Book Description

The Ninth Edition of this market leader communicates the complexities of international finance clearly and authoritatively.The book features a streamlined presentation, expanded attention to emerging markets, several new chapters, and four new decision cases with an emerging-markets focus.An accompanying new Casebook by Michael Moffett includes in-depth decision cases keyed to the coverage in the Eiteman text. The authors have a knack for communicating the complexities of international finance to today's students in a manner that is clear and understandable.For anyone interested in business. ... Read more

Reviews (3)

Good, yet not good enough.
This book gives plenty of background into international finance. Unfortunately, it has some big flaws, in my opinion. First, there are not enough calculation examples. Second, there are too few questions at the end of each chapter. In addition, you must go to the author's website for the solution. Once you get there, you will be surprised to find out that the author has only solved maybe two out of eight problems. That's annoying. I do not recommend this book. Take a class from another professor who uses a different text book.

The International Financial Environment
Discuss the changing world attitude toward multinational corporations and identify the evidence cited which sheds new light on the old attitude that multinational companies crowd-out local firms.

tests
tests, guidelines, most important points ... Read more

Book Description

This book offers a comprehensive exploration of the revolutionary developments occurring in the world's financial markets and institutions —i.e., innovation, globalization, and deregulation —with a focus on the actual practices of financial institutions, investors, and financial instruments. KEYTOPICS: Extensive coverage of the markets for derivative securities. Coverage of Depository Institutions is included. For professionals in the field of financial markets. ... Read more

Reviews (1)

This book is great, very educational!
I use this textbook for my Financial Markets class and I learn so much from it. Fabozzi does a wonderful job of transfering his ideas to students so they can comprehend them and learn. Because of this book, I will definately get an 'A' in my class. I recommend this book to anybody. ... Read more

Book Description

The Industry’s Most Comprehensive Treatment of the Modern MBS/ABS Marketplace–From the Pioneers Who Helped Create the Market

"Lakhbir Hayre’s work ranks in the top echelon of fixed income research of the past two decades. Both new entrants and seasoned market professionals can benefit from the insights compiled in this volume."–Greg Parseghian, Senior Vice President and Chief Investment Officer, Freddie Mac

"This is an enormously comprehensive study of the MBS and ABS markets by one of the most respected people in the field. Its unmatched wealth of institutional and technical detail make it an invaluable reference to anyone interested in these markets."–Richard Stanton, Associate Professor of Finance, Haas School of Business, University of California, Berkeley

"This is an excellent and comprehensive guide that is clearly required reading for anyone interested in these important financial markets. I particularly liked the many explicit examples of prepayment modeling approaches."–Francis A. Longstaff, Professor of Finance, The Anderson School, University of California, Los Angeles

High credit quality and superior returns have contributed to the growthof MBSs and ABSs in the institutional investment community. Let the Salomon Smith Barney Guide to Mortgage-Backed and Asset-Backed Securities provide you with the expert, in-depth treatment you need to understand–and profit from–MBS and ABS investments. ... Read more

Reviews (5)

Hayre is lucid and informative! The Best Prepayment book
As other reviewers have mentioned this is a must for anyone involved with MBS ABS markets. Outstanding discussions on prepayment. Very detailed analysis of MBS ABS structures and related processes. A must for all people working with MBS.
Some modeling is hidden and not well explained...

An Essential Guide Plus Another
A fine guide book for the asset-backed and mortgage-backed securities markets from the original dominating force: Salomon Brothers (now Salomon Smith Barney). This comprehensive volume is an essential reference for asset backed securities and mortgage backed securities, albeit it is somewhat U.S. centric.

"Collateralized Debt Obligations and Structured Finance" by Janet Tavakoli completes and updates the essential structured finance collection. Tavakoli discusses synthetics which use credit derivatives techology and compares them to cash deals. She also exposes weaknesses in the ratings and in the structural elements that investors and structurers can correct, or at least negotiate value. She also talks about the risks of fraud, inadequate asset due diligence, and inadequate documentation & structural protections.

Clearly the best!
A clear and detailed book, written by the No. 1 expert in MBS from, Salomon Smith Barney, the best MBS underwriting and trading firm on Wall Street. A must for all people working with MBS.

Highly Recommended!
Lakhbir Hayre has created a comprehensive and authoritative reference guide for the asset-backed and mortgage-backed securities markets. In compiling this book, Hayre drew on the expertise of ABS and MBS specialists from Salomon Smith Barney, which was a pioneer in the development of these markets and still trades the largest volume of the securities. This huge volume includes plenty of charts, graphs and illustrations as companions to its enormously detailed and clearly explained descriptions and analysis. We [...] recommend this book as a useful reference for experts and an enlightening introduction for securitization novices.

its ok
it was a good well balanced book it was fun to reasd ... Read more

Book Description

Now you can get all the accuracy, authority, and student success of the best-selling intermediate accounting text in a brief, streamlined new version! The authors have made tough decisions about what material remains at the core of the intermediate accounting course, and what details (for example, methods of depreciation) are less important for today's student. The result of their work is the briefest two/three-semester intermediate text on the market. This new streamlined size will also allow you to introduce case material or special readings as you choose. ... Read more

Book Description

Suze Orman has transformed the concept of personal finance for millions by teaching us how to gain control of our money -- so that money does not control us. She goes beyond the nuts and bolts of managing money to explore the psychological, even spiritual power money has in our lives. The 9 Steps to Financial Freedom is the first personal finance book that gives you not only the knowledge of how to handle money, but also the will to break through all the barriers that hold you back.

Combining real-life recommendations with the motivation to overcome financial anxieties, Suze Orman offers the keys to providing for yourself and your family, including:

* seeing how your past holds the key to your financial future
* facing your fears and creating new truths
* trusting yourself more than you trust others
* being open to receiving all that you are meant to have
* understanding the lessons of the money cycle

The 9 Steps to Financial Freedom is useful advice and inspiration from the leading voice in personal finance. As Orman shows, managing money is far more than a matter of balancing your checkbook or picking the right investments. It's about redefining financial freedom -- and realizing that you are worth far more than your money. ... Read more

Reviews (172)

Practical, useful, multidimensional, immediate use
Just finished reading this...and then immediately went into work and changed my 401(k) contribution to the maximum. Also am looking for a money market account and will begin managing my own IRA stuff...now that I feel more comfortable doing it. Plan to lend the book to friends, and called my parents to tell them to get a copy and start getting things in order...such as getting a trust instead of a will, getting LTC insurance, etc. I liked her straightforward writing style; she has a knack for explaining the "mysterious" world of investing and finance in a way you can quickly and easily understand. She makes you feel more confident...that you can indeed manage your money. In today's often confusing world, it was very helpful to hear that you can trust your intuition and you don't have to "fall prey" to financial advisors. Also, from personal experience, I know that her advice about "good brings good" and "respect of money will bring you more money" is true. My husband got in a serious accident a year ago and at the time we were in a bad bad financial position--no emergency funds, high credit card debt, prospects of little or no income. This "kick in the pants" helped me to take control of my money and now a year later our credit cards are paid off, we have 4 months of bills in the bank, and I am maxing out my 401(k). Suze Orman's book came to me just when I was ready for the next step, and I am putting it to good use. I highly recommend!!!

Financial Serenity
While this author describes 9 steps towards "Financial Freedom," I kept asking myself, "But what about ...?"

For those of who want a great primer into recreating your financial identity, this is an excellent beginning.

Suze Orman started out with a degree in Sociology (And she was attacked in the financial world for having "too much psychobabble").

Two events that compelled her to learn about and to be an expert on money:
1. When her father's store caught on fire, he desperately ran
into the store to grab his cash register. This caused him to
be badly burned. And it taught Suze Orman to learn about
investments, savings and related topics.
2. After college, she was a stock broker for Merrill Lynch.
This is where she learned the difference between what was
being told to the public, and what the truth about money is.

Through these events she discovered her life's work is telling people the truth about money.

Within this book Orman talks a lot about uncovering your money memories, and seeing where those money memories have led you to have the relationship to money that you now have.

She also covers many fundamental topics about retirement and investing in this book. But she does not take readers through the journey of earning a dollar, to growing that dollar into several millions - or to allowing that money to work for you.

I'd suggest that you read these seven books, after reading "Nine Steps to Financial Freedom":
1. "More Wealth Without Risk," by Charles Givens
2. "Financial Self-Defense," by Charles Givens
3. "The Millionaire Next Door," by Thomas J. Stanley, Ph.D., &
William D. Danko, Ph.D.
4. "Simple Abundance," by Sarah Ban Breathnach
5. "Creating Money," by Sanaya Roman & Duane Packer
6. "Girl, Get Your Money Straight!" by Glinda Bridgforth
7. "Open Your Mind to Prosperity," by Catherine Ponder

Where most financial books assume that you have money, and that you are not only ready to allow that money to work harder than you work, they also assume that you will be at peace with this.

Read "Nine Steps to Financial Freedom," to face your past, and to practice, for the sake of practicing to be a peace with your control over money.

Useful bits
I found this book to be sowewhat educational with a some good ideas here and there. With books like this, I try the philosophy "absorb what is useful". Some things are very helpful and some are just conceit in my opinion. I wouldn't pay too much for it, but every little bit of simple info helps.

Outstanding book Suze
The 9 Steps to Financial Freedom is OUTSTANDING in presentation and content. Suze is indeed the Queen of personal finance and the most widely read financial author today.

In addition to this great book, I also recommend More Wealth Without Risk and Financial Self Defense by Charles Givens. Two books that gives even more OUTSTANDING advice that you won't find anywhere else.

Great books. Good luck!

My favorite personal finance book
Although Suze has written newer material, 9 Steps is still my favorite personal finance book. I believe it is the best personal finance book bar none.

These fans of Quinn need to get a life. If Quinn is so great, how come her book doesn't sell and those that bought it [myself included] were vastly dissappointed with it.

Besides, Quinn has her own place to write reviews. Why come over here unless it is a desperate attempt to drum up interest in her pathetic book. ... Read more

Book Description

The first course in finance for finance and business majors has traditionally focused solely on managerial (or corporate) finance.Now, many schools are indicating a need to introduce these students- particularly the non-finance business majors - to the other two major components of finance - institutions and investments - in this first course but at the same level of rigor as traditional financial management texts.With Principles of Finance, Second Edition, Scott Besley and Gene Brigham begin with a discussion of the principles of financial systems and business organizations, move on to valuation concepts and corporate decision making (managerial finance).They conclude with coverage of investment fundamentals.Key chapters may be covered in a one-term course or supplemented with cases and outside readings for a two-term course. Chapters are written in a flexible, modular format, allowing instructors to cover the material in their favorite sequence. ... Read more

Book Description

Statistics for the Utterly Confused is your user-friendly introduction to elementary statistics, designed especially for non-math majors

Required courses in statistics are cause for alarm among more than 500,000 undergraduates in such disciplines as nursing, allied health, pre-law, pre-medicine, business administration, and criminal justice. This super-accessible book demystifies the dreaded subject for non-math majors.

Statistics for the Utterly Confusedprovides a logical, step-by-step approach to introductory statistics, stripping away confusing material and clarifying key concepts without long, theoretical discussion and includes:

• Handy icons throughout the text offer easy visual aids
• 500 self-testing questions
• Technology Corner sections explain the latest software
• Provides more than 200 examples and solved problems

Reviews (29)

Statistics for the Utterly Confused
I am a student at Morehead State University and Business Statistics is one of the most difficult classes in my course requirements until I discovered the book, Statistics for the Utterly Confused. The layout of the book was very thorough and easy to read. I truly appreciated the examples given throughout each chapter. The 'quick tips' and 'its a wrap' sections of the book helped me make sure that I understood the key points that were discussed! I would advise anyone who is having a difficult time with statistics to definitely purchase this book. It was a great investment that helped out tremendously!

A Great Investment for Business Stats Students
I was "utterly confused" until I purchased this book. However, when I followed the instructions on how to complete problems provided by Dr. Jaisingh I gained a greater understanding of statistics. Dr. Jaisingh did a wonderful job of putting this book together. It is easy to read and the problems are almost self-explanatory. I would definitely recommend this book to anyone who has to take Business Statistics. You did a great job Dr. Jaisingh, I was very impressed.

Recommended
For me, more revelant than "Stats for Dummies", the Utterly Confused stats book is more focused toward business stats. I found the Cliffs book a bit stiff, Dummies too loose and Utterly confused just about right. At least it helped decipher the Business Stats text book I was trying to wrap my arms around.

There's no substitute for a Stats course, and the utterly confused stats book should help ease one into the lingo and nomenclature rather than suffer a head-on crash with syllabus and curriculum.

Don't take statistics without it.
I took a statistics correspondence course for credit. The study guide made no sense to me. I finally got online and found this book. I was hesitant, because like the computer instructions you get, Statistic instructors think they are dummying it down for us but are only dummying it down for them. I was pleasantly surprised. I loved the quesions at the end. You are able to apply the knowledge immediately and get feedback. I received an A in the course, and not from the expensive study guide that I bought that was supposed to help me pass.
Any average person who is required to take statistics should get this book. If it helped me, it will help anyone. Thanks Dr. Jaisingh

Simple and Concise
I bought the book looking for something to assist in prepping people for 6 Sigma training in the statistics of analyze phase. Many people have been out of school for a long time or never got into the statistics of 6 sigma before. The goal was to find a primer to help them over the hump before the training.

I found this book to he helpful to me, and have to test it on someone less familar with statistics.

What I liked about it is that it covered 90% of the topics I needed, ANOVA, multi-variate statistics, DOE, and non-parametrics are not included. It did provide a clear, concise description of the topics in a manner that should not lose non-mathematicans. It is not rigorous like a text book, but does a descent job of explaining things in lay language while attempting to bridge the gap between lay language and more correct useage.

My search was not exhustive, but I like this book, and I know it helped one co-worker understand the basics in her college stats course.

Where I found it a little weak is in describing the mathematical notations used (summation signs, etc.). It could have been a little stronger at translating the statistics in to practical useage in the real world. ... Read more

Book Description

Governmental and Nonprofit Accounting, Revised Sixth Edition provides a better balance between theory and practice than other texts, with the most up-to-date coverage. It provides readers with a thorough basis for understanding the logic for and nature of all of the funds and account groups of a government, with a unique approach that enables readers to grasp the entire accounting and reporting framework for a government before focusing on specific individual fund types and account groups.Includes coverage of the new reporting model standard: GASB Statement 34. Includes illustrations of government-wide financial statements and fund-based financial statements presented using the major fund approach. Points out the major changes required from the current guidance and explains and illustrates the requirements of the new model. Explains and illustrates the GASB Statement 31. Contains the latest revision of OMB Circular A-133 on single audits.Appropriate for undergraduate Accounting courses, such as Governmental Accounting, Public Sector accounting, Government and Nonprofit Accounting, and Fund Accounting. ... Read more

Reviews (5)

Found it to be quite informative
I am not sure why the other reviewers had problems with this book. I actually found it to be quite easy to read and understandble in its explanations of terminology. I work for a software company which sells a budgeting tool. Since realigning over to our public sector division, I decided to buy this book in order to hone my governmental accounting skills. My accounting degree certainly helped and this books assumes a minimal set of accounting skills. The problems were quite helpful in reinforcing the concepts.

Certainly not the book to use
In general, this is the worst accounting book I have EVER been forced to decipher (didn't like our cost accounting book either). At my school, and probably elsewhere, ,everybody seems to think Acct 405 (Financial Acct 2) is the "hard" course, but Fin Acct 2, at least to me, has NOTHING on trying to learn governmental accounting from using this awful book.

Dazed and Confused...
I am currently a Masters level student who is taking a Governmental Accounting course. I have found this text to be somewhat confusing. The chapters and the information are very detailed however, the study questions introduce new terms and are hard to follow. This makes for a complicated and frustrating process for anyone who has not had a previous accounting course. I understand that there are not many books out there on this topic. However, a study guide or even the assistance of a glossary and some consistency in phrasing questions to be similar to the text would help. If I can't understand what the question is asking how am I to know if I understand what I thought I just read. The lack of pictures and graphics does not bother me and the blue ink while hard to get used to is easier on my eyes. The Powerpoint presentations were also helpful.

An excellent textbook
I used this textbook the last time I taught GovernmentalAccounting. The book is an excellent introduction to state and local government accounting and reporting, federal government accounting, not-for-profit organizations (colleges, universities, health care organizations, etc.), and public sector auditing. The 20 chapters have numerous illustrations of financial statements and flow charts relating each of the different fund types within specific organizations. The illustrations are both academic (i.e., written by the authors) and actual (e.g., City of Des Moines, Iowa). Where appropriate, there are chapter glossaries. Governmental accounting is unlike corporate accounting, in that both actual and budgetary amounts are shown in the financial statements provided to the external reader. The authors explain this clearly. The authors use t-accounts to show the interrelationship of the accounts and the flow of funds between the accounts. There also useful references to the Governmental Accounting Standards Board...

The previous comment shows a typical response from an undergraduate, similar to what I have encountered on teaching evaluations in my different classes. A number of students believe that a course should be "interesting." That is, more entertaining. (See Peter Sacks's book, _Generation X Goes to College_.) If someone doesn't find governmental accounting interesting, don't major in accounting. It is not a requirement for any other undergraduate major at any school I know; indeed, few schools even teach the course. People should major in areas that they find interesting.

On the other hand, anyone who wants to understand the construction and analysis of statements which present the operations and financial position of government and non-profit entities will benefit from a careful reading of this book. I have used it for directed readings (only one student reading on his or her own) successfully for motivated graduate students.

The previous commentator faults the book for lack of color. For this material, color adds almost nothing to comprehension, slightly to clarity and greatly to the cost. The book already costs $100, because the governmental accounting textbook market, with numerous competitors in it, is only 3,000-4,000 classroom adoptions per year (compared with over 50,000 a year for Principles of Accounting).

My experience as an author suggests that adding color would raise the cost of the book to at least $140. Would the previous reviewer be willing to spend the money in the hopes it would be more interesting?

I recommend this book.

Worst Accounting Book Ever
I just finished a Governmental Accounting class that used this textbook. It is by far the worst book I have had in 4 years of college. The examples are horrible. There is no color. Most accounting authors try to make the material interesting. This is a book that will turn potential accounting majors away from the field. ... Read more

Book Description

Praise for Financial Modeling Using Excel and VBA

"Excel and VBA have vast capabilities, yet until this book, users were on their own to figure out just how to use these tools for both single and complex financial problems. Financial Modeling fills the gaps with practical guidance to modeling a wide range of finance problems."
–Tim Koller, Partner, McKinsey & Company, Inc.

Financial modeling is an essential skill for all financial professionals and students–and Excel and its built-in programming language, Visual Basic for Applications (VBA), are the preferred tools for the job. Financial Modeling Using Excel and VBA, designed for self-study, classroom use, and reference, presents a comprehensive approach to developing both simple and sophisticated financial models in all major areas of finance using both Excel and VBA.

The book assumes only basic knowledge of finance and Excel, and no previous knowledge of VBA. From that base, it teaches financial modeling, VBA, and advanced features of Excel using a unique, simple approach that is based on the author’s twenty years of experience in financial modeling in the business world and the classroom. The book reviews all the necessary financial theory and concepts, and walks you through a wide range of real-world financial models–over seventy-five of them–that you can imitate and use for practice as well. A companion CD-ROM includes several useful modeling tools and full working versions of all the models discussed in the book, so you can be more productive.

Financial modeling is finance in action. It is both challenging and rewarding. Financial Modeling Using Excel and VBA shows you how you can both enjoy the challenge and reap the rewards. ... Read more

Book Description

Market Models provides an authoritative and up-to-date treatment of the use of market data to develop models for financial analysis. Written by a leading figure in the field of financial data analysis, this book is the first of its kind to address the vital techniques required for model selection and development. Model developers are faced with many decisions, about the pricing, the data, the statistical methodology and the calibration and testing of the model prior to implementation. It is important to make the right choices and Carol Alexander's clear exposition provides valuable insights at every stage.

In each of the 13 Chapters, Market Models presents real world illustrations to motivate theoretical developments. The accompanying CD contains spreadsheets with data and programs; this enables the reader to implement and adapt many of the examples. The pricing of options using normal mixture density functions to model returns; the use of Monte Carlo simulation to calculate the VaR of an options portfolio; modifying the covariance VaR to allow for fat-tailed P&L distributions; the calculation of implied, EWMA and 'historic' volatilities; GARCH volatility term structure forecasting; principal components analysis; and many more are all included.

Market Models: A Guide to Financial Data Analysis is the ideal reference for all those involved in market risk measurement, quantitative trading and investment analysis.

... Read more

Reviews (14)

A financial Bible for both profesionals and researchers
Market Models is an essential tool for practioners who would like to gain fundamental expertise on financial modeling. Aside from the practical view, Alexander's book has got such a clear and comprehensive reading that even the most inexpert individuals can get enthusiastically involved in learning issues related to risk management, investment analysis and financial forecasting. Recent econometric techniques on time series are brilliantly applied with real examples on the finance field. The book demonstrates that the author has a great knowledge on both a theoretical as well as a practical basis on market modeling and knows how to combine the two aspects in a very intelligent way. I considered this book to be a fundamental reference for either financial profesionals and academics.

MARKET MODELS
As a Ph.D candidate in finance at the University of Quebec at Montreal (specializing in hedge funds), I believe that Market Models is the leading text in the area of financial data analysis. Professor Alexander is considered as the leader by many in this field. Her many years of experience on both sides of the Atlantic (over 10 years) in consulting on risk management and investment analysis with positions in highly respected banking firms has put together this little gem of a book (long awaited). Professor Alexander's emphasis is based on understanding concepts and implementing solutions. Her past books have been best sellers and are extensively used both in academia and by financial institutions. This book is the only one of its kind that deals with key techniques for selecting and developing models, while using the latest insights into the pricing and hedging of options. At the same time the book focuses on a linear algebraic approach as an important tool for the anlaysis of financial systems. The book nicely deals with traditional time series analysis and is explained using 1)cointegration to long short equity hedge funds and 2) high frequency data prediction using neural networks. This book is a must read for academics, risk management specialists, money managers, analysts and others looking for a clear presentation of the subject. Congratulations on a great text. Hope a second volume is on the way.

Worth the money
If you are looking for detailed rigorous mathematical development then look elsewhere, that is not the reason to purchase this book. It is targeted towards application and there it excels. I have not seen any other book on this topic that so effectively presents a level-headed applied approach that keeps the basic assumptions of the models firmly in sight.
What tool fits when is nicely discussed.

Nice book
I will consider this book as a good introduction to different ways to analyze market data (covering mainly equity but do touch on fixed income as well as currency). I would emphasize that the book model the market more from an empirical point of view. The author gives a good description of the GARCH model as well as PCA analysis. Being a fixed income derivatives trading, I find both sections particularly useful for real world trading. The risk modeling section should expand into topics other than VAR such as coherent risk measures which are more useful. The co-integration section is a must for any traders who want to trade mean-reversion or stats arbitrage.

Overall, I think that the book covers all basic to intermediate mathematics, econometrics and finance necessary for anyone who wants to model market data. The book explains how to use such model for trading, risk management as well as market data visualization / understanding.

A Lucid Essential Reference
Carol Alexander is a lucid writer and illustrator of financial models. It is a joy to find a book that is as well written as this with real-world examples. Professionals who need to refresh their model skills will make this their top book of choice. For modelers of credit derivatives needing good product descriptions, I highly recommend Tavakoli's book "Credit Derivatives and Synthetic Structures". ... Read more

Book Description

"I have always found Elliott Wave difficult to understand and more difficult to apply, but finally Steve Poser has written a book that makes sense and is born from real experience. This is not Elliott made easy but Elliott that makes sense. Hats off to Poser for creating the book the marketplace has needed for so long."
–Bruce M. Kamich, CMT
Adjunct Professor of Finance at Baruch College and Rutgers University
Past President of the Market Technicians Association

"Steve Poser is one of the few people I’ve met who can integrate Elliott Wave analysis into a normal conversation on the markets and make sense."
–Michael Kahn
Editor, Quick Takes Pro technical newsletter
Technical Analysis Columnist, Barron’s Online

Numerous books have tried to capture the essence of Elliott Wave theory, but they either made Elliott more complicated than it needed to be, or, in an effort to overcome the perceived complexity of analysis using Elliott, oversimplified the process.

In Applying Elliott Wave Theory Profitably, author and Elliott Wave expert Steven Poser takes a fresh approach to this proven trading strategy, giving you the most well-rounded and straightforward lesson on how to make money using Elliott Wave theory. Drawing from his many years of Elliott Wave experience, Poser:

• Explores how and why technical analysis works, and shows you where Elliott Wave theory fits into that picture
• Reveals each of the basic and advanced patterns that the market might trace out and discusses the market conditions that typically produce these patterns
• Outlines how to build an efficient trading plan
• Illustrates how to continuously update your plan in real time as the market provides you with further information by way of a constant stream of prices, volume, and news
• Examines how to review the market from multiple time frames, so you know what degree of price retracements to expect, as well as what your risks and rewards may be

Written in a clear, easy-to-understand manner, Applying Elliott Wave Theory Profitably is a thorough and essential resource for any trader looking to better understand a proven trading strategy and boost their bottom line. ... Read more

Reviews (8)

Understand the market for the first time
Before reading this book I was a struggling with the question of technical analysis vs fundamentals.I was losing money and I felt true fear for the unpredictable market.I am in forex and I just could not get it right.As soon as I could draw a trendline it was violated , I felt the prey of the market and I felt that I did not know where I was and where I was going.

By reading Mr Poser's book and learning the basic as well as the more advanced concept of elliott my whole trading life flashed in front of my eyes - how many times has technical analysis faltered me because of basic elliott patterns - I understood why technical analysis had failed me and how I could use elliott to fill the gaps and the shortcomings I had experienced . I can honestly say that this book and Mr Poser's approach as depicted in this book has turned me from struggling trader to an excelling trader.For novice to expert I would highly recommend this book ( If I were a dictator I would force it on the people )because by using this book you are unlocking the secrets of the market forever.

The way Mr Poser takes you through the trading plans and adds more and more evidence enables the average man to unlock his destiny and outperform many a portfolio manager!

Thanks Mr Poser for this book , it has had a huge effect on the destiny of my trading career as well enriching my whole life

After this book I know where I am in the market , why I am there in the market , where I am going in the market and believe it or not - even how long it will take me to get to where I am going in the market.A must read for every every trader.

Poorly edited, complicated, save your $$
The Author speaks only about himself, with this book you won't go anywhere, this book poorly written simply forget the reader, and makes Elliott 's waves even more difficult.
the best are "Prechter books".
Don't listen to the other reviews they must be made up.
Sorry.

A logical approach for discretionary traders...
Most of the literature on technical analysis focuses on easily compuerized techniques, such as moving averages, momentum divergences, volume/price comparisons, etc.

The authors of these books advocate a mechanical approach to technical analysis, and stress the benefits of objective rules to reduce emotional errors. These techniques have become quite sophisticated, from examining the effect of various money management algorithms, to using out of sample data to test the ability of the system to trade in different conditions.

I do not dispute that these techniques have substantial value for some traders. Yet, for all of this sophistication, I think most of this research is of limitted utility, for the simple reason that past performance has NO RELATION to future results. If a clearly definable system is discovered by a significant number of people, the markets inevitably change to render that system useless.

Then, once the system is deemed useless by the majority, it's likely they will turn profitable again.

Even system traders need to understand market psychology and logic in order to develop robust systems. This book will help them do it.

Mechanical systems neglect the underlying psychology of market participants. In an environment where the only constant is change, a successful trader needs an underlying philosophy to guide him on what is likely to lead to profits NOW, as opposed to what has happened before. This is where Mr. Poser's book comes in.

Poser teaches you that technical analysis is about understanding CURRENT market psychology. He does this through the framework of Elliott Wave theory. He also stresses the importance of other factors--including classical technical tools, computerized techniques, fundamentals, and intermarket relationships relate and enhance the interpretation of Elliot wave theory.

He describes how to develop detailed trading plans that take into account these various factors. As someone who focuses heavily on price patterns and momentum indicators, this is a method that I had sort of stumbled upon independently, as I have gained experience trading the markets.

It isn't mechanical, but it is clearly a logical and flexible framework for those up to the challenge of discretionarly trading.

a concise and practical guide to using elliot wave
this book is well written and laid out beautifully. the author first explaining what each chapter is about; he slowly guides you along on the subject at hand -- how to use elliot wave theory profitably.

he starts off by discussing how we should read the waves. the basics of each wave. these are discussed in a clear and concise manner.he constantly emphasises on the need to combine various factors like the economy, using indicators, reading crowd psychology etc, into reading the waves. the intersting thing about this author is that he is trying to teach how the reader should be 'street smart' in wall street...

the next few chapters would see the author sharing some of his analysis to show you how to apply elliot wave theory profitably. this so that you can see how to apply what you've just learnt.

in the final chapter, he tries his hands at doing some predictions using what he just wrote on the dow jones, the US$ and the nikkei.

i'm giving only 4 out of 5 stars because i find some discrepencies in chart references. a few charts are not labelled as the writer referred to. causing some minor confusions. however, the content and presentation of this book is excellent. the best book on eliiot wave i've read.

Best Elliott Wave book so far
Poser has put together a very good book. He shows you how to use Elliott Wave without turning it into some sort of mystical religion. He does not say that there are times that you cannot trade with Elliott, but he does tell you what to look for when the patterns start to get sloppy. He also shows you how to do your research (and turn it into a trading or investing strategy) and very importantly shows the link between market psychology and the wave patterns. The book also explains how to use Elliott along with technical indicators and classic chart patterns.

No book is perfect, and although Poser does give you detailed trading plans, and also presents some trading tips, I wish he would have made the tips a more consistent feature throughout the book. His clear writing style and clear depth of knowledge makes this an excellent choice for somebody who want to learn how to use Elliott Wave and why it actually works.

In the end, the book is aimed at showing you how to use Elliott to trade, which is why this book is a buy for anybody interested in learning how to use the Elliott Wave Principle in their trading. ... Read more

Book Description

International Financial Management, 7e combines a strong foundation in international finance theory with current, practical applications.It provides thorough, up-to-date treatment of cutting-edge international finance issues along with traditional treatment of international financial management. This book is known for its readability and clear explanation as well as its extensive use of hands-on, real world applications and student-oriented pedagogy. ... Read more

Reviews (2)

Excellent for International Business!
The book was one of the best books I used throughtout my career, it's good for economist, finance people, and anybody who is in the international field in general.

A good study guide
This is a good study guide accompanied to the hardcopy of thetextbook Each chapter begins with specific objectives and an chapteroutline. Then all the definitiional, true and false and MC questions with easy access answers are presented. Readers can therefore quickly identify topics that are unfamilar to them and refer to the textbook for going into details.

Good for both students and busy professionals. END ... Read more

Book Description

This expanded edition of Environmental Health and Safety Audits brings you up-to-date on changes in EPA and OSHA auditing policies, issues currently confronting auditing programs, and state-of-the-art strategies for managing and conducting audits. The author discusses new developments in information generation and availability, including new chapters on meeting ISO 14000 auditing guidelines, auditing dilemmas, and auditing tips, and new tools for building a successful audit program, including seven model program stages. ... Read more

Book Description

Comprehensively revised, Fundamental Accounting Principles uses the 2003 annual report of Krispy Kreme to help make accounting concepts and precepts both interesting and understandable. NetTutor provides you with live, personalized assistance via the Internet, while the accompanying Topic Tackler CD features video clips, slide shows, and more for two key topics within each chapter.

Book Description

Your own strengths, style, and personality­­and the steps found in this book­­can revitalize your trading program!

"Van's book gets directly to the heart of what it takes to be a successful trader. It's the best book I've read on trading successfully; not fluff or hype like so many others."­­Tom Basso, President, Trendstat Capital Management, Inc.

Reviews (86)

Groundbreaking Research in Layman's Terms
Dr. Van Tharp's excellent book "Trade Your Way to Financial Freedom" is truly a work of groundbreaking proportions. It is the single most important book I have ever read on the subject of trading sucessfully. Using a very organized and readable format, Dr. Tharp leads the reader step by step through the maze of myths about trading and arrives at the true meaning of the Holy Grail -- that the secret of success is inside you. Dr. Tharp serves as your personal guide, taking you safely through the treacherous terriroty surrounding information about trading systems. In the end we are much wiser for the experience, arriving at our destination stronger for having completed the journey. In short, we gain the wisdom that comes with knowing one's Self and become very clear on what works...and what doesn't. By interviewing thousands of successful traders during a 15 year period, Dr. Tharp was able to find out what was common in their individual systems of success. He then created a "model" of those variables, arriving at these basic truths: Low risk ideas combined with appropriate exit strategies and position sizing create the foundation for developing successful trading systems. Dr. Tharp shares his research with the reader, supporting his conclusions with rich examples. After finishing Tharp's book, even a layman has the tools to design a highly profitable trading system that contains all the strengths common to the best trading systems but also "fits" that particular trader's personality. This book transformed my experience of trading and allowed me to trade with the confidence that comes from knowing the truth about what works. Since implementing Dr. Tharp's strategies to my trading style, the results I have experienced are nothing short of miraculous. Quite frankly this is the first and last book you will ever need if you are serious about trading (or investing) your way to financial freedom. If you want to develop a highly profitable, low risk trading system that produces consistently strong returns, then read this book! All you need is an open mind and the courage to put some of Dr. Tharp's innovative research to the test. I promise you, if you read this book and apply Dr. Tharp's proven concepts, your trading will immediately improve and your bottom line will stay in the black. Without a doubt, Dr. Tharp's book is the best "investment" I have ever made. My return on this "position" is incalculable...

One of the best trading books I've ever read.
With all of the hoopla surrounding "trading" recently, it's interesting that many, if not most, would be traders don't know how to get started.

I should know. I'm a professional, full time trader and I'm constantly being asked,"John, how can I daytrade and make a living?" After reading Van Tharp's new book, I finally have a great answer to that question.

Sometimes I think I've read almost everything published on trading. Some are so basic they insult the reader, in their naïveté. Others are very advanced technical treatises. Van Tharp's book is refreshing. I found it a great read...a blend of the foundational concepts such as "fundamental analysis" with very advanced concepts including "expectancy"...a topic that very few traders understand at all.

Along the way, Tharp gets the reader involved by asking plenty of self-analysis type questions. Questions designed to immerse the reader in the complete process of trading. From understanding biases and success roadblocks...to designing and implementing a winning system...it's all here.

Whether you're brand new to trading, or a seasoned pro...there's plenty of material to dig into here. A lot of meat...very little fluff. I rate it five starts. Get it. Read it. Understand it.

And best of SKILL in your trading!

where's the success?
I bought and read it. So where's the success? I mean the author's success as trader? I pay to see his trading statements for the last 15 years. Got to be audited statements. I mean, he says he knows what the holy grail is, how it (the market) works, how one makes money at it (the market). So he's got to have broken it right? Trading that is. (!)

Or, are we talking about a DIFFERENT KIND of success???!! Success in selling the idea that he "knows" all there is know about making money at the markets? Terribly cinic in my opinion. People need to beleive in anything. Beleive Van. You are contributing to his bank account.

Not one SINGLE piece of evidence is available about his success (at trading the markets). The other success is well known.

Oh Aristotle, you were right! Not all those who attend the games (the olympics) are players. Some are cynics as you say and so many spectators (consumers) for both the cynics and the players.

A player!
(for 4 years)

So, I bought it, read it and returned it. But go ahead.

Great read - but superficial
This book introduces the reader to the importance of position sizes exit strategies , and risk management. These are all important aspects. However , inspite of the fact that the author repetedly mentions about the importance of position sizing , it is dealt with at a superficial level at best.
It looks like you have to pay additional money to go to Dr Tharp's site and buy his products , this book skims along the surface for what is supposed to be the main topic of the book

a joke
If the author knows it all why doesn't he trade? If I knew it all about trading I wouldn't do anything else and I certainly wouldn't teach it ...
Simplistic, aimed for the ignorant, hopeful reader. The concept exposed is very simple: the market is random. If you bet 1% you can't loose ... at the end of the year you win. I mean Van writes that even without a method you make money like this ... you got to be kidding me! ... Read more

Book Description

"All investors, from beginners to old hands, should gain from the use of this guide, as I have."
From the Introduction by Michael F. Price, president, Franklin Mutual Advisors, Inc.

Benjamin Graham has been called the most important investment thinker of the twentieth century. As a master investor, pioneering stock analyst, and mentor to investment superstars, he has no peer.

The volume you hold in your hands is Graham's timeless guide to interpreting and understanding financial statements. It has long been out of print, but now joins Graham's other masterpieces, The Intelligent Investor and Security Analysis, as the three priceless keys to understanding Graham and value investing.

The advice he offers in this book is as useful and prescient today as it was sixty years ago. As he writes in the preface, "if you have precise information as to a company's present financial position and its past earnings record, you are better equipped to gauge its future possibilities. And this is the essential function and value of security analysis."

Written just three years after his landmark Security Analysis, The Interpretation of Financial Statements gets to the heart of the master's ideas on value investing in astonishingly few pages. Readers will learn to analyze a company's balance sheets and income statements and arrive at a true understanding of its financial position and earnings record. Graham provides simple tests any reader can apply to determine the financial health and well-being of any company.

This volume is an exact text replica of the first edition of The Interpretation of Financial Statements, published by Harper & Brothers in 1937. Graham's original language has been restored, and readers can be assured that every idea and technique presented here appears exactly as Graham intended.

Highly practical and accessible, it is an essential guide for all business people--and makes the perfect companion volume to Graham's investment masterpiece The Intelligent Investor. ... Read more

Reviews (7)

A concise, yet quite exhaustive book on financial statements
This booklet is just over a hundred and twenty small pages, yet manages to deliver a brief but comprehensive overview on the various items figuring both on Balance Sheets and on Income Statements.

This book is typically Ben Graham. Short, concise, elegantly written, laid back, it boils down to essential considerations while, of course, nothing is taken for granted. A brief and pleasant overview on useful considerations when one is checking financial statements, except for the fact that there is no treatment of the nowadays standard Cash Flow Statement, which can be seen either as a default or as an advantage, considering that there is some sound treatment of the Balance Sheet cash positions and of the quality of earnings in view of certain depreciation and maintenance charges.

At the end, there is also an over thirty pages lexicon of financial terms and phrases which can be quite useful.

Why This Edition Instead of 3rd/4th Edition?
Why they republished this edition when they might have republished the Second or Third Revised Edition (by Graham and Charles McGolrick, published in 1964 and 1975, respectively) beats me. The latter two editions are unquestionably better,as both are more current, and contain more useful tips regarding contextual interpretation.

It's true that the primary value of Graham's text is its framework, which provides concision in summarizing a potentially confusing topic. This framework persists through all four editions. Also, it's true that all four editions are pretty dated (there is no discussion of cash flow statement interpretation in any edition obviously, for example, although Graham alludes to the significance of cashflow interpretation somewhat disparagingly in the latter editions).

But all of Graham's guidelines for balance sheet analysis are still current in the latter two editions, as are his brief guidelines for bond analysis and earnings power. The first edition seems less useful in these respects.

One might assume that there is value in going back to the first edition of this small volume as one might go back to the first edition of Security Analysis. There are indeed nuggets in the first edition of Security Analysis which have been mysteriously removed from later editions. But that isn't true with The Interpretation of Financial Statements. If you can get your hands on a copy of the 1964 or 1975 edition of this book, you will likely find either more useful than this original edition.

Valuable
For the novice or the professional - this short, concise book is worth it's price.

Ben Graham was the author of many books and the voice of sound advice, his principles are not dated even today.

This is my investing bible
Although corporate 10Q's have become more complex due to a lot of the offbalance sheet investments they do, e.g. Enron. If a company is honest and has value this book will help you find it. So the way I approach my investing I have to assume all companies are honest unless proven otherwise.

So much time is taken to explain diversification by many other books, but none gives you the practical expertise to make an informed decision. This book does. It is a handy reference that sits on my desk. I use it to review annual reports and to interpret online SEC filings just to make sure the companies I have invested in are actually healthy.

This book is small, but what I have found over the years is that smaller books are better. They leave out the fluff and all you get are the meat and potatoes of what you need to know.

If you take your time to understand the information presented and use it, you'll be teaching your broker a thing or two at the end of the day.

Very Worthwhile
Like gold, this small book provides a very high value. With interest in Graham and value investing growing, this small book provides a compact reference to the various parts of a balance sheet and income statement you will become very familiar with as you read his other books.

Fantastic reference on its own. . ... Read more

Book Description

THE BUSINESSWEEK, USA TODAY, AND WALL STREET JOURNAL BUSINESS BESTSELLER!

The bestselling guide to buying stocks, from the founder of Investor's Business Daily­­now completely revised and updated

When it was first published, How to Make Money in Stocks hit the investing world like a jolt, providing readers with the first in-depth explanation of William J. O'Neil's innovative CAN SLIM investing method. Five years later, O'Neil, founder for the industry icon Investor's Business Daily, revised his classic text and provided readers with a newer glimpse on how the average investor can make money in the equities market.

This third edition of How to Make Money in Stocks has been revised and updated with new chapters designed to help investors increase their performance. New discussions include:

• Greater clarification of the key CAN SLIM investment strategy
• Expanded analysis of the general market from the top of year 2000 to the market bottom of 2001
• New models of the greatest stock market winners that provide more basis for the ongoing effectiveness and superior performance of the CAN SLIM strategy
• Fresh stock charts featured in two colors for easier analysis of trends
• And an invaluable guide on how to maximize both Investor's Business Daily and www.investors.com to find winning stocks

Like his international bestselling 24 Essential Lessons for Investment Success, which stayed on international business bestseller lists for close to 6 months in 2000, How to Make Money in Stocks is the best reference for the individual investor in how to stay afloat and ahead in the rocky and volatile equities markets of the 21st century.

Reviews (158)

An excellent book for the beginner to moderate investor.
This is an excellent book for someone starting out in investing. It teaches you WJ O'Neil's CANSLIM method of picking stocks.

What's CANSLIM you ask? CANSLIM is a method of picking stocks developed by William J. O'Neil. He's taken his years of investing knowledge and developed a system of picking stocks that has repeatedly proven to be successful.

The book takes you through each part of this method from quarterly earnings through annual earnings, when to buy, trading volume, stock leaders, institutional support and market direction.

He also teaches you when to sell a stock even in a bad market. He'll show you how to cut your losses and why it's important to sell at the right time to prevent major losses on a stock.

Finally he takes you through some of the best stocks in recent history and shows you how to read the signs that they put out. This will teach you how to recognize today's stocks that are ready to burst from the pack and soar to new highs.

This book pushes WJ O'Neil's newspaper, Investor Business Daily, as it has much of the information needed to use the CANSLIM method. But even without his paper this book teaches you the methods needed to make money in the stock market.

All in all I think this is a great book for investors.

The Book I Started Trading With...
Ten years ago, this book probably launched tens of thousands of eager investors on a journey towards riches. Two years ago, it probably ruined thousands more. I'm not saying that O'Neil's methodology doesn't work. In fact, I have great respect for O'Neil and this book because it launched me on my journey into the markets just a few years ago. The only drawback is that this methodology works best in a bull market environment. When you hit a persistent bear market like we've seen for nearly 2 years now, you are basically sitting in cash spending endless hours looking for that perfect stock to break out of a long-term consolidation. If you don't have the time to search chart-after-chart every night for the perfect setup then you should try a great investment book I just heard about called the 401(k) MarketBuster. The 401(k) MarketBuster will probably find you the same, or better, account returns in the long-run that you'd find with intermediate-term trading; at a fraction of the research time (literally minutes a year). If you are like me and have the time and inclination to learn more about the markets so you can find that elusive "perfect" setup to trade (Lord help you), then you might want to take a look at Dave Landry's book on swing trading. It will offer you more opportunities more often.

The best you'll find.
This is the best system you'll find anywhere. I originally worked as a broker for a firm that followed the Bill O'Neil philosophy and that firm made $$ for their clients consistently. Now I follow this system and trade for my own accounts with even better results. My last stock, TASR, was up roughly 100% (much more on margin) in one month and I found this stock by using the fundamental & technical analysis that I've learned through Investors Business Daily along with dailygraphs (www.dailygraphs.com). His strategy of cutting losses quick and letting winners ride is necessary to preserve capital and maximize gains. AAII (American Association of Individual Investors) rated this as the best performing strategy over several years period.

sparse on some concepts, but relevant in bull markets
First, I would have to comment that the criticism about IBD as a normal newspaper is unfair. Its analysis and opinions are encapsulated in the numbers, systematically compiled for any common stocks worth considering as investments. Any individual investor would see that at one dollar, IBD is a bargain. "How to Make Money in Stocks" is the guide to understanding the ratings of IBD, as well as a clear introduction to O'Neill's investing philosophy. The prevailing market conditions are very important to the success of CANSLIM, and reviews of the book written in the depths of the 2000-2002 stock funk may be colored indeed.

I, too, had some questions about "pivot points," etc. that seem sparsely described. This is because you are supposed to look at the charts. If this isn't enough, look at more charts (the book has plenty). "Pivot points" and "accumulation" are not exact concepts, so one has to practice looking at the chart and acquire an understanding of these concepts. "How to Make Money in Stocks" is one of those rare books that relies on the graphical presentation of data as much as copy writing to communicate its sometimes fuzzy ideas.

This book is superb at describing the CANSLIM method on analysis, which can be done these days with free internet sources. An excellent description for novices of investing research.

My advice would be to pick up this book, read it, buy a copy of IBD, and keep track of ten or so stocks for 60 days or so. If the market goes up and these stocks don't, look for a better method. If you need more comforting words in the newspaper to guide your money decisions, drop this stuff and hire some investment professional.

Invest comfortably
I have been investing in the stock market since 1998. I've made my share and lost my share. However, it was always a chaotic affair. I wasn't investing based on anything solid, it was just going with the market. Besides who could lose in the 90's? Then came 2000 and 2001.
Lucky for me I ran into this book and let me tell you something, it has made me comfortable with the way I invest. I don't need to keep up with the market every minute and I don't stress as much. I also understand better how to read graphs and how to interpret market activities. A book well worth it.
It does mention the Investors Business Daily paper a lot because they publish it but it's a worthy paper also so I don't see anything wrong with that. ... Read more

Book Description

A one-stop resource for understanding current International Financial Reporting Standards

As the International Financial Reporting Standards Committee makes progress towards widespread acceptance and use of its standards and practices, the need to understand the new standards increases. Wiley IFRS 2005 provides the tools for understanding those standards and offers expertise on how to use and implement them. Features of this updated edition include new interpretive guidance, coverage of the most recent International Financial Reporting Standards, and more.

Barry J. Epstein, PhD, CPA, is a Partner at Russell Novak & Company, LLP, Chicago, Illinois.

Peter Walton, PhD, FCCA is a Professor of Accounting at The Open University Business School, U.K.

Abbas Ali Mirza, CPA, ACA, AICWA is a partner with Deloitte & Touche, based in the United Arab Emirates. ... Read more