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61. Financial Accounting: Reporting
$54.37 $46.42 list($79.95)
62. Enterprise Risk Management: From
$124.37 $45.25
63. Management Control Systems
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64. Profitable Candlestick Trading:
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65. Corporate Financial Accounting
$133.00 $65.80
66. Financial Management : Principles
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67. How to Make Money Selling Stocks
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68. The CRB Commodity Yearbook 2005
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69. The Millionaire Mind
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70. The Intelligent Investor: The
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71. Financial Risk Manager Handbook
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72. Analysis of Financial Time Series
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73. Concepts in Federal Taxation 2005
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75. Value Investing: From Graham to
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76. Pioneering Portfolio Management:
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77. Advanced modelling in finance
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78. Financial Modeling - 2nd Edition
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79. How to Create and Manage a Hedge
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80. Foundations of Financial Markets

61. Financial Accounting: Reporting and Analysis
by Earl Kay Stice, James Stice, Michael Diamond
list price: $129.95
our price: $129.95
(price subject to change: see help)
Asin: 0324149999
Catlog: Book (2001-12-28)
Publisher: South-Western College Pub
Sales Rank: 93802
Average Customer Review: 5 out of 5 stars
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Book Description

Financial Accounting 6e, is designed to prepare users to succeed as future business managers. The text demonstrates how financial statements are useful and interesting tools for diagnosing a companys problems or strengths, and for making loan, investment, acquisition, employment, and political decisions. The sixth edition interweaves analytical principles with real examples and real data from well-known companies. This text takes a business-activities approach to link accounting to what a business really doesoperating, investing and financing. The result provides students with the practical skills they need to understand complex business issues and make smart strategic decisions. ... Read more

Reviews (1)

5-0 out of 5 stars Very good initial approach to Financial Accounting
This is the textbook we were given for our Financial Accounting class in our MBA. So far, it's proven to be an excellent complement to the lectures, and even as a stand alone book, it contains enough information to guide you through the initial steps of financial statement generation and analysis. It definitely is very pricey, but it is a very good book. ... ... Read more


62. Enterprise Risk Management: From Incentives to Controls
by JamesLam, James Lam
list price: $79.95
our price: $54.37
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Asin: 0471430005
Catlog: Book (2003-05-16)
Publisher: Wiley
Sales Rank: 48933
Average Customer Review: 5 out of 5 stars
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Book Description

Praise for Enterprise Risk Management

"In the aftermath of Enron, WorldCom, and Sarbanes-Oxley, every publicly traded company should be concerned about risk management. This book takes a pragmatic approach to risk management that can benefit any CEO or senior executive. Lam lays out clear strategies to address what is often a highly complex issue."
–William L. Walton, Chairman and CEO, Allied Capital Corporation

"James Lam provides one of the most practical, insightful books on risk management that I have read in the last thirty years. It clearly reflects experience and deep understanding of the art as well as the science in risk management practices. A must-read for all who wish to advance risk management practices in their businesses."
–Sandra Jansky, Executive Vice President, Chief Credit Officer, SunTrust Banks, Inc.
Chairperson, Risk Management Association

"In this book, James Lam has provided an effective overview of business risk. Enterprise Risk Management will be useful to professional risk managers and business executives seeking to understand the latest tools and organizational approaches."
–Robert Simons, Charles M. Williams Professor of Business Administration,
Unit Head–Accounting & Control, Harvard Business School

"The most comprehensive and engaging handbook on enterprise risk management, written by the pioneer of the Chief Risk Officer function. Filled with practical examples and lessons learned, this book is destined to become one of the most widely read primers on today’s top business initiative. James Lam is the authority on enterprise risk management, and I highly recommend this book to all board directors, senior executives, and risk managers."
–Cassandra R. Schultz, Vice President and Chief Risk Officer, KeySpan Corporation

"James Lam’s book Enterprise Risk Management: From Incentives to Controls provides an insightful road map to best practices in risk management. Based on a solid and successful career in risk management, James’s advice is both timely and relevant and should be required reading for all risk management professionals."
–Michael J. Litwin, Chief Credit and Risk Officer, Merrill Lynch Capital ... Read more

Reviews (4)

5-0 out of 5 stars The book for ALL CROs and CFOs
Thank you for writing this book. This book is must read for all CROs and CFOs. Looking forward to reading your coming Risk Management books.

5-0 out of 5 stars Critical but Easy to Read and Comprehend
Anyone whose career interests intersect with the risk management discipline will find this book extremely valuable in understanding the risk management discipline and viewpoint. Anyone who is considering a career in risk management will find this book a critical help for success. James Lam writes in an easy to read style and the ease with which one can grasp and understand the material might fool one into under estimating the rigor and logic James has built into his work. I recommend this book without reservation.

Edward P. Paules, Managing Director Risk Management
Investors Bank & Trust
Boston, MA 02116

5-0 out of 5 stars ERM Made Practical and Executable
James Lam, the founder of ERisk and the pioneer for the chief risk officer concept has penned the best and most comprehensive book yet on enterprise risk management and how this emerging business practice can add practical, measurable value to any business concerned about how risks affect performance and stakeholder value.

For the first time, a true ERM expert has articulated in user friendly terms, what ERM is and how it can be applied to many different business types in many industries. This book makes clear that there is no one way to design and ERM model and that customizing it to the needs of the business will be the one way to optimize the outcomes desired.

The book is well organized and starts with a section on setting the "context" for delving into risk management; outlining the framework of a comprehensive approach; showing real world applications in various industry contexts; and closing with some prognostications on the future of the practice.

I highly recommend this book to all business managers who want to take risk management and their careers to the next level.

5-0 out of 5 stars Enterprise Risk Management: From Incentives to Controls
Excellent resource on Enterprise Risk Management.

The author draws upon his 20 years' rich real world experience to drive the subject to home. It offers valuable insight, which is rare to find elsewhere. This book is not only up to date and comprehensive, but also particularly practical.

As a risk analyst with more than 6 years experience, I highly recommend this book to those who are in this field and to those who have interests in this field. ... Read more


63. Management Control Systems
by Robert N Anthony, VijayGovindarajan, Robert Anthony, Vijay Govindarajan
list price: $124.37
our price: $124.37
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Asin: 0072819316
Catlog: Book (2003-06-27)
Publisher: McGraw-Hill/Irwin
Sales Rank: 88807
Average Customer Review: 5 out of 5 stars
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Book Description

MANAGEMENT CONTROL SYSTEMS 9/E builds on strengths from prior editions by offering a rich diversity of cases balanced with current material. In addition to course offerings of the same title as this text, the book is appropriate for advanced managerial accounting courses and/or MBA-level cost accounting courses with an emphasis on management control. The text is organized to develop insights and analytical skills related to how managers go about designing, and using planning and control systems to implement strategies. ... Read more

Reviews (3)

5-0 out of 5 stars This is what you need!
Great book. Clear and helpful. If you want to learn about control systems and business management control, this is the book you need.

5-0 out of 5 stars from Chile
Es un excelente texto de apoyo para la docencia. Tanto mis alumnos como yo lo hemos utilizado. Es importante el aporte de los autores con los casos de estudio que entregan en cada capitulo, que permite en tender y reforzar los conceptos vertidos en el mismo

5-0 out of 5 stars Excellent!
A straight-forward no-nonsense approach backed by the right mix of cases. Expensive but worth every penny. ... Read more


64. Profitable Candlestick Trading: Pinpointing Market Opportunities to Maximize Profits
by StephenBigalow, Stephen W. Bigalow
list price: $80.00
our price: $50.40
(price subject to change: see help)
Asin: 047102466X
Catlog: Book (2001-12-21)
Publisher: Wiley
Sales Rank: 18333
Average Customer Review: 4.24 out of 5 stars
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Book Description

Profitable Candlestick Trading

Pinpointing Market Opportunities to Maximize Profit

Misunderstood by investors for years, Japanese Candlestick charting and analysis has been described as too complicated to learn and too labor-intensive. Now, Candlestick trading expert Stephen Bigalow dispels these notions and demystifies the process of this valuable and successful technical analysis tool in Profitable Candlestick Trading: Pinpointing Market Opportunities to Maximize Profit.

In accessible and easy-to-understand language, this book bridges the gap between past wisdom and contemporary practice to give any level of investor a complete understanding of this proven, profitable, and time-tested investing technique.

"A superb exposition of Japanese Candlesticks: the oldest method of technical analysis developed more than 400 years ago. The book offers a thorough review and evaluation of this increasingly popular method of market analysis. A great source of information both for an experienced trader and a novice in this field."
–Vincent Kaminski
Managing Director, Enron Corp. ... Read more

Reviews (17)

5-0 out of 5 stars Best Practical Candlestick Book
This book is the third Candlestick book that I have read cover to cover. The previous two were Steve Nison's two Candlestick books. While Nison's books were excellent and extremely easy to understand, this book concentrates on strategy for making money and gives more trading insights. I have been making money even in this bear market using the trading signals described in the book.

The system is simple...use stochastics to confirm candle signals to ensure that you always buy oversold stocks and sell short oversold stocks. If you are a disciplined trader and wait for confirmation of the signals you can be profitable more than 75% of the time and your losses from your losing trades will be minimal if you keep tight stops - A must in these market conditions.

There is a huge amount of overlap in Nison's and this book but I would still recommend all three as there is always some different points in each.

5-0 out of 5 stars Top Trading Book
I have read at least 150 trading books in the last 5 years, jumping from one idea to another, looking for a plan I can feel comfortable with for short-term trading. Stephen Bigalow's book is at the top of my list. Steve supplies excellent descriptions and examples of the major and minor candlestick signals as well as a psychological explanation of them. In addition, this book, unlike other candlestick books I have read, provides a complete trading method for short, intermediate, or long-term traders/investors including money management techniques. A method (unique in my experience)for dealing with the trader's emotions is also described. The book makes candlestick charting understandable for both novice and experienced individuals. I believe the book provides a very readable and useful guide to profiting from the market.

4-0 out of 5 stars Buy it for a lower price
If your commited to learning and using candlesticks in your trading this book is not as detailed as nisons book Japanese Candlestick Charting but is sufficient. The illustrations are good and the book is right to the point without alot of useless talk. Its a bit pricey as is nison`s book so i give it a 4.

1-0 out of 5 stars Copycat Material
Another candlestick book that gets almost all of its material from Steve Nison's candlestick books.

Mr. Bigalow has taken Mr.Nison's work and ideas (Mr. Nison was the first to reveal candlesticks to the West) without so much as acknowledging this. This book just adds another indicator to the candlesticks without much new insight.

Mr.Nison's books are considered THE bibles of candlesticks. My feeling is if you are going to by a book on candlesticks, why not go to the master?

5-0 out of 5 stars Better than others
Nisson wrote 3 books. all the same with different titles with a lot of useless talk. Anyway you would find many better candlesatick web pages if you want to save money like StockCharts.com. While these books and that web displays the main ones. There is actually hundreds of them and hundreds of web sites about them.
I bought this book to see trading strategy confirming Elliot waves with candle sticks pattern.. You could also use Key reversal. Open-Close reversal, Hook reversal, closing price reversals,pivotpoint and islands reversals only found at incrediblecharts.com. Tony Carbel book is out of print. Another sort term reversal/continuation pattern is gaps. Nisson thinks he invented candle sticks. I don't suggest ebook download with activation problem in Acrobat 6 web site. If it doesn't work, you don't get your money back. ... Read more


65. Corporate Financial Accounting (Corporate Financial Accounting)
by Carl S. Warren, James M. Reeve, Philip E. Fess
list price: $108.95
our price: $108.95
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Asin: 0324188048
Catlog: Book (2004-02-04)
Publisher: South-Western College Pub
Sales Rank: 61486
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Book Description

Like the most successful businesses, this text successfully integrates innovation with tradition by showing how the preparation of financial accounting information is useful. CORPORATE FINANCIAL ACCOUNTING uses the preparation of financial statements as the framework for understanding what accounting is all about. ... Read more


66. Financial Management : Principles and Applications (10th Edition)
by Arthur J. Keown, John D. Martin, John W. Petty, David F. Scott
list price: $133.00
our price: $133.00
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Asin: 0131450654
Catlog: Book (2004-03-22)
Publisher: Prentice Hall
Sales Rank: 36273
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Book Description

With its exciting introduction of the Harley-Davidson focus company theme, this book continues to provide a solid, enduring foundation of the tools of modern theory while at the same time developing the logic behind their use. The “10 Principles of Finance” (formerly “Axioms”) provide the framework, or “the big picture” of finance, which ties the major concepts of the book together.A six-part organization covers the scope and environment of financial management, valuation of financial assets, investment in long-term assets, capital structure and dividend policy, working-capital management, and special topics in finance, and special topics in finance.For an enduring understanding of the basic tools and fundamental principles upon which finance is based. ... Read more


67. How to Make Money Selling Stocks Short
by William J.O'Neil, Gil Morales
list price: $19.95
our price: $13.57
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Asin: 0471710490
Catlog: Book (2004-12-03)
Publisher: Wiley
Sales Rank: 8186
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Book Description

There are two sides to everything, except the stock market. In the stock market there is only one side—the right side. In certain market conditions, selling short can put you on the right side, but it takes real knowledge and market know-how as well as a lot of courage to assume a short position.

The mechanics of short selling are relatively simple, yet virtually no one, including most professionals, knows how to sell short correctly. In How to Make Money Selling Stocks Short, William J. O'Neil offers you the information needed to pursue an effective short selling strategy, and shows you—with detailed, annotated charts—how to make the moves that will ultimately take you in the right direction.

From learning how to set price limits to timing your short sales, the simple and timeless advice found within these pages will keep you focused on the task at hand and let you trade with the utmost confidence. ... Read more


68. The CRB Commodity Yearbook 2005 + CD (Crb Commodity Yearbook)
by Commodity Research Bureau Inc.
list price: $200.00
our price: $126.00
(price subject to change: see help)
Asin: 0471707686
Catlog: Book (2005-04-22)
Publisher: Wiley
Sales Rank: 15207
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Book Description

Dubbed the "bible" by market analysts and traders since 1939, The CRB Commodity Yearbook provides indispensable information on over 100 domestic and international commodities. The Yearbook includes seasonal patterns and historical data, pricing and trading patterns on a monthly and annual basis, and more than 1,000 charts, tables, and graphs covering production/consumption, supply and demand patterns, and trading highlights. Gathered from government reports, private industry, and trade and industry associations, the data is compiled by the Commodity Research Bureau for this indispensible report.

Youll find:

  • Worldwide supply/demand and production/consumption data for all the basic commodities and futures markets -- from A(luminum) to Z(inc), including all the major markets in interest rates, currencies, energy, and stock index futures.
  • Over 900 tables, graphs, and price charts of historical data, many of which show price history dating back to 1900.
  • A fact-filled CD-ROM featuring valuable commodity information in an easy-to-use electronic format.
  • Concise introductory articles that describe the salient features of each commodity and help put the quantitative information in perspective.
  • Articles by prominent professionals on key markets and important issues, including several by CRB Chief Economist, Richard W. Asplund: “Major Commodity Bull Market Continues in 2004," "U.S. Economy in 2004 Shows Strong Growth," "World Economy in 2004 Shows Improvement," and "China Continues to Drive Global Commodity Prices."
Order your copy today! ... Read more

69. The Millionaire Mind
list price: $26.95
our price: $26.95
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Asin: 0740703579
Catlog: Book (2000-01-01)
Publisher: Andrews McMeel Publishing
Sales Rank: 24768
Average Customer Review: 3.56 out of 5 stars
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Amazon.com

What do you do after you've written the No. 1 bestseller The Millionaire Next Door? Survey 1,371 more millionaires and write The Millionaire Mind. Dr. Stanley's extremely timely tome is a mixture of entertaining elements. It resembles Regis Philbin's hit show (and CD-ROM game) Who Wants to Be a Millionaire, only you have to pose real-life questions, instead of quizzing about trivia. Are you a gambling, divorce-prone, conspicuously consuming "Income-Statement Affluent" Jacuzzi fool soon to be parted from his or her money, or a frugal, loyal, resole your shoes and buy your own groceries type like one of Stanley's "Balance-Sheet Affluent" millionaires? "Cheap dates," millionaires are 4.9 times likelier to play with their grandkids than shop at Brooks Brothers. "If you asked the average American what it takes to be a millionaire," he writes, "they'd probably cite a number of predictable factors: inheritance, luck, stock market investments.... Topping his list would be a high IQ, high SAT scores and gradepoint average, along with attendance at a top college." No way, says Stanley, backing it up with data he compiled with help from the University of Georgia and Harvard geodemographer Jon Robbin. Robbin may wish he'd majored in socializing at L.S.U., instead, because the numbers show the average millionaire had a lowly 2.92 GPA, SAT scores between 1100 and 1190, and teachers who told them they were mediocre students but personable people. "Discipline 101 and Tenacity 102" made them rich. Stanley got straight C's in English and writing, but he had money-minded drive. He urges you to pattern your life according to Yale professor Robert Sternberg's Successful Intelligence, because Stanley's statistics bear out Sternberg's theories on what makes minds succeed--and it ain't IQ.

Besides offering insights into millionaires' pinchpenny ways, pleasing quips ("big brain, no bucks"), and 46 statistical charts with catchy titles, Stanley's book booms with human-potential pep talk and bristles with anecdotes--for example, about a bus driver who made $3 million, a doctor (reporting that his training gave him zero people skills) who lost $1.5 million, and a loser scholar in the bottom 10 percent on six GRE tests who grew up to be Martin Luther King Jr. Read it and you'll feel like a million bucks. --Tim Appelo ... Read more

Reviews (148)

5-0 out of 5 stars The Millionaire Mind - Must Read for College Students
Thomas J. Stanley's The Millionaire Mind (Andrews McMeel Publishing) is a must read for anyone interested in achieving financial independence and/or who is fascinated with how the wealthy achieve success. This book should be required reading for college students. It is filled with practical advice not just about how to protect one's future financially but also about setting priorities, and I don't mean just getting rich. The Millionaire Mind covers everything from choosing spouses to raising children to buying homes. It is loaded with common sense and practical advice.

Achieving great wealth was never my highest priority in life, but I am convinced that if I had read The Millionaire Mind when I was younger, I could have joined the millionaire club. More importantly, like most of the millionaires Stanley surveyed, I could have done so without sacrificing any values, principles, my character, or time with my family. The Millionaire Mind is as much a statement of a philosophy of life as it is a guide to great wealth. Its tone is very positive and reinforcing.

The Millionaire Mind dispels several popular myths about wealthy people--that they made their money the old fashioned way by inheriting a bundle, that they graduated from the finest colleges and universities, and that they blew the lid off of SATs and grade point averages. Most of the 733 millionaires Dr. Stanley studied did not fit any of these characteristics. When asked what factors were most important to their success, the top five rated items (out of 30) were #1 being honest with all people, #1(tie) being well disciplined, #3 getting along with people, #4 having a supportive spouse, and #5 working harder than most people. "Graduating near/at the top of my class" was ranked 30th. This list, better than anything else in the book, is a confirmation that character and commitment count and that measures of achievement need to be broadened.

How encouraging it is to read a book that says that the American dream still exists, that individuals can overcome inadequacies, disappointments, failures, and seemingly insurmountable odds to achieve success and happiness in life. And it can be done ethically, legally, and in one generation, during one's lifetime, as many of Stanley's millionaires have proven. Stanley and his millionaires are telling us to count our blessings, play to our strengths, believe in ourselves, not let our critics get us down, and take personal responsibility for our lives. His millionaires have been married to the same spouse for an average of 28 years. The majority live modestly for their means, spend considerable time their families, and don't flaunt their wealth. What a potent message this book delivers.

I will make sure each of my children gets a copy of The Millionaire Mind and recommend it highly to my classes at The University of Georgia.

Dr. Fred Stephenson Associate Professor of Distribution Terry College of Business The University of Georgia March 12, 2000

5-0 out of 5 stars Finally, a Tribute to the "Leisure Class"
Ever since Thorstein Veblen wrote "The Theory of the Leisure Class," the critics of capitalism (including politicians and Hollywood producers)have delighted in bashing the rich for their "conspicuous consumption," prospensity to divorce and find trophy wives, engage in white-collar crime, and avoid paying their "fair share" in taxes.

Now along comes the exhaustive work of Professor Tom Stanley, concluding that the millionaire wealthy class is in reality the model citizen! 92% are married and have been with their first wife for an average 28 years; they live well below their means; 40% have paid off their mortgage; few inherited wealth; over 90% are college graduates; most are not in the top of their class, but average "B" or "C" students; they avoid the lottery and gambling, and enjoy spending most of their time with their family or playing a game of golf with friends; 37% are deeply religious people who attend church regularly; integrity in business is their # priority, and they pay most of the income taxes in this country!

It's great to finally read a book defending the wealthy and the truly successful in this country.

My only gripe: The book has no index!

5-0 out of 5 stars A look into the millionaire mind
Who wants to b ecome a millionaire? No, this is not a plug to watch reruns of Regis Philipins tv show or a get rich scheme or a suggestion to buy a lottery ticket. Rather, it is an opportunity to look inside the minds of America's wealthy--real true blood millionaires.

You will find some things that you don't want to hear like the richest of the group are no physicians, lawyers or executives but business owners. You will also be surprised to find that the wealthiest of the group do not own new home The majority own homes that are over 10 years old.

This book may not tell you what you want to hear, but it will tell you what you need to hear, if you want to seriously become a millionaire and if you want to know how the millionaires became millionaires.

Great book. Even better than The Millionaire Next Door in my opinion.

3-0 out of 5 stars Are you allowed to do this?
Hmm....I guess you can technically take the same material, rearrange it and then publish it with another title if you really want to but I kind of thought that was looked down upon in the literary world! This is a 10 star book only they wrote it already and it was titled The Millionaire Next Door. This is literally and I mean LITERALLY the same exact book only rewritten, rearranged, retitled and republished. It really doesn't matter which of the books you read. Either will do. Both are 10 stars on their own but I gave it 3 because all in all I thought it was rather rude to scam people out of their money by selling the same exact book under a different title all in the name of some dough! But then again maybe they were millionaire minded, saw an easy way to make some more bucks and went for it!

5-0 out of 5 stars Business owners top the list. Surprised?
It came as no surprise to me that business owners came out on top of the list in this book profiling the millionaire mind. I have always contended that the only way to become a success is to be in business for yourself. Employees always end up short.

Some of the top qualities were hard work, discipline, social skills, integrity and discipline.

Millionaire Mind is an excellent book to be read along with The Millionaire Next Door. ... Read more


70. The Intelligent Investor: The Definitive Book On Value Investing, Revised Edition
by Benjamin Graham, Jason Zweig
list price: $19.95
our price: $13.96
(price subject to change: see help)
Asin: 0060555661
Catlog: Book (2003-07-01)
Publisher: HarperBusiness
Sales Rank: 586
Average Customer Review: 4.23 out of 5 stars
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Amazon.com

Among the library of investment books promising no-fail strategies for riches, Benjamin Graham's classic, The Intelligent Investor, offers no guarantees or gimmicks but overflows with the wisdom at the core of all good portfolio management.

The hallmark of Graham's philosophy is not profit maximization but loss minimization. In this respect, The Intelligent Investor is a book for true investors, not speculators or day traders. He provides, "in a form suitable for the laymen, guidance in adoption and execution of an investment policy" (1). This policy is inherently for the longer term and requires a commitment of effort. Where the speculator follows market trends, the investor uses discipline, research, and his analytical ability to make unpopular but sound investments in bargains relative to current asset value. Graham coaches the investor to develop a rational plan for buying stocks and bonds, and he argues that this plan must be a bulwark against emotional behavior that will always be tempting during abrupt bull and bear markets.

Since it was first published in 1949, Graham's investment guide has sold over a million copies and has been praised by such luminaries as Warren E. Buffet as "the best book on investing every written." These accolades are well deserved. In its new form--with commentary on each chapter and extensive footnotes prepared by senior Money editor, Jason Zweig--the classic is now updated in light of changes in investment vehicles and market activities since 1972. What remains is a better book. Graham's sage advice, analytical guides, and cautionary tales are still valid for the contemporary investor, and Zweig's commentaries demonstrate the relevance of Graham's principles in light of 1990s and early twenty-first century market trends. --Patrick O'Kelley ... Read more

Reviews (22)

3-0 out of 5 stars Tired
Although I am mostly a value investor, this has never been my favorite book. The old 1973 edition which this replaces was dated and the examples were hard to relate to today's market. Even the previous editions were not ones I particularly enjoyed. Quite frankly, the book was and is boring. Also many of the investment ideas in the book simply do not work in today's market. For example, I agree with Niederhoffer that buying companies for less that Net Current Assets is ridiculous in general. Most who claim to be successful at this are simply liars. This technique worked for a short time following and during the great depression. But that was basically it. The idea of approaching one's investments as a business is old hat now but for those not familiar with the concept this book may be worthwhile although whether it is worth buying the book for this tidbit is debatable. The Buffettology books do this just as well and are more up to date. Despite the laughter and venom directed against these books they are useful modern investment books which the budding value investor would do well to read. This update does use more modern examples but with the rise of the internet this type of information is just not as rarely available as it once was. I just wonder how many more "revisions" this book can stand before it becomes like Graham's Security Analysis. Keep in mind this is a new edition of a book by a man who has been dead for years ( and not the first one at that). The modern investor would probably be better off learning something about valuation and applying that to determine if companies are undervalued. The primitive methods in Graham are not particularly useful today and do not reflect the methods of today's successful value investor.

5-0 out of 5 stars Too bad real estate was not also in Benjamin Graham's field
If you have only time to read one book on investing, this classic should probably be it. But if you recently have read some of the popular get-rich-quick books, "The Intelligent Investor" is a necessary and powerful antidote.

The author has an extremely realistic view of the investment world. He sees the real risk where speculators may imagine there are instant riches. For Benjamin Graham, safety of capital comes first. But at the same time, he makes it clear that safety is not guaranteed, even if you do have a properly selected and well balanced portfolio of stocks and bonds.

On page 25, Mr. Graham warns the reader that: "There is no certainty that a stock component will insure adequately against 'large-inflation' but it should carry more protection than the bond component." The author does recognize that: "The outright ownership of real estate has long been considered as a sound long-term investment, carrying with it a goodly amount of protection against inflation." With this statement, he seems to recognize that inclusion of real estate could make an investment portfolio stronger. But he does not analyze real estate extensively as an investment in his book because he says that it is not his field.

Too bad he did not broaden his scope and also become an expert in real estate. If income-producing real estate had been looked at as thoroughly as stocks and bonds in "The Intelligent Investor," I believe many readers, with most of their equity in real estate, would be calling Amazon.com about giving this book a sixth star.

2-0 out of 5 stars Classic book, but annoying commentaries
I was deciding between getting this edition or the more expensive hardbound edition (which does not contain the Jason Zweig commentaries). I naturally thought, why not go for the cheaper one and get the commentary for free? After all, I could just ignore the commentary if it doesn't help.

Bad bad choice. It was like choosing between a Beethoven CD and the same CD but with free shrieking commentary by a Damon Wayans movie character during and in between each symphony.

Zweig's writing when inserted between Graham's is like the annoying paperclip in MS Office, except there is no way to turn it off. He's in the footnotes (virtually every page!), he's in between every chapter. Open the book at a random page, and most likely you'll open it to a Zweig page.

The content and style of his writing feels condescending and contrasts so much with Graham's. When reading Graham you have elegant timeless prose by a humble, wise man who makes you feel he is sincerely interested in your well-being. By contrast, Zweig feels like someone who wants to impress you with his word plays, and puns. He really should have attempted to recede into the background and limited his voice.

I would recommend everyone to just buy the hardcover edition.

Buy Graham only. If you cannot read Graham, Zweig will only help marginally, and you still need to verify his comments against other contemporary Graham commentators. Get another book. If you *can* read Graham, then you do not need the commentaries in this book. Any questions you may have can be answered in thousands of sites on the net.

5-0 out of 5 stars one of, if not the best, equity investment book
this is buffets' bible for good reason.

the book's central concept, the margin of safety, is reinforced time and again w/ supporting ratios and working examples, both from the 60-70s and from zweig's excellent supplements (an extremely valuable supplement to the original text, if for no other reason than to show that graham's teachings are timeless). while occasionally ratios will appear dated and no longer relevant (i.e. book value's importance has declined w/ the transition of the US eq mkt to increasing intellectual capital in a company's mkt cap), its discipline, focus and litmus tests (i.e. bond yields vs E/P ratios) still remain valid.

for the individual investor, there simply is no better book.

5-0 out of 5 stars A classic!
This is an excellent text for anyone who wants to learn about investing. Strongly recommended! ... Read more


71. Financial Risk Manager Handbook (Wiley Finance)
by PhilippeJorion, GARP
list price: $170.00
our price: $108.80
(price subject to change: see help)
Asin: 0471706299
Catlog: Book (2005-04-22)
Publisher: Wiley
Sales Rank: 15742
Average Customer Review: 1.0 out of 5 stars
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Book Description

An essential guide to financial risk management and the best way to ace the GARP FRM(r) Exam
The Financial Risk Management Exam (FRM Exam) is given by the Global Association of Risk Professionals (GARP) annually in November for risk professionals who want to earn FRM certification. Written with the full support of GARP and providing questions and solutions from previous exams, this is the definitive guide for those preparing to take the FRM Exam as well as a valued working reference for risk professionals.
Phillipe Jorion, PhD, MBA (Irvine, CA), is a Professor of Finance at the Graduate School of Management at UC Irvine. The Global Association of Risk Professionals (GARP) oversees the FRM(r) Certification Program and is the leading association for risk professionals, with over 38,000 members worldwide.
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Reviews (1)

1-0 out of 5 stars Not required for the FRM
Warning: This book is not an official publication of GARP. It is not required reading for the FRM exam. If you had the impression that it was these things, blame marketing.

In years past, GARP did officially endorse the book. This had two unfortunate consequences. First, the publisher and author could charge an exorbitant price -- $150 for a paperback. Second, they didn't focus a whole lot on quality. People had to buy it! The book reads like warmed over lecture notes. It is disjointed, vague, incomplete and sprinkled with errors. It is probably the one aspect of the FRM exam that people complained most about. Eventually GARP distanced itself from the venture. People were a bit surprised when this third edition came out. I guess students will mistakenly think they are required to buy it.

If you are studying for the FRM exam, the only thing you need to buy is the CD of readings. There are numerous books, articles and websites you can read for supplementary material. Many of these are outstanding. If you have been involved with risk management for a few years, you already know what they are. This book covers the same ground as the CD. If it were reasonably priced, if it were well written, it might also be a nice supplement. It isn't.
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72. Analysis of Financial Time Series
by Ruey S.Tsay, Ruey S. Tsay
list price: $105.00
our price: $95.55
(price subject to change: see help)
Asin: 0471415448
Catlog: Book (2001-10-15)
Publisher: Wiley-Interscience
Sales Rank: 45045
Average Customer Review: 4.33 out of 5 stars
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Book Description

Fundamental topics and new methods in time series analysis
Analysis of Financial Time Series provides a comprehensive and systematic introduction to financial econometric models and their application to modeling and prediction of financial time series data. It utilizes real-world examples and real financial data throughout the book to apply the models and methods described.
The author begins with basic characteristics of financial time series data before covering three main topics: analysis and application of univariate financial time series; the return series of multiple assets; and Bayesian inference in finance methods. Timely topics and recent results include:
* Value at Risk (VaR)
* High-frequency financial data analysis
* Markov Chain Monte Carlo (MCMC) methods
* Derivative pricing using jump diffusion with closed-form formulas
* VaR calculation using extreme value theory based on a non-homogeneous two-dimensional Poisson process
* Multivariate volatility models with time-varying correlations
Ideal as a fundamental introduction to time series for MBA students or as a reference for researchers and practitioners in business and finance, Analysis of Financial Time Series offers an in-depth and up-to-date account of these vital methods.
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Reviews (3)

5-0 out of 5 stars Analysis of Financial Time Series
This book is awesome. It starts with bedrock concepts needed for analysis of financial data and it takes the student up to the most recent and important techniques used in the industry today. However, if one expects to fully utilize this text, one should have at least one semester of applied econometrics or some equivalent course in statistics and continuous probability, although it will be practical to study the two topics concurrently.

4-0 out of 5 stars A very practical book
This is not a reference book, and it's not about "big" theory either. It's pretty practical, and good for self study. You should have access to some econometric/statistical software (i.e. EViews, S-Plus, etc.) to fully understand this book.

4-0 out of 5 stars Petition: please provide table of contents!
I want to see the table of contents of this book. How can the author and the publisher expect people to buy this book without providing the table of the contents?... ... Read more


73. Concepts in Federal Taxation 2005 (Concepts in Federal Taxation)
by Kevin E. Murphy, Mark Higgins
list price: $125.95
our price: $125.95
(price subject to change: see help)
Asin: 0324223447
Catlog: Book (2004-04-13)
Publisher: South-Western College/West
Sales Rank: 310631
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Book Description

Concepts in Federal Taxation is designed for a more conceptual, less detailed approach to federal taxation of individuals and corporations in an introductory taxation course. This conceptual approach presents taxation as a small number of unifying concepts, stressing the overriding principles that apply to all specific tax rules and regulations. Concepts in Federal Taxation offers an excellent balance between tax concepts and the Internal Revenue Code and regulations, preparing users for a future in the business environment. ... Read more


74. Guerrilla Marketing : Secrets for Making Big Profits from Your Small Business (Guerrilla Marketing)
by Jay Conrad Levinson
list price: $15.00
our price: $10.20
(price subject to change: see help)
Asin: 0395906253
Catlog: Book (1998-10-21)
Publisher: Houghton Mifflin
Sales Rank: 2275
Average Customer Review: 4.5 out of 5 stars
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Book Description

When Guerrilla Marketing was first published in 1983, Jay Levinson revolutionalized marketing strategies for the small-business owner with his take-no-prisoners approach to finding clients. Filled with hundreds of solid ideas that really work, Levinson's philosophy has given birth to a new way of learning about market share and how to gain it. In this completely revised and expanded third edition, Levinson offers a new arsenal of weaponry for small-business success in the next century. Filled with strategies for marketing on the Internet (explaining when and precisely how to use it), tips for putting other new technologies to work, programs for targeting prospects and cultivating repeat and referral business, and management lessons in the age of telecommuting and freelance employees, this book will be the entrepreneur's marketing bible in the twenty-first century. ... Read more

Reviews (22)

5-0 out of 5 stars A Top Reference for Any Business Owner
This book is a great reference for any business owner seeking to really make the most out of their marketing budget. I used the data in this book and actually made miracles happen with it. The average industry expectations on marketing dollars is 5X the return invested. By applying the principles, strategies and bright ideas I learned in this book I managed to make a 12X return for every dollar invested, and that means a whole lot when you are a small business with not an unlimited budget! This book is very basic and useful, and the data Levinson provides is incredible. I learned so much about the actual nuts and bolts of the marketing industry with this text. It's brilliant, creative and imaginative. Expect to keep a pen and paper handy when you start to have all those bright ideas go off like church bells as you read. If you take this information and apply it to your business or activity, you can save yourself a great deal of experimentation and start out with the rocketing results first off.

5-0 out of 5 stars A must for Small Business owners and marketers.
With thousands of books written on marketing and its implementation for all business sizes, this book has created a unique brand name for itself with a series of books all aimed at a particular type of marketing - Guerrilla Marketing. As its name implies, these books are aimed at achieving significant results through non-traditional marketing avenues that have now become fairly established and are probably not Guerrilla tactics anymore (in the strictest sense of the word).

This book though originally written in the 1980s has been updated in late 1990s and the update has been driven by the feedback received over 15 years. If you are a small business owner or someone responsible for the marketing division of a small business, you may not have that much money available to run your marketing campaigns professionally and using more traditional channels. Therein lies the appeal to this book that assumes that your only resources are time, energy, and imagination.

The book is split into 5 sections - the first section is an introduction to the whole Guerrilla Marketing process all the way from its definition to the thirteen most important marketing secrets and how to develop a Guerrilla Marketing plan.

The second section focuses on mini-media marketing which is nothing but the various marketing approaches you can use - canvassing, personal letters, telemarketing (don't be discouraged as the author explains how to do this right and not annoy people), brochures, etc.

The third section is about maxi-media marketing which means all the marketing techniques that cost money. But the author has a compelling argument that it is worthwhile if you can benefit from it financially. Newspapers, magazine advertising, radio, television, etc. are addressed one after the other with detailed explanations of what to do and what not to do.

The fourth section is nonmedia marketing - free seminars, trade shows, etc. and follows a similar approach of what to do and what to avoid. The author also recommends combining these three types of marketing in a fashion that works for your particular situation.

The final section is on actually launching your Guerrilla Marketing attack and how to win!

Even large organizations have listened to the author and have started experimenting and successfully implementing Guerrilla Marketing strategies.

A marvelous book that convinced me to get a few of the other books in the series with interesting titles like 'Guerrilla P.R. WIRED' that addresses online Guerrilla marketing along with the offline approach. I have several types of marketing books and this set comprises the biggest chunk. I have been experimenting and understanding the various techniques over several months now. Being a small business owner, I like this approach better than most of the others. Bottom line - if you are responsible for marketing your small business goods or services, I recommend at least looking through this book. Good luck!

5-0 out of 5 stars This is the real thing.
I read this in 1984 and again in 2004
Levinson is the guy. The real thing. The man. Stay away from Michael Levine - he is a copy cat.

3-0 out of 5 stars So So Book: For Beginners Only
If you've got formal training in marketing, avoid this book. It lays down some basic tenets of marketing you probably already understand. What I was looking for in it was some practical advice for small businesses and some innovative ideas. Most of what I found I had already discerned through common sense. There's nothing terribly creative or innovative in his ideas.

Here's the summary: learn the basic principles of marketing, use common sense, be persistent and frugal, and work hard.

If you haven't had any formal marketing training this might be a place to start, but even then, I'd recommend a basic marketing text first. Learn the "3 C's" and "4 P's" of marketing before you spend your money on Guerilla Marketing.

5-0 out of 5 stars Most of What You Need Is Between Your Ears
I read this book when it was first published in 1984 and recently read the Third Edition, curious to know how relevant Levinson's ideas have remained during the almost 20 years years since then. He has revised and updated the book to accommodate the emergence of the Internet, e-business, and globalization initiatives. To his credit, his Guerrilla principles remain valid and, if anything, are even more relevant and more valuable now than ever before. It is important to keep in mind that, as he explains in Guerrilla Creativity, creative marketing is not something that you do. "Instead, it's something that your prospects get." Guerrilla principles guide and inform initiatives by which to produce desired results, whatever those may be. Perhaps to create or increase demand for what one offers. (I use the word "offers" rather than "sells" because the same principles can also be invaluable, for example, to those seeking charitable contributions to a non-profit organization.) Perhaps to inform a prospect or reassure a client; in terms of a competitor, perhaps to create confusion, discomfort, and even despair.

Although the book's subtitle suggests that the "secrets" provided will help to make big profits from a small business, Levinson's principles can (as I have indicated) help to achieve a variety of other desired results which may include but are not limited to profits; moreover, his principles can be as helpful to a multinational corporation as they can to a local family-owned business.

The material is carefully organized within five sections: The Guerrilla Approach to Marketing -- Updated, Mini-Media Marketing, Maxi-Media Marketing, Nonmedia Marketing, and finally, Launching Your Guerrilla Marketing Attack. Levinson also provides an especially useful concluding section, "Information Arsenal for Guerrillas" (pages 363-372) which directs the reader to hundreds of resources such as a bibliography as well as information about relevant newsletters, periodicals, audiotapes, and videotapes.

I especially appreciate the fact Levinson includes marginal notes throughout his narrative. They make it so much easier to review key points which may not have been highlighted or underlined. Also, his Index is much more extensive than what authors of business books usually provide. This is in all respects a user-friendly volume whose material, if understood and then applied both effectively and (yes) appropriately, can be of substantial value to any decision-maker who seeks to create or increase demand for whatever her or his organization offers.

What sets Levinson's various "Guerrilla" books apart from most others is his consistent point of view. It has no doubt been influenced by Sun Tzu and especially by several of Sun Tzu's strategies such as when far away, seem near...or vice versa; when small, seem large...or vice versa; when exhausted, seem vigorous...or vice versa, etc. It was Sun Tzu who explained the importance of thorough preparation by asserting that every battle is won or lost before it is fought. Although we usually think of such strategies as being used only by "Davids," the same strategies (albeit with modifications) can also be used very effectively by "Goliaths."

In the first chapter, Levinson identifies 12 differences between Guerrilla marketing and traditional marketing. They are essentially differences of judgment, values, and priorities rather than of resources. I agree with Jason Jennings who suggests that it's not the large that eat the small...it's the fast that eat the slow. Size and speed are not mutually exclusive. Many successful organizations have both. However, Levinson is quite correct when stressing the importance (and benefits) of having an underdog mentality. Differing somewhat with Andrew Grove, I presume to suggest that not all survivors are paranoid...but most are. The Guerrilla mentality takes no one and nothing for granted. Ever.

For me, one of Levinson's most interesting ideas involves the Guerrilla's relationship with competition. He goes one step further than the Biblical David who wisely avoided physical contact with Goliath: "Guerrilla marketing asks you to forget about competition temporarily and to scout opportunities to cooperate with other businesses and support each other in a mutual quest for profits." That is to say, rather than facing Goliath in combat, Levinson's David would to go into partnership with those vendors who provide a variety of products and services to the Philistines. Goliath would be hired to handle accounts receivable. Eventually David would buy out his partners, then retain them on an outsource basis to continue servicing the Philistine account while he seeks new business opportunities elsewhere within and beyond the Middle East. Perhaps sell franchises in military provisions while remaining owner/CEO of a parent company which provides various services to its franchisees through subsidiaries such as Rent-a-Camel, Caravan Leasing, Goliath Security Services, Galleys Unlimited, etc.

Presumably Levinson agrees with me that it would be a mistake, indeed highly un-Guerrilla-like, to adopt all or even most of the strategies and tactics he offers in this book. First, do a rigorous analysis of your organization's needs and interests, of course, but also or its strengths and especially its weaknesses. (You can be sure your toughest competitors already know where you are most vulnerable. Do you?) Next, set the priorities for action (NOT discussion) and develop a cohesive and comprehensive plan to achieve the most important objectives. Then cherry-pick whichever of Levinson's proffered strategies and tactics will be most helpful to those efforts. There are more of them in this book than you can possibly use at any one time, anyway. However, priorities can change...often because of a competitor's initiatives. (If you did not see them coming, that's your fault. A Guerrilla always sleeps with one eye open.) When circumstances change, different strategies and tactics may be needed. Re-read Levinson's book. You'll probably find whatever you need.

Final point: A Guerrilla never trusts only one book for advice on marketing. Nor should you. Check out Levinson's bibliography. There are no glaring omissions other than Sun Tzu's The Art of War (Griffith translation) and Reis and Trout's Positioning. Among the dozens he cites, my own preferences are Beckwith's Selling the Invisible, Cohen's The Marketing Plan, Levitt's The Marketing Imagination, McKenna's Real Time, Reichheld and Teal's The Loyalty Effect, and Schmitt and Simonson's Marketing Aesthetics as well as Schmitt's subsequent Experiential Marketing. ... Read more


75. Value Investing: From Graham to Buffett and Beyond
by Bruce C. N. Greenwald, Judd Kahn, Paul D. Sonkin, Michael van Biema
list price: $49.95
our price: $49.95
(price subject to change: see help)
Asin: 0471381985
Catlog: Book (2001-05-31)
Publisher: Wiley
Sales Rank: 173867
Average Customer Review: 4.25 out of 5 stars
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Book Description

From the "guru to Wall Street’s gurus" comes a guide to one of the most profitable and enduring investment disciplines

"A must-read for all disciples of value investing. In 1934, Graham and Dodd created fundamental security analysis. Greenwald reinforces the worth of this approach, incorporates new advances, and takes their work into the 21st century." –Mario J. Gabelli, Chairman, Gabelli Asset Management, Inc.

Value investing is the one school that has proven itself consistently profitable over time. Practitioners of the value approach have produced excellent returns for investors in both good and bad markets.

Recognized nationwide for his expertise on the subject of value investing, Bruce Greenwald’s classes and seminars have been attended by some of the savviest investors on Wall Street. Value Investing presents the fundamental concepts of the discipline and illustrates its practical applications in a manner accessible to anyone with a serious interest in investing. It is sure to take its place as one of the most important investment resources of our time. ... Read more

Reviews (16)

5-0 out of 5 stars Packed with Knowledge!
This is a very lucid, practical introduction to the principles of value investing. It is detached, relatively objective considering the authors' bias in favor of the subject, doesn't hype or hard-sell and, on the whole, would be a valuable addition to any investor's bookshelf. If you're a relative beginner, your shelf will also need to include a dictionary of financial terms - the authors assume you already know the vocabulary. And who is the Graham cited in the title? He is Benjamin Graham, who all but invented security analysis. With coauthor David Dodd, he produced the book Security Analysis in 1934. Later, Graham wrote The Intelligent Investor. Both books are investment classics and have been revised and re-issued. This one may endure, as well, based on its thorough exposition on how to value a company and its instructive profiles of value investing heavyweights. Our recommendation: strong buy, long term hold.

5-0 out of 5 stars Value Investing in the 21st Century
I am a professional investor (CFA charter holder and portfolio manager) and would suggest this book for anyone interested in the value style of investing. I would not recommend the book for a novice investor since some terminology is not explained. (Perhaps read this book after reading and understanding Benjamin Graham's The Intelligent Investor.) However, the book is an excellent read for someone with an understanding of investing. The book is divided into two main parts: The authors' views of different ways to value a company and profiles of successful value investors.

I think the authors' Earnings Power Value (EPV) approach to valuing a company is cutting edge. (Basically EPV is a rehash of Enterprise Value.) Most investors tend to value stocks based on P/E ratios - only looking at equity in a company. However, the proper way to value a company is to look at its whole capital structure - Debt, Equity & Cash. EPV is a much better tool than the P/E ratio for calculating whether a company is undervalued.

The second part of the book that profiles a half dozen or so successful value investors is interesting. It illustrates there are many different ways to execute a value oriented approach. The profiles do not give any hard cut rules that each investor follows, but it does give you a general idea. (I have been successful at applying some of the ideas in managing my own account.) The only flaw of the profiles is the lack of any type of track record. It would have been helpful to list the year-by-year returns for each investor compared to an index. (i.e. S&P 500 Index)

Overall, it's a great book and it deserves a spot behind Ben Graham's Security Analysis and Intelligent Investor.

5-0 out of 5 stars Packed With Knowledge!
This is a very lucid, practical introduction to the principles of value investing. It is detached, relatively objective considering the authors' bias in favor of the subject, doesn't hype or hard-sell and, on the whole, would be a valuable addition to any investor's bookshelf. If you're a relative beginner, your shelf will also need to include a dictionary of financial terms - the authors assume you already know the vocabulary. And who is the Graham cited in the title? He is Benjamin Graham, who all but invented security analysis. With coauthor David Dodd, he produced the book Security Analysis in 1934. Later, Graham wrote The Intelligent Investor. Both books are investment classics and have been revised and re-issued. This one may endure, as well, based on its thorough exposition on how to value a company and its instructive profiles of value investing heavyweights. Our recommendation: strong buy, long term hold.

2-0 out of 5 stars Turkey and Where is the Beef?
There is simply not enough value in this book to justify using it. I'm sorry but words like Alta Vista and Cisco just should not appear anywhere in a value investing book. Period and discussion over. At least not up to the present. Maybe in the future but I doubt it. Also there is way too much verbage to describe much of nothing. The modern budding value investor would be better served by other book including Security Analysis by Graham. A lot of detail is missing here and much of the analysis leaves one wondering if the authors know what value investing really is.

4-0 out of 5 stars Good book about value investing
The values are out there, it is just a matter of finding them and knowing what to look for. This book has many ideas about how to find the values.

I was somewhat disappointed in some of the math since I found some errors, for example on pg 139 of my edition, the formula for PV contains an error.

The Earnings Power Value seems to be useful for some situations, but not in all cases --- I think that point is covered in the book, yet so much time is devoted to EPV.

Even with some rough spots, this book will indeed help me in my investing walk. ... Read more


76. Pioneering Portfolio Management: An Unconventional Approach to Institutional Investment
list price: $35.00
our price: $23.10
(price subject to change: see help)
Asin: 0684864436
Catlog: Book (2000-05-15)
Publisher: Free Press
Sales Rank: 6847
Average Customer Review: 4.6 out of 5 stars
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Book Description

During his fourteen years as Yale's chief investment officer, David F. Swensen has transformed the management of the university's portfolio. Largely by focusing on nonconventional strategies, including a heavy allocation to private equity, Swensen has achieved an annualized return of 16.2 percent, which has propelled Yale's endowment into the top tier of institutional funds. Now, this acknowledged leader of fund managers draws on his experience and deep knowledge of the financial markets to provide a compendium of powerful investment strategies.

Swensen presents an overview of the investment world populated by institutional fund managers, pension fund fiduciaries, investment managers, and trustees of universities, museums, hospitals, and foundations. He offers penetrating insights from his experience managing Yale's endowment, ranging from broad issues of goals and investment philosophy to the strategic and tactical aspects of portfolio management. Swensen's exceptionally readable book addresses critical concepts such as handling risk, selecting investment advisers, and negotiating the opportunities and pitfalls in individual asset classes. Fundamental investment ideas are illustrated by real-world concrete examples, and each chapter contains strategies that any manager can put into action.

At a time when it is becoming increasingly difficult to cope with the relentless challenges provided by today's financial markets, Swensen's book is an indispensable roadmap for creating a successful investment program for every institutional fund manager. Any student of markets will benefit from Pioneering Portfolio Management. ... Read more

Reviews (10)

5-0 out of 5 stars Truly unique insight into institutional portfolio management
Swensen's book is a must-read for endowment managers and other institutional investors, particularly those who take a fund-of-funds approach (as does Yale, where Swensen is Chief Investment Officer). Swensen aptly lays out the investment policy that has enabled Yale to consistently outperform other U.S. endowments. As Yale's CIO, Swensen has set a target portfolio allocation that departs significantly from the still heavily U.S. equity and debt-focused strategy of most endowments. Swensen's approach includes a large allocation to asset classes that are not highly correlated to the U.S. public equity market. He outlines these "alternative" classes in his book, giving the reader an excellent view of how alternative investments can increase risk-adjusted portfolio returns.

Perhaps the biggest contribution of Swensen's book, however, is the debunking of myths that still lull fiducaries into making the wrong decisions, for example when it comes to picking investment managers. Swensen advises against chasing managers who have performed well simply because of their past performance. If attributes such as personal integrity and the right fee structure are lacking, solid past performance can become a liability, not an asset. Swensen describes the example of private equity firm KKR-- after tremendous early successes, the flood of investor capital into KKR enabled the firm's partners to set up a fee structure that ensured big payoffs for themselves even if their funds underperformed. This is just one of many valuable lessons the reader will draw from Swensen's book.

4-0 out of 5 stars Thoughtful, cautious, and quite readable
This book provides some well thought out advice on how to invest. It deals mainly with strategies appropriate to handling multi-billion dollar portfolios, but many of the ideas would apply to ordinary investors as well. But because he is mostly very cautious about what strategies to use, the advice won't be terribly surprising to experienced investors, and won't satisfy many risk-tolerant investors.
The one area in which I disagree with the book is his overly confident rejection of technical analysis. While most simple versions of technical analysis have not shown impressive results, and it may well be that none work with investments of the size that Yale makes, the number of successful traders who make some use of technical analysis (for example, most of those interviewed in Jack Schwager's books) should not be dismissed lightly.

4-0 out of 5 stars Many good insights
David Swensen reveals many insights available only from experience which are valuable for individuals and boards responsible for guiding large portfolios. I wished for more detail regarding the manager selection guidelines and asset allocation/reallocation criteria however we must respect that this information is proprietary.

5-0 out of 5 stars A must-have for MBA students and investment professionals
First of all, Swensen and Takahashi's team puzzled me by its consistent performance to beat the benchmark for over 15 years, with last year¡¯s stunning annual return of 41%, leading the assets under management to easily surpass $10 Billion. The book is not only a great resource to look into the minds of the people who made this happen but also a wonderful application of finance, investment, asset allocation, strategy and management that you are learning in business school. Without mentioning the merits of the finance theory and investment techniques, the book is presenting a compelling case study of how investment office fits into the picture of institution building.

Second, the fascinating aspects of the book is the ¡°unconventional approach¡±, not just simply statistics and financial modeling, for long-time horizon investing. For example, in asset allocation and manager selection, it can come from topdown analysis with support of quantitative modeling and sophisticated simulation; it also can come from scientific findings and number crunching to uncover the value creation process, which usually leads to the later asset allocation strategy to fully take advantage of the discoveries.

Third, the stress and analysis of alternative investment assets and absolute returns are also worthy of mentioning. Contrary to what traditional financial theories or books focusing on efficient markets, Swensen¡¯s book casts a lot of insights on the less-covered alternative asset classes and less efficient markets. Interestingly, they never seem to be constrained by their own defined class by constantly exploring those asset classes. For example, Swensen is famous for backing venture capital and private equity. It is true that they took the plunge well before others did. Nevertheless, they explore much more than that --other inefficient markets and conventionally less-discovered places.

Finally, there are some more things that I would love to see in the book¡¯s next edition or a new book. One intriguing aspect of Yale Investment Office is its consistently great performance, which happens to coincide with the very volatile years from 1985-2001. Think about the Black Monday in 1997, the stagnation (coupled with high inflation) in late 1980s, bull market, bear market, Asian Financial Crises, Russian Default, Internet bubbles in 2000 and recent bubble-burst. How they weather through the storms as well as sunny days in a systematic way would be really worthy of reading. How do they deal with financial innovation, such as some exotic financial instruments and hedge funds?

In general, I would rate this book the highest score, with high hopes for another book from their team.

5-0 out of 5 stars Original thought and a rare look into an important world
I give this the highest rating available for two reasons: First, it gives rare insight into the forces driving generally any institution and in particular investments by endowments and foundations. Second, Mr. Swenson provides surprisingly original and expectedly sophisticated thoughts on a number of new and crucial aspects of portfolio management from a wholistic and asset-class specific perspective. He also provides a fresh look at new or often brushed over topics including alternative investments, evaluation of quantitative strategies, and evaluation of managers within each asset class. Although the investments of the Yale Endowment are well known, I knew little about David Swenson prior to reading this book. I came away very impressed with his thoughts. He managed to provide insight and make interesting a lot of topics previously thought simple.

Generally speaking there are two sources of capital available, those from individuals and those from institutions. Every other investment institution(ie, investment banks, mutual funds, hedge funds, brokerages) are simply intermediaries that help transform investment capital into working capital. Understanding the needs of both individuals and institutions is crucial from a number of perspective. For an economist, both groups represent fundamental causal mechanisms in the flow of capital. For anyone in the investment business from stock brokers to investment bankers to hedge fund managers, both individuals and institutions represent a significant potential source of revenue. More information than we need to know is available about the individual. However, surprisingly little good information is available about institutional investors. If anything, the first half of this book provides a useful look into the views of an institutional investor.

Aside from providing a look at the industry, this book was undoubtedly insightful from a pure finance/investment perspective. Mr. Swenson manages to shed light on a lot of topics that were previously taken for granted. Examples include his illustration that on a risk adjusted basis, private equity funds(LBO and venture capital)on average don't perform that well. Only top-tier funds are beating the "market" (S&P500), and only they're worth investing in. Moreover, he's even shed light on the much whispered....never talked about fact that perhaps private equity managers are overcompensated.

His examination of alternative investments is only one aspect of the book. He also provides a fresh look at other important topics that often go unnoticed such as the limitations of mean-variance optimization in asset allocation, active vs. passive fund managers, the role of real estate within the overall portfolio, the significance of REITs, and many others. ... Read more


77. Advanced modelling in finance using Excel and VBA
by MaryJackson, MikeStaunton
list price: $95.00
our price: $59.85
(price subject to change: see help)
Asin: 0471499226
Catlog: Book (2001-05-30)
Publisher: John Wiley & Sons
Sales Rank: 16579
Average Customer Review: 4.6 out of 5 stars
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Book Description

This book will appeal to both graduate students and practitioners. Students will value the Excel spreadsheets allowing them to develop their knowledge of modelling in finance, using a step-by-step approach accompanied by explanations using elementary mathematical statistics and probability. Practitioners will value the VBA functions as a source of up-to-date and efficient programs that can be easily used from Excel.

Standard material covered includes:

  • portfolio theory and efficient frontiers
  • the Capital Asset Pricing Model, beta and variance-covariance matrices
  • performance measurement
  • the Black-Scholes option pricing formula
  • binomial trees for options on equities and bonds
  • Monte Carlo simulation
  • bond yield-to-maturity, duration and convexity
  • term structure models from Vasicek and Cox, Ingersoll and Ross
Advanced topics covered include:
  • Value-at-Risk
  • style analysis
  • an improved binomial tree (Leisen and Reimer)
  • Quasi Monte Carlo simulation
  • volatility smiles
  • Black, Derman and Toy trees
  • normal interest rate trees

    The book is accompanied by a CD-ROM containing the spreadsheets, VBA functions and macros used throughout the work.

    ... Read more

    Reviews (10)

    5-0 out of 5 stars Comprehensive coverage of VBA financial models
    I like the style of this book. Don't let the small number of pages fool you. The authors didn't get overly wordy explaining the basics of the models (they assume the reader is already a proficient Excel user), and focus instead on explaining the key Excel functions and VBA codes in order to allow the readers to get their own model up and running in a short time. Like the other reviewer said, the authors should be congratulated for such a superb effort.

    Many subjects are materials not normally covered in a typical MBA curriculum (although they would in a MS program) Examples: in Chapter 13, Non-normal Distributions and Implied Volatility, the authors showed the way to model a Black & Scholes Equity Option using the more realistic non-normal distribution assumptions acounting for skewness and kurtosis (non-symetry and fat tails). In the Appendix, author introduced the ARIMA models in Excel (modeled typically with statistical or time-series software packages, such as SAS or SPSS), splines curve fitting and lastly estimation of eigenvalues and eigenvectors (for estimation of principal components analysis). You will find the Excel/VBA codes bundled in the CD handy for those who wish to develop more advanced models.

    This book is a godsend for busy practitioners who want to master quickly the art and science of building numerical techniques and coding models with Excel. Feel free to email me if you need to know any details from the book.

    P.S. book divided into four components
    Part ONE: Advanded Modelling in Excel (teaches the advanced Excel functions and procedures, VBA macros and user-defined functions)
    Part TWO: Equities
    Part THREE: Options on Equities
    Part FOUR: Options on Bonds
    Appendix: Other VBA functions

    5-0 out of 5 stars Advanced modelling in finance using Excel and VBA
    This is probably the best book written on financial modeling in excel, definitely worth the $50. Comes with a great CD-ROM. The books strength is its illustration of financial models and implantation in Excel. Since the models focus on static solutions the book is probably of greater use in academics than in industry. It would be great if there was instruction about how to input real time data into Excel and implement the models dynamically. Of particular interest to me is the great VBA code given on the CD, namely the code to calculate autocorrelation, cubic spines, eigenvalues and eigenvectors. This alone was worth the 50 bucks.

    There are some major deficiencies in this book. Noticeably absent topics include: bond portfolio immunization; swap pricing; forwards and futures hedging; the ARCH, GARCH and CHARMA models.

    My background is in finance, mathematics and computer science. Unlike the guy above, I don't see any need for advanced mathematics in order to study this book. In fact I am sure you don't. The point is to make excel do it for you. However it will a lot easier for those who understand the finance and mathematics behind what they are telling excel to do. I am assuming that those who are considering this book most likely have taken at least one college level calculus course and one statistics course. But I don't think even that is necessary and definitely not stochastic calculus.

    3-0 out of 5 stars Not really satisfying
    One of the main points of programming books is to help the reader understand the models being programmed. On this count, "Advanced modelling in finance using Excel and VBA" fails miserably. There is very little explanation of the financial concepts and models. Anyone hoping to learn finance from this book will be very disappointed.

    The result is a series of programming black boxes and ugly spreadsheets having only limited usefulness.

    Although the level of his book is somewhat lower, Benninga's "Financial Modeling" book is much better at explaining the conceptual basis of financial models. A good programmer will be better off with Benninga than with Jackson-Staunton.

    5-0 out of 5 stars Stochastic Calculus?
    Being a professional Azerbijani Yak trader, I (like my esteemed colleague) have used extensively Stochastic Calculus!
    I am also very strong in the modelling & programming, area.
    Just like my esteemed colleague, I stand in awe before this book, and certainly class it as a godsend!

    The book not only applies to my current vocation, but i have found practical application for this book in the Scandanavian Seal clubbing industry.

    I have stopped my wheels spinning, life is a truly experience after reading this book.

    I also highly recommend Dr. Zeus, Cat in the Hat & Green eggs & Ham!

    5-0 out of 5 stars Highly Recommended
    VBA is one of those tools I long knew I should be proficient in but never got around to learning. That is, not until I found this book. It makes it easy for a financial professional to quickly come up to speed and start coding VBA within spreadsheets. The fact that the focus is on financial applications means that you learn coding techniques that will be useful on the job. I highly recommend the book! ... Read more


  • 78. Financial Modeling - 2nd Edition
    by Simon Benninga
    list price: $75.00
    our price: $75.00
    (price subject to change: see help)
    Asin: 0262024829
    Catlog: Book (2000-09-18)
    Publisher: The MIT Press
    Sales Rank: 12469
    Average Customer Review: 4.33 out of 5 stars
    US | Canada | United Kingdom | Germany | France | Japan

    Book Description

    Too often, finance courses stop short of making a connection between textbook finance and the problems of real-world business. Financial Modeling bridges this gap between theory and practice by providing a nuts-and-bolts guide to solving common financial models with spreadsheets. Simon Benninga takes the reader step by step through each model, showing how it can be solved using Microsoft Excel. In this sense, this is a finance "cookbook," providing recipes with lists of ingredients and instructions.

    Areas covered include computation of corporate finance problems, standard portfolio problems, option pricing and applications, and duration and immunization. The second edition contains six new chapters covering financial calculations, cost of capital, value at risk (VaR), real options, early exercise boundaries, and term structure modeling. A new technical chapter contains a potpourri of tips for using Excel.

    Although the reader should know enough about Excel to set up a simple spreadsheet, the author explains advanced Excel techniques used in the book. The book includes chapters dealing with random number generation, data tables, matrix manipulation, and VBA programming. It also comes with a CD-ROM containing Excel worksheets and solutions to end-of-chapter exercises.
    ... Read more

    Reviews (36)

    5-0 out of 5 stars Excellent book due to its simple practicality
    I highly recommend this book to any aspiring financial analyst. It is definitely worth it, even at the list price.

    Want to master the fundamentals of basic finance using Excel? then this is one of the few books on the market that really meet this need. Want to set up more advanced mathmatics modeling? well as the introduction of this explains, this book is more like a cookbook: it lists the required basic ingredients and the culinary process but if you want to spice the dish (financial model) up, it is up to the individuals to dig out those advanced formulas from the financial trade journals and apply them to the models.

    I first saw the first edition of this book in my college library. took it home and was EXCITED. I was looking for a practical book that would show me the intricacies of Excel for setting up financial models and this was like a god-sent. Like one of the other reviewers said, this book combined basic finance, Excel functions, and VBA programming. To add practicality to this book, Professor Benninga even showed how to download financial data from the internet. Granted it is rather basic, but it adds to the usability of his book, making it a well-round book.

    The best parts are end-of-the chapter exercises. Solutions are provided in the accompanying CD-ROM. See how many ways can you solve the same problem.

    Professor Benninga always outlines the assumptions and explains the parameters of each model. We should remember that in many instances, unrealistic assumptions lead to way-of-the mark numbers, rendering the whole modeling process and its calculations useless.

    Want to become a advanced-level financial modeler? then master the fundamentals first! this book gets you started.

    P.S. I also highly recommend to anyone just starting with Excel modeling to read William J. Orvis's Excel for Scientists and Engineers. It is a bit outdated but still highly useful for its chapters on curve fitting, VBA programming and raw data manipulation.

    5-0 out of 5 stars Chicken Soup for the Financial Analyst's Soul
    If you need to build a working valuation model, calculate the risk of a portfolio with 100+ securities, or figure out what return you might expect to get from a portfolio of high-yield bonds, then you'll find Simon Beninga's "Financial Modeling" merits far more than five stars: this is one book that is indispensable.

    One of the biggest problems I ran into during my MBA program was the way my professors taught Corporate Finance. I had great profs, true, but they were teaching theoretical concepts from theoretical textbooks. Sure, you learned the basics: CAPM, net present value, basic options and futures, Arbitrage Pricing Theory, VAR and TEV, but I have always maintained that the best way of learning a subject---particularly corporate finance---is by getting your hands dirty and digging into the guts of the material.

    Since Corporate Finance, off-balance sheet instruments aside, isn't very dirty, the best way to get a hands-on practical approach in terms of Capital Structure, the appropriate discount rate to use in pricing an asset, risk, and optimal debt and dividends is to program in Excel and Visual Basic. The problem is that many top finance texts don't offer supplemental material to translate the theoretical concepts into actual valuation and spreadsheet models, which any financial analyst will contend is the life-blood of the industry.

    With that in mind, Simon Beninga's "Financial Modelling" is a kind of "Joy of Cooking" for initiate investment bankers, corporate financiers, controllers, analysts, and anyone who wants to use core Corporate Finance concepts in the real world. Beninga goes through the standard laundry list of Corporate Finance text topics---from the optimal risky portfolio to the term structure of interest rates---and shows you how to translate these concepts into workable spreadsheet models that can illustrate, illuminate, and get to the heart of a problem.

    If you're a new MBA or financial analyst, you'll find much to love in Beninga's approach, and by pairing the newly expanded 2nd edition up with a top theoretical finance textbook (Ross, Westerfield et al.'s "Corporate Finance" is a fine example) you'll get the most out of your MBA program and have a solid foundation for building Excel and Visual Basic financial models that work.

    I liken "Financial Modeling" to a cookbook, in that Beninga provides all the ingredients necessary to the model at hand: he begins with a sprinkling of theory, whether it's modeling a bond portfolio's immunization, calculating the cost of capital, estimating a portfolio's Beta with no short-selling, or pricing put and call options using both the binomial theorem and Black-Scholes. His writing is spare, terse, and to the point, but I have learned more about advanced corporate finance theory through Beninga's marvellously pithy writing and copious Excel examples than I have in reading ten 'top of the list' finance books.

    In addition to nicely expanded sections on options (including portfolio insurance) and leasing (including the technically sophisticated subject of leveraged leasing, which requires Excel to comprehend), Beninga concludes his sprightly little tome with a section on getting the most out of Excel (useful little shortcuts that a financial analyst will need but may not have heard of) and a nice little introductory primer on programming in Visual Basic.

    "Financial Modeling" is an absolute essential if you're going to make Corporate Finance your profession. For an equally elegant and practical treatment of building discounted cash flow models for businesses, the reader would be advised to pick up Beninga's "Corporate Finance", which, while not equally oriented in spreadsheet modeling, is one of the most terse, accessible, and reasonably technically sophisticated Corp-Fin books on the market today.

    5-0 out of 5 stars Very Good - MBA Students This Is a Must Own
    This is a very good book in showing the reader how to utilize and manipulate Excel for financial problem solving and modeling applications. If you are looking for a book that will show you how to build a leverage buy-out or m&a model from scratch, your expectations are way too high. What this book shows you is how to build those types of models by showing you how to model and use various Excel functions to build the various subsections of those types of complicated models and link them all together. I highly recommend this book to MBA students who are career changers and are looking to enter corporate finance or consulting careers where quantative Excel usage is part of the job. This book shows you how to get the most out of Excel, which is a very user friendly software package. The book comes with a CD-ROM which has examples as utilized in the book and homework problems which are good and can be somewhat hard which forces you to learn Excel for financial applications. If you are a quick learner and highly motivated, you will get a lot out of this book. Nothing is to be feared. It is all to be mastered. By buying this book and working out the Excel problems and exercises on my own, my confidence level with Excel and my own modeling skills has shot up. Given what I have learned from this book, i consider the price to be a bargain. This is very much a learning by doing book. You will get a lot out of it.

    5-0 out of 5 stars Excellent book for any novice on financial modeling
    I have used this book and recommended to others. It is certainly one of the best books on financial modelling, especially if you are a novice in modeling. It gives step by step clear techniques for various problems. It is very easy to read, with excellent examples. Hope you can enjoy this book as much as I have.

    5-0 out of 5 stars Financial Modeling - 2nd Edition
    Great intro to financial modeling, excellent text for undergrad finance and MBA students. Learn core financial topics and Excel simultaneously. Takes financial theory and applies it in excel with real "nuts and bolts" applications. Includes a CD with all the speadheets on it which is alone worth the price. No advanced math or statistics needed, although it would help the reader. Perhaps too basic for a student/graduate Ph.D. in Economics/Finance or M.S. in Financial Engineering. ... Read more


    79. How to Create and Manage a Hedge Fund: A Professional's Guide
    by Stuart A.McCrary
    list price: $100.00
    our price: $63.00
    (price subject to change: see help)
    Asin: 047122488X
    Catlog: Book (2002-08-15)
    Publisher: Wiley
    Sales Rank: 55975
    Average Customer Review: 3.3 out of 5 stars
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    Book Description

    Praise for How to Create & Manage a Hedge Fund
    A Professional’s Guide

    "True to its title, McCrary provides a clearly written and complete overview of the issues associated with starting and running a hedge fund. And for those outside the hedge fund world, the book’s successful marriage of finance theory and market practice with the author’s own vast experience makes for an enjoyable and thoroughly informative read."
    –Christopher L. Culp, Managing Director, CP Risk Management LLC, and Adjunct Associate Professor of Finance, Graduate School of Business, The University of Chicago

    "McCrary has drawn from his experience on Wall Street, LaSalle Street, and at the academy in crafting this encyclopedia for hedge fund managers and advisors. Covering the field in plainspoken business prose, he demystifies the secretive world of collective private investment. Whether you earn your living in finance or law, in accounting or marketing, if the subject is hedge funds, you must read this book."
    –Patrick Daugherty, Partner, Foley & Lardner

    "Building on his broad experience in the securities and derivatives markets, McCrary offers a well-researched guide to starting and running a hedge fund business . . . he tackles everything from the mundane, like regulations and accounting, to the complex, like investment techniques and risk management, in an articulate and insightful manner . . . a necessary handbook for money managers and investors alike."
    –Peter F. Karpen, Managing Member, Diversified Investment Management, LLC ... Read more

    Reviews (10)

    2-0 out of 5 stars 60 Pages of Applicable Information
    Years ago I swore never to read another book with the words "How To" in the title. I broke that rule and am now very sorry I did. To be fair, there are a couple of good chapters in this book. Chapter 10 on regulation is a nice overview of the subject, and chapter 12 makes a valiant effort, but ultimately fails to make hedge fund taxation lucid. Unfortunately much of the book is unabashed filler. Chapter 11 is titled "Accounting for Hedge Funds", but is instead a 15 page overview of the first week of Freshman level accounting. Chapter 15 takes ten pages to explain the obvious and intuitive parallels of hedge fund cash flows to options. I got about 60 pages of applicable information on the subject out of a 300 page book, and still feel ripped off. Why is it that there are so many terrible books about money management?

    1-0 out of 5 stars Uh-huh. UhUh!!
    Dear, me. Imagine being able to coach a winning business plan in fewer than 20 pages. And marketing, my dears! Why, other people write book after book about marketing, and, viola, all is covered in only twenty pages. That is amazing, especially since all the evidence is that the single most important aspect of creating a successful hedge fund is the marketing side. I can't imagine why the book would deal with trading or corporate structures in the US sense. Most successful hedge funds are incorporated in other jurisdictions which often use different terminology. And, my dears, how useful is it to introduce an S-corp, a US IRS term and structure used primarily in real estate. Few hedge funds invest in real estate, and even fewer non-US jurisdictions recognize that peculiar tax creature.

    On top of all that, you don't even get paper, binding or book covers for your money. Talk about 50 ways to leave your lover. Well, buy it if you must, but don't say I didn't warn you.

    4-0 out of 5 stars Criticisms don't make sence to me....
    While admittedly there is a lot of fluff in this book - ie explaining strategy and instruments, there is a lot of valuable advise on creating the structure of the company and constructing a business plan.

    If your looking for someone to tell you how to trade in the financial markets you probably shouldn't be starting a fund.

    2-0 out of 5 stars Dissapointing
    This book only gives a brief overview to the actual nuts and bolts of starting a hedge fund. Instead it spends time explaining various hedge fund strategies, risk-management approaches, and basic entity structures (what is a c-corp? what is an s-corp? what is an llc?).

    As someone who has started a fund in the past and is looking to start another, this book was a disappointment. If you are learning the info in this book for the first time, you probably shouldn't be starting a fund in the first place.

    5-0 out of 5 stars Must have resource
    A lot of great commentary about the preparation and hard work to build a business, not just trade/manage money. The other reviews listed here correctly point out that this is not another instructional book with investment techniques. This is the ideal book for someone confident enough with their investing strategy be it equities, bonds, limited partnerships, real estate, futures, commodities etc. to grasp business structures, investor/customer expectation, realistic marketing timelines, accounting, and the business aspect of managing a fund. Expect to seek out additional resources to add on McRary's outstanding work. If you are even toying with the idea of starting a mangement company, fund, fund of funds etc. do not proceed without this book. ... Read more


    80. Foundations of Financial Markets and Institutions (3rd Edition)
    by Frank J. Fabozzi, Franco G Modigliani, Frank Jones, Michael G. Ferri, Franco Modigliani
    list price: $140.00
    our price: $140.00
    (price subject to change: see help)
    Asin: 0130180793
    Catlog: Book (2002-01-15)
    Publisher: Prentice Hall
    Sales Rank: 65509
    Average Customer Review: 5 out of 5 stars
    US | Canada | United Kingdom | Germany | France | Japan

    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)

    5-0 out of 5 stars 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


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