Friday, December 1, 2006

La questione della liceità dell'uso e del possesso delle armi nucleari (Thesis Excerpt)

BACCI-La-questione-della-liceità-dell-uso-e-del-possesso-delle-armi-nucleari-Dec-2006


Luglio 2005

La mattina del 16 luglio 1945, alle ore 5:29:45 ufficialmente il mondo è entrato nell'era atomica. In quel momento è avvenuta la prima esplosione nucleare, seppure come esperimento, di un ordigno atomico, in conseguenza di tutto il lavoro svolto dal Progetto Manhattan. Dopo appena tre settimane, le due città giapponesi di Hiroshima e Nagasaki furono devastate e distrutte per buona parte, in seguito a due esplosioni nucleari, questa volta utilizzate come armi di guerra. Il 14 agosto il Giappone si arrese e si chiuse, almeno da un punto di vista prettamente bellico, la seconda guerra mondiale.

La questione della liceità dell'uso e del possesso delle armi nucleari (Complete Thesis)

BACCI-La-questione-della-liceità-dell-uso-e-del-possesso-delle-armi-nucleari-Dec-2006


Luglio 2005

La mattina del 16 luglio 1945, alle ore 5:29:45 ufficialmente il mondo è entrato nell'era atomica. In quel momento è avvenuta la prima esplosione nucleare, seppure come esperimento, di un ordigno atomico, in conseguenza di tutto il lavoro svolto dal Progetto Manhattan. Dopo appena tre settimane, le due città giapponesi di Hiroshima e Nagasaki furono devastate e distrutte per buona parte, in seguito a due esplosioni nucleari, questa volta utilizzate come armi di guerra. Il 14 agosto il Giappone si arrese e si chiuse, almeno da un punto di vista prettamente bellico, la seconda guerra mondiale.

Nuclear Arms and International Humanitarian Law

BACCI-Nuclear-Arms-and-IHL-2004-Cover


December 31, 2004



Wednesday, February 22, 2006

Books Worth Reading: ECONOMICS IN ONE LESSON by Henry HAZLITT

77 Alessandro-Bacci-Middle-East-Blog-Books-Worth-Reading-Hazlitt-Economics-in-One-Lesson

ECONOMICS IN ONE LESSON

HENRY HAZLITT

From Amazon:

With over a million copies sold, Economics in One Lesson is an essential guide to the basics of economic theory. A fundamental influence on modern libertarianism, Hazlitt defends capitalism and the free market from economic myths that persist to this day.

Considered among the leading economic thinkers of the "Austrian School," which includes Carl Menger, Ludwig von Mises, Friedrich (F.A.) Hayek, and others, Henry Hazlitt (1894-1993), was a libertarian philosopher, an economist, and a journalist. He was the founding vice-president of the Foundation for Economic Education and an early editor of The Freeman magazine, an influential libertarian publication. Hazlitt wrote Economics in One Lesson, his seminal work, in 1946. Concise and instructive, it is also deceptively prescient and far-reaching in its efforts to dissemble economic fallacies that are so prevalent they have almost become a new orthodoxy.

Economic commentators across the political spectrum have credited Hazlitt with foreseeing the collapse of the global economy which occurred more than 50 years after the initial publication of Economics in One Lesson. Hazlitt's focus on non-governmental solutions, strong -- and strongly reasoned -- anti-deficit position, and general emphasis on free markets, economic liberty of individuals, and the dangers of government intervention make Economics in One Lesson every bit as relevant and valuable today as it has been since publication.





Books Worth Reading: THE OPTIONS PLAYBOOK by Brian OVERBY

76 Alessandro-Bacci-Middle-East-Blog-Books-Worth-Reading-Overby-The-Options-Playbook

THE OPTIONS PLAYBOOK

BRIAN OVERBY

From Amazon:

Get ready to sharpen your options game with the Options Playbook.

The Options Playbook was created to demystify options trading and teach all types of investors different plays for all market conditions.

Written by Brian Overby, Senior Options Analyst at Ally Invest, he'll give you clear, easy-to-understand explanations of more than 40 of the most popular option strategies broken down into a play-by-play format.

If you're new to options, head over to the Rookie's Corner for the basic definitions and concepts, common beginner mistakes to avoid and introductory plays to get your feet wet.

For more experienced traders, Brian dives into an expanded section on implied volatility explaining how this handy variable can be used to find the potential range of the stock over the options life. He provides a detailed section on pricing variables (Greeks) to help you understand how an option's price is affected by changes in market conditions. Plus, you'll learn how time decay and change in implied volatility can affect your trade after it's in place and how to recover if things don't go according to plan.

Like any good coach, Brian Overby's handy insights help you put theory into successful real-world trading without the confusing jargon and any unnecessary mumbo-jumbo.

Options involve risk and are not suitable for all investors. Please read Characteristics and Risks of Standardized Options that accompanies The Options Playbook and available at: ally.com/invest/ODD. Options investors may lose more than the entire amount invested in a relatively short period of time.

Securities products and services are offered through Ally Invest Securities LLC, member FINRA (finra.org) and SIPC (sipc.org). View Security Disclosures at ally.com/invest/disclosures/#securities. 

Ally Invest Securities LLC, Ally Invest Advisors Inc. Ally Invest Group Inc., P.O. Box 30248, Charlotte, NC 28230





Books Worth Reading: THE DAO OF CAPITAL by Mark SPITZNAGEL

75 Alessandro-Bacci-Middle-East-Blog-Books-Worth-Reading-Spitznagel-The-Dao-of-Capital

THE DAO OF CAPITAL

MARK SPITZNAGEL

From Amazon:

As today's preeminent doomsday investor Mark Spitznagel describes his Daoist and roundabout investment approach, “one gains by losing and loses by gaining.” This is Austrian Investing, an archetypal, counterintuitive, and proven approach, gleaned from the 150-year-old Austrian School of economics, that is both timeless and exceedingly timely.

In The Dao of Capital, hedge fund manager and tail-hedging pioneer Mark Spitznagel—with one of the top returns on capital of the financial crisis, as well as over a career—takes us on a gripping, circuitous journey from the Chicago trading pits, over the coniferous boreal forests and canonical strategists from Warring States China to Napoleonic Europe to burgeoning industrial America, to the great economic thinkers of late 19th century Austria. We arrive at his central investment methodology of Austrian Investing, where victory comes not from waging the immediate decisive battle, but rather from the roundabout approach of seeking the intermediate positional advantage (what he calls shi), of aiming at the indirect means rather than directly at the ends. The monumental challenge is in seeing time differently, in a whole new intertemporal dimension, one that is so contrary to our wiring.

Spitznagel is the first to condense the theories of Ludwig von Mises and his Austrian School of economics into a cohesive and—as Spitznagel has shown—highly effective investment methodology. From identifying the monetary distortions and non-randomness of stock market routs (Spitznagel's bread and butter) to scorned highly-productive assets, in Ron Paul's words from the foreword, Spitznagel “brings Austrian economics from the ivory tower to the investment portfolio.”

The Dao of Capital provides a rare and accessible look through the lens of one of today's great investors to discover a profound harmony with the market process—a harmony that is so essential today.





Books Worth Reading: ANTIFRAGILE by Nassim TALEB

74 Alessandro-Bacci-Middle-East-Blog-Books-Worth-Reading-Taleb-Antifragile

ANTIFRAGILE

NASSIM TALEB

From Amazon:

Antifragile is a standalone book in Nassim Nicholas Taleb’s landmark Incerto series, an investigation of opacity, luck, uncertainty, probability, human error, risk, and decision-making in a world we don’t understand. The other books in the series are Fooled by Randomness, The Black Swan, Skin in the Game, and The Bed of Procrustes.

Nassim Nicholas Taleb, the bestselling author of The Black Swan and one of the foremost thinkers of our time, reveals how to thrive in an uncertain world.

Just as human bones get stronger when subjected to stress and tension, and rumors or riots intensify when someone tries to repress them, many things in life benefit from stress, disorder, volatility, and turmoil. What Taleb has identified and calls “antifragile” is that category of things that not only gain from chaos but need it in order to survive and flourish.

In The Black Swan, Taleb showed us that highly improbable and unpredictable events underlie almost everything about our world. In Antifragile, Taleb stands uncertainty on its head, making it desirable, even necessary, and proposes that things be built in an antifragile manner. The antifragile is beyond the resilient or robust. The resilient resists shocks and stays the same; the antifragile gets better and better.

Furthermore, the antifragile is immune to prediction errors and protected from adverse events. Why is the city-state better than the nation-state, why is debt bad for you, and why is what we call “efficient” not efficient at all? Why do government responses and social policies protect the strong and hurt the weak? Why should you write your resignation letter before even starting on the job? How did the sinking of the Titanic save lives? The book spans innovation by trial and error, life decisions, politics, urban planning, war, personal finance, economic systems, and medicine. And throughout, in addition to the street wisdom of Fat Tony of Brooklyn, the voices and recipes of ancient wisdom, from Roman, Greek, Semitic, and medieval sources, are loud and clear.

Antifragile is a blueprint for living in a Black Swan world.

Erudite, witty, and iconoclastic, Taleb’s message is revolutionary: The antifragile, and only the antifragile, will make it.

Praise for Antifragile

“Ambitious and thought-provoking . . . highly entertaining.”—The Economist

“A bold book explaining how and why we should embrace uncertainty, randomness, and error . . . It may just change our lives.”—Newsweek





Books Worth Reading: THE BLACK SWAN by Nassim TALEB

73 Alessandro-Bacci-Middle-East-Blog-Books-Worth-Reading-Taleb-The-Black-Swan

 THE BLACK SWAN

NASSIM TALEB

From Amazon:

The Black Swan is a standalone book in Nassim Nicholas Taleb’s landmark Incerto series, an investigation of opacity, luck, uncertainty, probability, human error, risk, and decision-making in a world we don’t understand. The other books in the series are Fooled by Randomness, Antifragile, Skin in the Game, and The Bed of Procrustes.

A black swan is a highly improbable event with three principal characteristics: It is unpredictable; it carries a massive impact; and, after the fact, we concoct an explanation that makes it appear less random, and more predictable, than it was. The astonishing success of Google was a black swan; so was 9/11. For Nassim Nicholas Taleb, black swans underlie almost everything about our world, from the rise of religions to events in our own personal lives.

Why do we not acknowledge the phenomenon of black swans until after they occur? Part of the answer, according to Taleb, is that humans are hardwired to learn specifics when they should be focused on generalities. We concentrate on things we already know and time and time again fail to take into consideration what we don’t know. We are, therefore, unable to truly estimate opportunities, too vulnerable to the impulse to simplify, narrate, and categorize, and not open enough to rewarding those who can imagine the “impossible.”

For years, Taleb has studied how we fool ourselves into thinking we know more than we actually do. We restrict our thinking to the irrelevant and inconsequential, while large events continue to surprise us and shape our world. In this revelatory book, Taleb explains everything we know about what we don’t know, and this second edition features a new philosophical and empirical essay, “On Robustness and Fragility,” which offers tools to navigate and exploit a Black Swan world.

Elegant, startling, and universal in its applications, The Black Swan will change the way you look at the world. Taleb is a vastly entertaining writer, with wit, irreverence, and unusual stories to tell. He has a polymathic command of subjects ranging from cognitive science to business to probability theory. The Black Swan is a landmark book—itself a black swan.

Praise for Nassim Nicholas Taleb

“The most prophetic voice of all.”—GQ

Praise for The Black Swan

“[A book] that altered modern thinking.”—The Times (London)

“A masterpiece.”—Chris Anderson, editor in chief of Wired, author of The Long Tail

“Idiosyncratically brilliant.”—Niall Ferguson, Los Angeles Times

“The Black Swan changed my view of how the world works.”—Daniel Kahneman, Nobel laureate

“[Taleb writes] in a style that owes as much to Stephen Colbert as it does to Michel de Montaigne. . . . We eagerly romp with him through the follies of confirmation bias [and] narrative fallacy.”—The Wall Street Journal

“Hugely enjoyable—compelling . . . easy to dip into.”—Financial Times

“Engaging . . . The Black Swan has appealing cheek and admirable ambition.”—The New York Times Book Review





Books Worth Reading: FOOLED BY RANDOMNESS by Nassim TALEB

72 Alessandro-Bacci-Middle-East-Blog-Books-Worth-Reading-Taleb-Fooled-by-Randomness

FOOLED BY RANDOMNESS

NASSIM TALEB

From Amazon:

Fooled by Randomness is a standalone book in Nassim Nicholas Taleb’s landmark Incerto series, an investigation of opacity, luck, uncertainty, probability, human error, risk, and decision-making in a world we don’t understand. The other books in the series are The Black Swan, Antifragile, Skin in the Game, and The Bed of Procrustes.

Fooled by Randomness is the word-of-mouth sensation that will change the way you think about business and the world. Nassim Nicholas Taleb–veteran trader, renowned risk expert, polymathic scholar, erudite raconteur, and New York Times bestselling author of The Black Swan–has written a modern classic that turns on its head what we believe about luck and skill.

This book is about luck–or more precisely, about how we perceive and deal with luck in life and business. Set against the backdrop of the most conspicuous forum in which luck is mistaken for skill–the world of trading–Fooled by Randomness provides captivating insight into one of the least understood factors in all our lives. Writing in an entertaining narrative style, the author tackles major intellectual issues related to the underestimation of the influence of happenstance on our lives.

The book is populated with an array of characters, some of whom have grasped, in their own way, the significance of chance: the baseball legend Yogi Berra; the philosopher of knowledge Karl Popper; the ancient world’s wisest man, Solon; the modern financier George Soros; and the Greek voyager Odysseus. We also meet the fictional Nero, who seems to understand the role of randomness in his professional life but falls victim to his own superstitious foolishness.

However, the most recognizable character of all remains unnamed–the lucky fool who happens to be in the right place at the right time–he embodies the “survival of the least fit.” Such individuals attract devoted followers who believe in their guru’s insights and methods. But no one can replicate what is obtained by chance.

Are we capable of distinguishing the fortunate charlatan from the genuine visionary? Must we always try to uncover nonexistent messages in random events? It may be impossible to guard ourselves against the vagaries of the goddess Fortuna, but after reading Fooled by Randomness we can be a little better prepared.





Books Worth Reading: WARREN BUFFETT ACCOUNTING by Preston PYSH

71 Alessandro-Bacci-Middle-East-Blog-Books-Worth-Reading-Pysh-Warren-Buffett-Accounting


WARREN BUFFETT ACCOUNTING


From Amazon:

The Warren Buffett Accounting Book is the second volume learning experience to Warren Buffett's Three Favorite Books.

This book teaches:

1. Two methods for calculating the intrinsic value of a company

2. What is a discount rate and how does it work

3. Detailed instructions on how to read an income statement, Balance sheet, and cash flow statement

4. How to calculate important ratios to properly value any business




Books Worth Reading: WARREN BUFFETT'S THREE FAVORITE BOOKS by Preston PYSH

70 Alessandro-Bacci-Middle-East-Blog-Books-Worth-Reading-Pysh-Warren-Buffett's-Three-Favorite-Books


WARREN BUFFETT’S THREE FAVORITE BOOKS


From Amazon:

Did you know Warren Buffett, the world’s wealthiest stock investor, is quoted as saying three books have shaped his investment philosophy? For more than half a century, he used the information provided in these three books to go from nothing – to a massive $39 billion net worth. The three books that gave him this wisdom are: The Wealth of Nations (pub. 1776) by Adam Smith, Security Analysis (pub. 1934) by Benjamin Graham, and The Intelligent Investor (pub. 1949), also by Benjamin Graham.

In fact, Benjamin Graham was Buffett’s professor at Columbia and the most influential financial advisor he ever had.

So, have you ever tried reading Graham’s books? Many might agree the books are as exciting as listening to Ben Stein read the 30th page of The Wall Street Journal.

It is time we fixed that. Instead of keeping these billion-dollar secrets hidden behind thousands of pages of financial jargon, I wrote one simple guide – Warren Buffett’s Three Favorite Books.

If you’re looking for a guide that explains how the wealthy really think and buy assets, you’re in the right place. This isn’t a get-rich-quick book. Instead, this is where your investing techniques take a turn in the road. This book will teach you how to accumulate assets and become very wealthy over decades of wise decisions and proper asset valuation. The best part about the book is the methods are taught in an easy-to-follow and understandable scenario for all to enjoy!



Books Worth Reading: A GUIDE TO PROJECT FINANCING (2018 edition or future revised editions) by DENTONS

69 Alessandro-Bacci-Middle-East-Blog-Books-Worth-Reading-Dentons-A-Guide-to-Project-Financing

A GUIDE TO PROJECT FINANCING (2018 edition or more recent editions)


From Dentons’s website:

This guide looks at the use of project financing techniques, in particular as a means of financing large-scale infrastructure projects. It looks at all the parties engaged in project financing and their respective roles, including examining the role of export credit agencies and multilateral agencies. In addition to considering a variety of project structures and models it looks specifically at security and insurance issues and the sharing of risk.




Books Worth Reading: 2012 MODEL INTERNATIONAL JOA (or future revised versions) by the AIPN

68 Alessandro-Bacci-Middle-East-Blog-Books-Worth-Reading-AIPN-2012-Model-International-Joint-Operating-Agreement


2012 MODEL INTERNATIONAL JOINT OPERATING AGREEMENT (2012 edition or more recent editions)



From the A.I.P.N. website:

The Board of Directors of the Association of International Petroleum Negotiators (A.I.P.N.) published the most recent version of its Model International Joint Operating Agreement (J.O.A.) in 2012. However, an A.I.P.N. committee is currently undertaking the revision of the 2012 Model J.O.A. Among issues to be presently examined are whether there have been developments in the international petroleum industry over the past 7 years that make changes or additional clauses necessary, and whether any provisions (or alternative clauses) are no longer relevant.

The A.I.P.N.’s J.O.A. is the most widely used joint operating agreement in the international upstream oil and gas industry. It was first published by the A.I.P.N. in 1990, and then it was revised in 2002 and in 2012.

The A.I.P.N. publishes a series of hydrocarbon-related model contracts to facilitate the negotiation of energy transactions around the globe. The J.O.A., Guidance Notes to the J.O.A., and other model contracts can be found at the A.I.P.N.’s website, www.aipn.org.




Books Worth Reading: THE LITTLE BOOK OF COMMON SENSE INVESTING by John C. BOGLE

67 Alessandro-Bacci-Middle-East-Blog-Books-Worth-Reading-Bogle-The-Little-Book-of-Common-Sense-Investing


THE LITTLE BOOK OF COMMON SENSE INVESTING


From Amazon:

The best-selling investing "bible" offers new information, new insights, and new perspectives

The Little Book of Common Sense Investing is the classic guide to getting smart about the market. Legendary mutual fund  pioneer John C. Bogle reveals his key to getting more out of investing: low-cost index funds. Bogle describes the simplest and most effective investment strategy for building wealth over the long term: buy and hold, at very low cost, a mutual fund that tracks a broad stock market Index such as the S&P 500.

While the stock market has tumbled and then soared since the first edition of Little Book of Common Sense was published in April 2007, Bogle’s investment principles have endured and served investors well.  This tenth anniversary edition includes updated data and new information but maintains the same long-term perspective as in its predecessor. 

Bogle has also added two new chapters designed to provide further guidance to investors:  one on asset allocation, the other on retirement investing.

A portfolio focused on index funds is the only investment that effectively guarantees your fair share of stock market returns. This strategy is favored by Warren Buffett, who said this about Bogle: “If a statue is ever erected to honor the person who has done the most for American investors, the hands-down choice should be Jack Bogle. For decades, Jack has urged investors to invest in ultra-low-cost index funds. . . . Today, however, he has the satisfaction of knowing that he helped millions of investors realize far better returns on their savings than they otherwise would have earned. He is a hero to them and to me.”

Bogle shows you how to make index investing work for you and help you achieve your financial goals, and finds support from some of the world's best financial minds: not only Warren Buffett, but Benjamin Graham, Paul Samuelson, Burton Malkiel, Yale’s David Swensen, Cliff Asness of AQR, and many others.

This new edition of The Little Book of Common Sense Investing offers you the same solid strategy as its predecessor for building your financial future.

  • Build a broadly diversified, low-cost portfolio without the risks of individual stocks, manager selection, or sector rotation.
  • Forget the fads and marketing hype, and focus on what works in the real world.
  • Understand that stock returns are generated by three sources (dividend yield, earnings growth, and change in market valuation) in order to establish rational expectations for stock returns over the coming decade.
  • Recognize that in the long run, business reality  trumps market expectations.
  • Learn how to harness the magic of compounding returns while avoiding the tyranny of compounding costs.

While index investing allows you to sit back and let the market do the work for you, too many investors trade frantically, turning a winner’s game into a loser’s game. The Little Book of Common Sense Investing is a solid guidebook to your financial future.






Books Worth Reading: ON WRITING WELL by William ZINSSER

66 Alessandro-Bacci-Middle-East-Blog-Books-Worth-Reading-Zinsser-On-Writing-Well

ON WRITING WELL


From Amazon:

On Writing Well has been praised for its sound advice, its clarity and the warmth of its style. It is a book for everybody who wants to learn how to write or who needs to do some writing to get through the day, as almost everybody does in the age of e-mail and the Internet. Whether you want to write about people or places, science and technology, business, sports, the arts or about yourself in the increasingly popular memoir genre, On Writing Well offers you fundamental principles as well as the insights of a distinguished writer and teacher. With more than a million copies sole, this volume has stood the test of time and remains a valuable resource for writers and would-be writers.




Books Worth Reading: THE NEW GLOBAL ROAD MAP by Pankaj GHEMAWAT

65 Alessandro-Bacci-Middle-East-Blog-Books-Worth-Reading-Ghemawat-New-Global-Road-Map


THE NEW GLOBAL ROAD MAP


From Amazon:

What Globalization Now Means for Your Business

Executives can no longer base their strategies on the assumption that globalization will continue to advance steadily. But how should they respond to the growing pressures against globalization? And what can businesses do to control their destinies in these times of uncertainty?

In The New Global Road Map, Pankaj Ghemawat separates fact from fiction by giving readers a better understanding of the key trends affecting global business. He also explains how globalization levels around the world are changing, and where they are likely to go in the future. Using the most up-to-date data and analysis, Ghemawat dispels today's most dangerous myths and provides a clear view of the most critical issues facing policy makers in the years ahead.

Building on this analysis, with examples from a diverse set of companies across industries and geographies, Ghemawat provides actionable frameworks and tools to help executives revise their strategies, restructure their global footprints, realign their organizations, and rethink how they work with local governments and institutions.

In our era of rising nationalism and increased skepticism about globalization's benefits, The New Global Road Map delivers the definitive guide on how to compete profitably across borders.




Books Worth Reading: VALUE: THE FOUR CORNERSTONES OF CORPORATE FINANCE by Tim KOLLER, Richard DOBBS, and Bill HUYETT

64 Alessandro-Bacci-Middle-East-Blog-Books-Worth-Reading-Koller-Dobbs-Huyett-Value-Four-Cornerstones-Corporate-Finance


VALUE: THE FOUR CORNERSTONES OF CORPORATE FINANCE

TIM KOLLER, RICHARD DOBBS, AND BILL HUYETT

From Wiley’s website:

Description

An accessible guide to the essential issues of corporate finance

While you can find numerous books focused on the topic of corporate finance, few offer the type of information managers need to help them make important decisions day in and day out.

Value explores the core of corporate finance without getting bogged down in numbers and is intended to give managers an accessible guide to both the foundations and applications of corporate finance. Filled with in-depth insights from experts at McKinsey & Company, this reliable resource takes a much more qualitative approach to what the authors consider a lost art.

  • Discusses the four foundational principles of corporate finance

  • Effectively applies the theory of value creation to our economy

  • Examines ways to maintain and grow value through mergers, acquisitions, and portfolio management

  • Addresses how to ensure your company has the right governance, performance measurement, and internal discussions to encourage value-creating decisions

A perfect companion to Valuation, this book will put the various issues associated with corporate finance in perspective.




Books Worth Reading: CORPORATE FINANCE by Greg SHIELDS

63 Alessandro-Bacci-Middle-East-Blog-Books-Worth-Reading-Shields-Corporate-Finance


CORPORATE FINANCE


From Amazon:

This book contains five manuscripts:

  • Financial Reporting: The Ultimate Guide to Creating Financial Reports and Performing Financial Analysis

  • Business Valuation: The Ultimate Guide to Business Valuation for Beginners, Including How to Value a Business Through Financial Valuation Methods

  • Risk Management: The Ultimate Guide to Financial Risk Management as Applied to Corporate Finance

  • Financial Management: The Ultimate Guide to Planning, Organizing, Directing, and Controlling the Financial Activities of an Enterprise

  • Financial Statements The Ultimate Guide to Financial Statements Analysis for Business Owners and Investors

This bundle book explains corporate finance in a detailed, but business-friendly way. This isn't a package of textbooks to teach you how to become an accountant or a risk manager for a major bank; it's a package that will introduce you to the five basic areas of finance that make the most difference to investors and business managers.

With Corporate Finance: The Ultimate Guide to Financial Reporting, Business Valuation, Risk Management, Financial Management, and Financial Statements you will get

  • A book that is written in a style that's meant to be easy to read, whether you're grabbing five minutes at your desk over lunchtime or settling in for half an hour's unwind after a long day

  • Real-world examples so you can learn how to spot signs of stress at some companies before things go badly wrong, or how investment analysts might disagree widely on a valuation depending on which method they're using to value a stock

  • A look at how different banks have come a cropper by mismatching their funding and lending maturities, or how particular companies have tried to manage their exposure to commodities prices through running hedging operations

  • Insight into two sets of financial reports - one US and one European - to take a detailed look not just at how to calculate financial ratios, but at what they mean

  • Get information on how to carry out an analysis of a competitor, customer, or potential acquisition

Here are just a few reasons to pick up this book now and allow it to help you improve your financial skills:

  • Competitive analysis: By discovering how to take a really in-depth look at their financial statements, you can pinpoint where the extra profit comes from

  • Customer checks: you won't just get you a feeling for their creditworthiness now, but you will be able to see exactly where the pain points are - so that you know just where to look to spot any deterioration in their ability to pay

  • You'll discover how to mitigate risk

  • You'll learn how to make the right acquisitions by asking the right questions and ensure no one tries to pull the wool over your eyes

  • You'll discover how to achieve a better price if you ever were to sell a business

  • You'll learn what financial ratios are most important for your business, and how to budget effectively

  • You'll learn how to analyze your business's performance

  • You'll be able to deal with experts much better. For example, you'll know what an accountant is talking about when he says a competitor's revenue recognition policy is "on the aggressive side"

  • And much, much more!




Books Worth Reading: CORPORATE FINANCE by Terence C.M. TSE

62 Alessandro-Bacci-Middle-East-Blog-Books-Worth-Reading-Tse-Corporate-Finance


CORPORATE FINANCE


From Amazon:

Corporate Finance: The Basics is a concise introduction to the inner workings of finance at the company level. It aims to take the fear out of corporate finance and add the fun in, presenting the subject in a way that is simple to grasp and easy to digest. Its aim is to explain – and demystify – the essential ideas of corporate finance, avoiding the heavy use of maths and formulae. The calculations and figures in the book are purely to illustrate fundamental concepts, appealing to readers’ common sense, rather than stretch their ability to do "number-crunching".

Topics covered include:

·        Financial statements through the corporate finance lens

·        How to make investment decisions

·        Cash versus profit

·        Net working capital management

·        How to determine the value of a business

Through the use of a subject map, this book explains how the key components of the subject are connected with each other, strengthening the reader’s understanding. This book is the ideal introduction for anyone looking for a short yet scholarly overview of corporate finance.