Unlike some other reproductions of classic texts (1) We have not used OCR(Optical Character Recognition), as this leads to bad quality books with introduced typos. (2) In books where there are images such as portraits, maps, sketches etc We have endeavoured to keep the quality of these images, so they represent accurately the original artefact. Although occasionally there may be certain imperfections with these old texts, we feel they deserve to be made available for future generations to enjoy.

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 expected from the investment. Investment management is a concise, yet comprehensive introduction to investment analysis and portfolio management, specifically in South Africa. Investment management focuses on investment in financial assets such as shares and bonds, and explains fundamental and technical analysis. It investigates portfolio management and how derivative instruments such as futures, options and swaps may be used for this purpose. In addition, a chapter is devoted to the foreign exchange market and its management. The book provides a comprehensive framework and a thorough network of guidelines, with self-assessment questions at the end of each chapter. It is written with the Chartered Financial Analyst (CFA(R)) Level I learning outcomes for investment analysis and portfolio management in mind. Investment management aims to prepare undergraduate investment management students for postgraduate study.

""Minervini has run circles around most PhDs trying to design systems to beat the market."" -- JACK SCHWAGER, bestselling author of Stock Market Wizards

""Mark's book has to be on every investor's bookshelf. It is about the most comprehensive work I have ever read on investing in growth stocks."" -- DAVID RYAN, three-time U.S. Investing Champion

"" Minervini is] one of the most highly respected independent traders of our generation. His experience and past history of savvy market calls is legendary."" -- CHARLES KIRK, The Kirk Report

""One of Wall Street's most remarkable success stories."" -- BEN POWER, Your Trading Edge THE INVESTOR'S GUIDE TO SUPERPERFORMANCE

Dramatically increase your stock market returns with the legendary SEPA system

For the first time ever, U.S. Investing Champion Mark Minervini reveals the proven, time-tested trading system he used to achieve triple-digit returns for five consecutive years, averaging 220% per year for a 33,500% compounded total return.

In "Trade Like a Stock Market Wizard," Minervini unveils his trademarked stock market method SEPA, which provides outsized returns in virtually every market by combining careful risk management, self-analysis, and perseverance. He explains in detail how to select precise entry points and preserve capital--for consistent triple- digit returns.

Whether you're just getting started in the stock market or you're a seasoned pro, Minervini will show how you how to achieve SUPERPERFORMANCE You'll gain valuable knowledge as he shares lessons, trading truths, and specific tactics--all derived from his 30-year career as one of America's most successful stock traders.

"Trade Like a Stock Market Wizard" teaches you: How to find the best stocks before they make big price gains How to avoid costly mistakes made by most investors How to manage losses and protect profits How to avoid high-risk situations Precisely when to buy and when to sell How to buy an IPO Why traditional valuation doesn't work for fast-growing Superperformers Examples of Minervini's personal trades with his comments

With more than 160 chart examples and numerous case studies proving the remarkable effectiveness of Minervini's methodology, "Trade Like a Stock Market Wizard" puts in your hands one of the most effective and--until now--secretive stock investing systems in the world.

MARK MINERVINI has a trademarked stock market method that produces outsized returns in virtually every market. It's called Specific Entry Point Analysis--SEPA--and it has been proven effective for selecting precise entry points, preserving capital and profi ts with even more precise exit points--and consistently producing triple-digit returns.

Now, in "Trade Like a Stock Market Wizard," Minervini shares--for the fi rst time ever--his coveted methodology with investors like you

Literary Nonfiction. Philosophy. Economics & Statistics. Translated from the German by Karen Leeder. Acclaimed poet, essayist, and cultural critic Hans Magnus Enzensberger takes a fresh, sobering look at our faith in statistics, our desire to predict the future, and our dependence on fortuitousness. Tracing the interface between chance and probability in medical diagnostics, risk models, economics, and the fluctuations of financial markets, FATAL NUMBERS goes straight to the heart of what it means to live, plan, and make decisions in a globalized, digitized, hyperlinked, science-driven, and uncertain world. Foreword by Gerd Gigerenzer. Illustrations by David Fried.

For undergraduate courses in Investments. The Core Concepts and Tools Students Need to Make Informed Investment Decisions Fundamentals of Investing helps students make informed investment decisions by providing a solid foundation of core concepts and tools. Smart/Gitman/Joehnk use practical, hands-on applications to introduce the topics and techniques used by both personal investors and money managers. The authors integrate a consistent framework based on learning goals to keep students focused in each chapter. Students leave the course with the necessary information for developing, implementing, and monitoring a successful investment program. The Thirteenth Edition uses a conversational tone to make the foreign language, concepts, and strategies of investing accessible to a student audience. With the help of examples throughout, students learn to make informed decisions in order to achieve investment goals. The book focuses on both individual securities and portfolios, teaching students to consider the risk and return of different types of investments and how to use this knowledge to develop, implement, and monitor goals. MyFinanceLab(TM) not included. Students, if MyFinanceLab is a recommended/mandatory component of the course, please ask your instructor for the correct ISBN and course ID. MyFinanceLab should only be purchased when required by an instructor. Instructors, contact your Pearson representative for more information. MyFinanceLab is an online homework, tutorial, and assessment product designed to personalize learning and improve results. With a wide range of interactive, engaging, and assignable activities, students are encouraged to actively learn and retain tough course concepts.

Many people are intimidated by the stock market and choose instead to put their money into savings accounts that pay very little. They believe that: - Buying shares is too risky - Buying shares is too complicated - You need a lot of money for it to be worthwhile. But none of these things are true and this book explains why. It provides a simple and accessible introduction to the basic principles of investing in the stock market. With an understanding of these, and a consistent approach to investment, you can make a good return from stocks and shares. In this book you will discover: - How to use the way you and others behave to your advantage; - How to get more than you pay for; - How to increase your wealth over time by consistently following some really simple steps. Contents: About the author; 1. Introduction; 2. So who do you think you are?; 3. Think like a machine; 4. The journey begins; 5. Understand the business not the share price; 6. Selecting your shares; 7. Time is your ally - the Harley Davidson example; 8. The share price - get what you don't pay for; 9. Risky business; 10. Revenue and pre-tax profit. Are they getting bigger?; 11. Is the company making a lot of money from the money it spends or spending a lot of the money it makes?; 12. Consistent investing can pay dividends; 13. Buy companies that can live within their means; 14. A great company has quality leadership; 15. Don't just buy eggs and have more than one basket; 16. Does size matter?; 17. A global perspective; 18. Two apples don't make an orange; 19. Investment fads - how they happen and why they are bad for your wealth; 20. The future isn't what it used to be; 21. Cost averaging; 22. Some work examples; 23. Tesco; 24. Amur Minerals Corporation; 25. Marks and Spencers Group; 26. AstraZeneca; 27. William Hill; 28. British American Tobacoo; 29. QinetiQ Group; 30. Interior Services Group; 31. Screening for value shares - low risk and high reward; 32. Now you own your own business; 33. There is a time to sell; 34. The craft of consistent investing; 35. Some additional signposts; 36. Guiding principles for the consistent investor; Index.

Commodities are basic goods used in commerce and are most often used as inputs in the production of other semi-finished or finished materials. They are very important products in our lives today and constitute non-negligible sources of income for many countries. This book serves as a guide to the marketing of these goods and provides scholars and commodity market participants with useful concepts, tools and guidelines to better organize and operate commodities exchanges. Issouf Soumare explains in detail commodities exchanges, from conceptualization of the exchange to its operationalization. He describes the architecture of a typical commodities exchange, looking at its trading and clearing functions, the warehouse receipt system and the regulatory framework. The book also presents practices of commodities exchanges around the world and discusses commodity products and instruments traded on these exchanges, their pricing and usage. This book is very useful and timely, as many emerging countries are setting up commodities exchanges. Academics interested in commodities and their marketing as well as industry professionals such as commodity traders, commodity exporters, risk managers, clearing officers, market makers, commodity producers, agricultural cooperatives, commodity processors, bankers, warehouse operators, and regulators will find this a useful reference.

The Financial Times Guide to Investing is the definitive introduction to the art of successful stock market investing. This investing bible debunks the myth that only the wealthy can afford to buy shares and shows you how you can be just as successful trading on your own as you would be employing a fund manager. You’ll discover that investing can be both profitable and fun and have all the tools you need to build a successful personal portfolio.

Bestselling author Glen Arnold takes you from the basics of what investors do and why companies need them through to the practicalities of buying and selling shares and how to make the most from your money. He describes different types of investment vehicles and advises you on how to be successful at picking companies, understanding their accounts, managing a sophisticated portfolio, measuring performance and risk and setting up an investment club.

The fourth edition of this investing classic has been thoroughly updated and will give you everything you need to choose your shares with skill and confidence.

This comprehensive book provides a complete overview of the international legal system of foreign investment protection. Proposing a simple, practical approach, it examines the problems one might face when studying or practising international investment law, including those arising from contemporary changes and controversies. In this incisive book, Arnaud de Nanteuil synthesises material from treaties, general international law, contracts and case law to demonstrate a coherent system of investment protection, rather than simply describing the law as it currently stands. Through this systematic approach, the book considers all aspects of the discipline, examining its history, the content of the law, investment arbitration, and its relationship with other areas of international law such as human rights, the environment and EU law. It also discusses answers to questions that remain open in current case law. Providing a thorough and accessible analysis, this book will be invaluable to both students and academics working in the field of international investment law, as well as practitioners who will appreciate its pragmatic style. Government officials and those working for international organisations in this area will also find its discussion of the possible future evolution of the law insightful.

Investment management is an introduction to investment analysis. The title focuses on investment in financial assets such as shares and bonds, and explains fundamental and technical analysis. It also investigates portfolio management and ways in which derivative instruments such as futures, options and swaps may be used for portfolio management. The authors of Investment management succeed in bringing an understanding of the relevant concepts across to the reader, while also stimulating interest in the topic. The title provides a framework and a thorough network of guidelines for the investment management student. It prepares the undergraduate student for postgraduate study, and is written with the Chartered Financial Analyst (CFA (R)) Level I learning outcomes for investment analysis and portfolio management in mind.

Everything on Treasuries, munis, bond funds, and more

"The bond buyer's answer book--updated for the new economy"

"As in the first two editions, this third edition of "The Bond Book" continues to be the ideal reference for the individual investor. It has all the necessary details, well explained and illustrated without excessive mathematics. In addition to providing this essential content, it is extremely well written."
--James B. Cloonan, Chairman, American Association of Individual Investors

"Annette Thau makes the bond market interesting, approachable, and clear. As much as investors will continue to depend on fixed-income securities during their retirement years, they'll need an insightful guide that ensures they're appropriately educated and served. "The Bond Book" does just that."
--Jeff Tjornejoh, Research Director, U.S. and Canada, Lipper, Thomson Reuters

"Not only a practical and easy-to-understand guide for the novice, but also a comprehensive reference for professionals. Annette Thau provides the steps to climb to the top of the bond investment ladder. "The Bond Book" should be a permanent fixture in any investment library "
--Thomas J. Herzfeld, President, Thomas Herzfeld Advisors, Inc.

"If the financial crisis of recent years has taught us anything, it's buyer beware. Fact is, bonds can be just as risky as stocks. That's why Annette Thau's new edition of "The Bond Book" is essential reading for investors who want to know exactly what's in their portfolios. It also serves as an excellent guide for those of us who are getting older and need to diversify into fixed income."
--Jean Gruss, Southwest Florida Editor, "Gulf Coast Business Review," and former Managing Editor, "Kiplinger's Retirement Report"

About the Book

The financial crisis of 2008 caused major disruptions to every sector of the bond market and left even the savviest investors confused about the safety of their investments. To serve these investors and anyone looking to explore opportunities in fixed-income investing, former bond analyst Annette Thau builds on the features and authority that made the first two editions bestsellers in the thoroughly revised, updated, and expanded third edition of "The Bond Book."

This is a one-stop resource for both seasoned bond investors looking for the latest information on the fixed-income market and equities investors planning to diversify their holdings. Writing in plain English, Thau presents cutting-edge strategies for making the best bond-investing decisions, while explaining how to assess risks and opportunities. She also includes up-to-date listings of online resources with bond prices and other information. Look to this all-in-one guide for information on such critical topics as: Buying individual bonds or bond funds The ins and outs of open-end funds, closed-end funds, and exchangetraded funds (ETFs) The new landscape for municipal bonds: the changed rating scales, the near demise of bond insurance, and Build America Bonds (BABs) The safest bond funds Junk bonds (and emerging market bonds) Buying Treasuries without paying a commission

From how bonds work to how to buy and sell them to what to expect from them, "The Bond Book," third edition, is a must-read for individual investors and financial advisers who want to enhance the fixed-income allocation of their portfolios.

Seize control of your financial future with rock-solid advice from two of the world's leading investment experts Investors today are bombarded with conflicting advice about how to handle the increasingly volatile stock market. From pronouncements of the "death of diversification" to the supposed virtues of crypto, investors can be forgiven for being thoroughly confused. It's time to return to the basics. In the 10th Anniversary Edition of The Elements of Investing: Easy Lessons for Every Investor, investment legends Burton G. Malkiel and Charles D. Ellis deliver straightforward, digestible lessons in the investment rules and principles you need to follow to mitigate risk and realize long-term success in the markets. Divided into six essential elements of investing, this concise book will teach you how to: Focus on the long-term and ignore short-term market fluctuations and movements Use employer-sponsored plans to supercharge your savings and returns and minimize your taxes Understand crucial investment subjects, like diversification, rebalancing, dollar-cost averaging, and indexing So, forget the flavor of the week. Stick with the timeless and invaluable advice followed by the world's most successful retail investors.

Elgar Advanced Introductions are stimulating and thoughtful introductions to major fields in the social sciences, business and law, expertly written by the world's leading scholars. Designed to be accessible yet rigorous, they offer concise and lucid surveys of the substantive and policy issues associated with discrete subject areas. Covering all aspects of federal securities law, this Advanced Introduction provides an excellent understanding of how U.S. securities regulation works, particularly as this emerging area of law becomes more prevalent for those working or involved in general corporate and commercial practices. It examines the definition of securities and how modern investment opportunities may be subject to this regulation as well as more traditional forms such as stocks or bonds. Key Features: Providing up to date information on the latest developments in securities law Presenting complex material in a clear and comprehensive format and defining key concepts Thoroughly reviewing significant Supreme Court cases, alongside the noteworthy statues and Securities and Exchange Commission Rules This informative book will be invaluable reading for practitioners and others engaged in the business and securities world looking for a detailed overview of U.S. securities law. It will also be a useful resource for lawyers, scholars, and policy advisors.

The definitive guide to long-term investing success-fully updated to address the realities of today's markets Technology, information overload, and increasing market dominance by expert investors and computers make it harder than ever to produce investing results that overcome operating costs and fees. Winning the Loser's Game reveals everything you need to know to reduce costs, fees, and taxes, and focus on long-term policies that are right for you. Candid, short, and super easy to read, Winning the Loser's Game walks you through the process of developing and implementing a powerful investing strategy that generates solid profits year after year. In this eagerly awaited new edition, Charles D. Ellis applies the expertise developed over his long, illustrious career. This updated edition includes: NEW CHAPTERS on bond investing, how investor behavior affects returns, and how technology and big data are challenging traditional investment decisions NEW RESEARCH and evidence supporting the case for indexing investment operations NEW INSIGHTS into the role of governance, developing a comprehensive saving strategy, and the power of regression to the mean Companies change, and markets and economies go up and down-sometimes a lot. But the core principles of successful investing never change-and never will. That's why, when you've read this book, you'll know all you really need to know to be successful in investing. With Winning the Loser's Game, you have everything you need to identify your unique investment objectives, develop a realistic and powerful investment program, and drive superior results.

The paperback of the critically acclaimed popular history book: the story of the South Sea Bubble which in Balen's hands becomes a morality tale for our times. A classic collision of political ambition, mercenary greed and financial revolution. The early years of the 18th-century produced two great monuments: one, Christopher Wren's new cathedral of St Paul's, an enduring testament to principled craft and masterful construction; the other, an empty fraud of such magnitude that its collapse threatened to overturn monarchies and governments. Its failure delayed the introduction of modern market economies by two generations. Yet the full scale of this monumental deceit was quietly covered up and hidden, its enduring legacy a poorly understood colloquialism: the South Sea Bubble. It was all planned by one ambitious promoter, who had decided to launch 'a company for carrying on an undertaking of great advantage, but nobody to know what it is'. This eighteenth-century mission statement has now acquired an almost uncanny resonance: these words could aptly have been applied to the bursting of the internet bubble and the collapse of Enron. With the financial scandals that have beset global companies recently, such as Rank Xerox and Worldcom, this tale is all the more relevant today. Balen reveals the full story of corruption and scandal that attended the birth of the first shareholder economy, and with it uncovers a parable for our times.