This book aims to explore if and how securitization changed financial intermediation and lending behaviour by reviewing the pre- and post-financial crisis theoretical and empirical literature. The book's distinctive feature is bringing the growing post-crisis empirical evidence to the attention of a wider audience by critically appraising it against pre-crisis arguments. With its thought-provoking insights, this book is of particular interest for students, practitioners and academics.

This book offers a look at equity markets and what they have experienced since the 1997 Order Handling Rules were instituted. Specifically, it examines the tremendous technology innovation, intensified competition between an expanding set of alternative trading venues, and continuing regulatory changes that have occurred. Who have been the key initiators? How has market quality evolved over this period in response? What further structural and regulatory changes are still needed? These are among the key questions addressed in the volume, titled after the Baruch College Financial Markets Conference entitled Rapidly Changing Securities Markets: Who are the Initiators? The Zicklin School of Business Financial Markets Series presents the insights emerging from a sequence of conferences hosted by the Zicklin School at Baruch College for industry professionals, regulators, and scholars. Much more than historical documents, the transcripts from the conferences are edited for clarity, perspective and context; material and comments from subsequent interviews with the panelists and speakers are integrated for a complete thematic presentation. Each book is focused on a well delineated topic, but all deliver broader insights into the quality and efficiency of the U.S. equity markets and the dynamic forces changing them.

A Must-Read for Any Investor Looking to Maximize Their Chances of Success Big Mistakes: The Best Investors and Their Worst Investments explores the ways in which the biggest names have failed, and reveals the lessons learned that shaped more successful strategies going forward. Investing can be a rollercoaster of highs and lows, and the investors detailed here show just how low it can go; stories from Warren Buffet, Bill Ackman, Chris Sacca, Jack Bogle, Mark Twain, John Maynard Keynes, and many more illustrate the simple but overlooked concept that investing is really hard, whether you're managing a few thousand dollars or a few billion, failures and losses are part of the game. Much more than just anecdotal diversion, these stories set the basis for the book's critical focus: learning from mistakes. These investors all recovered from their missteps, and moved forward armed with a wealth of knowledge than can only come from experience. Lessons learned through failure carry a weight that no textbook can convey, and in the case of these legendary investors, informed a set of skills and strategy that propelled them to the top. Research-heavy and grounded in realism, this book is a must-read for any investor looking to maximize their chances of success. * Learn the most common ways even successful investors fail * Learn from the mistakes of the greats to avoid losing ground * Anticipate challenges and obstacles, and develop an advance plan * Exercise caution when warranted, and only take the smart risks While learning from your mistakes is always a valuable experience, learning from the mistakes of others gives you the benefit of wisdom without the consequences of experience. Big Mistakes: The Best Investors and Their Worst Investments provides an incomparable, invaluable resource for investors of all stripes.

Some traders distinguish themselves from the herd. How do these spectacular winners whose success occurs across a spectrum of financial markets do it? What separates them from the others? What can they teach the average trader or investor? In The New Market Wizards, these wildly successful traders--some largely unknown--relate the financial strategies that have rocketed them to success. Asking questions that readers with an interest or involvement in the financial markets would love to pose to the financial superstars, Jack D. Schwager gets these financial wizards to share their insights. Entertaining, informative, and invaluable, The New Market Wizards is destined to become another Schwager classic.

This book provides a methodology for developing an optimum investment strategy in the heating and combined heat and power (CHP) industry. It demonstrates how to apply mathematical models to the analysis of heat and electricity source operation from technical and economic perspectives. It also allows readers to ascertain the economic effectiveness of modernizing an existing CHP plant. The mathematical models presented are designed to recognize identity profits in continuous time so that they can be better predicted. The authors examine the operational costs of a CHP plant and the impact of factors, such as environmental costs, associated with investment in the heating and CHP sector to enable readers to select the most appropriate technologies. It presents a state-of-the-art technical and economic analysis to enhance readers' understanding of investment in and optimization of heating and CHP, and provides practical guidance for investors' decision-making. The book is a valuable source of information, making it ideal for financial analysts and power engineers. Thanks to its in-depth analysis of mathematical methods, it is also suitable for students and researchers with an interest in investment strategy.

Praise for Damn Right!

From the author of the bestselling WARREN BUFFETT SPEAKS. . .

"Charlie Munger, whose reputation is deep and wide, based on an extraordinary record of brilliantly successful business strategies, sees things that others don’t. There is a method to his mastery and, through this book, we get a chance to learn about this rare individual." –MICHAEL EISNER, Chairman and CEO, The Walt Disney Company

"Janet Lowe uncovers the iconoclastic genius and subtle charm behind Charlie Munger’s curmudgeonly façade in this richly woven portrait of our era’s heir to Ben Franklin. With a biographer’s detachment, an historian’s thoroughness, and a financial writer’s common sense, Lowe produces a riveting account of the family, personal, and business life of the idiosyncratically complex and endlessly fascinating figure." –LAWRENCE CUNNINGHAM, Cardozo Law School, Author of The Essays of Warren Buffett: Lessons for Corporate America

"For years, Berkshire Hathaway shareholders and investors worldwide (me included) have struggled to learn more about Warren Buffett’s cerebral sidekick. Now we can rest and enjoy reading Janet Lowe’s book about this rare intellectual jewel called Charlie Munger." –ROBERT G. HAGSTROM, Author of The Warren Buffett Way

"Charlie has lived by the creed that one should live a life that doesn’t need explaining. But his life should be explained. In a city where heroism is too often confused with celebrity, Charlie is a true hero and mentor. He lives the life lessons that he has studiously extracted from other true heroes and mentors, from Ben Franklin to Ben Graham. This book illuminates those life lessons." –RONALD L. OLSON, Munger, Tolles & Olson llp

"Janet Lowe’s unprecedented access to Charlie Munger and Warren Buffett has resulted in a first-class book that investors, academics, and CEOs will find entertaining and highly useful."–TIMOTHY P. VICK, Money Manager and Author of How to Pick Stocks Like Warren Buffett

Why do some families thrive for generations? What accounts for the sad deterioration that others experience? This book takes families and the professionals who serve them beyond the now widely accepted practices offered in "Family Wealth" and offers a view of Hughes's panoramic insights into what makes families flourish and fail. It lays out the basis for the vision of family governance the author has been developing through his work and research. His advice addresses not only what to do but how to think about the complex issues of family governance, growth, and stability and the ongoing challenge of nurturing the happiness of each family member.

This Palgrave Pivot examines the essence of competence value in corporate and small business finance, offering empirical evidence to better understand financial practices within entrepreneurial settings. Mantovani suggests an innovative methodology to detect the financial value of entrepreneurial capabilities. He shows how the concept of competence value and T-ratio, its measurement tool, are necessary to arrange sound entrepreneurial finance deals. This book opens with an analysis of how entrepreneurial skills contribute to the economics of entrepreneurial business, and then provides a financial background to estimate the competence value even when the financial markets fail to do so. The book goes on to introduce the idea of an entrepreneurial life-cycle made of stages based on the transformation of human skills into competitive hallmarks. Applications across a large sample of companies and Mantovani's concluding suggestions about the financial practice make this book essential to both academics and executives.

Ed Ponsi's straightforward guide to understanding technical analysis Technical Analysis and Chart Interpretations delivers simple explanations and easy-to-understand techniques that demystify the technical analysis process. In his usual straightforward style, bestselling author Ed Ponsi guides you through the twists and turns to show you what really matters when it comes to making money. Whether you trade stocks, currencies, or commodities, you'll develop invaluable skills as you master difficult concepts and the tools of the trade. Technical analysis translates to any form of trading, and this book delivers clear, jargon-free guidance toward interpreting the various charts you'll see in the field. Technical analysis can be confusing. Volatility, cycles, Elliot waves, Fibonacci, trends it's easy to get lost, and most of the available literature is incomprehensible to all but the experts. This book is different it's technical analysis for the rest of us. You'll see through the language to understand the underlying concepts, and how to apply them correctly. * Learn what true technical analysis entails * Discover the tools that simplify accurate analysis * Master the tactics and strategies used by the pros * Develop a valuable trading skill that transcends markets Simply recognizing the vocabulary isn't nearly enough, and a passing acquaintance with the topic is guaranteed to do more harm than good. When technical analysis methods are used incorrectly, they are ineffective at best, and actively destructive to your bottom line at worst. Technical Analysis and Chart Interpretations cuts through the confusion to give you a firm understanding and the skills to apply it correctly.

Much of current management literature focuses on a limited set of 'classical' value levers, such as cost reduction, sales optimization or mergers & acquisitions, thus neglecting another core value lever: capital investments. That capital investments receive such limited attention is all the more surprising when one considers how vitally important they are to the economy as a whole as well as individual businesses.

There is significant value-creation potential in optimizing capital investments. Investments not only determine the asset structure of a venture. They also enable the introduction of new products structural cost reductions. The book focuses on core questions to be answered in the critical design and realization phase of new investments: Right positioning - does the competitive situation allow the investment to be successfulRight technology - how to optimize timing and risks of technology innovationsRight timing - how to cope with economic cyclesRight size - how to identify the optimum size of an assetRight location - how to find the best location for an assetRight design - how to make investments lean and flexibleRight financing - how to structure the investment financing

The book features an introductory section that provides an overview of investments across the globe, across industries and across time provides practical advice on how to allocate capital to several projects within a company's investment portfolio.

"Optimising Fixed Asset Investment" is illustrated with real world examples from a range of industries. This book is essential reading for managers faced with challenges of making individual or portfolio capital investment decisions and who are responsible for managing these capital assets over their entire asset lifecycle. The ideas put forward within the book will help to sharpen the focus of management on the impact capital investments have on the well-being and growth of their companies.

"Optimizing Fixed Asset Investments" is a strategic manual for everyone involved or interested in large fixed-capital investments.

Nominated for the FT/McKinsey Business Book of the Year Nominated for the Carnegie Medal for Excellence in Nonfiction Amazon Top 5 Business Books of 2017 'A prodigious feat of reporting' - Malcolm Gladwell 'Black Edge has the grip of a thriller ... Everyone should read this book' - David Grann, New York Times bestselling author of THE LOST CITY OF Z How do super-rich bankers get away with it? There is a powerful new class of billionaire financiers in the world, who use their phenomenal wealth to write their own rules and laws. Chief among them is Steven Cohen, a Wall Street legend, and the basis for Damian Lewis's character in BILLIONS, who built his hedge fund into a $15 billion empire on the basis of wizard-like stock trading, and who flies to work by helicopter and owns one of the largest private art collections in the world. But his iconic status was shattered when his fund became the target of a sprawling FBI investigation into insider trading, charged with using illegal inside information - or 'black edge' - to beat the market. His firm, SAC Capital, was ultimately indicted and pled guilty to charges of securities and wire fraud, and paid record criminal and civil fines of nearly $2 billion. But even as the company bearing his name pled guilty, Cohen himself was never charged, and is free to start trading publicly again from January 2018. Black Edge offers a revelatory look at the grey zone in which so much of Wall Street functions, and a window into the transformation of the worldwide economy. With meticulous reporting and powerful storytelling, this is a riveting, true-life legal thriller that takes readers inside the US government's pursuit of Cohen and his employees, and raises urgent questions about the power and wealth of those who sit at the pinnacle of the financial world.

Praise for "The Dhandho Investor"

"Mohnish Pabrai is a relentlessly insightful thinker who delights in decoding the esoteric world of finance and also knows how to tell a good yarn. Whether you're mystified by what drives stock prices up and down on Wall Street or you're sure you know, you'll understand better when you read this book. Pabrai's tales of high finance and his clever examination of the core principles of deep value are packed with handy ideas you should use in your own investing."
--Stephane Fitch, European Bureau Chief, Forbes

"I read The Dhandho Investor from start to finish in one sitting--I couldn't put it down. Mohnish shares the 'secrets' of his extraordinary success and has made a significant contribution to the literature on value investing."
--Whitney Tilson, General Partner and founder of T2 Partners LLC
Managing Editor and founder of Value Investor Insight
Chairman of Value Investing Congress

"All of the techniques you need to attain high returns on your investments are here, explained through the examples of successful entrepreneurs and of Pabrai, himself an accomplished prodigy of Buffett's methods. Everyone must understand this methodology if they are to do well in the stock market."
--Timothy Vick, Senior Portfolio Manager, The Sanibel Captiva Trust Co.,
author of How to Pick Stocks Like Warren Buffett

"The Dhandho Investor has nailed it! Pabrai has simplified the strategy for successful investing. 'Heads, I win; tails, I don't lose much!' I don't have to buy a whole business, just purchase the publicly traded stocks of a few 'right' businesses. I suggest this book to anyone looking to hone their investmentskills."
--Patrick Fitzgerald, President, Fitzgerald Management

This important volume presents the key articles which illuminate the history and development of international investment during the past 100 years. It examines theoretical approaches to both direct and portfolio foreign investment. The final section takes a comparative perspective and pays attention to Japanese foreign investment and to direct investment from less developed countries.

Using the letters Warren Buffett wrote to his partners between 1956 and 1970, a veteran financial advisor presents the renowned guru s ground rules for investing guidelines that remain startlingly relevant today.

In the fourteen years between his time in New York with value-investing guru Benjamin Graham and his start as chairman of Berkshire Hathaway, Warren Buffett managed Buffett Partnership Limited, his first professional investing partnership. Over the course of that time a period in which he experienced an unprecedented record of success Buffett wrote semiannual letters to his small but growing group of partners, sharing his thoughts, approaches, and reflections.

Compiled for the first time and with Buffett s permission, the letters spotlight his contrarian diversification strategy, his almost religious celebration of compounding interest, his preference for conservative rather than conventional decision making, and his goal and tactics for bettering market results by at least 10% annually. Demonstrating Buffett s intellectual rigor, they provide a framework to the craft of investing that had not existed before: Buffett built upon the quantitative contributions made by his famous teacher, Benjamin Graham, demonstrating how they could be applied and improved.

Jeremy Miller reveals how these letters offer us a rare look into Buffett s mind and offer accessible lessons in control and discipline effective in bull and bear markets alike, and in all types of investing climates that are the bedrock of his success. Warren Buffett s Ground Rules paints a portrait of the sage as a young investor during a time when he developed the long-term value-oriented strategy that helped him build the foundation of his wealth rules for success every investor needs today.

This volume of International Finance Review focuses on the Asia-Pacific financial markets. A total of 22 original papers, not published elsewhere, have been selected from a competitive field. These papers utilize a variety of methods, including theoretical, empirical and qualitative to highlight a range of issues across the region. Several papers offer combinations of these different categories and among the empirical papers, there are a wide variety of datasets analyzed. While China does play a significant part in the analysis of five of the papers in this volume (this is to be expected given its importance in the region), a host of other countries are also considered. This ensures the volume is truly international in its scope. These papers each serve to contribute to the knowledge on a particular issue related to the financial markets within this region and for this volume, three main issues have been identified: integration, innovation and challenges.
*Articles contributed by experts in their fields
*Truly international in scope

Your One-Stop-Shop in the Home Buying Process
What Every Homeowner Needs to Know Before They Sign on the Dotted Line
Thinking about buying a home? The dream of home ownership has become a reality for millions of people in the last few years.
With this book in hand, now it can be yours too.

What's Your Rate? How to Buy a Home and Secure Your Financial Future at the Same Time offers a unique perspective into the process of buying a home. At the same time, it helps you to formulate a financial plan and put together your financial team. Don't neglect to consider your insurance needs, investment strategies, college funding, estate planning or passing on a legacy. These critical factors are often overlooked while transacting what is, for most people, the single largest purchase they'll ever make--their home.
This definitive guide is unique in that all of the home buying and financial planning information is related through a compelling narrative centered on a young family--a family probably a lot like yours. They have grown out of their apartment and they are expecting a third child. When a suggestion from a trusted friend is followed--after a discouraging beginning into the home buying process--an all-encompassing plan soon unfolds.
Learn how to assemble your team of trusted advisors and put together a comprehensive plan for the future. This is a must read for anyone considering buying a home, and for the Core-7 business professional looking to create a system to help in that endeavor.

HOW ONE MAN FOUGHT AGAINST LARGE-SCALE FINANCIAL CORRUPTION ...AND WON

When Carlos Legaspy, Mexican-American owner of a rising broker-dealer, uncovered the inner workings of a nine- figure Ponzi scheme, he thought he was doing the right thing by sounding the alarm. Instead, the fraud's perpetrators shifted blame onto him, touching o a two-year saga of betrayal, fraud, and high-stakes financial drama that would extend over international borders and impact some of Wall Street's biggest players--and bring Legaspy's own business and reputation to the brink of destruction.

Going for Broke chronicles Legaspy's rise from the grandson of a junkyard owner in Mexico to the head of a successful broker-dealer to becoming an overnight pariah facing $40 million in legal claims for malfeasance he did not commit. To clear his name, Legaspy wages a multifront war against conniving attorneys, scheming financial advisors, aggressive regulators, and deep-pocketed banks in a race to save his company before the scandal leaves him bankrupt and his company in ruins. Legaspy's tale reminds us that, even in a cutthroat industry where "guilty until proven innocent" takes the place of due process and allies are few and far between, you're not down for the count as long as you can get back up and throw one more punch.

Maximize your chances of investment success with this accessible and profitable guide which pulls away the curtain to put you on a level footing with the professionals - and points out where the pros can get it wrong. Never in history has it been easier for private investors to get involved in the market, and changes in technology, regulation and access to information mean that the advantage experts may have had is fast disappearing. Written by Matthew Partridge, a financial journalist for the UK's leading investment magazine, Investing Explained is filled with real life examples and plain English summaries of research produced by banks and academics to separate fact from fiction when it comes to investment cliches. Investing Explained covers the basics for beginner investors and includes more in-depth advice for those with more experience. Benefit from an overview of behavioural psychology (and how you can profit from the irrational behaviour of others), advice on fintech apps and cryptocurrencies, and the impact of a political or economic crisis on your investments. Access the stock market with this invaluable guide and build an investment portfolio which can secure your financial future.

Michael Migendt explains the role of alternative investments in supporting the growth of a sustainable economy and recognizes levers that policy makers, managers and entrepreneurs could use for further accelerating green innovation through finance. He focuses on specific examples of alternative investments into green industries, companies, projects, and infrastructure, covering the developments along the innovation chain. Especially the acceleration of green technologies and the in this context occurring interrelations between the three areas of finance, innovation, and policy are key to this work.

This book offers 14 contributions that examine key questions in bank decision-taking,constitution of confidence in banks and risk management practices from Early Modernity to the twentieth century. It explores how the various mechanisms of bank decision taking changed over time. Chapters also analyse the types of risk management techniques used, the contributory factors to the constitution of confidence and the methods that banking historians can use to analyse and describe bankers risk management and decision taking - from system theory to behavioural finance, new institutional economics to praxeology and convention theory to network analysis. The different methodological approaches are put to the test in case studies based on archive material from four hundred years of banking in order to connect banking history more closely to political and cultural history.

This book argues that economic activity in the public sphere now underwrites private corporations, and rejects rigid adherence to traditional economic theories that no longer apply. Adam Smith's widely used "merchant's model" assumes that most investment is private, when in fact research demonstrates that public investment in the workforce through education and training far outweighs the private sector, and does not account for the growing presence of consensual pricing, the diversification of modern businesses, or the increasing internal authoritarianism of globalizing companies. With de facto public support for these adaptations undermining the universally presumed economic model, private corporations are able to increase their profits while misrepresenting the investment of their own global labor forces. This book suggests an "economy of laws" solution that balances the needed degree of central investment planning with the continuation of our pluralist economy of largely autonomous firms, principally by extending the full rights of citizens into the workplace itself.