Managing a Corporate Bond Portfolio
Managing a Corporate Bond Portfolio
Praise for Managing a Corporate Bond Portfolio "Crabbe and Fabozzi's Managing a Corporate Bond Portfolio is a refreshingly good book on the neglected topic in fixed income portfolio management. If you want to understand the latest thinking in corporate bonds, what drives prices and why, read this book. You will emerge with knowledge that will help you get an edge in the competitive investing arena." -Tim Opler Director, Financial Strategy Group, CSFB "A practitioner's guide . . . a creative, comprehensive, and practical book that addresses the myriad of challenges facing managers of corporate bond portfolios. The chapter on liquidity, trading, and trading costs is a must read." -Mary Rooney Head of Credit Strategy, Merrill Lynch "As a Senior Portfolio Manager responsible for managing billions of dollars invested in fixed income product during the mid-1990s, Lee Crabbe was the one Wall Street strategist that I would read every week to help me figure out where value was in the corporate bond market, and for insightful and easy-to-understand special reports that educated me and most investors on the risks and opportunities inherent in new structures and subordinated products. Fortunately for me and investors, Lee Crabbe and Frank Fabozzi have written this book, which compiles much of their previous work on corporate bond valuation, along with new features that are a must read, especially in light of the volatile times in the corporate bond market over the past few years. For portfolio managers, analysts, traders, and even strategists, if there is one book in your bookshelf that you should have on corporate bond portfolio management, it is this one." -William H. Cunningham Managing Director, Director of Credit Strategy, J.P. Morgan Securities Inc. www.wileyfinance.com
- ASIN: 0471218278
- ISBN: 9780471218272
- Brand: Leland E Crabbe Frank J Fabozzi
- Manufacturer: Wiley
The Intelligent Investor: The Definitive Book on Value Investing. A Book of Practical Counsel (Revised Edition)
The Intelligent Investor: The Definitive Book on Value Investing. A Book of Practical Counsel (Revised Edition)
- ASIN: 0060555661
- ISBN: 9780060555665
- Brand: HarperBusiness
- Manufacturer: Collins Business
Nonviolent Communication: A Language of Life, 3rd Edition: Life-Changing Tools for Healthy Relationships (Nonviolent Communication Guides)
Nonviolent Communication: A Language of Life, 3rd Edition: Life-Changing Tools for Healthy Relationships (Nonviolent Communication Guides)
What is Violent Communication? If “violent” means acting in ways that result in hurt or harm, then much of how we communicate—judging others, bullying, having racial bias, blaming, finger pointing, discriminating, speaking without listening, criticizing others or ourselves, name-calling, reacting when angry, using political rhetoric, being defensive or judging who’s “good/bad” or what’s “right/wrong” with people—could indeed be called “violent communication.” What is Nonviolent Communication? Nonviolent Communication is the integration of four things: • Consciousness: a set of principles that support living a life of compassion, collaboration, courage, and authenticity • Language: understanding how words contribute to connection or distance • Communication: knowing how to ask for what we want, how to hear others even in disagreement, and how to move toward solutions that work for all • Means of influence: sharing “power with others” rather than using “power over others” Nonviolent Communication serves our desire to do three things: • Increase our ability to live with choice, meaning, and connection • Connect empathically with self and others to have more satisfying relationships • Sharing of resources so everyone is able to benefit
- ASIN: 189200528X
- ISBN: 189200528X
- Brand: Rosenberg Marshall B
- Manufacturer: PuddleDancer Press
A Pragmatist's Guide to Leveraged Finance: Credit Analysis for Bonds and Bank Debt (paperback) (Applied Corporate Finance)
A Pragmatist's Guide to Leveraged Finance: Credit Analysis for Bonds and Bank Debt (paperback) (Applied Corporate Finance)
The high-yield leveraged bond and loan market (“junk bonds”) is now valued at $3+ trillion in North America, €1 trillion in Europe, and another $1 trillion in emerging markets. What’s more, based on the maturity schedules of current debt, it’s poised for massive growth. To successfully issue, evaluate, and invest in high-yield debt, however, financial professionals need credit and bond analysis skills specific to these instruments. Now, for the first time, there’s a complete, practical, and expert tutorial and workbook covering all facets of modern leveraged finance analysis. In A Pragmatist’s Guide to Leveraged Finance, Credit Suisse managing director Bob Kricheff explains why conventional analysis techniques are inadequate for leveraged instruments, clearly defines the unique challenges sellers and buyers face, walks step-by-step through deriving essential data for pricing and decision-making, and demonstrates how to apply it. Using practical examples, sample documents, Excel worksheets, and graphs, Kricheff covers all this, and much more: yields, spreads, and total return; ratio analysis of liquidity and asset value; business trend analysis; modeling and scenarios; potential interest rate impacts; evaluating and potentially escaping leveraged finance covenants; how to assess equity (and why it matters); investing on news and events; early stage credit; and creating accurate credit snapshots. This book is an indispensable resource for all investment and underwriting professionals, money managers, consultants, accountants, advisors, and lawyers working in leveraged finance. In fact, it teaches credit analysis skills that will be valuable in analyzing a wide variety of higher-risk investments, including growth stocks.
- ASIN: 0133552764
- ISBN: 0133552764
- Manufacturer: FT Press
The Anatomy of Peace: Resolving the Heart of Conflict
The Anatomy of Peace: Resolving the Heart of Conflict
NEW EDITION, REVISED AND UPDATED What if conflicts at home, conflicts at work, and conflicts in the world stem from the same root cause? What if we systematically misunderstand that cause? And what if, as a result, we systematically perpetuate the very problems we think we are trying to solve? Every day. From the authors of Leadership and Self-Deception comes an international bestseller that instills hope and inspires reconciliation. Through a moving story of parents who are struggling with their own children and with problems that have come to consume their lives, we learn from once-bitter enemies the way to transform personal, professional, and global conflicts, even when war is upon us.
- UPC: 884984435382
- ASIN: 1626564310
- ISBN: 1626564310
- Brand: Arbinger Institute
- Manufacturer: Berrett-Koehler Publishers
How to Day Trade for a Living: Tools, Tactics, Money Management, Discipline and Trading Psychology
How to Day Trade for a Living: Tools, Tactics, Money Management, Discipline and Trading Psychology
Very few careers can offer you the freedom, flexibility and income that day trading does. As a day trader, you can live and work anywhere in the world. You can decide when to work and when not to work. You only answer to yourself. That is the life of the successful day trader. Many people aspire to it, but very few succeed.In the book, I describe the fundamentals of day trading, explain how day trading is different from other styles of trading and investment, and elaborate on important trading strategies that many traders use every day. I've kept the book short so you can actually finish reading it and not get bored by the middle.For beginner traders, this book gives you an understanding of where to start, how to start, what to expect from day trading, and how to develop your strategy. Simply reading this book, however, will not make you a profitable trader. Profit in trading does not come with reading a book or two or browsing online. It comes with practice, the right tools and software and appropriate ongoing education.Intermediate traders may benefit from the book's extensive overview of some of the classic strategies that the majority of retail traders regularly use with proven success. If you think you are beyond the stage of a novice trader, then you may want to jump ahead and start reading from Chapter 7 for an overview of the most important day trading strategies:Day trading is not gambling or a hobby. You must approach trading very, very seriously. As such, I wake up early, go for a run, take a shower, get dressed, eat breakfast, and fire up my trading station before the markets open in New York. I am awake. I am alert. I am motivated when I sit down and start working on the list of stocks I will watch that day. This morning routine has tremendously helped my mental preparation for coming into the market. Whatever your routine is, starting the morning in a similar fashion will pay invaluable dividends.ABCD Pattern TradingBull Flag Momentum TradingTop Revers... [Read More]
- ASIN: B012C4AU10
- Brand: AMS Publishing Group
- Manufacturer: AMS Publishing Group
The 15 Invaluable Laws of Growth: Live Them and Reach Your Potential
The 15 Invaluable Laws of Growth: Live Them and Reach Your Potential
Are there tried and true principles that are always certain to help a person grow? John Maxwell says the answer is yes. He has been passionate about personal development for over fifty years, and for the first time, he teaches everything he has gleaned about what it takes to reach our potential. In the way that only he can communicate, John teaches . . . The Law of the Mirror: You Must See Value in Yourself to Add Value to Yourself The Law of Awareness: You Must Know Yourself to Grow Yourself The Law of Modeling: It's Hard to Improve When You Have No One But Yourself to Follow The Law of the Rubber Band: Growth Stops When You Lose the Tension Between Where You are and Where You Could Be The Law of Contribution: Developing Yourself Enables You to Develop OthersThis third book in John Maxwell's Laws series (following the 2-million seller The 21 Irrefutable Laws of Leadership and The 17 Indisputable Laws of Teamwork) will help you become a lifelong learner whose potential keeps increasing and never gets "used up."
- ASIN: 1599953676
- ISBN: 9781599953670
- Brand: FaithWords/Hachette Book Group
- Manufacturer: Center Street
Weapons of Math Destruction: How Big Data Increases Inequality and Threatens Democracy
Weapons of Math Destruction: How Big Data Increases Inequality and Threatens Democracy
Longlisted for the National Book AwardNew York Times BestsellerA former Wall Street quant sounds an alarm on the mathematical models that pervade modern life — and threaten to rip apart our social fabricWe live in the age of the algorithm. Increasingly, the decisions that affect our lives—where we go to school, whether we get a car loan, how much we pay for health insurance—are being made not by humans, but by mathematical models. In theory, this should lead to greater fairness: Everyone is judged according to the same rules, and bias is eliminated.But as Cathy O’Neil reveals in this urgent and necessary book, the opposite is true. The models being used today are opaque, unregulated, and uncontestable, even when they’re wrong. Most troubling, they reinforce discrimination: If a poor student can’t get a loan because a lending model deems him too risky (by virtue of his zip code), he’s then cut off from the kind of education that could pull him out of poverty, and a vicious spiral ensues. Models are propping up the lucky and punishing the downtrodden, creating a “toxic cocktail for democracy.” Welcome to the dark side of Big Data.Tracing the arc of a person’s life, O’Neil exposes the black box models that shape our future, both as individuals and as a society. These “weapons of math destruction” score teachers and students, sort résumés, grant (or deny) loans, evaluate workers, target voters, set parole, and monitor our health.O’Neil calls on modelers to take more responsibility for their algorithms and on policy makers to regulate their use. But in the end, it’s up to us to become more savvy about the models that govern our lives. This important book empowers us to ask the tough questions, uncover the truth, and demand change.— Longlist for National Book Award (Non-Fiction)— Goodreads, semi-finalist for the 2016 Goodreads Choice Awards (Science and Technology)— Kirkus, Best Books of 2016— New York Times, 100 Notable Books of 2... [Read More]
- ASIN: 0553418831
- ISBN: 0553418831
- Brand: Broadway Books
- Manufacturer: Broadway Books
Barbarians at the Gate: The Fall of RJR Nabisco
Barbarians at the Gate: The Fall of RJR Nabisco
The fight to control RJR Nabisco during October and November of 1988 was more than just the largest takeover in Wall Street history. Marked by brazen displays of ego not seen in American business for decades, it became the high point of a new gilded age, and its repercussions are still being felt. The ultimate story of greed and glory, Barbarians at the Gate is the gripping account of these two frenzied months, of deal makers and publicity flaks, of an old-line industrial powerhouse that became the victim of the ruthless and rapacious style of finance in the 1980s. Written with the bravado of a novel and researched with the diligence of a sweeping cultural history, here is the unforgettable story of the takeover in all its brutality.
- UPC: 884885262261
- ASIN: 0061655554
- ISBN: 0061655554
- Brand: Bryan Burrough
- Manufacturer: HarperBusiness
Step by Step Bond Investing: A Beginner's Guide to the Best Investments and Safety in the Bond Market (Step by Step Investing Book 3)
Step by Step Bond Investing: A Beginner's Guide to the Best Investments and Safety in the Bond Market (Step by Step Investing Book 3)
Ditch the Stock Market Game, Learn How to Get Safety and Returns in Bond InvestingOf all the opportunities to invest and make money, bond investing is likely one of the most neglected. Stocks are the get-rich investment, hyped by Wall Street and favored by investors. Commodities are widely used to hedge risk and to gamble on price changes. Even real estate is more widely held for its cash flow and other benefits.According to research by fund manager Vanguard, the average investor holds just15% of their portfolio in bonds. Since older investors typically hold much more of their investments in fixed-income, it's safe to assume that many younger investors are neglecting bond investment all together.What you might not realize is that bonds are critical to reaching your financial goals. No other investment provides the kind of safety and security you'll get from bonds and few other investments provide the kind of cash flow you'll get from these fixed-income opportunities.In fact, manage your bonds right and you might not need much more to meet your financial goals. You'll get stable returns for decades and won't have to worry about constant crashes in the stock market. You'll get nearly guaranteed cash flows to pay for expenses and the retirement you deserve.Putting a portfolio of bonds together that will meet your goals can be surprisingly easy if you know where to start. Understand bond basics and how to avoid the mistakes that cost other investors money and you'll find an investment that's easier to manage than any other while moving you closer to financial freedom.This book will do exactly that, help you put together a step-by-step investing strategy in bonds to understand how much of your portfolio to invest and how to do it. In this book you'll learn:* The five risks in bond investing, which can be reduced and how to avoid some altogether (pg 12)* Why investors neglect bonds and how you can use the asset class to reach your goals (pg 16)* The four types of bonds ... [Read More]
- ASIN: B01924JMO4
- Manufacturer: Efficient Alpha