ISBN-13: 9781894574044 / Angielski / Miękka / 2003 / 160 str.
Stock, bonds, cash - the investment mind is often programmed. The reality is that most investors think in terms of single asset classes, and allocate money to them accordingly. The contribution of First Principles: An Investor's Guide to Building Bridges Across Financial Products is that a single unified valuation approach is available to use for all financial products. This book shows investors how to focus on the dynamics of processes and interrelationships of different investment choices, providing the reader with a financial toolbox to equips any investor with the knowledge to de-construct and value any financial product, making it a must for portfolio managers and individual investors interested in building optimal portfolios.