永远财富

作者简介

This book is the first of its kind in providing, simultaneously and comprehensively, historical, institutional and theoretical foundations for developments in the stock market. It debunks many a myth about stock price behavior and the valuation of stocks. The traditional valuation models are tested and shown to be often weak and unreliable, especially when applied to the valuation of technology stocks. New paradigms are suggested. 　　The authors seek to answer many questions about the stock market: Why invest in stocks, how to invest in stocks, how to value stocks, how to change the risk profile of portfolios, how to analyze the results of stock investing, and how to minimize estate taxes and maximize control, even after death. 　　All aspects of the stock market are covered, including the basic tools that will enable the reader to understand the stock market basics, the history of stock market performance in the US and overseas, the various ways to value stocks and to assess their risk, and the various methods that have been proposed to capitalize on the inefficiencies of the stock market, be they temporary or permanent. The book also deals with the derivative markets for stocks. --This text refers to an out of print or unavailable edition of this title.

书籍目录

ForewordChapter 1:  The Fascinating World of the Stock Market: Basic Knowledge and Considerations  1.1  Introduction  1.2  Stock Ownership Has Never Been Easier  1.3  Markets and Their Indices  1.4  Types of Accounts  1.5  Types of Orders  1.6  Types of Positions  1.7  Dates to Remember  1.8  ConclusionChapter 2:  Investment Philosophies and Techniques  2.1  Introduction  2.2  The Fundamental School  2.3  The Technical School  2.4  Venues for Participating in the Stock Market  2.5  ConclusionChapter 3:  The Performance History of US Equity Markets  3.1  Introduction  3.2  The Y2K Strikes, with a Bear Market                3.3  The Soaring 1990s  3.4  The Long-Term History of US Stock Markets  3.5  Lessons from History  3.6  ConclusionChapter 4:  US Stock Market Performance Relative to Other Instruments and Markets  4.1  Introduction  4.2  Bonds and Other Investment Alternatives  4.3  Global Comparisons and Macroeconomic Factors  4.4  Reducing Risk Through Dollar-Cost- Averaging and Long-Term Investing  4.5  ConclusionChapter 5:  Balancing Risks and Returns: Three Theoretical Insights  5.1  Introduction  5.2  Portfolio Diversification  5.3  The Asset Pricing Model and Theory  5.4  The Efficient Market Hypothesis and its Implications  5.5  The Insights from Insights: Concluding RemarksChapter 6:  Equity Valuation  6.1  Introduction  6.2  Valuation by Multiples and Ratios  6.3  Valuation by Cash Flow Analysis  6.4  Other Valuation Models  6.5  Putting It All Together, Analytically  6.6  Concluding RemarksChapter 7:  How to Select Stocks: Capitalizing on Inefficiencies?  7.1  Introduction ……Chapter 8:  Stock Options ,Warrants and ConvertiblesChapter 9:  Retirement Planning and Tax MinimizationChpater 10:  Holding the Government at Bay :Wealth Presservation adn ControlIndex

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