financial books

“Fundamentals of Investment Management” (by Geoffrey Hirt and Stanley Block) – a Financial Book Review

Sometimes you can observe that what you are doing is not really working. Sometimes you think – “what if I would change my methods? What if I would go back to the basics?”. In my opinion, the investments management is not different – no matter how many new investing techniques you learn, no matter how many investment blogs you are reading, you still have to go back to the fundamental theory and revisit it. It is useful to do it at least each couple of years, since the human mind has the nasty habit to forget essential principles. Take a quick test – what do you remember from the high-school mechanics of physics? (please do not do it if you are a physicist :)) ).

McGraw Hill’s handbook called “Fundamentals of Investment Management” is one of those books which make your bookshelf bend, but still you will never ever give up to it, since it is packed with useful references. It takes you from the very basics of the securities and the financial markets, feeding you with lots of definitions and context cases. Nothing really new for McGraw Hill Professional, which stands above other publishing houses for its teaching orientation. What is interesting is its relative completeness – takes you from the tyoes of investments to alternative methods of investing.Read More »“Fundamentals of Investment Management” (by Geoffrey Hirt and Stanley Block) – a Financial Book Review

Freefall by Joseph Stiglitz – A Book Review

I must admit I was a bit impatient when I saw the book being postponed for publishing for February 2010. Not only because “Freefall – America, Free Markets, and the Sinking of the World Economy” by the famous Joseph Stiglitz is a book which promissed to demistify the current prolonged global crisis in a more academic manner (read – with some stone hard economic analysis behind, not the small talk books written usually on the topic). I was expecting it with impatience also because Stiglitz is a non-compromises author – he does not fiddle around the topics, but shoots and moves ahead. And my expetations were actually a bit exceeded.
So, an “Freefall” is an economics book about the recent global crisis and how it spread from US to the rest of the world. I think that besides me, the first one thousand copies were bought by the following characters:
– president Obama and his financial advisors;
– ex- double president Bush, Alan Greenspan and all the economic advisors who accompanied him and
– the bankers who invented lots of arguments to get trillions of dollars in cheap loans from the US government to make even more profits.Read More »Freefall by Joseph Stiglitz – A Book Review