Зарубежная деловая литература - скачать книги или читать онлайн. Страница 34

In this long-awaited handbook, noted experts Charles Stone and Anne Zissu provide an enlightening overview of how securitization works and explain how future cash flows from various asset classes—from credit card receipts to mortgage payments—can be packaged into bond-like products and sold to investors. Once a marginal source of funds, securitization is now an essential corporate funding technique widely adopted by financial and industrial companies throughout the world to finance both working capital and capital budgets. It is also used as a risk-management tool and a source of liquidity. Securitization has been adapted to fund corporate acquisitions, to capitalize future streams of revenue, and to liquidate pools of nonperforming loans. With examples from companies such as GE Capital, Ford Motor Credit, Countrywide Home Loans, and D&K Healthcare, The Securitization Markets Handbook provides descriptions of all major classes of asset-backed securities and offers a practice-oriented commentary on trends in securitization and the value of asset- and mortgage-backed securities across industries and throughout the global markets. The authors approach the topic from both sides of the market: the supply side, where assets are securitized and mortgage- and asset-backed securities are issued, and the demand side, where investors choose which classes of mortgage and asset-backed securities will enhance their portfolios or serve as efficient hedges. The book’s detailed explanations and practical examples make it a valuable guide both for experienced money managers trying to put a securitization strategy into place and for those new to securitization looking to acquire a broad and strong foundation in the subject.

A framework for creating volatility-based technical analysis and trading it for profit Volatility-Based Technical Analysis bridges the advantage gap between resource rich institutions and individual traders. It is a no-calculus, plain-English text that reveals original, highly technical, mathematical-based volatility indicators, complete with MetaStock® and TradeStation® code. With this in hand, any trader can «trade the invisible» by seeing a hidden mathematical structure on the price chart. Author Kirk Northington reveals his proprietary volatility indicators that serve as a market early warning system. Northington extensively teaches you how to build your own indicators, test them, and incorporate your original components into your specific trading methods. Walks traders through the mathematical techniques needed to create indicators that fit their own style Illustrates volatility-based entries and exits with over 170 descriptive chart examples Introduces two new concepts in technical analysis: Volatility Shift and PIV Written with the serious trader in mind, Volatility-Based Technical Analysis has what you need to successfully trade today's institutionally dominated markets.

The Micro Cap Investor Learn how today's smartest investors are discovering opportunities–and reaping profits–ahead of the Wall Street pros Micro cap stocks are all but ignored by professional investors who can't risk losing their companies' clients–and their own careers–to the sudden volatility and price swings that are common to the micro cap market. But it is just that volatility, plus their proven record for outperforming large cap stocks over the long term, that makes micro caps perfect for independent investors looking for market-beating returns. The Micro Cap Investor takes a behind-the-scenes look at this exciting sector to: * Detail a market-tested process for uncovering and investing in micro caps with the greatest potential to outperform the market * Reveal the ten key catalysts that take under-the-radar micro caps and propel them into the public spotlight * Explain how smaller investors can use the «information advantage» to actually gain a sizable edge over institutional investors Let The Micro Cap Investor show you how to uncover today's most promising companies, and use the power of micro cap investing to dramatically improve your long-term investment performance.

Selection of the Executive Program Book Club For any manager or executive who's had it with quick-fix approaches to organizational transformation, here's a proven approach that lasts. In this paperback edition of the best-selling original work, management expert Ed Lawler presents six principles–and plenty of practical guidance–for overhauling an enterprise from bottom to top and bringing it into alignment with the realities of today's marketplace. Don't fall for yet another silver-bullet solution. This is the definitive approach to making the kind of substantive changes that will bolster your company's competitive stance, now and for years to come.

Let the Center for Creative Leadership show you how you can dramatically improve your leadership abilities in today's business environment. Based on years of specialized research, The Leader's Edge outlines six distinct creative leadership skills that, while not traditionally associated with management development, have, nevertheless, proven to be essential to modern business leadership. Here, the book's authors deliver compelling lessons in paying attention, personalizing, imaging, serious play, collaborative inquiry, and crafting – all competencies that modern leaders should master. They also outline activities for real-world implementation, provide case examples, and suggest ways to avoid common mistakes. A wealth of self-reflections and tools helps ensure your rapid progress.

An engaging exploration of modern-day deals and deal-making Gods at War details the recent deals and events that have forever changed the world of billion-dollar deal-making. This book is a whirlwind tour of the players determining the destiny of corporate America, including the government, private equity, strategic buyers, hedge funds, and sovereign wealth funds. It not only examines many of the game-changing takeover events that have occurred in the past years, but also puts them into context and exposes what is really going on behind the scenes on Wall Street. Gods at War completely covers the strategic issues that guide the modern-day deal, and since they unfold under the shadow of the law, it also focuses on the legal aspects of deal-making and takeovers. Each chapter unfolds through the lens of a recent transaction, from the battle between Yahoo! and Microsoft to the United Rental/Cerberus dispute Provides in-depth explanations and analysis of the events and actors that have shaped this fast-moving field Examines the federal government's regulation by deal approach to saving the financial system and explains the government's biggest «deals», including its bail-outs of AIG, Bank of America, and Citigroup Filled with in-depth insights that will enhance your understanding of this field, Gods at War offers an engaging look at deals and deal-makers in the context of recent historical events. It's a book for those who want to understand deals, takeovers, and the people and institutions who shape our world.

Why is the gap so great between our hopes, our intentions, even our decisions-and what we are actually able to bring about? Even when we are able to make important changes-in our own lives or the groups we lead at work-why are the changes are so frequently short-lived and we are soon back to business as usual? What can we do to transform this troubling reality? In this intensely practical book, Harvard psychologists Robert Kegan and Lisa Laskow Lahey take us on a carefully guided journey designed to help us answer these very questions. And not just generally, or in the abstract. They help each of us arrive at our own particular answers that can solve the puzzling gap between what we intend and what we are able to accomplish. How the Way We Talk Can Change the Way We Work provides you with the tools to create a powerful new build-it-yourself mental technology.

This collection of inspiring essays focuses on the practice of servant-leadership in organizational and business settings. Focus on Leadership addresses how servant-leadership is now increasingly recognized as being on the forefront of emerging leadership thinking. This book features a Foreword by Ken Blanchard as well as writing from: Hamilton Beazley * Julie Beggs * Warren Bennis * Ken Blanchard * John C. Bogle * Rubye Howard Braye * John Burkhardt * John Carver * Stephen R. Covey * Max DePree * K. Brian Dorval * Kent A. Farnsworth * Tamyra L. Freeman * Robert K. Greenleaf * Dee Hock * Scott G. Isaksen * Joseph Jaworski * Michael Jones * Ann McGee-Cooper * Russ S. Moxley * Nancy Larner Ruschman * John P. Schuster * James D. Showkeir * Ruth Mercedes Smith * Larry C. Spears * Duane Trammell * David S. Young * Scott W. Webster * Margaret Wheatley * Judy Wicks * Lea E. Williams * Danah Zohar

The purpose of this book is to explain Free Cash Flow and how to use it to increase investor return. The author explains the differences between Free Cash Flow and GAAP earnings and lays out the disadvantages of GAAP EPS as well as the advantages of Free Cash Flow. After taking the reader step-by-step through the author's Free Cash Flow statement, the book illustrates with formulas how each of the four deployments of Free Cash Flow can enhance or diminish shareholder return. The book applies the conceptual building blocks of Free Cash Flow and investor return to an actual company: McDonald's. The reader is taken line-by-line through the author's investor return spreadsheet model: (1) three years of McDonald's historical financial statements are modeled; (2) a one-year projection of McDonald's Free Cash Flow and investor return is modeled. Five other restaurant companies are compared to McDonald's and each other using both Free Cash Flow and GAAP metrics.

Praise for THE SMALL-CAP INVESTOR «The great rewards of investing in the best small-cap companies are matched only by the risks of investing in the worst. Ian Wyatt is one of the few who not only shows you how to find the hidden gems, but also how to avoid the flea-ridden dogs. His new book is a must-read for all small-cap investors, especially in today's turbulent times.» —Martin D. Weiss, author of the New York Times bestseller The Ultimate Depression Survival Guide «Small-cap stocks are now the best source of wealth-building because there is now little to zero research on them—use Ian's stock discovery methods and find the ten-bagger innovative companies underneath Wall Street's radar.» —Tobin Smith, founder of ChangeWave Research and costar of the Fox News show Bulls & Bears «I love small-cap stocks. Why invest for 10% returns when you can find ten-baggers? But no one said it was easy. There are a kazillion names and every one of them sounds like a winner. Ian Wyatt, in his very informative book, The Small-Cap Investor, shows you how to find them, analyze them, and ride them for all they're worth.» —Andy Kessler, New York Times columnist and bestselling author of Running Money and Wall Street Meat «Ian has written the essential guide for anybody who wants to understand how to make big money in the stock market. His eight-step program shows how to identify and invest in the small companies that will become tomorrow's mega-winners.» —Michael Moe, cofounder and CEO of NeXt Asset Management and author of Finding the Next Starbucks «The one area of the entire financial markets where the individual investor can actually have an edge on the institutional investor is small-cap stocks. Ian Wyatt's book, The Small-Cap Investor, is your field manual for big profits. His strategies could help you find the big winners of tomorrow, perhaps even the next Cisco, Dell, Microsoft, or Wal-Mart.» —Dr. Stephen Leeb, editor of The Complete Investor and author of The Coming Economic Collapse: How You Can Thrive When Oil Costs $200 a Barrel

A proven system for rallying all of an organizations' employees around a new vision and ideas for making the vision stick When something at work isn't going smoothly, managers struggle with what part of the problem to tackle first. Do they start with cost reduction? Or should they go for process improvements first? The authors—who have helped hundreds of companies and individuals change and improve—say spend time and money adjusting the systems in which people operate, rather than targeting people and their performance directly. The authors show that it's in fact possible to change everything at once—with a focus on making such transformations permanent and repeatable. Brand-new Introduction written for the paperback edition Filled with illustrative examples from Northrup Grumman, BHP-Billiton, Reebok, Harvard Business School, and many others Two experts in the field show how to make major transformations happen The book outlines a process for engaging all employees to buy-in to an improved vision of an organization's new and improved future.

Praise for The Leverage Space Trading Model «As Warren Buffett said, 'It's only when the tide goes out that you learn who's been swimming naked.' We now know that most have been. It's too bad that Ralph Vince did not finish his book in 2005 or 2006, it would have helped save institutional investors and our nation trillions of dollars; few people understand the rewards of leverage and its inherent risks like Ralph. As we found out, most hedge funds and banks use leverage without knowing how to quantify its risks or rewards. This book is a must-read for anyone using or being responsible for risk. Leverage is one of our greatest empowerments.» —Salomon Konig, member of the board of directors, Hedge Fund Association, Partner and Chief Investment Officer, Artemis Capital Partners, LLC «Ralph Vince is almost alone in his study of trade sizing, but that doesn't mean he isn't right. Traders should read this book.» —Euan Sinclair, option trader and author of Volatility Trading «As we've seen recently, the gross misuse of leverage has been a hard lesson for institutions. But position sizing is critical to the success of all traders, big and small, and Ralph Vince brings fresh thinking to an area that badly needs it. He challenges the status quo and makes you think about what you're doing. He attacks the major flaws of MPT. There is no doubt that you'll benefit from Ralph's ideas.» —Perry Kaufman, author of New Trading Systems and Methods, Fourth Edition and A Short Course in Technical Trading «If Ralph Vince writes it, I read it…every word, every thought this guy has produced has led me to additional market profits. Money management is clearly the way to the kingdom of wealth in the investment world and Ralph gives you the keys in this book.» —Larry Williams, trader, fund manager, and author of Trade Stocks & Commodities with the Insiders: Secrets of the COT Report and Long-Term Secrets to Short-Term Trading