread. We can thus combat the ill effects of whatever may yet come at us from the perilously unorthodox and persistently unrepentant current episode, as well as those that lie in wait beyond the horizon. With both colorful anecdotes and timely antidotes coming as thick and fast as baseballs to a hitter in batting practice, the reader is in for a delightful and eye-opening romp through an extraordinary era in U.S. financial history.

Keys to Financial Excellence


Phil Pringle - 2005
    The Bible provides truths, examples, and principles about how we are to handle our money and our relationships. When author Phil Pringle applied these biblical truths in his life, he experienced a new joy and an overflow of God's blessings. In Keys to Financial Excellence, he shares these dynamic principles so that you, too, can have victory in your finances and enter into the fullness of abundant living. Discover the keys that will transform your life and unlock the wealth of heaven.

Exchanging Up


Gary Gorman - 2005
    Build on land that you already own using your exchange proceeds from your sale (so called 'Build-to-Suit' Exchanges. Make improvements to the property that you're buying or exchanging into...(Improvement Exchanges). Do construction on land that you buy in an exchange (Construction Exchange). Buy new property BEFORE you've sold your old property using Reverse Exchanges. Make sure your intermediary parks your money in a separate account to assure it's absolute safety and security in a 1031 exchange. Exchange your old property and buy into a TIC syndication and no longer have the hassles of being a landlord! Turn your investment property into tax-free cash! Or, how to build a financial legacy for your heirs with little or no tax by using Section 1031!

Finance in a Nutshell: A No-Nonsense Companion to the Tools and Techniques of Finance


Javier Estrada - 2005
    Estrada avoids abstract symbolism and jargon, and instead relies on insightful, practical examples, making this the perfect book for practitioners who seek an efficient and engaging learning experience. My advice: buy this book and keep it close at hand!- Mark Kritzman, President & CEO, Windham Capital Management, LLC. With Finance in a Nutshell, Javier Estrada has succeeded in several difficult tasks: to make an investment and corporate finance guide concise and useful; conceptually comprehensive and correct, but also written in a readable and engaging style. Academics, as well as practitioners, will want to refer to this book and recommend it to others.- Edward I. Altman, Max L. Heine Professor of Finance, NYU Stern School of Business.

Legal and Regulatory Aspects of Banking


Indian Institute of Banking & Finance - 2005
    The book is divided into four sections that have various sub-sections which delve into the specific laws and their scope in the world of banking. The book starts with a section dedicated to the legal outline of rules and statutes. It takes you through the wealth of laws that dictate banking practices in public sector banking and cooperative banking.The section that follows goes over the entire range of laws that affect banking procedures. Different kinds of securities, bank guarantees, letters of credit, indemnities and more are covered in this section. Apart from these, secured and unsecured loans, deferred payment guarantee, varieties of credit facilities and the laws involved in bill finance are discussed in detail. The third section focuses on precise banking laws like the Banking Ombudsman Scheme of 2006 and the SARFAESI Act of 2002. Miscellaneous provisions, offences and penalties and the central registry are also included in this section.Finally, the last section throws light on a breadth of topics related to commercial law that include agency, contract of bailment and pledge and guarantee. The book also looks into the prospects linked with conditions and warranties, dissolution of firms, membership and the effects of non-registration in the banking realm. Legal and Regulatory Aspects of Banking is a useful resource for anybody who is interested in the laws that govern banking practices in India.

Probability Theory in Finance: A Mathematical Guide to the Black-Scholes Formula


Sean Dineen - 2005
    There are very few undergraduate textbooks available on the subject and, until now, almost none written by mathematicians. Based on a course given by the author, the goal of this book is to introduce advanced undergraduates and beginning graduate students studying the mathematics of finance to the Black-Scholes formula. The author uses a first-principles approach, developing only the minimum background necessary to justify mathematical concepts and placing mathematical developments in context. The book skillfully draws the reader toward the art of thinking mathematically and then proceeds to lay the foundations in analysis and probability theory underlying modern financial mathematics. It rigorously reveals the mathematical secrets of topics such as abstract measure theory, conditional expectations, martingales, Wiener processes, the Ito calculus, and other ingredients of the Black-Scholes formula. In explaining these topics, the author uses examples drawn from the universe of finance. The book also contains many exercises, some included to clarify simple points of exposition, others to introduce new ideas and techniques, and a few containing relatively deep mathematical results. With the modest prerequisite of a first course in calculus, the book is suitable for undergraduates and graduate students in mathematics, finance, and economics and can be read, using appropriate selections, at a number of levels.

Trader's Guide To Indian Derivatives


Ashwani Gujral - 2005
    It is an insider's guide which spans the three aspects of successful trading: charting and entry techniques, money and trade management, and trading psychology.

The New Paradigm in Macroeconomics: Solving the Riddle of Japanese Macroeconomic Performance


Richard A. Werner - 2005
    This book unifies key aspects of these challenges in the formulation of a new macroeconomic paradigm. Its validity is tested using data on Japan, one of the biggest empirical challenges to the "old" paradigm. In the process, a contribution is made towards a better understanding of the many "puzzles" or "anomalies" of the Japanese economy of the past decades. However, the new approach is applicable far beyond Japan.

All About Derivatives (All About Series)


Michael Durbin - 2005
    Using real-world examples and simple language, it lucidly illustrates what derivatives are and why they are so powerful. This second edition of "All About Derivatives" provides a rock-solid foundation on: The most common contracts available to you in today's marketKey concepts such as cost of carry, settlement, valuation, and payoffProven methods for establishing fair valueHow leverage can work for you--and against youThe various derivative contracts traded today, including forwards, futures, swaps, and optionsPricing methods and mathematics for determining fair valueHedging strategies for managing and reducing different types of riskINCLUDES A BRAND-NEW CHAPTER ON THE ROLEDERIVATIVES PLAYED IN THE 2008 FINANCIAL MELTDOWN

Biologically Inspired Algorithms for Financial Modelling


Anthony Brabazon - 2005
    The focus of this book is the application of biologically inspired algorithms (BIAs) to financial modelling.In a detailed introduction, the authors explain computer trading on financial markets and the difficulties faced in financial market modelling. Then Part I provides a thorough guide to the various bioinspired methodologies neural networks, evolutionary computing (particularly genetic algorithms and grammatical evolution), particle swarm and ant colony optimization, and immune systems. Part II brings the reader through the development of market trading systems. Finally, Part III examines real-world case studies where BIA methodologies are employed to construct trading systems in equity and foreign exchange markets, and for the prediction of corporate bond ratings and corporate failures.The book was written for those in the finance community who want to apply BIAs in financial modelling, and for computer scientists who want an introduction to this growing application domain."

The Ultimate Guide To Real Estate


John McGrath - 2005
    

The Real Effect of Banking Crises


Raghuram G. Rajan - 2005
    Is this because crises tend to take place during economic downturns, or do banking sector problems have independent negative effects on the economy? To answer this question we examine industrial sectors with differing needs for financing. If banking crises have an exogenous detrimental effect on real activity, then sectors more dependent on external finance should perform relatively worse during banking crises. The evidence in this paper supports this view. Additional support comes from the fact that sectors that predominantly have small firms, and thus are typically bank-dependent, also perform relatively worse during banking crises. The differential effects across sectors are stronger in developing countries, in countries with less access to foreign finance, and where banking crises have been more severe.

Markets in Motion


Ned Davis - 2005
    stock market since 1900. Decade by decade, you'll examine how different economic and policitcal environments can be directly correlated to stock market movements. Each decade features graphs displaying the performance of the Dow Jones Average, the Dow Jones price to dividend ratio, industrial production, money supply, consumer price index, T bill rate, and the Discount rate. Embedded on the graphs are short descriptions of important political, economic, and historical events. Use this information to reference similar environments today and gain an edge in determining the future direction of the market.

Options: Trading Strategy and Risk Management


Simon Vine - 2005
    Options provides a step-by-step approach to trading, hedging, and investing using options, and shares the key concepts essential to successful options use. Options also explores how to use a wide variety of options strategies and shows readers how to select the strategy that best fits their own psychological risk profile. Filled with real-world examples and proven strategies, this invaluable resource will be of interest to all professionals-and newcomers-who'd like to exploit options for strategic advantage, risk management, or profit. Simon Vine (Moscow, Russia) is deputy head of the investment banking division at Alfa Bank, the largest private financial institution in Russia. He holds an MBA from Columbia Business School and a BA from the Institute for Finance and Economics in Moscow.

Principles & Practices of Banking


Indian Institute of Banking & Finance - 2005
    The development of banking industry in India is given a thorough overview right from its birth to the present state. The book also lays its views on the challenges encountered by the banking sector in these changing times, the steep development of technologies that help in secured and effective banking operations and the rules and regulations brought in by the Reserve Bank of India in providing financial stability and protecting the depositors.Principles And Practices of Banking is a very important book for anyone willing to get their fair share of unbiased knowledge about the banking sector in India. The book is a product of Indian Institute of Banking and Finance. The style of writing in the book is perspicuous and the information precise without redundancy. The book starting from foreword is divided majorly into four modules. Module A is titled Indian Financial System. This module starts with the general scenario of Indian financial system. Then it moves on to speak of banking regulations; retail, wholesale and international banking. It then covers the roles and functions of capital market, mutual funds and insurance companies. The module also covers alliances, recent developments and risk management. Module B is titled Functions of Banks. This module covers a wide range of banking functions such as customer relationship, payment and collection of cheques, ancillary services, agricultural finance, self-help groups, loans, collaterals and the likes. Module C is titled Banking Technology. This module explains different technologies used in the functioning of banks and their importance. Module D is titled Support Services - Marketing of Banking Services/Products.

Virtue, Fortune, and Faith: A Genealogy of Finance


Marieke de Goede - 2005
    How this change in status came about, and what it reveals about the nature of finance, is the story told in Virtue, Fortune, and Faith. A unique cultural history of modern financial markets from the early eighteenth century to the present day, the book offers a genealogical reading of the historical insecurities, debates, and controversies that had to be purged from nascent credit practices in order to produce the image of today's coherent and - largely - rational global financial sphere. Marieke de Goede discusses moral, religious, and political transformations that have slowly naturalized the domain of finance. Using a deft integration of feminist and poststructuralist approaches, her book demonstrates that finance - not just its rules of personal engagement, but also its statistics, formulas, instruments, and institutions - is a profoundly cultural and politically contingent practice. When closely examined, the history of finance is one of colonial conquest, sexual imagination, constructions of time, and discourses of legitimate (or illegitimate) profit making. Regardless, this history has had a far-reaching impact on the development of the modern international financial institutions that act as the stewards of the world's economic resources. De Goede explores the political contestations over ideas of time and money; the gendered discourse of credit and credibility; differences among gambling, finance, and speculation; debates over the proper definition of the free market; the meaning of financial crisis; and the morality of speculation. In an era when financial practices are pronounced too specialized for broad-based public, democratic debate, Virtue, Fortune, and Faith questions assumptions about international finance's unchallenged position and effectively exposes its ambiguous scientific authority.

Accounting and Finance for Bankers


Indian Institute of Banking & Finance - 2005
    Right from the basics of accounting techniques to the newest financial reporting standards, the book provides step-by-step learning.To enhance the ease of learning, this book has been divided into four modules containing 27 chapters in all. These modules broadly cover the subjects of Business Mathematics, Principles of Bookkeeping, Special and Final accounts. The simple way of putting forward the concepts in the book is to ensure that both the people who do not possess financial knowledge as well as those who possess it can easily grasp the subject.Numerous examples for each of the concepts are provided in the book for better understanding. Also, there are exercises for the users to obtain clarity on concepts and also to evaluate their performance level.

The Evolutionary Foundations of Economics


Kurt Dopfer - 2005
    This collection brings together economists who are at the forefront of this new field of enquiry to provide the most comprehensive and authoritative survey available.

Fixed-Income Securities and Derivatives Handbook: Analysis and Valuation


Moorad Choudhry - 2005
    The basic analytical techniques are applicable in all bond markets, but as the instruments being valued become more complex, additional techniques are required. In order to succeed, today's financial practitioners need to be fully up to speed on how these derivative products and their underlying securities are structured and valued. In Fixed-Income Securities and Derivatives Handbook, respected practitioner Moorad Choudhry provides a concise and accessible overview of the main elements of the markets, the techniques used, and their applications. Covering a wide range of market instruments, the book examines both simple and complex products and the mathematics behind them. Analyzing both cash and derivative products, Choudhry provides insight into market conventions with case studies demonstrating how the markets really work. The book features an introduction to yield-curve models, curve-fitting techniques, a look at option-adjusted spread, index-linked bond analytics, and a range of other applications of value in the fixed-income markets. Choudhry's unique focus on the international nature of these instruments makes the techniques and applications appropriate to every debt capital market. Whether new to the field or simply in need of a refresher on recent developments, the practitioner will find Fixed-Income Securities and Derivatives Handbook a resource to have close by.

The Bottom Line: Business Finance: Your Questions Answered


Paul Barrow - 2005
    Financial statements, financial analysis and control, break-even analysis, profit improvement, securing the right type of funding and buying and selling a business are all clearly explained and simplified in The Bottom Line. Expert advice is given through: * frequently asked financial questions* short, easy to read and understandable sections* case studies providing insights into what other businesses have done and why it worked for them.

The ABC of Money: Including, the Gospel of Wealth and the Way to Wealth


Andrew Carnegie - 2005
    THE ABC OF MONEY is an undiscovered gem offering a wealth of knowledge and Carnegie's shrewd philosophies on the subject - a fascinating look at the history of "debased coin" and "greenbacks," and the value of currency from one of the great American industrialists. ANDREW CARNEGIE (1835-1919) was an American industrialist and philanthropist. His previous works include "The Gospel of Wealth" (1889) setting forth his idea that rich men are "trustees" of their wealth and should administer it for the good of the public. Carnegie's benefactions (totaling about $350 million) included Carnegie Hall (1892) in New York City, the Carnegie Institution of Washington (1902), the Carnegie Hero Fund Commission (1904), the Carnegie Foundation for the Advancement of Teaching (1905), the Carnegie Endowment for International Peace (1910), and over 2,800 libraries. BENJAMIN FRANKLIN (1706-1790) composed "The Way to Wealth" composed this essay for the twenty-fifth anniversary issue of Poor Richard's Almanac, the first issue of which, under the fictitious editorship of "Richard Saunders," appeared in 1733. Franklin brought together the best of his maxims in the guise of a speech by Father Abraham. Though it is frequently reprinted as "The Way to Wealth," it is also know by earlier titles: Poor Richard Improved and Father Abraham's Speech.

The Economics of Money, Banking and Finance: A European Text


Peter Howells - 2005
    Also suitable for MA level.This book is specifically written to meet the needs of students who requires a rigorous grounding in financial economics theory, combined with institutional and policy discussion relevant to the 'real world' of economics of contemporary Europe. This new edition has greater emphasis on international issues affecting financial markets whilst retaining its strong unifying theoretical perspective.and a unique comparative survey of financial systems in the UK, Germany, France, Italy and the USA. Thoroughly updated to incorporate recent developments in this discipline, this edition promises to be the best yet.

Winning Methods of the Market Wizards with Jack Schwager


Jack D. Schwager - 2005
    This rare session can help investors of all skill levels become market masters.

Beyond the J Curve: Managing a Portfolio of Venture Capital and Private Equity Funds


Thomas Meyer - 2005
    There is far more to the management of a portfolio of venture capital and private equity funds than usually perceived. Beyond the J Curve describes an innovative toolset for such limited partners to design and manage portfolios tailored to the dynamics of this market place, going far beyond the typical and often-simplistic recipe to 'go for top quartile funds'. Beyond the J Curve provides the answers to key questions, including:Why 'top-quartile' promises should be taken with a huge pinch of salt and what it takes to select superior fund managers? What do limited partners need to consider when designing and managing portfolios? How one can determine the funds' economic value to help addressing the questions of 'fair value' under IAS 39 and 'risk' under Basel II or Solvency II? Why is monitoring important, and how does a limited partner manage his portfolio? How the portfolio's returns can be improved through proper liquidity management and what to consider when over-committing? And, why uncertainty rather than risk is an issue and how a limited partner can address and benefit from the fast changing private equity environment? Beyond the J Curve takes the practitioner's view and offers private equity and venture capital professionals a comprehensive guide making high return targets more realistic and sustainable. This book is a must have for all parties involved in this market, as well as academic and students.

Mutual Fund Industry Handbook


Lee Gremillion - 2005
    . . I am profoundly impressed by the broad and comprehensive sweep of information and knowledge that this book makes available to industry participants, college and business school students, and anyone else with a serious interest in this industry. -- From the Foreword by John C. Bogle President, Bogle Financial Markets Research Center Founder and former chief executive, The Vanguard Group A Foreword by John C. Bogle, founder of The Vanguard Group and one of the most respected leaders in the mutual fund industry, sets the stage for this authoritative book that explains the complexities of the phenomenal industry in simple terms. Investors like the fact that mutual funds offer professional management, easy diversification, liquidity, convenience, a wide range of investment choices, and regulatory protection. Mutual Fund Industry Handbook touches on all of those features and focuses on the diverse functions performed in the day-to-day operations of the mutual fund industry. You'll learn about:Front-office functions-analysis, buying, and selling. Back-office functions, including settlement, custody, accounting, and reporting. Commission structures-front-end loads, back-end loads, or level loads. The various fund categories used by the Investment Company Institute, Morningstar, and Lipper. The roles played by fund managers, investment advisors, custodial banks, distributors, transfer agents, and other third-party service providers. If you want a definitive reference on the mutual fund industry, this is the book for you.

Secrets of the Best-Run Practices


Judy Capko - 2005
    Bonus for the 2nd edition...46 forms to customize for your own office. Ready-to-Use Guidance from Medical Business Guru Judy Capko. In plain-English, Judy Capko, a noted practice management expert maps out the smart but ingeniously simple tactics that the most successful medical practices and ambulatory care centers are using to thrive despite tough economics, tight reimbursement, and practice management issues such as changes in workforce demographics and the prospect of upcoming health care reform. From consulting engagements with hundreds of medical practices, Capko shares best of the best ideas plus ready-to-use tools. Whether you have a practice that is growing so fast you are losing control ... or a practice that is struggling with patients and profitability, Secrets shows you proven tactics for improving practice revenues and patient satisfaction, managing the phones, streamlining workflow, and hiring and retaining dedicated staff. Readers are using these real-life secrets to create a smoother, more profitable practice where staff wants to work and patients want to come!

The Complete Guide to Market Breadth Indicators: How to Analyze and Evaluate Market Direction and Strength


Gregory L. Morris - 2005
    Applicable to virtually any exchange or index of securities for which breadth data is available, it represents the best available footprint of the health and near-term direction of the overall market examined. The Complete Guide to Market Breadth Indicators is the first book to delve into the use, mathematics, and interpretation of the most popular and proven of these tools, and is an invaluable reference for technical traders and investors of all types, and in every market.Market breadth indicators, i.e. advance/decline, new highs/new lows, or up/down volume, allow the technical analysts and traders to look beneath the surface of a market to quantify the underlying strength or direction associated with a market move. Increasingly popular in all types of markets, these indicators give traders the ability to accurately forecast a number of possible outcomes and the likelihood of each.Bottom line? For gauging the near-term direction and strength of a market, breadth indicators are among the single most valuable tools a trader can use.The Complete Guide to Market Breadth Indicators is the most compreshensive and vivid collection available of market breadth indicator information and features ideas and insights from market verterans including Tom and Sherman McClellan, John McGinley, Jim Miekka, and numerous others. Chapters are first categorized based on the mathematical relationship between the breadth pairs such as advances and declines. Each indicator is then analyzed to provide information including:Also know as - other names by which the indicator is recognized.Author/creator - when available.Data components required - components of breadth data required to calculate the indicator.Description - brief description of the indicator.Interpretation - generally accepted industry interpretation of the indicator, with techniques of different analysts also discussed.Chart - or charts that best display the indicator, all provided by StockCharts.com.Author Comments - Greg Morris's personal interpretation, opinion, and use of the indicator, along with suggested modifications, complementary indicators, and more.Formula - An algebraic formula for the indicator or, for formulae that are too complex for this section, a descriptive narrative on the formula.StockCharts.com Symbol - the symbol of the indicators for use on StockCharts.com.References - An indicator-specific bibliography for additional information on the indicator or its creator, with notes about a particular book or magazine article.Praise for The Complete Guide to Market Breadth Indicators “This book should be called the Encyclopedia of Market Breadth Indicators because it includes every form or market breadth known to man. A must for any serious student of this important and overlooked subject.” Martin Pring, Author, Technical Analysis Explained “In The Complete Guide to Market Breadth Indicators, Greg Morris passes along his many years of experience, describing the market breadth indicators that he finds most effective.” Sherman McClellan, Publisher, The McClellan Market Report “The most comprehensive study of breadth I’ve ever seen. Here, in one place, you get literally, all the indicators that study the markets innards. All serious technicians will want this book on their shelves.” John Sweeney, Former Technical Editor, Technical Analysis of Stocks and CommoditiesGregory L. Morris was the Chairman of the Investment Committee and Chief Technical Analyst at Stadion Money Management, LLC up until his retirement in 2014. He wrote the seminal Candlestick Charting Explained and its Workbook, and Investing with the Trend.

CFA Fundamentals: The Schweser Study Guide to Getting Started


Bruce Kuhlman - 2005
    It is also a good reference book.

The Financial Numbers Game: Detecting Creative Accounting Practices


Eugene E. Comiskey - 2005
    These guys know their balance sheets. The Financial Numbers Game should serve as a survival manual for both serious individual investors and industry pros who study and act upon the interpretation of financial statements. This unique blend of battle-earned scholarship and quality writing is a must-read/must-have reference for serious financial statement analysis." -Bob Acker, Editor/Publisher, The Acker Letter "Wall Street's unforgiving attention to quarterly earnings presents ever-increasing pressure on CFOs to manage earnings and expectations. The Financial Numbers Game provides a clear explanation of the ways in which management can stretch, bend, and break accounting rules to reach the desired bottom line. This arms the serious investor or financial analyst with the healthy skepticism required to drive beyond reported results to a clear understanding of a firm's true performance." -Mark Hurley, Managing Director, Training and Development Global Corporate and Investment Banking, Bank of America "After reading The Financial Numbers Game, I feel as though I've taken a master's course in financial statement analysis. Mulford and Comiskey's latest book should be required reading for anyone who is serious about fundamentally analyzing stocks." -Harry Domash, Investing Columnist, San Francisco Chronicle and Publisher, Winning Investing The Financial Numbers Game identifies the steps businesses may take to misstate financial performance and helps its readers to identify those situations where reported results may not be what they seem.

Advanced Bond Portfolio Management: Best Practices in Modeling and Strategies


Philippe Priaulet - 2005
    In Advanced Bond Portfolio Management , Frank Fabozzi, Lionel Martellini, and Philippe Priaulet have brought together more than thirty experienced bond market professionals to help you do just that. Divided into six comprehensive parts, Advanced Bond Portfolio Management will guide you through the state-of-the-art techniques used in the analysis of bonds and bond portfolio management. Topics covered include:General background information on fixed-income markets and bond portfolio strategies The design of a strategy benchmark Various aspects of fixed-income modeling that will provide key ingredients in the implementation of an efficient portfolio and risk management process Interest rate risk and credit risk management Risk factors involved in the management of an international bond portfolio Filled with in-depth insight and expert advice, Advanced Bond Portfolio Management is a valuable resource for anyone involved or interested in this important industry.

Mathematical Formulas for Economists


Bernd Luderer - 2005
    It contains basic knowledge in mathematics, financial mathematics and statistics in a compact and clearly arranged form. This volume is meant to be a reference work to be used by students of undergraduate courses together with a textbook, and by researchers in need of exact statements of mathematical results. People dealing with practical or applied problems will also find this collection to be an efficient and easy-to-use work of reference.

Empirical Dynamic Asset Pricing: Model Specification and Econometric Assessment


Kenneth J. Singleton - 2005
    The first several chapters provide an in-depth treatment of the econometric methods used in analyzing financial time-series models. The remainder explores the goodness-of-fit of preference-based and no-arbitrage models of equity returns and the term structure of interest rates; equity and fixed-income derivatives prices; and the prices of defaultable securities.Singleton addresses the restrictions on the joint distributions of asset returns and other economic variables implied by dynamic asset pricing models, as well as the interplay between model formulation and the choice of econometric estimation strategy. For each pricing problem, he provides a comprehensive overview of the empirical evidence on goodness-of-fit, with tables and graphs that facilitate critical assessment of the current state of the relevant literatures.As an added feature, Singleton includes throughout the book interesting tidbits of new research. These range from empirical results (not reported elsewhere, or updated from Singleton's previous papers) to new observations about model specification and new econometric methods for testing models. Clear and comprehensive, the book will appeal to researchers at financial institutions as well as advanced students of economics and finance, mathematics, and science.

Credit Derivatives: Cdos and Structured Credit Products


Satyajit Das - 2005
    Previous editions have consisted of a number of chapters written by the author and a collection of papers from leading market practitioners. This edition departs from the previous format -- all chapters have been written by the author, Satyajit Das.Key areas of new and enhanced coverage include:Inclusion of latest developments in documentation (the 2003 Credit Derivative Definitions and market developments such as Master Confirmations). Description of developments in structured credit products, including portfolio products, up-front credit default swaps, quanto credit default swaps, credit swaptions, zero recovery credit default swaps, first-to-default swaps/ Nth ?to-default swaps, and many more. Increased coverage of credit linked notes including repackaging structures. Detailed discussion of the collateralized debt obligations (?CDO?) market, including CDO structures, pricing and valuation, rating methodology, CDO variations, single tranche CDOs, hedging of CDO tranches, behavior of CDO tranche (equity, mezzanine, senior and super senior) investments. Increased coverage of pricing of credit default swaps (including models and valuation approaches) and discussion of cash-synthetic basis and its causes and behavior. Coverage of E2C (equity to credit) hedging. Detailed examples of applications of credit derivatives by different market participants. Discussion of trading in credit derivatives including more complex trading strategies such as basis trading and capital structure arbitrage trades. Updated coverage of regulatory framework for credit derivatives. Updated discussion of market structures, developments and prospects. Order your copy of this comprehensive work today.

Outperform with Expectations-Based Management: A State-Of-The-Art Approach to Creating and Enhancing Shareholder Value


Aaron Dolgoff - 2005
    This is why expectations-based management has been developed. Outperform with Expectations-Based Management (EBM) introduces a revolutionary new performance metric that links performance standards, performance measurement, and the achievement of performance. It's easy to say that if a CEO can get performance measurement right, then performance improvement will follow. But what is the right measure of performance, and how do you use it to improve performance? Authors Tom Copeland and Aaron Dolgoff answer these questions and many more, as they show you how to find the measure of performance that has the strongest link to the creation of wealth for the owners of both public and private companies. They answer the puzzle of why growth in earnings is not correlated with shareholder returns and explain the under- and over-investment traps. And they explain how clear communications to investors and managers alike improve value.The bottom line is that share prices go up when companies exceed expectations -- short-term and long-term -- of income statement and balance sheet performance and daily operating value drivers. Gain a complete understanding of EBM and discover how to do this, and much more, while staying competitive in an unforgiving business environment.

Dictionary of Banking and Finance: Over 9,000 terms clearly defined


Jane Russell - 2005
    It is aimed at professionals working in or involved with banking and finance, and for students, whether studying A-Levels, degree or professional qualifications in banking and finance. Fully revised and updated this dictionary contains over 9000 entries providing clear, up-to-date coverage of all aspects of banking and finance. The book also includes encyclopedic comments on banking and financial practice, expanding on complex terms such as "poison pills" and "bills of exchange", and special supplements on money, currencies, international banks and stock exchanges.