ESSENTIAL - INVESTMENT

Entries include Advance-decline line, Arbitrage, , Bear squeeze, Black-Scholes option pricing model, Bottom fishing, Capital asset pricing model, Chartist, Covariance, Dead cat bounce, Dow theory, Efficient frontier, Equity risk premium, Fibonacci numbers, Floating rate note, Futures, Gann theory, Golden cross, Grey market, Hedge ratio, Indifference curve, Internal rate of return, Japanese candlesticks, Kondratief cycle, LIFFE, Mark to market, Noise trader, Odd-lot theory, On-the-run bond, Portfolio theory, Price-to-book ratio, Qualitative analysis, Random walk, Rule of twenty, Security analysis, Straddle, Tobin's Q, Trading collar, Unsystematic risk, Vanilla, Volatility, Warrant, Yield gap, Zero coupon bond Also included as appendices are * A raft of facts and figures about stockmarket performance over the years * Investment formulas.

Stockmarkets have soared and slumped, highlighting the risks of investing in stocks and shares. Everyone wants to buy low and sell high. But it's not easy to do so: the performance of most professional fund managers is no better, and often worse, than the indices for the markets in which they invest. But any strategy for investment requires a level of knowledge that goes beyond the basics. The book provides just that: a clear explanation of the complexity & jargon of the inv. business.