Ebook Categories :: Economic ::

Showing posts with label Economic. Show all posts

Never Buy Another Stock Again

Download Ebook Never Buy Another Stock Again: The Investing Portfolio That Will Preserve Your Wealth and Your Sanity By David Gaffen

Stop buying stocks! An investing strategy that works when buying individual stocks doesn’t Why buying stocks is an even worse strategy than you thought How to cut costs and risks, earn solid returns, and sleep at night By top Reuters financial journalist David Gaffen, founder of The Wall Street Journal’s MarketBeat Millions of people have sacrificed their futures to disastrous stock performance. But you don’t have to “suck it up” and accept massive losses. Never Buy Another Stock Again offers you a common-sense approach to investing that helps you earn solid returns with less cost, less risk, and less fear. Top financial journalist David Gaffen identifies portfolio components and asset classes that make sense when individual stocks don’t…shows how to avoid trendy new investments that are just as bad as stocks…helps you use cash wisely, carefully profit from ETFs and index funds, and offset the risks of any stocks you choose to keep. Want to build wealth that won’t be washed away by the next stock price collapse? Never Buy Another Stock Again!

Never Buy Another Stock Again: The Investing Portfolio That Will Preserve Your Wealth and Your Sanity By David Gaffen

2010 | 256 Pages | ISBN: 0137071558 | PDF | 3 MB

Download

Download Ebook Managing Downside Risk in Financial Markets

Quantitative methods have revolutionized the area of trading, regulation, risk management, portfolio construction, asset pricing and treasury activities, and governmental activity such as central banking to name but some of the applications.

Downside-risk, as a quantitative method, is an accurate measurement of investment risk, because it captures the risk of not accomplishing the investor's goal. 'Downside Risk in Financial Markets' demonstrates how downside-risk can produce better results in performance measurement and asset allocation than variance modelling. Theory, as well as the practical issues involved in its implementation, is covered and the arguments put forward emphatically show the superiority of downside risk models to variance models in terms of risk measurement and decision making. Variance considers all uncertainty to be risky.

Downside-risk only considers returns below that needed to accomplish the investor's goal, to be risky. Risk is one of the biggest issues facing the financial markets today. 'Downside Risk in Financial Markets' outlines the major issues for Investment Managers and focuses on "downside-risk" as a key activity in managing risk in investment/portfolio management. Managing risk is now THE paramount topic within the financial sector and recurring losses through the 1990s has shocked financial institutions into placing much greater emphasis on risk management and control. Free Software Enclosed To help you implement the knowledge you will gain from reading this book, a CD is enclosed that contains free software programs that were previously only available to institutional investors under special licensing agreement to The pension Research Institute. This is our contribution to the advancement of professionalism in portfolio management. The Forsey-Sortino model is an executable program that:

1. Runs on any PC without the need of any additional software.
2. Uses the bootstrap procedure developed by Dr. Bradley Effron at Stanford University to uncover what could have happened, instead of relying only on what did happen in the past. This is the best procedure we know of for describing the nature of uncertainty in financial markets.
3. Fits a three parameter lognormal distribution to the bootstrapped data to allow downside risk to be calculated from a continuous distribution. This improves the efficacy of the downside risk estimates.
4. Calculates upside potential and downside risk from monthly returns on any portfolio manager.
5. Calculates upside potential and downside risk from any user defined distribution.

Forsey-Sortino Source Code: 1. The source code, written in Visual Basic 5.0, is provided for institutional investors who want to add these calculations to their existing financial services. 2. No royalties are required for this source code, providing institutions inform clients of the source of these calculations. A growing number of services are now calculating downside risk in a manner that we are not comfortable with.

Therefore, we want investors to know when downside risk and upside potential are calculated in accordance with the methodology described in this book.
Riddles Spreadsheet:
1. Neil Riddles, former Senior Vice President and Director of Performance Analysis at Templeton Global Advisors, now COO at Hansberger Global Advisors Inc., offers a free spreadsheet in excel format.
2. The spreadsheet calculates downside risk and upside potential relative to the returns on an index Brings together a range of relevant material, not currently available in a single volume source Provides practical information on how financial organisations can use downside risk techniques and technological developments to effectively manage risk in their portfolio management Provides a rigorous theoretical underpinning for the use of downside risk techniques.

This is important for the long-run acceptance of the methodology, since such arguments justify consultant's recommendations to pension funds and other plan sponsors

Frank Sortino , Stephen Satchell , "Managing Downside Risk in Financial Markets"

English | 2001 | ISBN: 0750648635 | 272 pages | PDF | 1.22 MB

Download

Richard D. Wolff - Capitalism Hits the Fan: The Global Economic Meltdown and What to Do About It

Published: 2009-10-12 | ISBN: 156656784X | EPUB + MOBI | 262 pages | 3 MB "

With unerring coherence and unequaled breadth of knowledge, Rick Wolff offers a rich and much needed corrective to the views of mainstream economists and pundits. It would be difficult to come away from this... with anything but an acute appreciation of what is needed to get us out of this mess." --Stanley Aronowitz, Distinguished Professor of Sociology and Urban Education, City University of New York Capitalism Hits the Fan chronicles one economist's growing alarm and insights as he watched, from 2005 onwards, the economic crisis build, burst, and then dominate world events. The argument here differs sharply from most other explanations offered by politicians, media commentators, and other academics. Step by step, Professor Wolff shows that deep economic structures--the relationship of wages to profits, of workers to boards of directors, and of debts to income--account for the crisis. The great change in the US economy since the 1970s, as employers stopped the historic rise in US workers' real wages, set in motion the events that eventually broke the world economy. The crisis resulted from the post-1970s profit explosion, the debt-driven finance-industry expansion, and the sequential stock market and real estate booms and busts. Bailout interventions by the Federal Reserve and the US Treasury have thrown too little money too late at a problem that requires more than money to solve. As this book shows, we must now ask basic questions about capitalism as a system that has now convulsed the world economy into two great depressions in 75 years (and countless lesser crises, recession, and cycles in between). The book's essays engage the long-overdue public discussion about basic structural changes and systemic alternatives needed not only to fix today's broken economy but to prevent future crises.

Download