Devil Take the Hindmost

A History of Financial Speculation
Author: Edward Chancellor
Publisher: Plume Books
ISBN: 9780452281806
Category: Business & Economics
Page: 386
View: 866
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Examines stock market speculation since the seventeenth century, discussing the range of motivations of investors and the effects on economies throughout history.

A Cultural History of Finance


Author: Irene Finel-Honigman
Publisher: Routledge
ISBN: 1135238510
Category: Business & Economics
Page: 256
View: 710
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The world of finance is again undergoing crisis and transformation. This book provides a new perspective on finance through the prism of popular and formal culture and examines fascination and repulsion toward money, the role of governments and individuals in financial crises and how the Crisis of 2008, like others since 1720, repeat the same patterns of enthusiasm, greed, culpability, revulsion, reform and recovery. The book explores the political and socio-economic factors which determine fallibility and resilience in financial cultures, periods of crisis, transition and recovery based on cyclical rather than linear progression. Examining the roots of financial capitalism, in Europe and the United States and its corollary development in Asia, Russia and emerging markets proves that cultural and psychosocial reactions to financial success, endeavor and calamity transcend specific periods or events. The book allows the reader to discover parallel and intersecting reactions, controversies and resolutions in the cultural history of financial markets and institutions.

Doing Capitalism in the Innovation Economy

Markets, Speculation and the State
Author: William H. Janeway
Publisher: Cambridge University Press
ISBN: 1107031257
Category: Business & Economics
Page: 329
View: 8938
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A unique insight into the interaction between the state, financiers and entrepreneurs in the modern innovation economy.

Hedgehogging


Author: Barton Biggs
Publisher: John Wiley & Sons
ISBN: 9781118044810
Category: Business & Economics
Page: 320
View: 8453
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Rare is the opportunity to chat with a legendary financial figure and hear the unvarnished truth about what really goes on behind the scenes. Hedgehogging represents just such an opportunity, allowing you to step inside the world of Wall Street with Barton Biggs as he discusses investing in general, hedge funds in particular, and how he has learned to find and profit from the best moneymaking opportunities in an eat-what-you-kill, cutthroat investment world.

Financial Speculation

Trading financial biases and behaviour
Author: Gerald Ashley
Publisher: Harriman House Limited
ISBN: 1906659931
Category: Business & Economics
Page: 306
View: 4028
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When we deal in the financial markets are we investing, speculating or gambling? Does it really matter what we call it? As this book shows, the world of finance is not an easily defined game. Simple labels, such as gambling and speculation, won't help us grasp the underlying forces that drive the markets. It's far more important to understand the behaviour and biases of the players - their actions and motivations are the vital components that drive everything; bubbles, crashes, huge fortunes, reckless borrowing and complex instruments and strategies, all flow from this simple fact. And the markets are not just an external object, to be studied dispassionately under a microscope. How we act within our inner self, and apply our own set of risk and reward values to the seeming chaos of the market, is absolutely crucial. Clearly whatever games that are going on in the market are also going on inside our heads. In this fully updated and revised edition, Gerald Ashley gets to the heart of the financial markets. He draws on a wealth of revealing and instructive market insights, stories and anecdotes, challenges all the tired cliches about speculation, and slaughters many of the outdated sacred cows of finance. The book ranges across all the major asset classes, looks at past masters of the art, examines modern thinking on finance and risk, and assesses the value of experts, economists, chartists, market gurus and analysts. Simple examples are used to explain how the basic tools of finance fit together and how to profit in this often complex and unforgiving landscape.

International Political Economy

The Business of War and Peace
Author: James H. Nolt
Publisher: Routledge
ISBN: 1135994366
Category: Business & Economics
Page: 238
View: 5325
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This book offers a completely new and unique introduction to the economics of international relations. It treats all the traditional major themes of international relations theory while giving each a refreshing new twist with the incorporation of the influence of private power, particularly in the realm of war and peace. It reframes the history of the modern global economy and politics by thoroughly purging the myth of the market, a systematic blindness to private power. It not only draws on, but also illuminates major themes and empirical findings of comparative politics, business history, business strategy, business cycle theory, social evolutionary theory as well as the practical wisdom of traders and investors. Part one introduces the major concepts of competing theories of international relations, emphasizing a unique approach, corporatism. Part two introduces the critical importance dynamic and oppositional analysis of issues. Part three traces the rise of the modern world from the mercantilist period until the rise of modern corporate organizations and the demise of imperialism in the crucible of World War I. Part four begins with the origins of the contemporary dominance of business internationalism before and during World War II, then analyzes three major facets of the postwar era: the unification of much of Europe, the industrialization of the Third World, and the Cold War and its aftermath. The final chapter considers the present and future of a fairly peaceful yet economically unstable world. This book presents a refreshing and exciting portrayal of the global economy which challenges every major subject from money to markets to the business cycle. This book eschews the economics of dull averages to restore the drama of contending business forces, struggling for wealth and, in the process, influencing war and peace.

Quantitative Value

A Practitioner's Guide to Automating Intelligent Investment and Eliminating Behavioral Errors
Author: Wesley R. Gray,Tobias E. Carlisle
Publisher: John Wiley & Sons
ISBN: 1118416554
Category: Business & Economics
Page: 288
View: 476
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A must-read book on the quantitative value investmentstrategy Warren Buffett and Ed Thorp represent two spectrums ofinvesting: one value driven, one quantitative. Where they align isin their belief that the market is beatable. This book seeks totake the best aspects of value investing and quantitative investingas disciplines and apply them to a completely unique approach tostock selection. Such an approach has several advantages over purevalue or pure quantitative investing. This new investing strategyframed by the book is known as quantitative value, a superior,market-beating method to investing in stocks. Quantitative Value provides practical insights into aninvestment strategy that links the fundamental value investingphilosophy of Warren Buffett with the quantitative value approachof Ed Thorp. It skillfully combines the best of Buffett and EdThorp—weaving their investment philosophies into a winning,market-beating investment strategy. First book to outline quantitative value strategies as they arepracticed by actual market practitioners of the discipline Melds the probabilities and statistics used by quants such asEd Thorp with the fundamental approaches to value investing aspracticed by Warren Buffett and other leading value investors A companion Website contains supplementary material that allowsyou to learn in a hands-on fashion long after closing the book If you're looking to make the most of your time in today'smarkets, look no further than Quantitative Value.

Identifying Speculative Bubbles: A Two-Pillar Surveillance Framework


Author: Bradley Jones
Publisher: International Monetary Fund
ISBN: 1484398270
Category: Business & Economics
Page: 49
View: 3201
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In the aftermath of the global financial crisis, the issue of how best to identify speculative asset bubbles (in real-time) remains in flux. This owes to the difficulty of disentangling irrational investor exuberance from the rational response to lower risk based on price behavior alone. In response, I introduce a two-pillar (price and quantity) approach for financial market surveillance. The intuition is straightforward: while asset pricing models comprise a valuable component of the surveillance toolkit, risk taking behavior, and financial vulnerabilities more generally, can also be reflected in subtler, non-price terms. The framework appears to capture stylized facts of asset booms and busts—some of the largest in history have been associated with below average risk premia (captured by the ‘pricing pillar’) and unusually elevated patterns of issuance, trading volumes, fund flows, and survey-based return projections (reflected in the ‘quantities pillar’). Based on a comparison to past boom-bust episodes, the approach is signaling mounting vulnerabilities in risky U.S. credit markets. Policy makers and regulators should be attune to any further deterioration in issuance quality, and where possible, take steps to ensure the post-crisis financial infrastructure is braced to accommodate a re-pricing in credit risk.

Does It Matter?

Information Technology and the Corrosion of Competitive Advantage
Author: Nicholas G. Carr
Publisher: Harvard Business Press
ISBN: 1422129527
Category: Business & Economics
Page: 193
View: 774
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Over the last decade, and even since the bursting of the technology bubble, pundits, consultants, and thought leaders have argued that information technology provides the edge necessary for business success. IT expert Nicholas G. Carr offers a radically different view in this eloquent and explosive book. As IT's power and presence have grown, he argues, its strategic relevance has actually decreased. IT has been transformed from a source of advantage into a commoditized "cost of doing business"--with huge implications for business management. Expanding on Carr's seminal Harvard Business Review article that generated a storm of controversy, Does IT Matter? provides a truly compelling--and unsettling--account of IT's changing business role and its leveling influence on competition. Through astute analysis of historical and contemporary examples, Carr shows that the evolution of IT closely parallels that of earlier technologies such as railroads and electric power. He goes on to lay out a new agenda for IT management, stressing cost control and risk management over innovation and investment. And he examines the broader implications for business strategy and organization as well as for the technology industry. A frame-changing statement on one of the most important business phenomena of our time, Does IT Matter? marks a crucial milepost in the debate about IT's future. An acclaimed business writer and thinker, Nicholas G. Carr is a former executive editor of the Harvard Business Review.

Bonds

The Unbeaten Path to Secure Investment Growth
Author: Hildy Richelson,Stan Richelson
Publisher: John Wiley & Sons
ISBN: 1118106547
Category: Business & Economics
Page: 560
View: 410
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Updated edition of the established classic on investing inbonds In Bonds: The Unbeaten Path to Secure Investment Growth,Second Edition, the fully revised and updated edition of theclassic guide to demystifying the bonds market, veteran investorhusband and wife team Hildy and Stan Richelson expose the myth ofstocks' superior investment returns and propose an all-bondportfolio as a sure-footed strategy that will ensure positivereturns. Designed to educate novice and sophisticated investorsalike, as well as to serve as a tool for financial advisers, thebook explains why and when bonds can be the right choice. Casestudies, detailed bond strategies, and a financial planningoverview bring home the value of bonds in achieving financialgoals. Presenting a broad spectrum of bond-investment options, anddescribing how to purchase bonds at the best prices, the book showshow to make real money by investing in bonds. The strategiespresented here are designed to help the reader determine how to usebonds to take control of their own financial destiny. New edition includes information on corporate bonds, emergingmarket bonds, municipal bonds, the new global ratings, and how toprotect against municipal defaults Looks at how bond portfolios protected against marketvolatility in the 2007-2008 crash and how they can do the same inthe future Includes information on how the bond market has changed The wealthiest investors and financial advisers use the bondstrategies outlined in this book to maximize the return on theirportfolios while providing security of principal With more bond options available than ever before, Bondscontinues to be a must-have for anyone looking to understand theinvestment opportunities available to them.

The Specter of Capital


Author: Joseph Vogl
Publisher: Stanford University Press
ISBN: 0804792968
Category: Business & Economics
Page: 168
View: 8868
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In his brilliant interdisciplinary analysis of the global financial crisis, Joseph Vogl aims to demystify finance capitalism—with its bewildering array of new instruments—by tracing the historical stages through which the financial market achieved its current autonomy. Classical and neoclassical economic theorists have played a decisive role here. Ignoring early warnings about the instability of speculative finance markets, they have persisted in their belief in the inherent equilibrium of the market, describing even major crises as mere aberrations or adjustments and rationalizing dubious financial practices that escalate risk while seeking to manage it. "The market knows best": this is a secular version of Adam Smith's faith in the market's "invisible hand," his economic interpretation of eighteenth-century providentialist theodicy, which subsequently hardened into an "oikodicy," an unquestioning belief in the self-regulating beneficence of market forces. Vogl shows that financial theory, assisted by mathematical modeling and digital technology, itself operates as a "hidden hand," pushing economic reality into unknown territory. He challenges economic theorists to move beyond the neoclassical paradigm to discern the true contours of the current epoch of financial convulsions.

The big reset

gold wars and the financial endgame
Author: Willem Middelkoop
Publisher: Amsterdam University Press
ISBN: 904852220X
Category: Business & Economics
Page: 262
View: 9586
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Willem Middelkoop is ondernemer en publicist en werd bekend als marktcommentator voor RTL Z en vaste medewerker van De Wereld Draait Door. Middelkoop waarschuwde in zijn eerste boek "Als de dollar valt" (2007) voor een naderende kredietcrisis. In de jaren er na verschenen "De permanente oliecrisis" (2008) en "Overleef de kredietcrisis" (2009) en "Goud en het geheim van geld" (2012).[-][-]http://www.willem-middelkoop.nl/

The Pope's Children

The Irish Economic Triumph and the Rise of Ireland's New Elite
Author: David McWilliams
Publisher: John Wiley & Sons
ISBN: 9781118045374
Category: Business & Economics
Page: 331
View: 2604
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Named for the ironic coincidence of the Irish baby boom of the 1970s, which peaked nine months to the day after Pope John Paul II’s historic visit to Dublin, The Pope’s Children is both a celebration and bitingly funny portrait of the first generation of the Celtic Tiger—the beneficiaries of the economic miracle that propelled Ireland from centuries of deprivation into a nation that now enjoys one of the highest living standards in the world.

More Than You Know

Finding Financial Wisdom in Unconventional Places (Updated and Expanded)
Author: Michael J. Mauboussin
Publisher: Columbia University Press
ISBN: 023151347X
Category: Business & Economics
Page: 320
View: 2955
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Since its first publication, Michael J. Mauboussin's popular guide to wise investing has been translated into eight languages and has been named best business book by BusinessWeek and best economics book by Strategy+Business. Now updated to reflect current research and expanded to include new chapters on investment philosophy, psychology, and strategy and science as they pertain to money management, this volume is more than ever the best chance to know more than the average investor. Offering invaluable tools to better understand the concepts of choice and risk, More Than You Know is a unique blend of practical advice and sound theory, sampling from a wide variety of sources and disciplines. Mauboussin builds on the ideas of visionaries, including Warren Buffett and E. O. Wilson, but also finds wisdom in a broad and deep range of fields, such as casino gambling, horse racing, psychology, and evolutionary biology. He analyzes the strategies of poker experts David Sklansky and Puggy Pearson and pinpoints parallels between mate selection in guppies and stock market booms. For this edition, Mauboussin includes fresh thoughts on human cognition, management assessment, game theory, the role of intuition, and the mechanisms driving the market's mood swings, and explains what these topics tell us about smart investing. More Than You Know is written with the professional investor in mind but extends far beyond the world of economics and finance. Mauboussin groups his essays into four parts-Investment Philosophy, Psychology of Investing, Innovation and Competitive Strategy, and Science and Complexity Theory-and he includes substantial references for further reading. A true eye-opener, More Than You Know shows how a multidisciplinary approach that pays close attention to process and the psychology of decision making offers the best chance for long-term financial results.

Derivatives in Islamic Finance


Author: Sherif Ayoub
Publisher: Edinburgh University Press
ISBN: 0748695729
Category: Religion
Page: 224
View: 3214
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Shedding light on the way the Islamic finance industry conceptualises the role of financial instruments in a market risk management framework that adheres to the objectives of Islamic jurisprudence, Sherif Ayoub explains the issues surrounding the avoidan

Millennial Money

How Young Investors Can Build a Fortune
Author: Patrick O'Shaughnessy
Publisher: St. Martin's Press
ISBN: 1137464488
Category: Business & Economics
Page: 224
View: 1035
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Fact: the Millennial Generation will not be able to rely on pensions and social security in retirement. Instead, they will have to save and invest in the global stock market to meet their goals. When it comes to thinking about money, Millennials are, as a generation, different from their parents. They are skeptical of expert advice, yet more committed than baby boomers to passing wealth on to future generations. To build wealth, young people must start investing early and buck conventional market wisdom. Millennial Money will explain the most common mistakes that hurt investors' long-term returns and show why their investments in popular stocks or the hottest industry of the day have resulted in such underwhelming results. More importantly, the book will introduce a strategy that can help us overcome our shortcomings as investors. Armed with this strategy, Millennials can become the most successful investing generation in history.

Die unbarmherzige Revolution

eine Geschichte des Kapitalismus
Author: Joyce Oldham Appleby
Publisher: N.A
ISBN: 9783867741354
Category:
Page: 686
View: 8474
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In ihrer großen Geschichte des Kapitalismus erzählt Joyce Appleby die Geschichte unseres Wirtschaftssystems: von den großen Entdeckungen der Portugiesen, vom Sklavenhandel über die industrielle Revolution bis zur Globalisierung der Gegenwart, und beschreibt schließlich unsere ökonomische und auch kulturelle Identität, die so sehr vom Kapitalismus geprägt ist. Messerscharf seziert sie die guten und die schlechten Seiten des Kapitalismus und beschreibt, was der Kapitalismus mit den Menschen macht. Eine mitreißende Lektüre für alle, die von der "unbarmherzigen Revolution" profitieren oder an ihr verzweifeln.

Die Alchemisten

Die geheime Welt der Zentralbanker
Author: Neil Irwin
Publisher: Ullstein eBooks
ISBN: 3843704163
Category: Business & Economics
Page: 512
View: 491
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Ihre Aufgabe ist sensibel, ihre Macht ist groß. Ein unbedachtes Wort kann weltweit Krisen auslösen und politische Erdbeben verursachen. Jedes Jahr im August treffen sich in Jackson Hole, Wyoming – fernab der Weltöffentlichkeit –, die vierzig wichtigsten Zentralbanker der Welt. Sie stehen in dauernden Interessenkonflikten zwischen nationalen Interessen und internationalem Druck. Neil Irwin erklärt spannend und anschaulich, was Zentralbanker tun und wie es zu massiven Fehlentscheidungen kommen kann. Er beschreibt, welche großen Auswirkungen kleine Unstimmigkeiten zwischen Jens Weidmann, Mario Draghi und Ben Bernanke haben können. Und er zeigt, wie die zukünftigen Herausforderungen, Allianzen und Strategien der Zentralbanker aussehen könnten.

Expectations Investing - Investieren nach Erwartungen

Aktienkurse und Markterwartungen als Basis für Anlageentscheidungen Mit einem Vorwort von Peter L. Bernstein
Author: Alfred Rappaport,Michael J. Mauboussin
Publisher: Wiley-VCH
ISBN: 9783527500352
Category: Business & Economics
Page: 238
View: 3273
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Nur wirklich fundierte Anlageentscheidungen bergen das Potenzial überdurchschnittlicher Gewinne für Investoren. Das gilt besonders in Zeiten, in denen Märkte nicht stürmisch wachsen, sondern in denen sich die Spreu vom Weizen trennt. Hier genügt es nicht, "dabei zu sein", sich an den vergangenen Gewinnen zu orientieren und alles Übrige dem Zufall zu überlassen. Ob ein Unternehmen echten Mehrwert bietet, erweist sich vielmehr erst durch die sorgfältige Analyse seiner Zukunftsaussichten. Rappaport und Mauboussin vermitteln in ihrem Buch das Werkzeug, das Investoren für fundierte Entscheidungen benötigen. Sie kombinieren lang bewährte Konzepte wie z. B. das Modell des diskontierten Cashflows und die porterschen Grundelemente unternehmerischer Wettbewerbsstrategie. Hieraus entsteht ein völlig neuer Ansatz auf der Grundlage erwartungsgeleiteten Investierens. Langwierige Vorausschätzungen der künftigen Cashflows eines Unternehmens sind dabei entbehrlich. Stattdessen richten erwartungsgeleitete Investoren das Augenmerk auf den Aktienkurs und die Informationen, die dieser über die Erwartungen des Marktes im Hinblick auf den Shareholder-Value birgt. In diesem Buch erfahren Investoren, wie sie die Aktienkurse lesen und die Zukunft vorausdenken können. Es versetzt sie in die Lage, früher als andere zu erkennen, wo Verschiebungen der Markterwartungen stattfinden werden, und gibt ihnen damit den Schlüssel zu echten Zusatzgewinnen in die Hand.

Kredit und Kapital


Author: Werner Ehrlicher,Helmut Lipfert
Publisher: N.A
ISBN: N.A
Category: Capital
Page: N.A
View: 7211
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