The shipping industry is both special and fascinating. It is special, above all, because of its
truly global nature, the huge discrete investments needed, the highly cyclical markets at play,
and the unique competitive structure, with many determined players. It is fascinating, above
all, because fortunes are made—and lost—at a fast pace, with some of the most risk-willing
owners also serving as decision makers.
This book is the result of at least seven forces that have shaped my interest in shipping
corporations and their strategies. The first is purely personal.
Distills complex theories for the benefit of the average trader with little or no background in finance or mathematics by offering a wide range of valuable, practical strategies for limiting risk, avoiding catastrophic losses and managing the futures portfolio to maximize profits.
This textbook will be designed for fixed-income securities courses taught on MSc Finance and MBA courses. There is currently no suitable text that offers a 'Hull-type' book for the fixed income student market. This book aims to fill this need. The book will contain numerous worked examples, excel spreadsheets, with a building block approach throughout. A key feature of the book will be coverage of both traditional and alternative investment strategies in the fixed-income market, for example, the book will cover the modern strategies used by fixed-income hedge funds.
In this chapter, the following content will be discussed: Companywide strategic planning: Defining Marketing ’s role, designing the business portfolio, planning Marketing: Partnering to build customer relationships, Marketing strategy and the Marketing mix, managing the Marketing effort, measuring and managing return on Marketing investment.
In this chapter: Explain companywide strategic planning and its four steps, discuss how to design business portfolios and growth strategies, discuss how to design business portfolios and growth strategies, describe the elements of a customer-driven marketing strategy and mix and the forces that influence it, list the marketing management functions, including the elements of a marketing plan.
This chapterdiscusses the concept of borderless Networks. It discusses Cisco borderless Network architecture, including the components and underlying technologies. You will learn about the Cisco security portfolio products that address specifically issues of borderless Networks, and more precisely about Cisco SecureX. This chapter introduces Cisco threat control and containment products and VPN technologies that will be covered in greater detail in subsequent chapters.
Chapter 9 - Introduction to industry and company analysis. The topics discussed in this chapter are: Uses of industry analysis; industry classification systems; establishing a peer group; strategic analysis: Porter’s five forces; industry and product life cycles; demographic, governmental, social, and technological influences; company analysis; cost and differentiation strategies; spreadsheet modeling.
Chapter 11 - The efficient market hypothesis. We critically evaluate recent suggestions for “fundamental indexing” as a response to market errors in security valuation. We show that these strategies are nothing more than variations on the value-tilted portfolio strategies discussed earlier in the chapter.
Chapter 2: Developing marketing strategies and a marketing plan. When you finish this chapter, you should: Define a marketing strategy, describe the elements of a marketing plan, analyze a marketing situation using SWOT analysis, describe how a firm chooses which consumer group(s) to pursue with its marketing efforts, outline the implementation of the marketing mix as a means to increase customer value, summarize portfolio analysis and its use to evaluate marketing performance, describe how firms grow their business.
Chapter 8 - Developing and managing products. After reading this chapter, you should be able to: Apply portfolio and product life cycle approaches to managing existing products. Identify the process of developing products internally. Discuss the importance of lead users to the product development process. Indicate what partnering, with both suppliers and customers, means to the product development process.
In Chapter 7 we discussed the capital allocation decision. That decision governs how an investor chooses between risk-free assets and “the” optimal portfolio of risky assets. This chapter explains how to construct that optimal risky portfolio. We begin with a discussion of how diversification can reduce the variability of portfolio returns. After establishing this basic point, we examine efficient diversification strategies at the asset allocation and security selection levels.
In the previous chapters on risk and return relationships, we have treated securities at a high level of abstraction. We assumed implicitly that a prior, detailed analysis of each security already had been performed, and that its risk and return features had been assessed. in this chapter, we turn now to specific analyses of particular security markets. We examine valuation principles, determinants of risk and return, and portfolio strategies commonly used within and across the various markets.
In this chapter we turn to various strategies that bond portfolio managers can pursue, making a distinction between passive and active strategies. A passive investment strategy takes market prices of securities as fairly set. Rather than attempting to beat the market by exploiting superior information or insight, passive managers act to maintain an appropriate risk–return balance given market opportunities.
The purpose of this book is to provide an introduction to financial decisionmaking,
and the framework in which these decisions are made. The Basics
of Finance is an accessible book for those who want to gain a better understanding
of this field, but lack a strong business background. In this book,
we cover the essential concepts, tools, methods, and strategies in finance
without delving too far into theory.
Kaplan Test Prep and Admissions has helped more than 3 million students achieve their educational and career goals. With 185 centers and over 1,200 classroom locations throughout the United States and abroad, Kaplan provides a full range of services, including test-prep courses, admissions consulting, programs for international students, professional licensing preparation, and more. A Kaplan company since 2006, Kaplan Aspect is a leading provider of educational programs and services to students from over 100 countries worldwide.
The Foreword by renowned marketing guru Philip Kotler sets the stage for a comprehensive review of the latest strategies for building, leveraging, and rejuvenating brands. Destined to become a marketing classic, Kellogg on Branding includes chapters written by respected Kellogg marketing professors and managers of successful companies.
Founded in 1807, John Wiley & Sons is the oldest independent publishing company in the United States. With ofﬁces in North America, Europe, Australia, and Asia, Wiley is globally committed to developing and marketing print and electronic products and services for our customers’ professional and personal knowledge and understanding. The Wiley Finance series contains books written speciﬁcally for ﬁnance and investment professionals as well as sophisticated individual investors and their ﬁnancial advisors.
Traders can typically describe the methods they use to initiate and liquidate trades. However,
when forced to describe a methodology for the amount of capital to risk when trading, few
traders have a concrete answer. Some make vague references to experts that recommended
risking one or two percent of portfolio equity on any trade. Others rely on intuition to determine
when to increase position size on a particular trade, always risking different amounts.
Experienced traders learn that as important as it is to have an effective method to determine
when to trade, it is equally...
While consulting for a large company’s information technology (IT)
department, I was asked to help find a way to better manage the various
IT projects that were spread among all of its business units. The executives
wanted me to research tools that would help them prioritize the
projects so they would know which ones were healthy contributors to
the corporate strategy and which ones could be axed. The market in
which they were selling their products was slowing down, and they
wanted to centralize corporate governance and trim unnecessary IT
Market efficiency prevails when many investors are willing to depart from maximum
diversification, or a passive strategy, by adding mispriced securities to their portfolios in
the hope of realizing abnormal returns. The competition for such returns ensures that prices
will be near their “fair” values. Most managers will not beat the passive strategy on a riskadjusted
basis. However, in the competition for rewards to investing, exceptional managers
might beat the average forecasts built into market prices....