• Bài giảng Financial Markets - Lecture 6: Efficient Markets and Excess VolatilityBài giảng Financial Markets - Lecture 6: Efficient Markets and Excess Volatility

    The Efficient Markets Hypothesis History of the Hypothesis Reasons to think markets are efficient Reasons to doubt markets are efficient Technical analysis Empirical evidence in literature Homework assignment and regressions

    ppt26 trang | Chia sẻ: nguyenlinh90 | Ngày: 20/07/2019 | Lượt xem: 745 | Lượt tải: 0

  • Bài giảng Financial Markets - Lecture 5: Portfolio Diversification and Supporting Financial InstitutionsBài giảng Financial Markets - Lecture 5: Portfolio Diversification and Supporting Financial Institutions

    Portfolio Diversification All that should matter to an investor is the performance of the entire portfolio. Mean and variance of portfolio matter Law of large numbers means that spreading over many independent assets reduces risk, has no effect on expected return.

    ppt28 trang | Chia sẻ: nguyenlinh90 | Ngày: 20/07/2019 | Lượt xem: 771 | Lượt tải: 0

  • Bài giảng Financial Markets - Lecture 4: InsuranceBài giảng Financial Markets - Lecture 4: Insurance

    Fundamental Insurance Principles and Issues Risk Pooling is the source of all value in insurance Moral Hazard dealt with partially by deductions and co-insurance Selection bias dealt with by group policies, by testing and referrals, and by mandatory government insurance

    ppt17 trang | Chia sẻ: nguyenlinh90 | Ngày: 20/07/2019 | Lượt xem: 667 | Lượt tải: 0

  • Bài giảng Financial Markets - Lecture 3: Technology and Invention in FinanceBài giảng Financial Markets - Lecture 3: Technology and Invention in Finance

    Change and Information Technology • Financial markets have shown rapid change in the past • Information technology is an important factor in the change, and portends important changes in the future • Other changes are due to simple invention, and slow public acceptance of new information

    pdf31 trang | Chia sẻ: nguyenlinh90 | Ngày: 20/07/2019 | Lượt xem: 669 | Lượt tải: 0

  • Bài giảng Financial Markets - Lecture 2: The Universal Principle of Risk ManagementBài giảng Financial Markets - Lecture 2: The Universal Principle of Risk Management

    Probability and Insurance Concept of probability began in 1660s Concept of probability grew from interest in gambling. Mahabarata story (ca. 400 AD) of Nala and Rtuparna, suggests some probability theory was understood in India then. Fire of London 1666 and Insurance

    ppt18 trang | Chia sẻ: nguyenlinh90 | Ngày: 20/07/2019 | Lượt xem: 852 | Lượt tải: 0

  • Bài giảng Financial Markets - Lecture 1: Introductory LectureBài giảng Financial Markets - Lecture 1: Introductory Lecture

    Financial and Insurance as Powerful Forces in Our Economy and Society This course seeks to understand the full role of advanced risk management in our economy and society Finance, insurance, some public finance

    ppt37 trang | Chia sẻ: nguyenlinh90 | Ngày: 20/07/2019 | Lượt xem: 742 | Lượt tải: 1

  • Bài giảng Personal Financial - Chapter 14: Retirement and Estate PlanningBài giảng Personal Financial - Chapter 14: Retirement and Estate Planning

    A variety of tax-sheltered opportunities are available for building retirement assets. Tax Sheltering – tax laws allow certain income to remain exempt from income taxes or permit an adjustment, reduction, deferral, or elimination of income tax liability. Retirement – time in life when most of one’s income changes from earned income to employer-ba...

    ppt30 trang | Chia sẻ: nguyenlinh90 | Ngày: 20/07/2019 | Lượt xem: 755 | Lượt tải: 0

  • Bài giảng Personal Financial - Chapter 13: Investing in Mutual FundsBài giảng Personal Financial - Chapter 13: Investing in Mutual Funds

    Mutual Fund = an investment vehicle offered by investment companies to those who wish to: Pool money Buy stocks, bonds, and other financial securities Have buy/sell decisions made by fund manager Many mutual funds chosen for inclusion in retirement account investments (e.g., 401(k)s)

    ppt28 trang | Chia sẻ: nguyenlinh90 | Ngày: 20/07/2019 | Lượt xem: 654 | Lượt tải: 0

  • Bài giảng Personal Financial - Chapter 12: Investing in StocksBài giảng Personal Financial - Chapter 12: Investing in Stocks

    Stocks – shares of ownership in the assets and earnings of a business corporation. Common Stock – the most basic form of ownership of a corporation. Shareholder – the owner of a stock. Voting Rights – proportionate authority to express a choice in matters affecting the company. Proxy – written authorization given by shareholder to someone else ...

    ppt24 trang | Chia sẻ: nguyenlinh90 | Ngày: 20/07/2019 | Lượt xem: 659 | Lượt tải: 0

  • Bài giảng Personal Financial - Chapter 11B Investing Basics and Evaluating Bonds #2Bài giảng Personal Financial - Chapter 11B Investing Basics and Evaluating Bonds #2

    People who invest very conservatively They do not get ahead financially over the long term because taxes and inflation offset most of their interest earnings Remember “The Rule of 72”? 72/4% = 18 years 72/8% = 9 years (money doubles much faster)

    ppt24 trang | Chia sẻ: nguyenlinh90 | Ngày: 20/07/2019 | Lượt xem: 641 | Lượt tải: 0