Finance A Fine Art

Description

FINANCE \r\nA fine art......Page 4 Contents......Page 6 Foreword by Sheldon Gordon......Page 8 1 The marketplace......Page 10 The state and the financial markets......Page 12 The capital cities of trade and commerce......Page 16 How stock exchanges began......Page 22 The farmers and financial markets......Page 30 2 The mechanics of financial markets......Page 38 Hard bargaining or software mediation......Page 40 How prices are established on organized markets......Page 44 Bulbs, bubbles and bull markets......Page 46 3 Globalization......Page 55 Common currency......Page 57 Foreign exchanges......Page 64 Finance capital of the world?......Page 71 4 The future is the field of play......Page 75 As time goes by......Page 77 A roll of the dice shall never abolish randomness......Page 88 How normal is it for stock prices to fluctuate?......Page 94 When managing risk, diversify......Page 105 When managing risk, wait and see......Page 113 5 The price of stocks......Page 120 The value of art and the art of value......Page 121 The market will fluctuate......Page 129 Fundamental value and price fluctuations......Page 134 Speculative value......Page 138 6 The derivatives markets......Page 143 Futures and forward contracts......Page 145 Options......Page 163 The risks of derivatives......Page 175 Interest and rent......Page 188 The value of bonds......Page 193 The term structure of interest rates......Page 200 My word is not my bond......Page 203 Capitalism or capitalisms?......Page 210 Managing for value......Page 220 Enterprise value......Page 228 The values of corporate finance......Page 230 9 The investors......Page 242 High net worth individuals......Page 245 Equity funds......Page 252 Hedge funds......Page 264 Pension funds......Page 268 Notes......Page 279 Index......Page 290