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Books > Business & Economics > Finance & accounting > Finance

Optimization Methods in Finance (Hardcover, 2nd Revised edition): Gerard Cornuejols, Javier Pena, Reha Tutuncu Optimization Methods in Finance (Hardcover, 2nd Revised edition)
Gerard Cornuejols, Javier Pena, Reha Tutuncu
R1,203 R1,021 Discovery Miles 10 210 Save R182 (15%) Shipped within 7 - 12 working days

Optimization methods play a central role in financial modeling. This textbook is devoted to explaining how state-of-the-art optimization theory, algorithms, and software can be used to efficiently solve problems in computational finance. It discusses some classical mean-variance portfolio optimization models as well as more modern developments such as models for optimal trade execution and dynamic portfolio allocation with transaction costs and taxes. Chapters discussing the theory and efficient solution methods for the main classes of optimization problems alternate with chapters discussing their use in the modeling and solution of central problems in mathematical finance. This book will be interesting and useful for students, academics, and practitioners with a background in mathematics, operations research, or financial engineering. The second edition includes new examples and exercises as well as a more detailed discussion of mean-variance optimization, multi-period models, and additional material to highlight the relevance to finance.

Bankers and Bolsheviks - International Finance and the Russian Revolution (Hardcover): Hassan Malik Bankers and Bolsheviks - International Finance and the Russian Revolution (Hardcover)
Hassan Malik
R627 R486 Discovery Miles 4 860 Save R141 (22%) Shipped within 7 - 12 working days

Following an unprecedented economic boom fed by foreign investment, the Russian Revolution triggered the worst sovereign default in history. Bankers and Bolsheviks tells the dramatic story of this boom and bust, chronicling the forgotten experiences of leading financiers of the age. Shedding critical new light on the decision making of the powerful personalities who acted as the gatekeepers of international finance, Hassan Malik narrates how they channeled foreign capital into Russia in the late nineteenth and early twentieth centuries. While economists have long relied on quantitative analysis to grapple with questions relating to the drivers of cross-border capital flows, Malik adopts a historical approach, drawing on banking and government archives in four countries. The book provides rare insights into the thinking of influential figures in world finance as they sought to navigate one of the most challenging and lucrative markets of the first modern age of globalization. Bankers and Bolsheviks reveals how a complex web of factors--from government interventions to competitive dynamics and cultural influences--drove a large inflow of capital during this tumultuous period in world history. This gripping book demonstrates how the realms of finance and politics--of bankers and Bolsheviks--grew increasingly intertwined, and how investing in Russia became a political act with unforeseen repercussions.

Real Estate Investing For Dummies (Paperback, 3rd Edition): Eric Tyson, Robert S. Griswold Real Estate Investing For Dummies (Paperback, 3rd Edition)
Eric Tyson, Robert S. Griswold
R404 R285 Discovery Miles 2 850 Save R119 (29%) Shipped within 7 - 12 working days

Everything you need to confidently make real estate part of your investing plan Do you want to get involved in real estate investing, but aren't quite sure where to start? Real Estate Investing For Dummies is your go-to resource for making sense of the subject, offering plain-English, step-by-step explanations of everything you need to know to keep yourself one step ahead of the competition. Inside, you'll discover how to overcome the challenges of the market, take advantage of the opportunities in any real estate environment including a down market and so much more. Written by industry experts Eric Tyson and Robert Griswold, this new edition of Real Estate Investing For Dummies offers proven, practical, and actionable advice for anyone who wants to invest in income-producing properties. With the help of this straightforward and time-tested information, you'll get the know-how to wisely and confidently make smart, sound, and informed real estate investing decisions that will reap big rewards. * Shows you how to make real estate part of your long-term investment plan * Provides tips on getting the best deals on financing * Offers trusted guidance on mastering the art of property valuation * Gives you access to unprecedented information on how to build wealth in any market If you want to jump into the real estate market as a first-time investor or just want to brush up on recent changes that have occurred in the field, Real Estate Investing For Dummies is an essential resource you'll turn to again and again.

Quantitative Methods for Finance (Paperback, New edition): Terry J. Watsham, Keith Parramore Quantitative Methods for Finance (Paperback, New edition)
Terry J. Watsham, Keith Parramore
R812 R688 Discovery Miles 6 880 Save R124 (15%) Shipped within 8 - 13 working days

This text explains in an intuitive yet rigorous way the mathematical and statistical applications relevant to modern financial instruments and risk management techniques. It progresses at a pace that is comfortable for those with less mathematical expertise yet reaches a level of analysis that will reward even the most experienced. The strong applied emphasis makes this book ideal for anyone who is seriously interested in mastering the quantitative techniques underpinning modern financial decision making.

Multilateral Development Banks - Governance and Finance (Hardcover, 1st ed. 2018): Ihsan Ugur Delikanli, Todor Dimitrov, Roena... Multilateral Development Banks - Governance and Finance (Hardcover, 1st ed. 2018)
Ihsan Ugur Delikanli, Todor Dimitrov, Roena Agolli
R974 Discovery Miles 9 740 Shipped within 7 - 11 working days

This book provides a comprehensive overview and insight of virtually all multilateral institutions involved in lending for international socio-economic development. The analysis covers twenty-five MDBs globally by classifying them in three groups based on geographical lending outreach. Unlike similar books and articles, which treat MDBs as banks, this book offers a novel perspective by addressing the specifics of multilateral lending institutions, revealing multiple aspects of their operations, going beyond the "bank" concept towards "knowledge bank," "change agent," and even "benchmark setter." The book reflects on the key role of most MDBs in inspiring and advancing sustainable economic development through transfer of knowledge and funding towards addressing multiple global challenges for the benefit of practitioners, consultants, government officials, borrowers, and researchers interested in MDBs.

The Mathematics of Derivatives Securities with Applications in MATLAB (Hardcover): Mario Cerrato The Mathematics of Derivatives Securities with Applications in MATLAB (Hardcover)
Mario Cerrato
R1,038 R749 Discovery Miles 7 490 Save R289 (28%) Shipped within 7 - 13 working days

Quantitative Finance is expanding rapidly. One of the aspects of the recent financial crisis is that, given the complexity of financial products, the demand for people with high numeracy skills is likely to grow and this means more recognition will be given to Quantitative Finance in existing and new course structures worldwide. Evidence has suggested that many holders of complex financial securities before the financial crisis did not have in-house experts or rely on a third-party in order to assess the risk exposure of their investments. Therefore, this experience shows the need for better understanding of risk associate with complex financial securities in the future.

The Mathematics of Derivative Securities with Applications in MATLAB provides readers with an introduction to probability theory, stochastic calculus and stochastic processes, followed by discussion on the application of that knowledge to solve complex financial problems such as pricing and hedging exotic options, pricing American derivatives, pricing and hedging under stochastic volatility and an introduction to interest rates modelling.

The book begins with an overview of MATLAB and the various components that will be used alongside it throughout the textbook. Following this, the first part of the book is an in depth introduction to Probability theory, Stochastic Processes and Ito Calculus and Ito Integral. This is essential to fully understand some of the mathematical concepts used in the following part of the book. The second part focuses on financial engineering and guides the reader through the fundamental theorem of asset pricing using the Black and Scholes Economy and Formula, Options Pricing through European and American style options, summaries of Exotic Options, Stochastic Volatility Models and Interest rate Modelling. Topics covered in this part are explained using MATLAB codes showing how the theoretical models are used practically.

Authored from an academic's perspective, the book discusses complex analytical issues and intricate financial instruments in a way that it is accessible to postgraduate students with or without a previous background in probability theory and finance. It is written to be the ideal primary reference book or a perfect companion to other related works. The book uses clear and detailed mathematical explanation accompanied by examples involving real case scenarios throughout and provides MATLAB codes for a variety of topics.

The Voice of the Rising Generation - Family Wealth and Wisdom (Hardcover): James E Hughes, Susan E. Massenzio, Keith Whitaker The Voice of the Rising Generation - Family Wealth and Wisdom (Hardcover)
James E Hughes, Susan E. Massenzio, Keith Whitaker
R696 R475 Discovery Miles 4 750 Save R221 (32%) Shipped within 7 - 12 working days

Avoid "Shirtsleeves to Shirtsleeves" by Finding Your Voice Growing up in a family with significant wealth or a family business can often feel like an exercise in silence. What should you ask? Whom should you ask? When? Is it ever right to talk about such things? The Voice of the Rising Generation speaks directly to those who find themselves living in that silence, the so-called "next generation." Great wealth or a family business can act like a "black hole," sapping the dreams and aspirations of future generations who feel that they can never measure up to the fortune's founder. This book, written by a psychologist, an educator, and a wise counselor who single-handedly changed the landscape of family wealth, diagnoses with economy and precision the cause of entitlement and dependency. It is not too much money or too few chores. It is the failure of rising generations to individuate, that is, to pursue their dreams, develop their resilience, and find their voice. Many books are addressed to parents and grandparents who worry about the effects of wealth on their descendants. Almost alone in the field, this book speaks directly to 20-, 30- and 40-somethings, encouraging them literally, giving them courage to meet the challenge of integrating wealth's power into their lives, rather than disappearing into the black hole. Readers will: * Come to understand the true causes of entitlement and dependency * Identify the psychological characteristics of the rising generation and the challenges proper to its development * Clarify their own dreams, work, and vocation * Navigate personal relationships and communication within the context of wealth * Recognize the special challenges faced when rising is delayed until mid-life. If you are a young person who is starting your life's journey and wondering about the effects of parental gifts, trusts, or a family business, this book will offer you questions, reflections, and lessons-learned to help you find your own way. If you are a parent, grandparent, elder, or mentor, The Voice of the Rising Generation can serve the young people in your life as a gift more precious than gold.

7 Steps to Wealth - The Vital Difference Between Property and Real Estate (Paperback): John L. Fitzgerald 7 Steps to Wealth - The Vital Difference Between Property and Real Estate (Paperback)
John L. Fitzgerald
R301 R218 Discovery Miles 2 180 Save R83 (28%) Shipped within 7 - 12 working days
Should We Abolish Household Debts? (Paperback): Johnna Montgomerie Should We Abolish Household Debts? (Paperback)
Johnna Montgomerie
R227 R189 Discovery Miles 1 890 Save R38 (17%) Shipped within 7 - 13 working days

We live in a culture of credit. As wages have stagnated, we've seen a dramatic surge in private borrowing across the western world; increasing numbers of households are sucked into a hopeless vortex of spiralling debt, fuelled by exploitative lending. In this book Johnna Montgomerie argues that the situation is chronically dysfunctional, both individually and collectively. She shows that abolishing household debts can put an end to austerity and to the unsustainable forward march of debt-dependent growth. She combines astute economic analysis with the elements of an accessible guide to practical policy solutions such as extending unconventional monetary policy to the household sector, providing pragmatic and affordable refinancing options, and writing off the most pernicious elements of household debt. This framework, she contends, can help us to make our economy fairer and to tackle both the housing crisis and accelerating inequality.

Principles of Commodity Economics and Finance (Hardcover): Daniel P. Ahn Principles of Commodity Economics and Finance (Hardcover)
Daniel P. Ahn
R701 R594 Discovery Miles 5 940 Save R107 (15%) Shipped within 7 - 13 working days

A rigorous but practical introduction to the economic, financial, and political principles underlying commodity markets. Commodities have become one of the fastest growing asset classes of the last decade and the object of increasing attention from investors, scholars, and policy makers. Yet existing treatments of the topic are either too theoretical, ignoring practical realities, or largely narrative and nonrigorous. This book bridges the gap, striking a balance between theory and practice. It offers a solid foundation in the economic, financial, and political principles underlying commodities markets. The book, which grows out of courses taught by the author at Columbia and Johns Hopkins, can be used by graduate students in economics, finance, and public policy, or as a conceptual reference for practitioners. After an introduction to basic concepts and a review of the various types of commodities-energy, metals, agricultural products-the book delves into the economic and financial dynamics of commodity markets, with a particular focus on energy. The text covers fundamental demand and supply for resources, the mechanics behind commodity financial markets, and how they motivate investment decisions around both physical and financial portfolio exposure to commodities, and the evolving political and regulatory landscape for commodity markets. Additional special topics include geopolitics, financial regulation, and electricity markets. The book is divided into thematic modules that progress in complexity. Text boxes offer additional, related material, and numerous charts and graphs provide further insight into important concepts.

Inside the Investments of Warren Buffett - Twenty Cases (Paperback): Yefei Lu Inside the Investments of Warren Buffett - Twenty Cases (Paperback)
Yefei Lu
R484 R347 Discovery Miles 3 470 Save R137 (28%) Shipped within 7 - 12 working days

Since the 1950s, Warren Buffett and his partners have backed some of the twentieth century's most profitable, trendsetting companies. But how did they know they were making the right investments? What did Buffet and his partners look for in an up-and-coming company, and how can others replicate their approach? A gift to Buffett followers who have long sought a pattern to the investor's success, Inside the Investments of Warren Buffett presents the most detailed analysis to date of Buffett's long-term investment portfolio. Yefei Lu, an experienced investor, starts with Buffett's interest in the Sanborn Map Company in 1958 and tracks nineteen more of his major investments in companies like See's Candies, the Washington Post, GEICO, Coca-Cola, US Air, Wells Fargo, and IBM. Accessing partnership letters, company documents, annual reports, third-party references, and other original sources, Lu pinpoints what is unique about Buffett's timing, instinct, use of outside knowledge, and postinvestment actions, and he identifies what could work well for all investors in companies big and small, domestic and global. His substantial chronology accounts for broader world events and fluctuations in the U.S. stock market, suggesting Buffett's most important trait may be the breadth of his expertise.

Financial Modeling (Hardcover, fourth edition): Simon Benninga Financial Modeling (Hardcover, fourth edition)
Simon Benninga
R1,911 R1,684 Discovery Miles 16 840 Save R227 (12%) Shipped within 7 - 12 working days

A substantially revised edition of a bestselling text combining explanation and implementation using Excel; for classroom use or as a reference for finance practitioners. Financial Modeling is now the standard text for explaining the implementation of financial models in Excel. This long-awaited fourth edition maintains the "cookbook" features and Excel dependence that have made the previous editions so popular. As in previous editions, basic and advanced models in the areas of corporate finance, portfolio management, options, and bonds are explained with detailed Excel spreadsheets. Sections on technical aspects of Excel and on the use of Visual Basic for Applications (VBA) round out the book to make Financial Modeling a complete guide for the financial modeler. The new edition of Financial Modeling includes a number of innovations. A new section explains the principles of Monte Carlo methods and their application to portfolio management and exotic option valuation. A new chapter discusses term structure modeling, with special emphasis on the Nelson-Siegel model. The discussion of corporate valuation using pro forma models has been rounded out with the introduction of a new, simple model for corporate valuation based on accounting data and a minimal number of valuation parameters. New print copies of this book include a card affixed to the inside back cover with a unique access code. Access codes are required to download Excel worksheets and solutions to end-of-chapter exercises. If you have a used copy of this book, you may purchase a digitally-delivered access code separately via the Supplemental Material link on this page. If you purchased an e-book, you may obtain a unique access code by emailing [email protected] or calling 617-253-2889 or 800-207-8354 (toll-free in the U.S. and Canada). Praise for earlier editions "Financial Modeling belongs on the desk of every finance professional. Its no-nonsense, hands-on approach makes it an indispensable tool." -Hal R. Varian, Dean, School of Information Management and Systems, University of California, Berkeley "Financial Modeling is highly recommended to readers who are interested in an introduction to basic, traditional approaches to financial modeling and analysis, as well as to those who want to learn more about applying spreadsheet software to financial analysis." -Edward Weiss, Journal of Computational Intelligence in Finance "Benninga has a clear writing style and uses numerous illustrations, which make this book one of the best texts on using Excel for finance that I've seen." -Ed McCarthy, Ticker Magazine

High Returns from Low Risk - A Remarkable Stock Market Paradox (Hardcover): Pim Van Vliet, Jan de Koning High Returns from Low Risk - A Remarkable Stock Market Paradox (Hardcover)
Pim Van Vliet, Jan de Koning
R392 R283 Discovery Miles 2 830 Save R109 (28%) Shipped within 7 - 12 working days

Believing "high-risk equals high-reward" is holding your portfolio hostage High Returns from Low Risk proves that low-volatility, low-risk portfolios beat high-volatility portfolios hands down, and shows you how to take advantage of this paradox to dramatically improve your returns. Investors traditionally view low-risk stocks as safe but unprofitable, but this old canard is based on a flawed premise; it fails to see beyond the monthly horizon, and ignores compounding returns. This book updates the thinking and brings reality to modelling to show how low-risk stocks actually outperform high-risk stocks by an order of magnitude. Easy to read and easy to implement, the plan presented here will help you construct a portfolio that delivers higher returns per unit of risk, and explains how to achieve excellent investment results over the long term. Do you still believe that investors are rewarded for bearing risk, and that the higher the risk, the greater the reward? That old axiom is holding you back, and it is time to start seeing the whole picture. This book shows you, through deep historical simulation, how to reap the rewards of smarter investing. * Learn how and why low-risk, low-volatility stocks beat the market * Discover the formula that outperforms Greenblatt's * Construct your own low-risk portfolio * Select the right ETF or low-risk fund to manage your money Great returns and lower risk sound like a winning combination what happens once everyone is doing it? The beauty of the low-risk strategy is that it continues to work even after the paradox is widely known; long-term investment success is possible for anyone who can shake off the entrenched wisdom and go low-risk. High Returns from Low Risk provides the proof, model and strategy to reign in your exposure while raking in the profit.

Economics of the Public Sector (Paperback, Fourth International Student Edition): Josephe Stiglitz, Jay K Rosengard Economics of the Public Sector (Paperback, Fourth International Student Edition)
Josephe Stiglitz, Jay K Rosengard
R2,849 R2,330 Discovery Miles 23 300 Save R519 (18%) Shipped within 7 - 13 working days

What should be the role of government in society? How should it design its programmes? How should tax systems be designed to promote both efficiency and fairness? Nobel Laureate Joseph Stiglitz and new co-author Jay Rosengard bring an unparalleled level of expertise to address these key issues of public-sector economics. No other text is as modern, as accessible, or incorporates as much first-hand policy-advising experience by its authors as Stiglitz/Rosengard.

The Economics of Money, Banking and Financial Markets - European edition (Paperback, European Ed): Kent Matthews, Massimo... The Economics of Money, Banking and Financial Markets - European edition (Paperback, European Ed)
Kent Matthews, Massimo Giuliodori, Frederic S Mishkin
R1,420 Discovery Miles 14 200 Shipped within 7 - 12 working days

Were you looking for the book with access to MyEconLab? This product is the book alone, and does NOT come with access to MyEconLab. This European adaptation takes Mishkin's market leading text The Economics of Money, Banking and Financial Markets a step further placing the central themes in context for European students. It provides an in-depth overview and comparison of the structures, goals, tools and strategies of the European Central Bank, the Bank of England and the US Federal Reserve. Mishkin's application of a unified analytical framework to the models makes theory intuitive for students whilst the rich array of current, real-world events keeps students motivated. Authoritative, comprehensive, and flexible, the text is easy to integrate into a wide variety of syllabi, and its ancillaries provide complete support when teaching the course. Frederic Mishkinstudied at MIT and has taught at Columbia Business School since 1983. He was a member of the Board of Governors of the Federal Reserve System from 2006 to 2008 and has been a consultant to the World Bank, the Inter-American Development Bank, and the International Monetary Fund, as well as to numerous central banks throughout the world Kent Matthewsis the Sir Julian Hodge Professor of Banking and Finance at the Cardiff Business School. He is a graduate of the London School of Economics, Birkbeck and Liverpool University and has held research posts at the LSE, National Institute of Economic & Social Research and Bank of England. Massimo Giuliodori took his first degree at the University of Ancona (Italy) and his MSc in Economics and Finance at the University of Glasgow. After obtaining his PhD from the Scottish Doctoral Programme, he moved to the Amsterdam School of Economics of the University of Amsterdam, where he is now Associate Professor.

The Second Leg Down - Strategies for Profiting after a Market Sell-Off (Hardcover): Hari P. Krishnan The Second Leg Down - Strategies for Profiting after a Market Sell-Off (Hardcover)
Hari P. Krishnan
R955 R691 Discovery Miles 6 910 Save R264 (28%) Shipped within 7 - 13 working days

Cut risk and generate profit even after the market drops The Second Leg Down offers practical approaches to profiting after a market event. Written by a specialist in global macro, volatility and hedging overlay strategies, this book provides in-depth insight into surviving in a volatile environment. Historical back tests and scenario diagrams illustrate a variety of strategies for offsetting portfolio risks with after-the-fact options hedging, and the discussion explores how a mixture of trend following and contrarian futures strategies can be beneficial. Without a rational analysis-based approach, investors often find themselves having to cut risk and buy protection just as options are at their most over-priced. This book provides practical strategies, expert analysis and the knowledge base to assist you in recovering your portfolio. Hedging strategies are often presented as expensive and unnecessary, especially during a bull market. When equity indices and other unstable assets drop, they find themselves stuck hedging is now at its most expensive, but it is imperative to hedge or face liquidation. This book shows you how to salvage the situation, with strategies backed by expert analysis. * Identify the right hedges during high volatility * Generate attractive risk-adjusted returns * Learn new strategies for offsetting risk * Know your options for when losses have already occurred Imagine this scenario: you've incurred significant losses, you're approaching risk limits, you must cut risk immediately, yet slashing positions would damage the portfolio what do you do? The Second Leg Down is your emergency hotline, with practical strategies for dire conditions.

Equity Asset Valuation Workbook (Paperback, 3rd Edition): Jerald E. Pinto, Elaine Henry, Thomas R. Robinson, John D. Stowe Equity Asset Valuation Workbook (Paperback, 3rd Edition)
Jerald E. Pinto, Elaine Henry, Thomas R. Robinson, John D. Stowe
R776 R565 Discovery Miles 5 650 Save R211 (27%) Shipped within 7 - 13 working days

Your complete guide to equity assets valuation Equity Asset Valuation Workbook, Third Edition was designed as a companion to Equity Asset Valuation, Third Edition, the most comprehensive text on this subject available on the market. This workbook provides key study tools, such as learning outcomes, chapter summaries, practice problems, and detailed solutions, that guide you in your preparation for the third step in the CFA certification program. These features reinforce essential theories and their practical application, and assist you in understanding the core concepts behind these theories, as well as when and how to implement them. Integrating both accounting and finance concepts, the workbook and its companion text offer a collection of valuation models and challenge you to determine which models are most appropriate for given companies and circumstances. When you make an equity investment, you purchase and hold a share of stock. Through the payment of dividends and capital gains, this investment can result in income that can boost the performance of your portfolio but determining which investments are going to be profitable and which are best passed over is key to building a successful equity investment strategy. * Access targeted features, such as practice problems, chapter summaries, and learning outcomes, that reiterate your newfound knowledge * Prepare for the third step in your CFA certification program with confidence * Reinforce the ideas presented by the workbook's companion text, sold separately * Expand your understanding of equity assets through versatile material that blends theory and practice to provide you with a realistic understanding of the field Equity Asset Valuation Workbook, Third Edition complements the revised Equity Asset Valuation, Third Edition, and guides your study efforts for the third step in the CFA certification program.

Frequently Asked Questions in Quantitative Finance (Paperback, 2nd Edition): Paul Wilmott Frequently Asked Questions in Quantitative Finance (Paperback, 2nd Edition)
Paul Wilmott 1
R703 R490 Discovery Miles 4 900 Save R213 (30%) Shipped within 7 - 12 working days

Getting agreement between finance theory and finance practice is important like never before. In the last decade the derivatives business has grown to a staggering size, such that the outstanding notional of all contracts is now many multiples of the underlying world economy. No longer are derivatives for helping people control and manage their financial risks from other business and industries, no, it seems that the people are toiling away in the fields to keep the derivatives market afloat (Apologies for the mixed metaphor ) If you work in derivatives, risk, development, trading, etc. you'd better know what you are doing, there's now a big responsibility on your shoulders.

In this second edition of "Frequently Asked Questions in Quantitative Finance" I continue in my mission to pull quant finance up from the dumbed-down depths, and to drag it back down to earth from the super-sophisticated stratosphere. Readers of my work and blogs will know that I think both extremes are dangerous. Quant finance should inhabit the middle ground, the mathematics sweet spot, where the models are robust and understandable, and easy to mend.

...And that's what this book is about.

This book contains important FAQs and answers that cover both theory and practice. There are sections on how to derive Black-Scholes (a dozen different ways ), the popular models, equations, formulae and probability distributions, critical essays, brainteasers, and the commonest quant mistakes. The quant mistakes section alone is worth trillions of dollars

I hope you enjoy this book, and that it shows you how interesting this important subject can be. And I hope you'll join me and others in this industry on the discussion forum on wilmott.com. See you there "

"FAQQF2."..including key models, important formulae, popular contracts, essays and opinions, a history of quantitative finance, sundry lists, the commonest mistakes in quant finance, brainteasers, plenty of straight-talking, the Modellers' Manifesto and lots more.

Religion and Finance - Comparing the Approaches of Judaism, Christianity and Islam (Hardcover): Mervyn K. Lewis, Ahmad Kaleem Religion and Finance - Comparing the Approaches of Judaism, Christianity and Islam (Hardcover)
Mervyn K. Lewis, Ahmad Kaleem
R2,066 Discovery Miles 20 660 Shipped within 7 - 12 working days

Judaism, Christianity and Islam all impose obligations and constraints upon the rightful use of wealth and earthly resources. All three of these religions have well-researched views on the acceptability of practices such as usury but the principles and practices of other, non-interest, financial instruments are less well known. This book examines each of these three major world faiths, considering their teachings, social precepts and economic frameworks, which are set out as a guide for the financial dealings and economic behaviour of their adherents. Religion and Finance explores the histories, denominational compositions and fundamental beliefs of each of the three religions and examines a host of key issues surrounding their relationship to finance. Consideration is given to the development of generally disfavoured practices such as usury, and the various instruments of sales-based debt, partnerships and equity-based financial practices allowed by these religions are examined, alongside a discussion of their socio-economic teachings and traditions. This well-written, well-constructed analysis of the financial thought of Judaism, Christianity and Islam, with its insightful analysis of key financial instruments and economic practices, will be an invaluable book for anyone who is interested in, or studying, the three major Abrahamic religions and their financial practices and philosophies.

Leveraged Exchange-Traded Funds - A Comprehensive Guide to Structure, Pricing, and Performance (Hardcover, 1st ed. 2016): Peter... Leveraged Exchange-Traded Funds - A Comprehensive Guide to Structure, Pricing, and Performance (Hardcover, 1st ed. 2016)
Peter Miu, Narat Charupat
R1,228 R947 Discovery Miles 9 470 Save R281 (23%) Shipped within 7 - 12 working days

Leveraged Exchange-Traded Funds (LETFs) are publicly-traded funds that promise to provide daily returns that are in a multiple (positive or negative) of the returns on an index. To meet that promise, the funds use leverage, which is typically obtained through derivatives such as futures contracts, forward contracts, and total-return swaps. As of the end of 2012, there were over 250 LETFs in North America with total assets of approximately $32.24 billion. While the amount of assets held by these funds is still small, their popularity continues to grow as their trading volume is significantly larger and much more dynamic than traditional, non-leveraged ETFs. This comprehensive guide to LETFs provides high-level practitioners and researchers with a detailed reference tool for navigating the market and making informed investment decisions. Written from a measured analytical perspective, Miu and Charupat use clear and concise explanations of all important aspects of LETFs, focusing on such key elements as structure, pricing, performance, regulations, taxation, and trading strategies. The first two chapters set the stage for the book by identifying exactly what LETFs are and how they are regulated. The following chapters then look to bridge theory with practice to dive deep into the mechanics, portfolio rebalancing techniques, and daily compounding effects that make investing in these funds so lucrative.

Probability And Finance Theory (Hardcover): Kian Guan Lim Probability And Finance Theory (Hardcover)
Kian Guan Lim
R1,680 R1,566 Discovery Miles 15 660 Save R114 (7%) Shipped within 7 - 12 working days

This book provides a basic grounding in the use of probability to model random financial phenomena of uncertainty, and is targeted at an advanced undergraduate and graduate level. It should appeal to finance students looking for a firm theoretical guide to the deep end of derivatives and investments. Bankers and finance professionals in the fields of investments, derivatives, and risk management should also find the book useful in bringing probability and finance together. The book contains applications of both discrete time theory and continuous time mathematics, and is extensive in scope. Distribution theory, conditional probability, and conditional expectation are covered comprehensively, and applications to modeling state space securities under market equilibrium are made. Martingale is studied, leading to consideration of equivalent martingale measures, fundamental theorems of asset pricing, change of numeraire and discounting, risk-adjusted and forward-neutral measures, minimal and maximal prices of contingent claims, Markovian models, and the existence of martingale measures preserving the Markov property. Discrete stochastic calculus and multiperiod models leading to no-arbitrage pricing of contingent claims are also to be found in this book, as well as the theory of Markov Chains and appropriate applications in credit modeling. Measure-theoretic probability, moments, characteristic functions, inequalities, and central limit theorems are examined. The theory of risk aversion and utility, and ideas of risk premia are considered. Other application topics include optimal consumption and investment problems and interest rate theory.

Investing the Templeton Way: The Market-Beating Strategies of Value Investing's Legendary Bargain Hunter (Hardcover, Ed):... Investing the Templeton Way: The Market-Beating Strategies of Value Investing's Legendary Bargain Hunter (Hardcover, Ed)
Lauren C. Templeton, Scott Phillips
R602 R429 Discovery Miles 4 290 Save R173 (29%) Shipped within 7 - 12 working days

The First Insider Look Into Sir John's Investing Strategies. .

Sir John Templeton is The greatest stock picker of the century.
-"Money," .

Sir John Templeton's savvy went beyond that of the investment world. A mother asked him what was the best investment advice she could give her son, and he responded 'to tithe.' He encouraged me and others to seek the spiritual truths that are every bit as incontrovertible as the physical laws that impact our universe, and then make a commitment to live by them. He was a giant not only in his 'out of the box' investment acumen, but also for his understandings of the broader issues of life.
-Foster Friess, Founder/Fund Manager, Friess Associates Inc.. .

Sir John Templeton knows well the royal road to riches for passive investors. First, be price conscious-buy bargains. Second, focus on the long term outlook. Third, don't pay attention to the short term outlook knowing that most bargains are created when the near term outlook is poor to clouded. "Investing the Templeton Way" provides an excellent road map for investors who seek to get into the details of how best to emulate Sir John and his fabulous success.
-Martin J. Whitman, portfolio manager, Third Avenue Value Fund. .

Through his generous counseling sessions at Lyford Cay in our early days, his sagacious investing, and personal example, Sir John inculcated more important principles into our culture at Southeastern Asset Management, Inc. than any other. Similarly, "Investing the Templeton Way" offers the novice as well as the professional invaluable guidance that will make you a better investor. It should not only be read, but absorbed.
-Mason Hawkins, chairman and chiefexecutive officer, Southeastern Asset Management, Inc., advisor to the Longleaf Partners Funds.

Equity Derivatives and Hybrids - Markets, Models and Methods (Hardcover, 1st ed. 2015): Oliver Brockhaus Equity Derivatives and Hybrids - Markets, Models and Methods (Hardcover, 1st ed. 2015)
Oliver Brockhaus
R1,347 R1,127 Discovery Miles 11 270 Save R220 (16%) Shipped within 7 - 12 working days

Since the development of the Black-Scholes model, research on equity derivatives has evolved rapidly to the point where it is now difficult to cut through the myriad of literature to find relevant material. Written by a quant with many years of experience in the field this book provides an up-to-date account of equity and equity-hybrid (equity-rates, equity-credit, equity-foreign exchange) derivatives modeling from a practitioner's perspective. The content reflects the requirements of practitioners in financial institutions: Quants will find a survey of state-of-the-art models and guidance on how to efficiently implement them with regards to market data representation, calibration, and sensitivity computation. Traders and structurers will learn about structured products, selection of the most appropriate models, as well as efficient hedging methods while risk managers will better understand market, credit, and model risk and find valuable information on advanced correlation concepts. Equity Derivatives and Hybrids provides exhaustive coverage of both market standard and new approaches, including: -Empirical properties of stock returns including autocorrelation and jumps -Dividend discount models -Non-Markovian and discrete-time volatility processes -Correlation skew modeling via copula as well as local and stochastic correlation factors -Hybrid modeling covering local and stochastic processes for interest rate, hazard rate, and volatility as well as closed form solutions -Credit, debt, and funding valuation adjustment (CVA, DVA, FVA) -Monte Carlo techniques for sensitivities including algorithmic differentiation, path recycling, as well as multilevel. Written in a highly accessible manner with examples, applications, research, and ideas throughout, this book provides a valuable resource for quantitative-minded practitioners and researchers.

Valuing Intangible Assets (Hardcover, New): Robert F. Reilly, Robert P. Schweihs Valuing Intangible Assets (Hardcover, New)
Robert F. Reilly, Robert P. Schweihs
R1,599 R1,097 Discovery Miles 10 970 Save R502 (31%) Shipped within 7 - 12 working days

When partnerships change hands, the valuation of intangible assets can be a financial maze. This in-depth book, working through each of the basic valuation approaches: cost, market, and income, provides professionals with complete guidelines and industry standards. Its a must-have for financial analysts and attorneys!

Chart Patterns - After the Buy (Paperback): Thomas N. Bulkowski Chart Patterns - After the Buy (Paperback)
Thomas N. Bulkowski
R1,058 R768 Discovery Miles 7 680 Save R290 (27%) Shipped within 7 - 13 working days

Take chart patterns beyond buy triggers to increase profits and make better trades Chart Patterns: After the Buy goes beyond simple chart pattern identification to show what comes next. Author and stock trader Thomas Bulkowski is one of the industry's most respected authorities in technical analysis; for this book, he examined over 43,000 chart patterns to discover what happens after you buy the stock. His findings are detailed here, to help you select better buy signals, avoid disaster, and make more money. Bulkowski analyzed thousands of trades to identify common paths a stock takes after the breakout from a chart pattern. By combining those paths, he discovered the typical routes a stock takes, which he calls configurations. Match your chart to one of those configurations and you will know, before you buy, how your trade will likely perform. Now you can avoid potentially disastrous trades to focus on the big winners. Each chapter illustrates the behavior of a specific pattern. Identification guidelines help even beginners recognize common patterns, and expert analysis sheds light on the period of the stock's behavior that actually affects your investment. You'll discover ideal buy and sell setups, how to set price targets, and more, with almost 370 charts and illustrations to guide you each step of the way. Coverage includes the most common and popular patterns, but also the lesser-known ones like bad earnings surprises, price mirrors, price mountains, and straight-line runs. Whether you're new to chart patterns or an experienced professional, this book provides the insight you need to select better trades. * Identify chart patterns * Select better buy signals * Predict future behavior * Learn the best stop locations Knowing the pattern is one thing, but knowing how often a stop will trigger and how often you can expect a stock to reach its target price is another matter entirely and it impacts your trade performance immensely. Chart Patterns: After the Buy is the essential reference guide to using chart patterns effectively throughout the entire life of the trade.

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