Extraordinary Popular Delusions and the Madness of Crowds and Confusión de Confusiones

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Publisher : John Wiley & Sons Incorporated
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Language : EN, FR, GB
ISBN 10 : UCSC:32106012066590
Pages : 232 pages
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Rating : 4.:/5 (321 users download)


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Summary Book Review Extraordinary Popular Delusions and the Madness of Crowds and Confusión de Confusiones :

Download or read book Extraordinary Popular Delusions and the Madness of Crowds and Confusión de Confusiones written by Charles Mackay and published by John Wiley & Sons Incorporated. This book was released on 1996 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Dutch East India Company was the hot stock to watch in the early days of the Amsterdam stock exchange. But the price action became hard to unravel once speculation and treacherous deceit came into play. Market manipulation, it seems, was a factor even at the dawn of modern exchange trading. Joseph de la Vega's 1688 Confusion de Confusiones offered a firsthand account of seventeenth-century market complexities that rings remarkably true even today. Exploring the sometimes humorous, sometimes devastating impact of crowd behavior and trading trickery on the financial markets, this book brilliantly combines two all-time investment classics. Financial analyst and author Martin S. Fridson is your guide, and the result is an insightful new volume that is a quirky, entertaining, and thoroughly intriguing journey back through time.

Extraordinary Popular Delusions and the Madness of Crowds and Confusión de Confusiones

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Publisher : John Wiley & Sons
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Language : EN, FR, GB
ISBN 10 : 0471133124
Pages : 224 pages
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Rating : 4.1/5 (331 users download)


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Summary Book Review Extraordinary Popular Delusions and the Madness of Crowds and Confusión de Confusiones :

Download or read book Extraordinary Popular Delusions and the Madness of Crowds and Confusión de Confusiones written by Martin S. Fridson and published by John Wiley & Sons. This book was released on 1995-12-29 with total page 224 pages. Available in PDF, EPUB and Kindle. Book excerpt: "The market never ceases to befuddle and beguile. These twovenerable works are fixtures on the short lists for most valuablebooks on the securities markets, and investors continue to cherishthem." -From the Introduction by Martin S. Fridson ManagingDirector, Merrill Lynch & Co. Author of InvestmentIllusions Exploring the sometimes hilarious, sometimes devastating impact ofcrowd behavior and trading trickery on the financial markets, thisbook brilliantly combines two all-time investment classics.Extraordinary Popular Delusions and Confusión de Confusionestake us from Tulipmania in 1634-when tulips actually traded at ahigher price than gold-to the South Sea "bubble" of 1720, andbeyond. Securities analyst and author Martin Fridson guides you ona quirky, entertaining, and intriguing journey back throughtime. Chosen by the Financial Times as Two of the Ten Best Books EverWritten on Investment Critical Praise . . . "This is the most important book ever written about crowdpsychology and, by extension, about financial markets. A seriousstudent of the markets and even anyone interested in the extremesof human behavior should read this book!" -Ron Insana, CNBC "In combining 'Extraordinary' with 'Confusion,' the result is notextraordinary confusion. Instead, with clarity, the book sears intomodern investor minds the dangers of following the crowd." -GregHeberlein, The Seattle Times "You will see between its staid lines (written in ye olde Englishand as ponderable as Buddha's navel) that, despite what the mediasays, nothing really important has changed in the financial marketsin centuries." -Kenneth L. Fisher, Forbes

The Crowd & Extraordinary Popular Delusions and the Madness of Crowds

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Publisher : Bnpublishing.Com
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Language : EN, FR, GB
ISBN 10 : 9562919919
Pages : 548 pages
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Rating : 4.9/5 (199 users download)


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Summary Book Review The Crowd & Extraordinary Popular Delusions and the Madness of Crowds :

Download or read book The Crowd & Extraordinary Popular Delusions and the Madness of Crowds written by Gustave Le Bon and published by Bnpublishing.Com. This book was released on 2007-07 with total page 548 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The New Public Finance

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Publisher : Oxford University Press
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ISBN 10 : 0199770832
Pages : 688 pages
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Rating : 4.7/5 (78 users download)


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Summary Book Review The New Public Finance :

Download or read book The New Public Finance written by Inge Kaul and published by Oxford University Press. This book was released on 2006-02-23 with total page 688 pages. Available in PDF, EPUB and Kindle. Book excerpt: The world's agenda of international cooperation has changed. The conventional concerns of foreign affairs, international trade, and development assistance, are increasingly sharing the political center stage with a new set of issues. These include trans-border concerns such as global financial stability and market efficiency, risk of global climate change, bio-diversity conservation, control of resurgent and new communicable diseases, food safety, cyber crime and e-commerce, control of drug trafficking, and international terrorism and weapons of mass destruction. Globalization and increasing porosity of national borders have been key driving forces that have led to growing interdependence and interlocking of the public domains--and therefore, public policy concerns--of countries, governments, private businesses, civil society, and people at large. Thus, new and different issues are now occupying top places on national policy agendas, and consequently, on the agendas of international negotiating forums. The policy approaches to global challenges are also changing. A proliferation and diversification of international cooperation efforts include focus on financing arrangements. Financing of international cooperation in most instances is a haphazard and non-transparent process and often seems to run parallel to international negotiations. There are many unfunded mandates and many-non-mandatory funds. To agree on and to achieve international economic goals, we need to understand how financing of international cooperation efforts actually works. Our understanding is hampered by two gaps: 1) lack of an integrated and cohesive theoretical framework; 2) lack of consolidated empirical and operational knowledge in the form of a comprehensive inventory of past, current and possible future (i.e. currently deliberated) financing mechanisms. This book reduces these two gaps and provides a guide to improve our ability to finance international cooperation.

Vinzenz Bronzin's Option Pricing Models

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Publisher : Springer Science & Business Media
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ISBN 10 : 9783540857112
Pages : 562 pages
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Rating : 4.5/5 (48 users download)


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Summary Book Review Vinzenz Bronzin's Option Pricing Models :

Download or read book Vinzenz Bronzin's Option Pricing Models written by Wolfgang Hafner and published by Springer Science & Business Media. This book was released on 2009-11-18 with total page 562 pages. Available in PDF, EPUB and Kindle. Book excerpt: In 1908, Vinzenz Bronzin, a professor of mathematics at the Accademia di Commercio e Nautica in Trieste, published a booklet in German entitled Theorie der Prämiengeschäfte (Theory of Premium Contracts) which is an old type of option contract. Almost like Bachelier’s now famous dissertation (1900), the work seems to have been forgotten shortly after it was published. However, almost every element of modern option pricing can be found in Bronzin’s book. He derives option prices for an illustrative set of distributions, including the Normal. - This volume includes a reprint of the original German text, a translation, as well as an appreciation of Bronzin's work from various perspectives (economics, history of finance, sociology, economic history) including some details about the professional life and circumstances of the author. The book brings Bronzin's early work to light again and adds an almost forgotten piece of research to the theory of option pricing.

Handbook of Research on Stock Market Globalization

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Publisher : Edward Elgar Publishing
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ISBN 10 : 9780857938183
Pages : 315 pages
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Rating : 4.8/5 (579 users download)


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Summary Book Review Handbook of Research on Stock Market Globalization :

Download or read book Handbook of Research on Stock Market Globalization written by Geoffrey Poitras and published by Edward Elgar Publishing. This book was released on 2012-01-01 with total page 315 pages. Available in PDF, EPUB and Kindle. Book excerpt: The stock market globalization process has produced historic changes in the structure of stock markets, the effects of which are evident throughout the world. Despite these transformations, there are relatively few sources examining the connections between the globalization process currently underway and previous periods of stock market globalization. This seminal volume fills that gap. The chapters in the first section look to previous globalization periods through the lens of the corporate economy, valuing equities and managed funds. Further chapters address current issues such as the social closure of the exchange, demutualization and mergers and acquisitions as well as cross-listing and liquidity. The final chapters consider the regulatory challenges posed by stock market globalization. These include the pressures on regulators from rent-seeking stock market participants, the demise of exchange trading floors and Latin America's stock market. Timely, multi-disciplinary and practical, this informative Handbook will be an essential reference for students and scholars of economics, finance and accounting, finance professionals and security market regulators.

Law, Bubbles, and Financial Regulation

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Publisher : Routledge
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ISBN 10 : 9781134642762
Pages : 544 pages
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Rating : 4.1/5 (346 users download)


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Summary Book Review Law, Bubbles, and Financial Regulation :

Download or read book Law, Bubbles, and Financial Regulation written by Erik Gerding and published by Routledge. This book was released on 2013-12-04 with total page 544 pages. Available in PDF, EPUB and Kindle. Book excerpt: Financial regulation can fail when it is needed the most. The dynamics of asset price bubbles weaken financial regulation just as financial markets begin to overheat and the risk of crisis spikes. At the same time, the failure of financial regulations adds further fuel to a bubble. This book examines the interaction of bubbles and financial regulation. It explores the ways in which bubbles lead to the failure of financial regulation by outlining five dynamics, which it collectively labels the "Regulatory Instability Hypothesis." . The book concludes by outlining approaches to make financial regulation more resilient to these dynamics that undermine law.

A History of Credit and Power in the Western World

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Publisher : Routledge
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ISBN 10 : 9781351535328
Pages : 314 pages
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Rating : 4.3/5 (515 users download)


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Summary Book Review A History of Credit and Power in the Western World :

Download or read book A History of Credit and Power in the Western World written by Scott B. MacDonald and published by Routledge. This book was released on 2017-07-12 with total page 314 pages. Available in PDF, EPUB and Kindle. Book excerpt: The end of the Cold War put the planet on a new track, abruptly replacing the familiar world of bipolarity, red phones, and intercontinental ballistic missiles with the strange new world of the Internet, e-commerce, and Palm Pilots. The "New World Order" was defined by a U.S.-led war against Iraq, bloody ethnic strife in Bosnia and Rwanda, and religious turmoil in Central Asia. This evolving global system, however, overlooked the powerful role of credit, which functions as a critical building block for developing greater national and individual wealth. This volume examines the evolution of credit in the Western world and its relationship to power. Spanning several centuries of human endeavor. it focuses on Western Europe and the United States and also considers how the Western system became the global credit system. Six major themes run throughout: (1) the direct relationship between credit and power; (2) different kinds of political power promote different kinds of economic behavior; (3) various societal and cultural groups were often more successful in mingling credit and political power; (4) the Western credit system evolved in tandem with the development of the nation-state; (5) historically, there has been a pattern of financial crises; (6) credit spread from being the privilege of the wealthy and powerful to being available to vast numbers. MacDonald and Gastmann have broken history into five periods, ranging from early pre-modern, defining the earliest references to banking and credit as exemplified by the Code of Hammurabi, circa 1726 BC, through the Roman Empire with its creation of money and growing use of credit in trade, the barbarian invasions of the 11th century which led to a breakdown in credit networks in the West, through the establishment of the Italian city-states, to the modern period which incorporates the rise of credit in the Low Countries in the 1500s and extends through the rise of London and New York as the major international credit hubs.

Investing: The Last Liberal Art

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Publisher : Columbia University Press
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ISBN 10 : 9780231531016
Pages : 216 pages
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Rating : 4.2/5 (315 users download)


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Summary Book Review Investing: The Last Liberal Art :

Download or read book Investing: The Last Liberal Art written by Robert G. Hagstrom and published by Columbia University Press. This book was released on 2013-01-08 with total page 216 pages. Available in PDF, EPUB and Kindle. Book excerpt: Robert G. Hagstrom is one of the best-known authors of investment books for general audiences. Turning his extensive experience as a portfolio manager at Legg Mason Capital Management into valuable guidance for professionals and nonprofessionals alike, he is the author of six successful books on investment, including The Warren Buffett Way, a New York Times best-seller that has sold more than a million copies. In this updated second edition of Investing: The Last Liberal Art, Hagstrom explores basic and fundamental investing concepts in a range of fields outside of economics, including physics, biology, sociology, psychology, philosophy, and literature. He discusses, for instance, how the theory of evolution disrupts the notion of the efficient market and how reading strategies for literature can be gainfully applied to investing research. Building on Charlie Munger's famous "latticework of mental models" concept, Hagstrom argues that it is impossible to make good investment decisions based solely on a strong knowledge of finance theory alone. He reinforces his concepts with additional data and a new chapter on mathematics, and updates his text throughout to reflect the developments of the past decade, particularly the seismic economic upheaval of 2008. He has also added a hundred new titles to the invaluable reading list concluding the book. Praise for the first edition: "I read this book in one sitting: I could not put it down."—Peter L. Bernstein, author of Against the Gods: The Remarkable Story of Risk "Elegant and irresistible. Robert G. Hagstrom makes the complex clear as he confidently crisscrosses through the disciplines of finance, biology, physics, and literature. The only way to understand investing better, [Investing] shows, is to understand the world better. Ideas spark off the page at every turn. This is simply a gem of a book."—James Surowiecki, New Yorker "Investing is a brisk and engaging read, and it is a pleasure to be in the presence of Hagstrom's agile mind."—International Herald Tribune

Equity Capital

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Publisher : Routledge
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Language : EN, FR, GB
ISBN 10 : 9781317591030
Pages : 550 pages
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Rating : 4.3/5 (175 users download)


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Summary Book Review Equity Capital :

Download or read book Equity Capital written by Geoffrey Poitras and published by Routledge. This book was released on 2016-04-20 with total page 550 pages. Available in PDF, EPUB and Kindle. Book excerpt: Capitalism is historically pervasive. Despite attempts through the centuries to suppress or control the private ownership of commercial assets, production and trade for profit has survived and, ultimately, flourished. Against this backdrop, accounting provides a fundamental insight: the ‘value’ of physical and intangible capital assets that are used in production is identically equal to the sum of the debt liabilities and equity capital that are used to finance those assets. In modern times, this appears as the balance sheet relationship. In determining the ‘value’ of items on the balance sheet, equity capital appears as a residual calculated as the difference between the ‘value’ of assets and liabilities. Through the centuries, the organization of capitalist activities has changed considerably, dramatically impacting the methods used to value, trade and organize equity capital. To reflect these changes, this book is divided into four parts that roughly correspond to major historical changes in equity capital organization. The first part of this book examines the rudimentary commercial ventures that characterized trading for profit from ancient times until the contributions of the medieval scholastics that affirmed the moral value of equity capital. The second part deals with the evolution of equity capital organization used in seaborne trade of the medieval and Renaissance Italian city states and in the early colonization ventures of western European powers and ends with the emergence in the market for tradeable equity capital shares during the 17th century. The third part begins with the 1719-1720 Mississippi scheme and South Sea bubbles in northern Europe and continues to cover the transition from joint stock companies to limited liability corporations with autonomous shares in England, America and France during the 19th century. This part ends with a fundamental transition in the social conception of equity capital from a concern with equity capital organization to the problem of determining value. The final part is concerned with the evolving valuation and management of equity capital from the 1920s to the present. This period includes the improvement corporate accounting for publicly traded shares engendered by the Great Depression that has facilitated the use of ‘value investing’ techniques and the conflicting emergence of portfolio management methods of modern Finance. Equity Capital is aimed at providing material relevant for academic presentations of equity valuation history and methods, and is targeted at researchers, academics, students and professionals alike.

The Rise of the Quants

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Publisher : Springer
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ISBN 10 : 9781137026149
Pages : 195 pages
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Rating : 4.1/5 (37 users download)


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Summary Book Review The Rise of the Quants :

Download or read book The Rise of the Quants written by C. Read and published by Springer. This book was released on 2012-06-07 with total page 195 pages. Available in PDF, EPUB and Kindle. Book excerpt: The third book in the Great Minds in Finance series examines the pricing of securities and the risk/reward trade off through the legends, contribution, and legacies of Jacob Marschak, William Sharpe, Fischer Black and Myron Scholes, and Robert Merton, influencing both theory and practice, answering the question 'how do we measure risk?'

The Information Nexus

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Publisher : Cambridge University Press
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ISBN 10 : 9781107108684
Pages : 225 pages
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Rating : 4.1/5 (71 users download)


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Summary Book Review The Information Nexus :

Download or read book The Information Nexus written by Steven Marks and published by Cambridge University Press. This book was released on 2016-08-04 with total page 225 pages. Available in PDF, EPUB and Kindle. Book excerpt: A provocative new book calling into question everything we thought we knew about capitalism and what makes it unique.

Anglo-American Securities Regulation

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Publisher : Cambridge University Press
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Language : EN, FR, GB
ISBN 10 : 0521521130
Pages : 340 pages
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Rating : 4.5/5 (211 users download)


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Summary Book Review Anglo-American Securities Regulation :

Download or read book Anglo-American Securities Regulation written by Stuart Banner and published by Cambridge University Press. This book was released on 2002-08-22 with total page 340 pages. Available in PDF, EPUB and Kindle. Book excerpt: A history of the law governing the earliest stock markets in England and the United States.

Finance

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Publisher : John Wiley & Sons
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Language : EN, FR, GB
ISBN 10 : 9780470859148
Pages : 298 pages
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Rating : 4.4/5 (78 users download)


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Summary Book Review Finance :

Download or read book Finance written by Michel Fleuriet and published by John Wiley & Sons. This book was released on 2003-07-07 with total page 298 pages. Available in PDF, EPUB and Kindle. Book excerpt: The financial markets play a crucial role in contemporary society. They can change the lives of whole communities for better or worse and form an essential part of the overall economy. Yet their intermediaries are frequently criticised for misuse of the power that they wield. In this defence of the markets Michel Fleuriet draws on his many years experience in the field to span history and contemporary culture, addressing the market practitioner's raison d'être, his/her wider role, the skills required and the techniques employed. This is a thought-provoking and informative work for all those working in the financial markets, intending to enter them or with an interest in the wider economy. * Draws on the extensive experience of the author - a highly respected name within financial circles. * A synthesis of the author's life time experience within the financial markets. * A seminal work addressing key questions of the philosophical and conceptual background to the financial market. * A controversial and thought-provoking work that every practitioner should read.

Parimutuel Applications In Finance

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Publisher : Springer
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ISBN 10 : 9780230627505
Pages : 278 pages
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Rating : 4.2/5 (36 users download)


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Summary Book Review Parimutuel Applications In Finance :

Download or read book Parimutuel Applications In Finance written by Ken Baron and published by Springer. This book was released on 2006-11-28 with total page 278 pages. Available in PDF, EPUB and Kindle. Book excerpt: Financial intermediaries typically offer derivatives to their customers only when they can hedge the exposures from these transactions. Baron and Lange show that parimutuel auctions can be used by financial intermediaries to offer derivatives without exposing themselves to risk.

Synconomy

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Publisher : Springer
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ISBN 10 : 9780230509559
Pages : 231 pages
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Rating : 4.2/5 (35 users download)


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Summary Book Review Synconomy :

Download or read book Synconomy written by J. DiVanna and published by Springer. This book was released on 2003-05-23 with total page 231 pages. Available in PDF, EPUB and Kindle. Book excerpt: Synconomy argues that the operating state of a firm has a synergistic relationship with the behaviour of the entire marketplace. This will be important in order to understand the value of the firm and predict its performance. The book will explore the business conditions of an ever-more interoperating global economic marketplace in which companies, customers and competitors collaborate on many issues. The book proposes a new approach to measuring value in this inter-connected global framework.

Introduction to Financial Technology

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Publisher : Elsevier
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Language : EN, FR, GB
ISBN 10 : 0080461840
Pages : 368 pages
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Rating : 4.4/5 (618 users download)


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Summary Book Review Introduction to Financial Technology :

Download or read book Introduction to Financial Technology written by Roy S. Freedman and published by Elsevier. This book was released on 2006-04-24 with total page 368 pages. Available in PDF, EPUB and Kindle. Book excerpt: The financial technology environment is a dynamic, high-pressured, fast-paced world in which developing fast and efficient buy-and-sell order processing systems and order executing (clearing and settling) systems is of primary importance. The orders involved come from an ever-changing network of people (traders, brokers, market makers) and technology. To prepare people to succeed in this environment, seasoned financial technology veteran Roy Freedman presents both the technology and the finance side in this comprehensive overview of this dynamic area. He covers the broad range of topics involved in this industry--including auction theory, databases, networked computer clusters, back-office operations, derivative securities, regulation, compliance, bootstrap statistics, optimization, and risk management—in order to present an in-depth treatment of the current state-of-the-art in financial technology. Each chapter concludes with a list of exercises; a list of references; a list of websites for further information; and case studies. With amazing clarity, Freedman explains both the technology side and the finance side of financial technology Accessible to both finance professionals needing to upgrade their technology knowledge and technology specialists needing to upgrade their finance knowledge