Dynamic Hedging: Managing Vanilla and Exotic Options

Dynamic Hedging: Managing Vanilla and Exotic Options
Dynamic Hedging: Managing Vanilla and Exotic Options by Nassim Nicholas Taleb
1997 | PDF | 21.16MB

Dynamic Hedging is the definitive source on derivatives risk. It provides a real-world methodology for managing portfolios containing any nonlinear security. It presents risks from the vantage point of the option market maker and arbitrage operator. The only book about derivatives risk written by an experienced trader with theoretical training, it remolds option theory to fit the practitioner's environment. As a larger share of market exposure cannot be properly captured by mathematical models, noted option arbitrageur Nassim Taleb uniquely covers both on-model and off-model derivatives risks.

The author discusses, in plain English, vital issues, including:

  • The generalized option, which encompasses all instruments with convex payoff, including a trader's potential bonus.
  • The techniques for trading exotic options, including binary, barrier, multiasset, and Asian options, as well as methods to take into account the wrinkles of actual, non-bellshaped distributions.
  • Market dynamics viewed from the practitioner's vantage point, including liquidity holes, portfolio insurance, squeezes, fat tails, volatility surface, GARCH, curve evolution, static option replication, correlation instability, Pareto-Levy, regime shifts, autocorrelation of price changes, and the severe flaws in the value at risk method.
  • New tools to detect risks, such as higher moment analysis, topography exposure, and nonparametric techniques.
  • The path dependence of all options hedged dynamically.

Dynamic Hedging is replete with helpful tools, market anecdotes, at-a-glance risk management rules distilling years of market lore, and important definitions. The book contains modules in which the fundamental mathematics of derivatives, such as the Brownian motion, Ito's lemma, the numeraire paradox, the Girsanov change of measure, and the Feynman-Kac solution are presented in intuitive practitioner's language.

Dynamic Hedging is an indispensable and definitive reference for market makers, academics, finance students, risk managers, and regulators.

The definitive book on options trading and risk management.

Lessons from a Lean Consultant

Lessons from a Lean Consultant
Lessons from a Lean Consultant: Avoiding Lean Implementation Failures on the Shop Floor by Chris A Ortiz
2008 | EPUB | 3.19MB

Making Lean Work: “In-the-Trenches” Help from a World-Class Expert.

Lean manufacturing can improve productivity and quality, shorten lead times, reduce costs, and improve competitiveness. However, succeeding with lean is not easy. Chris A. Ortiz, one of the country’s most respected lean implementers, shows you exactly how to overcome obstacles, drive value from lean, and sustain success for the long term.

Ortiz draws on his experience leading many successful lean transitions and more than 150 kaizen events. He shows you how to prepare for a lean shop floor environment, implement best practice procedures and standards, build executive support, lead kaizen within the factory, and deal with the ups and downs you will inevitably encounter.

Forget theory: This is a step-by-step, what-to-do guide for professionals in the trenches—plant and engineering managers, lean managers and directors, Six Sigma practitioners, and working engineers.

Topics covered include

  • Seven reasons lean can fail—and how to overcome them
  • Establishing successful kaizen programs: champions, events, teams, goals, tracking, and scheduling
  • Avoiding early stumbling blocks in data collection, waste removal, and process design
  • Getting your operators and supervisors to “buy into” lean
  • Training managers, engineers, and new employees
  • Promoting flexibility and cross-training
  • Using lean to drive growth, not just save money
  • Lean leadership made simple: twelve practical techniques, five simple rules—and ten things not to do
  • Sample audit, tracking, and time study forms

Business Law: Principles for Today's Commercial Environment

Business Law: Principles for Today's Commercial Environment
Business Law: Principles for Today's Commercial Environment [Third Edition] by David P Twomey, Marianne M Jennings
2010 | PDF | 23.26MB

In addition to preparing you to ace your business law course, BUSINESS LAW: PRINCIPLES FOR TODAY'S COMMERCIAL ENVIRONMENT, Third Edition, provides information and resources to assist you in studying for the CPA exam. This book helps you grasp key legal concepts and principles by reinforcing your understanding through applications and examples of real-world dilemmas, issues, and problems. Current, comprehensive, easy-to-understand and fascinating to read, BUSINESS LAW: PRINCIPLES FOR TODAY'S COMMERCIAL ENVIRONMENT will help prepare you for class and give you all the resources you need to succeed in your business law course.

Love Works: Seven Timeless Principles for Effective Leaders

Love Works: Seven Timeless Principles for Effective Leaders
Love Works: Seven Timeless Principles for Effective Leaders by Joel Manby
2012 | PDF | 6.11MB

Before Joel Manby won the respect of America with his appearance on the CBS reality TV series Undercover Boss, he was a highly successful corporate executive. After the show aired, many of the 18 million viewers wrote to him about the profound impact of his servant leadership. In Love Works, Joel Manby introduces us to the power of agape love in the workplace.

After years of leading thousands of men and women, Manby has proven that leading with love is effective, even in a business environment. Manby challenges leaders to allow integrity and faith to guide leadership decisions, outlining seven time-proven principles that break down the natural walls within corporate cultures, empowering managers and employees, disarming difficulties, and cultivating an atmosphere that builds long-term success. Manby also leverages the undeniable truth that love builds healthy relationships at home---why not use the same behavior to build healthy relationships at work?

Business Innovation Insights [FT Press Delivers Collections]

Business Innovation Insights [FT Press Delivers Collections]
Business Innovation Insights [FT Press Delivers Collections] by Luke M Williams, Deepa Prahalad, Robert Brunner, Ravi Sawhney, Jonathan Cagan, Craig M Vogel
2013 | EPUB | 8.71MB

An up-to-the-minute collection of techniques for jumpstarting innovation in any market, product, service, or process.

Hot new ideas for supercharging business innovation in any market, right now: 4 extraordinary books from world-renowned pioneers in all facets of innovation!

This 4-book package brings together today’s fastest, most powerful, most realistic solutions for jumpstarting innovation -- whatever you sell, whatever industry you’re in! You’ll discover how to change the playing field, leverage your customers’ insights and expertise, uncover huge unmet needs, craft great customer experiences, and make innovation repeatable throughout your organization.

In Predictable Magic, veteran industrial designer Ravi Sawhney and business strategist Deepa Prahalad introduce a breakthrough approach for systematically creating deep emotional connections between consumers and brands… seamlessly integrating corporate strategy with design… transcending the utilitarian (or even the “beautiful”) to build products that powerfully connect, touch, and move people... again and again!

Next, in Do You Matter?, legendary industrial designer Robert Brunner (who laid the groundwork for Apple’s brilliant design language) and Stewart Emery help you use design to consistently create products, services, and experiences that matter to customers’ lives -- and thereby drive powerful, sustainable improvements in business performance. Through case studies from leaders like Nike, Apple, BMW and IKEA, they introduce design-driven techniques for managing your entire experience chain… defining effective design strategies and languages… managing design… using (and not abusing) research… extending design values into marketing and manufacturing… encouraging design innovations that open entirely new markets!

Then, in Disrupt: Think the Unthinkable to Spark Transformation in Your Business, frog design’s Luke Williams shows how to start generating (and executing on) a steady stream of disruptive strategies and unexpected solutions. Williams combines the fluid creativity of "disruptive thinking" with the analytical rigor that’s indispensable to business success. The result: a simple yet complete five-stage process for imagining a powerful market disruption, and transforming it into a reality that catches your entire industry by surprise.

Finally, in the highly-anticipated Second Edition of Creating Breakthrough Products: Revealing the Secrets that Drive Global Innovation, Jonathan Cagan and Craig Vogel offer an indispensable roadmap for uncovering new opportunities, identifying what customers really value today, and building products and services that transform markets. This edition contains brand-new chapters on service design and global innovation, new insights and best practices, and new case studies ranging from Navistar’s latest long-haul truck to P&G’s reinvention of Herbal Essence.

You know how crucial innovation has become… this 4 book package will help you infuse it throughout your entire organization!

FranklinCovey Style Guide [Fifth Edition]

FranklinCovey Style Guide [Fifth Edition]
FranklinCovey Style Guide: For Business and Technical Communication [Fifth Edition] by Stephen R Covey
2012 | EPUB | 18.63MB

Much more than a grammar and punctuation handbook, the renowned FranklinCovey Style Guide helps you:

  • Produce documents that reflect quality writing standards.
  • Access more than 110 topics from A to Z, covering everything from document design, graphics, and parts of speech to punctuation, sentence style, and word choice.
  • Create documents from start to finish and avoid writer’s block.
  • Write effective letters, memos, and resumés with the help of more than 30 model documents.
  • Design effective, understandable graphics that enhance and convey your message.
  • Discover and prioritize information.

FranklinCovey is a leading provider of leadership, personal productivity, and effective communication workshops. Two programs—Writing Advantage and Technical Writing Advantage—help you learn how to write documents that achieve the results you expect. Both workshops feature the FranklinCovey Style Guide.

NEW IN THE FIFTH EDITION

The most current guidelines on email, information management, and online documentation. Learn how to manage the flood of email coming at you and get results from the email you send. Find out how to add distinctiveness and power to your online presence.

Updated best practices for graphics. Here’s the best current thinking on visuals for documents and presentation, charts, color, illustrations, maps, photos, and tables, including all-new examples.

Guidance on global English.There is a new section on English as a second language for business professionals, as well as updated guidance on international business English.

Valuable new insights for knowledge workers.Learn new ways to think and process information better in updated sections on thinking strategies and the writing process, as well as practical guidance for managing projects and meetings.

Model documents for today. As email has overtaken traditional business letters and memos, you need new models to follow. See the Model Documents section for updated samples of sensitive emails, reports, proposals, procedures, and resumés.

Everything in this fifth edition has been updated to help you meet the communication challenges of the high-tech, high-demand business world of today.

The Year Without Pants

The Year Without Pants
The Year Without Pants: WordPress.com and the Future of Work by Scott Berkun
2013 | EPUB + MOBI | 5.32/6.05MB

What happens when an old-school management guru leaves the books and lectures behind to lead a young team at a revolutionary company, with no email, no offices, and no rules? The answer is an amazing and entertaining book about the future of work.

Automattic, Inc., runs WordPress.com, the 15th most popular website on the planet, and is the leading organization behind WordPress, the software that powers 20 percent of the entire web—60 million sites and counting. Their success is based on challenging our biggest assumptions about how work is done:

  • Employees work remotely, from wherever in the world they wish
  • No one uses email, preferring customized blogs and online chat
  • There are no schedules, few meetings, and fewer rules
  • Workers launch new ideas and features dozens of times a day

In The Year Without Pants, popular author and former Microsoft manager ('94-'03) Scott Berkun reports on his challenging year working at WordPress.com as the leader of one of its most important teams. His bold and entertaining tale is filled with great advice for managers, executives, and employees alike about how great work is done and what Automattic's success means for the rest of us.

With his legendary humor and the unique perspective of a seasoned outsider-turned-insider, The Year Without Pants is the best book you will read on the ways leadership, productivity, and work are evolving on business's brave new frontier.

10 Ways to Stay Broke Forever

10 Ways to Stay Broke Forever
10 Ways to Stay Broke Forever: Why Be Rich When You Can Have This Much Fun by Laura J McDonald, Susan L Misner
2013 | EPUB | 911.7KB

How to change your free-spending ways, live luxuriously on a budget, and build a sound financial future.

From the founders of GoldenGirlFinance.ca comes a new book on how to get your financial house in order and enjoy the freedom and happiness that comes with a secure financial future. In 10 Ways to Stay Broke. . . Forever, you'll learn why focusing on living well now is almost always a path to poverty later. You might have a new car, a beautiful house, and a wardrobe to die for, but you're shortchanging yourself if you haven't started saving and investing for retirement.

In 10 Ways to Stay Broke . . . Forever, personal finance gurus Laura McDonald and Susan Misner show you how to start planning for tomorrow today. With simple guidance and straight talk about finances, they explain the things women do to stay broke and what you should do instead.

  • From the founders of GoldenGirlFinance.ca, the leading personal finance site for Canadian women
  • Written in an engaging, accessing, and conversational style that takes the fear out of the complex world of finance
  • Features practical, actionable advice for taking control of your personal finances with real-life examples and handy tools

Having money in your pocket is a great feeling. But there's no more amazing feeling than financial security. Having money in the bank means having power, possibility, and opportunity—and nothing feels better than that!

Trading Price Action Reversals

Trading Price Action Reversals
Trading Price Action Reversals: Technical Analysis of Price Charts Bar by Bar for the Serious Trader by Al Brooks
2012 | EPUB | 6.91MB

The key to being a successful trader is finding a system that works and sticking with it. Author Al Brooks, a technical analysis contributor to Futures magazine and an independent trader for twenty-five years, has done just that. Over the course of his career, he's found a way to capture consistent profits regardless of market direction or economic climate. And now, with his new three-book series—which focuses on how to use price action to trade the markets—Brooks takes you step by step through the entire process.

In order to put his methodology in perspective, Brooks examined an essential array of price action basics and trends in the first book of this series, Trading Price Action Trends; provided important insights on trading ranges, breakouts, order management, and the mathematics of trading in the next book, Trading Price Action Trading Ranges; and now moves on to discuss trend reversals, day trading, daily charts, options, and the best setups for all time frames in this third, and final, book of the series, Trading Price Action Reversals.

Divided into four comprehensive parts,

Trading Price Action Reversals

skillfully addresses how to spot and profit from trend reversals—which offer an excellent risk-reward ratio—using the technical analysis of price action. Along the way, it touches on some of the most essential aspects of this approach as well as several other important topics, including:

  • The various types of reversals, their specific characteristics, and how to select the proper ones
  • Capturing profits by successfully trading the "first hour," or more accurately, the opening range of a day session
  • Using price action to effectively incorporate options into your trading strategies
  • Guidelines that can help keep traders on track and put them in a better position to make more informed trades and trade management decisions
  • Specific price action setups that new traders should focus on
  • And much more

Trading is a rewarding endeavor, but it's hard work and requires relentless discipline. To succeed, you have to stick to your rules and avoid emotion—and you have to patiently wait to take only the best trades. Trading Price Action Reversals, the final piece of this three-book set, will help you achieve this goal. With this guide, and the other two books in the series, you'll discover how to develop the patience and discipline to follow a sound system, and reap potentially huge financial rewards in the process.

Trading Price Action Trading Ranges

Trading Price Action Trading Ranges
Trading Price Action Trading Ranges: Technical Analysis of Price Charts Bar by Bar for the Serious Trader by Al Brooks
2012 | EPUB | 4.91MB

The key to being a successful trader is finding a system that works and sticking with it. Author Al Brooks, a technical analysis contributor to Futures magazine and an independent trader for twenty-five years, has done just that. Over the course of his career, he's found a way to capture consistent profits regardless of market direction or economic climate. And now, with his new three-book series—which focuses on how to use price action to trade the markets—Brooks takes you step by step through the entire process.

In order to put his methodology in perspective, Brooks examined an essential array of price action basics and trends in the first book of this series, Trading Price Action Trends; provides important insights on trading ranges, breakouts, order management, and the mathematics of trading in this current book Trading Price Action Trading Ranges; and then moves on to discuss trend reversals, day trading, daily charts, options, and the best setups for all time frames in the third, and final, book of this series, Trading Price Action Reversals.

Divided into five comprehensive parts, Trading Price Action Trading Ranges skillfully addresses how to spot and profit from trading ranges—which most markets are in, most of the time—using the technical analysis of price action. Along the way, it touches on some of the most essential aspects of this approach, including:

  • Trading breakouts, which are transitions from trading ranges to trends, and understanding the gaps they create
  • The two types of "Magnets," Support and Resistance, and what they mean once the market breaks out and begins its move
  • Pullbacks, which are transitions from trends to trading ranges
  • The characteristics commonly found in trading ranges—areas of largely sideways price activity—and examples of how to trade them
  • Honing your order and trade management skills so that you can make more informed entry and exit decisions
  • And much more

Trading is a rewarding endeavor, but it's hard work and requires relentless discipline. To succeed, you have to stick to your rules and avoid emotion—and you have to patiently wait to take only the best trades. Understanding, and utilizing, the information found in Trading Price Action Trading Ranges is the next logical step to achieving this goal. With this guide, and the other two books in the series, you'll discover how to develop the patience and discipline to follow a sound system, and reap potentially huge financial rewards in the process.

pages: 110 111 112 113 114 115 116 117 118 119 120
*100: 100