{"product_id":"forbes-guide-to-the-markets-isbn-9780470463383","title":"Forbes Guide to the Markets","description":"\u003cp\u003eFrom the leader in financial information, a fully updated guide to investing in today's markets\u003c\/p\u003e \u003cp\u003eThis accessible book is a practical guide to the financial markets. Designed to help both the new and experienced investor gain sufficient understanding and knowledge to invest wisely and confidently in today's turbulent markets, it covers all the elements necessary to become financially street smart-from products, players, and procedures to rules, regulators, and risk\/reward trade-offs.\u003c\/p\u003e \u003cp\u003eFilled with solid investment principles, the \u003ci\u003eForbes Guide to the Markets, Second Edition\u003c\/i\u003e is completely revised and updated to reflect new trends and changes in the markets.\u003c\/p\u003e \u003cul\u003e \u003cli\u003eNew topics discussed include the introduction and implementation of ETFs, the role of hedge funds, and the effects of the subprime crisis\u003c\/li\u003e \u003cli\u003eUpdated and revised chapters contain buying and selling techniques, fundamental, technical and quantitative analysis, and futures and options information\u003c\/li\u003e \u003cli\u003eHighlights key terms and contains a complete glossary\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eAn essential resource for both the new or seasoned investor, this authoritative resource is a must-read for anyone aspiring to become a savvy investor.\u003c\/p\u003e \u003cp\u003eAcknowledgments xi\u003c\/p\u003e \u003cp\u003eNote to the Reader xiii\u003c\/p\u003e \u003cp\u003eAbout the Author xv\u003c\/p\u003e \u003cp\u003eIntroduction: Becoming a Savvy Investor xvii\u003c\/p\u003e \u003cp\u003e\u003cb\u003eSection I Establishing a Frame of Reference 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter One From “Dumb” Barter to Intelligent Agents 3\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter Two Point-Counterpoint 13\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eStocks 14\u003c\/p\u003e \u003cp\u003eMutual Funds 14\u003c\/p\u003e \u003cp\u003eBonds 15\u003c\/p\u003e \u003cp\u003eETFs 15\u003c\/p\u003e \u003cp\u003eOptions 15\u003c\/p\u003e \u003cp\u003eFutures 16\u003c\/p\u003e \u003cp\u003eSummary 16\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter Three Confronting Information Overload 17\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eInvestor Constraints 18\u003c\/p\u003e \u003cp\u003eInvestor Choices 19\u003c\/p\u003e \u003cp\u003eInvestor Safety 21\u003c\/p\u003e \u003cp\u003e\u003cb\u003eSection II Stocks and Equity Markets 23\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter Four Varieties of Stocks 27\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eJust What is a Security, Anyway? 27\u003c\/p\u003e \u003cp\u003eIssuers and Underwriters: Why Does a Corporation Sell Stock to the Public? 29\u003c\/p\u003e \u003cp\u003eWhy Investors Buy Stock 34\u003c\/p\u003e \u003cp\u003eSumming Up Total Return: Dividends and Capital Gains 35\u003c\/p\u003e \u003cp\u003eA Letter to Our Shareholders: Annual and Quarterly Reports (and Filings) 41\u003c\/p\u003e \u003cp\u003eMaking Sense of Types, Classes, and Other Stock Categories: A Map of the World of Stock 41\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter Five Stock Markets 47\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Big Board 48\u003c\/p\u003e \u003cp\u003eThe Incredible Growth of Trading and Capital 58\u003c\/p\u003e \u003cp\u003eNational Association of Securities Dealers Automated Quotation System (NASDAQ) 61\u003c\/p\u003e \u003cp\u003eTechnology, Dark Pools, and the Evolution of a Unified Market 63\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter Six Three Views of the Numbers 65\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eFundamental Analysis 66\u003c\/p\u003e \u003cp\u003eTechnical Analysis 70\u003c\/p\u003e \u003cp\u003eQuantitative Analysis 80\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter Seven Where to Find Information on Stocks and Financial Markets 87\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eA Selection of Information Sources on the Financial Markets 91\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter Eight How to Buy and Sell Stock 99\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eFull-Service Brokers 100\u003c\/p\u003e \u003cp\u003eDiscount Brokers 102\u003c\/p\u003e \u003cp\u003eFinancial Intermediaries 103\u003c\/p\u003e \u003cp\u003eDirect Purchase 104\u003c\/p\u003e \u003cp\u003eIf It Sounds Too Good to Be True . . . Protecting Yourself from Stock Scams 104\u003c\/p\u003e \u003cp\u003eA Note on Financial Planners 106\u003c\/p\u003e \u003cp\u003e\u003cb\u003eSection III Mutual Funds and Investment Companies 109\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter Nine A History and Overview of the Mutual Fund Business 113\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eOpen-End versus Closed-End Funds 117\u003c\/p\u003e \u003cp\u003eIndex Funds 118\u003c\/p\u003e \u003cp\u003eLoad versus No-Load Funds 119\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter Ten Advantages of Mutual Funds 121\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eSimplicity 121\u003c\/p\u003e \u003cp\u003eDiversification 122\u003c\/p\u003e \u003cp\u003eAccess to New Issues 122\u003c\/p\u003e \u003cp\u003eEconomies of Scale 123\u003c\/p\u003e \u003cp\u003eProfessional Management 125\u003c\/p\u003e \u003cp\u003eIndexing 125\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter Eleven Disadvantages of Mutual Funds 127\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eImpact of One-Time Charges and Recurring Fees on Fund Performance 127\u003c\/p\u003e \u003cp\u003eHidden Cost of Brokerage 130\u003c\/p\u003e \u003cp\u003eSome Hidden Risks of Fund Ownership 132\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter Twelve Sources of Information on Mutual Funds 135\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eInvestment Company Institute Classification of Types of Funds 136\u003c\/p\u003e \u003cp\u003eLipper Analytical Services 139\u003c\/p\u003e \u003cp\u003eForbes 140\u003c\/p\u003e \u003cp\u003eMorningstar 140\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter Thirteen Alternative Investments 141\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eHedge Funds 141\u003c\/p\u003e \u003cp\u003eFunds of Hedge Funds 144\u003c\/p\u003e \u003cp\u003eOther Alternatives 145\u003c\/p\u003e \u003cp\u003e\u003cb\u003eSection IV Bonds and Other Fixed-Income Securities 147\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter Fourteen Seven Characteristics of Bonds 151\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Lifespan of Bonds 152\u003c\/p\u003e \u003cp\u003eInterest versus Discount 153\u003c\/p\u003e \u003cp\u003eRelationship of Price to Yield 154\u003c\/p\u003e \u003cp\u003eFour Important Yield Measures 154\u003c\/p\u003e \u003cp\u003eCredit Quality, Ratings, and Insurance 155\u003c\/p\u003e \u003cp\u003eCall and Related Features 155\u003c\/p\u003e \u003cp\u003eFixed versus Floating Rates and Foreign Currencies 156\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter Fifteen How the Other $30 Trillion is Invested 159\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eTreasuries 160\u003c\/p\u003e \u003cp\u003eCorporates 170\u003c\/p\u003e \u003cp\u003eMortgage-Backed Securities and Other Asset-Backed Securities 171\u003c\/p\u003e \u003cp\u003eMunicipals 172\u003c\/p\u003e \u003cp\u003eMoney Market 174\u003c\/p\u003e \u003cp\u003eSummary 175\u003c\/p\u003e \u003cp\u003e\u003cb\u003eSection V Options, Futures, and Other Derivatives 177\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter Sixteen Options 181\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eExchange-Traded Options 183\u003c\/p\u003e \u003cp\u003eCombination Strategies 185\u003c\/p\u003e \u003cp\u003eDetermining the Value of an Option 187\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter Seventeen Futures 193\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eA Seller’s Need to Hedge . . . 193\u003c\/p\u003e \u003cp\u003eSome Buyers Need to Hedge, Too 194\u003c\/p\u003e \u003cp\u003eSpeculation or Insurance? Maybe a Little of Both 195\u003c\/p\u003e \u003cp\u003eActuals versus Cash-Settled Contracts 195\u003c\/p\u003e \u003cp\u003eMargin and Collateral 196\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter Eighteen Other Derivatives 199\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eSection VI Summing Up Risk and Return 203\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter Nineteen How Well Are My Investments Doing? 207\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Basics of Return 208\u003c\/p\u003e \u003cp\u003eAnnualized Returns: Arithmetic (Simple) or Geometric (Compound)? 211\u003c\/p\u003e \u003cp\u003eTime-Weighted Returns versus Money-Weighted Returns 216\u003c\/p\u003e \u003cp\u003eComplicating Factors 220\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter Twenty Coming to Grips with the Many Dimensions of Risk 223\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eA Definition of Investment Risk 223\u003c\/p\u003e \u003cp\u003eThe Relativity of Risk 224\u003c\/p\u003e \u003cp\u003eWhat is Market Risk? 226\u003c\/p\u003e \u003cp\u003e“It Will Fluctuate” 227\u003c\/p\u003e \u003cp\u003eOther Kinds of Investment Risk: From the Quantifiable to the Subjective 228\u003c\/p\u003e \u003cp\u003eBalancing Risk and Return 232\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter Twenty-One A Crescendo of Change 235\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eAgain, We Ask, What is a Market? 235\u003c\/p\u003e \u003cp\u003eGlossary 239\u003c\/p\u003e \u003cp\u003eIndex 267\u003c\/p\u003e  \u003cp\u003e\u003cb\u003eMARC M. GROZ\u003c\/b\u003e is a leading authority on financial markets, with a deep understanding of hedge funds, risk management, and the interplay of liquidity, transparency, and valuation in market dynamics. Currently, he serves as managing member and chief investment officer of Topos LLC, a Stamford, Connecticut–based alternative asset manager, investor, and risk advisor.   \u003c\/p\u003e\u003cp\u003e\u003cb\u003eForbes \u003csup\u003e®\u003c\/sup\u003e\u003c\/b\u003e \u003cb\u003eGUIDE TO THE MARKETS\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003eSECOND EDITION  \u003c\/p\u003e\u003cp\u003eWhat a difference ten years can make. When the first edition of \u003ci\u003eForbes\u003c\/i\u003e\u003csup\u003e®\u003c\/sup\u003e \u003ci\u003e Guide to the Markets\u003c\/i\u003e was published a decade ago, the financial landscape was very different. \"Dot coms\" were flying high and the global economy was booming. Today, while the climate is very different, the basics and fundamentals remain the same, and the \u003ci\u003eSecond Edition\u003c\/i\u003e of \u003ci\u003eForbes\u003c\/i\u003e \u003csup\u003e®\u003c\/sup\u003e \u003ci\u003eGuide to the Markets\u003c\/i\u003e reflects the most up-to-date look at how best to navigate today's financial markets.  \u003c\/p\u003e\u003cp\u003eAs a former chief risk officer of two multibillion-dollar hedge funds, author Marc Groz has a solid understanding of what it takes to become a better investor, and with the \u003ci\u003eSecond Edition\u003c\/i\u003e of \u003ci\u003eForbes\u003c\/i\u003e \u003csup\u003e®\u003c\/sup\u003e\u003ci\u003e Guide to the Markets,\u003c\/i\u003e he shares his insights with you.  \u003c\/p\u003e\u003cp\u003eDesigned to help both the new and experienced investor enter today's turbulent markets with confidence, the \u003ci\u003eSecond Edition\u003c\/i\u003e of \u003ci\u003eForbes\u003c\/i\u003e \u003csup\u003e®\u003c\/sup\u003e \u003ci\u003eGuide to the Markets\u003c\/i\u003e covers all the elements necessary to become financially street smart—from products, players, and procedures to rules, regulators, and risk\/reward trade-offs.  \u003c\/p\u003e\u003cp\u003e\u003cb\u003eFilled with proven investment principles, this practical guide has been completely revised to reflect new trends and changes in the markets, including:\u003c\/b\u003e  \u003c\/p\u003e\u003cul\u003e \u003cli\u003eUpdated chapters containing buying and selling techniques; fundamental, technical, and quantitative analysis; and futures and options information\u003c\/li\u003e \u003cli\u003eThe emergence of exchange-traded funds, alternative investments, and derivatives\u003c\/li\u003e \u003cli\u003eThe role of hedge funds in an investment portfolio and the effects of the subprime crisis\u003c\/li\u003e \u003cli\u003eDiversification and calculating returns\u003c\/li\u003e \u003cli\u003e\u003ci\u003eAnd much more\u003c\/i\u003e\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eAn essential resource for both the new and seasoned investor, this authoritative guide is a must-read for anyone who intends on improving their investment endeavors. \t \u003c\/p\u003e\u003cp\u003e\u003cb\u003eForbes\u003csup\u003e®\u003c\/sup\u003e\u003c\/b\u003e is the leading business magazine in the United States, with an audience of more than 5 million readers. Since 1917, \u003ci\u003eForbes\u003c\/i\u003e' mission has been to provide access to information and insights that ensure its readers' success.\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47989230141669,"sku":"NP9780470463383","price":22.95,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9780470463383.jpg?v=1761783296","url":"https:\/\/k12savings.com\/es\/products\/forbes-guide-to-the-markets-isbn-9780470463383","provider":"K12savings","version":"1.0","type":"link"}