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Contents: Basic Option Principles and Strategies; Option Pricing; Derivative Assets; Contemporary Issues; Gold and Other Metals; Diamonds; Precious Gems and Rare Coins. Apendixes. Glossary. Answer Key for Selected Problems. References. Subject Index. This includes some special highlights: boxes around keypoints, key-terms lists and profiles of industry personnel. Over 30 charts and diagrams illustrating trading strategies.
Hidden Collective Factors in Speculative Trading by Bertrand M. Roehner Pdf
This book contains a unified mathematical theory of speculation. Besides analysing stock markets, the book considers a wide range of speculative markets such as: real estate, commodities, postage-stamps, and antiquarian books. Various regularities are discussed. For instance, during a speculative episode, the price of expensive items increases more than the price of less expensive items. Such regularities pave the way for a mathematical theory of speculation. Being mainly empirical, the book is easy to read and does not require technical prerequisites in finance, economics or mathematics.
With keen insight and an unexpected good humor, this 1922 volume on the vagaries of the stock market and the psychology of those who play it is still required reading for investors today. From harnessing Hoyne's "speculative force"'-the tendency to transform into advantageous action the result of using one's brain-to overcoming greed and fear, taking advantage of news and gossip, and making the rules and principles work for you, contemporary speculators will find much to enjoy and learn here. American author THOMAS TEMPLE HOYNE (1875-1946) also wrote Intrigue on the Upper Level: A Story of Crime, Love, Adventure and Revolt in 2050 A.D. (1934), the humorous On Pilgrimage (1938) and other books.
In the wake of the 1688 revolution, England's transition to financial capitalism accelerated dramatically. Londoners witnessed the rise of credit-based currencies, securities markets, speculative bubbles, insurance schemes, and lotteries. Many understood these phenomena in terms shaped by their experience with another risky venture at the heart of London life: the public theater. Speculative Enterprise traces the links these observers drew between the operations of Drury Lane and Exchange Alley, including their hypercommercialism, dependence on collective opinion, and accessibility to people of different classes and genders. Mattie Burkert identifies a discursive "theater-finance nexus" at work in plays by Colley Cibber, Richard Steele, and Susanna Centlivre as well as in the vibrant eighteenth-century media landscape. As Burkert demonstrates, the stock market and the entertainment industry were recognized as deeply interconnected institutions that, when considered together, illuminated the nature of the public more broadly and gave rise to new modes of publicity and resistance. In telling this story, Speculative Enterprise combines methods from literary studies, theater and performance history, media theory, and work on print and material culture to provide a fresh understanding of the centrality of theater to public life in eighteenth-century London.
Trying to call every market turn? Tempted to act on impulse rather than fact when investing your money? A major mistake made by most investors and traders today is to try to call every market turn - a tactic that has very little chance of success. Not only is there a tendency to lose perspective in attempting to call every trend reversal, but also we invariably exhaust our objectivity and ultimately lose touch with the markets. The Facts About Speculation is a series of warnings about the dangers of speculation by the unprepared investor. Long considered an investment classic, Thomas Gibson demonstrates superior skill in analyzing, examining and offering the most important influences on stock prices. Concentrating on human errors in speculation, he maintains that excesses of emotion are principally responsible for a majority of speculative investment decisions. THOMAS GIBSON was a prolific writer on investment and speculation, having authored several books to his credit. His skill lay in analyzing, examining, and giving his readers, in an accessible form, all the principal factors in connection with speculation and stock prices.
Author : José A. Scheinkman Publisher : Columbia University Press Page : 137 pages File Size : 52,8 Mb Release : 2014-07-08 Category : Business & Economics ISBN : 9780231537636
Speculation, Trading, and Bubbles by José A. Scheinkman Pdf
As long as there have been financial markets, there have been bubbles—those moments in which asset prices inflate far beyond their intrinsic value, often with ruinous results. Yet economists are slow to agree on the underlying forces behind these events. In this book José A. Scheinkman offers new insight into the mystery of bubbles. Noting some general characteristics of bubbles—such as the rise in trading volume and the coincidence between increases in supply and bubble implosions—Scheinkman offers a model, based on differences in beliefs among investors, that explains these observations. Other top economists also offer their own thoughts on the issue: Sanford J. Grossman and Patrick Bolton expand on Scheinkman's discussion by looking at factors that contribute to bubbles—such as excessive leverage, overconfidence, mania, and panic in speculative markets—and Kenneth J. Arrow and Joseph E. Stiglitz contextualize Scheinkman's findings.
In this unprecedented account of the dynamics of Nigeria's pharmaceutical markets, Kristin Peterson connects multinational drug company policies, oil concerns, Nigerian political and economic transitions, the circulation of pharmaceuticals in the Global South, Wall Street machinations, and the needs and aspirations of individual Nigerians. Studying the pharmaceutical market in Lagos, Nigeria, she places local market social norms and credit and pricing practices in the broader context of regional, transnational, and global financial capital. Peterson explains how a significant and formerly profitable African pharmaceutical market collapsed in the face of U.S. monetary policies and neoliberal economic reforms, and she illuminates the relation between that collapse and the American turn to speculative capital during the 1980s. In the process, she reveals the mutual constitution of financial speculation in the drug industry and the structural adjustment plans that the IMF imposed on African nations. Her book is a sobering ethnographic analysis of the effects of speculation and "development" as they reverberate across markets and continents, and play out in everyday interpersonal transactions of the Lagos pharmaceutical market.
Philip L. Carret (1896-1998) was a famed investor and founder of The Pioneer Fund (Fidelity Mutual Trust), one of the first Mutual Funds in the United States. A former Barron’s reporter and WWI aviator, Carret launched the Mutual Trust in 1928 after managing money for his friends and family. The initial effort evolved into Pioneer Investments. He ran the fund for 55 years, during which an investment of $10,000 became $8 million. Warren Buffett said of him that he had “the best long term investment record of anyone I know” He is most famous for the long successful track record he achieved investing in Common Stocks and for being one of Warren Buffett’s role models. This book comprises a series of articles written for Barron’s and published in book form in 1930.—Print Ed.
Economists and the Stock Market by J. Patrick Raines,Charles G. Leathers Pdf
The recent global financial crisis and role of the stock market led to many questioning how the international financial system operates. The authors of this book offer insights into these issues, contrasting speculative explanations with the efficient markets hypothesis.
Author : Dan Krier Publisher : State University of New York Press Page : 330 pages File Size : 47,7 Mb Release : 2012-02-01 Category : Social Science ISBN : 9780791483794
In this timely work, Dan Krier examines the relationship between two phenomena that dominated the economic scene in the late twentieth century: the rising power of financial markets and the restructuring of American industry. He argues that corporate governance was transformed during this period into speculative teams of stock-optioned executives and activist owners. These teams encouraged a vigorous restructuring of American industry through corporate buyouts, takeovers, reengineering, and downsizing. Often portrayed in business discourse as initiatives to enhance the efficiency and long-range profitability of industrial operations, these corporate changes were, instead, primarily what Krier describes as speculative management practices, used to manipulate the trading price of corporate securities, even at the expense of operational efficiency and long-term profitability. Krier also analyzes social intermediaries—institutions that connect industrial firms to security markets and allow them to interact. He focuses on corporate governance structures composed of stock-optioned top managers, big owners, and their representatives on corporate boards; financial accounting rules and practices; and the business media that analyze corporate actions and results.
Speculative Communities by Aris Komporozos-Athanasiou Pdf
"In Speculative Communities, Komporozos-Athanasiou examines the ways that financial speculation has moved beyond markets to shape fundamental aspects of our social and political lives. As ordinary people make exceptional decisions--such as the American election of a populist demagogue or the British vote to leave the European Union--they are moving from time-honored and -tested practices of governance, toward the speculative promise of a different kind of future. Even our methods of building community have shifted to the speculative realm as social media platforms enable and amplify alternative visions of the present and future-these are the "speculative communities" that now shape our personal and political realities. For Komporozos-Athanasiou, "to speculate" means increasingly "to connect," to endorse uncertainty preemptively, and often daringly, as a means of social survival. Finance has thus become the model for society writ large. These financial systems have taken a notable turn in our current era, however. Contemporary capitalism sees the risk-taking, entrepreneurial person being refashioned as a politically disoriented, speculative subject, who embraces the future's radical uncertainty rather than averting it. As Komporozos-Athanasiou shows, virtual marketplaces, new social media, and dating apps function as finance's speculative infrastructures, leading to a new type of imagination across economy and society"--
Author : David F. DeRosa Publisher : CFA Institute Research Foundation Page : 206 pages File Size : 48,6 Mb Release : 2021-04-02 Category : Business & Economics ISBN : 9781952927119
Bursting the Bubble: Rationality in a Seemingly Irrational Market by David F. DeRosa Pdf
The presence of speculative bubbles in capital markets (an important area of interest in financial history) is widely accepted across many circles. Talk of them is pervasive in the media and especially in the popular financial press. Bubbles are thought to be found primarily in the stock market, which is our main interest, although bubbles are said to occur in other markets. Bubbles go hand in hand with the notion that markets can be irrational. The academic community has a great interest in bubbles, and it has produced scholarly literature that is voluminous. For some economists, doing bubble research is like joining the vanguard of a Kuhnian paradigm shift in economic thinking. Not so fast. If bubbles did exist, they would pose a serious challenge to neoclassical finance. Bubbles would contradict the ideas that markets are rational or work in an informationally efficient manner. That’s what makes the topic of bubbles interesting. This book reviews and evaluates the academic literature as well as some popular investment books on the possible existence of speculative bubbles in the stock market. The main question is whether there is convincing empirical evidence that bubbles exist. A second question is whether the theoretical concepts that have been advanced for bubbles make them plausible. The reader will discover that I am skeptical that bubbles actually exist. But I do not think I or anyone else will ever be able to conclusively prove that there has never been a bubble. From studying the literature and from reading history, I find that many famous purported bubbles reflect inaccurate history or mistakes in analysis or simply cannot be shown to have existed. In other instances, bubbles might have existed. But in each of those cases, there are credible rational explanations. And good evidence exists for the idea that even if bubbles do exist, they are not of great importance to understanding the stock market.
