Strategic Capitalism July 2, 2012Posted by McGraw-Hill Education (Asia) in Management & Organization.
Tags: bear, billion, BRIC, bull, Bush, Capitalism, commodities, commodity, competition, Congress, consumer, credit crisis, crisis, deflation, downturn, Economic, economic growth, economy, failure, financial instrument, financial system, fiscal, free market, global financial crisis, globalization, government, growth, inflation, Innovation, investment bank, job loss, Keynes, Keynsian, laissez faire, main street, meltdown, Minsky, mortgage, Obama, oil, productivity, real estate, recession, rescue package, Schumpeter, stabilization act, stagflation, stimulus, subprime, TARP, taxes, trillion, troubled assets relief program, unemployment, volatility, wall street
Authors: Richard D’Aveni
©2013 | 1st Edition | 304 pages | Hardback
Pub Date: AUG-12
Price: US$ 30.00
The Capitalist Cold War Has Begun
Capitalism is the dominant idea of our century. While the twentieth century saw a battle between the ideologies of communism and capitalism, the twenty first century sees capitalism in its eye catching, wealth-creating ascendancy. From Wuhan to Washington, capitalism drives how we live and work. At the last count there were 196 countries in the world; only a handful of them now embraces systems other than capitalism.
Through his work as Professor of Strategy at the Tuck School of Business at Dartmouth College, Richard A. D’Aveni has spent more than 30 years researching capitalism in one form or another. As he studied companies and industries around the world, D’Aveni observed that the environment in which they operate varies hugely. Capitalism takes many different forms around the globe. And he noticed something else.
D’Aveni’s big insight is that it isn’t just companies and industries that compete: capitalism itself is in a constant state of flux. American capitalism is not the same as Chinese capitalism, and both are different to that in India or Russia. And these different varieties of capitalism are now in competition with each other. In fact the competition among these different forms of capitalism is increasing in speed and intensity. What took a century to evolve is now happening in a decade. D’Aveni calls this phenomenon the Capitalist Cold War.
Today, he says, we are witnessing a global struggle between four main types of capitalism: laissez-faire capitalism; social market capitalism; philanthropic capitalism; and managed capitalism. This ongoing and escalating contest between capitalist systems is already having a profound impact on the balance of power among nations.
And he believes that this is where America has been going wrong over recent decades. Instead of making informed choices about the direction of America’s version of capitalism, US policy makers and politicians have assumed it is beyond strategic choices. They have simply accepted that it evolves through the unpredictable, unfettered evolution of international trade and domestic competitive markets. Regulation is seen by some as abhorrent because it interferes with the efficiency of markets. Meanwhile, other parts of the world are taking a more proactive approach, planning and implementing national strategies. As a result, America’s competitive position has been eroded. The world is not as simple as the theory of laissez-faire capitalism suggests. The nation’s thinking needs to change if the US is to continue its role as the world’s economic leader.
In this hard-hitting book, D’Aveni explains why we need to embrace what he calls Strategic Capitalism – intentional strategic interference in national economies to achieve the mission of the nation and outperform other capitalist systems.
Today, the US is under threat from a pack of emerging economies. Chief among them is China — probably the most strategic capitalist in history. How should the US respond? What is our vision to win the struggle between different forms of capitalism so that America maintains its supremacy and American democracy flourishes for another two centuries? That’s D’Aveni’s theme, one which will shape the political debate in the next US Presidential election and beyond.
About the Author
Richard A. D’Aveni has been named among the top 25 business thinkers in the world by CNN, Forbes, the (London) Times, Harvard Business Review, and The Times of India based on the rating of the Thinkers50. Author of the bestselling book Hypercompetition, he is the Bakala Professor of Strategy at the Tuck School of Business at Dartmouth College and a winner of the prestigious A. T. Kearney Award for his research.
Maverick Trading November 30, 2011Posted by McGraw-Hill Education (Asia) in Investment.
Tags: allocate, American Stock Exchange, ASE, asset, BBC, bear market, BMG, Bombay Stock Exchange, bonds, BRIC, BSE, bull market, capital, CBOT, commodities, derivative, diversification, dow jones, earnings, equity, ETF, exchange traded fund, Finance, forward, futures, Hang Seng, HIS, investment, Market, money, MSCI, mutual funds, nasdaq, Nikkei, NYSE, option, personal finance, planning, portfolio, Profit, retirement, s&p, securities, stocks, swap, valuation, value, wall street
Authors: Darren Fischer, Jon Frohlich, Robb Reinhold
ISBN: 9780071784313 / 0071784314
©2012 | 1st Edition | 256 pages | Hardback
Pub Date: DEC-11
Price: US$ 40.00
Don’t conform to Wall Street’s rules. Be your own trader—Maverick style.
PROVEN STRATEGIES FOR GENERATING GREATER PRO FITS FROM THE AWARD-WINNING TEAM AT MAVERICK TRADING
Wall Street’s dirty secret is out—you don’t need a professional to manage your money, and you can beat the market on a consistent basis. All that’s required are three things: personal dedication, a sound risk management strategy, and the trading system outlined in this book. Yes, it’s that simple.
As active traders at the private proprietary trading firm Maverick Trading, the authors have taught hundreds of budding traders how to end their relationship with the so-called professionals and trade on their own, using the same system the firm used to generate gains of more than 100% in 2008, 50% in 2009, and 50% in 2010. It’s not a get-rich-quick scheme.
It’s a long-term methodology designed to create steady wealth you can live on, retire on, and pass down to the next generation. Maverick Tradingteaches you how to:
- Design a portfolio using long and short options
- Read OHLC and Candlestick charts
- Hedge your investments with options
- Create a risk-assessment tool kit
- Mentally prepare yourself for the life of a trader
It’s not complicated. In the authors’ own words, “The system in this book relies on pattern recognition, impeccable risk management, understanding yourself, and fifth-grade math.”
The hard part is up to you. You have to make the decision to go all in. Full-time. No turning back. Once you do it, you’ll wonder what took you so long. Let Maverick Trading put you on the path to the life you were supposed to lead.
About the Authors
Darren Fischer has evaluated and consulted more than 200 funds spanning asset classes such as hedge funds, private equity, venture capital, and real estate. He is a trader at Maverick Trading.
Jon Frohlich joined Maverick Trading in 2002. He travels across North America introducing nascent traders to the powerful tools he has learned.
Robb Reinhold has decades of experience as a trader. A passionate educator, he travels the world teaching and recruiting new traders for Maverick Trading when he’s not trading in the currencies market.
Investing and the Irrational Mind May 3, 2011Posted by McGraw-Hill Education (Asia) in Management & Organization.
Tags: asset, bonds, book, BRIC, commodities, dow jones, equity, Financial, Guide, How-to, Investing, Market, money, nasdaq, planning, portfolio, Profit, psychology, retirement, s&p, stocks, valuation, value, wall street, Finance, investment, investments, ETF, invest, earnings, securities, capital, allocate, diversification, diversify, allocation, bull market, bear market, BBC, MSCI, Russell, FTSE, Hang Seng, HIS, BSE, Nikkei, BMG, CBOT, futures, derivative, forward, option, swap, constraint, mutual funds, exchange traded fund, personal finance, Robert Koppel, money management, greed
Investing and the Irrational Mind
Rethink Risk, Outwit Optimism, and Seize Opportunities Others Miss
Make rational decisions in the irrational world of investing
Most investors are driven by greed and panicked by fear, which is why so many lose so much during market upheavals. It’s also why so few gain so much. What separates the winners from the losers? People who remain calm, focused, and analytical during market ups and downs always come out on top–and snatch the losses of those who panic.
Investing and the Irrational Mind gives you the tools for overcoming the self-destructive impulses that stand between you and profit. Behavioral finance expert Robert Koppel reveals why your brain sends certain negative messages during the investing process. Applying the latest advances in neuroeconomics and insights from top traders, he provides a program for building the habits used by the world’s most successful investors.
Investing and the Irrational Mind teaches you how to:
- Identify negative, self-defeating patterns of thought
- Tailor your goals according to your particular investing psychology
- Develop a framework for overcoming irrational thoughts in investment decisions
- Use one of your most powerful investing tools–intuition
The investing world operates by the law of the jungle, with a new surprise lurking around every corner. How often have you abandoned a perfectly sound investing strategy because you panicked? “Success requires focused concentration that permits an unbiased perception of the market,”writes Koppel. “All we can ever control is ourselves, but that is more than enough.”
Armed with 30 years of experience as an analyst and fund manager, Koppel helps you develop a focused, disciplined, confident, and profitable approach to investing using the best tool at your disposal: your brain. Filled with surprising insights into human behavior and rock-solid financial advice, Investing and the Irrational Mind helps you draw consistent profits in an inconsistent investing world.
“Readers will find within these pages new truths that will help transform their thinking. This is more relevant than the latest strategies, trading systems, or technical chart formations.”
–William J. Brodsky, Chairman and CEO, Chicago Board Options Exchange
“Koppel offers pioneering insights, backed by substantial research, that help explain how psychology influences financial decisions and drives markets. Investing and the Irrational Mind is a must-read for both the professional and nonprofessional investor.”
–Robin Mesch, President, Mesch Capital Management
“If there is truth to the Yiddish proverb that ‘man plans and God laughs,’ read Investing and the Irrational Mind to gain an essential understanding of what to do with your stocks and bonds when God is cracking up. As the sages advised, ‘All the rest is commentary.’”
–Yra Harris, CME Group member, President of Praxis Trading, and author of the daily investment blog Notes from the Underground
“Investing and the Irrational Mind explains the psychological barriers to making good investment decisions–and more importantly how to overcome them. Koppel shows the dangers of our own habit-driven behavior, biases, and heuristics and how they lead us to violate our own investment axioms.”
–Alexander Abell, Director, BlackRock, Inc.
“Investing is fraught with uncertainty, which gives rise to psychological issues that investors ignore at their peril. Bob Koppel has written a fascinating, entertaining, and comprehensive examination of this multifaceted area of inquiry. If you invest for a living, or even if you’re just a student of the psychology of self, you will find beneficial insights in the pages of this book.”
–A. Thomas Shanks, President and CEO, Hawksbill Capital Management
About the Author
Robert Koppel is the author of numerous books on the psychology of trading, a former member of the CME (Chicago Mercantile Exchange), a hedge fund partner and president of his own division at Rand Financial (http://randfinancial.com/main.taf?p=0). Koppel brings the CME platform to this book as he is currently developing content for their educational department. He was the senior business writer for Onmoney.com and his work has appeared in the national financial press, and featured in CNN, CNBC, and NPR.
Title you might be interested:
- 9780071486644 Way of the Turtle
The Ten Trillion Dollar Gamble April 14, 2011Posted by McGraw-Hill Education (Asia) in Investment.
Tags: allocate, allocation, American Stock Exchange, ASE, asset, BBC, bear market, BMG, Bombay Stock Exchange, bonds, BRIC, BSE, bull market, capital, CBOT, commodities, constraint, derivative, diversification, diversify, dow jones, earnings, equity, ETF, Euronext, exchange traded fund, Finance, Financial, forward, Frankfurt, FTSE, futures, Hang Seng, HIS, hong kong, invest, Investing, investment, London, Market, money, MSCI, mutual funds, nasdaq, New York, Nikkei, NYSE, option, personal finance, planning, portfolio, Profit, retirement, Russell, s&p, securities, shanghai, Singapore, stocks, swap, valuation, value, wall street, Zurich
The Ten Trillion Dollar Gamble
The Coming Deficit Debacle and How to Invest Now
The next economic storm and how to prepare for it—from a top decision-maker at BlackRock
An economic calamity is already looming on the horizon, and it’s going hit the U.S. on a scale equal to the recent mortgage meltdown and liquidity crisis of 2008-2009. In February, President Obama announced that the 2010 budget deficit would surpass $1.5 trillion, an amount greater than the total debt of our nation in its first 200 years of its existence. And things only get worse from here: between 2010 and 2019, America will add one trillion of additional debt every year.
In The Ten Trillion Dollar Gamble, Russ Koesterich, who manages over $100 billion for the world’s largest money management company, offers compelling evidence supporting his prediction that the global economy is on the verge of more, even greater upheaval and provides his unique insight into:
- The structural weaknesses underlying the economic meltdown
- Why commodities will be so important in the next economic climate
- Likely ramifications to the real estate market
- The best stocks to buy and which ones to avoid
Today’s investing strategies will be rendered useless in the next storm’s wake. Written by one of the most qualified people in the business, The Ten Trillion Dollar Gamble offers a plan for protecting your wealth and preserving the power of your savings.
Praise for The Ten Trillion Dollar Gamble
“Many commentators rant about budget deficits and the country’s moral failings. Russ Koesterich calmly and objectively describes our downward economic spiral over the next 20 years and recommends the investments best suited for that journey.”
—Ron Kahn, Global Head of Research, BlackRock Scientific Active Equities, and coauthor of Active Portfolio Management
“A must-read for anyone who has ever touched currency or heard of money.”
—Vadim Zlotnikov, Chief Market Strategist, AllianceBernstein
“A useful book that underlines an essential reality: Americans will not be returning to the old normal. We must adapt to a changing world that presents us with new risks and opportunities. The Ten Trillion Dollar Gamble broadens and deepens a conversation we have to have.”
—Ian Bremmer, President, Eurasia Group, and author of The J Curve and The End of the Free Market
“This book gives investors practical and easy-to-follow solutions on how to protect their investments and financial future.”
—Arthur B. Laffer, founder and CEO, Laffer Associates, and author of The End of Prosperity
“A superb book. Russ Koesterich’s recommendations spanning financial and real assets are insightful, relevant, and pragmatic. Russ is among the select few veterans of the investment management profession who are able to project academic insights faithfully, offer compelling investment advice—and write a page-turner.”
—S. P. Kothari, Deputy Dean, MIT Sloan School of Management
- Book Review on Seeking Alpha by Brenda Jubin, March 31. To read the review, please click HERE
- Article “How the National Debt Affects You” by Meg Handley on U.S.News.com, March 31. To read the article, please click HERE
- Russ Koesterich appearances on CNBC’s Closing Bell, July 22, 2010. To view the video, please click HERE
About the Author
Russ Koesterich (HOMETOWN TK) is Global Head of Investment Strategy for BlackRock Scientific Active Equities. He previously served as Senior Portfolio Manager in the US Market Neutral Group for Barclays Global Investors. Koesterich is the author of The ETF Strategist.
Other books you might be interested:
- 9780071592819 When Markets Collide
The Last Economic Superpower: The Retreat of Globalization, the End of American Dominance, and What We Can Do October 4, 2010Posted by McGraw-Hill Education (Asia) in Highlights, Management & Organization.
Tags: AIG, american home mortgage, asset, asset backed commercial paper, bankrupt, bear, Bear Stearns, bernanke, billion, Brazli, BRIC, bubble, bull, Bush, business cycles, cash flow, central bank, China, Citigroup, commerical paper, commodities, commodity, competition, Congress, consumer, credit crisis, credit default swap, crisis, debt, deficit, deflation, depression, dow jones, downturn, Economic, economic growth, economy, Emergency Economic Stabilization Act, emerging market, equity, ETFs, euro, failure, Fannie Mae, FDIC, financial instrument, financial system, fiscal, foreign, Freddie Mac, free market, global financial crisis, globalization, gordon brown, great depression, growth, IMF, income tax, India, indy mac, inflation, Innovation, investment bank, job loss, job security, jp morgan, lehman, liquid, liquidity, macroeconomics, Madoff, main street, meltdown, merrill lynch, microeconomics, Minsky, moodys, mortgage, mortgage backed security, nasdaq, Obama, oil, paulson, Ponzi, poverty, private equity, productivity, real estate, recession, rescue package, Russia, s&p, savings and loan, Schumpeter, short sell, stabilization act, stagflation, standard of living, stimulus, subprime, TARP, tax cut, taxes, Thain, trillion, troubled assets relief program, unemployment, venture capital, volatility, wachovia, wall street, wamu, washington mutual
In this important new book, well-known Wall Street strategist and expert on international affairs, Joseph P. Quinlan delivers a powerful message about the role that a post-financial collapse United States will play in the global economy as it competes with other global economic powers. How the U.S. reacts to the perilous circumstances it faces could determine the future success of our global economic and political influence, and globalization in general.
According to Joseph P. Quinlan, the global impact of the 2008/2009 economic crisis will be far from temporary. Like the Great Depression, this severe recession is ushering in an entirely new epoch, one in which the free-market ideology that flourished since the days of Ronald Reagan and Margaret Thatcher and spawned widespread globalization has been utterly discredited. Quinlan further believes that the United States, with its crippling debt burden, is no longer in a leadership position to set global economic policy, while emerging countries, especially China, are now shaping a new world. He sees the era of U.S. dominance as coming to an end, threatening to bring globalization down with it. Quinlan sets out this provocative view in his new book, Future Imperfect.
In an accessible narrative fashion, he examines a wide array of reactions to the recession, and what he finds is not promising. A shift toward greater financial regulation promises to restrict global financial trade. Present bills in Congress contain “Buy America” provisions and protectionist tariffs have been enacted in countries across the globe. Holding a vast amount of America’s debt, China has become increasingly strident in promoting the virtues of state capitalism. If the U.S. and the West cannot adapt to a world in which they no longer call the shots, the result will be a collection of me-first nations trading within balkanized spheres of influence. In such a world, everyone will be a loser, with no united effort to confront such serious challenges as global climate change, peace in the Middle East, malnourishment in Africa, energy security, and the scarcity of such vital natural resources as water and oil.
Indeed, in Quinlan’s view, such a move away from globalization and towards greater regulation and protectionism would lead to a dangerous hostility between developed and undeveloped nations and among various regional blocs. And the U.S., as the world’s largest economy, top manufacturer of goods, number-one exporter of goods and services, technology leader, and largest recipient of foreign direct investment, would be the biggest loser of all.
Compelling in its logic and grounded thoroughly in facts, Future Imperfect is a wake-up call for all thinkers on the subject of international relations. Quinlan recognizes how we got here, and outlines the crucial adjustments we need to make in order to alter our course and achieve a fully integrated global economy that promotes world-wide economic growth and reduces the risks of wars and cross-border conflicts. Now, more than ever before, America must adapt to succeed in a new world of multiple and competing interests.
About the Author
Joseph P. Quinlan (New York, NY) is Managing Director and the Chief Market Strategist of Bank of America, Global Wealth and Investment Management, in New York. He joined the firm in June 2003 after working as a Senior Global Economist at Morgan Stanley. Quinlan has also worked as Director of Economic Research at Sea-Land Services, a $3 billion global transportation firm. Quinlan started his career with Merrill Lynch Economics.
In addition to his duties at Bank of America, Quinlan is a Senior Fellow at the Center for Transatlantic Relations, the Paul H. Nitze School of Advanced International Studies (SAIS) of Johns Hopkins University. He is also a Senior Transatlantic Fellow (non-resident) at the German Marshall Fund in Brussels, where his research centers on regional and global trade and investment flows. In late 2006, Quinlan was appointed as a non-resident Fellow on U.S.-Asian Affairs at the Pacific Council on International Policy. In 1998, he was nominated as Eisenhower Fellow and studied China-Taiwan cross-straits relations for a month in Taiwan.
As a Fellow, Quinlan regularly debriefs and advises senior U.S. congressional leaders on global economic/financial affairs on Capitol Hill, and has testified before the European Parliament on transatlantic trade issues. He is a leading expert on global trade and investment flows.
He is the author, co-author, editor or contributor to over a dozen books. He has published over 125 articles on international economics and trade, with publications appearing in such venues as Foreign Affairs, Financial Times, Wall Street Journal, and Barron’s. He appears regularly on NCBC, PBS, and Bloomberg. He is regularly quoted in various media outlets. He has been profiled twice in Barron’s twice over the past few years.
Quinlan lectures on global finance at New York University, where he has been on the faculty since 1992. He is also an adjunct professor at Fordham University. He has lectured in Europe and Latin America on global affairs and international finance. Other teaching experience include: Distinguished Lecturer at Fordham University, New York; Distinguished Lecturer, Chapman University, Los Angeles; Florida Atlantic University, Boca Raton, Florida. He has also lectured at the Wharton School of Business and the Thunderbird School of Global Management, Glendale, Arizona.
Investing in BRIC Countries: Evaluating Risk and Governance in Brazil, Russia, India, and China March 12, 2010Posted by McGraw-Hill Education (Asia) in Investment.
Tags: Board of Directors, Brazil, BRIC, China, Corruption, Economics, emerging markets, equity, EuroChem, Evaluating Risk, fastest-growing, Finance, GAMMA, GDP, India, Infrastructure, Investing, McGraw-Hill Education, MDM Bank, MTS, Oleg Shvyrkov, Profit, Risk, Russia, Shareholders, Standard & Poor’s®, Svetlana Borodina, Wimm-Bill-Dann
Investing in BRIC Countries
Evaluating Risk and Governance in Brazil, Russia, India, and China
Authors: Borodina, Svetlana; Shvyrkov, Oleg
©2010 | 1st Edition | 368 pages , Hardcover
Pub Date: January 2010
Price: US$ 75.00
Learn More | Sample Chapter
Chart a course for success in the fertile terrain of BRIC investing!
The world’s largest and fastest-growing emerging markets are those of the BRIC nations—Brazil, Russia, India, and China. Combined, these countries house more than 40 percent of the world’s population, and their respective GDPs are growing at an impressive rate.
This economic success comes partly from a trend toward good corporate governance, a concept virtually unheard of in these four nations just a decade ago. Still, the BRICs have a long way to go. Corruption, doubledealings, and other conflicts of interest are regular business practices for far too many companies. Although investing in BRIC nations can be wildly profitable, you must familiarize yourself with the realities of their corporate governance to avoid catastrophe.
With Investing in BRIC Countries, you are equipped with the best available tool for detecting the signs of poor governance. Edited by Standard & Poor’s® equity research and governance group, it details the group’s highly successful approach to analyzing risks in emerging economies.
With case studies illustrating the effectiveness of corporate governance scrutiny, Investing in BRIC Countries examines the economic structure and governance status of each BRIC nation—and then explains how to:
- Detect the malevolent influences of a powerful minority of shareholders
- Protect yourself from misleading or false audits and risk assessments
- Recognize regulatory weaknesses with regards to shareholder rights
- Distinguish effective boards of directors from weak or corrupt ones
As the financial crises in Mexico, Russia, and Asia during the 1990s prove, corporate governance is the pivot on which an emerging market’s success or failure hinges. Before entering one or more BRIC markets, perform the due diligence they require.
Investing in BRIC Countries is the best tool available for mitigating your exposure to risky deals and other problems that can arise when dealing with international companies.
About the Authors
Svetlana Borodina (Moscow) is a director of corporate governance at Standard & Poor’s Equity Research, based in Moscow. Her responsibilities include global product management for GAMMA, which measures corporate governance practices in emerging markets. Prior to joining S&P, Svetlana occupied a number of senior executive positions in the area of investor relations and financial communications with TNK-BP and Sibneft oil companies, both based in Moscow.
Oleg Shvyrkov (Moscow) is Associate Director in Standard & Poor’s Governance Services group. Based in Moscow, he acts as methodology and criteria coordinator for the group. He also serves as lead analyst on Corporate Governance Scores and GAMMA Scores on major companies in Russia including, MTS, MDM Bank, EuroChem, and Wimm-Bill-Dann, as well as several other companies in Russia, Kazakhstan and Brazil. He supervises governance-related research performed by the group, including the Transparency & Disclosure surveys, a Governance Infrastructure Reports on the BRIC countries. He holds Ph.D. and M.A. degrees in Organization & Strategy from Tilburg University (Netherlands), and M.Sc. and B.Sc. degrees in Economics from the Peoples’ Friendship University of Russia (RUDN).