Pitch the perfect investment the essential guide to winning on wall street
"Learn the overlooked skill that is essential to Wall Street success Pitch the Perfect Investment combines investment analysis with persuasion and sales to teach you the "soft skill" so crucial to success in the financial markets. Written by the leading authorities in investment pitc...
| Otros Autores: | , |
|---|---|
| Formato: | Libro electrónico |
| Idioma: | Inglés |
| Publicado: |
Hoboken, New Jersey :
Wiley
2017.
|
| Edición: | 1st ed |
| Colección: | Wiley finance series.
THEi Wiley ebooks. |
| Materias: | |
| Ver en Biblioteca Universitat Ramon Llull: | https://discovery.url.edu/permalink/34CSUC_URL/1im36ta/alma991009711807806719 |
Tabla de Contenidos:
- Intro
- Title Page
- Copyright
- Dedication
- Preface
- Notes
- Introduction
- Notes
- PART I THE PERFECT INVESTMENT
- Chapter 1 How to Value an Asset
- Three Primary Components of Value
- Gems
- Notes
- Chapter 2 How to Value a Business
- Defining Cash Flow
- How to Calculate Present Value Using a Discounted Cash Flow Model
- Predicting the Future Is Not Easy
- How to Calculate the Present Value of a Bond
- How to Calculate the Present Value of a Perpetuity
- How to Calculate the Present Value of a Business
- How to Calculate the Present Value of a Growing Cash Flow Stream Using a Two-Stage DCF Model
- How to Think About the Discount Rate
- Gems
- Notes
- Chapter 3 How to Evaluate Competitive Advantage and Value Growth
- Cash Flow Generated by Selling Assets
- Cash Flow Generated by Operating the Assets: Return on Invested Capital, Cost of Capital, and Excess Returns
- Gems
- Notes
- Chapter 4 How to Think About a Security's Intrinsic Value
- What is "Intrinsic Value"?
- Thinking of Intrinsic Value as a Range of Values
- Gems
- Notes
- Chapter 5 How to Think About Market Efficiency
- Market Efficiency Is More of a Concept Than a Law
- The Holy Grail of Money Management: Generating Alpha
- Generating Alpha Is a Zero-sum Game
- Defining Market Efficiency
- The Rules of Market Efficiency
- When the Rules of Market Efficiency Operate Flawlessly
- The Mechanism That Implements the Rules of Market Efficiency
- Gems
- Notes
- Chapter 6 How to Think About the Wisdom of Crowds
- "And the Oscar Goes to …"
- The Wisdom of Crowds Is Critical to Market Efficiency
- How the Wisdom of Crowds Implements the Rules of Market Efficiency
- Tenet 1-The Dissemination of Information
- Tenet 2-The Processing of Information
- Tenet 3-The Incorporation of Information.
- Examples Illustrating How the Wisdom of Crowds Implements the Rules of the Efficient Market Hypothesis
- The Wisdom of Crowds Applied to the Stock Market
- The Crowd Is Smarter Than the Experts Most of the Time
- How the Crowd Can be Fooled
- Gems
- Notes
- Chapter 7 How to Think About Behavioral Finance
- The Moody Mr. Market
- When the Wisdom of Crowds Becomes the Madness of Crowds
- Is the Crowd's Apparent Madness Irrational?
- How Can Fama and Shiller Both Be Right?
- The Magnetism of the Efficient Market Hypothesis
- Limits to Incorporation: When the Crowd Cannot Act
- The Efficient Market Hypothesis Remains "King of the Hill"
- Why Do We Care About Market Efficiency?
- Gems
- Notes
- Chapter 8 How to Add Value Through Research
- Informational Advantage
- Analytical Advantage
- Informational + Analytical Advantage
- Trading Advantage
- Catalysts
- Gems
- Notes
- Chapter 9 How to Assess Risk
- The Difference Between Risk and Uncertainty
- Confusing Uncertainty and Risk Causes Mispricings
- How Confusion of Risk and Uncertainty Manifests in the Wisdom of Crowds Framework
- When Uncertainty Becomes Risk
- Margin of Safety Is Really All about Risk
- A More Certain Business Can Actually Be Riskier
- Time Matters . . . and Matters a Lot . . .
- How Increased Accuracy and Precision in Estimating Intrinsic Value Affects Risk
- How Increased Accuracy and Precision in Estimating Time Horizon Affects Risk
- Risk and Variant Perception-Skewing the Distribution in the Investor's Favor
- The Risk of Underperforming
- Gems
- Notes
- PART II THE PERFECT PITCH
- Chapter 10 How to Select a Security
- The Importance of Matching a Portfolio Manager's Schema
- Identifying a Manager's Fundamental Criteria
- What Went Wrong?
- Identifying a Manager's Valuation Criteria
- Other Barriers to Adoption.
- Overcome Barriers by Learning How to Read a Portfolio Manager's Mind
- Other Communication Pitfalls
- Gems
- Notes
- Chapter 11 How to Organize the Content of the Message
- How to Capture and Keep a Portfolio Manager's Attention
- Constructing a Formidable Argument Using the Toulmin Model
- The Stress-Tested Argument
- Gems
- Notes
- Chapter 12 How to Deliver the Message
- The 30-Second Hook
- The Two-Minute Drill
- Make It Easy for Them
- Topography of a Simple Slide Deck
- How to Handle Q&
- A?
- Stock Pitching Contests
- Delivering the Message-You Are the Envelope
- Anatomy of a Meeting
- Other Not So Obvious Barriers to Communication
- How Do You Get to Carnegie Hall?
- Gems
- Notes
- Acknowledgments
- Notes
- Art Acknowledgments
- About the Authors
- Index
- EULA.
