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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!
Damondaran on Valuation will not only convince you of the vitality of the many valuation models available to you, it will help ensure that you develop the acumen needed to select the right model for any valuation scenario. Written by a gifted teacher and respected valuation authority, Damodaran on Valuation offers systematic examination of the three basic approaches to valuation - discounted cash-flow valuation, relative valuation, and contingent claim valuation - and the various models within these broad categories. Using numerous real-world examples involving both US and International firms, the book illuminates the purpose of each particular model, its advantages and limitatations, the step-by-step process involved in putting the model to work, and the kinds of firms to which it is best applied. Among the tools presented are designed to: Estimate the cost of equity - including the capital asset pricing model and arbitrage pricing model Estimate growth rates - with coverage of how to arrive at a weighted average of growth rates by blending three separate approaches Value equity - focusing on the Gordon Growth Model and the two-and three-stage dividend discount model Measure free cash flow to equity - cash flows that are carefully delineated from the dividends of most firms Value firms - including free cash flow to firm models, which are especially suited to highly leveraged firms Estimate the value of assets by looking at the pricing of comparable assets - with insight into the use and misuse of price/earning and price/book value ratios, and underutilized price-to-sales ratios Measure the value of assets that share option characteristics - including a comparative look at the classic Black-Scholes and simpler binomial models. Supported by an optional IBM-compatible disk, which consists of spreadsheet programs designed to help users apply the models highlighted in the book, Damodaran on Valuation provides practitioners involved in securities analysis, portfolio management, M&A, and corporate finance with the knowledge they need to value any asset.
From the Foreword by John J. Murphy DeMark's work as a consultant has been restricted to large institutions and many of the legendary traders in the world today. By sharing his creative ideas with us, as well as his passion for precision and improvement, Tom DeMark's emphasis on the 'new science' of technical analysis helps push the technical frontier another step forward. With the unprecedented attention now being paid to technical analysis, this new book couldn't have come at a better time. --John J. Murphy, bestselling author of Technical Analysis of the Futures Markets and Intermarket Technical Analysis, and technical analyst for CNBC This book is filled with innovative, creative, and clever new ideas on technical analysis. Tom DeMark has done a wonderful job of turning subjective techniques into objective strategies and tactics. --Courtney Smith President and CIO Pinnacle Capital Management, Inc. Those who know him and his work call him the consummate technician--a trading system developer without peer. --Futures magazine DeMark is the ultimate indicator and systems guy. No one touches him. I know the Holy Grail of trading systems doesn't exist because if it did, Tom would have found it by now. --James Bianco Director of Arbor Trading Tom DeMark is a genuine leader who has been behind-the-scenes until now. Publishing DeMark is a coup. --Ralph Vince author of The Mathematics of Money Management
Small Town, Giant Corporation traces the maturation of the profession of economic development as applied to Japanese manufacturing investment in the United States. The book is a case study of the wooing and eventual location of a Japan-based global auto parts producer in a small Midwestern community. The study considers motivations for Japanese investment, location patterns, and the adaptation of Japanese-owned companies to U.S. communities and business conditions. Economic development experts and other observers will find that the story of the successful interface between a global giant from Japan and a small Midwestern community forms an education case study of drawing and managing foreign investment. Contributors include Charles Bartha, Durene Booher, Randall Brock, Takeshi 'Dennis' Doi, Richard Florida, Cynthia Fridgen, Michael Gagnon, Dr. Peter Kobrack, Edwin Matthewson, Michio 'Henry' Ohiwa, Kazuhiro 'Ben' Ohta, Mamoru Tanabe.
Buying this book could be the smartest investment you make this season. If that sounds like a bold claim, just take a look at the list of contributors. In it youa ll find the names of twenty--nine of the worlda s foremost experts in asset allocation. Over the course of twenty chapters, these accomplished institutional investors, academics, analysts, and traders school you in all of the hottest new portfolio management techniques now in use around the globe. Not another abstruse discourse on the theoretical pros and cons of asset allocation, Global Asset Allocation is a working, nuts--and--bolts guide for institutional investors. It outfits you with a set of versatile new tools and techniques designed to solve real--world problems and guide your portfolio management decision--making. While broad theoretical considerations are given their due, the liona s share of this booka s coverage is commanded by cutting--edge technical issues such as mean variance optimization, allocating between styles of equity management, optimal fixed income portfolios, asset/liability forecasting, the critical time horizon, target asset allocation, and chaos theory. In addition to all of the traditional classes of asset allocations, Global Asset Allocation explores a number of new and emerging investment horizons. Foremost among these is the ultimate investment frontier, international markets, to which a sizeable portion of the book (all of Part Two) is devoted. Youa ll find in--depth discussions of the qualitative and quantitative aspects of global asset allocation, in which various experts describe the latest global asset allocation models, optimization methods, forecasting techniques, global bond and currency management strategies, risk and return analysis in country--to--country allocation strategies, active and passive management portfolio strategies, and much more. Offering world--class strategies for managing global portfolios, Global Asset Allocation is an essential resource for corporate finance professionals, pension plan sponsors, analysts, and portfolio managers looking to expand their repertoire of financial management skills. From asset liability forecasting and target asset allocation, to critical time horizon and implementing overlay strategies, this groundbreaking new guide educates institutional investors in state--of--the--art portfolio management strategies guaranteed to minimize risk while maximizing returns. Bringing you the combined insights and expertise of twenty--nine prominent investment experts from around the world, Global Asset Allocation is a working handbook, designed to guide your portfolio management decision--making and help you to solve real--world problems. aeo The latest asset allocation models, optimization methods, and forecasting techniques, including passive and active portfolio strategies aeo Includes six major chapters on global asset allocation, including currency management and emerging market investing Traders, portfolio managers...investment professionals of every ilk: read this book, and use the versatile new strategies, tools, and techniques it describes to give your investment skills a razor--sharp, winning edge.
Small Town, Giant Corporation traces the maturation of the profession of economic development as applied to Japanese manufacturing investment in the United States. The book is a case study of the wooing and eventual location of a Japan-based global auto parts producer in a small Midwestern community. The study considers motivations for Japanese investment, location patterns, and the adaptation of Japanese-owned companies to U.S. communities and business conditions. Economic development experts and other observers will find that the story of the successful interface between a global giant from Japan and a small Midwestern community forms an education case study of drawing and managing foreign investment. Contributors include Charles Bartha, Durene Booher, Randall Brock, Takeshi Dennis Doi, Richard Florida, Cynthia Fridgen, Michael Gagnon, Dr. Peter Kobrack, Edwin Matthewson, Michio Henry Ohiwa, Kazuhiro Ben Ohta, Mamoru Tanabe.
Financial Engineering is a text with a methodological thread, making it appropriate as a reference text. Risk management and measure and control of volatility is a major theme, but broader financial issues are also covered to provide the reader with a conceptual framework to manipulate and evaluate financial instruments. Errington's text analyses the spectrum of financial engineering including explanations of financial axioms and mathematical techniques with a summary of the instruments and worked examples of how they operate. As well as risk management, arbitrageurs are also catered for, to show how instruments can be valued, deconstructed and repackaged.
Critical Praise ... The Alchemy joins Reminiscences of a Stock Operator as a timeless instructional guide of the marketplace. - Paul Tudor Jones from the Foreword An extraordinary ...inside look into the decision-making process of the most successful money manager of our time. Fantastic. - The Wall Street Journal A breathtakingly brilliant book. Soros is one of the core of masters ...who can actually begin to digest the astonishing complexity ...of the game of finance in recent years. - Esquire A seminal investment book ...it should be read, underlined, and thought about page-by-page, concept-by-idea...He's the best pure investor ever ...probably the finest analyst of the world in our time. - Barton M. Biggs, Morgan Stanley George Soros is unquestionably the most powerful and profitable investor in the world today. Dubbed by BusinessWeek as The Man Who Moves Markets, Soros has made a billion dollars going up against the British pound. Soros is not merely a man of finance, but a thinker to reckon with as well. Now, in The Alchemy of Finance, this extraordinary man reveals the investment strategies that have made him a superstar among money managers (The New York Times).
Develop a Winning Investment Strategy-with Expert Advice from The Nation's #1 Money Manager. Peter Lynch's invest in what you know strategy has made him a household name with investors both big and small. An important key to investing, Lynch says, is to remember that stocks are not lottery tickets. There's a company behind every stock and a reason companies-and their stocks-perform the way they do. In this book, Peter Lynch shows you how you can become an expert in a company and how you can build a profitable investment portfolio, based on your own experience and insights and on straightforward do-it-yourself research. In Beating the Street,Lynch for the first time explains how to devise a mutual fund strategy, shows his step-by-step strategies for picking stock, and describes how the individual investor can improve his or her investment performance to rival that of the experts. There's no reason the individual investor can't match wits with the experts, and this book will show you how.
Beyond the Wall is the first book, in either English or German, to tell the whole story of the extraordinary revolution that demolished the Berlin Wall, ended the Cold war, and tore apart the Soviet regime. Elizabeth Pond, former Moscow and European correspondent for the Christian Science Monitor, was an eyewitness to the dramatic events of 1989-92 and to the fifteen years of relations between Germany and Eastern Europe leading up to them. Pond weaves together in riveting prose the strands of events that are usually recounted separately. Rather than looking just at the East German revolt or the process of unification that created a new nation, she traces the interaction of these events and their diplomatic consequences for Europe. Pond shows the political, economic, and social forces at work--leading up to the unification, during the transition process, and in the aftermath. Looking at the European framework, she explains how significantly the European Community and its move toward integration both affected and were affected by German unification. The book contains a wealth of new information form hundreds of interviews with top German and American policymakers, East German Politburo members and average German citizens. It also incorporates up-to-date research on such topics as the Stasi secret police and the midlife crisis of the German left. Pond concludes with an assessment of the roles of the United States and a unified Germany in the new Europe. Calling for a continued partnership between the United States and Germany, who have come through a common baptism of fire since the fall of the Berlin Wall, Pond casts an optimistic eye toward the future.
In The Search for Value: Measuring the Company's Cost of Capital, Michael C. Ehrhardt analyzes the latest prescriptive techniques and models for determining the cost of capital. He provides a comprehensive framework for practitioners by detailing the various methods for accurately evaluating investment in projects, divisions, or entire companies. He begins with a general discussion of the cost of capital within the context of a firm's overall search for value and continues on to cover such topics as discounted cash flow analysis, flotation costs, long-term projects, and international projects, as well as situations in which traditional cash flow analysis may not apply, such as regulated companies. Ehrhardt moves easily through a variety of technical concepts, providing numerous step-by-step examples to explain how theoretical constructs can be applied to daily financial decisions. He also provides a particularly detailed analysis of estimating capital costs in multidivisional, multiproduct, and multinational firms. Each chapter features an extensive bibliography for further reading. Written for financial directors, planners, managers, and analysts as well as for those who study finance issues, this work successfully addresses the concerns of financial practitioners. In today's competitive business environment, the consequences of miscalculation can be devastating. Correctly evaluating the cost of capital and thereby determining the value-creating potential of investments is a business imperative. The Search for Value is a unique synthesis of the issues surrounding the cost of capital, presenting the most comprehensive treatment of the topic to date. Those who implement the ideas in this book will enjoy the returns made possible by accurate measurements of the cost of capital as an integral part of capital budgeting and strategic planning.
Experts from the world's major financial institutions contributed to this work and have already used the newest technologies. Gives proven strategies for using neural networks, algorithms, fuzzy logic and nonlinear data analysis techniques to enhance profitability. The latest analytical breakthroughs, the impact on modern finance theory and practice, including the best ways for profitably applying them to any trading and portfolio management system, are all covered.
Struggle and Survival on Wall Street provides a comprehensive economic analysis of competition between broker-dealers or securities firms. It uses the industrial organization approach which focuses on the interaction of the industry's structure, conduct, and performance to argue that the driving force of competition is through the development of new financial products. The development of new products forces firms to integrate these new services into their existing organization. Matthews argues that the firms which successfully integrate and adapt to an expanded product line grow in size and importance relative to those which do not. He also suggests that the Securities and Exchange Commission needs to adapt to the growing services offered by securities firms by providing a framework in which organizational change can take place.