Economy & Finance

Form an effective business plan for ventures and expansions using proven methodologies and practical resources.

Master the lucrative discipline of quantitative trading with this insightful handbook from a master in the fieldIn the newly revised Second Edition of Quantitative Trading: How to Build Your Own Algorithmic Trading Business, quant trading expert Dr. Ernest P. Chan shows you how to apply both time-tested and novel quantitative trading strategies to develop or improve your own trading firm.You'll discover new case studies and updated information on the application of cutting-edge machine learning investment techniques, as well as:* Updated back tests on a variety of trading strategies, with included Python and R code examples* A new technique on optimizing parameters with changing market regimes using machine learning.* A guide to selecting the best traders and advisors to manage your moneyPerfect for independent retail traders seeking to start their own quantitative trading business, or investors looking to invest in such traders, this new edition of Quantitative Trading will also earn a place in the libraries of individual investors interested in exploring a career at a major financial institution.

Free market, competitive capitalism is dead. The separation between politics and economics can no longer be sustained.

Consensus-shattering account of automation technologies and labour-market malfunctions.

Over the past century, if the wealthiest families had spent a reasonable fraction of their wealth, paid taxes, invested in the stock market, and passed their wealth down to the next generation, there would be tens of thousands of billionaire heirs to generations-old fortunes today. The puzzle of The Missing Billionaires is why you cannot find one such billionaire on any current rich list. There are a number of explanations, but this book is focused on one mistake which is of profound importance to all investors: poor risk decisions, both in investing and spending. Many of these families didn't choose bad investments- they sized them incorrectly- and allowed their spending decisions to amplify this mistake.The Missing Billionaires book offers a simple yet powerful framework for making important lifetime financial decisions in a systematic and rational way. It's for readers with a baseline level of financial literacy, but doesn't require a PhD. It fills the gap between personal finance books and the academic literature, bringing the valuable insights of academic finance to non-specialists.Part One builds the theory of optimal investment sizing from first principles, starting with betting on biased coins. Part Two covers lifetime financial decision-making, with emphasis on the integration of investment, saving and spending decisions. Part Three covers practical implementation details, including how to calibrate your personal level of risk-aversion, and how to estimate the expected return and risk on a broad spectrum of investments.The book is packed with case studies and anecdotes, including one about Victor's investment with LTCM as a partner, and a bonus chapter on Liar's Poker. The authors draw extensively on their own experiences as principals of Elm Wealth, a multi-billion-dollar wealth management practice, and prior to that on their years as arbitrage traders- Victor at Salomon Brothers and LTCM, and James at Nationsbank/CRT and Citadel.Whether you are young and building wealth, an entrepreneur invested heavily in your own business, or at a stage where your primary focus is investing and spending, The Missing Billionaires: A Guide to Better Financial Decisions is your must-have resource for thoughtful financial decision-making.

Moo's Law is the latest title from successful investor Jim Mellon, to help readers understand the investment landscape in cultivated and plant-based proteins and materials.Jim has a vision that within the next couple of decades world agriculture will be radically transformed by the advent of cultivated meat technology. This book grounds the reader in why such an advancement is absolutely necessary and informs them of the investments they could make to become part of the New Agricultural Revolution themselves. The harrowing effects on our environment, animal cruelty in food and fashion, and the struggling ability to feed the world's ever-growing population gives us no choice but to grow meat in labs or derive our proteins from plant-based sources.Not only this, he outlines what he sees as the major hurdles to the industry's success in terms of scalability of production and the smart designing of regulatory frameworks to stimulate innovation in this sector.The future of food is being developed in labs across the world - it will be cleaner, safer, more ethical and, importantly soon, cheaper too! Once price parity with conventional meats is reached, there will be no turning back -- this is Moo's Law(TM).

Pete Buttigieg demonstrates how a breakdown of trust has been central to our nation's current predicament-and how our future depends on finding ways to restore confidence in the American project, and in each other.

In Common Sense, the New York Times best-selling author Joel Greenblatt offers an investor's perspective on building an economy that truly works for everyone. With dry and self-deprecating wit, he makes a lively and provocative case for disruptive new approaches.

An intimate glimpse into the world of the financial and political elites and their unique network of personal relationships

Demystify real estate investment trusts with this masterful guide from an industry expert.In The Intelligent REIT Investor Guide, author Brad Thomas walks you through both basic and advanced topics in the profitable, sustainable world of real estate investment trusts. From historical industry performance to the equations needed to calculate key metrics in REIT stocks, this book covers the history, vocabulary, principles, and analysis you'll need to invest wisely in this growing asset class. Find out how you can strengthen your investment decisions and conclusions with publicly traded REITs in the short- and long-terms alike.With this book you'll:* Understand exactly what REITs are, how they work, and why they've achieved such impressive historical returns* Discover how REITS have performed over the decades up against other asset classes* Compare and contrast the various subsectors - such as residential, retail, office, healthcare, self-storage, lodging, technology, and more - to understand which ones can work better in your personal portfolio.Perfect for personal and professional investors alike, The Intelligent REIT Investor Guide is an invaluable guide to a crucial asset class that is often overlooked or poorly understood despite its undeniable impact on portfolios over the past 60 years.

Master the navigation of private equity deals from sourcing to exit with this comprehensive guideThe Private Equity Toolkit: A Step-by-Step Guide to Getting Deals Done from Sourcing to Exit offers readers the first complete guide to executing a private equity deal from start to finish. Written by an accomplished professional with twenty years of experience in the private equity space, this book is perfect for current private equity analysts and associates, as well as business students and professionals seeking to enter the private equity field.This book covers every stage of the private equity process, from sourcing the deal to company exit. It provides a systematic overview of how to:* Originate attractive investment opportunities;* Generate superior deal insights;* Form effective working relationships with management teams;* Add value on portfolio company boards; and* Achieve profitable investment exits.The Private Equity Toolkit equips its readers with actionable frameworks and proprietary tools that can be applied on a daily basis in the private equity industry. The content found within is designed to be current and helpful for years to come and appeals to a global audience.

Real statistical problems are complex and subtle. This text is about using regression to solve real problems of comparison, estimation, prediction, and causal inference, based on real stories from the authors' experience. It offers practical advice for understanding assumptions and implementing methods through graphics and computing in R and Stan.

Diversify your portfolio with gold and silverInvesting and trading in gold and silver is always a sound idea--and that goes double in a time of unusual market fluctuation. As people look for safe places to diversify their investment risk, you'll likely see the value of your investment go up where other stocks are vulnerable. Gold and silver saw increases in value of 16% and 15% respectively in 2019--putting them among the top ten most desirable commodities out there--and are projected to experience even more of a bear market as the dollar wobbles in an uncertain post-COVID world. This year, 2020, gold and silver are set up to have their best year of price appreciation over the past 40+ years.Written in an easy-to-follow, no-jargon style by CFP and bestselling author, Paul Mladjenovic, Investing in Gold & Silver For Dummies explains the different complex processes and vehicles for buying gold and silver. You'll find out the best ways to add these to your portfolio, how to balance risk and reward, and how to adapt time-tested investing plans and strategies to your goals.* Identify your goals and form a plan* Buy gold and silver safely to diversify your portfolio* Use ETFs and options to profit from market ups and downs* Understand when a gold and silver investment is legitimate* Use technical analysis to time your market entriesWhatever your current familiarity with gold and silver, this book gives you the extra expert knowledge you need navigate your gold and silver investment portfolio safely through a bear or bull market.

Learn to invest in REITs with confidence and skill with this powerful resourceEducated REIT Investing is the ultimate resource for investors, financial advisors, and students interested in learning how to invest in real estate investment trusts (REITs)--one of the only asset classes to significantly outperform the S&P 500 Index over the last 25 years.Written by Stephanie Krewson-Kelly and Glenn R. Mueller, PhD., both accomplished REIT authors and investors with six decades of accumulated industry experience between them, Educated REIT Investing provides all the basics and history, then blends pragmatic strategies and advice with a thorough exploration of the fundamentals and nuances of the REIT industry.Topics include:* Basic information about REITs and the REITs industry* Terminology specific to the REIT industry, explained in plain-English* Historical REIT industry performance tables and trading perspectives* Analysis and equations needed to calculate key metrics used to identify the suitability of companies for investment purposes, illustrated with simple examplesThis book is perfect for anyone looking for a straightforward, easy-to-understand resource to establish or improve their understanding and analysis of real-estate investment trusts.

An analysis of the inescapable fact that Generation Y (and subsequent generations) will be poorer than their parents, and how we should pursue other economic paths.