Financial Modeling, 3rd Edition

Financial Modeling, 3rd Edition Review

Financial Modeling, 3rd Edition Overview

Too often, finance courses stop short of making a connection between textbook finance and the problems of real-world business. Financial Modeling bridges this gap between theory and practice by providing a nuts-and-bolts guide to solving common financial models with spreadsheets. Simon Benninga takes the reader step by step through each model, showing how it can be solved using Microsoft Excel.

The long-awaited third edition of this standard text maintains the "cookbook" features and Excel dependence that have made the first and second editions so popular. It also offers significant new material, with new chapters covering such topics as bank valuation, the Black-Litterman approach to portfolio optimization, Monte Carlo methods and their applications to option pricing, and using array functions and formulas. Other chapters, including those on basic financial calculations, portfolio models, calculating the variance-covariance matrix, and generating random numbers, have been revised, with many offering substantially new and improved material. Other areas covered include financial statement modeling, leasing, standard portfolio problems, value at risk (VaR), real options, duration and immunization, and term structure modeling. Technical chapters treat such topics as data tables, matrices, the Gauss-Seidel method, and tips for using Excel. The last section of the text covers the Visual Basic for Applications (VBA) techniques needed for the book. The accompanying CD contains Excel worksheets and solutions to end-of-chapter exercises.

Praise for the previous editions:

"Benninga has a clear writing style and uses numerous illustrations, which make this book one of the best texts on using Excel for finance that I've seen."
—Ed McCarthy, Ticker Magazine

"The author describes this as a 'cookbook' and that is a good analogy.... Its breadth is extensive, covering simple present valuing and cost of capital ... to the likes of real options and early exercise of American-style options.... A worthwhile acquisition."
—Paul Dentskevitch, Risk Magazine

"Financial Modeling is highly-recommended to readers who are interested in an introduction to basic, traditional approaches to financial modeling and analysis, as well as to those who want to learn more about applying spreadsheet software to financial analysis."
—Edward Weiss, Journal of Computational Intelligence in Finance

"Financial Modeling belongs on the desk of every finance professional. Its no-nonsense, hands-on approach makes it an indispensable tool."
—Hal R. Varian, Dean, School of Information Management and Systems, University of California, Berkeley

"This is applied finance theory for the professional at its best. As a student, I and countless others learnt the intricacies of Lotus and financial theory from Professor Benninga's first book—Numerical Techniques in Finance. Now, as a professional, I do not have to 're-invent the wheel' in Excel. An invaluable guide. A must for all financial analysts."
—Vikas Nath, Global Strategist, Emerging Equity Markets, Union Bank of Switzerland, London

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The Greatest Trade Ever: The Behind-the-Scenes Story of How John Paulson Defied Wall Street and Made Financial History

The Greatest Trade Ever: The Behind-the-Scenes Story of How John Paulson Defied Wall Street and Made Financial History Review

The Greatest Trade Ever: The Behind-the-Scenes Story of How John Paulson Defied Wall Street and Made Financial History Feature

• ISBN13: 9780385529945
• Condition: New
• Notes: BRAND NEW FROM PUBLISHER! BUY WITH CONFIDENCE, Over one million books sold! 98% Positive feedback. Compare our books, prices and service to the competition. 100% Satisfaction Guaranteed

The Greatest Trade Ever: The Behind-the-Scenes Story of How John Paulson Defied Wall Street and Made Financial History Overview

In 2006, hedge fund manager John Paulson realized something few others suspected--that the housing market and the value of subprime mortgages were grossly inflated and headed for a major fall.  Paulson's background was in mergers and acquisitions, however, and he knew little about real estate or how to wager against housing.  He had spent a career as an also-ran on Wall Street. But Paulson was convinced this was his chance to make his mark. He just wasn't sure how to do it.  Colleagues at investment banks scoffed at him and investors dismissed him.  Even pros skeptical about housing shied away from the complicated derivative investments that Paulson was just learning about.  But Paulson and a handful of renegade investors such as Jeffrey Greene and Michael Burry began to bet heavily against risky mortgages and precarious financial companies. Timing is everything, though. Initially, Paulson and the others lost tens of millions of dollars as real estate and stocks continued to soar. Rather than back down, however, Paulson redoubled his bets, putting his hedge fund and his reputation on the line.
     In the summer of 2007, the markets began to implode, bringing Paulson early profits, but also sparking efforts to rescue real estate and derail him. By year's end, though, John Paulson had pulled off the greatest trade in financial history, earning more than billion for his firm--a figure that dwarfed George Soros's billion-dollar currency trade in 1992.  Paulson made billions more in 2008 by transforming his gutsy move.  Some of the underdog investors who attempted the daring trade also reaped fortunes. But others who got the timing wrong met devastating failure, discovering that being early and right wasn't nearly enough.
     Written by the prizewinning reporter who broke the story in The Wall Street Journal, The Greatest Trade Ever is a superbly written, fast-paced, behind-the-scenes narrative of how a contrarian foresaw an escalating financial crisis--that outwitted Chuck Prince, Stanley O'Neal, Richard Fuld, and Wall Street's titans--to make financial history.


From the Hardcover edition.

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Money, Banking and Financial Markets

Money, Banking and Financial Markets Review

Money, Banking and Financial Markets Overview

Cecchetti & Schoenholtz Money, Banking, and Financial Markets, 3rd edition offers a fresh, modern, and more student-friendly approach. Students will find the material relevant and interesting because of the book’s unique emphasis on the Five Core Principles, the early introduction of risk, and an integrated global perspective. By focusing on the big picture via core principles, Cecchetti & Schoenholtz teaches students the rationale for financial rules and institutional structure so that even when the financial system evolves, students’ knowledge will not be out of date.

The worldwide financial crisis of 2007‐2009 was the most severe since that of the 1930s, and the recession that followed was the most widespread and costly since the Great Depression. Around the world, it cost tens of millions of workers their jobs. In the United States, millions of families lost their homes and their wealth. To stem the crisis, governments and central banks took aggressive and, in many ways, unprecedented actions. As a result, change will be sweeping through the world of banking and financial markets for years to come. Just as the crisis is transforming the financial system and government policy, it is transforming the study of money and banking. Against this background, students who memorize the operational details of today’s financial system are investing in a short‐lived asset. Cecchetti & Schoenholtz Money, Banking, and Financial Markets, 3e focuses on the basic functions served by the financial system while deemphasizing its current structure and rules. Learning the economic rationale behind current financial tools, rules, and structures is much more valuable than concentrating on the tools, rules, and structures themselves. Students will gain the ability to understand and evaluate whatever financial innovations and developments they confront.

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What Every Real Estate Investor Needs to Know About Cash Flow... And 36 Other Key Financial Measures

What Every Real Estate Investor Needs to Know About Cash Flow... And 36 Other Key Financial Measures Review

What Every Real Estate Investor Needs to Know About Cash Flow... And 36 Other Key Financial Measures Overview

  Formulas that make the difference between making profits and losing equity The only way to win the real estate investing game is by mastering the numbers. This revised and updated edition of the popular reference shows how to target the best investments in the present market. It answers all your real estate questions, and provides new discussions of capital accumulation and internal rate of return. This book‘s basic formulas will help you measure critical aspects of real estate investments, including  Discounted Cash Flow Net Present Value Capitalization Rate Cash-on-Cash Return Net Operating Income Internal Rate of Return Profitability Index Return on Equity

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Option Trading in Your Spare Time: A Guide to Financial Independence for Women

Option Trading in Your Spare Time: A Guide to Financial Independence for Women Review

Option Trading in Your Spare Time: A Guide to Financial Independence for Women Overview

This book, geared specifically toward women, describes how to be a successful option trader, even if you hold down a full-time job or are a full-time stay-at-home mom.

While option trading is definitely not a risk-free method of investment, for women who have a few hundred extra dollars that they want to use to break into investing, option trading can be a lucrative way to make money.

This book explains what everything means and how to be an option trader in easy-to-understand, step-by-step ways that makes it great for the beginner or the more advanced investor. It is primarily focused on trading online and tells you what you need to know to better your chances of being successful.

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The Little Book of Bulletproof Investing: Do's and Don'ts to Protect Your Financial Life (Little Books. Big Profits)

The Little Book of Bulletproof Investing: Do's and Don'ts to Protect Your Financial Life (Little Books. Big Profits) Review

Are you a novice trying to learn how to play the investing game? In The Little Book of Bulletproof Investing by Ben Stein and Phil DeMuth, you learn in a simple and easy to understand way the sociology of an investor and some of the most common tendencies and misconceptions of those trying to play the stock market investing game, both novice and guru alike.

Have you ever wondered what stocks and companies to invest in? What about the best way to diversify yourself in your stock portfolio? How about when to buy and when to sell your stock? I had questions like these that were answered by reading this book. Being young and somewhat ignorant to Wall Street and how to actually start investing some of my earnings, I picked up this book and found what I read very insightful for a beginning investor. Some of the advice was a no-brainer but there was also some very sound advice that I had never considered. Every time you decide to put your money into something you always run the risk of losing it.

This book is about how to build investing strategies to help "bulletproof" your investing. If you are hoping to find a book with a secret ingredient for making money through investing with no risk, it won't happen. The Authors said, "While we cannot control the outcome, we can control our strategy. We can try to prepare intelligently for this unknown future." There are tried and proved principles that can help you manage your risk.

I would recommend this book for anyone who is looking for a quick introduction into stock market investing do's and don'ts. Some advice I thought was well thought out was, "we need to take on more stress from our investments today so we can have less financial stress in our lives later." This book is a great easy read and really gives a real 101 look at stock market investing strategies and best practices for everyone.

The Little Book of Bulletproof Investing: Do's and Don'ts to Protect Your Financial Life (Little Books. Big Profits) Feature

• ISBN13: 9780470568057
• Condition: New
• Notes: BRAND NEW FROM PUBLISHER! BUY WITH CONFIDENCE, Over one million books sold! 98% Positive feedback. Compare our books, prices and service to the competition. 100% Satisfaction Guaranteed

The Little Book of Bulletproof Investing: Do's and Don'ts to Protect Your Financial Life (Little Books. Big Profits) Overview

Investing do's and don'ts from some of the most recognizable voices in personal finance

It's been a tough year for investors. Many have seen their retirement accounts dwindle dramatically and are looking for a safe way to protect what they have and make back some of what they've lost. That's why the bestselling author team of Ben Stein and Phil DeMuth have created The Little Book of Investing Do's and Don'ts.

When you invest, there are essential things you should do and many things you shouldn't. The Little Book of Investing Do's and Don'ts addresses this issue and shows you how to utilize the fundamentals of finance to achieve success in today's market. This practical guide contains proven advice on navigating today's treacherous financial landscape and will put you in a better position to make more informed investment decisions.

• Includes street-smart advice for the individual investor uncertain about their investment and retirement portfolios
• Written by a experienced team of bestselling authors whose investment advice is accessible to everyone
• Outlines the steps you must take to protect yourself from the financial calamities of modern life

The Little Book of Investing Do's and Don'ts offers quick, easy-to-follow, and entertaining advice for anyone looking to get back on the right investment track.

The Little Book of Bulletproof Investing: Do's and Don'ts to Protect Your Financial Life (Little Books. Big Profits) Specifications

Investing do's and don'ts from some of the most recognizable voices in personal finance

It's been a tough year for investors. Many have seen their retirement accounts dwindle dramatically and are looking for a safe way to protect what they have and make back some of what they've lost. That's why the bestselling author team of Ben Stein and Phil DeMuth have created The Little Book of Bulletproof Investing.

When you invest, there are essential things you should do and many things you shouldn't. The Little Book of Bulletproof Investing addresses this issue and shows you how to utilize the fundamentals of finance to achieve success in today's market. This practical guide contains proven advice on navigating today's treacherous financial landscape and will put you in a better position to make more informed investment decisions.

• Includes street-smart advice for the individual investor uncertain about their investment and retirement portfolios
• Written by a experienced team of bestselling authors whose investment advice is accessible to everyone
• Outlines the steps you must take to protect yourself from the financial calamities of modern life

The Little Book of Bulletproof Investing offers quick, easy-to-follow, and entertaining advice for anyone looking to get back on the right investment track.

Do’s & Don’ts to Protect Your Financial Life

• DON’T assume that just because you are capable of managing your finances by yourself you will be better off in the long run if you do.

• DO trade as infrequently as possible.

• DON’T give any weight to market forecasts. All opinion pro and con is already built into the price of equities today.

• DO buy and hold; don’t buy and sell.

• DON’T assume that because you own a bunch of different-sounding mutual funds your investments are diversified.

• DO diversify globally with your stock and bond holdings.

• DON’T buy into a red-hot real estate market.

• DO park assets where they will suffer the least at the hands of the taxman.

• DON’T take Social Security as soon as you are eligible. It often pays to delay.

• DO postpone retirement as long as possible. The safest time to retire is never.

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The Ascent of Money: A Financial History of the World

The Ascent of Money: A Financial History of the World Review

A number of years ago, I fell in love with the three volumes of "History of Commerce" written by Fernand Braudel. The French historian's sweeping narrative of the rise and evolution of the many elements that became the foundation of the modern global economy overflowed with the details that can bring a dry story to life. While Niall Ferguson may or may not relish his name and his writing being linked to Fernand Braudel, but I often recalled that earlier work as I read the British historian's new single volume "The Ascent of Money, A Financial History of the World."

With a more modest ambition, Ferguson is able in just six chapters to recount the story of the adoption and evolution of money in its various forms, drawing on history, economic theory, political science, and behavioral psychology among other fields, to present his story of our world financial system. Beginning with the creation and evolution of money itself, both currency and coinage, he proceeds to discuss bonds, investment bubbles, risk management, real estate (especially domestic residential real estate), and the place and future role of the U.S. dollar in the world financial system.

With his book hitting the stores just as we entered the latest economic recession, Ferguson attempted perhaps unwisely to reframe his work without rewriting it and emphasize those aspects that related to the suspected root causes of this still ongoing crisis. His effort was not a failure but to a degree distracts the reader from the book's more general, fundamental relevance and value.

Compared to Braudel's delightful though admittedly encyclopedic approach, Ferguson's is a speed skater's version of the story and I believe both deserve a place in your library.

The Ascent of Money: A Financial History of the World Overview

A richly original look at the origins of money and how it makes the world go 'round

Niall Ferguson follows the money to tell the human story behind the evolution of our financial system, from its genesis in ancient Mesopotamia to the latest upheavals on what he calls Planet Finance. What's more, Ferguson reveals financial history as the essential backstory behind all history, arguing that the evolution of credit and debt was as important as any technological innovation in the rise of civilization. As Ferguson traces the crisis from ancient Egypt's Memphis to today's Chongqing, he offers bold and compelling new insights into the rise- and fall-of not just money but Western power as well.

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Financial Accounting: Tools for Business Decision Making

Financial Accounting: Tools for Business Decision Making Review

the book is in great shape, and it also came with the thoughtful inclusion of about 100 pages of relevant course materials that i can also learn from. very satisfied with the price & quality. :)

Financial Accounting: Tools for Business Decision Making Overview

Financial Accounting, 5^th Edition provides students with an understanding of fundamental concepts necessary to use accounting effectively. Starting with a “macro” view of accounting information, the authors present real financial statements. They establish how a financial statement communicates the financing, investing, and operating activities of a business to users of accounting information. Kimmel, Weygandt and Kieso motivate students by grounding the discussion in the real world, showing them the relevance of the topics covered to their future.

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