Business & Economics

An expert reviews the experts - new and updated appraisals of the winning investment strategies of the greatest financial wizards. Money Masters of Our Time is a reappraisal and revision of those money masters who have stood the test of time plus a look at new money masters. Train emphasises the parts of their various business careers that illuminate their investment techniques focusing on notable individuals whose decisions to buy and sell have actually made money grow. How do they reason? Where do they get their information? How much do they depend on fact and how much on psychology? What are their criteria in selecting a stock? What stocks are they buying now, and why? The ′Money Masters′ covered are: Warren Buffet, Paul Cabot, Philip Carret, Philip Fisher, Benjamin Graham, Mark Lightbrown, Peter Lynch, John Neff, T. Rowe Price, Richard Rainwater, Julian Robertson, Jim Rogers, George Soros, Michael Steinhardt, John Templeton, Ralph Wanger, Robert Wilson. Train centres on their investment techniques and methods and also gives brief biographical evaluations.

Mastering the Market Cycle  is a must-read Howard Marks's  Mastering the Market Cycle  is a must-read, because the cycles covered in this book are important and because Howard is one of the investing greats of his generation. I always say, 'There's no better teacher than history in determining the future.' Howard's book tells us how to learn from history . . . and thus get a better idea of what the future holds. Howard Marks, among the world's most successful investment managers as well as an intellectual leader of the profession [has written a new book].  Mastering the Market Cycle  is... wise ...A careful reading  can make us better investors  and protect us from the all too frequent errors that ruin investment results. ( Wall Street Journal ) While most investment professionals take the standard out - that 'you can't time the market' - in  Mastering the Market Cycle  Howard Marks, a living investment legend, takes the contrarian point of view that not only can you time markets, but it's imperative that you do so. Mastering the Market Cycle  reveals how cycles not only coincide with, but also cause, financial market risk and opportunity. Written in plain English, Howard Marks's hard-earned wisdom will help readers tilt the odds in their favor. If you're uncertain as to whether there will be a correction in the market - or if you think there's no reason to worry because 'it's different this time' - you have to read this book before you make a move.

Executives worldwide have studied and emulated U.S. entrepreneurs from Bill Gates to Michael Dell. Yet, we know next to nothing about the pioneers who are reshaping the world's second largest economy: China. In the face of murky ownership structures, inconsistent access to capital, shifting industrial policy, and other obstacles, an elite few Chinese firms have thrived during the turbulence of the last decade. In Made in China, Donald N. Sull profiles eight of these formidable ventures to reveal the secrets behind their surprising success. Based on extensive research, including in-depth interviews and access to corporate archives, Made in China explores these entrepreneurs' winning strategies, from how they anticipate and maneuver through emerging threats and opportunities ("active waiting") to how they manage risks and how they consistently out-execute rivals. Taken together, these principles represent a comprehensive model for managing in unpredictable environments worldwide. An insider's look at the playbook of some of the world's savviest and most resilient entrepreneurs, Made in China is essential reading for companies operating in China or in any volatile industry or market. Sull is an associate professor of management practice at London Business School. Previously an assistant professor of business administration at Harvard Business School, Sull was also a consultant at McKinsey & Co., Inc. He advises both multinational firms and new ventures in several countries.

The fact that the eurodollar market is relatively free of regulation means such  deposits  can pay higher interest. Their  offshore  location makes them subject to political and economic risk in the country of their domicile; however, most branches where the deposits are housed are in very stable locations

The retail banking sector has undergone immense change over the last decade, such that the industry is barely recognisable. The creation of the European Single Market has of necessity initiated deregulation, whilst the increase in telephone and internet banking has impacted on economies of scale. Financial services organisations are now able to compete in previously uncharted territory, to considerable effect. Taking the reader on a journey of discovery through the economic theory behind the practice and the consequences that follow, the authors have created a fascinating insight into the current state of European retail banking. The authors use their extensive research to display the rationale behind the increasing trend towards consolidation and efficiency. Well argued and well researched, this is a must read for all people with an interest in the European Banking market, from investors to bankers and students alike.

"This book is a standard reference. It is an invaluable contribution towards the further development of current strategies in the fight against global poverty." –Prof. Klaus Schwab, Founder and Executive Chairman, World Economic Forum (WEF) PRAISE FOR SMALL MONEY "Impact investing is a megatrend! Fanconi and Scheurle provide an insightful and very well-researched look into this new Asset Class. A must-read for any private or institutional investor." —Boris Collardi, CEO, Julius Baer Group Ltd. "Small Money Big Impact is a great read and door opener to this meaningful topic." —Deval L. Patrick, MD BainCapital; former Governor of Massachusetts, USA "A thoughtful reflection bringing timely input to the new field of impact investing, with the great benefit of being based on rich experience in microfinance." —Prof. Michael Chu, Harvard Business School "A meaningful and timely contribution for any investor." —Tadashi Maeda, CEO, Japan Bank for International Cooperation (JBIC) "Poverty is man-made and it can be finally overcome by providing adequate skills and professional, efficient finance to individuals." —Monika Beck, Director Compliance, Kreditanstalt für Wiederaufbau (KfW) "Microfinance is like a fabric – weaving its threads across the world. Business leaders need to be smart enough to realise how important impact investing has become." —Omar Qandeel, Member of the Board, BlueOrchard Finance

Reinvent best practices that have become bad habits Without meaning to, and often with the best of intentions, most organizations continually waste precious time and money on processes and activities that don't create value and no longer make sense in today's business environment. Until now, the relatively slow speed of marketplace evolution has allowed wasteful habits to continue without consequence. This reality is ending. Detonate explains how organizations built up bad habits, identifies which ones masquerade as "best practices," and suggests alternatives that can contribute to winning in the marketplace. With a focus on optimism and empowerment, it focuses on an approach and mindset which are critical to successfully compete in an era characterized by profound technological advances and uncertainty. - Core themes challenge how you think about and approach problems - Case studies illustrate the challenges you face and how to overcome them - Recommendations are pragmatic and steer clear of suggesting a brand-new, complicated wiring diagram - Actionable advice provides the first steps down an evolutionary path If you want to compete differently in today's marketplace and to challenge the things your company does which you have a nagging feeling are actually just a waste of time and maybe value-destroying Detonate gives you what you need to ignite change. Every day companies delude themselves about what it really takes to survive. They follow orthodoxy and "best practice" without deeply thinking about why they do. For a long time, market conditions allowed this automatic, non-thinking choice to work without meaningful consequence. But this reality is shifting dramatically and accelerating at a speed that few are ready for. Detonateis the counterintuitive book that challenges organizations to question the very things that create an illusion of stability. It reveals how bad habits form, provides recommendations on how to spot and blow up so called "best practices," and suggests alternatives that will help you win. The authors explore the nature of change and why the future is unlikely to be governed by many lessons from the past, and provide practical advice for how to change: the book outlines four guiding principles and the seven specific "normal operating business procedures" that should be replaced with new practices.

An examination of the role of theory in applied econometrics. Econometrics is a study of good and bad ways to measure economic relations. In this book, Bernt Stigum considers the role that economic theory ought to play in such measurements and proposes a formal science of economics that provides the means to solve the measurement problems faced by econometric researchers. After describing the salient parts of a formal science of economics, Stigum compares its methods with the methods of contemporary applied econometrics. His goal is to develop a basis for meaningful discussion of the best way to incorporate economic theory in empirical analysis. Stigum conceives two scenarios for research in applied econometrics: contemporary econometrics in the tradition of Trygve Haavelmo and the formal theory-data confrontation envisioned by Ragnar Frisch. Stigum presents case studies of economic phenomena, contrasting the empirical analysis prescribed by contemporary applied econometrics with the empirical analysis prescribed by a formal theory-data confrontation. He finds significant and provocative differences. Which are we to believe when the statistical analyses of these two methodologies yield very different descriptions of the behavior characteristics of data variables and inferences about social reality? Stigum points to three aspects of contemporary econometric methodology that may benefit from serious discussions: the analysis of positively valued time series, a suspect characteristic of qualitative response models, and the search for linearly cointegrated time series. These three aspects are of as much concern to formal econometrics as they are to contemporary econometrics.

"In Intangible Assets, Jeffrey Cohen presents an informative, thought–provoking and practical look at an increasingly important component of every business′s worth. He describes the art and science of identifying assets that have clear economic benefit, but are typically not found on the balance sheet, and he provides an invaluable framework within which the reader can value these assets, despite their elusive nature." ––Rick Westervelt, President, Skylist, Inc. "Jeffrey Cohen′s integrative approach to conceptual issues of intangible assets is creative and a refreshing contribution. He brings law, economics, finance, and accounting to the same table, which results in a comprehensive framework for understanding how value is created and sustained. His construct of ′proto–assets′ and ′portfolio of intangible economic benefits′ is key. Written in an easy–to–read style with many practical examples, this book will be useful for both novice and experienced professionals." ––W. Dana Northcut, PhD, Adjunct Associate Professor of Accounting Graduate School of Business, University of Chicago Principal, Chicago Partners, LLC "This volume is the perfect resource for newcomers to IP valuation. Through lucid explanations and well–chosen illustrations, it does for the reader exactly what a valuation expert should do for a client––it makes the abstract concrete. But this volume is not just for the novice; it holds insights that will be useful to IP experts in law, accounting, and economics." ––Edward F. Malone, Partner, Jenner & Block LLP

While most advanced economic geography texts deal recognizes the emerging trend of global economic integration and stresses topics such as international trade and international finance. It contains information on the locational characteristics of finance and investment in general, in addition to material on the location of production, all at the international scale.