Energy Finance and Economics

Analysis and Valuation, Risk Management, and the Future of Energy
Author: Betty Simkins,Russell Simkins
Publisher: John Wiley & Sons
ISBN: 1118235983
Category: Business & Economics
Page: 624
View: 5854
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Thought leaders and experts offer the most current information and insights into energy finance Energy Finance and Economics offers the most up-to-date information and compelling insights into the finance and economics of energy. With contributions from today's thought leaders who are experts in various areas of energy finance and economics, the book provides an overview of the energy industry and addresses issues concerning energy finance and economics. The book focuses on a range of topics including corporate finance relevant to the oil and gas industry as well as addressing issues of unconventional, renewable, and alternative energy. A timely compendium of information and insights centering on topics related to energy finance Written by Betty and Russell Simkins, two experts on the topic of the economics of energy Covers special issues related to energy finance such as hybrid cars, energy hedging, and other timely topics In one handy resource, the editors have collected the best-thinking on energy finance.

Energy Finance and Economics

Analysis and Valuation, Risk Management, and the Future of Energy
Author: Betty Simkins,Russell Simkins
Publisher: Wiley
ISBN: 1118017129
Category: Business & Economics
Page: 624
View: 4046
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Thought leaders and experts offer the most current information and insights into energy finance Energy Finance and Economics offers the most up-to-date information and compelling insights into the finance and economics of energy. With contributions from today's thought leaders who are experts in various areas of energy finance and economics, the book provides an overview of the energy industry and addresses issues concerning energy finance and economics. The book focuses on a range of topics including corporate finance relevant to the oil and gas industry as well as addressing issues of unconventional, renewable, and alternative energy. A timely compendium of information and insights centering on topics related to energy finance Written by Betty and Russell Simkins, two experts on the topic of the economics of energy Covers special issues related to energy finance such as hybrid cars, energy hedging, and other timely topics In one handy resource, the editors have collected the best-thinking on energy finance.

The World Scientific Handbook Of Futures Markets


Author: Malliaris Anastasios G,Ziemba William T
Publisher: World Scientific
ISBN: 9814566934
Category: Business & Economics
Page: 844
View: 2422
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The World Scientific Handbook of Futures Markets serves as a definitive source for comprehensive and accessible information in futures markets. The emphasis is on the unique characteristics of futures markets that make them worthy of a special volume. In our judgment, futures markets are currently undergoing remarkable changes as trading is shifting from open outcry to electronic and as the traditional functions of hedging and speculation are extended to include futures as an alternative investment vehicle in traditional portfolios. The unique feature of this volume is the selection of five classic papers that lay the foundations of the futures markets and the invitation to the leading academics who do work in the area to write critical surveys in a dozen important topics.

Fuel Hedging and Risk Management

Strategies for Airlines, Shippers and Other Consumers
Author: Simo M. Dafir,Vishnu N. Gajjala
Publisher: John Wiley & Sons
ISBN: 111902675X
Category: Business & Economics
Page: 250
View: 2159
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A hands-on guide to navigating the new fuel markets Fuel Hedging and Risk Management: Strategies for Airlines, Shippers and Other Consumers provides a clear and practical understanding of commodity price dynamics, key fuel hedging techniques, and risk management strategies for the corporate fuel consumer. It covers the commodity markets and derivative instruments in a manner accessible to corporate treasurers, financial officers, risk managers, commodity traders, structurers, as well as quantitative professionals dealing in the energy markets. The book includes a wide variety of key topics related to commodities and derivatives markets, financial risk analysis of commodity consumers, hedge program design and implementation, vanilla derivatives and exotic hedging products. The book is unique in providing intuitive guidance on understanding the dynamics of forward curves and volatility term structure for commodities, fuel derivatives valuation and counterparty risk concepts such as CVA, DVA and FVA. Fully up-to-date and relevant, this book includes comprehensive case studies that illustrate the hedging process from conception to execution and monitoring of hedges in diverse situations. This practical guide will help the reader: Gain expert insight into all aspects of fuel hedging, price and volatility drivers and dynamics. Develop a framework for financial risk analysis and hedge programs. Navigate volatile energy markets by employing effective risk management techniques. Manage unwanted risks associated with commodity derivatives by understanding liquidity and credit risk calculations, exposure optimization techniques, credit charges such as CVA, DVA, FVA, etc.

Implementing Enterprise Risk Management

Case Studies and Best Practices
Author: John Fraser,Betty Simkins,Kristina Narvaez
Publisher: John Wiley & Sons
ISBN: 111874618X
Category: Business & Economics
Page: 688
View: 6809
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Overcome ERM implementation challenges by taking cues from leading global organizations Implementing Enterprise Risk Management is a practical guide to establishing an effective ERM system by applying best practices at a granular level. Case studies of leading organizations including Mars, Statoil, LEGO, British Columbia Lottery Corporation, and Astro illustrate the real-world implementation of ERM on a macro level, while also addressing how ERM informs the response to specific incidents. Readers will learn how top companies are effectively constructing ERM systems to positively drive financial growth and manage operational and outside risk factors. By addressing the challenges of adopting ERM in large organizations with different functioning silos and well-established processes, this guide provides expert insight into fitting the new framework into cultures resistant to change. Enterprise risk management covers accidental losses as well as financial, strategic, operational, and other risks. Recent economic and financial market volatility has fueled a heightened interest in ERM, and regulators and investors have begun to scrutinize companies' risk-management policies and procedures. Implementing Enterprise Risk Management provides clear, demonstrative instruction on establishing a strong, effective system. Readers will learn to: Put the right people in the right places to build a strong ERM framework Establish an ERM system in the face of cultural, logistical, and historical challenges Create a common language and reporting system for communicating key risk indicators Create a risk-aware culture without discouraging beneficial risk-taking behaviors ERM is a complex endeavor, requiring expert planning, organization, and leadership, with the goal of steering a company's activities in a direction that minimizes the effects of risk on financial value and performance. Corporate boards are increasingly required to review and report on the adequacy of ERM in the organizations they administer, and Implementing Enterprise Risk Management offers operative guidance for creating a program that will pass muster.

Finance & Ethics

Das Potential von Islamic Finance, SRI, Sparkassen
Author: Albert Löhr,Milena V. Valeva
Publisher: Rainer Hampp Verlag
ISBN: 3866185553
Category: Business & Economics
Page: 139
View: 2177
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Die globale Finanzkrise 2007 fand ihren Ausdruck zunächst in der Bankenkrise. Dadurch wurde die Ausbreitung dieser auf andere Branchen unumgänglich. Diese Krise machte unmissverständlich klar, dass der Ausschluss von Moral und Ethik im traditionellen Verständnis von Finanzen nicht mehr zu halten ist. Gefragt wird danach: Ist Ethik im Finanzbereich denkbar? Welche Normativitätsverständnisse im Bereich Finanzen sind begründbar? Welche Implementationsansätze von Ethik und Finanzen lassen sich von Theorie und Praxis ableiten? Diesen Fragen widmeten sich die Referenten der `Finance & Ethics` Tagung, organisiert vom Internationalen Hochschulinstitut Zittau und dem Deutschen Netzwerk Wirtschaftethik e.V. Dieser Band dokumentiert Ergebnisse dieser Tagung. Das Deutsche Netzwerk Wirtschaftsethik – EBEN Deutschland e.V. fördert das Verständnis der normativen Grundlagen wirtschaftlichen Handelns in der modernen Gesellschaft. Die vorliegende Schriftenreihe versteht sich als ein Forum, das der wissenschaftlichen Diskussion, vor allem aber dem Brückenschlag zwischen Theorie und Praxis gewidmet ist.

Versicherungsökonomie


Author: Peter Zweifel,Roland Eisen
Publisher: Springer-Verlag
ISBN: 3662107848
Category: Business & Economics
Page: 486
View: 1194
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Das Buch macht den Leser mit den zentralen Fragestellungen und dem analytischen Werkzeug der Versicherungsökonomik vertraut. Es führt Beiträge zur Nachfrage nach Versicherung, zum Angebot an Versicherung und der Versicherungsregulierung sowie zur Sozialversicherung in einer vereinheitlichten Darstellung zusammen, die bisher nur verstreut in Zeitschriften und Sammelbänden verfügbar waren. Es werden empirisch überprüfbare Voraussagen der Theorie abgeleitet und den Ergebnissen internationaler empirischer Forschung gegenübergestellt. Ausformulierte Folgerungen fassen den Stoff zusammen und erleichtern die Kontrolle des Wissensstands.

The Mining Valuation Handbook

Mining and Energy Valuation for Investors and Management
Author: Victor Rudenno
Publisher: John Wiley & Sons
ISBN: 0730377091
Category: Business & Economics
Page: 176
View: 3050
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The essential guide to investing in mining opportunities, now in its Fourth Edition A comprehensive guide to mining investment analysis designed for use by financial and mining analysts, executives, and investors, The Mining Valuation Handbook: Mining and Energy Valuation for Investors and Management has become an essential resource for assessing the value and investment potential of mining opportunities. Fully revised and updated, this fourth edition of the classic text provides new and up-to-date information to better explain the mysteries surrounding the resources industry. Written by Victor Rudenno, a leading global expert on mining investment analysis and consultant to mining companies, financial bodies, and governments, The Mining Valuation Handbook: Mining and Energy Valuation for Investors and Management, Fourth Edition covers a wide range of essential topics, including: feasibility studies, commodity values and forecasting, classification of resources and reserves, indicative capital and operating costs, valuation and pricing techniques, qualifying risk, the impact of exploration and expansion, and more. Fourth edition of the bestselling text on assessing mining investment opportunities Author Victor Rudenno is a respected global expert on mining investment analysis Key topics, including feasibility studies, valuation techniques, and risk qualification are covered in detail Packed with invaluable mining information for the financial industry and financial information for the mining industry, The Mining Valuation Handbook is the definitive guide to assessing and investing in mining opportunities.

Wärmetechnik


Author: Klaus Endrullat,Peter Epinatjeff,Dieter Petzold,Hubertus Protz
Publisher: Springer-Verlag
ISBN: 3662070278
Category: Technology & Engineering
Page: 468
View: 2705
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Die rationelle Energieverwendung im Bereich wärmetechnischer Systeme hat im mittel europäischen Raum einen hohen Stellenwert, da bei der überwiegenden Anzahl der Haus halte und Gewerbebetriebe der Energieverbrauch zur Wärmeerzeugung den größten An teil am Gesamtenergieverbrauch hat. Das Ziel des vorliegenden Bandes ist es, dem Leser die Vorgehensweise 'zur Beurteilung wärmetechnischer Systeme und energiesparender Maßnahmen zu vermitteln. Schwerpunktmäßig werden die Heiz- und Raumlufttechnik im Umfeld des Menschen behandelt, während das Gebiet der Prozeßwärme für die indu strielle Anwendung aus Gründen des Umfanges nur ansatzweise erörtert werden konnte. Der Anspruch dieses Buches liegt auf einer Ebene, welche bewußt nicht die Einzellösung hervorhebt, da sich das Optimum eines Gesamtsystems noch längst nicht einstellen muß, wenn die Teilsysteme optimiert sind. Das Verständnis der Verzahntheit des vorliegenden Gebietes mit anderen Fachgebieten ist deshalb eine wesentliche Voraussetzung für ko ordinierte Maßnahmen zur rationellen Energieverwendung. Diesem Umstand wird durch zahlreiche qualitative Systembetrachtungen und Zahlenbeispiele Rechnung getragen. Im ersten Abschnitt werden die speziellen Grundlagen der Heiz- und Raumlufttechnik be handelt. Dazu zählen Kenntnisse über technische Funktionsabläufe und die Behaglich keitsanforderungen des Menschen, zu deren Aufrechterhaltung diese Anlagen gebaut werden. Anlagentechnische Maßnahmen zur Energieeinsparung müssen sich immer an der Erfüllung der Behaglichkeitsanforderungen messen lassen. Weiterhin gehört es auch zu einer wirkungsvollen Energieberatung, Maßnahmen an gebäudetechnischen Anlagen als Teilmaßnahme am Gesamtsystem Gebäude zu verstehen, weil durch den Umfang der Systemverbesserung (energetisch-ökonomisch) letztlich die Rangfolge der durchzuführen den Maßnahmen bestimmt wird.

Investments to Improve the Energy Efficiency of Existing Residential Buildings in Countries of the Former Soviet Union


Author: Eric Martinot
Publisher: World Bank Publications
ISBN: 9780821340578
Category: Political Science
Page: 151
View: 6654
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In the 1990s, the issue of human resource development in Malaysia has gained prominence in public and private policy circles. Discussions center around training policy, where there are concerns about acute labor shortages, and around industrial development policy, which strives to maintain a skilled and well-trained workforce to increase competitiveness and attract foreign direct investment. But policymakers have been forced to make critical decisions on resource allocation and to design policies without access to comprehensive training data, especially from the private sector. This usually results in supply-oriented policies stemming from mismatches between skills supplied by public training institutions and those actually needed by industry. This report attempts to fill this information gap on private sector training as an aid in formulating training policies that are more demand-driven. The report contains rigorous analysis of private sector-led training and addresses the issue of whether firms in Malaysia underinvest in training. Data came from the Malaysia Economic Planning Units 1994-95 survey and analysis of 2,200 manufacturing firms. The survey elicited information on firm-sponsored training and on a wide range of firm attributes, including size, industry, local or foreign ownership, equipment technology, quality control systems, markets and exports, workforce characteristics, wages and other compensation, and production. The data document, for the first time, the incidence and characteristics of training in Malaysian industry, across firms of different sizes, ownership, and output profiles. The data create an unprecedented opportunity to study the critical links between training, new technology, and quality control. A joint publication of the World Bank, the United Nations Development Programme, and the Malaysia Economic Planning Unit.

Economics and Management of Climate Change

Risks, Mitigation and Adaptation
Author: Bernd Hansjürgens,Ralf Antes
Publisher: Springer Science & Business Media
ISBN: 0387773533
Category: Business & Economics
Page: 304
View: 8075
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Climate change is one of the biggest challenges for mankind. Although there is increasing evidence that climate change is already occurring, there is neither sufficient knowledge as to what extent climate change poses risks to societies and companies, nor about adequate strategies to cope with these risks. Bringing together an international group of scholars from environmental economics, political science and business, this book describes, analyses and evaluates climate change risks and responses of societies and companies. The book contributes to the question of how climate change can be mitigated by discussing efficient and effective design of mitigation measures, in particular emissions trading and clean development mechanism (CDM). Placing special emphasis on the impact of climate change risks on business, the book investigates in which way selected sectors of the economy are affected and what measures they can undertake to adapt to climate change risks.

Risk Management

Challenge and Opportunity
Author: Michael Frenkel,Ulrich Hommel,Markus Rudolf
Publisher: Springer Science & Business Media
ISBN: 9783540226826
Category: Business & Economics
Page: 838
View: 5308
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Dealing with all aspects of risk management that have undergone significant innovation in recent years, this book aims at being a reference work in its field. Different to other books on the topic, it addresses the challenges and opportunities facing the different risk management types in banks, insurance companies, and the corporate sector. Due to the rising volatility in the financial markets as well as political and operational risks affecting the business sector in general, capital adequacy rules are equally important for non-financial companies. For the banking sector, the book emphasizes the modifications implied by the Basel II proposal. The volume has been written for academics as well as practitioners, in particular finance specialists. It is unique in bringing together such a wide array of experts and correspondingly offers a complete coverage of recent developments in risk management.

Das Risiko und sein Preis

Skin in the Game
Author: Nassim Nicholas Taleb
Publisher: Verlagsgruppe Random House GmbH
ISBN: 3641234522
Category: Social Science
Page: 384
View: 9084
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Warum wir nur denen vertrauen sollten, die etwas zu verlieren haben Stehen wir für die Risiken ein, die wir verursachen? Zu viele der Menschen, die auf der Welt Macht und Einfluss haben, so Nassim Nicholas Taleb, müssen nicht wirklich den Kopf hinhalten für das, was sie tun und veranlassen. Intellektuelle, Journalisten, Bürokraten, Banker, ihnen vor allem wirft er vor, kein »Skin in the Game« zu haben. Weil sie den Preis nicht bezahlen müssen, wenn sie irren, fällen sie schlechte Entscheidungen. Taleb zeigt anhand vieler Beispiele, wie »Skin in the Game«, ein fundamentales Konzept des Risikomanagements, auf alle Bereiche unseres Lebens übertragen werden kann. Sein neues Buch, so provozierend und bahnbrechend wie »Der Schwarze Schwan«, fordert uns heraus, alles, was wir über Risiko und Verantwortung in Politik, Wirtschaft und Gesellschaft zu wissen glauben, neu zu denken.

Energieökonomik

Theorie und Anwendungen
Author: Georg Erdmann,Peter Zweifel
Publisher: N.A
ISBN: 9783642323522
Category:
Page: 400
View: 8938
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Energy Risk

Valuing and Managing Energy Derivatives
Author: Dragana Pilipović
Publisher: McGraw Hill Professional
ISBN: 9780786312313
Category: Business & Economics
Page: 248
View: 2621
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The electricity, natural gas, and other energy markets are on the brink of becoming THE hot opportunity for institutional investors worldwide. In fact, the growth in volume for NYMEX and IPE energy contracts is the only proof you need of the enormous potential in trading these markets. Now, for the first time, this book gives you step-by-step directions on taking advantage of this developing resource. Energy Risk walks you through properly assessing and evaluating the enormous opportunities that are unique to this complex yet vibrant market. It provides not only an expert overview of energy trading but also the philosophies and specific investment strategies you need. Harvard-trained physicist Dragana Pilipovic reveals the intricacies and mechanics of today's energy markets, provides practical answers on how best to get a foothold in energy trading, and also discusses: In-depth explanations of the primary factors that influence energy risk, such as spot price behavior, volatility, and the forward price curve; A detailed introduction to the fundamental price drivers of energy markets including electricity, natural gas, and heating and crude oil; Clearly defined ways that you can use tools introduced throughout the book to achieve your company's crucial risk/return goals. Containing unique trading models that were custom-designed for managing risk in energy and commodity trading, and with over 175 charts and graphs that illustrate key features of the market's equations, correlations, and methodologies. Energy Risk will be the standard energy market reference for many years to come.

Valuing Oil and Gas Companies


Author: Nick Antill,Robert Arnott
Publisher: Woodhead Publishing
ISBN: 9781855734517
Category: Business & Economics
Page: 285
View: 2762
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Analysing the oil and gas industry, this book gives information on energy industry accounts, their reserves and depletion, taxation and stocks, and surveys the structure and conduct of the trade from portfolio construction to dollar exposure.

The Rise of the Quants

Marschak, Sharpe, Black, Scholes and Merton
Author: C. Read
Publisher: Springer
ISBN: 1137026146
Category: Business & Economics
Page: 195
View: 9982
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The third book in the Great Minds in Finance series examines the pricing of securities and the risk/reward trade off through the legends, contribution, and legacies of Jacob Marschak, William Sharpe, Fischer Black and Myron Scholes, and Robert Merton, influencing both theory and practice, answering the question 'how do we measure risk?'

The Vega Factor

Oil Volatility and the Next Global Crisis
Author: Kent Moors
Publisher: John Wiley & Sons
ISBN: 1118077091
Category: Business & Economics
Page: 448
View: 4947
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How oil volatility is affecting the global political scene, and where the oil market is heading The world is rapidly moving towards an oil environment defined by volatility. The Vega Factor: Oil Volatility and the Next Global Crisis takes an in-depth look at the most important topics in the industry, including strategic risk, why traditional pricing mechanisms will no longer govern the market, and how the current government approaches have only worsened an already bad situation. Details the industry's players, including companies, traders, and governments Describes the priorities that will need to be revised, and the policies needed to achieve stability Explains how today's oil market is fundamentally different from the pre-crisis market Oil prices affect everyone. The Vega Factor explains the new international oil environment of increasing consolidation and decreasing competition, and reveals how consumers and investors can navigate price volatility and new government policies.

The Oxford Handbook of the Macroeconomics of Global Warming


Author: Lucas Bernard,Willi Semmler
Publisher: Oxford University Press
ISBN: 0190204192
Category: Business & Economics
Page: 560
View: 6723
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The first World Climate Conference, which was sponsored by the World Meteorological Organization in Gen?ve in 1979, triggered an international dialogue on global warming. From the 1997 United Nations-sponsored conference-during which the Kyoto Protocol was signed-through meetings in Copenhagen, Canc?n, Durban, and most recently Doha (2012) and Warsaw (2013), worldwide attention to the issue of global warming and its impact on the world's economy has rapidly increased in intensity. The consensus of these debates and discussions, however, is less than clear. Optimistically, many geoscience researchers and members of the Intergovernmental Panel on Climate Change (IPCC) have supported CO2 emission reduction pledges while maintaining that a 2?C limit in increased temperature by the year 2100 is achievable through international coordination. Other observers postulate that established CO2 reduction commitments such as those agreed to at the Copenhagen United Nations Climate Change Conference (2009) are insufficient and cannot hold the global warming increase below 2?C. As experts theorize on precisely what impact global warming will have, developing nations have become particularly alarmed. The developed world will use energy to mitigate global warming effects, but developing countries are more exposed by geography and poverty to the most dangerous consequences of a global temperature rise and lack the economic means to adapt. The complex dynamics that result from this confluence of science and geopolitics gives rise to even more complicated issues for economists, financial planners, business leaders, and policy-makers. The Oxford Handbook of the Macroeconomics of Global Warming analyzes the economic impact of issues related to and resulting from global warming, specifically the implications of possible preventative measures, various policy changes, and adaptation efforts as well as the different consequences climate change will have on both developing and developed nations. This multi-disciplinary approach, which touches on issues of growth, employment, and development, elucidates for readers state-of-the-art research on the complex and far-reaching problem of global warming.

Intelligent Investieren

Der Bestseller über die richtige Anlagestrategie
Author: Graham Benjamin
Publisher: Redline Wirtschaft
ISBN: 3862484165
Category: Business & Economics
Page: 640
View: 2034
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Benjamin Grahams Bestseller ist ein großartiger Investment-Ratgeber und der Klassiker zum Thema "Value Investing". Jedes Kapitel dieser neu aufgelegten Fassung wird durch aktuelle Kommentare von Jason Zweig ergänzt und erweitert. Eine Vielzahl an Fußnoten erklärt und veranschaulicht den noch heute gültigen Text. Seit Erscheinen der Erstausgabe 1949 ist Benjamin Grahams Buch der meistgeschätzte Wegweiser, wenn es um Investments geht. Der Grund dafür ist seine zeitlose Philosophie der Anlage in Wachstumswerte, die den Anlegern dabei hilft, mögliche Stolpersteine zu erkennen und langfristige Erfolgsstrategien zu entwickeln, mit denen sie wirklich Gewinne machen. Benjamin Grahams Klassiker, der seit über 60 Jahren gültig ist, basiert auf grundlegenden Erkenntnissen und der Markterfahrung vieler Jahre. In diesem Buch werden sowohl der konservative als auch der spekulative Anleger berücksichtigt, wobei für beide Gruppen angemessene Strategien zur Aktienauswahl vorgestellt werden, die auf dem Prinzip einer intelligenten Depotstruktur beruhen. Benjamin Graham ist eine der Legenden der Wall Street und Begründer der modernen Wertpapieranalyse. Graham lehrte an der Columbia University in den Jahren von 1928 bis 1957 und managte außerdem die Graham-Newman Partnership, eine frühe Art des heutigen Investmentfonds. Graham etablierte heute so selbstverständliche Kennzahlen wie das Kurs-Gewinn-Verhältnis. Mit seinen beiden Büchern Der intelligente Investor und Wertpapieranalyse wurde er zum Bestsellerautor und gelangte zu Weltruhm.