Recommending Books for Purchase (Bulletin 132 - Feb 2021) - J. Ross Publication: Finance

Print Book Price : $59.95

Foundations of Investment Management: Mastering Financial Markets, Asset Classes, and Investment Strategies shows how to navigate today's world of complex financial instruments, investment opportunities, and devastating pitfalls. This reader-friendly guide details stocks, bonds, and alternative investments, who invests in these asset classes, how, and why. It uses real-world examples in addition to citing the latest academic research. Additionally, seven industry experts have co-authored select chapters to greatly expand the depth and utility of this book for the reader. This unique guide is perfect for financial analysts, portfolio managers, client-facing representatives, product specialists, and anybody early in their finance career who wishes to understand how clients, products, and investors relate and interact. Foundations of Investment Management provides a complete overview of the investment management industry; defines key terms and participants; identifies investment vehicles, strategies, and asset classes; and analyzes each strategy focusing on its relative utility and potential inclusion in a well-diversified portfolio. Despite the subject mater's complexity, each topic is distilled in a way that is highly relatable and intuitive, ensuring the reader knows how to better manage their investments or interact with clients. Lastly, every chapter closes with a summary and investment implications to maximize the information presented. Key Features * Defines various fund structures, discusses the growth of the mutual fund industry, explains the benefits and disadvantages of comingled vehicles and details other investment options including fund of funds, annuities, and separately managed accounts * Presents detailed descriptions of different institutional investors; elaborates on their investment considerations, objectives, and reaction functions; and concludes with implications for an institutions' propensity to respond similarly to market developments * Supplies tools and techniques to construct and optimize a fixed income portfolio * Reviews the history of the Bank of England and U.S. Federal Reserve and describes central bank objectives, tools, and reaction functions * Illustrates the difference between investing and speculating by introducing different valuation methods and approaches to developing an investment thesis * Examines the growth of high frequency trading and identifies rebalancing strategies * Identifies different stock investment approaches as well as introduces several equity valuation methods * Describes mean variance optimization and conviction-based portfolio construction approaches * Reviews bond basics including bond income, interest rate sensitivity, and sources of risk such as credit and liquidity * Examines the history of real assets, defines each real asset, details the drivers of their return, and explains how an investor may gain exposure to each asset through the utilization of financial instruments or investment vehicles * Presents the theory behind and history of factors and factor investing from both an academic and practitioner perspective. * Presents the development of our understanding of behavioral biases, explains how these biases impact investment decisions, and provides tips and techniques to avoid their pitfalls

Print Book Price : $32.95

Small business owners, entrepreneurs, and many managers and engineers involved in the development, production, sales, marketing, or distribution of products all need a basic understanding of economics. Yet most struggle with economic concepts and are ill equipped to make good economic decisions at work or to manage their own economic lives effectively. Even many highly experienced and financially trained professionals struggle with economic concepts and how to apply them.This problem stems from the fact that the vast majority of books and courses available on economics are too heavily entrenched in complex unproven academic theory, political ideologies, and myths rather than proven historical facts. These other books also have little to no practical real-world application.Simplified Real-World Economics, by financial guru and best-selling author Michael Thomsett, dispels the myths and explains microeconomics and macroeconomics in an easy-to-understand manner. It's supported by dozens of real-world examples from history and the author's own first-hand experience, giving it the authenticity that too many books lack. This book is designed with the practical application of economic concepts in mind to help managers, engineers involved in product development, small business owners, and entrepreneurs make better professional decisions. In addition, it will also help readers more effectively manage their own economic lives.Key Features* Discusses economic principles and concepts without declining into the complexity or unproven academic theory found in most other books on the topic* Describes the science of economics in non-technical terms transforming a complex technical topic into a discipline that readers, and not just those seeking a degree in economics, can understand and actually use* Illustrates major economic principles as applied in the real world* Explains economics from a practical and business point of view* Provides a practical context to real-life management situations involving textbook economics* Uses recent situations in the news to demonstrate why and how business professionals need and use economics every day