"A fascinating new perspective on modern finance," --Oliver Hart, 2016 Nobel Laureate in Economics
"Lucid, witty and delightfully erudite...From the French revolution to film noir, from the history of probability to Jane Austen and The Simpsons, thisÂ is an astonishing intellectual feast." --Sebastian Mallaby, author of The Man Who Knew: The Life and Times of Alan Greenspan
In 1688, essayist Josef de la Vega described finance as both âthe fairest and most deceitful business . . . the noblest and the most infamous in the world, the finest and most vulgar on earth.â
The characterization of finance as deceitful, infamous, and vulgar still rings true today â particularly in the wake of the 2008 financial crisis. But, what happened to the fairest, noblest, and finest profession that de la Vega saw?Â
De la Vega hit on an essential truth that has been forgotten: finance can be just as principled, life-affirming, and worthy as it can be fraught with questionable practices.Â Today, finance is shrouded in mystery for outsiders, while many insiders are uneasy with the disrepute of their profession.Â How can finance become more accessible and also recover its nobility?
Harvard Business School professor Mihir Desai, in his âlast lectureâ to the graduating Harvard MBA class of 2015, took up the cause of restoring humanity to finance. With incisive wit and irony, his lecture drew upon a rich knowledge of literature, film, history, and philosophy to explain the inner workings of finance in a manner that has never been seen before.
This book captures Desaiâs lucid exploration of the ideas of finance as seen through the unusual prism of the humanities. Through this novel, creative approach, Desai shows that outsiders can access the underlying ideas easily and insiders can reacquaint themselves with the core humanity of their profession.
The mix of finance and the humanities creates unusual pairings: Jane Austen and Anthony Trollope are guides to risk management; Jeff Koons becomes an advocate of leverage; and Mel Brooksâs The Producers teaches us about fiduciary responsibility. In Desaiâs vision, the principles of finance also provide answers to critical questions in our lives. Among many surprising parallels, bankruptcy teaches us how to react to failure, the lessons of mergers apply to marriages, and the Capital Asset Pricing Model demonstrates the true value of relationships. THE WISDOM OF FINANCE is a wholly unique book, offering a refreshing new perspective on one of the worldâs most complex and misunderstood professions.Â Â Â
A completely revised and updated fourth edition of the New York Times bestseller, designed to guide younger adults through the world of personal finance.
More than ever before, people in their twenties and thirties need help getting their financial lives in order. And who could blame them?
These so-called millennials have come of age in the wake of the worst economic crisis in memory, and are now trying to get by in its aftermath. They owe record levels of student loan debt, face sky-high rents, and struggle to live on a budget in an uncertain economy.
Itâs time for them to get a financial life.
For two decades, Beth Koblinerâs bestseller has been the financial bible for people in their twenties and thirties. With her down-to-earth style, she has taught them how to get out of debt, learn to save, and invest for their futures. In this completely revised and updated edition, Kobliner shares brand-new insights and concrete, actionable advice geared to help a new generation of readers form healthy financial habits that will last a lifetime. With fresh material that reflects the changing digital world, Get a Financial Life remains an essential tool for young people learning how to manage their money.
From tackling taxes to boosting credit scores, Get a Financial Life can show those just starting out how to decrease their debt, avoid common money mistakes, and navigate the world of personal finance in todayâs ever-changing landscape.
The math, formulas, and problems associated with corporate finance can be daunting to the uninitiated. Corporate Finance For Dummies introduces you to the practices of determining an operating budget, calculating future cash flow, and scenario analysis in a friendly, un-intimidating way that makes comprehension easy.
Corporate Finance For Dummies covers everything you'll encounter in a course on corporate finance, including accounting statements, cash flow, raising and managing capital, choosing investments; managing risk; determining dividends; mergers and acquisitions; and valuation.
Serves as an excellent resource to supplement coursework related to corporate finance
Gives you the tools and advice you need to understand corporate finance principles and strategies
Provides information on the risks and rewards associated with corporate finance and lending
With easy-to-understand explanations and examples, Corporate Finance For Dummies is a helpful study guide to accompany your coursework, explaining the tough stuff in a way you can understand.
Understand personal finance and put your money to work!
Is your money working to increase your wealth? If not, it's time to take stock of your financial situation. Personal Finance For Dummies, 8th Edition offers time-tested financial tips and advice on how to continue to grow your financial assets in light of the changing market and economic conditions. A new breed of fiscal consciousness has arisenâand it's high time for you to join the movement by taking control over your financial life. This relevant text guides you through major financial subject areas, such as budgeting, saving, getting out of debt, making timely investment choices, and planning for the future. By looking at all aspects of your financial wellbeing, you can pinpoint the areas in which you need to change your strategy, and can identify how you can use the assets you have to continue to grow and protect your wealth.
Personal finance is an important topic, as your financial wellbeing has an integral impact on so many aspects of your life. Taking the pulse of your finances every now and then is critical to ensuring that you're on the right trackâand to identifying the areas in which you can improve your financial strategies.
Explore time-tested financial tips and advice that help improve your financial wellbeing
Consider how different aspects of your financial life work with and against one another, and how to bring them into alignment to enhance your overall financial situation
Discover updated recommendations and strategies that account for changing market and economic conditions
Look at your financial situation from a new perspective, and understand what you can do to improve it
Personal Finance For Dummies, 8th Edition shows you how to take stock of your financial situation and put your money to work.
More than 5,000 terms related to stocks, bonds, mutual funds, banking, tax laws, and transactions in the various financial markets are presented alphabetically with descriptions. The new ninth edition has been updated to take account of new financial regulations and recent dramatic swings in equities, credit, and other financial developments. Readers will also find a list of financial abbreviations and acronyms, as well as illustrative diagrams and charts. Hereâs a valuable, thorough dictionary for business students, financial professionals, or private investors.
This updated edition defines and explains key financial terms and discusses topics that includeÃ¢â¬â
Business types and taxation methods Ã¢â¬Â¢ The value of money over time
Capital budgeting Ã¢â¬Â¢ Investing and financing Ã¢â¬Â¢ Dividend policy
Investment decisions based on financial derivatives
Financial analysis Ã¢â¬Â¢ Managing working capital
Analyzing financial statements
Using financial software, and much more.
Books in BarronÃ¢â¬â¢s Business Review Series are intended mainly for classroom use, and include review questions with answers. They make fine supplements to main texts when included in college-level business courses.
Finance for Normal People teaches behavioral finance to people like you and me - normal people, neither rational nor irrational. We are consumers, savers, investors, and managers - corporate managers, money managers, financial advisers, and all other financial professionals.
The book guides us to know our wants-including hope for riches, protection from poverty, caring for family, sincere social responsibility and high social status. It teaches financial facts and human behavior, including making cognitive and emotional shortcuts and avoiding cognitive and emotional errors such as overconfidence, hindsight, exaggerated fear, and unrealistic hope. And it guides us to banish ignorance, gain knowledge, and increase the ratio of smart to foolish behavior on our way to what we want.
These lessons of behavioral finance draw on what we know about us-normal people-including our wants, cognition, and emotions. And they draw on the roles of these factors in saving and spending, portfolio construction, returns we can expect from our investments, and whether we can hope to beat the market.
Meir Statman, a founder of behavioral finance, draws on his extensive research and the research of many others to build a unified structure of behavioral finance. Its foundation blocks include normal behavior, behavioral portfolio theory, behavioral life-cycle theory, behavioral asset pricing theory, and behavioral market efficiency.
Students and business owners alike are sure to find that this 3-panel (6-page) guide is an invaluable source of comprehensive, up-to-date information regarding key financial principles and methodologies, as well as the formulas and equations that apply to them. Easy-to-use icons help users go right to the equations and formulas they need to learn, and call out helpful tips to use, common pitfalls to avoid, and critical points to remember.
Note: This book is a stand-alone book and doesn't include access code.
The best-selling Fundamentals of Corporate Finance (FCF) has three basic themes that are the central focus of the book: 1) An emphasis on intuitionâthe authors separate and explain the principles at work on a common sense, intuitive level before launching into any specifics. 2) A unified valuation approachânet present value (NPV) is treated as the basic concept underlying corporate finance. 3) A managerial focusâthe authors emphasize the role of the financial manager as decision maker, and they stress the need for managerial input and judgment.
The Eleventh Edition continues the tradition of excellence that has earned Fundamentals of Corporate Finance its status as market leader. McGraw-Hillâs adaptive learning component, LearnSmart, provides assignable modules that help students master chapter core concepts and come to class more prepared. In addition, resources within Connect help students solve financial problems and apply what theyâve learned. Ross Fundamentalsâ intuitive approach, managerial focus, and strong end-of-chapter content combine with a complete digital solution to help your students achieve higher outcomes in the course.