Investment and securities Books
John Wiley & Sons Inc The Bogleheads Guide to Investing
Book SynopsisTable of ContentsAcknowledgments xiii Foreword by John C. Bogle xv Introduction xxiii Part I Essentials Of Successful Investing Chapter 1 Choose A Sound Financial Lifestyle 3 Chapter 2 Start Early And Invest Regularly 13 Chapter 3 Know What You're Buying: Part One 25 Chapter 4 Know What You're Buying: Part Two 39 Chapter 5 Preserve Your Buying Power With Inflation-Protected Bonds 49 Chapter 6 How Much Do You Need To Save? 63 Chapter 7 Keep It Simple 75 Chapter 8 Asset Allocation 89 Chapter 9 Costs Matter 109 Chapter 10 Taxes: Part One 119 Chapter 11 Taxes: Part Two 131 Chapter 12 Diversification 143 Chapter 13 Performance Chasing And Market Timing Are Hazardous To Your Wealth 153 Chapter 14 Savvy Ways To Invest For College 169 Chapter 15 How To Manage A Windfall Successfully 179 Chapter 16 Do You Need An Advisor? 187 Part II Follow-Through Strategies To Keep You On Target Chapter 17 Track Your Progress And Rebalance When Necessary 199 Chapter 18 Tune Out The "Noise" 211 Chapter 19 Mastering Your Investments Means Mastering Your Emotions 223 Chapter 20 Making Your Money Last Longer Than You Do 235 Chapter 21 Protect Your Assets By Being Well-Insured 243 Chapter 22 Passing It On When You Pass On 257 Chapter 23 You Can Do It 265 Appendices Appendix I: Glossary Of Financial Terms 273 Appendix II: Books We Recommend 279 Appendix III: Financial Websites We Recommend 283 Appendix IV: Vanguard Asset Allocation Questionnaire And Pie Charts 287 About The Authors 293 Index 295
£17.10
John Wiley & Sons Inc Trading Psychology For Dummies
Book SynopsisTable of ContentsIntroduction 1 Part 1: The Sovereign Trader 9 Chapter 1: Brain-Compatible Trading 11 Chapter 2: Developing Mental Strength 19 Part 2: Making a Successful Trade 35 Chapter 3: Developing Your Personal Trading System 37 Chapter 4: Implementing Your Trading Plans 63 Part 3: Emotional Sovereignty 83 Chapter 5: Seeing Trading as Personality Development 85 Chapter 6: Practicing Mental Self-Coaching 107 Chapter 7: The Psychology of Coping with Losses 121 Chapter 8: Adopting Techniques for Coping with Stress and Anxiety 139 Part 4: Making Decisions Safely 151 Chapter 9: Untangling Decision-Making’s Hidden Path 153 Chapter 10: Using Evolutionary Rules of Thumb 165 Chapter 11: Finding the Right Basis for Decision-Making in Trading 171 Part 5: Keeping Bad Behavior in Check 185 Chapter 12: Avoiding the Obvious Mistakes 187 Chapter 13: Dealing with the Stock Exchange’s Collective Misbehavior 199 Chapter 14: Getting a Better Grip on Your Trading Ego 215 Chapter 15: Fear: Your Constant Trading Companion 225 Part 6: The Parts of Ten 243 Chapter 16: Ten Psychological Traps to Avoid When Trading 245 Chapter 17: Ten Success Secrets of Mentally Superior Traders 251 Chapter 18: Ten Guiding Principles for the Perfect Trading Day 257 Index 267
£19.54
Harriman House Publishing The Zulu Principle
Book SynopsisJim Slater's classic text brought back into print Jim Slater makes available to the investor - whether the owner of only a few shares or an experienced investment manager with a large portfolio - the secrets of his success. Central to his strategy is "The Zulu Principle", the benefits of homing in on a relatively narrow area. Deftly blending anecdote and analysis, Jim Slater gives valuable selective criteria for buying dynamic growth shares, turnarounds, cyclicals, shells and leading shares. He also covers many other vitally relevant aspects of investment such as creative accounting, portfolio management, overseas markets and the investor's relationship with his or her broker. From "The Zulu Principle" you will learn exactly when to buy shares and, even more important, when to sell - in essence, how to to make 'extraordinary profits from ordinary shares'.Table of ContentsAcknowledgements Preface to the 1992 edition Preface 2008, Jim Slater 1. Winning 2. Small dynamic growth shares 3. Earnings, growth rates and the PEG factor 4. Creative accounting 5. Liquidity, cash flow and borrowings 6. Something new 7. Competitive advantage 8. Momentum and relative strength 9. Other criteria 10. Weighting the criteria 11. Cyclicals and turnarounds 12. Shells 13. Asset situations and value investing 14. Leading shares 15. Overseas markets 16. Your broker and you 17. Portfolio management 18. The Market 19. Ten guidelines 20. Glossary Index
£21.25
Kogan Page How the Stock Market Works
Book SynopsisMichael Becket is an experienced financial journalist. He was previously the City news editor and small business editor of The Daily Telegraph and has written for numerous publications including The Spectator, Accountancy Age and Money. He has lectured at the University of Manchester, Cranfield University and City, University of London. He is the author of multiple books.
£15.29
John Wiley & Sons Inc The Little Book of Market Wizards
Book SynopsisWhat differentiates the highly successful market practitioners - the Market Wizards - from ordinary traders? What traits do they share? What lessons can the average trader learn from those who achieved superior returns for decades while still maintaining strict risk control? This book deals with these questions.Table of ContentsForeword by Peter L. Brandt xi Preface xv Chapter One Failure Is Not Predictive 1 Chapter Two What Is Not Important 9 Chapter Three Trading Your Own Personality 15 Chapter Four The Need for an Edge 23 Chapter Five The Importance of Hard Work 27 Chapter Six Good Trading Should Be Effortless 35 Chapter Seven The Worst of Times, the Best of Times 41 Chapter Eight Risk Management 47 Chapter Nine Discipline 61 Chapter Ten Independence 69 Chapter Eleven Confidence 73 Chapter Twelve Losing Is Part of the Game 77 Chapter Thirteen Patience 83 Chapter Fourteen No Loyalty 93 Chapter Fifteen Size Matters 103 Chapter Sixteen Doing the Uncomfortable Thing 115 Chapter Seventeen Emotions and Trading 125 Chapter Eighteen Dynamic versus Static Trading 135 Chapter Nineteen Market Response 145 Chapter Twenty The Value of Mistakes 157 Chapter Twenty-One Implementation versus Idea 163 Chapter Twenty-Two Off the Hook 167 Chapter Twenty-Three Love of the Endeavor 173 Appendix: Options—Understanding the Basics 177 Notes 185 About the Author 189
£17.85
John Wiley & Sons Inc Algorithmic Trading
Book SynopsisFocuses on quantitative trading. This book offers readers an insight into how and why each trading strategy was developed, how it was implemented, and even how it was coded. It is suitable for anyone looking to create their own systematic trading strategies.Table of ContentsPreface ix Chapter 1 Backtesting and Automated Execution 1 Chapter 2 The Basics of Mean Reversion 39 Chapter 3 Implementing Mean Reversion Strategies 63 Chapter 4 Mean Reversion of Stocks and ETFs 87 Chapter 5 Mean Reversion of Currencies and Futures 107 Chapter 6 Interday Momentum Strategies 133 Chapter 7 Intraday Momentum Strategies 155 Chapter 8 Risk Management 169 Conclusion 187 Bibliography 191 About the Author 197 About the Website 199 Index 201
£45.00
Adams Media Corporation Stock Market 101 2nd Edition
Book SynopsisDiscover the ins and outs of Wall Street with the 2nd edition to the engaging, informative, and easy-to-navigate guide to investing with all-new entries and updates throughout.Investing for the first time can be intimidating. In easy-to-understand language, Stock Market 101, 2nd Edition provides the groundwork needed to begin building knowledge on the stock market. It cuts out the boring explanations of basic investing, and instead provides hands-on lessons that keep you engaged as you learn how to build a portfolio and expand your wealth. Full of basic definitions and real-life examples, Stock Market 101, 2nd Edition alleviates any uneasy or overwhelmed feelings during your first steps toward your investment goals. From bull markets to bear markets to sideways markets, this primer is packed with hundreds of entertaining tidbits and concepts that you won’t be able to get anywhere else. So whether you’re looking to master the major princi
£10.44
John Wiley & Sons Inc The Warren Buffett Way Workbook
Book SynopsisThe Warren Buffett Way Workbook consists of over 500 questions and answers to help readers of The Warren Buffett Way reinforce and cement their knowledge of Buffett s hugely successful investment approach.Table of ContentsPreface ix Part I Questions Chapter One A Five-Sigma Event: The World’s Greatest Investor 3 Multiple-Choice Questions 3 Essay Questions 8 Chapter Two The Education of Warren Buffett 9 Multiple-Choice Questions 9 Essay Questions 17 Chapter Three Buying a Business: The Twelve Immutable Tenets 19 Multiple-Choice Questions 19 Essay Questions 31 Chapter Four Common Stock Purchases: Nine Case Studies 35 Multiple-Choice Questions 35 Essay Questions 48 Chapter Five Portfolio Management: The Mathematics of Investing 53 Multiple-Choice Questions 53 Essay Questions 64 Chapter Six The Psychology of Investing 67 Multiple-Choice Questions 67 Essay Questions 73 Chapter Seven The Value of Patience 77 Multiple-Choice Questions 77 Essay Questions 82 Chapter Eight The World’s Greatest Investor 85 Multiple-Choice Questions 85 Essay Questions 95 Part II Answers Chapter One A Five-Sigma Event: The World’s Greatest Investor 99 Answers to Multiple-Choice Questions 99 Essay Answers 102 Chapter Two The Education of Warren Buffett 107 Answers to Multiple-Choice Questions 107 Essay Answers 112 Chapter Three Buying a Business: The Twelve Immutable Tenets 119 Answers to Multiple-Choice Questions 119 Essay Answers 127 Chapter Four Common Stock Purchases: Nine Case Studies 139 Answers to Multiple-Choice Questions 139 Essay Answers 148 Chapter Five Portfolio Management: The Mathematics of Investing 163 Answers to Multiple-Choice Questions 163 Essay Answers 170 Chapter Six The Psychology of Investing 181 Answers to Multiple-Choice Questions 181 Essay Answers 186 Chapter Seven The Value of Patience 193 Answers to Multiple-Choice Questions 193 Essay Answers 196 Chapter Eight The World’s Greatest Investor 201 Answers to Multiple-Choice Questions 201 Essay Answers 207 About the Authors 213
£17.85
John Wiley & Sons Inc Encyclopedia of Chart Patterns
Book SynopsisTable of ContentsIntroduction 1 1 How to Trade Chart Patterns 9 2 AB=CD®, Bearish* 27 3 AB=CD®, Bullish* 36 4 Bat®, Bearish* 44 5 Bat®, Bullish* 52 6 Big M* 60 7 Big W* 77 8 Broadening Bottoms 95 9 Broadening Formation, Right-Angled and Ascending 114 10 Broadening Formation, Right-Angled and Descending 132 11 Broadening Tops 153 12 Broadening Wedge, Ascending 175 13 Broadening Wedge, Descending 192 14 Bump-and-Run Reversal, Bottom 208 15 Bump-and-Run Reversal, Top 227 16 Butterfly®, Bearish* 245 17 Butterfly®, Bullish* 255 18 Cloudbanks* 263 19 Crab®, Bearish* 277 20 Crab®, Bullish* 286 21 Cup with Handle 294 22 Cup with Handle, Inverted 311 23 Diamond Bottoms 326 24 Diamond Tops 344 25 Diving Board* 362 26 Double Bottoms, Adam & Adam 379 27 Double Bottoms, Adam & Eve 398 28 Double Bottoms, Eve & Adam 419 29 Double Bottoms, Eve & Eve 438 30 Double Tops, Adam & Adam 458 31 Double Tops, Adam & Eve 476 32 Double Tops, Eve & Adam 494 33 Double Tops, Eve & Eve 510 34 Flags 526 35 Flags, High and Tight 542 36 Gaps 555 37 Gartley, Bearish* 568 38 Gartley, Bullish* 577 39 Head-and-Shoulders Bottoms 585 40 Head-and-Shoulders Bottoms, Complex 601 41 Head-and-Shoulders Tops 618 42 Head-and-Shoulders Tops, Complex 636 43 Horn Bottoms 653 44 Horn Tops 668 45 Island Reversals 682 46 Measured Move Down 699 47 Measured Move Up 713 48 Pennants 726 49 Pipe Bottoms 743 50 Pipe Tops 760 51 Rectangle Bottoms 773 52 Rectangle Tops 792 53 Roof* 811 54 Roof, Inverted* 825 55 Rounding Bottoms 839 56 Rounding Tops 855 57 Scallops, Ascending 871 58 Scallops, Ascending and Inverted 888 59 Scallops, Descending 903 60 Scallops, Descending and Inverted 921 61 Three Falling Peaks 936 62 Three Peaks and Domed House* 952 63 Three Rising Valleys 960 64 Triangles, Ascending 976 65 Triangles, Descending 997 66 Triangles, Symmetrical 1019 67 Triple Bottoms 1040 68 Triple Tops 1057 69 V-Bottoms* 1075 70 V-Bottoms, Extended* 1089 71 V-Tops* 1104 72 V-Tops, Extended* 1118 73 Wedges, Falling 1131 74 Wedges, Rising 1148 75 Wolfe Wave®, Bearish* 1164 76 Wolfe Wave®, Bullish* 1174 Statistics Summary 1184 Glossary 1197 Visual Index of Chart Patterns 1212
£89.10
Simon & Schuster Ltd 7 Secrets to Investing Like Warren Buffett
Book SynopsisA complete guide for beginning investors who want to understand how to invest like Warren Buffett. This is one of the first books to showcase both Warren Buffett’s Value Investing technique and his life skills and habits for beginning investors. Sustainable results often come from changes in lifestyle and habits; hence, the first section of the book discusses habits that one needs to adopt to be able to invest like Warren Buffett, and prepares readers for a lifelong journey of wealth building. The second section examines specific stock-picking techniques. The authors look at timeless principles as well as latest ideas on where to find great investment ideas, and share specific financial indicators they look for in a good investment. The authors explain valuation principles and techniques that help investors decide when to buy a stock. The techniques are inspired by investor and economist, Benjamin Graham, the 'father of value in
£11.69
John Wiley & Sons Inc Getting Started in Chart Patterns
Book SynopsisYour plain-English guide to understanding and using technical chart patterns Chart pattern analysis is not only one of the most important investing tools, but also one of the most popular.Table of ContentsPreface to First and Second Editions ix Acknowledgments xi Chapter 1 Introduction to Chart Patterns 1 Chapter 2 Identifying Chart Patterns 7 Chapter 3 The Truth about Trendlines 17 Chapter 4 Support and Resistance 35The Most Important Chart Patterns Chapter 5 Ten Buy Signals 53 Chapter 6 Ten Sell Signals 119 Chapter 7 Special Situations 191 Chapter 8 Busted Patterns 225Making Money by Trading Failure Chapter 9 More Trades 255Putting It All Together Chapter 10 The Art of Trading 285Checklists Chapter 11 Crunching the Numbers 323 Glossary 327 Visual Index of Chart Patterns 333 About the Author 339 Index 341
£17.85
McGraw-Hill Education Essentials of Investments 2024 Release ISE
Book SynopsisThe market-leading undergraduate investments textbook, Essentials of Investments by Bodie, Kane, and Marcus, continually adapts to the dynamic shifts in financial markets while maintaining a core theme that security markets are nearly efficient, meaning you shouldn''t expect to find obvious bargains in these markets. This text places significant emphasis on asset allocation, seamlessly integrating practical applications of investment theory. Focus on investment analysis allows the authors to present the practical applications of investment theory and convey practical value insights. A collection of Excel spreadsheets is provided to give you the tools to explore concepts more deeply. In their commitment to bridging theory with practice, the author team aligns their approach with that of the CFA Institute. The inclusion of questions from previous CFA exams in the end-of-chapter problems, along with CFA-style questions derived from Kaplan-Schweser C
£55.79
Adams Media Corporation The Everything Guide to Investing in Your 20s
Book SynopsisAll you need to know about investing safely and smartly, with new information on the latest options—from commodities to bitcoin to real estate and private equity—in this comprehensive and updated guide to understanding the current market, setting realistic goals, and achieving financial success.The Everything Guide to Investing in Your 20s & 30s, 3rd Edition is a comprehensive, step-by-step guide designed to navigate beginners through their investment journey. From understanding basic investment principles, to exploring a host of investment options, this book offers a broad perspective of the investment world. With a primary focus on those between the ages of twenty and forty, the book demystifies complex investment terminologies and strategies, making them easy to understand and apply. It contains practical advice on how to make wise investment decisions, insights on wealth growth, and tips to avoid common investment pitfalls. Including updated information on sustainable investing, investment apps, retirement savings, ETFs, and alternate investing. You will find specific examples of investment strategies, real-world scenarios, and several DIY investing options specifically tailored for their age group so they can start making their money work for them now!
£11.69
John Wiley & Sons Inc The Accidental Investment Banker
Book Synopsis"Entertainingly indiscreet... Knee's talent for wicked pen portraits is put to good use. "--Financial Times Investment bankers used to be known as respectful of their clients, loyal to their firms, and chary of the financial system that allowed them to prosper.Trade Review"…"warts and all" account of the boom and bust of the late 1990s up until the start of this century." (The Wharf, Thursday 16th August 2007) "...a Wall Street soap opera in the vein of Michael Lewis's Liar's Poker about Knee's time at Morgan Stanley and Goldman Sachs." (Financial Times, Saturday 25th August 2007) “an unusually candid view” (Reuters, Wednesday 5th September 2007) "…this is a compelling read for both navel-gazing corporate financiers and voyeurs of the City and Wall Street." (CPO Agenda, Autumn 2007) "really a great read...will go down as one of the great books on investment banking, just like Liar's Poker" (City AM Podcast, Wednesday 19th December 2007) "Easy enough to understand for even someone outside the industry" (Gulf Business, March 2008) “…candid view of some of the big Wall Street firms, especially Goldman Sachs and Morgan Stanley.” (Breakingviews.com , Wednesday 16th April 2008)Table of Contents1 A Chicken in Every Pot 2 The Accidental Investment Banker 3 An Empire on It's Own 4 "Let's Ask Sidney Weinberg" 5 What Investment Bankers Really Do 6 The Culture of M&A 7 The Rise of John Thornton 8 The House of Morgan 9 Cracks in the Façade 10 Drama of the Gifted Banker 11 Take a Walk on the Buy-Side 12 "Save the Red Carpet for the talent" 13 View from the Top 14 The Myth of Meritocracy 15 King of the SLC's 16 The Long Goodbye
£11.70
Taylor & Francis Inc The American Stock Exchange
Book SynopsisResearch and Information Guides in Business, Industry, and Economic Institutions series will bridge the gap between classical forms of literature and new alternative formats. Each guide will be devoted to an industry, a profession, a managerial process, or a field of study. This guide to information resources on the American Stock Exchange is not intended to be a detailed history of the Amex. It does cover the literature of the Exchange from 1900 through 1993. Research methodology included searching of major cataloging systems, reviewing of print and electronic indexes, and summarizing of publications in the American Stock Exchange library. All publications identified were read and summarized.Table of ContentsPREFACE 1. INTRODUCTION AND HISTORY 2. CURB EXCHANGE: EARLY HISTORY (1900-1953) 3. AMERICAN STOCK EXCHANGE: RECENT HISTORY (1953-1972) 4. AMERICAN STOCK EXCHANGE: RECENT HISTORY (1973-1993) 5. TRADING INSTRUMENTS AND INDICES 6. REGULATORY ASPECTS 7. ECONOMIC ASPECTS
£94.99
Harriman House Publishing The Naked Traders Book of Trading Strategies
Book SynopsisWould you like to be your own boss? To spend your days doing pretty much what you like ? and get paid ten times as much as you used to for sitting at a laptop for someone who doesn?t care about you?There?s no doubt that being a financial trader is one of the best ways to achieve this. Robbie Burns ? aka The Naked Trader ? knows this from experience. Twenty-two years ago he took the leap. Since then he has traded his way in stocks and shares from a few grand to over 3m ($5m).Along the way, he recorded a lot of his trades. He also steadily built up an arsenal of effective trading strategies: ideas that make money. Repeatedly. With no technical nonsense, no complicated equations or weird theories, just common sense and logic ? which turns out not to be so common in the markets?This all-new book brings them together in one place for the first time, and shows them in action, in a compelling follow-up to his bestselling Naked Trader books.Learn how to trade the news, dash for cash, go against the crowd, play dumb to make smart money, tame black swans, score by structuring your portfolio like a football team, perfect the art of the entry, become brilliant at bouncebacks, set stop-losses like a pro? and tons more!With Robbie?s trademark humour and unrivalled honesty, this book will help you kickstart your trading career, or revive it after running into difficulties ? and set you on the way to freedom and financial security.
£17.09
Pecaut and Company University of Berkshire Hathaway
Book SynopsisEach year, for thirty years, two veteran investment advisors attended Berkshire Hathaway's Annual Shareholders Meeting. After each meeting, they chronicled Warren Buffett and Charlie Munger's best lessons from that year. This book compiles those thirty years of wisdom for the first time.
£29.69
John Wiley & Sons Inc Naked Forex
Book SynopsisA streamlined and highly effective approach to trading without indicators Most forex traders rely on technical analysis books written for stock, futures, and option traders. However, long before computers and calculators, traders were trading naked. Naked trading is the simplest (and oldest) trading method.Table of ContentsForeword ix Preface xi Acknowledgments xiii Part One Naked Forex Trading Revealed Chapter 1 The Fundamentals of Forex Trading 3 Chapter 2 Avoiding a Trading Tragedy 9 Chapter 3 Back-Testing Your System 25 Chapter 4 Identifying Support and Resistance Zones 39 Part Two Naked-Trading Methodology Chapter 5 The Last Kiss 73 Chapter 6 The Big Shadow 95 Chapter 7 Wammies and Moolahs 111 Chapter 8 Kangaroo Tails 131 Chapter 9 The Big Belt 151 Chapter 10 The Trendy Kangaroo 163 Chapter 11 Exiting the Trade 177 Part Three Trading Psychology Chapter 12 The Forex Cycle 203 Chapter 13 Creating Your Trading System 209 Chapter 14 Becoming an Expert 229 Chapter 15 Gaining Confidence 239 Chapter 16 Managing Risk 249 About the Trading Software and Video Tutorial 261 About the Authors 263 Index 265
£45.71
John Wiley & Sons Inc HighFrequency Trading
Book SynopsisA fully revised second edition of the best guide to high-frequency trading High-frequency trading is a difficult, but profitable, endeavor that can generate stable profits in various market conditions. But solid footing in both the theory and practice of this discipline are essential to success. Whether you''re an institutional investor seeking a better understanding of high-frequency operations or an individual investor looking for a new way to trade, this book has what you need to make the most of your time in today''s dynamic markets. Building on the success of the original edition, the Second Edition of High-Frequency Trading incorporates the latest research and questions that have come to light since the publication of the first edition. It skillfully covers everything from new portfolio management techniques for high-frequency trading and the latest technological developments enabling HFT to updated risk management strategies and how to safeguard iTable of ContentsPreface xi Acknowledgments xiii Chapter 1 How Modern Markets Differ from Those Past 1 Media, Modern Markets, and HFT 6 HFT as Evolution of Trading Methodology 7 What Is High-Frequency Trading? 13 What Do High-Frequency Traders Do? 15 How Many High-Frequency Traders Are There? 17 Major Players in the HFT Space 17 Organization of This Book 18 Summary 18 End-of-Chapter Questions 19 Chapter 2 Technological Innovations, Systems, and HFT 21 A Brief History of Hardware 21 Messaging 25 Software 33 Summary 35 End-of-Chapter Questions 35 Chapter 3 Market Microstructure, Orders, and Limit Order Books 37 Types of Markets 37 Limit Order Books 39 Aggressive versus Passive Execution 43 Complex Orders 44 Trading Hours 45 Modern Microstructure: Market Convergence and Divergence 46 Fragmentation in Equities 46 Fragmentation in Futures 50 Fragmentation in Options 51 Fragmentation in Forex 51 Fragmentation in Fixed Income 51 Fragmentation in Swaps 51 Summary 52 End-of-Chapter Questions 52 Chapter 4 High-Frequency Data 53 What Is High-Frequency Data? 53 How Is High-Frequency Data Recorded? 54 Properties of High-Frequency Data 56 High-Frequency Data Are Voluminous 57 High-Frequency Data Are Subject to the Bid-Ask Bounce 59 High-Frequency Data Are Not Normal or Lognormal 62 High-Frequency Data Are Irregularly Spaced in Time 62 Most High-Frequency Data Do Not Contain Buy-and-Sell Identifiers 70 Summary 73 End-of-Chapter Questions 74 Chapter 5 Trading Costs 75 Overview of Execution Costs 75 Transparent Execution Costs 76 Implicit Execution Costs 78 Background and Definitions 82 Estimation of Market Impact 85 Empirical Estimation of Permanent Market Impact 88 Summary 96 End-of-Chapter Questions 96 Chapter 6 Performance and Capacity of High-Frequency Trading Strategies 97 Principles of Performance Measurement 97 Basic Performance Measures 98 Comparative Ratios 106 Performance Attribution 110 Capacity Evaluation 112 Alpha Decay 116 Summary 116 End-of-Chapter Questions 116 Chapter 7 The Business of High-Frequency Trading 117 Key Processes of HFT 117 Financial Markets Suitable for HFT 121 Economics of HFT 122 Market Participants 129 Summary 130 End-of-Chapter Questions 130 Chapter 8 Statistical Arbitrage Strategies 131 Practical Applications of Statistical Arbitrage 133 Summary 144 End-of-Chapter Questions 144 Chapter 9 Directional Trading Around Events 147 Developing Directional Event-Based Strategies 148 What Constitutes an Event? 149 Forecasting Methodologies 150 Tradable News 153 Application of Event Arbitrage 155 Summary 163 End-of-Chapter Questions 163 Chapter 10 Automated Market Making—Naïve Inventory Models 165 Introduction 165 Market Making: Key Principles 167 Simulating a Market-Making Strategy 167 Naïve Market-Making Strategies 168 Market Making as a Service 173 Profitable Market Making 176 Summary 178 End-of-Chapter Questions 178 Chapter 11 Automated Market Making II 179 What’s in the Data? 179 Modeling Information in Order Flow 182 Summary 193 End-of-Chapter Questions 193 Chapter 12 Additional HFT Strategies, Market Manipulation, and Market Crashes 195 Latency Arbitrage 196 Spread Scalping 197 Rebate Capture 198 Quote Matching 199 Layering 200 Ignition 201 Pinging/Sniping/Sniffing/Phishing 201 Quote Stuffing 201 Spoofing 202 Pump-and-Dump 202 Machine Learning 207 Summary 208 End-of-Chapter Questions 208 Chapter 13 Regulation 209 Key Initiatives of Regulators Worldwide 209 Summary 222 End-of-Chapter Questions 223 Chapter 14 Risk Management of HFT 225 Measuring HFT Risk 225 Summary 244 End-of-Chapter Questions 244 Chapter 15 Minimizing Market Impact 245 Why Execution Algorithms? 245 Order-Routing Algorithms 247 Issues with Basic Models 258 Advanced Models 262 Practical Implementation of Optimal Execution Strategies 269 Summary 269 End-of-Chapter Questions 270 Chapter 16 Implementation of HFT Systems 271 Model Development Life Cycle 271 System Implementation 273 Testing Trading Systems 283 Summary 286 End-of-Chapter Questions 287 About the Author 288 About the Web Site 290 References 291 Index 303
£51.00
John Wiley & Sons Inc Modern Portfolio Theory and Investment Analysis
Book SynopsisTable of ContentsTable of Contents PART 1 INTRODUCTION Chapter 1: Introduction Chapter 2: Financial Securities Chapter 3: Financial Markets PART 2 PORTFOLIO ANALYSIS Section 1 MEAN VARIANCE PORTFOLIO THEORY Chapter 4: The Characteristics of the Opportunity Set Under Risk Chapter 5: Delineating Efficient Portfolios Chapter 6: Techniques for Calculating the Efficient Frontier Section 2 SIMPLIFYING THE PORTFOLIO SELECTION PROCESS Chapter 7: The Correlation Structure of Security Returns: The Single-Index Model Chapter 8: The Correlation Structure of Security Returns: Multi-Index Models and Grouping Techniques Chapter 9: Simple Techniques for Determining the Efficient Frontier Section 3 SELECTING THE OPTIMUM PORTFOLIO Chapter 10: Estimating Expected Returns Chapter 11: How to Select Among the Portfolios in the Opportunity Set Section 4 WIDENING THE SELECTION UNIVERSE Chapter 12: International Diversification PART 3 MODELS OF EQUILIBRIUM IN THE CAPITAL MARKETS Chapter 13: The Standard Capital Asset Pricing Model Chapter 14: Nonstandard Forms of Capital Asset Pricing Models Chapter 15: Empirical Tests of Equilibrium Models Chapter 16: The Arbitrage Pricing Model APT – A Multifactor Approach to Explaining Asset Prices PART 4 SECURITY ANALYSIS AND PORTFOLIO THEORY Chapter 17: Efficient Markets Chapter 18: The Valuation Process Chapter 19: Earnings Estimation Chapter 20: Behavioral Finance, Investor Decision Making, and Asset Prices Chapter 21: Interest Rate Theory and the Pricing of Bonds Chapter 22: The Management of Bond Portfolios Chapter 23: Option Pricing Theory Chapter 24: The Valuation and Uses of Financial Futures PART 5 EVALUATING THE INVESTMENT PROCESS Chapter 25: Mutual Funds Chapter 26: Evaluation of Portfolio Performance Chapter 27: Evaluation of Security Analysis Chapter 28: Portfolio Management Revisited Index
£53.15
John Wiley & Sons Inc AI Investing For Dummies
Book Synopsis
£19.54
Harriman House Publishing The Art of Execution
Book SynopsisIt was only intended to make money, but it turned out to be the perfect experiment for discovering the true secrets of investing.
£16.99
Cambridge University Press Boom and Bust
Book SynopsisWhy do stock and housing markets sometimes experience amazing booms followed by massive busts and why is this happening more and more frequently? In order to answer these questions, William Quinn and John D. Turner take us on a riveting ride through the history of financial bubbles, visiting, among other places, Paris and London in 1720, Latin America in the 1820s, Melbourne in the 1880s, New York in the 1920s, Tokyo in the 1980s, Silicon Valley in the 1990s and Shanghai in the 2000s. As they do so, they help us understand why bubbles happen, and why some have catastrophic economic, social and political consequences whilst others have actually benefited society. They reveal that bubbles start when investors and speculators react to new technology or political initiatives, showing that our ability to predict future bubbles will ultimately come down to being able to predict these sparks.Trade Review'Where do financial bubbles come from? Can – and should – policy makers always try to stop them? Can investors avoid them? Quinn and Turner take us on an informative, engaging tour of the last three hundred years of bubbles and, using history as their guide, provide intriguing answers.' Richard S. Grossman, author of WRONG: Nine Economic Policy Disasters and What We Can Learn from Them.'Quinn and Turner argue that the essential elements of capital markets: money, credit and speculation are also the necessary ingredients of financial bubbles. Can we have one without the other?' William Goetzmann, author of Money Changes Everything: How Finance Made Civilization Possible'Quinn and Turner have made a major contribution to the literature on financial speculation and the bubbles to which they contribute. Not only do they provide an analytical dissection of ten salient episodes over some 300 years, they embed these narratives in an explanatory framework – the 'bubble triangle' – that links the relative marketability of financial assets and the supply of credit to speculative excess. Thus, Boom and Bust shows how to mine history for meaning, with lessons relevant today for investors and policy-makers alike.' Bill Janeway, author of Doing Capitalism in the Innovation Economy: Reconfiguring the Three-Player Game between Markets, Speculators and the State'For anyone interested in financial history, Boom and Bust is essential reading.' John Plender, Financial Times'An action-packed romp through ten of the biggest bubbles and busts of the past three centuries … Some (most) finance books are arid and hard-going; this one I couldn't put down.' Alistair Haimes, The Critic'A lovely book. It describes and draws lessons from ten financial manias, from the South Sea Bubble to 'Casino Capitalism with Chinese Characteristics'. It also explains bubbles with what the authors call 'the bubble triangle'. Its three sides consists of oxygen, which is the 'marketability' of assets, fuel, which is 'money and credit' and heat, which is 'speculation'. This combination recurs repeatedly and so do bubbles. Just like fires, financial manias and crashes are destructive, but they can also be useful, by clearing out dead wood.' Martin Wolf, Financial Times, Best Books of 2020'A readable and impressively researched title to be enjoyed by the generalist or specialist.' Niall McGarrigle, Irish Times'Written with exquisite concision and packing a wealth of detail and citation into each chapter, Boom and Bust is an instant classic.' Rebecca L. Spang, Times Literary Supplement'This wonderful book is interesting, informative, and insightful … Highly recommended.' R. M. Whaples, ChoiceTable of ContentsList of figures; List of tables; 1. The bubble triangle; 2. 1720 and the invention of the bubble; 3. Marketability revived: the first emerging market bubble; 4. Democratising speculation: the great railway mania; 5. Other people's money: the Australian land boom; 6. Wheeler-dealers: the British bicycle mania; 7. The roaring twenties and the Wall Street Crash; 8. Blowing bubbles for political purposes: Japan in the 1980s; 9. The dot-com bubble; 10. 'No more boom and bust': the subprime bubble; 11. Casino capitalism with Chinese characteristics; 12. Predicting bubbles; Acknowledgements; Endnotes; Bibliography; Index.
£14.24
Harriman House Publishing The Geometry of Wealth
Book SynopsisJoint Gold medallist of the Axiom Business Book Award 2019 - Personal Finance/Retirement Planning/InvestingHow does money figure into a happy life?In The Geometry of Wealth, behavioral finance expert Brian Portnoy delivers an inspired answer, building on the critical distinction between being rich and being wealthy. While one is an unsatisfying treadmill, the other is the ability to underwrite a meaningful life, however one chooses to define that. Truly viewed, wealth is funded contentment.At the heart of this groundbreaking perspective, Portnoy takes readers on a journey toward wealth, informed by disciplines ranging from ancient history to modern neuroscience. He contends that tackling the big questions about a joyful life and tending to financial decisions are complementary, not separate, tasks.These big questions include:- How is the human brain wired for two distinct experiences of happiness? And why can money buy one but not the other?- What are the touchstones of a meaningful life, and are they affordable?- Why is market savvy among the least important sources of wealth but self-awareness is among the most?- How does one strike a balance between striving for more while being content with enough?This journey memorably contours along three basic shapes: A circle, triangle and square help us to visualize how we adapt to evolving circumstances, set clear priorities, and find empowerment in simplicity. In this accessible and entertaining book, Portnoy reveals that true wealth is achievable for many including those who despair it is out of reach but only in the context of a life in which purpose and practice are thoughtfully calibrated.Trade Review"Managing one's money is an emotionally fraught job, and comes with a confusing lexicon to boot. Is it any wonder so many individuals devote less time to their personal finances than they do planning their next vacation? Brian Portnoy's The Geometry of Wealth makes a bracing assertion: it doesn't have to be this way. In this elegant and insightful volume, he imparts the crucial message that building "wealth" isn't strictly about money, but finding the intersection between our life's purpose and the funds needed to achieve it. It's essential reading for serious and novice investors alike." -Christine Benz, Morningstar, Director of Personal Finance ; "In the Geometry of Wealth, Brian Portnoy has done something wholly unique and framed the conversation around money in a manner never before previously considered. Using a simple framework to make profound points, Dr. Portnoy has crafted a work that is simultaneously educational and poignant. For those looking to revolutionize their approach to money and even life, this book receives my highest recommendation." -Dr. Daniel Crosby, NYT bestselling author of The Laws of Wealth ; "In The Geometry of Wealth, Brian Portnoy has used his incredible talent for translating financial drudgery into simple, accessible, and entertaining prose to help us re-define our satisfaction with money. He has written a book that will leave you truly wealthier for reading it." -Corey Hoffstein, Chief Investment Officer, Newfound Research ; "The Geometry of Wealth walks you through what really matters in our relationship with money. In clear language, simple enough for my kids to understand and sophisticated enough for professionals, Portnoy gets to the heart of the issue. And that's the point - our relationship with money is about what's in our heart and what troubles our mind. Geometry brings it all together in a framework that every reader can follow to live a more contented life." -Ted Seides, Managing Partner, Hidden Brook Investments ; "Good books about money are few and far between. Great books about money - which provide useful investment analysis and helpful personal insight presented powerfully and engagingly - are as rare as a bad investment by Warren Buffett, largely because the universe of terrific writers with the academic power and practical experience to write such a book is vanishingly small. The Geometry of Wealth is a great book about money because of who Brian Portnoy is, what he knows, and how well he writes. Don't miss it." -Bob Seawright, Chief Investment Officer, Madison Avenue Securities ; "The Geometry of Wealth is told in three parts, with each part matched with a shape that represents a journey from purpose to priorities to tactics. At each respective step, we adapt to life’s evolving circumstances, set clear and actionable priorities, and render difficult decisions easier through the act of simplification. Creating a seamless narrative, not accomplished elsewhere, as money tends to be addressed either in broad philosophical terms or wonky technical details and Portnoy is considered an expert at simplifying the complex world of money." -Brian Tramuel, Contributor for Retirement Savvy
£16.99
Harriman House Publishing Bulletproof Trader
Book SynopsisTrading can be intensely rewarding. But it is also one of the most mentally and emotionally challenging activities anyone can pursue. As in other high-performance domains, those who are serious about mastering their craft and staying in the game spend serious time working on their game, including training their mind and body.Steve Ward has spent the last 15 years working as a performance coach with financial traders and investors at some of the biggest and most successful investment banks, hedge funds, asset managers, commodities trading houses and proprietary trading groups across the globe, helping them to perform at their best, to navigate the highs and lows of trading and investing in the markets, and to sustain high performance for the long run.As one hedge fund client put it to him, It''s about becoming bulletproof.Becoming a bulletproof trader is forged over time through experience, and by applying the latest insights from biological and psychological sciences, the best that practical philosophy can teach us, and a healthy dose of pragmatism doing what actually works in the real world of trading the markets.This book brings together all of Steve''s latest insights into how to deal with stresses and setbacks and sustain high performance in a comprehensive, accessible and unmissable book, so that you too can become a bulletproof trader.Don''t trade without it.
£28.00
Penguin Books Ltd The Last Tycoons The Secret History of Lazard
Book SynopsisWilliam D. Cohan''s The Last Tycoons: The Secret History of Lazard Frères & Co. is the astonishing story of the world''s most elite and legendary investment bank - and the men who reigned over it all. For over 150 years Lazard Frères had stood apart from other Wall Street firms by offering ultra-wealthy clients the wisdom of its ''Great Men'': from Felix Rohatyn, the escapee from Nazi-occupied France turned financial genius, to Michel David-Weill, the inscrutable French billionaire ''Sun King''; from Steve Rattner, the boy wonder from Long Island who clashed violently with the old guard, to larger-than-life CEO Bruce Wasserstein, ''Bid-Em-Up-Bruce'', who broke with the bank''s traditions and made himself billions in the process. They amassed unimaginable fortunes and would stop at nothing to make a deal, until their titanic egos started to jeopardize everything. In The Last Tycoons William Cohan, himself a former high-level Wall Street banker, Trade ReviewRiveting … a genuine page-turner * Will Hutton *Spellbinding * Financial Times *A definitive account … it lives up to the billing * The Times *Has sent a jolt through Lazard and the rest of Wall Street * Wall Street Journal *An epic * The New York Times *Spellbinding * Financial Times *
£17.09
Penguin Books Ltd Aftermath
Book SynopsisA Wall Street Journal bestsellerFinancial expert, investment advisor and New York Times bestselling author James Rickards shows why and how global financial markets are being artificially inflated and what smart investors can do to protect their assets ------------------------------------------------------------------------The evidence of the past ten years proves that the most devastating financial crisis yet is just around the corner. The global elites are ready to protect their wealth. Are you?In Aftermath, bestselling financial expert James Rickards sketches the harrowing economic crisis that''s right around the corner and identifies the asset classes that are most-and least-exposed. Provocative, stirring, and full of counterintuitive advice, Aftermath is the book every smart investor needs to get their hands on - as soon as possible.
£14.24
Dorling Kindersley Ltd Girls Just Wanna Have Impact Funds
Book SynopsisDo you want to make money while making the world a better place? Then this is the book for you.After the bestselling success of Girls Just Wanna Have Funds, the founders of Female Invest are back, and this time they''re focusing on impact investing. Cutting through the noise and ditching the jargon, this book teaches you how to build wealth while creating positive change.From understanding investment basics to identifying the ethics behind different assets, you''ll learn how to make money while supporting the issues you really care about. By introducing you to important concepts and strategies, and combining them with simple, actionable steps, aligning your investments with your values has never been easier. The good news? You don''t need to be rich or an expert to get started.
£13.49
John Wiley & Sons Inc Foreign Exchange Option Pricing
Book Synopsis* This book covers foreign exchange options from the point of view of the finance practitioner.Table of ContentsAcknowledgements xiii List of Tables xv List of Figures xvii 1 Introduction 1 1.1 A Gentle Introduction to FX Markets 1 1.2 Quotation Styles 2 1.3 Risk Considerations 5 1.4 Spot Settlement Rules 5 1.5 Expiry and Delivery Rules 8 1.5.1 Expiry and delivery rules – days or weeks 8 1.5.2 Expiry and delivery rules – months or years 9 1.6 Cutoff Times 10 2 Mathematical Preliminaries 13 2.1 The Black–Scholes Model 13 2.1.1 Assumptions of the Black–Scholes model 13 2.2 Risk Neutrality 13 2.3 Derivation of the Black–Scholes equation 14 2.3.1 Equity derivatives (without dividends) 14 2.3.2 FX derivatives 15 2.3.3 Terminal conditions and present value 17 2.4 Integrating the SDE for S T 17 2.5 Black–Scholes PDEs Expressed in Logspot 18 2.6 Feynman–Kac and Risk-Neutral Expectation 18 2.7 Risk Neutrality and the Presumption of Drift 20 2.7.1 Equity derivatives (without dividends) 20 2.7.2 FX derivatives – domestic risk-neutral measure 21 2.7.3 FX derivatives – foreign risk-neutral measure 22 2.8 Valuation of European Options 23 2.8.1 Forward 26 2.9 The Law of One Price 27 2.10 The Black–Scholes Term Structure Model 28 2.11 Breeden–Litzenberger Analysis 30 2.12 European Digitals 31 2.12.1 Static replication for bid/offer digital pricing 32 2.13 Settlement Adjustments 32 2.14 Delayed Delivery Adjustments 33 2.14.1 Delayed delivery adjustments – digitals 33 2.14.2 Delayed delivery adjustments – Europeans 34 2.15 Pricing using Fourier Methods 35 2.15.1 European option pricing involving one numerical integral 37 2.16 Leptokurtosis – More than Fat Tails 38 3 Deltas and Market Conventions 41 3.1 Quote Style Conversions 41 3.2 The Law of Many Deltas 43 3.2.1 Pips spot delta 44 3.2.2 Percentage spot delta (premium adjusted) 45 3.2.3 Pips forward delta 45 3.2.4 Percentage forward delta (premium adjusted) 45 3.2.5 Simple delta 45 3.2.6 Equivalence between pips and percentage deltas 46 3.2.7 Premium adjustment 46 3.2.8 Summary 47 3.3 FX Delta Conventions 47 3.3.1 To premium adjust or not? 47 3.3.2 Spot delta or forward delta? 48 3.3.3 Notation 49 3.4 Market Volatility Surfaces 49 3.4.1 Sample market volatility surfaces 50 3.5 At-the-Money 50 3.5.1 At-the-money – ATMF 51 3.5.2 At-the-money – DNS 51 3.5.3 At-the-money strikes – summary 52 3.5.4 Example – EURUSD 1Y 52 3.5.5 Example – USDJPY 1Y 53 3.6 Market Strangle 53 3.6.1 Example – EURUSD 1Y 55 3.7 Smile Strangle and Risk Reversal 55 3.7.1 Smile strangle from market strangle – algorithm 56 3.8 Visualisation of Strangles 57 3.9 Smile Interpolation – Polynomial in Delta 59 3.9.1 Example – EURUSD 1Y – polynomial in delta 59 3.10 Smile Interpolation – SABR 60 3.10.1 Example – EURUSD 1Y – SABR 61 3.11 Concluding Remarks 62 4 Volatility Surface Construction 63 4.1 Volatility Backbone – Flat Forward Interpolation 65 4.2 Volatility Surface Temporal Interpolation 67 4.2.1 Volatility smile extrapolation 67 4.2.2 Volatility smile interpolation 68 4.2.3 Flat forward vol interpolation in smile strikes 69 4.2.4 Example – EURUSD 18M from 1Y and 2Y tenors – SABR 70 4.3 Volatility Surface Temporal Interpolation – Holidays and Weekends 70 4.4 Volatility Surface Temporal Interpolation – Intraday Effects 73 5 Local Volatility and Implied Volatility 77 5.1 Introduction 77 5.2 The Fokker–Planck Equation 78 5.2.1 Derivation of the one-dimensional Fokker–Planck equation 79 5.2.2 The multidimensional Fokker–Planck equation 82 5.3 Dupire’s Construction of Local Volatility 83 5.3.1 Dupire’s local volatility – the rd = rf = 0 case 84 5.3.2 Dupire’s local volatility – with nonzero but constant interest rates 85 5.4 Implied Volatility and Relationship to Local Volatility 86 5.5 Local Volatility as Conditional Expectation 87 5.6 Local Volatility for FX Markets 88 5.7 Diffusion and PDE for Local Volatility 89 5.8 The CEV Model 90 5.8.1 Asymptotic expansion 91 6 Stochastic Volatility 95 6.1 Introduction 95 6.2 Uncertain Volatility 95 6.3 Stochastic Volatility Models 96 6.3.1 The Heston model 98 6.3.2 The Stein and Stein model 104 6.3.3 Longstaff’s double square root model 105 6.3.4 Scott’s exponential Ornstein–Uhlenbeck model 105 6.3.5 The SABR model 106 6.4 Uncorrelated Stochastic Volatility 107 6.5 Stochastic Volatility Correlated with Spot 108 6.6 The Fokker–Planck PDE Approach 111 6.7 The Feynman–Kac PDE Approach 113 6.7.1 Heston model – example 116 6.7.2 Heston model – logspot coordinates 117 6.8 Local Stochastic Volatility (LSV) Models 117 6.8.1 Calibration of local volatility in LSV models 118 6.8.2 Fokker–Planck equation for the LSV model 119 6.8.3 Forward induction for local volatility calibration on LSV 120 6.8.4 Calibrating stochastic and local volatilities 124 6.8.5 The pricing PDE for LSV models 127 7 Numerical Methods for Pricing and Calibration 129 7.1 One-Dimensional Root Finding – Implied Volatility Calculation 129 7.2 Nonlinear Least Squares Minimisation 130 7.3 Monte Carlo Simulation 131 7.3.1 Handling large timesteps with local volatility 134 7.3.2 Monte Carlo convergence goes as 1/√N 135 7.3.3 Finding a balance between simulations and timesteps 138 7.3.4 Quasi Monte Carlo convergence can be as good as 1/N 142 7.3.5 Variance reduction 143 7.4 Convection–Diffusion PDEs in Finance 147 7.4.1 Visualising diffusion 149 7.4.2 Visualising convection 151 7.5 Numerical Methods for PDEs 153 7.6 Explicit Finite Difference Scheme 155 7.6.1 Boundary conditions 157 7.6.2 Von Neumann stability and the dimensionless heat equation 159 7.7 Explicit Finite Difference on Nonuniform Meshes 163 7.7.1 Mixed partial derivative terms on nonuniform meshes 165 7.8 Implicit Finite Difference Scheme 165 7.9 The Crank–Nicolson Scheme 167 7.10 Numerical Schemes for Multidimensional PDEs 168 7.10.1 Two-dimensional Crank–Nicolson scheme 169 7.10.2 An early ADI scheme – Peaceman–Rachford splitting 169 7.10.3 Douglas–Rachford splitting 171 7.10.4 Craig–Sneyd splitting 172 7.11 Practical Nonuniform Grid Generation Schemes 173 7.11.1 Uniform grid generation 173 7.11.2 Uniform grid generation with required levels 173 7.11.3 Spatial grid generation 174 7.11.4 Temporal grid generation 175 7.12 Further Reading 176 8 First Generation Exotics – Binary and Barrier Options 177 8.1 The Reflection Principle 179 8.2 European Barriers and Binaries 180 8.2.1 European barriers 180 8.2.2 Barrier parity relationships 182 8.2.3 European digitals 183 8.3 Continuously Monitored Binaries and Barriers 183 8.3.1 Domestic binaries 188 8.3.2 Foreign binaries 189 8.3.3 Instant one-touch products 190 8.3.4 Barrier products 191 8.3.5 KIKOs and ONTOs 194 8.4 Double Barrier Products 194 8.5 Sensitivity to Local and Stochastic Volatility 195 8.6 Barrier Bending 197 8.7 Value Monitoring 202 8.7.1 Compounds 202 8.7.2 Americans 203 8.7.3 Bermudans 203 9 Second Generation Exotics 205 9.1 Chooser Options 206 9.2 Range Accrual Options 206 9.3 Forward Start Options 207 9.3.1 Strike reset options 209 9.4 Lookback Options 209 9.4.1 Double lookback options 211 9.5 Asian Options 212 9.5.1 Notes on seasoned Asians and fixing at expiry 214 9.6 Target Redemption Notes 214 9.7 Volatility and Variance Swaps 214 9.7.1 Volatility observation 215 9.7.2 Product specification and value at expiry 216 9.7.3 Variance swap product valuation 217 9.7.4 Volatility swap product valuation 219 10 Multicurrency Options 225 10.1 Correlations, Triangulation and Absence of Arbitrage 226 10.2 Exchange Options 229 10.3 Quantos 229 10.3.1 Self-quanto option 230 10.3.2 Self-quanto forward 231 10.3.3 General quanto options 231 10.4 Best-ofs and Worst-ofs 233 10.4.1 Two-asset best-of call 234 10.4.2 Three-asset best-of call 236 10.4.3 N-asset best-of call 239 10.5 Basket Options 239 10.6 Numerical Methods 241 10.7 A Note on Multicurrency Greeks 242 10.8 Quantoing Untradeable Factors 243 10.9 Further Reading 244 11 Longdated FX 245 11.1 Currency Swaps 245 11.2 Basis Risk 247 11.3 Forward Measure 249 11.4 LIBOR in Arrears 250 11.5 Typical Longdated FX Products 253 11.5.1 Power reverse dual currency notes 253 11.5.2 FX target redemption notes 254 11.5.3 Effect on USDJPY volatility smile 255 11.6 The Three-Factor Model 255 11.7 Interest Rate Calibration of the Three-Factor Model 257 11.7.1 Determination of drifts 257 11.7.2 Determination of Hull–White volatilities 258 11.8 Spot FX Calibration of the Three-Factor Model 259 11.8.1 FX vanillas with lognormal spot FX 260 11.8.2 FX vanillas with CEV local volatility 261 11.8.3 FX vanillas with Dupire local volatility 262 11.9 Conclusion 264 References 265 Further Reading 271 Index 273
£63.00
John Wiley & Sons Inc Trading Price Action Trends
Book SynopsisA practical guide to profiting from institutional trading trends The key to being a successful trader is finding a system that works and sticking with it. Author Al Brooks has done just that.Table of ContentsAcknowledgments xi List of Terms Used in This Book xiii Introduction 1 PART I Price Action 35 CHAPTER 1 The Spectrum of Price Action: Extreme Trends to Extreme Trading Ranges 55 CHAPTER 2 Trend Bars, Doji Bars, and Climaxes 59 CHAPTER 3 Breakouts, Trading Ranges, Tests, and Reversals 77 CHAPTER 4 Bar Basics: Signal Bars, Entry Bars, Setups, and Candle Patterns 83 CHAPTER 5 Signal Bars: Reversal Bars 89 CHAPTER 6 Signal Bars: Other Types 101 CHAPTER 7 Outside Bars 155 CHAPTER 8 The Importance of the Close of the Bar 169 CHAPTER 9 Exchange-Traded Funds and Inverse Charts 173 CHAPTER 10 Second Entries 177 CHAPTER 11 Late and Missed Entries 181 CHAPTER 12 Pattern Evolution 185 PART II Trend Lines and Channels 191 CHAPTER 13 Trend Lines 195 CHAPTER 14 Trend Channel Lines 209 CHAPTER 15 Channels 219 CHAPTER 16 Micro Channels 249 CHAPTER 17 Horizontal Lines: Swing Points and Other Key Price Levels 269 PART III Trends 275 CHAPTER 18 Example of How to Trade a Trend 289 CHAPTER 19 Signs of Strength in a Trend 307 CHAPTER 20 Two Legs 319 PART IV Common Trend Patterns 323 CHAPTER 21 Spike and Channel Trend 325 CHAPTER 22 Trending Trading Range Days 359 CHAPTER 23 Trend from the Open and Small Pullback Trends 383 CHAPTER 24 Reversal Day 415 CHAPTER 25 Trend Resumption Day 423 CHAPTER 26 Stairs: Broad Channel Trend 431 About the Author 437 About the Website 439 Index 441
£44.25
Bloomberg Press The New Tycoons
Book Synopsis
£24.61
John Wiley & Sons Inc Volatility Trading Website
Book SynopsisPopular guide to options pricing and position sizing for quant traders In this second edition of this bestselling book, Sinclair offers a quantitative model for measuring volatility in order to gain an edge in everyday option trading endeavors.Table of ContentsAcknowledgments xi Introduction to the Second Edition xiii Chapter 1 Option Pricing 1 The Black-Scholes-Merton Model 1 Modeling Assumptions 7 Conclusion 11 Summary 11 Chapter 2 Volatility Measurement 13 Defining and Measuring Volatility 13 Definition of Volatility 14 Alternative Volatility Estimators 20 Using Higher-Frequency Data 29 Summary 33 Chapter 3 Stylized Facts about Returns and Volatility 35 Definition of a Stylized Fact 35 Volatility Is Not Constant 36 Characteristics of the Return Distribution 40 Volume and Volatility 43 Distribution of Volatility 45 Summary 46 Chapter 4 Volatility Forecasting 49 Absence of Transaction Costs 50 Perfect Information Flow 50 Agreement about the Price Implications of Information 50 Maximum Likelihood Estimation 54 Volatility Forecasting Using Fundamental Information 60 The Variance Premium 62 Summary 65 Chapter 5 Implied Volatility Dynamics 67 Volatility Level Dynamics 70 The Smile and the Underlying 80 Smile Dynamics 82 Term Structure Dynamics 90 Summary 91 Chapter 6 Hedging 93 Ad Hoc Hedging Methods 95 Utility-Based Methods 96 Estimation of Transaction Costs 109 Aggregation of Options on Different Underlyings 113 Summary 115 Chapter 7 Distribution of Hedged Option Positions 117 Discrete Hedging and Path Dependency 117 Volatility Dependency 123 Summary 129 Chapter 8 Money Management 131 Ad Hoc Sizing Schemes 131 The Kelly Criterion 133 Time for Kelly to Dominate 143 Effect of Parameter Mis-Estimation 144 What is Bankroll? 146 Alternatives to Kelly 148 Summary 161 Chapter 9 Trade Evaluation 163 General Planning Procedures 164 Risk-Adjusted Performance Measures 171 Setting Goals 178 Persistence of Performance 180 Relative Persistence 180 Summary 184 Chapter 10 Psychology 187 Self-Attribution Bias 191 Overconfidence 193 The Availability Heuristic 197 Short-Term Thinking 199 Loss Aversion 199 Conservatism and Representativeness 201 Confirmation Bias 203 Hindsight Bias 206 Anchoring and Adjustment 207 The Narrative Fallacy 208 Prospect Theory 209 Summary 212 Chapter 11 Generating Returns through Volatility 213 The Variance Premium 214 Reasons for the Variance Premium 220 Summary 222 Chapter 12 The VIX 223 The VIX Index 224 VIX Futures 225 Volatility ETNs 227 Other VIX Trades 229 Summary 230 Chapter 13 Leveraged ETFs 231 Leveraged ETFs as a Trade-Sizing Problem 234 A Long-Short Trading Strategy 234 Options on Leveraged ETFs 235 Summary 237 Chapter 14 Life Cycle of a Trade 239 Pretrade Analysis 239 Posttrade Analysis 245 Summary 247 Chapter 15 Conclusion 249 Summary 252 Resources 253 Directly Applicable Books 253 Thought-Provoking Books 256 Useful Websites 257 References 261 About the Website 273 About the Author 279 Index 281
£46.40
John Wiley & Sons The Complete Guide to Portfolio Performance
Book SynopsisAn intuitive and effective desk reference for performance measurement in asset and wealth management In The Complete Guide to Portfolio Performance: Appraise, Analyse, Act, a team of finance professors with extended practical experience deliver a hands-on desk reference for asset and wealth managers suitable for everyday use. Intuitively organized and full of concrete examples of the real-world implementation of the concepts discussed within, the book provides a comprehensive coverage of all important portfolio performance matters across 18 chapters of actionable and clearly described content. The authors have provided relevant cross-referencing where appropriate, Key Takeaways and Equations sections at the end of each chapter, and pointers to additional resources for anyone interested in pursuing further research. You'll also find: Discussions of more than a hundred classical and modern performance measures organized logically and with a focus on their applicationsStrategies for selecting appropriate performance measures based on your situation as a manager or investorExplanations of analytical techniques (statistical approaches, attribution, fund ratings...) enabling a comprehensive use of performance-related informationApplications of portfolio performance criteria in concrete investment decision-making processesHighly actionable and logically organized material that's easy to find at a moment's noticeA full set of pedagogical powerpoint slides and excel worksheets with all data and formulas Perfect for investors, portfolio managers, advisors, analysts, and regulators, The Complete Guide to Portfolio Performance is also a must-read reference for students and practitioners of asset and wealth management, as well as those pursuing certification such as CFA, CIPM, CIIA, and CAIA.
£71.25
John Wiley & Sons Inc Investing in Cryptocurrency For Dummies
Book SynopsisUnlock the mysteries of cryptocurrency investing Investing In Cryptocurrency For Dummies gives you detailed information and the expert advice you need to successfully add cryptocurrency to your investment portfolio. If you're interested in making money in the unregulated cryptocurrency markets, this is the guide for you. You'll learn how to buy and sell digital currencies, profiting from price fluctuations regardless of the market environment. You'll also gain the knowledge you need to make smart long-term investments in crypto. Real-world examples show you how to maximize your profit potential and avoid common pitfalls. Figure out what cryptocurrency is and learn the ins and outs of the crypto marketLearn how to buy and sell digital currenciesUnderstand cryptocurrency wallets and why you need oneMake smart trades for the long and medium termIncorporate cryptocurrency into a broader strategy for a diversified portfolioInvesting In Cryptocurrency For Dummies is a great resource, whetherTable of ContentsIntroduction 1 Part 1: Getting Started with Cryptocurrencies 5 Chapter 1: Introducing the World of Cryptocurrencies 7 Chapter 2: Checking Out the Benefits of Cryptocurrency Investing 19 Chapter 3: Knowing the Risks of Cryptocurrencies 37 Chapter 4: Looking at Blockchain Technology 57 Chapter 5: Understanding How Cryptocurrencies Work 73 Part 2: Crypto-Investing Fundamentals 89 Chapter 6: Buying Cryptocurrencies 91 Chapter 7: Putting Cryptocurrency Wallets to Use 115 Chapter 8: Surveying Different Types of Cryptocurrencies 131 Chapter 9: Identifying Top Cryptocurrencies 155 Chapter 10: Using Diversification in Cryptocurrencies 171 Part 3: Essential Cryptocurrency Strategies and Tactics 183 Chapter 11: Short-Term Crypto-Trading Strategies 185 Chapter 12: Long-Term Crypto-Investing Strategies 199 Chapter 13: Minimizing Your Losses and Maximizing Your Gains 209 Chapter 14: Cryptocurrencies and Taxes 219 Part 4: The Part of Tens 229 Chapter 15: Ten Considerations Before Getting Started with Cryptos 231 Chapter 16: Ten Potential Moves When Your Crypto Portfolio Is Down 237 Index 243
£13.49
Bloomsbury Publishing PLC How to Fund the Life You Want
Book Synopsis*WINNER OF THE WORK & LIFE BUSINESS BOOK AWARD 2023*An accessible and practical guide to personal finance that busts myths, clarifies jargon and provides the best options for building your wealth.More and more people are reassessing their lives as a result of the pandemic. Many have left their jobs or reduced their hours. Others have resolved to work only as long as they must, retiring early to focus on families and friends, hobbies or travel. Meanwhile, employers all over the world are experimenting with a four-day week.Making the most of these choices requires having and growing enough money to enjoy your future life, without needing to worry about it running out. But when it comes to investing in a pension, there is a dizzying number of complex options available.This book is designed to provide clear, objective guidance that cuts through the jargon, giving you control over your financial future. The authors strip away the marketing-speak, and through simple graphs, chaTrade ReviewThis is such a valuable guide to DIY investing, I recommend you make this book your first investment. -- Claer Barrett * Consumer Editor, Financial Times *If you’re serious about getting things right with your money – and avoiding costly mistakes – then set time aside to work through this excellent book. You will end up better off. No question. -- Paul Lewis * Freelance Presenter, Money Box BBC Radio 4 *Wonderfully researched, jargon-free, thought-provoking, interactive and engages the reader from start to finish. -- Jeff Prestridge * Personal Finance Editor, Mail on Sunday *I welcome this much-needed book, here to help anyone make sense of their money and pensions. With their human touch, no-nonsense language and a relentlessly practical approach, Robin and Jonathan have written the “missing manual” for everyday investors. -- Jackie Leiper * Managing Director, Pensions & Stockbroking at Lloyds Banking Group *Table of ContentsAbout the Authors Foreword by Iona Bain Introduction 1Your Money of Your Life? 2Invest in ... Yourself 3Manage Your Money 4 Capture Market Returns 5Avoid Charlatans and Sharks 6Take the Right Risks 7Manage Your Mix 8Face Your Feelings 9Find a First-Rate Adviser Our Six Rules and the Downloadable Workbook Jargon-Buster Endnotes Acknowledgements Index
£16.14
Lulu.com Unknown Millionaire
Book Synopsis
£16.00
Springer Nature Switzerland AG The Financial Storm Warning for Investors: How to
Book SynopsisIs an investors’ “perfect storm” brewing? If you’re not careful, it could sweep your wealth away. Long-dormant inflation looks to be catching fire. A stock market in overdrive may crash and burn for years. And taxes to fund deficits and social programs look to be rising to punishing levels not seen in a generation. This triple threat could mean a financial apocalypse from which many investors won’t ever recover. Getting straight talk on smart wealth management has never been more critical. With Social Security and Medicare tracking to go belly-up in a few short years, there will be dire consequences for millions. Already-retired boomers, living far longer than ever expected, will strain government resources and risk running out of money. Who will pay for it all? Without smart planning, your taxes may rise to confiscatory levels, sapping net worth and lifestyle quality. Your retirement lifestyle and legacy for your kids could get crushed. Some may never be able to retire.Investors and savers of every age and stripe will want to pay careful attention to the concentrated wisdom in this book and take proactive steps to protect themselves while there’s still time.Table of ContentsChapter 1: The coming storm and why you are at risk.- Chapter 2: The Social Security and Medicare Crisis.- Chapter 3: The Government Debt Crisis.- Chapter 4: The Coming Tax Storm.- Chapter 5: The Changing World Crisis.- Chapter 6: The Bernie Madoff - Bad Advisor Risk.- Chapter 7: The AI Displacement Risk.- Chapter 8: The Hyperinflation Risk The Inflationary Storm Crisis.- Chapter 9: The COVID Stock Bubble.- Chapter 10: Putting All Together.- Chapter 11: Charting Your Path to Financial Salvation.- Chapter 12: Estate Planning for Protection.- Chapter 13: Advanced Asset Protection.- Chapter 14: Converting Avoidable Taxes.- Chapter 15: Converting Income Tax to Family Wealth.- Chapter 16: Converting Estate Tax.- Chapter 17: Controlling Other Expensive Taxes.- Chapter 18: Investment Strategies to Prosper. - Chapter 19: Retirement income planning.- Chapter 20: Screening for Smart Advisors.- Chapter 21: Its Your Ship - Concluding Chapter.
£19.99
£24.80
Simon & Schuster Ltd Principles Your Guided Journal
Book SynopsisFrom Ray Dalio, the legendary investor and international bestselling author of Principles - whose books have sold more than five million copies worldwide - comes a guided reflection journal that empowers readers everywhere to develop their own principles for success in work and life.'Principles are fundamental truths that serve as the foundations for behaviour that gets you what you want out of life.' Ray DalioIn his international bestseller Principles, legendary investor Ray Dalio introduced millions of readers around the world to the unconventional approach he developed as the founder and builder of Bridgewater Associates, the largest and most successful hedge fund in the world. Dalio attributes his unique success to his process of recording, refining and acting on a set of well-defined principles, which are effectively decision-rules for getting what you want out of life and work. His goal in pu
£17.09
Harriman House Publishing Dear Shareholder
Book SynopsisThe shareholder letters of corporate leaders are a rich source of business and investing wisdom. There is no more authoritative resource on subjects ranging from leadership and management to capital allocation and company culture.But with thousands of shareholder letters written every year, how can investors and students of the corporate world sift this vast swathe to unearth the best insights?Dear Shareholder is the solution!In this masterly new collection, Lawrence A. Cunningham, business expert and acclaimed editor of The Essays of Warren Buffett, presents the finest writers in the genre of the shareholder letter, and the most significant excerpts from their total output. Skillfully curated, edited and arranged, these letters showcase the ultimate in business and investment knowledge from an all-star team.Dear Shareholder holds letters by more than 20 different leaders from 16 companies. These leaders include Warren Buffett (Berkshire Hathaway), Tom Gayner (Markel), Kay Graham and Don Graham (The Washington Post and Graham Holdings), Roberto Goizueta (Coca-Cola), Ginni Rometty (IBM), and Prem Watsa (Fairfax).Topics covered in these letters include the long-term focus, corporate culture and commitment to values, capital allocation, buybacks, dividends, acquisitions, management, business strategy, and executive compensation.As we survey the corporate landscape in search of outstanding companies run by first-rate managers, shareholder letters are a valuable resource. The letters also contain a wealth of knowledge on the core topics of effective business management. Let Dear Shareholder be your guide.
£17.09
John Wiley & Sons Inc Day Trading For Dummies
Book SynopsisConquer the markets and become a successful day trader Day trading is a fast-paced, sometimes risky form of investment. Day Trading For Dummies gives you the information you need to get started with this quick-action form of trading for income and maintain your assets. Learn how the market works, how to read and predict price movements, and how to minimize your loss potential, so you can manage your money strategically and create your day trading plan. Expert author Ann Logue will set you on the path to success, showing you the techniques successful day traders use to profit. This new edition covers crypto, AI, meme stocks, new trading options, and the latest strategies. By following market indicators and doing the essential research, you can avoid making critical mistakes and instead make smart trades that earn money. Learn the basics of how the stock market works and master the concepts specific to day trading Understand the risks involved in fas
£19.54
John Wiley & Sons Inc LongTerm Secrets to ShortTerm Trading
Book SynopsisProvides the blueprint necessary for sound and profitable short-term trading in a post-market meltdown economy. This book highlights the advantages and disadvantages of what can be a very fruitful yet potentially dangerous endeavor.Table of ContentsAcknowledgments xi Introduction You Are Already a Commodity Trader 1 My Most Important Market Belief 4 The Beginning of My Career as a Speculator 5 The Ride of a Lifetime 8 Chapter 1 Making Order Out of Short-Term Chaos 9 How I Learned about the Market 9 Charting the Market 11 The Nonrandom Market 13 Understanding Market Structure 15 Market Structure Will Never Change 21 Short-Sell Pattern 27 Target Time and Trailing Stops 28 Recap 32 Chapter 2 It’s a Question of Price and Time 33 All You Will Ever Need to Know about Cycles 33 The Natural Cycle of Range Change 39 Where the Trend Is with You—The Second Power-Play Price Pattern 50 Recap 54 Chapter 3 The Real Secret to Short-Term Trading 59 It’s All about Time 61 Bankrolling Hotshot Traders 62 Proving the Point 65 How to Make the Most Money 68 Recap 70 Chapter 4 Volatility Breakouts—The Momentum Breakthrough 71 Simple Daily Range Breakouts 76 A Look at Volatility in the S&P 500 80 Separating Buyers from Sellers to Find Volatility Using Market Swings 95 Results 96 One Step Further 97 Recap 98 Chapter 5 The Theory of Short-Term Trading 99 What Is Wrong about the Information Age 103 E H Harriman’s Rule of Making Millions 104 Recap 105 Chapter 6 Getting Closer to the Truth 107 The Market Is Not a Coin Flip: Random Walk or Cootner versus Cohen (Cohen Wins) 108 Gold TDOM Study 117 Bond TDOM Study 118 Monthly Road Maps 120 Recap 123 Chapter 7 Patterns to Profit 125 The Common Element 126 The Questions to Ask 131 My Smash Day Patterns 132 How to Use Smash Day Patterns 136 Specialists’ Trap 137 A Vital Note—This Works on Shorter Time Frames as Well 141 Oops! This Is Not a Mistake 145 S&P Oops! Trading 151 Recap 152 Chapter 8 Separating the Buyers from the Sellers 153 Greatest Swing Value 155 Stock Index Trading with Greatest Swing Value 156 Some Pointers 160 Recap 161 Chapter 9 Short-Term Trading from a Quote Screen 163 How a Quote-Screen Trader Makes Money 165 Swing Points as Trend Change Indication 166 The Three-Bar High/Low System 167 A New Indicator for Short-Term Traders: Willspread 170 Willspread and the S&P 500 Stock Index 174 Recap 180 Chapter 10 Special Short-Term Situations 181 Month-End Trading in Stock Indexes 181 Target Months 184 Making It Better 184 Month-End Trading in the Bond Market 186 Getting Specific 187 Better and Better 188 A Time to Sell 191 Recap 193 Chapter 11 When to Get Out of Your Trades 195 Chapter 12 Thoughts on the Business of Speculation 197 Exits before Entries 197 What Speculation Is All About 200 It’s about Time 201 Essential Points about Speculation 202 Recap 215 Chapter 13 Money Management—The Keys to the Kingdom 217 Most Traders Use a Hit-and-Miss Approach 218 Approaches to Money Management—One Is Right for You 218 The Good, the Bad, and the Ugly of Money Management 219 Looking in New Directions, Drawdown as an Asset 222 Back to Ralph: 2011 Money Management Breakthrough 228 The Kelly Ratio Mirage 229 Recap 233 Chapter 14 From Kennedy to Obama, Thoughts from 50 Years of Trading 235 Trading and Collecting Honey 236 Low-Hanging Fruit 237 Look before You Leap 238 Remember the Game Called Pick Up Sticks 238 And It Can Get Worse by Far 239 Lock-Up Time 240 Enough on Greed Now Let’s Deal with Fear 241 Running, Trading, and Losing 242 Doing the Wrong Thing It’s So Easy, Isn’t It? 242 It’s Not the Trade, It’s the Battle 243 The Art of Fly-Fishing Revisited 244 Fear and Greed, Looking Them in the Face Again 245 Why Most Traders Lose Most of the Time 246 A Review of Losing Trades Showed That 247 The Number One Reason We Lose Money Trading 247 The Most Important Trading Belief You Have 248 The Worst Dog I Ever Had Cost Me the Most 249 Athletics Are Such a Parallel to Trading 251 What Causes Stock and Commodity Market Trends 251 How to Measure the Public versus the Pros 253 Folks, It Just Can’t Be Done 254 The Rush of Trading 255 Beating Them to the Punch 257 It’s Just Over My Head 259 I Looked Fear and Greed in the Face 259 The Show Must Go On 260 Broken Noses, Cauliflower Ears, and Bad Trades 261 Learning How to Lose Money 262 Hillary, High Hopes, and Heartaches 263 Nervous Nellies—Heaven Bound 264 Secrets of System Developing and Trading 265 The Difference between Winners and Losers 266 Recap 268 Chapter 15 Just What Does Make the Stock Market Rally? 269 Logic 101 270 These Words Are My Bond 270 A Look at Data A and Data B 270 Let’s Break Some Bad Habits 273 How to Break Bad Habits 273 Comments on Setting Stops—Dollar Loss and Unpredictability 275 An Overview of How I Trade 278 My Trading Strategy How It Works 282 Recap 285 Chapter 16 Hard Facts about a Very Hard Game to Win 287 It Is Just Like Life 289 Maybe You Are Not Cut Out for This 292 You Are in a Tough Spot 293 But There’s a Little Bit More 294 In Closing 295 Index 297
£51.00
Harriman House The Traders Handbook
Book SynopsisThe Trader?s Handbook is your definitive guide to what it actually takes to trade like a professional.The authors provide a road map, a guide, and a resource that will allow you to progress as quickly as possible on your trading journey. They present multiple edges and frameworks that are precisely relevant to the current markets. These edges come from their collective studies of setups and analysis of the best performing stocks over the past few decades.
£24.64
Harriman House Publishing Free Capital
Book Synopsis3rd edition with new foreword by Ian Cassel Wouldn''t life be better if you were free of the daily grind - the conventional job and boss - and instead succeeded or failed purely on the merits of your own investment choices? Free Capital is a window into this world.Based on a series of interviews, it outlines the investing strategies, wisdom and lifestyles of 12 highly successful private investors. Each of them has accumulated $1 million or more - in most cases considerably more - mainly from stock market investment.Some have several academic degrees or backgrounds in professional finance; others left school with few qualifications and are entirely self-taught as investors. Some invest most of their money in very few shares and hold them for years at a time; others make dozens of trades every day, and hold them for at most a few hours. Some are inveterate networkers, who spend their day talking to managers at companies in which they invest; for others a share is just a symbol on a screen, and a price chart shows most of what they need to know to make their trading decisions.Free capital - money surplus to immediate living expenses - is the raw material with which these investors work. It can also be thought of as their psychological habitat, free from the petty tribulations of office politics. Lastly, free capital describes the footloose nature of their assets, which can be quickly redirected towards any type of investment anywhere in the world, without the constraints which institutional investors often face.Although it presents many advanced insights and valuable investment hints, this is not an overly technical book. It offers practical ideas and inspiration, with revealing detail and minimal jargon, making it an indispensable read for novice and experienced investors alike.*** This third edition of Free Capital follows the text of the second edition, published in 2013, with the addition of a new foreword by Ian Cassel. ***
£16.99
Harriman House Publishing The Behavioral Investor
Book SynopsisFrom the New York Times bestselling author of the book named the best investment book of 2017 comes The Behavioral Investor, an applied look at how psychology ought to inform the art and science of investment management.
£21.25
Ebury Publishing Black Edge
Book SynopsisSheelah Kolhatkar is a former hedge fund analyst and staff writer at The New Yorker, where she writes about Wall Street, Silicon Valley, and politics, among other things. She has appeared as a speaker and commentator on business and economics issues at conferences and on broadcast outlets including CNBC, Bloomberg Television, Charlie Rose, PBS NewsHour, WNYC and NPR. Her writing has also appeared in Bloomberg Businessweek, New York, The Atlantic, The New York Times and other publications.Trade ReviewA prodigious feat of reporting * Malcolm Gladwell *Fast-paced and filled with twists, Black Edge has the grip of a thriller. It is also an essential exposé of our times—a work that reveals the deep rot in our financial system. Everyone should read this book. -- David Grann, New York Times bestselling author of THE LOST CITY OF ZA tour de force of groundbreaking reporting and brilliant storytelling, a revealing inside account of how the Feds track a high-profile target—and, just as important, an unsettling portrayal of how Wall Street works today -- Jeffrey Toobin, New York Times bestselling author of AMERICAN HEIRESSBlack Edge is a real-life thriller about the government’s attempt to get the legendary trader Steve Cohen on insider trading charges—and the lengths to which he goes to elude them. Using deep reporting and top-notch storytelling, Sheelah Kolhatkar is able to shed new light on one of the least known and most fascinating characters on Wall Street. -- Bethany McLean, co-author of THE SMARTEST GUYS IN THE ROOMBlack Edge is not just a work of major importance, it is also addictively readable—and horrifyingly compelling. Sheelah Kolhatkar pulls back the curtain on the cheating, corruption, and skulduggery that underlie large swaths of the hedge fund industry and some of Wall Street’s most fabled fortunes. This book is as hard to put down as it is to stomach. -- Jane Mayer, New York Times bestselling author of DARK MONEYIf you liked James B. Stewart’s Den of Thieves, Sheelah Kolhatkar’s thrilling Black Edge should be next on your reading list. * The Wall Street Journal *A richly reported, entertaining tale about the cat-and-mouse game between the government and Cohen. -- Andrew Ross Sorkin * The New York Times Book Review *A lot of people do not trust Wall Street. They regard it as a moneymaking machine for those who work there, which has little interest in practice in its stated aim of channelling capital into businesses and helping them to grow for the broader benefit of society. For such sceptics, Steven Cohen is Exhibit A. -- John Gapper * Financial Times *A modern version of Moby-Dick, with wiretaps rather than harpoons. -- Jennifer Senior * The New York Times *Excellent * The Economist *
£13.49
John Wiley & Sons Inc The Davis Dynasty
Book SynopsisA half-century of Wall Street history as seen through the lives of its most illustrious family This compelling new narrative from bestselling author John Rothchild tells the story of three generations of the legendary Davis family, who rank among the most successful investors in the history of the Street. With a novelist''s wit and eye for telling detail, Rothchild chronicles the financial escapades of this eccentric, pioneering clan, providing a vivid portrait of fifty years of Wall Street history along the way. Rothchild shadows the Davis family''s holdings through two lengthy bull markets, two savage and seven mild bear markets, one crash, and twenty-five corrections and, in the process, reveals the strategies behind the family''s uncanny ability to consistently beat the markets. The Davis Dynasty begins in 1947, the year Shelby Davis quit his job as a state bureaucrat and, armed with $50,000 of his wife''s money, took the plunge into stock investing. By the time he died in Table of ContentsIntroduction. Chapter 1. Davis Meets His Bankroll. Chapter 2. From the Great Depression To the Hitler Crisis. Chapter 3. Beyond the Rear-View Mirror. Chapter 4. A Last Hurrah for Bonds. Chapter 5. A Crib Course in Coverage. Chapter 6. From Bureaucrat to Investor. Chapter 7. The Bullish 1950s. Chapter 8. Davis Shops Abroad. Chapter 9. Wall Street a Go-Go. Chapter 10. Shelby Gets Funded. Chapter 11. The Inheritance Flap. Chapter 12. Cool Trio Runs Hot Fund. Chapter 13. The Worst Decline Since 1929. Chapter 14. Davis on the Rebound. Chapter 15. Shelby Buys Banks—Davis Buys Everything. Chapter 16. The Grandsons Get in the Game. Chapter 17. The Family Joins Forces. Chapter 18. Chris Inherits Venture. Chapter 19. Investing à la Davis. Source Notes. Index.
£17.10
Pearson Education Financial Times Guide to How the Stock Market
Book SynopsisLeo Gough was the editor of two investment newsletters during the 1990's, The Zurich Club' and Taipan' for Fleet Street Publications. Since 1997 he has spent much of his time in the Asia/Pacific region, working with banks, such as Citibank, and consultancy firms, such as AT Kearney. Currently Leo is working in management consultancy in the Middle East. He is the author of more than 20 books on personal finance and investment.Table of ContentsCONTENTS Introduction Chapter 1 The ‘guerrilla investor’ Chapter 2. Shares Chapter 3. Bonds Chapter 4. Assessing companies - issues and opportunities Chapter 5. Investment theories and strategies Chapter 6. Foreign exchange Chapter 7. Derivatives Chapter 8. Fraud and sharp practice Chapter 9. Overseas investment Chapter 10. Investing in other asset classes Chapter 11.Thinking about retirement Chapter 12. UK taxation Chapter 13.An overview of the financial crisis Chapter 14. Making investing part of your life Appendix 1 – A little financial maths Appendix 2 – Compound interest table Further reading Useful websites Glossary Index Glossary Index
£22.79
