Global Shopping Center
UK | Germany
Home - Books - Business & Investing - Finance Help

101-120 of 200     Back   1   2   3   4   5   6   7   8   9   10   Next 20

click price to see details     click image to enlarge     click link to go to the store

$77.75 $58.94 list($82.40)
101. Valuation: Measuring and Managing
$126.40 $59.00
102. Money, the Financial System, And
$29.70 $24.73 list($45.00)
103. The Stock Market Course
$27.95 $6.00
104. Conquer the Crash: You Can Survive
$67.96 list($79.95)
105. Interest Rate Models
$16.47 list($24.95)
106. The Coming Collapse of the Dollar
$18.45 $5.88 list($27.95)
107. Angel Customers and Demon Customers:
$26.37 $23.35 list($39.95)
108. Family Wealth--Keeping It in the
$129.95 $80.00
109. Intermediate Financial Management
$110.95 $19.00
110. Multinational Financial Management
$16.29 list($23.95)
111. Stradivari's Genius : Five Violins,
$18.15 list($27.50)
112. And The Money Kept Rolling In
$120.00 $69.08
113. Copula Methods in Finance (The
$26.37 $16.50 list($39.95)
114. Against the Gods : The Remarkable
$105.20 $59.99
115. Principles of Managerial Finance,
$128.95 $19.99 list($133.95)
116. An Introduction to Derivatives
$134.95 $36.89
117. Cost Management: Accounting &
$69.30 $60.65 list($110.00)
118. Hedge Funds : Quantitative Insights
$64.95 $20.00 list($71.95)
119. Introduction to the Mathematics
$99.00 $84.72 list($99.95)
120. Mergers, Acquisitions, and Other

101. Valuation: Measuring and Managing the Value of Companies, Third Edition (University Edition)
by McKinsey & Company Inc., Tom Copeland, Tim Koller, Jack Murrin
list price: $82.40
our price: $77.75
(price subject to change: see help)
Asin: 0471361917
Catlog: Book (2000-07-28)
Publisher: Wiley
Sales Rank: 18366
Average Customer Review: 3.45 out of 5 stars
US | Canada | United Kingdom | Germany | France | Japan

Book Description

Completely Revised and Updated

"This book on valuation represents fresh new thinking. The writing is clear and direct, combining the best academic principles with actual experience to arrive at value-increasing solutions."
–J. Fred Weston, Cordner Professor of Money and Financial Markets, Graduate School of Management, UCLA

THE #1 GUIDE TO CORPORATE VALUATION IS NOW BETTER THAN EVER!

"A ‘how-to’ guide for corporate executives who want to get at the unrealized shareholder values trapped in public companies."
–New York Times

Hailed by financial professionals, professors, and students worldwide as the single best guide of its kind, Valuation provides crucial insights into how to measure, manage, and maximize a company’s value. This long-awaited Third Edition has been comprehensively updated and expanded to reflect business conditions in today’s volatile global economy and to provide highly effective ways for managers at every level to create value for their companies.

In addition to all new case studies, Valuation now includes in-depth coverage on valuing dot.coms, cyclical companies, and companies in emerging markets, along with detailed instructions on how to drive value creation and apply real options to corporate valuation. Here is expert guidance that management and investment professionals and students alike have come to trust, including:

  • Valuation’s acclaimed chapter devoted to insights into the strategic advantages of value-based management
  • Strategies for multibusiness valuation, and valuation for corporate restructuring, mergers, and acquisitions
  • International comparisons of the cost of capital, differences in accounting procedures, and how valuationworks in different countries
  • Detailed, actual case studies showing how valuation techniques and principles are applied

This timeless, respected book on valuation allows you to face the crossroads where corporate strategy and finance meet with more confidence and winning strategies than ever before.

Please visit us at www.WileyValuation.com

WileyValuation.com is a premier Web site devoted to all things valuation. At this unique online community for financial professionals, you will enjoy the following features:

  • New information on valuation topics and links to key valuation sites
  • Valuation message boards and chats
  • Downloadable valuation spreadsheets

... Read more

Reviews (38)

2-0 out of 5 stars Superficial and lacking in depth
The first part of the book covers very basic material that may be found anywhere on the Internet or in a beginner's finance text book. This portion will be valuable only to introductory students of the subject.

The second two parts, which deal with actual valuation techniques, are very verbose, but lacking in organization and depth. This half assumes that you are already familiar with concepts such as WACC, Free Cash Flows, and other accounting and valuation terms. Although several valuation techniques are indeed discussed, by no means is the list comprehensive. Furthermore, no systematic approach to deriving or explaining the formulas is available, and often, terms not introduced earlier are used.

On the positive side, however, the book makes easy reading and focuses on a more practical, rather than academic or theoretical, discussion of valuation.

This book may not provide much value to a serious student of valuation. Furthermore, I do not believe it will make an ideal reference for the experienced professional either. At best, it will make a good second reference for a graduate level course in valuation.

3-0 out of 5 stars Good but bad Excel support
I liked this book. In Russia it is one of the most popular books on valuatuion. But when I can get the perfect excel support for Investment Valuation by Aswath Damodaran or good web support for Valuation Methods and Shareholder Value Creation by Pablo Fernandez, I ask the authors, why don't they put supporting material in disk? I think that the price of their sowtware ($94.50) is too high compairing with the book ($56 with discount), because there is no supporting materials - only 1 spreadsheet (from my point of view does not conform to McKinsey, as the leader of consulting business). I hope, for the 4-th edition we will have a good excel support.

3-0 out of 5 stars Adequate, but not Original
I hoped that McKinsey would have something new to say on this subject. There are two corporate finance texts and various finance books that cover the ground better or at least as well, so it is hard to see why this book was written.

In light of recent corporate shenanigans with off-balance sheet products, it is unforgiveable that this book doesn't address how lack of value can be disguised using off-balance sheet products. Total return swaps, an off-balance sheet financing tool, isn't discussed, and credit derivatives, another off-balance sheet tool aren't even discussed. For coverage of these topics and offshore vehicles, read "Credit Derivatives" by Tavakoli.

1-0 out of 5 stars User-unfriendliness at its best
Hmm I wonder if those giving this book five stars actually work for McKinsey. As a practioner, I don't know anyone in the industry who has actually read this book. It looks impressive on the bookshelf, but the content is anything but impressive. A lot of topics are covered, but each one only superficially and the writing is extremely dry and boring. I actually found reading this volume *painful*, and I'm supposed to like this stuff since I do it for a living! My advice for any potential buyer is read a few chapters first before you shell out for it.

3-0 out of 5 stars Logic jumps
This book is useful if you're already quite familiar with common valuation methods and can fill in the jumps & gaps. However, if any of the areas you're looking at is new to you or if you would like a more logical, well-reasoned approach or simply a discussion of all the various valuation methods in use, buy Damodaran's text instead.

This book was the prescribed & provided reference in the Corporate Finance department I worked in but most of my colleagues and I purchased our own copies of Damodaran's text "Investment Valuation, Wiley, Aswath Damodaran", which is superior in breadth as well as logical description of valuation processes. ... Read more


102. Money, the Financial System, And the Economy
by R. Glenn Hubbard
list price: $126.40
our price: $126.40
(price subject to change: see help)
Asin: 032124639X
Catlog: Book (2004-05-05)
Publisher: Addison Wesley Publishing Company
Sales Rank: 63732
Average Customer Review: 4.0 out of 5 stars
US | Canada | United Kingdom | Germany | France | Japan

Reviews (3)

2-0 out of 5 stars nah don't buy it
Please do yourself another favour this year by not buying this textbook. The writter had a difficult time explain the meaning of money and frequency confuse what he was wrtiing in chappeters.

5-0 out of 5 stars Well written survey
Having taken only a few basic econ courses in college I waslooking for a book that would explain the workings of the fed in detail. My main interest is in trading. I found this book to be perfect.It was neither too simplenor too complex.Everything was cogently written and accessible to alayman.I found answers to all my questions and it's organized in a mannerthat chapters can be read independently of one another.It will serve asan excellent reference manual.

5-0 out of 5 stars Money, the Financail System, and the Economy
As a resource for undergraduate work, I found this text invaluable.If I had known of this work earlier in my academic career, it would have appeared in more of my research as a source.A must have for almost anygeneral or specific economic study. ... Read more


103. The Stock Market Course
by George A.Fontanills, TomGentile, George A. Fontanills
list price: $45.00
our price: $29.70
(price subject to change: see help)
Asin: 0471393150
Catlog: Book (2001-02-28)
Publisher: Wiley
Sales Rank: 10086
Average Customer Review: 4.89 out of 5 stars
US | Canada | United Kingdom | Germany | France | Japan

Book Description

Praise for The Stock Market Course

"An essential guide for anyone who wants to avoid getting burned in the stock market. This book tells you how to make money and how not to lose it. Risk management is something that institutional investors have long employed to limit their losses and boost their long-term gains. This book explains risk thoughtfully and enjoyably."–Michael Molinski, Mutual Funds Editor and International Editor, CBSMarketWatch

"An excellent book that explains all of the critical factors that affect your investments. Comprehensively discusses how to analyze companies and markets. The simple descriptions paired with valuable online resources allow the reader to obtain critical information for making investing decisions.With the breadth of this coverage, you can’t help but learn something new!"–Victoria Vestal, Yahoo! Finance

"Fontanills and Gentile have written the comprehensive stock market book–stuff you want to know now, stuff you’ll have to know later. Complete the workbook and you’ll have fast-tracked your investing foundation."–Michael Smith, Cofounder of the BigEasy Investor www.bigeasyinvestor.com

"A classic must-read primer for both the novice and experienced investor...comprehensive and easy-to-read, this book provides an innovative approach for learning how to survive in today’s volatile markets. If you need the bottom line on trading do’s and don’ts, read this book!"–Julie Craig, eSignal

"A comprehensive book on the equity and option markets for both the new and experienced investor. Readers can benefit from increased knowledge and a focused and disciplined approach to the markets."–Eric Alexander, Managing Director, Wall Street Access (www.wsaccess.com)

"This is the best course I’ve seen in 20 years in the investment business...profit from it."–Clay H. Womack, Chairman & CEO, Direct Capital Markets, Inc.

"The best stock market introduction ever written for traders and investors searching for the path of trading success."–Francis Gagnon, Producer for Active Traders (LiveCharts & QCharts), Quote.com (www.quote.com)

"If you wish to increase your knowledge and profitability in trading and investing, here is where you’ll learn."–Bill M. Williams, PhD, CTA, and author of Trading Chaos and New Trading Dimensions ... Read more

Reviews (9)

5-0 out of 5 stars A GREAT BOOK FOR ALL INVESTORS
I am the type of guy that buys all the books on investing that may give me at least one simple idea that might make me extra thousands of dollars. I am recommending this book as one that all investors may gain great investment ideas from. Other books that fit in this same catagory include: (1) Making Dollars With Pennies: How The Small Investor Can Beat The Wizards On Wall Street by R. Max Bowser, and (2) Guaranteed Profits With Small Stocks by R. Max Bowser. Both of these books are available on Amazon.

5-0 out of 5 stars This book is a must!!
I purchased this book along with the Stock market course workbook for my husband and he loves it. Being a novice on the workings of the stock market we both wanted to be prepared before investing any money into the market either with an online or a traditional broker. This book has such a wealth of inforamation in it that I suggest if you are interested in investing you need to check out this book along with its wookbook. It is money well spent.

5-0 out of 5 stars If you're looking for a pace to start...
I would highly recommend this book to anyone seriously looking for a good book on how the market and its many facets work. The book is correctly named, it reads like a textbook from a 101 college course and it even has a companion book (sold separatly) to "test" your knowlege of what you read in the textbook.
Bottom line - easy to understand, thorough, informative. Will provide good general understanding of the stockmarket.

4-0 out of 5 stars A good book for a beginner
Easy explanations of most of the things a trader should know. There are some typos and errors, but overall the book is packed with useful information. The material does not require any previous economics or business knowledge, but will be useful for pros as well. I recommend it to everyone

5-0 out of 5 stars All about Risk Management - A must read
I already had quite a bit of knowledge about investing and trading before studying this course, but still learned more. My only regret is that this wasn't available 5 years ago. ... Read more


104. Conquer the Crash: You Can Survive and Prosper in a Deflationary Depression
by Robert R. Prechter Jr.
list price: $27.95
our price: $27.95
(price subject to change: see help)
Asin: 0470849827
Catlog: Book (2002-06-21)
Publisher: John Wiley & Sons
Sales Rank: 31730
Average Customer Review: 3.73 out of 5 stars
US | Canada | United Kingdom | Germany | France | Japan

Amazon.com

In Conquer the Crash, Robert Prechter explains why he thinks the boom times are behind us. Based on his interpretation of the Elliott Wave principle (an idea premised on the notion that mass investor psychology is what really drives markets), Prechter believes that the U.S. economy is about to enter into a deflationary depression that few investors are prepared to deal with. In making his case, Prechter assembles an impressive array of data that in essence suggests that the bill for the last 10 years of market excess is about to come due. The second half of the book shows how to avoid becoming "a zombie-eyed victim of the depression" and offers advice on protecting one's assets in a deflationary environment (cash is king). If there's any good news in the future that Prechter sees coming (other than how to avoid it), it's that all-out depressions don't last very long. Conquer the Crash should appeal to gloom-and-doom investors and to those desperately looking for a safe haven from the uncertainties of today's markets. --Harry C. Edwards ... Read more

Reviews (89)

5-0 out of 5 stars Who are you going to believe?
Subscribers to Prechter's newsletters will have already read most of what is in this book. But for the other 99.99% of investors in the world who are not his subscribers, he has distilled down his reasoning and recommended course of actions into one convenient place.

This book is really two books within one set of covers -- the publisher even uses two different kinds of paper stock to differentiate the "books." In "book one," Prechter draws from history and shows charts & graphs (some going back 300 years) of what has happened in situations similar to what we are going through today. Known for his Elliott Wave analysis, Prechter does not stop there. He uses all of the tools of technical and fundamental analysis to methodically build his argument that the current market downturn is very far from over. Like a lawyer presenting a case, he covers everything from esoteric considerations such as rising federal debt as a percentage of GDP, to public psychology, to the ultimate impotence of the Fed. At the end of the section, the reader is left with the choice to either believe that history repeats, or that "this time it's different."

"Book two" presents practical advice of what to do now. He offers suggestions of what to do if you're in the stock market and your account is way down. He covers junk bonds, real estate, treasuries, pension plans, 401Ks, insurance, gold, and the whole spectrum of investments. To help the reader, he lists the safest banks in the country. He has eye-opening advice for people who are relying on government protection such as FDIC bank account insurance. Finally, he shows how to actually profit in the environment we are currently in.

Some disparage Prechter for his past fault of getting out of the market too early. It's a valid criticism; nevertheless, every one of his predictions are currently playing out. How do you argue with someone who is right?

Ultimately, the reader is left with a choice. One is to follow the financial mass media, economists and brokerage analysts who say recovery is just around the corner. The other is to look at history and Prechter's prediction, along with his track record of being only one of a handful of people to predict the magnitude of the market crash. Who are you going to believe?

5-0 out of 5 stars Shows you how to profit from the coming depression.
In his new book, Robert Prechter makes a convincing case that we are heading for a deflationary depression, similar to the environment the U.S. saw in the early 1930's, and Japan has experienced for the last 12 years. Readers are shown how to prepare, and even prosper as this deflationary scenario unfolds. While most will be crushed by the weight of their own mortgage and credit card debt, readers of this book can take advantage of a once in a lifetime investment opportunity.

Prechter's understanding of technical, contrary, and economic analysis is exceptional. According to conventional wisdom of investors, traders, and the so-called "experts" on Wall Street, external events and fundamentals cause psychology and social mood to change. Flying in the face of this conventional wisdom, Prechter maintains that in reality the opposite is true; psychology and social mood cause underlying economic and market conditions to change. Once you view events from this perspective you can successfully anticipate conditions and properly adjust your investment techniques for maximum wealth appreciation and preservation.

Prechter identifies the many ways for readers to profit off the continuing stock market decline. Whether you trade stocks, bonds, commodities, or options you will find valuable advice in this book. It will have a permanent spot on my own bookshelf next to Prechter's earlier classic "At the Crest Of the Tidal Wave". Prechter's advice will surely be used in my own trading.

2-0 out of 5 stars Interesting but...
I like Prechter because he's an interesting, unconventional thinker. But... I want to be careful and fair... doesn't his track record leave quite a bit to be desired?

At one time (I think the early 80's), I've read or heard he did well with his market predictions. But, not sure, didn't he get the 87 crash wrong in the sense that the market quickly recovered and that would've been the opportunity of a lifetime to buy? And, hasn't he's been bearish though another great opportunity, the incredible bull market of the latter 90's?

Finally, here we are in mid 2004, with Gold holding _above_ $400, the stock averages within spitting distance of their old highs, and the fed likely to raise interest rates because of the economic recovery (along with job creation) to keep inflation in check.

It just seems like Elliot Wave strings you along... there're always unlikely alternate counts and unlikely alternates to those that make you question why the unlikely of the unlikely seem to happen so often. I'm not trying to bash; would actually prefer to be more positive; but am simply expressing an honest dissapointment.

5-0 out of 5 stars Highly Recommended!
Prophets of doom have always made entertaining reading. In his latest fire-and-brimstone warning, Robert R. Prechter, Jr., an experienced forecaster of long-term economic and social trends, says financial Armageddon is just around the corner. While his technical analysis ("Wave Theory") may appear to be stock-market astrology, readers may appreciate his examination of the basic functions of money and credit, his argument that worldwide central banking has fundamentally altered these functions, and his perceptive comparisons of the late 1990s with the Roaring Twenties. Prechter might have appealed to a broader audience by toning down his graphs and technical talk, and focusing instead on his investment suggestions: If the market turns down, you'll save your skin, but even in a bull market, keeping your money safe can't hurt. We recommend this book to anyone looking for bear-market investment advice, as well as those interested in technical analysis or an opinionated view of business and market cycles.

2-0 out of 5 stars A poorly argued case, even for market bears.
Mr. Prechter is best known as a popular advocate for the Elliot Wave principle. He continues this school of thought in this book.

The book is divided into two parts. The first part attempts to persuade the reader that the US economy is headed for a deflationary depression. The second part recommends actions to prepare and prosper during a deflationary depression. This specific edition of the book also includes an update written in 2004. (The original book was written in 2002.)

First of all, with any investment book review, it is important to understand the reviewer's biases. My belief is that the US will enter some type of unwinding, either through an extended securities bear market, or more severe overall imbalance. I maintain a minor belief in technical analysis but do not rely on it.

Elliot Wave analysis is, at its core, a technical analysis methodology. Elliot Wave claims to find a recurring pattern in short term, long term, and ultra-long term market price charts. What is gravely missing, however, is some sort of explanation or justification for its supposed utility. Many schools of technical analysis, for example, give plausible explanations for why "resistance levels" exist based on market or individual investor psychology. This is completely missing from Mr. Prechter's writings and thus he fails to distinguish himself from a long line of failed data miners.

This missing and crucial "why" is the most glaring hole in this book. While other writers attempt to prove a thesis through a chain of reasoning and supporting data, Mr. Prechter skips steps in his thesis. The holes are not glaring to a casual reader, but a person with some breadth in economic knowledge will easily spot large omissions.

For example, even if you accept the disjointed framework of technical and fundamental analysis, the fundamental arguments for deflation are seriously flawed. Note, also, that Elliot Wave principles claim only to predict the performance of securities. Thus, Elliot Wave is agnostic with respect to the inflation vs. deflation debate. Therefore, Mr. Prechter's arguments for deflation are purely fundamental in basis. This is where his loose foundation really comes apart. His understanding of the Federal Reserve functions are contrary to those written by many other writers and scholars, including many who share similar contempt for the Federal Reserve. This is rather crucial, because the specific authorities and obligations of the Federal Reserve can determine whether a presumed economic failure results in deflation or hyper-inflation. Convincing cases for deflation have been made, but Mr. Prechter does not offer one.

Where many market bears thoroughly argue and carefully build their conclusions, Mr. Prechter glosses over far too many details to arrive at this deflation conclusion and blatantly ignores examples that contradict his thesis. He uses the US depression of 1929 as his sole argument that monetary policy is powerless to prevent deflation, forgetting that Federal Reserve authority was much lesser back then. Meanwhile, he ignores the numerous historical hyper-inflation examples caused by monetarism, such as 1970's US "stagflation", the recent collapses of Argentinean and Mexican currency, or even popular historical cases such as the South Sea Company bubble and post World War One Germany. Mr. Prechter is either grossly ignorant or deliberately avoiding such cases. Neither speaks well for him.

Most importantly, he sets up his own case of why he is wrong. He admits that there is a small probability that he could be wrong and that hyper-inflation will set in. Mr. Prechter says that this would be indicated by a declining US dollar and a price of gold reaching above $400 per ounce. Both are now clearly true, yet in his 50-page 2004 appendix, he conveniently ignores this fact and chooses to emphasize only his market index prognostication.

The rest of his fundamental case rests on material already beaten to death by other bearish scholars. He writes about historical price to earnings ratios, the contrarian indications given by popular finance magazines and long-to-short ratios, for example. His fundamental arguments are not thoroughly presented and escape ridicule only because others have argued the case before him. He adds nothing new here.

Since the first part of the book is so poorly supported, the second part regarding how to survive a depression is irrelevant. His recommendations generally apply only to deflation and would not work in a hyper-inflation or zero-inflation economy.

When one supports an already argued case, the burden of proof is small. However, if one dares to present a different case as Mr. Prechter has done, one needs to cover all well known and reasonably applicable cases at a minimum. Mr. Prechter has failed in this regard and by his own criteria. ... Read more


105. Interest Rate Models
by Damiano Brigo, Fabio Mercurio
list price: $79.95
our price: $67.96
(price subject to change: see help)
Asin: 3540417729
Catlog: Book (2001-08-09)
Publisher: Springer-Verlag
Sales Rank: 47507
Average Customer Review: 4.83 out of 5 stars
US | Canada | United Kingdom | Germany | France | Japan

Book Description

Interest Rate Models Theory and Practice In implementing mathematical models for pricing interest rate derivatives one has to address a number of practical issues such as the choice of a satisfactory model, the calibration to market data, the implementation of efficient routines, and so on. This book aims both at explaining rigorously how models work in theory and at suggesting how to implement them for concrete pricing. This is an area that is rarely covered by books on mathematical finance. The book is meant both to help quantitative analysts and advanced traders price and hedge with a sound theoretical apparatus, and to encourage academics to develop a feeling for the practical problems in the interest rate market that can be solved with the use of relatively advanced tools of mathematics and stochastic calculus in particular. Advanced undergraduate students, graduate students and researchers should benefit from seeing how mathematics can be used in concrete financial problems. ... Read more

Reviews (6)

5-0 out of 5 stars Best book on interest rate models
This is the best book available on interest rate models. Very detailed. Much more focused and readable than Rebonato's book. More pragmatic and explicit than Musiela and Rutkowski. Not as theoretical as Hunt and Kennedy. James and Webber also looks very good, but I'm not that familiar with it. All other books have only bits and pieces on interest rates.

5-0 out of 5 stars The best book I have read on the subject
With all the due respect to the other authors I would say that if one is interested in a good theoretical book whihc is also good on the implementation side then the book of Brigo and Mercurion is definetly the best book I have ever read on the subject.

Anyone interested in implementing the LMM/BGM/MSS model in practice is well advised to read it.

I would just say that this is certainly a must have in the field.

5-0 out of 5 stars New stuff and nice overview: hard to beat!
In the late nineties I went through Brigo's innovative work on stochastic nonlinear filtering with differential geometry techniques. I was favorably impressed by results and style, particularly in his dissertation and in his 'geometry in present day science' very readable overview. Interesting results are found and nicely told with accurate - but not pointlessly complicated - advanced mathematics for the problems at hand, I reasoned.

I've followed a similar path from control to finance, and having worked with interest rate models, I couldn't help but order this Brigo-Mercurio book. I had high expectations 'cause these two guys are working in a bank on the real thing.

Sure enough I'm not disappointed.

1-factor models are handled with great care, a ton of formulas and recipes are given. I've never seen this kind of analysis of pricing with Gaussian 1-f models. The new upgrade of the CIR model is interesting and accurate. "CIR++" is now my favorite 1-f model. I like the treatment of lognormal 1-f models and the explanation of Monte Carlo and trees -- the flow-chart for Bermudan swaptions is crystal clear! Plots of market implied structures and volatility calibration are useful additions.

The chapter on 2-f extensions has one of the best discussions on volatility, and two tons of useful formulas/recipes. Two dimensional trees!

The HJM chapter size is OK. I agree - the useful models embedded in HJM are short rate models and market models.

Market models - these three chapters alone are worth the book. You'll find yourself nodding as you read the guided tour. They make it look easy all the time. The exposition is focused, clear, intuitive, detailed. There's also new stuff, just check the calibration discussion! Smile modeling begins with a brilliant tour and ends with Brigo-Mercurio's new approach - the mixing dynamics - deserving a whole chapter if expanded.

The detailed explanation on products is a much welcome original addition. Cross currency derivatives!

Quotes - as in Brigo's old work - are a pleasant diversion while reading. The 500 and more pages are a treat given the competitive price.

Still there's room for improvements - more "CIR2++"! Something on 3-f models. Historical estimation of the correlation matrix and low-rank optimized approximations. Expand smile modeling! More hedging. Something on structured products. Cross currency libor model. chapter 9 - other interest rate models - sounds out of place and can be suppressed for other things.

This book rings true and has useful teachings for students, academics and practitioners. Although it requires some background in stochastic calculus, it's hard to beat on the pricing front. Kudos to Brigo and Mercurio! It only harms there aren't enough books like this.

4-0 out of 5 stars Nicely written overview of interest rate models
This recent book, written by two Italian "quants" Mercurio & Brigo, gives a nice and accessible overview of interest rate models which is a compromise between the practitioner viewpoint, expressed for ex. in Rebonato's book "Interet Rate option models"
and the theoretical viewpoint such as the one in Musiela & Rutkowski.
The authors, themselves PhDs in quantitative finance/ applied maths, wrote this book while working as quants in an Italian bank and this first hand contact with the market gave them a
practical view on the subject which markes this book very interesting.

The book contains a "rational" catalogue of models used in practice ( as opposed to models which are impossible to implement!).

In contrast with academic books on interest rate modeling which deal with HJM formulation, there is a lot of emphasis here on LIBOR and Swap market models
(BGM -Jamshidian models) which reflects the current market practice. This is a positive point since there are not many books with details on implementing and using these "market models".

Part II: Interest rate models in practice is particularly useful because it deals with implementation and calibration which, as any practitioner knows, are important and usually delicate issues.
However calibration issues are dealt with somewhat lightly, especially recent developments on modeling cap/swaption smiles
are not included here.

This book can also be used for a graduate level/PhD course on interest rate models.

There are a lot of numerical examples in the book and mathematics is kept to the necessary level while keeping the
approach both rigorous and understandable.

Overall, it is one of the best books written on the subject.
I highly recommend it to PhD students, quants and researchers interested in this field.

5-0 out of 5 stars Well written and useful book
In my humble opinion, this is the best book on Interest Rate modeling out there. The writing style is clear and focused and the appendices are fantastic. The book is rigorous but someone with some background in Stochastic Calculus will find it easy to follow. If you need refresher, dont worry the authors have you covered, see the appendix on Stochastic Calculus. Not an introductory book. Very exciting book. ... Read more


106. The Coming Collapse of the Dollar and How to Profit from It : Make a Fortune by Investing in Gold and Other Hard Assets
by JAMES TURK, JOHN RUBINO
list price: $24.95
our price: $16.47
(price subject to change: see help)
Asin: 0385512236
Catlog: Book (2004-12-28)
Publisher: Currency
Sales Rank: 10463
US | Canada | United Kingdom | Germany | France | Japan

107. Angel Customers and Demon Customers: Discover Which is Which and Turbo-Charge Your Stock
by Larry Selden, Geoffrey Colvin
list price: $27.95
our price: $18.45
(price subject to change: see help)
Asin: 1591840074
Catlog: Book (2003-06-01)
Publisher: Portfolio
Sales Rank: 32736
Average Customer Review: 3.5 out of 5 stars
US | Canada | United Kingdom | Germany | France | Japan

Book Description

How businesses can thrive by learning which customers are creating the most profit-and which are losing them money.

One of the oldest myths in business is that every customer is a valuable customer. Even in the age of high-tech data collection, many businesses don't realize that some of their customers are deeply unprofitable, and that simply doing business with them is costing them money. In many places, it's typical that the top 20 percent of customers are generating almost all the profit while the bottom 20 percent are actually destroying value. Managers are missing tremendous opportunities if they are not aware which of their customers are truly profitable and which are not.

According to Larry Selden and Geoff Colvin, there is a way to fix this problem: manage your business not as a collection of products and services but as a customer portfolio. Selden and Colvin show readers how to analyze customer data to understand how you can get the most out of your most critical customer segments. The authors reveal how some companies (such as Best Buy and Fidelity Investments) have already moved in this direction, and what customer-centric strategies are likely to become widespread in the coming years.

For corporate leaders, middle managers, or small business owners, this book offers a breakthrough plan to delight their best customers and drive shareowner value.
... Read more

Reviews (4)

4-0 out of 5 stars Make your Angel Customers Happy
We should all be aware of unprofitable Customers. Anyone in business should be already aware of the 80/20 rule - that 80% of your profits come from 20% of your customers.

This book goes that one step further - by some excellent case studies it shows how 150% of your profits come from 20% of your customers - they are the Angels. The Demons are those 20% of your customers who actually lose you money equal to 150% of your profit.

Its not another book about CRM (Customer Relationship Management), but it is about being Customer-focussed rather than Product-focussed.

I have multiple relationships with Companies who could do with reading this book - including my own employer, with whom I have around 20 Contracts, and yet any one Business Unit only seems to know about 1 or 2 others at best. All those lost selling opportunities - for example they know the ages of my kids from my Travel Insurance Policies, but have never tried to sell me any College Savings Plans!

Read the book and make your Angels happier - and get rid of the Demon ones!

5-0 out of 5 stars This is a great strategy book
This is a skillfully written, subtile and insightfull book.

I believe that the reviewer who said that "this book stated the obvious and that outside of a novice business student, anyone who finds this book interesting or useful may want to consider another profession than business" has missed the point of this book...completely.

The importance of this book is NOT in stating that "the customer is important .. some more than others". This we all know.

The importance of this book is in outlining a practical methods for ascerting which customers are money making one and which are not money making one **by going at the junction of customer marketing and customer finance**. It is by offering a practical way to relate the two perspectives (the qualitative and the quantitative one) that this book was useful to me.

The key thing I learned from this book is the introduction of detailed customer-finance reasonings to evaluate clients.

I also was greatly inspired by their concept of CUSTOMER DEAVERAGING. I too often see company that thinks in terms of their "average customers" and thereby miss any valuable & actionable insight on how to relate to their customers in a way which is both more profitable and more meaningfull (from both the customers and the client perspective).

Well for company who are like that, I think this is a GREAT book that uncovers what needs to be done in both a practical and theorically sound way.

I can testify that having applied a big part of the framework of this book to solve one strategy problem of one of my european client, we did uncover some really devishly customers (50% of their client acquisition was focusing on customers from which their will be never enough money generated to cover the initial customer acquisition expense) and some really angel ones (25% of their customer acqusition was focused on clients that represents overall 65% of their actual profit). We were also able to do some detailed financial modelling to discover that, in their specific case, they should refocus their attention on the angel customers and probably completely change their business model and value proposition for dealing with their demon ones.

If I had one critic it would be that the part relating customer oriented strategy and the stock valuation is treated without enough precision.

Having said that, I can also state the customer business I was speaking about is a recurrent one and that as a result the benefit of acquiring an angel customer goes well beyond the financial revenue derived from them in the first year. So, beyond the immediate profit improvement that are likely to results from their refocusing on the right customers this year, I anticipate this company to achieve a surge of their financial results in the following years (This hopefully will ultimately also find a reflection in their stock price...)

4-0 out of 5 stars Behold customer centricity
We have all been frustrated in our interactions with companies that are unable to fulfill our needs. Selden's book paints in broad strokes the steps companies can take to transform themselves into truly customer centered organizations. I have found that while many companies claim to be "customer centric," it is actually impossible for them to be so because, as Seldon insightfully explains, they are not organized around customer segments, are unaware of the varying profitability of these segments, and treat customers equally.

This book should serve as a wake up call to senior executives who desire to take their companies to the next level of success. I found it compelling that the companies cited in the book that have undertaken this transformation have been greatly rewarded through increased profitability and above average stock movement.

After reading this book, I believe that executives may perceive such a reorganization to be daunting and require the use of outside consultants. However, Seldon poignantly points out that the immediacy of favorable results on a small scale will make company wide transformation quickly achievable, and produce substantially improved financial returns.

1-0 out of 5 stars "Elementary Dr. Watson, elementary"...Garbage
What garbage! I guess if you like PLATITUDES like "mom & apple pie" you'll like this book, or if you're into the OBVIOUS that "customers are important.....some more than others" this book will be a revelation, or if you've never taken a "101 Marketing" course in college or highschool, you'll find the bromidic counsel within this simplistic book (reward good customer & turn bad customers into good customer) new or useful. However, I agree with the book reviewer above: finding practical application to such broad generalities is difficult, if not laughable.

Anyone, outside of a novice business student, that finds this book interesting or useful may want to consider another profession than business! Look for a used copy of this book on Amazon......I'm selling it cheap. How does garbage like this get published? ... Read more


108. Family Wealth--Keeping It in the Family: How Family Members and Their Advisers Preserve Human, Intellectual, and Financial Assets for Generations
by James E. Hughes Jr.
list price: $39.95
our price: $26.37
(price subject to change: see help)
Asin: 157660151X
Catlog: Book (2004-05)
Publisher: Bloomberg Press
Sales Rank: 11614
Average Customer Review: 4.67 out of 5 stars
US | Canada | United Kingdom | Germany | France | Japan

Book Description

A family's wealth consists primarily of human capital, meaning, all of the individuals who make up the family, and intellectual capital, meaning, the sum of what each individual member knows, and consists only secondarily of its financial capital. That compelling premise forms the core of Family Wealth—Keeping It in the Family.

This classic treatise has been updated and expanded to include new essays that challenge conventional notions of wealth and that offer guidelines for conserving family assets in the broadest sense: not for just one or two generations but for hundreds of years—and not giving truth to the saying "shirtsleeves to shirtsleeves in three generations."

James Hughes, a prominent attorney and estate planner, teaches how successful long-term wealth preservation requires the creation and maintenance of a system of governance and joint decision making. Filled with inspiration and guidance, Family Wealth enunciates tested principles and practices for preserving wealth and keeping it in the family. ... Read more

Reviews (3)

4-0 out of 5 stars Insightful!
Reading James E. Hughes Jr.'s book is like sitting down in an easy chair with brass rivets gleaming in burgundy leather, in a trusted old family friend's parlor, to obtain a kindly word of advice. You can almost smell the pipe tobacco and taste the brandy as you read. Hughes gently and wisely guides people who want to preserve their family's wealth on how to think beyond the current fiscal year. This book is genuine and straightforward, with insights gained over many years. Hughes covers creating a family mission statement, instituting a family bank or private trust company, mentoring the next generation, family governance, philanthropy and much more. His most important contribution, however, is the perspective he offers on the human side of the equation. Even the richest families are doomed to squander their inheritances, he cautions, unless they recognize the importance of the intellectual and human development of their family members. We highly recommends this book of sage advice to anyone who hopes to keep it all in the family.

5-0 out of 5 stars A great addition to my bookshelf
I've read a lot of books and recommended them to my friends and family. This one, I bought for my partners and family. As someone who deals daily with great family wealth, it is invaluable to learn from the experiences of others. There is a wealth of ideas in this book, not just for those with great financial assets, but for those families with great human capital. I would recommend it for anyone who deals with family wealth: attorneys, CPA's, trust officers, and members of families who want to preserve their family wealth (financial, human or intellectual capital).

5-0 out of 5 stars A New Paradigm For Wealth Preserving
As a great philosopher once said "I am not ashamed to say that I have learned the good news of the truth and am called to proclaim it to others." The truth is Family Wealth: Keeping It In The Family, is the clear result of the author's extensive discernment and constitutes that rare slice of my profession which rises to the level of a ministry. The beauty of this work lies in the author's ability to state concepts with such simplicity and flow, the reader may be lead to conclude "these insights are so patently obvious I should have discovered them myself." Many of us in the estate planning profession, however, have not previously done so. Having invested 20 years in this profession I can attest that many people with reasonable career abilities can accumulate considerable sums of wealth. Moreover, a reasonably competent estate planning attorney can draft the business and estate planning documents to pass that wealth from one generation to the next. Yet after reading Mr. Hughes' book twice (and garnering increasing insights and applications after each journey) it is manifest that merely fulfilling the professional expectations taught in law school will henceforth be insufficient to deal with the interpersonal dynamics and relationship issues which must be addressed in order to wealth preserve. Moreover, this process must be rekindled and nurtured at each generation level. I now understand that to be a truly excellent estate planner, the issues in this book must be addressed by estate planner and client. Your clients need not have the wealth of a Warren Buffett or Bill Gates to benefit from the wisdom of this book and I hope it will raise the standards for the profession as a whole as it did for me.

Douglas E. Barnes, Trust Officer and member, State Bar of Wisconsin. ... Read more


109. Intermediate Financial Management With Infotrac College Edition
by Eugene F. Brigham, Phillip R. Daves
list price: $129.95
our price: $129.95
(price subject to change: see help)
Asin: 0324258917
Catlog: Book (2003-07-29)
Publisher: South-Western College Pub
Sales Rank: 94357
US | Canada | United Kingdom | Germany | France | Japan

Book Description

Comprehensive text with enough background material to refresh and reinforce earlier courses in corporate finance and enough advanced material to stimulate the most advanced learner.The predominant strengths of clarity, current coverage, and friendliness to learner and instructors continues in this new edition.Some of the areas where coverage has been expanded include corporate governance and reform, valuation, value based management, cash flow, and newly updated material on real options.The instructor's resources enable outstanding presentations and learning. ... Read more


110. Multinational Financial Management
by Alan C.Shapiro
list price: $110.95
our price: $110.95
(price subject to change: see help)
Asin: 0471395307
Catlog: Book (2002-05-10)
Publisher: Wiley
Sales Rank: 55561
Average Customer Review: 5 out of 5 stars
US | Canada | United Kingdom | Germany | France | Japan

Book Description

Presents a comprehensive discussion of the foreign exchange market.
* Discusses the key parity conditions in international finance that relate interest rates, exchange rates, and inflation rates, and the underlying arbitrage considerations that determine them-along with numerous real-world applications.
* Presents distinctions between real and nominal exchange rates and between accounting and economic exposure and their significance for exchange risk management.
... Read more

Reviews (4)

5-0 out of 5 stars It does not get any better than this
This is a comprehensive and masterfully written book; all MBA students and anybody doing business in or curious about the global economy will benefit from reading this work. All the fundamental principles of the field are clearly described and extensive real-world examples and case studies are given in which principles are synthesized and analyzed to create a very understandable and thorough learning framework. The result is one of the best textbooks I have ever read. The complex subjects of exchange rates, international monetary system, currency forecasting, country risk, foreign exchange rates, currency futures and options, swaps and interest rate derivatives, translation and transaction exposure, measuring and managing economic exposure, corporate strategy and capital budgeting for the multinational corporation, and more are covered.

5-0 out of 5 stars Quick shipping! great seller.
Quick shipping! great seller.

5-0 out of 5 stars Outstanding Finance Text
This book covers a comprehensive range of topics regarding international finance and economics. A good deal of the material covers macroeconomic issues that a country will face but there is even more infomration relevant to decisions and situations that companies must deal with when entering foreign markets. The breadth of information makes this book appropriate whether you want a blueprint for doing business overseas or just want to better understand the impact of global trade.

Shapiro is very well respected as an economist and this book is a good example why. I was fortunate enough to have him as a professor in an MBA program and can say he has an amazing command of the issues as well as the ability to communicate his knowledge very effectively. The writing in this book is clear and concise with a ton of info packed into each chapter. Buy it, you won't find a better text on this subject.

5-0 out of 5 stars International Finance
Excellent book for anybody that want to have an introduction to understand international finance ... Read more


111. Stradivari's Genius : Five Violins, One Cello, and Three Centuries of Enduring Perfection
by TOBY FABER
list price: $23.95
our price: $16.29
(price subject to change: see help)
Asin: 0375508481
Catlog: Book (2005-04-05)
Publisher: Random House
Sales Rank: 274563
US | Canada | United Kingdom | Germany | France | Japan

112. And The Money Kept Rolling In
by Paul Blustein
list price: $27.50
our price: $18.15
(price subject to change: see help)
Asin: 1586482459
Catlog: Book (2005-02-01)
Publisher: PublicAffairs
Sales Rank: 905635
US | Canada | United Kingdom | Germany | France | Japan

Book Description

The dramatic, definitive account of the most spectacular economic meltdown of modern times exposes the dangerous flaws of our global financial system.

In the 1990s, few countries were more lionized than Argentina for its efforts to join the club of wealthy nations. Argentina's policies drew enthusiastic applause from the IMF, the World Bank and Wall Street. But the club has a disturbing propensity to turn its back on arrivistes and cast them out. That was what happened in 2001, when Argentina suffered one of the most spectacular crashes in modern history. With it came appalling social and political chaos, a collapse of the peso, and a wrenching downturn that threw millions into poverty and left nearly one quarter of the workforce unemployed.

Paul Blustein, whose book about the IMF, The Chastening, was called "gripping, often frightening" by The Economist and lauded by the Wall Street Journal as "a superbly reported and skillfully woven story," now gets right inside Argentina's rise and fall in a dramatic account based on hundreds of interviews with top policymakers and financial market players as well as reams of internal documents. He shows how the IMF turned a blind eye to the vulnerabilities of its star pupil, and exposes the conduct of global financial market players in Argentina as redolent of the scandals-like those at Enron, WorldCom and Global Crossing- that rocked Wall Street in recent years. By going behind the scenes of Argentina's debacle, Blustein shows with unmistakable clarity how sadly elusive the path of hope and progress remains to the great bulk of humanity still mired in poverty and underdevelopment. ... Read more


113. Copula Methods in Finance (The Wiley Finance Series)
by UmbertoCherubini, ElisaLuciano, WalterVecchiato
list price: $120.00
our price: $120.00
(price subject to change: see help)
Asin: 0470863447
Catlog: Book (2004-07-09)
Publisher: John Wiley & Sons
Sales Rank: 187166
US | Canada | United Kingdom | Germany | France | Japan

Book Description

The evaluation and risk measurement of portfolios of complex non-linear positions and non-normal risk factors has become a major nightmare for people working in the structured finance business. Dealing with "fat tails" and "smile effects", as well as the typical asymmetric shape of default risk has rapidly made obsolete the traditional linear correlation tools. In this new environment, the copula functions methodology has become the most significant new technique to handle the co-movement between markets and risk factors in a flexible way. This is the first book addressing copula functions from the viewpoint of mathematical finance applications. The method is to explain copulas by means of applications to major topics in derivative pricing and credit risk analysis, with the target to make the reader able to device her own application, following the strategies illustrated throughout the book. Examples include pricing of the main exotic derivatives typically included in commonly traded structured finance products (barrier, basket, rainbow options), as well as risk management issues. Particular focus is given to the pricing of asset-backed securities and basket credit derivative products and the evaluation of counterparty risk in derivative transactions.

Copula Methods in Finance provides:

  • Rigorous treatment of the mathematics of copula functions, illustrated with financial applications
  • Complete analysis of estimation and simulation issues applied to market data
  • Credit-linked structured products applications: CDO and basket credit derivatives
  • Equity-linked structured product applications: barrier, rainbow and basket derivatives
  • Counterparty risk in derivative transactions: vulnerable option pricing
... Read more

114. Against the Gods : The Remarkable Story of Risk
by Peter L.Bernstein
list price: $39.95
our price: $26.37
(price subject to change: see help)
Asin: 0471121045
Catlog: Book (1996-08-23)
Publisher: Wiley
Sales Rank: 20406
Average Customer Review: 4 out of 5 stars
US | Canada | United Kingdom | Germany | France | Japan

Amazon.com

With the stock market breaking records almost daily, leaving longtime market analysts shaking their heads and revising their forecasts, a study of the concept of risk seems quite timely. Peter Bernstein has written a comprehensive history of man's efforts to understand risk and probability, beginning with early gamblers in ancient Greece, continuing through the 17th-century French mathematicians Pascal and Fermat and up to modern chaos theory. Along the way he demonstrates that understanding risk underlies everything from game theory to bridge-building to winemaking. ... Read more

Reviews (111)

5-0 out of 5 stars No Risk here, The Odds areYou'll love it.
i'm very much a novice in the study of risk and probabilities; however, I've been lucky enough to come across some excellent business oriented books - but in actuality and thankfully far more philosophical than financial - (Fooled by Randomness for instance) lately that have done a masterful job of presenting this seemingly dry subject in a very fascinating way. Bernstein has probably written the quintessential historical study on Risk and Probability with this volume. It is filled with interesting details of the human qualities and quirks of the mathematicians and philosophers that investigated the problems of probablity and explains the mathematics involved with lucidity and wit. The book follows a chronological approach; however, it's also thematic to show the evolution of the subject of risk management and the influence of other sciences on it - such as evolution. Those that refuse to accept the idea that markets remain unpredictable despite the development of modern risk control mechanisms like derivatives, computer modelling, and modern financial instruments will find this book frustrating. Those who want a wquick fix investment solutions guide will be even angrier and will nort find anything useful here. This book belongs in the philosophy of science and History of Ideas sections far more than the business dept. Nonetheless, the serious and thoughtful investor is advised to read this book carefully. as someone who's lost in the stock markets himself the Bernstein's book can reduce the sting of the loss and impart some well needed wisdom. I no longer invest but I loved this book all the same.

4-0 out of 5 stars Long on history, but short on risk management strategy
The title of my review is aimed at warning those expecting to find a risk management manual in this book that they will be disappointed. So will those who expect to find the links between the evolution modern statistics and acturial science to the rise of insurance markets and risk management instruments which have proliferated in this century. Many other books quite ably cover these interesting topics.

Instead, the author provides a broad sweeping history of how modern statistics evolved and which answers some questions of why it took so long for modern risk management institutions to emerge. Ancient Greeks, among others, who appeared to be within easy reach of developing statisical theory, nonetheless relegated their fate to the whims of gods, rather than making them amenable to analysis with probabilities and actuarial tables. Tracing modern risk management from the time of Jacob Bernoulli's attempt to develop probabilities from sample data, the author also shows how a knowledge of probabilities can ultimately generate value. QUOTE Reality is a series of conneceted events, each dependent on another, radically diffeent form games of chance in which the outcome of any single throw has zero influence on the outcome of the next throw UNQUOTE The book closes with risk management innovations that followed the emergence of financial volatlity in the 1970s.

Ultimately, this book may be of less interest to statisticians and investment professionals, other than those who have a curious interest in how today's highly developed set of instruments, institutions, and policies around risk came about from the foundations provided in statistical theory.

3-0 out of 5 stars History Buffs: Here you go!
Against the Gods draws you through a vast time span. Peter Bernstein begins with the conception of the Arabic numbeting system, up through present time super speed computers. Although, the history found in this book is interesting, the title leads you to believe it is all about investment risks, however it is more of a history text book than a manual. This book is a story of theories and how they developed. You will learn quite a bit about ancient times and how things evolved into the way that they are now, but do not expect any great help or advice on how to deal with risks in the investment world. Once you get into this book, Bernstein's writing sytle draws you in. The book is interesting enough, Bernstein's knowledge of hisotry is astounding. History Buffs: here ya go!

4-0 out of 5 stars Good outline of the history of risk
"Against the Gods" is a book outlining the history of risk. The book provides an outline of all the key players and their contribution to risk theory and management. Chronologically, the book begins in ancient times and stretches all the way to the present, where Bernstein delves into the works of modern day risk luminaries. The book is well written and the style is engaging, with the author always managing to find a way to keep the reader entertained as well as informed.

The book does not pretend to be a "how to" guide for risk management, nor should readers treat it as such. Although the book does discuss modern risk management tools such as derivatives, it is devoid of complex technical analysis and its treatment of such devices is limited to outlining their place in the history of risk. Those looking for technical trading analysis should seek elsewhere.

One of the key questions a potential reader of this book should be asking is "Does this book have any practical applications with regards to modern day risk management?" Whilst as mentioned above the book is not a step by step guide, I firmly believe the book is useful insofar as it enables the reader to avoid the pitfalls of the past. For example, capital markets are continually surprising those who hold an unwavering belief in "regression to the mean". The books provides an explanation of what this theory states, how it has been applied and where overzealous disciples have misused this principle in the past. Overall I would recommend this book as an informative and enjoyable read.

3-0 out of 5 stars Neutral Recommendation - Do Not Buy - Maybe Borrow
I am going to give you a short review and to the point.

I read this book because it was recommended on "Money Talk" the national radio show on every weekend for 6 hours on investing - Bob Brinker hosting. He is an excellent market timer and gives solid advice. Follow his (diversified investment) advice and you will make lots of money and unlike mutual funds do better than the S&P 500 with low expense ratios.

He had a recommended reading list and he named this book. The book is a disappointment. It is light weight stuff. Only part is on the markets. Frankly I cannot recommend the book.

The point of the book is that the market carries risk. Most people know that and never put more than 4% in one stock. Even Bill Gates knows that and has quietly converted some of his Microsoft stock into other areas. So skip the book and just invest in government backed instruments or follow the golden rule, no more than 4% in one stock.

Jack in Toronto ... Read more


115. Principles of Managerial Finance, Brief (3rd Edition)
by Lawrence J. Gitman
list price: $105.20
our price: $105.20
(price subject to change: see help)
Asin: 0201784807
Catlog: Book (2002-07-30)
Publisher: Addison Wesley
Sales Rank: 48161
US | Canada | United Kingdom | Germany | France | Japan

116. An Introduction to Derivatives and Risk Management
by Don M. Chance
list price: $133.95
our price: $128.95
(price subject to change: see help)
Asin: 032417800X
Catlog: Book (2003-07-21)
Publisher: South-Western College Pub
Sales Rank: 218045
Average Customer Review: 4.75 out of 5 stars
US | Canada | United Kingdom | Germany | France | Japan

Book Description

A market leader, this book has detailed but flexible coverage of options, futures, forwards, swaps, and risk managementas well as a solid introduction to pricing, trading, and strategy allowing readers to gain valuable information on a wide range of topics and apply to situations they may face. ... Read more

Reviews (4)

5-0 out of 5 stars A Must Have
If you are a student just taken up a course in derivatives or risk management you should have this book. if you find john hull more technical, you have Don Chance who covers options and other derivatives in a greater detail and in more words. everything you want to know about how banks etc have risk mangaement systems in place and market risk instruments is here.

in case you want a greater coverage of options and pricing options, you should definatly take a look at Black Scholes and Beyond by Neil Chriss, a work of art.

5-0 out of 5 stars Excellent book for concepts
This is an excellent book for non finance majors who would like to grasp the physical concepts behind different derivatives products traded in the OTC markets. The book is ideal for a preperation read for all aspiring to take Financial Engineering / Derivatives as majors in graduate programs.

5-0 out of 5 stars An excellent books for Derivatives concepts.
If you are interested in the basic concepts governing derivatives without getting into the mathematics of it then this is the ideal book. I recommend this book for any one who is contemplating taking Derivatives as an advanced level course. The book would give a solid foundation to the concepts of risk management.

4-0 out of 5 stars Understanding Option Theories
This is a wonderful book to have on your shelf for any finance major looking for an understanding of options, futures, and other types of contracts sold in the OTC and exchange markets. The text is fairly easy to follow and provides good examples to help students understand the theories behind option and future markets.

However, I do not feel that this book is for just anyone. Without some financial background I think that this book can be difficult to follow. It is hard to understand the mathmatics behind the theories presented in the text. The diskette is also somewhat disappointing as an aid for understanding the material. The disk only gives Excel generated financial models that you find in the book such as the Black-Shcoles pricing model.

With a good professor, this is a wonderful aid in constructing a foundation for option investing and pricing. And even giving some of its downfalls I would still recommend buying this book. ... Read more


117. Cost Management: Accounting & Control
by Don R. Hansen, Maryanne M. Mowen
list price: $134.95
our price: $134.95
(price subject to change: see help)
Asin: 0324069731
Catlog: Book (2002-02-21)
Publisher: South-Western College/West
Sales Rank: 56907
Average Customer Review: 5 out of 5 stars
US | Canada | United Kingdom | Germany | France | Japan

Book Description

Cost Management: Accounting and Control emphasizes that changing conditions often require a change in cost management systems.Emphasizing this point stresses the dynamic and exciting nature of the field. ... Read more

Reviews (2)

5-0 out of 5 stars Great Condition
the book was just like brand new, no underlining, no torn pages etc. the book is great

5-0 out of 5 stars Graduate Accounting ARGHHH!!!
Pretty good book that explains complex subject matter in an easy to understand manner. MBA students without an accounting background can easily comprehend the concepts presented. The only fault I found is that sometimes the authors get too wordy trying to make their point. One of the best accounting textbooks I've used in my educational career. ... Read more


118. Hedge Funds : Quantitative Insights (The Wiley Finance Series)
by Fran├žois-SergeLhabitant
list price: $110.00
our price: $69.30
(price subject to change: see help)
Asin: 047085667X
Catlog: Book (2004-07-09)
Publisher: John Wiley & Sons
Sales Rank: 70902
US | Canada | United Kingdom | Germany | France | Japan

Book Description

"An excellent and comprehensive source of information on hedge funds! From a quantitative view Lhabitant has done it once again by meticulously looking at the important topics in the hedge fund industry. This book has a tremendous wealth of information and is a valuable addition to the hedge fund literature. In addition, it will benefit institutional investors, high net worth individuals, academics and anyone interested in learning more about this fascinating and often mysterious world of privately managed money. Written by one of the most respected practitioners and academics in the area of hedge funds." -Greg N. Gregoriou, Professor of finance and research coordinator in the School of Business and Economics at Plattsburgh State University of New York.

"This is a landmark book on quantitative approaches to hedge funds. All those with a stake in building hedge fund portfolios will highly profit from this exhaustive guide. A must read for all those involved in hedge fund investing."-Pascal Botteron, Ph.D., Head of Hedge Fund Product Development, Pictet Asset Management

"François-Serge Lhabitant's second book will prove to be a bestseller too - just like Hedge Funds: Myths and Limits. He actually manages to make quantitative analysis 'approachable'- even for those less gifted with numbers. This book, like its predecessor, includes an unprecedented mix of common sense and sophisticated technique. A fantastic guide to the 'nuts and bolts' of hedge fund analysis and a 'must' for every serious investor."-Barbara Rupf Bee, Head of Alternative Fund Investment Group, HSBC Private Bank, Switzerland

"An excellent book, providing deep insights into the complex quantitative analysis of hedge funds in the most lucid and intuitive manner. A must-have supplement to Lhabitant's first book dealing with the mystical and fascinating world of hedge funds. Highly recommended!"-Vikas Agarwal, Assistant Professor of Finance, J. Mack Robinson College of Business, Georgia State University

"Lhabitant has done it again! Whereas most books on hedge funds are nothing more than glorified marketing brochures, Lhabitant's new book tells it how it is in reality. Accessible and understandable but at the same time thorough and critical."-Harry M. Kat, Ph.D., Professor of Risk Management and Director Alternative Investment Research Centre, Cass Business School, City University

"Lhabitant's latest work on hedge funds yet again delivers on some ambitious promises. Successfully bridging theory and practice in a highly accessible manner, those searching for a thorough yet unintimidating introduction to the quantitative methods of hedge fund analysis will not be disappointed."-Christopher L. Culp, Ph.D., Adjunct Professor of Finance, Graduate School of Business, The University of Chicago and Principal, Chicago Partners LLC ... Read more


119. Introduction to the Mathematics of Financial Derivatives
by Salih N. Neftci
list price: $71.95
our price: $64.95
(price subject to change: see help)
Asin: 0125153929
Catlog: Book (2000-04)
Publisher: Academic Press
Sales Rank: 19911
Average Customer Review: 3.81 out of 5 stars
US | Canada | United Kingdom | Germany | France | Japan

Book Description

This popular text, publishing Spring 1999 in its Second Edition, introduces the mathematics underlying the pricing of derivatives. The increase of interest in dynamic pricing models stems from their applicability to practical situations: with the freeing of exchange, interest rates, and capital controls, the market for derivative products has matured and pricing models have become more accurate. Professor Neftci's book answers the need for a resource targeting professionals, Ph.D. students, and advanced MBA students who are specifically interested in these financial products. The Second Edition is designed to make the book the main text in first year masters and Ph.D. programs for certain courses, and will continue to be an important manual for market professionals. ... Read more

Reviews (48)

5-0 out of 5 stars The best intro book ever!
Students of derivative pricing techniques are often in a dilemma: Coming from their MBA or undergrad course, they have just build a "brealy-myers" type of intuition on options. Moving towards Hull then allows a deeper understanding. But any serious (eg PhD, Wall Street Analyst) student of derivatives needs to undertstand the math behind modern derivatives pricing. Essentially, this research divides into two streams: Solving Partial differential equations and developing equivalent Martingales. Without a rigorous pre-education (Maths, Physics), most students fail to understand (let alone learn to use) these methods. Nefci is the only book that does not assume lots of prior knowledge, as compared to Merton (1992) or Duffie (who is so bold to write "for mathematical preparation little beyong undergraduate analysis...is assumed" -ask PhD Students how easy this book reads! The answer is its tough!!). In Short, Neftci's book is a true blessing for all "normal" people. Can't wait to get the second edition!

3-0 out of 5 stars Good explanations, with serious hand-waving
I used this book to teach a Financial Mathematics course, and found its explanations to be generally clear and good. However, part of the reason the text seems so clear is that it doesn't explain much of what's really going on. It covers the right material, but not really in such a way that the reader can then go on to apply the knowledge gained.This is evidenced by the complete (and almost unforgiveable) lack of exercises in the book. It is very easy to feel you understand this sort of material, only to be completely lost when you actually have to solve a problem. Neftci will not help in this regard. I understand that it is difficult to create good exercises, but their absence almost makes me wonder if Neftci realized he was not explaining things in enough detail to let the student actually work with the knowledge. Exercises are the only way to really learn this subject.A basic problem with all these texts is that, try as they might, they cannot impart true understanding unless the student can grasp real analysis at, say, an undergraduate level typically reached by students at a good engineering school. This text tries to avoid the problem by failing to mention any of the analysis...that's not likely to work.

4-0 out of 5 stars Good Book
I've read Hull, Wilmott and Baxter books but definitely like this book better - particularly for entry (but not easy) level derivative math. Can't say much since English is not my first language. But if you want to learn about Derivative Math and don't have strong background in Math (I'm a Porfolio Manager and have pretty good background in Calculus, Differential Equation, Econometrics) this book is certainly worth considering. I give 4 stars due to the lack of practice problems.

4-0 out of 5 stars Good book for the right audience
It is amazing that people are not willing to take it what it is, an 'introduction' to mathematics of financial derivatives. The 'reader from New York' of 'notation challenged' seemed to have wanted a rigourous treatment of SDE, yet is sorely disappointed not to find it in this book. IMO it gives an extremely clear exposition of the various tools of SDE and having read it has allowed me to progress to books in which mathematical rigor is stressed over intuition. So in a nutshell this book achieved its stated goal of offering an intuitive and heuristic explanation of mathematics of derivatives to the novices taking their first steps in the financial engineering land.

1-0 out of 5 stars Notation Challenged
As Yogi might have said: "If you understand this book, you don't need this book.".

If you have a good grip on the industry conventions relative to notation, and have seen the material before, you might understand this book. If not, you won't.

Notation is: 1) frequently wrong; 2) used inconsistently; 3) used out of context (i.e., without foundation); 4) glued in as a concluding argument in a logically non-convex way.

The absence, misuse, abuse of time subscripts makes some of the arguments incomprehensible.

Some arguments pursue a change of reasoning in probability space, then make a jump to an S.D.E. with industry standard notation, but so far out of scope, that the connections are not clear. As one example, if you: 1) know the underlying S.D.E., and if you ; 2) understand the connection between risk-neutral probability and risk-free measure , and if you; 3) understand why a state variable is allowed to commute through an expectations operator because it is no longer stochastic (though why that might be so is not explained), then you will have a chance of understanding the author's argument connecting the transformation of synthetic probabilities to a standard S.D.E.

Some words are capitalized to emphasize, rather than being defined. Sort of like going to a foreign country and shouting more loudly as a communication strategy ... Read more


120. Mergers, Acquisitions, and Other Restructuring Activities, Second Edition
by Donald DePamphilis
list price: $99.95
our price: $99.00
(price subject to change: see help)
Asin: 0122095529
Catlog: Book (2002-12)
Publisher: Academic Press
Sales Rank: 113999
Average Customer Review: 5 out of 5 stars
US | Canada | United Kingdom | Germany | France | Japan

Book Description

This second edition is written readers who crave real world learning. Professor DePamphilis has filled this book with updated cases and grounded models which reflect the theoretical underpinnings of the field. Expanded usage of "key idea" section headings enable the student to understand more easily the key point in each section of each chapter. Chapter 5 provides a detailed listing of questions commonly used to evaluate target firms doing due diligence.A primer on using financial ratios in Chapter 8 has been extended to include a convenient summary of commonly used financial ratios and suggestions as to how they may be used to evaluate target firms.The accompanying CD includes a set of Excel spreadsheets that supplements Chapter 8.

An Instructor's manual, available on the web, contains suggested learning objectives, chapter presentations for creating lectures or providing students with study guides, more than 750 test questions and answers (including true/false, multiple choice, essay questions, and practice problems), and solutions to all chapter business case studies in the book. The manual also contains detailed course syllabi that have been used extensively for both undergraduate and graduate classes and suggested ways for teaching the materials.

Includes 18 new case studies; all 70 cases have been updated

Instructor's Manual available on the web; includes practice problems and solutions

Accompanying CD includes a set of Excel spreadsheets that will supplement Chapter 8
... Read more

Reviews (9)

5-0 out of 5 stars Includes great M&A modeling software
This book takes the mystery out of M&A financial modeling and structuring deals. Many books on the subject seem to take a "black box" approach to how to do deal structuring and valuation. The author discusses in plain language how to do valuation, simulation, and deal structuring using financial models and how to use such models to select the best offer price for a target firm. The book includes detailed discussions of tax, accounting, and alternative deal structures.

The CD accompanying the book contains an Excel spread sheet model that can be modified to fit the unique circumstances of any transaction. This alone justifies buying the book, in my opinion.

The book also provides keen insights into how M&A can be used to implement business plans, how to identify potential target firms, strategies for contacting potential targets, and how to draw up initial documents such as confidentiality agreements and letters of intent. The book is highly comprehensive covering virtually all topics necessary to understanding the M&A process.

For the money, it is the best book on the subject, up-to-date, complete, and highly readable. If you have a serious interest in the subject, this is an important book to add to your library.

5-0 out of 5 stars Outstanding treatment of technical/non-tech.aspects of M&A
Unlike many other treatments of this subject, this text discusses M&A in the context of a process or framework. The author takes great pains to show how all M&A related activities interact. The text discusses both technical (e.g., valuation, accounting, and tax issues) and non-technical (e.g., strategy development, identifying potential targets, initial contact, negotiation, and integration) issues. The book does an excellent job of talking about alternatives to M&A for executing strategies, including alliances, joint ventures, partnerships, etc.

Numerous recent case studies illustrate various concepts and situations. The coverage of laws affecting different types of business combinations, of accounting standards applicable to M&A, and of relevant tax considerations is both current and excellent. The book also contains useful checklists to facilitate implementing transactions. The book is also chock full of helpful insights and hints of what to look for and how to avoid the traps that often accompany different types of transactions.

The book also contains an excellent discussion of other ways to enhance shareholder value. These include spin-offs, divestitures, carve-outs, bust-ups, and bankruptcy.

The book is highly practical and well-documented and could be viewed as a handbook on how to use M&A (or alternatives to M&A) to execute business stratgies. I think the book is an indispensable reference for accountants, lawyers, investment bankers, CFOs, and others involved in making transactions happen.

5-0 out of 5 stars Thoughtful, Stimulating, and Enjoyable
This book is very well written...packed full of helpful information on M&A. The author's use of short cases to illustrate key points was most helpful. I found the down to earth discussion of how to put deals together very clear. I particularly enjoyed the fact that the scope of the book included an extensive discussion of alternative strategies such as JVs to mergers and acquisitions. The author also managed to include an exceedingly large number of case studies in the book, many of which were international transactions. Good book, good read. I highly recommend it.

5-0 out of 5 stars Great M&A, Valuation, and Modeling Book
While this book covers all aspects of how to do a deal, the chapters on valuation, deal structuring, and financial modeling are by far the most lucid I have seen. The Excell spread sheet model on the CDROM accompanying the book provides incredibly helpful insight into how purchase price strategies are developed. The reader can review all of the underlying formulas enabling them to modify the model or to develop their own. Moreover, the model provides the reader with unusal insight in how all valuation, tax, accounting, and synergy considerations converge and interact to affect price. Overall, the book is very well written, clear, and supported.

5-0 out of 5 stars Winning book, winning software
I loved this book. It managed to treat a highly complex subject in an understandable fashion. The author makes use of detailed examples (alright, sometimes too detailed) and explanations to ensure the reader is able to understand important points. The book is sprinkled with short business cases to illustrate key points and concepts. The author removes successfully the shroud of mystery that seems to envelope some books on this subject, namely with many authors it is unclear how they arrived at a particular conclusion. This book also does a great job of documenting observations and conclusions. The reader is given the opportunity to review additional resources if he (she) is interested in drilling down in more detail on a single subject.

The author also gives the reader incredible insight into M&A model building, providing detailed excel spreadsheets containing the underlying formulae needed to value transactions and determine financing feasiblity. I was able to alter many of the model's formulas to meet my own requirements. This model saved me many hours of painstaking work that I would have had to undertake in its absence.

While book contains cases desribing virtually all major transactions during the last decade, it is a little light in its discussion of international transactions. The major ones are covered such as Vodafone and Mannesmann, but I would have like to see a broader cross section of international transactions covering more industries. However, this would add substantially to the book's length. Given the author's writing and organizational skills, I would like to see a book focused totally on interantional transactions by him.

All in all, the book is well worth the price. In fact the software alone on the CD ROm may be worth the price. ... Read more


101-120 of 200     Back   1   2   3   4   5   6   7   8   9   10   Next 20
Prices listed on this site are subject to change without notice.
Questions on ordering or shipping? click here for help.

Top