Deal Terms - The Finer Points of Venture Capital Deal Structures, Valuations, Term Sheets, Stock Options and Getting VC Deals Done (Inside the Minds)

Deal Terms - The Finer Points of Venture Capital Deal Structures, Valuations, Term Sheets, Stock Options and Getting VC Deals Done (Inside the Minds)
Average customer rating:

A Quick Guide to Venture Capital Thinking

Great Book - But Even Better is Author DVD Called Negotiating Term Sheets & Valuations in VC Deals

Very Disappointed

Solid reference for entrepreneurs

Helpful, practical, and brilliant!

Deal Terms - The Finer Points of Venture Capital Deal Structures, Valuations, Term Sheets, Stock Options and Getting VC Deals Done (Inside the Minds)
Alex Wilmerding
Manufacturer: Aspatore Books
ProductGroup: Book
Binding: Paperback

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Valuation: Measuring and Managing the Value of Companies, Fourth Edition

ASIN: 1587622084

Book Description

Deal Terms is the first ever in-depth look at valuations, preferred stock, stock options and other variables that affect deal structure, written by Alex Wilmerding (a venture capitalist at Boston Capital Ventures and best selling author of Term Sheets & Valuations). Written from a venture capital perspective, however applicable for all types of financings, Deal Terms includes actual term sheets, valuation methodology and analysis, assessment of stock option programs and their impact on valuations and capital structures and other real world documents used by leading venture capitalists and lawyers analyzed from multiple perspectives. A must have book for any executive, entrepreneur, or financial professional, this timeless classic is an unprecedented resource that will help you avoid costly mistakes, understand various structures and terms, and understand wording and language from other deal sheets to help you get deals done.

According to Graham Anderson, General Partner at Euclid SR Partners, "Deal Terms provides critical, in-depth, first-hand perspective on the crucial terms and factors which influence financing decisions." Clifford Schorer, Entrepreneur in Residence, Columbia Business School remarks, "Deal Terms is an indispensable reference for entrepreneurs and finance professionals." And Andrew McKee, General Partner at Webster Capital notes, "Deal Terms is a really important resource."

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Customer Reviews:

A Quick Guide to Venture Capital Thinking.......2006-06-21

This book, one claimed by the publisher to fall into the need-to-read category rather than the nice-to-read, is aimed at giving the businessman the information he needs to know to be able to hold an intelligent conversation with a venture capitalist.

It's a pretty quick and easy read, but the businessman who has gotten his business up to the stage where outside money is needed is probably not a financial type but an engineer, or scientist or perhaps just plain businessman. This book, written from the venture capitalist standpoint, will explain to him such things as how to value a company, verious types of stock, dilution of the ownership, in short, all of the things that will need to be understood when a big time financial deal goes down.

It's not an in depth book, each of these subjects can and has several books describing them 'in depth.' Instead it is a small book that gives you what you need to know quickly.

Great Book - But Even Better is Author DVD Called Negotiating Term Sheets & Valuations in VC Deals.......2006-05-17

This author definitely knows his stuff - but even better is author's new product called Negotiating Term Sheets and Valuations in Venture Capital Deals (ISBN 1597010987). It is a 100 minute DVD that has a lot of different material in it that is critical for doing venture capital deals. It also covers specific negotiation strategies and roles and motivations for each key deal participant - which is not covered in this book or the authors other book (Term Sheets & Valuations).

Very Disappointed.......2006-05-15

After enjoying his first book, Term Sheets and Valuations, I was looking forward to this one. I regret to say that I found it a big waste of time and a bigger waste of money.

It appears as if the marketing of the book by the pblisher sought to take advantage of his first book by raising the price by 500%, giving the impression that this book was better or more comprehensive. However, nothing could be further from the truth.

Solid reference for entrepreneurs.......2005-12-29

'Deal Terms' is a solid reference for entrepreneurs with 'need-to-read' (as opposed to 'nice-to-read') information regarding venture financing deals. I find Wilmerding's interviews with various relevant players (e.g. legal counsellor, venture capitalist, entrepreneur) to be a good differentiator of the book; the quick analysis of actual term sheet is also pragmatic. The 'Valuation' section is relatively generic & is the weaker part of the book.

Helpful, practical, and brilliant!.......2004-05-07

I recently finished your book "Deal Terms" and found it extremely
helpful as we are looking into our first round of financing.

Book Description

Provides accountants in small and medium sized firms the tool to expand services beyond attest and compliance functions.

Shows how to transition to other professional services that clients value.
Provides a pro-forma business plan for mapping a three to five year plan for the transition to a successful practice.
Positions consulting as an extension to traditional services, not just an alternative.
Includes many real world examples of accountants who have made a successful transition to new services, discussing the challenges and the results achieved.
Focuses on quality of life issues and how to get there.

Customer Reviews:

A truly paradigm-shifting work.......2006-05-15

Ron Baker is doing for the professional services firms what Columbus and Pythagoras did for the "Earth is Flat" proponents! "Paradigm-shifting" has become so over-used in our culture, but it is not mere hyperbole when describing this book. The work is quite thorough, implementing excerpts, quotes, and philosophies from dozens of well-respected scholars, economists, and management consultants. The work reminds me a lot of Tom Peters' seminal book, "In Search of Excellence" in the way in which the author sprinkles in so many great examples from other successful organizations and industries. In addition, he has many real-world examples (from firms around the world) of professional services firms that have successfully tranformed their practices. I whole-heartedly recommend this book to any professional who is trying to transform a professional services organization or who is wondering if there might be a more effective and profitable way to run a professional services firm.

The Essential Reference for Law Firm Leadership.......2006-02-08

I first read this book about 2 years ago. I keep it within arm's reach of my desk and refer to it often, still.

I've read one reviewer who stated that this book was the modern almanac of best business practices. I agree completely.

I run my own small law firm. We have implemented many of this book's practices with great success and profitablilty. Primary among them is fixed fee agreements. Yes, we are a law firm that has trashed its time sheets, due in large part to the inspiration and impetus of this book. And, we will never go back.

An earlier reviewer suggested that this book would be more useful for CPA's and not for lawyers. I disagree. Though I'm certain the message of this book is critical for CPA's, I think that any person in law firm leadership must read this book. I think it is particularly suited to small firms and solos who will have the ability to immediately take action in implementing these ideas and making them a reality in their practice.

However, if you are one of my competitors forget everything I said above and do not touch this book. My firm and my family will thank you.

Extremely helpful, well documented........2005-11-14

This is a very well-documented guide for any service firm. It's also very well written, very insightful and very well researched. It's real deep, complete and full of advice and wisdom from several great minds. I run a corporate reputation consulting firm in El Salvador and this is the most advice-rich book I've encountered in the last five years. I also recommend "the trusted advisor" by David Maister and specially "Managing the Profesional Service Firm" also by Maister.

Permission to Believe.......2004-12-14

The Firm of The Future coordinates both the theory and practical application of pricing concepts AND business service models in such a complelling manner that Baker & Dunn give Professional services organizations permission to believe that there is light at the end of the tunnel.

While the Firm of The Future is geared to the legal and accounting professions the message and vision is applicable to Advertising agencies, Consulting Organizations, Marketing service firms and professional service providers of all shapes and sizes.

Cost plus pricing is short sighted and intellectually flawed.The intense pressure on increasing billable hours and driving down costs is destroying the creativity and core capabilities of Professional Service companies.Baker&Dunn explain the flaws of cost plus and hourly schemes and identify a road map which outlines how to move a professional services organization and it's customers to a healthier, happier, more productive and more mutually profitable business process

A great read---Inspirational and practical

Tom Finneran
Executive Vice President
American Association of Advertising Agencies

Must reading for the professional service provider!.......2003-12-04

After reading this book, you'll need to place it alongside your desktop dictionary, Thesaruas and Ron's first book "The Professional's Guide to Value Pricing. This is how strong of an impact their message has made on me.

After reading the first two editions of Ron's book, I didn't think he would be able to improve much on the message of switching to Value Pricing. Boy, was I wrong! He and Paul Dunn have done an amazing job of getting the reader to think differently. As with the radical theme of trashing the timesheet in "The Professional's Guide to Value Pricing", they do a masterful job of convincing you why the old "Revenue Equation" must be replaced with the forward-thinking "Profit Equation". They go on to introduce other new topics not found amongst professional services firms such as developing your Intellectual, Structural and Social Capital, emphasizing effectiveness over efficiency and of course Value Pricing. As is typical of Ron's writing style, and complemented by Paul, their reasoning for making this paradigm shift is well supported and well reasoned.

I've been using practicing Value Pricing for about 5 1/2 years now and I can tell you that it works. In my own firm, I've slowly begun implementing some of their new concepts but with a new perception. I'm convinced these principles will work for me and they can for you as well.

Book Description

Shows lawyers how to manage their practices in a more business-like manner. It explains how to determine both personal and law firm goals.

How to Become A Successful Financial Consultant

Average customer rating:

Getting Started-*
Starting out? READ THIS BOOK!
A good book, except for the writing
A good book, except for the writing
Must read for all investigating a financial planning career.

How to Become A Successful Financial Consultant
Jim H. Ainsworth
Manufacturer: Wiley
ProductGroup: Book
Binding: Hardcover

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ASIN: 0471155616

Book Description

Everything you need to know to succeed in today's fastest growing sector of the consulting market.

Jim Ainsworth is an extremely successful financial planning professional with more than 30 years in the business. In How to Become a Successful Financial Consultant, he tells you everything you need to know to move into financial consulting. He familiarizes you with all the types of planning that financial consultants deal with, as well as the various investment vehicles. And, based on his own experiences and those of other successful financial consultants across the nation, he supplies you with a proven blueprint for success. You get expert advice, guidance, and insiders' tips on how to:

Get the education, experience, and licensing you need to qualify.
Get certified (and whether you need to).
Develop a surefire success plan.
Set up a practice and attract clients.
Network, market, and sell your services.
Set fees and collect other forms of compensation for your services.
Avoid the 10 most common mistakes that beginners make.
Get the most out of meetings and professional conferences.

Written by Jim Ainsworth, a financial planning professional with 30 years in the business, this valuable guide provides professionals interested in making the move into financial consulting with everything they need to know to make a living investing other people's money.

Drawing on his personal experiences and those of colleagues across North America, Ainsworth covers all the bases. He begins by describing the three major groups of financial planners and the seven different styles of asset management and helps you to decide which is right for you. You find out all about the various types of financial planning that most consultants deal withâincluding estate planning, retirement planning, and family financial planningâand the best investment vehicles currently available.

Ainsworth then cuts to the chase and provides the nuts-and-bolts information you need to make it as a financial adviser. Writing in a down-to-earth style, he tells you what type of education and experience you need to become an effective financial consultant, how to become licensed, how to get started in business, how to set fees and receive compensation, how to market your services and promote different financial instruments, and much more. He shows you how to develop a surefire success plan, and he supplies expert advice and guidance on how to avoid the top 10 beginners' mistakes.

Throughout this book, Ainsworth advocates taking a holistic approach to financial planningâone that takes into consideration not just people's differing needs, but their contrasting attitudes about money and investments. To that end, he provides insightful profiles of the different types of "money personalities" in the financial world and shows you how to identify and successfully work with each type.

How to Become a Successful Financial Consultant is your complete guide to making it in today's fastest growing sector of the consulting market.

Customer Reviews:

Getting Started-*.......2001-07-01

*A good book of guidelines for the undecided about becoming a financial consultant, planner?

Starting out? READ THIS BOOK!.......2000-12-06

The author's background is a small town CPA, which may account for his no BS approach. Simple (not simplistic) straightforward solid advice for anyone wishing to start a financial advisory practice.

I'm have a CPA background and obtained my CFP several years ago, but never practiced financial planning, other than a brief foray working with an insurance company, which was an excercise in high pressure selling. Ugh! I wish I had this book back then!

A good book, except for the writing.......1999-12-06

Jim Ainsworth clearly demonstrates his extensive financial consulting experience throughout this book. Much of the information is valuable, and it covers the important beginners' range of knowledge effectively. However, his 'down to earth' style is not only irritating, it actually makes the book painful to read. Good written English is not always the same as good spoken English. Surely the man is a succesful financial consultant, but that doesn't make him a good writer. It just goes to show that in a hot, growing industry like financial consulting a book written by a 'qualified' author will sell even if it is poorly written.

A good book, except for the writing.......1999-12-06

Must read for all investigating a financial planning career........1999-11-03

You're in mid-career and you're investigating a switch to the new industry of financial services. You know a few people in the industry but are looking for some good sources of comprehensive information. This is it.

Jim Ainsworth lays it all out. If you want to know what to expect, this is it. Get the book, you won't regret it.

Average customer rating:

The Champion Real Estate Agent

The whole package...

Dirk gets it right with humor and candor

outstanding information

Job well done

The Champion Real Estate Agent
Dirk Zeller
Manufacturer: McGraw-Hill
ProductGroup: Book
Binding: Paperback

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Similar Items:

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Make Millions Selling Real Estate: Earning Secrets Of Top Agents

ASIN: 0071484337

Book Description

A proven plan for peak sales performance-and a better life!

In The Champion Real Estate Agent, renowned sales trainer Dirk Zeller shows you how to dramatically boost sales and achieve all your professional goals. But there's much more to being a champion agent than just selling. Zeller's proven program not only turns you into a top sales performer, it gives you all the tools to build your real estate business and create a secure and prosperous future for yourself.

Full of inside tips, expert advice, and real-world examples from Zeller's many years as a champion agent and trainer, this comprehensive career guide presents a complete system for managing your business and time-so you can earn more money and enjoy more of life.

Don't just get into the real estate game; become an all-star when you learn how to:

Supercharge your sales and commissions

Use Zeller's unique referral strategy to turn effort into income

Develop trust and credibility with customers

Design a custom business plan that fits your life and goals

Generate multiple streams of income

“This ultra-complete book shows realty agents what it takes to be successful, as measured by high earnings and business satisfaction. On my scale of one to 10, this excellent book rates a solid 10.”--Robert J. Bruss, nationally syndicated real estate columnist

Customer Reviews:

The Champion Real Estate Agent.......2007-07-30

I have been listing and selling real estate for 24 years and have read many books on real estate sales and this truly is one of the best. I've read it twice in the last month and highly recommend that every real estate salesperson read it.

The whole package..........2007-07-20

Dirk has put together a great resource for ALL Real Estate agents. From the beginner to the seasoned vet, this book can help to focus your activities in the areas most important to you in your career and life.

Dirk gets it right with humor and candor.......2007-07-20

Dirk has a laid back attitude that is icy to the point and right on with a no nonsense practical guide to being successful in the real estate business.

Dirk's books are always enlightening, follow the steps and you will be jetisoning your way to the top of the RE industry!

outstanding information.......2007-07-20

I personally found this book to be an outstanding review of what's required to be a top performing agent. I pass this book to all of my new recruits to help them get started.

Job well done.......2007-07-19

OK - I read lots of books on this subject and of this type - but this one covers about 90% of what you'll need to know and it does so in a very straight forward, no nonsense, and very complete way. It does not read like a text book and yet it IS the text book for this subject. I would recommend it to anyone who wants to excell in Real Estate

Average customer rating:

Pro's Lessons On How To Trade Options
How I Trade Options
Don't join his online service
Intermediate to Advanced Book
Friends,family only giving 5 stars.

How I Trade Options (Wiley Trading)
Jon Najarian
Manufacturer: Wiley
ProductGroup: Book
Binding: Hardcover

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ASIN: 0471312789

Book Description

Wiley Online Trading For A Living

Beat Risk and Reap Rewards Like A Pro!

The Compelling True Story of How a Top Market Maker Built a Successful Trading Business

Praise for How I Trade Options

"To much of the outside world, trading appears to be as incomprehensible as rocket science. What Jon Najarian has done in this engaging and very readable book is to 'demystify' the world of options for both the aspiring trader and the retail investor. How I Trade Options is a rare opportunity to look over the shoulder of this experienced options trader, teacher, and lecturer." -Lewis J. Borsellino, CEO/Founder, www.TeachTrade.Com; Author, The Day Trader: From the Pit to the PC

"How I Trade Options gives retail investors who have little or no prior knowledge the insight into how options work and how to use them effectively and responsibly. For those who want to learn about options, this is a rare opportunity to learn from a master trader. Najarian shows commitment to educating investors on the use of options to enhance their portfolios." -Rance Masheck, President, Quantum Vision Inc.

"Not only is Jon Najarian a Supertrader, he is a Superteacher. I owe much of my good fortune to Jon Najarian. I learned more from him than I had learned in an entire decade-plus it was fun! Jon's abilities to make his profitable trading strategies understandable are sure to make How I Trade Options a must-have tool that every option trader will want to own." -Don Fishback, Developer of the Fishback Option Pricing Model

"Jon Najarian is a world-class options trader and a world class options educator. His crystal clear explanations of such strategies as vertical spreads empower the average investor to participate in attractive options approaches that, until now, have been dominated by professional traders." -Bernie Schaeffer, Chairman and Chief Executive Officer Schaeffer's Investment Research, Inc.

Please visit our Web site at www.wileyfinance.com

Download Description

When Jon Najarian embarked on a career in the world of market making, he went from playing with the Bears to running with the bulls. In this chronicle of his evolution, the former starting middle linebacker for the Chicago Bears focuses on his key ingredient for market success--learning to control risk. From speedy victory to coping with some huge losses, to building his own business, Najarian reveals how he successfully trades the market with options traders, showing investors how to trade like a pro by honing their discipline, handling volatility successfully, and grasping puts, calls, and spreads.

Customer Reviews:

Pro's Lessons On How To Trade Options.......2007-05-15

Dr. J. (Author) is a seasoned pro that wrote this book without hype and extremely rare examples of huge profits that very very few people normally make. Rather, he discusses both risk and reward. He seasons his book with a good amount of humor and insights into the life of a big-time trader that has survived decades at the top levels of the options business. If you don't read this book and do trade options - you're just foolish! I know a bit about it. I've held a Series 7 stock broker's license. And I learned a lot from this well written book!

How I Trade Options.......2007-05-07

Excellent book for anyone who wants to trade options or needs more info to help them get better if they are a trader. I would recommend this book to anyone who is in the stock market.

Don't join his online service .......2006-12-16

His site has a 10 minute video (greatly done) that talks about his new system called "Heat Seeker". It proposes to see when a LOT of activity is on a stock when someone (maybe insiders maybe floor people) buys a LOT of calls or puts. Then you buy them too and ride on their coat tails. It sounds logical.

So I joined because they had an unconditional guarantee. I asked first what was their "performance" for the year. They couldn't tell me, but it's on the site. So after I joined I see the buys and sells and they lost money for 2006.

But I followed some trades as the theory sounded good. Probably lost $1500 before I gave up, only one week. The kicker was TARO. This stock was pharmaceutical and was going to go up. In fact it went up 50% on the first day. If I can gotten the email alert earlier I would have got profits of 50%, but only 20% in one day. Who won't be happy?

But the next day lost half of my money. Seems as though TARO hadn't given the stock exchange a financial statement for TWO YEARS!

Wouldn't you think a options suggester would know that? I saw it posted the next day.

I did an analyst on the trades for the past 6 months. 2 out of 9 were profitable, but the whole year was a loss.

I don't know but after seeing MOST suggestions go up then down, I'd think maybe SOMEONE :-) suggest a buy, they buys first, the crowd then sends the stock soaring because everyone is buying and then the original person sells out for a profit-everyone else looses.

On 9/11 that's what happened with airline stocks. There was huge buying of puts on airlines a few days before (Jon Najarian mentioned this too in his video)the attack on the trade center.

I'm not saying changewave does this, but I'm through with these services that can't prove what they write about.

This is my experience for others to beware.

David

Intermediate to Advanced Book.......2004-08-19

If you already understand basic options, then this book will add the finishing touches to get to another profitable and consistent level. Ignore the bio and personal commentary and skip to methodology or "how too." There is substance to the work if you can read between the lines.

The main thesis is like poker there are "tells" as to when the stock will move and to what price. The market specialist or maker is unfettered in making a 2 sided market, so must hedge in the underlying stock or options markets. This explains the basis for the tell and has been DRJ's secret. Not a bad indicator as this explains the underlying movements.

Friends,family only giving 5 stars........2004-03-24

Did you hear about when Amazon accidentally uncovered the identities of some of the reviewers and it was discovered that a lot of Authors were giving their own books numerous 5 stars reviews?This book in my opinion is a classical example of that,the book has no structure,no organisation.The author blows his trumpet a lot about his farcical NFL career (who cares).It is truly an awful book on options and I would be willing to give my copy away for free.I would give it 0 stars if Amazon would have given me that option,buyer beware.

Iceberg Risk: An Adventure in Portfolio Theory

Average customer rating:

Trouble Getting Through
Good read, not priced well ;-)
A Fresh & Imaginative Approach to Risk Management
A book for all seasons

Iceberg Risk: An Adventure in Portfolio Theory
Kent Osband
Manufacturer: Texere
ProductGroup: Book
Binding: Hardcover

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ASIN: 1587990687

Book Description

Iceberg Risk exposes this crucial limitation through an engaging mixture of story charts, and math. Statistical concepts are developed intuitively first, and all algebra is cordoned off into neatly organized and digestible nuggets. The results will appeal to students of risk analysis and seasoned practitioners alike; indeed to anyone willing to question orthodox portfolio theory.

Customer Reviews:

Trouble Getting Through.......2006-03-10

I'm having some trouble getting through some of the proofs. I studied Chemical Engineering and Finance. If you can accept things this book is good. If you are the kind of person that needs to prove everything it will take a long time to read.

Good read, not priced well ;-).......2004-07-10

I really enjoyed this book. I don't believe that my review can add much value on top of the other reviews, but maybe I can entice a few of you to buy it.

I have read the book twice now, which I think is required (at minimum) to really absorb everything. I see that Aaron's review got 2 out of 5, and I am a bit perplexed, because his is succinct and accurate. Oh well, you can't win 'um all. One pro is that the book is written in an entertaining way. Half the chapters are a story with a lesson, and the other half is math. Together they read like some popular books that are out now, like Havil's "Gamma", or "Euler" by Dunham: it reads like a book, but with equations everywhere. It is the half way point between a publication and a novel. If you are a masters in finance or an MBA, with no real math background, this might be distracting and halting, but to a quant it should cut like butter.

My only complaint, and this might not be a complaint but, rather, an aversion to suspense, is that there are certain thoughts that aren't completed. As interesting as the read is, I feel like it is almost a cliffhanger; baiting for books to come? I don't think this was deliberate. Some thoughts, while they began with fireworks, just petered out.

Also, it is a bit expensive but, hey, most of us aren't paying for this and, at a minimum, writing it off ;-) (Sorry to any students out there, I owe you a drink)

A Fresh & Imaginative Approach to Risk Management.......2003-05-01

"Ignorance is Blight"... Devlin Advogado's scrawled message across his desk left me with an unsettled feeling, similar to the one I had a long time ago while reading Robert Pirsig's 'Zen and the Art of Motorcycle Maintenance'. Perhaps academic research will someday quote from Kent Osband's 'Iceberg Risk' (New York: Texere, 2002), much as Richard Roll, in his famous 1977 Critique of tests of the CAPM, quoted from Pirsig. Osband endeavors to help us avoid blight in this enlightening and entertaining story as we follow supersharp risk analyst Devlin and his pragmatic manager, Conway Wisdon, on a wild ride through the world of investment banking risk management.

But Iceberg Risk is more than a novel; indeed, it is really two books in one: each chapter covers the intuition of its subtopic first, through the clever device of Devlin and Conway's saga within Megabucks Investment Bank; and then delves more directly into the mathematics. Of the math, the reader is encouraged to explore "about as much or as little as you want", a feature I especially appreciated given my low-calorie mathematical diet. And, just as the novel part is an entertaining read, the quantitative part is a useful summary of the mechanics of portfolio management theory.

Part I of Iceberg Risk covers the statistics of probability, covariance and correlation, Pascal's triangles and Bernoulli variables, IID versus non-IID estimates of tail risk, Tchebyshev's inequality, the Kuhn-Tucker conditions for the solution to a Lagrangean optimization, mixtures of discrete and continuous probability measures, De Finetti's theorem, the problems with VaR and the ubiquitous (in finance) normality assumption, and even computer sex (read the book!). Osband gives us a quick introduction to matrix math (though it is even more sparse than the helpful section in Markowitz' 1959 book) before concluding the first half of the book with conditional multivariate normality.

Part II of Iceberg Risk offers a unique and thoughtful approach to overcoming the deficiencies of standard risk assumptions for portfolio management. In this part of the book Osband covers convex and nonconvex utility, regret aversion, choice theory, the appraisal ratio of Treynor-Black and even delves into the Bayesian approach to statistics. Partition functions are introduced as a method of combining conditional return distributions with multi-regime risk aversion. Without resorting to Monte Carlo simulation techniques, Osband proposes a numerical approach to generating risk estimates, since there is no closed-form equation available to solve the issue. He even shows how to account for options and other nonlinear payoff assets.

Osband's approach to risk management is fresh and appealing. It would be worthwhile reading for risk managers and portfolio managers. One aspect I liked very much about his writing style is that the characters represent very distinct human traits, much like those of another of my favorite authors, Ayn Rand. For example, we are introduced to the concept of regret aversion when Conway meets Regretta:

"He spun around to see a raven-haired woman dressed in black. She was beautiful, but with the saddest eyes Conway had ever seen. `Pardon me for eavesdropping,' she said, `But if Dr. Know-nothing can't help you, maybe I can.' `Go away, Misery Girl,' snapped Devlin. `We don't need you.' `Oh, I think you do,' she said... `Now here's what I think you need to do. First measure every outcome in terms of its gross percentage return... Second, square that return and take the negative inverse. Third, form the probability-weighted average of the various negative inverses. Fourth, pick the portfolio that generates the highest probability-weighted average. Am I being clear?' Devlin and Conway were blown away. `She does math,' mumbled Devlin to himself."

Osband makes the observation that "The mainstream seems less interested in managing risk than the appearance of risk." Readers of Osband's Iceberg Risk might just become a bit less mainstream for the reading.

A book for all seasons.......2002-11-04

Iceberg risk describes in clear terms the financial risk that is missed by standard techniques. It is essential reading for anyone in financial risk management, as well as anyone interested in the quantitative reason for extreme financial events. It is an entertaining novel that gives a realistic picture of how risk management works in real institutions, a rigorous and original work of mathematics and a solid textbook that builds results step-by-step from basic algebra. This triple nature makes the book suitable for everyone from mathphobes to serious quants.

Principles of Food, Beverage, and Labor Cost Controls

Average customer rating:

Principles of Food, Beverage, and Labor Cost Controls
Paul R. Dittmer
Manufacturer: Wiley
ProductGroup: Book
Binding: Hardcover

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Principles of Food, Beverage, and Labor Cost Controls, Student Workbook
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Dining Room & Banquet Management, 3E
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Professional Baking

ASIN: 0471397032

Book Description

New sections incorporate technology in controlling food and beverage costs.
* New, expanded appendix details cost/volume/profit relationships.
* Provides a full supplements package.

How to Have More than Enough: A Step-by-Step Guide to Creating Abundance

Average customer rating:

exceptional book
How to Have More than Enough : A Step-by-Step Guide to Creating Abundance
Especially appropriate for Christian families
ABSOLUTE MUST READ!

How to Have More than Enough: A Step-by-Step Guide to Creating Abundance
Dave Ramsey
Manufacturer: Penguin (Non-Classics)
ProductGroup: Book
Binding: Paperback

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Similar Items:

The Total Money Makeover: A Proven Plan for Financial Fitness
More than Enough: The Ten Keys to Changing Your Financial Destiny
The Financial Peace Planner: A step-by step guide to restoring your family's financial health
The Total Money Makeover Workbook
Financial Peace Revisited

ASIN: 0140281932

Book Description

From the bestselling author of Financial Peace, this companion volume to More Than Enough is a step-by-step guide to building wealth while strengthening your marriage and family.

In Financial Peace, Dave Ramsey showed readers how to get out of debt. Now he uses the same blend of down-home wisdom and straight talk to take readers to the next step: building wealth. But success means more than money--it means having a happy marriage and family. In How to Have More Than Enough, Dave Ramsey guides readers down the path to true success.

Rather than gimmicks or quick fixes, Ramsey's method for achieving financial and familial stability focuses on ten traits essential to creating prosperity, teaching children about money, living debt-free, and achieving marital bliss when it comes to finances. His easy-to-follow workbook illustrates each of these traits and allows readers to frequently assess their progress and honestly evaluate their situation. How to Have More Than Enough offers readers and their spouses the chance to work toward building wealth and strengthening their families.

Customer Reviews:

exceptional book.......2006-11-03

Consumer debt has long been a problem of most americans. The writer is very explicit about those things which cause us to go into consumer debt.
One of the things he addresses is greed, not having the patience to wait
for the money in our hand to purchase items. I am a baby boomer and our generation has been known to want things microwave quick. This book addresses the dangers and pitfallsof that thinking. It will set you free from stinking thinking!

How to Have More than Enough : A Step-by-Step Guide to Creating Abundance .......2006-02-25

********wonderful*******

Especially appropriate for Christian families.......2004-11-10

I very much appreciate Dave Ramsey's putting financial matters in the context of virtuous behavior. This is not just a "get out of debt" book or a "make real money" book. It is a book that reminds its readers how many of us stray from fiscal health, suckered in by the 'race to get ahead and then fall behind' values common to the vast majority of Americans - materialism, status, name brands, immediate gratification, antagonism, impermanence, gluttony, lack of responsibility, even lack of contentment. Ramsey knows all too well that when it comes to fiscal restraint and good money habits, this is not a virtuous society. He recommends solid values to counteract the mainstream of American life - patience, delayed gratification, humility, cooperation, peace, communication, contentment and, of course, paying CASH. I wholly applaud this philosophy.

But, merely as a qualifier, I do want to let the prospective reader know that Mr. Ramsey's work is not secular. Bible passages, a Christian perspective and religious messages (such as suggesting prayer and counsel with clergy) set the tone much of the way, and the book is geared (not entirely but mostly) toward traditional and fairly conventional nuclear families.

As a more daring and thorough departure from those seemingly ubiquitous American go-getter values that lure so many into dire straits (such as 'the more you buy the more you save'), I can heartily recommend the popular classic "Your Money or Your Life."

ABSOLUTE MUST READ!.......2000-10-05

This book is extremely benefial to read. Its easy reading joyfully guides you how to build a good foundation for success, personal wealth, and good family relationships. HIGHLY RECOMMENDED.

Best Resumes for Accountants and Financial Professionals

Average customer rating:

Slightly disappointed
Accountants: Do You Have The Best Resume?

Best Resumes for Accountants and Financial Professionals
Kim Marino
Manufacturer: Wiley
ProductGroup: Book
Binding: Paperback

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Careers in Accounting

ASIN: 0471595438

Book Description

Because in todays competitive job market, you need every edge you can find… The founder of the Just Resumes ^® writing service and author of several popular resume books, Kim Marino now offers practicing and prospective accountants and financial professionals a practical, highly targeted guide to writing winning resumes. Whether youre an executive making a lateral move or returning to the work force, or a college graduate just entering the accounting industry, this surefire handbook provides you with step-by-step guidance and savvy advice on how to create a professionally designed resume that puts your education, experience, and accomplishments in the best possible light and helps you reach your job objective. Best Resumes for Accountants and Financial Professionals first offers quick tips on the basics of resume writing, proper resume appearance, and the dos and donts of resume preparation. Youll learn what type of resume best suits your needs and how to create each—whether chronological, functional, or combination resumes. It then gets down to specifics, with tailor-made advice and 80 detailed sample resumes and cover letters for:

Accountants and financial pros who are making a lateral move or career change—such as financial planners, securities analysts, portfolio managers, brokers, account execs, and human resource directors
Accountants moving up—including public, private, financial, and government accountants
Accounting students and recent graduates—from first-year students with no paid experience, to college graduates looking to set forth in the real world

Complete with the names, addresses, and phone numbers of the corporate headquarters of the Big 6 accounting firms and Fortune 500 companies, and an alphabetical listing of key accountant associations and publications, Best Resumes for Accountants and Financial Professionals demonstrates how you can make a lasting first impression, and then reinforce it through the job selection process.

Customer Reviews:

Slightly disappointed.......2001-10-20

This book was useful and somewhat helpful in providing additional information on reformatting my resume. However I probably would have chosen another book had I been able to compare. This book is 199 pages of which well less than half is actually narrated tips on creating a resume. The remainder of the book consists of resume and cover letter examples. In actuality this book should be considered a book of examples rather then instructional. In, addition, the examples are repetitive and often provide the same information over and over. Really in the approximately 75 pages of examples there are only about a dozen unique items to learn from. There are also pages dedicated to listing institutional references which seem to serve almost as a page filler.
The book does do a good job of diversifying its audience to a wide level of financial professionals however; in general, it seems somehow inadequate.

Accountants: Do You Have The Best Resume?.......2000-03-26

When looking through books of resumes, I often find that I have a hard time adapting them to myself. This is usually because the resumes don't apply to accounting/finance. For that reason alone I would recommend this book. There are resume examples for the entry-level employee as well as the veteran. There are even some examples of resumes for people interested in changing careers (for example, going from private accounting to a hospital administrator).

Also helpful, are tips on interviewing and the cover and thank you letters. The book also lists names and phone numbers of various corporations and professional associations.

All in all, I would recommend this book for anyone looking for a job in accounting/finance-no matter what your experience level.

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