The Commodity Trading Manual looks both at futures' past, from Ancient Greece to Old Chicago, and futures' future, with updated coverage of major industry trends the rise of new and international markets, OTC derivatives, and electronic trading. Chapters end with annotated bibliographies.
A glossary, a directory of major futures exchanges world-wide, and specifications for the most actively traded futures and options contracts are also included. John C. Bogle shares his extensive insights on investing in mutual funds. Since the first edition of "Common Sense on Mutual Funds" was published in , much has changed, and no one is more aware of this than mutual fund pioneer John Bogle. Now, in this completely updated Second Edition, Bogle returns to take another critical look at the mutual fund industry and help investors navigate their way through the staggering array of investment alternatives that are available to them.
Written in a straightforward and accessible style, this reliable resource examines the fundamentals of mutual fund investing in today's turbulent market environment and offers timeless advice in building an investment portfolio. Along the way, Bogle shows you how simplicity and common sense invariably trump costly complexity, and how a low cost, broadly diversified portfolio is virtually assured of outperforming the vast majority of Wall Street professionals over the long-term. It is written by respected mutual fund industry legend John C.
It discusses the timeless fundamentals of investing that apply in any type of market. It reflects on the structural and regulatory changes in the mutual fund industry. F5 Library West. ISBN: X. JohnWiley, originallypublishedin Widely respected and admired, Philip Fisher is among the most influential investors of all time. His investment philosophies, introduced almost forty years ago, are not only studied and applied by today's finance professionals, but are also regarded by many as gospel.
He recorded these philosophies in 'Common Stocks and Uncommon Profits', a book considered invaluable reading when it was first published in , and a must-read today. S39 Library West, Pre-Order. Spanning everything from technical analysis, trading systems, and fundamental analysis to options, spreads, and practical trading principles, A Complete Guide is required reading for any trader or investor who wants to successfully navigate the futures market.
Clear, concise, and to the point, this fully revised and updated second edition provides a solid foundation in futures market basics, details key analysis and forecasting techniques, explores advanced trading concepts, and illustrates the practical application of these ideas with hundreds of market examples. A Complete Guide to the Futures Market: Details different trading and analytical approaches, including chart analysis, technical indicators and trading systems, regression analysis, and fundamental market models.
Separates misleading market myths from reality. Gives step-by-step instruction for developing and testing original trading ideas and systems. Illustrates a wide range of option strategies, and explains the trading implications of each. Details a wealth of practical trading guidelines and market insights from a recognized trading authority. Trading futures without a firm grasp of this market's realities and nuances is a recipe for losing money.
Benello; Tobias E. Carlisle Call Number: HG B Library West, On Order. Discover the secrets of the world's top concentrated value investors Concentrated Investing: Strategies of the World's Greatest Concentrated Value Investors chronicles the virtually unknown--but wildly successful--value investors who have regularly and spectacularly blown away the results of even the world's top fund managers. Sharing the insights of these top value investors, expert authors Allen Benello, Michael van Biema, and Tobias Carlisle unveil the strategies that make concentrated value investing incredibly profitable, while at the same time showing how to mitigate risk over time.
Highlighting the history and approaches of four top value investors, the authors tell the fascinating story of the investors who dare to tread where few others have, and the wildly-successful track records that have resulted. Turning the notion of diversification on its head, concentrated value investors pick a small group of undervalued stocks and hold onto them through even the lean years. The approach has been championed by Warren Buffett, the best known value investor of our time, but a small group of lesser-known investors has also used this approach to achieve outstanding returns.
Discover the success of Lou Simpson, a former GEICO investment manager and eventual successor to Warren Buffett at Berkshire Hathaway Read about Kristian Siem, described as "Norway's Warren Buffett," and the success he has had at Siem Industries Concentrated Investing will quickly have you re-thinking the conventional wisdom related to diversification and learning from the top concentrated value investors the world has never heard of.
D Library West. All stock-market investors embrace the motto "Buy low, sell high. Powerful psychological forces prevent us from pursuing a contrarian investment strategy, although it consistently beats the market, according to David Dreman, a seasoned money manager and long-time columnist for Forbes magazine. One of the Street's best-known and most articulate contrarians, Dreman has updated his investment classic, Contrarian Investment Strategies, using recent research on investor psychology.
His revised book combines proven techniques for selecting undervalued stocks with fresh insights on how to defy, and thereby profit from, the popular fears or enthusiasms of the moment. A3 C75 Library West. Every company faces credit risk. Credit derivatives are among the most powerful tools available for managing it.
Once restricted to the financial industry, they are now widely used by businesses of all kinds - and all financial professionals need to understand them. Credit Derivatives explains these tools simply, clearly, and rigorously: what they do, how they work, and how to use them. Gregoriou and Paul A. A3 C Library West. In The Credit Derivatives Handbook, some of the world's sharpest financial and legal minds come together to discuss how credit derivatives have evolved from tools restricted to the banking industry into flexible and customizable instruments used by investors of all kinds.
You will come away with the knowledge and insight needed to measure and value risk, as well as the ability to put credit derivatives to work. Over fifteen contributors provide in-depth analyses of subjects in their respective areas of expertise. Market thoughts, predictions, and insights that can't be found anywhere else. With clear and concise language, legendary investment pioneer Dean LeBaron offers guidance for investors.
Everything readers need to know about today's complex and exciting investment landscape is in this comprehensive guide to investing theory which shares the insights of thirty investment luminaries on their particular area of expertise including Mark Mobius on emerging markets, John Bogle on mutual funds, and Bill Miller on active portfolio management. G73 Library West. Recent disputes between shareholders and major corporations, including Apple and DuPont, have made headlines. But the struggle between management and those who own stock has been going on for nearly a century.
Mixing never-before-published and rare, original letters from Wall Street icons—including Benjamin Graham, Warren Buffett, Ross Perot, Carl Icahn, and Daniel Loeb—with masterful scholarship and professional insight, Dear Chairman traces the rise in shareholder activism from the s to today, and provides an invaluable and unprecedented perspective on what it means to be a public company, including how they work and who is really in control.
Jeff Gramm analyzes different eras and pivotal boardroom battles from the last century to understand the factors that have caused shareholders and management to collide. Throughout, he uses the letters to show how investors interact with directors and managers, how they think about their target companies, and how they plan to profit. Each is a fascinating example of capitalism at work told through the voices of its most colorful, influential participants. A hedge fund manager and an adjunct professor at Columbia Business School, Gramm has spent as much time evaluating CEOs and directors as he has trying to understand and value businesses.
He has seen public companies that are poorly run, and some that willfully disenfranchise their shareholders. The book is a step-by-step guide to derivative products. By distilling the complex mathematics and theory that underlie the subject, Chisholm explains derivative products in straightforward terms, focusing on applications and intuitive explanations wherever possible.
Case studies and examples of how the products are used to solve real-world problems, as well as an extensive glossary and material on the latest derivative products make this book a must have for anyone working with derivative products. U6 Z94 Library West, Forthcoming. And it distills the complexities, absurdities, and pomposities of Wall Street into plain truths and aphorisms anyone can understand.
It cuts through the fads and fakery of Wall Street and clears a safe path for investors between euphoria and despair. Staying out of financial purgatory has never been this fun. M5 ProQuest eBook. How businesses and other organizations can improve their performance by tapping the power of differences in how people think What if workforce diversity is more than simply the right thing to do in order to make society more integrated and just? What if diversity can also improve the bottom line of businesses and other organizations facing complex challenges in the knowledge economy?
It can. And The Diversity Bonus shows how and why. Scott Page, a leading thinker, writer, and speaker whose ideas and advice are sought after by corporations, nonprofits, universities, and governments around the world, makes a clear and compellingly pragmatic case for diversity and inclusion. He presents overwhelming evidence that teams that include different kinds of thinkers outperform homogenous groups on complex tasks, producing what he calls "diversity bonuses.
Page shows that various types of cognitive diversity--differences in how people perceive, encode, analyze, and organize the same information and experiences--are linked to better outcomes. He then describes how these cognitive differences are influenced by other kinds of diversity, including racial and gender differences--in other words, identity diversity. Identity diversity, therefore, can also produce bonuses.
Drawing on research in economics, psychology, computer science, and many other fields, The Diversity Bonus also tells the stories of people and organizations that have tapped the power of diversity to solve complex problems. And the book includes a challenging response from Katherine Phillips of the Columbia Business School. The result changes the way we think about diversity in the workplace--and far beyond it. A69 Library West. Why is paying for things painful? Why are we comfortable overpaying for something in the present just because we've overpaid for it in the past? We think of money as numbers, values, and amounts, but when it comes down to it, when we actually use our money, we engage our hearts more than our heads.
Emotions play a powerful role in shaping our financial behavior, often making us our own worst enemies as we try to save, access value, and spend responsibly. In Dollars and Sense, bestselling author and behavioral economist Dan Ariely teams up with financial comedian and writer Jeff Kreisler to challenge many of our most basic assumptions about the precarious relationship between our brains and our money. In doing so, they undermine many of personal finance's most sacred beliefs and explain how we can override some of our own instincts to make better financial choices.
Together Ariely and Kreisler reveal the emotional forces working against us and how we can counteract them. Mixing case studies and anecdotes with concrete advice and lessons, they cut through the unconscious fears and desires driving our worst financial instincts and teach us how to improve our money habits.
The result not only reveals the rationale behind our most head-scratching financial choices but also offers clear guidance for navigating the treacherous financial landscape of the brain. Fascinating, engaging, funny, and essential, Dollars and Sense provides the practical tools we need to understand and improve our financial choices, save and spend smarter, and ultimately live better. The Education of a Speculator by by Victor Niederhoffer. N54 Library West. We speculate on our careers, relationships, games, and investments.
Life-changing decisions hang on our ability to read and anticipate turns of events. Offering a way of thinking rather than a "system," this powerful, remarkable book shows us how to speculate and win much more than we ever thought possible. Of course, Niederhoffer's greatest fame and fortune is as an extremely successful trader, and here his tips, principles, and methods become most manifest. Niederhoffer establishes the relationship between stampeding elephants and market behavior, explores the use of musical structure as a guide to trading, and dissects the many roles of deception.
In The Education of a Speculator, charts of stock prices are followed by pictures of paintings; the advice of cops, crooks, and Nobel scientists are all juxtaposed and synthesized - all in the service of successful speculation and investment. P Library West, Forthcoming Order. Efficiently Inefficient describes the key trading strategies used by hedge funds and demystifies the secret world of active investing.
Pedersen views markets as neither perfectly efficient nor completely inefficient. Rather, they are inefficient enough that money managers can be compensated for their costs through the profits of their trading strategies and efficient enough that the profits after costs do not encourage additional active investing. Understanding how to trade in this efficiently inefficient market provides a new, engaging way to learn finance.
Pedersen analyzes how the market price of stocks and bonds can differ from the model price, leading to new perspectives on the relationship between trading results and finance theory. He explores several different areas in depth—fundamental tools for investment management, equity strategies, macro strategies, and arbitrage strategies—and he looks at such diverse topics as portfolio choice, risk management, equity valuation, and yield curve logic. Efficiently Inefficient effectively demonstrates how financial markets really work.
Malkiel and Charles D. Ellis Call Number: HG M Library West. A timeless, easy-to-read guide on life-long investment principles that can help any investor succeed. The Elements of Investing has a single-minded goal: to teach the principles of investing in the same pared-to-bone manner that Professor William Strunk Jr. The Elements of Investing hacks away at all the overtrading and over thinking so predominant in the hyperactive thought patterns of the average investor.
Malkiel and Ellis offer investors a set of simple but powerful thoughts on how to challenge Mr. Market at his own game, and win by not losing. Gregoriou Call Number: HG E53 Library West. This pioneering reference is the most authoritative source on alternative investments. Containing entries, the encyclopedia focuses on hedge funds, managed futures, commodities, and venture capital. With contributions from well-known, respected academics and professionals from around the world, it offers in-depth definitions for each entry, lists numerous tables and figures, and includes academic references.
Encyclopedia of Finance by by Cheng F. Lee and Alice C. Lee Call Number: HG E e-book SpringerLink and Business Reference. The Encyclopedia of Finance is a major new reference work covering all aspects of finance. Coverage includes finance financial management, security analysis, portfolio management, financial markets and instruments, insurance, real estate, options and futures, international finance and statistical applications in finance applications in portfolio analysis, option pricing models and financial research. The project is designed to attract both an academic and professional market.
It will also have international approach to ensure its maximum appeal. The Editors' wish is that the readers will find the encyclopedia to be an invaluable resource. An innovative new valuation framework with truly useful economic indicators The End of Accounting and the Path Forward for Investors and Managers shows how the ubiquitous financial reports have become useless in capital market decisions and lays out an actionable alternative. Based on a comprehensive, large-sample empirical analysis, this book reports financial documents' continuous deterioration in relevance to investors' decisions.
An enlightening discussion details the reasons why accounting is losing relevance in today's market, backed by numerous examples with real-world impact. Beyond simply identifying the problem, this report offers a solution'the Value Creation Report'and demonstrates its utility in key industries. New indicators focus on strategy and execution to identify and evaluate a company's true value-creating resources for a more up-to-date approach to critical investment decision-making.
While entire industries have come to rely on financial reports for vital information, these documents are flawed and insufficient when it comes to the way investors and lenders work in the current economic climate. This book demonstrates an alternative, giving you a new framework for more informed decision making.
These documents move mountains, so what happens if they're based on faulty indicators that fail to show the true value of the company? The End of Accounting and the Path Forward for Investors and Managers shows you the reality and offers a new blueprint for more accurate valuation.
Buffett; Lawrence A. The year marks the fiftieth anniversary of Berkshire Hathaway under Warren Buffett's leadership, a milestone worth commemorating. The tenure sets a record for chief executive not only in duration but in value creation and philosophizing. As the book Buffett autographs most, its popularity and longevity attest to the widespread appetite for this unique compilation of Buffett's thoughts that is at once comprehensive, non-repetitive, and digestible. New and experienced readers alike will gain an invaluable informal education by perusing this classic arrangement of Warren's best writings.
The fourth edition's new material includes: Warren's 50th anniversary retrospective, in what Bill Gates called Warren's best letter ever, on conglomerates and Berkshire's future without Buffett; Charlie Munger's 50th anniversary essay on ''The Berkshire System''; Warren's definitive defense of Berkshire's no-dividend practice; and Warren's best advice on investing, whether in apartments, farms, or businesses.
R95 Library West. Following an introductory essay that explores investment theory and stockmarket returns over the years, the A-Z covers everything from Accruals concept and Arbitrage pricing theory, through Leverage and Mark to market, all the way to Weight of money and Zero coupon bond. Useful appendices include data on stockmarket performance and investment formulas. C Library West. This currency trading book provides readers with real, practical information on how to trade the foreign exchange market effectively.
It begins by covering introductory information on the forex market, including basic trading mechanics and the benefits of forex trading, and then goes on to describe specific currency trading methods and skills in step-by-step detail. This includes highly practical information on technical and fundamental analysis, risk and money management, and powerful forex trading strategies. These strategies have proven extremely effective in helping traders play the forex game to win. L62 e-book MyiLbrary. A comprehensive history of the evolution of technical analysis from ancient times to the Internet age Whether driven by mass psychology, fear or greed of investors, the forces of supply and demand, or a combination, technical analysis has flourished for thousands of years on the outskirts of the financial establishment.
Lo details how the charting of past stock prices for the purpose of identifying trends, patterns, strength, and cycles within market data has allowed traders to make informed investment decisions based in logic, rather than on luck. The book reveals the origins of technical analysis, compares and contrasts the Eastern practices of China and Japan to Western methods and details the contributions of pioneers such as Charles Dow, Munehisa Homma, Humphrey B.
Neill, and William D. The Evolution of Technical Analysis explores the fascinating history of technical analysis, tracing where technical analysts failed, how they succeeded, and what it all means for today's traders and investors. F56 Library West. Financial Behavior: Players, Services, Products, and Markets provides a synthesis of the theoretical and empirical literature on the financial behavior of major stakeholders, financial services, investment products, and financial markets.
The book offers a different way of looking at financialand emotional well-being and processing beliefs, emotions, and behaviors related to money. The book provides important insights about cognitive and emotional biases that influence various financial decision-makers, services, products, and markets. With diverse concepts and topics, the book bringstogether noted scholars and practitioners so readers can gain an in-depth understanding about this topic from experts from around the world.
In today's financial setting, the discipline of behavioral finance is an ever-changing area that continues to evolve at a rapid pace. This book takes readers through the core topics and issues as well as the latest trends, cutting-edge research developments, and real-world situations. Additionally,discussion of research on various cognitive and emotional issues is covered throughout the book. Thus, this volume covers a breadth of content from theoretical to practical, while attempting to offer a useful balance of detailed and user-friendly coverage.
Those interested in a broad survey willbenefit as will those searching for more in-depth presentations of specific areas within this field of study. As the seventh book in the Financial Markets and Investment Series, Financial Behavior: Players, Services, Products, and Markets offers a fresh looks at the fascinating area of financialbehavior. Mulford and Eugene E. Comiskey Call Number: HF B2 M75 Library West. So much for the notion 'those who can, do-those who can't, teach.
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. Financial Shenanigans by by Howard Mark Schilit. Call Number: HF B2 S Library West. Techniques to uncover and avoid accounting frauds and scams Inflated profits It presents tools that anyone who is potentially affected by misleading business valuations - from investors and lenders to managers and auditors - can use to research and read financial reports, and to identify early warning signs of a company's problems.
A bestseller in its first edition, "Financial Shenanigans" has been thoroughly updated for today's marketplace. New chapters, data, and research reveal contemporary "shenanigans" that have been known to fool even veteran researchers. Financial Statement Analysis by Martin S. An updated guide to the essential discipline of financial statement analysis In Financial Statement Analysis, Fourth Edition, leading investment authority Martin Fridson returns with Fernando Alvarez to provide the analytical framework you need to scrutinize financial statements, whether you're evaluating a company's stock price or determining valuations for a merger or acquisition.
This fully revised and up-to-date Fourth Edition offers fresh information that will help you to evaluate financial statements in today's volatile markets and uncertain economy, and allow you to get past the sometimes biased portrait of a company's performance. Reflects changes in the financial reporting landscape, including issues related to the financial crisis of Provides guidelines on how to interpret balance sheets, income statements, and cash flow statements Offers information for maximizing the accuracy of forecasts and a structured approach to credit and equity evaluation Filled with real-life examples and expert advice, Financial Statement Analysis, Fourth Edition will help you gain a firm understanding of the techniques that will help you interpret financial statements, which are designed to conceal more than reveal.
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Flash Boys is about a small group of Wall Street guys who figure out that the U. They come to this realization separately; but after they discover one another, the flash boys band together and set out to reform the financial markets. They create an exchange in which high-frequency trading--source of the most intractable problems--will have no advantage whatsoever. The characters in Flash Boys are each completely different from what you think of when you think "Wall Street guy.
From their new vantage point they investigate the big banks, the world's stock exchanges, and high-frequency trading firms and expose the many strange new ways that Wall Street generates profits. The light that Lewis shines into the darkest corners of the financial world may not be good for your blood pressure, because if you have any contact with the market, even a retirement account, this story is happening to you. But in the end, Flash Boys is an uplifting read. Here are people who have somehow preserved a moral sense in an environment where you don't get paid for that; they have perceived an institutionalized injustice and are willing to go to war to fix it.
T Library West. Luck in trading, business, and life. This book is about luck, that single most important factor in everything. It tells how we perceive and deal with luck and how we filter the mass of information that is thrown at us daily, to understand what is important and what is the result of pure chance.
The Handbook of Credit Portfolio Management
Fooled by Randomness delves into the reality of the lucky fool being in the "right place at the right time", and is set around the greatest forum for investigating the misconception of chance perceived as skill -- the world of trading and derivatives. Written in an accessible and entertaining manner, Taleb combines personal trading experiences, with details and examples from a multidisciplinary array of topics -- ancient history, classical literature, philosophy, mathematics, and science. P68 Library West. In two Bell Labs scientists discovered the scientific formula for getting rich.
One was mathematician Claude Shannon, neurotic father of our digital age, whose genius is ranked with Einstein's. The other was John L. Kelly Jr. Together they applied the science of information theory-the basis of computers and the Internet-to the problem of making as much money as possible, as fast as possible. Thorp took the "Kelly formula" to Las Vegas. It worked. They realized that there was even more money to be made in the stock market. Thorp used the Kelly system with his phenomenally successful hedge fund, Princeton-Newport Partners.
Shannon became a successful investor, too, topping even Warren Buffett's rate of return. Fortune's Formula traces how the Kelly formula sparked controversy even as it made fortunes at racetracks, casinos, and trading desks. It reveals the dark side of this alluring scheme, which is founded on exploiting an insider's edge. Shannon believed it was possible for a smart investor to beat the market-and Fortune's Formula will convince you that he was right. William Poundstone is the bestselling author of nine nonfiction books, including Labyrinths of Reason and The Recursive Universe.
Poundstone comes across as the best college professor you ever had, someone who can turn almost any technical topic into an entertaining and zesty lecture. W55 Library West. Regulatory changes have rewritten the trading rules; the emphasis has changed from grains and metals to financial instruments, such as Treasury bonds and foreign currencies; computers and the Internet have made the dissemination and digestion of information widespread and immediate; and commission rates have fallen significantly, benefiting both hedgers and speculators.
The Futures game, Third Edition, helps traders prepare for trading today and well into the 21st century. This revised and updated edition of the classic futures traders' guidebook provides valuable accurate knowledge of today's important markets. The Futures Game: Who Wins? Who Loses? Edited by Ben Warwick. T45 Library West. Solnik and Dennis W. S52 Library West. Global Investments, the Sixth Edition of the previously titled International Investments, provides accessible coverage of international capital markets using numerous examples to illustrate the applications of concepts and theories.
The new title reflects the current understanding that the distinction between domestic and international is no longer relevant and that asset management is global. M43 Library West. This history of the global securities market is the product of over 30 years of research by one of the world's foremost financial historians. It covers all aspects of the history of the securities markets from its beginnings in Medieval Venice through Amsterdam and London to its operations in Tokyo and New York today. H Library West.
Fortunes have been made, and this has kicked off an unprecedented gold-mining and prospective boom around the world. In this book Matthew Hart takes readers on a journey around the world and through history to tell the story of how gold became the world's most precious commodity, the highlights of its dramatic, tempestuous history, and the behind-the-scenes intrigue of the current boom.
He ends this controversial rollercoaster story by revealing what the experts are saying about the profound changes underway in the gold market and the prospects for the future. Call Number: This work examines the 'gold-rush fantasy' in American psychology and describes its dire consequences. The Florida land boom, the operations of Insull, Kreuger and Hatry, and the Shandoah Corporation all come together in Galbraith's study of concerted human greed and folly. Reviewing Galbraith's classic examination of the financial collapse, The Atlantic Monthly said, "Economic writings are seldom notable for their entertainment value, but this book is.
Galbraith's prose has grace and wit, and he distills a good deal of sardonic fun from the whopping errors of the nation's oracles and the wondrous antics of the financial community. Guide to Financial Markets by by Marc Levinson. This is the definitive guide explaining why different financial markets exist and how they operate. The world's markets play a hugely important role in the modern economy and globalization of these markets continues apace.
Electronic trading has led to exponential year by year growth in trading on the money and foreign exchange markets. And billions of dollars' worth of derivatives in all kinds of new and fancy—and often almost incomprehensible—forms are created and sold daily. Stock markets have bubbled and burst, proving that their performance can never be taken for granted and giving the bond market a fillip.
This book provides a brilliantly clear guide to this complex world that even those who work in it often find hard to understand. With chapters on the markets that deal in money, foreign exchange, equities, bonds, commodities, financial futures, options, and other derivatives, it looks at why these markets exist, how they work and who trades in them, and it gives a rundown of the factors that affect prices and rates.
C56 Library West. This book gives a thorough but concise overview of the hedge fund industry, its significance, and its major players. Accessible to anyone interested in finding out more about hedge funds. With detailed analysis supported by data and anecdotes drawn from investment experiences, this practical guide emphasizes the importance of basing recommendations for investment strategy on the principles of traditional finance. A58x Library West. The Handbook of Alternative Assets merges the data and strategies of four key alternative asset classes into one handy guide for the serious investor.
This concise handbook classifies four types of alternative assets: hedge funds, commodity and managed futures, private equity, and credit derivatives, and shows you how these assets can be used to hedge and expand any portfolio. Organized by sections - one for each alternative asset class - the Handbook of Alternative Assets explores four of the major alternative asset classes in detail, while providing expert advice along the way. Call Number: HD Skillfully written by John McMahan, a leader of the U.
F33 Library West. Filled with a comprehensive collection of information from experts in the commodity investment industry, this detailed guide shows readers how to successfully incorporate commodities into their portfolios. Created with both the professional and individual investor in mind, The Handbook of Commodity Investments covers a wide range of issues, including the risk and return of commodities, diversification benefits, risk management, macroeconomic determinants of commodity investments, and commodity trading advisors.
Starting with the basics of commodity investments and moving to more complex topics, such as performance measurement, asset pricing, and value at risk, The Handbook of Commodity Investments is a reliable resource for anyone who needs to understand this dynamic market. Handbook of Finance by Edited by Frank J. Fabozzi Call Number: HG ISBN: The Handbook of Finance is a comprehensive 3-Volume Set that covers both established and cutting-edge theories and developments in finance and investing.
Edited by Frank Fabozzi, this set includes valuable insights from global financial experts as well as academics with extensive experience in this field. I: Financial Markets and Instruments; Vol. Fabozzi and Steven V. The Handbook of Fixed Income Securities, Seventh Edition, equips you with a comprehensive overview of all fixed income securities and strategies and continues to be the investment industry's most accessible and all-inclusive resource.
Invaluable for its theoretical insights, unsurpassed in its hands-on guidance, and unequalled in the expertise and authority of its contributors, this concise, complete explanation of fixed income securities and applications remains the one fixed income reference to have within reach at all times. L e-book Books 24x7. This book features up-to-date regulatory and historical information, new case studies and trade examples, detailed analyses of investment strategies, discussions of hedge fund indices and databases, and tips on portfolio construction.
J27 Library West. What's more, most of them have no idea just how massive that difference actually is. But, there's reason for hope-Investing is a winner's game with excellent long-term odds once you stop shooting yourself in the foot. Since leaving his job as a top-rated stock analyst to become an investing columnist, Spencer Jakab has watched his readers-and his family, friends, and colleagues-make the same mistakes again and again. He looks at all the typical advice, from the clearly risky to the seemingly safe, to show you how various strategies are undermining even the savviest investor's returns.
The paths that lead to a seven figure nest egg are surprisingly few, but he reveals reliable strategies that can multiply a typical retirement saver's nest egg fourfold or more. Jakab combines wise storytelling with a knack for doing the math on complicated ideas to explain why you shouldn't buy Apple, care about tomorrow's big IPO, or even try to act on the belief that a recession is around the corner. He also explains why you should never trust a World Cup predicting octopus and why you shouldn't invest in companies with an X or Z in their names - information more useful than it sounds, and every bit as fun.
H27 MyiLibrary. Fascinating insights into the hedge fund traders who consistently outperform the markets, in their own words From bestselling author, investment expert, and Wall Street theoretician Jack Schwager comes a behind-the-scenes look at the world of hedge funds, from fifteen traders who've consistently beaten the markets. Exploring what makes a great trader a great trader, Hedge Fund Market Wizards breaks new ground, giving readers rare insight into the trading philosophy and successful methods employed by some of the most profitable individuals in the hedge fund business.
Presents exclusive interviews with fifteen of the most successful hedge fund traders and what they've learned over the course of their careers Includes interviews with Jamie Mai, Joel Greenblatt, Michael Platt, Ray Dalio, Colm O? Shea, Ed Thorp, and many more Explains forty key lessons for traders Joins Stock Market Wizards, New Market Wizards, and Market Wizards as the fourth installment of investment guru Jack Schwager's acclaimed bestselling series of interviews with stock market experts A candid assessment of each trader's successes and failures, in their own words, the book shows readers what they can learn from each, and also outlines forty essential lessons'from finding a trading method that fits an investor's personality to learning to appreciate the value of diversification'that investment professionals everywhere can apply in their own careers.
Bringing together the wisdom of the true masters of the markets, Hedge Fund Market Wizards is a collection of timeless insights into what it takes to trade in the hedge fund world. L23 e-book Books 24x7 and Library West. Although hedge fund managers have earned some great fortunes, investors as a group have done quite poorly, particularly in recent years. Plagued by high fees, complex legal structures, poor disclosure, and return chasing, investors confront surprisingly meager results.
Drawing on an insider's view of industry growth during the s, a time when hedge fund investors did well in part because there were relatively few of them, The Hedge Fund Mirage chronicles the early days of hedge fund investing before institutions got into the game and goes on to describe the seeding business, a specialized area in which investors provide venture capital-type funding to promising but undiscovered hedge funds.
Today's investors need to do better, and this book highlights the many subtle and not-so-subtle ways that the returns and risks are biased in favor of the hedge fund manager, and how investors and allocators can redress the imbalance. Hedge fund investors have had it hard in recent years, but The Hedge Fund Mirage is here to change that, by turning the tables on conventional wisdom and putting the hedge fund investor back on top.
L59 Library West. The hedge fund industry has grown dramatically over the last two decades, with more than eight thousand funds now controlling close to two trillion dollars. Originally intended for the wealthy, these private investments have now attracted a much broader following that includes pension funds and retail investors.
Because hedge funds are largely unregulated and shrouded in secrecy, they have developed a mystique and allure that can beguile even the most experienced investor. In Hedge Funds, Andrew Lo—one of the world's most respected financial economists—addresses the pressing need for a systematic framework for managing hedge fund investments. Arguing that hedge funds have very different risk and return characteristics than traditional investments, Lo constructs new tools for analyzing their dynamics, including measures of illiquidity exposure and performance smoothing, linear and nonlinear risk models that capture alternative betas, econometric models of hedge fund failure rates, and integrated investment processes for alternative investments.
Dreyfuss Call Number: HG D73 Library West. A few weeks later, it completely collapsed. The disaster was largely triggered by one hotshot trader. Meticulously researched and character-driven, this riveting fly-on-the-wall account details its collapse, the largest in history. Lo and Jasmina Hasanhodzic. L52 Library West. This book provides extraordinary insight into both the art of technical analysis and the character of the successful trader.
Lo and researcher Jasmina Hasanhodzic interviewed thirteen highly successful, award-winning market professionals who credit their substantial achievements to technical analysis. Together, these lively and candid interviews tell the story of technical analysis in the words of the people who know it best.
The first half of the book focuses on the technicians' careers: how and why they learned technical analysis, what market conditions increase their chances of making mistakes, what their average workday is like, to what extent trading controls their lives, whether they work on their own or with a team, and how their style of technical analysis is unique.
The second half concentrates on technical analysis and addresses questions such as the following. Did the lack of validation by academics ever cause you to doubt technical analysis? Can technical analysis be applied to other disciplines? How do you prove the validity of the method? How has computer software influenced the craft?
What is the role of luck in technical analysis? Are there laws that underlie market action? What traits characterize a highly successful trader? How do you test patterns before you start using them with real money? Interviewees include: Ralph J. Acampora, Laszlo Birinyi Jr. Desmond, Gail M. Dudack, Robert J. Murphy, Robert R. Prechter Jr.
Shaw, Anthony W. Tabell, Stan Weinstein. H6 Library West. Despite the paucity of data prior to the Industrial Revolution, authors Homer and Sylla provide a highly detailed analysis of money markets and borrowing practices in major economies. Underlying the analysis is their assertion that "the free market long-term rates of interest for any industrial nation, properly charted, provide a sort of fever chart of the economic and political health of that nation. Gain more insight into this assertion by ordering a copy of this book today.
N39 Library West, On Order. In this absorbing, smart, and accessible blend of economic and cultural history, Scott Nations, a longtime trader, financial engineer, and CNBC contributor, takes us on a journey through the five significant stock market crashes in the past century to reveal how they defined the United States today The Panic of When the Knickerbocker Trust Company failed, after a brazen attempt to manipulate the stock market led to a disastrous run on the banks, the Dow lost nearly half its value in weeks. Only billionaire J. Morgan was able to save the stock market. Black Tuesday : As the newly created Federal Reserve System repeatedly adjusted interest rates in all the wrong ways, investment trusts, the darlings of that decade, became the catalyst that caused the bubble to burst, and the Dow fell dramatically, leading swiftly to the Great Depression.
Black Monday : When "portfolio insurance," a new tool meant to protect investments, instead led to increased losses, and corporate raiders drove stock prices above their real values, the Dow dropped an astonishing The Great Recession : As homeowners began defaulting on mortgages, investment portfolios that contained them collapsed, bringing the nation's largest banks, much of the economy, and the stock market down with them.
The Flash Crash : When one investment manager, using a runaway computer algorithm that was dangerously unstable and poorly understood, reacted to the economic turmoil in Greece, the stock market took an unprecedentedly sudden plunge, with the Dow shedding The stories behind the great crashes are filled with drama, human foibles, and heroic rescues.
Taken together they tell the larger story of a nation reaching enormous heights of financial power while experiencing precipitous dips that alter and reset a market where millions of Americans invest their savings, and on which they depend for their futures. Scott Nations vividly shows how each of these major crashes played a role in America's political and cultural fabric, each providing painful lessons that have strengthened us and helped us to build the nation we know today.
A History of the United States in Five Crashes clearly and compellingly illustrates the connections between these major financial collapses and examines the solid, clear-cut lessons they offer for preventing the next one. A successful Wall Street trader turned Cambridge neuroscientist reveals the biology of boom and bust and how risk taking transforms our body chemistry, driving us to extremes of euphoria and risky behavior or stress and depression The laws of financial boom and bust, it turns out, have more than a little to do with male hormones.
In a series of groundbreaking experiments, Dr. John Coates identified a feedback loop between testosterone and success that dramatically lowers the fear of risk in men, especially younger men—significantly, the fear of risk is not reduced in women. Similarly, intense failure leads to a rise in levels of cortisol, the antitestosterone hormone that lowers the appetite for risk across an entire spectrum of decisions. Before he became a world-class neuroscientist, Coates ran a derivatives desk in New York. As a successful trader on Wall Street, "the hour between dog and wolf" was the moment traders transformed-they would become revved up, exuberant risk takers, when flying high, or tentative, risk-averse creatures, when cowering from their losses.mylistinggh.com/wp-content/snohomish/dygir-couples-dating-sites.php
The Handbook of Credit Portfolio Management
Coates understood instinctively that these dispositions were driven by body chemistry—and then he proved it. The Hour Between Dog and Wolfexpands on Coates's own research to offer lessons from the entire exploding new field—the biology of risk. Though Coates's research concentrates on traders, his conclusions shed light on all types of high-pressure decision making-from the sports field to the battlefield. The Hour Between Dog and Wolfleaves us with a powerful recognition: To handle risk in a "highly evolved" way isn't a matter of mind over body; it's a matter of mind and body working together.
We all have it in us to be transformed from dog into wolf; the only question is whether we can understand the causes and the consequences. Lindsey and Barry Schachter. A2 H69 Library West. As the greater volatility of current financial markets has driven investors to seek shelter from increasing uncertainty, the quant revolution has given people the opportunity to avoid unwanted financial risk by literally trading it away, or more specifically, paying someone else to take on the unwanted risk.
D84 Library West. Trading floors have always fascinated people, but few understand the role they play in the world of finance today. Though markets rise and fall every day, the drivers of those are rarely explored. Those who understand the dynamics of trading floors will better understand the dynamics of global financial markets. This book reveals the key players on the floor, their roles and responsibilities, how they serve their clients, and how it all impacts the markets. It also explains important terminology, explains the world of trading both cash and derivatives, and much more.
Tracy Call Number: HF B2 T e-book netLibrary and Library West. Hidden somewhere among all the numbers in a financial report is vitally important information about where a company has been and where it is going. This is especially relevant in light of the current corporate scandals. The sixth edition of this bestselling book is designed to help anyone who works with financial reports--but has neither the time nor the need for an in-depth knowledge of accounting--cut through the maze of accounting information to find out what those numbers really mean.
L36 Library West, On Order.
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With characteristic wit and candor, Lanchester reveals how the world of finance really works: from the terms and conditions of your personal checking account to the evasions of bankers appearing in front of Congress. A primer, a polemic, and a reference book, How to Speak Money makes economics understandable to anyone. You know more than you think you do. Swedroe; Andrew L. Alpha still exists! But that doesn't mean it is easy to find, or even worth the pursuit.
Larry Swedroe, author of the bestselling series of "The Only Guide" investment books, and co-author Andrew Berkin bring you the quantitatively chilling tale of "The Incredible Shrinking Alpha. Swedroe and Berkin explain in academic yet simple terms what is happening to the alpha for which so many investors yearn. Offering compelling data from decades of academic research, Swedroe and Berkin present the hard truth as they know it - it's not worth the time or effort spent battling to win those few extra cake crumbs. Instead, focus on the things you can control and discover what life has to offer beyond the quest for alpha.
It revisits a number of discussions from the first edition, shedding new light on some of today's most pressing issues, including risk, dispersion, market impact, and performance analysis, while providing empirical evidence where appropriate. The result is an updated, comprehensive set of strategic concepts and rules of thumb for guiding the process of-and increasing the profits from-active investment management. Get A Copy.
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This book is not yet featured on Listopia. Community Reviews. Showing Rating details. More filters. Sort order. Mar 02, Robert Muller rated it really liked it. If you're an investing professional, you should already know about this book, whether you use it or not. It's a highly quantitative read that will make your undergraduate math courses valuable, literally.
It may not make you rich, and it may not make the people you invest for rich, but you will at least understand why or why not after understanding the math. If you're interested in how indexes benchmarks are constructed for specific purposes, this is the book. If you're interested in serious m If you're an investing professional, you should already know about this book, whether you use it or not.
If you're interested in serious measures of investment skill and performance, ditto. Do be prepared for a lot of linear algebra and calculus and probability theory, though. Oct 21, Victor rated it did not like it Shelves: finance-quantitative , trading , portfolio-management. I read this book because it was recommended for Coursera course: Computational Investment I. It was my first book on Portfolio Management, although it has very good ratings on goodreads and amazon, I surprisingly found this book rather obscure and not-easy-to-follow.
The book tries to do a mathematical approach to portfolio management, but mathematical formulas come out of the blue, with no previous explanation or justification. The level of math required is not a big deal, it is just that formul I read this book because it was recommended for Coursera course: Computational Investment I.
The level of math required is not a big deal, it is just that formulas are completely unexplained. Since the book is so well rated by many other readers, I guess this is not an introductory course for first-timers. Jan 12, Clare rated it it was amazing Shelves: non-fiction , finance , textbook , work-bookshelf , risk.
A reference classic, and surprisingly well written. I refer to it weekly at work. Aug 21, InvestingByTheBooks. Academic financial text books have, to a large extent, focused on beta and the so called efficient market. Active Portfolio Management was groundbreaking when it was first published in as instead it was devoted to the practical process of generating alpha from a quantative angle. Richard Grinold and Ronald Kahn, today retired and at BlackRock respectively, share a history in academia, at BARRA and above all at the quant behemoth Barclays Global Investors where they both held leading positio Academic financial text books have, to a large extent, focused on beta and the so called efficient market.
Richard Grinold and Ronald Kahn, today retired and at BlackRock respectively, share a history in academia, at BARRA and above all at the quant behemoth Barclays Global Investors where they both held leading positions while writing this book. Even though the book is full of financial theory the approach is practical. The topic at hand is the generation of risk adjusted relative returns. The market returns are always the baseline and success is measured by the IR the ratio of residual return to residual variance rather than an academic Sharpe ratio.
Yet, over the years I find myself returning to the key concepts of the book over and over again. It states that there are two sources of oportunities to increase the information ratio. Active asset management is all about forecasting. The second source of IR is breadth — the number of independent active oportunities per year the PM have to use his skill on. IC is about the quality of investment opportunities while BR is about the quantity of investment opportunities through coverage of more securities or a higher frequency of opportunities.
It is for example more valuable to be able to forecast the returns of stocks than stocks. To increase the IR from 0,5 to 1,0 one would need to double skill, increase breadth by a factor of four or some combination of the two. This additive value of further breadth requires investment opportunities to be totally uncorrelated this favours an eclectic investment style. If a new opportunity is fully correlated to a previous one it adds no IR. Most opportunities fall somewhere in between.
Often the asset management process focuses excessively on the quality of bets versus the quantity. The concept of breadth emphasizes the negative secondary effects that come with placing limits on an investment process with an edge. Limiting yourself to being long only lowers IR. Placing restrictions on the amount of cash in the portfolio lowers IR, so does demanding sector neutrality in an equity portfolio etc.
Jul 19, Isuru Daulagala rated it really liked it. A good introductory book about quantitative portfolio management which is also mathematically rigorous. Apr 15, Yifang Liu rated it really liked it Shelves: investment. This is the textbook for the active portfolio management course at Haas School of Business taught by Dr. Ronald Kahn, the author of the book. It is more like an encyclopedia, and not an easy reading for business people: it is definitely not rhetoric.