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“More Money Than God: Hedge Funds and the Making of a New Elite” Sebastian introduces new ideas and debates criticisms without ever skirting myopia. The LTCM and Quantum (George Soros) chapters are especially good, but reading any less than the entire book would be doing yourself a disservice. And this is coming from someone who took three years to finish reading it. It's a testament to the merit of Mallaby's book that I now have some sympathy for financial traders. Up to this point, the books I've read about Wall Street have all been scathing. Let us know what’s wrong with this preview of More Money Than God by Sebastian Mallaby. Mallaby describes various hedge funds and their effect on markets, often explaining how these hedge funds defied the ‘laws’ of finance. Indeed, it is illustrated how hedge funds managers were able to generate above-market returns by finding statistical anomalies, patterns, asymmetrical bets, and sometimes by ‘simply’ p...

What is the best way to learn to do financial modelling? Examining the past in an analytical context is only half the story (or less). Developing an understanding of how a company's financial statements might look in the future is often the key to equity valuation. Again, the historic trend is a good place to start when forecasting expenses. Acknowledging that there are big differences between the fixed costs and variable costs incurred by a business, analysts are smart to consider both the dollar amount of costs and their proportion of revenue over time. If selling, general and administrative (SG&A) expense has ranged between 8% and 10% of revenue in the past ten years, then it is likely to fall into that range in the future. The kind of success achieved by value investors like Warren Buffett, John Neff, and Michael Price should serve as proof enough for the same, all of whom swear by this classic. Written barely five years after the Great Depression of 1929, this work was ori...

The 8 Best Books for Learning About Stocks in 2020 To ask other readers questions aboutCapital Markets and Investments,please sign up. Mid-career professionals in another industry, serving financial services clients, need to understand the basics of financial markets better. For example, Fintech professionals with a technology background are looking to connect more with mainstream finance companies. Though it may not provide a direct system for trading, it is extremely thoughtful and deepens one’s understanding of how the financial markets work. The book may be a bit dense but it is rewarding for those who are willing to finish it. There are many stock trading books out there that can help investors expand their stock education. This list highlights 20 great stock markets books every trader should read. This intermediate book on the financial capital markets goes beyond basic financial concepts, and discusses the plumbing and the mechanics of the markets. It requires no prior back...

Financial Book reviews – 39 Months This is an easy book to read, not overly complicated and full of abstract formulas and charts. It really has the potential to positively change its readers' view on the financial world and how to live in it. We all have our own set of beliefs about money which shows up in our day-to-day lives with how we spend and save. This book helps you shed some of the long held beliefs that may not be serving your financial goals. I love how straightforward this book is written and takes something complex (investing and tax codes) and makes it incredibly simple. I intend to give this book to my brother as one of his wedding presents. Really hope he will read it and change his outlook on savings/investing/saving for retirement (and hope for a better outcome than my unsuccessful attempt on giving him “the millionaire next door”). I consider this blog to be one of the most important sources of personal financial advice on the internet. Your first au...

How to Handle a Painfully Unpredictable Market Other large decline prediction models are call option prices exceeding put prices, Warren Buffett's value of the stock market to the value of the economy adjusted using BSEYD ideas and the value of Sotheby's stock. We present research on the positive effects of FOMC meetings and small cap dominance with Democratic Presidents. We discuss his methods for stock market predictability using momentum and FED actions. These helped him become the leading analyst and we show that his ideas still give useful predictions in . We study small declines in the five to fifteen percent range that are either not expected or are expected but when is not clear. The method addresses the challenge that arises with high dimensional data in which exogenous variables are too numerous or immeasurable to be accounted for and used to make a forecast. The method identifies the single variable of primary influence on the time series, or "primary factor...

Wiley Finance: Investment Banking : Valuation, Leveraged Buyouts, and Mergers and Acquisitions 881 by Joshua Rosenbaum and Joshua Pearl This book fills a noticeable gap in contemporary finance literature, which tends to focus on theory rather than practical application. It focuses on the primary valuation methodologies currently used on Wall Street—comparable companies, precedent transactions, DCF, and LBO analysis—as well as M&A analysis. The ability to perform these methodologies is especially critical for those students aspiring to gain full-time positions at investment banks, private equity firms, or hedge funds. This is the book Rosenbaum and Pearl wish had existed when we were trying to break into Wall Street. Investment Banking, Second Edition will make sure you are prepared. This is how I got started learning about investment banking, and this is what ultimately led to my offer. I thought it was very helpful, but you need to actually do the valuation to get it. F...

Derivatives Essentials: An Introduction to Forwards, Futures, Options and Swaps 1st edition Pricing and valuation is important, but understanding the fundamental nature of each product is critical--it gives you the power to wield them more effectively, and exploit their natural behaviors to achieve both short- and long-term market goals. Derivatives Essentials provides the clarity and practical perspective you need to master the effective use of derivative securities products. Pricing and valuation is important, but understanding the fundamental nature of each product is critical—it gives you the power to wield them more effectively, and exploit their natural behaviors to achieve both short- and long-term market goals. Trading strategies and techniques are illustrated with the help of practical examples to help readers develop practical understanding and confidence in their abilities to trade in derivatives. Forwards, futures, swaps and options are some of the basic types of deriv...

Derivatives Essentials: An Introduction to Forwards, Futures, Options and Swaps: A Review Derivatives Essentials The author presents some of the basic concepts related to interest rate swaps and records how several derivatives trace their evolution to them. Entry-level professionals, laymen, and students would find this work to be of great value in acquiring a fundamental knowledge of futures and options along with other derivatives. Unlike an interest rate swap, the parties to a currency swap will exchange principal amounts at the beginning and end of the swap. The two specified principal amounts are set so as to be approximately equal to one another, given the exchange rate at the time the swap is initiated. Fixed price can refer to a leg of a swap where the payments are based on a constant interest rate, or it can refer to a price that does not change. A swap is a derivative contract through which two parties exchange financial instruments, such as interest rates, commodities or for...

The International Handbook of Shipping Finance : Theory and Practice All chapters are written to provide implications for further advancement in professional practice and research. This book is a major work that focuses exclusively on ship finance and includes contributions on the increasingly complex field of ship finance, which has over the last two decades become a key aspect in the world of shipping and ship owning. The book offers an enlightening mix of theoretical analysis and well-founded practical insights into the daily markets. The overall adoption likelihood is found to be still relatively uncertain since two of its factor groups indicate that it is likely, whereas the other two factor groups indicate that it is unlikely. Nonetheless, insights from interviewees led to the belief that some obstacles to blockchain adoption currently posed by aspects of the industry as well as the technology itself will likely be overcome in the future. Therefore, this would suggest that adopti...

How to Get Funding for a Business Many more people could become angels based on a net worth of $1 million or more. In fact, if we throw in the equity crowd funding groups that allow people to invest with just $5k, the potential universal set of US investors willing to play the tech startup roulette is massive. Christopher among many other roles has also served as a public CFO with Irish Software company IONA Technologies and will discuss his experiences as a business angel and his learnings from investing. Angel investors are high net-worth people who invest his or her own money in a business and in return, get an equity share of that company. The late 1990s were a boom time for venture capital, as firms on Sand Hill Road in Menlo Park and Silicon Valley benefited from a huge surge of interest in the nascent Internet and other computer technologies. Initial public offerings of stock for technology and other growth companies were in abundance, and venture firms were reaping large return...

Lessons in Corporate Finance: A Case Studies Approach to Financial Tools, Financial Policies, and Valuation He is an expert in corporate finance and has written about various areas of corporate finance such as mergers, equity issues, LBOs, and dividend policy. The authors made good use of legitimate cases to explain better how one aspect of corporate finance is applicable to the said event. More importantly, they use significant events to bring a sense of familiarity to the reader and to allow them to do further research about the topic easily. These real-world cases materialize the application of financial skills in the corporate world and bring readers closer to the concepts. THE HOLY BIBLE KING JAMES VERSION - NOT AVAILABLE (NA) - NEW HARDCOVER BOOK A business can withstand bad products, ineffective marketing, and negative earnings yet still stay in business—as long as there's positive cash flow. The book covers different topics of corporate finance, such as financial policy, c...