Description
Elsevier The Management Of Equity Investments by Dimitris N. Chorafas
The Management of Investments is based on an extensive research project done by the author in 2003 and 2004, in the United States, England, Germany, France, Italy and Switzerland._x000D__x000D_The author outlines the rules behind the able management of investments by private individuals, banks, and institutional investors. These rules are examined within the perspective of each entitys goals and challenges. _x000D__x000D_Based on research results and on his own experience, the author demonstrates that shareholder value is usually being paid lip service. As far as investment results are concerned, there are serious risks associated to leveraging, near-sighted management, obsolescence of skills and dubious deals._x000D__x000D_But there are also investment rules which, when observed, help in avoiding the slippery path which ends with investors losing their capital. To help in explaining these rules, the book outlines the way capital markets work, equity research is done, and risks associated to biases. It also pays attention to forces propelling economic growth - or downturn. _x000D__x000D_Growth is usually dictated by the customer, but the customer is influenced by market psychology, liquidity, volatility, and prospects of the product or financial instrument he contemplates to buy. Case studies on instruments in the book examine equities, interest rates and exchange rates. The text also analyzes the role played by hedge funds and their strategies, as well as risks associated to alternative investments._x000D_ _x000D_The Art of Investing: Golden Rules of Investing; The Landscape Where Professional Asset Managers and Private Investors Meet; Capital Markets and Their Players: Capital Markets and the Securities Industry; The Trading of Equities; Regulation and Operation of the Exchanges;_x000D_
Performance Criteria and Quoted Equities:_x000D_
Technical and Fundamental Analysis; Quantitative Criteria for Equity Performance; Transparency in Financial Statements and Reputational Risk; A Private Investors Self-Protection; Execution Risk and Damage Control: Investors Responsibility in Risk Management; Independent Equity Research and Risk Management; Volatility, Liquidity, Leverage, and Their Impact on Investments; Methods for Judging Quoted Equities; Case Studies in Investments: Case Studies on Equity Values; Parmalat: A Case Study on Leveraging Corporate Assets._x000D_