The Intelligent Investor (Collins Business Essentials)
by Benjamin Graham and Jason Zweig · 1 Jan 1949 · 670pp · 194,502 words
whether it makes a difference when buying small pieces of those same businesses. Our Graham & Dodd investors, needless to say, do not discuss beta, the capital asset pricing model, or covariance in returns among securities. These are not subjects of any interest to them. In fact, most of them would have difficulty defining those
The Rise of Carry: The Dangerous Consequences of Volatility Suppression and the New Financial Order of Decaying Growth and Recurring Crisis
by Tim Lee, Jamie Lee and Kevin Coldiron · 13 Dec 2019 · 241pp · 81,805 words
, because enough of these risks, offsetting, can be combined into a risk-free portfolio. What is the painful risk that cannot be diversified away? The capital asset pricing model says, simply, market risk. More modern theory uses jargon like “stochastic discount factor” and “pricing kernel”—which means that the thing that matters most is
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carry influence on, 57, 69 carry regime and, 125–127 money supply and, 125–126 Caballero, Ricardo, 59 call options, 146–147 Cambridge Associates, 79 capital asset pricing model, 99 Capital in the Twenty-First Century (Piketty), 219 221 222 capital inflows, Australia, 40, 40f, 42 capitalism, 195, 219, 220 carry central banks’ role
Security Analysis
by Benjamin Graham and David Dodd · 1 Jan 1962 · 1,042pp · 266,547 words
reflect all available information, an idea deeply at odds with Graham and Dodd’s notion that there is great value to fundamental security analysis. The Capital Asset Pricing Model (CAPM) relates risk to return but always mistakes volatility, or beta, for risk. Modern Portfolio Theory (MPT) applauds the benefits of diversification in constructing an
Value Investing: From Graham to Buffett and Beyond
by Bruce C. N. Greenwald, Judd Kahn, Paul D. Sonkin and Michael van Biema · 26 Jan 2004 · 306pp · 97,211 words
the interest costs paid by similar firms. 3. Estimate the cost of equity. The approved academic method for this task involves using something called the capital asset pricing model, in which the crucial variable is the volatility of the share price of the firm in question relative to the volatility of the stock market
The Golden Passport: Harvard Business School, the Limits of Capitalism, and the Moral Failure of the MBA Elite
by Duff McDonald · 24 Apr 2017 · 827pp · 239,762 words
reasoning,”11 says author Laurence Shames. He’s not being complimentary. Spender asks which have proved more valuable to financial services: the invention of the capital asset pricing model, portfolio management and options theories (none of which emerged from HBS), or twenty thousand instances of “ex ante relevance [that] is actually irrelevant to the
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biggest change was the rise of the finance faculty, Michael Jensen foremost among them. The new science of managerial decision making was encapsulated in the capital asset pricing model and discounted cash flow, models that had no space for questions like customer loyalty and responsibility to one’s employees. It was no coincidence that
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for anything other than financial results.”9 And the tools they used in service of that logic had only cemented it in its place. The capital asset pricing model (CAPM), for example, hadn’t originated at HBS, but it had been studied and refined there, by Michael Jensen, Robert Merton, and others. The effect
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, 263 Abend, Gabriel, 68 Abernathy, Penelope Muse, 305 Abernathy, William, 346–49, 443, 452, 456 accounting (budgetary control), 115–18, 450; activity-based costing, 445; capital asset pricing model, 550; managing by results and, 448–49; scale and cost, 262–63, 412, 445 Achieving Society, The (McClelland), 559–60 Ackman, Bill, 466, 469, 479
The Shifts and the Shocks: What We've Learned--And Have Still to Learn--From the Financial Crisis
by Martin Wolf · 24 Nov 2015 · 524pp · 143,993 words
2009, http://blogs.ft.com/maverecon/2009/03/the-unfortunate-uselessness-of-most-state-of-the-art-academic-monetary-economics. 12. See, for example, the capital-asset pricing model, http://www.investopedia.com/terms/c/capm.asp. 13. Felix Martin, Money: The Unauthorised Biography (London: Bodley Head, 2013). 14. Michael McLeay, Amar Radia and
Finance and the Good Society
by Robert J. Shiller · 1 Jan 2012 · 288pp · 16,556 words
before they infect entire economies will be a major challenge for the next generation of finance scholars. Equipped with sophisticated nancial ideas ranging from the capital asset pricing model to intricate options-pricing formulas, you are certainly and justi ably interested in building materially rewarding careers. There is no shame in this, and your
Vultures' Picnic: In Pursuit of Petroleum Pigs, Power Pirates, and High-Finance Carnivores
by Greg Palast · 14 Nov 2011 · 493pp · 132,290 words
Black not long after he’d put this Drunk’s Random Walk into an academic paper with his friend Myron Scholes. They called it the Capital Asset Pricing Model.19 About the same time, a newly expanding investment bank, a small house on the edge of the financial universe, Goldman Sachs, also fell in
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Enron traders guided by their secret, well-proven theorem: Just ask the Sack. Just ask the Vulture. But I had their sorcerer’s stone, the Capital Asset Pricing Model, right in my hand. The preppies and climbers around me knew exactly what to do with their little stones: Goldman and friends were paying a
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Chicago models and numbers night and day. We had this idea: What if some skinny long-haired kids figured out a way to use the Capital Asset Pricing Model not to make a killing but to stop the killers? In her llama-wool poncho at the business school, Lonigro was so strangely out of
Smarter Investing
by Tim Hale · 2 Sep 2014 · 332pp · 81,289 words
is also known as ‘non-systematic’ risk. Figure 6.2 Company-specific risk is quickly eliminated The model that he created is known as the Capital Asset Pricing Model (CAPM) and sits at the heart of modern finance (despite its critics). The underlying messages remain central to investment success: (a) avoid taking company-specific
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markets buy high, sell low buy-and-hold strategy, 2nd, 3rd, 4th and taxes BVCA (British Venture Capital Association) California Public Employees’ Retirement System (CalPERS) Capital Asset Pricing Model (CAPM), 2nd capitalism, 2nd and wealth creation Carhart, Mark cash cash flow modelling DIY investors, 2nd and global equity markets, 2nd and lifecycle investing and
Trillions: How a Band of Wall Street Renegades Invented the Index Fund and Changed Finance Forever
by Robin Wigglesworth · 11 Oct 2021 · 432pp · 106,612 words
by a skilled investor. Not only did this gain Sharpe his PhD, but it eventually evolved into a seminal paper on what he called the “capital asset pricing model” (CAPM), a formula that investors could use to calculate the value of financial securities. The broader, groundbreaking implication of CAPM was introducing the concept of
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, 136 California Gold Rush, 57, 75 California State University, 206 Campbell, Gordon, 64–65 CANSLIM, 137, 152 “Can Stock Market Forecasters Forecast?” (Cowles), 27–28 capital asset pricing model (CAPM), 44–45, 74, 152, 153 Capital Group, 94, 123, 195–96 Carlyle, Thomas, 57–58 Carter, Jimmy, 115, 211 “Case for Mutual Fund Management
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-transparent ETFs, 245 Shareholder Equity Alliance, 293 Sharpe, William, x, 37, 41–45, 70 “The Arithmetic of Active Management,” 276–77 background of, 42–43 capital asset pricing model, 44–45, 74, 152, 153 Markowitz and, 41–42, 43–45 at Stanford, 68, 185, 187 Shearson Lehman Hutton, 208–9 Sherrerd, Jay, 93–94
Why Aren't They Shouting?: A Banker’s Tale of Change, Computers and Perpetual Crisis
by Kevin Rodgers · 13 Jul 2016 · 318pp · 99,524 words
Trend Following: How Great Traders Make Millions in Up or Down Markets
by Michael W. Covel · 19 Mar 2007 · 467pp · 154,960 words
How the City Really Works: The Definitive Guide to Money and Investing in London's Square Mile
by Alexander Davidson · 1 Apr 2008 · 368pp · 32,950 words
Capital Ideas Evolving
by Peter L. Bernstein · 3 May 2007
More Than You Know: Finding Financial Wisdom in Unconventional Places (Updated and Expanded)
by Michael J. Mauboussin · 1 Jan 2006 · 348pp · 83,490 words
Beyond the Random Walk: A Guide to Stock Market Anomalies and Low Risk Investing
by Vijay Singal · 15 Jun 2004 · 369pp · 128,349 words
Triumph of the Optimists: 101 Years of Global Investment Returns
by Elroy Dimson, Paul Marsh and Mike Staunton · 3 Feb 2002 · 353pp · 148,895 words
The Ascent of Money: A Financial History of the World
by Niall Ferguson · 13 Nov 2007 · 471pp · 124,585 words
Stocks for the Long Run, 4th Edition: The Definitive Guide to Financial Market Returns & Long Term Investment Strategies
by Jeremy J. Siegel · 18 Dec 2007
Portfolio Design: A Modern Approach to Asset Allocation
by R. Marston · 29 Mar 2011 · 363pp · 28,546 words
The Investopedia Guide to Wall Speak: The Terms You Need to Know to Talk Like Cramer, Think Like Soros, and Buy Like Buffett
by Jack (edited By) Guinan · 27 Jul 2009 · 353pp · 88,376 words
The Intelligent Asset Allocator: How to Build Your Portfolio to Maximize Returns and Minimize Risk
by William J. Bernstein · 12 Oct 2000
Adaptive Markets: Financial Evolution at the Speed of Thought
by Andrew W. Lo · 3 Apr 2017 · 733pp · 179,391 words
A Random Walk Down Wall Street: The Time-Tested Strategy for Successful Investing (Eleventh Edition)
by Burton G. Malkiel · 5 Jan 2015 · 482pp · 121,672 words
End This Depression Now!
by Paul Krugman · 30 Apr 2012 · 267pp · 71,123 words
The Greed Merchants: How the Investment Banks Exploited the System
by Philip Augar · 20 Apr 2005 · 290pp · 83,248 words
The Personal MBA: A World-Class Business Education in a Single Volume
by Josh Kaufman · 2 Feb 2011 · 624pp · 127,987 words
Toward Rational Exuberance: The Evolution of the Modern Stock Market
by B. Mark Smith · 1 Jan 2001 · 403pp · 119,206 words
Python for Finance
by Yuxing Yan · 24 Apr 2014 · 408pp · 85,118 words
Fortune's Formula: The Untold Story of the Scientific Betting System That Beat the Casinos and Wall Street
by William Poundstone · 18 Sep 2006 · 389pp · 109,207 words
Stocks for the Long Run 5/E: the Definitive Guide to Financial Market Returns & Long-Term Investment Strategies
by Jeremy Siegel · 7 Jan 2014 · 517pp · 139,477 words
Against the Gods: The Remarkable Story of Risk
by Peter L. Bernstein · 23 Aug 1996 · 415pp · 125,089 words
Valuation: Measuring and Managing the Value of Companies
by Tim Koller, McKinsey, Company Inc., Marc Goedhart, David Wessels, Barbara Schwimmer and Franziska Manoury · 16 Aug 2015 · 892pp · 91,000 words
Money: The Unauthorized Biography
by Felix Martin · 5 Jun 2013 · 357pp · 110,017 words
Corporate Finance: Theory and Practice
by Pierre Vernimmen, Pascal Quiry, Maurizio Dallocchio, Yann le Fur and Antonio Salvi · 16 Oct 2017 · 1,544pp · 391,691 words
A Random Walk Down Wall Street: The Time-Tested Strategy for Successful Investing
by Burton G. Malkiel · 10 Jan 2011 · 416pp · 118,592 words
Damsel in Distressed: My Life in the Golden Age of Hedge Funds
by Dominique Mielle · 6 Sep 2021 · 195pp · 63,455 words
Arguing With Zombies: Economics, Politics, and the Fight for a Better Future
by Paul Krugman · 28 Jan 2020 · 446pp · 117,660 words
Trade Your Way to Financial Freedom
by van K. Tharp · 1 Jan 1998
Investment: A History
by Norton Reamer and Jesse Downing · 19 Feb 2016
How I Became a Quant: Insights From 25 of Wall Street's Elite
by Richard R. Lindsey and Barry Schachter · 30 Jun 2007
Money Changes Everything: How Finance Made Civilization Possible
by William N. Goetzmann · 11 Apr 2016 · 695pp · 194,693 words
Capital Ideas: The Improbable Origins of Modern Wall Street
by Peter L. Bernstein · 19 Jun 2005 · 425pp · 122,223 words
Radical Uncertainty: Decision-Making for an Unknowable Future
by Mervyn King and John Kay · 5 Mar 2020 · 807pp · 154,435 words
Extreme Money: Masters of the Universe and the Cult of Risk
by Satyajit Das · 14 Oct 2011 · 741pp · 179,454 words
Investment Banking: Valuation, Leveraged Buyouts, and Mergers and Acquisitions
by Joshua Rosenbaum, Joshua Pearl and Joseph R. Perella · 18 May 2009 · 444pp · 86,565 words
The Quants
by Scott Patterson · 2 Feb 2010 · 374pp · 114,600 words
Wall Street: How It Works And for Whom
by Doug Henwood · 30 Aug 1998 · 586pp · 159,901 words
The New Science of Asset Allocation: Risk Management in a Multi-Asset World
by Thomas Schneeweis, Garry B. Crowder and Hossein Kazemi · 8 Mar 2010 · 317pp · 106,130 words
Why Stock Markets Crash: Critical Events in Complex Financial Systems
by Didier Sornette · 18 Nov 2002 · 442pp · 39,064 words
Commodity Trading Advisors: Risk, Performance Analysis, and Selection
by Greg N. Gregoriou, Vassilios Karavas, François-Serge Lhabitant and Fabrice Douglas Rouah · 23 Sep 2004
Evidence-Based Technical Analysis: Applying the Scientific Method and Statistical Inference to Trading Signals
by David Aronson · 1 Nov 2006
Market Risk Analysis, Quantitative Methods in Finance
by Carol Alexander · 2 Jan 2007 · 320pp · 33,385 words
Derivatives Markets
by David Goldenberg · 2 Mar 2016 · 819pp · 181,185 words
Mathematics for Finance: An Introduction to Financial Engineering
by Marek Capinski and Tomasz Zastawniak · 6 Jul 2003
Understanding Asset Allocation: An Intuitive Approach to Maximizing Your Portfolio
by Victor A. Canto · 2 Jan 2005 · 337pp · 89,075 words
Money Mavericks: Confessions of a Hedge Fund Manager
by Lars Kroijer · 26 Jul 2010 · 244pp · 79,044 words
The Myth of the Rational Market: A History of Risk, Reward, and Delusion on Wall Street
by Justin Fox · 29 May 2009 · 461pp · 128,421 words
Red-Blooded Risk: The Secret History of Wall Street
by Aaron Brown and Eric Kim · 10 Oct 2011 · 483pp · 141,836 words
Efficiently Inefficient: How Smart Money Invests and Market Prices Are Determined
by Lasse Heje Pedersen · 12 Apr 2015 · 504pp · 139,137 words
The Misbehavior of Markets: A Fractal View of Financial Turbulence
by Benoit Mandelbrot and Richard L. Hudson · 7 Mar 2006 · 364pp · 101,286 words
Nerds on Wall Street: Math, Machines and Wired Markets
by David J. Leinweber · 31 Dec 2008 · 402pp · 110,972 words
The Physics of Wall Street: A Brief History of Predicting the Unpredictable
by James Owen Weatherall · 2 Jan 2013 · 338pp · 106,936 words
Expected Returns: An Investor's Guide to Harvesting Market Rewards
by Antti Ilmanen · 4 Apr 2011 · 1,088pp · 228,743 words
Other People's Money: Masters of the Universe or Servants of the People?
by John Kay · 2 Sep 2015 · 478pp · 126,416 words
The Invisible Hands: Top Hedge Fund Traders on Bubbles, Crashes, and Real Money
by Steven Drobny · 18 Mar 2010 · 537pp · 144,318 words
Debunking Economics - Revised, Expanded and Integrated Edition: The Naked Emperor Dethroned?
by Steve Keen · 21 Sep 2011 · 823pp · 220,581 words
The Power of Passive Investing: More Wealth With Less Work
by Richard A. Ferri · 4 Nov 2010 · 345pp · 87,745 words
High-Frequency Trading: A Practical Guide to Algorithmic Strategies and Trading Systems
by Irene Aldridge · 1 Dec 2009 · 354pp · 26,550 words
Principles of Corporate Finance
by Richard A. Brealey, Stewart C. Myers and Franklin Allen · 15 Feb 2014
The Rise of the Quants: Marschak, Sharpe, Black, Scholes and Merton
by Colin Read · 16 Jul 2012 · 206pp · 70,924 words
Willful: How We Choose What We Do
by Richard Robb · 12 Nov 2019 · 202pp · 58,823 words
Finding Alphas: A Quantitative Approach to Building Trading Strategies
by Igor Tulchinsky · 30 Sep 2019 · 321pp
The Missing Billionaires: A Guide to Better Financial Decisions
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Money: 5,000 Years of Debt and Power
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Investing Amid Low Expected Returns: Making the Most When Markets Offer the Least
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The Meritocracy Trap: How America's Foundational Myth Feeds Inequality, Dismantles the Middle Class, and Devours the Elite
by Daniel Markovits · 14 Sep 2019 · 976pp · 235,576 words
My Life as a Quant: Reflections on Physics and Finance
by Emanuel Derman · 1 Jan 2004 · 313pp · 101,403 words
Endless Money: The Moral Hazards of Socialism
by William Baker and Addison Wiggin · 2 Nov 2009 · 444pp · 151,136 words
The Snowball: Warren Buffett and the Business of Life
by Alice Schroeder · 1 Sep 2008 · 1,336pp · 415,037 words
How Markets Fail: The Logic of Economic Calamities
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High-Frequency Trading
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Mathematics of the Financial Markets: Financial Instruments and Derivatives Modelling, Valuation and Risk Issues
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Asset and Risk Management: Risk Oriented Finance
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Monte Carlo Simulation and Finance
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Quantitative Value: A Practitioner's Guide to Automating Intelligent Investment and Eliminating Behavioral Errors
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The Wisdom of Finance: Discovering Humanity in the World of Risk and Return
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Misbehaving: The Making of Behavioral Economics
by Richard H. Thaler · 10 May 2015 · 500pp · 145,005 words
Frequently Asked Questions in Quantitative Finance
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Traders, Guns & Money: Knowns and Unknowns in the Dazzling World of Derivatives
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A Mathematician Plays the Stock Market
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The Devil's Derivatives: The Untold Story of the Slick Traders and Hapless Regulators Who Almost Blew Up Wall Street . . . And Are Ready to Do It Again
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The End of Theory: Financial Crises, the Failure of Economics, and the Sweep of Human Interaction
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The Secret of Our Success: How Culture Is Driving Human Evolution, Domesticating Our Species, and Making Us Smarter
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In Pursuit of the Perfect Portfolio: The Stories, Voices, and Key Insights of the Pioneers Who Shaped the Way We Invest
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Models. Behaving. Badly.: Why Confusing Illusion With Reality Can Lead to Disaster, on Wall Street and in Life
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Advanced Stochastic Models, Risk Assessment, and Portfolio Optimization: The Ideal Risk, Uncertainty, and Performance Measures
by Frank J. Fabozzi · 25 Feb 2008 · 923pp · 163,556 words
Humans Are Underrated: What High Achievers Know That Brilliant Machines Never Will
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The Volatility Smile
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Mathematics for Economics and Finance
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Analysis of Financial Time Series
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A Primer for the Mathematics of Financial Engineering
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