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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!
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.
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.'
Bond traders, fund/portfolio managers, individual investors, treasury officers, bankers, investment advisors.
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.
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.
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.
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.
Praise for The Money Market : ...splendid... - The Wall Street Journal. The best current book on the working of the credit markets... - The New York Times. ...this book will be welcomed by all on Wall Street. - Library Journal. This is the most comprehensive, authoritative, and respected source on the money market.
This book offers an explanation of why commodity processors and dealers use futures markets. It argues that they use futures contracts as part of an implicit method of borrowing and lending commodities, contrary to the accepted view of dealers averse to the fluctuating value of their inventories wanting insurance against price risk. Employing models developed to explain the demand for money, this book demonstrates that risk-neutral dealers have sufficient reason to use futures markets. Moreover, the book exposes major internal inconsistencies in the accepted explanation. Rather than insurance markets, the appropriate analogy is the money market, which is the point the book establishes through discussing actual loan markets in commodities. This insight into the function of futures markets is then used to explain how futures prices for different delivery dates express a term structure of commodity-specific interest rates and why futures markets flourish for some types of commodities and not for others.
A groundbreaking contribution to the literature of foreign investment, this volume is based on an extensive field study conducted under the auspices of the Tayloe Murphy International Business Studies Center at the University of Virginia. Through in-depth personal interviews with the executives of 20 companies, the author examines the investment strategies and plant-location decisions of foreign corporations in the United States. In addition to identifying the market, cost, and other strategies that influenced the U.S. plant-investment decisions, the author analyzes managerial aspects of the plant-location decision-making process, describes specific location factors considered important by the executives interviewed, and points out salient recent trends in foreign direct investment in the United States. Divided into five parts, the volume begins by defining the objectives of the study and its research methodology. Part 2 examines management strategies, exploring the factors that influenced the investment decisions of the 20 companies in the study and delineating the operational strategies that guided manufacturing operations subsequent to plant start-ups. In Part 3, the author covers the plant location decision-making process, while Part 4 provides a company profile for each of the 20 foreign affiliates under study. The final section summarizes the research findings and presents the author's conclusions. In addition to comparing the present findings with previous work, the author also addresses the implications of his results for business executives, economic development professionals, and government policy makers.
Although the financial futures and options markets have only existed since 1972, many current participants have little understanding of their genesis. This unique work offers a much needed historical perspective that provides important insights into the basic functioning of the markets. Petzel explains how these relatively new investment products originated, how they are used, and how the markets in which they are traded work. Petzel begins with an overview of the first fifteen years of financial futures, examining both successes and failures and developing a basic hypothesis of what components are necessary for success. The next two chapters present the fundamentals of futures and options for those who need a thorough grounding in basic concepts such as the standard elements of futures contracts, margins, types of trading, and the structure of the exchanges. Subsequent chapters address equities market strategies, interest rate strategies, and foreign currency futures and options. In the final chapter, Petzel discusses accounting, tax, and regulatory issues that affect the development and trading of financial futures and options. Written for professionals in corporate finance and in the financial services industry who have had little exposure to financial futures and options, the guide includes general examples as well as detailed explanatory tables and figures. The author focuses throughout on the use and construction of contracts, rather than providing particular trading advice or touting any one system of trading.