Book picks similar to
Financial Calculus: An Introduction to Derivative Pricing by Andrew Rennie
finance
finance-investing
intro-quant-finance
math-for-finance
The B-58 Blunder: How the U.S. Abandoned its Best Strategic Bomber
George Holt Jr. - 2015
This work is a case study on how the B-58 supersonic bomber came to a premature death in the U.S. military, largely because of infighting among military and civilian leaders, who failed to understand the value of this fantastic airplane. It was a technological marvel for its time and the very best pilots and navigators were chosen to fly this unique aircraft. At its maximum speed of 2.2 Mach (1,452 mph) it was 2½ times faster than the muzzle velocity of a .45 caliber bullet. It could fly faster and out turn must fighters of its day and was also capable of flying close to tree top level just below the speed of sound. It was nearly undetectable by enemy radars due to its speed and low radar cross section and was better at flying through heavy turbulence due to its solid delta wing design. It had a highly accurate navigation and bombing system. It had a capsule ejection system for the safety of the aircrew and was capable of getting airborne in only half the time required by other bombers. Told for the first time, this is the inside story that dispels the unproven myths surrounding the demise of the B-58 and why this magnificent airplane should have been saved. Its loss from the nuclear armory was a severe blow to our “Cold War” deterrence strength. The B-58 was a bomber that set the standard for fear in the heart of an enemy. Its loss was a strategic mistake. The author provides lessons learned and recommendations for military and civilian leaders, going forward, to hopefully prevent future blunders—like what happened to the B-58.
The Simple Path to Wealth: Your road map to financial independence and a rich, free life
J.L. Collins - 2016
You'll never find a wiser advisor with a bigger heart.” -- Malachi Rempen: Filmmaker, cartoonist, author and self-described ruffian This book grew out of a series of letters to my daughter concerning various things—mostly about money and investing—she was not yet quite ready to hear. Since money is the single most powerful tool we have for navigating this complex world we’ve created, understanding it is critical. “But Dad,” she once said, “I know money is important. I just don’t want to spend my life thinking about it.” This was eye-opening. I love this stuff. But most people have better things to do with their precious time. Bridges to build, diseases to cure, treaties to negotiate, mountains to climb, technologies to create, children to teach, businesses to run. Unfortunately, benign neglect of things financial leaves you open to the charlatans of the financial world. The people who make investing endlessly complex, because if it can be made complex it becomes more profitable for them, more expensive for us, and we are forced into their waiting arms. Here’s an important truth: Complex investments exist only to profit those who create and sell them. Not only are they more costly to the investor, they are less effective. The simple approach I created for her and present now to you, is not only easy to understand and implement, it is more powerful than any other. Together we’ll explore: Debt: Why you must avoid it and what to do if you have it. The importance of having F-you Money. How to think about money, and the unique way understanding this is key to building your wealth. Where traditional investing advice goes wrong and what actually works. What the stock market really is and how it really works. Why the stock market always goes up and why most people still lose money investing in it. How to invest in a raging bull, or bear, market. Specific investments to implement these strategies. The Wealth Building and Wealth Preservation phases of your investing life and why they are not always tied to your age. How your asset allocation is tied to those phases and how to choose it. How to simplify the sometimes confusing world of 401(k), 403(b), TSP, IRA and Roth accounts. TRFs (Target Retirement Funds), HSAs (Health Savings Accounts) and RMDs (Required Minimum Distributions). What investment firm to use and why the one I recommend is so far superior to the competition. Why you should be very cautious when engaging an investment advisor and whether you need to at all. Why and how you can be conned, and how to avoid becoming prey. Why I don’t recommend dollar cost averaging. What financial independence looks like and how to have your money support you. What the 4% rule is and how to use it to safely spend your wealth. The truth behind Social Security.
Pricing the Future: The 300-Year Quest for the Equation That Changed Wall Street
George G. Szpiro - 2011
In Pricing the Future, financial economist George G. Szpiro tells the fascinating stories of the pioneers of mathematical finance who conducted the search for the elusive options pricing formula. From the broker’s assistant who published the first mathematical explanation of financial markets to Albert Einstein and other scientists who looked for a way to explain the movement of atoms and molecules, Pricing the Future retraces the historical and intellectual developments that ultimately led to the widespread use of mathematical models to drive investment strategies on Wall Street.
Too Big to Fail: The Inside Story of How Wall Street and Washington Fought to Save the Financial System from Crisis — and Themselves
Andrew Ross Sorkin - 2009
From inside the corner office at Lehman Brothers to secret meetings in South Korea, and the corridors of Washington, Too Big to Fail is the definitive story of the most powerful men and women in finance and politics grappling with success and failure, ego and greed, and, ultimately, the fate of the world’s economy. “We’ve got to get some foam down on the runway!” a sleepless Timothy Geithner, the then-president of the Federal Reserve of New York, would tell Henry M. Paulson, the Treasury secretary, about the catastrophic crash the world’s financial system would experience. Through unprecedented access to the players involved, Too Big to Fail re-creates all the drama and turmoil, revealing neverdisclosed details and elucidating how decisions made on Wall Street over the past decade sowed the seeds of the debacle. This true story is not just a look at banks that were “too big to fail,” it is a real-life thriller with a cast of bold-faced names who themselves thought they were too big to fail.
Your Money or Your Life
Vicki Robin - 1992
Your Money or Your Life is even more relevant today than it was when the book first hit the stands, and a great publicity campaign will bring this already strong-selling book to a whole new audience.
Unshakeable: Your Financial Freedom Playbook
Anthony Robbins - 2017
There have been 30 such corrections in the past 30 years, yet there's never been an action plan for how not only to survive, but thrive through each change in the stock market. Building upon the principles in Money: Master the Game, Robbins offers the reader specific steps they can implement to protect their investments while maximizing their wealth. It's a detailed guide designed for investors, articulated in the common-sense, practical manner that the millions of loyal Robbins fans and students have come to expect and rely upon. Few have navigated the turbulence of the stock market as adeptly and successfully as Tony Robbins. His proven, consistent success over decades makes him singularly qualified to help investors (both seasoned and first-timers alike) preserve and add to their investments.
Stop Saving Start Investing: Ten Simple Rules for Effectively Investing in Funds
Jonathan Hobbs - 2017
Investing in funds is a hands-off way to build wealth over time. Avoid the stress of picking your own stocks. Let the fund managers do all the work so you can get on with more important things in life! Why invest in funds? 1. Choosing funds is easier than choosing stocks. 2. You can employ the stock picking talents of the best professional fund managers. 3. Funds hold lots of different stocks to diversify your investments. 4. Unlike with stocks, some online investment platforms won’t charge you a fee to buy or sell fund units. 5. You can buy or sell fund units on any working day of the week. 6. You can invest in funds with as little as £100 through most online investment platforms. 7. Through funds, you can own stocks that you wouldn’t normally be able to buy directly. For example, you could own a fund made up of Chinese stocks that are not directly for sale to UK citizens. This concise book covers everything you need to know to get started on the journey to financial freedom. From fundamentals, like the power of compounded investment returns, to more advanced investment techniques like Value Cost Averaging. You’ll learn how to find the right funds for your investment portfolio. The ten simple rules for effectively investing in funds will then show you how to manage your portfolio in an effective and automated way. Take control of your financial future by investing rather than saving your hard-earned money. Stop Saving Start Investing shows you how to simplify your investing without compromising on your investment returns.
The Wisdom of Finance: Discovering Humanity in the World of Risk and Return
Mihir Desai - 2017
. . the noblest and the most infamous in the world, the finest and most vulgar on earth.” The characterization of finance as deceitful, infamous, and vulgar still rings true today – particularly in the wake of the 2008 financial crisis. But, what happened to the fairest, noblest, and finest profession that de la Vega saw? De la Vega hit on an essential truth that has been forgotten: finance can be just as principled, life-affirming, and worthy as it can be fraught with questionable practices. Today, finance is shrouded in mystery for outsiders, while many insiders are uneasy with the disrepute of their profession. How can finance become more accessible and also recover its nobility? Harvard Business School professor Mihir Desai, in his “last lecture” to the graduating Harvard MBA class of 2015, took up the cause of restoring humanity to finance. With incisive wit and irony, his lecture drew upon a rich knowledge of literature, film, history, and philosophy to explain the inner workings of finance in a manner that has never been seen before. This book captures Desai’s lucid exploration of the ideas of finance as seen through the unusual prism of the humanities. Through this novel, creative approach, Desai shows that outsiders can access the underlying ideas easily and insiders can reacquaint themselves with the core humanity of their profession. The mix of finance and the humanities creates unusual pairings: Jane Austen and Anthony Trollope are guides to risk management; Jeff Koons becomes an advocate of leverage; and Mel Brooks’s The Producers teaches us about fiduciary responsibility. In Desai’s vision, the principles of finance also provide answers to critical questions in our lives. Among many surprising parallels, bankruptcy teaches us how to react to failure, the lessons of mergers apply to marriages, and the Capital Asset Pricing Model demonstrates the true value of relationships. THE WISDOM OF FINANCE is a wholly unique book, offering a refreshing new perspective on one of the world’s most complex and misunderstood professions.
A BiggerPockets Guide: How to Rent Your House
Brandon Turner - 2013
The techniques shared within this guide will walk you through the entire process, step-by-step, to get your home rented with the least amount of stress possible. From "the five initial questions you must ask yourself before getting started" to the final handing off of the keys, this guide is the definitive guide for any landlord. No matter what your background, this guide from BiggerPockets.com will help you gain the knowledge needed to successfully rent your property out to quality tenants who pay on time, won't trash the home, and will help you build your wealth.
All You Need To Know About The City (All You Need To Know Guides)
Christopher Stoakes - 2007
Product Condition: No Defects.
A Mumbai Murder Mystery
Meeti Shroff-Shah - 2021
Her pregnant best friend Sanjana’s father has killed himself.And yet, just hours before, he was telling Sanjana that he couldn’t wait to hold his grandchild in his arms. What triggered this desperate act? And why is their young maid so terrified?Radhi is determined to uncover the truth. But the deeper she digs beneath the diamond-studded prayer meetings and the lavishly catered ‘pure-veg’ brunches, the faster she finds herself drawn into a web of festering grievances, hidden agendas and long-buried secrets.Fans of Richard Osman, Victoria Dowd, Ian Moore, Vaseem Khan, Louise Penny and Shamini Flint will devour this brilliant, atmospheric murder mystery.ABOUT MEETI SHROFF-SHAHMeeti is an award-winning copywriter, content writer and mother (though no awards for this yet). When she isn’t busy writing ads that make toothpaste sound like an aphrodisiac, Meeti can be found plotting the murder of perfectly innocent people. Meeti lives with her daughter and husband in Mumbai.
Invest Like a Guru: How to Generate Higher Returns At Reduced Risk With Value Investing
Charlie Tian - 2017
Written by the man behind GuruFocus.com, this book expands on the site's value strategies and research tools to provide a primer for those exploring pathways to higher returns at lower risk. The book begins with an insightful explanation of high-quality-focused value investing concepts, then quickly moves into practical, detailed guidance on analysis, valuation, key factors, and risks to avoid. Case studies demonstrate real-world application of various analysis methods, and the discussion walks you through important calculations using real examples. Author Charlie Tian draws upon his own experiences and lessons learned to provide true insight on high-quality-focused value investing as a strategy, providing both reference and expert advice in this singularly useful guide. Warren Buffett once said, "I would rather buy good companies at fair prices than buy fair companies at good prices." That's how he built his fortune, and his method is what we now call high-quality-focused value investing. This book shows you how to determine what constitutes "good companies" and "fair prices," with practical tools for real-world application. Learn the principles and concepts of high-quality-focused value investing Understand the analysis process and valuation of prospective investments Avoid the value traps that can trigger permanent losses Study clear examples of key ratios and calculations We can't all become the next Warren Buffett, but we can boost returns while reducing risk using the right investment strategy. High-quality-focused value investing provides a path to profit, and Invest Like a Guru is the one-of-a-kind guidebook for getting on track.
Broken Leaves of Autumn: A Novel
Eli Hai - 2021
In Brooklyn, he grows an unexpected friendship with Aaron, a young ultra-orthodox Jew that helps him find a job and invites him to his home. Jeff meets Eva, a successful businesswoman, who works as a broker at the World Trade Center. When Rebecca, Aaron’s ultra-orthodox sister, falls in love with Jeff, she throws her life, and his, into a swirl.A touching and mind-opening novel that will catch your attention from the very first page.Broken Leaves of Autumn is a fascinating and many-folded love affair that takes the reader from small-town Arizona to the Ultra-Orthodox Jewish community of Brooklyn NY, and from World Trade Center “ground zero” to Israel. It is a delicate and absorbing love story which will not leave you indifferent.A sensitive and perfectly written story the holds an unexpected surprise.A young man trying to build a new life for himself while dealing with his family secrets; A beautiful young woman exiled from her community after her passion is exposed; A handsome broker, pregnant with two, caught in the World Trade Center in 9/11. All these are brilliantly and skillfully brought together into a page turning novel that will catch you by the heart.
Oaklayne, The Reconstruction
Karen Shriver - 2013
Oaklayne Plantation is in ruins, a stark reflection of the condition of a once prosperous country and her families who have been torn apart by war. Was anything gained by the deaths of so many Americans? Is all hope for restoration gone?The Reconstruction Era is an often overlooked, but politically charged time in American history. Oaklayne, The Reconstruction presents an engaging mix of heart rending tragedy, sabotage, murder, corruption and intrigue, together with humor, romance, joy, faith, hope and love. Come along with General Adam Layne as he walks the tumultuous road toward rebuilding his live, his family, his childhood home and his country in this historically accurate portrayal of a man who refuses to accept meaningless loss.