Ценные бумаги, инвестиции
Различные книги в жанре Ценные бумаги, инвестицииEngines That Move Markets
Find the most lucrative markets of the future by looking to the past
Some of the biggest technological innovations in the world have followed similar market and social patterns – scepticism is replaced by enthusiasm; venture capital is supplied; many companies are started and their stocks rise. But as the technology is developed and financial reality sets in, companies disappear, stocks collapse, and naive investors lose money.
Through exhaustive research, Alasdair Nairn captures this pattern and examines the impact that some of the greatest technological inventions of the past 200 years have had on financial markets and investors' fortunes. Each chapter explores a different technological innovation, and provides valuable insights on how to apply these lessons to appraise the 'new technology' companies of the future.
Some of the key historical episodes examined include:
– electric light and its commercial exploitation – the railway boom in Britain and the United States – the development of the automobile industry – the discovery and early development of crude oil – the rise of the PC – the wireless world – the Internet and dotcom bubble.
Don't be left behind when the next technological innovation revolutionises the market. With <i>Engines That Move Markets</i> you'll learn how to recognise the familiar patterns unfolding in today's economy so you can profit from these market-shaping events.
Read an extract of the book on Biblet https://b2l.bz/jcCSeR
The Best Investment Writing
Are you looking for some ideas to help you improve your portfolio? Let the brightest, most insightful minds in investing help.
The Best Investment Writing – Volume 1 contains 32 hand-selected articles. These are the best pieces from some of the most respected money managers and investment researchers in the world.
You’ll get valuable insights into:
– The strategies that produce some of the highest historical returns – Five due diligence questions we must ask before investing – Why we often make poor “complex” investing decisions – The easiest, most powerful method to estimate future stock returns – How to spend our investment gains to maximize genuine happiness
The Best Investment Writing – Volume 1 reads like a masters course in investing. See how it can help you become a better investor today.
With contributions from: Jason Zweig, Gary Antonacci, Morgan Housel, Ben Hunt, Todd Tresidder, Patrick O'Shaughnessy, Meb Faber, David Merkel, Norbert Keimling, Adam Butler, Stan Altshuller, Tom McClellan, Jared Dillian, Raoul Pal, Barry Ritholtz, Ken Fisher, Chris Meredith, Aswath Damodaran, Ben Carlson, Dave Nadig, Josh Brown, Corey Hoffstein, Jason Hsu, Wes Gray, John Reese, Larry Swedroe, Cullen Roche, Jonathan Clements, Michael Kitces, Charlie Bilello, John Mauldin
The DIY Investor
FULLY REVISED AND UPDATED SECOND EDITION
Investing expert Andy Bell shows you how to plan your financial future in this updated edition of his bestselling guide to do-it-yourself investing.
Andy shows you how to build a long-term investment portfolio using a range of low-cost, tax-efficient strategies. He provides expert guidance and industry insights suitable for first-time investors and those who are more experienced. The DIY Investor teaches you the skills and strategies you need to take control of your investments and manage your money in the years ahead.
A Practical Guide to Using Repo Master Agreements
Fully revised and updated third edition
A Practical Guide to Using Repo Master Agreements is the essential book for all who need to know about the international repo market and its products, the important legal, credit and regulatory issues in this space, and most of all need to understand the contents of repo master agreements so that they can negotiate them safely and confidently.
The book is written by two of the world’s leading commentators on the subject, Paul C Harding and Christian A Johnson and its coverage is comprehensive.
This new third edition principally offers readers a detailed guide to the most widely used European and US repo master agreements through a clause-by-clause text and commentary on each master agreement. This commentary is written in clear English for a good, swift understanding of the implications of each provision.
The full texts of each repo master agreement are reproduced in the appendices with the kind permission of the trade associations concerned.
Triparty repo is an important part of the US repo market and clause-by-clause commentary and a full text of the Bank of New York Mellon Tri-party Custodial Repo Agreement (2016) is also provided.
This third edition has been updated to include:
– The new, updated Bank of New York Mellon Tri-party Custodial Repo Agreement (2016). – A summary of recent developments in the European and US repo markets since 2012. – Fresh examples of clauses parties seek to negotiate in these agreements. – A comprehensive and easy-to-navigate table of contents to find items of greatest interest quickly.
This book is principally aimed at lawyers and paralegals who negotiate ICMA and SIFMA repo master agreements. Other professionals in the European and US securities markets will also find this book useful. These could include traders, credit officers and regulators as well as academics specialising in financial securities. Such professionals may work for commercial or investment banks, law firms, treasury units, central banks, pension funds and fund managers. Such is the broad potential appeal of this must-have book which caters for the novice and seasoned negotiator alike.
How To Pick Quality Shares
How to Pick Quality Shares provides a three-step process for analysing company financial information to find good investments: finding quality companies; avoiding dangerous or risky companies; and not paying too much for companies’ shares. Applying the in-depth techniques described here will give investors a fuller understanding of how companies really work, and an edge over other investors, including professional investors and analysts. Phil Oakley, an experienced investment analyst and private investor, guides the reader step-by-step through these three stages: 1. For the first step, he shows how to identify the kind of high-quality companies that are likely to be profitable investments over the long term. Important themes are how much a company earns on the money it invests, reliable measures of profit, and the importance of cash flow. 2. Next, he shows how to spot dangers and risks that can lead to a company that is superficially attractive turning out to be a bad investment. Here the focus is on how to analyse debt, in particular hidden debt and pension fund deficits. 3. Lastly, he shows how to value a company's shares and determine what is a reasonable price to pay to invest in that company. Phil shows why some common shortcuts to valuing shares are unhelpful, and how to use cash profits to value shares more reliably. No longer is in-depth financial data and analysis the preserve of the City. Private investors have access to all the information they need to make well-informed investment decisions. But still many investors lack the confidence to back their own judgment. How to Pick Quality Shares will give you this confidence – improving your skills and making you a more profitable investor.
The Financial Spread Betting Handbook, 3rd edition
FULLY REVISED AND UPDATED THIRD EDITION
Financial spread betting is a huge industry. But who wins and who loses at this game? What do the winners do that differs from the losers? That is what this book is about.
Malcolm Pryor uses the model of climbing a mountain to explain a disciplined, winning approach to spread betting. First a base camp must be established. This includes getting set up with the right corporate data, charting and accounts software, deciding what to bet on and what your time frame should be, learning the nuances of operating an account, controlling risk, and learning from other people's mistakes. Many spread bettors don't even get this far.
Next, we start climbing the mountain; this means having strategies that are right for us. The whole of this section is devoted to illustrating strategies which can be used for spread betting, for example trend following, counter-trend strategies and delta-neutral strategies such as pairs trading.
Finally, we make our assault on the summit of the mountain. This is where the winners set themselves apart from the losers. Issues covered here include trade planning, record keeping, performance reviews, more on risk management, psychology and continual development.
In this substantially revised and enhanced third edition, you will benefit from:
– Updated details about computer hardware, trading software and price data products to reflect technological changes and new products coming to market. – Updated information about product spreads to reflect the changed spread betting and market environment. – Refreshed and improved information about spread betting firms’ product offerings, order types, and approach to pricing and hedging. – Numerous other revisions and improvements throughout, to bring everything up to date and enhance clarity.
Spread betting is great fun; almost anyone can enjoy the odd bet now and again. But if you want to make money from spread betting then it must be taken seriously and a disciplined, tactical approach is required. This book is the essential guide to get to the top of the mountain.
Superinvestors
The ultimate guide to history’s greatest ever investors Superinvestors lays bare the investing secrets of legendary investors – from early 20th-century figures such as Benjamin Graham and John Maynard Keynes, through to more modern names such as Anthony Bolton and Warren Buffett. Listen to a sample of the audiobook version of Superinvestors . The investors have been picked for a variety of criteria, including their investing excellence, the different ways in which they have made money – and above all for what they can teach individual investors. A wide range of investment styles are represented, ranging from David Ricardo (who made a fortune by correctly predicting the outcome of the Battle of Waterloo), to the patient value-orientated approach of Warren Buffett. The book also looks at some important innovators, including John Bogle and his development of index funds as a low-cost way of getting exposure to the market, and Edward O. Thorp and his data-driven approach which aims to avoid human emotion. The book looks at each of the investors' careers in depth. This includes their background, the strategies used to beat their peers, and an honest evaluation of their success, using a special star-rating system. Naturally, the main focus is on their best investments. However, sometimes failures can be extremely instructive – so the book also looks at those investments that didn’t quite go to plan. Finally, each chapter concludes by detailing the lessons that ordinary investors can learn from the superinvestor. The result is a treasure trove of success stories, cautionary tales, legendary stock picks and world-beating strategies that will fascinate and inspire investors of every level. The audiobook version of the book has been created in collaboration with ShareRadio – Intelligent talk about money & investment Featuring: Jesse Livermore, David Ricardo, George Soros, Michael Steinhardt, Benjamin Graham, Warren Buffett, Anthony Bolton, Neil Woodford, Philip Fisher, T. Rowe Price, Peter Lynch, Nick Train, Georges Doriot, Eugene Kleiner and Tom Perkins, John Templeton, Robert W. Wilson, Edward O. Thorp, John Maynard Keynes, Jack Bogle, Paul Samuelson
The Retreat of Globalisation
In <i>The Retreat of Globalisation</i>, award-winning fund manager Gervais Williams outlines why we are entering a period when the culture of financial markets will change more in three years than it has in the last 30.
Globalisation has been running into headwinds for a while, but until recently few appreciated that it had already passed its high-water mark. With the benefit of hindsight, we can now see events like Brexit and the election of Donald Trump in the context of a new social – and economic – trajectory.
Markets have already entered a period of flux. Social disenchantment with globalisation was already a political issue. But the market implications of a retreat from globalisation remain greatly under-appreciated.
How can savers know what might constitute the best stocks in this changed world? <i>The Retreat of Globalisation</i> argues for some unconventional yardsticks going forward. The answers may seem counter-intuitive to those who have only known one set of economic conditions. But the need to find those answers has never been more pressing.
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Investing Through the Looking Glass
The investment markets have never been more dangerous. Interest rates are at all-time lows; the sanctity of cash deposits is under threat; government bonds are expensive and offer ultra-low or negative yields; equity markets are largely detached from reality after years of loose monetary policy. Investors need to calibrate themselves to the realities of this extraordinary new environment so that they can protect their wealth and, ideally, prosper.
In <i>Investing Through the Looking Glass</i>, longstanding portfolio manager and investment columnist Tim Price identifies and shatters a number of investment myths and misconceptions. He questions whether stock markets inevitably rise over the longer term, whether bonds continue to be relevant as a failsafe low-risk asset, whether professional fund managers represent «smart money», and much more besides.
But this is not just a counsel of despair. Having identified the problems besetting today's investor, the focus then moves on to practical guidance to help investors preserve and grow their capital in this age of inflationary and deflationary uncertainty. Tim Price provides ideas on how to find attractive investments in distorted equity markets, on what might be the best-kept secret in finance, and how best to insure portfolios in an environment of heightened systemic risk.
<i>Investing Through the Looking Glass</i> presents a route map for navigating one of the most challenging financial environments that anyone has ever seen. For the sake of your wealth, can you afford <i>not</i> to read it?
Trade Like a Shark
Take a bite out of the markets with the Naked Trader in his 100% all-new book about TRADING PSYCHOLOGY! This book is for anyone who really wants to consistently make money trading shares. Trading and investing can be tough – most fail. The human mind is to blame. It’s prone to emotion, cluttered with distractions like Twitter and social media, easily trapped by scams. But it’s possible to make money in the markets – and to do so reliably. Robbie Burns, aka The Naked Trader, has been trading successfully from his home for 15 years – making over £2m tax-free (while eating a lot of toast and watching Game of Thrones). He’s also met and helped thousands of fellow traders at his seminars, seen every possible trading meltdown, and knows exactly what can go wrong – but also how to put it right. In Trade Like a Shark, Robbie uses his unique firsthand experience and the real-life stories traders have shared with him to expose exactly how the human mind can play havoc with your trading. At the same time he reveals his tried-and-tested methods for overcoming it, showing how to be a shark, gobbling up money from the 'fish' who are full of fear, greed and other emotions. (And also why modelling yourself on Mr Spock can work wonders.) If you’ve run into problems trading in the stock market – or just want to reinforce good habits – there is no better or wittier guide to the pitfalls that are out there, and some surprisingly effective ways to overcome them. It's a must-read book on trading psychology – without the jargon. Read it and take your trading to the next level now!