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Special Report on

The History of Finance

the history of finance special research report Photo by
In this account of the evolution of finance theory, the "father of modern finance" uses the series of Nobel Prizes awarded finance scholars in the 1990s as the organizing principle for a discus-sion of the major developments of the past 50 years. Starting with Harry Markowitz's 1952 Journal of Finance paper on "Portfolio Selection," which provided the mean-variance frame-work that underlies modern portfolio theory (and for which Markowitz re-ceived the Nobel Prize in 1990), the paper moves on to consider the Capi-tal Asset Pricing Model, efficient mar-ket theory, and the M & M irrelevance propositions. In describing these ...
industry, and government restrictions on financial activities by banks have varied over time and location. The current set of global bank capital standards are called Basel II . In some countries such as Germany , banks have historically owned major stakes in industrial corporations while in other countries such as the United States banks are prohibited from owning non-financial companies. In Japan , banks are usually the nexus of a cross-share holding entity known as the keiretsu . The oldest bank still in existence is Monte dei Paschi di Siena , headquartered in Siena , Italy , which has been operating continuously since 1472. 1
The Greatest Deception in the History of Finance | The Big Picture
What is the greatest deception in the history of finance?  Depending upon your perspective, some entities and events of deception that come to mind might include corporate accounting scandals, rogue traders, Ponzi schemes, and various entities and events related to the financial crises (market bubbles) throughout history. “The greatest hazard of all, losing one’s self, can occur very quietly in the world, as if it were nothing at all.  No other loss can occur so quietly; any other loss — an arm, a leg, five dollars, a wife, etc. — is sure to be noticed.” ~ Soren Kierkegaard In terms of damages ... market research, surveys and trends
China Has Been Covertly Funding A Housing Bubble Five Times Larger ...
As if to confirm the recent slams from Dagong, the largest Chinese credit rating agency, WSJ reported today that the U.S.-based big three credit firms have made an urgent new request of their clients: Do not use our names on bond issues. China just announced that its Q2 GDP came in at 10.3%, just below a consensus estimate of 10.5%. Surprisingly, for some odd reason the market seems to believe this "data." Although in retrospect, based on China's bottom up GDP goalseeking, the number, which we will show in a second is completely irrelevant, could very easily be true, based on two just announced stunners about the ... market research, surveys and trends


The Four Pillars of Investing
I didn�t start out my professional life in finance; my original training was in the sciences, and later, in medicine. Practicing physicians, among whom I still count myself, have a richly deserved reputation as miserable investors. The conventional explanations for this are that our practices are so demanding that we don�t have the time to do it properly, or that we�re too egotistical to take professional advice. In fact, neither is the case. Learning how to invest properly doesn�t take an inordinate effort, and I don�t find most of my colleagues overly egotistical. Medical practice is a profoundly humbling experience to ... industry trends, business articles and survey research
Derivatives Strategy - October'2000: The Greater Fool Theory
When Genius Failed: The Rise and Fall of Long-Term Capital Management. Roger Lowenstein. Random House. $26.95, hardcover. Reviewed by Stephen Rhodes FA truly defining moment in the saga of Long-Term Capital Management occurs early in Roger Lowenstein's compulsively readable account of the rise and fall of the fabled hedge fund, When Genius Failed. Picture this: it's the fall of 1993 and the legendary academic Myron Scholes is making a pitch to the Indianapolis insurance company Conseco, claiming his soon-to-be-operational hedge fund will make boatloads of money in relatively efficient markets by deploying its ... industry trends, business articles and survey research
Bernanke Calls Agency Bonds Guarantee 'Important' to Stability
July 22 (Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke said the U.S. government needs to maintain its guarantee on mortgage-backed bonds issued by Fannie Mae and Freddie Mac to preserve financial stability. “It is very important for financial stability and confidence that we make good that guarantee,” Bernanke said in response to a question from Representative Scott Garrett, a New Jersey Republican. Bernanke responded to questions following his semi-annual testimony on monetary policy before the House Financial Services Committee. Republican lawmakers including Senator John McCain of Arizona have said ... market trends, news research and surveys resources
Greece's big debt denial
From recent headlines, the ancient muse would have reason to feel optimistic: Greece's first ventures back into financial markets since May were successful, calming market jitters. With two short-term bond sales over a span of a week, the debt-rattled government managed to raise $4.53 billion. And it could have sold more -- both auctions were oversubscribed. After a closer look, however, the oracle's conclusions would be uneasy. The auctions came with a price: yields over 4% indicating markets were still concerned with the possibility of a future default. Greek bonds carry junk ratings, and the cost of insuring them ... market trends, news research and surveys resources


BUSINESS HISTORY REVIEW Specters of the Atlantic: Finance Capital ...
Of particular interest to readers of the Business History Review is the significance that Baucom attaches to the Zong in the history of finance capital. ... technology research, surveys study and trend statistics
A History of Corporate Finance
Contents. Preface ix. Introduction: History and the Modern Theory of. Finance 1. Part I The Preindustrial World. 1 Medieval and Renaissance Origins 29 ... technology research, surveys study and trend statistics
Financial History
Financial analysis is the conversion of financial data into useful information for decision making. Therefore, virtually any use of financial statements or other financial data for some purpose is financial analysis and, essentially, is the primary focus of accounting and finance professionals. Financial analysis can be internal (e.g., decision analysis by a company using internal data to understand or improve management and operating results) or external (e.g., comprehensive analysis for such purposes as commerical lending or investment activities). The key is how to analysis available data to make correct decisions. Is ...
  1. profile image Paulnuk2O1O @AlexRJMurray especially given the history of the officer
  2. profile image crawmo @Ian Tomlinson the Cop had form #SimonHarwood 'had history of aggression' across 2 police forces & 10 yrs:
  3. profile image markhoelzel "If you would like to unravel the history of happiness you must unravel the history of finance"
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As a finance student, what books should I read? - Yahoo! Answers
Hi, im 21 and a finance student. I wanted to know from all you finance experts what books you would recommend for a finance fanatic (I LOVE FINANCE). My only problem is i dont want to read something I wont understand or is too complicated and get discouraged. I was told to read the book "the richest man in Babylon" for starters, and I loved the book!!! I have also read Rich dad poor dad and who moved my cheese? I want to get more into the history of finance and read books about famous investors? Which books would you recommend, and I want books that you guys feel have helped you and have stuck in your head for your entire ...
What happens if nobody can pay anybody back? | Ask MetaFilter
Out of curiosity, what if all the large major world economies (say, the economies comprising of 90% of the world's GDP) suddenly defaulted on their external debts (presumably, to each other)? What if they became insolvent? What if every country in the world defaulted and/or became insolvent? Is it even possible? Thanks in advance for satisfying my curiosity. I'd recommend watching the French film "Le temps du loup", or The Time of the Wolf. It's an end-of-the-world flick where the power goes out, the trains stop running, food becomes scarce, and people slowly descend into savagery. I'd imagine that's ...