Book Description
A modern approach to equity valuation
Understanding the key ingredients that combine to affect price/earnings (P/Es) is of crucial importance to the investment process. In Franchise Value, Martin Leibowitz tackles the imposing task of determining what really has an impact on P/Es. The author shows why he subscribes to the conventional logic that the P/E gauges the market's assessment of the firm's future. He then introduce readers to the franchise-value approach to analyzing the prospective cash flows that determine a company's P/E. The franchise-value approach to valuation enables the analyst or investor to break the firm into two key component parts and to value those components. The franchise value approach is original and insightful, and with this book, readers can begin to implement this approach to perform better equity valuations.
Martin L. Leibowitz, PhD (Stamford, CT), is Vice Chair and Chief Investment Officer at TIAA-CREF, where he is responsible for the overall management of all TIAA-CREF investments. He has authored several books and more than 130 articles, nine of which have received a Financial Analysts Journal Graham and Dodd Award of Excellence.
Download Description
A modern approach to equity valuation
Understanding the key ingredients that combine to affect price/earnings (P/Es) is of crucial importance to the investment process. In Franchise Value, Martin Leibowitz tackles the imposing task of determining what really has an impact on P/Es. The author shows why he subscribes to the conventional logic that the P/E gauges the market's assessment of the firm's future. He then introduce readers to the franchise-value approach to analyzing the prospective cash flows that determine a company's P/E. The franchise-value approach to valuation enables the analyst or investor to break the firm into two key component parts and to value those components. The franchise value approach is original and insightful, and with this book, readers can begin to implement this approach to perform better equity valuations.
Martin L. Leibowitz, PhD (Stamford, CT), is Vice Chair and Chief Investment Officer at TIAA-
CREF, where he is responsible for the overall management of all TIAA-CREF investments. He
has authored several books and more than 130 articles, nine of which have received a Financial Analysts Journal Graham and Dodd Award of Excellence.
Book Description
"For more than 20 years I have admired the diligence and resourcefulness of Rusty Olson in the wise management of fiduciary investments. Institutional executives in all nations may want to study his experienced advice."-John M. Templeton, founder, Templeton Investment Counsel
"Rusty Olson has provided a reader-friendly tour through the complex jungle of investing, pointing out both the opportunities and pitfalls that lie before those responsible for Other People's Money. At once constructive and skeptical, his reputation as the consummate investment professional shines through on every page."-John C. Bogle, founder, The Vanguard Group
On the heels of Enron and other high-profile debacles, the performance of pension fund managers is one of today's hot-button topics. Investing in Pension Funds and Endowments provides tools and guidance for managers to operate prudently while achieving the high rates of return required for successful longterm asset growth. This accessible how-to reference covers all aspects of tax-free investing for pension funds, endowments, trusts, and foundations.
Book Description
* Discusses the important links among the accounting, corporate governance, and economic aspects of hedging.
* Provides non-technical guidance about the risk management process for endowments, foundations, and pension funds.
* Presents a simple step-by-step approach to risk management.
Product Description
Throughout most of the past century, America, uniquely among industrial countries, assumed that private businesses would take primary responsibility for providing retirement security and health insurance to working-age people and their families--an arrangement that became known as American "welfare capitalism." That assumption has been put to the test by the fierce competitive onslaught on almost every major American industry that began in the 1970s and 1980s. In today's world of global competition, where prices are dictated by iron laws of marginalist economics, old traditions of employer-employee loyalties are a distant memory, and companies have been shedding benefit commitments as rapidly as possible. Apart at the Seams explores how this collapse of private sector retirement and health benefits came about and how it has affected the landscape of American social insurance. In making his case for reform, Morris examines the forthcoming strain on government benefit programs, the critical trends in American incomes and saving patterns, and the special features of the American health care system that make policy changes such a pressing concern. He argues that the question is not whether the American social insurance system must be fundamentally restructured--that has been going on, willy-nilly, for the past few decades--but rather whether there are reasonable paths to closing the gaping holes in the existing system without doing violence to the long-standing American disposition toward mixed-enterprise solutions.
Book Description
An informative guide to selecting and evaluating external investment professionals
This book-one of the very few of its kind-is an invaluable aid to trustees of pension plans, endowments, and trusts who seek to chart and navigate courses for governing and overseeing the investment of the trillions of dollars under their care. It covers many aspects of this essential endeavor, including return measures, fixed income and duration, manager searches, committee meetings, and much more.
G. Timothy Haight (Atherton, CA) is President of Menlo College in Silicon Valley. Stephen O. Morrell, PhD (Coral Springs, FL) is Professor at Andreas School of Business of Barry University. Glenn Ross (Baltimore, MD) is a Managing Director and cofounder of Archstone Portfolio Solutions.
Book Description
Analysis of investment returns is no longer the sole judge of portfolio management performance. Continued innovation in financial markets, along with the wider variety of investment alternatives available to clients, makes it essential that you know all of the benchmarks the experts are using today. The Analysis of Portfolio Management Performance, by C. Timothy Haight and Stephen O. Morrell, is both an instructional book and a ``checklist'', helping you to guarantee that portfolios for which you are responsible are managed in a prudent and acceptable manner. Current evaluation techniques are described and evaluated in a clear and understandable fashion. Important topics discussed include: establishment of a valuable, effective policy statement; situational pros and cons of different investment approaches; style and return-risk measurements.
Customer Reviews:
Great book, worth the time and money........2006-06-01
Very insightful in helping understand the elements that must be considered in investing into a portfolio and in managing a portfolio. Very well written and complete.
Great for learning the components of investment return.......2001-12-16
The book is very well written and strikes the right balance between portfolio math and a discussion of the various ideas in investment performance. I specialize in automating financial reports and this book explained what many of these reports were trying to do (but which, I now see, could do better). I spent ($$$) for this book (...) and it was well worth it. This book isn't about beating the market, it's about understanding the components of one's investment return. How much is related to the balance of the portfolio, the stock selection, the market's broad movement. Was the manager taking unnecessary risks? If he did well was it due more to the portfolio's balance or the market's movement. I also keep going back to this book, it's a great reference.
Average customer rating:
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Domain Linkages and Privatization in Social Security (International Studies in Social Security)
Manufacturer: Ashgate Publishing
ProductGroup: Book
Binding: Hardcover
 General
| Insurance
| Industries & Professions
| Business & Investing
| Subjects
| Books
Privatization
| Economics
| Business & Investing
| Subjects
| Books
Social Services & Welfare
| Poverty
| Current Events
| Nonfiction
| Subjects
| Books
General
| Sociology
| Social Sciences
| Nonfiction
| Subjects
| Books
ASIN: 0754614735 |
Average customer rating:
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The Foundations of Pension Finance (Elgar Mini Series)
Manufacturer: Edward Elgar Publishing
ProductGroup: Book
Binding: Hardcover
Economics
| Business & Investing
| Subjects
| Books
| Agricultural
| Commercial Policy
| Comparative
| Consolidation & Merger
| Cooperatives
| Debt & Deficits
| Development & Growth
| Econometrics
| Economic Conditions
| Economic History
| Economic Policy & Development
| Exports & Imports
| Free Enterprise
| Inflation
| International
| Labor & Industrial Relations
| Macroeconomics
| Microeconomics
| Money & Monetary Policy
| Natural Resources
| Privatization
| Public Finance
| Statistics
| Sustainable Development
| Theory
| Unemployment
| Urban & Regional
General
| Popular Economics
| Business & Investing
| Subjects
| Books
General
| Business & Investing
| Subjects
| Books
General
| Investing
| Business & Investing
| Subjects
| Books
Retirement Planning
| Personal Finance
| Business & Investing
| Subjects
| Books
General
| Finance
| Accounting & Finance
| Professional & Technical
| Subjects
| Books
Federal Government
| Levels of Government
| Political Science
| Social Sciences
| Nonfiction
| Subjects
| Books
ASIN: 184064186X |
Book Description
The Foundations of Pension Finance presents in two authoritative volumes a selection of the most important published articles on systems of retirement income provision - an area that is of vital importance for the future of the economy in general and the financial system in particular.
The collection makes a very important contribution towards a better understanding of the various factors which influence the outcomes arising from systems of retirement income provision. The fields of pension finance and pension economics are fortunate in having benefited from penetrating contributions from a range of distinguished scholars.
The volumes are divided into five sections. The first section features material relevant to the role of pensions in the broad overall development of financing arrangements in the context of the economy as a whole. The second focuses more closely on pension provision in the context of capital markets. The third looks at pensions as they affect the economic behavior of the personal sector, while the fourth is a companion piece examining the link of pensions to corporate finance. The final section examines important issues in pension reform facing government.
This book will be essential reading for economists concerned with pensions and the problems of old age, financial economists as well as practitioners involved in the pension industry.
Product Description
This checklist is a high-level summary of the key provisions of the Pension Protection Act of 2006, with specific attention given to those topics that have the greatest impact on the financial management of single employer defined benefit and defined contribution retirement plans. Some of the most notable changes relating to retirement plan design and administration are also summarized
Average customer rating:
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Marxian Legal Theory (The International Library of Essays in Law and Legal Theory. Schools, 9)
Csaba Varga
Manufacturer: NYU Press
ProductGroup: Book
Binding: Hardcover
General
| Law
| Subjects
| Books
General
| Politics
| Nonfiction
| Subjects
| Books
Communism & Socialism
| Ideologies
| Politics
| Nonfiction
| Subjects
| Books
Marxism
| Political Doctrines
| Political Science
| Social Sciences
| Nonfiction
| Subjects
| Books
General
| Law
| Professional & Technical
| Subjects
| Books
ASIN: 081478772X
Release Date: 1993-04-01 |
Book Description
This Major Reference series brings together a wide range of key international articles in law and legal theory. Many of these essays are not readily accessible, and their presentation in these volumes will provide a vital new resource for both research and teaching. Each volume is edited by leading international authorities who explain the significance and context of articles in an informative and complete introduction.
Book Description
There’s no tractor like a John Deere. The most popular make among collectors and restorers deserves its own tribute, so we’ve gathered a fabulous collection of artwork and stories devoted just to the famous green machines. Stories--ranging from the first ride upon a John Deere to the fateful day when the team of horses was replaced by the shiny new Johnny Popper--by well-known and respected farm Contributors include Patricia Penton Leimbach, Donald Zolan, Dave Barnhouse, Don Macmillan, C.H. Wendel, and Ralph W. Sanders. Whether you dream of restoring a John Deere or have a whole shed full of them, you’ll cherish the reminiscences within the pages of This Old John Deere.
Customer Reviews:
A perfect giftbook selection for tractor enthusiasts.......2002-10-06
Deftly edited by Michael Dregni and illustrated throughout with excellent color photography, This Old John Deere: A Treasury Of Vintage Tractors And Family Farm Memories is a wonderful celebration of John Deere tractors throughout the years and their roles on family farms across America. This Old John Deere offers a simple, plain-speech overview of the tractors' service throughout American 20th century agricultural history complements this remarkable visual tribute. This Old John Deere is a perfect giftbook selection for tractor enthusiasts and a wonderful addition to community library collections.
Book Description
For many farmers their farm tractor is almost a part of the family. "This Old Tractor" is the ultimate oral and visual tribute to the classic farm tractor. The text is made up of humorous and sentimental tractor stories, essays, and memories about such momentous events as a farmer's first tractor, learning to drive a tractor, and the "art" of collecting and restoring tractors. Part family farm nostalgia, part reminiscences about faithful old tractors, . "This Old Tractor" is chock-full of endearing pieces written by all the well-known tractor book authors and historians: Randy Leffingwell, Ralph W. Sanders, Robert Pripps, C. H. Wendel, Bill Vossler, Don Macmillan, and CBS "Sunday Morning"'s Roger Welsch. Other writers and farmers, such as John Hildebrand (author of "Mapping the Family Farm"), Sara De Luca (author of "Dancing the Cows Home"), and Patricia Penton Leimbach (author of several farm life books and considered the Erma Bombeck of the farm), also contribute. We've even tracked down historical tractor poetry! The text of "This Old Tractor" is enhanced throughout by a variety of artwork, including farming paintings by Grant Wood and Thomas Hart Benton, cartoons by Bob Artley (author of the syndicated cartoon series "Memories of a Former Kid"), historical photos, and full-color photos by Ralph W. Sanders, Randy Leffingwell, Andrew Morland, and others. Colorful old ads, tractor catalogs and magazine covers, and tractor toys are sure to bring back warm memories of cherished days spent on the family farm.
Customer Reviews:
Generations of farmers celebrate the tractor.......2006-04-13
If you're a fan of vintage tractors, a farmer, or a collector, THIS OLD TRACTOR: A TREASURY OF VINTAGE TRACTORS AND FAMILY FARM MEMORIES is for you. Plenty of black and white and color photos throughout keep the vintage and modern tractor shots captivating for browsing or study, while recollections by farmers and tractor workers bring back memories of activities and concerns surrounding them. Celebrations of generations of farmers provide essays ranging from a husband's efforts to get more tractors on his farm under his wife's very nose to the experience of threshing day.
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- Fraud 101: Techniques and Strategies for Detection
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- History: Fiction or Science? (Chronology, No. 1)
- Integrated Risk Management: Techniques and Strategies for Managing Corporate Risk
- Intermediate Accounting, Chapters 1-14, Problem Solving Survival Guide
- Intermediate Accounting, Volume 1
- Investing in Pension Funds and Endowments : Tools and Guidelines for the New Independent Fiduciary
- Judgment and Decision-Making Research in Accounting and Auditing (Cambridge Series on Judgment and Decision Making)
- Levy Processes in Finance: Pricing Financial Derivatives (Wiley Series in Probability and Statistics)
Books Index
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