Investing Books - Page 11

Financial Shock: A 360º Look at the Subprime Mortgage Implosion, and How to Avoid the Next Financial Crisis

Mark Zandi

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Customer Reviews:
Total reviews: 82 Average rating: 4.5 of 5

Editorial Review:

"In Financial Shock, Mr. Zandi provides a concise and lucid account of the economic, political and regulatory forces behind this binge." --The Wall Street Journal "Aggressive builders, greedy lenders, optimistic home buyers: Zandi succinctly dissects the mortgage mess from start to (one hopes) finish." --U.S. News and World Report "If you wonder how it could be possible for a subprime mortgage loan to bring the global financial system and the U.S. economy to its knees, you should read this book. No one is better qualified to provide this insight and advice than Mark Zandi." -- Larry Kudlow, Host, CNBC's Kudlow & Company "Every once in a while a book comes along that's so important, it commands recognition. This is one of them. Zandi provides a rilliant blow-by-blow account of how greed, stupidity, and recklessness brought the first major economic crises of the 21st entury and the most serious since the Great Depression." --Bernard Baumohl,Managing Director, The Economic Outlook Group and best-selling author, The Secrets of Economic Indicators "Throughout the financial crisis Mark Zandi has played two important roles.He has insightfully analyzed its causes and thoughtfully recommended steps to alleviate it. This book continues those tasks and adds a third--providing a comprehensive and comprehensible explanation of the issues that is accessible to the general public and extremely useful to those who specialize in the area." --Barney Frank, Chairman, House Financial Services Committee The subprime crisis created a gigantic financial catastrophe. What happened? How did it happen? How can we prevent similar crises from happening again? Mark Zandi answers all these critical questions--systematically, carefully, and in plain English. Zandi begins with a fast-paced overview and then illuminates the deepest causes, from the psychology of homeownership to Alan Greenspan's missteps. You'll see the home "flippers" at work and the real estate agents who cheered them on. You'll learn how Internet technology and access to global capital transformed the mortgage industry, helping irresponsible lenders drive out good ones.Zandi demystifies the complex financial engineering that enabled lenders to hide deepening risks, shows how global investors eagerly bought in, and explains how flummoxed regulators failed to prevent disaster, despite crucial warning signs. Most important, Zandi offers indispensable advice for investors who must recognize emerging bubbles, policymakers who must improve oversight, and citizens who must survive whatever comes next. *Liar's loans, flippers, predatory lenders, delusional homebuilders How the housing market came unhinged, and the whirlwind came together*Alan Greenspan's trillion-dollar bet Betting on the boom, ignoring the bubble*The subprime market goes global Worldwide investors get a piece of the action--and reap the results*Wall Street's alchemists: conjuring up Frankenstein New financial instruments and their hidden contents*Back to the future: risk management for the 21st century Respecting the "animal spirits" that drive even the most sophisticated markets

Trade Your Way to Financial Freedom

Van K. Tharp

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Customer Reviews:
Total reviews: 163 Average rating: 4.0 of 5

Not a recipies book 5 out of 5 stars.
0 of 0 people found this review helpful.

If you are looking for trading recipies, this is NOT the book for you. This books describes the trading process in an open approach, whithout selling speaches, trading formulas or magical enchaments. It describes the importance of risk management of your trades, and the pshycology and biases that are part of every system. Though general, the offered information serves both from what someone would call academic understanding, and the practical side of trading. The book is not academic though, as you will not see tons of equations, proofs, or algorithms.
I think it is a must for everone that does not want to jump into trading someone elses formulas, but to understand the mechanics and the psycology of trading. It contains references to other books that will help you understand the trade reciepies.
So if you want to understand what you are doing, or at least what you are supposed to do and the biases associated to your decisions, buy the book. If you want to trade like a maniatic daredevil who is told what to do by following nonsense schemes, you dont need this book.
No wonder why some readers were dissapointed. My impression, its the readers fault not to aim to higher goals while buying and reading a trading book.

Editorial Review:

The bestselling holy grail of trading information-now brought completely up to date to give traders an edge in the marketplace

“Sound trading advice and lots of ideas you can use to develop your own trading methodology.”-Jack Schwager, author of Market Wizards and The New Market Wizards

This trading masterpiece has been fully updated to address all the concerns of today's market environment. With substantial new material, this second edition features Tharp's new 17-step trading model. Trade Your Way to Financial Freedom also addresses reward to risk multiples, as well as insightful new interviews with top traders, and features updated examples and charts.

Smartest Guys in the Room: The Amazing Rise and Scandalous Fall of Enron

Bethany McLean, Peter Elkind

List Price: $26.95 By: Portfolio Hardcover Amazon Marketplace: 88 new & used starting at $0.50

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Customer Reviews:
Total reviews: 129 Average rating: 4.5 of 5

Editorial Review:

The definitive volume on Enron's amazing rise and scandalous fall, from an award-winning team of Fortune investigative reporters.

There were dozens of books about Watergate, but only All the President's Men gave readers the full story, with all the drama and nuance and exclusive reporting. And thirty years later, if you're going to read only one book on Watergate, that's still the one. Today, Enron is the biggest business story of our time, and Fortune senior writers Bethany McLean and Peter Elkind are the new Woodward and Bernstein.

Remarkably, it was just two years ago that Enron was thought to epitomize a great New Economy company, with its skyrocketing profits and share price. But that was before Fortune published an article by McLean that asked a seemingly innocent question: How exactly does Enron make money? From that point on, Enron's house of cards began to crumble. Now, McLean and Elkind have investigated much deeper, to offer the definitive book about the Enron scandal and the fascinating people behind it.

Meticulously researched and character driven, Smartest Guys in the Room takes the reader deep into Enron's past-and behind the closed doors of private meetings. Drawing on a wide range of unique sources, the book follows Enron's rise from obscurity to the top of the business world to its disastrous demise. It reveals as never before major characters such as Ken Lay, Jeff Skilling, and Andy Fastow, as well as lesser known players like Cliff Baxter and Rebecca Mark. Smartest Guys in the Room is a story of greed, arrogance, and deceit-a microcosm of all that is wrong with American business today. Above all, it's a fascinating human drama that will prove to be the authoritative account of the Enron scandal.

Options, Futures and Other Derivatives (6th Edition)

John C. Hull

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Customer Reviews:
Total reviews: 71 Average rating: 4.5 of 5

The gold standard (although you may not need to upgrade to the seventh edition) 5 out of 5 stars.
1 of 1 people found this review helpful.

This is the definitive introduction to derivatives. As evidence of its relevance, the following chapters are assigned to Financial Risk Manager (FRM) candidates: Hedging Strategies using Futures (Chapter 3), Determination of Forward and Futures Prices (5), Interest Rate Futures (6), Swaps (7), Properties of Stock Options (9), Trading Strategies Involving Options (10), Binomial Trees (11), Black-Scholes-Merton Model (13), Greeks (15), Volatility Smiles (16), Exotic Options (22).

Given that this is an expensive text, the most frequent question I get is, do I need to buy the latest edition? Perhaps you do not: the updates from fifth to sixth edition, and from sixth to seventh edition, have both been modest "version" upgrades. Here is a rule-of-thumb: the more introductory the topic (i.e., the earlier the chapter), the less likely you want/need the upgrade. The early chapters on futures, hedging, interest rate futures, swaps, and option pricing have barely changed since the fifth edition. Further, from what i can tell, the end-of-chapter questions are largely the same/similar.

In regard to the seventh, in addition to a number of refinements (e.g., some reorganization), the two noticeable differences are: a new chapter on valuation of employee stock option (a particular expertise of Hull's) and more material on certain credit derivatives (CDOs, credit default swap) including a bit more help on Gaussian copula. However, in regard to credit derivatives, in total, Hull gives a quick tour which may be challenging to the new learner. It is maybe not the best place to start for credit derivatives per se.

But, this is the gold standard, a work of art, as far as finance texts go. It may be an introduction but it offers encyclopedic breadth. I've read it several times over, worked most of the problems, taught from it, argued with it, and yet I keep needing to refer to it--Hull is the trusted adviser you call in a crunch, because you know he knows--full mastery is probably still years away.

Editorial Review:

Designed to bridge the gap between theory and practice, this successful book is regarded as "the bible" in trading rooms throughout the world. The books covers both derivatives markets and risk management, including credit risk and credit derivatives; forward, futures, and swaps; insurance, weather, and energy derivatives; and more. For options traders, options analysts, risk managers, swaps traders, financial engineers, and corporate treasurers.

The Bible of Options Strategies: The Definitive Guide for Practical Trading Strategies

Guy Cohen

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Customer Reviews:
Total reviews: 46 Average rating: 4.5 of 5

Good Reference Book 5 out of 5 stars.
1 of 1 people found this review helpful.

This is more a dictionary of options strategies than a regular book. But it organizes and explains each strategy well.

Outside academia, this is the only option book you'll need 5 out of 5 stars.
1 of 1 people found this review helpful.

I have several books on options, but this is the one book that I keep on using. Most option books spend too much time on how to price an option. Unless you are active in thinly traded options, the market will dictate the current market price. This book gets right into why you are interested in options. Each option situation is broken down so anybody with a basic understanding will understand. For each situation, he discusses the Greeks (the new hip way of talking about options), risks, pros and cons, as well as an example. The only subject this book seems to fall short is what to do when your position is not going your way and how to minimize your loss.

I have a coworker that is interested in options and this was the only book I suggested he read.

Editorial Review:

For the first time: the world's 60 best options trading strategies, all in one expert reference! *The practical, easy-to-use trading reference for every options trader. *Why each strategy works, when it's appropriate, and how to use it -- step by step! *By Guy Cohen, creator of the Optionseasy system that's helped thousands of traders achieve breakthrough results!

The Four Pillars of Investing: Lessons for Building a Winning Portfolio

William J. Bernstein

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Subjects -> Business & Investing -> Investing -> Introduction

Customer Reviews:
Total reviews: 85 Average rating: 4.5 of 5

Editorial Review:

Sound, sensible advice from a hero to frustrated investors everywhere

William Bernstein's The Four Pillars of Investing gives investors the tools they need to construct top-returning portfolios­­--without the help of a financial adviser. In a relaxed, nonthreatening style, Dr. Bernstein provides a distinctive blend of market history, investing theory, and behavioral finance, one designed to help every investor become more self-sufficient and make better-informed investment decisions. The 4 Pillars of Investing explains how any investor can build a solid foundation for investing by focusing on four essential lessons, each building upon the other. Containing all of the tools needed to achieve investing success, without the help of a financial advisor, it presents:

• Practical investing advice based on fascinating history lessons from the market
• Exercises to determine risk tolerance as an investor
• An easy-to-understand explanation of risk and reward in the capital markets

High Probability trading

Marcel Link

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Customer Reviews:
Total reviews: 90 Average rating: 4.5 of 5

Good info but... 4 out of 5 stars.
0 of 1 people found this review helpful.

Very good book. Alot of info to digest. I wish the featured charts were larger and in color. The writer is a bit self aggrandizing and writes in a condescending manner. If you can get pass that, you can learn from him.

Don't buy this book...! It is the best. 5 out of 5 stars.
0 of 1 people found this review helpful.

Because since Option Trading is a zero sum game(I believe), I want to sell my profitable premiums to novice and ignorant traders who don't use the author's methodology which is simple but brilliant. I bought around 20 books on trading and I use 80% of his methodology and I have to say,though not spectacular,his methodology gives me consistent profits and minimal losses. Never have I had any regrets lingering in my mind after completing this book and applying it.=) So traders out there,please don't buy this book,so that trading will be less competitive.lol =)

Editorial Review:

A common denominator among most new traders is that, within six months of launching their new pursuit, they are out of money and out of trading. High-Probability Trading softens the impact of this "trader's tuition," detailing a comprehensive program for weathering those perilous first months and becoming a profitable trader.

This no-nonsense book takes a uniquely blunt look at the realities of trading. Filled with real-life examples and intended for use by both short- and long-term traders, it explores each aspect of successful trading.

Conquer the Crash: You Can Survive and Prosper in a Deflationary Depression

Robert R. Prechter Jr.

List Price: $27.95 By: New Classics Library Amazon Marketplace: 12 new & used starting at $25.11

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Customer Reviews:
Total reviews: 111 Average rating: 4.0 of 5

Great debt of gratitude to Robert Prechter 5 out of 5 stars.
3 of 4 people found this review helpful.

I have followed the advice of Robert Prechter for decades and long ago discovered that he is always very early in his predictions but hardly ever wrong. He kept me from losing any money in all these years for which I owe him a great debt. I was able to retire early and feel safe as possible in, currently, short-term Treasuries. Paper profits don't mean a thing unless you can actually gain in real terms. The secret is to not lose any of your capital and to stay far away from the herd mentality.

Pleased With This Book 5 out of 5 stars.
2 of 3 people found this review helpful.

Must admit I'm only a bit more than half way thru the book.
However, I bought it after reading other positive reviews & I'm not
disappointed. The premise is SAFETY with your capital.
The horrendous machinations we're seeing today in the world of finance was predicted by the author 4 years ago. His recomendations for safe havens for your money are excellent.

Gives methods to determine strength of your bank & money markets as well.
Well worth the purchase price. Get into prec. metals before it's too late!

Editorial Review:

This New York Times and Wall Street Journal business best-seller first presents the economic facts that show why a massive deflation is not just inevitable, it's already under way. The second part of Conquer the Crash is practical - virtually each of the 21 chapter titles explains How To, What To and you Should.

Day Trading For Dummies (For Dummies (Business & Personal Finance))

Ann C. Logue

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Customer Reviews:
Total reviews: 5 Average rating: 3.5 of 5

Editorial Review:

Day trading is undoubtedly the most exciting way to make money from home. It's also the riskiest. Before you begin, you need three things: patience, nerves of steel, and a well-thumbed copy of Day Trading For Dummies—the low-risk way to find out whether day trading is for you.

This plain-English guide shows you how day trading works, identifies its all-too-numerous pitfalls, and get you started with an action plan. From classic and renegade strategies to the nitty-gritty of daily trading practices, it gives you the knowledge and confidence you'll need to keep a cool head, manage risk, and make decisions instantly as you buy and sell your positions. Learn how to:

• Set up your accounts and your office
• Connect with research and trading services
• Plan and research trades carefully and thoroughly
• Comply with regulations issues and tax requirements
• Leverage limited capital
• Cope with the stress quick-action trading
• Sell short to profit from price drops
• Evaluate your day-trading performance
• Use technical and fundamental analysis
• Find entry and exit points
• Use short-term trading to establish a long-term portfolio

You'll also find Top-Ten Lists of good reasons to go into day trading, or run from it in terror, as well as lists of the most common (and expensive) mistakes day traders make. Read Day Trading For Dummies and get the tips, guidance, and solid foundation you need to succeed in this thrilling, lucrative and rewarding career.

Japanese Candlestick Charting Techniques, Second Edition

Steve Nison

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Customer Reviews:
Total reviews: 82 Average rating: 4.5 of 5

The Best Book on Candlestick Trading 5 out of 5 stars.
1 of 1 people found this review helpful.

If you want to learn candlestick stock trading this is the only
book you will ever need. It's very good. It has lots of pictures.

Editorial Review:

A form of technical analysis, Japanese candlestick charts are a versatile tool that can be fused with any other technical tool, and will help improve any technician's market analysis. They can be used for speculation and hedging, for futures, equities or anywhere technical analysis is applied. Seasoned technicians will discover how joining Japanese candlesticks with other technical tools can create a powerful synergy of techniques; amateurs will find out how effective candlestick charts are as a stand-alone charting method. In easy-to-understand language, this title delivers to the reader the author's years of study, research and practical experience in this increasingly popular and dynamic approach to market analysis. The comprehensive coverage includes everything from the basics, with hundreds of examples showing how candlestick charting techniques can be used in almost any market.