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Books > Money & Finance > Investment & securities > General
In Advanced Equity Derivatives: Volatility and Correlation,
Sebastien Bossu reviews and explains the advanced concepts used for
pricing and hedging equity exotic derivatives. Designed for
financial modelers, option traders and sophisticated investors, the
content covers the most important theoretical and practical
extensions of the Black-Scholes model. Each chapter includes
numerous illustrations and a short selection of problems, covering
key topics such as implied volatility surface models, pricing with
implied distributions, local volatility models, volatility
derivatives, correlation measures, correlation trading, local
correlation models and stochastic correlation. The author has a
dual professional and academic background, making Advanced Equity
Derivatives: Volatility and Correlation the perfect reference for
quantitative researchers and mathematically savvy finance
professionals looking to acquire an in-depth understanding of
equity exotic derivatives pricing and hedging.
Since its original publication in 1949, Benjamin Graham’s revered
classic, The Intelligent Investor, has taught and inspired millions of
people worldwide and remains the most respected guide to stock market
investing. Graham’s timeless philosophy of “value investing” helps
protect investors against common mistakes and teaches them to develop
sensible investment strategies that will serve them throughout their
lifetime.
Market developments over the past seven decades have borne out the
wisdom of Graham’s basic policies, and in today’s volatile market, The
Intelligent Investor remains essential. It is the most important book
you will ever read on making the right decisions to protect your
investments and build long-term wealth.
Featuring updated commentaries which accompany every chapter of
Graham’s book—leaving his original text untouched—from noted financial
journalist Jason Zweig, this newly revised edition offers readers an
even clearer understanding of Graham’s wisdom and how it should be
applied by investors today.
This definitive edition, a personal finance classic, reveals Graham's
core investment principles for successful financial planning:
- Value Investing Philosophy: Learn Benjamin Graham's timeless
strategy of buying stocks for less than their intrinsic worth, a method
proven to protect investors from common mistakes.
- The Margin of Safety: Understand the central concept of investing
that defends your principal against loss and lays the foundation for
building long-term wealth.
- Timeless Investment Principles: Master sensible strategies for
portfolio policy, learn to distinguish speculation from true
investment, and manage market fluctuations without letting emotion
guide your decisions.
- Modern Market Commentary: Gain a clearer understanding of how to
apply Graham's wisdom today with updated chapter-by-chapter analysis
from financial journalist Jason Zweig and insights from Warren Buffett.
Investing for a Lifetime is designed to make saving and investing
understandable to the investor. Wharton Professor Richard C.
Marston, 2014 recipient of the Investment Management Consultants
Association s prestigious Matthew R. McArthur Award, guides an
investor through the main investment decisions throughout a
lifetime. Investing for a Lifetime shows: * how younger investors
can set savings goals * how both younger and older investors can
choose investment portfolios to achieve these goals * how investors
can sustain spending once reaching retirement. Younger and older
investors alike should understand savings goals that will provide
enough income to sustain spending in retirement. They should devise
rates of saving that allow them to reach their goals by the time of
retirement. Though retirement is often the main goal of investing,
it s not the only one. Marston discusses how funding a child s
education or saving for a down payment for a home affects overall
saving. Sensible investing is also necessary for savings goals to
be realized. Investing need not be complicated, but Marston
explains that a diversified portfolio should include a mix of
different types of U.S. stocks, foreign stocks, real estate as well
as bonds. He describes each of these asset classes and shows how
they fit in an investor s portfolio. He shows how investors can
monitor the performance of their portfolios by establishing
benchmarks for each asset class to judge how well their investments
are doing. He focuses particular attention on those investors
nearing retirement. In today s low interest rate environment, he
discusses whether it is possible to fund retirement from interest
and dividends alone. He shows how savings combined with Social
Security can fund retirement spending. And he asks how the New
Normal of lower returns might force investors to save more than in
past decades, and to spend less in retirement than in the past.
Investing for a Lifetime is for investors who want to understand
more about the savings and investment process, particularly those
who worry about whether their retirement savings will last a
lifetime.
Computational Finance Using C and C#: Derivatives and Valuation,
Second Edition provides derivatives pricing information for equity
derivatives, interest rate derivatives, foreign exchange
derivatives, and credit derivatives. By providing free access to
code from a variety of computer languages, such as Visual
Basic/Excel, C++, C, and C#, it gives readers stand-alone examples
that they can explore before delving into creating their own
applications. It is written for readers with backgrounds in basic
calculus, linear algebra, and probability. Strong on mathematical
theory, this second edition helps empower readers to solve their
own problems. *Features new programming problems, examples, and
exercises for each chapter. *Includes freely-accessible source code
in languages such as C, C++, VBA, C#, and Excel.. *Includes a new
chapter on the history of finance which also covers the 2008 credit
crisis and the use of mortgage backed securities, CDSs and CDOs.
*Emphasizes mathematical theory.
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