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Investment & securities

See below for a selection of the latest books from Investment & securities category. Presented with a red border are the Investment & securities books that have been lovingly read and reviewed by the experts at Lovereading. With expert reading recommendations made by people with a passion for books and some unique features Lovereading will help you find great Investment & securities books and those from many more genres to read that will keep you inspired and entertained. And it's all free!

Portfolio Selection Efficient Diversification of Investments

Portfolio Selection Efficient Diversification of Investments

Author: Harry M. Markowitz Format: Hardback Release Date: 14/03/1991

This is a classic book, representing the first major breakthrough in the field of modern financial theory. In effect, it created the mathematics of portfolio selection in a model which has turned out to be the indispensable building block from which the theory of the demand for risky securities is constructed.

Trading and Investing in Bond Options Risk Management, Arbitrage, and Value Investing

Trading and Investing in Bond Options Risk Management, Arbitrage, and Value Investing

Author: M.Anthony Wong Format: Hardback Release Date: 06/12/1990

To become successful in the bond options market, it is important for professionals to gain a basic, yet thorough understanding of how options are priced, traded, and used in interest-rate risk and fixed-income portfolio management. Provides practical answers to questions that new participants will ask as they become more sophisticated in the bond option market. It describes the U.S. government bond options markets and discusses how options pricing and computer technologies are used in market-making, strategic trading, and value investing. After introducing standard options terminology, it provides background data on U.S. Treasury bonds, bond options pricing models, advanced pricing models, the fundamentals of bond options dealing, strategies driven by interest rate forecasts, the most widely used structured portfolio strategies involving options, and more.

The Foundation of Japanese Power: Continuities, Changes, Challenges Continuities, Changes, Challenges

The Foundation of Japanese Power: Continuities, Changes, Challenges Continuities, Changes, Challenges

Author: William R. Nester Format: Hardback Release Date: 01/12/1990

Recent events in Tianamen Square have made such books abruptly important, though in some aspects outdated. This one examines reforms in higher education from before the republic to March 1988, and focuses on educational and economic relations with groups outside China, and the effect the reforms may

Visionary Capitalism Financial Markets and the American Dream in the Twentieth Century

Visionary Capitalism Financial Markets and the American Dream in the Twentieth Century

Author: Charles R. Geisst Format: Hardback Release Date: 30/11/1990

This groundbreaking new work presents the first financial history of the United States in the 20th century from the commercial and investment banking perspective. The author traces the development of both industries from the 1920s through the conditions of the present marketplace and looks at the simultaneous development of the federal regulatory agencies that grew up around the financial markets. Arguing that the ideal of an American Dream finds its best tangible expression in the ways in which the financial markets have been used to foster and protect the ideals of quality housing, higher education, and agricultural production, the author analyzes the successes and failures of the markets in producing a high standard of living and well-being over the past 70 years. Geisst begins by describing the manner in which the financial system and its regulators responded to the developments leading up to the crash of 1929, demonstrating that this period saw the first recognition that government agencies could effectively intervene in capital markets in times of financial crisis. He then reviews, in separate chapters, capital markets since the crash and the commercial banking industry as it evolved after 1934. Turning to a more specific focus on the markets' impact on individuals, Geisst assesses American capitalism's ability to fulfill the goals of universal home ownership, widened access to higher education, and liberal farm credit. He then addresses the financial innovations of the past two decades, evaluating their effects in furthering the general acquisition of wealth. Finally, Geisst looks at the relationships between Republicans and Democrats and the markets. Throughout, Geisst seeks to determine how the complex interactions between the markets themselves and the agencies that oversee and regulate them have fostered and protected the ideals of the American Dream. Ideal as a supplemental text for courses in business and economic history, this book will also be of significant interest to professionals and executives in the commercial and investment banking fields.

Portfolio Management Formulas Mathematical Trading Methods for the Futures, Options, and Stock Markets

Portfolio Management Formulas Mathematical Trading Methods for the Futures, Options, and Stock Markets

Author: Ralph Vince Format: Hardback Release Date: 05/10/1990

This title explores two neglected mathematical tools essential for competing successfully in today's frenzied commodities markets: quantity, which shows the proper amounts a trader should trade for a given market and system, and intercorrelation of returns (diversification), which shows not only which markets and systems to trade, but how to diversify with respect to trading the right quantities for each market. By using these lesser known tools in conjunction with the more popular trade/system selection tools, readers will see mathematically how success in the markets can be achieved, and how success without using all three is most likely incidental. In addition, non-stationary distribution of profits and losses and drawdowns are incorporated into the discussions to expose traders to the highs and lows of commodities markets and how best to leverage their assets.

Winning In The Future Markets: A Money-Making Guide to Trading Hedging and Speculating, Revised Edition

Winning In The Future Markets: A Money-Making Guide to Trading Hedging and Speculating, Revised Edition

Author: George Angell Format: Paperback / softback Release Date: 01/09/1990

This newest edition explores all aspects of the futures markets, from What you need to know to What you must do to win. Here, learn how to build a trading plan, charting techniques, contrary opinion trading, hedging and Gann methods, and the proprietary LSS Day Trading system 3-day cycle methods.

Mastering Elliott Wave

Mastering Elliott Wave

Author: Glenn Neely, Eric Hall Format: eBook Release Date: 01/06/1990

This work presents the first scientific, objective approach to market forecasting with the Elliot Wave Theory. Neely provides a detailed guide for all investors serious about finding accurate solutions to difficult markets.'

The Random Character Of Interest Rates: Applying Statistical Probability To The Bond Markets

The Random Character Of Interest Rates: Applying Statistical Probability To The Bond Markets

Author: James R. Murphy Format: Paperback / softback Release Date: 01/05/1990

Bond traders, fund/portfolio managers, individual investors, treasury officers, bankers, investment advisors.

The Process of Change in American Banking Political Economy and the Public Purpose

The Process of Change in American Banking Political Economy and the Public Purpose

Author: Jeremy F. Taylor, Marilyn Taylor Format: Hardback Release Date: 17/04/1990

In this volume, Jeremy Taylor focuses on the recent changes in the U.S. banking system, analyzing the underlying reasons for these changes and proposing solutions to problems currently faced by the industry. Arguing that the banking industry is the medium through which pressures are transmitted from one part of the economy to another, Taylor shows that public lack of confidence in banking--brought on by crises such as the bailout of the savings and loan industry--can translate into a serious lack of confidence in the economy as a whole. He fully examines the current banking crisis against the background of historical changes in U.S. banking, demonstrating that banking change in this country is most often crisis driven--due primarily to the failure of the legislature and the government to solve major problems before they become major crises. The considerable influence of politics on the U.S. banking system is also explored in depth. Divided into three parts, the book begins by examining the process of change in American banking. Taylor explores the role and significance of change in banking, offers a historical overview of the five major banking crises that have occurred since 1779, and discusses the theory of banking change. In the second section, the author looks at the problems caused by banking change. Particular attention is given to the present banking crisis and the insolvency of southern savings and loan institutions. Finally, Taylor addresses possible solutions to the problems of banking change. Before offering his own proposals, he demonstrates the relevance of Alexander Hamilton's ideas on banking to the present-day situation and compares the U.S. banking system with other major international banking centers. He concludes by calling for the creation of a new financial instrument that would allow investors to share in the ownership of bank loans, for amending the Glass-Steagal Act, and for the creation of debt-reduction summits for the m jor debtor nations of the Third World. Students of banking, policymakers, and banking executives will find Taylor an important new voice in debates about the causes of and solutions to the current banking crisis.

The Valuation and Investment Merits of Diamonds

The Valuation and Investment Merits of Diamonds

Author: Sarkis J. Khoury Format: Hardback Release Date: 26/03/1990

This is the first book which deals with the economics of diamonds, specifically with the determinants of diamond prices. The period of analysis, 1978-1983, was chosen in order to shed light on the dramatic drop in diamond prices. The dominant variables causing this drop were the varying price of gold and fluctuating interest rates. Khoury helps the investor in making long-range decisions about investing in diamonds and deciding on the form the investment should take. He warns of the importance to understand the sensitivities of the market and the factors which must be taken into consideration before commitments to an investment in diamonds are made. The book includes: a quick review of the characteristics of diamonds, the financial performance of DeBeers in a declining market, the economic structure of the diamond industry, the method for exercising economic control over the diamond market, the economic variables influencing diamond prices, and the modeling of diamond prices and the testing of the model using advanced statistical methods.

Investing in Financially Distressed Firms A Guide to Pre- and Post-Bankruptcy Opportunities

Investing in Financially Distressed Firms A Guide to Pre- and Post-Bankruptcy Opportunities

Author: Murali Ramaswami, Susan E. Moeller Format: Hardback Release Date: 22/01/1990

This comprehensive new study examines the impact of the 1978 Bankruptcy Reform Act on firms that file under Chapter 11 and on investors who own shares or bonds in financially distressed corporations. Demonstrating that high average returns often accompany wise investment choices concerning bankrupt firms, the authors explain how to spot potential investment targets, assess investment risk, and profit from investing in firms undergoing reorganization following a bankruptcy filing. Both individual and institutional investors looking for new investment opportunities and students of corporate finance and financial management will find important new insights into the investment potential of financially distressed firms. Investing in Financially Distressed Firms represents a good buy for those who would like to hunt bargains in the broken angel sector of the market. Journal of High Yield Bond Research This comprehensive new study examines the impact of the 1978 Bankruptcy Reform Act on firms that file under Chapter 11 and on investors who own shares or bonds in financially distressed corporations. Demonstrating that high average returns often accompany wise investment choices concerning bankrupt firms, the authors explain how to spot potential investment targets, assess investment risk, and profit from investing in firms undergoing reorganization following a bankruptcy filing. The legal issues involved in investing in bankrupt firms, the environment within which the bankrupt firm operates, and the relationship between stock market efficiency and bankrupt firms also receive thorough coverage. Both individual and institutional investors looking for new investment opportunities and students of corporate finance and financial management will find here important new insights into the investment potential of financially distressed firms. The volume begins with an introduction which sets the stage for the discussion that follows by describing the reasons for the increasing rates of corporate bankruptcy in the 1980s. The authors go on to explore the incentives for investing in bankrupt firms and offer pointers for investors considering such a move. In order to provide the reader with the tools necessary to evaluate potential investment opportunities, the authors also describe the reasons for corporate financial failure, the effects of reorganization on a firm, the differences between old and new bankruptcy laws, and the legal settlement of bankruptcy claims. An analytical model for predicting successful reorganization--and thus a potentially lucrative investment target--is described and illustrated as are models of stock market efficiency. The study concludes with four detailed case studies that illustrate the process of bankruptcy and the possible investment outcomes. The text is accompanied by numerous explanatory tables and figures.

Risk, Regulation, and Investor Protection The Case of Investment Management

Risk, Regulation, and Investor Protection The Case of Investment Management

This unique and authoritative study of the investment management business focuses on the use of capital requirements for investment managers as a means of investor protection. Commissioned by the Investment Management Regulatory Organization and drawing on extensive discussions with investment managers themselves, it provides an account of this burgeoning sector that is both comprehensive in its coverage and penetrating in its analysis. The authors review the way in which the investment management business is organized and its inherent risks; they examine the causes and incidence of market failures as well as the dangers to investors through mismanagement and malpractice. The book includes an extensive treatment of fraud, with a full listing of fraud cases in the UK since the early 1970s. The report concludes with a summary of the evidence on the nature and scale of the risks faced by investors and recommendations for appropriate forms of protection; and, on the basis of existing regulatory structures in the UK and USA, sets out a proposed structure in accordance with the thrust of the authors' analysis. While specific in its coverage, much of the argument presented here is closely applicable to other financial sectors in which regulation is a crucial issue; and it is especially pertinent to current debates on financial regulation in the run-up to the completion of the European internal market in 1992.