Five Things You Must Know About the Fed

To the beginner investor and most noninvestors, it seems as though the Federal Reserve System acts in a cloak-and-dagger manner. Eight times a year, the Federal Open Market Committee issues its determination for policy on the federal funds rate, and this tends to be the most covered and visible action that comes out of the Fed. But as recent events show, there is more that … [ Read more ]

CAPM: The Dangers of Calculated Risk

The Capital Asset Pricing Model (CAPM) is one of the most widespread asset pricing models in the financial world, but did you know that its results are not so reliable? According to Professor Pablo Fernández and researcher José Maria Carabias, both of IESE, it is possible to obtain an “Ã la carte” Beta coefficient. Should we thus blindly entrust the results of our investments … [ Read more ]

Looking for a Company to Run? Search Funds Could Be the Answer

For those entrepreneurs who want to run a company but prefer to skip the start-up stage, search funds offer a possible alternative. A specialized form of private equity first launched in the mid-1980s, search funds are becoming increasingly popular — and their supporters claim they can offer investors attractive returns and business owners a compelling exit strategy. What does this trend in private equity mean … [ Read more ]

Financial Valuation: Applications and Models

This book brings together thirty nationally recognized names in the valuation industry hailing from a variety of professional specializations-including accounting, business appraisal, and financial analysis-to provide practitioners with an indispensable reference on various valuation issues. Assembled by valuation authority James Hitchner, these contributors analyze, explain, and collaborate on the most effective valuation procedures to share real-world applications in the field of financial valuation.

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Managing Cash Flow