This outstanding reference has already taught thousands of traders the concepts of technical analysis and their application in the futures and stock markets. Covering the latest developments in computer technology, technical tools, and indicators, the second edition features new material on candlestick charting, intermarket relationships, stocks and stock rotation, plus state-of-the-art examples and figures. From how to read charts to understanding indicators and the crucial role technical analysis plays in investing, readers gain a thorough and accessible overview of the field of technical analysis, with a special emphasis on futures markets. Revised and expanded for the demands of today's financial world, this book is essential reading for anyone interested in tracking and analyzing market behavior.
This book contains the following topics that will guide you through the path of Technical Analysis Of Stock Market.
Table of Contents
A Good Trader
Traders vs. Investors
Types of Traders
Traders Type (Time basis).
Position Traders –
What is a Trend?
What are types of Trends?
Advantages of Trend Trading:
What is Swing Trading?
How does Swing Trading work?
What are the advantages of Swing Trading?
The How, When and What of a Trade
What Kind of a Trader Are You?
How to Trade Like a Master
Trading Only High Probability Opportunities
Find a Shoe That Fits Your Size.
Timing the Markets.
Your Trade Should Fit the Type of Stock You are Trading
Supply Choke or 'Punting' Markets
How Many Open Trades at a Time?
Risk Control: How to Stop Losses and Protect Your Gains
Why Some Traders Don't Use Stop Losses
Trailing Stop Loss
Stop Losses for Volatile Stocks
Using Stop Losses to Protect Your Profits
Stop Losses When Markets Open with Gaps
Stop Losses When a Stock is Being Manipulated
The Art Of Reading Charts
Overbought/ Oversold Overload
Gaps in Candlestick Charts
Weekly Charts-- For a Longer Trading Position
Using Hourly Charts 41
Be With the Stock On the 'West Side' and Let it Go On the 'East Side'.
Never Fight the Market
Don't Trade When You Don't Have Any Edge
Trading Pitfalls-- and How to Avoid Them
How much should you trade?
Buy High, Sell Higher
Going for the Jugular Trade
Trade With What You Can Afford to Lose
When Day Trading, Be a Fruit Vendor.
Winning the Game of Odds
Secrets of Open Interest
Riding the Longer Cycle
Channel Trading Systems
Improving Your Odds
Trading the Different Types of Rallies
Short Covering Rally
Long Term Rally
The Successful Trader's Psychology
Trading Replicates the Behaviour of Fish
Stop Blaming Others
Don't Have Preconceived Notions About the Market's Direction
Reading the Mind of Others Who are Trading Your Stocks
Beware the Trading Minefields
Trading Secrets from the Masters
Options are great for novice and experienced investors, great for all investors who wish to expand their portfolios and make money in stock market.Learn profitable and powerful options trading strategies which will lower your risk and increase your profits in today's market.
This book contains the following topics that will guide you through the path of Options Trading Strategy.
Chapter 1 Introduction to Options
The Importance of Learning Options
The Difficult Side of Options
Chapter 2a: Advantages of Options Trading
Hedging and Speculation
The Good and the Bad Sides of Options Trading
Chapter 2b: Nature and Characteristics of Options
Options Trading Parties
What is Call Option?
What is Put Option?
The Variants of Option
Option Trade Transacting versus Closing Out
Option Pricing and How It is Done
Chapter 3: Important Options Terms to Remember
Chapter 4: Should I Buy Futures or Should I Buy Options?
Buying Futures, Buying Options
Buying Options: Short Term and Long Term
Puts and Call – Buy Them but Don’t Sell Them
How to Make Money when the Market is Falling
Buying Puts for Surefire Gains
Buying Calls to Profit From an Up Trend
How to Profit when Buying Calls from a Bottoming Out Market
Chapter 5: How to Trade F&Os in Several Market Conditions
What It Means When You Buy in Wild Swings
Buying When Risk Aversion is High
Playing the Bull Market
How to Play in the Bear Market
Direction less Markets
Playing Range Bound Markets
Playing Intra day Moves
Being a Compulsive Trader
Trading a Falling Market Caused by Crazy Valuations
Trading a Falling Market Caused by Negative News
Trading a Rising Market Caused by Increasing Interest
Selling Puts Amidst High Tendency of Risk Aversion
Trading Accumulation and Distribution
Chapter 6: Understanding the Golden Rules of F&O Trading
Start by Having a Plan
Each Single Stock is Not a Trade
Don’t Buy a Mercedes if What You Can Afford is a Motorcycle!
Set Your Trades to a Maximum Limit of Three at Any Single Time
Don’t Trade Stocks That Have No Heavy Liquidity
Trade According to the Trend
The Value of Timing
Trade the Body and not the Head of the Price Move
Always Keep Track Of Your Emotions
Learn the Value of Being Consistent and Disciplined
Reality as Opposed to One’s Belief
A Trade is Born out of Positive Expectation that is Backed by a Positive Trend
Bread and Butter Money must be for Bread and Butter Alone
Be Contrarian in Your Thinking and Not When You Go Trading
Be Patient When You Find a Trade But Not When You Cut Losses
Emotions versus F&O Trading
The Value of Moderation in F&O Trading
Having a Profit Then Going Out With a Loss
When You Average a Loss in a Futures Position, You Are Simply Burning Money!
Avoid Watching TV!
The Unique Personality of Stock Futures and Options
Getting Different Results Mean Doing Things Differently
Buy Options in Low Cost/Premium
Buy Options When a Stock, a Sector or the Market is Trending Very Strongly
The Reality after Waking up from a Dream
Open Interest – How Real Can It Be
Understanding if the Option Price is Right
So What is the Real Deal on Options
Understanding How Options Really Work
Calls and Puts
Long and Short
European and American Options
Futures or Options?
A black swan is a highly improbable event with three principal characteristics: It is unpredictable; it carries a massive impact; and, after the fact, we concoct an explanation that makes it appear less random, and more predictable, than it was. The astonishing success of Google was a black swan; so was 9/11. For Nassim Nicholas Taleb, black swans underlie almost everything about our world, from the rise of religions to events in our own personal lives.
Why do we not acknowledge the phenomenon of black swans until after they occur? Part of the answer, according to Taleb, is that humans are hardwired to learn specifics when they should be focused on generalities. We concentrate on things we already know and time and time again fail to take into consideration what we don’t know. We are, therefore, unable to truly estimate opportunities, too vulnerable to the impulse to simplify, narrate, and categorize, and not open enough to rewarding those who can imagine the “impossible.”
For years, Taleb has studied how we fool ourselves into thinking we know more than we actually do. We restrict our thinking to the irrelevant and inconsequential, while large events continue to surprise us and shape our world. In this revelatory book, Taleb explains everything we know about what we don’t know, and this second edition features a new philosophical and empirical essay, “On Robustness and Fragility,” which offers tools to navigate and exploit a Black Swan world.
Elegant, startling, and universal in its applications, The Black Swan will change the way you look at the world. Taleb is a vastly entertaining writer, with wit, irreverence, and unusual stories to tell. He has a polymathic command of subjects ranging from cognitive science to business to probability theory. The Black Swan is a landmark book—itself a black swan.
Praise for Nassim Nicholas Taleb
“The most prophetic voice of all.”—GQ
Praise for The Black Swan
“[A book] that altered modern thinking.”—The Times (London)
“A masterpiece.”—Chris Anderson, editor in chief of Wired, author of The Long Tail
“Idiosyncratically brilliant.”—Niall Ferguson, Los Angeles Times
“The Black Swan changed my view of how the world works.”—Daniel Kahneman, Nobel laureate
“[Taleb writes] in a style that owes as much to Stephen Colbert as it does to Michel de Montaigne. . . . We eagerly romp with him through the follies of confirmation bias [and] narrative fallacy.”—The Wall Street Journal
“Hugely enjoyable—compelling . . . easy to dip into.”—Financial Times
“Engaging . . . The Black Swan has appealing cheek and admirable ambition.”—The New York Times Book Review
New Revelations: Featuring 15 explosive new chapters, this expanded edition of Perkins's classic bestseller brings the story of economic hit men (EHMs) up to date and, chillingly, home to the US. Over 40 percent of the book is new, including chapters identifying today's EHMs and a detailed chronology extensively documenting EHM activity since the first edition was published in 2004.
Former economic hit man John Perkins shares new details about the ways he and others cheated countries around the globe out of trillions of dollars. Then he reveals how the deadly EHM cancer he helped create has spread far more widely and deeply than ever in the US and everywhere else—to become the dominant system of business, government, and society today. Finally, he gives an insider view of what we each can do to change it.
Economic hit men are the shock troops of what Perkins calls the corporatocracy, a vast network of corporations, banks, colluding governments, and the rich and powerful people tied to them. If the EHMs can't maintain the corrupt status quo through nonviolent coercion, the jackal assassins swoop in. The heart of this book is a completely new section, over 100 pages long, that exposes the fact that all the EHM and jackal tools—false economics, false promises, threats, bribes, extortion, debt, deception, coups, assassinations, unbridled military power—are used around the world today exponentially more than during the era Perkins exposed over a decade ago.
The material in this new section ranges from the Seychelles, Honduras, Ecuador, and Libya to Turkey, Western Europe, Vietnam, China, and, in perhaps the most unexpected and sinister development, the United States, where the new EHMs—bankers, lobbyists, corporate executives, and others—“con governments and the public into submitting to policies that make the rich richer and the poor poorer.”
But as dark as the story gets, this reformed EHM also provides hope. Perkins offers a detailed list of specific actions each of us can take to transform what he calls a failing Death Economy into a Life Economy that provides sustainable abundance for all.
Daryl R. Conner, founder and chairman of the consulting firm Conner Partners, is a leading expert on change management. He has served as “change doctor” for clients that include non-profit enterprises, government agencies and administrations, and Fortune 500 companies in an array of industries such as Abbott Laboratories, PepsiCo, American Express, Catholic Healthcare West, JPMorgan Chase, and the U.S. Navy.
Based on Conner’s long-term research and his decades of consulting experience, Managing at the Speed of Change uses simple, easy-to-understand language and elegant visuals to explore the dynamics of change, and in doing so, teaches readers
• why major change is difficult to assimilate
• what distinguishes resilient individuals from those who suffer future shock
• how and why resistance forms
• how people become committed to change
• why organizational culture is so important to the success of change
• the roles most central to change in organizational settings
• why powerful teamwork is at the heart of achieving change objectives, and how to foster it
In this pioneering book, updated for the twenty-first century, Conner demonstrates how both individuals and organizations can develop the capacity not only to endure change but to thrive on it.
From the Hardcover edition.
Whatever happened to growth? In Revenue Management, Robert G. Cross answers this question with his ground-breaking approach to revitalizing businesses: focusing on the revenue side of the ledger instead of the cost side. The antithesis of slash-and-burn methods that left companies with empty profits and dissatisfied stockholders, Revenue Management overturns conventional thinking on marketing strategies and offers the key to initiating and sustaining growth.
Using case studies from a variety of industries, small businesses, and nonprofit organizations, Cross describes no-tech, low-tech, and high-tech methods that managers can use to increase revenue without increasing products or promotions; predict consumer behavior; tap into new markets; and deliver products and services to customers effectively and efficiently. His proven tactics will help any business dramatically improve its bottom line by meeting the challenge of matching supply with demand.
From the Trade Paperback edition.
On March 14, 2012, more than three million people read Greg Smith's bombshell Op-Ed in the New York Times titled "Why I Am Leaving Goldman Sachs." The column immediately went viral, became a worldwide trending topic on Twitter, and drew passionate responses from former Fed chairman Paul Volcker, legendary General Electric CEO Jack Welch, and New York City mayor Mike Bloomberg. Mostly, though, it hit a nerve among the general public who question the role of Wall Street in society -- and the callous "take-the-money-and-run" mentality that brought the world economy to its knees a few short years ago. Smith now picks up where his Op-Ed left off.
His story begins in the summer of 2000, when an idealistic 21-year-old arrives as an intern at Goldman Sachs and learns about the firm's Business Principle #1: Our clients' interests always come first. This remains Smith's mantra as he rises from intern to analyst to sales trader, with clients controlling assets of more than a trillion dollars.
From the shenanigans of his summer internship during the technology bubble to Las Vegas hot tubs and the excesses of the real estate boom; from the career lifeline he received from an NFL Hall of Famer during the bear market to the day Warren Buffett came to save Goldman Sachs from extinction-Smith will take the reader on his personal journey through the firm, and bring us inside the world's most powerful bank.
Smith describes in page-turning detail how the most storied investment bank on Wall Street went from taking iconic companies like Ford, Sears, and Microsoft public to becoming a "vampire squid" that referred to its clients as "muppets" and paid the government a record half-billion dollars to settle SEC charges. He shows the evolution of Wall Street into an industry riddled with conflicts of interest and a profit-at-all-costs mentality: a perfectly rigged game at the expense of the economy and the society at large.
After conversations with nine Goldman Sachs partners over a twelve-month period proved fruitless, Smith came to believe that the only way the system would ever change was for an insider to finally speak out publicly. He walked away from his career and took matters into his own hands. This is his story.
“Startling . . . richly crammed with insights, stories, fine phrases and intriguing asides.”—The Wall Street Journal
Just as human bones get stronger when subjected to stress and tension, many things in life benefit from disorder, volatility, and turmoil. What Taleb has identified and calls “antifragile” is that category of things that not only gain from chaos but need it in order to survive and flourish. The resilient resists shocks and stays the same; the antifragile gets better and better. What is crucial is that the antifragile loves errors, as it incurs small harm and large benefits from them. Spanning politics, urban planning, war, personal finance, economic systems, and medicine in an interdisciplinary and erudite style, Antifragile is a blueprint for living in a Black Swan world.
THE BLACK SWAN
“[A book] that altered modern thinking.”—The Times (London)
A black swan is a highly improbable event with three principal characteristics: It is unpredictable; it carries a massive impact; and, after the fact, we concoct an explanation that makes it appear less random and more predictable. The astonishing success of Google was a black swan; so was 9/11. In this groundbreaking and prophetic book, Taleb shows that black swan events underlie almost everything about our world, from the rise of religions to events in our own personal lives, and yet we—especially the experts—are blind to them.
FOOLED BY RANDOMNESS
“[Fooled by Randomness] is to conventional Wall Street wisdom approximately what Martin Luther’s ninety-five theses were to the Catholic Church.”—Malcolm Gladwell, The New Yorker
Are we capable of distinguishing the fortunate charlatan from the genuine visionary? Must we always try to uncover nonexistent messages in random events? Fooled by Randomness is about luck: more precisely, about how we perceive luck in our personal and professional experiences. Set against the backdrop of the most conspicuous forum in which luck is mistaken for skill—the markets—Fooled by Randomness is an irreverent, eye-opening, and endlessly entertaining exploration of one of the least understood forces in our lives.
THE BED OF PROCRUSTES
“Taleb’s crystalline nuggets of thought stand alone like esoteric poems.”—Financial Times
This collection of aphorisms and meditations expresses Taleb’s major ideas in ways you least expect. The Bed of Procrustes takes its title from Greek mythology: the story of a man who made his visitors fit his bed to perfection by either stretching them or cutting their limbs. With a rare combination of pointed wit and potent wisdom, Taleb plows through human illusions, contrasting the classical views of courage, elegance, and erudition against the modern diseases of nerdiness, philistinism, and phoniness.
“When You Wish Upon a Star,” “Whistle While You Work,” “The Happiest Place on Earth”—these are lyrics indelibly linked to Disney, one of the most admired and best-known companies in the world. So when Roy Disney, chairman of Walt Disney Animation and nephew of founder Walt Disney, abruptly resigned in November 2003 and declared war on chairman and chief executive Michael Eisner, he sent shock waves through the entertainment industry, corporate boardrooms, theme parks, and living rooms around the world—everywhere Disney does business and its products are cherished.
Drawing on unprecedented access to both Eisner and Roy Disney, current and former Disney executives and board members, as well as thousands of pages of never-before-seen letters, memos, transcripts, and other documents, James B. Stewart gets to the bottom of mysteries that have enveloped Disney for years: What really caused the rupture with studio chairman Jeffrey Katzenberg, a man who once regarded Eisner as a father but who became his fiercest rival? How could Eisner have so misjudged Michael Ovitz, a man who was not only “the most powerful man in Hollywood” but also his friend, whom he appointed as Disney president and immediately wanted to fire? What caused the break between Eisner and Pixar chairman Steve Jobs, and why did Pixar abruptly abandon its partnership with Disney? Why did Eisner so mistrust Roy Disney that he assigned Disney company executives to spy on him? How did Eisner control the Disney board for so long, and what really happened in the fateful board meeting in September 2004, when Eisner played his last cards?
DisneyWar is an enthralling tale of one of America’s most powerful media and entertainment companies, the people who control it, and those trying to overthrow them. It tells a story that—in its sudden twists, vivid, larger-than-life characters, and thrilling climax—might itself have been the subject of a Disney classic—except that it’s all true.
John Donahue and Richard Zeckhauser show how the public sector can harness private expertise to bolster productivity, capture information, and augment resources. The authors explain how private engagement in public missions--rightly structured and skillfully managed--is not so much an alternative to government as the way smart government ought to operate. The key is to carefully and strategically grant discretion to private entities, whether for-profit or nonprofit, in ways that simultaneously motivate and empower them to create public value. Drawing on a host of real-world examples-including charter schools, job training, and the resurrection of New York's Central Park--they show how, when, and why collaboration works, and also under what circumstances it doesn't.
Collaborative Governance reveals how the collaborative approach can be used to tap the resourcefulness and entrepreneurship of the private sector, and improvise fresh, flexible solutions to today's most pressing public challenges.
Jeremy Hope says it’s time to redefine the role of CFOs in today’s organizations, liberating them from ineffective number-crunching responsibilities and enabling them to focus on helping managers improve performance. Grounded in extensive research, Reinventing the CFO outlines seven critical roles—from streamlining redundant processes to regulating risk to identifying a few key measures—that CFOs must take on in order to successfully transform the finance operation.
Challenging many of the finance field’s accepted practices and systems, this bold book revolutionizes the role of financial managers and frees them to make smart, ethical, strategic decisions that add real value to the firm.
Signed by President Obama on April 5, 2012, Title IV of the JOBS Act amends the 1930s-era Regulation A, making it far easier for businesses to raise growth capital through public offerings. It is, in effect, a new type of IPO but with much less regulation and cost.
Regulation A+: How the JOBS Act Creates Opportunities for Entrepreneurs and Investors spells out new processes that can and will have a dramatic impact on how companies obtain growth capital to create new jobs and bolster returns for investors. Some financial gurus believe that the new law, dubbed Regulation A+ due to the enhancements, will usher in a revolutionary period of growth and innovation comparable to our largest past economic expansions.
To date, much of the commentary on the JOBS Act has focused on Title III, which allows broader use of crowdfunding to raise up to $1 million per year. However, many entrepreneurs and economists believe that new changes to Regulation A will have a much greater impact on innovation and job creation. The best part? Regulation A+ lifts many constraints on soliciting funds and trading new stock issues. Among other things, readers of this book will learn how to take advantage of these provisions:Regulation A+ permits companies to raise up to $50 million, a tenfold increase over the old limit of $5 million, and much more than the crowdfunding provisions of the JOBS Act ($1 million). Regulation A+ allows companies to market IPOs to more people than just accredited investors and makes it easier to get the word out on offerings. Regulation A+ allows certain companies to avoid the SEC periodic reporting regimen (Form 10-K, Form 10-Q, Form 8-K, and proxy statements), provided that the number of shareholders is kept below revised thresholds. Regulation A+ exempts certain companies from many onerous and costly compliance requirements, including Sarbanes-Oxley.
In short, Regulation A+ greatly simplifies the capital-raising process, making it easier to grow companies, create jobs, and reward investors.
Holacracy distributes authority and decision-making throughout an organization, and defines people not by hierarchy and titles, but by roles. Holacracy creates organizations that are fast, agile, and that succeed by pursuing their purpose, not following a dated and artificial plan.
This isn't anarchy – it's quite the opposite. When you start to follow Holacracy, you learn to create new structures and ways of making decisions that empower the people who know the most about the work you do: your frontline colleagues.
Some of the many champions of Holacracy include Tony Hsieh, CEO of Zappos.com (author of the #1 New York Times bestseller Delivering Happiness), Evan Williams (co-founder of Blogger, Twitter, and Medium), and David Allen.
Valuation, Capitalization, and Transfer of Private Business Interests
"In the years since publication of the first edition of Private Capital Markets, the concepts and ideas that it presents have been widely accepted by progressive members of the business valuation community. Now with the Second Edition, author Rob Slee has included empirical data on capital markets for midsized businesses. This book remains a must for everyone involved in appraising, buying, selling, or financing privately owned businesses."
—Raymond C. Miles, founder, The Institute of Business Appraisers
"The Graziadio School of Business has used the Private Capital Markets book for several years with great success. This course, along with the Pepperdine Private Capital Markets Survey project, has helped our students better prepare for careers in middle market companies."
—Linda Livingstone, Dean of the Graziadio School of Business and Management, Pepperdine University
"Our international association of independent M&A professionals recommends this text as the most comprehensive foundation for understanding the private capital marketplace. This book is essential reading for middle market M&A advisors, investors, and other decision-makers in the private capital markets."
—Mike Nall, founder, Alliance of M&A Advisors
A practical road map for making sound investment and financing decisions based on real experiences and market needs
Now fully revised and in a second edition, Private Capital Markets provides lawyers, accountants, bankers, estate planners, intermediaries, and other professionals with a workable framework for making sound investment and financing decisions based on their own needs and experiences.
This landmark resource covers: Private business valuation Middle market capital sources The business ownership transfer spectrum And much more
Private Capital Markets, Second Edition surveys the private capital markets and presents the proven guidance you need to navigate through these uncharted waters.
David E. Vance, C.P.A., is an instructor in the M.B.A. program at Rutgers University School of Business and director of executive development for the Rohrer Center for Management and Entrepreneurship.
Project Finance aims to provide:
*Overview of project finance
*Understanding of the key risks involved in project finance and techniques for mitigating risk
*Techniques for effective evaluation of project finance from both a financial and credit perspective
The author differentiates between recourse and non-recourse funding, tackles the issues of feasibility, identifies the parties normally involved with project finance plans, and details techniques for realistic cash flow preparation.
*Inspired by basic entry level training courses that have been developed by major international banks worldwide
*Will enable students, and those already in the finance profession, to gain an understanding of the basic information and principles of project finance
*Includes questions with answers, study topics, practical 'real world' examples and an extensive bibliography
By the author of the modern classic The Black Swan, this collection of aphorisms and meditations expresses his major ideas in ways you least expect.
The Bed of Procrustes takes its title from Greek mythology: the story of a man who made his visitors fit his bed to perfection by either stretching them or cutting their limbs. It represents Taleb’s view of modern civilization’s hubristic side effects—modifying humans to satisfy technology, blaming reality for not fitting economic models, inventing diseases to sell drugs, defining intelligence as what can be tested in a classroom, and convincing people that employment is not slavery.
Playful and irreverent, these aphorisms will surprise you by exposing self-delusions you have been living with but never recognized.
With a rare combination of pointed wit and potent wisdom, Taleb plows through human illusions, contrasting the classical values of courage, elegance, and erudition against the modern diseases of nerdiness, philistinism, and phoniness.
“Taleb’s crystalline nuggets of thought stand alone like esoteric poems.”—Financial Times
In The Org, Ray Fisman and Tim Sullivan explain the tradeoffs that every organization faces, arguing that this everyday dysfunction is actually inherent to the very nature of orgs. The Org diagnoses the root causes of that malfunction, beginning with the economic logic of why organizations exist in the first place, then working its way up through the org’s structure from the lowly cubicle to the CEO’s office.
The purpose of meetings and why they will never go awayWhy even members of al Qaeda are required to submit travel and expense reportsWhat managers are good forHow the army and other orgs balance marching in lockstep with fostering innovationWhy the hospital administration—not the heart surgeon—is more likely to save your lifeWhy CEOs often spend more than 80 percent of their time in meetings—and why that's exactly where they should be (and why they get paid so much)
Every three months, 14,000 publicly traded companies report sales and profits to their shareholders. Nothing is more important in these quarterly announcements than earnings per share, the lodestar that investors—and these days, that’s most of us—use to judge the health of corporate America. earnings per share is the number for which all other numbers are sacrificed. It is the distilled truth of a company’s health.
Too bad it’s often a lie.
The Number provides a comprehensive overview of how Wall Street and corporate America lost their way during the great bull market that began in 1982. With fresh insight, wit, and a broad historical perspective, Berenson puts the accounting fraud of the past three years in context, describing how decades of lax standards and shady practices contributed to our current economic troubles.
As the bull market turned into a bubble, Wall Street became utterly focused on “the number,” companies’ quarterly earnings. Along the way, the market lost track of what companies are really supposed to do—build profitable businesses with sustainable futures. With their pay soaring, and increasingly tied to their companies’ shares, executives were more than happy to give Wall Street the predictable earnings reports it wanted, what-ever the reality of their businesses. Accountants, analysts, money managers, and individual investors played along, while the Securities and Exchange Commission found itself overwhelmed and underequipped to cope with the earnings game.
The Number offers a unified vision of how today’s accounting scandals reflect a broader system failure. As long as investors remain too focused on the number, companies will find ways to manipulate it. Alex Berenson gives anyone who has ever invested in—or worked for—a public company the tools necessary to see beyond the cult of the number, understand accounting and its limits, and recognize patterns that can lead to fraud. After two decades of stock market hype, The Number offers a welcome dose of truth about the way Wall Street and corporate America really work.
From the Hardcover edition.
All the steps are fully explained with screenshots from a case model which can be downloaded online and used to practice as you work through the manual. The manual contains additional chapters focussing on circularity in models and how to troubleshoot related problems. The manual also includes a guide on to how to thoroughly check a model for errors and how to resolve them, and an introduction to the key Excel keyboard shortcuts and functions that will ensure fast, accurate modelling.
To download the accompanying excel model for this manual please go to https://bgmanual.learnupon.com - See more at: http://www.firstywork.com/BGConsulting/index.htm?/Financial+Modelling+Manual/&bid=9780954449698#sthash.voWBn6Dv.dpuf
In this thoroughly revised edition, he broadens his perspective to consider all companies that resist easy valuation, highlighting specific types of hard-to-value firms, including commodity firms, cyclical companies, financial services firms, organizations dependent on intangible assets, and global firms operating diverse businesses. He covers the entire corporate lifecycle, from “idea” and “nascent growth” companies to those in decline and distress, and offers specific guidance for valuing technology, human capital, commodity, and cyclical firms.
Important Notice: Media content referenced within the product description or the product text may not be available in the ebook version.
Gerald Davis argues this is a root cause of the income inequality and social instability we face today. Corporations were once an integral part of building the middle class. He points out that in their heyday they offered millions of people lifetime employment, a stable career path, health insurance, and retirement pensions. They were like small private welfare states.
The businesses that are replacing them will not fill the same role. For one thing, they employ far fewer people—the combined global workforces of Facebook, Yelp, Zynga, LinkedIn, Zillow, Tableau, Zulily, and Box are smaller than the number of people who lost their jobs when Circuit City was liquidated in 2009. And in the “sharing economy,” companies have no obligation to most of the people who work for them—at the end of 2014 Uber had over 160,000 “driver-partners” in the United States but recognized only about 2,000 people as actual employees.
Davis tracks the rise of the large American corporation and the economic, social, and technological developments that have led to its decline. The future could see either increasing economic polarization, as careers turn into jobs and jobs turn into tasks, or a more democratic economy built from the grass roots. It's up to us.
This complete summary of the ideas from Zeynep Ton's book "The Good Jobs Strategy" tells you how most companies believe that they need to keep costs down and pay employees very little to keep their prices low. According to Zeynep, this is a ‘bad jobs strategy’. A ‘good jobs strategy’ involves investing in people and paying them more. By offering them better pay and more benefits, they will be more motivated to work hard. These companies have an enthusiastic team, strong returns for investors and still offer low prices for customers.
Added-value of this summary:
• Save time
• Employ a ‘good jobs strategy’ in your company
• Offer your employees better benefits to keep them motivated
To learn more, read “The Good Jobs Strategy” and find out how you can get the best out of your employees!
This text aims at educating the students the fundamentals of Corporate Finance, and explains how various theories can be applied for efficient decision making for the financial managers.
The book is conceptualized on practical approach, and explores various topics in an easy and step-by-step approach, backed by numerous examples, self-test exercises and India-centric cases.
The complex financial concepts related to capital structure, risk and return analysis, valuation of financial securities, market efficiency and portfolio management have been explained in a reader-friendly manner to provide a unique learning experience.
The book is intended for the postgraduate students of Management, and practising financial managers.
• The chapters are backed by strong practical experience of in-depth financial analysis of Companies.
• Supplemented with real-life examples and scenarios in a concise and comprehensive presentation.
• India-centric cases to create an interactive class room environment.
• Topics for further research have been included on each major topic as ‘Researchable Issues’.
• Each chapter contains side-boxes to highlight the important points for quick revision.
• Each chapter is incorporated with Review Questions, Practice Exercises and Self-Test Questions to add analytical approach to the subject.
• Revision set and PPT slides provided as web support.
• Solutions Manual for instructors, available on request.
Sheila Bair is widely acknowledged in government circles and the media as one of the first people to identify and accurately assess the subprime crisis. Appointed by George W. Bush as the chairman of the Federal Deposit Insurance Corporation (FDIC) in 2006, she witnessed the origins of the financial crisis and in 2008 became—along with Hank Paulson, Ben Bernanke, and Timothy Geithner—one of the key players trying to repair the damage to our economy. Bull by the Horns is her remarkable and refreshingly honest account of that contentious time and the struggle for reform that followed and continues to this day.
A level-headed, pragmatic figure with a clear focus on serving the public good, Bair was often one of the few women in the room during heated discussions about the economy. Despite her years of experience and her determination to rein in the private banks and Wall Street, she frequently found herself at odds with Geithner. She is withering in her assessment of some of Wall Street’s finest, and her narrative of Citibank’s attempted takeover of Wachovia is a stinging indictment of how regulators and the banks worked against the public interest at times to serve their own needs.
Bair is steadfast in her belief that the American public needs to fully understand the crisis in order to bring it to an end. Critical of the bank bailouts and the Can. $29.99 lax regulation that led to the economic crash, she provides a sober analysis as well as a practical plan for how we should move forward. She helps clear away the myths and half-truths about how we ran our economic engine into the ditch and tells us how we can help get our financial and regulatory systems back on track.
As The New Yorker said, “Bair has consistently stood out for her skepticism of Wall Street and for her eagerness to confront the big banks. A Kansas Republican, she has become an unlikely hero to economic liberals, who see her as the counterweight to the more Wall Street–centric view often ascribed to Timothy Geithner, the Treasury Secretary” (July 6, 2009).
Tony in his straight-forward, jargon free style provides the investor and business owner with a simple guide to protecting assets, reducing tax and keeping wealth in the family for future generations.
Inside you’ll discover how to:
1. Protect assets that have been accumulated in your personal name.
2. Ensure that your wealth is passed securely to your descendants and is not diluted by in-laws who marry into the family.
3. Ensure your wealth is controlled (even after you have passed away) according to your wishes, so that it is not squandered by irresponsible, extravagant heirs.
4. Place assets into a Trust that will not end in 80 years, but one that continues forever.
5. Ensure that once all structures, wills and protections are in place, they are updated and remain compliant with any changes in the law and in your personal circumstances.
Important Notice: Media content referenced within the product description or the product text may not be available in the ebook version.
Retaining the authority and reputation of previous editions, it now covers several topics in-depth which are frequently under explored, including distribution policy and capital budgeting.
Features new to this edition include:
a new chapter on real options new material on uncertainty in decision-making.
Easily understandable, and covering the essentials of capital budgeting, this book helps readers to make intelligent capital budgeting decisions for corporations of every type.
Mastering Financial Calculations starts by introducing the fundamentals of financial market arithmetic, including the core concepts of discounting, net present value, effective yields, and cash flow analysis. Next, walk step-by-step through the essential calculations and financial techniques behind money markets and futures, zero-coupon analysis, interest rate and currency swaps, bonds, foreign exchange, options, and more. Making use of many worked examples and practical exercises, the book explains challenging concepts such as forward pricing, duration analysis, swap valuation, and option pricing - all with exceptional clarity.
Whether you are a trader, fund manager, corporate treasurer, programmer, accountant, risk manager, or market student, you'll gain the ability to manipulate and apply these techniques with speed and confidence.
In this book, you’ll learn how financial planning works. You’ll learn to take stock of your current financial situation, set goals and a course of action, and then evaluating those strategies. This book will teach you how to put your financial plan into action, and then review and revise that plan as necessary. This step-by-step guide will prepare you for any future financial planning as well.
This book contains the following topics that will guide you through the path of Financial Planning And Analysis.
Table of Contents
What Is Financial Planning?
The Need for Financial Planning.
Who Is A Financial Planner?
Remuneration Of Financial Planners
Who Needs Financial Planning Advice?
Who Is A Successful Financial Planner?
Comprehensive Financial Planning-- A Six-Step Process
Why Companies Issue Equity Share?
Risks Associated With Equity Investing:
Checking Your Equity Investment 39
Tax Impact On Your Equity Investment Returns.
Insights On Gold Investing
Why Gold Should Form Part Of Your Investment Portfolio
SECURITY AGAINST GLOBAL UPHEAVALS:
SIMPLE TO STORE:
HEDGE AGAINST INFLATION:
Ways of Investing In Gold
Different Forms Of Gold Investing – A Comparison.
Tax On Gold Investing:
Gold Is A 'Capital Asset':
Capital Gains Tax On Physical Gold
Wide range Tax On Physical Gold:
Tax obligation Applicable On Gold Futures Contracts.
Tax Applicable On Gold Etfs:
Misconceptions About Gold.
MISCONCEPTION: Investment In Stock Is Better Than Gold.
Misconception: Gold Is A Risky Investment.
Misconception: If Your Jeweller Is Willing To Buy Back The Gold You Purchase From.
Misconception: It Is Safer To Buy Branded Jewellery Than To Buy Jewellery From.
Plan Your Life Insurance
Paid up policy
2. Cleaning Your Life Insurance Portfolio
Plan Your Health Insurance
Compensation Based Policies Vs. Lump Sum Benefit Plans
Individual Vs. Family Floater Health Insurance Policies.
When To Buy Health Insurance—When Healthy Vs. When Unhealthy
Health Insurance Protects Your Wealth.
It 'S A Long-Term Product, Not Short-Term
What Is The Waiting Period?
Tax Benefits Of Health Insurance.
5 Things To Look For In A Health Insurance Policy
1. Go For A Basic Policy
2. Maximum Renewal Age.
3. Consider Sub Limits And Caps.
4. Optimum Cover.
5. Insurer Credibility.
Good Websites To Check And Compare Health Insurance
Plan Your Emergency Fund
Peace Of Mind
How Much To Keep Aside
Where To Invest?
1. Savings Bank Account
2. Liquid Funds
3. Online Fixed Deposits
4. Credit Card
What Is Retirement Planning?
What Is The Need For Retirement Planning?
Rising Cost Of Medical Services
Failure Of Joint Family System
Rise In Longevity
Why The Need For Retirement Planning Is Increasing
Who Needs Retirement Planning Advice?
Role Of Financial Planners In Making Efficient Retirement Plans
Exactly how Are Financial Planning And Retirement Planning Interrelated?
Exactly how Can My Retirement End up being Tax obligation Reliable?
Step 1: Start Early And Retire Peacefully.
Step 2: Have A Concrete Plan
Step 3: Consult A Financial Planner/Financial Advisor
Step 4: Monitor The Investments And Review The Plan:………………………………………………………………………..
Step 5: Do Not Dip Into Your Retirement Savings
But Tim Harford, award-winning journalist and author of the bestseller The Undercover Economist, likes to spring surprises. In this deftly reasoned book, Harford argues that life is logical after all. Under the surface of everyday insanity, hidden incentives are at work, and Harford shows these incentives emerging in the most unlikely places.
Using tools ranging from animal experiments to supercomputer simulations, an ambitious new breed of economist is trying to unlock the secrets of society. The Logic of Life is the first book to map out the astonishing insights and frustrating blind spots of this new economics in a way that anyone can enjoy.
The Logic of Life presents an X-ray image of human life, stripping away the surface to show us a picture that is revealing, enthralling, and sometimes disturbing. The stories that emerge are not about data or equations but about people: the athlete who survived a shocking murder attempt, the computer geek who beat the hard-bitten poker pros, the economist who defied Henry Kissinger and faked an invasion of Berlin, the king who tried to buy off a revolution.
Once you’ve read this quotable and addictive book, life will never look the same again.
From the Hardcover edition.
You’re about to discover essential strategies and tips on how to become successful on Amazon. A lot of people want to have the freedom of working for themselves. Thanks to Amazon anyone with a computer has the opportunity to make thousands and even millions from the comfort of their own home. Provided in this book is a proven step by step process on how to get your online business started. Also provided in this book are proven strategies and steps on how to grow your business make huge profits right away!
This book contains the following topics that will guide you through the path of FBA Amazon Selling Private Label : How To Make Money With Amazon FBA
Table of Contents
Chapter 1: FBA = Fulfillment By Amazon
What Is "Fulfillment By Amazon"?
Advantages of Using FBA:
What's the Catch? Understanding the FBA Fee Structure
Chapter 2: What Should You Sell on Amazon.com?
What Should You Sell on Amazon.com in the start?
How Much Are Your Media Items Worth?
What Can You Do With Items That Won't Sell Well on Amazon?
Chapter 3: The Essentials Steps To Selling Your Products
Step 1: Choosing Your Niche
Step 2: Preselling Your Product
Step 3: Sourcing Your Products.
Step 4: Launching Your Product.
Chapter 4: Listing Your Books (and Other Media) on Amazon.com
Creating Your Seller Account
Listing & Pricing Your Merchandise
Four Specific Examples of Book Pricing
Chapter 5: Beyond the Books Building a Company with FBA
Update Your Account
Expert Account Extra Features
Becoming a Better Bookseller.
Devices to Make Bookselling Easy.
Sales Rank - Is It Important?
Sourcing Non-Media Inventory.
Use FBA Across the Web
Chapter 6: What You Need To Know About Private Labeling
What is Private Labeling?
The Benefits of Private Labeling
Chapter 7: Shipping Your Merchandise to Amazon
Cleaning Your Inventory
Packing Your Merchandise
How to Create an FBA Shipment
Chapter 8: Growing Your Company
What To Do After Your First Product Launch
Growing Your Profits and Product Line.
Automating Your Amazon Business.
Michael Lewis creates a fresh, character-driven narrative brimming with indignation and dark humor, a fitting sequel to his #1 bestseller Liar's Poker. Out of a handful of unlikely-really unlikely-heroes, Lewis fashions a story as compelling and unusual as any of his earlier bestsellers, proving yet again that he is the finest and funniest chronicler of our time.
This ebook offers some of the freshest thinking today on practical measures that businesses can implement to create shared value. Originally published in an online forum hosted by Harvard Business Review, it offers valuable advice about how CEOs, other senior executives, and boards of directors can work together to engage stakeholders in new ways, change their companies’ values, build healthier relationships with investors, revamp incentive systems to create long-term value, and develop stronger succession plans.
The authors of this collection of short articles include current or former CEOs, such as Howard Schultz of Starbucks and Dominic Barton of McKinsey & Company, and an array of prominent academics and other thought leaders, including Roger Martin of the University of Toronto, Jeffrey Pfeffer of Stanford, and Alfred Rappaport of Northwestern.
Its editors are Raymond Gilmartin, the former CEO of Merck and, until recently, an adjunct professor at Harvard Business School, and Steve Prokesch, a senior editor at Harvard Business Review who previously worked at the New York Times and BusinessWeek magazine. In their introduction, they offer five specific recommendations on how CEOs can restore public faith in capitalism.
HBR Singles provide brief yet potent business ideas, in digital form, for today's thinking professional.
The authors believe that students who understand the intuition underlying the basic concepts of finance are better able to develop the critical judgments necessary to apply financial tools in real-world, decision-making situations. Their text develops intuitive thinking while simultaneously helping students develop problem solving and computational skills. It then shows students how to apply intuition and analytical skills to decision making, while integrating it all with valuation and building shareholder value.
This book describes in full the major approaches used to evaluate investment in real estate and shows how theory informs decision-aid methods and tools to support such evaluation. The inclusion of numerous examples makes it also a practical guide to assessing the suitability of an investment property.
This book contains the following topics that will guide you through the path of Real Estate Market Analysis
Table of Contents
Chapter 1: Starting
Is Real-Estate Investing Right for You?
Consider Where You Fit In
Assess Your Real-Estate Market
Give Yourself Some Time
Chapter 2: EMPHASIE ON YOUR GOALS
WHAT DOES A REAL ESTATE GOAL LOOK LIKE?
YOUR PERSONAL FINANCIAL FREEDOM PLAN: FOCUS, NARROW, DEFINE.
YOUR REAL ESTATE GOAL: THE FOUR PARAMETERS
STRESS YOUR GOALS RIGHT NOW.
Chapter 3: Where You Can Invest?
(c)Dealing with a Residential Development
(e)Easements as well as Rights-of-Way
Industrial and also Industrial Properties
(f)Finding Expert Advice
Old House Renovation Pros and Cons
How to Use Land When Investing In Real Estate Investment
Chapter 4: Dealing with Real-Estate Agents.
Exactly how Can an Agent Help?
Should Real-Estate Investors Become Agents?
Chapter 5: Real Estate Financing
Why You Need to Understand Real Estate Financing
Home Patli Mortgages
Home Equity Loans and Lines of Credit –
EIULS, Life Insurance, ROTH IRAs, and Other Sources
Chapter 6: Real Estate Marketing
Your Greatest Real Estate Marketing Tool: Yourself
Real Estate Marketing Through Networking
Networking in the Online
Advertising and marketing Through Online Advertising
Benefits of Online Pav-Per-Click Advertising
Exactly how Online Advertisement Pricing Works:.