Active Portfolio Management Advanced Fixed-Income Valuation Tools The Day Traders Electronic Day Trading Made Easy Understanding Electronic Day Trading Expert Trading Systems The Trader's Tax Solution
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 Active Portfolio Management: A Quantitative Approach For Producing Superior Returns And Controlling Risk (596 pages, $70 hardcover, 2000, ISBN 0070248826), by Richard C. Grinold and Ronald N. Kahn, published by McGraw-Hill. This mathematically rigorous and meticulously organized book outlines an innovative process to uncover raw signals of asset returns. It then develops them into refined forecasts to construct portfolios that combine exceptional return and minimal risk. That was in 1994. This second edition now sets the bar even higher. It outlines an active management framework that begins with a benchmark portfolio, then defines exceptional returns as they relate to that benchmark. It sheds new light on some of today's most pressing issues, including risk, dispersion, market impact, and performance analysis, while providing empirical evidence where appropriate. The result is an updated, comprehensive set of strategic concepts and rules of thumb for guiding the process of -- and increasing the profits from -- active investment management.
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Advanced Fixed-Income Valuation Tools (414 pages, $79.95 hardcover, 2000, ISBN 0471254193), edited by Narasimhan Jegadeesh and Bruce Tuckman, published by John Wiley & Sons. In response to intense competition and higher market volatility, players in the fixed-income market now demand increasingly sophisticated valuation tools. Cutting-edge players today need a deep understanding of how convexity and risk permia affect bond yields and returns; of how multifactor term structure models can improve hedging performance; and of how to improve the accuracy and efficiency of Monte Carlo analysis. This book brings together contributions from 24 finance professionals and academics from top investment banks, consulting firms, and universities. Topics covered include: the similarities and differences among term structure models; multifactor models and models with jumps; modeling credit risk; the muni-Treasury spread; foreign currency options; and efficient numerical valuation techniques. This book arms the reader with the knowledge and tools needed to succeed in the competitive and rapidly evolving field of quantitative fixed-income investing and trading.
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The Day Traders: The Untold Story Of The Extreme Investors And How They Changed Wall Street Forever (253 pages, $25 hardcover, 1999, ISBN 0812931866), by Gregory J. Millman, published by Times Books, a division of Random House. This book goes behind the scenes to reveal the truth about a modern gold rush that has people from all walks of life playing the market online, in real time, just like Wall Street's biggest pros. This is the story of the extreme investing scene, where the upside dazzles and the threat of financial injury is dire. The markets we know as "Wall Street" will never be the same. This is a story of people testing themselves against almost impossible odds. Step inside a daytrading course and take an objective look at the methods and lessons of the game. Meet other would-be traders, all eager to join the virtual gold rush and try their luck at a high-stakes game whose first rule is: Forget everything you ever knew about investing.
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Electronic Day Trading Made Easy (335 pages, $29.95 hardcover, 1999, ISBN 0761521348), by Misha T. Sarkovich, published by Prima Publishing. Once limited to the major players on Wall Street, daytrading has become a dynamic, ultracompetitive tool for individual investors. Some traders make hundreds of thousands of dollars a year, but many others lose their life savings. The key to successful daytrading is not based on luck. It is based on skill, discipline, and determination. In this book, Sarkovich shows you how to balance the risks and rewards of daytrading to maximize your long-term success. In it, you will discover ways to develop your own strategy and risk management tools, analyze real-time price data properly, forecast trade signals, and more. It also includes a step-by-step guide that can be used with an online, interactive Website, where you can experience the world of daytrading without risking any real money.
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Understanding Electronic Day Trading: Every Investor's Guide To Wall Street's Hottest Phenomenon (208 pages, $21.95 hardcover, 2000, ISBN 0071351523), by Carol Troy, published by McGraw-Hill. Hundreds of thousands of online traders are building solid futures. Many started with little more than a few dollars, a home computer, and some simple lessons from someone who had been there before. Now you can join them. This book takes you inside online trading and provides an overview of electronic trading today, and what you will need to do to open your own account. Unlike years past, when Wall Street traders were forced to pay thousands of dollars a month to buy information, you can use your personal computer to get financial news and real-time quotes online. No longer are the workings of the market hidden behind curtains and double-talk. When you see a favorable price, you can lock in a lightning-fast trade execution. If you don't like the price, you can simply walk away. It's a new way of looking at investing, and it's available to everyone.
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Expert Trading Systems: Modeling Financial Markets With Kernel Regression (235 pages, $59.95 hardcover, 2000, ISBN 0471345083), by John R. Wolberg, published by John Wiley & Sons. Investors and traders have long relied upon mathematical models to forecast changes in stock prices and market volatility. Until recently, two distinct approaches have dominated the field: technical analysis and fundamental analysis. Now, thanks to the increase in low-cost computing power, powerful new methods have emerged known as multidimensional nonlinear computer modeling. This book focuses on one of the most important of these new methods, kernel regression: a nonlinear, nonparametric modeling technique capable of handling massive amounts of diverse data and generating predictions with the speed and accuracy of neural networks, using a mere fraction of the computing power. This is a guide to this powerful price and modeling technique.
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The Trader's Tax Solution: Money-Saving Strategies For The Serious Investor (546 pages, $59.95 hardcover, 2000, ISBN 0471370045), by Ted Tesser, published by John Wiley & Sons. This comprehensive guide provides solutions for the tax problems facing most US traders, investors, and income earners today -- excessive tax payments to federal and local governments, insufficient preparation for retirement, and the fate of bequest. Here are invaluable business, estate, retirement planning, and tax-saving strategies that virtually anyone can implement. Specific information is included to help traders reduce their tax liability, with individual case studies, real examples, and model tax returns. Here's how to disinherit the federal government, use education tax breaks, master the basics of estate planning, use the annual gift tax exemption, uphold trader status -- even under audit -- and augment underfunded retirement plans and a great deal more.
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