Описание: CAPITAL IDEAS Capital Ideas traces the origins of modern Wall Street, from the pioneering work of early scholars and the development of new theories in risk, valuation, and investment returns, to the actual implementation of these theories in the real world of investment management.
Описание: The book that launched value investing, with guidance and insights that stand the test of time
Автор: Graham, Benjamin Dodd, David Название: Security analysis ISBN: 0071592539 ISBN-13(EAN): 9780071592536 Издательство: McGraw-Hill Рейтинг: Цена: 9625.00 р. Наличие на складе: Поставка под заказ.
Описание: The bible of value investing--updated by today`svalue investing masters
Автор: Ziegel MR Arnold Название: Fundamentals of Credit and Credit Analysis ISBN: 1507727631 ISBN-13(EAN): 9781507727638 Издательство: Неизвестно Цена: 2966.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: Arnold Ziegel formed Mountain Mentors Associates after his retirement from a corporate banking career of more than 30 years at Citibank. The lessons learned from his experience in dealing with entrepreneurs, multinational corporations, highly leveraged companies, financial institutions, and structured finance, led to the development and delivery of numerous senior level credit risk training programs for major global financial institutions from 2002 through the present. This book was conceived and written as a result of the development of these courses and his experience as a corporate banker. It illustrates the fundamental issues of credit and credit analysis in a manner that tries to take away its mystery. The overriding theme of this book is that when an investor extends credit of any type, the goal is "to get your money back," and with a return that is commensurate with the risk. The goal of credit analysis is not to make "yes or no" decisions about the extension of credit, but to identify the degree of risk associated with a particular obligor or a particular credit instrument. This is consistent with modern banking industry portfolio management and the rating systems of credit agencies. Once the "riskiness" of an obligor or credit instrument is established, it can be priced or structured to match the risk demands or investment criteria of the entity that is extending the credit. A simple quote from Mr. J. P. Morgan is used often in this text - "Lending is not based primarily on money or property. No sir, the first thing is character." This statement represents one of the conflicts in modern credit analysis - that of models for decision making versus traditional credit analysis. The 2008 financial crisis was rooted in the mortgage backed securities business. Sophisticated models were used by investors, banks, and rating agencies to judge the credit worthiness of billions (and maybe trillions) of dollars worth of residential mortgage loans that were packaged into securities and distributed to investors. The models indicated that these securities would have very low losses. Of course, huge losses were incurred. Mr. Morgan had a good point. In this case is was both property and character. The properties that were the collateral for many of the mortgages had much less value than was anticipated. The valuation of the collateral was naive and flawed. Many assumptions were made that the value of homes would rise without pause. Many mortgage loans were made that were at or even above the appraised value of a residence. But character was a huge, perhaps larger, factor behind these losses. Many of the residential mortgage loans were made to individuals who knew that they did not have the income to make the required payments on the mortgages. Many of the mortgage brokers and lenders who made these loans also knew that many of the borrowers were not properly qualified. And, many of the bankers who securitized these loans also may have doubted the credit quality of some of the underlying mortgages. If bankers and rating agencies understood the extent of the fraud and lax standards in the fundamental loans backing the mortgage securities, or were willing to acknowledge it, the fiasco would not have occurred.
Автор: Little, Jeffrey B. Название: Understanding wall street ISBN: 0071633227 ISBN-13(EAN): 9780071633222 Издательство: McGraw-Hill Рейтинг: Цена: 2744.00 р. Наличие на складе: Поставка под заказ.
Описание: An investing classic--updated to meet the realities of a changing economy
Автор: Elton, Edwin J. Gruber, Martin J. Brown, Stephen J Название: Modern portfolio theory and investment analysis ISBN: 1119427290 ISBN-13(EAN): 9781119427292 Издательство: Wiley Рейтинг: Цена: 8862.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: Real-world examples are integrated throughout the pages to reinforce important concepts. The text demonstrates how to apply modern tools such as equilibrium theory to the management of a portfolio. Up-to-date with the rapidly changing environment of modern portfolio theory and investment analysis.
Mathematical proofs can be found in the footnotes, appendices, and specially noted sections of the text in order to enhance student application.
Автор: Graham, Benjamin Dodd, David Название: Security analysis ISBN: 0070244960 ISBN-13(EAN): 9780070244962 Издательство: McGraw-Hill Рейтинг: Цена: 13040.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: Rare is the opportunity to see, much less own, an original. But this unusual, carefully crafted reproduction of Benjamin Graham and David Dodd`s immortal Security Analysis gives you that chance--to read and treasure a true classic--the book that gave birth to value investing.
Описание: This is the first book to analyze the abuse of the internet for terrorism and crime purposes under two new perspectives: the persuasion and involvement of women and children as specific target user groups, and the development of new strategies to use extremist web forums as an open book in order to understand and gain insight into terrorist thinking. Web2.0 can be even more: an open door for dialogue, deradicalisation and ultimately a way out of the cocoon of terroristic isolation. This book presents the results of a unique cooperation between Israeli and German research centers with outstanding contributions to innovative security research. Two international conferences in Berlin in 2008 brought together worldwide leading authors both from academia and government. Most recent research results challenge the actual treatment of terroristic web forums by governmental agencies. This remarkable publication will open your eyes both on the real risks of terroristic web activities and new counter strategies from analysis to dialogue.
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