An up close look at an investment strategy that can handle today's uncertain financial environment Market uncertainty cannot be eliminated. So rather than attempt to do away with it, why not embrace it? That is what this book is designed to do. The Permanent Portfolio takes you through Harry Browne's Permanent Portfolio approach—which can weather a wide range of economic conditions from inflation and deflation to recession—and reveals how it can help investors protect and grow their money. Written by Craig Rowland and Mike Lawson, this reliable resource demonstrates everything from a straightforward four-asset Exchange Traded Fund (ETF) version of the strategy all the way up to a sophisticated approach using Swiss bank storage of selected assets for geographic and political diversification. In all cases, the authors provide step-by-step guidance based upon personal experience. This timeless strategy is supported by more than three decades of empirical evidence The authors skillfully explain how to incorporate the ideas of the Permanent Portfolio into your financial endeavors in order to maintain, protect, and grow your money Includes select updates of Harry Browne's Permanent Portfolio approach, which reflect our changing times The Permanent Portfolio is an essential guide for investors who are serious about building a better portfolio.
The ability of a nation to finance its basic infrastructure is essential to its economic well-being in the 21st century. This second edition of State and Local Financial Instruments covers the municipal securities market in the United States from the perspective of its primary capital financing role in a fiscal federalist system, where subnational governments are responsible for financing the nationÕs essential physical infrastructure.
The 12th edition of Organic Chemistry continues Solomons, Fryhle & Snyder's tradition of excellence in teaching and preparing students for success in the organic classroom and beyond. A central theme of the authors' approach to organic chemistry is to emphasize the relationship between structure and reactivity. To accomplish this, the content is organized in a way that combines the most useful features of a functional group approach with one largely based on reaction mechanisms. The authors' philosophy is to emphasize mechanisms and their common aspects as often as possible, and at the same time, use the unifying features of functional groups as the basis for most chapters. The structural aspects of the authors' approach show students what organic chemistry is. Mechanistic aspects of their approach show students how it works. And wherever an opportunity arises, the authors' show students what it does in living systems and the physical world around us.
You’re beyond the basics—so dive in and really put your spreadsheet skills to work! This supremely organized reference is packed with hundreds of timesaving solutions, troubleshooting tips, and workarounds. It’s all muscle and no fluff. Learn how the experts tackle Excel 2013—and challenge yourself to new levels of mastery. Includes companion eBook and sample files. Topics include: Customizing the Excel workspace Best practices for designing and managing worksheets Creating formulas and functions Performing statistical, what-if, and other data analysis Core to advanced charting techniques Using graphics and sparklines Managing databases and tables Automating Excel with macros and custom functions Collaborating in Excel online, in the cloud, and more Extending Excel
The past twenty years have seen an extraordinary growth in the use of quantitative methods in financial markets. Finance professionals now routinely use sophisticated statistical techniques in portfolio management, proprietary trading, risk management, financial consulting, and securities regulation. This graduate-level textbook is intended for PhD students, advanced MBA students, and industry professionals interested in the econometrics of financial modeling. The book covers the entire spectrum of empirical finance, including: the predictability of asset returns, tests of the Random Walk Hypothesis, the microstructure of securities markets, event analysis, the Capital Asset Pricing Model and the Arbitrage Pricing Theory, the term structure of interest rates, dynamic models of economic equilibrium, and nonlinear financial models such as ARCH, neural networks, statistical fractals, and chaos theory. Each chapter develops statistical techniques within the context of a particular financial application. This exciting new text contains a unique and accessible combination of theory and practice, bringing state-of-the-art statistical techniques to the forefront of financial applications. Each chapter also includes a discussion of recent empirical evidence, for example, the rejection of the Random Walk Hypothesis, as well as problems designed to help readers incorporate what they have read into their own applications.
Keeping horses comfortable and sound can be a complicated and often times stressful process not only for the owner, but also for hoof care professionals. The author started her learning journey out of personal frustration with these issues. Her goal was initially just to find solutions for her own horses. Eventually her hoof research provided results applicable to every horse. This book is a new look at the hoof, focusing on a detailed look at its morphology (shape) and function, and discussing implications for how the hoof should be trimmed and cared for. A must for anyone wishing to be well-versed in the hoof, readers will gain new insights from this book not found in other hoof related publications. This book contains over 300 color images of the foot and will be an excellent addition to your hoof care resources.
Climate Change and the Private Sector explores the challenges of transforming our energy infrastructure to become carbon neutral and adapting to climate change in the twenty-first century. It examines the critical role that the private sector must play in these challenges. To transform the global energy complex to be carbon neutral within a time frame designed to prevent irreparable damage to the environment presents unprecedented challenges. The private sector must deploy financial, material, and engineering resources on a scale never before undertaken — with government providing leadership, removing barriers and supporting industry efforts through policies that mobilize markets to achieve environmental objectives. A key element of supporting private sector initiative to address climate change is policies that help form and sustain markets that supply, finance and generate demand for the technologies necessary to transform our energy infrastructure. The characteristics and examples of these policies are explored in detail. Companies that respond to these challenges both by mitigating greenhouse gases and adapting to climate change will enhance their own competitiveness and contribute to society in the process. Companies that embrace the challenge to decarbonize their manufacturing operations, whether in response to regulation (or the threat of regulation) or market opportunities, invariably discover ways to improve their operations in the process that could potentially enhance their ability to produce better products, more efficiently. The book explores examples of companies that have redesigned their products and manufacturing processes, and in doing so transformed themselves and reshaped their industries. As in the case of companies mitigating greenhouse gas emissions, companies that lead their industries in adapting their own operations to a changing physical environment are more likely to ensure their resilience in a changing business environment. This book provides business, policy and academic audiences with an in-depth exploration of the subject, and a practical guide to action.
For both aspiring and experienced education leaders in school budgeting, finance, and resource management courses, Money and Schools explains and demonstrates the relationship between money and equality of educational opportunity in a way that is clear, precise, and engaging. Grounded in research and best practices, this book provides a broad overview of school finance, budgeting, and resource allocation, an understanding of the underlying economic, social, legal, and political principles that drive how schools are funded, as well as a detailed examination of day-to-day funding operations. Rich pedagogical features include chapter opening challenges, chapter drivers, point/counterpoint discussions, case studies, and recommended resources. This accessible and engaging book offers strong connections to real-world experiences and detailed information on pre-K–12 funding history, concepts, and current operations. New to this edition: Coverage of environmental sustainability and other emerging trends in this unprecedented uncertainty of schools' economic and social environment. Updates to references and overall funding changes since the previous edition. Revised end-of-chapter activities and additional resources that are aligned with the key concepts and content of each chapter. Updated supplemental downloads, including editable PowerPoints.
Tackling environmental issues such as global warming, ozone depletion, acid rain, water pollution, and soil contamination requires an understanding of the underlying science and chemistry of these processes in real-world systems and situations. Chemistry for Environmental and Earth Sciences provides a student-friendly introduction to the bas
Live Long Live Rich is the first guide for people who want to know how to invest to create retirement income. Retirement is a new chapter in your life and should be a time free from worry. Live Long Live Rich provides the tools and practical advice you'll need to enjoy this time of your life like no other. Every word of this book was written with that in mind. For 20 years H Craig Rappaport has been helping individuals with retirement income planning. Rappaport is a graduate of Northeastern University with a degree in Finance and an Accredited Wealth Management Advisor from the University of Pennsylvania, Wharton School. He is a Financial Planning Specialist, A Guided Portfolio Manager, and a National Football League Players Association Advisor. Specializing in retirement, Rappaport has appeared in the Wall Street Journal, Fox News, CNN Headline News, The Dow Jones News Service as well as many television shows, magazines and newspapers. He has created the Rappaport Retirement Index with guidance from the U.S. Bureau of Labor and Statistics for use as a guide to income planning. Rappaport's unique ability to explain complex investments in simple, easy to understand terms has kept the media coming back time and time again and is why he has written Live Long Live Rich, which is quickly becoming the investors' "Income Bible." The included software has won the following awards from PC World and Readers Digest, who included it in their list of "Best Retirement Planning Software" . Family PC Magazine calls it "a top notch product" Bloomberg Personal Finance says it's an "easy to use retirement planner" Barrons refers to it as "a good simple tool" Life Insurance Magazine describes it as "fastand intuitive." Retirement Planner is a snap to use and may represent the leading edge in a new kind of illustrative software. The user will "get" everything right away.
Valuations of Interest-Sensitive Financial Instruments provides in-depth analysis of the development and underpinnings of models that are essential to the financial analyst or valuation actuary. Complete coverage includes: spot and forward interest rates, discrete- and continuous-time one-factor models, multi-factor discrete- and continuous-time models, and simulation approaches.
Authored text sections and carefully selected accompanying readings that illustrate the questions and controversies legal scholars and court researchers are investigating in the 21st century. Edited readings introduce students to classic studies of the criminal court system and to cutting edge research on decision making by court actors. An introduction to each reading gives students an overview of the purpose, main points, and conclusion of each article and evaluates their policy implications. How to Read a Research Article- tied to the first reading in the book-guides students in understanding and learning from the research articles. Mini-chapters precede the selection of readings and offer clear and concise explanations of key terms and concepts in each section, coupled with boxes with special interest topics and review materials that enhance student comprehension.
For both aspiring and experienced education leaders in school budgeting, finance, and resource management courses, Money and Schools explains and demonstrates the relationship between money and equality of educational opportunity. Grounded in research and best practices, this book provides a broad overview of school finance, budgeting, and resource allocation, as well as a detailed examination of day-to-day funding operations. This accessible and engaging book offers strong connections to real-world experiences and detailed information on pre-K–12 funding history, concepts, and current operations. New to this edition: • Cutting edge research on the relationship of money and student learning outcomes, alterations to state aid distribution formulas, new federal education initiatives, and a changing landscape in school finance litigation. • New concepts that have gained traction since the last edition of the book, including school choice and privatization, Common Core State Standards, value-added teacher evaluation, and growth of online options at the K–12 level. • Updated end-of-chapter activities and additional resources that are aligned with the key concepts and content of each chapter. • Online instructor resources
The new 12th edition of Life: The Science of Biology continues to be engaging, active, and focused on teaching the skills that students need to master the majors biology course. New pedagogical features work in conjunction with powerful updates to the online suite of materials in Achieve to support the mission of Life by teaching students the skills and understanding of experimentation and data they need to succeed in introductory biology and ultimately in their future STEM careers. Life’s potent combination of expertly crafted media, assessment, pedagogy and engagement makes this new edition the best resource yet for biology students.
Overviews funding concepts, daily funding operations, and the future of school funding, with discussion of the effect of money on schools, the structure of school governance, basic funding structures, budget planning, legal liability, site-based leadership, and budgeting for various aspects of schools, such as instruction and school infrastructure. Of interest to school administrators, classroom teachers, and board of education members. This edition contains follow-up projects after each chapter, updated information on school- based budgeting and accountability, and expanded coverage of funding issues and policy perspectives. Thompson is affiliated with Kansas State University; Wood is with the University of Florida. c. Book News Inc.
In the first book of its kind, Turnbull traces the development and implementation of actuarial ideas, from the conception of Equitable Life in the mid-18th century to the start of the 21st century. This book analyses the historical development of British actuarial thought in each of its three main practice areas of life assurance, pensions and general insurance. It discusses how new actuarial approaches were developed within each practice area, and how these emerging ideas interacted with each other and were often driven by common external factors such as shocks in the economic environment, new intellectual ideas from academia and developments in technology. A broad range of historically important actuarial topics are discussed such as the development of the blueprint for the actuarial management of with-profit business; historical developments in mortality modelling methods; changes in actuarial thinking on investment strategy for life and pensions business; changing perspectives on the objectives and methods for funding Defined Benefit pensions; the application of risk theory in general insurance reserving; the adoption of risk-based reserving and the Guaranteed Annuity Option crisis at the end of the 20th century. This book also provides an historical overview of some of the most important external contributions to actuarial thinking: in particular, the first century or so of modern thinking on probability and statistics, starting in the 1650s with Pascal and Fermat; and the developments in the field of financial economics over the third quarter of the twentieth century. This book identifies where historical actuarial thought heuristically anticipated some of the fundamental ideas of modern finance, and the challenges that the profession wrestled with in reconciling these ideas with traditional actuarial methods. Actuaries have played a profoundly influential role in the management of the United Kingdom’s most important long-term financial institutions over the last two hundred years. This book will be the first to chart the influence of the actuarial profession to modern day. It will prove a valuable resource for actuaries, actuarial trainees and students of actuarial science. It will also be of interest to academics and professionals in related financial fields such as accountants, statisticians, economists and investment managers.
This book with accompanying CD-ROM gives readers the necessary information and skills they'll need to build step-by-step financial models in Excel. Updated coverage keeps this book current and relevant, and practical, real-world examples provide exciting learning opportunities. The book progresses from simple examples to more complex topics, including Portfolio Optimization that uses real data on 20 stocks to calculate the efficient frontier, the tangent line, the weights of the tangent portfolio, and then graph everything; US Yield Curve Dynamics that shows a movie of 30 years of monthly zero-coupon yield curves highlighting the dynamics of the US yield curve history; and a 50-Period Binomial Option Pricing model using a stock volatility that readers can estimate from real data. Other subjects addressed are bonds/fixed income securities; stocks/security analysis; and options/futures/derivatives. An excellent resource tool for security and stock analysts, brokers, and financial planners.
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