Finance's Wrong Turns

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Author :
Publisher : Springer Nature
ISBN 13 : 3031218639
Total Pages : 147 pages
Book Rating : 4.0/5 (312 download)

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Book Synopsis Finance's Wrong Turns by : Richard O. Michaud

Download or read book Finance's Wrong Turns written by Richard O. Michaud and published by Springer Nature. This book was released on 2022-12-16 with total page 147 pages. Available in PDF, EPUB and Kindle. Book excerpt: There is a foundational crisis in financial theory and professional investment practice: There is little, if any, credible evidence that active investment strategies and traditional institutional quantitative technologies are able to provide superior risk-adjusted, cost-adjusted return over investment relevant horizons. Economic and financial theory has been in error for more than fifty years and is the fundamental cause of the persistent ineffectiveness of professional asset management. Contemporary sociological and economic theory, agent-based modeling, and an appreciation of the social context for preference theory provides a rational and intuitive framework for understanding financial markets and economic behavior. The author narrates his long-term experience in the use and limitations of traditional tools of quantitative asset management as an institutional asset manager in practice and as a quantitative analyst and strategist on Wall Street. Monte Carlo simulation methods, modern statistical tools, and U.S. patented innovations are introduced to redefine portfolio optimality and procedures for enhanced professional asset management. A new social context for expected utility theory leads to a novel understanding of modern equity markets as a financial intermediary for purchasing power constant time-shift investing uniquely appropriate for meeting investor long-term investment objectives. This book addresses the limitations and indicated resolutions for more useful financial theory and more reliable asset management technology. In the process, it traces the major historical developments of theory and institutional asset management practice and their limitations over the course of the 20th century to the present, including Markowitz and the birth of modern finance, CAPM theory and emergence of institutional quantitative asset management, CAPM and VM theory limitations and ineffective iconic tools and strategies, and innovations in statistical methodologies and financial market theory.

In and Out of Crisis

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Author :
Publisher : ReadHowYouWant.com
ISBN 13 : 1458775402
Total Pages : 250 pages
Book Rating : 4.4/5 (587 download)

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Book Synopsis In and Out of Crisis by : Greg Albo Albo

Download or read book In and Out of Crisis written by Greg Albo Albo and published by ReadHowYouWant.com. This book was released on 2010-07 with total page 250 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this groundbreaking study of the financial meltdown, renowned radical political economists lay bare the roots of the crisis in the inner logic of capitalism itself. Objective and detailed, this account provocatively challenges the call for a return to a largely mythical golden age of economic regulation as a check on finance capital. In addition, it deftly illuminates how the era of neoliberal free markets has been, in practice, under-girded by state intervention on a massive scale. Arguing for genuinely transformative alternatives to capitalism, and discussing how to build the collective capacity to realize these goals, this record is a critique of the crisis and an indispensable springboard for a renewed political left.

The Wrong Turn

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Author :
Publisher : Tate Publishing
ISBN 13 : 1598866664
Total Pages : 304 pages
Book Rating : 4.5/5 (988 download)

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Book Synopsis The Wrong Turn by : Pawan Jain

Download or read book The Wrong Turn written by Pawan Jain and published by Tate Publishing. This book was released on 2007-11 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt: Set in the turbulent days of the Indian Independence struggle against the British Raj, The Wrong Turn recreates the life in the colonial days, its limitations and prejudices and the communal strife between the Hindus and the Muslims who lived as two separate societies living side by side with each other but with little or no interaction between the two. As a young girl, Chandrakala was pampered by her father. She was admired for her charm and beauty. After her marriage she could not cope with her husband's modest means and she moved back to her father's house contrary to traditions. Chandrakala struggled against all odds with the help of her secret admirer and lover, Ajit, who stood by her in her fight for survival in a callous world as she loses her husband and sons and is left out cold and alone with little to hold on to. The world around her is moving fast and forward, but she seemed to be struck in her own predicament. Pawan Jain takes us to the past century and reminds us of the struggle against the paramount power armed with just Ahimsa and non-violence. The Wrong Turn has a lot to offer for both the Indian and Non-Indian readers, in understanding India of the past and the present. He has expounded the communal relationships without regard to the political correctness when he questions the partition of India along the religious and communal lines.

The Haitian drama, history taking the wrong turn

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Author :
Publisher : Lulu.com
ISBN 13 : 1105451518
Total Pages : 422 pages
Book Rating : 4.1/5 (54 download)

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Book Synopsis The Haitian drama, history taking the wrong turn by : Antoine Archange Raphael

Download or read book The Haitian drama, history taking the wrong turn written by Antoine Archange Raphael and published by Lulu.com. This book was released on 2017-10-24 with total page 422 pages. Available in PDF, EPUB and Kindle. Book excerpt: The socio-historical explanation of Haiti predicament shows a nation plagued by a monstrous psychological repression stemming from its colonial heritage to such a par that the commotions of its political reality seem to be equal to symptoms of generalized neurosis. A politico-socio-economic philosophy may be essential to pull this country from standstill and take it along the road of self-determination

The Psychology of Money

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Author :
Publisher : Harriman House Limited
ISBN 13 : 085719769X
Total Pages : 209 pages
Book Rating : 4.8/5 (571 download)

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Book Synopsis The Psychology of Money by : Morgan Housel

Download or read book The Psychology of Money written by Morgan Housel and published by Harriman House Limited. This book was released on 2020-09-08 with total page 209 pages. Available in PDF, EPUB and Kindle. Book excerpt: Doing well with money isn’t necessarily about what you know. It’s about how you behave. And behavior is hard to teach, even to really smart people. Money—investing, personal finance, and business decisions—is typically taught as a math-based field, where data and formulas tell us exactly what to do. But in the real world people don’t make financial decisions on a spreadsheet. They make them at the dinner table, or in a meeting room, where personal history, your own unique view of the world, ego, pride, marketing, and odd incentives are scrambled together. In The Psychology of Money, award-winning author Morgan Housel shares 19 short stories exploring the strange ways people think about money and teaches you how to make better sense of one of life’s most important topics.

The Truth About Personal Finance (Collection)

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Publisher : Pearson Education
ISBN 13 : 0132595265
Total Pages : 922 pages
Book Rating : 4.1/5 (325 download)

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Book Synopsis The Truth About Personal Finance (Collection) by : Steve Weisman

Download or read book The Truth About Personal Finance (Collection) written by Steve Weisman and published by Pearson Education. This book was released on 2010-08-12 with total page 922 pages. Available in PDF, EPUB and Kindle. Book excerpt: A brand new collection of essential insights for your business, career, and life from world-renowned experts...now in a convenient e-format, at a great price! 150+ ways to build your retirement savings accounts, avoid financial scams, and minimize your taxes! Three full books of proven solutions for building wealth and safeguarding your retirement! Use IRAs and 401(k)s to save more and pay lower taxes...maximize all your legal tax deductions and credits...avoid costly retirement investing pitfalls...protect yourself against phishing, pharming, slamming, and other scams...and much more! From world-renowned leaders and experts, including Steve Weisman and S. Kay Bell.

The Complete Guide to Managing Your Parents' Finances When They Cannot

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Author :
Publisher : Atlantic Publishing Company
ISBN 13 : 1601383134
Total Pages : 290 pages
Book Rating : 4.6/5 (13 download)

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Book Synopsis The Complete Guide to Managing Your Parents' Finances When They Cannot by : W. A. Swan

Download or read book The Complete Guide to Managing Your Parents' Finances When They Cannot written by W. A. Swan and published by Atlantic Publishing Company. This book was released on 2009-10-30 with total page 290 pages. Available in PDF, EPUB and Kindle. Book excerpt: A comprehensive guide to manage the finances of aging parents, discussing what to expect, and providing step- by-step instructions to protect their assets, evaluate their income, understand social security, do their taxes, and fulfill their wishes.

Efficient Asset Management

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Author :
Publisher : Oxford University Press
ISBN 13 : 0199715793
Total Pages : 144 pages
Book Rating : 4.1/5 (997 download)

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Book Synopsis Efficient Asset Management by : Richard O. Michaud

Download or read book Efficient Asset Management written by Richard O. Michaud and published by Oxford University Press. This book was released on 2008-03-03 with total page 144 pages. Available in PDF, EPUB and Kindle. Book excerpt: In spite of theoretical benefits, Markowitz mean-variance (MV) optimized portfolios often fail to meet practical investment goals of marketability, usability, and performance, prompting many investors to seek simpler alternatives. Financial experts Richard and Robert Michaud demonstrate that the limitations of MV optimization are not the result of conceptual flaws in Markowitz theory but unrealistic representation of investment information. What is missing is a realistic treatment of estimation error in the optimization and rebalancing process. The text provides a non-technical review of classical Markowitz optimization and traditional objections. The authors demonstrate that in practice the single most important limitation of MV optimization is oversensitivity to estimation error. Portfolio optimization requires a modern statistical perspective. Efficient Asset Management, Second Edition uses Monte Carlo resampling to address information uncertainty and define Resampled Efficiency (RE) technology. RE optimized portfolios represent a new definition of portfolio optimality that is more investment intuitive, robust, and provably investment effective. RE rebalancing provides the first rigorous portfolio trading, monitoring, and asset importance rules, avoiding widespread ad hoc methods in current practice. The Second Edition resolves several open issues and misunderstandings that have emerged since the original edition. The new edition includes new proofs of effectiveness, substantial revisions of statistical estimation, extensive discussion of long-short optimization, and new tools for dealing with estimation error in applications and enhancing computational efficiency. RE optimization is shown to be a Bayesian-based generalization and enhancement of Markowitz's solution. RE technology corrects many current practices that may adversely impact the investment value of trillions of dollars under current asset management. RE optimization technology may also be useful in other financial optimizations and more generally in multivariate estimation contexts of information uncertainty with Bayesian linear constraints. Michaud and Michaud's new book includes numerous additional proposals to enhance investment value including Stein and Bayesian methods for improved input estimation, the use of portfolio priors, and an economic perspective for asset-liability optimization. Applications include investment policy, asset allocation, and equity portfolio optimization. A simple global asset allocation problem illustrates portfolio optimization techniques. A final chapter includes practical advice for avoiding simple portfolio design errors. With its important implications for investment practice, Efficient Asset Management 's highly intuitive yet rigorous approach to defining optimal portfolios will appeal to investment management executives, consultants, brokers, and anyone seeking to stay abreast of current investment technology. Through practical examples and illustrations, Michaud and Michaud update the practice of optimization for modern investment management.

Quantitative Finance

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Publisher : John Wiley & Sons
ISBN 13 : 9780470455272
Total Pages : 448 pages
Book Rating : 4.4/5 (552 download)

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Book Synopsis Quantitative Finance by : T. Wake Epps

Download or read book Quantitative Finance written by T. Wake Epps and published by John Wiley & Sons. This book was released on 2009-03-23 with total page 448 pages. Available in PDF, EPUB and Kindle. Book excerpt: A rigorous, yet accessible, introduction to essential topics in mathematical finance Presented as a course on the topic, Quantitative Finance traces the evolution of financial theory and provides an overview of core topics associated with financial investments. With its thorough explanations and use of real-world examples, this book carefully outlines instructions and techniques for working with essential topics found within quantitative finance including portfolio theory, pricing of derivatives, decision theory, and the empirical behavior of prices. The author begins with introductory chapters on mathematical analysis and probability theory, which provide the needed tools for modeling portfolio choice and pricing in discrete time. Next, a review of the basic arithmetic of compounding as well as the relationships that exist among bond prices and spot and forward interest rates is presented.? Additional topics covered include: Dividend discount models Markowitz mean-variance theory The Capital Asset Pricing Model Static?portfolio theory based on the expected-utility paradigm Familiar probability models for marginal distributions of returns and the dynamic behavior of security prices The final chapters of the book delve into the paradigms of pricing and present the application of martingale pricing in advanced models of price dynamics. Also included is a step-by-step discussion on the use of Fourier methods to solve for arbitrage-free prices when underlying price dynamics are modeled in realistic, but complex ways. Throughout the book, the author presents insight on current approaches along with comments on the unique difficulties that exist in the study of financial markets. These reflections illustrate the evolving nature of the financial field and help readers develop analytical techniques and tools to apply in their everyday work. Exercises at the end of most chapters progress in difficulty, and selected worked-out solutions are available in the appendix. In addition, numerous empirical projects utilize MATLAB® and Minitab® to demonstrate the mathematical tools of finance for modeling the behavior of prices and markets. Data sets that accompany these projects can be found via the book's FTP site. Quantitative Finance is an excellent book for courses in quantitative finance or financial engineering at the upper-undergraduate and graduate levels. It is also a valuable resource for practitioners in related fields including engineering, finance, and economics.

Why We Ride

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Publisher : Fox Chapel Publishing
ISBN 13 : 1620082292
Total Pages : 451 pages
Book Rating : 4.6/5 (2 download)

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Book Synopsis Why We Ride by : Mark Barnes, PhD

Download or read book Why We Ride written by Mark Barnes, PhD and published by Fox Chapel Publishing. This book was released on 2018-01-09 with total page 451 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why would anyone want to do something as dangerous as motorcycling? For those who love to ride, no explanation is necessary. For everyone else, there’s Why We Ride. Designed as both an explanation for outsiders and an anthem for those within the fold, this new book presents the insights of Mark Barnes, PhD, a motorcycling clinical psychologist. As a popular columnist at Motorcycle Consumer News for more than 20 years, Dr. Barnes articulates the elusive physical, emotional, and interpersonal elements that make the world of the motorcyclist such a rich and exciting place. His wide-ranging text covers both sports psychology and the psychoanalysis of common riding experiences, including the results of Dr. Barnes’ own empirical research. Heartfelt and thought provoking, here is a straightforward account of what makes real motorcyclists tick. Inside Why We Ride: What makes all the hazards and hardships of riding a motorcycle worthwhile to perfectly sane, intelligent, and responsible individuals Insights from clinical psychologist and moto-journalist Dr. Mark Barnes Examination of the complex gratifications, relentlessly compelling passions, and deeply personal experiences that motivate motorcyclists Sports psychology, psychoanalysis of common riding experiences, and reflections on the author’s personal journey as a rider Results of the author’s own empirical research on the motives of motorcyclists Thought-provoking exploration of the human dimension of motorcycling Special section on how riders achieve the quasi-mystical state of “Flow,” a concept currently at the center of modern sports psychology

Bad with Money

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Publisher : Simon and Schuster
ISBN 13 : 150117634X
Total Pages : 304 pages
Book Rating : 4.5/5 (11 download)

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Book Synopsis Bad with Money by : Gaby Dunn

Download or read book Bad with Money written by Gaby Dunn and published by Simon and Schuster. This book was released on 2019-01-01 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt: “Humorous and forthright...[Gaby] Dunn makes facing money issues seem not only palatable but possibly even fun....Dunn’s book delivers.” —Publishers Weekly The beloved writer-comedian expands on her popular podcast with an engaging and empowering financial literacy book for Millennials and Gen Z. In the first episode of her “Bad With Money” podcast, Gaby Dunn asked patrons at a coffee shop two questions: First, what’s your favorite sex position? Everyone was game to answer, even the barista. Then, she asked how much money was in their bank accounts. People were aghast. “That’s a very personal question,” they insisted. And therein lies the problem. Dunn argues that our inability to speak honestly about money is our #1 barrier to understanding it, leading us to feel alone, ashamed and anxious, which in turns makes us feel even more overwhelmed by it. In Bad With Money, she reveals the legitimate, systemic reasons behind our feeling of helplessness when it comes to personal finance, demystifying the many signposts on the road to getting our financial sh*t together, like how to choose an insurance plan or buy a car, sign up for a credit card or take out student loans. She speaks directly to her audience, offering advice on how to make that #freelancelyfe work for you, navigate money while you date, and budget without becoming a Nobel-winning economist overnight. Even a topic as notoriously dry as money becomes hilarious and engaging in the hands of Dunn, who weaves her own stories with the perspectives of various comedians, artists, students, and more, arguing that—even without selling our bodies to science or suffering the indignity of snobby thrift shop buyers—we can all start taking control of our financial futures.

Public Finance and Economic Growth in Developing Countries

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Author :
Publisher : Routledge
ISBN 13 : 1317532732
Total Pages : 328 pages
Book Rating : 4.3/5 (175 download)

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Book Synopsis Public Finance and Economic Growth in Developing Countries by : Stephen B. Peterson

Download or read book Public Finance and Economic Growth in Developing Countries written by Stephen B. Peterson and published by Routledge. This book was released on 2015-04-24 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt: Public finance is crucial to a country’s economic growth, yet successful reform of public finances has been rare. Ethiopia is an example of a country that undertook comprehensive reform of its core financial systems, independent of the IMF and the World Bank, and successfully transformed itself into one of the fastest-growing economies in Africa. With Ethiopia’s twelve-year reform as its guiding case study, this book presents new analytical frameworks to help governments develop better financial reforms. It shows in detail how four core financial systems—budgeting, accounting, planning, and financial information systems—can be reformed. One of the principal findings presented is that governments must establish basic public financial administration before moving to more sophisticated public financial management. Other key findings include the identification of four strategies of reform (recognize, improve, change, and sustain), the centrality of ongoing learning to the process of reform, and the importance of government ownership of reform. This book will be of interest to researchers and policymakers concerned with public finance, developmental economics, and African studies.

Just Watch Me

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Author :
Publisher : Vintage Canada
ISBN 13 : 0676975240
Total Pages : 834 pages
Book Rating : 4.6/5 (769 download)

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Book Synopsis Just Watch Me by : John English

Download or read book Just Watch Me written by John English and published by Vintage Canada. This book was released on 2010-09-07 with total page 834 pages. Available in PDF, EPUB and Kindle. Book excerpt: This magnificent second volume, written with exclusive access to Trudeau’s private papers and letters, completes what the Globe and Mail called “the most illuminating Trudeau portrait yet written” — sweeping us from sixties’ Trudeaumania to his final days when he debated his faith. His life is one of Canada’s most engrossing stories. John English reveals how for Trudeau style was as important as substance, and how the controversial public figure intertwined with the charismatic private man and committed father. He traces Trudeau’s deep friendships (with women especially, many of them talented artists, like Barbra Streisand) and bitter enmities; his marriage and family tragedy. He illuminates his strengths and weaknesses — from Trudeaumania to political disenchantment, from his electrifying response to the kidnappings during the October Crisis, to his all-important patriation of the Canadian Constitution, and his evolution to influential elder statesman.

Money Mistakes You Can't Afford to Make

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Author :
Publisher : McGraw Hill Professional
ISBN 13 : 0071436057
Total Pages : 306 pages
Book Rating : 4.0/5 (714 download)

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Book Synopsis Money Mistakes You Can't Afford to Make by : Paul Lim

Download or read book Money Mistakes You Can't Afford to Make written by Paul Lim and published by McGraw Hill Professional. This book was released on 2003-09-22 with total page 306 pages. Available in PDF, EPUB and Kindle. Book excerpt: An easy-to-follow map for successfully navigating the perils of personal financial planning When it comes to their own finances, most people don't know what to do--or what not to do--until it's too late. Money Mistakes You Can't Afford to Make is an easy-to-follow rule book for recognizing and avoiding the ordinary, often-overlooked financial missteps that can ruin the best-laid financial plans, and haunt investors for years. Written by popular U.S. News & World Report editor and columnist Paul Lim, this book covers the most common money management traps. From "mortgaging" your 401(k) to not getting life insurance, it shows readers how to sidestep blunders, or even turn them into positives, by: Planning for specific life events and future needs Implementing necessary strategies for spending Determining when to follow fads or stay the course

Nuclear Finance

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Publisher : novum pro Verlag
ISBN 13 : 3991078856
Total Pages : 240 pages
Book Rating : 4.9/5 (91 download)

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Book Synopsis Nuclear Finance by : Dr Anders Kjellman

Download or read book Nuclear Finance written by Dr Anders Kjellman and published by novum pro Verlag. This book was released on 2022-02-27 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt: At any time, unexpectedly our finance-driven world can explode with devastating consequences. As it did with the default of Lehman Brothers in 2008 and the Corona pandemic of 2020. Disruptions like Bitcoin, payment platforms, fraud and nuclear war can fast cause a chain reaction like a devastating nuclear bomb. How should managers prepare and act in these times which we call the "Age of Nuclear Finance"? The purpose of this book is to analyse and provide guidelines on how bank managers and customers can adapt to the challenges being faced during the 4th industrial revolution. There has never been so much money, nor regulation around. And the banking sector is changing, due to negative interest rates, disruptive financial innovations and technology.

Filmmakers and Financing

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Author :
Publisher : Taylor & Francis
ISBN 13 : 0240820991
Total Pages : 314 pages
Book Rating : 4.2/5 (48 download)

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Book Synopsis Filmmakers and Financing by : Louise Levison

Download or read book Filmmakers and Financing written by Louise Levison and published by Taylor & Francis. This book was released on 2013 with total page 314 pages. Available in PDF, EPUB and Kindle. Book excerpt: The first, most crucial step in making a film is finding the funds to do it. Let Louise Levison, who wrote the innovative business plan for "The Blair Witch Project," show you how. This unique guide teaches you not only how to create a business plan, but also how to avoid common business plan mistakes, so that you can attract and secure an investor. In jargon-free terms, the author leads you through every step. Each chapter concentrates on a different section of the business plan, including the industry, marketing, financing, and distribution. Large format films, new media and shorts are also discussed. The included companion web site features supplementary exercises and spreadsheets so that you get comfortable crunching the numbers--no math degree required! The sixth edition contains completely revised and updated industry data along with updated information on distribution including online and foreign markets. Plus, new interviews and case studies with filmmakers will show you real-world examples of equity investors and markets.

10 Building Blocks for a Solid Family

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Publisher : Baker Books
ISBN 13 : 1441265953
Total Pages : 170 pages
Book Rating : 4.4/5 (412 download)

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Book Synopsis 10 Building Blocks for a Solid Family by : Jim Burns

Download or read book 10 Building Blocks for a Solid Family written by Jim Burns and published by Baker Books. This book was released on 2010-08-23 with total page 170 pages. Available in PDF, EPUB and Kindle. Book excerpt: This honest and enlightening book from one Christian parent to another is filled with encouragement and time-tested techniques for anyone who wants to ensure the health and happiness of their own family. Jim Burns will be the first to tell you that no family is perfect--including his own--and in 10 Building Blocks for a Strong Family, he emphasizes the heartening news that most parents do a good job of parenting but just don't know it. Here parents will find personal stories from interviews with parents and experts on family relationships, covering almost every aspect of parenting--from helping children deal with stress to learning to play together as a family. When readers learn the ten essential principles for creating a strong, close-knit household, they'll discover a family that shines with love for God and one another!