October 2012
Beginner
368 pages
10h 4m
English
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Glossary
1 in 20—Chapter 12: Many value at risk (VaR) calculations are done based on a 95% confidence level, which means that the amount calculated is the maximum amount that should be lost in 19 out of 20 days. One out of 20 is the 5% chance that losses will be higher.
2 and 20—Chapter 2: This is a reference to typical hedge fund fees, which are a 2% management fee and a 20% performance fee.
Active investor—Chapter 2: When an investor is known for investing in financial products with a short time horizon such as days or weeks, an investor is considered a more active investor. A day trader is the most extreme of active investors.
Advisory agreement—Chapter 3: This is a formal legal agreement between a bank (generally the corporate finance department) ...
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I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.