Finance and accounting Books
John Wiley & Sons Inc Theres No Such Thing as Crypto Crime
Book Synopsis
£21.59
WW Norton & Co A Random Walk Down Wall Street
Book SynopsisOne of the “few great investment books” (Andrew Tobias) ever written, with two million copies in printTrade Review"Talk to 10 money experts and you’re likely to hear 10 recommendations for Burton Malkiel’s classic investing book." -- Wall Street Journal"If one of your New Year’s resolutions is to improve your personal finances, here’s a suggestion: Instead of picking up one of the scores of new works flooding into bookstores, reread an old one: A Random Walk Down Wall Street." -- New York Times"A Random Walk has set thousands of investors on a straight path since it was first published in 1973. Even if you read the book then or more recently, a refresher course is probably in order.… A lucid mix of the theoretical and the pragmatic." -- Chicago Tribune"Do you want to do well in the stock market? Here’s the best advice. Scrape together a few bucks and buy Burton Malkiel’s book. Then take what’s left and put it in an index fund." -- Los Angeles Times"Not more than half a dozen really good books about investing have been written in the past fifty years. This one may well belong in the classics category." -- Forbes
£23.39
John Wiley & Sons 2026 CFA Program Curriculum Level II Box Set
Book Synopsis
£171.00
John Wiley & Sons Inc A History of Interest Rates
Book SynopsisPresents an account of interest rate trends and lending practices over four millennia of economic history. This title offers an analysis of money markets and borrowing practices in major economies.Table of ContentsForeword by Dr. Henry Kaufman vii Preface to the Fourth Edition ix Summary Tables xiii Summary Charts xvii Introduction 1 Part One. Ancient Times Chapter 1. Prehistoric and Primitive Credit and Interest 17 2. Mesopotamia: Sumer, Babylonia, and Assyria 25 3. Greece 32 4. Rome 44 5. A Summary and Analysis of Ancient Interest Rates 57 Part Two. Medieval and Renaissance Europe6. Usury Doctrines and Their Effect on European Credit Forms and Interest 67 7. The Dark Ages 80 8. Late Medieval Times 87 9. The Renaissance 102 10. A Summary and Analysis of Medieval and Renaissance Interest Rates in Western Europe 132 Part Three. Modern Europe and North America to 1900 11. England in the Eighteenth Century 145 12. Europe in the Eighteenth Century 164 13. England in the Nineteenth Century 178 14. France in the Nineteenth Century 213 15. Other European Countries in the Nineteenth Century 230 16. The United States in the Eighteenth and Nineteenth Centuries 270 Part Four. Europe and North America Since 1900 17. The United States in the Twentieth Century: 1900–1945 329 18. The United States in the Twentieth Century: 1946–1990 366 19. England in the Twentieth Century 437 20. Europe in the Twentieth Century: France, the Netherlands, Belgium, Germany, Italy 462 21. Europe in the Twentieth Century: Switzerland, Austria, Scandinavia, Ireland, Iberia, and Turkey 523 22. Canada in the Twentieth Century 545 23. Summary and Analysis of Interest Rates in Europe and North America Since 1700 554 Part Five. Other Countries and the 1990’s24. Japan 575 25. The Old Sterling Area: Australia, New Zealand, South Africa, India, and Pakistan 586 26. Russia 598 27. China 613 28. Latin America 626 29. Turn of the Millennium: 1990–2005 642 Notes 673 Index 693
£63.00
John Wiley & Sons Inc Intermarket Trading Strategies
Book SynopsisIntermarket Analysis is probably the most important subject in investing, one of the least understood, and most neglected. This specialist topic is the analysis of more than one asset class or financial market, which are considered to be related (currencies, commodities, stocks, bonds).Table of ContentsAcknowledgments ix Introduction xi PART I 1 1 Intermarket Analysis 3 2 Correlation 17 3 Regression 33 4 International Indices and Commodities 41 5 The S&P 500 69 6 European Indices 85 7 Gold 93 8 Intraday Correlations 111 9 Intermarket Indicators 121 PART II 145 10 Trading System Design 147 11 A Comparison of Fourteen Technical Systems for Trading Gold 175 12 Trading the S&P 500 ETF and the e-mini 189 13 Trading DAX Futures 201 14 A Comparison of a Neural Network and a Conventional System for Trading FTSE Futures 215 15 The Use of Intermarket Systems in Trading Stocks 235 16 A Relative Strength Asset Allocation Trading System 247 17 Forex Trading Using Intermarket Analysis 261 18 Conclusion 293 Appendix A MetaStock Code and Test Specifications 297 Appendix B Neural Network Systems 357 Appendix C Rectangles 367 Glossary 371 Bibliography 385 Index 391
£51.75
John Wiley & Sons 2026 CFA Curriculum Level 3 Pathway 1 Box Set Por
Book Synopsis
£171.00
John Wiley & Sons Wileys Level III CFA Program 11th Hour Final
Book SynopsisThe CFA Institute has announced that all 2021 exams will continue to reflect the official 2020 curriculum. Wiley's 11th Hour Final Review Guide for 2020 Level III CFA Exam compacts all readings tested on the 2020 CFA exam into one portable volume. Organized in order, this best-selling guide has helped thousands of candidates from over one-hundred countries pass the CFA exam. Designed to boil it all down to the crucial concepts, formulas and rules, this guide ensures candidates are familiar with the most important testable information. It's difficult to go over multiple books in the last few weeks before the exam, so Wiley's 11th Hour Review Guide does the work for you-condensing each reading down to two- to five pages. Enter the exam room with confidence and reinforce your knowledge and preparation! This comprehensive guide complements Wiley's CFA Study Guides sold separately but may be used with any review course. An effective, efficient study guide, this book prepares you to reac
£71.03
John Wiley & Sons HandsOn AI Trading with Python QuantConnect and
Book Synopsis
£31.88
John Wiley & Sons Inc Penny Stocks For Dummies
Book SynopsisWant big returns? Look at small stocks! Penny stocks are low-cost equities that often make large price moves, potentially leading to big gainsor lossesfor investors.Penny StocksForDummieswill help you determine whether this wild ride is right for you. With this hands-on guide, you can grasp the basics, find smart investments, avoid scams, and look for big success, even if youonly have pocket change to start out with. This latest edition takes you right into today's unique penny stock market.You'lllearn how to read penny stock charts, evaluate the strength of small companies, recognize price manipulations, anduse smart trading strategies to maximize your returns. Buying and selling penny stocks can be extremely lucrativeif you know exactly whatyou'redoing. This book will make a penny trader out of you, so you can start making money for the future.(Heads up: you're going to need a bigger piggy bank!) WithPenny StocksForDummies, you will: Find out whether penny stocks are a good fit for your investment goals, available capital, and risk toleranceDo your due diligence and learn how to research potential penny stock investmentsUse fundamental analysis, financial ratios, and penny-specific technical analysis to identify winning betsUncover expert tips that will boost your results and help prevent big losses Penny StocksForDummieswill give youtheknowledge andconfidenceyou needto get in on the ground floorand discover those hidden gems for high rewards.Table of ContentsIntroduction 1 About This Book 1 Foolish Assumptions 2 Icons Used in This Book 3 Beyond the Book 4 Where to Go from Here 4 Part 1: Getting Started with Penny Stocks 5 Chapter 1: Getting to Know Penny Stocks 7 A Big, Fat, “Tiny” Penny Stock Summary 8 Defining Penny Stocks 9 Price per share 10 Market capitalization 10 Stock market 10 Mix and match 11 Why does it matter? 11 Comparing Penny Stocks to Their Blue-Chip Cousins 13 Volatility and speed 14 Safety and risk 14 Investor following and visibility 15 Larger stones take more force to move 16 Chapter 2: Deciding If Penny Stocks Are Right for You 19 Gauging the Popularity of Penny Stocks 20 A high risk/reward ratio 20 Limited funds 22 Risky misconceptions 22 Taking Stock of the Big Business of Penny Stocks 23 You’re not alone 23 Room to grow 24 Making Sense of What You’ve Heard (Much of Which is True!) 25 Penny stocks represent low-quality companies 25 Penny stocks are subject to price manipulation scams 26 Trading penny stocks is a game of chance 26 Making a Fast Million Not! 27 Penny stocks appeal to the impatient 27 Newer investors gravitate to penny stocks 28 Penny stocks appeal to smaller portfolios 29 Being Honest with Yourself: Are Penny Stocks Right For You? 29 Chapter 3: Buying and Selling Penny Stocks 31 The Ins and Outs of the Stock Market 32 Factors influencing which exchange a company lists on 32 A who’s who of stock exchanges 34 Issuing Shares 37 Diluting a good thing 38 How dilution affects investors 39 When new share issues are a good thing 40 When new share issues are not a good thing 41 Stock Buybacks 42 Acquisitions and Takeovers 43 Why penny stock companies are frequently bought 45 Resisting a takeover 46 Understanding which companies are takeover targets 46 Being the buyer 48 Mergers and Amalgamations 49 Stock splits and reverse splits 50 Why you don’t see splits in low-priced shares 51 Why reverse splits are common in penny stocks 51 Bankruptcies 52 Chapter 4: Avoiding Promotions, Scams, and Bribes 53 Why Penny Stocks Are Perfect for Price Manipulation 53 Who is Moving the Price? 57 Promoters 58 Investor or public relations 58 The touter 59 The advisor 59 Rooting Out Poor Quality Companies 60 A good story 60 Financially broken 61 Weak business model 61 Swimming against the trend 62 The 2-pound gorilla 62 Obstacles That Even High-Quality Companies Face 63 Lawsuits 65 Lost customers 66 The 500-pound gorilla 67 Even the Good Can Die Young 67 Part 2: Research and Investment Strategies 69 Chapter 5: Developing a Strategy 71 Trading Risk Free without Using Real Money 72 Keeping it simple: What you need to get started 72 Setting your paper trading parameters 73 Some paper trading considerations 74 Tracking the success (or failure) of your paper trades 75 What You Need Before Your First Trade 76 Choosing a Great Broker 77 Penny-stock-friendly brokers 78 When to upgrade your broker 79 Types of Trading Orders 79 Bids, asks, and spreads 79 Limit orders 80 Market orders 81 Other types of orders 82 Characteristics of a Successful Penny Stock Trader 84 Investing Versus Trading 86 Investing in penny stocks 86 Trading in penny stocks 86 Chapter 6: Doing Your Research 89 Doing Your Due Diligence 90 Skimming the surface 90 Digging a little (or a lot) deeper 91 The Where’s and How’s of Research 92 Stock quotes 93 Trading charts 93 Stock screeners 95 Company financials 95 Press releases 96 Media outlets 97 Paid analysts 97 Investor relations 98 Penny stock newsletters 98 Message boards 100 Calling the Penny Stock Company 101 Be prepared before you dial 101 Questions to ask management or IR 102 Dead-end questions to avoid 104 How to interpret IR responses 104 Corporate and Analyst Guidance 105 Should you trust guidance issued by the company? 106 Following analyst guidance 107 Generating your own guidance data 107 How Expectations Drive Prices: Getting Baked in the Pie 108 Expectations are more important than results 108 Beating estimates 110 Missing guidance numbers 110 Penny Stocks Are Affected by Trends 111 Sector and industry trends 111 Trends in the overall market 113 Trends in consumer and social behavior 113 Market and Company Risk 115 Let the rising tide lift your boat 115 Investing against the current 116 Reacting to nonsystemic (company-specific) risk 117 Reacting to systemic (market) risk 117 Buying What You Understand: The Free and Instant Advantage 118 Chapter 7: Picking a Winner 121 Narrowing Your Choices 122 Your Elimination Criteria 122 Who Do You Trust? 124 Your number one ally: You 124 Considering the motives of others 125 Reviewing their track record 126 Paid advertisements: The wolf in sheep’s clothing 126 Unreliable analysts 127 Stock Screeners 128 Choosing criteria to focus your search 128 Screening your screens: Getting even more focused 130 What stock screeners won’t tell you 131 Choosing Penny Stocks Manually 132 Chapter 8: Penny Stock Manias 133 Wild Speculation and Investor Stampedes 134 Why manias affect penny stocks the most 135 The next stampede: It’s just around the corner 136 Penny Stock Manias of the Past: Learning from Other People’s Mistakes 137 Pot penny stocks 137 Bitcoin mania? 143 The dot-com bubble in penny stocks 150 Surviving and Profiting from Penny Stock Manias 153 Spotting the Next Mania 154 Why the next mania plays out 154 How the next mania plays out 155 Part 3: Trading Penny Stocks 157 Chapter 9: Trading Strategies 159 Scaling In and Scaling Out 160 Averaging Up Not Down 161 The many downsides of averaging down 161 The upsides of averaging up 163 Limiting Your Losses and Locking In Your Gains 163 Stop-loss orders 163 Position sizing 165 Diversification 166 Limit orders 167 Using only the best markets 167 Trading Windows 167 Timing Trades: When to Hold ’Em and When to Fold ’Em 168 Know when to take a profit 168 Know when to sell at a loss 169 Chapter 10: Fundamental Analysis 171 Financial Reports 172 The income statement 173 Balance sheet 174 The statement of cash flows 176 Numbers to Look for in Penny Stocks 179 Good numbers on the financial statements 180 Trends in financial results 184 Acting On Analysis 186 Management is Steering This Ship 187 Who’s who at the helm 187 What have these managers done before? 188 The corporate commitment level 189 News Releases and Events 191 Press releases from the company 192 Coverage from third-party sources 192 The timing of milestone events 193 The Outlook for the Sector and Industry 194 Microeconomic influences 195 Macroeconomic influences 196 Keeping your macros and micros straight 197 Chapter 11: Financial Ratios: Comparing Apples to Apples 199 Leveling the Playing Field with Financial Ratios 200 Eliminating size as a factor 200 Comparing stocks across industries 201 The Five Categories of Financial Ratios 201 Liquidity Ratios 202 Current ratio 203 Quick ratio 203 Cash ratio 204 Operating cash flow 205 Activity Ratios 206 Inventory turnover 207 Receivables turnover 207 Payables turnover 208 Working capital turnover 209 Fixed asset turnover 209 Total asset turnover 210 Leverage Ratios 211 Debt ratio 211 Debt to equity 212 Interest coverage 212 Performance Ratios 213 Gross profit margin 214 Operating profit margin 215 Net profit margin 216 Return on assets 217 Return on equity 217 Valuation Ratios 218 Price to earnings 218 Price to earnings to growth rate ratio 220 Price to sales 220 Price to cash flow 221 Chapter 12: The Abstract Review in Penny Stocks 223 Making Products Meaningful with Branding 224 Why branding is more important with penny stocks 225 When branding is done well 226 Harnessing a Unique Selling Proposition 227 Ensuring Product or Service Acceptance 228 Market Share 229 How to find out the market share for a penny stock 230 Profit from changes in market share 230 Barriers to Entry 231 Gauging barriers to new competition 232 The best first movers are the small ones 232 Marketing Strategy and Results 234 Poor marketing is bottomless 234 Marketing is hard to track with penny stocks 235 Loyalty and Attrition 236 Customer turnover 237 Relative order sizes and frequencies 237 Chapter 13: Technical Analysis with Penny Stocks 239 When Technical Analysis is Good 240 Why TA Often Doesn’t Work with Penny Stocks 243 Use Technical Indicators to Spot Trading Opportunities 244 All Patterns Break Down 246 Technical Analysis That Will Work with Penny Stocks 247 Clues from trading volume 247 Support levels 248 Resistance 250 Trends are friends 251 Price spikes 252 Price dips 253 Topping out patterns 254 Bottoming out patterns 256 Consolidation patterns 257 On-balance volume 260 Momentum indicators 261 Moving averages 262 Relative strength 263 Part 4: Scaling Up Your Success 265 Chapter 14: The Surprising Power of Mental Focus 267 Taking a Situational Audit 268 Unless you increase your time and energy 268 When the weeds envelope you 269 Why the dearth of quality? 271 Are Your Expectations Realistic? 271 Truly knowing yourself 272 The purpose is deeper 273 Goals? Not everyone needs them 273 The first step is the longest 273 Your Penny Stock Plan 274 Frequency and fine-tuning 276 You do not get to have luck 276 Take a forced rest 277 Chapter 15: Finding the One Strategy That Works 279 Your Solo Strategy 280 Do less of what doesn’t work 281 Rinse and repeat 282 Simplicity is misunderstood 282 One Penny Stock Truth Above All 282 Dancing on quicksand 283 Changing landscape 283 Adapting to What’s Next 285 Creating a Ritual 286 Shrine, studio, war room, or kitchen table? 287 A statement of commitment 288 Opportunity Costs and Your Results 288 Unseen small investments for major gains 289 Extrapolate your destination 289 Chapter 16: Debriefing for Dollars and Cents 291 Your Opinion is Your Mental Blind Spot 292 Comparing results to expectations 292 Comparing expectations to environments 293 The intentions-to-profits contrast 295 The assumptions you were given 296 Media Imagery and Misunderstandings 297 Tunnel-vision gurus 297 Trusted friends and family 298 Buying excitement 298 Building Your Investing Power 299 Collect 100 mistakes 301 List your lessons 301 Take an emotional assessment 303 Change yourself to change your results 303 Part 5: The Part of Tens 307 Chapter 17: Ten Rapid Result Tactics 309 Call the Company 310 Average Up 310 Don’t Confuse Market Risk with Company Risk 311 Try the Product, Use the Service 312 Compare the Wares 313 Paper Trade 313 Know the Corporate Life Cycle 314 What’s Really Driving the Share Price? 315 Watch the Short Interest 316 Don’t Diversify, Pinpoint Invest Instead 317 Chapter 18: Ten Trading Truths 319 Investor Sentiment is Contrarian 319 Big Moves Occur During Brief Trading Windows 321 Greater Volume Means Greater Sustainability 321 Making Up for Losses is Harder than Preventing Them 322 Bigger Things Take More Energy to Move 322 Rapid Rise, Rapid Fall 323 Dilution Disguises Losses 324 Buy the Rumor, Sell the Fact 324 Don’t Try Catching Falling Knives 325 Resistance Levels Can Flip 326 Chapter 19: Ten Key Considerations for Companies 327 Barriers to Entry 327 Competitive Advantages 328 Market Share (and Room for Growth) 329 Customer Diversity and the Company’s Reliance 330 Allies 331 Insider Ownership 331 Institutional Ownership 332 Positioning 333 The Secret of Flag Fall Fees 333 It’s All About Recurring Revenues and Attrition 334 Index 337
£18.39
John Wiley & Sons Inc Stock Traders Almanac 2025
Book Synopsis
£38.25
John Wiley & Sons The Elements of Quantitative Investing
Book Synopsis
£52.50
John Wiley & Sons Inc Investing in Commodities For Dummies
Book SynopsisTable of ContentsIntroduction 1 Part 1: Getting Started with Commodities 5 Chapter 1: Investors, Start Your Engines! The Basics of Commodities 7 Chapter 2: The Pros and Cons of Commodities 19 Part 2: In Power: Making Money in Energy 39 Chapter 3: It’s a Crude World: Investing in Crude Oil 41 Chapter 4: What a Gas! Investing in Natural Gas 57 Chapter 5: Investing in Renewable and Alternative Energy 69 Chapter 6: Investing in Energy Companies 89 Part 3: Investing in Metals and Agricultural Products 105 Chapter 7: All That Glitters: Investing in Gold, Silver, and Platinum 107 Chapter 8: Considering Steel, Aluminum, Copper, and Other Metals 125 Chapter 9: Unearthing Top Mining Companies 141 Chapter 10: Trading Agricultural Products 151 Part 4: Choosing an Investment Approach 171 Chapter 11: Welcoming Commodities into Your Portfolio 173 Chapter 12: Investing in ETFs and Commodity Indexes 187 Chapter 13: Getting a Grip on Futures and Options 207 Chapter 14: Choosing a Professional and Trading Accounts 225 Part 5: The Part of Tens 245 Chapter 15: Ten Market Indicators You Should Monitor 247 Chapter 16: Ten Investment Vehicles for Commodities 253 Index 259
£13.49
John Wiley & Sons Inc Rewired
Book SynopsisTable of ContentsIntroduction: The enterprise capabilities that turn digital and AI into a source of ongoing competitive advantage 1 Section One Creating the Transformation Roadmap: A business-led roadmap is the blueprint for a successful digital and AI transformation 15 Chapter 1 Get your top team inspired and aligned 19 Chapter 2 Choose the right transformation "bite size" 25 Chapter 3 Have business leaders define what's possible 33 Chapter 4 Figure out what resources you need to achieve what you want 43 Chapter 5 Build capabilities for now and the next decade 49 Chapter 6 The digital roadmap is a contract for your C-suite 57 Chapter 7 The ultimate corporate team sport 61 Getting Ready -- Section One 67 Section Two Building Your Talent Bench: Creating an environment where digital talent thrives 69 Chapter 8 Core versus noncore capabilities -- strategic talent planning 71 Chapter 9 The talent team that can build your digital team 83 Chapter 10 Hiring digital talent when they're actually interviewing you 87 Chapter 11 Recognize distinctive technologists 101 Chapter 12 Fostering craftsmanship excellence 107 Getting Ready -- Section Two 115 Section Three Adopting a New Operating Model: Rearchitecting your organization and governance to be fast and flexible 117 Chapter 13 From doing agile to being agile 119 Chapter 14 Operating models that support hundreds of agile pods 131 Chapter 15 Professionalize product management 149 Chapter 16 Customer experience design: The magic ingredient 159 Getting Ready -- Section Three 167 Section Four Technology for Speed and Distributed Innovation: Building a technology environment that empowers the entire organization to digitally innovate 169 Chapter 17 Decoupled architecture for development flexibility and operational scalability 173 Chapter 18 A more surgical and value-backed approach to cloud 185 Chapter 19 Engineering practices for speed and high-quality code 193 Chapter 20 The tools to make your developers highly productive 207 Chapter 21 Delivering production-grade digital solutions 215 Chapter 22 Build in security and automation from the start 221 Chapter 23 MLOps so AI can scale 227 Getting Ready -- Section Four 235 Section Five Embedding Data Everywhere: What it takes to make data easy to consume across the organization 237 Chapter 24 Determine what data matters 239 Chapter 25 Data products: The reusable building blocks for scaling 247 Chapter 26 Data architecture, or the system of data "pipes" 259 Chapter 27 Organize to get the most from your data 273 Getting Ready -- Section Five 285 Section Six The Keys to Unlock Adoption and Scaling: How to both get users to adopt your digital solutions and scale those solutions across the enterprise 287 Chapter 28 Nail user adoption and underlying business model changes 291 Chapter 29 Design solutions for easy replication and reuse 301 Chapter 30 Ensuring impact by tracking what matters 313 Chapter 31 Managing risk and building digital trust 329 Chapter 32 So, what about culture? 335 Getting Ready -- Section Six 345 Section Seven Transformation Journey Stories: An exploration of how three companies have driven successful digital and AI transformations 347 Chapter 33 Freeport-McMoRan turns data into value 349 Chapter 34 DBS -- A multinational bank becomes a digital bank 357 Chapter 35 The future of play takes shape at the LEGO Group 365 Acknowledgments 373 Index 377
£28.79
Kogan Page Ltd The 30 Day MBA in Business Finance
Book SynopsisColin Barrow is a Visiting Fellow at Cranfield University and the former Head of the Enterprise Group. Over the past 40 years, he has lectured and researched in business schools across the world. He is also the author of The Business Plan Workbook, The 30 Day MBA, The 30 Day MBA in Marketing and The 30 Day MBA in International Business and Supply Chain Management. He is based in Cornwall, UKTable of Contents Chapter - 00: Introduction; Section - ONE: The fundamentals of business finance; Chapter - 01: Financial business reports; Chapter - 02: The rules of the game; Chapter - 03: Analysing financial reports; Chapter - 04: Finance as a value creator; Section - TWO: Corporate capital structures; Chapter - 05: The role of business structures in financing business; Chapter - 06: Debt finance; Chapter - 07: Equity; Section - THREE: Financial strategies and special topics; Chapter - 08: Risk and management; Chapter - 09: Business tax and profit reporting procedures; Chapter - 10: Mergers and acquisitions; Chapter - 11: Business plans and budgets;
£14.44
Pearson Education Limited Corporate Finance Principles and Practice
Book SynopsisDenzil Watson is a Principal Lecturer at the Sheffield Business School at Sheffield Hallam University, and the Student Experience lead for the Department of Finance, Accounting and Business Systems. He has extensive experience teaching Corporate Finance, Managerial Finance and Strategic Financial Management over many years and in a wide range of courses at undergraduate, postgraduate and professional levels. Antony Head was formerly the Principal Lecturer in Financial Management and leader of the Financial Accounting and Management Accounting subject group at the Sheffield Business School, at Sheffield Hallam University. Dr Dora Chan is a lecturer at the Sheffield Business School and leads on a range of strategic management accounting modules at undergraduate, postgraduate and professional levels. as well as leading Dora also leads postgraduate Research Methods and Dissertation modules, acting as a supervisor for MasteTable of ContentsPreface Acknowledgements The finance function Capital markets, market efficiency and ratio analysis Short-term finance and working capital management Long-term finance: equity finance Long-term finance: debt finance, hybrid finance and leasing An overview of investment appraisal methods Investment appraisal: applications and risk Portfolio theory and the capital asset pricing model The cost of capital and capital structure Dividend Policy Mergers and takeovers Risk Management Answers to self-test questions Glossary Present value tables Index
£58.89
John Wiley & Sons Inc The Holistic You
Book SynopsisFamily. Faith. Finance. Friendship. Fitness. Learn to balance and integrate these five critical areas of life. In The Holistic You: Integrating Your Family, Finances, Faith, Friendships, and Fitness, sought-after speaker and writer Rabbi Daniel Lapin delivers an inspiring and insightful discussion of how to bring joy and confidence to all of life's many challenges. Rabbi Lapin introduces you to his unique 5F system, weaving together family, faith, finance, friendship, and fitness. He demonstrates how to organize your life so that you're not neglecting one area to achieve success and connection in another. This book will show how happiness for most is found in family structures and the sexual relationships at their heart along with productive work and the money it creates. It reveals how to defeat false ideas that are projected into our brains about sex, gender, money, and health, both mental and physical, which imperil every aspect of our happiness. You'll discover how to stop treating life like a zero-sum game and how to apply your efforts in each of the five elemental areas in ways that support your efforts in all the other four. A recipe for balance and well-roundedness, the book also provides: Universally applicable insights and strategies that have worked effectively for generations of enthusiasts of 3000 years of Jewish wisdom. Strategies to achieve, peace, and tranquility in your daily life through balance and connectionWays to benefit by strengthening unsuspectected connections between seemingly disparate parts of your lifeSteps to improve life by integrating humanity's most fundamental institution and its most fundamental ambition An essential roadmap for sculpting our lives in an increasingly challenging world, The Holistic You will benefit anyone who hopes to simplify and integrate all the most important parts of their life.Table of ContentsPreface Acknowledgments About the Authors Chapter One: Meet the 5Fs Chapter Two: Connect for Success Chapter Three: Seeing the Invisible Chapter Four: Bodybuilding Chapter Five: Money and Morality Chapter Six: Sex: Pleasure and Pain Chapter Seven: Some Tough Decisions Chapter Eight: Putting the 5Fs to Work Index
£18.39
McGraw-Hill Education International Financial Management ISE
Book SynopsisInternational Financial Management provides students with a foundation for analysis through a text that is well-organized, comprehensive, and provides up-to-date coverage of the topics. Like the first nine editions, it is written based on two tenets: emphasis on the basics and emphasis on a managerial perspective.The scope and content of international finance has been fast evolving due to cycles of deregulations and regulations of financial markets, product innovations, and technological advancements. As capital markets of the world are becoming more integrated, a solid understanding of international finance has become essential for astute corporate decision making. Reflecting the growing importance of international finance as a discipline, we have seen a sharp increase in the demand for experts in the area in both the corporate and academic worlds.International Financial Management discussion is written so that a self-contained treatment of each subject Table of ContentsPART ONE:Foundations of International Financial ManagementChapter 1:Globalization and the Multinational FirmChapter 2:International Monetary SystemChapter 3:Balance of PaymentsChapter 4:Corporate Governance Around the World PART TWO:The Foreign Exchange Market, Exchange Rate Determination, and CurrencyDerivativesChapter 5:The Market for Foreign ExchangeChapter 6:International Parity Relationships and Forecasting Foreign Exchange RatesChapter 7:Futures and Options on Foreign Exchange PART THREE:Foreign Exchange Exposure and ManagementChapter 8:Management of Transaction ExposureChapter 9:Management of Economic ExposureChapter 10:Management of Translation Exposure PART FOUR:World Financial Markets and InstitutionsChapter 11:International Banking and Money MarketChapter 12:International Bond MarketChapter 13:International Equity MarketsChapter 14:Interest Rate and Currency SwapsChapter 15:International Portfolio Investment PART FIVE:Financial Management of the Multinational FirmChapter 16:Foreign Direct Investment and Cross-Border AcquisitionsChapter 17:International Capital Structure and the Cost of CapitalChapter 18:International Capital BudgetingChapter 19:Multinational Cash ManagementChapter 20:International Trade FinanceChapter 21: International Tax Environment and Transfer Pricing
£55.79
McGraw-Hill Education Corporate Finance Core Principles and
Book SynopsisCorporate Finance: Core Principles and Applications wasdeveloped for the graduate (MBA) level as a concise, up-to-date, andto-the-point product, the majority of which can be realistically covered in asingle term or course. To achieve theobjective of reaching out to the many different types of students and thevarying course settings, corporate finance is distilled down to its core, whilemaintaining a decidedly modern approach. Purely theoretical issues aredownplayed, and the use of extensive and elaborate calculations is minimized toillustrate points that are either intuitively obvious or of limited practicaluse. The goal was to focus on what students really need to carry away from aprinciples course. A balance is struck by introducing and covering theessentials, while leaving more specialized topics to follow-up courses. Netpresent value is treated as the underlying and unifying concept in corporatefinance. Every subject covered is firmly rooted in valuation, and care is takenthroughouTable of ContentsPART ONE: OVERVIEWChapter One: Introduction to Corporate Finance Chapter Two: Financial Statements and Cash FlowChapter Three: Financial Statements Analysis and FinancialModels PART TWO: VALUATION AND CAPITAL BUDGETINGChapter Four: Discounted Cash Flow Valuation Chapter Five: Interest Rates and Bond Valuation Chapter Six: Stock ValuationChapter Seven: Net Present Value and Other Investment RulesChapter Eight: Making Capital Investment Decisions Chapter Nine: Risk Analysis, Real Options, and CapitalBudgetingPART THREE: RISK AND RETURNChapter Ten: Risk and Return: Lessons from Market HistoryChapter Eleven: Return and Risk: The Capital Asset PricingModel (CAPM)Chapter Twelve: Risk, Cost of Capital, and Valuation PART FOUR: CAPITAL STRUCTURE AND DIVIDEND POLICYChapter Thirteen: Efficient Capital Markets and BehavioralChallengesChapter Fourteen: Capital Structure: Basic ConceptsChapter Fifteen: Capital Structure: Limits to the Use ofDebtChapter Sixteen: Dividends and Other PayoutsPART FIVE: SPECIAL TOPICS Chapter Seventeen: Options and Corporate FinanceChapter Eighteen: Short-Term Finance and Planning Chapter Nineteen: Raising Capital Chapter Twenty: International Corporate Finance Chapter Twenty-One: Mergers and Acquisitions (web only)APPENDIXESA: Mathematical TablesB: Solutions to Selected End-of-Chapter Problems C: Using the HP 10B and TI BA II Plus FinancialCalculators D: Key Equations
£55.79
McGraw-Hill Education Financial Markets and Institutions 2024 Release
Book SynopsisIn response to evolving economic and competitive landscapes, this book underscores the increasing importance of focusing on both profit and risk. It provides a distinctive analysis of the risks encountered by investors and savers engaging with financial institutions and markets while offering strategies for effective risk management. Notably, the book explores emerging areas in finance, including asset securitization, off-balance-sheet activities, and the globalization of financial services. Emphasizing a risk measurement and management framework, it addresses the integration of domestic and foreign financial markets and the shift of financial intermediaries towards a unified financial services industry. The content, accessible to students at all levels, combines mathematical rigor with practical tools. It equips students with essential skills for comprehending and navigating the dynamic financial market environment, covering topics such as issuing and trading financial se
£55.79
Profile Books Ltd The Economist Numbers Guide 6th Edition: The
Book SynopsisDesigned as a companion to The Economist Style Guide, the best-selling guide to writing style, The Economist Numbers Guide is invaluable for everyone who has to work with numbers, which in today's commercially focussed world means most managers. In addition to general advice on basic numeracy, the guide points out common errors and explains the recognised techniques for solving financial problems, analysing information of any kind, forecasting and effective decision making. Over 100 charts, graphs, tables and feature boxes highlight key points, and great emphasis is put on the all-important aspect of how you present and communicate numerical information effectively and honestly. At the back of the book is an extensive A-Z dictionary of terms covering everything from amortisation to zero-sum game. Whatever your business, whatever your management role, for anyone who needs a good head for figures The Economist Numbers Guide will prove invaluable.
£14.25
John Wiley & Sons Inc Investment Banking
Book SynopsisTable of ContentsAdditional Resources xv About the Authors xvii Foreword xxi Acknowledgments xxiii Disclaimer xxxi Introduction 1 Structure of the Book 3 Part One: Valuation (Chapters 1–3) 3 Part Two: Leveraged Buyouts (Chapters 4 & 5) 5 Part Three: Mergers & Acquisitions (Chapters 6 & 7) 6 Part Four: Initial Public Offerings (Chapters 8 & 9) 8 ValueCo Summary Financial Information 9 Part One Valuation 11 Chapter 1 Comparable Companies Analysis 13 Summary of Comparable Companies Analysis Steps 14 Step I. Select the Universe of Comparable Companies 17 Study the Target 17 Identify Key Characteristics of the Target for Comparison Purposes 18 Screen for Comparable Companies 22 Step II. Locate The Necessary Financial Information 23 SEC Filings: 10-K, 10-Q, 8-K, and Proxy Statement 24 Equity Research 25 Press Releases and News Runs 26 Financial Information Services 26 Summary of Financial Data Primary Sources 27 Step III. Spread Key Statistics, Ratios, and Trading Multiples 28 Calculation of Key Financial Statistics and Ratios 28 Supplemental Financial Concepts and Calculations 42 Calculation of Key Trading Multiples 47 Step IV. Benchmark the Comparable Companies 50 Benchmark the Financial Statistics and Ratios 50 Benchmark the Trading Multiples 50 Step V. Determine Valuation 51 Valuation Implied by EV/EBITDA 52 Valuation Implied by P/E 52 Key Pros and Cons 54 Illustrative Comparable Companies Analysis for ValueCo 55 Step I. Select the Universe of Comparable Companies 55 Step II. Locate the Necessary Financial Information 57 Step III. Spread Key Statistics, Ratios, and Trading Multiples 57 Step IV. Benchmark the Comparable Companies 69 Step V. Determine Valuation 74 Chapter 2 Precedent Transactions Analysis 75 Summary of Precedent Transactions Analysis Steps 76 Step I. Select the Universe of Comparable Acquisitions 79 Screen for Comparable Acquisitions 79 Examine Other Considerations 80 Step II. Locate the Necessary Deal-Related and Financial Information 82 Public Targets 82 Private Targets 85 Summary of Primary SEC Filings in M&A Transactions 86 Step III. Spread Key Statistics, Ratios, and Transaction Multiples 88 Calculation of Key Financial Statistics and Ratios 88 Calculation of Key Transaction Multiples 94 Step IV. Benchmark the Comparable Acquisitions 98 Step V. Determine Valuation 98 Key Pros and Cons 99 Illustrative Precedent Transaction Analysis for ValueCo 100 Step I. Select the Universe of Comparable Acquisitions 100 Step II. Locate the Necessary Deal-Related and Financial Information 101 Step III. Spread Key Statistics, Ratios, and Transaction Multiples 103 Step IV. Benchmark the Comparable Acquisitions 111 Step V. Determine Valuation 113 Chapter 3 Discounted Cash Flow Analysis 115 Summary of Discounted Cash Flow Analysis Steps 116 Step I. Study the Target and Determine Key Performance Drivers 120 Study the Target 120 Determine Key Performance Drivers 120 Step II. Project Free Cash Flow 121 Considerations for Projecting Free Cash Flow 121 Projection of Sales, EBITDA, and EBIT 123 Projection of Free Cash Flow 125 Step III. Calculate Weighted Average Cost of Capital 131 Step III(a): Determine Target Capital Structure 132 Step III(b): Estimate Cost of Debt (rd) 133 Step III(c): Estimate Cost of Equity (re) 134 Step III(d): Calculate WACC 138 Step IV. Determine Terminal Value 138 Exit Multiple Method 139 Perpetuity Growth Method 139 Step V. Calculate Present Value and Determine Valuation 141 Calculate Present Value 141 Determine Valuation 143 Perform Sensitivity Analysis 145 Key Pros and Cons 146 Illustrative Discounted Cash Flow Analysis for ValueCo 147 Step I. Study the Target and Determine Key Performance Drivers 147 Step II. Project Free Cash Flow 147 Projection of Sales, EBITDA, and EBIT 149 Step III. Calculate Weighted Average Cost of Capital 154 Step IV. Determine Terminal Value 159 Step V. Calculate Present Value and Determine Valuation 161 Part Two Leveraged Buyouts 167 Chapter 4 Leveraged Buyouts 169 Key Participants 171 Financial Sponsors 171 Investment Banks 172 Bank and Institutional Lenders 174 Bond Investors 175 Private Credit Funds 176 Target Management 176 Characteristics of a Strong LBO Candidate 177 Strong Cash Flow Generation 178 Leading and Defensible Market Positions 178 Growth Opportunities 178 Efficiency Enhancement Opportunities 179 Low Capex Requirements 179 Strong Asset Base 180 Proven Management Team 180 Economics of LBOs 181 Returns Analysis—Internal Rate of Return 181 Returns Analysis—Cash Return 182 How LBOs Generate Returns 182 How Leverage Is Used to Enhance Returns 184 Primary Exit/Monetization Strategies 187 Sale of Business 187 Initial Public Offering 188 Dividends / Dividend Recapitalization 188 Below Par Debt Repurchase 188 LBO Financing: Structure 189 LBO Financing: Primary Sources 192 Secured Debt 192 High Yield Bonds 196 Mezzanine Debt 198 Equity Contribution 199 LBO Financing: Selected Key Terms 202 Security 202 Seniority 202 Maturity 203 Coupon 204 Call Protection 205 Covenants 206 Term Sheets 209 LBO Financing: Determining Financing Structure 212 Chapter 5 LBO Analysis 217 Financing Structure 217 Valuation 218 Step I. Locate and Analyze the Necessary Information 220 Step II. Build the Pre-LBO Model 220 Step II(a): Build Historical and Projected Income Statement through EBIT 221 Step II(b): Input Opening Balance Sheet and Project Balance Sheet Items 224 Step II(c): Build Cash Flow Statement through Investing Activities 226 Operating Activities 226 Step III. Input Transaction Structure 229 Step III(a): Enter Purchase Price Assumptions 229 Step III(b): Enter Financing Structure into Sources and Uses 231 Step III(c): Link Sources and Uses to Balance Sheet Adjustments Columns 232 Uses of Funds Links 235 Step IV. Complete the Post-LBO Model 238 Step IV(a): Build Debt Schedule 238 Step IV(b): Complete Pro Forma Income Statement from EBIT to Net Income 247 Step IV(c): Complete Pro Forma Balance Sheet 250 Step IV(d): Complete Pro Forma Cash Flow Statement 252 Step V. Perform LBO Analysis 254 Step V(a): Analyze Financing Structure 254 Step V(b): Perform Returns Analysis 256 Step V(c): Determine Valuation 260 Step V(d): Create Transaction Summary Page 261 Illustrative LBO Analysis for ValueCo 262 Part Three Mergers & Acquisitions 273 Chapter 6 Sell-Side M&A 275 Auctions 276 Auction Structure 279 Organization and Preparation 279 Identify Seller Objectives and Determine Appropriate Sale Process 279 Perform Sell-Side Advisor Due Diligence and Preliminary Valuation Analysis 281 Select Buyer Universe 281 Prepare Marketing Materials 282 Prepare Confidentiality Agreement 285 First Round 286 Contact Prospective Buyers 286 Negotiate and Execute Confidentiality Agreement with Interested Parties 286 Distribute Confidential Information Memorandum and Initial Bid Procedures Letter 287 Prepare Management Presentation 288 Set Up Data Room 289 Prepare Stapled Financing Package (if applicable) 291 Receive Initial Bids and Select Buyers to Proceed to Second Round 291 Second Round 293 Conduct Management Presentations 293 Facilitate Site Visits 294 Provide Data Room Access and Respond to Diligence Requests 294 Distribute Final Bid Procedures Letter and Draft Definitive Agreement 295 Receive Final Bids 296 Negotiations 300 Evaluate Final Bids 300 Negotiate with Preferred Buyer(s) 300 Select Winning Bidder 300 Render Fairness Opinion (if required) 301 Receive Board/Owner Approval and Execute Definitive Agreement 301 Closing 302 Obtain Necessary Approvals 302 Shareholder Approval 303 Financing and Closing 305 Negotiated Sale 306 Chapter 7 Buy-Side M&A 309 Buyer Motivation 310 Synergies 311 Cost Synergies 312 Revenue Synergies 312 Acquisition Strategies 313 Horizontal Integration 313 Vertical Integration 313 Conglomeration 314 Form of Financing 315 Cash on Hand 316 Debt Financing 316 Equity Financing 317 Debt vs. Equity Financing Summary—Acquirer Perspective 318 Deal Structure 318 Stock Sale 318 Asset Sale 321 Stock Sales Treated as Asset Sales for Tax Purposes 324 Buy-Side Valuation 327 Football Field 327 Analysis at Various Prices 330 Contribution Analysis 331 Merger Consequences Analysis 333 Purchase Price Assumptions 333 Balance Sheet Effects 338 Accretion/(Dilution) Analysis 343 Acquisition Scenarios—I) 50% Stock/50% Cash; II) 100% Cash; and III) 100% Stock 346 Illustrative Merger Consequences Analysis for the BuyerCo/ValueCo Transaction 351 Part Four Initial Public Offerings 373 Chapter 8 Initial Public Offerings 375 Why Do Companies Go Public? 376 Characteristics of a Strong IPO Candidate 378 Attractive Industry 378 Strong Competitive Position 378 Growth Opportunities 379 Moat & Barriers to Entry 380 Healthy Financial Profile 380 Disruptive & Differentiated Solutions 381 Favorable Risk Profile 381 Proven Management Team 382 Key Participants 383 Investment Banks 383 Company Management 386 Current Owners/Investors 387 IPO Investors 387 Lawyers 388 Accountants 388 Exchange Partner 389 IPO Advisors 390 Vendors 390 Selected Key Terms 391 Offering Size 392 Primary/Secondary 393 Overallotment Option, a.k.a. “Greenshoe” 394 Syndicate Structure 395 Lock-up Provision 396 Listing Exchange 396 Gross Spread 397 Dual-Track Process 398 Special Purpose Acquisition Companies (SPACs) 401 Direct Listings 403 Post-IPO Equity Offerings 406 IPO Considerations 407 Nasdaq Appendix 409 Chapter 9 The IPO Process 413 Organization and Preparation 415 Select IPO Team, Exchange Partner and Assign Responsibilities 415 Manage Corporate Housekeeping 418 C Corp vs. Up-C Structure 423 Determine IPO Timing 425 Determine Offering Structure and Preliminary IPO Valuation 426 Host Organizational Meeting 429` Due Diligence, Drafting, and Filing 430 Perform Underwriter Due Diligence 430 Draft and File the Registration Statement 431 Prepare Other Key Transaction and Corporate Governance Documents 436 Coordinate with Equity Research 437 Respond to SEC Comments and File Amended Registration Statement 437 Marketing and Roadshow 438 Prepare Marketing Materials 438 Salesforce Teach-in 439 Conduct Roadshow 440 Build Order Book 443 Pricing and Allocation 445 Price the Offering 445 Allocate Shares to Investors 447 Closing 447 Afterword 449 Bibliography and Recommended Reading 451 Index 457
£90.00
John Wiley & Sons Inc Private Equity Compliance
Book SynopsisDevelop and manage a private equity compliance program Compliance has become one of the fastest-growing areas in the private equity (PE) space. Mirroring trends from the hedge fund industry, recent surveys indicate that PE managers rank compliance as the single most challenging aspect of their business. Reports also indicate that PE compliance spending has rapidly outpaced other PE operating costs with recent estimates indicating that individual PE funds on average spend at least 15 - 20% of their operating budgets on this area. General Partners (GPs) have also significantly ramped up the hiring of private equity compliance related roles. Private Equity Compliance provides current and practical guidance on key private equity (PE) compliance challenges and trends. Packed with detailed, practical guidance on developing and managing a private equity compliance program, it offers up-to-date case studies and an analysis of critical regulatory enforcement actioTable of ContentsPreface ix CHAPTER 1 Introduction to Private Equity Compliance 1 CHAPTER 2 Compliance Obligations of General Partners 15 CHAPTER 3 Limited Partner Advisory Committees and Other Boards 25 CHAPTER 4 Valuation Compliance 41 CHAPTER 5 Conflicts of Interest 53 CHAPTER 6 Fees and Expenses – Compliance Considerations 73 CHAPTER 7 Private Equity Compliance Technology, Business Continuity, and Cybersecurity 107 CHAPTER 8 Understanding Private Equity Compliance Documentation 121 CHAPTER 9 Compliance Training, Surveillance, and Testing for Private Equity Firms 137 CHAPTER 10 Limited Partner Analysis of Private Equity Compliance Functions 151 CHAPTER 11 Interviews with Private Equity Compliance Professionals 167 CHAPTER 12 Compliance Trends and Future Developments 193 About the Author 205 Index 207
£45.00
Columbia University Press Discovering Prices
Book SynopsisPaul Milgrom describes how auctions can be used to discover prices and guide efficient resource allocations. Milgrom roots his new theories in real-world examples (including the ambitious U.S. incentive auction of radio frequencies, whose design he led) and provides economists with crucial new tools for solving complex resource allocation problems.Trade ReviewIn Discovering Prices, Paul Milgrom shows how innovative systems of price discovery can help solve vexing problems of reallocation, long thought to be intractable and made particularly challenging by the complexity and interconnectedness of new technologies. Milgrom's revolutionary advance in price theory is a most fitting tribute to Kenneth Arrow, who laid the foundation for understanding the traditional price system. A brilliant, fascinating book. -- Bengt Holmstrom, Massachusetts Institute of Technology, Nobel Laureate in EconomicsWith deep theoretical insights and broad practical experience, Milgrom presents a systematic analysis of the challenges of pricing in complex resource-allocation problems, and in doing so he helps us to better understand the foundations of price theory in economics. -- Roger Myerson, University of Chicago, Nobel Laureate in EconomicsThe elegant theory and mathematics in Milgrom’s Discovering Prices are at the foundation of the FCC’s Broadcast Incentive Auction. I can confirm the successful real-world application of the same, with Milgrom’s active participation during every step of the design and implementation of an auction that will repurpose 84 MHz worth of prime spectrum and generate almost $20 billion in proceeds. -- Gary M. Epstein, Chair of the FCC's Incentive Auction Task ForceThis groundbreaking book of practical economic theory by Milgrom, the world’s most accomplished designer of complex auctions, describes the design of the most complex auction yet: the FCC incentive auction for electromagnetic spectrum. The book also illuminates why the magic of the market doesn’t happen by magic, but sometimes needs to be designed. Every economist, and indeed anyone interested in how markets work, will find these wide-ranging reflections rewarding to read and ponder. -- Alvin E. Roth, Stanford University, Nobel Laureate in EconomicsNo one has greater knowledge or, perhaps more importantly, more reliable instincts when it comes to incentive auction design. Milgrom's excellent monograph should be made available to economists as soon as possible. -- Leslie Marx, Duke UniversityTable of ContentsPreface1. Introduction2. (Near-)Substitutes, Prices, and Stability3. Vickrey Auctions and Substitution4. Deferred-Acceptance Auctions and Near-Substitutes5. ConclusionNotesReferencesIndex
£15.29
John Wiley & Sons Inc Make Money Work for YouInstead of You Working for
Book SynopsisAn invaluable primer to the world of investing Money Lessons from a Money Manager speaks directly to the individual who wants to manage their own investment portfolio just like a professional portfolio manager would. Written by portfolio manager William Thomason, this comprehensive guide provides professional investment advice on how to identify, research and ultimately purchase profitable investments. The book covers such subjects as fundamental analysis, understanding financial statements and financial ratios, when to buy and sell, portfolio construction and various investment strategies that readers can use to manage their own money just like a professional portfolio manager. Easy to read and informative, this book is a valuable resource for readers looking to take their first steps in the world of professional portfolio management for themselves.Table of ContentsForeword ix Acknowledgments xi Introduction 1 Chapter 1 Getting Started: Setting Goals, Choosing Investments, Getting Information 5 Chapter 2 Understanding Financial Statements: Analyze Companies Like a Financial Analyst 39 Chapter 3 Calculate a Company’s Expenses, Earnings, Financial Ratios, and Profit Margins 63 Chapter 4 Fundamental Analysis: Assessing the Value of Potential Investments 95 Chapter 5 How the Pros Know When to Buy 123 Chapter 6 Investing Strategies You Can Use to Know When to Buy 143 Chapter 7 Know When to Sell 185 Chapter 8 Portfolio Management 101: Putting It All Together 213 More Than Just a Glossary 257 About the Author 275 Index 277
£13.59
John Wiley & Sons Inc The Vulture Investors
Book Synopsis"What kinds of investors actually choose to make their living by seeking out troubled companies and becoming mired in the complexities and contentiousness of a bankruptcy or out-of-court workout?" - Hilary Rosenberg (from The Vulture Investors) Welcome to the big-time, big-stress-and big-profit-world of vulture investing.Table of ContentsLove among the Ruins. A Field Guide to Vultures. Power Play. The Committeeman's Coup. The Three-Headed Monster at Wheeling-Pittsburgh Steel. Fixing Revco. The Raid on Allegheny International. Closing In. Convenience in Bankruptcy Shopping. Surviving at the Bottom. The Grave Dancers. A Flash and a Star. Conclusion. Notes. Index.
£43.50
John Wiley & Sons Inc The Candlestick Course
Book SynopsisSteve Nison is the acknowledged as the Western authority on Japanese charting analysis. His seminars and articles have generated worldwide interest in candlesticks and because he cannot meet all the requests for speaking engagements he has here developed course book of tutorials that address the fundamentals of this kind of analysis.Table of ContentsForeword by Toni Turner. About the Author. Introduction. CHAPTER ONE: THE ESSENTIALS. Section One. Candlestick Overview. Section Two. Candlestick Construction. Section Three. Basic Market Strategies. CHAPTER TWO. SINGLE CANDLE LINES. Section One. Spinning Tops and High Wave Candles. Section Two. The Dangerous Doji. Section Three. Long Real Bodies, the Consummate Storytellers. CHAPTER THREE. THE POWER OF CANDLE PATTERNS. Section One. Close Cousins: Piercing, Dark Cloud Cover, Engulfing, and Counterattacks. Section Two. The Harami and Harami Cross, Morning and Evening Stars. Section Three. Picturesque Storytellers: Tweezers, Crows, and Soldiers. Section Four. Disjointed Candles: Rising and Falling Windows. CHAPTER FOUR: TAKING ADVANTAGE OF MARKET OPPORTUNITIES. Section One. Candle Chart Applications. Section Two. Trading Guidelines. CHAPTER FIVE: PROGRESSIVE CHARTING. CHAPTER SIX: BRINGING IT ALL TOGETHER: REAL-WORLD CHARTS. Conclusion. Visual Glossary of Candlestick Terms Used in This Book.
£43.12
John Wiley & Sons Inc Study Guide for Come Into My Trading Room A
Book SynopsisThe trading bible for the new millennium In Come Into My Trading Room, noted trader and author Dr. Alexander Elder returns to expand far beyond the three M's (Mind, Method, and Money) of his bestselling Trading for a Living. Shifting focus from technical analysis to the overall management of a trader's money, time, and strategy, Dr.Table of ContentsStudy Guide for Come Into My Trading Room. How This Book is Organized. Part One: Questions. 1. Financial Trading for Babes in the Woods: Questions 1 8. 2. Mind The Disciplined Trader: Questions 9 18. 3. Basic Charting: Questions 19 23. 4. Indicators Five Bullets to a Clip: Questions 24 39. 5. Trading: Questions 40 47. 6. Day-Trading: Questions 48 53. 7. Advanced Concepts: Questions 54 67. 8. Money Management: Questions 68 82. 9. The Organized Trader: Questions 83 100. Part Two: Answers and Rating Scales. 1. Financial Trading for Babes in the Woods: Answers 1 8. 2. Mind The Disciplined Trader: Answers 9 18. 3. Basic Charting: Answers 19 23. 4. Indicators Five Bullets to a Clip: Answers 24 39. 5. Trading: Answers 40 47. 6. Day-Trading: Answers 48 53. 7. Advanced Concepts: Answers 54 67. 8. Money Management: Answers 68 82. 9. The Organized Trader: Answers 83 100. Part Three: Let s Trade: Case Studies and Questions. Part Four: Let s Trade: Answers and Ratings. The Road Ahead. Sources. About the Author.
£22.40
John Wiley & Sons Inc The Dhandho Investor
Book SynopsisA comprehensive value investing framework for the individual investor In a straightforward and accessible manner, The Dhandho Investor lays out the powerful framework of value investing.Trade Review"Today's greatest rising investor"--Motley Fool "How to invest the way an Indian migrant with little money would do - by looking for companies with little downside…" (Financial Times, Tues 26th February)Table of ContentsAcknowledgments. 1. Patel Motel Dhandho. 2. Manilal Dhandho. 3. Virgin Dhandho. 4. Mittal Dhandho. 5. The Dhandho Framework. 6. Dhandho 101: Invest in Existing Businesses. 7. Dhandho 102: Invest in Simple Businesses. 8. Dhandho 201: Invest in Distressed Businesses in Distressed Industries. 9. Dhandho 202: Invest in Businesses with Durable Moats. 10. Dhandho 301: Few Bets, Big Bets, Infrequent Bets. 11. Dhandho 302: Fixate on Arbitrage. 12. Dhandho 401: Margin of Safety—Always! 13. Dhandho 402: Invest in Low-Risk, High-Uncertainty Businesses. 14. Dhandho 403: Invest in the Copycats rather than the Innovators. 15. Abhimanyu’s Dilemma—The Art of Selling. 16. To Index or Not to Index—That Is the Question. 17. Arjuna’s Focus: Investing Lessons from a Great Warrior. Notes. Index.
£23.16
John Wiley & Sons Inc Enough True Measures of Money Business and Life
Book SynopsisJohn Bogle puts our obsession with financial success in perspective Throughout his legendary career, John C. Bogle-founder of the Vanguard Mutual Fund Group and creator of the first index mutual fund-has helped investors build wealth the right way and led a tireless campaign to restore common sense to the investment world.Trade Review"Enough" takes only a few hours to read, but the lessons will stick with you. It is chock-full of no-nonsense business nuggets, many of which I have passed on to my business students. I highly recommend this book. If you are an entrepreneur running your own small business or if you work in a large corporation, this book should be on your reading list." (The Asheville Citizen-Times) “I highly recommend the book "Enough" by Vanguard's founder, Jack Bogle, who eloquently outlines many of the frustrations investors have.” (USA Today) “This small book is another home run. In it, Bogle ruminates on greed, excess and other moral failings that led to the current economic crisis. He calls for a return to "18th-century values" that somehow seem cutting edge. Among them: stewardship, integrity, leadership and character.”(Liz Pulliam Weston, MSN Money) “While Enough turns one man’s amazing story of financial and personal success into a guidebook to a more satisfying life, it offers more than a memoir about a life well lived. “Enough” also presents a clear understanding of the fields of finance, money management and leadership that is tempered by wit and wisdom from across the ages that puts it all into perspective while leading the way forward for anyone willing to take Bogle’s enlightened idealism to heart. “ (SmartBusiness) Vanguard Group founder Bogle expounds on the hidden costs of our current financial system (primarily driven by speculation and complexity) and suggests that a deeper understanding of what is truly “enough” will help foster more sustainable investing and better living. (Library Journal Best of 2008 Selection) “Why don’t people publish pamphlets any more. I’m not talking about the slim-jims handed out at trade shows, but rabble-rousing, world-changing works like Common Sense and The Communist Manifesto. John Bogle, the founder of Vanguard, follows in the footsteps of the great pamphleteers…‘Central to the effective functioning of capitalism,’ he writes, ‘was the fundamental principle of trusting and being trusted’—and that is disappearing. The problem now: No one is satisfied with having ‘enough’ money or enough success. … If pamphlets were still the rage, 48 pages distilled from the contents of this book could be something as powerful to our age as anything written by Thomas Paine or Marx and Engels. In our more bookish time, though, Bogle has fleshed his ideas out to an interesting, 266-page overview of his life and his views.” (Barron’s) “’What have I created?’ [Bogle] asks in mock horror in his new book…his cry reflects a deeper personal dilemma, one that jags like a scar through this thoughtful meditation on the excess and greed that created the worst financial crisis since the Great Depression. … I applaud his enthusiasm and don’t doubt his wisdom and sincerity. ‘Enough’ – with the period – is a worthy addition to the canon, a variation of his familiar sermon on thrift, simplicity, and the superiority of low-cost index funds.” (James Pressley, Bloomberg News) “Jack Bogle’s passionate cry of Enough. contains a thought-provoking litany of life lessons regarding our individual roles in commerce and society. Employing a seamless mix of personal anecdotes, hard evidence, and all-too-often-underrated subjective admonitions, Bogle challenges each of us to aspire to become better members of our families, our professions, and our communities. Rarely do so few pages provoke so much thought. Read this book.” (David F. Swensen, Chief Investment Officer, Yale University) "We live in a time that values achievement over character. When the two collide, character often takes a back seat and relationships of all kinds are shattered. Bogle observes that while the financial represents the worst of it, what we see today is not just a financial sector problem, but a societal problem. There is really just too much greed everywhere. … Enough is really about discovering what is really important in our lives. " (Michael McKinney, LeadingBlog) "Bogle is a rarity - a true captain of industry who speaks about complex economic issues in a language comprehensible to the layperson." (Michael Smerconish, The Philadelphia Enquirer) "Enough shines a light on Bogle's sense of despair over the state of the financial industry, and perhaps industry in general. … From CEOs who implode their companies and float away on golden parachutes, to financial companies who create instruments so complex they themselves have trouble understanding them, to mutual fund companies that market rosy returns while sugarcoating their fees, Bogle sees a lack of integrity and a willingness to play fast and loose with ethical rules in order to make a buck. (Or, maybe more accurate, 150 billion bucks.)" (Justin McHenry, BlogCritics Magazine) "It's hard to imagine a better time to publish a book that advocates moderation, balance and integrity in the business world. In this wise meditation, Bogle, the folk-hero creator of the first index mutual fund and founder of the Vanguard Mutual Fund Group, deplores ‘our worship of wealth and the growing corruption of our professional ethics but ultimately the subversion of our character and values.’ Directly in his sights: CEOs and hedge-fund managers who draw ‘obscene’ compensation. At this time of plunging portfolios, it is a relief to be told that ‘enough’ is within reach." (TIME Magazine) "I will simply say that it is one of the best business books ('life' books?) I have ever read, an easy All-time Top 10. And its timing is, well, read it yourself ..." (Tom Peters) “This is an impressive message from a distinguished businessman. It will challenge all decision makers to consider the sufficiency and direction of their lives and work. What do we mean by Enough? Enough of what? Enough for what purpose? Feast here and reflect.” ( Robert F. Bruner, Dean and Charles C. Abbott Professor of Business Administration, Darden Graduate School of Business) “From one ‘battler’ to another: Thank you for putting in one little book the premise for an active, long life. A primer for those who will abjure complacency and just wanting more, who’d rather focus on the joy of trying to move some ball downfield.” (Ira Millstein, Senior Partner, Weil Gotshal & Manges LLP) “The balances one must create in investing, in running a business, and in life more generally are simply and clearly stated in Jack’s most recent book, Enough. Unfortunately there are not enough Jack Bogles around in today’s world of instant gratification. Enough. should be must reading for business students and corporate board members.” (David L. Sokol, Chairman, MidAmerican Energy Holdings Company) "Although Enough. is presented in a small volume, John Bogle's wisdom is writ large and profound. The messages are particularly meaningful as we all reel from the moral, economic and financial meltdown that confronts us today. (William H. Donaldson, Former Chairman, U.S. Securities and Exchange Commission) “[an] engaging, highly readable new book on what went wrong in financial markets in recent years. In the growing canon of "what went wrong" books, Bogle's offering holds a unique place. . . readers will value the common sense packed in these pages.” (Jared Bernstein, Philadelphia Inquirer) "Bogle. . . shows prescience in describing the housing bubble and other problems that sank the economy, in a book written mostly before Lehman Brothers failed in 2008, igniting a financial rout." (News & World Report) "’A Manifesto on success and excess. . . ‘Enough’ is just enough mixture of analysis of our financial system and common sense to help you become a better person and a better investor." (Washington Post) "The book is extremely well thought out and is organized into three sections: "Money", "Business" and "Life". With endorsements from a "who's who" of the financial industry, this book is something we could all learn from. In the first section, Money, Bogle shares his concerns about "Too Much Speculation, Not Enough Investment". In the following section, Business, he tell us that business today has "Too Much Salesmanship, Not Enough Stewardship", Finally, in Life, he suggests there is "Too Much Focus on Things, Not Enough Focus on Commitment". Bogle's long career in investment management and his natural intellectual curiosity have instilled in him a highly valuable perspective. His main theme in this new book is that several decades of strong economic performance and substantial growth of the financial sector have resulted in new values and processes, which have undermined traditional values such as character and trust. He suggests that today many of the problems we face are the result of the recent shift in values, and he outlines his "dreams" for how to put things right." (Brian Johnson. "On Investing: Kaizen, or constantly improve." The Valley News Today Online. 10 Oct. 2009) "John Bogle starts his latest book, Enough , with a great story. Kurt Vonnegut and Joseph Heller were at a party hosted by a hedge fund manager. Mr. Vonnegut muses that their host makes more money in a day than Mr. Heller earned from his wildly successful novel Catch 22 . As the story goes, Mr. Heller responded, "Yes, but I have something he will never have … enough." Mr. Bogle, who is the conscience of the wealth management industry, covers a broad range of topics in the book. Early on he exposes the excesses and wrong-thinking of the investment industry – high fees, too much turnover and complicated products. His antidote to these ills is low-cost indexing, which is to be expected from the founding father of indexing and the trillion-dollar mutual fund company, Vanguard, that made it mainstream." — Tom Bradley, President and Founder, Steadyhand Investments "I may have found the book thought provoking because I read it just after my other half was downsized out of a job, wrenching our family's finances. Or maybe I connected with the book because I read it while my mother was recovering from major heart surgery. It was a time when "what is enough?" was an immediate and profound question for me, a question crossing the minds of countless people during a recession that continues to sap the U.S. economy (particularly in the Midwest). And maybe Bogle's advice about wealth and the pursuit of it reminded me of what my late father often told me: "Remember son, it's only money."" — Mark Wert, Cincinnati.ComTable of ContentsIntroduction. MONEY. Chapter 1: Too Much Cost, Not Enough Value. Chapter 2: Too Much Speculation, Not Enough Investment. Chapter 3: Too Much Complexity, Not Enough Simplicity. BUSINESS. Chapter 4: Too Much Counting, Not Enough Trust. Chapter 5: Too Much Business Conduct, Not Enough Professional Conduct. Chapter 6: Too Much Salesmanship, Not Enough Stewardship. Chapter 7: Too Much Management, Not Enough Leadership. LIFE. Chapter 8: Too Much Focus on Things, Not Enough Focus on Commitment. Chapter 9: Too Many Twenty-First-Century Values, Not Enough Eighteenth-Century Values. Chapter 10: Too Much “Success,” Not Enough Character. WRAPPING UP: WHAT'S ENOUGH? What's Enough for Me? For You? For America? Afterword: A Personal Note About My Career. Acknowledgments. Notes. Index.
£17.09
John Wiley & Sons Inc The Commitments of Traders Bible
Book SynopsisRegardless of your trading methods, and no matter what markets you're involved in, there is a Commitments of Traders (COT) report that you should be reviewing every week. Nobody understands this better than Stephen Briese, an industry-leading expert on COT data. And now, with The Commitments of Traders Bible, Briese reveals how to use the predictive power of COT dataand accurately interpret itin order to analyze market movements and achieve investment success.Trade Review"…best book I have read on the COT reports...will give you a better understanding of how the commodity markets work..." (About.com: Commodities)Table of ContentsList of Illustrations xiii List of Tables xix Preface xxi Acknowledgments xxv Part I COT Theory Chapter 1 The COT—Assorted History 3 The Grain Futures Administration 3 The Commodity Exchange Authority 4 The Commodity Futures Trading Commission 5 The Modern COT Data 6 COT Options and Futures Combined Report 8 COT-Supplemental Commodity Index Trader Report 9 A Fable 11 Chapter 2 COT Reports—Counting 1, 2, 3 . . . 15 The Long Form 17 The Short Form 23 COT-Supplemental Commodity Index Report 24 Chapter 3 Player Introductions 27 Sizing Them Up 27 The Reporting System 31 Commercial Hedgers 31 Large Speculators 33 Commodity Index Traders 34 Small Traders 36 Chapter 4 Fading Small Speculators and Other Half-Baked Schemes 39 TIP: Always Follow Commercials 39 TIP: Net Long Is Bullish; Net Short Bearish 40 TIP: Always Fade the Small Speculator 43 TIP: It Is Only Logical to Compare Hedging to the Seasonal Average 43 TIP: The COT Is Old News by the Time It Is Released 45 Chapter 5 Net Positions 47 Open Interest 47 Constructing Net Positions Charts 47 Large Speculator Patterns 51 Commercial Patterns 56 Small Trader Patterns 59 Commodity Index Traders 60 Chapter 6 The COT Index 63 COT Index Calculation (Commercials) 63 Alternative Look-Back Periods 66 The COT Index as the Great Normalizer 67 Interpreting the COT Index 69 Heal Thyself 72 Chapter 7 COT Movement Index 75 Commercial Movement Index 75 40 Point COT Surge Rules (Commercials) 76 Combining the Indexes 77 Fund Movement Index 79 Chapter 8 View from the Gallery 83 Keynes’s Theory of Normal Backwardation 84 Can Speculators Forecast Prices? 85 Returns to Speculators and the Theory of Normal Backwardation 86 Returns to Individual Traders of Futures: Aggregate Results 87 Luck Versus Forecast Ability: Determinants of Trader Performance in Futures Markets 87 The Returns and Forecasting Ability of Large Traders in the Frozen Pork Bellies Futures Market 88 Hedging Pressure Effects in Futures Markets 88 Hedging Demand and Foreign Exchange Risk Premia 89 Investor Sentiment and Return Predictability in Agricultural Futures Markets 89 The Behavior and Performance of Major Types of Futures Traders 90 Exchange Rate Changes and Net Positions of Speculators in the Futures Market 93 The Profitability of Speculators in Currency Futures Markets 94 Summary 95 Chapter 9 View from the Pits 97 The Study Data 98 The Trading Rules 98 Trading Rules Test Results 100 Trading System Considerations 100 Chapter 10 Chart Pattern Validation 105 A Brief Charting Primer 105 Bottom Formations 106 Top Formations 108 Continuation Patterns 111 Chapter 11 Getting Technical 115 COT-Stochastics 115 COT MACD-Histogram 117 COT-RSI 120 Standard Deviation (Bollinger) Bands 121 Conclusions 122 Part II COT in Practice Chapter 12 Crossing Currencies 127 Commercials 129 U.S. Dollar Index 129 Currency Correlation Tables 132 Currency Futures Historical COT Charts 133 Chapter 13 Taking Stock 145 The COT Beats the Averages 146 Stock Index Correlation Tables 148 Stock Index Futures Historical COT Charts 148 Chapter 14 Test of Metal 155 Marking Time in Gold 155 The Gold/Silver Ratio 157 The Copper Caper 157 Commercials 158 Metal Correlation Tables 161 Metal Futures Historical COT Charts 161 Chapter 15 Oil’s Slick 165 To an Uninterrupted Gasoline Supply 165 Commercial Hedgers 168 Petroleum Correlation Tables 168 Petroleum Futures Historical COT Charts 169 Chapter 16 Interest in Rates 175 What Drives Rates? 175 Commercial Hedgers 176 Treasury Futures Correlation Tables 176 Treasury Futures Historical COT Charts 176 Chapter 17 Bean Counting 183 The One That Got Away 183 Commercial Hedgers 185 Soy and Grain Correlation Tables 189 Soy and Grain Historical COT Charts 189 Chapter 18 Moonlighting 195 It Might Be Corny, But. . . 195 Small Can Be Beautiful 196 Commercial Hedgers 196 Livestock Correlation Tables 197 Livestock Historical COT Charts 201 Chapter 19 Cedeless Oranges 205 Continuous Commodity Index 206 Food and Fiber Correlation Tables 208 Food and Fiber Historical COT Charts 208 Chapter 20 Now You CIT, Now You Don’t 217 The COT-Supplemental Report 217 Historical COT-Supplemental Charts 218 Epilogue 233 Appendix A: Alternative Net Position Formulas 237 Appendix B: Dodging the Pitfalls in COT Data 243 References 251 Glossary 257 About the Author 269 Index 271
£51.00
McGraw-Hill Education - Europe Understanding Options 2E
Book SynopsisTHE OPTIONS INVESTING BESTSELLER--WITH CRITICAL NEW INSIGHT FOR TODAY'S TUMULTOUS MARKETSWritten in an accessible, easy-to-read style, this new edition of Understanding Options provides everything you need to get started on the right foot in the increasingly popular options market.You'll learn what options are and how they work, their pros and cons, their relationship with stocks, and how to use them to gain leverage, generate extra income, and protect against adverse price movements. Understanding Options covers everything that has made it the go-to guide for novice investors--plus it has brand-new information and features, including: Updated facts, charts, and figures Expanded coverage of collars, credit and debit spreads,mini-options, the Greeks, and protective puts Key strategy insights from master options traders A critical look at trading options on ETFs Options simply are not as confusing as the other books make them se
£14.44
Pearson Education Financial Times Essential Guide to Budgeting and
Book SynopsisNigel Wyatthas been running his own financial training consultancy Magenta Financial Training since 1991. Nigel has worked with a wide range of organisations, including many blue-chip companies. In recent years he has worked extensively abroad, including India, China, Oman, Saudi Arabia, UAE, Kuwait and Jordan. Most of the training programmes Nigel delivers are aimed at non-financial managers.Table of ContentsContents About the author Acknowledgements Introduction Part 1 Preparing your budgets 1 What is the budget for? Introduction The role of budgets – why do we have them? 1 Meeting the organisation’s objectives 2 Planning 3 Monitoring and controlling 4 Co-ordinating 5 Evaluating performance 6 Improving performance 7 Motivating managers 8 Management contract 9 Communicating 10 Providing a basis for authorising expenditure and delegating responsibility 11 Identifying scarce resources 12 Allocating resources 13 Demonstrating and delivering good corporate governance Linking budgets to strategy and policy Budgets for special purposes Planning periods 2 What is a forecast and how does it differ from a budget? What is the difference between a budget and a forecast? Benefits of forecasting ‘beyond the wall’ Forecasts, projects and contracts Forecasting tools and techniques Sales forecasting Quantitative forecasting using Microsoft Excel Useful Excel tools Forecast frequency and automation Measuring and improving forecast accuracy Forecast financial statements New product sales forecasting Other factors to consider in sales forecasts 3 Essential background financial skills for budgeting Cheaper is not always better: cost and value in budgeting Accruals, cash and commitment accounting and budgeting Understanding profit and loss account figures Review of accruals accounting Direct and indirect methods of producing cash flow accounting The balance sheet The master budget Costs Value analysis and value engineering Activity based costing (ABC) The breakeven model Cost structure Capital expenditure planning 4 How should the budget be built? Introduction Building budgets Incremental budgeting Zero based budgeting Activity based budgeting Should budgets be top-down or bottom-up? Fixed v flexible budgets External comparison driven budgets VFM, outcome orientated and evidence based budgets The power of evidence in protecting budgets Good budgeting practice and ideas for constructing a budget Setting budgets for contingencies The challenge process Building budgets and performance measurement The budget game Presenting budgets 5 How should cash be budgeted and controlled? Planning systems and cash flow forecasting Managing working capital – cash and risk Managing trade debtors (accounts receivable) Managing stock (inventory) Managing trade creditors (accounts payable) Cash flow in a business 6 How should capital expenditure be budgeted for? What is capital expenditure? The payback rule NPV and DCF Capital rationing: profitability index Strategic fit and ‘roadmaps’ Sensitivity analysis Risk Post-investment appraisal Long-term cash flow planning Asset rep
£16.14
John Wiley & Sons Inc The Permanent Portfolio
Book SynopsisMarket uncertainty cannot be eliminated. So rather than attempt to eliminate it, why not embrace it? That is what this book has been designed to do. Inside the Investment Bunker takes readers through Harry Browne's Permanent Portfolio approach, and reveals how it can help investors thrive in today's turbulent markets.Table of ContentsForeword xi Preface: Life is Uncertain xv Acknowledgments xix Chapter 1 What is the Permanent Portfolio? 1 A Simple Idea 1 A Simple Allocation 3 Simply Great Results 3 Chapter 2 The 16 Golden Rules of Financial Safety 5 Rule #1: Your Career Provides Your Wealth 6 Rule #2: Don’t Assume You Can Replace Your Wealth 6 Rule #3: Recognize the Difference between Investing and Speculating 6 Rule #4: No One Can Predict the Future 7 Rule #5: No One Can Time the Market 7 Rule #6: No Trading System Will Work as Well in the Future as It Did in the Past 8 Rule #7: Don’t Use Leverage 8 Rule #8: Don’t Let Anyone Make Your Decisions 9 Rule #9: Don’t Ever Do Anything You Don’t Understand 9 Rule #10: Don’t Depend on Any One Investment, Institution, or Person for Your Safety 10 Rule #11: Create a Bulletproof Portfolio for Protection 11 Rule #12: Speculate Only with Money You Can Afford to Lose 11 Rule #13: Keep Some Assets Outside the Country in which You Live 11 Rule #14: Beware of Tax-Avoidance Schemes 11 Rule #15: Enjoy Yourself with a Budget for Pleasure 12 Rule #16: Whenever You’re in Doubt about a Course of Action, It’s Always Better to Err on the Side of Safety 12 Investing and the Rules of Life 12 Recap 13 Chapter 3 Permanent Portfolio Performance 15 Growth, No Large Losses, and Real Returns: The Holy Trinity 16 Only Real Returns Matter 24 Looking at Total Performance Over Time 26 Recap 30 Chapter 4 Simple, Safe, and Stable 33 Simplicity 33 Safety 34 Stability 35 Making the Most of Your Investments 36 Expect the Unexpected 44 Recap 46 Chapter 5 Investing Based on Economic Conditions 47 When Diversification Fails 48 A Different Way to Diversify 55 Four Economic Conditions 57 Four Economic Conditions þ Four Assets ¼ Strong Diversification 60 How the Portfolio Works with Economic Conditions 62 Recap 64 Chapter 6 Stocks 65 Benefits of Stocks 65 Risks of Stocks 66 Volatility 67 Owning Stocks 68 Recommended Stock Index Funds 69 Which Type of Index Fund to Use? 70 Why Use an Index Fund? 70 Avoid Actively Managed Stock Funds 74 Indexing is a Marathon 78 Beware of Trading Costs 79 Large-Cap and Small-Cap Stocks 80 International Stock Funds 81 A Warning About Company Stock 84 No Index Funds—What to Do? 85 Recap 85 Chapter 7 Bonds 87 Benefits of Bonds 87 Risks of Bonds 89 Volatility 90 Bonds and Deflation 92 Owning Bonds 93 Bonds to Buy 94 Buying Bonds 94 Other Bond Risks—The Case for Treasury Bonds 98 Bonds to Avoid 103 Flight to Safety 108 Earning Money Multiple Ways 111 Bond Risk Matrix 112 Bond Funds and Retirement Plans 114 Recap 114 Chapter 8 Cash 117 Benefits of Cash 117 Risks of Cash 120 Volatility 121 Owning Cash 123 Cash Risks—The Case for Treasury Bills 128 Cash to Avoid 132 Cash Risk Matrix 140 Cash and Retirement Plans 140 Recap 141 Chapter 9 Gold 143 Benefits of Gold 144 Risks of Gold 145 Volatility 147 Causes of Inflation 148 Gold Protects During Extreme Events 149 No Interest, No Dividends, No Problem 152 Why Do Central Banks Hold So Much Gold? 153 Owning Gold 153 Buying Gold 154 Buying and Storing Gold at a Bank 157 Gold Funds 158 Assets to Avoid 163 Limit Gold Bullion Sales Taxes 171 Other Considerations 171 Recap 173 Chapter 10 Implementing the Permanent Portfolio 175 Key Concepts 175 Four Levels of Protection 177 Level 1—Basic—All Funds 179 Level 2—Good—Funds, Bonds, and Gold 182 Level 3—Better—Funds, Bonds, and Gold 185 Level 4—Best—Funds, Bonds, Gold, and Geographic Diversification 187 All In, or Wait? 190 Other Portfolio Ideas 192 Final Considerations 193 Recap 194 Chapter 11 Portfolio Rebalancing and Maintenance 195 Two Primary Purposes of Rebalancing 197 Rebalancing Maintains Firewalls 199 How to Rebalance: Rebalancing Bands 201 Withdrawals and Rebalancing 203 Timing Can Influence Rebalancing 203 Adding New Money to the Portfolio 204 Allocating Dividends 204 Different Approaches to Rebalancing 205 Emotional Aspects of Rebalancing 206 Rebalancing and Taxable Accounts 207 Recap 208 Chapter 12 Implementing the Permanent Portfolio Internationally 209 The World is Not Flat 209 Applying the Same Principles Across Countries 212 Various Country Options 214 Canada 215 Europe 218 United Kingdom 222 Australia 223 Asia, Middle East, and the Rest of the World 225 Developing Country Investing 226 Recap 228 Chapter 13 Taxes and Investing 229 Simplicity is Often the Best Tax Strategy 229 Tax-Free Savings Vehicles 231 Types of Taxable Events 231 Ordering of Assets and Tax Planning 233 Retirement Accounts and the Permanent Portfolio 238 Individual Retirement Accounts 241 Pensions, Social Security, and Other Plans 243 Tax-Loss Harvesting 243 Final Thoughts on Taxes 245 Recap 246 Chapter 14 Institutional Diversification 247 What is Institutional Diversification? 247 Why Institutional Diversification? 248 Identity Theft 251 Natural Disasters 252 Terrorism 252 Cyber Attack 252 How to Divide Your Money 253 Recap 254 Chapter 15 Geographic Diversification 257 Then and Now 257 What is Geographic Diversification? 257 What Assets Should Be Kept in a Foreign Account? 258 Why Geographic Diversification? 258 Geographic Diversification and a Warning for U.S. Citizens 262 Even Politicians Do It 264 The Reality Risk Spectrum 265 Types of Geographic Diversification 267 Overseas Gold Storage Options 270 New Zealand 270 Australia 273 United States 276 Switzerland 278 Intermediaries for U.S. Citizens 283 Swiss Gold Storage Services for U.S. and Non-U.S. Citizens 285 Safe Deposit Boxes 287 Geographic Diversification Matrix 289 Disclosing Accounts—U.S. Citizens 290 Emergency Options 292 Other Options 293 Recap 293 Chapter 16 The Variable Portfolio 295 Why a Variable Portfolio? 296 Three Rules for the Variable Portfolio 296 Modifying the Permanent Portfolio 299 Can You Really Ever Beat the Market? 299 Recap 300 Chapter 17 Permanent Portfolio Funds 303 The Permanent Portfolio Fund 303 Global X Permanent ETF 307 Recap 309 Chapter 18 Conclusion 311 Recommended Resources 313 About the Authors 317 Index 319
£27.00
John Wiley & Sons Inc Mergers Acquisitions Integration Handbook
Book SynopsisProven strategies and tactics to manage the integration of acquired and/or merged companies Mergers & Acquisitions Integration Handbook is a comprehensive resource to help companies create a scalable post merger or acquisition integration process and framework that accelerates operating and business benefit goal realization.Table of ContentsAcknowledgments xi Chapter 1 Introduction 1 Who Should Use This Book? 1 How This Book is Set Up 2 Chapter Summaries 2 A Word to the Wise 4 Chapter 2 Mergers and Acquisitions 101 and Assessing Integration Complexity and Risk 7 Mergers and Acquisitions 101 7 Determining Post-Acquisition Integration Scope 8 Assessing Integration Complexity and Risk 11 Summary 18 Chapter 3 Making the Business Case for Integration 19 How to Improve Performance 19 The Most Complex Areas 21 Making the Business Case for Integration Support 23 The Challenges of Integration 24 Integration Success Factors 29 Summary 30 Chapter 4 An Introduction to Integration Planning 31 Integration Activities 32 Integration Timing 32 Integration and Business Planning 33 Integration Support 35 Summary 37 Chapter 5 The Pre-Planning Phase 39 Key Activities 39 Reviewing the Planning Documents 40 Assessing Potential Challenge Areas 42 Summary 45 Chapter 6 The Importance of Due Diligence 47 Due Diligence Documents Lists 48 A Few Words about IT Due Diligence 59 Summary 60 Chapter 7 Establishing an Integration Management Office 61 Setting Up an IMO 63 Determining Functional Resource Commitments 66 Dedicated versus Matrixed Resources 68 Setting Up an Integration Project Charter 69 Setting Up an Integration Governance Structure 72 Summary 73 Chapter 8 Executing Your Integration Plan 75 Functional Work-Plan Elements 76 Integration Work Streams 77 Functional Work-Plan Quality 79 Functions Requiring Extra Attention 82 Summary 85 Chapter 9 Planning Your Integration’s End State 87 How to Know When an Integration is Finished 88 The Typical Process: Roles, Responsibilities, Tracking, and Finishing Well 88 Summary 93 Chapter 10 Effective Communication Planning 95 Communication Planning Objectives 95 Guiding Principles for an Effective Communication Plan 96 Establishing a Communication Matrix 97 A Proper Communication Process 101 Summary 105 Chapter 11 Cultural Integration and Assessment 107 Managing Cultural Integration Activities 107 Culture and Change Management 112 Summary 114 Chapter 12 The Talent Assessment Process 115 Talent Assessment Guiding Principles 115 Talent Assessment Objectives 116 Evaluation Tools for Assessing Talent 117 Retention and Separation Guidelines and Policies 118 Dependencies for Talent Assessment and Retention and Separation Activities 123 Things to Avoid 125 Summary 126 Chapter 13 Synergy Program Management 127 Effectively Managing Synergies 128 The IMO’s Role in Managing a Synergy Program 129 A Typical Synergy Plan 130 Best Practices 137 Summary 138 Chapter 14 Information Technology Integration 139 IT’s Role within an Integration 140 Day One Planning 144 The Three Risks 146 Summary 147 Chapter 15 Integration Feedback: Lessons Learned 149 Goals and Tools of Lessons Learned 149 Getting Feedback and Making Adjustments 150 Collecting Post-Integration Feedback 151 Additional Tips 153 Summary 156 Chapter 16 Creating an Integration Playbook 157 Playbook Contents 157 Playbook Elements 159 How the Elements Work Together 161 Applying the Playbook 162 Summary 162 About the Author 163 About the Website 165 Index 167
£59.25
John Wiley & Sons Inc The International Living Guide to Retiring
Book SynopsisAchieve your dream of retiring abroad while on a budget The International Living Guide to Retiring Overseas on a Budget provides a detailed guide to one of the least-known but most effective retirement strategies in today''s chaotic economic environment: retiring abroad. The premise is simple: Enjoy a happier, healthier, more fulfilling retirement than you could possibly afford in the U.S. or Canada by finding the right overseas retirement haven. The book reveals those affordable havens and the strategies for successfully making the move that could save your retirement. Aimed at retirees and near-retirees in the U.S. and Canada, this book''s strategies apply just as well to younger people and people with families who are looking for ways to improve their quality of life while at the same time lowering their cost of living. It includes solutions for the challenges of continuing to work and earn money abroad, too. As long-time contributors to the acknowledged leaTable of Contentsforeword ix Bill Bonner Introduction xi What if you could retire better, more affordably,and even earlier than you expected? Part one Contemplating an Exciting Move1 Chapter 1 Can You Afford to Retire Where You Live? 3 Chapter 2 Can You Really Live (Well) Overseason $25,000 a Year?15 Chapter 3 What’s Your Deal Breaker?23 Chapter 4 The Most Common (and Avoidable) Mistakes Expats Make 33 Chapter 5 Health Care: Myth versus Reality 39 Chapter 6 The Challenges of Language and Culture 53 Part Two Making the Move: It’s a Big World Where Should YOU Go? 61 Chapter 7 Belize: No Shirt, No Shoes, No Problem(and It’s All in English!) 63 Chapter 8 Costa Rica:Your Easiest Choice 73 Chapter 9 Ecuador: Something for Everyone 87 Chapter 10 Mexico: The Top Foreign Destination for U.S. and Canadian Retirees103 Chapter 11 Nicaragua: Ready for Prime Time117 Chapter 12 Panama: The World’s Best Retirement Program(and Much More)131 Chapter 13 Uruguay: More First World Than the United States? 145 Chapter 14 Europe: All the Ingredients for the Good Life157 Chapter 15 Southeast Asia: Exotic and Affordable175 Chapter 16 Boots on the Ground: Zeroing In on the Community That’s Right for You 189 Chapter 17 You Found Your Paradise. Now What?: Should You Rent or Buy? And How to Know When Halfway Isn’t the Wrong Way 199 Chapter 18 Once You Know Where You’re Going: Put Your Plan in Action 207 Part Three Once You Get There: Adjusting to Your New Life 217 Chapter 19 Changes in Latitudes, Changes in Attitude: Maintaining the Bridge between Your Past and Present Lives 219 Chapter 20 When the Hammock Gets Boring: What to Do after You Retire and Move Overseas 227 Chapter 21 Moving On: This Is Not a One-Way Highway 239 Epilogue If We Knew Then What We Know Now 245 Index 251
£16.14
John Wiley & Sons Inc The Financial Controller and CFOs Toolkit
Book SynopsisSimplify and streamline your way to a winning legacy Winning CFOs is a hybrid handbook and toolkit with over 100 lean practice solutions and a wealth of practical tools for senior financial managers of small, midsized and large companies.Table of ContentsAbout the Author ix Testimonials xi Introduction xiii Acknowledgments xxi Part I: Change—Why the Need and How to Lead Chapter 1: Getting Your Finance Team Future Ready 3 Chapter 2: Leading and Selling the Change 17 Part II: To Be Completed Before the Next Month-End Chapter 3: Rapid Month-End Reporting: By Working Day Three or Less 29 Part III: Technologies to Adopt Chapter 4: Future-Ready Technologies 49 Part IV: Progress You Need to Make Within the Next Six Months Chapter 5: Reduce Accounts Payable Volumes by 60 Percent 77 Chapter 6: Month-End Reporting Refinements 91 Chapter 7: Lean Reporting—Informatively and Error Free 101 Chapter 8: Lean Board Reporting 135 Chapter 9: A Lean Annual Planning Process—Ten Working Days or Less! 149 Chapter 10: Lean and Smarter Work Methods 177 Chapter 11: Effective Leadership, Growing and Retaining Talent 199 Chapter 12: Quick Annual Reporting: Within 15 Working Days Post Year-End 225 Chapter 13: Managing Your Accounts Receivable 245 Chapter 14: Attracting and Recruiting Talent 249 Chapter 15: Lean Accounting 265 Part V: How Finance Teams Can Help Their Organizations Get Future Ready Chapter 16: Implementing Quarterly Rolling Forecasting and Planning 281 Chapter 17: Finding Your Organization’s Operational Critical Success Factors 315 Chapter 18: Getting Your KPIs to Work 327 Chapter 19: Reporting Performance Measures 351 Part VI: Areas Where Costly Mistakes Can Be Made Chapter 20: Performance Bonus Schemes 371 Chapter 21: Takeovers and Mergers 387 Chapter 22: The Hidden Costs of Reorganizations and Downsizing 399 Appendix A: Useful Letters and Memos 409 Appendix B: Rules for a Bulletproof Presentation 419 Appendix C: Satisfaction Survey for a Finance Team 427 Index 435
£31.50
John Wiley & Sons Inc The Index Revolution
Book SynopsisThe evidence-based approach to a more worthwhile portfolio The Index Revolution argues that active investing is a loser''s game, and that a passive approach is more profitable in today''s market. By adjusting your portfolio asset weights to match a performance index, you consistently earn higher rates of returns and come out on top in the long run. This book explains why, and describes how individual investors can take advantage of indexing to make their portfolio stronger and more profitable. By indexing investment operations at a very low cost, and trusting that active professionals have set securities prices as correctly as possible, you will achieve better long-term results than those who look down on passive approaches while following outdated advice that no longer works. Beating the market is much harder than it used to be, and investors who continue to approach the market with that mindset populate the rolls of market losers time and time again. This book expTrade Review"...one of the best investment books I have ever read and is likely to be influential." (All About DC, March 2017)Table of ContentsForeword vii Introduction xvii Acknowledgments xxxvii Part One Over 50 Years of Learning to Index 1 1 My Half-Century Odyssey 3 Part Two The 10 Good Reasons to Index 73 2 The Stock Markets of the World Have Changed Extraordinarily 75 3 Indexing Outperforms Active Investing 83 4 Low Fees Are an Important Reason to Index 97 5 Indexing Makes It Much Easier to Focus on Your Most Important Investment Decisions 125 6 Your Taxes Are Lower When You Index 147 7 Indexing Saves Operational Costs 151 8 Indexing Makes Most Investment Risks Easier to Live With 153 9 Indexing Avoids “Manager Risk” 157 10 Indexing Helps You Avoid Costly Troubles with Mr. Market 161 11 You Have Much Better Things to Do with Your Time 169 12 Experts Agree Most Investors Should Index 171 Appendix A: How About “Smart Beta”? 177 Appendix B: How to Get Started with Indexing 185 Appendix C: How Index Funds Are Managed 193 About the Author 197 Index 199
£16.14
McGraw-Hill Education Make Your Kids Millionaires The StepbyStep Guide
Book SynopsisA Wall Street Journal BestsellerVastly improve your childâs potential for becoming a millionaire by building their financial foundation and literacyâstarting at infancyNational bestselling author Loral Langemeier and coauthor Kyle Boeckman have been proving for years that itâs possible to raise kids who are smart about moneyâand that ultimate success is practically guaranteed if itâs done thoughtfully and consistently.Make Your Kids Millionaires lays out the authorsâ winning approach in an engaging and hands-on way.Youâll learn how to foster in your children a foundation of financial curiosity and create a family culture where everyone is comfortable with the topic of money. Packed with activities, exercises, and guided conversations tailored to specific age brackets from birth to 18+, this unique resource is organized into two parts: Part One helps you build this financial knowledge you need to teach your kids the basics;
£16.14
John Wiley & Sons Inc The Elements of Investing
Book SynopsisTable of ContentsPreface to Anniversary Edition xi Foreword to Original Edition xv Foreword to the Anniversary Edition xix Introduction xxi It All Starts with Saving 1 I. Save 3 First Do No Harm 5 Start Saving Early: Time is Money 6 The Amazing Rule of 72 7 Savvy Savings 11 Small Savings Tips 14 Big Ways to Save 15 Let the Government Help You Save 17 Own Your Home 18 How Do I Catch Up? 19 II. Index 23 Nobody Knows More Than the Market 24 The Index Fund Solution 27 Don’t Some Beat the Market? 29 Index Bonds 33 Index Internationally 34 Index Funds Have Big Advantages 36 One Warning 37 Confession 39 III. Diversify 41 Diversify Across Asset Classes 43 Diversify Across Markets 46 Diversify Over Time 47 Rebalance 51 IV. Avoid Blunders 57 Overconfidence 59 Beware of Mr. Market 61 The Penalty of Timing 65 More Mistakes 66 Minimize Costs 67 V. Keep It Simple 71 Review of Basic Rules 72 Asset Allocation 79 Asset Allocation Ranges 81 Investing in Retirement 85 Getting Specific 86 VI. Timeless Lessons for Troubled Times 95 Volatility and Dollar-Cost Averaging 97 Diversification is Still a Time-Honored Strategy to Reduce Risk 99 Rebalancing 101 Diversification and Rebalancing Together 103 Index at Least the Core of Your Portfolio 104 Fine-Tuning a Bond Diversification Strategy 107 A Final Thought 111 A Super Simple Summary: KISS Investing 113 Appendix: Save on Taxes Legally 115 Individual Retirement Accounts (IRAs) 115 Roth IRAs 117 Pension Plans 118 Tax-Advantaged Saving for Education 120 Recommended Reading 123 Acknowledgments 125 About the Authors 127 Index 129
£13.60
John Wiley & Sons Coming into View How AI and Rising Debt Will Res
Book Synopsis
£17.60
John Wiley & Sons Investments Analysis and Management 15th Edition
Book Synopsis
£132.26
John Wiley & Sons Inc RedBlooded Risk
Book SynopsisAn innovative guide that identifies what distinguishes the best financial risk takers from the rest From 1987 to 1992, a small group of Wall Street quants invented an entirely new way of managing risk to maximize success: risk management for risk-takers. This is the secret that lets tiny quantitative edges create hedge fund billionaires, and defines the powerful modern global derivatives economy. The same practical techniques are still used today by risk-takers in finance as well as many other fields. Red-Blooded Risk examines this approach and offers valuable advice for the calculated risk-takers who need precise quantitative guidance that will help separate them from the rest of the pack. While most commentators say that the last financial crisis proved it''s time to follow risk-minimizing techniques, they''re wrong. The only way to succeed at anything is to manage true risk, which includes the chance of loss. Red-Blooded Risk presents specific, actionTrade Review"Wickedly original, one of the most fascinating accounts I have ever seen. A rollicking and highly opinionated read." (Risk Professional, October 2011) “No one who reads Red-Blooded Risk: The Secret History of Wall Street will ever again regard risk management as a necessary but unproductive appendage of the financial industry. Other authors have chronicled how quantitative finance influenced investment management, but Aaron Brown has made a compelling case for a far more profound economic impact. . . If Red-Blooded Risk: The Secret History of Wall Street dealt with nothing more than the inadequacy of models used in highly important activities, it would represent a valuable contribution to financial economics. Brown’s book, however, covers a great deal more than econometric malpractice. Probably no other book offers as much insight into the process with so little resort to mathematical notation. Especially valuable are Brown’s discussions of middle-office risk management and value at risk, comparatively recent innovations that are essential to understanding modern financial institutions. Readers of Red-Blooded Risk should be prepared to have many of their assumptions challenged. Red-Blooded Risk is one of the most original and thought-provoking books reviewed in these pages in the past 20 years. No one who reads it will ever again regard risk management as a necessary but unproductive appendage of the financial industry. Other authors have chronicled how quantitative finance influenced investment management, but Aaron Brown has made a compelling case for a far more profound economic impact.” —Martin S. Fridson, CFA Institute Publications Book Reviews “Red-Blooded Risk mixes risk history and philosophy nimbly and provides a perspective that can be both refreshing and challenging (often on the same page). While the book is not without weaknesses, it is also brimming with original perspectives and controversial opinions. Those who work in risk management or quantitative finance will enjoy Brown’s story-telling and expert perspectives, even if they do not share his views, while non-quants will find his insights and confessions to be a useful glimpse into the psyche and ethos of an influential group of early quantitative risk takers. —Roger M. Stein, Research and Academic Relations, Moody’s Corporation, as reviewed in Quantitative Finance (August 6, 2012)Table of ContentsAcknowledgments xi Chapter 1 What This Book Is and Why You Should Read It 1 Risk, Danger, and Opportunity 2 Red- Blooded Risk Management 4 Risk and Life 7 Play and Money 9 Frequentism 11 Rationality 13 Bets 15 Exponentials and Culture 18 Payoff 20 Chapter 2 Red Blood and Blue Blood 23 Chapter 3 Pascal’s Wager and the Seven Principles of Risk Management 29 Principle I: Risk Duality 32 Principle II: Valuable Boundary 33 Principle III: Risk Ignition 35 Principle IV: Money 38 Outside the VaR Boundary 40 Principle V: Evolution 45 Principle VI: Superposition 48 Principle VII: Game Theory 49 Chapter 4 The Secret History of Wall Street: 1654– 1982 57 Pascal and Fermat 58 Poker 61 Advantage Gamblers 62 Sports Betting 63 Quants to Wall Street 66 Finance People 68 Real Finance 69 Chapter 5 When Harry Met Kelly 73 Kelly 74 Harry 76 Commodity Futures 79 If Harry Knew Kelly 84 Investment Growth Theory 88 eRaider.com 92 MPT Out in the World 96 Chapter 6 Exponentials, Vampires, Zombies, and Tulips 101 Types of Growth 102 The Negative Side 105 Tulips 106 Tulip Propaganda 108 Quantitative Tulip Modeling 111 Money 112 Chapter 7 Money 117 Chapter 8 The Story of Money: The Past 125 Property, Exchange, and Money 126 Paleonomics 128 Transition 131 What Money Does 134 Risk 135 Government and Paper 138 Paper versus Metal 142 1776 and All That 145 Andrew Dexter 147 A Short Digression into Politics and Religion 150 Chapter 9 The Secret History of Wall Street: 1983– 1987 155 Efficient Markets 157 Anomalies 159 The Price Is Right Not! 161 Efficiency versus Equilibrium 162 Beating the Market 165 Paths 170 Sharpe Ratios and Wealth 174 1987 177 Chapter 10 The Story of Money: The Future 179 Farmers and Millers 180 Money, New and Improved 183 A General Theory of Money 185 Value and Money 189 Numeraire 191 Clearinghouses 196 Cash 197 Derivative Money 200 The End of Paper 203 Chapter 11 Cold Blood 207 Chapter 12 What Does a Risk Manager Do?—Inside VaR 213 Professional Standards 213 Front Office 215 Trading Risk 217 Quants on the Job 218 Middle Office 222 Back Office 225 Middle Office Again 227 Looking Backward 228 Risk Control 230 Beyond Profit and Loss 232 Numbers 234 The Banks of the Charles 236 Waste 238 The Banks of the Potomac 241 The Summer of My Discontent 245 Validation 247 Chapter 13 VaR of the Jungle 251 Chapter 14 The Secret History of Wall Street: 1988– 1992 255 Smile 256 Back to the Dissertation 258 Three Paths 262 An Unexpected Twist 265 Surprise! 267 Computing VaR 271 Chapter 15 Hot Blood and Thin Blood 277 Chapter 16 What Does a Risk Manager Do?— Outside VaR 283 Stress Tests 283 Trans-VaR Scenarios 287 Black Holes 289 Why Risk Managers Failed to Prevent the Financial Crisis 290 Managing Risk 296 Unspeakable Truth Number One: Risk Managers Should Make Sure Firms Fail 299 Unspeakable Truth Number Two: There’s Good Stuff beyond the VaR Limit 305 Unspeakable Truth Number Three: Risk Managers Create Risk 309 Chapter 17 The Story of Risk 313 Chapter 18 Frequency versus Degree of Belief 323 Statistical Games 324 Thorp, Black, Scholes, and Merton 329 Change of Numeraire 333 Polling 336 The Quant Revolution 341 Chapter 19 The Secret History of Wall Street: 1993– 2007 345 Where Did the Money Come From? 348 Where Did They Put the Money? 359 Where Did the Money Go? 364 Chapter 20 The Secret History of Wall Street: The 2007 Crisis and Beyond 369 Postmortem 379 A Risk Management Curriculum 387 One Hundred Useful Books 393 About the Author 401 About the Illustrator 403 Index 405
£23.80
John Wiley & Sons Inc The New Trading for a Living Psychology
Book SynopsisThe best-selling trading book of all time updated for the new era The New Trading for a Living updates a modern classic, popular worldwide among both private and institutional traders.Table of ContentsPreface xiii Introduction 1 1. Trading—The Last Frontier 1 2. Psychology is the Key 3 3. The Odds against You 5 One Individual Psychology 9 4. Why Trade? 9 5. Reality versus Fantasy 10 6. Self-Destructiveness 16 7. Trading Psychology 19 8. Trading Lessons from AA 21 9. Losers Anonymous 23 10. Winners and Losers 27 Two Mass Psychology 31 11. What is Price? 32 12. What is the Market? 33 13. The Trading Scene 36 14. The Market Crowd and You 39 15. Psychology of Trends 43 16. Managing versus Forecasting 46 Three Classical Chart Analysis 49 17. Charting 50 18. Support and Resistance 55 19. Trends and Trading Ranges 60 20. Kangaroo Tails 65 Four Computerized Technical Analysis 69 21. Computers in Trading 69 22. Moving Averages 74 23. Moving Average Convergence-Divergence: MACD Lines and MACD-Histogram 80 24. The Directional System 89 25. Oscillators 95 26. Stochastic 95 27. Relative Strength Index 99 Five Volume and Time 103 28. Volume 103 29. Volume-Based Indicators 107 30. Force Index 112 31. Open Interest 117 32. Time 121 33. Trading Timeframes 126 Six General Market Indicators 133 34. The New High–New Low Index 133 35. Stocks above 50-Day MA 139 36. Other Stock Market Indicators 140 37. Consensus and Commitment Indicators 142 Seven Trading Systems 149 38. System Testing, Paper Trading, and the Three Key Demands for Every Trade 151 39. Triple Screen Trading System 154 40. The Impulse System 162 41. Channel Trading Systems 166 Eight Trading Vehicles 173 42. Stocks 175 43. ETFs 176 44. Options 178 45. CFDs 186 46. Futures 187 47. Forex 194 Nine Risk Management 197 48. Emotions and Probabilities 197 49. The Two Main Rules of Risk Control 202 50. The Two Percent Rule 203 51. The Six Percent Rule 208 52. A Comeback from a Drawdown 210 Ten Practical Details 215 53. How to Set Profit Targets: “Enough” is the Power Word 215 54. How to Set Stops: Say No to Wishful Thinking 219 55. Is This an A-trade? 225 56. Scanning for Possible Trades 230 Eleven Good Record-Keeping 233 57. Your Daily Homework 234 58. Creating and Scoring Trade Plans 238 59. Trade Journal 243 A Journey without an End: How to Continue Learning 249 Sources 253 Acknowledgments 257 About the Author 259 Index 261
£47.96
Bloomberg Press Visual Guide to Elliott Wave Trading
Book Synopsis
£37.50
John Wiley & Sons Rethinking Investing
Book Synopsis
£12.60
John Wiley & Sons Inc Handbook of Corporate Equity Derivatives and
Book SynopsisEquity strategies are closely guarded secrets and as such, there is very little written about how investors and corporate can utilise equity vehicles as part of their growth strategies.Table of ContentsPreface xvii About the Author xix 1 Main Strategic Equity Derivative Instruments 1 1.1 Equity Forwards 1 1.1.1 Equity Forwards 1 1.1.2 Example of a Cash-settled Equity Forward on a Stock 2 1.1.3 Example of a Physically Settled Equity Forward on a Stock 3 1.1.4 Calculating the Forward Price of a Stock 4 1.2 Equity Swaps 6 1.2.1 Total Return Equity Swaps 6 1.2.2 Price Return Equity Swaps 7 1.2.3 Case Study: Physically Settled Total Return Equity Swap on Deutsche Telekom 7 1.2.4 Case Study: Cash-settled Total Return Equity Swap on Deutsche Telekom 12 1.2.5 Determination of the Initial Price 15 1.2.6 Determination of the Settlement Price 16 1.2.7 Equity Notional Resets 17 1.2.8 Case Study: Total Return Equity Swap on EuroStoxx 50 17 1.2.9 Compo Equity Swaps 21 1.2.10 Quanto Equity Swaps 23 1.2.11 Uses of Equity Swaps 25 1.3 Stock Lending and Borrowing 26 1.3.1 Stock Lending and Borrowing 26 1.3.2 Stock Lending/Borrowing Transaction Flows 27 1.3.3 Counterparty Credit Risk 28 1.3.4 Advantages of Stock Lending and Borrowing 29 1.3.5 Drawbacks of Stock Lending and Borrowing 29 1.4 Call and Put Options 30 1.4.1 Call Options 30 1.4.2 Put Options 33 1.4.3 European vs. American Style 36 1.4.4 Time Value vs. Intrinsic Value 36 1.4.5 In, At or Out-of-the-money 37 1.4.6 Variables that Influence an Option Price 38 1.4.7 Historical Volatility vs. Implied Volatility 40 1.4.8 Put–Call Parity 41 1.4.9 Options’ Sensitivities, the “Greeks” 42 1.4.10 Delta Hedging 44 1.4.11 Offsetting Dividend Risk 45 1.4.12 Adjustments to Option Terms Due to Other Corporate Actions 46 1.4.13 Volatility Smile 47 1.4.14 Implied Volatility Term Structure 48 1.4.15 Composite and Quanto Options 49 1.5 Dividend Swaps 50 1.5.1 Dividend Swaps 50 1.5.2 Applications of Dividend Swaps 50 1.5.3 Risks 52 1.5.4 Main Dates in a Dividend Distribution 52 1.5.5 Case Study: Single-stock Dividend Swap 52 1.5.6 Case Study: Index Dividend Swap 56 1.5.7 Pricing Implied Dividends 58 1.6 Variance Swaps and Volatility Swaps 58 1.6.1 Variance Swaps Product Description 59 1.6.2 Calculation of the Realized Volatility and the Realized Variance 61 1.6.3 Volatility Swaps Product Description 62 1.6.4 Volatility Swaps vs. Variance Swaps 63 1.6.5 Applications of Variance and Volatility Swaps 63 2 Equity Capital Markets Products 65 2.1 Main Equity Capital Markets Products 65 2.1.1 Capital Increase Products 65 2.1.2 Secondary Placement Products 66 2.1.3 Equity-linked Products 66 2.2 Initial Public Offerings 66 2.2.1 Product Description 66 2.2.2 Benefits of Going Public 67 2.2.3 Drawbacks of Going Public 67 2.2.4 The IPO Process 68 2.2.5 Phase 1: Preparation of the Company 68 2.2.6 Phase 2: Preparation of the Offering 69 2.2.7 Phase 3: Marketing of the Offering 75 2.2.8 Phase 4: Placement of the Offering 77 2.2.9 Key Success Factors Affecting an IPO 80 2.2.10 Key Risk Factors Affecting an IPO 81 2.2.11 Case Study: Visa’s IPO 82 2.3 Case Study: Google’s Dutch Auction IPO 85 2.4 Rights Issues (or Rights Offerings) 87 2.4.1 Product Description 87 2.4.2 Main Definitions of a Rights Issue 88 2.4.3 Advantages and Weaknesses of a Rights Issue 89 2.4.4 Rights Offerings Success Factors 90 2.4.5 Calculation of the TERP 90 2.4.6 Case Study: ING’s EUR 7.5 billion Rights Issue 91 2.5 Rights Issues of Convertible Bonds 95 2.5.1 Case Study: Banco Popolare Rights Issue of a Convertible Bond 95 2.6 Accelerated Book-Buildings 98 2.6.1 Product Description 98 2.6.2 Advantages and Weaknesses of an ABB 99 2.6.3 Estimating the Discount 99 2.6.4 Case Study: IPIC’s Disposal of 11.8% of Barclays 100 2.7 At the Market Offerings 100 2.7.1 Product Description 100 2.7.2 Case Study: US Treasury Placement of Citigroup Shares 101 3 Convertible Bonds and Mandatory Convertible Bonds 103 3.1 Introduction to Convertible Bonds 103 3.1.1 What are Convertible Bonds? 103 3.1.2 Convertible vs. Exchangeable Bonds – Exchange Property 104 3.2 Who Buys Convertible Bonds? 105 3.3 Convertible Bonds: The Issuer Perspective 106 3.4 Case Study: Infineon’s Convertible Bond 107 3.4.1 Main Terms of Infineon’s Convertible Bond 107 3.4.2 Conversion Price, Ratio, Premium and Lockout Period 108 3.4.3 Hard No Call Period, Hard Call and Soft Call Options 109 3.4.4 Put Rights 110 3.4.5 Additional Clauses: Cash Option, Cash Top-up, Lock-up Period, Tax Call 111 3.4.6 Value of a Convertible Bond at Maturity 112 3.4.7 Value of a Convertible Bond during its Life 112 3.5 Delta Share Repurchase Strategy 114 3.6 Mandatory Convertible Bonds 115 3.7 Rationale for Issuing Mandatory Convertibles 115 3.8 Rationale for Investing in Mandatory Convertibles 116 3.9 Fixed Parity Mandatory Convertibles 116 3.9.1 Case Study: Banco Santander’s Fixed Parity Mandatory Convertible 116 3.10 Variable Parity Mandatory Convertibles 118 3.11 Dividend Enhanced Convertible Securities 118 3.11.1 Conversion Mechanics of a DECS 118 3.11.2 Anatomy of a DECS 120 3.11.3 Embedded Derivatives in a DECS 121 3.11.4 Pricing a DECS 122 3.12 Case Study: UBS’s DECS 122 3.13 Special Clauses in Convertibles 124 3.13.1 Dividend Protection Clauses 124 3.13.2 Coupon Deferral Clauses 125 3.13.3 Call Option Make-whole Clauses 126 3.13.4 Change-of-control Make-whole Clauses 126 3.13.5 Clean-up Call Clauses 127 3.13.6 Net Share Settlement Clauses 127 3.14 Contingent Convertibles: FRESHES, CASHES and ECNS 127 3.14.1 Case Study: Fortis’s FRESH Instrument 128 3.14.2 Case Study: Unicredit’s CASHES Instrument 131 3.14.3 Case Study: Lloyds ECN 136 3.14.4 Case Study: Rabobank’s SCN 139 4 Strategic Equity Transactions around Convertible/Exchangeable Bonds 141 4.1 Issuing an Exchangeable with a Third-party Guarantee 141 4.1.1 Case Study: Controlinveste’s Exchangeable Bonds on Portugal Telecom 141 4.1.2 Transaction Overview 142 4.1.3 Dividend Swap and Transaction Flows during the First Four Years 143 4.1.4 Transaction Flows in Case of Exchanges or at Maturity 145 4.1.5 Exchange Property Pledge and other Security Mechanisms 146 4.1.6 Attractiveness of the Transaction to the Issuer and to BCP 147 4.2 Issuing a Convertible Through a Third Party 147 4.2.1 Case Study: Novartis LEPOs and Put Options with Deutsche Bank 147 4.2.2 Transaction Overview 147 4.2.3 Deutsche Bank’s Exposure to Novartis’s Stock Price 149 4.2.4 Effect of Deutsche Bank’s Zero-coupon Convertibles on the Exchange Price 151 4.2.5 Attractiveness of Deutsche Bank’s Zero-coupon Exchangeables to Investors 152 4.2.6 Advantages to Novartis and Relevance of a Call Right 152 4.3 Crystallizing a Gain in a Convertible Investment Through Warrants 153 4.3.1 Case Study: Richemont Warrants Issue on Back of Convertible Preference Shares 153 4.3.2 Warrants’ Terms 154 4.3.3 Analysis of R&R’s Position 154 4.3.4 Main Benefits to Richemont of the Warrants Issue 155 4.3.5 Effect on BAT’s Stock Price of the Warrants Issue 156 4.4 Monetizing a Stake with an Exchangeable Plus a Put 156 4.4.1 Case Study: Deutsche Bank’s Exchangeable into Brisa 156 4.4.2 Transaction Overview 157 4.4.3 Analysis of Deutsche Bank’s Overall Position 158 4.5 Increasing Likelihood of Conversion with a Call Spread 161 4.5.1 Case Study: Chartered Semiconductor’s Call Spread with Goldman Sachs 161 4.5.2 Goldman Sachs’s Overall Position 162 4.5.3 CSM’s Overall Position 163 4.5.4 Attractiveness of the Transaction to CSM 166 4.5.5 Additional Remarks 167 4.6 Decreasing Likelihood of Conversion with a Call Spread 169 4.6.1 Case Study: Microsoft’s Convertible Plus Call Spread 169 4.7 Double Issuance of Exchangeable Bonds 169 4.7.1 Case Study: ABC’s Double Exchangeable 169 4.8 Buying Back Conversion Rights 172 4.8.1 Case Study: Cap Gemini’s Repurchase of Conversion Right from Société Générale 172 4.9 Buying Back Convertible/Exchangeable Bonds 175 4.9.1 Case Study: TUI’s Convertible Bond 175 4.10 Pre-IPO Convertible Bonds 178 5 Hedging and Yield Enhancing Strategic Stakes 181 5.1 Hedging a Strategic Stake 181 5.1.1 Hedging with a Put Option 181 5.1.2 Hedging with a Put Spread 184 5.1.3 Hedging with a Collar 186 5.1.4 Hedging with a Put Spread Collar 188 5.1.5 Hedging with a Fly Put Spread 189 5.1.6 Hedging with a Knock-out Put 191 5.1.7 Summary of Main Hedging Strategies 193 5.1.8 Hedging with Ladder Puts 193 5.1.9 Hedging with Variable Premium and Variable Expiry Timer Puts 195 5.1.10 Hedging with Pay-later Puts 197 5.2 Yield Enhancement of a Strategic Stake 199 5.2.1 Lending the Stock 199 5.2.2 Selling Part of the Upside with a Call 200 5.2.3 Monetization of Dividend Optionality 202 5.2.4 Reduction of Dividend Withholding Taxes with a Stock Lending Strategy 204 5.2.5 Reduction of Dividend Withholding Taxes with a Converse Strategy 205 6 Disposal of Strategic Stakes 207 6.1 Most Common Disposal Strategies 207 6.1.1 Case Study Assumptions 207 6.1.2 Market Dribbling Out or Gradual Sale 208 6.2 Deterministic Disposal Strategies 209 6.2.1 ABB – Block Trade 209 6.2.2 Mandatory Exchangeable Bond 211 6.2.3 Indirect Issue of an Exchangeable Bond 211 6.3 Enhanced Disposal Strategies 212 6.3.1 Direct Issue of an Exchangeable Bond 213 6.3.2 Sale of a Call Option 214 6.3.3 One-speed Range Accrual 216 6.3.4 Double-speed Range Accrual 220 6.3.5 Double-speed Range Accrual with Final Call 221 6.3.6 Double-speed Range Accrual with Deduction 222 6.3.7 Double-speed Range Accrual with Knock-out 222 6.4 Derecognition Strategies 224 6.4.1 Sale + Cash-settled Equity Swap 224 6.4.2 Physically Settled Equity Swap + Call Option 227 6.5 Combination of ABB and a Call Option/Exchangeable 229 6.5.1 Case Study: Germany’s Disposal of Fraport with JP Morgan’s Collaboration 229 7 Strategic Equity Derivatives in Mergers and Acquisitions 235 7.1 Keeping Voting Rights in Proxy Contests 237 7.1.1 Case Study: Montalban Partners’ Disposal of Gold International 237 7.2 Submitting Resolutions to an AGM 239 7.2.1 Case Study: Laxey’s Stock Lending Transaction 240 7.3 Increasing Likelihood of Success of a Merger Arbitrage Position 242 7.3.1 Case Study: Perry’s Equity Swaps with Bear Stearns and Goldman Sachs 242 7.4 Avoiding Mandatory Offer Rules 247 7.4.1 Case Study: Agnelli Family Equity Swap with Merrill Lynch 247 7.5 Increasing Likelihood of Success of a Takeover 251 7.5.1 Case Study: Unipol’s Takeover of BNL and Call/Put Combination with Deutsche Bank 251 8 Stock Options Plans Hedging 257 8.1 Main Equity-based Compensation Plans 257 8.1.1 Main Equity-based Compensation Plans 257 8.1.2 Terminology of Stock Option Plans and SARs 258 8.2 IFRS Accounting for Equity-based Compensation Plans 259 8.2.1 Accounting for Stock Options Plans 261 8.2.2 Accounting for Stock Appreciation Rights 263 8.3 Case Study: ABC’s ESOP and SAR 265 8.3.1 Main Terms of ABC’s ESOP and SAR 265 8.3.2 Accounting for ABC’s ESOP 266 8.3.3 Accounting for ABC’s SAR 270 8.4 Main ESOP/SAR Hedging Strategies 273 8.4.1 Underlying Risks in ESOPs and SARs 273 8.4.2 Hedging with Treasury Shares 274 8.4.3 Hedging with Equity Swaps 275 8.4.4 Hedging a SAR with an Enhanced Equity Swap 279 8.4.5 Hedging with Standard Call Options 280 8.4.6 Hedging with Auto Call Options 282 8.4.7 Hedging with Timer Call Options 282 8.5 HSBC’s Performance Share Plan 283 8.5.1 Terms of HSBC’s Performance Share Plan 283 8.5.2 Accounting for the Plan 284 8.5.3 Hedging the Plan 285 9 Equity Financings 287 9.1 Case Study: Equity Collateralized Bond 287 9.1.1 Bond Terms 287 9.1.2 Main Documents of the Financing 288 9.1.3 Parties to an Equity Financing 289 9.1.4 Accounts in an Equity Financing 290 9.1.5 Credit Enhancement Tools 291 9.1.6 Early Termination Events 292 9.1.7 Events of Default 295 9.1.8 Syndicating the Equity Financing with a Credit Default Swap 297 9.1.9 Recourse vs. Non-recourse Equity Financings 299 9.2 Sale + Equity Swap 300 9.2.1 Transaction Description 300 9.2.2 Equity Swap Terms 300 9.2.3 Equity Swap Flows 305 9.2.4 Advantages and Weaknesses 307 9.3 Prepaid Forward + Equity Swap + Pledge 308 9.3.1 Product Description 308 9.3.2 Equity Derivatives Terms 308 9.3.3 Transaction Flows 314 9.3.4 Advantages and Weaknesses 316 9.4 Repo Financing 316 9.4.1 Product Description 316 9.5 Stock Loan Financing 317 9.5.1 Product Description 317 9.6 Put Financing 318 9.6.1 Product Description 318 9.6.2 Advantages and Weaknesses 319 9.7 Collared Financing 320 9.7.1 Product Description 320 9.7.2 Advantages and Weaknesses 321 9.8 Revolving Margin Loan Facilities 322 9.8.1 Case Study: Oil SPE’s Revolving Margin Loan Facility 322 10 Share Buybacks and Other Transactions on Treasury Shares 327 10.1 Open Market Repurchase Programs 327 10.2 Accelerated Repurchase Programs 329 10.2.1 Case Study: Hewlett Packard’s ASR with Merrill Lynch 329 10.3 VWAP-Linked Repurchase Programs 332 10.3.1 Execution on a Best Effort Basis 332 10.3.2 Execution on a Guaranteed Basis 333 10.3.3 Advantages and Weaknesses of a VWAP-linked Strategy 333 10.3.4 Execution at a Discounted VWAP 334 10.3.5 Execution at a Capped VWAP 337 10.4 Prepaid Collared Repurchase Programs 338 10.4.1 Case Study: Hewlett Packard’s PCRP with BNP Paribas 339 10.5 Deep-in-the-money Call Purchase 340 10.5.1 Case Study: ABC’s Acquisition of a Deep-in-the-money Call Option 341 10.6 Asian Call Purchase 343 10.7 Publicly Offered Repurchase Programs 345 10.7.1 Case Study: Corporacion Dermoestetica’s Public Offer to Acquire Own Shares 345 10.8 Public Offer of Put Options 346 10.8.1 Case Study: Swisscom’s Public Offer of Put Options 346 10.9 Private Sale of a Put Option 347 10.10 Acquisition of Shares with a Range Accrual 348 10.10.1 One-speed Range Accrual 348 10.10.2 Double-speed Range Accrual 352 10.10.3 Double-speed Range Accrual with Final Put 354 10.11 Other Transactions on Treasury Shares 355 10.11.1 Case Study: ABC’s Restructuring of Call on Own Shares 355 10.11.2 Case Study: Gilead’s Share Repurchase Program Financed with Convertible Bonds 361 11 Bank Regulatory Capital 365 11.1 An Overview of Basel III 365 11.1.1 Precedent Bank Regulatory Capital Accords 365 11.1.2 The Capital Ratio 366 11.1.3 Bank Regulatory Capital 367 11.1.4 Risk-weighted Assets 367 11.2 Tier 1 Capital 369 11.2.1 Common Equity Tier 1 Capital 369 11.2.2 Additional Tier 1 Capital 373 11.3 Tier 2 Capital 376 11.3.1 Criteria for Inclusion in Tier 2 Capital 376 11.3.2 Trigger Conditions for Hybrid Instruments 379 11.4 Deductions from Common Equity Tier 1 Capital 380 11.4.1 Goodwill and Other Intangible Assets (Except Mortgage Servicing Rights) 380 11.4.2 Deferred Tax Assets 380 11.4.3 Cash Flow Hedge Reserve 382 11.4.4 Shortfall of the Stock of Provisions to Expected Losses 383 11.4.5 Gain-on-sale Related to Securitization Transactions 383 11.4.6 Gains and Losses on Fair Valued Own Liabilities due to Changes in Own Credit Risk 383 11.4.7 Defined Benefit Pension Fund Assets and Liabilities 383 11.4.8 Treasury Stock 385 11.4.9 Reciprocal Stakes in Unconsolidated Financial Companies 385 11.4.10 Less than 10% Stakes in Unconsolidated Financial Companies 385 11.4.11 Significant Stakes in Unconsolidated Financial Companies 387 11.4.12 Combined Deduction of Significant Investments in Unconsolidated Financial Entities, MSRs and DTAs 388 11.4.13 Basel II 50/50 Deductions 389 11.5 Other Capital Buffers 389 11.5.1 Capital Conservation Buffer 389 11.5.2 Countercyclical Buffer 391 11.6 Transitional Arrangements 392 11.6.1 Transitional Period 392 11.6.2 Capital Instruments Failing Criteria for Eligibility in Capital 393 11.7 Leverage Ratio 393 11.8 Liquidity Coverage Ratio 394 11.9 Net Stable Funding Ratio 396 11.10 Case Study: Calculation of Minority Interests 397 11.11 Case Study: Creating Minority Interests 399 11.12 Case Study: Reducing Risk Weighting 401 11.13 Case Study: Releasing Common Equity 401 11.14 Case Study: Reducing an Unconsolidated Financial Stake 403 11.15 Case Study: Commerzbank’s Capital Structure Enhancement with Credit Suisse 404 Bibliography 407 Index 409
£58.50
John Wiley & Sons Inc Chart Patterns
Book SynopsisTake chart patterns beyond buy triggers to increase profits and make better trades Chart Patterns: After the Buy goes beyond simple chart pattern identification to show what comes next. Author and stock trader Thomas Bulkowski is one of the industry''s most respected authorities in technical analysis; for this book, he examined over 43,000 chart patterns to discover what happens after you buy the stock. His findings are detailed here, to help you select better buy signals, avoid disaster, and make more money. Bulkowski analyzed thousands of trades to identify common paths a stock takes after the breakout from a chart pattern. By combining those paths, he discovered the typical routes a stock takes, which he calls configurations. Match your chart to one of those configurations and you will know, before you buy, how your trade will likely perform. Now you can avoid potentially disastrous trades to focus on the big winners. Each chapter illustrates theTable of ContentsPreface ix Acknowledgments xi About the Author xiii Chapter 1 Big m 1 Chapter 2 Big W 27 Chapter 3 Broadening Bottoms 53 Chapter 4 Broadening Tops 85 Chapter 5 Double Bottoms 119 Chapter 6 Double Tops 147 Chapter 7 Earnings Miss 169 Chapter 8 Flags and Pennants 185 Chapter 9 Head-and-Shoulders Bottoms 205 Chapter 10 Head-and-Shoulders Tops 231 Chapter 11 Measured Move Down 255 Chapter 12 Measured Move Up 267 Chapter 13 Price Mirrors 277 Chapter 14 Price Mountains 283 Chapter 15 Rectangles 291 Chapter 16 Reversals and Continuations 325 Chapter 17 Straight-Line Run Down 333 Chapter 18 Straight-Line Run Up 347 Chapter 19 Tops and Bottoms 361 Chapter 20 Trends and Countertrends 371 Chapter 21 Triangle Apex and Turning Points 383 Chapter 22 Triangles, Ascending 391 Chapter 23 Triangles, Descending 427 Chapter 24 Triangles, Symmetrical 465 Chapter 25 Vertical Run Down 495 Chapter 26 Vertical Run Up 509 Glossary 523 Index 531
£37.50
John Wiley & Sons Inc Trend Qualification
Book SynopsisTechnical analysis expert L.A. Little shows how to identify and trade big market moves Significant money can be made in the stock market by following big trends. In Trend Qualification and Trading, market technician L.A. Little explains how to identify and qualify these trends to determine the likelihood that they will continue and produce better trading results. By combining price, volume, different timeframes, and the relationship between the general market, sectors, and individual stocks, Little shows how to measure the strength of stock trends. Most importantly, he demonstrates how to determine if a trend has what it takes to develop into a major move with greater profit potential or if it is basically a false signal. Takes a proven technical approach to identifying and profiting from financial market trends Shows how to best time entries, when to take profits, and when to exit trades Introduces Little''s proprietary concept, TTable of ContentsForeword xi Acknowledgments xiii Introduction 1 Part I Trend Theory 5 Chapter 1 Redefining Trend 7 Chapter 2 Classical Trend Model 13 Objective of the Model 13 Inputs 14 Model Definition 14 Rules for the Model 15 Applying the Model 18 Summary 22 Chapter 3 Neoclassical Trend Model 25 Objective of the Model 26 Inputs 29 Model Definition 30 Rules for the Model 37 Summary 46 Chapter 4 Determining Trends 49 Fundamentals for the Long Term 49 Swing Point Logic 50 Identifying and Labeling Trends 65 Summary 70 Chapter 5 Qualifying Trends 73 Using Swing Point Tests 73 Trend Continuation and Transitions 75 Retest and Regenerate 97 Summary 106 Part II Application of Trend Theory 109 Chapter 6 Preparing to Trade 111 Overview of Trading Strategies 112 Risk versus Reward 115 Time Frames 116 Summary 125 Chapter 7 Entering and Exiting Trades 127 Support and Resistance 128 Price Zones, Not Lines 131 Defining Entry and Exit Points 136 A Trading Example: Combining Technical Events 161 Summary 166 Chapter 8 Reversals and Price Projections 167 Price Reversals 168 Price Projections 176 Summary 187 Chapter 9 Time Frames 191 Time Frame Analysis 192 Time Frame Integration 197 Establishing a Trading Bias 206 Trade Trend Matrix 212 Summary 214 Chapter 10 Markets, Sectors, and the Trading Cube 215 General Market 216 Market Sectors 217 The Trading Cube 219 Summary 240 Chapter 11 Trading Qualified Trends 243 Example of a Qualified Trend 244 Entering a Trade 249 Exploiting the Trend 258 Exiting the Trade 263 Flipping Trading Positions 268 Concluding Thoughts 272 Notes 275 Glossary of Key Terms 281 About the Author 287 Index 289
£35.62
