Asset & Risk Management by Louis Esch

Product Description

The aim of this book is to study three essential components of modern finance – Risk Management, Asset Management and Asset and Liability Management, as well as the links that bind them together.

It is divided into five parts:

* Part I sets out the financial and regulatory contexts that explain the rapid development of these three areas during the last few years and shows the ways in which the Risk Management function has developed recently in financial institutions.
* Part II is dedicated to the underlying theories of Asset Management and deals in depth with evaluation of financial assets and with theories relating to equities, bonds and options.
* Part III deals with a central theory of Risk Management, the general theory of Value at Risk or VaR, its estimation techniques and the setting up of the methodology.
* Part IV is the point at which Asset Management and Risk Management meet. It deals with Portfolio Risk Management (the application of risk management methods to private asset management), with an adaptation of Sharpe’s simple index method and the EGP method to suit VaR and application of the APT method to investment funds in terms of behavioural analysis.
* Part V is the point at which Risk Management and Asset and Liability Management (ALM) meet, and touches on techniques for measuring structural risks within the on and off balance sheet.

The book is aimed both at financial professionals and at students whose studies contain a financial aspect.

"Esch, Kieffer and Lopez have provided us with a comprehensive and well written treatise on risk. This is a must read, must keep volume for all those who need or aspire to a professional understanding of risk and its management."
—Harry M Markowitz, San Diego, USA
Product Details

* Amazon Sales Rank: #737099 in Books
* Published on: 2005-03-25
* Number of items: 1
* Binding: Hardcover
* 424 pages

Editorial Reviews

From the Inside Flap
This book provides a very useful teaching tool suitable for use by both undergraduates and post-graduates, who have chosen to include a financial element in their studies. There are many numbered illustrations and a CD-Rom for practical application.

The work is also aimed at professionals working in the market (private or business fund managers or pension managers, market operators and business managers), risk managers and asset and liability managers, auditors and people working generally in the field of risk management.

From the Back Cover
The aim of this book is to study three essential components of modern finance – Risk Management, Asset Management and Asset and Liability Management, as well as the links that bind them together.

It is divided into five parts:

* Part I sets out the financial and regulatory contexts that explain the rapid development of these three areas during the last few years and shows the ways in which the Risk Management function has developed recently in financial institutions.
* Part II is dedicated to the underlying theories of Asset Management and deals in depth with evaluation of financial assets and with theories relating to equities, bonds and options.
* Part III deals with a central theory of Risk Management, the general theory of Value at Risk or VaR, its estimation techniques and the setting up of the methodology.
* Part IV is the point at which Asset Management and Risk Management meet. It deals with Portfolio Risk Management (the application of risk management methods to private asset management), with an adaptation of Sharpe’s simple index method and the EGP method to suit VaR and application of the APT method to investment funds in terms of behavioural analysis.
* Part V is the point at which Risk Management and Asset and Liability Management (ALM) meet, and touches on techniques for measuring structural risks within the on and off balance sheet.

The book is aimed both at financial professionals and at students whose studies contain a financial aspect.

"Esch, Kieffer and Lopez have provided us with a comprehensive and well written treatise on risk. This is a must read, must keep volume for all those who need or aspire to a professional understanding of risk and its management."
—Harry M Markowitz, San Diego, USA

About the Author
Louis Esch Doctor of Mathematical Science at the University of Liège, and a researcher there in the Department of Probability Theory and Mathematical Statistics. He currently teaches quantitative methods and financial modelling at the School of Higher Business Studies in Liège, where he is science manager for post-graduate education in Finance and Insurance and President of the "Quantitative Management Methods" unit. He is also conference master at the University of Liège.

Robert Kieffer Treasurer at Banque Degroof Luxembourg SA, honorary board member of ACI Luxembourg and Course Manager at the Luxembourg Institute of Banking Training.

Thierry Lopez Certificated Business Engineer at the School of Higher Business Studies in Liège, and manager of the Risk Management Group at Kredietbank SA in Luxembourg, Conference Master at the University of Liège, Professor of Honour at the School of Higher Business Studies in Liège, Course Manager at the Luxembourg Institute of Banking Training and at the Luxembourg Risk Management Finance Technology Transfer Agency, Honorary President and Vice-President of PRIM (Luxembourg Association of Risk Management Professionals).

Assisted by: Christian Berbé, Pascal Damel, Michel Debay, Jean-François Hannosset.

Bringing Out the Best in Yourself at Work: How to Use the Enneagram System for Success by Ginger Lapid-Bogda

Product Description


A proven system for improving your own work and for working better in a team

Used by such organizations as the Walt Disney Company, Silicon Graphics, the Federal Reserve Bank, and the CIA, the Enneagram is a proven psychological system based on nine number types that helps people achieve self-awareness and develop strategic approaches to interpersonal interactions. In Bringing Out the Best in Yourself at Work, Enneagram teacher and business consultant Ginger Lapid-Bodga shows professionals how to apply this popular tool to their work as a way to improve their productivity and help them build positive relationships among coworkers. This practical guide explains how to use the Enneagram to:
Communicate more effectively
Provide constructive feedback
Prevent and resolve conflict
Bring out their strongest leadership skills
Discover methods for professional development
Work better in teams
Product Details
Amazon Sales Rank: #160597 in Books
Published on: 2004-07-01
Number of items: 1
Binding: Paperback
288 pages
Editorial Reviews

From the Back Cover

Acclaim for Bringing Out the Best in Yourself at Work

"This is the first Enneagram book that I have endorsed. The Enneagram is a powerful tool for self-understanding--the gist of emotional healing and a major factor in personal evolution. Here is a good book undertaking to bring the Enneagram to the business world at a time when it has become apparent that the business world controls the world and that our fate depends on the psychospiritual condition of those in it."
--Claudio Naranjo, M.D., Enneagram pioneer and author of Character and Neurosis: An Integrative View

"This solid, well-written book can be used by those new to the Enneagram and those who already know the system and want ways to apply it in the business world."
--Don Riso and Russ Hudson, founders of the Enneagram Institute and authors of the bestselling The Wisdom of the Enneagram

"User-friendly. . . . Ginger Lapid-Bogda's explanation and interpretation of the Enneagram way of learning more about one's self is unsurpassed."
--W. Warner Burke, Ph.D., author of Organization Change: Theory and Practice

"A must-have for your 'go-to' bookshelf."
--Beverly Kaye, Ph.D., co-author of the internationally bestselling Love 'Em or Lose 'Em: Getting Good People to Stay

The Enneagram is a popular, proven psychological system for determining personality types as a path for self-improvement. Now, Enneagram teacher and organizational consultant Ginger Lapid-Bogda gives clear, easy-to-follow instruction for using this powerful tool in the workplace, including techniques for bringing out your strongest leadership skills, improving your weaker areas, and preventing and resolving conflict. You'll work better, increase the effectiveness of your teams, and build relationships with your coworkers.

About the Author

Ginger Lapid-Bodga, Ph.D. (Santa Monica, CA), is the president-elect of the International Enneagram Association for 2004. As a business consultant, she frequently speaks to companies such as CBS, Disney, GE, P&G, McDonald's, and Time Warner as well as at professional conferences. She is also an internationally recognized Enneagram teacher.
Customer Reviews

A great complement to any management course!
I have managed teams for the past 15 years, and I recently read several books about the enneagram. This one is definitely a must read for all managers but also for anyone working! It gives great pointers on communicating effectively, tips on how to give feedback, how to resolve conflicts, how to create high-performing teams... Beyond the real-life examples, there is also a summary of what you can do that will work well with all types, since we don't always know what type our team members or coworkers are. I also liked the recommended daily activities.

Very easy to read, and yet exhaustive on the subject, it has become one of my favorite management books.

Finally...
The genuine nugget in this book is its use of the Enneagram to move forward the original Center for Creative Leaderhip research about what derails successful professionals. Lapid-Bogna's gift is to communicate the most profound and deeply thoughtful insights with deceptively casual language. I agree it needs to be read twice: Once to understand the techniques it describes, and a second time to appreciate how she builds on her hard-earned understanding of what works and doesn't work in OD and career development. Then, consider reading it a third time to appreciate the Enneagram for the doors it opens to truly deep personal growth. Not just another book written as a practice-building marketing piece for the author. It contains enough material for at least two books.

The most practical enneagram book out there for business applications
I love this book. I am an executive coach and I find this very useful for helping my Enneagram-aware clients apply the model directly and quickly to work situations -- to help debug relationships, communications, conflilct, etc.

I especially like Lapid-Bogda's distinctions and examples around "Pinch" and "Crunch" for each of the types.

I don't know of any other books except Michael Goldberg's "The Nine Ways of Working" that fill this business-application niche quite so well.

Highly recommended for those who need a practical, hands-on way of using the Ennegram in day to day work interactions.

1,001 Ways to Get Promoted

Product Details

* Amazon Sales Rank: #1451491 in Books
* Published on: 2000-01
* Number of items: 1
* Binding: Paperback
* 255 pages

Editorial Reviews

Book Info
Presents how to do a better job of self-promotion. Offers 1001 techniques and true life stories covering all the critical promotional functions, including how to identify your promotional strategies and fit them into a master plan. Softcover. DLC: Career development.
Customer Reviews

A Good Read!4
If you're just beginning your career or if you're stalled and wondering why you're not progressing up the ladder, you will find David E. Rye's basic book quite useful. His credo: Use self-promotion to attain professional promotion. Don't be misled by the gimmicky title. This is not a list of 1,00l ways to land that promotion. Instead, Rye builds his book around seven strategies that let everyone know you are management material. We [...] like one thing in particular - at pivotal points in each chapter, Rye recommends books that will take you further into the particular subject that chapter covers. This is a great idea, and more business books should refer onward this way. So, if you're just starting out or if you need a boost up the corporate ranks, this book will tell you how to climb, or at least tell you where to go to find out what you need to know.

Nice idea, but where is the delivery ?3
I read about a third of the book before giving up. I found it to be useful from the point of view of identifying and rating ones own skills, but it then went on about powerplays in the workplace. While this is an essential part of promotions, it is not a good long term strategy if the principle one wants to adopt is to be promoted on merit.

The book (or at least what I read) lacked any discussion on exercising the brain so that one can improve their methodology. Doing this would help one improve the quality of their work, and then achieve their promotional goals. Its just a different way of getting there but in a way that promotes ones confidence in their own work.

The overall theme of the book was to offer self improvement in many key areas, but it seemed to focus on how to respond to situations, not how to create them. Maybe I'm wrong. Maybe I should finish reading it.

A Great Book - One of a Kind5
In the work place, we all know that we are good and believe that is all that it takes to get ourselves promoted, automatically. Mr. Rye does an excellent job of pointing out that this may not happen unless you take action to promote yourself every day. He gives you well over 1,001 ways to do that. I use it as a daily reference book and it has already helped me get the promotion that I have always wanted. I'm already working on my next promotion, thanks to Mr. Rye's advice.

Investment Science by David G. Luenberger

Product Description

Fueled in part by some extraordinary theoretical developments in finance, an explosive growth of information and computing technology, and the global expansion of investment activity, investment theory currently commands a high level of intellectual attention. Recent developments in the field
are being infused into university classrooms, financial service organizations, business ventures, and into the awareness of many individual investors. Modern investment theory using the language of mathematics is now an essential aspect of academic and practitioner training.
Representing a breakthrough in the organization of finance topics, Investment Science will be an indispensable tool in teaching modern investment theory. It presents sound fundamentals and shows how real problems can be solved with modern, yet simple, methods. David Luenberger gives thorough yet
highly accessible mathematical coverage of standard and recent topics of introductory investments: fixed-income securities, modern portfolio theory and capital asset pricing theory, derivatives (futures, options, and swaps), and innovations in optimal portfolio growth and valuation of multiperiod
risky investments. Throughout the book, he uses mathematics to present essential ideas of investments and their applications in business practice. The creative use of binomial lattices to formulate and solve a wide variety of important finance problems is a special feature of the book.
In moving from fixed-income securities to derivatives, Luenberger increases naturally the level of mathematical sophistication, but never goes beyond algebra, elementary statistics/probability, and calculus. He includes appendices on probability and calculus at the end of the book for student
reference. Creative examples and end-of-chapter exercises are also included to provide additional applications of principles given in the text.
Ideal for investment or investment management courses in finance, engineering economics, operations research, and management science departments, Investment Science has been successfully class-tested at Boston University, Stanford University, and the University of Strathclyde, Scotland, and used
in several firms where knowledge of investment principles is essential. Executives, managers, financial analysts, and project engineers responsible for evaluation and structuring of investments will also find the book beneficial. The methods described are useful in almost every field, including
high-technology, utilities, financial service organizations, and manufacturing companies.
Product Details
Amazon Sales Rank: #69936 in Books
Published on: 1997-07-03
Number of items: 1
Binding: Hardcover
512 pages
Editorial Reviews

Review
"A great book. Professor Luenberger has created a masterpiece that can serve as both an excellent introduction for novices and as a rich source of examples and well explained fundamental principles for more advanced readers."--Milan Lukic, University of Wisconsin-Oshkosh

"Outstanding book. Very intuitive development of a reasonably mathematical subject. Log-optimal integrated into main budget theory. Excellent."--Edwin T. Burton, University of Virginia

"An excellent text. It is unique in being as precise as a mathematically oriented reader could wish re: financial jargon."--Viswanath Ramakrishna, University of Texas at Dallas

Advance Praise

"Options and continuous-time finance are important enough to warrant a whole course in MBA programs. David Luenberger's book makes continuous time finance accessible to any student who has mastered elementary calculus and probability theory, and motivates the subject by using it to solve a broad range of option-type problems relating to stock, bond, and commodity markets." -- Jack Treynor, President, Treynor Capital Management, Inc.

"This textbook takes a refreshing approach to the science of investing. It is extremely well-written. Financial principles and ideas are laid out clearly and in an orderly fashion. The proofs to theorems are elegant yet intuitive." -- Joseph Cherian, Department of Finance, School of Management, Boston University

"Investment Science is a wonderful textbook treatment of investment theory for the quantitatively-minded undergraduate or masters student. This book is typical of David Luenberger's uncanny way of simplifying complex technical material without loss of rigor. He divides and conquers the subject, starting with the basics of simple fixed-income securities, and building up to the valuation and hedging of derivative securities in a dynamic setting under uncertainty. There is a lovely interplay of arbitrage calculations, portfolio selection for individual investors, and market equilibrium. The book will be especially valuable for those entering the subject from other quantitative fields."--Darrell Duffie, Stanford University Graduate School of Business

"The book is very clearly written and introduces advanced concepts (e.g. duration and convexity of bonds) in relatively simple and intuitive ways early in the book. There are lots of carefully thought out examples to illustrate important points and applications of particular methodologies. Overall, the book does a great job of taking a reader who knows essentially nothing about finance from very basic concepts up through rather advanced valuation topics." -- James E. Hodder, University of Wisconsin-Madison

"This text is a breakthrough in the organization of very important theory." --Lloyd Nirenberg, Director, Business Development, National Semiconductor Corp.

"This book provides great insights and practical approaches for anyone interested in the relation between markets and decisions. It is written in a unique and creative manner." --Nick V. Arvanitidis, CEO,IDEA GmbH., and Former CEO, Sequus Pharmaceuticals

About the Author
David G. Luenberger, Professor in Engineering-Economics Systems and Operations Research, Stanford University. He has written several successful books with Addison-Wesley and John Wiley publishers.
Customer Reviews

The book's a book
The book was fine, but the shipping was absolutely horrible. This is the first and last time I ever try to buy a textbook online - I hate UPS!

It might be a good finance book,
but it's a terrible math book.

Too often, explanations, examples, and problems do not clearly explain the meanings of variables and applicable assumptions. This poor presentation of material makes the book barely usable to someone trying to learn the material for the first time.

superb coverage of subject matter
Prof. Luenberger currently teaches at Stanford and this book is used as the textbook for a 2-quarter series in investment science there. The coverage is concise and the math is manageable and yet extremely practical. I agree that this an excellent self-study book in the subject of investment science.