Neil Woodford was the UK's most celebrated fund manager. Savers who invested GBP1,000 with him in 1988 saw their money increase to GBP25,000 over 25 years. At the peak of his career he was managing GBP33 billion for hundreds of thousands of investors. When he started his own fund management company in 2014, within just a few weeks it had attracted GBP5bn from his loyal fan base, including some of the City of London's biggest hitters. Life was good. Away from work he was collecting high-performance supercars and chunky designer watches; he was rarely out of the saddle of his favourite horse. The BBC called him the "man who can't stop making money". And then it all came to a sudden stop. This book tells the dramatic untold story behind Woodford's stunning rise and fall, and reveals why his multi-billion-pound investment empire really collapsed in such an abrupt and catastrophic manner. In a fast-moving and compelling narrative, reporter David Ricketts takes readers inside the rooms where extraordinary sums of other people's money were wagered, trapped and, ultimately, lost, in a scandal still sending shockwaves through the world of finance. Thanks to unique and unprecedented access to the most important players, we meet an eccentric cast of characters and go inside the institutions involved, from Woodford's own firm to those that made huge sums endorsing him - as well as those who failed to raise the alarm before it was too late.

Praise for Coach Yourself to Success

"Knowing how to make money and hold onto your money has never been easy. Joe's strategies are clear, accessible, and performance based. Joe, thanks for taking the mystery out of investing."
--Maria Bartiromo, host and managing editor of the nationally syndicated program the Wall Street Journal Report with Maria Bartiromo and CNBC's Closing Bell.

"Leave it to Joe to look out for the rest of us Joes and Joannes. Practical. Useful. Meaningful. The man who democratized trading has now leveled the playing field."
--Neil Cavuto, Vice President of FOX News Channel, host of Your World with Neil Cavuto and author of the New York Times bestseller, More than Money

"Joe Moglia has provided a coach's playbook for everyone. This is an invaluable tool for executing the right investing moves to win the game!"
--Bill Bolster, former CEO CNBC, CNBC Intl.

"If there is a parallel between football and investing, it is that to be successful you have to stick to the fundamentals. 'Coach' Joe Moglia lays out the fundamentals for you in a concise, straightforward manner. Read it and win."
--Vince Lombardi, Jr.

"Coach Joe Moglia knows the game and knows it well. His clearly written book is indispensable for the novice and great fun for the knowledgeable."
--Bob Kerrey, President, New School University

"As the president of Ameritrade, Joe Moglia revolutionized online trading, making individual investors successful as never before. In Coach Yourself to Success, Moglia's insights give individual investors a new and powerful tool to achieve their financial objectives."
--Roger McNamee, cofounder of Elevation Partners, Silver LakePartners, and Integral Capital Partners, and author of The New Normal

The Repo Handbook, Second Edition presents an overview of repo vehicles and markets with sufficient depth for those seeking detailed explanations. In three parts it demonstrates how these secured loans fit into global capital markets and why they account for up to 50% of daily settlement activity in non-US government bonds worldwide. This new edition replaces old examples and introduces new developments, such as structured finance repo and associated topics such as Basel II regulatory rules. In addition, 12 of 18 chapters feature new sections and 4 have been substantially rewritten. The UK gilt and US Treasury repo markets are explored through worked examples, and there are new sections on funding arbitrage trades, risk exposures, and regulatory capital. It also places repo in context within bank asset-liability management and trading techniques, illustrating repo use across a wide range of applications in the global money markets. Rarely mentioned in the financial press because of the simple, straightforward nature of the instrument, repo was often the only funding source available to banks during the last quarter of 2008 and the first in 2009. This book, written by a trader, will draw new attention to this valuable and efficient funding and investment product.

HOW WARREN BUFFETT DID IT -- AND HOW YOU CAN TOO

In the world of investing, the name Warren Buffett is synonymous with success and prosperity. Building from the ground up, Buffett chose wisely and picked his stocks with care, in turn amassing the huge fortune for which he is now famous. Mary Buffett, former daughter-in-law of this legendary financial genius and a successful businesswoman in her own right, has teamed up with noted Buffettologist David Clark to create Buffettology, a one-of-a-kind investment guide that explains the winning strategies of the master.

* Learn how to approach investing the way Buffett does, based on the authors' firsthand knowledge of the secrets that have made Buffett the world's second wealthiest man
* Use Buffett's proven method of investing in stocks that will continue to grow over time
* Master the straightforward mathematical equipments that assist Buffett in making investments
* Examine the kinds of companies that capture Buffett's interest, and learn how you can use this information to make your own investment choices of the future

Complete with profiles of fifty-four "Buffett companies" -- companies in which Buffett has invested and which the authors believe he continues to follow -- Buffettology can show any investor, from beginner to savvy pro, how to create a profitable portfolio.

For undergraduate courses in derivatives, options and futures, financial engineering, financial mathematics, and risk management. A reader-friendly book with an abundance of numerical and real-life examples. Based on Hull's Options, Futures and Other Derivatives, Fundamentals of Futures and Options Markets presents an accessible and student-friendly overview of the topic without the use of calculus. Packed with numerical examples and accounts of real-life situations, this text effectively guides students through the material while helping them prepare for the working world.

Although economic theory has increased our understanding of some economic problems, it has rendered others, including the problem of capital accumulation, growth, and development, more difficult to understand. Focusing on capitalist economic systems, this book develops a theoretical approach to the study of aggregate capital dynamics. The theory is developed within the Keynesian framework of aggregate thinking and builds on the work of such Cambridge economists as Robinson, Kaldor, and Pasinetti. The approach helps to resolve some theoretical difficulties within the Keynesian framework for studying aggregate investment behavior. Dompere also provides a criticism of the neoclassical investment theory and the general neoclassical theoretical framework for studying aggregate capital accumulation, investment, and growth. Reexamining some questions on investment that earlier theorists have tried to answer, this study develops some of the basic ideas of Keynes, Robinson, Kaldor, and Pasinetti into a general theoretical system that allows an optimal aggregate capital and investment to be determined for a given information set.

‘This is the authoritative work on private equity, giving the business manager a genuine insight into how this relatively new form of ownership works.’ Frank Neale, Phildrew Ventures

‘A truly revealing insight into the world of private equity, MBOs and MBIs… A really enjoyable read.’ Barrie Pearson, Livingstone Guarantee

‘An excellent insight into the changing world of venture capital and private equity.’ Charles Richardson, Director of Corporate Affairs, 3i

How should entrepreneurs and company managers seeking capital go about the task, and what can they expect if they are successful? What do private equity investors look for in the companies they back? What are the lessons from the successes and (equally important) the failures of the past? And should politicians and financial regulators be concerned about the huge investment funds now being assembled to invest in private equity in Europe? The answers to all of these question can be found in this book.

This book tells two stories: Irwin's personal story of his career at Commodities Corporation and the company's great success after its initial setbacks. For much of his twelve-year career at Commodities Corporation, the stories were interrelated.Irwin experienced the classic syndrome known as "The Peter Principle" where he rose to the point where the job became too complex to handle. Commodities Corporation went through a similar experience where it ran into trouble following its uncontrolled expansion. We get an insider view of what is needed to succeed as a futures trader and share in the personal experience of an up-and-down career.

Rental properties can be among the easiest and most profitable of investments, year after year. And contrary to popular opinion, the real estate rental business doesn't require inordinate amounts of money, time, stress, and legal expertise. Here, seasoned investors and landlords Greg Dayton and Gordon Weidle, who own millions of dollars in real estate, deliver their tried-and-true system for making real estate work for you.

Dayton and Weidle's complete, practical resource demystifies the entire process of renting-including buying, preparing, screening tenants, handling turnover, refinancing, selling units, and much more. Under their guidance, you will avoid common pitfalls and steer clear of the cost and worry of high vacancy rates, collection issues, and eviction problems.

Filled with candid stories and real-life tips and solutions, "Prosper through Real Estate" includes expanded sections on legal and accounting issues; real estate history, retirement trends, and life plan strategies; sample forms and convenient checklists; and even a glossary of real estate terms.

Whether you are a novice or experienced real estate investor, this book will give you all the tools and know-how you need to make your dream of financial independence, security, and prosperity a reality.

William Gann, a stocks and commodities trader with ample experience, shares advice to those new to trading on the stock market. As an early work of Gann's, the Truth of the Stock Tape advises the reader on how to anticipate and react to various movements in the stock market. The methodology Gann employed in his earlier career is more concerned with the psychology of the market. Gann begins by noting how traders with patience and nerve - backed up by sound evidence that a company is or imminently will perform well - tend to win out versus the impatient, nervous and flighty investors. Later in life, Gann became famous for supplementing his investment strategies with the use of astrology. He believed that the alignments of the planets influenced how investors behaved on a trading day, and created many courses to demonstrate the effectiveness of his strategy and predictive charts. Gann's charting strategy attracted a following which exists to this day, with computer software mimicking his methods.

This book discusses various aspects of blockchains in economic systems and investment strategies in crypto markets. It first addresses the topic from a conceptual and theoretical point of view, and then analyzes it from an assessment and investment angle. Further, it examines the opportunities and limitations of the taxation of crypto currency, as well as the political implications, such as regulation of speculation with crypto currencies. The book is intended for academicians and students in the fields of economics and finance.

In recent years, there has been a swell of investment opportunities in contemporary asset classes that have gained considerable attention, including cryptocurrencies, hedge funds, and private equity. These alternative investments provide the opportunity to enhance the diversification of financial portfolios and harvest risk premiums that traditional assets like stocks and bonds fail to provide. The emergence of these new properties has created the need to further understand the mechanics, risks, and returns of alternative investments. Recent Advances and Applications in Alternative Investments is a pivotal reference source that provides vital research on the emergence and development of complementary asset classes in the field of finance and investment. While highlighting topics such as carbon emission markets, renewable energy, and digital currencies, this publication explores modern investment strategies as well as the latest products and new types of risk. This book is ideally designed for managers, strategists, accountants, financial professionals, economists, brokers, investors, business practitioners, policymakers, researchers, and academicians seeking current research on contemporary developments in investment strategies and alternative assets.

Praise for The PSYCHOLOGY of RISK

"The Psychology of Risk is equally vital for everyone from the day trader to short-term online trader to long-term investor. A clear, enjoyable insight into what makes trading success."
–Alpesh B. Patel, Financial Times columnist and author of Trading Online

"Once again Dr. Kiev delivers a book that should be read cover to cover and kept as a reference. The Psychology of Risk explores the elements of risk taking as they relate to the human psyche."
–John Floyd, Director, Proprietary Trading, Deutsche Bank AG

"In 2000 and 2001, benchmark U.S. equity indices experienced the worst two-year performance since the bear market of 1973—74. Among the winners in this tumultuous market environment were those that invested with short time horizons rather than those that utilized a rigid buy-and-hold ‘one decision’ philosophy. Against this backdrop, Kiev, in his familiar pull-no-punches style, delivers an insightful, timely, and pragmatic thesis that focuses on the inner game of trading: psychology, discipline, and the holy grail–timing. A captivating read for those in search of a performance edge."
–Ciaran T. O’Kelly, Head of Equity Trading, Salomon Smith Barney

"Ari has proven himself to be a keen coach of world-class traders. The Psychology of Risk is a great read for those looking to better understand what it takes to put oneself at risk in the market."
–Kevin Becker, CIO, Claiborne Capital Management, LP

"Ari Kiev has done it again. One of Wall Street’s preeminent trading coaches, he explores some useful principles of risk taking which will help traders to take their game to the next level."
Jay Goldman, Hedge Fund Manager, Goldman & Co., LP

With nearly a million copies sold, "Security Analysis" has been continuously in print for more than sixty years. No investment book in history had either the immediate impact, or the long-term relevance and value, of its first edition in 1934. By 1951, seventeen years past its original publication and more than a decade beyond its revised and acclaimed 1940 second edition, authors Benjamin Graham and David Dodd had seen business and investment markets travel from the depths of Depression to the heights of recovery, and had observed investor behavior during both the calm of peacetime and the chaos of World War II.

The prescient thinking and insight displayed by Graham and Dodd in the first two editions of "Security Analysis" reached new heights in the third edition. In words that could just as easily have been written today as fifty years ago, they detail techniques and strategies for attaining success as individual investors, as well as the responsibilities of corporate decision makers to build shareholder value and transparency for those investors.

The focus of the book, however, remains its timeless guidance and advice--that careful analysis of balance sheets is the primary road to investment success, with all other considerations little more than distractions. The authors had seen and survived the Great Depression as well as the political and financial instabilities of World War II and were now better able to outline a program for sensible and profitable investing in the latter half of the century.

"Security Analysis: The Classic 1951 Edition" marks the return of this long-out-of-print work to the investment canon. It will reacquaint you with the foundations of value investing--more relevant than ever in tumultuous twenty-first century markets--and allow you to own the third installment in what has come to be regarded as the most accessible and usable title in the history of investment publishing.

The role of foreign direct investment initiatives is pivotal to effective enterprise development. This is particularly vital to emerging economies that are building their presence in international business markets. Outward Foreign Direct Investment (FDI) in Emerging Market Economies is a comprehensive source of academic material on the progressive impact of investment opportunities in the context of developing nations. Highlighting pivotal research perspectives on topics such as trade, sourcing strategies, and corporate social responsibility, this book is ideally designed for academics, practitioners, graduate students, and professionals interested in the economic performance of emerging markets.

Since the first edition of The Financial Times Guide to ETFs was published in 2009, the number of ETFs in issue has doubled and ETFs are now common both on investor platforms and increasingly amongst financial advisors. This massive increase in demand has highlighted an urgent debate - just how dangerous are ETFs and how much do investors and advisers understand about the structure of the index tracker? The second edition of this book attempts to answer this debate and is the indispensable bible on trackers for professional advisers and serious private investors. This new edition also features a chapter based around the theme of Due Diligence and a new chapter on How to use ETFs and Index Funds for theLong-term, as well as a new Jargon busting section and a-new appendix looking at new ideas beginning to emerge.

The use of ICT applications has dipped into almost every aspect of the business sector, including trade. With the volume of e-commerce increasing, international traders must switch their rules and practices to e-trade to survive in such a competitive market. However, the complexity of international trade, which covers customs processes, different legislation, specific documentation requirements, different languages, different currencies, and different payment systems and risk, presents its own challenges in this transition. Tools and Techniques for Implementing International E-Trading Tactics for Competitive Advantage examines the multidisciplinary approach of international e-trade as it applies to information technology, digital marketing, digital communication, online reputation management, and different legislation and risks. The content within this publication examines digital advertising, consumer behavior, and e-commerce and is designed for international traders, entrepreneurs, business professionals, researchers, academicians, and students.

Go inside the trend that spawned a multi-billion dollar industry for the top five percent Sweat Equity goes inside the multibillion dollar trend toward endurance sports and fitness to discover who's driving it, who's paying for it, and who's profiting. Bloomberg's Jason Kelly, author of The New Tycoons, profiles the participants, entrepreneurs, and investors at the center of this movement, exploring this phenomenon in which a surge of people led by the most affluent are becoming increasingly obsessed with looking and feeling better. Through in-depth looks inside companies and events from New York Road Runners to Tough Mudder and Ironman, Kelly profiles the companies and people aiming to meet the demands of these consumers, and the traits and strategies that made them so successful. In a modern world filled with anxiety, pressure, and competition, people are spending more time and money than ever before to soothe their minds and tone their bodies, sometimes pushing themselves to the most extreme limits. Even as obesity rates hit an all-time high, the most financially successful among us are collectively spending billions each year on apparel, gear, and entry fees. Sweat Equity charts the rise of the movement, through the eyes of competitors and the companies that serve them. Through conversations with businesspeople, many driven by their own fitness obsessions, and first-hand accounts of the sports themselves, Kelly delves into how the movement is taking shape. * Understand the social science, physics, and economics of our desire to pursue activities like endurance sports and yoga * Get to know the endurance business's target demographics * Learn how distance running once a fringe hobby became a multibillion dollar enterprise fueled by private equity * Understand how different generations pursue fitness and how fast-growing companies sell to them The opportunity to run, swim, and crawl in the mud is resonating with more and more of us, as sports once considered extreme become mainstream. As Baby Boomers seek to stay fit and Millennials search for meaning in a hyperconnected world, the demand for the race bib is outstripping supply, even as the cost to participate escalates. Sweat Equity, through the stories of men and women inside the most influential races and companies, goes to the heart of the movement where mind, body, and big money collide.

Macroeconomics of Climate Change in a Dualistic Economy: A Regional General Equilibrium Analysis generates significant, genuinely novel insights about dual economies and sustainable economic growth. These insights are generalize-able and applicable worldwide. The authors overcome existing limitations in general equilibrium modeling. By concentrating on tensions between green growth and dualism, they consider the global efforts against climate change and opposition by specific countries based on economic development needs. Using Turkey as their primary example, they address these two most discussed and difficult issues related to policy setting, blazing a path for those seeking an applied economic research framework to study such economic considerations.