应该直接投资黄金吗？谁在驱动材料板块？中国在材料板块如何影响世界？澳大利亚的大雨为什么让全球煤价暴涨？2008年初中国南方的一场暴雪与全球铝价上涨有何必然联系？如果爱因斯坦投身华尔街，会不会成为优秀的投资组合经理人？ 《材料投资》将带你用全球视角来分析这些问题。把投资当做一门科学来思考！ 全球性材料板块是相当复杂的，涉及多个子行业和国家，它们往往都独具特色。借助《材料投资》介绍的框架，你将学会如何鉴别差异，抓住机遇，避免重大失误。 《材料投资》内容通俗易懂，适合专业投资人及在投资机构、大型企业、私募基金、创投公司、基金公司等从事相关业务的人士阅读，也是那些想对经济板块、经济区和全球股票市场的其他组成部分有所了解的读者的初级读物。

Use a master’s lost secret to pick growth companies bound forsuccess In 1948, legendary Columbia University professor BenjaminGraham bought a major stake in the Government Employees InsuranceCorporation. In a time when no one trusted the stock market, hechampioned value investing and helped introduce the world tointrinsic value. He had a powerful valuation formula. Now, in thisgroundbreaking book, long-term investing expert Fred Martin showsyou how to use value-investing principles to analyze and pickwinning growth-stock companies—just like Graham did when heacquired GEICO. Benjamin Graham and the Power of Growth Stocks isan advanced, hands-on guide for investors and executives who wantto find the best growth stocks, develop a solid portfolio strategy,and execute trades for maximum profitability and limited risk.Through conversational explanations, real-world case studies, andpragmatic formulas, it shows you step-by-step how this enlightenedtrading philosophy is successful. The secret lies in Graham’sv

In The Little Book That Builds Wealth, author Pat Dorsey—theDirector of Equity Research for leading independent investmentresearch provider Morningstar, Inc.—reveals why competitiveadvantages, or economic moats, are such strong indicators of greatlong–term investments and examines four of their most commonsources: intangible assets, cost advantages, customer–switchingcosts, and network economics. Along the way, he skillfully outlinesthis proven approach and reveals how you can effectively apply itto your own investment endeavors.

Michael Edleson first introduced his concept of value averaging to the world in an article written in 1988. He then wrote a book entitled Value Averaging in 1993, which has been nearly impossible to find—until now. With the reintroduction of Value Averaging, you now have access to a strategy that can help you accumulate wealth, increase your investment returns, and achieve your financial goals. 作者简介： Michael E. Edleson is a Managing Director of Morgan Stanley and oversees the firm's equity risk globally. Prior to that, he was Chief Economist of NASDAQ and a finance professor at Harvard Business School. Edleson earned his PhD at MIT.

In light of recent developments in global legislation, the role of analysts has become more complex and challenging. Many analysts seek to understand the underlying principles behind current laws and regulations around the world that have been prompted by Sarbanes-Oxley. Writing Securities Research: A Best Practice Guide helps analysts to understand the regulatory and best practice issues that they constantly face. However, the advice contained is not just intended to help analysts stay out of jail and avoid penalties, it also suggests ways to write better research reports and be competitive. This practical guide examines the issues that regulators and the press find important, including the definition and supervision of research, sourcing of information, insider trading, front-running and selective distribution, libel, copyright and plagiarism, conflicts of interest, and use of e-mail. These are explained through the use of actual case studies taken from around the world. The book also shows how

The first authoritative history of hedge funds-from their rebel beginnings to their role in defining the future of finance. Based on author Sebastian Mallaby's unprecedented access to the industry, including three hundred hours of interviews, More Money Than God tells the inside story of hedge funds, from their origins in the 1960s and 1970s to their role in the financial crisis of 2007- 2009. Wealthy, powerful, and potentially dangerous, hedge fund moguls have become the It Boys of twenty-first century capitalism. Ken Griffin of Citadel started out trading convertible bonds from his dorm room at Harvard. Julian Robertson staffed his hedge fund with college athletes half his age, then he flew them to various retreats in the Rockies and raced them up the mountains. Paul Tudor Jones posed for a magazine photograph next to a killer shark and happily declared that a 1929- style crash would be "total rock-and-roll" for him. Michael Steinhardt was capable of reducing underlings to sobs. "All I want to

Written by an experienced trader and consultant, Frans de Weert’s Exotic Options Trading offers a risk-focused approach to the pricing of exotic options. By giving readers the necessary tools to understand exotic options, this book serves as a manual to equip the reader with the skills to price and risk manage the most common and the most complex exotic options. De Weert begins by explaining the risks associated with trading an exotic option before dissecting these risks through a detailed analysis of the actual economics and Greeks rather than solely stating the mathematical formulae. The book limits the use of mathematics to explain exotic options from an economic and risk perspective by means of real life examples leading to a practical interpretation of the mathematical pricing formulae. The book covers conventional options, digital options, barrier options, cliquets, quanto options, outperformance options and variance swaps, and explains difficult concepts in simple terms, with a practical ap

A comprehensive guide to the world of mergers and acquisitions Why do so many M&A transactions fail? And what drives the success of those deals that are consummated? Robert Bruner explains that M&A can be understood as a response by managers to forces of turbulence in their environment. Despite the material failure rates of mergers and acquisitions, those pulling the trigger on key strategic decisions can make them work if they spend great care and rigor in the development of their M&A deals. By addressing the key factors of M&A success and failure, Applied Mergers and Acquisitions can help readers do this. Written by one of the foremost thinkers and educators in the field, this invaluable resource teaches readers the art and science of M&A valuation, deal negotiation, and bargaining, and provides a framework for considering tradeoffs in an effort to optimize the value of any M&A deal. Applied Mergers and Acquisitions is part of a complete suite of resources on M&A that includes a workbook and a C

The third book in the top-selling Magic Numbers series clarifies the key concepts and formulas of finance. Magic Numbers for Bonds and Derivatives takes difficult financial concepts and breaks them down into easily understandable formulas that can be readily applied by finance professionals and individual investors. It examines key ratios and concepts for assessing bond investments from conventional to index-linked bonds, along with commonly used derivatives including futures, options, warrants, and convertibles. Ratios and concepts are described in detail, with guidelines on where to find the data needed to actually calculate them. The author includes explanations of compounding and discounting, internal rates of return, accrued interest, yield curves and spreads, duration, convexity, default rates, and more.