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Worth A Thousand Words

Arbitrage, Hedging, and Speculation PDF Author: Ephraim Clark
Publisher: Greenwood Publishing Group
ISBN: 1567205828
Category : Business & Economics
Languages : en
Pages : 221

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Book Description
Explains the $1.5 trillion-a-day foreign exchange market, its trading structure, and the global environment in which it operates.

Arbitrage, Hedging, and Speculation

Arbitrage, Hedging, and Speculation PDF Author: Ephraim Clark
Publisher: Greenwood Publishing Group
ISBN: 1567205828
Category : Business & Economics
Languages : en
Pages : 221

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Book Description
Explains the $1.5 trillion-a-day foreign exchange market, its trading structure, and the global environment in which it operates.

Louis Bachelier's Theory of Speculation

Louis Bachelier's Theory of Speculation PDF Author: Louis Bachelier
Publisher: Princeton University Press
ISBN: 1400829305
Category : Business & Economics
Languages : en
Pages : 208

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Book Description
March 29, 1900, is considered by many to be the day mathematical finance was born. On that day a French doctoral student, Louis Bachelier, successfully defended his thesis Théorie de la Spéculation at the Sorbonne. The jury, while noting that the topic was "far away from those usually considered by our candidates," appreciated its high degree of originality. This book provides a new translation, with commentary and background, of Bachelier's seminal work. Bachelier's thesis is a remarkable document on two counts. In mathematical terms Bachelier's achievement was to introduce many of the concepts of what is now known as stochastic analysis. His purpose, however, was to give a theory for the valuation of financial options. He came up with a formula that is both correct on its own terms and surprisingly close to the Nobel Prize-winning solution to the option pricing problem by Fischer Black, Myron Scholes, and Robert Merton in 1973, the first decisive advance since 1900. Aside from providing an accurate and accessible translation, this book traces the twin-track intellectual history of stochastic analysis and financial economics, starting with Bachelier in 1900 and ending in the 1980s when the theory of option pricing was substantially complete. The story is a curious one. The economic side of Bachelier's work was ignored until its rediscovery by financial economists more than fifty years later. The results were spectacular: within twenty-five years the whole theory was worked out, and a multibillion-dollar global industry of option trading had emerged.

Speculation

Speculation PDF Author: Stuart Banner
Publisher: Oxford University Press
ISBN: 0190623047
Category : Business & Economics
Languages : en
Pages : 353

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Book Description
What is the difference between a gambler and a speculator? Is there a readily identifiable line separating the two? If so, is it possible for us to discourage the former while encouraging the latter? These difficult questions cut across the entirety of American economic history, and theperiodic failures by regulators to differentiate between irresponsible gambling and clear-headed investing have often been the proximate causes of catastrophic economic downturns. Most recently, the blurring of speculation and gambling in U.S. real estate markets fueled the 2008 global financialcrisis, but it is one in a long line of similar economic disasters going back to the nation's founding.In Speculation, author Stuart Banner provides a sweeping and story-rich history of how the murky lines separating investment, speculation, and outright gambling have shaped America from the 1790s to the present. Regulators and courts always struggled to draw a line between investment and gambling,and it is no easier now than it was two centuries ago. Advocates for risky investments have long argued that risk-taking is what defines America. Critics counter that unregulated speculation results in bubbles that always draw in the least informed investors-gamblers, essentially. Financial chaos isthe result. The debate has been a perennial feature of American history, with the pattern repeating before and after every financial downturn since the 1790s. The Panic of 1837, the speculative boom of the roaring twenties, and the real estate bubble of the early 2000s are all emblematic of thedifficulty in differentiating sober from reckless speculation. Even after the recent financial crisis, the debate continues. Some, chastened by the crash, argue that we need to prohibit certain risky transactions, but others respond by citing the benefits of loosely governed markets and the dangersof over-regulation. These episodes have generated deep ambivalence, yet Americans' faith in investment and - by extension - the stock market has always rebounded quickly after even the most savage downturns. Indeed, the speculator on the make is a central figure in the folklore of Americancapitalism.Engaging and accessible, Speculation synthesizes a suite of themes that sit at the heart of American history - the ability of courts and regulators to protect ordinary Americans from the ravages of capitalism; the periodic fallibility of the American economy; and - not least - the moral conundruminherent in valuing those who produce goods over those who speculate, and yet enjoying the fruits of speculation. Banner's history is not only invaluable for understanding the fault lines beneath the American economy today, but American identity itself.

Speculation

Speculation PDF Author: Peter Achinstein
Publisher:
ISBN: 0190615052
Category : Science
Languages : en
Pages : 297

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Book Description
Scientific speculation: scientific assumptions without evidence.

Technologies of Speculation

Technologies of Speculation PDF Author: Sun-ha Hong
Publisher: NYU Press
ISBN: 1479802107
Category : Social Science
Languages : en
Pages :

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Book Description
An inquiry into what we can know in an age of surveillance and algorithms Knitting together contemporary technologies of datafication to reveal a broader, underlying shift in what counts as knowledge, Technologies of Speculation reframes today’s major moral and political controversies around algorithms and artificial intelligence. How many times we toss and turn in our sleep, our voluminous social media activity and location data, our average resting heart rate and body temperature: new technologies of state and self-surveillance promise to re-enlighten the black boxes of our bodies and minds. But Sun-ha Hong suggests that the burden to know and to digest this information at alarming rates is stripping away the liberal subject that ‘knows for themselves’, and risks undermining the pursuit of a rational public. What we choose to track, and what kind of data is extracted from us, shapes a society in which my own experience and sensation is increasingly overruled by data-driven systems. From the rapidly growing Quantified Self community to large-scale dragnet data collection in the name of counter-terrorism and drone warfare, Hong argues that data’s promise of objective truth results in new cultures of speculation. In his analysis of the Snowden affair, Hong demonstrates an entirely new way of thinking through what we could know, and the political and philosophical stakes of the belief that data equates to knowledge. When we simply cannot process all the data at our fingertips, he argues, we look past the inconvenient and the complicated to favor the comprehensible. In the process, racial stereotypes and other longstanding prejudices re-enter our newest technologies by the back door. Hong reveals the moral and philosophical equations embedded into the algorithmic eye that now follows us all.

The ABC of Stock Speculation

The ABC of Stock Speculation PDF Author: S. A. Nelson
Publisher: Cosimo, Inc.
ISBN: 1596054719
Category : Business & Economics
Languages : en
Pages : 236

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Book Description
In 1901 there were days when dealings on the Stock Exchange exceeded 3,000,000 shares and the machinery of speculation threatened to break down under the intensity of the strain to which it was subjected. Whether the records of that year will ever be broken no man can foretell...-from "Chapter II: Stock Speculation"In 1884, Charles Dow, the Wall Street Journal's famous first editor, published the first stock market average... and in the years after, he formulated, through his editorials, a wide-ranging economic philosophy that has come to be known as "Dow's Theory." In fact, S.A. Nelson coined the term when he collected Dow's editorials together in this 1902 volume. Topics discussed include: .methods of reading the market.cutting losses short.the danger in overtrading.the recurrence of crises.the tipster.and much more.Dow's observations and Nelson's commentary sound strikingly modern even a century later, and remain vital components of an intelligent understanding of fundamental concepts of the stock market.S. A. NELSON was a reporter for The Wall Street Journal during the early 20th-century.

The Art of Speculation

The Art of Speculation PDF Author: Philip L. Carret
Publisher: John Wiley & Sons
ISBN: 9780471181880
Category : Business & Economics
Languages : en
Pages : 392

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Book Description
"The Art of Speculation is laden with insights and studies that are as fresh today as newly cut grass . . . a joy to read. The topics covered were timeless in 1931 . . . and written in 24-carat prose." -from the Foreword by Victor Niederhoffer A classic in every sense of the word, The Art of Speculation has been heralded by investors, both past and present, as a true standout in the field. Written by Philip Carret -a Wall Street legend long considered a leading thinker in basic value investing -this timeless work is as vital a part of finance literature today as it was when it first appeared almost seventy years ago. Acclaim for The Art of Speculation "Philip Carret has been practicing the art of investing longer than anyone. In the current frothy stock market environment it is helpful to read his insights into the Great Crash of 1929 to see if there are useful parallels. Beginning investors will find The Art of Speculation instructive and students of the market will learn much about what investing was like seven decades ago before computers, derivatives, junk bonds, discount brokers, and hedge funds. His Twelve Commandments for Speculators is good advice for us all." -Byron R. Wien, Managing Director/U.S. Investment Strategist Morgan Stanley & Co., Inc. "A genuine rarity: the intricacies of investing illuminated by clear writing and timeless insight. The chapters on how to read a balance sheet and income statement are classics. No investor should even consider dabbling in the frantic IPO market of today without having read them first." -Christopher M. Byron Esquire

Science and Speculation

Science and Speculation PDF Author: Jonathan Barnes
Publisher: Cambridge University Press
ISBN: 9780521022187
Category : Philosophy
Languages : en
Pages : 384

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Book Description
Studies the impact that the advances in philosophy and science had on each other in Greece between 300 B.C. and A.D. 200.

Experiment, Speculation and Religion in Early Modern Philosophy

Experiment, Speculation and Religion in Early Modern Philosophy PDF Author: Alberto Vanzo
Publisher: Routledge
ISBN: 0429663625
Category : Philosophy
Languages : en
Pages : 308

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Book Description
Experimental philosophy was an exciting and extraordinarily successful development in the study of nature in the seventeenth century. Yet experimental philosophy was not without its critics and was far from the only natural philosophical method on the scene. In particular, experimental philosophy was contrasted with and set against speculative philosophy and, in some quarters, was accused of tending to irreligion. This volume brings together ten scholars of early modern philosophy, history and science in order to shed new light on the complex relations between experiment, speculation and religion in early modern Europe. The first six chapters of the book focus on the respective roles of experimental and speculative philosophy in individual seventeenth-century philosophers. They include Francis Bacon, Robert Boyle, Margaret Cavendish, Thomas Hobbes, John Locke and Isaac Newton. The next two chapters deal with the relation between experimental philosophy and religion with a special focus on hypotheses and natural religion. The penultimate chapter takes a broader European perspective and examines the paucity of concerns with religion among Italian natural philosophers of the period. Finally, the concluding chapter draws all these individuals and themes together to provide a critical appraisal of recent scholarship on experimental philosophy. This book is the first collection of essays on the subject of early modern experimental philosophy. It will appeal to scholars and students of early modern philosophy, science and religion.

Profit-making Speculation In Foreign Exchange Markets

Profit-making Speculation In Foreign Exchange Markets PDF Author: Patchara Surajaras
Publisher: Routledge
ISBN: 1000236420
Category : Political Science
Languages : en
Pages : 280

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Book Description
Technical analysis is not supposed consistently to beat financial markets. In this book, however, Professors Surajaras and Sweeney seek to establish that carefully chosen rules can produce substantial and consistent measured profits over time. The authors also call into question the traditional academic wisdom that markets in general are efficient.