Business, Finance & Law Books
Basic Books Too Big to Know
Book SynopsisWith the advent of the Internet and the limitless information it contains, we''re less sure about what we know, who knows what, or even what it means to know at all. And yet, human knowledge has recently grown in previously unimaginable ways and in inconceivable directions. In Too Big to Know , David Weinberger explains that, rather than a systemic collapse, the Internet era represents a fundamental change in the methods we have for understanding the world around us. With examples from history, politics, business, philosophy, and science, Too Big to Know describes how the very foundations of knowledge have been overturned, and what this revolution means for our future.Trade ReviewMarc Benioff, chairman, CEO salesforce.com, bestselling author of Behind the Cloud "Led by the Internet, knowledge is now social, mobile, and open. Weinberger shows how to unlock the benefits." John Seely Brown, co-author of The Social Life of Information and A New Culture of Learning "Too Big to Know is a stunning and profound book on how our concept of knowledge is changing in the age of the Net. It honors the traditional social practices of knowing, where genres stay fixed, and provides a graceful way of understanding new strategies for knowing in today's rapidly evolving, networked world. I couldn't put this book down. It is a true tour-de-force written in a delightful way." Daniel H. Pink, author of Drive and A Whole New Mind "With this insightful book, David Weinberger cements his status as one of the most important thinkers of the digital age. If you want to understand what it means to live in a world awash in information, Too Big to Know is the guide you've been looking for." Tony Burgess, Cofounder, CompanyCommand.com "David Weinberger's Too Big to Know is an inspiring read--especially for networked leaders who already believe that the knowledge to change the world is living and active, personal, and vastly interconnected. If, as David writes, 'Knowledge is becoming inextricable from--literally unthinkable without--the network that enables it' our great task as leaders is to design networks for the greater good. David casts the vision and gives us excellent examples of what that looks like in action, even as he warns us of the pitfalls that await us."
£19.10
John Wiley & Sons Inc Marketing the Professional Services Firm
Book SynopsisProfessional services are estimated to be worth up to $700 billion worldwide, but as the market matures there is an urgent need for new marketing thinking for global players or small businesses alike. This book applies the core principles of strategic marketing to professional services for the first time, in an approach that is at once accessible and compelling. With case studies from a range of companies including J. Walter Thompson, market research companies, the ?big four? accounting firms, Headhunters, Interbrand and large US legal firms, it is intended to become the definitive book for effective strategic marketing in professional services.Trade Review"...for inspiration and insight, read Marketing the Professional Services Firm..." (The Entrepreneur, Vol 33 (9) September 2005) "...An invaluable read..." (The Marketer (CIM), Feb 06)Table of ContentsForeword ix Acknowledgements xi About the Author xiii Introduction: Setting the scene 1 Part I Strategic Issues 33 1 Growth strategies 35 2 Gaining market perspective 55 3 Client segmentation 79 4 Creating and managing a professional services brand 95 5 Competitive strategy 123 6 Handling international operations and cultural differences 139 Part II Making Marketing and Business Development Work 157 7 The organisation and management of marketing in professional services firms 159 8 Personal business generation 197 9 Creating or relaunching services 225 10 Communicating with markets 263 11 Client service 295 12 Marketing and human capital 319 Part III The Marketer’s Tool Kit 335 References 405 Index 409
£32.29
John Wiley & Sons Inc Commodities and Commodity Derivatives
Book SynopsisThe last few years have been a watershed for the commodities, cash and derivatives industry. New regulations and products have led to an explosion in the commodities markets, creating a new asset for investors that includes hedge funds as well as University endowments, and has resulted in a spectacular growth in spot and derivative trading.Trade Review"...expect to see this book become the bible of the field..." (Short Book Review, June 2006)Table of ContentsForeword by Nassim Nicholas Taleb xi Preface xv Acknowledgements xix 1 Fundamentals of Commodity Spot and Futures Markets: Instruments, Exchanges and Strategies 1 1.1 The importance of commodity spot trading 1 1.2 Forward and Futures contracts 4 1.3 The actors in Futures markets 6 1.4 The structure of Futures markets 9 1.5 Shipping and freight: Spot and forward markets 16 1.6 Volume, liquidity and open interest in Futures markets 19 2 Equilibrium Relationships between Spot Prices and Forward Prices 23 2.1 Price discovery in Futures markets 23 2.2 Theory of storage, inventory and convenience yield 24 2.3 Scarcity, reserves and price volatility 28 2.4 Futures prices and expectations of future spot prices 31 2.5 Spot–forward relationship in commodity markets under no-arbitrage 35 2.6 Price of a Futures contract and market value of a Futures position 39 2.7 Relationship between forward and Futures prices 42 2.8 The benefits of indexes in commodity markets 45 3 Stochastic Modeling of Commodity Price Processes 49 3.1 Randomness and commodity prices 49 3.2 The distribution of commodity prices and their first four moments 52 3.3 The geometric Brownian motion as a central model in finance 60 3.4 Mean-reversion in financial modeling: From interest rates to commodities 64 3.5 Introducing stochastic volatility and jumps in price trajectories 68 3.6 State variable models for commodity prices 69 3.7 Commodity forward curve dynamics 71 4 Plain-vanilla Option Pricing and Hedging: From Stocks to Commodities 75 4.1 General definitions 75 4.2 Classical strategies involving European calls and puts 78 4.3 Put–call parity 81 4.4 Valuation of European calls: The Black–Scholes formula and the Greeks 83 4.5 Merton (1973) formula and its application to options on commodity spot prices 90 4.6 Options on commodity spot prices 92 4.7 Options on commodity Futures and the Black (1976) formula 93 5 Risk-neutral Valuation of Plain-vanilla Options 95 5.1 Second proof of the Black–Scholes–Merton formula 95 5.2 Risk-neutral dynamics of commodity prices 98 5.3 Commodity Futures dynamics under the pricing measure 99 5.4 Implied volatility in equity options and leverage effect 101 5.5 Implied volatility in energy option prices and inverse leverage effect 105 5.6 Binomial trees and option pricing 109 5.7 Introducing stochastic interest rates in the valuation of commodity options 117 6 Monte Carlo Simulations and Analytical Formulae for Asian, Barrier and Quanto Options 123 6.1 Monte Carlo methods for European options 123 6.2 Asian (arithmetic average) options as key instruments in commodity markets 127 6.3 Trading the shape of the forward curve through floating strike Asian options 135 6.4 Barrier options 135 6.5 Commodity quanto options 138 7 Agricultural Commodity Markets 143 7.1 Introduction 143 7.2 The grain markets 144 7.3 Soft commodities: Coffee, cotton and sugar 153 7.4 Citrus and orange juice 158 7.5 Livestock markets 160 7.6 Technical analysis in agricultural commodity markets 161 8 The Structure of Metal Markets and Metal Prices 169 8.1 Introduction 169 8.2 About metals 169 8.3 Overview of metal markets and their operation 171 8.4 Characterizing general price movements 175 8.5 Characterizing metal price movements 176 8.6 Conclusion 200 9 The Oil Market as a World Market 201 9.1 Why oil is traded and its relationship with worldwide energy prices 201 9.2 Crude oil markets 203 9.3 Refined products markets 217 9.4 Conclusion 224 10 The Gas Market as the Energy Market of the Next Decades 227 10.1 The world gas outlook 227 10.2 The gas-producing countries 231 10.3 Gas spot markets 233 10.4 Natural gas Futures and options 240 10.5 The growing interest in LNG 246 11 Spot and Forward Electricity Markets 251 11.1 Introduction 251 11.2 Structure of the electricity industry: From vertically integrated utilities to unbundling and restructured oligopolies 252 11.3 Spot power markets and issues in market design 254 11.4 The adjustment market and reserves capacity 266 11.5 Electricity derivatives markets 269 11.6 Modeling electricity spot prices: From mean-reversion and jump-diffusion to jump-reversion 276 12 Commodity Swaptions, Swing Contracts and Real Options in the Energy Industry 283 12.1 Commodity swap and swaptions 283 12.2 Exchange options 286 12.3 Commodity spread options 287 12.4 Options involving optimal strategies: American, swing and take-or-pay contracts 294 12.5 Discounted cash flows versus real options for the valuation of physical assets: The example of a fuel-fired plant 298 12.6 Valuation of a gas storage facility 304 13 Coal, Emissions and Weather 309 13.1 The coal market 309 13.2 Emissions 320 13.3 Weather and commodity markets 325 14 Commodities as a New Asset Class 333 14.1 Introduction 333 14.2 The different ways of investing in commodities 336 14.3 Commodity indexes and commodity-related funds 339 14.4 Conclusion 357 Appendix: Glossary 359 References 375 Index 381
£84.55
John Wiley & Sons Inc The Employer Brand
Book SynopsisLevels of ''employer brand awareness'' are rising fast across Europe, North America and Asia-Pacific, as leading companies realise that skilled, motivated employees are as vital to their commercial success as profitable customers and apply the principles of branding to their own organization. Starting with a review of the pressures which have generated current interest in employer branding, this definitive book goes on to look at the historical roots of brand management and the practical steps necessary to achieve employer brand management success - including the business case, research, positioning, implementation, management and measurement. Case studies of big-name employer brand stories include Tesco, Wal-Mart, British Airways and Prêt a Manger.Trade Review"...This is not just an eloquent brand management and marketing text but one of the wisest management books in the past five years." (Independent on Sunday, 20th November 2005) "...the authors offer an intellectual framework, a fresh focus and a stimulating guide...this book is an impressive wake-up call..." (People Management, 10th November 2005) "...packed with insight and alarming statistics, it will also prove a great tool for any HR professional..." (Strategic HR Review, 1st November 2005) "...useful for HR professionals, managers interested in bringing the concept of 'living the brand' to the company, and graduates seeking guidance on the kind of company to work for." (The Marketer (CIM), Jan 06) "...provides inspirational insights into the rationale for employer brand management." (Personnel Today, 17th Jan 06) "...easy to read and very useful as it contains great case studies and useful tips on how to build coherent brand framework from the start." (Personnel Today, April 2006) "...interesting insights..." (Chartered Institute of Personnel and Development, June 2006)Table of ContentsList of Illustrations xi Acknowledgements xiii Preface xv Part I: The Rationale for Change 1 1 Birth of an Idea 3 2 The Changing Needs and Aspirations of Employees 13 3 Investors Awaken 21 4 The People Management Challenge 37 5 The Role of Leadership 45 Part II: The ‘How To’ Guide 55 6 Brand Fundamentals 57 Functional Benefits 58 Emotional Benefits 58 Higher Order Benefits, Brand Values and DNA 59 Brand Personality 60 Brand Positioning and Differentiation 61 Brand Hierarchy 63 Brand Vision and Brand Reality 64 Brand Management and Development 65 Brand Consistency and Continuity 65 Brand Development 67 Summary 68 7 The Business Case 69 The Major Benefits of Employer Branding 69 Lower Costs 69 Customer Satisfaction 71 Financial Results 72 Summary 74 Life Cycle Benefits 74 Young, Fast Growing Companies: Attracting ‘The Right Stuff’ 74 Coming of Age: Capturing the Organisational Spirit 75 Going International: Translating the Employer Brand into New Contexts 75 Merger and Acquisition: Forging a Shared Sense of Identity and Purpose 76 Corporate Reinvention: Refreshing the Self-Image 77 Revitalizing the Customer Brand Proposition: Living the Brand 77 Burning Platform: Re-instilling Fresh Belief 78 Functional Benefits 78 Benefits to the HR Function 78 Benefits to the Internal Communications Function 79 Benefits to the Marketing Function 80 Winning Support from the Top 81 Summary 83 8 Employer Brand Insight 85 Employee Insights 86 Employee Engagement and Commitment 88 Benchmarking 89 Correlation Analysis 91 Continuous Research 92 Culture Mapping 93 Brand Roots 95 Projective and Enabling Techniques 96 Observation 99 Segmentation 100 Communication Audits 102 Additional Sources 103 Labour Market Insights 104 Clarifying the Target Market 104 Needs and Aspirations 105 Employer Brand Image 106 Summary 108 9 Employer Brand Positioning 109 Brand Identity 109 Monolithic 109 Parent 110 Subsidiary 110 Brand Integration (Customer and Employer Brands) 110 Corporate Brand Hierarchy (Parent and Subsidiary) 111 The Key Components of the Positioning Model 113 The Brand Reality Model 113 The Brand Vision Model 116 Target Employee Profiles 116 The Employer Brand Proposition 117 Values 119 Personality 122 Benefits 123 Employee Value Propositions 125 Reasons to believe 126 Summary 126 10 Employer Brand Communication 129 Identity 129 Internal Launch 130 Rational Understanding 132 Emotional Engagement 135 Employee Commitment and Behaviour Change 141 Summary 144 11 Employer Brand Management 147 Big Picture: Policy 149 External Reputation 149 Internal Communication 151 Senior Leadership 152 Values and Corporate Social Responsibility 152 Internal Measurement Systems 154 Service Support 154 Local Picture: Practice 155 Recruitment and Induction 155 Team Management 156 Performance Appraisal 157 Learning and Development 157 Reward and Recognition 159 Working Environment 159 The Key Responsibilities of Employer Brand Management 160 Summary 161 12 The Durability of the Employer Brand Concept 163 Part III: Appendices 165 Appendix 1: Reuters Case Study 167 Appendix 2: Tesco Case Study 185 Appendix 3: Extract from Greggs Development Review 197 References 201 Index 207
£35.15
John Wiley & Sons Inc Dialogue Mapping Building Shared Understanding of
Book SynopsisIn contrast to the use of agendas and restrictive structures, dialogue mapping is a facilitation technique that allows the intelligence and learning of the group to emerge naturally. Each participant can see how their comments contribute (or don't) to the coherence and order of the group's thinking.Table of ContentsPreface. Acknowledgements. Part I. Chapter 1: Wicked Problems and Social Complexity. Chapter 2: Building Shared Understanding. Chapter 3: The Dialogue Mapping Experience. Part II. Chapter 4: IBIS: A Tool for All Reasons. Chapter 5: The Dialogue Mapping Listening Cycle. Part III. Chapter 6: Question Types. Chapter 7: Three Moves of Discourse. Chapter 8: Limits of Dialogue Mapping. Chapter 9: Decisions, Decisions. Appendix. References. Index.
£48.40
John Wiley & Sons Inc Paul Wilmott on Quantitative Finance 3 Volume Set
Book Synopsis
£165.60
John Wiley & Sons Inc Brownian Motion Calculus
Book SynopsisThere are not many calculus books that are very accessible to students without a strong mathematical background and the large majority of financial derivatives students do not have a strong quantitative background. This book provides a short introduction to the subject with examples of its use in mathematical finance e. g pricing of derivatives.Table of ContentsPreface xiii 1 Brownian Motion 1 1.1 Origins 1 1.2 Brownian Motion Specification 2 1.3 Use of Brownian Motion in Stock Price Dynamics 4 1.4 Construction of Brownian Motion from a Symmetric Random Walk 6 1.5 Covariance of Brownian Motion 12 1.6 Correlated Brownian Motions 14 1.7 Successive Brownian Motion Increments 16 1.7.1 Numerical Illustration 17 1.8 Features of a Brownian Motion Path 19 1.8.1 Simulation of Brownian Motion Paths 19 1.8.2 Slope of Path 20 1.8.3 Non-Differentiability of Brownian Motion Path 21 1.8.4 Measuring Variability 24 1.9 Exercises 26 1.10 Summary 29 2 Martingales 31 2.1 Simple Example 31 2.2 Filtration 32 2.3 Conditional Expectation 33 2.3.1 General Properties 34 2.4 Martingale Description 36 2.4.1 Martingale Construction by Conditioning 36 2.5 Martingale Analysis Steps 37 2.6 Examples of Martingale Analysis 37 2.6.1 Sum of Independent Trials 37 2.6.2 Square of Sum of Independent Trials 38 2.6.3 Product of Independent Identical Trials 39 2.6.4 Random Process B(t) 39 2.6.5 Random Process exp[B(t) – t] 40 2.6.6 Frequently Used Expressions 40 2.7 Process of Independent Increments 41 2.8 Exercises 42 2.9 Summary 42 3 Itō Stochastic Integral 45 3.1 How a Stochastic Integral Arises 45 3.2 Stochastic Integral for Non-Random Step-Functions 47 3.3 Stochastic Integral for Non-Anticipating Random Step-Functions 49 3.4 Extension to Non-Anticipating General Random Integrands 52 3.5 Properties of an Itō Stochastic Integral 57 3.6 Significance of Integrand Position 59 3.7 Itō integral of Non-Random Integrand 61 3.8 Area under a Brownian Motion Path 62 3.9 Exercises 64 3.10 Summary 67 3.11 A Tribute to Kiyosi Itō 68 Acknowledgment 72 4 Itō Calculus 73 4.1 Stochastic Differential Notation 73 4.2 Taylor Expansion in Ordinary Calculus 74 4.3 Itō’s Formula as a Set of Rules 75 4.4 Illustrations of Itō’s Formula 78 4.4.1 Frequent Expressions for Functions of Two Processes 78 4.4.2 Function of Brownian Motion f [B(t)] 80 4.4.3 Function of Time and Brownian Motion f [t, B(t)]82 4.4.4 Finding an Expression for 83 4.4.5 Change of Numeraire 84 4.4.6 Deriving an Expectation via an ODE 85 4.5 Lévy Characterization of Brownian Motion 87 4.6 Combinations of Brownian Motions 89 4.7 Multiple Correlated Brownian Motions 92 4.8 Area under a Brownian Motion Path – Revisited 95 4.9 Justification of Itō’s Formula 96 4.10 Exercises 100 4.11 Summary 101 5 Stochastic Differential Equations 103 5.1 Structure of a Stochastic Differential Equation 103 5.2 Arithmetic Brownian Motion SDE 104 5.3 Geometric Brownian Motion SDE 105 5.4 Ornstein–Uhlenbeck SDE 108 5.5 Mean-Reversion SDE 110 5.6 Mean-Reversion with Square-Root Diffusion SDE 112 5.7 Expected Value of Square-Root Diffusion Process 112 5.8 Coupled SDEs 114 5.9 Checking the Solution of a SDE 115 5.10 General Solution Methods for Linear SDEs 115 5.11 Martingale Representation 120 5.12 Exercises 123 5.13 Summary 124 6 Option Valuation 127 6.1 Partial Differential Equation Method 128 6.2 Martingale Method in One-Period Binomial Framework 130 6.3 Martingale Method in Continuous-Time Framework 135 6.4 Overview of Risk-Neutral Method 138 6.5 Martingale Method Valuation of Some European Options 139 6.5.1 Digital Call 139 6.5.2 Asset-or-Nothing Call 141 6.5.3 Standard European Call 142 6.6 Links between Methods 144 6.6.1 Feynman-Kač Link between PDE Method and Martingale Method 144 6.6.2 Multi-Period Binomial Link to Continuous 146 6.7 Exercise 147 6.8 Summary 148 7 Change of Probability 151 7.1 Change of Discrete Probability Mass 151 7.2 Change of Normal Density 153 7.3 Change of Brownian Motion 154 7.4 Girsanov Transformation 155 7.5 Use in Stock Price Dynamics – Revisited 160 7.6 General Drift Change 162 7.7 Use in Importance Sampling 163 7.8 Use in Deriving Conditional Expectations 167 7.9 Concept of Change of Probability 172 7.9.1 Relationship between Expected Values under Equivalent Probabilities 174 7.10 Exercises 174 7.11 Summary 176 8 Numeraire 179 8.1 Change of Numeraire 179 8.1.1 In Discrete Time 179 8.1.2 In Continuous Time 182 8.2 Forward Price Dynamics 184 8.2.1 Dynamics of Forward Price of a Bond 184 8.2.2 Dynamics of Forward Price of any Traded Asset 185 8.3 Option Valuation under most Suitable Numeraire 187 8.3.1 Exchange Option 187 8.3.2 Option on Bond 188 8.3.3 European Call under Stochastic Interest Rate 188 8.4 Relating Change of Numeraire to Change of Probability 190 8.5 Change of Numeraire for Geometric Brownian Motion 192 8.6 Change of Numeraire in LIBOR Market Model 194 8.7 Application in Credit Risk Modelling 198 8.8 Exercises 200 8.9 Summary 201 Annexes A Annex A: Computations with Brownian Motion 205 A. 1 Moment Generating Function and Moments of Brownian Motion 205 A. 2 Probability of Brownian Motion Position 208 A. 3 Brownian Motion Reflected at the Origin 208 A. 4 First Passage of a Barrier 214 A. 5 Alternative Brownian Motion Specification 216 B Annex B: Ordinary Integration 221 B. 1 Riemann Integral 221 B. 2 Riemann–Stieltjes Integral 226 B. 3 Other Useful Properties 231 B. 4 References 234 C Annex C: Brownian Motion Variability 235 C. 1 Quadratic Variation 235 C. 2 First Variation 238 D Annex D: Norms 239 D. 1 Distance between Points 239 D. 2 Norm of a Function 242 D. 3 Norm of a Random Variable 244 D. 4 Norm of a Random Process 244 D. 5 Reference 246 E Annex E: Convergence Concepts 247 E. 1 Central Limit Theorem 247 E. 2 Mean-Square Convergence 248 E. 3 Almost Sure Convergence 249 E. 4 Convergence in Probability 250 E. 5 Summary 250 Answers to Exercises 253 References 299 Index 303
£35.10
John Wiley & Sons Inc Learning For Action
Book SynopsisAfter an explanation of the book's purpose, the authors provide in Part 1 first an overview of SSM as a whole, then a fleshed-out account with just enough detail and advice to enable the reader to set about using the approach in problem situations of concern. Part 2 describes examples of SSM in action and also pays special attention to one of the most common application areas: that of work in the information system/information technology field. A final chapter in part 2 discusses the difficulties some people have in grasping the true nature of SSM, drawing attention to the inadequacies in much of the secondary literature. Appendices provide an outline of the theoretical considerations which underpin SSM, a guide to sources of further information and illustrations of some of SSM's techniques.Trade Review"This volume is a concise and definitive account of SSM for all who wish to use, teach or learn about it."Civil Engineering August 2008Table of ContentsPreamble A TEN-MINUTE ACCOUNT OF SOFT SYSTEMS METHODOLOGY FOR VERY BUSY PEOPLE. Preface. INTRODUCTION. PART 1 THE NATURE OF SSM. Chapter 1 A SKELETON ACCOUNT OF SSM AS A WHOLE. What is SSM? What is the SSM Process? What can SSM be used for? Is SSM mature? How was SSM developed? How does SSM differ from other systems approaches? Chapter 2 A FLESHED-OUT ACCOUNT OF SSM. Introduction. The SSM Learning Cycle: Finding Out. The SSM Learning Cycle: Making Purposeful Activity Models. The SSM Learning Cycle: Using Models to Structure Discussion about. The Situation and its Improvement. The SSM Learning Cycle: Defining ‘Action to Improve’. The Whole SSM Learning Cycle Revisited: seven principles, four actions. PART 2 SSM IN ACTION. Chapter 3 SSM IN ACTION IN MANAGEMENT SITUATIONS. Introduction. Case 1: Rethinking the Role of a Head Office Function in Shell. Case 2: Evaluating Past Events. Case 3: Upgrading the Skills of a Department. Case 4: Tackling your own Issues. Case 5: Clarifying a Concept. Chapter 4 SSM IN ACTION IN THE FIELD OF INFORMATION SYSTEMS. Introduction. Case 1: Creating an Information Strategy in an Acute Hospital. Case 2: Evaluating a Clinical Information System. Case 3: Evaluating a National Initiative in the NHS. Case 4: Providing Information Support for Scientists and Technologists. Conclusion. Chapter 5 SSM: MISUNDERSTANDINGS AND CRAFT SKILLS. Introduction. Misunderstanding SSM. Craft Skills in SSM Use. Tips on Techniques in SSM. PART 3 SUMMING UP. Chapter 6 SSM AS A WHOLE – some reminders. Approaching SSM: the mindset. SSM: an aide memoire. Appendix One: SSM’s Theory. Appendix Two: The Story of SSM’s Development. Appendix Three: A Talked-through Example of Activity Model Building. Appendix Four: A Generic Model of Purposeful Activity Modelling. Appendix Five: Some Frequently Asked Questions.
£39.85
John Wiley & Sons Inc The Futures Bond Basis
Book SynopsisThe 2nd edition of The Futures Bond Basis, is an updated and revised version of Professor Moorad Choudhry's succinct but in-depth look at the government bond futures contract basis. It includes essential background on contract specifications and the theory of the basis.Table of ContentsPreface xiii About the author xix 1 Bond Futures Contracts 1 1.1 Introduction 2 1.1.1 Contract specifications 4 1.2 Futures pricing 11 1.2.1 Theoretical principle 12 1.2.2 Arbitrage-free futures pricing 16 1.3 Hedging using bond futures 21 1.3.1 Introduction 21 1.3.2 Hedging a bond portfolio 26 1.3.3 The margin process 31 1.A Conversion factor for the long gilt future 34 Selected bibliography 38 2 The Government Bond Basis 39 2.1 An introduction to forward pricing 41 2.1.1 Introduction 41 2.1.2 Illustrating the forward bond basis 43 2.2 Forwards and futures valuation 46 2.2.1 Introduction 46 2.2.2 Forwards 47 2.2.3 Futures 49 2.2.4 Forwards and futures 50 2.2.5 Relationship between forward and future price 52 2.2.6 The forward–spot parity 54 2.2.7 The basis and implied repo rate 57 2.3 The bond basis: basic concepts 60 2.3.1 Introduction 60 2.3.2 Futures contract specifications 62 2.3.3 The conversion factor 67 2.3.4 The bond basis 75 2.3.5 The net basis 78 2.3.6 The implied repo rate 82 2.4 Selecting the cheapest-to-deliver bond 92 2.5 Trading the basis 94 2.5.1 The basis position 94 2.6 Exercises 97 Selected bibliography 100 3 Basis Trading and the Implied Repo Rate 103 3.1 Analysing the basis 104 3.1.1 No-arbitrage futures price 105 3.1.2 Options embedded in bond futures contracts 110 3.2 Bond delivery factors 112 3.2.1 The cheapest-to-deliver 112 3.2.2 Selecting delivery time 114 3.2.3 Changes in CTD status 117 3.A General rules of the CTD bond 119 3.B A general model of the CTD bond 121 Selected bibliography 122 4 The Fundamentals of Basis Trading 123 4.1 Rates and spread history 124 4.1.1 Net basis history 124 4.1.2 The implied repo rate 128 4.2 Impact of the repo rate 129 4.2.1 The repo rate 130 4.2.2 Short bond position squeeze 134 4.3 Basis trading mechanics 136 4.3.1 Using the conversion factor 137 4.3.2 Trading profit and loss 138 4.4 Timing the basis trade using the IRR 139 4.4.1 The implied repo rate (again) 139 4.4.2 The IRR across futures contracts: Bloomberg illustration 143 Selected bibliography 145 Appendices A Repo Financing and the Concept of the ‘special’ 147 A.1 Classic repo 150 A.2 Basket repo: Illustration using Malaysian government bonds 151 A.3 Special bonds in repo 155 B Relative Value Analysis: Bond Spreads 159 B.1 Swap spread and Treasury spread 161 B.2 Asset–swap spread 163 B.3 Z-Spread 165 B.4 Cash–CDS basis 169 References 173 C Liffe Long Gilt Delivery History, March 1996 to June 2001 175 Glossary 199 List of abbreviations 227 Index 229
£30.40
John Wiley & Sons Inc Investment Strategies of Hedge Funds
Book SynopsisOne of the fastest growing investment sectors ever seen, hedge funds are considered by many to be exotic and inaccessible. This book provides an intensive learning experience, defining hedge funds, explaining hedge fund strategies while offering both qualitative and quantitative tools that investors need to access these types of funds.Trade Review"This is a very good place to investigate the reality of hedge funds." (Pensions World, October 2007)Table of ContentsForeword xi Preface xiii Acknowledgments xvii About the Author xix 1 A Few Initial Remarks 1 1.1 What is a hedge fund? 1 1.2 History of hedge funds 2 1.3 Proprietary trading 4 1.4 The growth of the hedge fund industry 4 1.5 Main characteristics of the current industry 6 1.6 Capacity 8 1.7 Commissions 8 1.8 Industry performance overview 9 1.9 The hedge fund manager 12 1.10 Alpha and beta 12 1.11 Investment strategies 13 1.12 Explorers and frontiers 16 1.13 SEC’s vigilance 16 1.14 Considerations on performance sustainability 16 1.15 Capacity and performance sustainability 17 1.16 Ability or chance? 17 1.17 The importance of avoiding losses 18 1.18 Decreasing returns with longer investment horizons 19 1.19 Business case: A hedge fund start-up 19 2 Arbitrage 21 2.1 The transaction costs barrier 22 2.2 ADR arbitrage 23 2.3 Arbitrage between off-the-run and on-the-run thirty-year Treasury Bonds 24 3 Short Selling 27 3.1 A brief history of short selling 27 3.2 What is short selling? 30 3.3 A simplified example of short selling on US markets 31 3.4 Who lends securities for short selling? 32 3.5 Regulations governing short selling 33 3.6 The risks of short selling 34 3.7 Short interest and short interest ratio 35 3.8 Wall Street’s alter ego 36 3.9 Stock picking in short selling 37 3.10 The art of contrary thinking 41 3.11 Measuring the strategy’s historical performance 42 3.12 Conclusions 45 4 Long/Short Equity 47 4.1 History of the first hedge fund 48 4.2 Market exposure 48 4.3 Management styles 52 4.4 Specialized long/short equity funds 55 4.4.1 Long/short equity technology-media-telecommunication (TMT) 56 4.4.2 Long/short equity biotech 57 4.4.3 Long/short equity gold 58 4.4.4 Long/short equity on emerging markets 58 4.5 Share class arbitrage 62 4.6 Pairs trading 62 4.7 Covered call and covered put options sale 64 4.8 Strategy’s historical performance analysis 65 4.9 Equity market neutral 69 4.9.1 Equity market neutral strategy’s historical performance analysis 70 5 Merger Arbitrage 75 5.1 A brief history of M&A 76 5.2 Strategy description 82 5.3 Risk associated with the outcome of an extraordinary corporate event 83 5.4 Types of mergers and acquisitions 86 5.4.1 Cash mergers or tender offers 86 5.4.2 Stock swap mergers or stock-for-stock mergers 87 5.4.3 Stock swap mergers with a collar 89 5.4.4 Multiple bidder situations 90 5.4.5 Leveraged buyouts and hostile takeovers 90 5.4.6 Spin-offs 92 5.5 Risk management 92 5.6 Strategy’s historical performance analysis 93 5.7 Conclusions 96 6 Convertible Bond Arbitrage 99 6.1 Why issue a convertible bond? 101 6.2 A brief history of convertible bonds 101 6.3 The convertible bond market 102 6.4 Definitions 106 6.5 Quantitative models to value convertible bonds 107 6.5.1 Analytical models 108 6.5.2 Numerical models 109 6.6 Implied volatility and historical volatility 110 6.6.1 Credit spreads, implied volatility and risk appetite 110 6.7 Convertible bond arbitrage 110 6.7.1 Cash-flow arbitrage 111 6.7.2 Volatility trading 113 6.7.3 Gamma trading 117 6.7.4 Credit arbitrage 120 6.7.5 Skewed arbitrage 124 6.7.6 Carry trade 124 6.7.7 Refinancing plays 126 6.7.8 Late stage restructuring plays 126 6.7.9 Multi-strategy 126 6.8 Mandatory convertibles 126 6.9 Strategy’s historical performance analysis 128 6.10 Risk control 132 6.11 Conclusions 133 7 Fixed Income Arbitrage 135 7.1 Issuance driven arbitrage or snap trade 137 7.2 Yield curve arbitrage 137 7.3 Intermarket spread trading 140 7.4 Futures basis trading or basis trading 140 7.5 Swap spread trading 140 7.6 Capital structure arbitrage 141 7.7 Long/short credit or credit pair trading 144 7.8 Carry trade 148 7.9 Break-even inflation trades 148 7.10 Cross-currency relative value trade 149 7.11 Treasuries over eurodollars (TED) spread or international credit spread 151 7.12 Leveraged loans 151 7.13 Strategy’s historical performance analysis 153 7.14 Conclusions 157 8 Strategies on CDOs 159 8.1 A brief history of CDOs 162 8.2 Hedge fund investment strategies 163 8.2.1 Carry trade 163 8.2.2 Long/short structured credit 164 8.2.3 Correlation trade 164 8.3 Conclusions 166 9 Mortgage-Backed Securities Arbitrage 167 9.1 A brief history of mortgage-backed securities 167 9.2 Originators of mortgage-backed securities 167 9.3 The industry of mortgage-backed securities 169 9.3.1 Pass-through securities 169 9.3.2 Collateralized mortgage obligations 170 9.3.3 “Interest Only” securities and “Principal Only” securities 170 9.4 The sensitivity of mortgage-backed securities to interest rates 171 9.5 Arbitrage on mortgage-backed securities 173 9.6 Risk factors 174 9.7 Strategy’s historical performance analysis 174 9.8 Conclusions 178 10 Distressed Securities 179 10.1 A brief history of distressed securities 180 10.2 The distressed debt market 181 10.3 Bankruptcy laws 186 10.4 Strategy description 187 10.4.1 Securities involved 187 10.4.2 Investment thesis 192 10.4.3 The valuation process 194 10.4.4 Hedging techniques 195 10.5 Risks 195 10.6 A brief consideration of the directional nature of distressed securities hedge funds 196 10.7 Trade claims 198 10.8 Strategy’s historical performance analysis 202 10.9 Conclusions 206 11 Event Driven or Special Situations 207 11.1 Activist investors 208 11.2 Strategy’s historical performance analysis 211 12 Multi-Strategy 217 12.1 Multi-strategy funds 217 12.2 Strategy’s historical performance analysis 217 13 Managed Futures 223 13.1 What is a futures contract? 224 13.2 A brief history of managed futures 224 13.3 Managed futures strategy 225 13.4 “Do storks deliver babies?” and the predictability of financial time series 233 13.5 Strategy’s historical performance analysis 233 13.6 Conclusions 238 14 Global Macro 239 14.1 A brief history of macro funds 240 14.2 Investment strategies adopted 242 14.3 The characteristics shared by great traders 242 14.4 The legs of a trade 243 14.5 The theory of reflexivity by George Soros 248 14.6 Debt emerging markets 249 14.7 Strategy’s historical performance 255 14.8 Conclusions 258 15 Other Strategies 259 15.1 Holding company arbitrage 259 15.2 Closed-end fund arbitrage 260 15.3 Statistical arbitrage 261 15.4 Index arbitrage 262 15.5 Volatility trading 262 15.5.1 Option trading 263 15.5.2 Delta hedging 264 15.5.3 Variance swaps 264 15.5.4 Other instruments 264 15.6 Split-strike conversion 265 15.7 Lending 265 15.8 PIPEs or Regulation D 268 15.9 Real estate 270 15.10 Natural resources 270 15.11 Energy trading 274 15.12 Natural events 275 16 Hedge Fund Performance Analysis 279 16.1 Risks inherent in hedge fund investments 279 16.2 Hedge fund strategies indices 281 16.2.1 Benchmarking 282 16.3 Statistical analysis of indices 283 16.4 Value at risk 287 16.5 Statistical analysis of data from the LIPPER TASS database 289 17 Conclusions 291 Bibliography 295 Index 299
£68.40
John Wiley & Sons Inc Financial Reporting and Corporate Governance
Book SynopsisThe aim of the book is to give non-accounting students a basic ability and confidence to read and use financial accounting reports and statements within their business or financial specialties. Many employees in business today are expected to be conversant with reported accounting information as part of their regular job responsibilities.Trade Review"A major strength of Thomas Lee's book comes from the clear presentation of the main financial accounting issues." (International Journal of Accounting, April 2008)Table of ContentsLessons. Glossary of Terms. About the Author. About the Book. Acknowledgments. Chapter 1: Corporate Financial Reporting. Learning Objectives. Introduction. Illustration 1 Good News at Flash Bang Wallop plc. Bad News at Flash Bang Wallop plc. Financial Play with Actors and Plot. Lessons to be Learnt. Companies. Corporate Managers. Corporate Governors. Corporate Financial Statements. Accounting Numbers. Creative Accounting. Corporate Auditing. Problems for Public Accountants. Financial Statement Users. General Purpose Financial Information. General Legal Requirements in UK. Learning Objectives. Exercises 1–6. Additional Reading. Chapter 2: Corporate Governance. Learning Objectives. Introduction. Defining Corporate Governance. Accountability or Stewardship. Legislative Developments in Corporate Governance. Non-accounting Regulations in Corporate Governance. Accounting Regulations in Corporate Governance. Auditing and Corporate Governance. Other Corporate Governance Developments. Audit Committees. Ineffective Audit Committees. US Developments in Corporate Governance. Internal Control and Internal Audit. Learning Objectives. Exercises 1–8. Additional Reading. Chapter 3: Corporate Financial Accounting. Learning Objectives. Introduction. Comprehensive Package. Investment Decisions. Illustration 2 What-a-Picture Ltd. Share Capital. Long-term Lending Decisions. Illustration 3 Down-the-Plughole Ltd. Other Decisions. Overview of Information Needs. Time and Corporate Financial Reports. Accounting Numbers. Illustration 4 Rambling-Sid-Deli Ltd. Accounting Costs and Fair Values. Illustration 5 Balance Sheet Numbers. Accounting Conventions. Legal and Regulatory Requirements. Learning Objectives. Exercises 1–5. Additional Reading. Chapter 4: Corporate Profit Statement. Learning Objectives. Introduction. Balance Sheet or Profit Statement Approach. The Profit Statement. Importance of Profit Statement. Earnings Per Share. Basic Relationship and Conventions. Illustration 6 Jam-Today Ltd. Basic Elements of Profit Statement. Illustration 7 Give-Me-A-Break Ltd. Exceptional Events and Transactions. Other Profit Statement Matters. Creative Accounting. Corporate Governance and Profit Statement. Other Legislative and Regulative Requirements. Learning Objectives. Exercises 1–8. Additional Reading. Chapter 5: Corporate Cash Flow Statement. Learning Objectives. Introduction. Illustration 8 Would-You-Believe-It Ltd. Solvency, Liquidity, Cash Flow, and Profitability. Illustration 9 Had-Enough Ltd. Illustration 10 Profitability, Liquidity, and Solvency. Illustration 11 Accounting Profit, Working Capital, and Operating Cash Flow. Cash Flow Reporting. Disclosure of Cash Flow Statements. Issues with Cash Flow Statements. Corporate Governance and Cash Flow Statements. Legislative and Regulatory Requirements. Learning Objectives. Exercises 1–6. Additional Reading. Chapter 6: Corporate Balance Sheet. Learning Objectives. Introduction. Basic Accounting Relationship. Illustration 12 Jim Jones Insurance Ltd. Balance Sheet Elements. Balance Sheet Numbers. Basic Balance Sheet. Illustration 13 Runalot Sports Ltd. Other Balance Sheet Matters. Issues in Balance Sheet Reporting. Creative Accounting. Corporate Governance and Balance Sheets. Other Legal and Regulatory Requirements. Learning Objectives. Exercises 1–7. Additional Reading. Chapter 7: Other Corporate Statements. Learning Objectives. Introduction. Secondary Financial Statements. Statements from Board and Others. Chairman’s Report. Report of Board of Directors. Operating and Financial Review. Other Statements and Corporate Governance. Legislative and Regulatory Requirements. Learning Objectives. Exercises 1–8. Additional Reading. Chapter 8: Corporate Auditing. Learning Objectives. Introduction. Corporate Audit Report. Illustration 14 Test, Tick, & Attest, Registered Auditors. Nature and Purpose of Corporate Audit. Feasibility of Corporate Auditing. Independent and Competent Auditors. Corporate Auditor’s Duty of Care. Responsible for What and to Whom? Corporate Auditing and Fraud Detection. Audit Evidence. Corporate Auditing and Corporate Governance. Audit Expectations Gap. Legal and Regulatory Provisions for Corporate Auditing. Learning Objectives. Exercises 1–8. Additional Reading. Chapter 9: Creative Accounting. Learning Objectives. Introduction. Preliminary Definitions. Nature and Purpose of Creative Accounting. Acceptable Accounting Practice. Flexibility of Accounting. Creative Accounting in Practice. Creative Accounting and Reporting Issues. Creative Accounting and Corporate Governance. Learning Objectives. Exercises 1–6. Additional Reading. Chapter 10: Corporate Financial Statement Analysis. Learning Objectives. Common-size Analysis. Comparisons of Accounting Numbers Nature and Purpose of Financial Ratios. Financial Ratio Criteria. Financial Ratio Limitations. Computation and Interpretation of Financial Ratios. Financial Ratios and Profitability. Financial Ratios and Liquidity and Cash Flow. Illustration 15 Just-In-Case Ltd and On-the-Button Ltd. Financial Ratios, Structure, and Performance. Learning Objectives. Exercises 1–11. Additional Reading. Index.
£44.60
John Wiley & Sons Inc Introduction to Econometrics
Book SynopsisIntroduction to Econometric Modelling provides an introduction to econometrics for undergraduate students. In this book, Gary Koop provides a broader set of models than is offered in existing textbooks and places greater focus on models (e.g. the regression model) than the methods that are used to analyze the models.Trade Review“An introductory text offering econometric methodology for quantifying and managing this variety of risk, illustrated by empirical examples.” (Times Higher Education Supplement, Thursday 28th February)Table of ContentsPreface ix Chapter 1 An Overview of Econometrics 1 1.1 The importance of econometrics 1 1.2 Types of economic data 2 1.3 Working with data: graphical methods 6 1.4 Working with data: descriptive statistics and correlation 11 1.5 Chapter summary 26 Exercises 26 Chapter 2 A Non-technical Introduction to Regression 29 2.1 Introduction 29 2.2 The simple regression model 30 2.3 The multiple regression model 42 2.4 Chapter summary 55 Exercises 57 Chapter 3 The Econometrics of the Simple Regression Model 59 3.1 Introduction 59 3.2 A review of basic concepts in probability in the context of the regression model 60 3.3 The classical assumptions for the regression model 64 3.4 Properties of the ordinary least-squares estimator of β 67 3.5 Deriving a confidence interval for β 75 3.6 Hypothesis tests about β 77 3.7 Modifications to statistical procedures when σ2 is unknown 78 3.8 Chapter summary 81 Exercises 82 Appendix 1: Proof of the Gauss–Markov theorem 84 Appendix 2: Using asymptotic theory in the simple regression model 85 Chapter 4 The Econometrics of the Multiple Regression Model 91 4.1 Introduction 91 4.2 Basic results for the multiple regression model 92 4.3 Issues relating to the choice of explanatory variables 96 4.4 Hypothesis testing in the multiple regression model 102 4.5 Choice of functional form in the multiple regression model 109 4.6 Chapter summary 115 Exercises 116 Appendix: Wald and Lagrange multiplier tests 117 Chapter 5 The Multiple Regression Model: Freeing Up the Classical Assumptions 121 5.1 Introduction 121 5.2 Basic theoretical results 122 5.3 Heteroskedasticity 124 5.4 The regression model with autocorrelated errors 138 5.5 The instrumental variables estimator 149 5.6 Chapter summary 164 Exercises 165 Appendix: Asymptotic results for the OLS and instrumental variables estimators 168 Chapter 6 Univariate Time Series Analysis 173 6.1 Introduction 173 6.2 Time series notation 175 6.3 Trends in time series variables 177 6.4 The autocorrelation function 179 6.5 The autoregressive model 181 6.6 Defining stationarity 195 6.7 Modeling volatility 197 6.8 Chapter summary 205 Exercises 207 Appendix: MA and ARMA models 210 Chapter 7 Regression with Time Series Variables 213 7.1 Introduction 213 7.2 Time series regression when X and Yare stationary 214 7.3 Time series regression when Y and X have unit roots 217 7.4 Time series regression when Y and X have unit roots but are NOTcointegrated 227 7.5 Granger causality 227 7.6 Vector autoregressions 233 7.7 Chapter summary 247 Exercises 248 Appendix: The theory of forecasting 251 Chapter 8 Models for Panel Data 255 8.1 Introduction 255 8.2 The pooled model 256 8.3 Individual effects models 256 8.4 Chapter summary 271 Exercises 272 Chapter 9 Qualitative Choice and Limited Dependent Variable Models 277 9.1 Introduction 277 9.2 Qualitative choice models 278 9.3 Limited dependent variable models 296 9.4 Chapter summary 304 Exercises 306 Chapter 10 Bayesian Econometrics 309 10.1 An overview of Bayesian econometrics 309 10.2 The normal linear regression model with natural conjugate prior and a single explanatory variable 315 10.3 Chapter summary 326 Exercises 326 Appendix: Bayesian analysis of the simple regression model with unknown variance 328 Appendix A: Mathematical Basics 333 Appendix B: Probability Basics 338 Appendix C: Basic Concepts in Asymptotic Theory 348 Appendix D: Writing an Empirical Project 353 Tables 359 Table 1. Area under the standard normal distribution Pr(0 ≤ Z ≤ z) 359 Table 2. Area under the Student t distribution for different degrees of freedom (DF), Pr(Z ≥ z) = α 360 Table 3. Percentiles of the chi-square distribution 361 Table 4a. Area under the F-distribution for different degrees of freedom, ν1 and ν2, Pr(Z ≥ z) = 0.05 362 Table 4b. Area under the F-distribution for different degrees of freedom, ν1 and ν2, Pr(Z ≥ z) = 0.01 363 Bibliography 364 Index 365
£45.55
John Wiley & Sons Inc Negotiating for Dummies
Book SynopsisPeople who can't or won't negotiate on their own behalf run the risk of paying too much, earning too little, and always feeling like they're getting gypped. Negotiating For Dummies, Second, Edition offers tips and strategies to help you become a more comfortable and effective negotiator.Table of ContentsForeword. Introduction. Part I: Preparing to Negotiate. Chapter 1: Negotiating for Life. Chapter 2: Knowing What You Want and Preparing to Get It. Chapter 3: Mapping the Opposition. Chapter 4: Knowing the Marketplace. Chapter 5: Setting Goals. Chapter 6: Setting and Enforcing Limits. Part II: Getting Your Point Across. Chapter 7: Listening — Really, Truly Listening. Chapter 8: Asking the Right Questions. Chapter 9: Listening to Body Language. Chapter 10: Tuning In to Your Inner Voice. Chapter 11: Being Crystal Clear: Telling It Like It Is. Part III: Getting Past the Glitches to Close It Up. Chapter 12: Pushing the Pause Button to Turn Off the Hot Buttons. Chapter 13: Dealing with Difficult People and Situations. Chapter 14: Closing the Deal and Feeling Good About It. Chapter 15: When the Deal Just Won’t Seem to Close. Part IV: Conducting Cross-Cultural and Complex Negotiations. Chapter 16: International Negotiating. Chapter 17: Negotiating with the Opposite Sex. Chapter 18: Complex Negotiations. Chapter 19: Blind Negotiating: Telephone and Internet. Part V: The Part of Tens. Chapter 20: Ten Personality Traits of Top Negotiators. Chapter 21: Ten Key Negotiations of Your Life. Index.
£12.59
John Wiley & Sons Inc Trump 101 The Way to Success
Book SynopsisIn Trump 101, Trump himself becomes your personal mentor and coach as he shares tips, tactics, and strategies, all designed to help you make the most of yourself, your career, and your life. Each chapter covers a basic rule or belief, and shows you how to make it work for you.Trade ReviewRead this…Do say: "Show me the money." Don't say: "You're fired."' ( The Guardian, December 2006)Table of ContentsForeword by Michael Sexton President, Trump University xiii Acknowledgments xvii Introduction xix Chapter 1 Don’t Waste Your Life on Work You Don’t Love: Passion Will Help You Do Better 1 Chapter 2 Set the Bar High: Make People Ooh and Aah 6 Chapter 3 Think Trump Scale: Bigger Is Better 11 Chapter 4 Tough It Out: Be Persistent 16 A Very Special Week (plus) in My Life (monday) 22 Chapter 6 You’re Fired! Words No One Wants to Hear—or Say 32 Chapter 7 The Proof Is in the Doing: Learn by Doing and Taking Risks 37 Chapter 8 Your Gut Is Your Best Advisor: Listen to Your Instincts 41 A Very Special Week (plus) in My Life (tuesday) 46 Chapter 5 Without Knowledge, You Don’t Stand a Chance: Gain And Use Information to YourAdvantage 26 Chapter 9 Personalize Your Pitch: K Now Who You’re Addressing 50 Chapter 10 Surround Yourself with Beauty: Enhance Every Aspect of Your Life 55 Chapter 11 Negotiate to Win: U Se Diplomacy 59 Chapter 12 Think on Your Feet: It’s The Fast Track to Success 64 A Very Special Week (plus) in My Life (wednesday) 67 Chapter 13 Work with People You Like: I T Sure Beats Working With Enemies 71 Chapter 14 Where There’s A will, T Here’s A win: Think Positively 76 Chapter 15 Swim Against the Tide: The Comfort Zone Can Pull You Under 81 Chapter 16 Money Is Not Always the Bottom Line: It Can Be a Scorecard, Not the Final Score 85 A Very Special Week (plus) in My Life (thursday) 90 Chapter 17 Learning Is Exciting: Each New Project Is An Adventure 94 Chapter 18 See the Whole Picture: But Be Prepared for the Picture to Change 98 Chapter 19 Wait for the Right Pitch: Business Success Is All About Patience and Timing 102 Chapter 20 Avoid Fixed Patterns: Be Open and Flexible 106 A Very Special Week (plus) in My Life (friday) 111 Chapter 21 Speed Kills—the Competition: Get Right To the Point 114 Chapter 22 Do More—always Do More: Constantly Try to Top Yourself 119 Chapter 23 Leaders Set the Pace: Find Your Working Tempo 125 Chapter 24 Results Matter More Than Routes: Let People Follow Their Own Paths 129 A Very Special Week (plus) in My Life (saturday/sunday) 133 Chapter 25 Approach Your Work as An Art Form: Work Brilliantly 135 Chapter 26 Keep Your Mind in the Game: Pay Attention and Stay Focused 140 Chapter 27 It Takes Courage to Persist: Business Pressures Never Stop 145 Chapter 28 Join the Explorers’ Club: Learn About the Mysteries Of Life 149 A Very Special Week (plus) In My Life: a New Baby! (monday/tuesday/wednesday) 153 Chapter 29 Confidence Is A magnet: It Will Draw People to You 156 Chapter 30 Keep Your Momentum Rolling: but Never Lose Control 159 Chapter 31 Is the Problem a Blip Or a Catastrophe? Expect Problems and Keep Moving Forward 163 Chapter 32 Reach Within to Rise Above: but Temper Your Reach with Reality 167 Chapter 33 Concentrate on the Target, Not on the Weapon: Focus On What Matters Most 171 Appendix A The Trump Organization At a Glance 175 Appendix B The Trump Store 181 Index 183
£17.10
John Wiley & Sons Inc Herd
Book SynopsisCan you explain the explosion of social activities like text messaging with little or no promotion of the behaviour? How a Mexican wave happens? The emergence of online communities? Or more sensitively the steady rise of floral roadside tributes to traffic accident victims from complete strangers? Unless you have a good explanation of mass behaviour, you'll have little chance of altering it. Herd reveals that most of us in the West have completely misunderstood the mechanics of mass behaviour because we have misplaced notions of what it means to be a human being. With a host of examples from Peter Kay and urinal etiquette to Apple and Desmond Tutu, Mark Earls offers the most new radical, controversial and significant new theory of consumer behaviour in a generation. At one level a profoundly simple and important idea, that just happens to overturn everything we thought we knew about marketing to the individual. Adam Morgan, Founder, Eatbigfish Mark EarlTrade Review"Earls has a beguiling and an irrepressible intellectual curiosity, so the book becomes a very enjoyable and allusive compendium…” (The Guardian, March 2007) "Bold in its conception and engaging in execution, offers the most radical new theory of consumer behaviour in a generation" (Gulf Business, March 2007) "…brain-stretching stuff, looking at economic patterns, investment history and behavioural psychology to help the reader become a shrewder investigator." (Securities and Investment Review, March 2007) "It will change the way you think about marketing. It will also change the way you think about yourself." (Marketing Direct, November 2007) Table of ContentsDedication. Foreword by Russell Davies. Acknowledgements. Introduction. Part One: A ‘We-Species’ with an illusion of ‘I’. 1: The Super-Social Ape. 2: The Illusion of ‘I’. 3: ‘I’ vs. ‘Us’. Part Two: The Seven Principles of Herd Marketing. 4: Key Principle No. 1: Interaction. 5: Key Principle No. 2: Infl uence. 6: Key Principle No. 3: Us-Talk. 7: Key Principle No. 4: Just Believe. 8: Key Principle No. 5: (Re-)Light the Fire. 9: Key Principle No. 6: Co-Creativity. 10: Key Principle No. 7: Letting Go. Part Three: Making Sense of the Herd. 11: Conclusions. Postscript. And it’s goodnight from him . . . . Endnotes. Index.
£22.94
John Wiley & Sons Inc Stop Acting Like a Seller and Start Thinking Like
Book SynopsisPraise for stop acting like a seller and Start Thinking Like a Buyer Stop Acting Like a Seller and Start Thinking Like a Buyer is a book that teaches you emphatically that ''words matter.'' If you want to set yourself apart from others, whether you''re selling a product or a concept, this is a book to read. Not only will you learn how to prepare for sales success, you will learn how to be far more effective by thinking like a buyer. Theresa Martinez, Brand Director, Roche Laboratories This book shares a great commonsense approach to developing a new sales attitude and mindset that will work no matter what you''re selling. Jerry has successfully articulated a powerful and unique formula for sales greatness. Duggar Baucom, head basketball coach, Virginia Military Institute This is a book for people who truly want to have incredible success in sales. Thinking like a buyer is the most powerful way to help customers and prospects think diffTable of ContentsAcknowledgments vii Section I Start with the Right Mind-set Chapter 1 If People Love to Buy, We Should Help Them Buy 3 Chapter 2 Eight Laws of Sales Intent 23 Chapter 3 Build Your Knowledge, Messaging, and Relationships 47 Section II Use a Tested, Effective Sales Process Chapter 4 Develop Interest so Customers Will Hear You 73 Chapter 5 Engage Customers in Meaningful Dialogue 95 Chapter 6 Learn the Situation, Problem, or Challenge 123 Chapter 7 Tell Your Story 149 Chapter 8 Ask for a Commitment 169 Section III Implement the Process for Personal Prosperity Chapter 9 How to Build Positive, Productive Business Relationships 195 Chapter 10 Your Business Development Drives Your Future 233 Notes 247 Index 249
£17.10
John Wiley & Sons Inc Quality Control for Dummies
Book SynopsisSo you've been asked to lead a quality control initiative? Or maybe you've been assigned to a quality team. Perhaps you're a CEO whose main concern is to make your company faster, more efficient, and less expensive. Whatever your role is, quality control is a critical concept in every industry and profession.Table of ContentsIntroduction 1 Part I: Understanding the Basics of Quality Control 7 Chapter 1: Defining and Explaining Quality Control 9 Chapter 2: Understanding the Importance of Quality Standards 19 Chapter 3: Using Quality Assurance for the Best Results 33 Chapter 4: The Role of Inspection in Quality Control 47 Part II: Putting Fundamental Quality Control Methods to Use 61 Chapter 5: Starting Down the Road to Quality 63 Chapter 6: Detecting the Voice of the Customer in Quality Issues 81 Chapter 7: Preparing to Measure Your Current Quality Process 95 Chapter 8: Collecting Your Quality Data 107 Chapter 9: Evaluating Quality with Statistics 131 Chapter 10: Assessing Quality with Statistical Process Control 155 Part III: Whipping Quality Control into Shape with Lean Processes 177 Chapter 11: Gathering the Nuts and Bolts of Lean Processes 179 Chapter 12: Keeping Your Eyes on the Process: Value Stream Mapping 199 Chapter 13: Focusing on the 5S Method 213 Chapter 14: Empowering Workers to Make Changes with Rapid Improvement 235 Chapter 15: Looking at Lean Materials and Kanban 255 Part IV: Surveying Other Quality Control Techniques 273 Chapter 16: Combining the Best of All Worlds in Total Quality Management 275 Chapter 17: Fixing Tough Problems with Six Sigma 289 Chapter 18: Delving into Quality Function Deployment 311 Chapter 19: Considering the Theory of Constraints 325 Part V: The Part of Tens 339 Chapter 20: Ten Steps for Incorporating Quality into a New Product and/or Process 341 Chapter 21: Ten (Or So) Web Sites with Quality Control Tips and Techniques 347 Index 351
£17.09
John Wiley & Sons Inc GSI Forex Trading
Book SynopsisA Highly Visual Guide To Developing A Personal Forex Trading Strategy Getting Started In Forex Trading Strategies A great next step to read for the beginning trader. It contains practical advice and resources on trading FOREX that only come with experience.Table of ContentsPart I. Traditional Elements of Forex Strategy. Chapter 1. Trading Techniques. Chapter 2. The "Soft" Elements of Style. Chapter 3. Money Management. Part II. Developing a Trading Codex. Chapter 4. The Codex Notebook. Chapter 5. The Codex Toolbox. Chapter 6. Style. Chapter 7. Money Management. Chapter 8. Setting Up Your Trading Platform. Part III. The Codex Method of Trading Forex. Chapter 9. Tracking Markets. Chapter 10. Selecting Markets. Chapter 11. Making a Trade. Chapter 12. Monitoring a Trade. Chapter 13. Exiting a Trade. Part IV. The Complete Forex Trader. Chapter 14. Post Mortem and Record Keeping. Chapter 15. Options and Options. Chapter 16. The Dreams of Reason - To Be or Not to Be a Forex Trader. Appendix A. Visual Basic Source Code. Appendix B. How the FOREX Game is Played.
£16.19
John Wiley & Sons Inc Quantitative Financial Economics
Book SynopsisReflects the theoretical and econometric/empirical advances in the financial markets. This book provides an introduction to models of economic behaviour in financial markets, focusing on discrete time series analysis.Table of ContentsPreface. Acknowledgements. 1 Basic Concepts in Finance. Aims. 1.1 Returns on Stocks, Bonds and Real Assets. 1.2 Discounted Present Value, DPV. 1.3 Utility and Indifference Curves. 1.4 Asset Demands. 1.5 Indifference Curves and Intertemporal Utility. 1.6 Investment Decisions and Optimal Consumption. 1.7 Summary. Appendix: Mean-Variance Model and Utility Functions. 2 Basic Statistics in Finance. Aims. 2.1 Lognormality and Jensen’s Inequality. 2.2 Unit Roots, Random Walk and Cointegration. 2.3 Monte Carlo Simulation (MCS) and Bootstrapping. 2.4 Bayesian Learning. 2.5 Summary. 3 Efficient Markets Hypothesis. Aims. 3.1 Overview. 3.2 Implications of the EMH. 3.3 Expectations, Martingales and Fair Game. 3.4 Testing the EMH. 3.5 Using Survey Data. 3.6 Summary. Appendix: Cross-Equation Restrictions. 4 Are Stock Returns Predictable? Aims. 4.1 A Century of Returns. 4.2 Simple Models. 4.3 Univariate Tests. 4.4 Multivariate Tests. 4.5 Cointegration and Error Correction Models (ECM). 4.6 Non-Linear Models. 4.7 Markov Switching Models. 4.8 Profitable Trading Strategies? 4.9 Summary. 5 Mean-Variance Portfolio Theory and the CAPM. Aims. 5.1 An Overview. 5.2 Mean-Variance Model. 5.3 Capital Asset Pricing Model. 5.4 Beta and Systematic Risk. 5.5 Summary. 6 International Portfolio Diversification. Aims. 6.1 Mathematics of the Mean-Variance Model. 6.2 International Diversification. 6.3 Mean-Variance Optimisation in Practice. 6.4 Summary. Appendix I: Efficient Frontier and the CML. Appendix II: Market Portfolio. 7 Performance Measures, CAPM and APT. Aims. 7.1 Performance Measures. 7.2 Extensions of the CAPM. 7.3 Single Index Model. 7.4 Arbitrage Pricing Theory. 7.5 Summary. 8 Empirical Evidence: CAPM and APT. Aims. 8.1 CAPM: Time-Series Tests. 8.2 CAPM: Cross-Section Tests. 8.3 CAPM, Multifactor Models and APT. 8.4 Summary. Appendix: Fama–MacBeth Two-Step Procedure. 9 Applications of Linear Factor Models. Aims. 9.1 Event Studies. 9.2 Mutual Fund Performance. 9.3 Mutual Fund ‘Stars’? 9.4 Summary. 10 Valuation Models and Asset Returns. Aims. 10.1 The Rational Valuation Formula (RVF). 10.2 Special Cases of the RVF. 10.3 Time-Varying Expected Returns. 10.4 Summary. 11 Stock Price Volatility. Aims. 11.1 Shiller Volatility Tests. 11.2 Volatility Tests and Stationarity. 11.3 Peso Problems and Variance Bounds Tests. 11.4 Volatility and Regression Tests. 11.5 Summary. Appendix: LeRoy–Porter and West Tests. 12 Stock Prices: The VAR Approach. Aims. 12.1 Linearisation of Returns and the RVF. 12.2 Empirical Results. 12.3 Persistence and Volatility. 12.4 Summary. Appendix: Returns, Variance Decomposition and Persistence. 13 SDF Model and the C-CAPM. Aims. 13.1 Consumption-CAPM. 13.2 C-CAPM and the ‘Standard’ CAPM. 13.3 Prices and Covariance. 13.4 Rational Valuation Formula and SDF. 13.5 Factor Models. 13.6 Summary. Appendix: Joint Lognormality and Power Utility. 14 C-CAPM: Evidence and Extensions. Aims. 14.1 Should Returns be Predictable in the C-CAPM? 14.2 Equity Premium Puzzle. 14.3 Testing the Euler Equations of the C-CAPM. 14.4 Extensions of the SDF Model. 14.5 Habit Formation. 14.6 Equity Premium: Further Explanations. 14.7 Summary. Appendix: Hansen–Jagannathan Bound. 15 Intertemporal Asset Allocation: Theory. Aims. 15.1 Two-Period Model. 15.2 Multi-Period Model. 15.3 SDF Model of Expected Returns. 15.4 Summary. Appendix I: Envelope Condition for Consumption-Portfolio Problem. Appendix II: Solution for Log Utility. 16 Intertemporal Asset Allocation: Empirics. Aims. 16.1 Retirement and Stochastic Income. 16.2 Many Risky Assets. 16.3 Different Preferences. 16.4 Horizon Effects and Uncertainty. 16.5 Market Timing and Uncertainty. 16.6 Stochastic Parameters. 16.7 Robustness. 16.8 Summary. Appendix: Parameter Uncertainty and Bayes Theorem. 17 Rational Bubbles and Learning. Aims. 17.1 Rational Bubbles. 17.2 Tests of Rational Bubbles. 17.3 Intrinsic Bubbles. 17.4 Learning. 17.5 Summary. 18 Behavioural Finance and Anomalies. Aims. 18.1 Key Ideas. 18.2 Beliefs and Preferences. 18.3 Survival of Noise Traders. 18.4 Anomalies. 18.5 Corporate Finance. 18.6 Summary. 19 Behavioural Models. Aims. 19.1 Simple Model. 19.2 Optimising Model of Noise Trader Behaviour. 19.3 Shleifer–Vishny Model: Short-Termism. 19.4 Contagion. 19.5 Beliefs and Expectations. 19.6 Momentum and Newswatchers. 19.7 Style Investing. 19.8 Prospect Theory. 19.9 Summary. Appendix I: The DeLong et al Model of Noise Traders. Appendix II: The Shleifer–Vishny Model of Short-Termism. 20 Theories of the Term Structure. Aims. 20.1 Prices, Yields and the RVF. 20.2 Theories of the Term Structure. 20.3 Expectations Hypothesis. 20.4 Summary. 21 The EH–From Theory to Testing. Aims. 21.1 Alternative Representations of the EH. 21.2 VAR Approach. 21.3 Time-Varying Term Premium–VAR Methodology. 21.4 Summary. 22 Empirical Evidence on the Term Structure. Aims. 22.1 Data and Cointegration. 22.2 Variance Bounds Tests. 22.3 Single-Equation Tests. 22.4 Expectations Hypothesis: Case Study. 22.5 Previous Studies. 22.6 Summary. 23 SDF and Affine Term Structure Models. Aims. 23.1 SDF Model. 23.2 Single-Factor Affine Models. 23.3 Multi-Factor Affine Models. 23.4 Summary. Appendix I: Math of SDF Model of Term Structure. Appendix II: Single-Factor Affine Models. 24 The Foreign Exchange Market. Aims. 24.1 Exchange Rate Regimes. 24.2 PPP and LOOP. 24.3 Covered-Interest Parity, CIP. 24.4 Uncovered Interest Parity, UIP. 24.5 Forward Rate Unbiasedness, FRU. 24.6 Real Interest Rate Parity. 24.7 Summary. Appendix: PPP and the Wage–Price Spiral. 25 Testing CIP, UIP and FRU. Aims. 25.1 Covered Interest Arbitrage. 25.2 Uncovered Interest Parity. 25.3 Forward Rate Unbiasedness, FRU. 25.4 Testing FRU: VAR Methodology. 25.5 Peso Problems and Learning. 25.6 Summary. 26 Modelling the FX Risk Premium. Aims. 26.1 Implications of β < 1 in FRU Regressions. 26.2 Consumption-CAPM. 26.3 Affine Models of FX Returns. 26.4 FRU and Cash-in-Advance Models. 26.5 Summary. 27 Exchange Rate and Fundamentals. Aims. 27.1 Monetary Models. 27.2 Testing the Models. 27.3 New Open-Economy Macroeconomics. 27.4 Summary. 28 Market Risk. Aims. 28.1 Measuring VaR. 28.2 Mapping Assets: Simplifications. 28.3 Non-Parametric Measures. 28.4 Monte Carlo Simulation. 28.5 Alternative Methods. 28.6 Summary. Appendix I: Monte Carlo Analysis and VaR. Appendix II: Single Index Model (SIM). 29 Volatility and Market Microstructure. Aims. 29.1 Volatility. 29.2 What Influences Volatility? 29.3 Multivariate GARCH. 29.4 Market Microstructure–FX Trading. 29.5 Survey Data and Expectations. 29.6 Technical Trading Rules. 29.7 Summary. References. Recommended Reading. Index.
£37.99
John Wiley & Sons Inc Battle for Investment Survival
Book SynopsisThis book was among the first ten on investing I ever read. . . . It remains important for anyone seriously interested in capital markets, financial journalism, or even their own personal investments.From the Foreword by Ken Fisher, CEO of Fisher Investments and Forbes columnist Loeb tells us to put all our eggs in one basket, and watch the basket.John Rothchild, Financial Columnist, Time magazine This book is very special in my life. It is the very first Wall Street book I ever read. After reading 1,200 additional finance books, The Battle for Investment Survival''s principles and concepts are still valid for consistent success.Victor Sperandeo, Author of Trader Vic on Commodities In The Battle for Investment Survival, the turf is Wall Street, the goal is to preserve your capital at all costs, and to win is to make a killing without being killed. This memorable classic, originally writtenTable of ContentsForeword ix Introduction xix 1. IT REQUIRES KNOWLEDGE, EXPERIENCE, AND FLAIR 1 2. SPECULATIVE ATTITUDE ESSENTIAL 5 3. IS THERE AN IDEAL INVESTMENT? 8 4. PITFALLS FOR THE INEXPERIENCED 11 5. HOW TO INVEST FOR CAPITAL APPRECIATION 15 6. SPECULATION VERSUS INVESTMENT 20 7. SOUND ACCOUNTING FOR INVESTORS 23 8. WHY COMMITMENTS SHOULD NOT BE HAPHAZARD 26 9. SOME “DON’TS” IN SECURITY PROGRAMS 29 10. WHAT TO LOOK FOR IN CORPORATE REPORTS 32 11. CONCERNING FINANCIAL INFORMATION, GOOD AND BAD 37 12. WHAT TO BUY—AND WHEN 40 13. IMPORTANCE OF CORRECT TIMING 43 14. STATISTICAL ANALYSIS, MARKET TRENDS, AND PUBLIC PSYCHOLOGY 46 15. PRICE MOVEMENT AND OTHER MARKET ACTION FACTORS 50 16. FURTHER TECHNICAL OBSERVATIONS 55 17. MORE ON TECHNICAL POSITION OF MARKET—ITS INTERPRETATION AND SIGNIFICANCE 62 18. ADVANTAGES OF SWITCHING STOCKS 67 19. “FAST MOVERS” OR “SLOW MOVERS”? 70 20. DETECTING “GOOD” BUYING OR “GOOD” SELLING 73 21. QUALITIES OF THE GOOD INVESTOR OR INVESTMENT ADVISER 76 22. GAINING PROFITS BY TAKING LOSSES 78 23. YOU CAN’T FORECAST, BUT YOU CAN MAKE MONEY 82 24. STRATEGY FOR PROFITS 85 25. THE EVER-LIQUID ACCOUNT 91 26. A REALISTIC APPRAISAL OF BONDS 95 27. MERITS OF MINING SHARES 100 28. DIVERSIFICATION OF INVESTMENTS 103 29. TRAVEL AS AN EDUCATION FOR INVESTORS 106 30. GENERAL THOUGHTS ON SPECULATION 109 31. INVESTMENT AND SPENDING 113 32. INVESTMENT AND TAXATION 117 33. INVESTMENT AND INFLATION 130 POSTSCRIPT 137 34. CASE HISTORY EXAMPLES 141 35. INVESTMENT TRUST INVESTING IS AVERAGE INVESTING 153 36. DO TAX LOSSES MEAN SAVINGS? 155 37. ODD-LOT INVESTORS AREN’T ALWAYS WRONG 157 38. WHAT WOMEN SHOULD KNOW ABOUT STOCKS 159 39. TIP TO THE INVESTOR: ALWAYS WRITE IT DOWN 162 40. WHAT IS BETTER: DOLLARS IN THE HAND—OR “IN THE BUSH”? 164 41. LAST WILLS AND TESTAMENTS SHOULD BE CAREFULLY DRAWN 166 42. PRICE OF STOCK IS WHAT COUNTS 168 43. CAREFUL INVESTORS LOOK FOR SIGNS OF QUALITY MANAGEMENT 170 44. ACT YOUR AGE WHEN INVESTING 172 45. INVESTORS SHOULD BUDGET FOR FUTURE FLUCTUATIONS 174 46. WHAT TO DO ABOUT LOSSES 176 47. SEVERAL FALLACIES OF THE MARKETPLACE 178 48. ARE YOU FAST ENOUGH TO SWITCH CAPITAL? 180 49. HOW A BULL MARKET AFFECTS YOUR INVESTMENT THOUGHTS 182 50. DON’T LET TAX QUESTIONS CLOUD INVESTMENT DECISIONS 184 51. STOP ORDERS NEED CAREFUL EVALUATION 186 52. CASH DIVIDENDS MAY SLOW GROWTH OF YOUNG COMPANY 188 53. MIDDLE COURSE HELPS BUYERS TO AVOID MARKET FALLACIES 190 54. WALL STREET PROVERBS ARE OFTEN FALLACIOUS 192 55. INVESTING IN NEW PRODUCTS 194 56. NEWS AND THE MARKET 196 57. A LITTLE INVESTMENT KNOWLEDGE IS NECESSARY FOR EVERY CITIZEN 198 58. DON’T LOOK FOR MANAGEMENT AT BARGAIN RATES 200 59. MIRACLE PLAN INVESTING 203 60. THE STEP SYSTEM 208 61. DOUBLE DIVIDENDS 211 62. A LAYMAN LOOKS AT BUILDING 221 63. INVESTMENT MANAGER’S DILEMMA 228 64. I DON’T SELL—PEOPLE BUY FROM ME 230 65. MONEY FROM MARKET LETTERS 246 66. THE IDEAL CLIENT 250 67. PERPETUAL PROFITS 253 68. WHAT MAKES A STOCK “GOOD”? 255 69. A DOLLAR TODAY 257 70. THE LEOPARD NEVER CHANGES ITS SPOTS 259 71. WORDS FOR THE BEGINNER 264 72. MORE ON TAPE READING 270 73. WHAT’S THE VALUE OF WATCHING “TAPE”? 279 74. IMPORTANCE OF EQUITY INVESTMENTS 281 75. WALLFLOWER STOCKS 285 76. MORE DOUBLE DIVIDENDS 288 77. NEVER ACCEPT WITHOUT CHECKING 303 78. HOW TO GET THE MOST OUT OF YOUR INVESTMENTS 305
£12.59
John Wiley & Sons Inc The Ernst Young Business Plan Guide
Book SynopsisIn today's competitive business environment, a well thought out business plan is more important than ever before. Not only can it assist you in raising the money needed to start or expand a business-by attracting the interest of potential investors-but it can also help you keep tabs on your progress once the business is up and running.Table of ContentsAcknowledgments vii Preface ix A Dedication to Entrepreneurship and the Entrepreneurs of America xiii About the Authors xv About Ernst & Young’s Strategic Growth Markets xvii The Ernst & Young Entrepreneur of the Year Program xix PART I The Purpose of a Business Plan Chapter One The Business Plan 5 Chapter Two Who Reads the Business Plan? 21 Chapter Three Legal Forms of a Business 37 Chapter Four Due Diligence 57 PART II An In-Depth Look at a Business Plan Chapter Five Contents 69 Chapter Six Executive Summary 71 Chapter Seven General Company Description 79 Chapter Eight Products and Services 83 Chapter Nine Marketing Plan 91 Chapter Ten Operational Plan 125 Chapter Eleven Management and Organization 143 Chapter Twelve Major Milestones 169 Chapter Thirteen Structure and Capitalization 173 Chapter Fourteen Financial Plan 183 Chapter Fifteen Confidentiality Agreements 211 Chapter Sixteen Further Considerations 213 PART III Other Resources for Entrepreneurs Chapter Seventeen Resources for Entrepreneurs 223 Chapter Eighteen Conclusion 225 Index 227
£17.10
John Wiley & Sons Inc Value Investing
Book Synopsis* A second edition to the classic and widely popular Value Investing, which was hailed as better than Benjamin Graham s 1950, The Intelligent Investor.Table of ContentsDedication v Acknowledgments ix Introduction xi 1 Value Investing: Definitions, Distinctions, Results, Risks, Principles 1 2 Searching for Value: Finding the Right Side of the Trade 17 3 Valuation in Principle, Valuation in Practice 41 4 Valuing the Assets: From Book Value to Replacement Costs 71 Example One: Hudson General 91 5 Earnings Power Value 103 Example Two: Magna International 123 6 Growth 141 7 “Good” Businesses 161 8 The Valuation of Franchise Stocks 187 Appendix to Chapter 8: Return Calculations for Franchise Businesses 217 Example Three: WD-40 231 Example Four: Intel 253 9 Research Strategy 301 10 Risk Management and Building Portfolios 321 Investor Profiles 339 Warren Buffett 343 Robert H. Heilbrunn 375 Walter and Edwin Schloss 381 Mario Gabelli 393 Glenn Greenberg 395 Paul Hilal 399 Jan Hummel 403 Seth Klarman 407 Michael Price 411 Thomas Russo 415 Andrew Weiss 419 Index 423
£24.65
John Wiley & Sons Inc Building a Successful Home Staging Business
Book SynopsisLet Barb Schwarzthe creator of the Home Staging conceptshow you what it takes to make it in the Home Staging industry. In 1972, Barb Schwarz coined the term Staging to refer to the process of preparing a home for sale, and turned her idea into a brand new industry. Today, thanks to Schwarz''s pioneering efforts, Home Staging has become a big business with enormous profit potential. If you are thinking about starting a Home Staging business of your own or just want to improve upon an existing one, then Building a Successful Home Staging Business is the book for you. Written in a straightforward and accessible style, this practical guide will show you exactly how to set up a Home Staging business, and help you run and maintain the business as it grows. Some of the issues outlined throughout these pages include: How to write a business plan, market your company, and make the most of your resources How to work through the consulting, bidding, and StaTable of ContentsAcknowledgments ix Introduction 1 Chapter 1 From the Beginning 7 Chapter 2 Starting Your Home Staging Business 21 Chapter 3 Your Business Plan 35 Chapter 4 Cover Yourself! 45 Chapter 5 Services Provided by Home Stagers 61 Chapter 6 Bids, Fees, and Consultations 75 Chapter 7 Marketing Your Home Staging Business 95 Chapter 8 How to Work with Real Estate Professionals 117 Chapter 9 Lights, Camera, Action! Actual Staging 129 Chapter 10 The Future of Home Staging 155 Appendix A Sample Documents 171 Appendix B Increasing Real Estate Agent Earnings through Staging 201 Appendix C Showing Instructions for Homeowners 205 Appendix D Staging Criteria 207 Appendix E Moving Checklist 215 Appendix F Regional Chapters for the International Association of Home Staging Professionals 219 Index 231
£18.69
John Wiley & Sons Inc Building an Import Export Business
Book SynopsisThis bestselling, up-to-date guide shows you how to start your own import/export business, from researching a raw idea to a successful launch to ongoing, profitable business operations.Table of ContentsAcknowledgments xi Introduction 1 1 Your Big Idea: Is It Any Good? 5 Importing Handicrafts from Ecuador 5 Exporting Hardware 6 Importing “World Clocks” 7 Exporting Printer Paper 10 Brokering Computer Equipment 12 Sources of Information and Help 12 2 Is This Business for You? 14 Have You Failed Yet? 14 How Is Your Financial Situation? 15 Interest in and Knowledge of the World 15 Familiarity with Foreign Cultures and Languages 16 Persistence, Patience, and Judgment 17 Attention to Detail 18 Contacts with Buyers or the Ability to Make Them 19 Twenty Important Questions 19 Import Merchant Example 26 Export Agent Example 27 Sources of Information and Help 28 3 Setting Up Your Business 30 Forms of Organization 30 Your Trade Name and Logo 34 Opening a Bank Account 36 Setting Up Your Office 37 Stationery and Printing Needs 38 Accounting and Taxation 39 Obtaining Financing 41 Sources of Information and Help 43 4 Beginning with a Buyer 45 Why Someone Would Buy from You 45 What Value Means to Your Customers 46 Attracting Customers—Some Examples 47 Finding Buyers as an Importer 49 Finding Buyers as an Exporter 50 Sources of Information and Help 54 5 Choosing Products and Suppliers 56 Finding Products to Import 56 Getting Product Samples 60 Testing Products in the U.S. Market 61 Finding Foreign Suppliers 63 Finding Products to Export 68 Lining Up Suppliers 73 The Formal Supply Agreement 75 Protecting Your Interest 80 Sources of Information and Help 81 6 Marketing in the United States and Abroad 86 What Is Marketing? 86 Marketing Imports 87 Marketing Exports 100 Sources of Information and Help 104 7 Money Matters 108 Credit Decisions on Suppliers and Customers 109 Methods of Payment in International Trade 112 Export Credit and Credit Insurance 124 Foreign Currency Transactions 126 Countertrade 128 Sources of Information and Help 130 8 Packing, Shipping, and Insurance 133 Packing for International Shipment 134 International Transportation 141 Shipping Terms 150 Marine Insurance 153 Brokers and Forwarders 155 Sources of Information and Help 160 9 Oh,Those Lovely Documents Contents 164 Commercial Documents 165 Banking Documents 173 Transportation and Insurance Documents 176 Government Formalities Documents 182 A Few More Thoughts on Documents 187 Sources of Information and Help 188 10 The Regulation of Foreign Trade 191 U.S. Customs and Border Protection 191 Getting Deeper into Customs 200 Other Federal Regulations 207 State and Local Regulations 217 Regulation of Exports 218 Sources of Information and Help 224 11 NAFTA, GATT, and Other Trade Pacts 229 Trade Agreements 229 Preferential Arrangements 239 Sources of Information and Help 243 Epilogue 247 Appendix A: Sample Market Study Outline 249 Appendix B: Guidelines for Business Planning 253 Appendix C: Possible Sources of Financing for Your Business 257 Appendix D: Sample Supply Agreements 261 Appendix E: U.S. Export Assistance Centers 279 Appendix F:Avoiding Import/Export Scams 283 Appendix G: Letters from Store Owners 289 Index 297
£16.20
John Wiley & Sons Inc The Ultimate Dividend Playbook
Book SynopsisMany people believe that the key to success in the stock market is buying low and selling high. But how many investors have the time, talent, and luck to earn consistent returns this way? In The Ultimate Dividend Playbook: Income, Insight, and Independence for Today's Investor, Josh Peters, editor of the monthly Morningstar DividendInvestor newsletter, shows you why you don't have to try to beat the market and how you can use dividends to capture the income and growth you seek.Table of ContentsAcknowledgments vii Introduction ix Chapter 1 Income? From Stocks? 1 Chapter 2 Dividends, Values, and Returns 25 Chapter 3 Corporations: Dividend Machines 49 Chapter 4 Dividend Insight 69 Chapter 5 Dividends Past, Present, and Projected 87 Chapter 6 Is It Safe? 101 Chapter 7 Will It Grow? 125 Chapter 8 What’s the Return? 149 Chapter 9 Independence 169 Chapter 10 Managing a Dividend Portfolio 183 Chapter 11 The Future of Dividends 205 Epilogue 221 Appendix 1 The Nuts and Bolts of Dividend Payments 225 Appendix 2 Dividends and Taxes 241 Appendix 3 Banks 257 Appendix 4 Utilities 277 Appendix 5 Real Estate Investment Trusts 295 Appendix 6 Energy Partnerships 313 Appendix 7 Other Dividend Opportunities 333 Index 337
£20.40
John Wiley & Sons Inc Paths to Wealth Through Common Stocks
Book SynopsisPaths to Wealth through Common Stocks contains one original concept after another, each designed to greatly improve the results of those who self-manage their investments -- while helping those who rely on professional investment advice select the right advisor for their needs. Originally written by investment legend Philip A.Table of ContentsForeword ix Preface: The Need for Additional Investment Books xix Part I: Adjusting to Key Influences of the 1960’s 1 Stocks and Inflation; Institutional Buying; Foreign Competition; Increased Population; The Economists Go Out—The Psychologists Come In Part II: How the Greatest Increases in Stock Values Come About 70 Alert Corporate Management; A New Concept; The Role of Institutional Buying; A Reward Usually Overlooked Part III: You and Where Your Investment Business Must Go 91 Methods of Investment Evaluation; Five Steps for Selecting the Right Investment Counselor Part IV: Trivia but not Entirely 122 What About Mergers?; Voting Rights and Proxy Fights; Should You Buy or Sell Stocks Because of U.S. Election Prospects? Part V: Major Growth Industries of the 1960’s 149 The Chemical Industry; The Electronics Industry; The Pharmaceutical Industry; Other Interesting Industries; The False Growth Stocks of the Immediate Post-War Years Index 205
£17.10
John Wiley & Sons Inc Warren Buffett Speaks
Book SynopsisWhen Warren Buffett Speaks. . . people listen. If people want to improve their investing skills, it has to help to study how the Master does it. This short book outlines Buffett''s philosophy and techniques. Peter S. Lynch, Fidelity Investments Common sense with a deft irony . . . John C. Bogle, founder of The Vanguard Group and author, The Little Book of Common Sense Investing It was Warren Buffett''s thoughts and philosophy that first captivated investors. Janet Lowe has done us all a great service by collecting and arranging Warren Buffett''s wit and wisdom in an easy-to-read and enjoyable book. Robert G. Hagstrom, Portfolio Manager, Legg Mason Growth Trust mutual fund, and author, The Warren Buffett Way, Second Edition A must-read. Buffett''s wit and wisdom is a roadmap for anyone looking to succeed in business, investing, and life. Steve Halpern, Editor, www.thestockadvisors.comTable of ContentsAcknowledgments xiii Introduction 1 ABOUT LIFE 13 Omaha? Omawhere? Omawhat? 13 Live how you want to live 15 Eat what you want to eat 15 Have a hobby 16 Be passionate 19 Aim high 20 Aim well 23 Focus on your goals 23 Keep life in perspective 23 Be honest 27 Tell the whole truth, please 28 Letter to the Wall Street Journal 30 Cultivate good character 36 Believe in yourself 37 But don’t get too stuck on yourself 38 Dodge the hype 44 Share your wisdom 44 Disregard old age 45 ALSO: Attention Investors: Warren Buffett is crossing the street 20 Nice guys finish first—sometimes 24 Choose your heroes well 40 Rose Blumkin, matriarch of the Nebraska Furniture Mart 47 ABOUT FRIENDS 51 Know what friendship is 51 Go to bat for your pals 51 Guiding Governor Schwarzenegger 52 Build lifelong friendships 54 ALSO: Charlie Munger 54 ABOUT FAMILY 58 Don’t spoil your kids 58 The Buffett children 62 Work things out with your wife 75 Be kind to your mother 81 ALSO: What others say about Warren Buffett 70 Astrid Menks, Buffett’s second wife 78 The controversial Susan T. Buffett Foundation 79 What Leila Buffett had to say about her son 82 What the critics say 82 ABOUT WORK 85 Work for the fun of it 85 Start early 88 Work where you want to work 89 Work with good people 90 Give a pat on the back 92 Be loyal to your partners 93 Guard your time 95 Know when to quit 97 ABOUT RUNNING A BUSINESS 99 Communicate well 99 Know when to say no 100 Set an example 101 Take care of shareholders 104 Hire well, manage little 110 Put a premium on experience 111 Be smart about allocating capital 111 Be brave 112 Use crossover skills 112 The mighty machine called Berkshire Hathaway 113 ALSO: The Berkshire Hathaway annual meeting 102 Goodbye to a good idea 106 The Salomon scandal 108 Berkshire Hathaway online 109 ABOUT INVESTING 116 Have a philosophy 116 Recognize the enemy: inflation 117 Experience epiphany 119 Never mind what the professors say 125 Meet Mr. Market—your servant, not your guide 126 Ignore Mr. Market’s moods 129 Listen for opportunity’s call 130 Know the difference between price and value 133 Seek intrinsic value 133 Expect to be out of step 134 Earnings, earnings, earnings 137 Look forward, not back 138 Avoid risk 139 Don’t gamble 141 Watch for unusual circumstances 143 Don’t be surprised by circumstances 143 Avoid excessive debt 144 Look for screaming bargains 145 Arbitrage when possible 145 Be patient 148 Think for yourself 149 Have the right tools 150 Be wary of Wall Street 151 Only buy securities that you understand 152 An old dog prowls new markets 153 PetroChina 155 An expanding circle of competence 157 Buy reading glasses 160 Become an investigative reporter 161 Keep it simple 162 Think big 164 Know what you’re looking for 166 Don’t sweat the math 167 Admire frugality 169 Set realistic goals 171 Face facts 171 Expect change 174 Be capable of change 175 Admit your mistakes 182 No thumb sucking 185 Join AA (Airlines Anonymous) 186 Learn from your mistakes 190 Buy storybook stocks 191 Seek excellent companies 193 Stick with quality 196 Junk bonds 197 Appreciate franchise value 199 Respect pricing power 202 Find a company with cheap float (then try to not misplace the company) 203 Learn to like Monopoly 204 Find managers who think like owners 205 Management is important, but a good company is more important 206 Avoid the Institutional Imperative (the tendency for corporations to act like lemmings) 206 Favor companies that repurchase their own stock 207 Don’t worry about diversification 207 Invest for the long term 208 To sum up 209 And when you’ve become wealthy by following in the footsteps of Buffett, pay your dues to society 210 Investing is one way of contributing to the public well-being 210 When rewards are disproportionate 211 Pay your taxes and don’t complain 214 Give as generously as you receive 218 Thoughts on charitable giving 223 Will Buffett’s gift affect the company? 226 The last word 227 ALSO: Benjamin Graham 120 The Used-Cigar-Butt School of Investing 135 He tells them, but they don’t listen 172 Baby Berkshire shares 175 What does the Bill and Melinda Gates Foundation do? 224 Berkshire’s Book Value vs. the S&P 500 231 Berkshire Hathaway Share Price 233 Time Line 235 Endnotes 241 Permissions 271
£17.10
John Wiley & Sons Inc Balanced Scorecard
Book SynopsisThis book provides an easy-to-follow roadmap for successfully implementing the Balanced Scorecard methodology in small- and medium-sized companies. Building on the success of the first edition, the Second Edition includes new cases based on the author's experience implementing the balanced scorecard at government and nonprofit agencies.Table of ContentsPreface ix Acknowledgments xv Chapter 1 Introduction to the Balanced Scorecard 1 Chapter 2 Adapting the Balanced Scorecard to Fit the Public and Nonprofit Sectors 25 Chapter 3 Before You Begin 46 Chapter 4 Training and Communication Planning for Balanced Scorecard Success 82 Chapter 5 Mission, Values, and Vision 105 Chapter 6 Strategy: The Core of Every Balanced Scorecard 130 Chapter 7 Strategy Maps 150 Chapter 8 Performance Measures, Targets, and Initiatives 209 Chapter 9 Creating Alignment by Cascading the Balanced Scorecard 256 Chapter 10 Linking Resource Allocation to the Balanced Scorecard 276 Chapter 11 Reporting Results 286 Chapter 12 The City of Charlotte: A Balanced Scorecard Success Story 312 Chapter 13 Sustaining Balanced Scorecard Success 330 Appendix The Importance of Terminology and a Balanced Scorecard Glossary 343 Index 353
£54.00
John Wiley & Sons Inc Complete MBA For Dummies
Book SynopsisWant to get an MBA? The Complete MBA For Dummies, 2 nd Edition, is the practical, plain-English guide that covers all the basics of a top-notch MBA program, helping you to navigate today's most innovative business strategies.Table of ContentsIntroduction. Part I: The New, Improved World of Business. Chapter 1: The MBA in a Nutshell. Chapter 2: Today’s Hottest Business Trends. Chapter 3: Entrepreneurship for Everyone. Chapter 4: Global Business: Fun and Profit in Katmandu. Chapter 5: Polish Your Crystal Ball for Some Strategic Planning. Part II: Managing a Business in the New World. Chapter 6: Managing Is Hard; Leading Is Even Harder. Chapter 7: Carrots and Sticks: The ABCs of Motivating Employees. Chapter 8: Hiring and Firing: How to Get Good Employees and Keep Them. Chapter 9: One for All and All for One: Building Teams That Really Work. Part III: Money: What You Don’t Know Will Hurt You. Chapter 10: All You Ever Wanted to Know about Accounting. Chapter 11: Working Your Way through Financial Statements. Chapter 12: Deciphering the Mysteries of Financial Planning and Analysis. Chapter 13: Understanding Stocks and Bonds. Chapter 14: It Takes Money to Make Money. Part IV: Marketing in the New World. Chapter 15: You Are Nothing without a Customer. Chapter 16: Getting Noticed with Advertising and Promotion. Chapter 17: Navigating the New World of Selling. Part V: Other Important Stuff. Chapter 18: Manufacturing and Distribution: It’s a Brave New World. Chapter 19: The Ins and Outs of Risk Management. Chapter 20: In Business, Everything Is Negotiation. Chapter 21: Econ 101: The Basics of Economics. Part VI: The Part of Tens. Chapter 22: Ten Biggest Mistakes Managers Make. Chapter 23: Ten Effective Ways to Market Your Products and Services. Chapter 24: Ten (Or So) Steps to Improve Your Cash Flow. Index.
£17.09
John Wiley & Sons Inc The Five Most Important Questions You Will Ever
Book SynopsisEnduring wisdom taken from the "father of modern management" with contributions from some of today's top organizational thought leaders With five simple questions, Peter F. Drucker and five well-known contributors challenge leaders to take a close look at the very heart of their organizations and what drives them.Trade Review“I rarely read long tomes of hundreds of pages but this book is great; it’s short and sharp and is good practical brain food.” (B2B Marketing, October 2015)Table of ContentsForeword xi About Peter F. Drucker xvii Why Self-Assessment? 1Peter F. Drucker Question 1: What Is Our Mission? 11Peter F. Drucker with Jim Collins Question 2: Who Is Our Customer? 23Peter F. Drucker with Philip Kotler Question 3: What Does the Customer Value? 37Peter F. Drucker with Jim Kouzes Question 4: What Are Our Results? 49Peter F. Drucker with Judith Rodin Question 5: What Is Our Plan? 63Peter F. Drucker with V. Kasturi Rangan Transformational Leadership 77Frances Hesselbein The Self-Assessment Process 83 Suggested Questions to Explore 87 Definitions of Terms 99 About the Contributors 103 About the Leader to Leader Institute 107 Acknowledgments 109 Additional Resources 111 Index 115
£14.40
John Wiley & Sons Inc Essentials of Business Processes and Information
Book SynopsisWritten in partnership with SAP, this is the first IS book that provides the right introductory content and combines it with hands-on practice in the form of a simulated SAP environment. It also offers a unique perspective by discussing both the typical processes in organizations and the role of information systems in supporting these processes.Table of ContentsChapter 1: Organizations, Processes, and Information Systems. Chapter 2: Enterprise Systems. Chapter 3: The Procurement Process. Chapter 4: The Fulfillment Process. Chapter 5: The Production Process. Chapter 6: Integrated Processes.
£60.50
John Wiley & Sons Inc Value Investing For Dummies
Book SynopsisWant to follow in Warren Buffett's investing footprints? Value Investing For Dummies, 2nd Edition, explains what value investing is and how to incorporate it into your overall investment strategy. It presents a simple, straightforward way to apply proven investment principles, spot good deals, and produce extraordinary returns. This plain-English guide reveals the secrets of how to value stocks, decide when the price is right, and make your move. You'll find out why a good deal is a good deal, no matter what the bulls and bears say, get tips in investing during jittery times, and understand how to detect hidden agendas in financial reports. And, you'll uncover the keys to identifying the truly good businesses with enduring and growing value that continually outperform both their competition and the market as a whole. Discover how to: Understand financial investments View markets like a value investor Assess a company's value Make use oTable of ContentsIntroduction 1 Part I: The What and Why of Value Investing 7 Chapter 1: An Investor’s Guide to Value Investing 9 Chapter 2: How Value Investors View the Markets — and Vice Versa 23 Chapter 3: The Value Investing Story 37 Part II: Fundamentals for Fundamentalists 57 Chapter 4: A Painless Course in Value Investing Math 59 Chapter 5: A Guide to Value Investing Resources 85 Chapter 6: Statements of Fact Part 1: Understanding Financial Statements 97 Chapter 7: Statements of Fact Part 2: The Balance Sheet 111 Chapter 8: Statements of Fact Part 3: Earnings and Cash Flow Statements 131 Chapter 9: Games Companies Play: Irrational Exuberance in the Financial Statements 151 Chapter 10: On Your Ratio Dial: Using Ratios to Understand Financial Statements 169 Part III: So You Wanna Buy a Business? 187 Chapter 11: Appraising a Business 189 Chapter 12: Running the Numbers: Intrinsic Value 195 Chapter 13: Running the Numbers: Strategic Financials 217 Chapter 14: Beyond the Numbers: Strategic Intangibles 239 Chapter 15: Warren’s Way 257 Chapter 16: Shopping for Value: Deciding When the Price Is Right 267 Part IV: Becoming a Value Investor 285 Chapter 17: Special Packages: Funds, REITs, and ETFs for Value Investors 287 Chapter 18: Shopping for Value: A Practical Approach 315 Part V: The Part of Tens 329 Chapter 19: Ten Signs of Value 331 Chapter 20: Ten Signs of Unvalue 337 Chapter 21: Ten Habits of Highly Successful Value Investors 343 Index 347
£17.09
John Wiley & Sons Inc GIS for Business and Service Planning
a huge range and FREE tracked UK delivery on ALL orders.
£124.15
John Wiley & Sons Inc Dow Theory for the 21st Century
Book SynopsisDow Theory for the 21st Century includes everything that the serious investor needs to know about the stock market and how to become financially successful. Expanding upon Charles Dow''s 20th century stock market theory, author Jack Schannep provides readers with a better understanding of the ingredients that make up the world of finance, specifically the American stock market, in order to help them achieve investment success.Trade Review'This book is the definitive guide to modern-day Dow Theory from probably its most consistently successful practitioner.' (Investors Chronicle, June 2010).Table of ContentsAcknowledgments ix Introduction: The What and Why of this Book xi Part I The Traditional Dow Theory Chapter 1 By Way of Background 3 Chapter 2 Signals Described 17 Chapter 3 A Look at the Record 25 Chapter 4 Give-and-Take about the Theory 37 Part II Bulls and Bears Chapter 5 Bull Markets 53 Chapter 6 Bear Markets 61 Chapter 7 Bull and Bear Markets of the Twentieth and Twenty-First Centuries 69 Part III The Dow Theory for the Twenty-First Century Chapter 8 Capitulation: The Selling Climax 79 Chapter 9 The Heart of the Theory 97 Part IV Other Important Indicators Chapter 10 Schannep Timing Indicator: The Other Major-Trend Indicator 123 Chapter 11 “Three Tops and a Tumble”: Leading Topping Indicators 129 Chapter 12 Bonus Indicators 145 Part V The Epitome of Synergy Chapter 13 The All-Inclusive Composite Indicator 169 Chapter 14 Practical Uses: Putting It All Together 177 Appendix A “Official” Complete and Detailed Record of the Original Dow Theory 183 Appendix B Capitulation Indicators Detailed Record 195 Appendix C CPA Verification of the Schannep Indicator 203 Appendix D Complete Record of the Composite Timing Indicator 207 About the Author 217 Index 219
£40.00
John Wiley & Sons Inc The Complete Guide to Option Strategies
Book SynopsisImportant insights into effective option strategies In The Complete Guide to Option Strategies, top-performing commodity trading advisor Michael Mullaney explains how to successfully employ a variety of option strategies, from the most risky--selling naked puts and calls--to more conservative strategies using covered positions. The author covers everything from options on stocks, exchange-traded funds, stock indexes, and stock index futures to essential information on risk management, option Greeks, and order placement. The book provides numerous tables and graphs to benefit beginning and experienced traders. Written by a CTA who has successfully employed various options strategies to generate market-beating returns, The Complete Guide to Option Strategies will be an important addition to any trader''s library. Michael D. Mullaney (Jacksonville, FL) is a high-ranking commodity trading advisor who specializes in option selling strategies.Table of ContentsPreface xv Acknowledgments xx Part One Learning the Fundamentals 1 Chapter 1 Getting Ready to Trade 3 Why Trade Options? 3 Developing a Game Plan 4 What Is an Option? 8 Defining Key Terms 12 Final Thoughts 17 Chapter 2 Option Fundamentals 19 Overview 19 Opening and Closing Positions 19 Option Buying 20 Option Selling 22 Spreads 26 Bid/Ask Spread 26 Option Chain 27 Final Thoughts 28 Chapter 3 What Determines an Option’s Price? 31 Overview 31 Factors Affecting Option Pricing 33 Forecasting Option Prices 41 Final Thoughts 43 Chapter 4 Tools of the Trade — Greeks 45 Overview: Greek Basics 45 Position Greeks 54 Converting an Option Chain to Greeks 55 More on Delta 56 Final Thoughts 62 Chapter 5 Buying versus Selling 65 Overview 65 Comparing Long and Short Options 66 Option Buying 69 Option Selling 70 Bullish versus Bearish 73 Learning How to Roll 73 Final Thoughts 76 Chapter 6 Understanding Spread Terminology 77 What Is a Spread? 77 Spread Buying versus Selling 78 Spread Strategy Summary 83 Final Thoughts 86 Part Two The Four Basic Option Strategies 87 Chapter 7 Long Call 91 Overview 91 Strategy Examples 93 Beyond the Basics 104 Final Thoughts 107 Chapter 8 Long Put 109 Overview 109 Strategy Examples 111 Beyond the Basics 122 Final Thoughts 124 Chapter 9 Short Call 125 Overview 125 Strategy Examples 127 Beyond the Basics 139 Final Thoughts 140 Chapter 10 Short Put 141 Overview 141 Strategy Examples 143 Beyond the Basics 154 Final Thoughts 157 Part Three Spread Strategies 159 Chapter 11 Vertical Spread 161 Overview 161 Strategy Examples 163 Beyond the Basics 173 Final Thoughts 177 Chapter 12 Iron Condor 179 Overview 179 Strategy Examples 180 Beyond the Basics 188 Final Thoughts 189 Chapter 13 Unbalanced Spreads 191 Overview 191 Strategy Examples 192 Beyond the Basics 201 Final Thoughts 202 Chapter 14 Straddle and Strangle 205 Overview 205 Strategy Examples 207 Beyond the Basics 218 Final Thoughts 222 Chapter 15 Butterfly Spread 223 Overview 223 Strategy Examples 226 Beyond the Basics 238 Final Thoughts 240 Chapter 16 Condor Spread 243 Overview 243 Strategy Examples 246 Beyond the Basics 258 Final Thoughts 260 Chapter 17 Calendar Spread 263 Overview 263 Strategy Examples 266 Beyond the Basics 279 Final Thoughts 283 Chapter 18 Diagonal Spread 285 Overview 285 Strategy Examples 288 Beyond the Basics 298 Final Thoughts 299 Chapter 19 Covered Call 301 Overview 301 Strategy Example 302 Beyond the Basics 306 Final Thoughts 310 Chapter 20 Combination 313 Overview 313 Strategy Examples 316 Beyond the Basics 321 Final Thoughts 324 Chapter 21 Collar 327 Overview 327 Strategy Example 329 Beyond the Basics 332 Final Thoughts 334 Chapter 22 Covered Combination 335 Overview 335 Strategy Example 338 Beyond the Basics 341 Final Thoughts 342 Part Four Comparing Underlying Instruments 343 Chapter 23 Comparing Stocks, ETFs, Indexes, and Stock Index Futures 345 Overview 345 Size of Instrument 346 Exercise and Assignment 347 Margin 348 Commission and Bid/Ask 349 Taxes 351 Final Thoughts 351 Chapter 24 ETF Options 353 Overview 353 What Is an ETF? 353 ETF Options 354 Final Thoughts 362 Chapter 25 Stock Index Options 363 Overview 363 What Is a Stock Index? 364 Index Options 364 Index Volatility Skew 370 Index Time Decay 370 Final Thoughts 371 Chapter 26 Stock Index Futures Options 373 Overview 373 What Is a Futures Contract? 375 Stock Index Futures Option 379 Bonus Section 385 Final Thoughts 389 Part Five Advanced Topics 391 Chapter 27 Assessing Volatility 393 Overview 393 Comparison of Implied Volatilities 398 How to Compare Volatility 399 Response to Changing Conditions 401 Market Volatility Gauges 406 Volatility Skew 407 Delta-Neutral Volatility Trading 414 Consider Trading Volatility Index Options 415 Final Thoughts 416 Chapter 28 Exercise and Assignment 417 Overview 417 American-Style Exercise 420 European-Style Exercise 421 Cash Settlement 422 Automatic Exercise 423 Spread Risks 425 Likelihood of Exercise 427 Assignment Risk 429 Exercise and Assignment Procedures 430 Final Thoughts 431 Chapter 29 Risk Management 433 Run It Like a Business 433 Controlling Risk 438 Final Thoughts 448 Chapter 30 Margin 449 Overview 449 Stock, ETF, Index, and Futures Margin 450 Comparing Margin 459 Margin Planning 460 Interest 462 Cash Accounts and IRAs 462 Final Thoughts 464 Chapter 31 Placing an Order 465 Overview 465 Types of Option Orders 466 Strategy: The Multistep Order 471 Bid/Ask Spread 472 Commissions 475 Trading Platform 476 Clearing of Trades 476 Final Thoughts 476 Chapter 32 Taxation of Options 479 General Rules 479 Option Taxation 480 Tax Reduction for Broad-Based Index and Futures Options 482 Internal Revenue Service Circular 230 Notice 485 Final Thoughts 485 Appendix A Strategies at a Glance—ETFs 487 Bullish ETF Strategies 488 Bearish ETF Strategies 492 Trading outside a Range 497 Trading inside a Range 499 Appendix B Strategies at a Glance—Indexes 503 Bullish Index Strategies 503 Bearish Index Strategies 506 Trading outside a Range 508 Trading inside a Range 510 Appendix C Strategies at a Glance—Stock Index Futures 515 Bullish Stock Index Futures Strategies 515 Bearish Stock Index Futures Strategies 519 Trading outside a Range 523 Trading inside a Range 525 Glossary 529 About the Author 543 Index 545
£59.25
John Wiley & Sons Inc Security Analysis and Business Valuation on Wall
Book SynopsisAn insider''s look at security analysis and business valuation, as practiced by Wall Street, Corporate America, and international businesses Two major market crashes, numerous financial and accounting scandals, growth in private equity and hedge funds, Sarbanes Oxley and related regulations, and international developments changed security analysis and business valuation substantially over the last fourteen years. These events necessitated a second edition of this modern classic, praised earlier by Barron''s as a welcome successor to Graham and Dodd and used in the global CFA exam. This authoritative book shows the rational, rigorous analysis is still the most successful way to evaluate securities. It picks up where Graham and Dodd''s bestselling Security Analysis - for decades considered the definitive word on the subject - leaves off. Providing a practical viewpoint, Security Analysis on Wall Street shows how the values of common stock are Trade ReviewPraise for the First Edition "A cross between a textbook for analysts-in-training and a tell-all expose of the analyst profession." —Business Week "Hooke has written a step-by-step explanation of how to analyze stock. He takes the reader from the basic yardsticks used to judge companies -- intrinsic value, relative value and acquisition value - and goes all the way to analyzing stocks in emerging overseas markets." —ABC News.com Advance Praise for the Second Edition "A welcome successor to Graham and Dodd's Security Analysis." —Barron's Advance Praise for the Second Edition "Jeff Hooke has written an excellent overview of the process of valuing individual equities and entire companies. It is useful for a variety of readers, ranging from active investors, to financial advisors, to principals of companies contemplating a sale or public offering. It has a tremendous amount of material between the covers of a single volume." —William H. Heyman, Vice Chairman and Chief Investment Officer, The Travelers Companies, Inc.; and former director, Division of Market Regulation, U.S. Securities and Exchange Commission "The Second Edition is released at a propitious time. As we recover from the worst financial crisis in recent memory, the need for thorough analysis is critical. Hooke's primer is readable and easily understood, even by those without CFA credentials. It should help practitioners avoid the mistakes of casual decision making." —Dennis Flannery, retired executive vice president, Inter-American Development Bank "This book is more than a textbook for anyone who wants to make a living as a valuation expert or securities analyst —it is a living, breathing, 'how to' guide on the latest methods, with plenty of real-life examples that hit home." —Ron Everett, Managing Partner, Certified Business Appraiser, Business Valuation Center "The financial crises of the past decade highlight the imperative for disciplined valuation. Hooke provides a broad array of concepts and tools to achieve this. He goes beyond a purely formulaic approach to focus on idiosyncratic characteristics in both public and private equity contexts." —Alex Triantis, Chair, Finance Department, Robert H. Smith School of Business, University of Maryland "This book represents an impressive effort to offer comprehensive coverage of business valuation. It combines the deep insight of an insider with the rigor of top academics. Jeff is not shy about giving his opinion, which makes the reading experience unique and exciting." —Ludovic Phalippou, Professor of Finance, University of Amsterdam "This is an invaluable reference for the M&A professional. Hooke provides a view of the forest, in giving the rationale for the methods in use and how they compare with each other. The text is punctuated by his own wry commentary and frequent examples." —Gary Nelson, Chairman, Sigma Federal, former vice chairman of SRA International "This book is a highly useful resource for any existing or soon-to-be professional in the financial analysis field. It is a must-read presentation of the valuation methodologies utilized in the private equity business." —Matt Newton, Partner, Columbia Capital "Hooke's book provides an insightful approach to both financial analysis and business valuation. It should be required reading for anyone involved in the securities industry, from money managers to investment bankers." —George Konomos, Senior Advisor, Latigo Partners “The new edition of Jeffrey Hooke’s (Hooke Associates and FOCUS, LLC) Security Analysis and Business Valuation on Wall Street contains fresh insights and updates on the fundamentals of security analysis and business valuation, new case study examples, and four new chapters. Among other reasons, Hooke points out why experts should read this practitioner-oriented book: "Two market crashes -- and the attendant fallout -- suggest that business appraisers consider the use of higher discount rates, the need for recessions in many forecasts, and the inclusion of political risk in certain US business evaluations…The validity of each methodology -- be it guideline companies or discounted cash flow, to give two examples -- has to be cross checked against its counterparts now more than ever, or the appraiser can get false readings.” — Business Valuation Review, May 5, 2010Table of ContentsPreface xiii What Is Security Analysis? xiv Recent Trends xv Why Study Security Analysis and Business Valuation? xvii Overview of the Contents xviii What’s New in the Second Edition xviii PART ONE The Investing Environment 1 CHAPTER 1 Why Analyze a Security? 3 The Origins of Security Analysis 3 No Profit Guarantee 5 Day-to-Day Trading and Security Analysis 6 Herd Psychology and Security Analysis 6 Momentum Investors 7 Game Theory and Security Analysis 8 The Premise of Security Analysis 9 Scientific Method 10 Security Analysis Techniques 12 Basic Valuation Approaches 12 Other Valuation Approaches 14 Summary 16 CHAPTER 2 Who’s Practicing Security Analysis and Business Valuation? 17 Securities Firms and Their Analysts 18 Major Institutional Investors 20 A Dying Art? 21 Index Funds and Exchange-Traded Funds 24 Small Money Management Firms 25 Rating Agencies 26 Individual Investors: A Special Category 26 Business Valuation 28 Summary 28 CHAPTER 3 Seeking a Level Playing Field 29 Brief History of Securities Regulation 30 The Chief Regulator: The Securities and Exchange Commission 32 Sales and Trading Practices 34 Margin Regulation 37 The Life Cycle of a New Security Issue 37 Summary 49 CHAPTER 4 Other Sources of Information 51 The Business Media 51 The Free Internet 53 The Fee-for-Service Internet 53 Trade Associations, Consulting Firms, Government Publications, and Financial Organizations 54 Credit Rating Agencies 54 Securities Firm Research 55 Newswires 56 Independent Expert Services 56 Summary 57 PART TWO Performing the Analysis and Writing the Research Report 59 CHAPTER 5 Starting the Analysis 61 The Security Analysis Process 62 Model Research Report 63 The Analyst’s Responsibility 64 The Cascade of Projections 66 Selecting Stocks for Study: Top-Down versus Bottom-Up 67 Limited Time and Resources 68 The Margin of Safety 69 Summary 70 CHAPTER 6 Industry Analysis 73 Background 73 Organizing an Industry Analysis 75 Industry Classification 75 External Factors 81 Demand Analysis 86 Supply Analysis in the Industry Study 92 Profitability, Pricing, and the Industry Study 94 International Competition and Markets 95 Summary 98 CHAPTER 7 Company-Specific Analysis 99 Systematic Approach of a Business Analysis 101 Overview and Business Description 106 Products and Markets Section 106 Production and Distribution 110 Competition 111 Other Topics Included in the Business Review114 Summary 117 CHAPTER 8 Financial Statement Analysis of an Established Business 119 Beginning the Investigation 120 The Raw Materials of an Analysis 121 Evolution of the Approach to Financial Statements 122 Illustration of the Basic Approach 123 Review of Neiman Marcus Financial Analysis 135 Summary 137 CHAPTER 9 The Limitations of Accounting Data 139 Basic Accounting Issues 141 Global Issues 141 Company-Specific Accounting Issues 145 The Fundamental Objective of Public Companies 149 Case Study: Stability Corporation 150 Summary 163 CHAPTER 10 Financial Analysis and Company Classification 165 Company Classifications 166 The Mature Company 166 The Growth Company 167 The Cyclical Company 169 The Declining Company 175 The Turnaround 175 The Pioneer 175 Financial Games 176 Extra Shares Outstanding? 180 Summary 180 CHAPTER 11 Financial Projection Pointers 181 The Cascade of Projections 182 The Typical Financial Projection 182 Alternate Means of Forecasting 183 Critiquing the Huntsman Chemical Projection 185 Preparing Projections 186 Cyclical Company Forecast 189 Hockey Stick Phenomenon 190 Summary 192 PART THREE Valuation and the Investment Decision 193 CHAPTER 12 Valuation Methodologies 195 Assessing Each Methodology 196 Applying Multiple Methodologies 197 Summary 198 CHAPTER 13 Intrinsic Value and Discounted Cash Flow 199 Issues in Applying Discounted Cash Flow 200 Discounted Cash Flow versus Relative Value 203 Discounted Cash Flow and the P/E Ratio 203 The Discounted Cash Flow Valuation Process 205 Summary 208 CHAPTER 14 Discounted Cash Flow: Choosing the Right Discount Rate 209 Beta 211 The Buildup Method for the Equity Rate of Return 212 Special Cases 213 Summary 215 CHAPTER 15 The Relative Value Approach 217 Real Estate Analogy 218 What’s the Right P/E Ratio? 218 Case Study: Temporary Staffing Services 219 Valuing an Initial Public Offering 222 Balance Sheet Items and Relative Value 223 How High Is Up? 223 Summary 223 CHAPTER 16 Marginal Performers 225 Defining the Problem Company 226 Small Companies and Relative Value 232 Summary 232 CHAPTER 17 The Mergers and Acquisitions Market, Security Analysis, and Valuation 233 Understanding Leveraged Buyouts 235 LBO Mechanics 236 Case Study: Keane, Inc. 237 How Much Can the PE Firm Pay? 237 LBO Valuation and the Security Analysis of a Publicly Traded Company 239 Strategic Takeover Values 240 Summary 241 CHAPTER 18 Sum-of-the-Parts Analysis 243 Background 243 Taxes Favor Spin-Offs versus Cash Sales 244 Sample Sum-of-the-Parts Analysis 245 Business Division Valuation 245 Nonoperating Corporate Assets and Liabilities 250 Unlocking Sum-of-the-Parts Values 250 Summary 251 CHAPTER 19 The Investment Recommendation 253 Summary Top-Down Analysis 255 Discounted Cash Flow Valuation 257 Relative Value/Sum-of-the-Parts Valuation Approach 259 Acquisition Value 261 Leveraged Buyout Method 262 Investment Recommendation 265 Summary 266 PART FOUR Special Cases 267 CHAPTER 20 Private Equity 269 Industry Segmentation and Size 269 Fee Structure 270 Private Equity Does Not Beat the S&P 500 271 Private Equity Funds and Information Collection 271 Private Equity Changes to the Public Company Valuation Methodology 272 Liquidity and Control Adjustments 273 Summary 277 CHAPTER 21 Natural Resource Companies 279 General Methodology 279 The Financial Reporting of Natural Resource Companies 281 Case Study: Encore Acquisition Company 284 Mining Companies 290 Summary 292 CHAPTER 22 Financial Industry Stocks 293 Product Lines 295 The Nature of Financial Assets 296 Two Sets of Skills 298 Lending 298 Large Commercial Banks 304 Summary 307 CHAPTER 23 Insurance Companies 309 General Background 309 Principal Functions of an Insurance Company 311 Insurance Company Regulation 312 Financial Statement Analysis: Property and Casualty Company 313 Financial Statement Ratios 317 Life Insurance Companies 317 Summary 319 CHAPTER 24 Highly Speculative Stocks 321 Background 321 Discounted Cash Flow 323 Case Study: Ballard Power Systems 324 Venture Capital Markups and IPOs 328 Historical Perspective 329 Security Analysis, Technology Stocks, and Portfolio 329 Summary 330 CHAPTER 25 Distressed Securities and Turnarounds 331 Investment Opportunities 332 Screening Technique 333 Recognize the Options of an Unsuccessful Turnaround 334 Financial Analysis of a Company with Leverage Problems 335 The Investment Decision 338 Evaluating Turnarounds 339 Liquidations 340 Summary 342 CHAPTER 26 International Stocks 343 The Role of Security Analysis 343 American Depositary Receipts 345 Developed Country Markets 346 Relative Value Multiples 349 Summary 350 CHAPTER 27 The Emerging Markets 351 Emerging Markets and Security Analysis 353 Stock Pricing Guidelines 357 Financial Projections 360 Emerging Market Equity Discount Rate 361 Relative Value in the Emerging Markets 364 Summary 366 PART FIVE In Conclusion 367 CHAPTER 28 Asset Booms and Busts 369 The 2008 Crash: Contributing Causes 369 Collapse of the U.S. Housing Bubble 370 Failure of the Referees 371 The Certainty of Another Crash 375 How Might Security Analysis and Business Valuation Change? 377 Summary 378 CHAPTER 29 Closing Thoughts 379 Notes 383 About the Author 385 Index 387
£60.00
John Wiley & Sons Inc Fisher Investments on Materials
Book SynopsisThe second installment of the Fisher Investments On series is a comprehensive guide to the Materials sector. Fisher Investments on Materials can benefit both new and seasoned investors, covering everything from Materials sector basics to specific industry insights to practical investing tactics, including common pitfalls to avoid.Table of ContentsForeword ix Preface xi Acknowledgments xv Part I Getting Started in Materials 1 Chapter 1 Materials Basics 3 Materials 101 4 Commodity Pricing Basics 9 The Production Process 13 Chapter 2 A Brief History of Materials 29 The Industrial Revolution 29 Structural Shifts in Metals Since the Industrial Revolution 33 Industrialization of the Emerging Markets 37 Chapter 3 Materials Sector Drivers 41 Key Drivers 42 Drivers at Work 46 Case Study: Copper 51 Part II Next Steps: Materials Details 63 Chapter 4 Materials Sector Breakdown 65 Global Industry Classification Standard (GICS) 66 Global Materials Benchmarks 67 Metals & Mining Industry 74 Chemicals 88 Construction Materials 96 Paper & Forest Products 96 Containers & Packaging 98 Chapter 5 Staying Current: Tracking Sector Fundamentals 101 What to Watch 102 Chapter 6 Case Study: The 2003 to 2007 Bull Market in Materials 117 The Backdrop 119 Demand Growth 120 Supply Constraints 130 The Growth of Mergers and Acquisitions 136 Part III Thinking Like a Portfolio Manager 139 Chapter 7 The Top-Down Method 141 Investing is a Science 141 The Top-Down Method 144 Top-Down Deconstructed 150 Managing Against a Materials Benchmark 157 Chapter 8 Security Analysis 163 Make Your Selection 164 A Five-Step Process 165 Important Questions to Ask 173 Chapter 9 Materialize Your Portfolio: Investing Strategies 181 Strategy 1: Adding Value at the Industry and Sub-industry Level 182 Strategy 2: Adding Value at the Security Level 189 Strategy 3: Adding Value in a Materials Sector Downturn 190 Strategy 4: Investing in Commodities 191 Appendix A: Materials Sector Resources 195 Appendix B: Top 10 Materials Firms by Industry 199 Notes 203 Glossary 217 About the Authors 223 Index 225
£18.90
John Wiley & Sons Inc The Attractor Factor
Book SynopsisDiscover the secret to lifelong wealth and happiness! Now in an expanded paperback second edition that includes an Attractor Factor IQ test, exercises for putting lessons into practice, new stories, and more, Dr. Joe Vitale presents his even more powerful and effective five-step plan for attracting wealth, happiness, and success to your life. Whatever you want to attract to your life, Joe Vitale has the secret to make it happen. I highly recommend you get this book and get started today. -Morris Goodman, author of The Miracle Man I got enough by the end of chapter one to create a major energy shift in my life! Joe''s easy, direct, and knowledgeable presentation allowed me to embrace important principles effortlessly. -Dee Wallace, actress and star of E.T.: The Extra-Terrestrial Joe Vitale not only appeared in The Secret, he is one of the few who knows and lives attraction! Contained in the five steps that Joe maps out in TTable of ContentsAcknowledgments. Foreword (Dr. Robert Anthony). Preface. The Author's True Confession. Chapter 1. Miracles Never Stop. Chapter 2. What's Your Attractor Factor IQ? Chapter 3. An Attractor Factor Case Study. Chapter 4. The Truth About the Law of Attraction. Chapter 5. The Proof. Chapter 6. What Are You Dismissing? Chapter 7. How to Attract Money. Chapter 8. It Can Be Another Way. Chapter 9. A Shortcut to Attracting Whatever You Want. Chapter 10. An Introduction to the Attractor Factor. Chapter 11. What's Your Prosperity IQ? Chapter 12. Step One: The Springboard. Chapter 13. Step Two: Dare Something Worthy. Chapter 14. Step Three: The Missing Secret. Chapter 15. Step Four: Nevillize Your Goal. Chapter 16. Step Five: The Ultimate Secret. Chapter 17. The Million Dollar Secret Formula. Chapter 18. The Shocking True Story of Jonathan. Chapter 19. The Experiment: Intentional Meditation Foundation. Chapter 20. Common Questions (with Answers). Bibliography. Index. About the Author. Special Offer. Beyond the Attractor Factor.
£17.00
John Wiley & Sons Inc PresenceBased Coaching
Book SynopsisCoaches can become more effective in facing complex challenges by developing their coaching presence, rather than relying solely on external tools and techniques. This book reveals what presence is, why it is important, and how to develop and use your presence as an executive coach to evoke change in others as well as in yourself.Table of ContentsExercises, Practices, Exhibits, and Figures ix Foreword xi Acknowledgments xv The Author xvii Introduction 1 Core Assertions 3 How to Use This Book 4 My Promise 6 Reading as Experience 7 Part One Presence, Self-Generation, and the Role of Coaching 11 1 Presence 15 Presence Demystified 16 So, What is Presence? 19 Implications of Presence 22 Presence and the Products of Coaching 25 Challenges to Presence 28 Chapter Summary 34 2 How Humans Change: Conditioning, Identity, and Self-Generation 37 Conditioning 38 Identity 43 Becoming Self-Generative 49 How Coaching Supports Self-Generation and Sustainable Change 57 Living in Self-Generation 63 Chapter Summary 66 3 Coach as Development Partner 69 Performance Versus Developmental Coaching 70 Principles of Developmental Coaching 73 Three Integrated Structures for Development 75 Presence-Based Coaching: Foundations into Methodology 77 Chapter Summary 92 Part Two Inner Moves for Presence-Based Coaching 93 4 Orienting 95 A Coaching Model 97 Your Client 100 Purpose 105 Coaching Outcomes 108 Expanded Contexts 109 Chapter Summary 113 5 Holding 115 The Relational Field 116 Silence and Possibility 122 Chapter Summary 127 Part Three Generative Practices for Presence in Mind, Body, and Heart 129 6 Mind 133 Building the Observer 135 What ’s to Observe? 137 Working with Habits 140 Designing Self-Observations 142 Engaging in Self-Observation 145 Coaching Implications 147 Chapter Summary 148 7 Body 151 Assertions of Somatic Literacy 153 Centering 155 Building Somatic Awareness 157 Somatic Self-Observation 159 Working with Urges 161 Body Practices 161 Coaching Implications 164 Chapter Summary 165 8 Heart 167 Developing Compassion for Self and Others 169 Experiencing the Heart 171 Deciding Through the Heart 173 Gratitude 174 Connecting Through the Heart 175 Longing 177 Coaching Implications 179 Chapter Summary 180 Part Four Relational Moves for Presence-Based Coaching 181 9 Coach for Self-Observation and Realization 185 Reflect 186 Invite Internal Awareness 189 Focus the Field 193 Challenge Identity 198 Chapter Summary 201 10 Coach for Reorganization 203 Shift Perspective 204 Reorganize Around Center 208 Build Competency in Self-Regulation 212 Mobilize Commitment 216 Chapter Summary 218 11 Coach for Stabilization 221 Design Fieldwork 222 Work Jointly 237 Create New “Facts on the Ground” 239 Chapter Summary 241 12 Milestones: Entry, Continuation, Completion 243 Entry 244 Continuation 254 Completion, and Beginning 260 Chapter Summary 266 Coda 267 Appendix A: Table of Moves and Practices 271 Appendix B: Purpose Exercise 275 Appendix C: Annotated Bibliography 277 Appendix D: Web-Based Resources 285 Notes 287 Index 293
£44.65
John Wiley & Sons Inc Guidelines for Initiating Events and Independent
Book SynopsisThe publication provides process automation engineers, process engineers, facility operators, and safety professionals with the appropriate treatment and requirements applicable to equipment design, administrative procedures, or other credits that are treated as an independent protection layer from a Layer of Protection Analysis (LOPA) perspective.Table of ContentsList of Data Tables xi Acronyms and Abbreviations xv Glossary xix Acknowledgments xxv Preface xxix Introduction 1 1.1 Audience 2 1.2 Scope 3 1.3 Key Changes Since the Initial LOPA Concept Book 4 1.4 Recap of LOPA 6 1.5 Disclaimer 10 1.6 Linkage to Other CCPS Publications 11 1.7 Annotated Description of Chapters 13 Overview: Initiating Events and Independent Protection Layers 16 2.1 LOPA Elements: An Overview 16 2.2 Management Systems to Support LOPA 16 2.3 Scenario Selection 18 2.4 Overview of Scenario Frequency 20 2.5 Overview of Consequences 28 2.6 Risk Considerations 29 2.7 Conclusions 31 Core Attributes 34 3.1 Introduction to Core Attributes 34 3.2 Independence 35 3.3 Functionality 40 3.4 Integrity 47 3.5 Reliability 49 3.6 Auditability 52 3.7 Access Security 53 3.8 Management of Change 54 3.9 Use of Data Tables 55 Example Initiating Events and IE Frequencies 58 4.1 Overview of Initiating Events 58 4.2 Inherently Safer Design and Initiating Event Frequency 59 4.3 Specific Initiating Events for Use in LOPA 60 4.4 External Events 113 4.5 What if Your Candidate Initiating Event is Not Shown in a Data Table? 113 Example IPLs and PFD Values 116 5.1 Overview of Independent Protection Layers (IPLs) 116 5.2 Specific Independent Protection Layers for Use in LOPA 118 5.3 What if Your Candidate IPL is Not Shown in a Data Table? 263 Advanced LOPA Topics 268 6.1 Purpose 268 6.2 Use of QRA Methods Relative to LOPA 269 6.3 Evaluation of Complex Mitigative IPLs 275 6.4 Conclusions 277 Appendices 280 Appendix A: Human Factors Considerations 282 Appendix B: Site-Specific Human Performance Data Collection and Validation 300 Appendix C: Site-Specific Equipment Data Collection and Validation 310 Appendix D: Example Reliability Data Conversion for Check Valves 324 Appendix E: Considerations for Overpressure of Pressure Vessels and Piping 328 REFERENCES 334 INDEX 342
£87.26
John Wiley & Sons Inc The Mary Kay Way
Book SynopsisThe Mary Kay Way: Timeless Principles from America's Greatest Woman Entrepreneur is back in print and updated to reflect developments in today's business environment for the modern entrepreneur. You will find inspiration and real, proven success principles that represents the forty-five year old success story of Mary Kay Ash, founder Mary Kay, Inc.Table of ContentsForeword Ryan Rogers xiii Editor’s Preface xix Introduction xxi 1 Golden Rule Leadership 1The Golden Rule is one of the world’s oldest and best-known philosophies, yet it is frequently overlooked in business circles. Mary Kay demonstrates that this rule is still powerful in today’s complicated world. 2 You Build with People 15Leaders are dependent upon the performance of their people, and so is a company’s success. Good people are a company’s most important asset. People are more important than the plan. 3 The Invisible Sign 21Everyone has an invisible sign hanging from his or her neck saying, ‘‘MAKE ME FEEL IMPORTANT!’’ Never forget this message when working with people. 4 Praise People to Success 29Each of us craves to be recognized. Let people know that you appreciate their performance and they will respond by doing even better. Recognition is the most powerful of all motivating techniques. 5 The Art of Listening 39Good leaders are good listeners. God gave us two ears and only one mouth, so we should listen twice as much as we speak. When you listen, the benefit is twofold: You receive necessary information, and you make the other person feel important. 6 Sandwich Every Bit of Criticism between Two Heavy Layers of Praise 49Sometimes it’s necessary to let somebody know that you’re unhappy with his or her performance. But be certain to direct your criticism at the act, not the person. It is important to criticize effectively—in a positive way so that you don’t destroy morale. 7 Be a Follow-Through Person 57Be the kind of person who can always be counted on to do what you say you’ll do. Only a small percentage of people possess follow-through ability, and they are held in high esteem by all. It’s particularly important for your team members or employees to know that you possess this rare quality and for them to think of you as a totally reliable person. 8 Enthusiasm . . . Moves Mountains! 73Nothing great is ever achieved without enthusiasm. Leaders are enthusiastic, and enthusiasm is contagious. Interestingly, the word enthusiasm has a Greek origin meaning ‘‘God within.’’ 9 The Speed of the Leader Is the Speed of the Gang 81You must set the pace for your people. Real leaders aren’t afraid to get their hands dirty, and they set examples for others by demonstrating good work habits, displaying positive attitudes, and possessing a team spirit. True leaders establish success patterns that make everyone think success. 10 People Will Support That Which They Help to Create 93An effective leader invites people to participate in new projects that are still in the ‘‘thinking’’ stage. By confiding in associates and seeking their opinions, they generate support at the initial stage of each new venture. It’s a fact that people often resist change when they don’t participate in the decision-making process. Some of the best leaders ‘‘plant the seed’’ that permits others to propose the idea and take credit for it! 11 An Open-Door Philosophy 107At Mary Kay corporate headquarters, there are no titles on executives’ doors, and there is ready access to all management levels. Everyone within the Company—from mailroom clerk to chairman of the board—is a human being and is treated accordingly. 12 Help Other People Get What They Want—and You’ll Get What You Want 115As the parable of the talents (Matthew 25: 14–30) tells us, we are meant to use and increase whatever God has given us. And when we do, we shall be given more. 13 Stick to Your Principles 125Everything is subject to change—except one’s principles. Never, absolutely never, compromise your principles. 14 A Matter of Pride 133Everyone within an organization should have a sense of pride in his or her work. They should also feel proud to be associated with the company. It’s a manager’s job to instill this feeling and to promote this attitude among his or her people. 15 You Can’t Rest on Your Laurels 145Nothing wilts faster than a laurel rested upon. Every person should have a lifetime self-improvement program. In today’s fastpaced world you can’t stand still. You either go forward or backward. 16 Be a Risk-Taker 153You must encourage people to take risks; let them know that ‘‘nobody wins ’em all.’’ If you come down on them too hard for losing, they’ll stop sticking their necks out. 17 Work and Enjoy It 159It’s okay to have fun while you work; good managers encourage a sense of humor. In fact, the more enjoyment people derive from their work, the better they will produce. 18 Nothing Happens Until Somebody Sells Something! 167Every organization has something to ‘‘sell,’’ and every person in the company must realize that nothing happens until somebody sells something. And accordingly, they should be fully supportive of the selling effort. 19 Never Hide behind Policy or Pomposity 177Never say, ‘‘That’s against company policy’’ unless you have a good explanation to back up the policy. It infuriates people. It’s as if you were saying, ‘‘We do it this way because it’s the way we’ve always done it.’’ By the same token, pomposity can also be a transparent cover-up for incompetence. 20 Be a Problem-Solver 189The best leaders recognize when a real problem exists and know how to take action to solve it. You must develop the ability to know the difference between a real problem and an imaginary one. 21 Less Stress 197Stress stifles productivity. Leaders strive to create a stress-free working atmosphere for their workers by using both physical and psychological approaches. 22 Develop People from Within 205The best-run companies develop their own managers from within—rarely do they seek outsiders. In fact, it’s a sign of weakness when a company goes outside too often for management personnel. The morale of the company is likely to suffer; people may begin to feel threatened and think, ‘‘No matter how well I perform, an outsider will probably get the position I want.’’ 23 Live by the Golden Rule On and Off the Job 213Don’t be a hypocrite—live every day of the week as if it were Sunday. There’s no place for two sets of moral codes. Conduct yourself in business with the same scruples you would want your children to observe in their lives. Afterword: Leaders Creating Leaders 221What do independent sales force leaders who’ve been the most successful following Mary Kay’s principles have to say about them today? Nearly 25 years after she originally put them down on paper, Mary Kay’s thoughts and ideas are as timeless as ever according to the 500 women worldwide at the top of the independent sales force. They are her living legacy. Index 231
£22.09
John Wiley & Sons Inc Asset Allocation For Dummies
Book SynopsisAsset allocation involves dividing an investment portfolio among different asset categories, such as stocks, bonds and cash, and spreading investments across these classes in order to reach specific goals. Asset Allocation For Dummies is for the reader who wants to diversify their portfolio, manage risk and maximize returns in any market.Table of ContentsIntroduction. Part I: Discovering the Not-So-Secret Recipe for Asset Allocation. Chapter 1: Understanding Asset Allocation. Chapter 2: Weighing Risk and Return. Chapter 3: Making Sense of Asset Classes. Chapter 4: Determining the Right Proportions: Your Asset Mix. Chapter 5: Stirring the Mix: Portfolio Rebalancing. Part II: Getting Started. Chapter 6: Laying the Foundation for Your Plan. Chapter 7: Developing Your Investment Strategy. Chapter 8: Creating Your Allocation Plan. Part III: Building and Maintaining Your Portfolio. Chapter 9: Buying Securities. Chapter 10: Knowing Where to Put Your Assets: Asset Location. Chapter 11: Monitoring Your Portfolio: Rebalancing and Other Smart Strategies. Chapter 12: Measuring Your Results. Part IV: Going beyond the Basics. Chapter 13: Walking to the Beat of a Different Drum: Opting for Alternative Investments. Chapter 14: Managing Your Taxes like a Pro. Chapter 15: Knowing When to Revise Your Plan. Chapter 16: Finding Help When You Need It. Part V: The Part of Tens. Chapter 17: Ten Asset Classes and Subclasses and Their Historical Rates of Return. Chapter 18: Ten Common Asset Allocation Mistakes. Chapter 19: Ten Questions to Test Your Asset Allocation Know-How. Index.
£15.29
John Wiley & Sons Inc Governmental Accounting Made Easy 2e
Book SynopsisGovernment Accounting Made Easy provides a simplified background and discussion of a broad range of governmental accounting topics. The book guides the reader in understanding how these individual topics come together to form a whole, under the new Governmental Accounting Standards Board 34 (GASB 34) financial reporting model.Table of ContentsPreface ix Chapter 1 Introduction and Background 1 What Are Generally Accepted Accounting Principles? 1 Who Sets Generally Accepted Accounting Principles for Governments? 5 Do Governments Need to Comply with Generally Accepted Accounting Principles? 9 Why Is Governmental Accounting and Financial Reporting Different from Commercial and Not-for-Profit Accounting and Financial Reporting? 10 To What Entities Do Governmental Generally Accepted Accounting Principles Apply? 15 Chapter 2 Basic Governmental Accounting Concepts 19 Understanding the Different Bases of Accounting 20 Understanding What Measurement Focuses Are Used by Governments 26 Defining and Understanding the Nature of Assets 29 Defining and Understanding the Nature of Liabilities 43 Defining and Understanding the Nature of Net Assets 49 Chapter 3 Understanding Fund Accounting 55 Fund Fundamentals 56 Governmental Funds 58 Proprietary Funds 75 Fiduciary Funds 82 Chapter 4 Basics of Governmental Financial Statements 89 General-Purpose Financial Statements 90 Management’s Discussion and Analysis 90 The Basic Financial Statements 94 Required Supplementary Information 137 Comprehensive Annual Financial Report 139 Chapter 5 Understanding the Reporting Entity 147 Background 148 Accountability Focus 149 Financial Reporting Entity Defined 150 Display of Component Units 161 Chapter 6 Revenues from Nonexchange Transactions 169 Classes of Nonexchange Transactions 170 Accounting Requirements 172 Property Taxes 175 Income and Sales Taxes, and Other Derived Tax Revenues 177 Adjustments for the Accrual Basis of Accounting 180 Grants and Other Financial Assistance 182 Chapter 7 Capital Assets 187 Where Are Capital Assets Recorded in the Financial Statements? 188 Recording and Valuing Capital Assets 189 Understanding Depreciation 193 Using the Modified Approach in Lieu of Depreciating Infrastructure Assets 197 The Basics of Capitalized Interest 200 Capital Assets Resulting from Capital Lease Transactions 206 Intangible Assets 215 Impairments of Capital Assets 217 Chapter 8 Accounting for Pensions and Other Postemployment Benefits 225 Requirements for Defined Benefit Pension and OPEB Plans 229 Calculation of the ARC 232 Parameters for Actuarial Calculations, Including the ARC 233 Net Pension or OPEB Obligation 242 Recording Pension- and OPEB-Related Assets, Liabilities, and Expenditures/Expenses 243 Pension and OPEB Disclosures 245 Employers with Defined Contribution Plans 246 Chapter 9 Sundry Accounting Topics 249 Accounting for Investments 249 Reporting Unrealized Gains or Losses 252 Investment and Deposit Disclosures 253 Compensated Absence Accruals 255 Landfill Closure and Postclosure Care Costs 262 Derivatives, Including Interest Rate Swaps 269 Securities Lending Transactions 281 Chapter 10 Upcoming Developments in Governmental Accounting 287 Pension (and OPEB) Accounting—Revisited 288 Index 293
£999.99
John Wiley & Sons Inc Analysis of Financial Time Series
Book SynopsisAnalysis of Financial Time Series, Third Edition provides a broad, mature, and systematic introduction to current financial econometric models and their applications to modeling and prediction of financial time series data. It utilizes real-world examples and real financial data throughout the book to apply the models and methods described.Trade Review"Analysis of financial time series, third edition, is an ideal book for introductory courses on time series at the graduate level and a valuable supplement for statistics courses in time series at the upper-undergraduate level." (Mathematical Reviews, 2011) "Nevertheless, all in all the book can be a very useful reference for students as well as for professionals." (Zentralblatt MATH, 2011) "Factor models, an important technique used in quantitative finance, are given a full treatment with macroeconomic factor models and fundamental factor models. The coverage of the book is comprehensive. It starts from basic time series techniques and finishes with advanced concepts such as state space models and MCMC methods. There is a balance between the theoretical background necessary to appreciate the nuances and the practical aspect of implementation. More importantly it gives insights about what time series models can't address. The book has an excellent supporting website which has all the programs and data sets which helps to internalize the concepts. Finally, teaching professionals should find the solutions manual as a valuable tool to explain concepts and to ensure understanding." (BookPleasures.com, January 2011) "This book provides a broad, mature, and systematic introduction to current financial econometric models and their applications to modeling and prediction of financial time series data. It utilizes real-world examples and real financial data throughout the book to apply the models and methods described." (Insurance News Net, 8 December 2010)Table of ContentsPreface xvii Preface to the Second Edition xix Preface to the First Edition xxi 1 Financial Time Series and Their Characteristics 1 1.1 Asset Returns, 2 1.2 Distributional Properties of Returns, 7 1.3 Processes Considered, 22 2 Linear Time Series Analysis and Its Applications 29 2.1 Stationarity, 30 2.2 Correlation and Autocorrelation Function, 30 2.3 White Noise and Linear Time Series, 36 2.4 Simple AR Models, 37 2.5 Simple MA Models, 57 2.6 Simple ARMA Models, 64 2.7 Unit-Root Nonstationarity, 71 2.8 Seasonal Models, 81 2.9 Regression Models with Time Series Errors, 90 2.10 Consistent Covariance Matrix Estimation, 97 2.11 Long-Memory Models, 101 3 Conditional Heteroscedastic Models 109 3.1 Characteristics of Volatility, 110 3.2 Structure of a Model, 111 3.3 Model Building, 113 3.4 The ARCH Model, 115 3.5 The GARCH Model, 131 3.6 The Integrated GARCH Model, 140 3.7 The GARCH-M Model, 142 3.8 The Exponential GARCH Model, 143 3.9 The Threshold GARCH Model, 149 3.10 The CHARMA Model, 150 3.11 Random Coefficient Autoregressive Models, 152 3.12 Stochastic Volatility Model, 153 3.13 Long-Memory Stochastic Volatility Model, 154 3.14 Application, 155 3.15 Alternative Approaches, 159 3.16 Kurtosis of GARCH Models, 165 4 Nonlinear Models and Their Applications 175 4.1 Nonlinear Models, 177 4.2 Nonlinearity Tests, 205 4.3 Modeling, 214 4.4 Forecasting, 215 4.5 Application, 218 5 High-Frequency Data Analysis and Market Microstructure 231 5.1 Nonsynchronous Trading, 232 5.2 Bid–Ask Spread, 235 5.3 Empirical Characteristics of Transactions Data, 237 5.4 Models for Price Changes, 244 5.5 Duration Models, 253 5.6 Nonlinear Duration Models, 264 5.7 Bivariate Models for Price Change and Duration, 265 5.8 Application, 270 6 Continuous-Time Models and Their Applications 287 6.1 Options, 288 6.2 Some Continuous-Time Stochastic Processes, 288 6.3 Ito's Lemma, 292 6.4 Distributions of Stock Prices and Log Returns, 297 6.5 Derivation of Black–Scholes Differential Equation, 298 6.6 Black–Scholes Pricing Formulas, 300 6.7 Extension of Ito's Lemma, 309 6.8 Stochastic Integral, 310 6.9 Jump Diffusion Models, 311 6.10 Estimation of Continuous-Time Models, 318 7 Extreme Values, Quantiles, and Value at Risk 325 7.1 Value at Risk, 326 7.2 RiskMetrics, 328 7.3 Econometric Approach to VaR Calculation, 333 7.4 Quantile Estimation, 338 7.5 Extreme Value Theory, 342 7.6 Extreme Value Approach to VaR, 353 7.7 New Approach Based on the Extreme Value Theory, 359 7.8 The Extremal Index, 377 8 Multivariate Time Series Analysis and Its Applications 389 8.1 Weak Stationarity and Cross-Correlation Matrices, 390 8.2 Vector Autoregressive Models, 399 8.3 Vector Moving-Average Models, 417 8.4 Vector ARMA Models, 422 8.5 Unit-Root Nonstationarity and Cointegration, 428 8.6 Cointegrated VAR Models, 432 8.7 Threshold Cointegration and Arbitrage, 442 8.8 Pairs Trading, 446 9 Principal Component Analysis and Factor Models 467 9.1 A Factor Model, 468 9.2 Macroeconometric Factor Models, 470 9.3 Fundamental Factor Models, 476 9.4 Principal Component Analysis, 483 9.5 Statistical Factor Analysis, 489 9.6 Asymptotic Principal Component Analysis, 498 10 Multivariate Volatility Models and Their Applications 505 10.1 Exponentially Weighted Estimate, 506 10.2 Some Multivariate GARCH Models, 510 10.3 Reparameterization, 516 10.4 GARCH Models for Bivariate Returns, 521 10.5 Higher Dimensional Volatility Models, 537 10.6 Factor–Volatility Models, 543 10.7 Application, 546 10.8 Multivariate t Distribution, 548 11 State-Space Models and Kalman Filter 557 11.1 Local Trend Model, 558 11.2 Linear State-Space Models, 576 11.3 Model Transformation, 577 11.4 Kalman Filter and Smoothing, 591 11.5 Missing Values, 600 11.6 Forecasting, 601 11.7 Application, 602 12 Markov Chain Monte Carlo Methods with Applications 613 12.1 Markov Chain Simulation, 614 12.2 Gibbs Sampling, 615 12.3 Bayesian Inference, 617 12.4 Alternative Algorithms, 622 12.5 Linear Regression with Time Series Errors, 624 12.6 Missing Values and Outliers, 628 12.7 Stochastic Volatility Models, 636 12.8 New Approach to SV Estimation, 649 12.9 Markov Switching Models, 660 12.10 Forecasting, 666 12.11 Other Applications, 669 Exercises, 670 References, 671 Index 673
£112.46
John Wiley & Sons Inc Fisher Investments on Consumer Staples
Book SynopsisThe definitive guide to investing in the consumer staples sector The third installment of the Fisher Investments On series is an all-encompassing guide to the Consumer Staples industry--which includes companies that manufacture and sell food and beverages, tobacco, prescription drugs, and household products to name a few.Table of ContentsForeword ix Preface xi Acknowledgments xv Part I Getting Started in Consumer Staples 1 Chapter 1 Consumer Staples Basics 3 Overview 4 Staples’ Distant Cousin—Consumer Discretionary 7 The Business Cycle’s Winds of Change 10 Boring Can Be Beautiful 15 Chapter 2 History of Consumerism in America 21 Colonial America and Consumerism 22 Mass Production in the Late Nineteenth Century 26 The Roaring Twenties and the Consumer Economy (1921–1929) 28 Mass Marketing and Modern Consumer Products 35 The Modern Landscape 37 Chapter 3 Consumer Staples Sector Drivers 39 Economic Drivers 39 Political Drivers 52 Sentiment Drivers 55 Part II Next Steps: Consumer Staples Details 59 Chapter 4 Consumer Staples Sector Breakdown 61 Global Industry Classification Standard (GICS) 62 Global Consumer Staples Benchmarks 63 Food, Beverage & Tobacco 65 Household & Personal Products 86 Food & Staples Retailers 90 Chapter 5 Challenges in the Consumer Staples Sector 101 Challenge 1: Growing in Mature Industries 101 Challenge 2: Dealing With Volatile Input Costs 113 Chapter 6 Consumer Staples in Emerging Markets 123 Opportunity Knocks 123 Emerging Markets and Consumer Products 125 Investment Idiosyncrasies 135 Part III Thinking Like a Portfolio Manager 139 Chapter 7 The Top-Down Method 141 Investing Is a Science 141 The Top-Down Method 145 Top-Down Deconstructed 150 Managing Against a Consumer Staples Benchmark 158 Chapter 8 Security Analysis 163 Make Your Selection 164 A Five-Step Process 165 Important Questions to Ask 173 Chapter 9 Consumerize Your Portfolio—Investing Strategies 181 Strategy 1: Playing the Market Cycle 182 Strategy 2: Playing Style Shifts 186 Strategy 3: Develop New Categorizations 189 Implementing Your Strategy 191 Appendix: Consumer Staples Sector Resources 195 Notes 199 About the Authors 209 Index 211
£20.69
John Wiley & Sons Inc Toxic Workplace
Book SynopsisThe systems antidote to "poison" personalities in the workplace Most leaders have experienced the frustration and confusion of dealing with an extremely difficult person--an individual who debilitates individuals, teams, and even organizations.Table of ContentsPart One: Understanding Toxic People and Toxic Environments 1 1. The Human and Financial Costs of Working with Toxic People: Toxic Behaviors are Just the Tip of the Iceberg 3 2. Recognizing the Toxic Personality: It Isn’t as Easy as You Think 21 3. Leader Reactions and Strategies That Typically Don’t Work: Why Identify Strategies That Don’t Work? 43 4. Organizational Culture: How Toxicity Spreads Like an Infection 67 Part Two: The Toxic Organization Change System Model 85 5. Organizational Strategies: Dealing with Toxicity at the Highest System Level 89 6. Team Strategies: Dealing with Toxicity at the Team Level 111 7. Individual Strategies: Dealing with Toxic People One-on-One 151 8. Myths and Truths About Toxicity—and Renewal from a Toxic Environment: How to Move Beyond Toxicity 181 Appendix A: Our Research Methodology 209 Appendix B: National Survey Responses on Toxic Behaviors 215 Notes 233 The Authors 237 Index 239
£18.69
John Wiley & Sons Inc Islamic Finance for Dummies
Book SynopsisA detailed look at the fast-growing field of Islamic banking and finance The global Islamic finance market is now worth about $700 billion worldwide. Islamic Finance For Dummies helps experienced investors and new entrants into Islamic finance quickly get up to speed on this growing financial sector.Table of ContentsIntroduction 1 Part I: The Basics of Islamic Finance 9 Chapter 1: Easing into Islamic Finance 11 Chapter 2: Getting to Know Islam and the Role of Sharia 27 Chapter 3: The History of Islamic Finance 43 Chapter 4: Touring the Islamic Finance Industry 55 Part II: Introducing Islamic Commercial Law 73 Chapter 5: Adhering to Islamic Commercial Ethics 75 Chapter 6: Focusing on Contracts 87 Part III: Eyeing Islamic Banking Operations 99 Chapter 7: Contrasting Conventional and Islamic Commercial Banking 101 Chapter 8: Charting the Relationship between Conventional and Islamic Banks 117 Chapter 9: Tracing the Sources and Uses of Funds in Islamic Banks 129 Chapter 10: Familiarizing Yourself with Islamic Financial Instruments 145 Part IV: Islamic Investment Markets: Equity and Bonds 163 Chapter 11: Introducing the Islamic Capital Market 165 Chapter 12: Managing Assets in Islamic Investments 187 Chapter 13: Investing in Islamic Bonds: Sukuk 207 Part V: Reporting, Corporate Governance, and Supervision 229 Chapter 14: Issuing Financial Statements 231 Chapter 15: Considering Corporate Governance 245 Chapter 16: Supervising Operations: The Sharia Board 261 Chapter 17: Managing Risk in Islamic Financial Institutions 275 Part VI: Islamic Insurance: Takaful 291 Chapter 18: Takaful: Exploring the Fundamentals of Islamic Insurance 293 Chapter 19: Takaful and Retakaful Products, Structures, and Governance 305 Part VII: The Part of Tens 323 Chapter 20: Ten Reasons the West Should Pay Attention to Islamic Finance 325 Chapter 21: Ten Economic Benefits of Following Islamic Principles 331 Appendix: Glossary 339 Index 349
£16.19
John Wiley & Sons Inc Brand Atlas
Book Synopsis"Carrying through Alina Wheeler's trademark of beautiful layout and design, the book takes you on a journey through just about every important element of branding you could think of, from passion to positioning. " The Influential Marketing Blog (May 2011) A company's brand is its most valuable asset.Trade Reviewuser-friendly approach to aggregate and simplify the science behind branding essential principles of branding are broken down into basic step-by-step concepts. (Finance & Management, April 2011).Table of Contents1 Dynamics 10 Brand Landscape Global Sourcing 12 Speed 14 Design Thinking 16 Word of Mouth 18 Conversation 20 Interconnected 22 Open Source 24 Social Networks 26 Experience 28 Passion 30 Transparency 32 The Cloud 34 Sustainability 36 Mobility 38 Crowdsourcing 40 Free 42 Placemaking 44 Choice 46 2 Intelligence 48 Brand Basics Brand as Identity 50 Vision 52 Needs and Desire 54 Touchpoints 56 Purpose 58 Spirit and Soul 60 Perception 62 Authenticity 64 Positioning 66 Stakeholders 68 Big Idea 70 Brand as Asset 72 Brand Extensions 74 Brand Alignment 76 Brand Architecture 78 Recognition 80 Trademarks 82 3 Drive 84 Brand Management Names 84 Good and Different 86 Branding 90 Simplicity 92 Culture 94 Collaboration 96 Time Management 98 80/20 100 Competencies 102 Insight 104 Focus 106 Customer Service 108 Customer-centric 110 Growth 112 Metrics 114 Fight or Flight 116 Onliness Exercise 118 Perceptual Mapping 120 SWOT Exercise 122 Flow 124 4 Details 126 Brand Questions 128 Project Management 130 Brand Decisions 131 Branding Process 132 Big Idea Process 133 Bibliography 134 Credits 137 Index 138 Gratitude 141 Authors’ Reflections 142 Diagram Matrix 143 About the Authors 144
£23.70
