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‘This delivers the essential concepts of modern finance clearly and concisely. My advice: buy this book and keep it close at hand!’
Mark Kritzman, President and CEO, Windham Capital Management, LLC

‘Whilst there are a number of books that purport to offer a quick reference for business professionals, this is the only that really manages to do this in an effective way.’ Valerio Poti, Dublin City University Business School

‘This is corporate finance served in bite-sized and digestible portions.’
Elroy Dimson, BGI Professor of Investment Management, London Business
…mehr

Produktbeschreibung
‘This delivers the essential concepts of modern finance clearly and concisely. My advice: buy this book and keep it close at hand!’

Mark Kritzman, President and CEO, Windham Capital Management, LLC



‘Whilst there are a number of books that purport to offer a quick reference for business professionals, this is the only that really manages to do this in an effective way.’ Valerio Poti, Dublin City University Business School



‘This is corporate finance served in bite-sized and digestible portions.’

Elroy Dimson, BGI Professor of Investment Management, London Business School



‘Javier Estrada is to be commended for translating deep economic ideas into terms that are immediately usable, compelling and valuable.’

Robert F. Bruner, Dean of Darden Business School, University of Virginia



A no-nonsense companion to working with the tools of finance.



Whether you are an executive or student, beginner or expert, this book is designed to explain and illustrate the working essentials of finance with clarity and speed.

The FT Guide to Understanding Finance deliberately combines essential theory with real-world application, using short, focused chapters to help you find what you need and implement it right away.



Originally published as Finance in a Nutshell, this new edition includes:

Full coverage of risk and return including CAPM, the three-factor model and risk-adjusted returns

· Stocks and bonds including versions of the DCF model, reverse valuation, relative valuation and issues related to fixed-income securities, pricing and sources of risk

Case studies and examples from companies such as Apple, Merrill Lynch, Microsoft, Berkshire Hathaway and Johnson & Johnson

Accompanying Excel spreadsheets of all the calculations and formulas at www.tbc.com

Product Description
Whether you are an executive or a student, beginner or expert, this book is designed to explain and illustrate the working essentials of finance with clarity and speed.

This desktop companion deliberately combines essential theory with real-world application, using short, focused chapters to help you find what you need and implement it right away. www.pearsoned.co.uk/estrada

Backcover
‘This delivers the essential concepts of modern finance clearly and concisely. My advice: buy this book and keep it close at hand!’ Mark Kritzman, President and CIO, Windham Capital Management, LLC

‘Whilst there are a number of books that purport to offer a quick reference for business professionals, this is the only one that really manages to do this in an effective way.’ Valerio Potì, Director of the MSc in Finance and Capital Markets Program, Dublin City University Business School

‘This is corporate finance served in bite-sized and digestible portions.’ Elroy Dimson, Emeritus Professor of Finance, London Business School

‘Javier Estrada is to be commended for translating deep economic ideas into terms that are immediately usable, compelling and valuable.’ Robert F. Bruner, Dean of Darden Business School, University of Virginia

Whether you are an executive or a student, beginner or expert, this book is designed to explain and illustrate the working essentials of finance with clarity and speed.

The Financial Times Guide to Understanding Finance deliberately combines essential theory with real-world application, using short, focused chapters to help you find what you need and implement right away.

Originally published as Finance in a Nutshell, this new edition includes:

Full coverage of risk and return including CAPM, the three-factor model and risk-adjusted returns

Stocks and bonds including versions of the DCF model, reverse valuation, relative valuation and issues related to fixed-income securities, pricing and sources of risk

Case studies and examples from companies such as Apple, Merrill Lynch, Microsoft, Berkshire Hathaway and Johnson & Johnson

Accompanying Excel spreadsheets of all the calculations and formulas at www.pearsoned.co.uk/estrada

Publisher's acknowledgments

Preface to the second edition

Preface to the first edition

PART I: RISK AND RETURN

1 Returns (I): Basic concepts

2 Returns (II): Mean returns

3 Risk (I): Total risk

4 Risk and return (I): Portfolios

5 Risk (II): Diversification

6 Risk (III): Systematic risk

7 Risk and return (II): The CAPM and the cost of capital

8 Risk and return (III): The three-factor model

9 Risk (IV): Downside risk

10 Risk and return (IV): Risk-adjusted returns

11 Risk and return (V): Portfolio optimization

12 Risk and return (VI): The long term

PART II: VALUATION &nbs
'This delivers the essential concepts of modern finance clearly and concisely. My advice: buy this book and keep it close at hand!' Mark Kritzman, President and CIO, Windham Capital Management, LLC

'Whilst there are a number of books that purport to offer a quick reference for business professionals, this is the only one that really manages to do this in an effective way.' Valerio Potì, Director of the MSc in Finance and Capital Markets Program, Dublin City University Business School

'This is corporate finance served in bite-sized and digestible portions.' Elroy Dimson, Emeritus Professor of Finance, London Business School

'Javier Estrada is to be commended for translating deep economic ideas into terms that are immediately usable, compelling and valuable.' Robert F. Bruner, Dean of Darden Business School, University of Virginia

Whether you are an executive or a student, beginner or expert, this book is designed to explain and illustrate the working essentials of finance with clarity and speed.

The Financial Times Guide to Understanding Finance deliberately combines essential theory with real-world application, using short, focused chapters to help you find what you need and implement right away.

Originally published as Finance in a Nutshell, this new edition includes:
Full coverage of risk and return including CAPM, the three-factor model and risk-adjusted returns Stocks and bonds including versions of the DCF model, reverse valuation, relative valuation and issues related to fixed-income securities, pricing and sources of risk Case studies and examples from companies such as Apple, Merrill Lynch, Microsoft, Berkshire Hathaway and Johnson & Johnson Accompanying Excel spreadsheets of all the calculations and formulas at www.pearsoned.co.uk/estrada
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Autorenporträt
Javier Estrada holds an M.S. in Finance and a Ph.D. in Economics both from the University of Illinois at Urbana-Champaign. He is currently an associate professor at the IESE Business School in Barcelona, Spain; the co-editor of the Emerging Markets Review; and a wealth management advisor at Sports Global Consulting. He has published extensively in international journals, written many cases for class discussion, and lectured throughout the world.