Finance and the finance industry Books

Book SynopsisThis handbook offers a unique and original collection of analytical studies in Islamic economics and finance, and constitutes a humble addition to the literature on new economic thinking and global finance. The growing risks stemming from higher debt, slower growth, and limited room for policy maneuver raise concerns about the ability and propensity of modern economies to find effective solutions to chronic problems. It is important to understand the structural roots of inherent imbalance, persistence-in-error patterns, policy and governance failures, as well as moral and ethical failures. 　　　　 Admittedly, finance and economics have their own failures, with abstract theory bearing little relation with the real economy, uncertainties and vicissitudes of economic life. Economic research has certainly become more empirical despite, or perhaps because of, the lack of guidance from theory. The analytics of Islamic economics and finance may not differ from standard frameworks, methods, and techniques used in conventional economics, but may offer new perspectives on the making of financial crises, nature of credit cycles, roots of financial system instability, and determinants of income disparities. 　　　 The focus is placed on the logical coherence of Islamic economics and finance, properties of Islamic capital markets, workings of Islamic banking, pricing of Islamic financial instruments, and limits of debt financing, fiscal stimulus and conventional monetary policies, inter alia. Readers with investment, regulatory, and academic interests will find the body of analytical evidence to span many areas of economic inquiry, refuting thereby the false argument that given its religious tenets, Islamic economics is intrinsically narrative, descriptive and not amenable to testable implications. Thus, the handbook may contribute toward a redefinition of a dismal science in search for an elusive balance between rationality, ethics and morality, and toward a remodeling of economies based on risk sharing and prosperity for all humanity

Read more less

Book SynopsisAs of early 2022, seven of the ten largest firms in the world by market capitalization had been funded through various types of entrepreneurial finance. This handbook provides an up-to-date survey of what we know about this significant phenomenon in all its forms, and where our knowledge about it needs to head from here. The handbook embraces a wide range of established and emerging academic and practitioner voices across the globe to explore the theoretical and practical flux and tension in the field. Until recently, most studies have taken a supply side perspective, focusing on the perspective of those who provide funding to new ventures. This book takes a different, demand side perspective, beginning with the entrepreneur and gradually broadening our view to include close by and then more distant funding sources. Following this approach, it is organized into four parts detailing the individual level (founders’ resources, bricolage and bootstrapping, effectuation and portfolio entrepreneurship); the inner circle (informal financing, business groups, incubators and accelerators); the wider world (formal debt, microfinance, venture capital, corporate venture capital, business angels, government funding and family offices); and emerging perspectives (non-Western perspectives, gender, indigenous perspectives, post-conflict and disaster zones and ethics). The introduction considers the general state of the field, while the conclusion takes on additional topics relevant to entrepreneurial finance, such as decentralized finance, big data, behavioral economics, financial innovation and COVID-19, as well as possible ways in which entrepreneurial finance can have a greater impact on other disciplines. This handbook will be a core reference work for researchers, practitioners, and policy makers seeking an up-to-date academic survey of entrepreneurial finance. It can also be used as a primary text in Ph.D. seminars in entrepreneurship, entrepreneurial finance, and finance. Instructors in Master’s level courses in entrepreneurial finance and venture capital will also find the book of benefit.

Read more less

Book SynopsisTrade and Receivable Finance provides the definitive practical guide to the evaluation and mitigation of risk and the financing of international trade.This authoritative manual is built upon more than 42 years of experience in the trade and receivables finance market and carries the endorsement of The London Institute of Banking and Finance.The contents are comprehensive incorporating clause examples, specimen documents, financier checklists and diagrams.The traditional method of commercial lending assessment places primary importance on the ability of the borrower to repay the financier. However, this form of evaluation often results in insufficient credit appetite to release the required level of financial support for a company involved in cross border trade.When a trade-related proposition is properly evaluated so that the transactional risks are fully understood and mitigated to an acceptable level, and the source of repayment is identifiable and considered reliable, a well-structured trade and receivables finance facility reduces the risk of default when compared to conventional lending products and can generate additional credit appetite. This book will become a constant ‘go-to’ companion for transaction banking teams, bank relationship managers, specialist client-facing trade and invoice finance specialists, middle and back office trade advisory personnel, credit analysts, alternative market financiers, export development agencies and credit insurers. The techniques described in this book are applied to an extensive range of international trade scenarios inThe Trade and Receivables Finance Companion: A Collection of Case Studies and Solutions (Palgrave, 2020).Table of Contents1 IntroductionPart I Trade2 Trade Credit3 The Trade Cycle4 Commercial Terms5 Transport and ControlPart II Credit Risk6 Credit Risk7 Evaluating the Client8 Trade Loans9 SecurityPart III Trade Products10 Collections11 Bank Aval12 Letters of Credit13 Special Types of Letters of Credit14 Standby Letters of Credit15 Demand Bank GuaranteesPart IV The GoodsPart IV The Goods 33116 Nature of Goods17 Payables Finance18 Warehouse FinancePart V The Receivable19 Sales Invoice and Debt Instruments20 Evaluating the End-Buyer21 Credit Insurance22 Performance Risk23 Receivables Finance24 Invoice FinancePart VI The Proposition25 The Credit Facility Application

Read more less

Book SynopsisOptimal Mean Reversion Trading: Mathematical Analysis and Practical Applications provides a systematic study to the practical problem of optimal trading in the presence of mean-reverting price dynamics. It is self-contained and organized in its presentation, and provides rigorous mathematical analysis as well as computational methods for trading ETFs, options, futures on commodities or volatility indices, and credit risk derivatives.This book offers a unique financial engineering approach that combines novel analytical methodologies and applications to a wide array of real-world examples. It extracts the mathematical problems from various trading approaches and scenarios, but also addresses the practical aspects of trading problems, such as model estimation, risk premium, risk constraints, and transaction costs. The explanations in the book are detailed enough to capture the interest of the curious student or researcher, and complete enough to give the necessary background material for further exploration into the subject and related literature.This book will be a useful tool for anyone interested in financial engineering, particularly algorithmic trading and commodity trading, and would like to understand the mathematically optimal strategies in different market environments.

Read more less

Book Synopsis Economists broadly define financial asset price bubbles as episodes in which prices rise with notable rapidity and depart from historically established asset valuation multiples and relationships. Financial economists have for decades attempted to study and interpret bubbles through the prisms of rational expectations, efficient markets, equilibrium, arbitrage, and capital asset pricing models, but they have not made much if any progress toward a consistent and reliable theory that explains how and why bubbles (and crashes) evolve and are defined, measured, and compared. This book develops a new and different approach that is based on the central notion that bubbles and crashes reflect urgent short-side rationing, which means that, as such extreme conditions unfold, considerations of quantities owned or not owned begin to displace considerations of price.Table of ContentsPart I- Background1. Introduction2. Bubble Stories3. Crash Stories 4. Money and Credit FeaturesPart II- Theories Past5. Random Walks6. Rationality Rules7. Behavioral BeatsPart III- Theories Present and Future8. Bubble Dynamics9. Behavioral Risk Features10. Estimating and ForecastingPart IV- Round Up11. Financial Asset Bubble Theory

Read more less

Book SynopsisHotels and Resorts: An investor''s guide presents a comprehensive analysis of how hotels, golf courses, spas serviced apartments, gyms and health clubs and resorts are developed, operate and are valued. Drawing on over 18 years' experience in the leisure property industry, David Harper provides invaluable advice on how to buy, develop and sell such properties. Working through the required due diligence process for purchases, including how to identify a good buy, through the route map for a successful development and ending with how to ensure you maximise your returns when selling the asset, this book covers the whole life-cycle of leisure property ownership.Examples of valuations, development issues and sales processes are taken from the USA, UK, France, Nigeria, Kenya, Australia, Hong Kong, Singapore and Brazil provide in depth analysis on the similarities and differences in approach to hotels and resorts in various parts of the world. ThTrade Review"… a go-to source at any stage of the investment’s lifecycle to deliver business models that optimize assets and align with owner expectations." —Forum HOTel&SPA, December 2016Table of ContentsSection 11. The Investment Lifecycle2. Ownership Guide3. Buying Guide4. Development Guide5. Construction Guide6. The Disposal GuideSection 27. Methods of Valuation8. Due Diligence9. Financial Due Diligence – Understanding the Business10. Valuation Due DiligenceSection 311. Rental Valuations12. Site Values and How they are Determined13. Serviced Apartment Values and how they are Determined14. Resorts with Fractional Ownership Units and how their Value is Determined15. Gym Values and How they are Determined16. Golf Course Values and How They Are Determined17. Spa Values and How they are Determined

Read more less

Book SynopsisSimon Smiles was a Group Managing Director at UBS and the Chief Investment Officer for Ultra High Net Worth Clients, where he established and ran the wealth management sustainable and impact investing teams. An IIF Future Leader, WEF Young Global Leader and member of the Milken Institute's Young Leaders Circle, he appeared regularly in global financial media speaking about sustainability and investments. Before moving to Zurich, he worked in Sydney and Hong Kong and earned a PhD in economics from the Australian National University. James Purcell is the Group Head of Sustainable Frameworks at Credit Suisse. He and his team coordinate the firm's approach to sustainable investing and lending. Previously, he was the Group Head of Sustainable, Thematic and Impact Investing at Quintet Private Bank, a privately held bank operating out of 50 cities across Europe. Earlier in his career he was a managing director at UBS, where he spent more than a decade in roles based in London, HTrade Review"A thoughtful and visionary book authored by two of the most established leaders in sustainable investing. It is insightful and inspiring while witty and entertaining. A must-read!" * Mirjam Staub-Bisang, Country Manager, BlackRock Switzerland *"A compelling read for those interested in sustainable investing and how it can be implemented in practice." * Axel A. Weber, Former President, Deutsche Bundesbank *"A refreshing change from theoretical papers. The authors are seasoned practitioners." * Mark Haefele, Chief Investment Officer, UBS Global Wealth Management *Table of Contents Chapter - 00: Introduction; Chapter - 01: What is sustainable investing?; Chapter - 02: Sustainable data and ESG ratings; Chapter - 03: Sustainable public equity markets; Chapter - 04: Sustainable public debt markets; Chapter - 05: Sustainable private markets; Chapter - 06: Themes and the United Nations Sustainable Development Goals; Chapter - 07: Sustainable multi-asset portfolios; Chapter - 08: Conclusion;

Read more less

Book SynopsisPer Wimmer is equally known as a global financier, philanthropist, adventurer and explorer. Today, Per owns and runs his own investment bank, Wimmer Financial, which he founded in 2007. He has also supported numerous charities financially with a particular view to inspiring children to live out their dreams. His penchant for exploration and adventure has taken him to 85 countries, a world landspeed record attempt, crossing the USA on a Harley-Davidson motorbike, living with the Indians of the Amazon Forest, skydiving over Mount Everest - and soon to be the first Dane private citizen to fly into space via Richard Branson's Virgin Galactic. This is the first volume in the autobiography of a person who a commentator described as "a true Indiana Jones meets 007 James Bond". Per Wimmer's life story is far from ordinary and very much driven by the desire to push boundaries. This first volume covers Per's formative years, his growing fascination for adventure, travel and space, and the growth of his career in international finance, culminating in the founding of Wimmer Financial.

Read more less

Book SynopsisTrade Review"Finalist for the PROSE Award in Reference Works – Social Sciences, Association of American Publishers"

Read more less

Book Synopsis

Read more less

Book SynopsisMastering Bitcoin is your guide through the seemingly complex world of Bitcoin, providing the knowledge you need to participate in the internet of money. Whether you're building the next killer app, investing in a startup, or simply curious about the technology, this revised and expanded third edition provides essential detail to get you started.

Read more less

Book SynopsisWe find ourselves at a crossroads.We all know that true wealth is about far more than money. Wealth is friends, family, health, a vocation, command of your time, leisure, and whatever else is important to you.And yet, we are all guilty of acting as if money alone is wealth and an end in itself.How do we navigate this crossroads to find the right balance between monetary wealth and true, soulful wealth?Our guide is Daniel Crosby – author of the behavioral finance smash hits The Laws of Wealth and The Behavioral Investor.In The Soul of Wealth, Daniel presents 50 short essays which explore what wealth really is and provides practical suggestions for how to change your thinking and your actions in small, powerful ways, for a wealthier life.We learn:- How you spend your money reveals your values.- That money can buy happiness if spent well.- What makes a good financial plan.- Why willpower is o

Read more less

Book SynopsisFinance For Non-Financial Managers In A Week is a simple and straightforward training course in finance, giving you everything you need to know in just seven short chapters. From the profit statement and the balance sheet through to costing and budgets, it will help you deal confidently with questions such as ''What is the return on investment?'', ''Do we have the resources?'' and ''What are the cash implications?'' You''ll also find exercises to help you put it all into action.This book introduces you to the main themes and ideas finance and accounting, giving you a basic knowledge and understanding of the key concepts, together with practical and thought-provoking exercises. Whether you choose to read it in a week or in a single sitting, Finance For Non-Financial Managers In A Week is your fastest route to success:- Sunday: An introduction to the profit statement- Monday: An introduction to the balance sheet- Tuesday: Understanding published aTable of Contents : Sunday: Learn how profit statements are constructed in order to understand exactly why there has been a profit or loss. : Monday: Understand the concept of a balance sheet so that you know the net worth of the business and how assets and liabilities are summarised. : Tuesday: Study what must be disclosed in published accounts so that you can obtain key information about almost any company. : Wednesday: Explore the fascinating field of accounting ratios and investment decisions so that you can use them effectively. : Thursday: Find out just why cash and the management of working capital is so important so that you can manage it and not run out of it. : Friday: Master key principles of the often misunderstood tool of costing so that you are more able to price goods and services realistically. : Saturday: Understand how budgets are constructed so that you can prepare them and use them.

Read more less

Book SynopsisWritten by the best-selling author of Python for Finance, Yves Hilpisch, this new book explains financial, mathematical, and Python programming concepts in an integrative manner so that the interdisciplinary concepts reinforce each other.

Read more less

Book Synopsis

Read more less

Book SynopsisArturo Cifuentes and Ventura Charlin provide an expert guide to the methods, risks, and rewards of investing in art. They detail how to apply the financial and statistical tools and techniques used to evaluate more traditional investments such as stocks, bonds, and real estate to art markets.Trade ReviewThis is a magnificent book. Original, deep and detailed. It is a must read for anyone interested in understanding the intersection between markets and art. -- Sebastian Edwards, Henry Ford II Distinguished Professor of International Economics, Anderson Graduate School of Management, UCLAIn The Worth of Art, two sophisticated quantitative analysts demonstrate the value of applying the powerful tools of financial economics to a wide range of issues involving art markets. Arturo Cifuentes and Ventura Charlin have written a genuinely innovative book. Their careful exposition of statistical techniques will be required reading for participants in art markets, and their conclusions will be of interest to anyone who enjoys thinking systematically about art and what makes it valuable. -- David W. Galenson, University of ChicagoThe authors have presented a compelling way to value art, drawing on tools used in financial markets and adjusting for the idiosyncrasies of the asset class. This work, which advances an understanding of investing in art, should be welcomed by both the art world and the financial community as it deftly straddles both spheres. -- Timothy Goodell, international bankerAs art continues to be accepted as a bankable asset class unto its own, any investor looking to enter this complex marketplace should be armed with the necessary quantitative tools to complement any qualitative analysis. This book is a “must have” guide for any serious art investor—new or seasoned—looking to navigate the often rocky terrain of the art market. -- Judd Grossman, founder and managing partner, Grossman LLPThis book will help demystify the art buying process for novice and expert art collectors alike. The tools provided for financial analysis will give readers a better framework to make educated collecting decisions and buy with their head as well as their heart. -- Amelia Manderscheid, Vice President and Senior Director for Post-War & Contemporary Art, BonhamsThe Worth of Art is full of thought-provoking research and intriguing observations that provide a novel—and revelatory—lens on the world of art. Cifuentes and Charlin are invaluable guides to the complexities and intricacies of the art market. -- Bianca Bosker, author of Cork Dork: A Wine-Fueled Adventure Among the Obsessive Sommeliers, Big Bottle Hunters, and Rogue Scientists Who Taught Me to Live for TasteIlluminating and riveting. The Worth of Art is indispensable for anyone making an initial foray into art as a vehicle for building wealth. Its techniques and insights will also be new to many seasoned art investors. * CFA Institute’s Enterprising Investor *Selected as one of Martin S. Fridson's 3 favorite reads of 2023 * Shepherd *Two decades ago, Arturo Cifuentes, a Chilean financier, used his quantitative skills to parse financial derivatives with great effect: long before 2008, he warned that a financial crisis loomed (influencing my own journalism). Now, however, Cifuentes has another mission: he is redeploying his skills to analyse art, exploring issues such as the relative return and risk profile of Jean-Michel Basquiat’s paintings. (Complex calculations in his co-authored book The Worth of Art suggest that Basquiat not only outperforms US equities, but also works by Renoir and Matisse.)… At art fairs, financialisation remains a dirty word. But if this trend drives more money into the art world, those artists should have reason to raise a glass to it. As Cifuentes says, even algorithms can create beauty. * Gillian Tett, Financial Times *Essential reading for collectors, investors, and dealers -- as well as members of the art community. * Midwest Book Review *Table of ContentsPrefaceGlossaryPart I. Understanding the Art MarketsIntroduction1. Estimating Returns in the Art Market2. Simple Comparisons to Uncover Interesting Trends3. Price and Color in Paintings4. Art Market IndicesPart II. Investment Strategies5. Portfolio Management Strategies6. Art-Secured Lending7. Auction Guarantees8. The Market for Collectibles9. Art, Data, and Finance: A Few Speculations About the FutureAppendix for PoetsIndex

Read more less

Book SynopsisTable of ContentsForeword by Alexander Green xiii Preface xvii Chapter 1 Why Dividend Stocks? 1 “Y’all Must’ve Forgot” 5 Marc Lichtenfeld’s Authentic Italian Trattoria 8 The Numbers 9 Keeping Up with Inflation 12 The 10-11-12 System 14 Summary 16 Notes 16 Chapter 2 What Is a Perpetual Dividend Raiser? 19 Dividend Aristocrats 20 The Index 21 The Champions 23 Junior Aristocrats 26 Survivorship 29 Summary 30 Chapter 3 Past Performance Is No Guarantee of Future Results, but It’s Pretty Darn Close 31 Performance of Perpetual Dividend Raisers 34 How Do Bonds Compare? 49 Are You an Investor from Lake Wobegon? 52 Summary 56 Notes 56 Chapter 4 Why Companies Raise Dividends 59 Buybacks versus Dividends 60 Management Speaks 65 Attracting the Right Shareholders 68 Signals to the Market 72 Summary 73 Notes 74 Chapter 5 Get Rich with Boring Dividend Stocks (Snooze Your Way to Millions) 75 How Much Do You Want to Make? 75 Summary 87 Note 87 Chapter 6 Get Higher Yields (and Maybe Some Tax Benefits) 89 Buying $1 in Assets for $0. 90 89 MLPs 98 REITs 100 BDCs 101 You Don’t Have to Play Mahjong with Mrs. Zuckerberg 103 Preferred Stocks 105 Summary 107 Chapter 7 What You Need to Know to Set Up a Portfolio 109 The Oxford Income Letter Portfolio An Example 111 Setting Up the Portfolio 115 Yields 118 Payout Ratio 121 Dividend Growth Rate 126 Special Dividends 128 Summary 131 Notes 131 Chapter 8 The 10-11-12 System 133 Yield 133 Dividend Growth 134 Payout Ratio 135 Formula 135 Numbers 147 When to Sell 156 Summary 158 Chapter 9 DRIPs and Direct Purchase Plans 159 Summary 163 Chapter 10 Using Options to Turbocharge Your Returns 165 Covered Calls: The Espresso of Income Investing 167 Option Prices 169 Volatility: An Option Seller’s Best Friend 170 Time Is on Your Side 171 Who Should Sell Covered Calls? 172 Annual Returns of 20% 173 Selling Puts 177 Summary 179 Chapter 11 Foreign Stocks 181 One Lump or Two? 182 Lumpy Perpetual Dividend Raisers? 184 Other Risks 186 Summary 188 Chapter 12 Taxes 189 Foreign Taxes 191 Tax-Deferred Strategies 192 Tax Law Changes 194 Summary 194 Note 195 Chapter 13 Crypto 197 Summary 200 Note 201 Conclusion: The End of the Book, the Beginning of Your Future 203 Glossary 207 Acknowledgments 211 About the Author 213 Index 215

Read more less

Book SynopsisIn this book . . . Nicolas Vandeput hacks his way through the maze of quantitative supply chain optimizations. This book illustrates how the quantitative optimization of 21st century supply chains should be crafted and executed. . . . Vandeput is at the forefront of a new and better way of doing supply chains, and thanks to a richly illustrated book, where every single situation gets its own illustrating code snippet, so could you. --Joannes Vermorel, CEO, Lokad Inventory Optimization argues that mathematical inventory models can only take us so far with supply chain management. In order to optimize inventory policies, we have to use probabilistic simulations. The book explains how to implement these models and simulations step-by-step, starting from simple deterministic ones to complex multi-echelon optimization. The first two parts of the book discuss classical mathematical models, their limitations and assumptions, and a quick but effective introduction to Python is provided. Part 3 contains more advanced models that will allow you to optimize your profits, estimate your lost sales and use advanced demand distributions. It also provides an explanation of how you can optimize a multi-echelon supply chain based on a simple—yet powerful—framework. Part 4 discusses inventory optimization thanks to simulations under custom discrete demand probability functions. Inventory managers, demand planners and academics interested in gaining cost-effective solutions will benefit from the "do-it-yourself" examples and Python programs included in each chapter. Events around the book Link to a De Gruyter Online Event in which the author Nicolas Vandeput together with Stefan de Kok, supply chain innovator and CEO of Wahupa; Koen Cobbaert, Director in the S&O Industry practice of PwC Belgium; Bram Desmet, professor of operations & supply chain at the Vlerick Business School in Ghent; and Karl-Eric Devaux, Planning Consultant, Hatmill, discuss about models for inventory optimization.The event will be moderated by Eric Wilson, Director of Thought Leadership for Institute of Business Forecasting (IBF):https://youtu.be/565fDQMJEEg Table of Contents Deterministic supply chains Inventory policies How much should I order? When should I order? Stochastic supply chains Safety stocks Inventory policies Stochastics lead times Advanced stochastic models Fill rate Cost and service level optimization Beyond normality Forecast Multi echelon inventory optimization Discrete inventory optimization Newsvendor Simple simulations Multi echelon inventory optimization simulations

Read more less

Book SynopsisAt only nineteen years old Vitalik Buterinpublished a visionary paper outlining the ideas behindwhat would become Ethereum. He proposed to take whatBitcoin did for currency â to end the central control ofgovernments and corporations â and apply it to societyas a whole. Now, less than a decade later, Ethereumis the second-most-valuable cryptocurrency and hasopened the gates for the extraordinary new world ofNFT artworks, virtual real estate in the metaverse anddecentralised autonomous organisations. The essays in Proof of Stake reveal Buterin as a lively,creative thinker, relentlessly curious and adventurousin exploring the fascinating social, economic and politicalpossibilities of his invention, and will guide futuregenerations of Ethereumâs community of radicalsand builders.

Read more less

Book SynopsisA DETAILED PRIMER ON TODAY'S MOST SOPHISTICATEDAND CONTROVERSIAL TRADING TECHNIQUEUnfair . . . brilliant . . . illegal . . . inevitable. High-frequency trading has been described in many different ways, but one thing is for sure--it has transformed investing as we know it.All About High-Frequency Trading examines the practice of deploying advanced computer algorithms to read and interpret market activity, make trades, and pull in huge profi tsâall within milliseconds. Whatever your level of investing expertise, you'll gain valuable insightfrom All About High-Frequency Trading's sober, objective explanations of: The markets in which high-frequency traders operate How high-frequency traders profi t from mispriced securities Statistical and algorithmic strategies used by high-frequency traders Technology and techniques for building a high-frequency trading system The ongoing debate over the benefi ts, risks, and ever-evolving future of high-Table of ContentsChapter 1. Trading at the Speed of a Hummingbird's Wing; Chapter 2. The High-Frequency Trading Operation; Chapter 3. Benefits and Risks of High-Frequency Trading; Chapter 4. The Evolution of High-Frequency Trading; Chapter 5. The Total High-Frequency Trading Market; Chapter 6. Inside the High-Frequency Trading System; Chapter 7. High-Frequency Trading Regulation and Oversight; Chapter 8. The Future of High-Frequency Trading

Read more less

Book SynopsisCurrency trading techniques you can bank on! Forex trading can be remarkably lucrativeâand complex, confusing, and risky. Too many investors dive right into Forex, suffering big losses. If you want to trade currencies successfully, read this book, take your time, and plan accordingly. The $4 trillion Forex market will be waiting.All About Forex Trading walks you through everything you need to know to make currency trading a vibrant part of your diversified portfolio and generate handsome returnsâregardless of what is happening to stocks and bonds. Whether your investing style is conservative or aggressive, this no-nonsense guide has what you need to build a powerful Forex trading strategy. Learn all there is to know about: What (and who) drives currency prices Investment vehicles for Forex trading Technical analysis techniques Key fundamental indicators Navigating the economic calendar All the traded currenciesâfrom the Americas to EuropeTable of ContentsChapter 1. Forex Basics; Chapter 2. Investment Vehicles for Trading Forex; Chapter 3. What Drives Currency Prices; Chapter 4. Who Drives Currency Prices; Chapter 5. Getting to Know the Currencies; Chapter 6. Navigating the Economic Calendar; Chapter 7. Indicators Forex Traders Watch; Chapter 8. Effective Short-Term Trading Strategies; Chapter 9. Effective Long-Term Investing Strategies; Chapter 10. Who Is Regulating This Market; Chapter 11. Conclusion; Appendix A: Currency Cheat Sheets; Appendix B: Indicator Watchlist

Read more less

Book SynopsisUnlock the door to your fortune using the secrets revealed in this book.Based on Andrew Carnegie''s famous formula for money-making, Master Key to Riches has been revised for the 21st century. As well as explaining the practical philosophy for success, in this inspiring book Napoleon Hill describes the key that will convert all your past failures into priceless assets and lead you to the attainment of the twelve great riches. Drawing on the experiences of hundreds of the world''s most powerful and wealthy people, this book will show you how to succeed in any walk of life.

Read more less

Book SynopsisTable of Contents1. Introduction 2. Sustainable Investing: Methodological and Theoretical Background and Concepts 3. Exchange-Traded Funds: Methodological and Theoretical Background and Concepts 4. Sustainable Investing Exchange-Traded Funds: Methodological and Theoretical Background and Concepts 5. Sustainable investing Exchange-Traded Funds: Markets 6. Adoption Determinants of Sustainable investing Exchange-Traded Funds 7. Consequences of the Spread of Sustainable investing Exchange-Traded Funds 8. Conclusions and Recommendations 9. Annex: Methodologies

Read more less

Book SynopsisTrade ReviewThe book is invaluable for understanding many current issues in international political economy...Highly recommended. Graduate students, faculty, and professionals. * Choice *Table of ContentsFigures Tables Preface and Acknowledgements Abbreviations Introduction CH. 1 Financial Sanctions and Political Risk in the International Currency System CH. 2 The Source and Exercise of American Financial Power CH. 3 Sanctions, Political Risk, and the Reserve Currency Role CH. 4 The Anti-Dollar Gold Rush: Central Bank Reserves in the Age of Financial Sanctions CH. 5 Sanctions, Political Risk, and the Dollar as International Payments Currency CH. 6 Payment Politics: Anti-Dollar Responses to Sanctions in Trade Settlement CH. 7 Financial Sanctions and the Dollar's Rivals CH. 8 Sanctions and China's Play for Payments Power Conclusion Appendices References Notes

Read more less

Book SynopsisTrade Review" The book will be an invaluable reference work for students of U.S. economic history." * Business Economics *Table of ContentsForeword Preface Chapter 1. Robert Gallman’s Capital Stock Project Chapter 2. Gallman’s Core Capital Stock Data Chapter 3. The United States Capital Stock, 1840–1900 Chapter 4. Capital and American Economic Growth, 1774–1980 Chapter 5. Gallman’s Annual Product Series, 1834–1909 Chapter 6. Investment Flows and Capital Stocks Chapter 7. Agriculture Chapter 8. Mining and Manufacturing Chapter 9. Nonfarm Real Estate and Trade Chapter 10. Transportation Chapter 11. Communication and Electric Utilities Chapter 12. Inventories Chapter 13. Consumer Durables Chapter 14. Wealth in the Colonial and Early National Periods Chapter 15. Wrapping Up Notes References Index

Read more less

Book SynopsisThe comprehensively updated sixth edition of a leading textbook that examines the wide range of instruments available in financial markets, with new material on central banks, capital market technology, and financing markets for small businesses.Capital markets are an integral part of the financial system, and their evolution reflects a larger story of global financial change characterized by shifts in regulations, investor behavior, and technological advancements. Now in a comprehensively updated new edition, this widely used textbook examines the wide range of instruments for financing, investing, and controlling risk in today?s financial markets. The book begins with an introduction to financial markets, followed by a detailed examination of risk, including financial risk identification, quantification, and management. It then covers market participants, including a new chapter on central banks; fundraising markets, with a new chapter on financing markets for small businesses; risk and return theories; equity, debt, and derivatives markets; and capital market technologies, in a dedicated new section. Sixth edition highlights: ?Includes new chapters on central banks, capital market technologies, and financing markets for small businesses?Incorporates analysis of the role of technological innovation throughout?Offers broad coverage of all types of financial instruments, including cash and derivative instruments, as well as the risk management dilemmas confronted by major institutional investors ?Features rich pedagogy and resources, including end-of-chapter discussion questions and integrated online appendices

Read more less

Book SynopsisThis book focuses on solving and implementing the increasingly complex numerical problems that arise in finance. Readers will learn the numerical techniques and programming skills necessary for any aspiring quant developer. No programming background is required, making the book thoroughly suitable for beginners.Trade Review"This book leads the reader directly into the heart of C++ programming technique without too much fuss. And in so doing, the reader also learns some very important and fundamental methods in options pricing. I highly recommend this little gem of a book." Professor Michael K. Ong, IIT Stuart School of Business"I find the monograph to be an excellent integration of the object-oriented concepts of C++ and the classical numerical techniques used in quantitative finance. Throughout the book, there is an introduction to the numerical technique to be used, along with the need for such a method from the prospective of financial mathematics. After this discussion, the C++ source code that implements the technique is not only given but also annotated to highlight or to clarify reasons for the use of certain object-oriented constructs. As the authors comment, there are some source files which are not listed but are available from the publisher's web site. The monograph is an exceptional book for demonstrating the implementation of the various aspects of C++ in a very concrete fashion. There is substance given to C++ concepts that are introduced in basic programming courses but seldom framed in a realistic setting. The reader, however, should have some familiarity with C++ and mathematical finance, prior to reading the monograph. The book is not intended to be an introduction to either object-oriented C++ or mathematical finance. With such a background, the style and the content of the book make for an informative experience." Professor Sherman Wong, City University of New YorkTable of ContentsPreface; 1. Binomial pricer; 2. Binomial pricer revisited; 3. American options; 4. Nonlinear solvers; 5. Monte Carlo methods; 6. Finite difference methods; Index.

Read more less

Book SynopsisMax Gunther''s classic text with a new foreword by Gautam Baid.Luck. We can''t see it, or touch it, but we can feel it. We all know it when we experience it. But does it go deeper than this? And if it goes deeper, does it do so in any way which we can harness to our own and others'' advantage?Taking us on a fascinating tour through the more popular theories and histories of luck - from pseudoscience to paganism, mathematicians to magicians - Max Gunther arrives at a careful set of scientific conclusions as to the true nature of luck, and the possibility of managing it.Drawing out the logical truths hidden in some examples of outrageous fortune (and some of the seemingly absurd theories of its origins), he presents readers with the concise formulae that make up what he calls the ''Luck Factor'' - the five traits that lucky people have in common - and shows how anyone can improve their luck.

Read more less

Book SynopsisThe second edition of this bestselling book provides an overview of the key topics in undergraduate mathematics, allowing beginning graduate students to fill in any gaps in their knowledge. With numerous examples, exercises and suggestions for further reading, it is a must-have for anyone looking to learn some serious mathematics quickly.Trade Review'Reading Garrity is like talking with your favorite uncle - he tells you the essential stories, in a clear and colorful way, and you get just what you need to explore further. The topics are well chosen (and there are more in this new edition). His points of view enrich the reader - not only do you learn what to know, but how to know it. I wish I had had this book when I started graduate school.' John McCleary, Vassar College'I admired one of the intentions behind the first edition of Garrity's All the Math You Missed: to give students the tools to appreciate the applications of mathematics without painting a simplistic picture of 'Applied Mathematics'. In this second edition, he takes this idea to the next level by introducing four additional chapters, dealing primarily with number theory and category theory.' Robert Kotiuga, Boston University'I felt like I was terribly underprepared for graduate school, and Garrity's book helped me fill in some of those gaps. But far more importantly, the welcoming tone made me see that I wasn't alone in feeling anxious, and it made grad school feel less intimidating.' Daniel Erman, University of Wisconsin, Madison'Incoming graduate students would find the book most useful … this book is designed to provide some useful guidance … The writing is clear and easy to read.' Bill Satzer, MAA ReviewsTable of ContentsOn the structure of mathematics; Brief summaries of topics; 1. Linear Algebra; 2. ε and δ real analysis; 3. Calculus for vector-valued functions; 4. Point set topology; 5. Classical Stokes' theorems; 6. Diff erential forms and Stokes' theorem; 7. Curvature for curves and surfaces; 8. Geometry; 9. Countability and the Axiom of Choice; 10. Elementary number theory; 11. Algebra; 12. Algebraic number theory; 13. Complex analysis; 14. Analytic number theory; 15. Lebesgue integration; 16. Fourier analysis; 17. Diff erential equations; 18. Combinatorics and probability theory; 19. Algorithms; 20. Category theory; Appendix A. Equivalence relations; References; Index.

Read more less

Book SynopsisThe lion's share of smartphones, computers, televisions, semiconductor devices, and other electronics goods is made in East Asia. How did Asia become the center of electronics manufacturing? How did learning take place that allowed Asian workers to produce cutting-edge products? This Element addresses these issues.Trade Review'The book provides a really useful combination of relevant theory and East Asian experience in the semiconductor industry. And it does this in under 100 pages!' Gary Hufbauer, Senior Fellow at the Peterson Institute for International EconomicsTable of Contents1. Introduction; 2. Out of the Ashes; 3. How the Tigers Got Their Claws;4. The Little Tigers Emerge; 5. The Dragon Stirs; 6. Free for All; 7. Lessons.

Read more less

Book SynopsisIn this Element the authors review the technique of the change of numeraire in the martingale approach to option pricing. Their intention is to present a reader friendly explanation of the technique itself, and illustrate how it is applied in various fields of quantitative finance as the basis for building option valuation models.Table of Contents1. Introduction; 2. Girsanov's theorem; 3. Arbitrage asset pricing in a nutshell; 4. Riskless bond numeraires and associated EMMs; 5. Change of numeraire in interest rate and FX models; 6. Incomplete markets.

Read more less

a huge range and FREE tracked UK delivery on ALL orders.

Read more less

Book Synopsis

Read more less

Book SynopsisThis practical guide provides data analysts, data scientists, and data practitioners in financial services firms with the framework to apply manufacturing principles to financial data management, understand data dimensions, and engineer precise data quality tolerances at the datum level and integrate them into your data processing pipelines.

Read more less

Book SynopsisThe bestselling author of The Millionaire Next Door reveals easy ways to build real wealth With well over two million of his books sold, and huge praise from many media outlets, Dr. Thomas J. Stanley is a recognized and highly respected authority on how the wealthy act and think.Table of ContentsList of Tables ix Preface xi Chapter 1 The Difference between Being Rich and Acting Rich 1 Chapter 2 Everything You Think about Rich Is Wrong 33 Chapter 3 Do the Shoes Make the Man? 59 Chapter 4 Brother, Do You Have the Time? 83 Chapter 5 Keeping Up with Your Spirits 115 Chapter 6 The Grapes of Wrath 145 Chapter 7 The Road to Happiness 171 Chapter 8 Getting Out of the Poorhouse 209 Chapter 9 All that Glitters Is Not the Millionaire’s Goal 235 Appendix A The Nationwide Search for Millionaires 245 Appendix B The Millionaire Profi le 247 Notes 251 Acknowledgments 257 About the Author 259 Index 261

Read more less

Book SynopsisThis book presents the main valuation approaches that can be used to value financial institutions.Table of ContentsPreface vii Acknowledgments ix 1 Bank Business Models 1 1.1 Economics of banking 1 1.2 Commercial banks 3 1.3 Investment banks 7 2 Financial Statements Analysis for Banks 15 2.1 Balance sheet 15 2.2 The US GAAP for banks 44 2.3 Profit & loss statement 49 2.4 Major differences between IAS/IFRS and US GAAP 51 2.5 Example of IAS/IFRS application 54 3 The Regulatory Capital for Banks 61 3.1 Regulatory capital requirements 61 3.2 Basel II 68 3.3 The reform of Basel III 73 3.4 Managing the regulatory capital 78 4 Assessing and Preparing the Business Plan for a Bank 81 4.1 Status quo analysis 82 4.2 Internal consistency 85 4.3 External consistency 92 4.4 The forecasting model of a bank 96 5 Bank Valuation 105 5.1 Why bank valuation is different 105 5.2 Discounted returns model 108 5.3 Relative valuation 123 5.4 Asset/liability-based valuation 137 5.5 The sum of the parts framework 143 5.6 Bank valuation in M&A 144 5.7 The valuation of Wells Bank 148 6 Insurance Business Models and Financial Statements 159 6.1 The business model of insurance companies 159 6.2 Segmentation by products 160 6.3 Distribution channels 162 6.4 Insurance balance sheet under US GAAP 162 6.5 Insurance contracts under IAS/IFRS 167 6.6 Case study 172 7 Regulatory Capital for Insurance Companies 177 7.1 Insurance industry regulation in the US 177 7.2 Current US system 178 7.3 Solvency II – European-based regulation 181 7.4 Main differences between solvency II and US regulation 190 8 Assessing the Business Plan for an Insurance Company 193 8.1 Status quo analysis 193 8.2 Internal consistency 195 8.3 External consistency 200 8.4 The forecasting model 204 9 Insurance Companies Valuation 209 9.1 Appraisal value 209 9.2 Relative valuation 215 9.3 The case of “general insurance” 216 10 The Valuation of Other Financial Companies 227 10.1 The valuation of finance companies 227 10.2 The valuation of funds 229 References 233 Index 235

Read more less

Book SynopsisA critical resource for families managing significant wealth Wealth of Wisdom offers essential guidance and tools to help high-net-worth families successfully manage significant wealth. By compiling the 50 most common questions surrounding protection and growth, this book provides a compendium of knowledge from experts around the globe and across disciplines. Deep insight and thoughtful answers put an end to uncertainty, and help lay to rest the issues you have been wrestling with for years; by divulging central lessons and explaining practical actions you can take today, this book gives you the critical information you need to make more informed decisions about your financial legacy. Vital charts, graphics, questionnaires, worksheets and other tools help you get organised, develop a strategy and take real control of your family''s wealth, while case studies show how other families have handled the very dilemmas you may be facing today. Managing significant wealTable of ContentsForeword xiiiDirk Jungé Acknowledgments xvii Introduction xix SECTION 1 THINKING THROUGH WHAT MATTERS MOST 1 Chapter 1 Are You Wealthy? 3Patricia Angus Chapter 2 What Are the Most Important Factors in Living Well? 9Scotty McLennan Chapter 3 What Are the Key Considerations in Crafting Your Legacy? 15Thayer Willis Chapter 4 What Does Passing on Values to the Next Generation Really Look Like? 23Ellen Miley Perry Chapter 5 How to Think Through Using Resources That Exceed My Personal Needs? 31Paul Schervish Chapter 6 Does Family History Matter? 39Heidi Druckemiller SECTION 2 PLANNING THOUGHTFULLY 45 Chapter 7 Is It Worth Having a Financial Plan? 47Scott Hayman Chapter 8 What Is the Right Balance Between Saving and Spending in Retirement? 55Meir Statman Chapter 9 How Do You Start a Family Conversation About Prenuptial Arrangements? 63Charles Collier Chapter 10 How Can You Preserve a Beloved Family Vacation Home or Estate? 67Jamie Forbes Chapter 11 How Can You Prepare for Longevity and Mental Incapacity Among Family Members? 75Patricia Annino Chapter 12 How Do You Prepare for a Good Goodbye? 81Kathy Wiseman SECTION 3 INVESTING WISELY 85 Chapter 13 How Can You Make Sure Your Portfolio Lines Up with Your Actual Goals? 87Ashvin Chhabra Chapter 14 What Return Should You Expect from Your Investments? 93Christopher Brightman Chapter 15 What Should Your Asset Allocation Be? 101Jean Brunel Chapter 16 Does Investing Have to Be Complicated? 107Robert Maynard Chapter 17 How Should You Understand and Deal with Investment Risk? 115Howard Marks Chapter 18 What Is the Most Useful Definition of Risk for Family Investors? 119James Garland Chapter 19 Is Active Management Still Worthwhile? – I 125Charles Ellis Chapter 20 Is Active Management Still Worthwhile? – II 133Randolph Cohen SECTION 4 RAISING THE RISING GENERATION 141 Chapter 21 How Do You Raise Responsible, Independent, and Productive Children (versus Entitled Trust Fund Babies)? 143Jill Shipley Chapter 22 How Can You Help Children Thrive in a World Focused on Success? 149Suniya Luthar and Nina Kumar Chapter 23 How Much Money Should You Leave Your Children, and When? 157Peter Evans Chapter 24 How Do You Start a Family Conversation About Financial Inheritance? 161Charles Collier Chapter 25 How Can You Avoid the Negative Impacts of Giving Money to Family Members? 165Lee Hausner Chapter 26 How Can Your Family Encourage Financial Literacy in Every Member? 169Coventry Edwards-Pitt Chapter 27 How Can Families Support Both Individuality and a Shared Dream? 173Kelin Gersick SECTION 5 MAKING SHARED DECISIONS 181 Chapter 28 What Are the Best Ways for a Family to Make Decisions Together? 183Barbara Hauser Chapter 29 How Can You Improve Family Communication? 187Jennifer East Chapter 30 What Are Practical Tools for Building Healthy Families? 193Christian Stewart Chapter 31 What Is the Point of Family Enterprise Governance? 203Katherine Grady and Ivan Lansberg Chapter 32 Should You Have a Family Meeting? 211Mary Duke Chapter 33 How Can You Best Manage Conflict in Your Family? 219Blair Trippe Chapter 34 Should You Stay Together as a Family or Go Your Separate Ways? 225Doug Baumoel SECTION 6 COMBINING FAMILY AND BUSINESS 233 Chapter 35 How Can You Engage Your Children in the Management of Your Family Wealth or Business? 235Dennis Jaffe Chapter 36 How Can Your Family Develop Leaders Ready to Face the Many Challenges of Business and Family? 243Greg McCann Chapter 37 How Can You Ensure the Success of Your Successors? 249Dean Fowler Chapter 38 Why Is Family Unity So Important and How Can You Achieve It? 257Andrew Hier and John Davis Chapter 39 What Are the Signs You’re Losing Control of Your Family Business? 263Josh Baron and Rob Lachenauer Chapter 40 Can a Family Stay Together After the Operating Business Is Sold? 269Alex Scott SECTION 7 GIVING WELL 275 Chapter 41 What Is the Difference Between Charity, Philanthropy, Strategic Philanthropy, and Impact Investing? 277Ellen Remmer Chapter 42 How Can You Encourage Generosity in Your Family? 285Alasdair Halliday and Anne McClintock Chapter 43 How Do You Engage Children and Grandchildren in Philanthropy? 291Lisa Parker Chapter 44 How Can You Wisely Develop a Long-Term Strategy for Your Philanthropy? 297Barnaby Marsh SECTION 8 SEEKING SOUND ADVICE 303 Chapter 45 What Types of Advisors Should You Consider? 305Susan Massenzio Chapter 46 How Can You Find Trustworthy Advisors? 311Philip Marcovici Chapter 47 How Can You Avoid the Next Bernie Madoff? 317Stephen Horan and Robert Dannhauser Chapter 48 Should You Choose a Single-Family Office or a Multi-Family Office? 323Kirby Rosplock Chapter 49 How Do You Choose a Good Trustee? 331Hartley Goldstone SECTION 9 FACING THE FUTURE 339 Chapter 50 What Does the Future Hold for Families with Significant Wealth? 341James Hughes Chapter 51 How Can You Chart Your Own Path, No Matter What Everyone Else Says You Should Do? 345Fernando del Pino Chapter 52 How Do You Balance Family Stability with Resilience Over the Generations? 351James Grubman Chapter 53 How Can We “Lift the Small Boats” Too? 355Christine Lagarde Conclusion 363 About the Editors 365 Index 367

Read more less

Book SynopsisTable of ContentsIntroduction: One Minute to Midnight ix Part I The System is Broken 1 Chapter 1 Parasite 3 Chapter 2 Trading Places 13 Chapter 3 For a Few Dollars More 21 Chapter 4 Hustle and Flow 27 Chapter 5 Free Willy 35 Chapter 6 Parenthood 41 Chapter 7 The Never-Ending Story 53 Chapter 8 Goldfinger 65 Part II Those Who Cannot Remember the Past are Condemned to Repeat It 77 Chapter 9 Prometheus 79 Chapter 10 The Banker 89 Chapter 11 The Lion King 95 Chapter 12 The Money Pit 105 Chapter 13 It’s a Wonderful Life 109 Chapter 14 Signs 115 Part III Checkmate 125 Chapter 15 Black Swan 127 Chapter 16 The Circle 133 Chapter 17 Contagion 147 Chapter 18 The Big Short 155 Part IV The Great Revaluation and a Look at the Future 165 Chapter 19 The Mechanic 167 Chapter 20 White Men Can’t Jump 177 Chapter 21 The Matrix 187 Chapter 22 Back to the Future—Part II 195 Chapter 23 The Incredible Hulk 199 Chapter 24 Searching for Bobby Fisher 209 References 217 Index 243

Read more less

Book SynopsisTable of ContentsPreface ix Acknowledgments xxi About the Author xxiii 1 First Thoughts on Deal Sourcing 1 2 Thematic Deal Sourcing 17 3 Opportunistic Deal Sourcing 41 4 Deal Selection— Eliminating the Wrong Deal 63 5 Deal Selection— Identifying the Right Deal 79 6 Assessing the Top Management Team 95 7 Analyzing the Business Plan 113 8 Valuation 159 9 Deal Structuring 185 10 Deal Execution: Transaction Process and Due Diligence 209 11 Deal Execution: Legal Documentation 237 12 Adding Value Through Active Ownership 259 13 Exit Strategies and Deal Monetization 283 References 317 Index 331

Read more less

Book SynopsisBuild the financial future you deserve with tax-effective investing The government wants your help, and it's willing to pay handsomely. You just need to know what to do. In The Win-Win Wealth Strategy: 7 Investments the Government Will Pay You to Make, celebrated entrepreneur, investor, and bestselling author Tom Wheelwright, CPA transforms the way you think about building wealth and challenges the paradigm that tax incentives are immoral loopholes. Backed by deep research in 15 countries, he identifies seven investing strategies that are A-OK with governments worldwide and will fatten your wallet while making the world a better place. You'll learn: How to tax-effectively invest in business, technology, energy, real estate, insurance, agriculture, and retirement accountsHow to use tax incentives to help pay for your next car, house, or tuition billWhy the rich are not a drain on society and, more importantly, how to become one of themAn indispensable and startlingly insightful exploration of straightforward investing strategies, The Win-Win Wealth Strategy improves your confidence in tax-effective investing, so you make better decisions with your money and supercharge your family's generational wealth while creating jobs, developing technology and improving access to food, energy and housing.Table of ContentsForeword xi Preface xv Acknowledgments xvii Introduction 1 Chapter 1 Partnering with the Government 3 Chapter 2 Investment #1: Business 13 Chapter 3 Investment #2: Technology | Research and Development 43 Chapter 4 Investment #3: Real Estate 59 Chapter 5 Investment #4: Energy 83 Chapter 6 Investment #5: Agriculture 97 Chapter 7 Investment #6: Insurance 111 Chapter 8 Investment #7: Retirement Savings 129 Chapter 9 Conclusion 151 Bonus Chapter How to Get the Government to Pay for Your Ferrari 155 Endnotes 163 About the Author 225 Index 227

Read more less

Book SynopsisTable of ContentsI. FINANCIAL THEORY. 1. Introduction to Capital Markets, Consumption and Investment. 2. Investment Decisions: The Certainty Case. 3. Theory of Choice Under Uncertainty: Utility Theory. 4. State-Preference Theory. 5. Objects of Choice. 6. Market Equilibrium: CAPM and APT. 7. Pricing Contingent Claims: Option Price Theory and Evidence. 8. Futures Contracts and Markets - Term Structure - Cox, Ingersoll, Ross. 9. Multiperiod Aspects of Financial Theory - Real Options - Investment. 10. Efficient Capital Markets: Theory. 11. Efficient Capital Market: Evidence. 12. Information Asymmetry: Agency Cost Theory and Signaling. II. CORPORATE POLICY. 14. Valuation and Tax Policy. 15. Capital Structure. 16. Dividend Policy. 17. Applied Issues in Corporate Finance. 18. External Investment Decisions. 19. International Finance: Theory and Evidence. 20. Open-Ended Issues for Research.

Read more less

a huge range and FREE tracked UK delivery on ALL orders.

Read more less

Book SynopsisThe Venture Capital Investment Framework Venture capital is the economic engine that drives entrepreneurship and innovation through capital investments, board membership, advice, introductions to relevant employees, and customers. Despite the outsized importance of venture capital, the inner workings remain hidden. Venture is still a mentor-led industry and it is an industry where you have to do a lot of self-educationyou have to learn by doing, and you have to get up to speed quickly. Until now. Author William Lin spent over a decade in venture capital, starting in an entry-level position, helping to start a leading VC firm from scratch, and eventually becoming Managing Partner. In The VC Field Guide: Fundamentals of Venture Capital, Lin shares his unique framework, the Venture Capital Investment Framework, to help any venture capitalist, entrepreneur, or investor make better investment decisions, quicker. He delivers an incisive and practical handbooTable of ContentsForeword xi Preface xiii Acknowledgments xv Part I Introduction 1 Introduction 3 My Background 3 Who Is This Book For? 9 The Framework’s Origin 10 Endnote 14 Part II The Venture Capital Investment Framework 15 Chapter 1 The Venture Capital Investment Framework 17 Startup Investing 17 Chapter 2 Who = Team 23 Different Paths to Success 26 Curiosity Is a Must- Have for Founding Teams 27 Individual or Company Growth? 30 The CEO and Team Challenges 31 Curiosity and ? 33 Failure Is a Valued Asset 37 In- Person Data 38 Team Dynamics that Work 40 Chapter 3 What = Problem 47 Deep Questions, First Principles 49 Common Sense and Bias 52 You Don’t Have to Solve Your Own Problem 53 Finding a Problem 55 Chapter 4 When = Timing 59 Timing = Environment 61 Specialization Leads to Success, Leading to Optionality 62 Generational Timing 64 Timing and Disruption 66 The Rise and Fall of Companies 68 Chapter 5 Where = Market 73 How VCs Look at TAM 74 Strategy for VCs Based on the Size of the Firm 79 Calculating TAM and What Does It Imply? 81 Chapter 6 Why = Solution 83 Solving One Problem Really Well 85 Building the Right Solution 87 Building a Sustainable Business 90 Chapter 7 How = Scale 91 The Sales Organization 93 Sales Organization and Customer Alignment 96 The Technology Organization 98 Chapter 8 How to Use the VCIF 101 The VCIF in Action: An Investment We Made 102 An Investment We Didn’t Make 107 Stages 112 Part III Notes to Stakeholders 115 Chapter 9 The Venture Capital Role 117 The Basics of a Venture Capital Firm 118 Winners Lose a Lot 123 Metrics 126 My First Trial by Fire 128 Chapter 10 Notes for Students 135 Three Entry- Level Career Paths in Venture 135 Chapter 11 Notes for Current VCs 141 VC Career Paths 141 VC Career Myths 147 Chapter 12 Notes for Entrepreneurs: Some Thoughts 151 Chapter 13 Notes for Startup Customers 155 Chapter 14 Notes for LPs: Characteristics of Some of the Best VCs 159 Sector Knowledge 161 Chapter 15 Long- Term Planning: Venture Capital Cycles, Optionality, Starting a VC Firm 165 Venture Capital Cycles 167 Optionality 168 Could You Start Your Own VC Firm? 172 Conclusion 175 Afterword 179 Glossary 181 Index 185

Read more less

Book SynopsisA straightforward explanation of root cause analysis and systems thinking, illustrating, with real-world examples and first-hand accounts, why things can slip through our fingers' and what to do to reduce the chances of things going off track. Beyond the Five Whys summarises, for the first time, many of the tried and tested ways of understanding problems using insights from aviation, high reliability organisations and a range of thought-provoking sources. The book provides readers with a clear and structured explanation how to analyse setbacks and head off problems in the first place. It will challenge much of the received wisdom, such as the idea there can be one root cause or that a person or bad culture could be a root cause. Specific areas covered: Learn what root causes are, how they differ from immediate and contributing causes and why it's so important to go beyond the Five Whys technique for root cause analysis. Recalibrate the way you think about things going wrong, incorporating insights from systems thinking, so you can be clearer what cultural' or systemic problems mean in practice. Learn about the eight principal ways things can slip through our fingers. Go beyond the blame game and firefighting to avoid the never ending cycle of repeating issues. Strengthen your ability to read the output of a lessons learned' or enquiry report. Get a fresh perspective, using these techniques, on why the Titanic tragedy turned out so badly, and understand the numerous parallels between what happened then and a range of recent setbacks we have seen, such as the Covid 19 pandemic. Consider the broader application of these techniques to some of the challenges we face in the 21st century. Beyond the Five Whys also contains supplemental guidance how to make improvements in an organisation. It is of value to business managers and those in specialist roles such as GRC, ESG, risk, compliance, quality, project management, H&S, IT, and internal audit roles.Table of ContentsIntroduction ix Section 1: A High-level Overview of RCA and Systems Thinking 1 Chapter 1: Critical Points Concerning Root Cause Analysis (RCA) 3 Chapter 2: The Fishbone Diagram and Eight Ways of Understanding Why 15 Chapter 3: Systems Thinking and Eight Ways to Understand Why, with Connections 23 Section 2: Eight Ways to Understand Why, With Connections 43 Chapter 4: Setting Appropriate Strategies, Goals, and Understanding Risks 45 Chapter 5: Having Timely, Accurate Data, Information and Communications 63 Chapter 6: Setting Appropriate Roles, Responsibilities, Accountabilities and Authorities 79 Chapter 7: Ensuring a Suitable Design 93 Chapter 8: Understanding and Accommodating External Factors 103 Chapter 9: Effective Building, Maintenance and Change 119 Chapter 10: Understanding and Adapting to ‘Human Factors’ 139 Chapter 11: Addressing Resources, Priorities and Dilemmas 167 Chapter 12: The Titanic Tragedy and Parallels with Modern Disasters 185 Section 3: Taking Action, Now and in the Future 215 Chapter 13: The Challenges with Action Planning 217 Chapter 14: Where Are We Now and Looking Ahead 229 Appendix A: Practical Advice on Action Planning 243 Appendix B: Practical Advice to Improve RCA in an Organisation 251 Appendix C: Practical Advice for Internal Audit and Others in an Audit or Inspection Role 267 Acknowledgements 287 Notes 289 Index 331

Read more less

Book SynopsisTransform your financial present and future so you can give back to the people you care about the most In Millionaire Habits: How to Achieve Financial Independence, Retire Early, and Make a Difference by Focusing on Yourself First, popular personal finance educator Steve Adcock delivers a fun, insightful, and hands-on discussion of how to build financial security, retire early, and give back to the community. You'll learn to focus on yourself and your family first, creating personal wealth for the purpose of giving back to others. In the book, the author explains that saving money isn't a goal in and of itself, but rather the end product of the personal wealth equation: Wealth = Income + Investments Lifestyle. You'll discover how to pay yourself first with concrete guidance and practical advice drawn from people who built wealth on modest incomes. You'll also find: Strategies for maintaining your physical and financial fitness so you can maximize the value of your assetsWays to turn yTable of ContentsIntroduction xi We Retired in Our 30s in an Airstream RV xiv How To Use This Book xv Part 1: The 10 Habits of Millionaires—the Wealth-Building Time Line 1 Habit # 1 Millionaires Say Yes 7 Am I Suggesting That You Say Yes to Every Opportunity You Get? 13 Habit # 2 Millionaires Are Selfish 15 Finances 17 The Five Pillars of Financial Selfishness 17 Health 19 Physical Health 20 Mental Health 22 Work 23 Compensation 24 Work-Life Balance 25 Recognition 27 Habit # 3 Millionaires Maximize Income 33 Switch Companies 35 Start a Side Hustle 36 Ask for a Raise 42 What about Investing? 46 Habit # 4 Millionaires Pay Themselves First 49 How Does Pay Yourself First Work? 51 When Is Pay Yourself First Not a Good Idea? 55 Habit # 5 Millionaires Automate Everything 59 What Should You Automate? 61 When Should Each Automation Happen? 62 How to Set Up Financial Automation 63 Habit # 6 Millionaires Invest (A Lot) 67 Stocks 69 Bonds 70 Index Funds 71 Targeted Retirement Funds 73 Exchange-Traded Funds (ETFs) 74 Mutual Funds 75 Real Estate 75 Traditional 401(k) 78 Roth IRA 80 Health Savings Accounts 80 Cryptocurrencies 81 Active vs. Passive Investing 82 The “Passive-first” Investment Strategy 83 Long-term Investing Makes Millionaires 85 Why Dollar-cost Averaging Works 86 Are Stocks Down? Don’t Panic! 87 Habit # 7 Millionaires Save for Emergencies 91 How Much Should You Save? 93 How to Set Up Your First Emergency Fund 93 Step 1: Separate It 94 Step 2: Make It a Priority 95 Step 3: Use Automation to Make It Easy 95 Where Should You Keep Your Emergency Savings 96 What Is An Emergency? 97 Habit # 8 Millionaires Create Their Own Luck 101 Our Choices Compound 103 How to Create Your Own Luck 105 Adopt a Positive Mindset 106 Take Calculated Risks 107 Be Proactive 109 Be Open-minded 110 Visualize Your Success 111 Work Hard 113 Build a high-quality Network 114 Ditch Your Comfort Zone 115 Volunteer 117 Habit # 9 Millionaires Control Their Spending 119 Your Income Doesn’t Equal Your Wealth 120 The Five-step Framework to Control Your Spending 121 Step 1: Identify All Your Expenses 121 Step 2: Decide on Expenses to Cut or Reduce 123 Step 3: Create a Spending Plan 125 Step 4: Track Your Expenses 126 Step 5: Set Financial Goals 127 The Difference between Cheap and Frugal 128 The 72-hour Rule 130 Habit # 10 Millionaires Stay Out of [Bad] Debt 133 The Two Types of Debt 134 How to Get Out of Debt 139 The Debt Avalanche Method 140 The Debt Snowball Method 142 How to Stay Out of Debt 144 Part 2: How to Fire—what Is Financial Independence Retire Early? 147 The Simple Math Behind FIRE 153 When Have You Achieved FIRE? 154 You Can Fall Out of Financial Independence 158 Health Care in Retirement 161 Healthshares 162 Traditional Health Care 164 Cobra 165 Medicaid 166 No Health Insurance 166 The Different Flavors of FIRE 169 TraditionalFIRE 169 LeanFIRE 170 FatFIRE 171 CoastFIRE 171 BaristaFIRE 172 HybridFIRE 173 Debunking the Criticisms of FIRE 175 Why You Should Never Retire Early 181 What Are You Retiring To? 183 What’s Next? 185 Bonus Chapter: Why Credit Cards Are a Gold Mine 187 Benefits of Using Credit Cards 188 How Credit Cards Get Hacked 189 How to Use Credit Cards Wisely 190 1. Use Credit Cards Only as a Convenience 190 2. Choose Credit Cards with the Best Perks 191 3. Pay Off the Card Every Month 192 Bonus Chapter: Why “Follow Your Passion” Is Bad Advice 193 Problem: It Assumes That Our Passions Never Change 194 Problem: It Makes It Seem as If Jobs Should Be Fun 194 Problem: Full-time Jobs Destroy Passions 195 Problem: Your Passions Are Not Always Your Strengths 195 Problem: You Might Not Know Your Passion 196 Bonus Chapter: How to Talk to Your Spouse about Money 199 Conclusion 203 Acknowledgments 205 About the Author 207 Index 209

Read more less

Book SynopsisTable of ContentsForeword ix Timeline of Key Events xi Prologue xv Chapter 1: The Dark Web: The Origins of Crypto Laundering 1 Chapter 2: Black Holes: The Rise of the Rogue Exchange 23 Chapter 3: Mixers: Covering Up Their Tracks 39 Chapter 4: Privacy Coins: Going Underground 59 Chapter 5: Bitcoin ATMs: Crypto Hits the Streets 83 Chapter 6: Ransomware: Cybercrime Goes Industrial 97 Chapter 7: Hacked: Crypto Exchange Heists 123 Chapter 8: DeFi: Tornadoes, Bridges, and the Frontiers of Regulation 139 Chapter 9: NFTs: Virtual Art, Virtual Crime 163 Chapter 10: Brave New World: The Metaverse, Web 3.0, and the Battle for the Future of Finance 177 Afterword: How Much Crime in Crypto? 193 Acknowledgements 199 Glossary 201 List of Figures 207 Bibliography 209 Notes 211 Index 249

Read more less