Book Description
- Among the thought leaders contributing to the book are:
- Ross Levin, nationally known adviser and author of The Wealth Management Index, on monitoring success in helping clients reach their goals
- William Reichenstein, professor of finance, insurance, and real estate at Baylor University, on asset allocation
- Don Phillips, managing director of Morningstar, Inc., on constructing a portfolio of mutual funds
- Roger Ibbotson, founder and chairman of Ibbotson Associates and finance professor at Yale School of Management, on controlling risk in a retirement portfolio--and many more.
- Audience: Professionals who advise retail and institutional investors
- The biggest names, the biggest ideas in investment management, together in one book
- The media constantly call upon co-editors Evensky and Katz
Average customer rating:
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Asset Management in Theory and Practice: An Introduction to Modern Portfolio Theory
Duncan Hughes
Manufacturer: Global Professional Publishing
ProductGroup: Book
Binding: Paperback
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ASIN: 0852976208 |
Book Description
· Comprehensive but succinct introduction
· Theory is closely related to practice with real examples
This succinct guide introduces the reader to the asset management industry and gives an insight in to the real-life environment in which fund managers work. The theories of diversification, managing of risks, immunising portfolios against interest rate changes are here related to the practices of real asset management firms and the many constraints under which they work. It represents a comprehensive introduction to the real workings of equity, bond and other asset management to investment strategy.
Book Description
The software business is challenging enough without having to contend with recurring errors. One way repeating errors can be avoided is through effective software measurement. In this volume, Ebert and his co-authors offer practical guidance built upon insight and experience. They detail knowledge and experiences about software measurement in an easily understood, hands-on presentation and explain such current standards as: ISO 15939 (the general measurement standard), ISO 19761 (the COSMIC Full Function Points standard), and CMMI (the Capability Maturity Model). Coverage also includes several case studies, from Global 100 companies such as Alcatel, Deutsche Telekom, and Siemens.
This combination of methodologies and applications makes the book ideally suited for professionals in the software industry. Besides the many practical hints and checklists readers will also appreciate the large reference list, which includes links to metrics communities where project experiences are shared. Further information, continuously updated, can also be found on the web site related to this book:
http://metrics.cs.uni-magdeburg.de
Book Description
FROM PATENT TO PROFIT
Patents and patent strategies are increasingly pertinent to the success of information age businesses, from affecting valuations to gaining tax advantages to increasing the starting price per share when taking a company public. Patent Strategy illustrates the impact patents can have on technology-driven businesses' tactical and strategic efforts. Here is step-by-step guidance to the patent process, the laws, and basic strategies-from a business-goal perspective-so that middle and upper-level managers can recognize the significance of patents in relation to a particular business and can incorporate proper patent management efforts into their business framework. In addition, this book serves as an invaluable reference for management and executives when making patent-related decisions such as whether a patent infringement study must be performed; whether the budget for patent matters should be increased or decreased; whether attempts should be made to license certain patent technology; and whether the firm should sue for patent infringement.
- Case studies throughout the book give you a specific business context within which to consider the concepts introduced
- Statistics are presented to assist you in assessing various issues, planning patent strategies, and implementing patent management programs
Download Description
FROM PATENT TO PROFIT
Patents and patent strategies are increasingly pertinent to the success of information age businesses, from affecting valuations to gaining tax advantages to increasing the starting price per share when taking a company public. Patent Strategy illustrates the impact patents can have on technology-driven businesses' tactical and strategic efforts. Here is step-by-step guidance to the patent process, the laws, and basic strategies-from a business-goal perspective-so that middle and upper-level managers can recognize the significance of patents in relation to a particular business and can incorporate proper patent management efforts into their business framework. In addition, this book serves as an invaluable reference for management and executives when making patent-related decisions such as whether a patent infringement study must be performed; whether the budget for patent matters should be increased or decreased; whether attempts should be made to license certain patent technology; and whether the firm should sue for patent infringement.
* Case studies throughout the book give you a specific business context within which to consider the concepts introduced
* Statistics are presented to assist you in assessing various issues, planning patent strategies, and implementing patent management programs
Average customer rating:
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Portfolio and Investment Selection: Theory and Practice
Haim Levy , and
Marshall Sarnat
Manufacturer: Prentice Hall
ProductGroup: Book
Binding: Hardcover
Public Finance
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Investing
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| Bonds
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| General
| Introduction
| Mutual Funds
| Options
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| Stocks
ASIN: 0136875580 |
Average customer rating:
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Currency Management: Concepts and Practices
Roger G. Clarke , and
Mark P. Kritzman
Manufacturer: The Research Foundation of AIMR (CFA Institute)
ProductGroup: Book
Binding: Paperback
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ASIN: 0943205336 |
Book Description
RIC EDELMAN has helped more people achieve financial success than any other practicing financial advisor. In 2007, Wealth Manager magazine listed his firm as the largest in terms of number of clients. Barron's four times named him among America's top 100 financial advisors in the country, and in 2004, Ric was inducted into the Financial Advisor Hall of Fame. His books have a million copies in print, including several foreign languages, and have topped the New York Times bestseller list. His national radio show, PBS television specials, syndicated newspaper column, and award-winning Web sites make him a house-hold name.
Consumers love Ric's unconventional yet common-sense approach to investing and personal finance. He revealed how everyday Americans achieve financial security in the #1 New York Times bestseller Ordinary People, Extraordinary Wealth. His first bestselling book, the personal financial classic The Truth About Money, was named Book of the Year. Now, Ric reveals the deceptive and manipulative business practices occurring in your retail mutual funds -- practices that are causing you to suffer higher fees, greater risks, and lower returns than you realize. In The Lies About Money, Ric's provocative new work, he offers you a detailed yet easy-to-follow plan that lets you take back control of your investments -- and your financial future.
Ric's unparalleled ability to explain complex financial concepts in a fun and entertaining way resonates with readers. In this book -- his first in more than five years -- he shares his most valuable lessons gained through two decades of working directly with individuals and families. He reveals the lies that have infiltrated your retail mutual funds and retirement accounts, and teaches you how to invest your money in your employer retirement plan, how to save for college, and for those who are retired, how to generate more income without sacrificing security. He shows you that proper money management has nothing to do with "hot tips" and everything to do with scientific analysis, bolstered by solid academic research and historical data. Ric explains exactly how the mutual fund scandal has caused him to change the way he manages his own money and the money entrusted to his firm by thousands of clients nationwide. Along the way, Ric shows you the secrets to investment success -- a long-term focus, the importance of diversification, and the crucial need for (and methods of) portfolio rebalancing.
And the book doesn't stop there -- it will actually help you build an investment portfolio, one designed specifically around your needs. The book features a 24-page color insert containing 43 portfolio models, each based on the Edelman Managed Asset Program, one of the largest and fastest-growing money management programs in the country. Ric's fun, interactive Guide to Portfolio Selection® will lead you on a fascinating journey through the book's pages, taking you to the portfolio that's right for you!
With insight and strategies that will change people's lives, The Lies About Money offers the truth that everyone is looking for.
Customer Reviews:
Edelman's Story.......2007-10-05
Edelman's story is about the money he has made; not about the money you are likely to make if you buy his books. He is a terrific salesman for whatever product he is peddling at the moment. He has no real standing in money matters apart from his own considerable success. Look up his educational background if you can find it.
Ditto to what the last guy said........2007-10-03
Ric Edelman's first book ranted against index funds because (1) there are "plenty of funds that have outperformed the indexes" and (2) "index funds are tax traps waiting to happen".
As for point (1), past performance is no guarantee of future results. And when you compare results on a risk-adjusted, after-tax basis, it is very difficult to beat index funds consistently.
As for point (2), Edelman refers to built-up capital gains within index funds (and other funds with relatively low turnover). While this is a matter for some legitimate concern, the massive redemptions from index funds that Edelman predicted some years ago just haven't happened. And if you purchase index funds in a tax-advantaged account, you don't need to worry about large and unexpected capital gains tax bills in any case.
I commented on these pages way back when that Edelman's main objection to index funds was most likely that Vanguard wouldn't pay him a commission to direct his customers toward their index funds. After all, that would defeat the purpose of low-cost index investing. Now he wants us all to be indexers, or at least closet indexers.
When I want the flavor of the month, I will go to Baskin-Robbins. For steadfast, consistent investment advice, read Bogle, Jane Bryant Quinn, or just about anyone else but Ric Edelman.
Be very careful when reading this book!.......2007-10-03
I was really looking forward to this book, as I have read Edelman's previous books and enjoyed them. This book is not a comprehensive how-to guide concerning personal finance, but rather, it is a book written to justify a sea change in Edelman's investment philosophy. The main theme of the book is simple: Mutual fund companies are ripping you off with hidden fees, high expenses and shady dealings. To anyone with a pulse, this should not come as a surprise. John Bogle pointed this fact out 15 years ago, and he has been shouting it from the mountain tops without pausing to take a breath ever since. Anyway, Edelman has apparently FINALLY, after all these years, realized what was going on right in front of his face the entire time. I don't know about you, but a smart guy should have understood this situation within five minutes of opening a financial practice! It does make one question his credibility. I hope this doesn't sound like I'm talking down to him, because I think he really is a very intelligent man who wants to help his clients. I just think he's too caught up in his own version of the world.
The way I see it, Edelman has been attacking index funds viciously for decades. He has used perjoratives such as "I hate index funds" from the beginning of his career. Now, he is an indexer in disguise. He refuses to outright endorse the indexing concept, but even a glance at this book will prove he believes in buying almost all the stocks in a given sector and holding them long term without virtually making any changes to the mix. Now, where I'm from, THAT IS INDEXING. I don't care how you dress it up, the guy has recognized the folly of active management. What's more, investigate DFA, the fund company he now endorses. DFA's own marketing materials preach the virtues of their investment approach - indexing!! (Note: They do create their own indexes. But they are remarkably similar to the popular indexes used by Vanguard, et. al.) Also, DFA mandates a fee paid to a planner for almost all DFA investors coupled with higher expense ratios than Vanguard funds. Their stated improvements on the commercial indexes are nullified by these extra costs. Remember, costs come from your bottom line no matter what any financial services firm may tell you!
And what are ETFs, something Edelman is now very enthusiastic about? They are indexed investments sold as securities on the exchanges! I believe Edelman is secretly a passionate indexer, however, he can't bring himself to say, "Folks, I messed up big time. You really can't beat the indexes. As a matter of fact it is mathematically impossible to do so."
One last thing that irritates me about this book. Edelman writes that fees are immaterial if the results are rewarding. How can he say this? When indexing, everything else is equal except for the costs! The more fees you pay, the poorer your indexed investments perform. The reality is Edelman is still a fee-based planner. He MUST MUST MUST justify these fees. They have made him a multimillionaire, and he can't live without them. This small part of his book makes me wonder about his objectivity.
The bottom line is this: save your money and buy John Bogle's lastest book, "The Little Book of Common Sense Investing". Bogle has been consistent and right on target since publishing his very first book. Plus, Bogle will prove to you that Edelman's advice is flawed. Bogle's writing is elegantly simple, and his solutions are fundamentally sound. When comparing the two books, Edelman looks like the Bogle wannabe who still hasn't mastered his guru's teachings. All in good time, Mr. Edelman, all in good time.
Book Description
Industry experts share their insight and tell you why:
Unified managed accounts represent the future of the managed
money industry.
"No other platform offers so many options and can be customized to meet the needs of so many different types of investors," says one of the nation's most prominent money managers. "We are able to address a wide variety of investment needs with a single product." (Chapter Mutual fund wrap accounts are enjoying a resurgence in popularity.
"With mutual fund advisory accounts, advisors can develop a consolidated strategy for their clients utilizing mutual funds," explains one top executive at a leading investment bank. "Investors know that proper asset allocation produces better results." (Chapter 3)
Exchange-traded funds have exploded in popularity with
clients and advisors.
"ETFs have changed the landscape by offering financial advisors a new way to diversify their clients' portfolios," says the national sales manager of one of the world's largest ETF providers. "Advisors can fully diversify across all asset classes." (Chapter 4)
Client demand is fueling the growth of alternative investments.
"Larger clients are asking for these types of investments," says one director of investment consulting solutions at one of America's largest banks. "Diversification to minimize risk is the key incentive for adding alternative investments to a portfolio." (Chapter 4)
They'll also teach you how to:
-
Determine if managed account solutions are right for you, your practice, and your clients
-
Transform your financial advisory practice into a wealth management business
-
Differentiate yourself from other advisors
-
Develop a recurring revenue stream that will enable you to grow your business
-
Attract new clients and capture additional assets from existing clients
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Conduct successful client meetings and host seminars that get results
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Position yourself as a provider of managed account solutions and partner effectively with other advisors, allied professionals, and the media
Average customer rating:
- A high quality treatment of financial services theory
- Understanding CAPM
|
Portfolio Indexing: Theory and Practice (Frontiers in Finance Series)
Harold Hutchinson
Manufacturer: Wiley
ProductGroup: Book
Binding: Hardcover
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ASIN: 0471988685 |
Book Description
The dominant paradigm in modern-day fund management remains the Capital Asset Pricing Model (CAPM). Originally developed in the 1960s as an explanatory and predictive model of capital market behaviour, it has subsequently acquired enormous significance in many fund-management institutions.
"Harold Hutchinson's Portfolio Indexing is a long-overdue theoretical and practical perspective on the 'managers versus trackers' debate. He concludes that the indexing solution to risk management is flawed and that individual judgment will always have a proper role to play in investment. This much-needed book will hopefully help to stop the current steam-rolling move of the fund management industry towards indexing in its tracks, and encourage a more balanced view of the benefits of the active manager, especially in volatile or falling markets." Phillip Keane, Director, Industrial Bank of Japan Asset Management International Ltd
"Portfolio Indexing challenges the growing consensus in favour of portfolio indexing as the optimal investment strategy. His devastating criticisms of the theoretical foundations underlying indexing, and his plea for a more modest inductive approach to portfolio management, have huge and as yet untapped implications for the asset management industry." Dr Andrew Allan, Vice President, Salomon Smith Barney
Professionals, students and amateur investors alike will profit from this enjoyable tract on how to maintain and navigate vehicles of investment.
Customer Reviews:
A high quality treatment of financial services theory.......1999-12-27
Sombody has, at last, written a clear and concise treatment on the use of the CAPM and accociated financial tools. But what really sets this book apart from the crowd is its overall readability. Hutchinson uses a clarity of language to express ideas that goes well beyond the usual linguistic treatment affoarded by most academics without entering the waters of poor grammer and management jargon of the consultancy brigade. Should you wish to work in the securities or financial services industry this book is a must buy.
Understanding CAPM.......1999-12-18
This is a great little book. I'm still struggling with the lastChapter, but Chapter 3 is the most readable account I've come across of the problems with the Capital Asset Pricing Model. For anybody that wants a clear account of CAPM, this is the book.
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