Finance and accounting Books

Book SynopsisTop economist Gary Shilling shows you how to prosper in the slow-growing and deflationary times that lie ahead While many investors fear a rapid rise in inflation, author Gary Shilling, an award-winning economic forecaster, argues that the global economy is going through a long period of de-leveraging and weak growth, which makes deflation far more likely and a far greater threat to investors than inflation. Shilling explains in clear language and compelling logic why the world economy will struggle for several more years and what investors can do to protect and grow their wealth in the difficult times ahead. The investment strategies that worked for last 25 years will not work in the next 10 years. Shilling advises readers to avoid broad exposure to stocks, real estate, and commodities and to focus on high-quality bonds, high-dividend stocks, and consumer staple and food stocks. Written by one of today''s best forecasters of economic trends-twice voted by InstiTable of ContentsForeword viii Acknowledgments xii Introduction xivDelveraging, especially of the global financial and U.S. consumer sectors, will dominate the worldwide economy for years. It’s centered on five traumas so far. Three more possibilities loom. Chapter 1 Spotting Bubbles 1Economic and financial bubbles are time-honored and part of immutable human nature. I love to be among the few to spot them and predict their demise. They follow a welldefined pattern as they expand and burst. Chapter 2 Making Great Calls 29They involve important events that the consensus doesn’t foresee and unfold for the stated reasons. Here are five I’ve made: the 1969–1970 recession, the early 1970s inventory bubble and 1973–1975 recession, disinflation starting in the early 1980s, the demise of Japan’s 1980s bubble, and the dot-com blow-off in 2000. Chapter 3 The Housing Bubble (Great Call 6) 53Why I saw it coming in the early 2000s, how I forecast its demise and the way I personally profited. Chapter 4 The Financial Bubble (Great Call 7) 95The great disconnect between the financial and real worlds started three decades ago and accelerated in the 2000s. Soaring financial leverage, especially in the global financial and U.S. consumer sectors, made collapse inevitable. Chapter 5 The Results of Denial 123The 2007–2009 recession and financial crisis started in early 2007 with the subprime mortgage collapse, spread to Wall Street at mid-year, then moved to U.S. consumer retrenchment and global recession in late 2008. Investors thought every crisis was the last, and governments had no foresight or master plans. Chapter 6 Slow Growth Ahead 159Global slow growth in the next decade will result from U.S. consumer retrenchment, financial deleveraging, increased government regulation and involvement in major economies, low commodity prices and the shift by advanced lands to fiscal restraint. Chapter 7 No Help from Anywhere 225Four more reasons for slow global growth: Rising protectionism, continuing U.S. housing weakness, deflation and weak state and local government spending. Chapter 8 Chronic Worldwide Deflation 273Deflation comes in seven varieties, but is fundamentally driven by supply exceeding demand. Productivitysaturated new tech and globalization will drive the good deflation of excess supply while slow economic growth introduces the bad deflation of deficient demand. As the two combine, I look for chronic price declines of 2 to 3 percent annually. Chapter 9 Monetary and Fiscal Excesses 311The inflation-wary Fed will probably withdraw excess reserves if inflation looms. Federal deficits over $1 trillion will persist as weak economic growth forces government job creation and helps push those dependent on government to two-thirds of the population. Still, government stimuli will continue to only replace private sector weakness at best. Chapter 10 The Outlook for Stocks 339Corporate earnings grow with GDP in the long run. With slow growth and deflation in prospect as well as falling P/Es, stock appreciation will be muted and below dividend yields. History favors market timing over buy and hold, even more so in this environment. Chapter 11 Twelve Investments to Sell or Avoid 363Big-ticket consumer purchases, consumer lenders, conventional home builders, collectibles, banks, junk securities, flailing companies, low tech equipment producers, commercial real estate, commodities, Chinese and other developing country stock and bonds, and Japanese securities. Chapter 12 Ten Investments to Buy 425Treasury bonds, dividend-payers, consumer staples, small luxuries, the dollar, asset managers and advisers, factorybuilt houses and rental apartments, health care companies, productivity-enhancers and North American energy. About the Author 493 Index 499

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Book SynopsisUpdated edition of the book that gives investors, advisors, and managers the tools they need to launch and maintain a hedge fund in today''s economy The hedge fund industry has gone through dramatic changes in recent years. Investors of all types continue to want to place their assets into these investment vehicles even in the wake of the credit crisis, massive frauds, and insider trading scandals. Once the forbidden fruit of Wall Street, hedge funds are now considered must have investments in any diversified portfolio. Now in its second edition, The Fundamentals of Hedge Fund Management is revised and updated to address how the credit crisis, legislation, fraud, technology, investor demand, global markets, and the economic landscape have affected the industry. Providing readers with a detailed and in-depth analysis of the world of hedge funds, the people working in it, and a look at where it''s headed, the book is a timely and indispensable reference and reseaTable of ContentsPreface xi Acknowledgments xiii CHAPTER 1 The Hedge Fund Industry 1 CHAPTER 2 The Service Providers 23 CHAPTER 3 Hedge Fund Structures 41 CHAPTER 4 Hedge Fund Accounting 59 CHAPTER 5 ERISA, UBTI, and Offshore Funds 77 CHAPTER 6 Marketing and Capital Raising 91 CHAPTER 7 Why the Back Office Matters 113 CHAPTER 8 The Launch 127 CHAPTER 9 Perception versus Reality 141 APPENDIX A Hedge Fund Litigation 153 APPENDIX B Examples of Hedge Fund Structures 189 Resource Guide 199 Notes 205 Glossary 209 Bibliography 213 About the Author 217 Index 219

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Book SynopsisFXstreet.Com's 2013 Best BookAward! The Sensible Guide to Forex: Safer, Smarter Ways to Survive and Prosper from the Startis written for the risk averse, mainstream retail investor or trader seeking a more effective way to tap forex markets to improve returns and hedge currency risk. As the most widely held currencies are being devalued, they''re taking your portfolio down with themunless you''re prepared. For traders, the book focuses on reducing the high risk, complexity, and time demands normally associated with forex trading. For long-term investors, it concentrates on how to hedge currency risk by diversifying portfolios into the strongest currencies for lower risk and higher capital gains and income. The usual forex materials don''t provide practical answers for most retail traders or longer term investors. Virtually all forextradingmaterials focus on time-consuming, high-leverage, high-risk methods at which most traders fail. MTable of ContentsRead This First xix Currency Risk: Every Investor’s Dilemma xix Currency Risk and How to Fight It xx The Solution xx Some Background xxi Why Any Trader or Investor Needs This Book xxii What This Book Offers xxiv Why Listen to You, Cliff? xxv Visit thesensibleguidetoforex.com for Additional Online Content xxviii Acknowledgments xxxi CHAPTER 1 Three Must-Know Forex Facts 1 Fact 1: Everyone Needs Forex Diversification Even if You Don’t Trade Actively 2 You’re Exposed: Cover Your Assets 2 Even Long-Term Buy-and-Hold Investors Need Forex Diversification 3 Fact 2: Potential for Better Risk-Adjusted Returns 4 Forex Markets Often Provide Advanced Warnings of Changes in Other Markets 4 Forex Needn’t Be Any Riskier Than Other Markets 4 No Uptick Rule: Just as Easy to Profit in a Falling Market as in a Rising One 5 Low Correlation to Other Financial Markets 7 The Most Flexible Hours 7 Forex Markets Offer the Best Liquidity 8 No Centralized Exchange with Specialists Holding Monopoly Power to Regulate Prices 9 Less Slippage 9 The Best Risk/Reward Potential 9 The Lowest Startup and Trading Costs 10 Fact 3: You Can Do This 11 How Can I Compete against the Pros and Big Institutions? 11 How David Beats Goliath: More on What This Book Will and Won’t Do 12 What’s the Catch? 14 Most Traders Fail within Their First Two Years 14 CHAPTER 2 Forex Basics 17 Basics of Currencies and Currency Pairs 17 Trade Only the Most Liquid Currencies 18 The Major Currencies 18 Risk versus Safe Haven Currencies: Definition and Ranking 19 Currencies Trade in Pairs and Why That Matters 20 Price Movements Are Always Relative to Another Currency 20 It’s Just as Easy to Profit in Bear Markets as in Bull Markets 21 How to Read a Forex Pair Price Quote 22 Summary of Currency Pair Basics 24 Why It’s Just as Easy to Profit from Falling Prices 25 Size Matters: Types of Currency Pairs 29 The Major Currency Pairs: The Most Liquid 29 More on Risk and Safe Haven Currencies 29 The Signs of the Crosses: Divine Revelations about Currency Strength 30 Walk on the Wild Side: The Exotics 32 Pips: The Universal Currency of Currencies 32 Calculating Pip Values 33 Three Ways to Limit Risk: Lot Size Usually the Easiest 33 Leverage and Margin: Their Relationship and Impact on Risk 35 Leverage: Greater Risk and Reward 35 Permitted Leverage Varies with Place and Time 35 How Margin, Lot Size, and Leverage Interact 36 The Importance of Adequate Capital 36 Margin Calls: Your account’s Circuit Breaker 37 Order Types 38 Exit Orders: Ways to Close a Position 42 The Three Facets of Risk and Risk Control 44 The Core Four: The Most Important Skills for Success 45 Trader Psychology 46 Risk and Money Management (RAMM) 48 Technical and Fundamental Analysis 48 CHAPTER 3 Technical Analysis (TA) Basics 49 Candle Chart Basics 50 Candle Anatomy and Meaning 50 Relationship between Body, Wick, and Its Significance 52 Support and Resistance (S/R) Basics 54 Candle Chart Time Frames: Length Matters 59 Different Time Frames, Different Trading Techniques, and Styles 59 Different Time Frames, Different Trends 60 Identifying Support and Resistance (S/R) to Buy Low, Sell High, or Vice Versa 62 Definitions of S/R Are Reversed for Long and Short Positions 63 The General Rule for Identifying Low-Risk High-Yield Trades 64 Finding S/R Is Key to Identifying and Executing Low-Risk High-Yield Trades 64 Good Risk Management Requires Good TA 66 Think of S/R as Zones or Areas 66 So Stick to Trading Longer Time Frames—They’re Safer 67 Reasons to Consider Using Multiple Entry and Exit Points 68 Once Broken, Resistance Becomes Support and Vice Versa 68 Don’t “OD” on TA 69 Why Specialize in a Few Currency Pairs and Time Frames? 69 What Determines Whether a Currency Is a Risk or a Safe Haven? 70 CHAPTER 4 Technical Analysis: Types of Support and Resistance (S/R) 73 Price Levels 74 For Lowest Risk, Enter Near Strong Support 75 What Makes Some S/R Points Stronger Than Others? 76 Longer Time Frames Offer More Reliable S/R Indicators 77 Check Shorter Time Frames to Detect Interim S/R Levels 77 Trends and Trend Lines 80 Trends Vary with Time Frame 80 Defining Trends, and Constructing Trend Lines 80 Types of Trend Lines 81 Single Uptrend or Downtrend Lines 82 Channels: Better Than Single Trend Lines 83 Moving Averages (MAs) 87 Fibonacci Retracements (Fibs): These Fibs Don’t Lie 93 Applying Fibs to Your Charts 94 Fibs within Fibs 96 Bollinger Bands (BBs): Use as S/R in Range-Bound Markets 98 Support/Resistance (S/R) for Flat or Gently Sloping Trends: The Bollinger Bounce 99 Bollinger Bands Don’t Provide Meaningful S/R with Strong Trends 100 Introduction to Japanese Candle Chart Patterns 101 More Key Points about Japanese Candle Patterns 107 Context and Timing Matter 107 Introduction to Western Chart Patterns 108 Classic Western Reversal Patterns 108 Beware False Breakouts, Shake Outs, and Other Fake Outs 111 Other Reversal Patterns to Know 112 Classic Western Continuation Patterns 113 We Repeat: False Breakouts Happen 115 Other Continuation Patterns 116 Patterns That Can Be Continuation or Reversal 116 The Underlying Logic of Chart Patterns 116 The More S/R Indicators, the Better 119 Multiple Mutually Reinforcing S/R Indicators: An Example 119 CHAPTER 5 Trader Psychology and Risk and Money Management (RAMM) 123 RAMM: Preserving Capital Is Your Top Priority 124 The Inner Game: Trader Psychology Basics 125 Lesson 1: Seek Trading Styles and Methods That Fit You 126 Lesson 2: Basics of the Trader’s Mindset—Minimizing and Accepting Risk 128 Lesson 3: Dealing with Losing and Winning Streaks 129 Why Trade Longer Time Frames 130 Seek Safer Trading Styles 130 As with Driving, Speed Kills 131 A More Level Playing Field 132 More and Better Information Means Better Trade Decisions 134 Trends Are More Reliable in Longer Time Frames 134 Ideal Trends For Long-Term Investors 136 Other Technical Indicators Are Better in Longer Time Frames 137 Publicly Available Fundamental Data and Analysis Matters in Longer Time Frames 137 Lower Trading Costs 138 Start Out with Longer Duration Trades 138 Content Quality: The Sign of a Quality Broker 139 The Essence of Good RAMM 140 The Three Pillars of RAMM 141 Account Size and Affordable Loss per Trade 142 Setting Stop Losses: Basic Technique and Psychology 142 Where to Set Stop Losses: Two Criteria 142 More Capital Allows Wider Stop Losses and a Wider Choice of Low-Risk Trade Opportunities 143 Balancing Risk versus the Need to Win 144 Method 1: Recent Range 145 Method 2: Average True Range (ATR) 145 So How Much Capital Is Enough? 146 Leverage and Margin 147 Position Sizing 147 Avoid Having Too Many Open Positions 148 Entries Near Strong Support, Exits Near Strong Resistance 148 Entries 148 Exits: Use Trailing Stops to Protect and Maximize Gains 149 Entries and Exits: Single versus Multiple 149 Risk-Reward Ratios (RRRs) 150 Example: How 1:3 RRRs Make Winners Out of Losers 150 Example: How 1:2 Risk-Reward Ratios Make Winners Out of Losers 152 Applying 1:3 RRR: An Example 154 Acceptable RRR Can Vary with Market Conditions 155 More on Stop Loss Orders: An Example of Using ATR to Gauge Volatility and Place a Fixed or Trailing Stop Loss Order 156 If You Fail to Plan, You Plan to Fail 158 What’s Your Rationale for Taking This Trade? 158 No. 1: Plan Every Trade and Record It in a Journal 160 Sample Trade Rationale as Recorded in Journal 162 No. 2: Your Overall Business Plan 165 What Conditions Do You Need for Success? 166 Safety in Numbers: Build a Team 166 CHAPTER 6 Essentials of Fundamental Analysis 169 Using Fundamental Analysis (FA) and Technical Analysis (TA) Together 171 An Overview of FA: Main Fundamental Drivers of Forex Trends 175 Overall Risk Appetite 176 Short-Term Interest Rates 183 Macroeconomic Data and Indicators 189 Example: EURUSD Uptrend Reverses in Late 2009 as Data Show Europe Slows, U.S. Grows 189 Geopolitics 193 Capital and Trade Flows 193 Merger and Acquisition (M&A) Activity 194 Short-Term Illiquidity: A Lack of Buyers and Sellers 195 Government and Central Bank Special Interventions in Times of Crisis 196 News Trading: Day Trading Based on Short-Term Fundamentals 197 What News Traders Watch 197 FA Basics: Easy to Understand and Hard to Apply 199 Therefore, Get Thee to an Analyst 200 Combining FA and TA: An Example 200 CHAPTER 7 Pulling It All Together with Trade Examples 205 Identifying and Executing Low-Risk, High Potential Yield Trades 205 Begin Your Search On Longer Time Frame Charts, Then Zoom In 205 Consider the Fundamental Context 206 Initial Screening on Longer Time Frame Charts 206 Second Screening 208 Third Screening to Monitor Trade Progress 209 Types of Trades 210 Trade Example 1: A Swing Trade 211 Initial Screening 211 Second Screening 213 RRR Evaluation 214 Conclusion: We Take the Trade 216 Trade Postmortem: What Happened 217 Trade Example 2: A Breakout Trade 218 First Screening 218 Second Screening 220 RRR Evaluation 221 Conclusion: Know When to Walk Away 222 Trade Postmortem: Was I Right? 223 More Key Trader Psychology: Distinguishing between Good Trades and Winning Trades 224 CHAPTER 8 Technical Analysis: Basic Momentum Indicators 227 Double Bollinger Bands (DBBs )—Use as Momentum Indicators 229 DBB Basics 231 The Four Rules for Using Double Bollinger Bands 232 Combine DBBs with a Leading Indicator 236 DBBs: Conclusion and Summary 237 Moving Average Crossovers 237 Price Crosses Over or Under a Moving Average 238 The More Indicators in Our Favor, the Better 239 How Many Indicators Should You Use? 240 But RAMM Is Key 240 Moving Averages Cross Each Other 241 Examples of Simple Trading Systems Using MA Crossovers 242 Welcome to Back Testing 244 Oscillators 244 How They’re Used to Generate Buy/Sell Signals 246 When to Use Oscillators 248 Other Oscillators to Consider 248 Designer Genes 249 Moving Average Layering Indicates Trend Strength 249 The Stronger the Trend, the Clearer the MA Layering 249 CHAPTER 9 Technical Analysis: Future Study 255 Catch a Wave: Timing or Cycle Indicators 255 Meet the Fibonaccis 256 . . . And the Ganns 256 Catch the Most Popular Wave: Elliott Wave Theory and More 256 Combining Technical Indicators: Which Ones and How Many? 257 Your Tool Kit Needs a Gang of Four 258 Apply Indicators to Each Time Frame When Screening Trades 259 Back Testing: Learning from the Past 260 Back Testing Software: Play It Again, Sam 260 A Manual Back Testing Example 261 Back Testing Is a Tool, Not a Solution 265 Intermarket Analysis: Reading Intermarket Correlations and Divergences 265 Background 266 Currencies versus Equities: The S&P 500 as Forex Indicator 267 Risk Currencies versus Safe Haven Currencies 268 Why These Relationships Matter 268 They Give You a Fast, Big Picture 269 Divergences from Normal Correlations Can Be Significant 269 The USD versus Equities 271 The USD and Stocks: Correlation, but Not Causation 272 Currencies versus Currencies: How They Correlate 273 Warning: The U.S. Dollar Index Isn’t a Substitute for Studying Charts 275 Currencies versus Commodities 277 Gold as a Barometer of the USD or EUR 277 Other Currency versus Commodity Correlations 282 Thinking Like a Pro, One Step Beyond Technical Analysis 284 Mind Games 284 Learn to Think Like These Pros 285 CHAPTER 10 Alternatives to Traditional Methods 287 Auto-Trading Systems: Welcome to the Machine 287 Currency Funds: Forex ETFs, ETNs, and More 289 Managed Accounts: Should You Seek Professional Help? 291 CHAPTER 11 Newer, Smarter Methods 295 Follow the Leaders: Forex Social Networks and Trading 295 What Are Forex Social Networks? 296 What Is Social Trading? 297 How It Works: The Highest Form of Flattery 297 Risks of Social Trading 298 Rewards of Social Trading 305 The Growth of Social Trading 307 How eToro and Currensee Compare 307 Great Tool, but Requires Skill to Use 311 An Auspicious Start 312 Do Your Homework Before You Decide Which to Use 312 Consider Market Conditions in Choosing Strategy and Risk Tolerance 313 Binary Options: Trading Made Easier 316 Background 318 How They Work 319 Pros and Cons 320 CHAPTER 12 Forex for Income: The Smartest Oxymoron 323 Ride Long-Term Forex Trends for Lower Risk, Higher Income 324 Why Income Investors Neglect Currency Diversification 325 Long-Term Trends for Long-Term Investors 327 Case Study: Canada 2000–2011: Applying Forex Trends to Equities Investing 328 The USD versus the CAD: Guess Which Has No Debt/GDP Problem 328 Equities: Canada Is Not Japan 329 Be Aware of Tax Withholdings and Credits 332 For Further Investigation: Online Resources 332 The Carry Trade: Using Direct Forex Trades as an Income Vehicle 333 Differences between Forex Carry Trade and Traditional Long-Term Buy-and-Hold Instruments 334 The Key to Carry Trading 336 Carry Trade Steps 338 CHAPTER 13 Now What? Next Steps 341 Where You’ve Been 341 Where You’re Going 342 APPENDIX A Recommended Free Online Resources 347 Forex Sites 347 Thesensibleguidetoforex.com 347 BabyPips.com 347 DailyForex.com 348 DailyFX.com 348 Forex.com 349 ForexCrunch.com 350 ForexFactory.com 350 ForexMagnates.com 350 Forexpros.com 350 FXstreet.com 350 Bkassetmanagement.com 351 Other Favorite Financial Sites 351 BusinessInsider.com 351 Investopedia.com 351 SeekingAlpha.com 352 Wall Street Sector Selector (wallstreetsectorselector.com) 353 Individual Analysts 353 Fundamental Analysis 353 Technical Analysis 354 APPENDIX B How to Calculate Pip Values and Examples 355 Definition 355 Calculation 355 Example: EURUSD 356 Handy Rule of Tens 357 Example USDCAD 357 Example USDJPY: Rule of Tens Doesn’t Apply with the JPY 358 APPENDIX C Forex Trading Time Zones, Liquidity, and Why These Matter 359 Three Major Trading Sessions and Why They Matter 359 Markets Tend to Follow Each Other 362 What Stops the Follow-Through? 363 1. News or How It’s Interpreted 363 2. Technical Resistance: The News Is Already Priced In 363 The Prior Session Is Most Influential 363 Beware Holiday Catch-Up Sessions 364 APPENDIX D More on Leverage and Margin 365 APPENDIX E How the Mathematics of Loss Demands Keeping Losses Per Trade Low 367 APPENDIX F Choosing a Forex Broker 371 Suggested Search Terms to Find Broker Reviews 371 Criteria to Consider 371 APPENDIX G Low Correlations to Other Markets via Social Trading Means There’s Always a Bull Market Somewhere 375 Trade Leader Noncorrelations to the Markets 376 Market Correlations 376 Looking at the Trade Leaders 377 Diversification of Approach 378 Notes 379 About the Author 385 Index 387

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Book SynopsisTo make money in this troubled economy you need to understand where the markets are headed, not where they?ve been.Table of ContentsAcknowledgments ix An Introduction to Bull’s Eye Investing xi Chapter One It’s Good to Be King 1 Chapter Two Rules of Engagement 21 Chapter Three Faith versus History 41 Chapter Four The Trend Is Your Friend (Until It Isn’t) 59 Chapter Five Investors Behaving Badly 85 Chapter Six Dancing with the Bear 109 Chapter Seven The Essence of Bull’s Eye Investing 129 Chapter Eight The Sisyphus Syndrome 151 Chapter Nine Spreading the Pain Around 157 Chapter Ten Leading the Duck 181

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Book SynopsisFor years, traders and investors have been using unproven assumptions about popular patterns such as breakouts, momentum, new highs, new lows, market breadth, put/call ratios and more without knowing if there is a statistical edge. Common wisdom holds that the stock markets are ever changing. But, as it turns out, common wisdom can be wrong. Offering a comprehensive look back at the way the markets have acted over the last two decades, How Markets Really Work: A Quantitative Guide to Stock Market Behavior, Second Edition shows that nothing has changed, that the markets behave the same way today as they have in years past, and that understanding this puts you in a prime position to profit. Written by two top financial experts and filled with charts and graphs that illustrate the market concepts they develop, the book takes a sometimes contrarian view of everything from market edges to historical volatility, and from volume to put/call ratio, giving you all that you neeTrade Review"Those who want to improve their trading of the markets in the very short run would benefit from this book." (Seeking Alpha, March 21st, 2012)Table of ContentsDisclaimer vii Table Explanation ix Acknowledgments xi Chapter 1 Market Edges 1 Chapter 2 Short-Term Highs and Short-Term Lows 7 Chapter 3 Higher Highs and Lower Lows 25 Chapter 4 Up Days in a Row versus Down Days in a Row 43 Chapter 5 Market Breadth 65 Chapter 6 Volume 83 Chapter 7 Large Moves 93 Chapter 8 New 52-Week Highs, New 52-Week Lows 105 Chapter 9 Put/Call Ratio 117 Chapter 10 Volatility Index (VIX) 127 Chapter 11 The Two-Period RSI Indicator 147 Chapter 12 Historical Volatility 157 Chapter 13 Creating a Sample Strategy from This Research 159 Chapter 14 Applying the Information in This Book 163 About the Authors 167 Index 169

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Book SynopsisThe updated edition of the guide to building trading systems that can keep pace with the market The stock market is constantly evolving, and coupled with the new global economic landscape, traders need to radically rethink the way they do business at home and abroad. Enter Building Winning Trading Systems, Second Edition, the all-new incarnation of the established text on getting the most out of the trading world. With technology now a pervasive element of every aspect of trading, the issue has become how to create a new system that meets the demands of the altered financial climate, and how to make it work. Giving voice to the question on every trader and investor''s lips, the book asks, How can we build a trading system that will be paramount for our increasingly stressed markets? The answer? Establish mechanical trading systems that remove human emotion from the equation and form the cornerstone of a complete trading plan and with greater agility, characterisTable of ContentsForeword xi Preface xvii Acknowledgments xix Chapter 1 Fundamentals—What is EasyLanguage? 1 Variables and Data Types 2 Operators and Expressions 4 TradeStation 2000i vs TradeStation 9.0 7 Conclusions 32 Chapter 2 EasyLanguage Program Structure 33 Structured Programming 33 Program Header 34 Calculation Module: MyRSIsystem 35 Conclusions 40 Chapter 3 Program Control Structures 41 Conditional Branching with If-Then 41 Conditional Branching with If-Then-Else 45 Repetitive Control Structures 50 Conclusions 53 Chapter 4 TradeStation Analysis Techniques 55 Indicators 55 PaintBar and ShowMe Studies 62 Functions 68 Strategies 72 Conclusions 77 Chapter 5 Measuring Trading System Performance and System Optimization 79 TradeStation’s Summary Report 80 Trade Analysis 90 Optimization Old School Style 95 Conclusions 126 Chapter 6 Trading Strategies That Work (or the Big Damn Chapter on Trading Strategies) 127 The King Keltner Trading Strategy 128 The Bollinger Bandit Trading Strategy 131 The Thermostat Trading Strategy 134 The Dynamic Break Out II Strategy 141 The Super Combo Day Trading Strategy 147 The Ghost Trader Trading Strategy 165 The Money Manager Trading Strategy 168 Bonus Trading Strategies 171 Conclusions 174 Chapter 7 Debugging and Output 175 Logical versus Syntax Errors 176 Debugging with the Print Statement and the Print Log 176 Debugging with the Built-In Debugger 178 Table Creator 184 Conclusions 190 Chapter 8 TradeStation as a Research Tool 191 Commitment of Traders Report 191 Conclusions 210 Chapter 9 Using TradeStation’s Percent Change Charts to Track Relative Performance 211 Working with Percent Change Charts 213 Conclusions 217 Chapter 10 Options: Introduction and Strategies 219 Part A: Getting Started with Options Trading 219 Part B: Real-Life Options Strategies and Trades 242 Conclusions 250 Chapter 11 Interviews with Developers 251 Appendix A TradeStation 2000i Source Code of Select Programs 295 Bollinger Bandit 295 Dynamic Break Out II by George Pruitt 296 DBS II Fade by George Pruitt 297 King Keltner Program by George Pruitt 298 MyAdxSys 299 MyMomRsi 300 MyMovAvgSys 301 MyTrailPrcntStop 302 Seasonal Soybean 303 Super Combo by George Pruitt 304 Thermostat by George Pruitt 307 The Ghost Trader by George Pruitt 309 The Money Manager by George Pruitt 311 Appendix B Reserved Words Quick Reference 313 About the Website 389 Index 391

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Book SynopsisOffers a complete appraisal of analytical tools available to managers to assess performance. This resource allows you to pick and choose the tools you need to best assess your organization's performance. It provides a tool for measuring corporate performance.Table of ContentsPreface xv Acknowledgments xvii Chapter 1: Introduction 1 Chapter 2: Asset Utilization Measurements 5 Sales to Working Capital Ratio 6 Sales to Fixed Assets Ratio 7 Sales to Administrative Expenses Ratio 8 Sales to Equity Ratio 9 Sales per Person 10 Sales Backlog Ratio 12 Sales Returns to Gross Sales Ratio 13 Repairs and Maintenance Expense to Fixed Assets Ratio 14 Accumulated Depreciation to Fixed Assets Ratio 15 Capital to Labor Ratio 17 Fringe Benefits to Wages and Salaries Expense 18 Sales Expenses to Sales Ratio 19 Discretionary Cost Ratio 19 Interest Expense to Debt Ratio 20 Foreign Exchange Ratios 21 Overhead Rate 22 Goodwill to Assets Ratio 25 Overhead to Cost of Sales Ratio 26 Investment Turnover 27 Break-Even Point 28 Margin of Safety 29 Tax Rate Percentage 30 Chapter 3: Operating Performance Measurements 31 Operating Assets Ratio 31 Sales to Operating Income Ratio 33 Sales Margin 34 Gross Profit Percentage 34 Gross Profit Index 35 Investment Income Percentage 36 Operating Profit Percentage 38 Operating Leverage Ratio 39 Net Income Percentage 40 Core Operating Earnings 41 Profit per Customer Visit 42 Profit per Person 43 Core Growth Rate 44 Quality of Earnings Ratio 45 Chapter 4: Cash Flow Measurements 47 Cash Flow from Operations 47 Free Cash Flow 49 Cash Flow Return on Sales 50 Fixed Charge Coverage 51 Expense Coverage Days 52 Cash Flow Coverage Ratio 54 Cash Receipts to Billed Sales and Progress Payments 55 Cash to Current Assets Ratio 55 Cash Flow to Fixed Asset Requirements 56 Cash Flow Return on Assets 58 Cash to Working Capital Ratio 59 Cash Reinvestment Ratio 60 Cash to Current Liabilities Ratio 61 Cash Flow to Debt Ratio 62 Reinvestment Rate 63 Stock Price to Cash Flow Ratio 64 Dividend Payout Ratio 65 Chapter 5: Liquidity Measurements 67 Accounts Receivable Turnover 68 Average Receivable Collection Period 69 Days Delinquent Sales Outstanding 70 Days Sales in Receivables Index 71 Accounts Receivable Investment 72 Ending Receivable Balance 73 Inventory to Sales Ratio 74 Inventory Turnover 75 Inventory to Working Capital Ratio 77 Liquidity Index 78 Accounts Payable Days 79 Accounts Payable Turnover 80 Current Ratio 81 Quick Ratio 82 Cash Ratio 83 Sales to Current Assets Ratio 84 Working Capital Productivity 85 Days of Working Capital 86 Weighted Working Capital 87 Defensive Interval Ratio 88 Current Liability Ratio 89 Required Current Liabilities to Total Current Liabilities Ratio 90 Working Capital to Debt Ratio 91 Risky Asset Conversion Ratio 92 Noncurrent Assets to Noncurrent Liabilities Ratio 93 Short-Term Debt to Long-Term Debt Ratio 94 Altman’s Z-Score Bankruptcy Prediction Formula 95 Chapter 6: Capital Structure and Solvency Measurements 99 Times Interest Earned 99 Cash Coverage Ratio 100 Debt Coverage Ratio 101 Asset Quality Index 102 Accruals to Assets Ratio 104 Times Preferred Dividend Earned 105 Debt to Equity Ratio 107 Funded Capital Ratio 108 Retained Earnings to Stockholders’ Equity 109 Preferred Stock to Total Stockholders’ Equity 110 Issued Shares to Authorized Shares 111 Chapter 7: Return on Investment Measurements 113 Net Worth 113 Book Value per Share 115 Tangible Book Value 116 Return on Assets Employed 117 Return on Infrastructure Employed 119 Return on Operating Assets 120 Return on Equity Percentage 121 Return on Common Equity 122 Financial Leverage Index 123 Equity Growth Rate 124 Earnings per Share 125 Percentage Change in Earnings per Share 126 Economic Value Added 127 EVA Momentum 129 Relative Value of Growth 130 Dividend Payout Ratio 131 Dividend Yield Ratio 133 Chapter 8: Market Performance Measurements 135 Insider Stock Buy-Sell Ratio 135 Institutional Capture Rate 137 Market Value Added 138 Enterprise Value/Earnings Ratio 139 Stock Options to Common Shares Ratio 140 Cost of Capital 142 Sales to Stock Price Ratio 144 Price/Earnings Ratio 145 Capitalization Rate 146 Chapter 9: Measurements for the Accounting/Finance Department 147 Purchase Discounts Taken to Total Discounts 148 Percentage of Payment Discounts Missed 149 Transactions Processed per Person 150 Transaction Error Rate 151 Average Time to Issue Invoices 152 Average Employee Expense Report Turnaround Time 154 Payroll Transaction Fees per Employee 155 Time to Produce Financial Statements 157 Percentage of Tax Filing Dates Missed 158 Proportion of Products Costed Prior to Release 159 Internal Audit Savings to Cost Percentage 160 Internal Audit Efficiency 161 Deduction Turnover 162 Bad Debt Percentage 163 Percent of Receivables over XX Days Old 164 Allowance Exhaustion Rate 165 Percentage Collected of Dollar Volume Assigned 166 Cash Collected per Aging Bucket 167 Collection Effectiveness Index 168 Best Possible DSO 169 Partial Payment Agreement Percentage 170 Percent of Cash Applied on Day of Receipt 171 Auto Cash Hit Rate 172 Unmatched Receipts Exposure 172 Cost of Credit 173 Earnings Rate on Invested Funds 174 Brokerage Fee Percentage 175 Borrowing Base Usage Percentage 176 Chapter 10: Measurements for the Engineering Department 179 Bill of Materials Accuracy 179 Labor Routing Accuracy 181 Idea Kill Rate 182 Percentage of New Products Introduced 183 Percentage of Sales from New Products 184 Percentage of New Parts Used in New Products 185 Percentage of Existing Parts Reused in New Products 186 Average Number of Distinct Products per Design Platform 187 Percentage of Products Reaching Market before Competition 188 Return on Innovation Investment 189 Intangibility Index 189 Science Linkage Index 190 Ratio of Actual to Target Cost 191 Warranty Claims Percentage 192 Time from Design Inception to Production 193 Percentage of Floor Space Utilization 194 Chapter 11: Measurements for the Human Resources Department 197 Employee Turnover 197 Average Time to Hire 198 Late Personnel Requisitions Ratio 199 Sendouts per Hire 200 Intern Hiring Percentage 201 Ratio of Support Staff to Total Staff 201 Employment Cost Effectiveness 202 Chapter 12: Measurements for the Logistics Department 205 Production Schedule Accuracy 206 Economic Order Quantity 207 Number of Orders to Place in a Period 208 Economic Production Run Size 209 Raw Material Inventory Turns 209 Raw Material Content 210 Finished Goods Inventory Turns 211 Obsolete Inventory Percentage 212 Percentage of Inventory > XX Days Old 213 Percentage of Returnable Inventory 214 Excess Inventory Index 215 Inventory Accuracy 216 Percentage of Certified Suppliers 217 Electronic Data Interchange Supplier Percentage 218 Distribution Turnover 219 Supplier Fill Rate 220 On-Time Parts Delivery Percentage 221 Purchased Component Defect Rate 223 Incoming Components Correct Quantity Percentage 224 Percentage of Actual Payments Varying from Purchase Order Price 225 Percentage of Purchase Orders Issued below Minimum Dollar Level 226 Proportion of Corporate Credit Card Usage 227 Percentage of Receipts Authorized by Purchase Orders 228 Freight Audit Recovery Ratio 230 Picking Accuracy for Assembled Products 231 Order Fill Rate 231 Average Time to Ship 232 On-Time Delivery Percentage 234 Dock-to-dock Time 234 Percentage of Products Damaged in Transit 236 Percentage of Sales through Distributors 237 Chapter 13: Measurements for the Production Department 239 Constraint Productivity 240 Takt Time 240 Constraint Rework Percentage 241 Constraint Schedule Attainment 242 Constraint Utilization 243 Operational Equipment Effectiveness 244 Degree of Unbalance 245 Throughput Effectiveness 246 Manufacturing Critical Path Time 248 Manufacturing Efficiency 249 Break-Even Plant Capacity 250 Manufacturing Effectiveness 251 Productivity Index 252 Unit Output per Direct Labor Hour 253 Average Equipment Setup Time 255 Unscheduled Machine Downtime Percentage 255 Mean Time between Failures 257 Acceptable Product Completion Percentage 258 Work-in-Process Turnover 259 Work-in-Process to Standard Work-in-Process 260 Scrap Percentage 261 First-Time-Through Yield 262 Warranty Claims Percentage 263 Maintenance Expense to Fixed Assets Ratio 264 Indirect Expense Index 265 Reorder Point 266 On-Time Delivery Ratio 268 Chapter 14: Measurements for the Sales and Marketing Department 271 Market Share 271 Customer Turnover 272 Advertising Value Equivalency 273 Net Promoter Score 274 Browse-to-Buy Conversion Ratio 275 Recency 276 Direct Mail Effectiveness Ratio 277 Inbound Telemarketing Retention Ratio 279 Proportion of Completed Sales to Home Page Views 280 Quote to Close Ratio 281 Pull-Through Rate 282 Sales per Salesperson 283 Sales Productivity 284 Sales Effectiveness 285 Sales Trend Percentage by Product Line 286 Product Demand Elasticity 287 Days of Backlog 288 Chapter 15: Measurement Analysis with an Electronic Spreadsheet 291 Financial Statement Proportional Analysis 292 Financial Statement Ratio Analysis 294 Automated Ratio Result Analysis 296 Leverage Analysis 297 Trend Analysis 298 Forecasting 299 Cash Flow Analysis 303 Capital Asset Analysis 305 Compounding Analysis 307 Investment Analysis 309 Risk Analysis 311 Appendix: Measurement Summary 313 Glossary 339 About the Author 345 Index 347

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Book SynopsisDiscover the power of the CFO''s role in delivering shareholder value During the past decade, the CFO role has expanded dramatically in its breadth, complexity, and criticality. Filled with proven strategies, best practices, and keen insights, The Essential CFO describes how today''s CFOs are responding to their expanded roles within both public and private companies. With straightforward and pragmatic guidance, author Bruce Nolop shows how CFOs are partnering with CEOs to deliver shareholder value by articulating a strategic plan, determining capital allocations, managing the capital structure, driving financial performance, and implementing strategic transactions. Covers how CFOs are establishing robust accounting and risk management processes and effectively communicating with both external and internal constituencies Looks at the role of the CFO in transforming financial organizations to drive effectiveness and efficiencies Examines Table of ContentsIntroduction xv Part I: Strategy Chapter 1: Articulating a Strategic Plan 3 Business Objectives 4 Strategic Themes 5 Long-Term Financial Model 7 Total Shareholder Return 10 Capital Allocation Strategies 14 Acquisition Strategies 15 Target Shareholders 17 Elevator Pitch 20 Plan Revisions 21 Chapter 2: Communicating and Achieving Alignment 23 Consistency and Transparency 24 Incentive Compensation Programs 25 Investor Alignment 28 Analyst Relations 29 Investor Presentations 31 Company Website 35 Social Media 36 Media Relations 37 Potential Media Pitfalls 38 Coordinating Communications 39 Interview Formats 39 Media Training 40 Note 42 Chapter 3: Assessing Enterprise Risks 43 Enterprise Risk Management 43 Implementation of ERM 44 Risk Identification 45 Risk Quantification 46 Major Exposures 47 Mitigation Strategies 50 Rewarded versus Unrewarded Risks 51 Governance of ERM 52 CFO’s Role in ERM 54 Part II: Capital Allocations Chapter 4: Estimating the Cost of Capital 59 WACC Formula 59 Hurdle Rates 63 Risk Premiums 63 Acquisition Cost of Capital 65 Chapter 5: Prioritizing Capital Investments 67 Cash Flow Projections 67 Investment Budget 68 Evaluating Projects 71 Categorizing Projects 74 Monitoring Projects 75 Pension Fund Contributions 77 Chapter 6: Considering Dividends and Repurchases 79 Dividend Policy Alternatives 80 Dividend Policy Considerations 82 Special Dividends 85 Dividend Declarations 85 Repurchase Considerations 86 Open Market Programs 90 Tender Offers 92 Retaining Strategic Cash 92 Cash Investment Policies 95 Part III: Mergers and Acquisitions Chapter 7: Identifying Acquisition Candidates 99 Rationale for Acquisitions 99 Adjacent Spaces 100 Portfolio Approach 101 Business Sponsor 101 Patience and Flexibility 102 Strategic Purpose 102 Types of Acquisitions 103 Note 107 Chapter 8: Evaluating Acquisition Candidates 109 Valuation Methodologies 109 Standalone and Synergy Values 112 Pro Forma Analyses 113 Acquirer’s Stock Valuation 116 Risk Considerations 116 Chapter 9: Executing a Merger or Acquisition 119 Due Diligence 119 Business Plan 123 Financial Projections 124 Financing Plan 126 Price Negotiations 128 Contract Terms 129 Acquisition Integration 132 Note 134 Chapter 10: Executing Divestitures and Spinoffs 135 Divestiture Evaluations 135 Hiring Investment Bankers 136 Auction or Negotiated 137 Stock or Assets 139 Financing Conditions 139 Management Participation 140 Tax-Free Spinoffs 141 Split-Ups 142 Equity Carve-Outs 143 Chapter 11: Responding to Takeover Offers 145 Governance Policies 145 Reviewing an Offer 146 Conducting a Sale Process 148 Activist Shareholders 149 Going Private Transactions 149 Part IV: Funding Chapter 12: Establishing Capital Structure Objectives 153 Leverage Targets 153 Leverage Criteria 155 Rating Agencies 157 Ratings Categories 158 Rating Agency Dialogues 160 Ratings Criteria 161 Informing Investors 162 Note 163 Chapter 13: Developing Financing Strategies 165 Financing Principles 165 Debt Financing 167 Equity Financing 171 Off Balance Sheet Financing 174 Debt Covenants 177 Debt Refinancings 179 Debt for Equity Swaps 180 Bankruptcy 182 Chapter 14: Ensuring Short-Term Liquidity 185 Bank Lines 185 Cash Planning 187 Contingency Planning 187 Liquidity Ratios 189 Working Capital Strategies 189 Trapped Cash 191 Chapter 15: Obtaining Long-Term Financing 193 Venture Capital 193 Private Equity 194 Initial Public Offering 195 Subsequent Equity Offerings 198 Term Loans 200 Syndicated Bank Loans 200 Investment Grade Securities 200 High Yield Securities 201 Strategic Alliances 202 Note 203 Part V: Performance Chapter 16: Driving Business Performance 207 Organic Revenue Growth 207 Cost Reduction Strategies 211 Fixed versus Variable Costs 219 Note 219 Chapter 17: Providing Planning and Analysis 221 Budgets 221 Forecasts 225 Cash Flows 226 Performance Metrics 228 Business Unit Metrics 231 Performance Reports 232 Business Analysis 233 Chapter 18: Managing Financial Risks and Taxes 235 Insurance 235 Interest Rates 238 Currencies 239 Commodities 241 Inflation 242 Pension Fund 243 Tax Planning 244 Part VI: Accounting and Controls Chapter 19: Establishing Accounting Processes 251 Financial Reporting 251 SEC Filings 255 External Auditors 259 Audit Committee 259 Note 260 Chapter 20: Communicating Financial Results 261 Earnings Call 261 Non-GAAP Measures 266 Earnings Guidance 267 Note 271 Chapter 21: Implementing Sarbanes-Oxley 273 Overview of Provisions 273 Auditor Independence 274 Certification of Financials 275 Assessment of Internal Controls 276 Chapter 22: Reinforcing Compliance and Controls 281 Control Environment 282 Auditor and Board Support 283 Foreign Corrupt Practices Act 285 Fraud Prevention 287 Whistleblowers 287 Cost of Compliance 288 Note 289 Part VII: Leadership Chapter 23: Achieving Finance Transformation 293 Organizational Structure 293 Technology Systems 298 Process Reengineering 301 Outsourcing Advantages 303 Outsourcing Implementation 305 Analysis versus Data 308 Chapter 24: Developing Financial Talent 311 Recruitment Strategies 312 Development Objectives 316 Development Tools 320 Diversity 325 Future Requirements 325 Note 326 About the Author 327 Acknowledgments 329 Index 331

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Book SynopsisA practical guide to avoiding the most common scams, from a fraud-fighting expert U.S. consumers lose billions of dollars each year to scam artistsand the next victim could be you. While anyone can be targeted, many victims are older. In AARP''s Outsmarting the Scam Artists, renowned fraud-fighter Doug Shadel offers practical advice for consumers who want to protect their money as well as the financial assets of their parents and families. Despite the rise of scams, many people are embarrassed to admit they''ve been victimized. The author helps break the cycle of shame by including accounts from the people who''ve been scammed as well as tips from a surprising source: convicted con artists who reveal how they''ve defrauded people like you. Get practical tips to combat all kinds of scams, from simple lottery tickets to non-existent oil and gas deals and religious ponzi schemes Learn how to protect yourself by securing your mailbox andTable of ContentsAcknowledgments ix Preface xi Part I The Scam Artists’ Playbook Chapter 1 Inside the Con Artist’s Mind 3 Chapter 2 Ether: The Con Artist’s Central Strategy 19 Chapter 3 The Stages of Fraud 29 Part II Con Artists in Action Chapter 4 Exploiting Ego: The Oil-and-Gas Scam 49 Chapter 5 Exploiting Faith: The Religious Ponzi Scam 63 Chapter 6 Exploiting Fear: The Gold Coin Scam 77 Chapter 7 Exploiting Boredom: The Movie Scam 85 Chapter 8 Exploiting the American Dream: The Business Opportunity Scam 93 Chapter 9 Exploiting Hope: The Lottery Scam 107 Chapter 10 Exploiting Credit: An Interview with an Identity Thief 117 Part III How to Fight Fraud Chapter 11 Who Are the Victims? 129 Chapter 12 Become a Fraud Fighter 145 Chapter 13 Fraud Prevention That Works 159 Appendix A The Fraud-Vulnerability Quiz 173 Appendix B Fraud-Prevention Resource List 177 Notes 181 About the Author 185 Index 187

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Book SynopsisA detailed, step-by-step book covering the entire hedge fund evaluation process Investing in hedge funds is different from investing in other asset classes. There is much less publicly available information about hedge funds performance than there is about mutual funds or individual stocks. Consequently, investing in this class requires more sophisticated investment knowledge, greater due diligence, and, in many cases, a better-developed ability to evaluate investment managers. Hedge Fund Analysis provides a broad framework of how to approach this endeavor, from initial screening to analytical techniques, interviewing skills, and legal and contract negotiations. Along the way, it demonstrates a variety of mechanisms for monitoring and tracking hedge funds and the underlying hedge fund portfoliosexplaining each stage of the process in minute detail and providing specific examples which fully explain the opportunities and challenges you''ll face each step of the Table of ContentsIntroduction xi PART ONE Background CHAPTER 1 Hedge Fund History 3 So Who Invented the Hedge Fund? 4 The Samurai 4 The Academic 5 The Legend 14 The Innovator 17 CHAPTER 2 Hedge Fund Asset Class 29 Definition 29 Hedge Fund Structure 31 Hedge Fund Strategies 32 Advantages of Allocating to Hedge Funds 43 Hedge Fund Size and Age Impacts Performance 52 PART TWO Hedge Fund Due Diligence CHAPTER 3 Due Diligence Process 57 Key Areas of Focus within Each Component of Due Diligence 57 The Due Diligence Process Highlighted in This Book 60 Putting It All Together 67 Some Initial Thoughts 70 CHAPTER 4 Initial Data Collection 77 Data Collection 78 Due Diligence Questionnaire (DDQ) 80 Fictional Capital Management 80 Other Materials 106 Further Analysis 108 13F Analysis 116 Hedge Fund Journal 119 CHAPTER 5 Initial Interview 121 Initial Call or Meeting 121 Phone Interviews 122 Meeting Notes 139 CHAPTER 6 Quantitative Analysis 145 Performance Measures 146 Absolute Return Measures 146 Absolute Risk Measures 154 Regression-Based Statistics 164 Peer Group Analysis 168 CHAPTER 7 Portfolio Analysis 173 Attribution Analysis 174 Fundamental Analysis 189 Evaluating Portfolio Data 193 CHAPTER 8 Onsite Interviews 217 Onsite Meeting Strategies 219 One-on-One Meetings 219 Meeting with More Than One Person 222 Different Perspectives 223 Meeting Notes 224 Onsite Interviews at Fictional Capital Management (FCM) 228 CHAPTER 9 Operational Due Diligence 259 Case Study: Bayou Fund 259 Definition 261 Importance of Operational Due Diligence 263 Categorization of Operational Due Diligence 267 Interview with FCM Operational Staff 301 CHAPTER 10 Risk Due Diligence 309 Graphical Depiction of Hedge Fund Risks 312 Risk Due Diligence 314 Factor Decomposition Analysis 330 Interview with FCM Risk Manager 333 CHAPTER 11 Reference and Background Checks 339 Onlist and Offlist References 340 Internet and Social Media 341 Contacting References 343 Problematic References 346 Whose References Should You Check? 349 How Many Reference Calls Are Enough? 350 Background Checks 352 Summary of Reference Calls for FCM 353 CHAPTER 12 Hedge Fund Scoring Model and Decision Making 357 Hedge Fund Scoring Model 358 Putting It All Together 374 About the Author 379 Index 381

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Book SynopsisA comprehensive look at the innovations, applications, and best practices of Islamic finance Islamic-compliant finance is transacted in every major world financial center, and the need for information on the topic in light of its global reach has grown exponentially. As an expert in this field, author Karen Hunt-Ahmed understands the intricacies of this area of the capital markets. Now, along with the help of a number of experienced contributors, she skillfully addresses Islamic finance from the perspective of practitioners, examining issues in wealth management, contract law, private equity, asset management, and much more. Engaging and accessible, Contemporary Islamic Finance skillfully explains the practices and innovations of Islamic finance in everything from banking and real estate to private equity, asset management, and many other areas. It is intended to be the go-to resource for both Muslims as well as non-Muslims with an interest in the subject. DiviTable of ContentsAcknowledgments xi 1 Introduction: Islamic Finance in the World Economy 1Karen Hunt-Ahmed PART I The Contemporary Islamic Finance Landscape 2 Contemporary Islamic Economic Thought 19Mohammad Omar Farooq 3 The Legal Framework of Islamic Finance 39Cynthia Shawamreh 4 Globalization and Islamic Finance: Flows and Consciousness 63Karen Hunt-Ahmed 5 Islamic Science and the Critique of Neoclassical Economic Theory 75Waleed El-Ansary 6 Juristic Disagreement: The Collective Fatwa Against Islamic Banking in Pakistan 103Shoaib A. Ghias 7 Managing Liquidity Risk in Islamic Finance 121Dr. Muhammad Al-Bashir Muhammad Al-Amine 8 Elements of Islamic Wealth Management 147Paul Wouters 9 Sukuk and the Islamic Capital Markets: An Introduction 165Michael J. T. McMillen 10 Shari'a-Compliant Mutual Funds 189Monem Salam 11 The Evolution of Shari'ah-Compliant Indexes and Why They Outperform Conventional Indexes over the Long Term 195Tariq Al-Rifai 12 Takaful 203Farrukh Siddiqui 13 Islamic Human Resources Practices 215William Marty Martin 14 An Integrated Islamic Poverty Alleviation Model 223Ali Ashraf and M. Kabir Hassan 15 How Does an Islamic Microfinance Model Play the Key Role in Poverty Alleviation? The European Perspective 245Sabur Mollah and M. Hamid Uddin PART II Case Studies 16 Islamic Finance in an Almost Postcrisis and Postrevolutionary World: As in Politics, All Islamic Finance Is Local 257Mark Smyth 17 Stepping Forward, Backward, or Just Standing Still? A Case Study in Shifting Islamic Financial Structures Offshore 267Umar F. Moghul 18 Islamic Mortgages 283David Loundy 19 Shari'a Quality Rating 293Nasir Ali Merchant 20 Islamic Mutual Funds' Performance in Saudi Arabia 303Hesham Merdad and M. Kabir Hassan 21 Shari'ah-Compliant Real Estate Investment in the United States 323John L. Opar 22 Risk and Derivatives in Islamic Finance: A Shariah Analysis 331Dr. Muhammad Al-Bashir Muhammad Al-Amine 23 Islamic Microfinance 353Blake Goud About the Editor 367 Index 369

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Book SynopsisPraise for Sheldon Jacobs Sheldon Jacobs is a level-headed gentleman who is a cross between Albert Einstein, the Dalai Lama, and Vanguard founder Jack Bogle and who had a solid record editing and publishing The No-Load Fund Investor financial newsletter for over a quarter-century.MarketWatch King of no-loads.Investor''s Business Daily Dean of the no-load fund watchers.USA Today Among financial experts who are able to think with a small investor''s perspective, no one is more level-headed than Sheldon Jacobs.Bottom Line/Personal In July of 1993, Sheldon Jacobs was one of five nationally recognized mutual fund advisors chosen by The New York Times for a mutual fund portfolio competition. The portfolio that he selected produced the highest return of all contestants for almost seven years, and the Times quarterly publication of this contest helped him bTable of ContentsPreface xi Introduction: Take a Journey with Me 1 Part I The Five Essentials 9 Chapter 1 The First Essential: Determine the Right Asset Allocation 11 Chapter 2 The Second Essential: Diversify within Asset Classes 19 Chapter 3 The Third Essential: Understand and Control Risk 37 Chapter 4 The Fourth Essential: Keep Your Costs Low 43 Chapter 5 The Fifth Essential: Choose the Right Financial Media to Follow 49 Part II Actions and Strategies to Implement the Essentials 75 Chapter 6 Developing Media Expertise 77 Chapter 7 How to Build Mutual Fund Portfolios for Lifetime Profits 99 Chapter 8 Index Fund Investing: Beyond the S&P 500 113 Chapter 9 How to Survive Bear Markets 121 Chapter 10 The Case for Market Timing 129 Chapter 11 The No-Work Way to a Comfortable Retirement . . . Maybe 145 Chapter 12 Dealing with Professionals 153 Part III Becoming a Well-Rounded Money Maven 173 Chapter 13 For Clearer Thinking 175 Chapter 14 The Psychology of Investing 195 Chapter 15 Integrity, or the Lack of It 211 Chapter 16 Women Aren’t Different; They Just Live Longer 225 Chapter 17 Adventures in Collectibles 233 Chapter 18 Vanity Investments 239 Chapter 19 Increasing Your Workplace Income 245 Epilogue: Journey's End 257 Appendix: Directory of Newsletters with Model Portfolios 261 Glossary 265 Acknowledgments 281 About the Author 283 Index 285 A wise man should have money in his head, but not in his heart. —Jonathan Swift

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Book SynopsisAnalyze key indicators more accurately to make smarter market moves The Economic Indicator Handbook helps investors more easily evaluate economic trends, to better inform investment decision making and other key strategic financial planning. Written by a Bloomberg Senior Economist, this book presents a visual distillation of the indicators every investor should follow, with clear explanation of how they''re measured, what they mean, and how that should inform investment thinking. The focus on graphics, professional application, Bloomberg terminal functionality, and practicality makes this guide a quick, actionable read that could immediately start improving investment outcomes. Coverage includes gross domestic product, employment data, industrial production, new residential construction, consumer confidence, retail and food service sales, and commodities, plus guidance on the secret indicators few economists know or care about. Past performance can predict futur

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Book SynopsisThe definitive guide to best practices for mastering techniques of the insider-led transition planning A must have book for business owners, key employees, and their advisors who need to be aware of the full spectrum of succession options, Buyouts provides objectives, advice, steps, and a host of examples on the full spectrum of insider-led buyouts. A road map for CPAs, it presents the parameters for many of the major industry segments, techniques for managing risk, providing retention and performance incentives for key personnel and insights into getting deals financed. Features advice and examples of insider led buyouts Essential guidance on succession options for business owners, key employees, and their advisors The 411 on selling your company for a fair price, maintaining control over the process, and realizing lifelong goals Transition planning is becoming a hot business topic as millions of business owners head into Table of ContentsAcknowledgments xvii Introduction The New Reality for Business Owners in 2012 1 The Middle Market 2 Not Another Mergers and Acquisitions Book 3 Chapter Organization 4 Chapter 1 Buyout Examples 7 Case Study—SRC Holdings, Corporation 7 Case Study—SSG Financial Services 11 Case Study—Quality Assembly and Logistics, LLC 14 Case Study—Jumbo Heater & Manufacturing Lessons Learned 18 Summary 19 Chapter 2 The Economy 21 Brief Overview of the Current Recession 21 Near Term Regulatory Environment—Tax Increases 25 The Longer View 26 Summary 27 Chapter 3 Finance 29 Community Banks 30 Regional and National Money Center Banks 32 Mezzanine Funds 33 Private Equity 34 Small Business Administration and Government Sources 35 Seller Notes 36 Summary 37 Chapter 4 Valuations 39 Purpose of the Valuation 40 Determining the Transaction Consideration 41 Standard of Value for Transactions 42 Types of Buyers and Sellers 46 Attributes of Ownership—Control and Minority Positions 47 Lack of Marketability 49 Additional Adjustments to Valuation 50 Three Valuation Approaches: Income, Market, Asset 50 Summary 61 Chapter 5 Industries and Businesses 63 Technology and Software 64 Communications 65 Energy 65 Commodity Goods—Retail Food and Agriculture 65 Healthcare 65 Manufacturing 66 Construction 66 Main Street Businesses 66 Discretionary Products and Services Industries 67 Professional Services 67 Summary 67 Chapter 6 Professional Advisors 69 Attorneys 69 Certified Public Accountant 70 Financial Advisors 71 Investment Bankers 72 Behavioral Science 73 Key Employees 75 Board Members or Advisory Members 76 Family 76 Summary 77 Chapter 7 Documents and Due Diligence 79 Due Diligence for the Seller 79 Due Diligence for the Buyer 83 Common Documents and Key Covenants 86 Summary 90 Chapter 8 Short Course on Taxes 91 Tax Issues for the Seller 91 Tax Issues for the Buyer 98 Summary 101 Chapter 9 Buyouts—Non-Sponsored Management 103 Advantages 104 Cautions 105 Valuation Insights 107 Viewpoint of the Seller 109 Viewpoint of the Buyer 111 Professional Advisors 112 Risk Environment 114 Technical Matters 115 Summary 125 Chapter 10 Buyouts—Sponsored Management 127 Advantages 128 Valuation 131 Viewpoint of the Seller 132 Viewpoint of the Buyer 133 Professional Advisors 137 Risk Environment 138 Technical Matters 142 Summary 144 Chapter 11 Buyouts—Sponsored 145 Advantages 146 Cautions 147 Valuation 148 Viewpoint of the Seller 150 Viewpoint of the Buyer 151 Professional Advisors 153 Risk Environment 153 Technical Matters 156 Summary 157 Chapter 12 Buyouts—Management and Employee Stock Ownership Plans and Trust 159 Advantages 160 Cautions 163 Valuation Insights 165 Viewpoint of the Seller 166 Viewpoint of the Buyer 168 Professional Advisors 169 Risk Environment 171 Technical Matters 180 Summary 190 Chapter 13 Buyouts—100% Employee Stock Ownership Plan and Trust 191 Advantages 192 Cautions 195 Valuation Insights 197 Viewpoint of the Seller 198 Viewpoint of the Buyer 199 Professional Advisors 201 Risk Environment 202 Technical Matters 210 Summary 214 Chapter 14 Buyouts—Professional Firms 215 Architectural and Engineering, Public Accounting, and Management Consulting Firms 215 Architectural and Engineering Firms 218 Public Accounting Firms 224 Management Consulting Firms 230 Summary 233 Chapter 15 Buyouts Using Parallel Companies 235 Advantages 236 Cautions 237 Valuation Insights 238 Viewpoint of the Seller 239 Viewpoint of the Buyer 239 Professional Advisors 240 Risk Environment 241 Technical Matters 244 Summary 244 Chapter 16 Buyouts with Family and Management 245 2010 Tax Law Update 245 Advantages 246 Cautions 248 Valuation Insights 249 Viewpoint of the Seller (Founding Generation) 250 Viewpoint of the Buyer (Next Generation) 251 Professional Advisors 253 Risk Environment 254 Technical Matters 256 Summary 265 Chapter 17 Buyouts with Employee Cooperatives 267 Advantages 268 Cautions 270 Valuations 271 Viewpoint of the Seller 271 Viewpoint of the Buyer 272 Professional Advisors 272 Risk Environment 273 Technical Matters 277 Summary 281 Chapter 18 Buyouts of the Smallest Companies 283 Advantages 283 Cautions 284 Valuation 285 Viewpoint of the Seller 286 Viewpoint of the Buyer 287 Professional Advisors 288 Risk Environment 288 Technical Matters 289 Summary 291 Chapter 19 Inside Buyouts Compared with Sale to Outsider 293 Relative Negotiating Strength 293 Where’s the Money? 294 Asset or Stock Sale 296 Contingency Payments 298 The Day After 298 Time Uncertain—Getting to the Close 299 Investment Bankers and Intermediaries 299 Common Third-Party Buyers 300 Summary 302 About the Website 305 Index 307

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Book SynopsisAWARDS: Silver Living Now Book Award, Mature Living/Aging 2014 (Silver)If you're one of the 25 million single women over the age of 45 living in the United States today, AARP's The Single Woman's Guide to Retirement is your new best friend. Walking you through the challenges of retired or pre-retired life, from managing your finances to staying healthy in body, mind, and spirit, dealing with divorce, and even looking for love or work, the book covers the issues that really matter to you. Whether you're looking for a retirement home or planning a cruise, this book is packed with specific details to help take the guesswork out of retirement. Author and retirement expert Jan Cullinane has gathered real-life stories from women just like you to illustrate your options and give you fresh new ideas about how to make the most of your retirement years.Table of ContentsPreface v Acknowledgments ix Chapter 1 Retirement and the Single Woman 1 Chapter 2 Deciding What to Do with 168 Hours a Week 21 Chapter 3 Working in Retirement: An Oxymoron? 41 Chapter 4 Fitness in Body, Mind, and Spirit 69 Chapter 5 Where Is Your Heart? Exploring Options for Living 99 Chapter 6 A Place to Call Home: What Are Your Choices? 125 Chapter 7 Divorce, Death, Dating, Dependency, and Deepening Connections 181 Chapter 8 Dollars and Sense 227 References 285 About the Author 293 Index 295

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Book SynopsisProven guidance for expertly using analytics in fraud examinations, financial analysis, auditing and fraud prevention Fraud Analytics thoroughly reveals the elements of analysis that are used in today's fraud examinations, fraud investigations, and financial crime investigations.Table of ContentsForeword xi Preface xiii Acknowledgments xv Chapter 1: The Schematics of Fraud and Fraud Analytics 1 How Do We Define Fraud Analytics? 2 Mining the Field: Fraud Analytics in its New Phase 6 How Do We Use Fraud Analytics? 10 Fraud Detection 10 How Do We Define Fraud Analytics? 12 Fraud Analytics Refined 12 Notes 13 Chapter 2: The Evolution of Fraud Analytics 15 Why Use Fraud Analytics? 17 The Evolution Continues 19 Fraud Prevention and Detection in Fraud Analytics 19 Incentives, Pressures, and Opportunities 21 Notes 22 Chapter 3: The Analytical Process and the Fraud Analytical Approach 23 The Turn of the Analytical Wheel 23 It Takes More Than One Step 24 Probabilities of Fraud and Where it All Begins 28 What Should the Fraud Analytics Process Look Like? 29 Data Analytics Exposed 31 Notes 32 Chapter 4: Using ACL Analytics in the Face of Excel 33 The Devil Remains in the Details 50 Notes 55 Chapter 5: Fraud Analytics versus Predictive Analytics 57 Overview of Fraud Analysis and Predictive Analysis 58 Comparing and Contrasting Methodologies 60 13 Step Score Development versus Fraud Analysis 64 CRISP-DM versus Fraud Data Analysis 66 SAS/SEMMA versus Fraud Data Analysis 68 Conflicts within Methodologies 69 Composite Methodology 70 Comparing and Contrasting Predictive Modeling and Data Analysis 72 Notes 76 Chapter 6: CaseWare IDEA Data Analysis Software 77 Detecting Fraud with IDEA 79 Fraud Analysis Points of IDEA 82 Correlation, Trend Analysis, and Time Series Analysis 83 What is IDEA’s Purpose? 83 A Simple Scheme: The Purchase Fraud of an Employee as a Vendor 86 Stages of Using IDEA 87 Notes 89 Chapter 7: Centrifuge Analytics: Is Big Data Enough? 91 Sophisticated Link Analysis 92 The Challenge with Anti-Counterfeiting 93 Interactive Analytics: The Centrifuge Way 93 Fraud Analysis with Centrifuge VNA 95 The Fraud Management Process 100 Notes 105 Chapter 8: i2 Analyst's Notebook: The Best in Fraud Solutions 107 Rapid Investigation of Fraud and Fraudsters 108 i2 Analyst’s Notebook 109 i2 Analyst’s Notebook and Fraud Analytics 113 How to Use i2 Analyst’s Notebook: Fraud Financial Analytics 116 Using i2 Analyst’s Notebook in a Money-Laundering Scenario 121 Notes 125 Chapter 9: The Power to Know Big Data: SAS Visual Analytics and Actionable Intelligence Technologies’ Financial Investigative Software 127 The SAS Way 127 Actionable Intelligence Technologies’ Financial Investigative Software 130 A Case in Point 132 Notes 135 Chapter 10: New Trends in Fraud Analytics and Tools 137 The Many Faces of Fraud Analytics 137 The Paper Chase is Over 138 To Be or Not to Be 140 Raytheon’s VisuaLinks 143 FICO Insurance Fraud Manager 3.3 145 IBM i2 iBASE 146 Palantir Tech 147 Fiserv’s AML Manager 148 Notes 148 About the Author 151 Index 153

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Book SynopsisBestselling trading author Guy Cohen introduces the OVI indicator to stock trading More fortunes are made from trading stocks than any other financial instrument, and these windfalls are available to anyone who has access to the right information. Presenting the methods used by the best traders in the market,The Insider Edge: How to Follow the Insiders for Windfall Profits uses options transaction data to reveal what informed traders are doing, and how anyone can take advantage of these techniques. Whether the markets are choppy or trending, it always pays to wait for a clear opportunity. Any good trader knows that they need an Edge to excel, and this book demonstrates how the combination of specific chart patterns, author Guy Cohen''s proprietary OVI indicator, and a robust trading plan, when combined, will deliver success. In The Insider Edge, Guy Cohen reveals: How you can profit from options without having to tTable of ContentsPreface vii Acknowledgments xiii Introduction 1 March 8, 2008 3 March 2008 5 March 2009 6 April 26, 2010 7 March 2011 8 Summer 2011 9 September 7, 2011 10 “Informed Trading” and the OVI 11 The Insider’s Rationale 12 Trading Breakouts 13 Chapter 1 The Most Popular Chart Patterns: Why Chart Patterns Are So Important 15 Price Bars 16 Support and Resistance 20 Trends 30 Flag Patterns and Consolidations 33 Head and Shoulders 43 Indicators 48 Learning Points 51 Chapter 2 The OVI: Guide to the Insiders: Introduction to the OVI 53 What Is the OVI? 59 When to Use the OVI and When Not to Use It 64 The OVI with Stocks 78 Learning Points 105 Chapter 3 Flags and Channel Breakouts in Detail: Focusing on the Patterns That Work Best with the OVI 109 Bull Flags 110 Bear Flags 118 Flags with a Strong OVI Signal 127 Channel Breakouts 128 Setting the First Profit Target 134 Learning Points 146 Chapter 4 The Trading Plan: The Complete Trading Plan 151 Order Types 153 The Trading Plan 155 Learning Points 214 Chapter 5 Putting It All Together 217 Summary of the OVI Trading Method 219 A Few More Examples 221 Action Steps 226 Summary of Tools for You to Use 239 Take the Next Step Now! 240 About the Author 241 Index 243

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Book SynopsisReal case studies on bribery and corruption written by expert fraud examiners Bribery and Corruption Casebook: The View from Under the Table is a one-of-a-kind collection of actual cases written by the fraud examiners who investigated them. These stories were hand-selected from hundreds of submissions and together form a comprehensive, enlightening and entertaining picture of the many types of bribery and corruption cases in varied industries throughout the world. Each case outlines how the bribe or corruption was engineered, how it was investigated, and how perpetrators were brought to justice Written for fraud investigators, auditors, compliance officers, and corporate lawyers Reflects the recent crackdown on bribery and prosecution of cases under the Foreign Corrupt Practices Act (FCPA) Also by Dr. Joseph T. Wells: Fraud Casebook, Principles of Fraud Examination, and Computer Fraud Casebook Table of ContentsPreface xi Chapter 1 The Hot-Tub Highwaymen 1Ted Wendling Chapter 2 Trouble Brewing 13Jay Dawdy and Angela Clancy Chapter 3 In the State’s Interest 23Gary Graff Chapter 4 Odd Bedfellows 35Jon Cohen Chapter 5 When Bribery Becomes a Way of Doing Business 43Amine Antari Chapter 6 Kickbacks for Comic Books 53Rafael A. Garcia Chapter 7 Interrupted Production 65Carl Knudson Chapter 8 High-Plains Grifter 75Carolyn Conn, Katie Houston, and Brandon Tanous Chapter 9 Getting a Free Ride 85William J. Kirby Chapter 10 Conflicting Interests, Conflicting Cultures 95Douglas M. Watson Chapter 11 But We Thought He Was Saving Us Millions 107Gary E. Gaugler Chapter 12 The Construction of a Fraud 115Lorna Leung Chapter 13 The Summer Bribe 123Mark Dron Chapter 14 Brazen Bank Manager 133Antonio Ivan S. Aguirre Chapter 15 In Bed with the Tax Man 141Hanif Habib Chapter 16 High-Rise Rollers 149Richard F. Woodford, Jr. Chapter 17 Decorum Across the International Date Line 159Jim Pelczar Chapter 18 The Kickback Mine 169J. Aaron Christopher Chapter 19 A Sweet Deal 177Jason Petrusic Chapter 20 Da’ Money 187Michael Carr Chapter 21 The Seemingly Upstanding Citizen 199Austine S. M. Adache Chapter 22 Big Dangers from a Small Vendor 209Kimiharu Chatani Chapter 23 A Drop in the Ocean 217Ludmila Grechanik Chapter 24 The Professor and the Deputy 225Paul Keyton Chapter 25 Calling for Kickbacks 235Anil Kumar Chapter 26 Going Green in Mexico 245Ronald L. Durkin Chapter 27 A Wolf in Sheep’s Clothing 253Daniel Nita Chapter 28 Dances with Fraud 261Hank J. Brightman Chapter 29 The Corrupt Public Servant 271Sandeep Mehra Chapter 30 Romance, Jewels and Kickbacks: All in a Day’s Work 279Dennis Thomas Chapter 31 Power Corrupts and Absolute Power Corrupts Absolutely 287Jim Cali Chapter 32 For Love or Money? 299John R. Holley Chapter 33 Ethical Governance: A Mandate for Outsourcing 309Jyoti Khetarpal Chapter 34 Friends and Lovers in High Places 319Rick Hoye Chapter 35 Kickbacks on Demand 329Philip Levi Chapter 36 High-Flying Ambition 341Manjit Chodha Chapter 37 The Cleaner Who Swept His Way to the Top 347Shane Ringin Chapter 38 Sorry, This Fraud Has Been Disconnected 357Meric Bloch Chapter 39 Bid Rigging and Kickbacks under the Bridge 369Edward J. Gaio Index 377

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Book SynopsisA rare analytical look at the financial crisis using simple analysis The economic crisis that began in 2008 revealed the numerous problems in our financial system, from the way mortgage loans were produced to the way Wall Street banks leveraged themselves. Curiously enough, however, most of the reasons for the banking collapse are very similar to the reasons that Long-Term Capital Management (LTCM), the largest hedge fund to date, collapsed in 1998. The Crisis of Crowding looks at LTCM in greater detail, with new information, for a more accurate perspective, examining how the subsequent hedge funds started by Meriwether and former partners were destroyed again by the lapse of judgement in allowing Lehman Brothers to fail. Covering the lessons that were ignored during LTCM''s collapse but eventually connected to the financial crisis of 2008, the book presents a series of lessons for hedge funds and financial markets, including touching upon the circle of greed f

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Book SynopsisThe definitive introduction to FOREX trading Getting Started in Currency Trading, Fourth Edition is both an introduction and a reference manual for beginning and intermediate traders.Table of ContentsAcknowledgments xix Introduction About This Book xxi Part 1 The Foreign Exchange Markets Chapter 1 The World of FOREX 3 Introduction—What is FOREX? 3 What is a Spot Market? 4 Which Currencies Are Traded? 4 Who Trades on the Foreign Exchange? 5 How Are Currency Prices Determined? 6 When Do Currencies Trade? 8 How is Money Made in FOREX? 8 Why Trade Foreign Currencies? 9 What Tools Do I Need to Trade Currencies? 13 What Does It Cost to Trade Currencies? 13 FOREX versus Equities 14 FOREX versus Futures 14 Summary 15 Chapter 2 A Brief History of Currency Trading 17 Introduction 17 Ancient Times 17 The Gold Standard, 1816 to 1933 18 The Federal Reserve 18 Securities and Exchange Commission, 1933 to 1934 20 The Bretton Woods System, 1944 to 1973 21 The End of Bretton Woods and the Advent of Floating Exchange Rates 21 International Monetary Market 22 Into the Millennium 22 Arrival of the Euro 23 The CFTC and the NFA 25 Summary 25 Chapter 3 Five FOREX Markets 27 Introduction—Spot, Futures, Forwards, Options, Spread Betting 27 Currency Futures 29 Contract Specifications 29 Currencies Trading Volume 30 U.S. Dollar Index 30 Volume and Open Interest 31 Where to Trade Currency Futures 33 FOREX Futures 33 Summary 33 Chapter 4 Regulation: Past, Present, and Future 35 Introduction 35 Regulation in the FOREX Market 35 Regulation Past 36 Regulation Present 39 Regulation Future 43 Summary 44 Part 2 Getting Started Chapter 5 The Language of FOREX 47 Introduction 47 Currency Pairs 47 Major and Minor Currencies 48 Cross Currency 48 Exotic Currency 48 Base Currency 48 Quote Currency 49 Pips 49 Ticks 49 Margin 50 Leverage 51 Bid Price 52 Ask Price 52 Bid-Ask Spread 52 Quote Convention 52 Market Maker and ECN 53 Transaction Cost 53 Rollovers 54 Correlation 54 Summary 55 Chapter 6 FOREX by the Numbers 57 Introduction 57 Pips 58 Profit and Loss 59 Margin 60 Leverage 62 The Bid-Ask Spread 62 Profit Threshold 63 For Futures Traders 66 Summary 66 Chapter 7 A Guide to FOREX Trading Platforms 69 Introduction 69 Trading Platform Features 71 More Trading Platforms 79 Professional FX Platforms 80 Trading Platform Checklist 81 A Kid in the Candy Store 82 Summary 82 Chapter 8 Selecting a FOREX Broker 83 Introduction 83 Broker-Dealer Due Diligence 84 Demo Accounts 85 Market Maker or ECN? 86 Costs 87 Liquidity Providers 89 Customer Service 90 Trading Pair Palette 91 Financial Stability 91 Complaint and Error Resolution 92 Account Options 92 Games Brokers Play 93 Top Broker-Dealers 93 Popular Broker-Dealers 99 The Big Four Broker-Dealers 100 For the Professional and Non-U.S. Trader 101 Spread Betting 102 Fraud, Scams, and Off-Exchange 103 Broker-Dealer Checklist 103 Summary 103 Chapter 9 How to Open a FOREX Account 105 Introduction 105 The Demo Account 106 The Live Account 107 Redundancy 111 Summary 113 Chapter 10 Making the Trade 115 Introduction 115 Orders 115 Market Orders 117 Limit Orders 118 Stop Orders 118 Combination Orders 121 Specialty Orders 121 Order Placement 121 Order Execution 122 Order Confirmation 123 Open Orders 123 Open a Demo Account 124 Summary 125 Part 3 The Trader’s Arsenal Chapter 11 The FOREX Marketplace 129 Introduction 129 Portals and Forums 130 Broker-Dealer Reviews 133 Educational Resources 133 News and Calendars 135 Management Tools 136 System Development Tools 137 Data Services 140 Programming Services 142 Advisory Services 142 References, Periodicals, and Books 143 Fun Stuff 145 Summary 146 Chapter 12 Technical Analysis 147 Introduction 147 Bar Charts 148 Trendlines 151 Support and Resistance 151 Recognizing Chart Patterns 152 Reversal Patterns 152 Continuation Patterns 153 Candlestick Charts 155 Point and Figure Charts 157 Charting Caveat—Prediction versus Description 160 Indicators and Oscillators 161 Relative Strength Indicator 161 Momentum Analysis 163 Moving Averages 164 Bollinger Bands 165 Indicator Caveat—Curve-Fit Data 167 Wave and Swing Analysis 169 Cycle Analysis 170 Trading Systems 171 The Technician’s Creed 171 The Technician’s Caveat 171 Summary 172 Chapter 13 News Trading 173 Introduction 173 Fundamental Analysis 174 Fundamental Problems 174 Fundamental Factors 175 A Fundamental Discussion 181 FOREX News 186 Key News Releases 186 Reality versus Expectation 187 News Trading 187 Shockwave Analysis 189 Strategy and Tactics of News Trading 189 Summary 191 Part 4 Winning is the Name of the Game Chapter 14 Trading Spaces 195 Introduction 195 Charts, Bars, and Trading Spaces 196 Trading Profiles 199 Selecting a Trading Profile 201 The Market as a Process 202 Summary 203 Chapter 15 Setting Up Shop 205 Introduction 205 The Plan Components 206 The Trading Platform Plan 207 Pre-Trade Plan 209 Trading Session Plan 212 Pulling the Trigger 213 Post-Trade Plan 214 Summary 216 Chapter 16 A Simple System 217 Introduction 217 General Principles 218 A KIS Toolbox 219 A Simple System 220 Not So Simple 227 Pairs to Trade 228 Summary 228 Part 5 The Goodman Method of Trading Chapter 17 Goodman Wave Theory 231 Introduction 231 The Basic Market Paradigm 232 Goodman Wave Theory 234 The Basic Goodman Setup 243 Summary 244 Chapter 18 The Propagation Trade Setup 245 Introduction 245 The PTS 245 Summary 251 Chapter 19 The Dagger, the Waltz, and the Line 253 Introduction 253 The Belgian Dentist 254 Enter the Dagger 254 Waltzing the Trade 257 The Line! The Line! 264 Summary 267 Chapter 20 The Proactive Trader 269 Introduction 269 Laydowns 270 Bathtub Analysis 271 The Propagation Lens 272 Looking Inward and Outward 273 Multiple 3-C Counts 276 Stations 276 Ghost Trading 277 Sitting On Your Hands 278 Summary 279 Chapter 21 The 30-Trade Campaign Program 281 Introduction 281 Capital Allocation 282 The Tracks of Your Trades 286 Pre-Trade Checklist 286 Diagnostics 288 Characteristics of Successful Traders 291 Summary 293 Chapter 22 Goodmanisms 295 Goodmanisms 295 Summary 298 Part 6 Over the FOREX Rainbow Chapter 23 Tools for Traders 301 Introduction 301 Techniques 302 Time Studies 315 Fear and Greed, Greed and Fear 317 Summary 318 Chapter 24 Options and Exotics 321 Introduction 321 Options 322 A Primer on Options 322 Basic Options Terms 323 Options: Pros and Cons 324 The Four Basic Options Strategies 325 Purchase or Write Options? 325 Advanced Options Strategies 326 The Greeks 326 The Retail FOREX Options Landscape 327 Options or Spot FOREX? 328 Risk Management with Options 328 Exotics 330 Trading Exotics 332 Summary 332 Chapter 25 Managed FOREX 335 Introduction 335 Why Managed FOREX? 336 Pros and Cons 336 Types of Managers 337 Types of Managed Accounts 338 Trading Methods 340 Performance Analysis 342 Two Methods of Performance Analysis 345 The Due Diligence Process 346 Costs and Fees 350 Spotlight on Managers 352 Research and Resources 354 Summary 355 Chapter 26 Computer Trading 357 Introduction 357 Technical Analysis 357 Expert Advisors 358 Automated Trading, Agents, and BOTS 359 Get on My Cloud 359 High-Frequency and Ultra-High-Frequency Trading 360 Into the Future of FOREX 362 The Trend Machine 363 Grid and Pac Man Programs 364 Arbitrage 365 Pros and Cons of Arbitrage 370 Summary 371 Appendix A: List of World Currencies and Symbols 373 Appendix B: Time Zones and Global FX Trading Hours 379 Appendix C: Central Banks and Regulatory Agencies 381 Appendix D: Resources 385 Glossary 389 About the Author 403 Index 405

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Book SynopsisTailoring retirement for successful business leaders Traditional retirement planning fails to meet the needs of wealthy baby boomers, particularly those who are business leaders. There is no one size fits all answer. Wealth Regeneration at Retirement: Planning for a Lifetime of Leadership presents an alternative one that acts more like a GPS. The authors, Kaycee Krysty and Bob Moser, leaders of the highly regarded Seattle-based wealth management firm, Laird Norton Tyee, use a proprietary discipline, Wealth Regeneration, to calculate the route to retirement and beyond for those at the top. The authors challenge successful boomers to redefine retirement on their own terms. They outline a process to create a sustainable plan to achieve retirement objectives. Their years of experience in counseling CEO's and business founders through transitions is reflected throughout. For many successful boomers, the answer to the prospect of retirement has been, I'd ratheTable of ContentsAcknowledgments xi Foreword xiii Introduction: Where to Begin? xvii Could This Be You? xvii Intense? Me? Really? Yes, You xviii Now, It’s Your Turn xix Standing on the Edge of the Cliff xx PART I: REDEFINING RETIREMENT CHAPTER 1 It’s All about You (Really It Is) 3 We versus Me 3 It’s Time for It to Be All about You 4 Real Life, Real Money 5 Wealth Regeneration, What’s That? 5 Old Money 5 New Wealth 6 The Principles 7 What’s Next? 7 You Have to Sleep at Night 7 Parting Thoughts 8 CHAPTER 2 The “R” Word 9 There Are Lots of Us 10 Now What? 10 The Hero’s Farewell 11 What about Me? 12 What We’ve Learned 13 Where Do You Fit? 14 Parting Thoughts 16 CHAPTER 3 The Grab Bag of Life 17 Change Has Impact 17 Managing Change 18 The New Rules 19 Parting Thoughts 23 CHAPTER 4 It’s Not Rocket Science 25 Strategic Planning 25 Change Management 26 Financial Forecasting 27 Risk Assessment 28 Building Teams 29 Holding People Accountable 30 Meaningful Work 30 You’ve Got This Wired 31 Parting Thoughts 31 CHAPTER 5 Leading in a New Way 33 What Is Generativity? 33 Generativity Is Leadership 34 Have It Your Way 35 It’s About Regeneration 36 Parting Thoughts 36 PART II: THE WEALTH REGENERATION DISCIPLINE CHAPTER 6 The Concept of the Wheel 39 Circle to Wheel 40 Dealing with Change 42 What’s Next? 43 You Know How to Do This 43 Get It Rolling 44 A Kick in the . . . 45 Looking at What Happens 46 Profile: Tom Campion 47 CHAPTER 7 Know Where You Are 51 Defining Your Wealth 52 Lifestyle Analysis—How Much Is Enough? 58 How Sustainable Is Your Wealth? 60 Profile: Dick Pechter 61 Toolkit 63 CHAPTER 8 Know Who You Are 69 Recognizing the Crucible 69 Facing the Questions 70 Back to the Future 71 Seriously, Try This Now 71 And When You Have a Partner 71 Flow 73 So Enough Touchy-Feely Already? 74 Profile: Peter Nostrand 75 Toolkit 76 CHAPTER 9 Know Where You Want to Go 81 Embracing the Endgame 81 Getting Strategic 84 Your Purpose 85 Now for That Vision Thing 87 How Does It Look from the Top of the Mountain? 88 Profile: Bob Bunting 88 Tookit 90 CHAPTER 10 What to Do to Get There from Here 95 Keeping It Real 95 Begin at the Beginning 97 Purpose Is the Destination 97 What’s Nonnegotiable? 97 What’s Just Ahead? 99 Then, Get Going 99 What to Do If You Still Don’t Know What to Do 100 Finally, Let’s Talk about Money 101 What If the Scenarios Suggest I’m Spending Too Much Money? 102 A Word about Investment Policy 103 You Can Do This 103 Profile: Julie Weston and Gerry Morrison 104 Toolkit 105 CHAPTER 11 Rolling It Forward 109 Have a System 109 The Quick Look Check-In 111 The Sit-Down 111 Now for the Deep Dive 112 Keeping the Plan 114 Where the Rubber Most Likely Meets the Road 115 The Big Picture 115 When Stuff Happens 116 What to Share with Your Advisor 117 The Time Is Now 117 Profile: Steve Altmayer 117 CHAPTER 12 Legacy 119 There Are Challenges 120 What a Letter of Intent Looks Like 122 Seriously, This Isn’t That Hard 124 Legacy Is Generativity in Action 125 Profile: Beth Bazley 126 Toolkit 127 And in Conclusion 133 You Are in Charge 133 The Bare Essentials 133 That Being Said . . . 134 Pulling Yourself Up to the Top of the Mountain 135 Appendix 1: How to Choose a Wealth Advisor 137 Appendix 2: How to Vet a Personal Financial Forecast 145 Appendix 3: Cash Flow Management 149 Appendix 4: Wealth Regeneration Interview Format 153 Recommended Reading 155 About the Authors 157 Index 161

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Book SynopsisAn illustrated depiction of Steve Jobs' friendship with Zen Buddhist Kobun Chino Otogawa and the impact it had on Jobs' career Apple cofounder Steve Jobs (1955-2011) had such an enormous impact on so many people that his life often took on aspects of myth.Trade ReviewThe book is a pleasant read and a clever way to present one aspect of Jobs complex personality and beliefs. (Animation Magazine, March 2012)Table of ContentsChapter 1 The Zen of Steve Jobs

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Book SynopsisAnalyzing financial statements is one of the most important tools professional investors and corporate finance executives need up-to-date information on. Tackling the changing complexities in the area of financial statement analysis, the new edition addresses changes to U.S.Table of ContentsPreface xi About the Authors xiii Part One The Basics 1 Chapter 1 Introduction 3 What Is Financial Analysis? 4 Where Do We Find the Financial Information? 8 Who Gets What Type of Information and When? 10 What Does Sarbanes-Oxley Mean to Companies and Investors? 28 What Does the Dodd-Frank Act Mean for Companies and Investors? 32 Summary 34 Review 35 Chapter 2 Financial Statements 37 Accounting Principles: What Are They? 37 What Do the Basic Financial Statements Tell Us? 39 Accounting Flexibility 56 How Does Accounting in the United States Differ from Accounting Outside of the United States? 58 Summary 59 Review 60 Chapter 3 The Quality of Financial Information 63 It’s All in the Timing 65 Too Many Choices? 76 So What’s Their Business? 86 Restatements and Financial Analysis 87 Tell-Tale Signs 90 Summary 92 Review 95 Part Two Analysis of Financial Statements 99 Chapter 4 Financial Analysis 101 What Are Financial Ratios and How Do We Use Them? 102 What Are the Different Types of Financial Ratios? 105 Analysis of Return-on-Investment Ratios 122 How Can We Use Common-Size Analysis to Analyze Financial Statements? 127 Integrated Ratio Analysis 130 What Are the Pitfalls and Pratfalls of Financial Ratio Analysis? 137 Summary 143 Review 144 Chapter 5 Equity Analysis 147 Earnings 147 Price-Earnings Ratio 158 Dividends 161 Other Fundamentals 173 Book-to-Market Ratio 175 Summary 178 Review 179 Chapter 6 Cash Flow Analysis 181 Measures of Cash Flow 181 Cash Flows and the Statement of Cash Flows 184 Free Cash Flow 189 The Usefulness of Cash Flows in Financial Analysis 196 Summary 202 Review 203 Part Three Applying Financial Analysis 205 Chapter 7 Measuring Company Performance 207 Traditional Performance Measures 210 Measures of Value Added 212 Summary 237 Review 238 Chapter 8 Corporate Credit Analysis 241 Types of Credit Risk 241 Factors to Consider in Corporate Credit Analysis 252 Summary 263 Review 264 Chapter 9 Analysis of Equity Risk Using Fundamentals Factor Models 267 Measuring Risk 267 Asset Pricing Model 271 Factor Models 275 Fundamental Factor Models 276 Summary 280 Review 281 Chapter 10 The Lessons We Learn 283 The Lessons 288 The Future of Financial Analysis in the Post-Crisis Era 298 Review 299 Answers to End-of-Chapter Questions 301 Index 305

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Book SynopsisMoney-saving advice from Canada's leading consumer advocate In this book Ellen Roseman distills the financial advice she gives in her columns and blogs into 81 quick tips that all Canadians can use to help them spend sensibly, save money, and avoid costly consumer traps.Table of ContentsForeword xiby Dave Chilton Introduction xiii Part 1: Outsmarting the Banks 1 1. Get a Higher Interest Rate on Your Savings 5 2. How to Fight Back when a Bank Cuts the Interest on Your Savings 8 3. Look Beyond the Big Banks for Higher Savings Rates 11 4. How to Get Higher Savings Rates without Getting Burned 15 5. How to Trim the Bank’s Service Charges 18 6. How to Fight Back when You Miss a Discount You Deserve 21 7. Challenge Bank Fees for RRSPs and Other Registered Plans 24 8. Watch Out for Foreign Exchange Conversion Fees 27 9. Find the Best Credit Cards for Rewards and Benefits 30 10. Find the Best Credit Card if You Carry a Balance 35 11. Watch Out for Credit Card Balance Transfers 38 12. Watch Out for Expensive Credit Card Insurance 41 13. Beware of Penalties when You Break a Closed Mortgage 45 14. How a Customer Fought Back Against a Bank’s Mortgage Penalty 49 15. How to Avoid Interest Penalties when Paying Off Your Mortgage Early 52by Paul Brick 16. Why It Pays to Know Your Rights 55by Ursula Menke 17. How to Outsmart the Banks at Their Own Game 58by Matt Goulart 18. How to Get the Best Service from a Bank 60by Douglas Melville 19. How to Get the Best Service from a Bank if You Own a Business 63by Douglas Melville Part 2: Keeping Your Finances on Track 67 20. How to Check on Your Credit Report and Credit Score 71 21. How to Correct Errors on Your Credit Report 74by Ross Taylor 22. How to Fight Back when Your Credit History is a Mess 77by Ross Taylor 23. How to Make Sure Your Credit History Stays Healthy 80by Ross Taylor 24. How to Fight Back Against Bad Financial Advice 82 25. How to Make Sure You Have the Right Investments 85by Douglas Melville 26. How to Fight for Your Rights as an Investor 88by Anthony Pichelli 27. How to Recover Losses on Unsuitable Investments 90by Ken Kivenko 28. How to Fight Back Against the Canada Revenue Agency 93 29. How to Avoid Getting Penalized on Your Tax-Free Savings Account 96 30. How to Fight Back by Using the Taxpayer Bill of Rights 99by J. Paul Dubé Part 3: Taming Your Telecom Costs 103 31. How to Negotiate for Better Rates with a Telecom Supplier 105 32. How to Cut the Cost of Your Home Phone Service 108 33. How to Save Money on Your Internet Service 112 34. How to Cut the Cost of Your Cable TV Service 116 35. How to Save Money on Your Telecom Bills and Get Better Service by Bob Lepp 120 36. How to Buy a Wireless Phone without a Contract 123 37. How a Customer Fought Back Against Cancellation Fees 127 38. How to Save Money with a Prepaid Wireless Plan 130 39. Avoid Data Roaming Charges when You Travel 133 40. How a Bell Customer Fought a $10,000 Bill for Data Roaming 135 41. Watch Out for Premium Text Messages on Your Wireless Phone 137 42. How to Get the Best Value for Your Telecom Dollars 140by Kim Walker 43. How to Cut Your Telecom Costs 142by Heather Morgan and Mike Weatherbee 44. How We Helped a Household Slash Its Telecom Costs 144by Heather Morgan and Mike Weatherbee 45. How to Make Effective Telecommunications Complaints 147by John Lawford 46. How to Fight Back Against Big Telecom 152by Lindsey Pinto Part 4: Stretching Your Travel Dollars 155 47. How to Fight Back when an Airline Damages Your Luggage 159 48. How to Fight Airline Rules That Do Not Make Sense 163 49. How to Fight Back when a Cruise Line Loses Your Luggage 166 50. How to Complain to the Canadian Transportation Agency 170 51. How to Enforce Your Airline Flight Rights 173 52. How to Cross the Border with Your Travel Documents in Order 176 53. What to Do with Your Prescription Drugs when You Travel 179 54. How to Avoid Getting in Trouble when Booking Hotels Online 181 55. How to Avoid Being Denied a Refund on Unused Hotel Rooms 184 56. How to Avoid Paying Medical Bills when Crossing the Border 186 57. How to Choose Trip Cancellation and Trip Interruption Insurance 189 58. How to Fight Back when Your Trip Cancellation Claim is Denied 192 59. How to Avoid Losing the Travel Reward Points You Collected 194 60. How to Fight Back Against a Car Rental Company’s Damage Claim 198 Part 5: Fighting Back Against Poor Retail Service 201 61. How to Fight Back when a Store Refuses to Give a Refund 205 62. How to Get Your Money Back when You Pay with Your Credit Card 209 63. How to Return a Purchase That You Make Online 213 64. How to Avoid Getting into Trouble with Online Purchases 216 65. How to Fight Back Against Online Fraud 218by David Malamed 66. How to Fight Back when You Find a Pricing Error 220 67. How to Fight Back Against Automatic Renewals 223 68. How to Avoid Losing Money on a Gym Membership 226by Nicholas Ross 69. How to Decide on Getting an Extended Warranty 229 Part 6: Protecting Your Big-Dollar Purchases of Cars and Houses 233 70. How to Fight Back when Your Car Does Not Work Properly 237by Stephen Moody 71. How to Fight Back Against Car Leasing Charges 241by Neil Rau 72. How Not to Get Stung when Buying a Newly Built Home 245by Dr. Karen Somerville 73. How to Fight Back in a Phony Real Estate Bidding War 248by Mark Weisleder 74. How to Resolve Issues with Your Energy Utility 250by Paul Green 75. How to Fight Back Against Rogue Movers 253 Part 7: Using Your Communication Skills and The Courts 257 76. How to Write the Perfect Complaint Letter 261by Christopher Elliott 77. How to Create a Circle of Eyes on a Company You Want to Fight 263by Franke James 78. How to Be Patient, Persistent and Prepared 267by Ted Whipp 79. How to Use Twitter to Put Pressure on a Business 270by Scott A.E. Smith 80. How to Deal with a Lawyer if You Have a Consumer Problem 272by Orie H. Niedzviecki 81. How to Fight Back in Small Claims Court 275 Index 281

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Book SynopsisEssential guidance for companies to examine and improve their fraud programs Corporate governance legislation has become increasingly concerned with the ongoing resilience of organizations and, particularly, with their ability to resist corporate fraud from the lowest levels to the upper echelons of executive management. It has become unacceptable for those responsible for corporate governance to claim, I didn''t know. Corporate Fraud and Internal Control focuses on the appropriateness of the design of the system of internal controls in fraud risk mitigation, as well as the mechanisms to ensure effective implementation and monitoring on an ongoing basis. Applicable for a wide variety of environments, including governmental, financial, manufacturing and e-business sectors Includes case studies from the United States, Europe, and Africa Follows the standards laid down by the Association of Certified Fraud Examiners, the internationally recTable of ContentsPreface xi Chapter 1: Nature of Fraud 1 Fraud and Irregularities: Definitions and Concepts 2 Cost of Fraud 10 Notes 15 Chapter 2: Elements of the Crimes of Theft and Fraud 17 Document Fraud 20 Corroborating Documents 22 Procurement Fraud 22 Bribery and Corruption 26 Industrial Espionage 28 Check Fraud and Money Laundering 30 Notes 32 Chapter 3: Frauds Against the Individual 33 Online Auction Fraud 34 Consumer Frauds 35 Telephone Frauds 37 Charity Frauds 38 Misrepresentation of Material Facts 39 Concealment of Material Facts 40 Advance fees (4-1-9) Frauds 41 “Middleman” Frauds 42 Bait and Switch 43 Larceny 44 Extortion 45 Counterfeit Goods and Intellectual Property 45 Affinity Frauds 46 Pyramid Schemes 47 Ponzi Schemes 48 Career Opportunities 49 Cash Recovery Frauds 51 Chapter 4: Frauds Against the Organization 53 Bankruptcy Fraud 54 Check Fraud 54 Obtaining Fraudulent Loans 54 Unsolicited Orders 57 Embezzlement 58 Bribery 60 Corruption 60 Conflicts of Interest 61 Breach of Fiduciary Duty 62 Theft of Trade Secrets 63 False Claims 65 False Conveyancing 69 Tunneling 70 Conspiracy 72 Lapping 72 Kiting 73 Fraudulent Affiliations 74 Counterfeit Money 74 Benefit Frauds 75 Insurance Fraud 76 Payment Card Frauds 80 Pension Frauds 81 Tax Fraud 83 Insider Trading and Market Abuse 84 Click Fraud 84 Counterfeit Goods and Intellectual Property 86 Procurement Fraud 87 Notes 88 Chapter 5: Fighting Corruption 91 Bribery in Contracts 93 Red Flags at Enron and WorldCom 104 Nepotism and Favoritism 104 Abuse of Authority 108 Developing an Overall Anticorruption Culture 109 Notes 110 Chapter 6: Role of Ethics in Fighting Fraud 113 How Moral Decisions Are Made 114 Nature and Role of Ethics 115 Managing Ethical Risk 121 Reporting of Fraud 124 Notes 128 Chapter 7: Controlling Fraud 129 Corporate Governance and Fraud Prevention 130 Audit Committee’s Role in Fighting Fraud 136 Internal Control and the Prevention of Fraud 143 Fighting Shrinkage 156 Internal Audit Role 157 Notes 166 Chapter 8: Fraud Risk Management 169 Establishing the Corporate Fraud Risk Profile 170 Cascarino Cube 175 Roles of the Internal, External, and Forensic Auditor 178 Whistleblowing in Detecting Fraud 183 Note 186 Chapter 9: Investigating Fraud 187 Red Flags and Indicators of Fraud 188 Corporate Fraud Indicators 193 Conducting an Investigation 203 Tools and Techniques 207 Use of the Polygraph 217 Documenting the Investigative Process 219 Evidence Analysis 219 Investigative Errors 219 After the Event 221 Establishing an Investigations Function 221 Tracing and Recovering Assets 222 Notes 226 Chapter 10: Computer Fraud and Countermeasures 227 Mainframe Architectures 230 Mainframe Communications 233 Control of Servers 234 WAN Communications 236 Workstation Security 236 Mobile Computing and the Internet 238 Cloud Computing 241 Computer and Information Fraud 243 Monitoring Tools 247 Preventing E-Commerce Fraud 249 E-commerce Control Opportunities 254 E-payments 255 Internal Control Best Practices 255 Newer Fraud Schemes 256 Protecting Digital Assets 257 Foiling the Hackers 259 Investigating Computer Fraud 260 Computer Law 271 Note 273 Chapter 11: Legal Issues Surrounding Fraud 275 Impact of a Constitution 277 Fraud and the Laws of Evidence 277 Asset Recovery 279 Labor Legislation and Fraud 282 Note 284 Chapter 12: Industry-Related Fraud Opportunities 285 Banking Fraud 286 Money Laundering 304 Health Care Fraud 307 Insurance Fraud 313 Tax Fraud 319 Social Security Fraud 325 Fraud after Death 327 Construction Fraud 328 Notes 332 Appendix A: Audit Committee Charter 335 Appendix B: Corporate Fraud Policy 339 Appendix C: Whistleblowing Policy 343 Appendix D: Fraud Prevention Checklist 347 Appendix E: Fraud Risk Questionnaire Sample 351 Appendix F: Fraud Risk Analysis 357 Appendix G: Fraud CAATs 361 Glossary 371 About the Author 377 About the Web Site 379 Index 381

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Book SynopsisAn inside look at what makes a successful financial services company Irv Rothman may not have considered a career in the financial services early on, but he ended up in leadership positions at AT&T, Compaq and, for over a decade, Hewlett-Packard. His consistent record of success and insider perspective make him the perfect guide to the art of building and growing a financial services company, and in Out-Executing the Competition he shares his remarkable story and years of experience, giving readers a glimpse into his numerous accomplishments and providing takeaways they can apply to their own companies, whatever the industry. An engaging and lively account of Rothman''s career focusing on his work at financial services companies during some of the most economically challenging periods of the past thirty years, the book explores the methods and tactics he used to help his companies not only weather financial uncertainty, but to thrive. Tells the stoTable of ContentsPreface ix Chapter 1: Craziest Idea I’ve Ever Heard—Let’s Do It! 1 Chapter 2: Proud Son of Bayonne 13 Chapter 3: School Days, School Days . . . 29 Chapter 4: Baghdad by the Bay 41 Chapter 5: The AT&T Rollercoaster 55 Chapter 6: It’s Got to Be about the Customer 71 Chapter 7: A Seat at the Head of the Table 83 Chapter 8: One Company, Worldwide 101 Chapter 9: Global Recessions: A Survivor’s Manual 113 Chapter 10: We’re Gonna Go for What’s Behind Door Number Three 127 Chapter 11: Around the World in 180 Days 137 Chapter 12: Getting Your Fingernails Dirty 153 Chapter 13: Transforming Your Business 161 Chapter 14: Communicating the Message 171 Chapter 15: Charisma Bypass? Leadership and the High-Performing Team 183 Chapter 16: To There, From Here 199 About the Author 203 Index 205

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Book SynopsisThe mathematical and statistical tools needed in the rapidly growing quantitative finance field With the rapid growth in quantitative finance, practitioners must achieve a high level of proficiency in math and statistics. Mathematical Methods and Statistical Tools for Finance, part of the Frank J.Table of ContentsPreface xi About the Authors xvii CHAPTER 1 Basic Concepts: Sets, Functions, and Variables 1 Introduction 2 Sets and Set Operations 2 Distances and Quantities 6 Functions 10 Variables 10 Key Points 11 CHAPTER 2 Differential Calculus 13 Introduction 14 Limits 15 Continuity 17 Total Variation 19 The Notion of Differentiation 19 Commonly Used Rules for Computing Derivatives 21 Higher-Order Derivatives 26 Taylor Series Expansion 34 Calculus in More Than One Variable 40 Key Points 41 CHAPTER 3 Integral Calculus 43 Introduction 44 Riemann Integrals 44 Lebesgue-Stieltjes Integrals 47 Indefinite and Improper Integrals 48 The Fundamental Theorem of Calculus 51 Integral Transforms 52 Calculus in More Than One Variable 57 Key Points 57 CHAPTER 4 Matrix Algebra 59 Introduction 60 Vectors and Matrices Defined 61 Square Matrices 63 Determinants 66 Systems of Linear Equations 68 Linear Independence and Rank 69 Hankel Matrix 70 Vector and Matrix Operations 72 Finance Application 78 Eigenvalues and Eigenvectors 81 Diagonalization and Similarity 82 Singular Value Decomposition 83 Key Points 83 CHAPTER 5 Probability: Basic Concepts 85 Introduction 86 Representing Uncertainty with Mathematics 87 Probability in a Nutshell 89 Outcomes and Events 91 Probability 92 Measure 93 Random Variables 93 Integrals 94 Distributions and Distribution Functions 96 Random Vectors 97 Stochastic Processes 100 Probabilistic Representation of Financial Markets 102 Information Structures 103 Filtration 104 Key Points 106 CHAPTER 6 Probability: Random Variables and Expectations 107 Introduction 109 Conditional Probability and Conditional Expectation 110 Moments and Correlation 112 Copula Functions 114 Sequences of Random Variables 116 Independent and Identically Distributed Sequences 117 Sum of Variables 118 Gaussian Variables 120 Appproximating the Tails of a Probability Distribution: Cornish-Fisher Expansion and Hermite Polynomials 123 The Regression Function 129 Fat Tails and Stable Laws 131 Key Points 144 CHAPTER 7 Optimization 147 Introduction 148 Maxima and Minima 149 Lagrange Multipliers 151 Numerical Algorithms 156 Calculus of Variations and Optimal Control Theory 161 Stochastic Programming 163 Application to Bond Portfolio: Liability-Funding Strategies 164 Key Points 178 CHAPTER 8 Difference Equations 181 Introduction 182 The Lag Operator L 183 Homogeneous Difference Equations 183 Recursive Calculation of Values of Difference Equations 192 Nonhomogeneous Difference Equations 195 Systems of Linear Difference Equations 201 Systems of Homogeneous Linear Difference Equations 202 Key Points 209 CHAPTER 9 Differential Equations 211 Introduction 212 Differential Equations Defined 213 Ordinary Differential Equations 213 Systems of Ordinary Differential Equations 216 Closed-Form Solutions of Ordinary Differential Equations 218 Numerical Solutions of Ordinary Differential Equations 222 Nonlinear Dynamics and Chaos 228 Partial Differential Equations 231 Key Points 237 CHAPTER 10 Stochastic Integrals 239 Introduction 240 The Intuition behind Stochastic Integrals 243 Brownian Motion Defined 248 Properties of Brownian Motion 254 Stochastic Integrals Defined 255 Some Properties of Itoˆ Stochastic Integrals 259 Martingale Measures and the Girsanov Theorem 260 Key Points 266 CHAPTER 11 Stochastic Differential Equations 267 Introduction 268 The Intuition behind Stochastic Differential Equations 269 Itoˆ Processes 272 Stochastic Differential Equations 273 Generalization to Several Dimensions 276 Solution of Stochastic Differential Equations 278 Derivation of Itoˆ ’s Lemma 282 Derivation of the Black-Scholes Option Pricing Formula 284 Key Points 291 Index 293

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Book SynopsisThoroughly revised and updated with essential material related to the C/4 actuarial exam, this invaluable new edition maintains an approach to modeling and forecasting utilizing tools related to risk theory, loss distributions, and survival models.Table of ContentsIntroduction--A Model-Based Approach to Actuarial Science. Loss Distributions--Models for the Amount of a Single Payment. Frequency Distributions--Models for the Number of Payments. Aggregate Loss Models. Credibility Theory. Long-Term Models. Appendices. References. Index.

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Book SynopsisThe value-at-risk measurement methodology is a widely-used tool in financial market risk management. The fifth edition of Professor Moorad Choudhry's benchmark reference text An Introduction to Value-at-Risk offers an accessible and reader-friendly look at the concept of VaR and its different estimation methods, and is aimed specifically at newcomers to the market or those unfamiliar with modern risk management practices. The author capitalises on his experience in the financial markets to present this concise yet in-depth coverage of VaR, set in the context of risk management as a whole. Topics covered include: Defining value-at-risk Variance-covariance methodology Portfolio VaR Credit risk and credit VaR Stressed VaR Critique and VaR during crisis Topics are illustrated with Bloomberg screens, worked examples and exercises. Related issues such as statistics, volatility and correlation are also inTable of ContentsForeword xv Preface xvii Preface to the first edition xxi About the author xxiii 1 INTRODUCTION TO RISK 1 Defining risk 2 The elements of risk: characterising risk 3 Forms of market risk 4 Other risks 5 Risk estimation 6 Risk management 7 The risk management function 7 Managing risk 9 Quantitative measurement of risk–reward 9 Standard deviation 10 Sharpe Ratio 10 Van Ratio 11 2 VOLATILITY AND CORRELATION 13 Statistical concepts 14 Arithmetic mean 14 Probability distributions 16 Confidence intervals 18 Volatility 20 The normal distribution and VaR 26 Correlation 28 3 VALUE-AT-RISK 29 What is VaR? 30 Definition 30 Methodology 32 Centralised database 32 Correlation assumptions 33 Correlation method 33 Historical simulation method 34 Monte Carlo simulation method 35 Validity of the volatility-correlation VaR estimate 35 How to calculate VaR 35 Historical method 36 Simulation method 37 Variance–covariance, analytic or parametric method 37 Mapping 44 Confidence intervals 47 Comparison between methods 48 Choosing between methods 48 Comparison with the historical approach 53 Comparing VaR calculation for different methodologies 54 Summary 56 4 VALUE-AT-RISK FOR FIXED INTEREST INSTRUMENTS 59 Fixed income products 60 Bond valuation 60 Duration 62 Modified duration 64 Convexity 64 Interest rate products 65 Forward rate agreements 65 Fixed income portfolio 68 Applying VaR for a FRA 70 VaR for an interest rate swap 72 Applying VaR for a bond futures contract 76 Calculation illustration 76 The historical method 79 Simulation methodology 80 Volatility over time 81 Application 81 Bloomberg screens 82 5 OPTIONS: RISK AND VALUE-AT-RISK 85 Option valuation using the Black–Scholes model 86 Option pricing 86 Volatility 88 The Greeks 89 Delta 90 Gamma 90 Vega 91 Other Greeks 92 Risk measurement 92 Spot ladder 93 Maturity ladder 93 Across-time ladder 93 Jump risk 93 Applying VaR for Options 94 6 MONTE CARLO SIMULATION AND VALUE-AT-RISK 99 Introduction: Monte Carlo simulation 100 Option value under Monte Carlo 100 Monte Carlo distribution 103 Monte Carlo simulation and VaR 104 7 REGULATORY ISSUES AND STRESS-TESTING 107 Capital adequacy 108 Model compliance 108 CAD II 109 Specific risk 111 Back-testing 112 Stress-testing 112 Simulating stress 113 Stress-testing in practice 114 Issues in stress-testing 115 The crash and Basel III 116 Stressed VaR 116 8 CREDIT RISK AND CREDIT VALUE-AT-RISK 119 Types of credit risk 120 Credit spread risk 120 Credit default risk 121 Credit ratings 121 Credit ratings 121 Ratings changes over time 123 Corporate recovery rates 125 Credit derivatives 126 Measuring risk for a CDS contract 128 Modelling credit risk 129 Time horizon 131 Data inputs 131 CreditMetrics 131 Methodology 132 Time horizon 133 Calculating the credit VaR 134 CreditRiskþ 137 Applications of credit VaR 142 Prioritising risk-reducing actions 142 Standard credit limit setting 143 Concentration limits 144 Integrating the credit risk and market risk functions 144 9 A REVIEW OF VALUE-AT-RISK 147 VaR in Crisis 149 Weaknesses Revealed 151 Market risk 151 Credit risk 153 Portfolio effects 155 New Regulation and Development 158 Procyclicality: stressed VaR (SVaR) 158 Default and migration risks: incremental risk charge (IRC) 159 Liquidity risks: differing liquidity horizons 161 Counterparty risks: CVA VaR 162 Fat tail risk: over-buffering 164 New framework for trading book 164 Beyond the Current Paradigm 166 Exercises 171 Appendix: Taylor’s Expansion 179 Abbreviations 183 Selected bibliography 185 Index 187

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Book SynopsisThe easy-to-use, do-it-yourself desk accounting and auditing research database FASB''s online GAAP Codification system. The convergence of U.S. GAAP and International Financial Reporting Standards. EDGAR filing and research system. RIA Checkpoint and CCH. Accounting professionals and practitioners need to understand these research databases to reach solutions and achieve maximum results for the organization. Highlighting each pertinent database, Accounting and Auditing Research Databases shows you how to conduct research using a host of databases including RIA, CCH, AICPA''s Online Library, FASB Codification, GARS, and eIFRS. Highlights each specific database Step-by-step guidance to research resources Explains how to conduct research using databases including AICPA''s Online Library, FASB Codification, and eIFRS Enables you to understand accounting and auditing research to reach solutions Accounting and Auditing ReseaTable of ContentsPreface xiii Acknowledgments xv Chapter 1 An Introduction to Applied Professional Research 1 What Is Research? 2 Research Questions 4 The Nature of Professional Research 7 Critical Thinking and Effective Communication 9 The Economic Consequences of Standard Setting 14 The Role of Research in the Accounting Firm 15 Remaining Current in Knowledge and Skills 27 International Complexities in Practice 29 Summary 29 Notes 30 Appendix: Abbreviations Commonly Used in Citations 31 Chapter 2 The Environment of U.S. Research—the SEC and the FASB 37 The Accounting Environment 37 SEC Accounting for Public Companies 38 American Institute of Certified Public Accountants (AICPA) 47 U.S. Generally Accepted Accounting Principles (U.S. GAAP) 49 The Financial Accounting Standards Board, Advisory Boards, and the Emerging Issue Task Force 52 The Levels of U.S. GAAP and FASB Accounting Standards Codification 61 Locating U.S. GAAP 65 The FASB Accounting Standards Codification Research System (the Codification) 65 Codification Access 66 Navigating the Codification 68 The Research Process 73 Email, Print, and Copy/Paste Functions 81 Summary 85 Notes 85 Chapter 3 The Environment of International Research 87 The International Accounting Environment 87 Other Regional and National Standard-Setting Bodies and Organizations In fluencing IFRS 94 IASB Authorities 95 The IASB’s Conceptual Framework 101 IFRS Funding, Regulation, and Enforcement 103 International Financial Reporting Standards (IFRS) Research 106 Summary 119 Notes 120 Chapter 4 Other Research Databases and Tools 121 Governmental Accounting Sources (FASAB and GASB) 121 Other Databases for Accounting Authorities 127 Researching Industries and Companies 131 Industry Research 133 Major Databases 135 Researching Corporate News 149 Research Tools 154 Research Strategies 156 Summary 157 Appendix 1: Checklist for Industry Research 158 Appendix 2: Checklist for Company Research 159 Appendix 3: Websites 160 Chapter 5 Tax Research for Compliance and Tax Planning 163 Tax Research Databases 164 The Internal Revenue Code 170 Treasury Regulations 172 Other Administrative Authorities 174 Judicial Sources 180 Original Jurisdiction Courts 183 Steps in Conducting Tax Research 185 The Tax Research Environment 196 Regulation of Tax Professionals 211 Summary 212 Notes 213 Appendix: Selected Tax Websites 213 Chapter 6 Assurance/Auditing Research 215 Introduction 215 Assurance Services 216 Consulting Services and Standards 217 Auditing Standard-Setting Environment 218 Auditing Standard-Setting Process 228 AICPA Code of Professional Conduct 231 Auditing Standards in the Public Sector 236 Compilation and Review Services 238 Role of Judgment in Accounting and Auditing 239 Economic Consequences 240 Summary 241 Notes 241 About the Authors 243 Index 247

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Book SynopsisA unique new approach to trading based on financial analysis and financial astrology Timing Solutions for Swing Traders: Successful Trading Using Technical Analysis and Financial Astrology is a remarkable new book that introduces a revolutionary approach to non-day trading that combines the four basic dimensions of trend analysisprice patterns, volume, price momentum, and price moving averageswith a little financial astrology. Focusing on the essentials of technical analysis, the book is filled with examples of reliable indicators and formulas that traders can use to help develop their own styles of trading, specially tailored to their individual needs and interests. Filled with real-life market examples to help you understand how to use the matrix of moving averages, how to apply different sets of time frame moving averages to form a trading decision, and how to determine the intermediate state of the market using the Queuing Theory (QMAC)which dissects the inTable of ContentsForeword by Ananda Bhaumik ix Preface xi Disclaimer xiv CHAPTER 1 Be Prepared 1 Fundamental and Technical Analysis 2 Conclusion 8 CHAPTER 2 Let’s Get Started 9 Patterns 10 Volume 12 Price Momentum 13 Price and Moving Averages 14 Combining the Four Dimensions 17 Beyond Technical Analysis 18 Financial Astrology 18 Keeping Count 24 Conclusion 26 CHAPTER 3 Essential Patterns 29 Open 30 High 30 Low 31 Close 32 Candlestick Patterns 32 Divergence Patterns 35 Diagonal Patterns 38 Patterns Continued 40 “M” and “W” Patterns 41 Head and Shoulders Patterns 42 Rectangle Patterns 45 Saucer Patterns 47 AB=CD Patterns 48 Gaps 51 Conclusion 54 CHAPTER 4 Elliott Waves 55 Wave 1 56 Wave 2 58 Wave 3 58 Wave 4 59 Wave 5 59 Extended Waves 59 Three-Wave Structures 60 Corrective 3-3-5 Patterns 63 Corrective 5-3-5 Patterns 66 Rule of Alternation 71 Fibonacci Retracement and Projection 71 Application of Elliott Wave Analysis 75 Conclusion 77 Appendix: Ratios and Wave Relationship 80 CHAPTER 5 Volume 81 Basic Volume Plots 82 Reading Volume 83 Money-Flow Indicator 86 Deciphering Trend with Volume 87 Conclusion 88 CHAPTER 6 Key Indicators 91 Momentum Oscillator 93 Queuing Theory of Moving Average Crossovers (QMAC) 96 MACD 105 Average Direction Index 107 Protective Stops 108 Conclusion 109 CHAPTER 7 Applied Systems 113 Catching That Trend 114 Built-In Color Trend Indicator 115 Supporting Moving Averages 117 Trade on Daily Signals 120 Trading with Ichimoku 126 Conclusion 128 CHAPTER 8 Formulating Your Trading Plan 131 Determining Your Time Frame 131 Selecting Stocks 132 Risk Management 133 Determine Entry Points 133 Determine Exit Strategies 134 Reality Check 134 CHAPTER 9 Financial Astrology 137 Using Lunar Cycles in Trading 137 How to Pick Winning Stocks 141 Choosing the Best Periods for Trading 151 Market Projection 163 Conclusion 169 APPENDIX 1 Ruling Planets of the Natural Horoscope 171 APPENDIX 2 Effects of Various Aspects 173 APPENDIX 3 Characteristics of the Twelve Zodiac Signs 175 APPENDIX 4 Formulas in MetaStock Format 177 Momentum Timing Oscillator as Used in Figure 2.3 177 Volume Zone Oscillator as Referred to in Figure 2.10 and Figure 5.8 178 Volume Ratio Compressed Indicator as Referred to in Figure 5.3 178 Moving Average Line with Upper and Lower Mirror Lines as Referred to in Figure 7.8 179 Mid-Term Period Moving Average Lines as R eferred to in Figure 2.5 179 Glossary 181 Astrological Terms 183 Bibliography 185 Suggested Reading 185 Astrological Books 185 Charting Software Programs 186 Astrology Software Programs 186 Financial Astrology Software Programs 186 Other Resources 186 About the Authors 187 Index 189

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Book SynopsisNoted technical analyst John Person outlines a comprehensive method to pinpointing today''s best trading opportunities The economy and stock market are heavily influenced by seasonal factors. For example, a strong holiday buying season tends to be bullish for retail stocks or rising energy costs hurt airline profitability. Awareness of seasonal trends in both the economy and stock market can put you in a better position to profit from sectors and stocks that are likely to outperform the overall market. And technical tools can then be used to confirm emerging trends and time entries into these stocks and sectors. Mastering the Stock Marketprovides authoritative insights into a method for trading stocks based on seasonal trends, sector analysis, and market timing. Taking a top-down approach, the book explains how seasonal supply/demand forces impact commodities and different sectors of the stock market. After learning how to identify stock market sectors and commTable of ContentsForeword x Introduction xi Chapter 1: Stock Indexes and Sectors 1 Stock-Picking Quandary 4 Exchange-Traded Funds 6 The Options Market 14 Why Use Seasonal Analysis? 18 Chapter 2: Seasonal analysis 21 Pondering the Perks 25 Not All ETFs Are Measured Equally 30 Conclusion 58 Chapter 3: Sentiment analysis 59 The AAII Sentiment Survey 60 COT Data 61 Insider Trading Information 62 COT Data Components 63 Can Traders Benefit and Make Money from This Information? 64 How Can This Information Possibly Be of Any Help to Us? 68 Compelling Evidence 75 Conclusion: COT Option Strategy 76 Chapter 4: Comparative relative Strength 79 What Is It Used For? 79 Creating the Charts 80 Spread Terminology 87 Automating Signals 95 Comparing Market Performance 99 Conclusion 102 Chapter 5: Breadth Studies 105 Trend-Line Analysis 107 Bearish Divergence Signals 114 Bullish Convergence Signals 119 Support and Resistance 121 Indicators and Moving Averages 125 Conclusion 135 Chapter 6: Volume Analysis 137 Hindsight Is 20/20 145 Current Event Analysis 148 Individual Stocks 149 Bearish Divergence 152 Bullish Convergence 154 Selling Climax 155 Exhaustion Tops 156 Trading Patterns 157 Volume and High-Frequency Traders 161 Volume Weighted Average Price 162 Chapter 7: Patterns, Indicators, and Oscillators 165 Candlesticks 166 The Doji 168 Reversal Patterns 169 Continuation Patterns 180 Conclusion: Indicator 101 201 Chapter 8: Scanning for Profits 203 Scanning the Universe 204 Trade Navigator 204 High- and Low-Close Doji Scans 206 Daily Scan Signals 208 Tradestation 212 Conclusion 227 Chapter 9: Pivot Point Analysis 233 Stock Trader’s Time Frame 238 Person’s Pivots Calculations 248 Fibonacci Combined with Pivot Points 262 Summary 263 Chapter 10: Putting It All Together 265 Position Sizing, Trade Entry Techniques, Risk Management, Trailing Stops, and Trade Management Calculating Position Size 267 Profit Targets 269 Stock Replacement Option Strategy 271 Day-Trading Position Sizing 271 Average True Range 272 Twice Baked 275 Order Entry Using PPS 276 Snap-Back Technique 276 Order Types 277 Stop Selection 279 The Exit 281 Expectations 282 Discipline 282 About the Author 285 Index 287

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Book SynopsisTop options expert Larry Shover returns to discuss how to interpret, and profit from, market volatility Trading Options in Turbulent Markets, Second Edition skillfully explains the intricacies of options volatility and shows you how to use options to cope, and profit from, market turbulence. Throughout this new edition, options expert Larry Shover reveals how to use historical volatility to predict future volatility for a security and addresses how you can utilize that knowledge to make better trading decisions. Along the way, he also defines the so-called Greeksdelta, vega, theta, and gammaand explains what drives their values and their relationship to historic and implied volatility. Shover then provides effective strategies for trading options contracts in uncertain times, addressing the decision-making process and how to trade objectively in the face of unpredictable and irrational market moves. Includes a new chapter of the VIX, more advanced

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Book SynopsisEfficient, compliant management systems pave the road to sustainability through integration and automation The book addresses the many definitions of sustainability and why CEOs need the links between sustainability, business value, and performance. Business leaders are committed to leading the way, and the book outlines the support of a management system structure and business principles that will drive the accomplishment of their mission. Stakeholder demands on CEOs include many challenges. Investors are assessing companies for financial performance. The shrinking talent pool of employees is looking to work with organizations that support social, environment, and economic operating practices and principles. Great leaders are those that ask questions, who are creative to drive innovation for growth of their company. The Assess-Reflect-Act section on international business principles defined in the book will ask you as the leader thought provoking questions to stimulaTable of ContentsPreface xi Acknowledgments xv PART I BUSINESS SUSTAINABILITY 1 Chapter 1 CEO Study on Sustainability 3 Refocus of Business Leaders—Top Priorities 4 Link between Sustainability and Business Value 4 United Nations Global Compact: The Ten Principles—Understanding Their Scope of Sustainability 4 Seven Steps to Sustainability 5 CEOs on Sustainability 6 Quantify Business Value for Sustainability 11 Factors Driving CEOs on Sustainability 12 Notes 12 Chapter 2 Sustainability in Developing Countries—Innovation 13 DevXchange 13 Children of the Dump Project 14 Helping People Help People 14 Moringa Tree Known as “Miracle Tree” for Sustainability 16 Notes 17 Chapter 3 Sustainability in the Banking Community 19 International Finance Corporation—IFC Financing in Emerging Markets 19 Sustainable Finance Awards 21 HSBC Global Connections 21 Suncor’s Challenge—“What Yes Can Do”—Our Voice 22 Notes 25 Chapter 4 International Institute for Sustainable Development 27 Drivers Pushing Business to Corporate Responsibility 27 Global Reporting Initiative 28 Corporate Responsibility Reporting 29 Lessons from the Leaders 29 Notes 32 Chapter 5 Defining Business Sustainability 33 Definitions of Sustainability 34 Taking the Next Step to Business Success 36 Ready for the Coming Age of Abundance 38 Business Challenges: Management of Business Knowledge 41 Notes 43 PART II PRINCIPLES FOR DRIVING BUSINESS SUCCESS 45 Chapter 6 Principles for Quality Management Systems 49 Customer Focus 50 Leadership 56 Involvement of People 61 Process Approach 65 System Approach to Management 70 Continual Improvement 73 Factual Approach to Decision Making 78 Mutually Beneficial Supplier Relationship 81 Notes 85 Chapter 7 Principles for Environmental Management Systems 87 Industry Leaders Improving Our World 88 Environmental Management 90 Leadership 90 Continual Improvement—Prevention of Pollution 101 System Approach to Management 106 Compliance with Legal and Other Requirements 110 Performance Evaluation 114 Management of Resources 118 Operational Control 125 Emergency Preparedness 131 Notes 135 Chapter 8 Principles for Occupational Health and Safety Management Systems 137 Leadership 143 Continual Improvement 150 System Approach to Management 155 Compliance with Legal and Other Requirements 159 Performance Evaluation 164 Management of Resources 169 Operational Control 173 Emergency Preparedness and Response 178 Notes 185 Chapter 9 Integrated Principles for a Sustainable Business Management System 187 PART III INTEGRATED MANAGEMENT SYSTEM IMPLEMENTATION: THREE STEPS 193 Chapter 10 International Management Systems 197 North America Lags Behind 198 Business Benefits: Business Structure for Success 200 Assess, Reflect, Act: Driving Sustainability to Business Success 203 Notes 203 Chapter 11 Management Systems 205 Business Plans vs. Management Systems Meeting ISO Standards 205 Where Is the Weak Link in Your Management System? 206 Why Use Management Systems Meeting International Standards? 207 Management System Framework—Generic 210 Management System Standardization—Annex SL 211 Integrated Management Systems 212 Integrated Management System Standard—PAS 99:2006 214 Chapter 12 Step One: Identify 215 Understanding the Organization 215 Management System Planning 219 Leadership and Commitment 223 Good to Great 242 Notes 244 Chapter 13 Step Two: Insure 245 Implementation of Plans 245 Support—Resources 247 Operation 278 Notes 302 Chapter 14 Step Three: Improve 303 Performance Evaluation 304 Monitor, Measure, Analyze, and Evaluate 305 Control of Nonconforming Product or Service 310 Analysis of Information 310 Internal Audit 313 Management Review 315 Improvement 317 Chapter 15 Conclusion 321 Competitive Landscape 321 As a Leader 322 Pilot Project—Management System Makeover™ 323 About the Author— M. Jayne Pilot 325 Index 329

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Book SynopsisA detailed guide to the new era of IPO investing Typically generating a great deal of interest, excitement, and volatility, initial public offerings (IPOs) offer investors and traders with opportunities for both short-term and long-term profits. In the Third Edition of High-Profit IPO Strategies, IPO expert Tom Taulli explains all facets of IPO investing and trading, with a particular emphasis on the industries that are fueling the next generation of IPOs, from social networking and cloud computing to mobile technology. In the past year alone, many of these types of IPOs have provided enormous opportunities for nimble traders as prices have fluctuated widely for several months following the offering. This new edition reflects the new IPO environment and presents you with the insights needed to excel in such a dynamic arena. Discusses more sophisticated IPO trading strategies, explores the intricacies of the IPO process, and examines the impo

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Book SynopsisAn innovative investment approach that takes the actions of the U.S.Table of ContentsAcknowledgments xi Introduction 1 Our Damaged Economy 2 Congress’s Role in Wealth Destruction 8 Summary 9 Notes 10 CHAPTER 1 What Is the Congressional Effect? 13 How Was the Congressional Effect Discovered? 14 Early Returns Showing the Congressional Effect 19 The Smoot-Hawley Act: The Mother of All Congressional Effects 23 The Congressional Effect Data and Launching a Mutual Fund 24 Summary 26 Notes 26 CHAPTER 2 The Congressional Effect and the Limits of Modern Portfolio Theory 27 How MPT Has Been Used by Financial Advisers 30 Formulas Distort Valuation if Inputs Are Not Free Market Inputs 33 What Caused the Crash of 1987? 36 The Magnitude of the Crash of 1987 Refutes MPT 38 MPT Assumes All Daily Pricing Is Random, but the Congressional Effect Shows It Is Not 39 Summary 41 Notes 42 CHAPTER 3 Congressmen as Issues Entrepreneurs 43 The Time-Money-Vote Continuum: Congress as a Business 44 Congressmen as Traders and Real Estate Entrepreneurs: Making Money Outside Their Day Gig 54 Summary 57 Notes 58 CHAPTER 4 Behavioral Finance, the Stock Market, and Congressional Dysfunction 59 Overview of Behavioral Finance Concepts 60 Survey of Behavioral Finance Concepts 61 Congress’s Approach to Behavioral Finance 67 Summary 78 Notes 78 CHAPTER 5 If Congress Is Malfunction Junction, What’s Its Function? 81 Economic Lifeblood: Investment Capital Formation, the Stock Market, and Congress 81 Dodd-Frank Overview 90 Health Care Reform 95 Burning Coal and Other Energy Investors 103 Summary 110 Notes 110 CHAPTER 6 Where Will Washington Strike Next? 113 Where You Can Find Information 114 How to Leverage This Glut of Information 123 Summary 124 Notes 125 CHAPTER 7 Sidestepping Congress’s Wealth Destruction with a Macro Approach 127 11,832 Data Points Support the Congressional Effect Theory 128 Congress and the Tragedy of the Commons 130 Adam Smith, Call Your Office! 131 Summary 136 Notes 136 CHAPTER 8 Are Democrats or Republicans Better for Your Portfolio? 139 Who Gets the Credit for the Bull Market in 1980? 140 Unified Government Favors Nominal Returns 142 Split Government Favors Real Returns 145 Republican Congress vs. Democratic Congress 146 Filibuster-Proof Majorities Hurt Returns 147 Summary 148 Notes 149 CHAPTER 9 Leverging the Election Cycle 151 The Presidential Cycle and Real Returns 152 The 2012 Election and Beyond 156 Notes 157 CHAPTER 10 Are Lame Ducks, Impeachments, Resignations, Vetoes, and Litigated Elections Good for the Market? 159 President Bill Clinton 161 President Andrew Johnson 165 Resignations 167 Lame Duck Sessions 167 Litigated Elections 168 Vetoes 170 Summary 171 Notes 171 CHAPTER 11 More Ways to Dodge Congress’s Stray Bullets 173 Value Funds: Longer Time Horizons than Congress or the Somali Pirates 174 Gold Funds: Avoiding Congressional Debasement 177 Beyond Congress: International Funds 179 Reducing Global Security Risk 181 Summary 182 Notes 183 CHAPTER 12 ‘‘That Government Is Best that Governs Least’’ 185 Prognosis: Increasingly Partisan Politics Is Not Good for the Market 185 Conflicting Government Mandates Promote Market Instability 189 The Cumulative Effect of Unintended Consequences Is Congressional Wealth Destruction 191 Congress’s Dysfunctionality and the 2012 Election 193 What Happens When Congress Does Not Know the Price? 195 Congress Needs to Attract the Best Talent 197 In Conclusion 198 Notes 199 About the Author 201 Index 203

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Book SynopsisGet practical insights on the psychology of white-collar criminalsand how to outsmart them Understand how the psychologies of fraudsters and their victims interact as well as what makes auditors/investigators/regulators let down their guard. Learn about the psychology of fraud victims, including boards of directors and senior management, and what makes them want to believe fraudsters, and therefore making them particularly vulnerable to deception. Just as IT experts gave us computer forensics, we now have a uniquely qualified team immersed in psychology, sociology, psychiatry as well as accounting and auditing, introducing the emerging field of behavioral forensics to address the phenomenon of fraud. Ever wonder what makes a white-collar criminal tick? Why does she or he do what they do? For the first time ever, see the mind of the fraudster laid bare, including their sometimes twisted rationalizations; think like a crook to catch a crook! The A.B.C.''s of BehaviorTable of ContentsForeword xv Preface xvii Acknowledgments xxiii Introduction 1 The Human Factor 2 Trust Violation and Its Consequences 4 This Book’s Approach: The A.B.C.’s of Behavioral Forensics 4 An Interdisciplinary Approach 6 Part I When Fraud Is Committed 9 Chapter 1 Fraud Is Everywhere 13 The Pervasiveness of Fraud 14 On Making (Up) the Numbers 16 A Slippery Slope 19 From Slippery Slope to Broken Windows 21 Fraud Is a Human Act 23 Conclusion 24 Chapter 2 The Sins of Quantification and Other Mind-Set Impediments 27 The Danger of Numbers 29 Data Analysis Is Not Enough 31 Hard Numbers versus Reality 33 Conclusion 37 Chapter 3 Beyond the Fraud Triangle: Toward an Outline of A.B.C. Theory 41 The Relevance of Behavioral Approaches 41 Understanding White-Collar Crime 43 The Fraud Triangle and Other Theories of Causation 45 A.B.C. Theory: A New Fraud Taxonomy 49 Conclusion 53 Part II The Foundations of Behavioral Forensics: Why Good People Do Bad Things 55 Chapter 4 Beyond the Fraud Triangle and into the Mind: The Building Blocks of Behavioral Forensics— Understanding How the Basics of Human Behavior Tie into Fraud 59 Deception Is a Natural Phenomenon 59 The Mind and the Fraud Triangle 60 Emotions: The Power behind Psychological Defenses 67 Affect’s Two Ties to Fraud: Motivation and Communication 73 Conclusion 76 Chapter 5 “Said the Spider to the Fly . . .”: The Predator-Prey Dance— Putting Behavioral Science Fundamentals into Motion 81 Emotions, Unconscious, Defenses—Oh My! 82 Relationships: Where Fraud Is Set in Motion 82 The Relationship as an End in Itself: Bernie Madoff 87 Lance Armstrong and His Accomplices 91 Where Is the Humility? 93 The Power of Shame 94 Good to Evil: How a Hardwired Emotion Is Ignored and Manipulated 99 When Shame Is Maladaptive at Work 104 False Pride: With the Threat of Shame Comes Hubris 107 The Predator Bullies the Professionals 108 The Role of Mental Illness 111 Conclusion 116 Chapter 6 The Accidental Fraudster (Bad Apple): When the Apple Turns and Honesty Reverses Course 121 Committing the Crime 121 Beyond Greed 122 Exploiting a Weakness: A Motivational Theory of the Accidental Fraudster (Bad Apple) 123 New Insights in Behavioral Forensics 127 Disregarding Risk: The Thrill of Being Close to, but Not in, Danger 133 Why Now? Understanding Life-Span Issues in Fraud Reversals 137 Lessons from Executives and Managers on the Couch 139 Conclusion 139 Chapter 7 The Bad Bushel and Beyond: Seeing the Larger Context of the C-Suite 143 Luck and Effort Distinguish Senior Executives 144 Life as an Executive: Excitement, Vigilance, and Caution 147 Trouble in the C-Suite: Overwhelmed, Overpaid, and Overconfident—Narcissism and Beyond 148 The Individual and the Group: Bad Bushels Arise 153 The Science of Persuasion 158 Conclusion 161 Part III A Call to Action 165 Chapter 8 Managing the Ecology of Fraud: What You Can Do on Monday Morning 171 The Financial Markets: The Moral Foundations of Capitalism 172 Helping Senior Executives to Stay on the Right Side of the Line 176 Piercing the Rationalizations 177 Emotional Manipulation 179 On Lies and Misrepresentation 181 The Operational Fraud Triangle 183 What You Can Do Monday Morning 185 Recognizing Tipping Points (of the Mind) 188 Conclusion 191 Chapter 9 The Future of Behavioral Forensics: Developing Psychological Awareness to Complement Financial Fraud Suspicions 195 Fraud: A Global Scourge 196 Fraud Is Not a Problem with an Easy Answer 197 A Psychological Autopsy of Fraud 207 The Future of Behavioral Forensics 209 Afterword 213 Appendix A The Psychology and Sociology of Fraud: Integrating the Behavioral Sciences Component into Fraud and Forensic Accounting Curricula 217 Appendix B Chapter Supplements 231 Bibliography 247 About the Authors 255 Index 261

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Book SynopsisBalakrishnan's Managerial Accounting 2nd edition presents accounting information in the context of a unifying problem-solving framework that shows students the why behind the what and how.Table of ContentsMODULE I: INTRODUCTION AND FRAMEWORK CHAPTER 1: ACCOUNTING: INFORMATION FOR DECISION MAKING CHAPTER 2: IDENTIFYING AND ESTIMATING COSTS AND BENEFITS CHAPTER 3: COST FLOWS AND COST TERMINOLOGY MODULE II: SHORT-TERM PLANNING AND CONTROL: MAXIMIZING CONTRIBUTION CHAPTER 4: TECHNIQUES FOR ESTIMATING FIXED AND VARIABLE COSTS CHAPTER 5: COST-VOLUME-PROFIT ANALYSIS CHAPTER 6: DECISION MAKING IN THE SHORT TERM CHAPTER 7: OPERATING BUDGETS: BRIDGING PLANNING AND CONTROL CHAPTER 8: BUDGETARY CONTROL AND VARIANCE ANALYSIS MODULE III: LONG-TERM PLANNING AND CONTROL: MAXIMIZING PROFIT CHAPTER 9: COST ALLOCATIONS CHAPTER 10: ACTIVITY-BASED COSTING & MANAGEMENT CHAPTER 11: CAPITAL BUDGETING CHAPTER 12: PERFORMANCE EVALUATION IN DECENTRALIZED ORGANIZATIONS CHAPTER 13: STRATEGIC PLANNING AND CONTROL MODULE IV: COST ACCOUNTING SYSTEMS CHAPTER 14: JOB-COSTING SYSTEMS CHAPTER 15: PROCESS-COSTING SYSTEMS CHAPTER 16: REFINING SYSTEMS: SUPPORT ACTIVITY AND DUAL-RATE ALLOCATIONS

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Book SynopsisA plain English approach to successful forex, filled with proven money-making strategies The foreign exchange (forex) market is the most actively traded market in the world, with hundreds of billions of dollars exchanged every day.Table of ContentsPreface xi Acknowledgments xix Part One Forex Is a Game 1 Chapter 1 How to Play the Game 3 The Forex Game 3 Forex and the Seven Majors 5 Leverage 11 Summary 14 Chapter 2 How Money Is Made in the Game 15 Buy Low, Sell High 15 Three Points in Every Trade 17 Bid/Ask Spread 23 What Causes the Price of Currencies to Fluctuate? 25 Fraction Theory 30 Reading the Charts 31 Market Structure 37 Summary 48 Chapter 3 The Six Major Players 51 Central Banks 51 Commercial and Investment Banks 58 Multinational Corporations 62 Institutional Traders 68 Retail Forex Brokers 69 Retail Traders 70 Summary 70 Chapter 4 Why You Must Play the Game 73 Top 17 Reasons to Trade Forex 73 Summary 84 Chapter 5 Play It Your Way: Understanding Your Profile 87 The Experiment 88 Five Categories of Forex Traders 92 Your Perfect Strategy 98 Summary 107 Part Two Strategies to Win the Game 109 Includes details on the FXPRIMUS 100% bonus trading credit Chapter 6 Strategies for Scalpers 111 Strategy 1: Rapid-Fire Strategy 111 Strategy 2: Piranha Strategy 118 Chapter 7 Strategies for Day Traders 125 Strategy 3: Fade the Break 126 Strategy 4: Trade the Break 131 Trading the News 138 Strategy 5: Gawk the Talk 143 Strategy 6: Balk the Talk 148 Chapter 8 Strategies for Swing Traders 155 Strategy 7: Trend Rider 155 Strategy 8: Trend Bouncer 163 Strategy 9: Fifth Element 169 Strategy 10: Power Ranger 177 Strategy 11: The Pendulum 185 Chapter 9 Strategies for Position Traders 191 Strategy 12: Swap and Fly 192 Strategy 13: Commodity Correlation (Part 1) 199 Strategy 13: Commodity Correlation (Part 2) 204 Strategy 14: Siamese Twins 210 Chapter 10 Strategies for Mechanical Traders 217 Strategy 15: Guppy Burst 217 Strategy 16: English Breakfast Tea 223 Strategy 17: Good Morning Asia 228 Chapter 11 Conclusion 235 Bibliography 239 About the Author 241 About the Website 243 Plus FXPRIMUS 100% bonus trading credit Index 245

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Book SynopsisAn investing story that provides insights into dealing with your money and finding financial security Making the right investment decisions and executing an effective financial plan can be difficult, especially in today's markets. But with the right guidance you can achieve this goal. Now, in The Story of Rich, leading wealth manager John David J.D. Joyce shows you how. Based on his real-world experiences with investors throughout his successful career, this book offers meaningful advice about financial planning and investing. Designed for those with significant assets who are nearing or recently retired, as well as individuals who have recently come into new money through business or inheritance,The Story of Rich skillfully explains financial planning and investing through a fable of a man who sells a business he's worked so hard to build, and now finds himself with more money then he's ever had to deal with. Along the way, this book teacheTable of ContentsForeword ix Preface xvii Acknowledgments xxi Chapter 1: Meet the Vivas 1 Chapter 2: Investment Plan 13 Chapter 3: Goals, Planning, and National Parks 27 Chapter 4: Goals and Objectives 39 Chapter 5: Risk Tolerance 53 Chapter 6: Asset Allocation and Meritage 67 Chapter 7: Mechanics of Investing and Winemaking 79 Chapter 8: The Marathon Runner and Time Horizon 95 Chapter 9: Cash Flow 111 Chapter 10: Trusted Advisor 125 Chapter 11: News versus Noise 135 Chapter 12: Family Dynamics 149 Chapter 13: Estate Planning 159 Epilogue 171 About the Authors 185 Index 187

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Book SynopsisWASHINGTON POST Bestseller List 3/30/14Solid solutions and step-by-step instructions for planning the next stage of your life Life after 50 isn't what it used to be. The rules have changed. No more guaranteed pensions, retiree health plans, or extensive leisure and travel. It's time to forge new paths and create innovative models. That's where the AARP Roadmap for the Rest of Your Life comes in. Bart Astor, author of more than a dozen books, offers a comprehensive guide for making lifestyle decisions, growing your nest egg, and realizing your goals. This AARP book Provides guidance on the key areas you'll need to consider: finances and work, health and fitness, Medicare and Social Security, estate planning, insurance, housing, and more Offers expert tips on creating age- and health-specific goals through a personal Level of Activity scale based on how active you can and want to be Includes tips for finding fun anTable of ContentsForeword ix Introduction xiii Chapter 1 Where Are You on the Level of Activity Scale? 1 Chapter 2 What Are Your Goals for This Stage in Life? 9 Chapter 3 Staying Healthy for the Rest of Your Life 21 Chapter 4 All About Health Insurance 51 Chapter 5 Making It Last for the Rest of Your Life 71 Chapter 6 Transitioning from Full-Time Work 95 Chapter 7 What Do You Want to Do with the Rest of Your Life? 107 Chapter 8 Transitioning What You Own 131 Chapter 9 Have “the Talk” with Your Heirs 147 Chapter 10 Home Sweet Home 161 Chapter 11 Relationships with Family and Friends 179 Afterword 199 Acknowledgments 201 About the Author 203 Index 205

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Book SynopsisThe first comprehensive guide to trading a unique class of options to manage risk and make smarter bets during volatile trading Providing savvy market players with a way to react quickly to event-driven opportunities and trends, exchange traded binary options are a unique type of derivative instrument offering fixed risk and reward. Available on four asset classesstock index futures, commodity futures, Spot Forex and economic data releasesthey are distinctly different from regular put/call options in that their pay-out structure offers only two potential outcomes, or settlement values: 0 or 100. The first guide focussing exclusively on this fast-growing sector of the options market, Trading Binary Options examines the key differences between regular options trading and binary options trading and describes how binary trading is done. It also gives you the lowdown on the most successful binary trading strategies and how and when they should be deployed. OutTable of ContentsForeword xi Preface xiii Acknowledgments xvii Part I Introduction to Binary Options 1 Chapter 1 What are Binary Options? 3 On What Asset Classes Are Binary Options Available? 3 Binary Options vs. CBOE (Vanilla) Put/Call Options 10 Advantages/Disadvantages of Binary Options 13 Reasons to Trade Binary Options 14 Part II Binary Options theory 17 Chapter 2 What Does Binary Mean? 19 Components to a Binary Option 20 Long Trading 22 Short Trading 24 Chapter 3 Pricing 29 Strike Price 29 Time Value 30 Price as a Natural Market Consensus 32 Reading a Binary Option Chain 35 Part III Trading Binary Options 41 Chapter 4 Binary Options Contract Collateral 43 Margin and Debit Risk of Vanilla Options and Futures 43 Collateral Explained 44 Binary Options Expiration Values 44 Collateralizing a Long Trade 45 Collateralizing a Short Binary Options Trade 50 The Mechanics of a Binary Options Short Trade 50 Chapter 5 Settlement 59 Settlement on Binary Option Long Trades 59 Commissions and Fees 73 Chapter 6 Entering and Exiting Binary Option Trades 75 Reading Quotes 75 Reading an Order Ticket 76 Exiting Trades 78 Exiting Your Trade before Expiration 81 Chapter 7 Keys to Trading Binary Options and More Examples 95 Gold Binary Examples 96 Copper Binary Examples 99 Part IV Binary Options Trading Strategies 105 Chapter 8 Volatility Trading Explained 107 Taking a Volatility Long Position (Buying Volatility) 108 Regulating Success Probability and Payout with Strike Prices 111 Taking a Volatility Short Position (Selling Volatility) 113 Regulating Range and Payout with Strike Prices 116 Max Loss, Collateral, and Max Profit Summary Table 120 Chapter 9 Binary Option Behavior as Expiration Approaches 123 Understanding Delta 123 Delta and Price 127 Chapter 10 Technical Trading Strategies with Binary Options 129 Support and Resistance 130 Breakout Trading 135 Chapter 11 Fundamental Trading Strategies with Binary Options 139 News Releases 139 Political Events 144 Speculating on Actual News Releases 147 Economic Data Releases that You Can Speculate On 149 Part V Creating Your Binary Options Strategy 153 Chapter 12 Systems with Binary Options 155 Finding Your Edge 155 Proper Trading System Development 156 Back-Testing Binary Options Strategies 158 Three Back-Testing Rules 162 Chapter 13 Negative Emotions 165 Greed and Fear 166 How to Handle Negative Emotions 166 Find the Right System for You 168 Practical Steps to Mitigate the Negative Emotions 175 Chapter 14 Risk Management 183 The Process 184 Determining Position Size 185 Risk Management on Option Spreads 190 Relationship between Position Size and Trading Psychology 199 Handling Unexpected Market Volatility 199 Benefits of Binary Options on Trading Psychology 202 Discipline of Expiration 206 Part VI Managing Your Binary Options Account 209 Chapter 15 Proactive System Improvement 211 System Cutoffs 212 Drawdown 212 Consecutive Losing Trades 215 Reinvestment Rate 216 Diversification and Account Distribution 220 Intersystem Diversification 220 Account Breakdown 221 Part VII Profiting with Volatility 223 Chapter 16 The Volatility Short Trading Rules 225 Premium Collection 226 Rule 1: Cut Off Your Losing Trades 231 Rule 2: Collect Enough Premium 234 Rule 3: Sell Far Enough Away from Market Price 240 Rule 4: Use Underlying Instruments that Revert to the Mean 242 Rule 5: Sell Options with Proper Duration until Expiration 244 Rule 6: Perform Additional Analysis in Order to Get a Feel for Market Direction 246 Rule 7: Attempt to Make Your Market 255 Conclusion 256 Glossary 259 Index 263

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Book SynopsisA proven approach to trading success based on the best commodity trading advisors Profiting from long-term trends is the most common path to success for traders. The challenge is recognizing the emergence of a trend and determining where to enter and exit the market.Table of ContentsForeword ix Preface xiii Introduction My Journey as a Trend Follower 1 Chapter 1 Get a Savvy Start 9 Can You Really Make a Living as a Trend Follower? Chapter 2 Getting the Most Out of This Method 25 Chapter 3 Why Trend Following? 35 Chapter 4 How Successful Trend Followers Trade 49 Chapter 5 Managing the Risks when Trend Following 81 Chapter 6 Your Complete Robust Trading Plan 95 Chapter 7 Trend Breakouts 107 Chapter 8 Trend Retracements 121 Chapter 9 The Trend Follower Mindset 137 Chapter 10 My Trading Journal 161 Conclusion 193 Disclosure 195 Index 197

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