FINANCE --; Contents --; Foreword by Sheldon Gordon --; 1 The marketplace --; The state and the financial markets --; The capital cities of trade and commerce --; How stock exchanges began --; The farmers and financial markets --; 2 The mechanics of financial markets --; Hard bargaining or software mediation --; How prices are established on organized markets --; Bulbs, bubbles and bull markets --; 3 Globalization --; Common currency --; Foreign exchanges --; Finance capital of the world? --; 4 The future is the field of play --; As time goes by --; A roll of the dice shall never abolish randomness --; How normal is it for stock prices to fluctuate? --; When managing risk, diversify --; When managing risk, wait and see --; 5 The price of stocks --; The value of art and the art of value --; The market will fluctuate --; A major yet largely misunderstood principle --; Speculative value --; 6 The derivatives markets --; Futures and forward contracts --; Options --; The risks of derivatives --; 7 My word is my bond --; Interest and rent --; The value of bonds --; The term structure of interest rates --; My word is not my bond --; 8 The issuers of financial instruments --; Capitalism or capitalisms? --; Managing for value --; Enterprise value --; The values of corporate finance --; 9 The investors --; High net worth individuals --; Equity funds --; Hedge funds --; Pension funds --; Notes --; Index.
SUMMARY OR ABSTRACT
Text of Note
The financial markets play a crucial role in contemporary society. They can change the lives of whole communities for better or worse and form an essential part of the overall economy. Yet their intermediaries are frequently criticised for misuse of the power that they wield. In this defence of the markets Michel Fleuriet draws on his many years experience in the field to span history and contemporary culture, addressing the market practitioner's raison d'être, his/her wider role, the skills required and the techniques employed. This is a thought-provoking and informative work for all those working in the financial markets, intending to enter them or with an interest in the wider economy. * Draws on the extensive experience of the author - a highly respected name within financial circles. * A synthesis of the author's life time experience within the financial markets. * A seminal work addressing key questions of the philosophical and conceptual background to the financial market. * A controversial and thought-provoking work that every practitioner should read.