Archive for the ‘Finance & Investment’ Category

Holiday reading

The holiday season is at hand — time to hit the slopes. But if there’s no snow to be found after the drought, you might settle in with a good book. Currently on the Library’s Popular Books rack is Flash Boys: A Wall Street Revolt by Michael Lewis (HG4628.5.L49 2014) which spins out the story of a small group of Wall Street guys who figure out the U.S. stock market is rigged for the benefit of insiders — and what they do about it.  Says Malcolm Gladwell, “I read Michael Lewis for the same reason I watch Tiger Woods. I’ll never play like that. But it’s good to be reminded every now and again what genius looks like.”  Pessimistic these days?  George Packer’s The Unwinding: An Inner History of the New America (E839.P28 2013) chronicles the story of the U.S. over the last three decades, portraying a superpower in danger of coming apart at the seams, with its institutions no longer functional and its ordinary citizens left scrambling for survival. Historian David Kennedy writes “Not since John Dos Passos’ celebrated U.S.A. trilogy, which The Unwinding recollects and rivals, has a writer so cunningly plumbed the seething undercurrents of American life.”  Feeling philanthropic?  A Path Appears: Transforming Lives, Creating Opportunity by Nicholas D. Kristof and Sheryl WuDunn (HV48.K75 2014) is a broad account of people who are making the world a better place and a guide on how to do so for the rest of us, offering success stories from the front lines of social progress. Former President Jimmy Carter notes, “This book is a helpful and inspiring guide for anyone who wonders what difference a single person can make in building a more hopeful world.” And finally, feeling competitive? Factory Man: How One Furniture Maker Battled Offshoring, Stayed Local — and Helped Save an American Town (HD9773.U74 V38 2014) by Beth Macy documents the story of the Bassett Furniture Company of Bassett, Virginia, and how one man fought back against Chinese competition to save his family’s company, people’s jobs and the town itself. Lee Smith (Guests on Earth) says, “Beth Macy brings globalization to a human scale, giving a real voice and a recognizable face to everyone involved, from factory worker to government official to Chinese importer.”

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Store your money here

It’s no secret that we Americans love our stuff.  Nonetheless, it came as a surprise to many that this tendency resulted in a new top performer in Bloomberg’s August list of alternative investments: self storage units.  Once considered “the goofy real estate class,” it’s now, according to Extra Space CEO Spencer Kirk, the real estate class that outperformed all others during the recession.  It makes sense when you think about it: tough housing market = less people buying homes, and more needing space to store household goods while they await their chance to get back in the market.  Also, overhead on self-storage is very low compared to other types of real estate, so the profit margin is high.  However, as with most stellar performers on the stock market, if you haven’t already invested you’ve most likely missed your chance for fat returns, as the market is already slowing down.  But hey… at least you’ve still got your stuff!

Looking for investment data?  Try our Financial Market databases or sources for Analysts Reports.

 

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More Bliss For Your Buck

If you’ve ever bought a major appliance for no money down and no payments for 12 months, you already know the misery that comes from having to pay for something you’ve already “owned” for a year. But have you ever thought about the benefits of doing the opposite?  By prepaying, you psych yourself into feeling like you got something free. Paying in advance is just one of the 5 principles outlined by Elizabeth Dunn and Michael Norton in Happy Money: The science of smarter spending. Endorsed by such luminaries as Dan Ariely, Dan Gilbert, and our own Chip Heath, Happy Money is full of amusing anecdotes and great advice on mindful spending.  Check it out and learn for yourself that “if you think money can’t buy happiness, you’re not spending it right.”

Happy Money is in the GSB Library stacks under call number HG 179 .D8587 2013.

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GOOOOOOOOOAL!

If you have been vacationing on the moon perhaps for the last week or so then you aren’t aware that the World Cup soccer games have started!  This is a big deal…so much so that Goldman Sachs has published a 67 page report free on the web titled The World Cup and Economic 2014.

In the introduction to the report the authors state that they ” looked at the links between World Cup performance and equity markets and the ‘honeymoon bounce’ that follows the winners in the weeks after the final”.

Perhaps when all of this is over you’ll want to test out this “honeymoon bounce” theory by going to our library’ business websites and checking out in this instance the Financial Markets websites.

And finally a video from Credit Suisse speaking about spotlighting demographics of the participating countries.

 

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Financial Databases Workshop – CapIQ & ThomsonONE

Financial Databases – Capital IQ & Thomson ONE Workshop Thurs May 29th 12-1pm B312 RAIL Lab

Join us for an interactive, introductory workshop on Capital IQ and Thomson ONE. 

**FIRST TIME CAPIQ USERS MUST REGISTER FOR ACCESS** Please do this asap, most of you will have been auto-added to the system, but test your access before arriving!

CapIQ – Content Coverage & Description Capital IQ provides profiles for 60,000 public companies, over 685,000 private companies and over 10,000 private equity firms. Company intelligence includes company financials, key developments, transactions, securities data, ownership, research and estimates, corporate governance, takeover defenses, regulatory filings, news, relationships among firms and professionals, competitors and suppliers, products, biographical, and contact data.

Use CapIQ for analysis, screenings (and interview prep!)

  •  joint venture details
  • mergers and acquisitions such at spinoff or LBO’s
  • GSB Alumni who work in Investment Banking
  • info about competitors, transaction history affiliations, and key people & their backgrounds
Thomson ONE – Content Coverage & Description
Thomson ONE Banker (TOBO), SDC, and Investext – all in one spot!
Company financials, earning estimates, market data and stock quotes, PE firms, etc. 
  • equity research – our “go-to” portal
  • company screening
  • investors/funding
  • company info, and more!
Contact Emily at ealschba@stanford.edu to reserve your spot! 
 
This is part of the GSB Library’s Introductory Series workshops on resources & topical research themes.
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Faculty books highlighted

GSB faculty authors  now have their recent books showcased on our Popular Books racks, just inside the Library entrance. Currently on display, for example, is The Bankers’ New Clothes: What’s Wrong With Banking and What to Do About It, by GSB Prof Anat Admati and Martin Hellwig. This book asks the question ‘What is wrong with today’s banking system?’  The authors argue that we can have a safer and healthier system without sacrificing any of the benefits, and at no additional cost to society. Banks are not as fragile as they are because they must be, but because they want to be, the authors declare. The book calls for ambitious reform and outlines specific steps that can be taken immediately.  Says Eugene Fama of the University of Chicago, “A must-read for concerned citizens … should be studied and memorized by lawmakers and regulators so they won’t be duped by false claims in the future.”

Bob Sutton (Good Boss, Bad Boss) and Huggy Rao (Market Rebels) have teamed up to examine what it takes to build and identify pockets of exemplary performance and spread them to others in the organization in Scaling Up Excellence: Getting to More Without Settling for Less.  Drawing on extensive research and inside accounts from a number of industries, the authors identify the key scaling challenges that confront every company. “Scaling Up Excellence is one of the finest business books you’ll ever read,” enthuses Daniel H. Pink (To Sell is Human).

Market Liquidity: Asset Pricing, Risk and Crises by GSB Prof Haim Mendelson, Yakov Amihud and Lasse Heje Pedersen presents the theory and evidence on the effect of market liquidity and liquidity risk on asset prices and on overall securities market performance, demonstrating the important role of liquidity in asset pricing. Stanford’s Darrell Duffie comments “This collection places the best available work on the topic between two covers. It must be read by anyone following this subject area,” while Nobel Laureate Robert Engle opines, “The liquidity of financial markets has never been a more important topic of research and policy and this book gives a very accessible way to understand both the traditional and current research.”

And finally, Absolute Value: What Really Influences Customers in the Age of (Nearly) Perfect Information, by Itamar Simonson and Emanuel Rosen. Going against conventional wisdom, this book reveals what really influences customers today, and offers a new framework — the Influence Mix — to help managers develop effective marketing strategies.  Chip Heath (Made to Stick) opines, “Every marketer is going to have to read this book (if only not to feel left out when everyone else is talking about it)”, and Ravi Dhar of the Yale School of Management says “Pay attention to this book. It offers important insights into changing consumer behavior and presents new rules for success in the marketplace of the future.”

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Invest in Yourself: Bloomberg – May Sessions Available

Invest in Yourself with Bloomberg!
Why?
Boost your resume – Bloomberg is vital for internships & jobs
Bloomberg Bulls Eye – 30 min lunch and evening sessions now available.
**YOU MUST sign-up for a seat in the lab**  Sessions capped at 8 – contact Emily Alschbach to reserve your spot!

Don’t let the BB terminals intimate you anymore! Learn:

  • basic user training
  • navigation
  • topical functionality

**ALSO — our Bloomberg vendor rep will be on-site at the GSB!**
Bloomberg Overview – content/functionality presentation
Mon May 12th
W104 from 12-1pm
Come with q’s!

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