Discover a structured, applied approach to behavioral finance with the first academic text of its kind--Ackert/Deaves' BEHAVIORAL FINANCE: PSYCHOLOGY, DECISION MAKING, AND MARKETS. This comprehensive text--ideal for today's behavioral finance elective--links finance theory and practice to human behavior. The book begins by building upon the established, conventional principles of finance before moving into psychological principles of behavioral finance, including heuristics and biases, overconfidence, emotion and social forces. Readers learn how human behavior influences the decisions of individual investors and professional finance practitioners, managers, and markets. The book clearly explains what behavioral finance indicates about observed market outcomes as well as how psychological biases potentially impact the behavior of managers. Readers see, first-hand, the implications of behavioral finance on retirement, pensions, education, debiasing, and client management. This book spends a significant amount of time examining how behavioral finance can be used by practitioners today. Readers utilize theory and applications in every chapter with a wide variety of end-of-chapter exercises, discussion questions, simulations and experiments that reinforce the book's applied approach.

Thanks to historically debilitating apartheid laws and a lack of financial education, many South Africans are crippled by generational poverty, inheriting liabilities (like black tax) instead of assets. To change society, we need to convert consumers into investors, spenders into savers, and equip our nation with world-class financial principles.

Author, educator and property expert Laurens Boel sets out every step of the wealth-generation process, including how the rich think differently from the poor, how the economy works and how to earn passive income through side hustles. He offers his own set of insider insights on how to grow and protect your wealth.

The book focuses on property investing as a foundation for wealth. The reader will be armed with secrets to investing in South Africa’s lucrative property market, such as finding below-market-value deals, leveraging other people’s money and using efficient tax structures. Plus, you’ll get advice on wealth-generation strategies like trading and starting a business.

Millionaire in the Making is a must-read for anyone looking to improve their financial situation, as well as experienced investors looking to polish their portfolios and build wealth, not only for themselves but for generations to come.

Why just be contrarian when you can bet against consensus and be right?

Through a meta-analysis of what moves markets and what drives human behavior, New York Times bestselling author and founder of Verdad Advisers, Dan Rasmussen, cuts through the 60/40 portfolio, exposing where empirical evidence shows the best opportunities--and where projections, models, and experts often fail--to create an asset allocation that can withstand the tests of time.

In this exploration of intellectual truths in investing, Dan's research shows that the investor's edge lies in fundamentals over forecasts, humility over hubris, and demonstrated rules over dogma.

In a world overwhelmed by information, especially on social media, it can be challenging to discern what’s real and what’s not, particularly when it comes to financial advice. Home Truths About Money goes back to basics, stripping away the slick social media veneer to address the bare-bone facts about money – the home truths that we may not want to face.

The book covers essential issues such as:

• Money can make you happy
• Having lots of money doesn’t make you rich
• DIY investing isn’t easy
• Money can grow on trees if you plant the right seeds
• Your retirement plan will never be perfect
• You won’t get rich putting your money in a bank account
• Married people end up wealthier in the long run.

Walker emphasizes that having a healthy relationship with money is a crucial life skill. To achieve this, one must understand how money works and how it intertwines with our lives. Regardless of age, income, or social standing, investing time in understanding money is essential before investing it.

What do you need to do to retire in comfort? What are the right choices to make before and after you retire? What are the mistakes that you need to avoid? How can you secure a sustainable income for the rest of your life?

This book, co-written by well-known semi-retired journalist Bruce Cameron and respected financial planner Wouter Fourie, answers all these questions and more. It provides straightforward, comprehensive and practical information on the vital issues that impact on retirement, such as taxa tion, investments, healthcare, estate planning and where to live when retired. And it also identifies warning signs to look out for in order to avoid financial troubles.

This fully updated edition is based on the 2023 Budget figures and takes account of changes in legislation, tax and retirement products.

This is the ultimate guide to help you achieve a secure and successful retirement.

Tony Robbins, who has coached more than fifty million people from 100 countries, is the world’s #1 life and business strategist. In this new book, he teams up with Christopher Zook, a renowned financial investor who draws from thirty years of experience to round out the trilogy of #1 New York Times bestselling financial books. Together they reveal how, for decades, trillions of dollars of smart money­ – think of large institutions, sovereign wealth funds, individuals with ultra-high-net worth – have been making outsized returns using alternative investments in private equity, private credit, private real estate, energy and venture capital.

Until recently, the vast majority of investors – those of us without insider access or eye-popping checkbooks – have been locked out of these exciting, high-yield opportunities. But there is a change underway. Alternative investments are coming to the masses, and investors need to know how to navigate their options, assess the merits of these opportunities, and determine how to best take advantage of this massive trend.

In The Holy Grain of Investing, you’ll discover:

• Where opportunities will arise as we transition from the 'free money' era of zero interest rates to a new more realistic environment.
• How to take advantage of the trillions flowing into private investments by owning a piece of the firms that manage the assets.
• How to take advantage of private credit as an alternative (or compliment) to bonds.
• How and why professional sports teams have become an asset class of their own.
• How the renewable energy revolution will create new winners and losers.
• How investments in private real estate can work as an inflationary hedge.
• Interviews, advice, and insights from some of the world’s most formidable titans of industry, such as Howard Marks of OakTree Capital, Vinod Khosla of Khosla Capital, Barry Sternlicht of Starwood, Robert Smith of Vista, and Peter Theil of Founders Fund, among others.

The market is changing, and the conventional wisdom no longer applies. Are you ready to add some fuel to your financial fire? No matter your wealth, your experience, your job, or your age, The Holy Grail of Investing will teach you everything you need to know to unleash the financial power of alternative investments.

Most traders spend their lives searching for the perfect strategy. They believe the next indicator, the next system, the next prediction will finally unlock their success. They are wrong.

In Jack of All Trades – How to Become the Complete Trader, Dr Robert J van Eyden reveals the truth few are willing to confront: consistent profitability has nothing to do with finding the perfect trade. It has everything to do with becoming the right trader.

Drawing on decades of experience as a professional trader, CEO of trading platforms, mentor to hundreds of traders and respected thought leader in retail trading, Van Eyden takes you inside the real battle, the one that takes place not on the charts, but within yourself. You will discover:

• Why most traders fail even with good systems;
• How to build an edge grounded in probability, not hope;
• The psychological discipline that separates professionals from amateurs;
• How risk and position sizing quietly determine your destiny; and
• How mastering yourself unlocks consistency, confidence and freedom.

Guided by the hard-won wisdom of his mentor, Jack Shark, this book is not about trading more. It is about trading complete. Because the ultimate edge was never in the market. It was always in you.

The goal of investment management is to achieve the investor's required rate of return by putting assets to their most productive use. The return should compensate the investor for the time during which the funds are committed, the expected rate of inflation and the uncertainty of the future financial benefits anticipated from the investment. Investment management is a concise, yet comprehensive introduction to investment analysis and portfolio management, specifically in the South African context. Investment management provides a broad framework and a thorough network of guidelines for the investment management student. It focuses on investment in financial assets such as shares and bonds, and explains both fundamental and technical analysis. It investigates portfolio management and how derivative instruments such as futures, options and swaps may be used for this purpose. A chapter is devoted to the foreign exchange market and its management, and a new chapter dealing with the governance of investment management has been added. With self-assessment questions at the end of each chapter, it prepares undergraduates for postgraduate study and is written with the Chartered Financial Analyst (CFA (R) ) Level I learning outcomes in mind. Investment management is aimed at undergraduate investment management students. Johan Marx (editor) is a professor in financial and investment management at the University of South Africa (Unisa). He is the author of five financial management publications, and has presented and published numerous articles. He has a keen interest in financial markets. Johan de Beer lectured at Unisa before joining the University of Pretoria as a senior lecturer in investments and derivatives. He has since immigrated to Canada. He is a CFA charter holder and completed his MCom on the topic of single stock futures. His particular field of interest is derivatives and technical analysis. Raphael Mpofu is a professor and the deputy executive dean of the College of Economic and Management Sciences at Unisa. His research interests include financing small businesses and personal investments in emerging market economies. Henry Mynhardt is head of the School of Business and Economics at Southern Business School (SBS). He has vast experience in securities trading and has a keen interest in fixed interest securities as well as corporate governance, risk and compliance management.

More than 60 000 readers can attest to finding Making Money out of Property an indispensable guide to investing in the lucrative South African property market. This bestselling property book has been updated to include the most current tax requirements and the latest developments relating to the local property market.

Author and property expert Jason Lee sets out every step of the property-investing process, including how to find the right deals, how to negotiate and finance a property, and whether to hold on to or sell a property for financial gain. This book focuses on some of the professionals’ best-kept secrets, such as how to utilise agreements of sale, property investment structures, financing options and key economic factors influencing the property cycle. Most importantly, it explains how to make money in both rising and falling property markets.

Making Money out of Property is a must-read for any first-time property purchaser or investor, as well as for experienced investors looking to polish their skills.

Learn to manage your money to maximize your earning potential with Reilly/Brown/Leeds' INVESTMENT ANALYSIS AND PORTFOLIO MANAGEMENT, 12th Edition. The extremely reader-friendly, succinct 18 chapters equips you with a solid understanding of investment instruments, capital markets, behavioral finance, hedge funds, international investing and much more.

Real-world examples and hands-on applications bring chapter concepts to life as you learn to use the same tools as investment professionals. The 12th edition's unparalleled international coverage provides specific information on non-U.S. markets, instruments, conventions and techniques. New detailed discussions explain the impact of changes in both technology, regulations and ESG mandates on global security markets.

In addition, three chapters are devoted to derivatives securities, which are now standard investment instruments.

How the three independent asset managers Coronation, Allan Gray and Investec (later Ninety One) , dubbed the CIA, came to dominate and continue to dominate the South African asset management industry, particularly the pension fund market.

There are plenty of colourful big ego personalities such as Hendrik du Toit at Ninety One, Leon Campher at Coronation and the late Allan Gray plus kingmakers reshaping thr industry such as Patrice Motsepe.

A practical, step-by-step guide full of useful advice on how to get started on investing in the UK property market, from leveraging bank finance to finding investment grade properties from distance.

It gives practical advice on working with and finding contractors and project managers, as well as case studies of people that have invested with the guidance of WealthTrek. Plan B also offers insight into how the UK property market works - specifically on how to grow your investment portfolio through refinancing, and building your cashflow from day one through interest-only funding.

Before you take the leap into UK property investing, find out more from a team with years of experience.

Used extensively by professionals, organizations, and universities, Analysis of Investments and Management of Portfolios combines solid theory with practical application. This edition of the established and well-respected text has been developed and tailored especially for courses across the UK, Europe, the Middle East and Africa. Filled with real-world illustrations and hands-on applications, this text takes a rigorous, empirical approach to teaching topics such as investment instruments, capital markets, behavioural finance, hedge funds, and international investment. It also emphasizes how investment practice and theory are influenced by globalization.

This book is a detailed account of the instruments that are used in the corporate bond markets, from conventional "plain vanilla" bonds to hybrid instruments and structured products. There is background information on bond pricing and yield, as well as a detailed look at the yield curve. The book covers the full set of instruments used by companies to raise finance, and which are aimed at a wide range of investors. It also discusses the analysis of these instruments. Topics covered include:
*Bond basics
*The yield curve
*Callable bonds
*Convertible bonds
*Eurobonds
*Warrants
*Commercial paper
*Corporate bonds credit analysis
*Securitisation
*Asset-backed securities
*Mortgage-backed securities
*Collateralised Debt Obligations
*Synthetic CDOs
Written by one of the leading names in the fixed income markets today, this book should prove to be an invaluable reference guide for all those with an interest in corporate bond markets, whether as practitioners, consultants or researchers.
* Covers every major aspect of corporate credit markets
* Features bond instruments as well as aspects of bond analysis
* Covers conventional bonds as well as securitisation and structured financial products

An initial public offering (IPO) is one of the most significant events in corporate life. It follows months, even years of preparation. During the boom years of the late 1990s bull market, IPOs of growth companies captured the imagination and pocketbooks of investors like never before.
This book goes behind the scenes to examine the process of an offering from the decision to go public to the procedures of a subsequent equity offering. The book is written from the perspective of an experienced investment banker describing the hows and whys of IPOs and subsequent equity issues.
Each aspect of an IPO is illustrated with plenty of international examples pitched alongside relevant academic research to offer a combination of theoretical rigour and practical application.
Topics covered are:
- the decision to go public
- legal and regulatory aspects of an offering; marketing and research
- valuation and pricing
- allocations of shares to investors
- examination of fees and commissions
* Global perpective: UK, European and US practices, regulations and examples, and case studies
* First hand experience written by an IPO trader with academic rigour
* Includes the changes in the market that resulted from 1998-2000 equity boom

Market value is set by investor behaviour ....but objective methods of valuation are vital for accurate predictions of market behaviour. What are the key issues facing the industry - and the main points the analyst needs to look for when interpreting oil industry accounts? Do the best prospects necessarily lie with the larger and better-financed companies? How best can an investment strategy be managed in the refining industry, with its conflicting pressures of environmental controls and inadequate returns?
This unique and authoritative book has the answers to these and many other questions, offering a series of benchmarks and performance indicators with which to evaluate oil company shares. An updated edition of a respected and established title, it remains the only comprehensive handbook of its kind available, and will be eagerly welcomed by corporate planners as well as investors and analysts.
An essential and practical guide for investors, analysers and corporate plannersThe only book which shows how to actually value oil and gas companiesInternational in outlook

Trading in oil futures and options is an introduction to price risk management in the worldwide oil industry. With numerous practical examples, it requires no prior knowledge and should be read by everyone involved in the industry.
Although aimed primarily at those new to risk management it will also provide a useful theoretical background to more experienced managers and it will show those in other markets how the oil industry uses futures and other derivatives.
This book concentrates on all the risk management tools available to everyone from crude oil producer to refined product consumer and explains the theory of futures, exchange options and over the counter trading.

Metals Trading Handbook, by Paddy Crabbe, offers an invaluable training manual and reference source for anyone working within the non ferrous metals industry or trading on the London Metal Exchange. At the core of its thorough analysis lies the principle that simple explanation and minimal jargon are invaluable to the practitioner.
Metals Trading Handbook offers positive advice and stimulation to those concerned with the pricing and delivery risks of non ferrous metals. It starts with simple fundamentals and moves onto more complex situations. Its central aim is to give the reader essential building blocks with which to develop a more proactive approach to solving everyday problems. The text examines the way the LME operates, how prices are formed, the significance and timing of "official settlement" prices, how risk in the forward markets occurs and changes, how risk builds up, methods of recognition and hedging the exposure to priced metal, the impact on valuations (marking to market), profit and loss and cashflow.
This is essential for those already involved in the metals business and also for the financial, investment and advisory community internationally.
Structure and workings of the exchangeRisk identificationManagement and trading techniques