Economy & Finance

Fascinating insights into the hedge fund traders who consistently outperform the markets, in their own words From bestselling author, investment expert, and Wall Street theoretician Jack Schwager comes a behind-the-scenes look at the world of hedge funds, from fifteen traders who've consistently beaten the markets.

Learn what financial advisors don't want you to know! Robert's rich dad often told him: "The faster your money moves, the higher the returns and the lower your risk." Conventional financial wisdom recommends that you save money and invest for the long term. In other words: park your money. That was not rich dad's advice. He taught Robert to increase the velocity of my money. And, even if you start small, it's advice that anyone can follow and benefit from.

A simple distillation of modern value investing principles. It is suitable for serious investors from the fourth grade on up.

The four essays in this volume examine the most central issues that face liberal democratic regimes. They tackle the protection of individual liberty, the basic principles of ethics, the benefits and the costs of representative institutions, and the central importance of gender equality in society.

In The Little Book of Big Dividends, dividend stock expert Chuck Carlson presents an action plan for dividend-hungry investors. You'll learn about the pitfalls, how to find the opportunities, and will learn how to construct a portfolio that generates big, safe dividends easily through the BSD (Big, Safe Dividends) formula.

Investigating the flip side of economic self-interest, this title advances ideas about conscience, moral judgement and virtue that have taken on the importance in business and politics.

An accessible guide to the essential issues of corporate finance While you can find numerous books focused on the topic of corporate finance, few offer the type of information managers need to help them make important decisions day in and day out.

This book deals with the key techniques and approaches that can be used to estimate the cost-effectiveness of health care interventions. It is a practical guide, using examples and encouraging the reader to apply the methods. A supporting website is available.

"Once I picked it up I did not put it down until I finished... What Schwed has done is capture fully-in deceptively clean language-the lunacy at the heart of the investment business.

The Five Rules for Successful Stock Investing "By resisting both the popular tendency to use gimmicks that oversimplify securities analysis and the academic tendency to use jargon that obfuscates common sense, Pat Dorsey has written a substantial and useful book. His methodology is sound, his examples clear, and his approach timeless.

The Commission was created by the UN in 1983 to formulate new proposals to deal with the important issues of environmental development facing the world. The Commission's findings are presented in this book.

The insider secret behind the world's leading CEOs: this is McKinsey's invite-only Bower Forum - distilled into a leadership masterclass.

Updated edition of the definitive guide to investment valuation tools and techniques Investment Valuation: Tools and Techniques for Determining the Value of Any Asset delves into valuation techniques for a variety of different asset classes, including real options, start-up firms, unconventional assets, distressed companies and private equity, real estate, and many more, and explains how to choose the right model for any given asset valuation scenario. The models are presented with real-world examples so as to capture some of the problems inherent in applying these models, with discussion of differences and common elements between the models to provide readers with a holistic understanding of the subject matter. Written by a professor of finance who is widely regarded as one of the best educators and thinkers on the topic of investment valuation, this newly revised and updated Fourth Edition explores topics including: Understanding financial statements, the basics of risk, and tests and evidence for market efficiency Estimating risk parameters and costs of financing, terminal value, and equity value per share Using scenario analysis, decision trees, and simulations for probabilistic approaches in valuation Investment Valuation: Tools and Techniques for Determining the Value of Any Asset is an essential resource for all investors and students of financial markets seeking an all-in-one guide to expand their valuation knowledge and make better investment decisions.

Gain a complete understanding of the core concepts, frameworks and strategies of enterprise risk management with this comprehensive text for students and risk professionals.

2023 edition completely revised and updatedUnlock the World of Options Trading with Our Comprehensive GuideAre you ready to take control of your financial future? Dive into the world of options trading with our comprehensive guide. Discover the secrets to success and unlock your potential with this essential resource.Key Highlights: Master the Basics: Understand the fundamentals of options trading, from the very definition to the tools required to get started.Risk Management: Learn how to mitigate risks and safeguard your investments, ensuring you make informed decisions at every turn.Cutting-Edge Software: Explore the software and platforms that streamline your trading journey, making the complex world of options accessible to all.Trading Techniques: Dive deep into the core trading techniques that set you on a path to financial independence.Day Trading Mastery: Unveil the art of day trading and seize opportunities as they arise in the dynamic options market.Analytical Insights: Explore both fundamental and technical analysis, giving you the edge in making informed trading decisions.Find Your Niche: Identify your trader personality and discover which strategies align with your strengths.Pitfalls to Avoid: Learn from common mistakes, so you can navigate the market with wisdom and precision.Advanced Strategies: Elevate your skills with advanced trading strategies that maximize your returns.Risk Management: Understand how to protect your investments and manage risk effectively.Deep Dive into Technical Analysis: Harness the power of technical analysis to gain insights into market trends and price movements.Options Greeks and Volatility: Gain a profound understanding of the factors that influence options pricing and volatility.Trading Psychology: Master the mindset of a successful trader and harness the power of discipline.Real-Life Case Studies: Explore real-world examples to see these strategies in action.Tax Implications: Learn how to navigate tax regulations and maintain a record of your trades.Global Opportunities: Discover the exciting world of international options markets and the unique opportunities they offer.Extensive Legend of Terms: A comprehensive glossary covering all the essential options trading terminology.FAQ: Answers to your most pressing questions to keep you on the right track.Unleash your potential in the options market and secure your financial future. Whether you're a beginner or an experienced trader, this guide is your roadmap to success. Don't miss out on the opportunity to transform your financial journey. Get your copy today!

As European empires crumbled in the 20th century, the power structures that had dominated the world for centuries were up for renegotiation. Yet instead of a rebirth for democracy, what emerged was a silent coup - namely, the unstoppable rise of global corporate power. Exposing the origins of this epic power grab as well as its present-day consequences, Silent Coup is the result of two investigative journalist's reports from 30 countries around the world. It provides an explosive guide to the rise of a corporate empire that now dictates how resources are allocated, how territories are governed, and how justice is defined.

A major new translation of the explosive book that transformed our world Karl Marx (1818-1883) was living in exile in England when he embarked on an ambitious, multivolume critique of the capitalist system of production. Though only the first volume saw publication in Marx's lifetime, it would become one of the most consequential books in history. This magnificent new edition of Capital is a translation of Marx for the twenty-first century. It is the first translation into English to be based on the last German edition revised by Marx himself, the only version that can be called authoritative, and it features extensive commentary and annotations by Paul North and Paul Reitter that draw on the latest scholarship and provide invaluable perspective on the book and its complicated legacy. At once precise and boldly readable, this translation captures the momentous scale and sweep of Marx's thought while recovering the elegance and humor of the original source. For Marx, our global economic system is relentlessly driven by "value"--to produce it, capture it, trade it, and most of all, to increase it. Lifespans are shortened under the demand for ever-greater value. Days are lengthened, work is intensified, and the division of labor deepens until it leaves two classes, owners and workers, in constant struggle for life and livelihood. In Capital, Marx reveals how value came to tyrannize our world, and how the history of capital is a chronicle of bloodshed, colonization, and enslavement. With a foreword by Wendy Brown and an afterword by William Clare Roberts, this is a critical edition of Capital for our time, one that faithfully preserves the vitality and directness of Marx's German prose and renders his ideas newly relevant to modern readers.

Tracing the history of capitalism in England and beyond, Karl Polanyi's landmark 1944 classic brilliantly exposed the myth of laissez-faire economics. From the great transformation that occurred during the industrial revolution onwards, he showed, there has been nothing 'natural' about the market state. Instead, the economy must always be embedded in society, and human needs and relations. Witnessing the 'avalanche of social dislocation' of his time - from the Great Depression, to the rise of fascism and communism and the First and Second World Wars - Polanyi ends with a rallying cry for freedom, and a passionate vision to protect our common humanity.

Jones's Macroeconomics helps students understand our interconnected world.The COVID-19 pandemic and the shocks of the 2007-2009 global financial crisis show how linked economies have become. While continuing to feature the strongest coverage of growth in the market, Jones now examines our global, interconnected economy with examples from the COVID-19 recession, the Great Recession, and other worldwide events. Students can reinforce their understanding of key concepts through Check Your Understanding questions with rich, answer-specific feedback, written by Chad Jones himself, in the Norton Illumine Ebook.

A major reappraisal, by the Nobel-prizewinning economist, of the relationship between capitalism and freedomDespite its manifest failures, the narrative of neoliberalism retains its grip on the public mind and the policies of governments all over the world. By this narrative, less regulation and more 'animal spirits' capitalism produces not only greater prosperity, but more freedom for individuals in society - and is therefore morally better.But, in The Road to Freedom Stiglitz asks, whose freedom are we - should we be - thinking about? What happens when one person's freedom comes at the expense of another's? Should the freedoms of corporations be allowed to impinge upon those of individuals in the ways they now do?Taking on giants of neoliberalism such as Hayek and Friedman and examining how public opinion is formed, Stiglitz reclaims the language of freedom from the right to show that far from 'free' - unregulated - markets promoting growth and enterprise, they in fact reduce it, lessening economic opportunities for majorities and siphoning wealth from the many to the few - both individuals and countries. He shows how neoliberal economics and its implied moral system have impacted our legal and social freedoms in surprising ways, from property and intellectual rights, to education and social media.Stiglitz's eye, as always, is on how we might create the true human flourishing which should be the great aim of our economic and social system, and offers an alternative to that prevailing today. The Road to Freedom offers a powerful re-evaluation of democracy, economics and what constitutes a good society-and provides a roadmap of how we might achieve it.

Any Happy Returns is a sister book to The Long Good Buy, focused on longer term secular trends in economies and markets, the factors that drive them and their influence on prospective returns, for example de-globalisation, higher cost of capital, demographics, geo-politics, etc.

On title page, the letter 'i' in the word crises is represented by an exclamation point.

PRAISE FOR THE CREDIT INVESTOR'S HANDBOOK "Credit analysis is an underappreciated skill that is essential for investing a cross all asset classes, private and public. Michael's book is an incredibly detailed, step-by-step 'how-to' manual for analyzing credit investments, from performing to distressed, and understanding the complexities of the bankruptcy process." --Joyce Chang, Chair of Global Research, JP Morgan "While there are many books on investing in equities, until now, there were virtually no comprehensive books on investing in debt. The Credit Investor's Handbook fills this gap. While the book is focused on the debt markets, its analytical approach is extremely relevant to equities investors. Furthermore, Michael's use of real-life examples and humor make it an enjoyable read. The Credit Investor's Handbook is a 'must-read'for anyone pursuing a career in research, investment banking, capital allocation, and, most importantly, investing in an ever-evolving global marketplace." --Mario Gabelli, Chairman and Chief Executive Officer of Gabelli Funds "The Credit Investor's Handbook is an extraordinarily comprehensive look at credit investment strategies. It is chock full of rich examples that are bound to be useful in assessing the credit excesses that will undoubtedly unravel in the years ahead. I wish someone had handed me a copy when I came into the business." --Seth A. Klarman, CEO and Portfolio Manager, The Baupost Group "When I got my pre-publication copy of The Credit Investor's Handbook, I turned first to the chapters on distressed debt investing. I found a very helpful, logically organized introduction to the process and some fascinating 'warstories.'Like all good investment books, The Handbook doesn't purport to be a how-to that will yield easy profits, but it does a great job of explaining the elements that must be mastered." --Howard Marks, Co-Chairman, Oaktree Capital Management "Michael's excellent book, The Credit Investor's Handbook, is like a traditional bank's training program on steroids. It offers the same kind of detailed, real-life grounding in financial analysis that was critical to my early success on Wall Street. The book teaches you the practical skills needed to succeed and steers you away from academic theories that don't work in the real world of credit markets. Michael is a great teacher with the unique ability to breakdown complex analysis into simple steps, making it easy to learn. He also brings the same passion and terrific sense of humor he uses in his classroom to the pages of this textbook. I highly recommend it as a 'must-read'for all up-and-coming credit analysts." --Harvey Schwartz, CEO of the Carlyle Group