Foundations for Scientific Investing (Revised Eighth)

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Author :
Publisher : Timothy Crack
ISBN 13 : 9780995117303
Total Pages : 638 pages
Book Rating : 4.1/5 (173 download)

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Book Synopsis Foundations for Scientific Investing (Revised Eighth) by : Timothy Falcon Crack

Download or read book Foundations for Scientific Investing (Revised Eighth) written by Timothy Falcon Crack and published by Timothy Crack. This book was released on 2019 with total page 638 pages. Available in PDF, EPUB and Kindle. Book excerpt: [Note: eBook version of latest edition now available; see Amazon author page for details.] This revised eighth edition lays a firm foundation for thinking about and conducting investment. It does this by helping to build capital markets intuition and critical thinking skills. The material in this book is the product of 25+ years of investment research and experience (academic, personal, and professional), and 20+ painstaking years of destructive testing in university classrooms. Although the topic is applied investments, the integration of finance, economics, accounting, pure mathematics, statistics, numerical techniques, and spreadsheets (or programming) make this an ideal capstone course at the advanced undergraduate or masters/MBA level. The book has a heavily scientific/quantitative focus, but the material should be accessible to a motivated practitioner or talented individual investor with (for the most part) only high school level mathematics. Although aimed at the advanced undergraduate or masters/MBA level, the careful explanations of a wide range of advanced capital markets topics makes this an excellent book for a U.S. PhD student in need of an easily accessible foundation course in capital markets theory and practice. There are literature reviews of multiple advanced areas, and more than 30 unanswered research questions are identified; these research questions would be ideal for a master's thesis or a chapter of a PhD. The applied nature of the book also makes it ideal for capital markets practitioners. For example, in one exercise, the reader is taken by the hand and walked through construction of a worked spreadsheet example of an active alpha optimization using actual stock market data. (The reader gets to build ex-ante alphas, and feed them into an optimization that weighs returns, risk, and transaction costs. A portfolio is rebalanced based on the optimization, and ultimately a backtest is conducted to measure ex post alpha.) Other practitioner material includes advanced time value of money exercises, a review of retirement topics, an extensive discussion of dividends, P/E ratios, transaction costs, the CAPM, and value versus growth versus glamour, and a review of more than 100 years of stock market performance, and more than 200 years of interest rates. The list of references at the end of this edition of the book has 895 items from the academic and practitioner literature. The index has over 7,000 entries (in over 4,000 lines). Special attention is paid to more difficult topics like the Roll critique, smart beta, factor-based investing, and Grinold-Kahn versus Black-Litterman models. Every investor needs capital markets intuition and critical thinking skills to conduct confident, deliberate, and skeptical investment. The overarching goal of this book is to help investors build these skills. Note that a separate book with more than 500 test questions exists to accompany this book.

Foundations for Scientific Investing

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Author :
Publisher :
ISBN 13 : 9780994138620
Total Pages : 602 pages
Book Rating : 4.1/5 (386 download)

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Book Synopsis Foundations for Scientific Investing by : Timothy Falcon Crack

Download or read book Foundations for Scientific Investing written by Timothy Falcon Crack and published by . This book was released on 2016-11-01 with total page 602 pages. Available in PDF, EPUB and Kindle. Book excerpt: This revised sixth edition lays a firm foundation for thinking about and conducting investment. It does this by helping to build capital markets intuition and critical thinking skills. The material in this book is the product of 25 years of investment experience and 20 painstaking years of destructive testing in university classrooms. Although the topic is applied investments, the integration of finance, economics, accounting, pure mathematics, statistics, numerical techniques, and spreadsheets (or programming) make this an ideal capstone course at the advanced undergraduate or masters/MBA level. The book has a heavily scientific/quantitative focus, but the material should be accessible to a motivated practitioner or talented individual investor with (for the most part) only high school level mathematics. Although aimed at the advanced undergraduate or masters/MBA level, the careful explanations of a wide range of advanced capital markets topics makes this an excellent book for a U.S. PhD student in need of an easily accessible foundation course in capital markets theory and practice. There are literature reviews of multiple advanced areas, and many research questions are identified that need to be answered to fill gaps in the literature; these research questions would be ideal for a master's thesis or a chapter of a PhD. The applied nature of the book also makes it ideal for capital markets practitioners. For example, in one exercise, the reader is taken by the hand and walked through construction of a worked spreadsheet example of an active alpha optimization using actual stock market data. (The reader gets to build ex-ante alphas, and feed them into an optimization that weighs returns, risk, and transaction costs. A portfolio is rebalanced based on the optimization, and ultimately a backtest is conducted to measure ex post alpha.) Other practitioner material includes advanced time value of money exercises, a review of retirement topics, an extensive discussion of dividends, P/E ratios, transaction costs, the CAPM, and value versus growth versus glamour, and a review of more than 100 years of stock market performance, and more than 200 years of interest rates. The list of references at the end of this edition of the book has over 900 items from the academic and practitioner literature. The index has over 7,000 entries (in over 3,900 lines). Special attention is paid to difficult topics like the Roll critique, smart beta, factor-based investing, and Grinold-Kahn versus Black-Litterman models. Every investor needs capital markets intuition and critical thinking skills to conduct confident, deliberate, and skeptical investment. The overarching goal of this book is to help investors build these skills.

Foundations for Scientific Investing (Revised Seventh)

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Author :
Publisher :
ISBN 13 : 9780994138668
Total Pages : 594 pages
Book Rating : 4.1/5 (386 download)

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Book Synopsis Foundations for Scientific Investing (Revised Seventh) by : Timothy Falcon Crack

Download or read book Foundations for Scientific Investing (Revised Seventh) written by Timothy Falcon Crack and published by . This book was released on 2017 with total page 594 pages. Available in PDF, EPUB and Kindle. Book excerpt: This revised seventh edition lays a firm foundation for thinking about and conducting investment. It does this by helping to build capital markets intuition and critical thinking skills. The material in this book is the product of 25+ years of investment research and experience (academic, personal, and professional), and 20+ painstaking years of destructive testing in university classrooms. Although the topic is applied investments, the integration of finance, economics, accounting, pure mathematics, statistics, numerical techniques, and spreadsheets (or programming) make this an ideal capstone course at the advanced undergraduate or masters/MBA level. The book has a heavily scientific/quantitative focus, but the material should be accessible to a motivated practitioner or talented individual investor with (for the most part) only high school level mathematics. Although aimed at the advanced undergraduate or masters/MBA level, the careful explanations of a wide range of advanced capital markets topics makes this an excellent book for a U.S. PhD student in need of an easily accessible foundation course in capital markets theory and practice. There are literature reviews of multiple advanced areas, and more than 30 unanswered research questions are identified; these research questions would be ideal for a master's thesis or a chapter of a PhD. The applied nature of the book also makes it ideal for capital markets practitioners. For example, in one exercise, the reader is taken by the hand and walked through construction of a worked spreadsheet example of an active alpha optimization using actual stock market data. (The reader gets to build ex-ante alphas, and feed them into an optimization that weighs returns, risk, and transaction costs. A portfolio is rebalanced based on the optimization, and ultimately a backtest is conducted to measure ex post alpha.) Other practitioner material includes advanced time value of money exercises, a review of retirement topics, an extensive discussion of dividends, P/E ratios, transaction costs, the CAPM, and value versus growth versus glamour, and a review of more than 100 years of stock market performance, and more than 200 years of interest rates. The list of references at the end of this edition of the book has over 830 items from the academic and practitioner literature. The index has over 7,000 entries (in over 4,000 lines). Special attention is paid to more difficult topics like the Roll critique, smart beta, factor-based investing, and Grinold-Kahn versus Black-Litterman models. Every investor needs capital markets intuition and critical thinking skills to conduct confident, deliberate, and skeptical investment. The overarching goal of this book is to help investors build these skills. Note that a separate book with more than 500 test questions exists to accompany this book.

Foundations for Scientific Investing (Revised Tenth)

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Author :
Publisher :
ISBN 13 : 9780995117365
Total Pages : 716 pages
Book Rating : 4.1/5 (173 download)

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Book Synopsis Foundations for Scientific Investing (Revised Tenth) by : Timothy Falcon Crack

Download or read book Foundations for Scientific Investing (Revised Tenth) written by Timothy Falcon Crack and published by . This book was released on 2020-11-25 with total page 716 pages. Available in PDF, EPUB and Kindle. Book excerpt: [Note: eBook version of latest edition now available; see Amazon author page for details.] Every investor needs capital markets intuition and critical thinking skills to conduct confident, deliberate, and skeptical investment. The overarching goal of this book is to help investors build these skills. This revised tenth edition is the product of 25+ years of investment research and experience (academic, personal, and professional), and 20+ painstaking years of destructive testing in university classrooms. Although the topic is applied investments, the integration of finance, economics, accounting, pure mathematics, statistics, numerical techniques, and spreadsheets (or programming) make this an ideal capstone course at the advanced undergraduate or masters/MBA level. The book has a heavily scientific/quantitative focus, but the material should be accessible to a motivated practitioner or talented individual investor with (for the most part) only high school level mathematics or intermediate level university mathematics. Although aimed at the advanced undergraduate or masters/MBA level, the careful explanations of a wide range of advanced capital markets topics makes this an excellent book for a U.S. PhD student in need of an easily accessible foundation course in capital markets theory and practice. There are literature reviews of multiple advanced areas, and more than 30 unanswered research questions are identified; these research questions would be ideal for a master's thesis or a chapter of a PhD. The applied nature of the book also makes it ideal for capital markets practitioners. For example, in one exercise, the reader is taken by the hand and walked through construction of a worked spreadsheet example of an active alpha optimization using actual stock market data. (The reader gets to build ex-ante alphas, and feed them into an optimization that weighs returns, risk, and transaction costs. A portfolio is rebalanced based on the optimization, and ultimately a backtest is conducted to measure ex post alpha.) Other practitioner material includes advanced time value of money exercises, a review of retirement topics, extensive discussions of dividends, P/E ratios, transaction costs, the CAPM, value versus growth versus glamour versus income, and a review of more than 100 years of stock market performance and more than 200 years of interest rates. The book contains more than 65 "Quant Quizzes," containing over 100 individual questions. Each is designed to reinforce key ideas. There are also a dozen "You Need to Know boxes," each of which focuses on a very important point that is often taught poorly or overlooked completely in university courses. Special attention is paid to more difficult topics like construction of Student-t statistics, the Roll critique, smart beta, factor-based investing, the Fama-French critique, and Grinold-Kahn versus Black-Litterman models (note that a hybrid Grinold-Kahn/Black-Litterman model is introduced). A key diagram shows how the following models are related to each other: Martingale, Random Walk, ABM, GBM, APT, CAPM, Markowitz, Tobin, Zero-Beta CAPM, CAPM, Black-Scholes, Bachelier, etc. Also, the Roll Critique and the Black Zero-Beta CAPM are both generalized to include reference portfolios that are not necessarily fully invested. The list of references has 1,116 items from the academic and practitioner literature and the index has 9,249 entries (in 4,358 lines). Finally, note that a separate book exists with more than 600 class-tested questions to accompany this book (Foundations for Scientific Investing: Multiple-Choice, Short-Answer, and Long-Answer Test Questions).

Foundations for Scientific Investing (Revised Ninth): Capital Markets Intuition and Critical Thinking Skills

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Author :
Publisher : Timothy Crack
ISBN 13 : 9780995117372
Total Pages : 670 pages
Book Rating : 4.1/5 (173 download)

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Book Synopsis Foundations for Scientific Investing (Revised Ninth): Capital Markets Intuition and Critical Thinking Skills by : Timothy Falcon Crack

Download or read book Foundations for Scientific Investing (Revised Ninth): Capital Markets Intuition and Critical Thinking Skills written by Timothy Falcon Crack and published by Timothy Crack. This book was released on 2019-12-07 with total page 670 pages. Available in PDF, EPUB and Kindle. Book excerpt: [Note: eBook version of latest edition now available; see Amazon author page for details.] This revised ninth edition lays a firm foundation for thinking about and conducting investment. It does this by helping to build capital markets intuition and critical thinking skills. The material in this book is the product of 25+ years of investment research and experience (academic, personal, and professional), and 20+ painstaking years of destructive testing in university classrooms. Although the topic is applied investments, the integration of finance, economics, accounting, pure mathematics, statistics, numerical techniques, and spreadsheets (or programming) make this an ideal capstone course at the advanced undergraduate or masters/MBA level. The book has a heavily scientific/quantitative focus, but the material should be accessible to a motivated practitioner or talented individual investor with (for the most part) only high school level mathematics or intermediate level University mathematics. Although aimed at the advanced undergraduate or masters/MBA level, the careful explanations of a wide range of advanced capital markets topics makes this an excellent book for a U.S. PhD student in need of an easily accessible foundation course in capital markets theory and practice. There are literature reviews of multiple advanced areas, and more than 30 unanswered research questions are identified; these research questions would be ideal for a master's thesis or a chapter of a PhD. The applied nature of the book also makes it ideal for capital markets practitioners. For example, in one exercise, the reader is taken by the hand and walked through construction of a worked spreadsheet example of an active alpha optimization using actual stock market data. (The reader gets to build ex-ante alphas, and feed them into an optimization that weighs returns, risk, and transaction costs. A portfolio is rebalanced based on the optimization, and ultimately a backtest is conducted to measure ex post alpha.) Other practitioner material includes advanced time value of money (TVM) exercises, a review of retirement topics, extensive discussions of dividends, P/E ratios, transaction costs, the CAPM, and value versus growth versus glamour versus income, and a review of more than 100 years of stock market performance, and more than 200 years of interest rates. The list of references at the end of this edition of the book has 1,096 items from the academic and practitioner literature. The index has over 8,700 entries (in over 4,100 lines). Special attention is paid to more difficult topics like construction of Student-t statistics, the Roll critique, smart beta, factor-based investing, the Fama-French critique, and Grinold-Kahn versus Black-Litterman models. Every investor needs capital markets intuition and critical thinking skills to conduct confident, deliberate, and skeptical investment. The overarching goal of this book is to help investors build these skills. Note that a separate book with more than 500 test questions exists to accompany this book.

Foundations for Scientific Investing (Revised 11th)

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Author :
Publisher :
ISBN 13 : 9781991155429
Total Pages : 730 pages
Book Rating : 4.1/5 (554 download)

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Book Synopsis Foundations for Scientific Investing (Revised 11th) by : Timothy Falcon Crack

Download or read book Foundations for Scientific Investing (Revised 11th) written by Timothy Falcon Crack and published by . This book was released on 2022 with total page 730 pages. Available in PDF, EPUB and Kindle. Book excerpt: [Note: eBook version of latest edition now available; see Amazon author page for details.] Every investor needs capital markets intuition and critical thinking skills to conduct confident, deliberate, and skeptical investment. The overarching goal of this book is to help investors build these skills. This revised 11th edition is the product of 25+ years of investment research and experience (academic, personal, and professional), and 20+ painstaking years of destructive testing in university classrooms. Although the topic is applied investments, the integration of finance, economics, accounting, pure mathematics, statistics, numerical techniques, and spreadsheets (or programming) make this an ideal capstone course at the advanced undergraduate or masters/MBA level. The book has a heavily scientific/quantitative focus, but the material should be accessible to a motivated practitioner or talented individual investor with (for the most part) only high school level mathematics or intermediate level university mathematics. Although aimed at the advanced undergraduate or masters/MBA level, the careful explanations of a wide range of advanced capital markets topics makes this an excellent book for a U.S. PhD student in need of an easily accessible foundation course in capital markets theory and practice. There are literature reviews of multiple advanced areas, and more than 30 unanswered research questions are identified; these research questions would be ideal for a master's thesis or a chapter of a PhD. The applied nature of the book also makes it ideal for capital markets practitioners. For example, in one exercise, the reader is taken by the hand and walked through construction of a worked spreadsheet example of an active alpha optimization using actual stock market data. (The reader gets to build ex-ante alphas, and feed them into an optimization that weighs returns, risk, and transaction costs. A portfolio is rebalanced based on the optimization, and ultimately a backtest is conducted to measure ex post alpha.) Other practitioner material includes advanced time value of money exercises, a review of retirement topics, extensive discussions of dividends, P/E ratios, transaction costs, the CAPM, value versus growth versus glamour versus income, and a review of more than 100 years of stock market performance and more than 200 years of interest rates. The book contains 72 "Quant Quizzes," containing over 100 individual questions. Each is designed to reinforce key ideas. There are also more than 10 "You Need to Know" boxes, each of which focuses on a very important point that is often taught poorly or overlooked completely in university courses. Special attention is paid to more difficult topics like construction of Student-t statistics, the Roll critique, smart beta, factor-based investing, the Fama-French critique, and Grinold-Kahn versus Black-Litterman models (note that a hybrid Grinold-Kahn/Black-Litterman model is introduced). A key diagram shows how the following models are related to each other: Martingale, Random Walk, ABM, GBM, APT, CAPM, Markowitz, Tobin, Zero-Beta CAPM, Black-Scholes, Bachelier, etc. Another key diagram identifies participants in securities lending transactions that stand behind any short sale of stock. Also, the Roll Critique and the Black Zero-Beta CAPM are both generalized to reference portfolios that are not necessarily fully invested. The list of references has over 1,000 items from the academic and practitioner literature and the extensive index has over 9,500 entries. Finally, note that a separate book with more than 600 classroom-tested questions exists to accompany this book.

Foundations for Scientific Investing

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Author :
Publisher : Timothy Crack
ISBN 13 : 9780994118202
Total Pages : 512 pages
Book Rating : 4.1/5 (182 download)

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Book Synopsis Foundations for Scientific Investing by : Timothy Falcon Crack

Download or read book Foundations for Scientific Investing written by Timothy Falcon Crack and published by Timothy Crack. This book was released on 2014 with total page 512 pages. Available in PDF, EPUB and Kindle. Book excerpt: The revised third edition of this book lays a firm foundation for thinking about and conducting investment. It does this by helping to build capital markets intuition and critical thinking skills. The material in this book is the product of 25 years of investment experience and 20 painstaking years of destructive testing in university classrooms. The book has a heavily scientific/quantitative focus, but the material should be accessible to a motivated practitioner or talented individual investor with only high school level mathematics. Although the topic is applied investments, the integration of finance, economics, accounting, pure mathematics, statistics, numerical techniques, and spreadsheets (or programming) make this an ideal capstone course at the advanced undergraduate or master's/MBA level. Although aimed at the advanced undergraduate or masters/MBA level, the careful explanations of a wide range of advanced capital markets topics makes this an excellent book for a U.S. PhD student in need of an easily accessible foundation course in capital markets theory and practice. There are literature reviews of multiple advanced areas. Many research questions are identified that still need to be answered to fill gaps in the literature; these research questions would be ideal for a master's thesis or a chapter of a PhD. The applied nature of the book also makes it ideal for capital markets practitioners. For example, in one exercise, the reader is taken by the hand and walked through construction of a worked spreadsheet example of an active alpha optimization using actual stock market data. The reader gets to build ex-ante alphas, and feed them into an optimization that weighs returns, risk, and transaction costs. A portfolio is rebalanced based on the optimization, and ultimately a backtest is conducted to measure ex post alpha. Other practitioner material includes advanced time value of money exercises, a review of retirement topics, an extensive discussions of dividends, P/E ratios, transaction costs, the CAPM, critiques of the CAPM, value versus growth versus glamour, a comparison of Black-Litterman and Grinold-Kahn approaches to active management, and a review of more than 100 years of stock market performance, and more than 200 years of interest rates. The list of references includes more than 600 works for further study and the index points to over 3,000 items within the book. Every investor needs capital markets intuition and critical thinking skills to conduct confident, deliberate, and skeptical investment. The overarching goal of this book is to help investors build these skills.

Foundations for Scientific Investing

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Author :
Publisher :
ISBN 13 : 9781991155474
Total Pages : 0 pages
Book Rating : 4.1/5 (554 download)

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Book Synopsis Foundations for Scientific Investing by : Timothy Falcon Crack

Download or read book Foundations for Scientific Investing written by Timothy Falcon Crack and published by . This book was released on 2024-02-14 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: [Note: eBook version of latest edition now available; see Amazon author page for details.] Every investor needs capital markets intuition and critical thinking skills to conduct confident, deliberate, and skeptical investment. The overarching goal of this book is to help investors build these skills. This revised 13th edition is the product of 25+ years of investment research and experience (academic, personal, and professional), and 20+ painstaking years of destructive testing in university classrooms. Although the topic is applied investments, the integration of finance, economics, accounting, pure mathematics, statistics, numerical techniques, and spreadsheets (or programming) make this an ideal capstone course at the advanced undergraduate or masters/MBA level. The book has a heavily scientific/quantitative focus, but the material should be accessible to a motivated practitioner or talented individual investor with (for the most part) only high school level mathematics or intermediate level university mathematics. Although aimed at the advanced undergraduate or masters/MBA level, the careful explanations of a wide range of advanced capital markets topics makes this an excellent book for a U.S. PhD student in need of an easily accessible foundation course in capital markets theory and practice. There are literature reviews of multiple advanced areas. More than 30 unanswered research questions are identified; these research questions would be ideal for a master's thesis or a chapter of a PhD. The applied nature of the book also makes it ideal for capital markets practitioners. For example, in one exercise, the reader is taken by the hand and walked through construction of a worked spreadsheet example of an active alpha optimization using actual stock market data. (The reader gets to build ex-ante alphas, and feed them into an optimization that weighs returns, risk, and transaction costs. A portfolio is rebalanced based on the optimization, and ultimately a backtest is conducted to measure ex post alpha.) Other practitioner material includes advanced time value of money exercises, a review of retirement topics, extensive discussions of dividends, P/E ratios, transaction costs, the CAPM, value versus growth versus glamour versus income, and a review of more than 100 years of stock market performance and more than 200 years of interest rates. There are 72 "Quant Quizzes," containing over 100 individual questions. Each is designed to reinforce key ideas. There are also more than 10 "You Need to Know" boxes, each of which focuses on an important point that is often taught poorly or overlooked completely in university courses. Special attention is paid to more difficult topics like construction of Student-t statistics, the Roll critique, smart beta, factor-based investing, the Fama-French critique, and Grinold-Kahn versus Black-Litterman models (note that a hybrid Grinold-Kahn/Black-Litterman model is introduced). A key diagram shows how the following models are related to each other: Martingale, Random Walk, ABM, GBM, APT, CAPM, Markowitz, Tobin, Zero-Beta CAPM, Black-Scholes, Bachelier, etc. Another key diagram identifies participants in securities lending transactions that stand behind any short sale of stock. Also, the Roll Critique and the Black Zero-Beta CAPM are both generalized to reference portfolios that are not necessarily fully invested. The list of references has over 1,000 items from the academic and practitioner literature and the extensive index has over 9,500 entries. Finally, note that a separate book with more than 700 classroom-tested questions exists to accompany this book.

Foundations for Scientific Investing: Capital Markets Intuition and Critical Thinking Skills (12th Ed.)

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Author :
Publisher : Timothy Crack
ISBN 13 : 9781991155450
Total Pages : 0 pages
Book Rating : 4.1/5 (554 download)

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Book Synopsis Foundations for Scientific Investing: Capital Markets Intuition and Critical Thinking Skills (12th Ed.) by : Timothy Falcon Crack

Download or read book Foundations for Scientific Investing: Capital Markets Intuition and Critical Thinking Skills (12th Ed.) written by Timothy Falcon Crack and published by Timothy Crack. This book was released on 2022-08-25 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: [Note: eBook version of latest edition now available; see Amazon author page for details.] Every investor needs capital markets intuition and critical thinking skills to conduct confident, deliberate, and skeptical investment. The overarching goal of this book is to help investors build these skills. This revised 12th edition is the product of 25+ years of investment research and experience (academic, personal, and professional), and 20+ painstaking years of destructive testing in university classrooms. Although the topic is applied investments, the integration of finance, economics, accounting, pure mathematics, statistics, numerical techniques, and spreadsheets (or programming) make this an ideal capstone course at the advanced undergraduate or masters/MBA level. The book has a heavily scientific/quantitative focus, but the material should be accessible to a motivated practitioner or talented individual investor with (for the most part) only high school level mathematics or intermediate level university mathematics. Although aimed at the advanced undergraduate or masters/MBA level, the careful explanations of a wide range of advanced capital markets topics makes this an excellent book for a U.S. PhD student in need of an easily accessible foundation course in capital markets theory and practice. There are literature reviews of multiple advanced areas, and more than 30 unanswered research questions are identified; these research questions would be ideal for a master's thesis or a chapter of a PhD. The applied nature of the book also makes it ideal for capital markets practitioners. For example, in one exercise, the reader is taken by the hand and walked through construction of a worked spreadsheet example of an active alpha optimization using actual stock market data. (The reader gets to build ex-ante alphas, and feed them into an optimization that weighs returns, risk, and transaction costs. A portfolio is rebalanced based on the optimization, and ultimately a backtest is conducted to measure ex post alpha.) Other practitioner material includes advanced time value of money exercises, a review of retirement topics, extensive discussions of dividends, P/E ratios, transaction costs, the CAPM, value versus growth versus glamour versus income, and a review of more than 100 years of stock market performance and more than 200 years of interest rates. The book contains 72 "Quant Quizzes," containing over 100 individual questions. Each is designed to reinforce key ideas. There are also more than 10 "You Need to Know" boxes, each of which focuses on a very important point that is often taught poorly or overlooked completely in university courses. Special attention is paid to more difficult topics like construction of Student-t statistics, the Roll critique, smart beta, factor-based investing, the Fama-French critique, and Grinold-Kahn versus Black-Litterman models (note that a hybrid Grinold-Kahn/Black-Litterman model is introduced). A key diagram shows how the following models are related to each other: Martingale, Random Walk, ABM, GBM, APT, CAPM, Markowitz, Tobin, Zero-Beta CAPM, Black-Scholes, Bachelier, etc. Another key diagram identifies participants in securities lending transactions that stand behind any short sale of stock. Also, the Roll Critique and the Black Zero-Beta CAPM are both generalized to reference portfolios that are not necessarily fully invested. The list of references has over 1,000 items from the academic and practitioner literature and the extensive index has over 9,500 entries. Finally, note that a separate book with more than 600 classroom-tested questions exists to accompany this book.

The Conceptual Foundations of Investing

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Author :
Publisher : John Wiley & Sons
ISBN 13 : 1119516293
Total Pages : 256 pages
Book Rating : 4.1/5 (195 download)

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Book Synopsis The Conceptual Foundations of Investing by : Bradford Cornell

Download or read book The Conceptual Foundations of Investing written by Bradford Cornell and published by John Wiley & Sons. This book was released on 2018-10-02 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: The need-to-know essentials of investing This book explains the conceptual foundations of investing to improve investor performance. There are a host of investment mistakes that can be avoided by such an understanding. One example involves the trade-off between risk and return. The trade-off seems to imply that if you bear more risk you will have higher long-run average returns. That conclusion is false. It is possible to bear a great deal of risk and get no benefit in terms of higher average return. Understanding the conceptual foundations of finance makes it clear why this is so and, thereby, helps an investor avoid bearing uncompensated risks. Another choice every investor has to make is between active versus passive investing. Making that choice wisely requires understanding the conceptual foundations of investing. • Instructs investors willing to take the time to learn all of the concepts in layman’s terms • Teaches concepts without overwhelming readers with math • Helps you strengthen your portfolio • Shows you the fundamental concepts of active investing The Conceptual Foundations of Investing is ultimately for investors looking to understand the science behind successful investing.

Joint Volumes of Papers Presented to the Legislative Council and Legislative Assembly

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Author :
Publisher :
ISBN 13 :
Total Pages : 1052 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Joint Volumes of Papers Presented to the Legislative Council and Legislative Assembly by : New South Wales. Parliament

Download or read book Joint Volumes of Papers Presented to the Legislative Council and Legislative Assembly written by New South Wales. Parliament and published by . This book was released on 1917 with total page 1052 pages. Available in PDF, EPUB and Kindle. Book excerpt: Includes various departmental reports and reports of commissions. Cf. Gregory. Serial publications of foreign governments, 1815-1931.

Social Value Investing

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Author :
Publisher : Columbia University Press
ISBN 13 : 0231544456
Total Pages : 592 pages
Book Rating : 4.2/5 (315 download)

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Book Synopsis Social Value Investing by : Howard W. Buffett

Download or read book Social Value Investing written by Howard W. Buffett and published by Columbia University Press. This book was released on 2018-05-29 with total page 592 pages. Available in PDF, EPUB and Kindle. Book excerpt: Social Value Investing presents a new way to approach some of society’s most difficult and intractable challenges. Although many of our world’s problems may seem too great and too complex to solve — inequality, climate change, affordable housing, corruption, healthcare, food insecurity — solutions to these challenges do exist, and will be found through new partnerships bringing together leaders from the public, private, and philanthropic sectors. In their new book, Howard W. Buffett and William B. Eimicke present a five-point management framework for developing and measuring the success of such partnerships. Inspired by value investing — one of history’s most successful investment paradigms — this framework provides tools to maximize collaborative efficiency and positive social impact, so that major public programs can deliver innovative, inclusive, and long-lasting solutions. It also offers practical insights for any private sector CEO, public sector administrator, or nonprofit manager hoping to build successful cross-sector collaborations. Social Value Investing tells the compelling stories of cross-sector partnerships from around the world — Central Park and the High Line in New York City, community-led economic development in Afghanistan, and improved public services in cities across Brazil. Drawing on lessons and observations from a broad selections of collaborations, this book combines real life stories with detailed analysis, resulting in a blueprint for effective, sustainable partnerships that serve the public interest. Readers also gain access to original, academic case material and professionally produced video documentaries for every major partnerships profiled — bringing to life the people and stories in a way that few other business or management books have done.

Investment Luminaries and Their Insights: 25 Years of the Research Foundation Vertin Award

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Author :
Publisher : CFA Institute Research Foundation
ISBN 13 : 1952927250
Total Pages : 188 pages
Book Rating : 4.9/5 (529 download)

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Book Synopsis Investment Luminaries and Their Insights: 25 Years of the Research Foundation Vertin Award by : Bud Haslett

Download or read book Investment Luminaries and Their Insights: 25 Years of the Research Foundation Vertin Award written by Bud Haslett and published by CFA Institute Research Foundation. This book was released on 2021-12-09 with total page 188 pages. Available in PDF, EPUB and Kindle. Book excerpt: CFA Institute Research Foundation is honored and delighted to present these insights from 25 years of Vertin Award recipients. These legends of the investment industry range in stature from Nobel Prize winners to billionaire hedge fund managers, from distinguished professors of finance who have shaped thousands of young minds to editors of prestigious academic journals and authors of some of the most popular investment books ever published. Although their backgrounds vary widely, they hold one thing in common: They all made substantial lifetime contributions to the field of investments. In this publication, these investment luminaries share: Their proudest accomplishments The most influential investment publications they have written and read The critical investment lessons they have learned Their expectations for the future Any professional regrets they may have had In a longer summary section, the Vertin Award winners discuss in more detail what has been most important to their professional and personal success and may be important to you and your career. The publication contains forewords from CFA Institute CEO Marg Franklin, CFA, Managing Director of Research, Advocacy, and Standards Paul Andrews, and Research Foundation Chair Joanne Hill. There are also testimonials about the importance of these investment legends from various charterholders, CFA candidates, and members of the Research Foundation. An introduction by the editor and Executive Director of the Research Foundation, Bud Haslett, CFA, describes how this publication evolved and why it is essential. Suggestions on how you can best learn from the Vertin Award winners’ insights are provided as a convenient index section so you can easily compare the various recipients’ responses to specific questions.

National Science Foundation Legislation, 1975

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Publisher :
ISBN 13 :
Total Pages : 1384 pages
Book Rating : 4.0/5 ( download)

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Book Synopsis National Science Foundation Legislation, 1975 by : United States. Congress. Senate. Committee on Labor and Public Welfare. Special Subcommittee on the National Science Foundation

Download or read book National Science Foundation Legislation, 1975 written by United States. Congress. Senate. Committee on Labor and Public Welfare. Special Subcommittee on the National Science Foundation and published by . This book was released on 1975 with total page 1384 pages. Available in PDF, EPUB and Kindle. Book excerpt:

New Developments in Biotechnology: U.S. investment in biotechnology: summary

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Publisher :
ISBN 13 :
Total Pages : 312 pages
Book Rating : 4.3/5 ( download)

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Book Synopsis New Developments in Biotechnology: U.S. investment in biotechnology: summary by :

Download or read book New Developments in Biotechnology: U.S. investment in biotechnology: summary written by and published by . This book was released on 1987 with total page 312 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Transforming the Workforce for Children Birth Through Age 8

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Publisher : National Academies Press
ISBN 13 : 0309324882
Total Pages : 587 pages
Book Rating : 4.3/5 (93 download)

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Book Synopsis Transforming the Workforce for Children Birth Through Age 8 by : National Research Council

Download or read book Transforming the Workforce for Children Birth Through Age 8 written by National Research Council and published by National Academies Press. This book was released on 2015-07-23 with total page 587 pages. Available in PDF, EPUB and Kindle. Book excerpt: Children are already learning at birth, and they develop and learn at a rapid pace in their early years. This provides a critical foundation for lifelong progress, and the adults who provide for the care and the education of young children bear a great responsibility for their health, development, and learning. Despite the fact that they share the same objective - to nurture young children and secure their future success - the various practitioners who contribute to the care and the education of children from birth through age 8 are not acknowledged as a workforce unified by the common knowledge and competencies needed to do their jobs well. Transforming the Workforce for Children Birth Through Age 8 explores the science of child development, particularly looking at implications for the professionals who work with children. This report examines the current capacities and practices of the workforce, the settings in which they work, the policies and infrastructure that set qualifications and provide professional learning, and the government agencies and other funders who support and oversee these systems. This book then makes recommendations to improve the quality of professional practice and the practice environment for care and education professionals. These detailed recommendations create a blueprint for action that builds on a unifying foundation of child development and early learning, shared knowledge and competencies for care and education professionals, and principles for effective professional learning. Young children thrive and learn best when they have secure, positive relationships with adults who are knowledgeable about how to support their development and learning and are responsive to their individual progress. Transforming the Workforce for Children Birth Through Age 8 offers guidance on system changes to improve the quality of professional practice, specific actions to improve professional learning systems and workforce development, and research to continue to build the knowledge base in ways that will directly advance and inform future actions. The recommendations of this book provide an opportunity to improve the quality of the care and the education that children receive, and ultimately improve outcomes for children.

Resources in Education

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ISBN 13 :
Total Pages : 764 pages
Book Rating : 4.U/5 (183 download)

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Book Synopsis Resources in Education by :

Download or read book Resources in Education written by and published by . This book was released on 2001 with total page 764 pages. Available in PDF, EPUB and Kindle. Book excerpt: