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Author: Albert Henry
Publisher: Moment LLC
ISBN: 0976388812
Category : Business & Economics
Languages : en
Pages : 115
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Book Description
Walk into any hospital room and you are likely to find infusion pumps bearing the IMED or IVAC names. Stories of these companies convey themes typical of venture finance technological innovation driving higher valuations leading to a spectacular sale. (use italics in yellow/gold)These five broadly different case studies of major healthcare device companies and a biotechnology start-up to public company provide the reader with a rich cross section of business issues and answers. This book should be of interest to anyone in the health care industry, as well as to the general business reader. The cases provide a venture capitalist's and manager's view of how to start and build a company.The author was lead VC in each of these five companies. There is a detailed description of the issues and problems which occur in developing young companies to create significant value. The way problems and successes were dealt with gives the reader a broad learning experience ranging from the damage of patent infringement to being first in a market with runaway initial acceptance and learning how to keep the lead.Each of these cases comes from Henry Venture Fund investments. The reader learns how the investment opportunity was analyzed, how the investment was priced, how it was managed and directed into its product development and principal markets, and whether success or failure occurred and why. Two of the companies were sold for $400 million each, one was sold for $80 million in 22 months from founding, one declined in value by 90%, or $100 million, and was acquired and taken private and the the biotech company went public.Also included are two new biotech company descriptions which have made significant scientific discoveries. Sinapis Pharma has commenced a human clinical trial for brain trauma and stroke indications. TauTaTis is a preclinical company in Alzheimer's and Parkinson's Disease with very promising scientific data in mouse studies
Author: Albert Henry
Publisher: Moment LLC
ISBN: 0976388812
Category : Business & Economics
Languages : en
Pages : 115
Get Book Here
Book Description
Walk into any hospital room and you are likely to find infusion pumps bearing the IMED or IVAC names. Stories of these companies convey themes typical of venture finance technological innovation driving higher valuations leading to a spectacular sale. (use italics in yellow/gold)These five broadly different case studies of major healthcare device companies and a biotechnology start-up to public company provide the reader with a rich cross section of business issues and answers. This book should be of interest to anyone in the health care industry, as well as to the general business reader. The cases provide a venture capitalist's and manager's view of how to start and build a company.The author was lead VC in each of these five companies. There is a detailed description of the issues and problems which occur in developing young companies to create significant value. The way problems and successes were dealt with gives the reader a broad learning experience ranging from the damage of patent infringement to being first in a market with runaway initial acceptance and learning how to keep the lead.Each of these cases comes from Henry Venture Fund investments. The reader learns how the investment opportunity was analyzed, how the investment was priced, how it was managed and directed into its product development and principal markets, and whether success or failure occurred and why. Two of the companies were sold for $400 million each, one was sold for $80 million in 22 months from founding, one declined in value by 90%, or $100 million, and was acquired and taken private and the the biotech company went public.Also included are two new biotech company descriptions which have made significant scientific discoveries. Sinapis Pharma has commenced a human clinical trial for brain trauma and stroke indications. TauTaTis is a preclinical company in Alzheimer's and Parkinson's Disease with very promising scientific data in mouse studies
Author: Aart Kraay
Publisher: World Bank Publications
ISBN:
Category : Balance of payments
Languages : en
Pages : 47
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Book Description
The authors challenge this view here and develop two alternative interpretations. Both are based on the notion that a bubble (the "dot-com" bubble) has been driving the stock market, but differ in their assumptions about the interactions between this bubble and fiscal policy (the "Bush" deficits). The "benevolent" view holds that a change in investor sentiment led to the collapse of the dot-com bubble and the Bush deficits were a welfare-improving policy response to this event. The "cynical" view holds instead that the Bush deficits led to the collapse of the dot-com bubble as the new administration tried to appropriate rents from foreign investors. The authors discuss the implications of each of these views for the future evolution of the U.S. economy and, in particular, its net foreign asset position."
Author: Dean Baker
Publisher: Berrett-Koehler Publishers
ISBN: 1609944771
Category : Political Science
Languages : en
Pages : 185
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Book Description
Dean Baker, codirector of the Center for Economic and Policy Research recounts the strategies used by the country’s top economic policymakers to conceal their failure to recognize the housing bubble or take steps to rein it in before it grew to unprecedented levels, resulting in the loss of millions of jobs, homes, and the life savings of tens of millions of people. He quashes dire warnings of looming rampant inflation and spiraling debt with solid historic evidence to the contrary—evidence that supports more stimulus, not less. With a dose of optimism, Baker outlines a thoughtful progressive program for rebuilding the economy and reshaping the financial system, including new financial transaction taxes that will reduce or eliminate economic waste while providing stimulus and incentives where and when they are most needed.
Author: William Quinn
Publisher: Cambridge University Press
ISBN: 1108369359
Category : Business & Economics
Languages : en
Pages : 297
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Book Description
Why do stock and housing markets sometimes experience amazing booms followed by massive busts and why is this happening more and more frequently? In order to answer these questions, William Quinn and John D. Turner take us on a riveting ride through the history of financial bubbles, visiting, among other places, Paris and London in 1720, Latin America in the 1820s, Melbourne in the 1880s, New York in the 1920s, Tokyo in the 1980s, Silicon Valley in the 1990s and Shanghai in the 2000s. As they do so, they help us understand why bubbles happen, and why some have catastrophic economic, social and political consequences whilst others have actually benefited society. They reveal that bubbles start when investors and speculators react to new technology or political initiatives, showing that our ability to predict future bubbles will ultimately come down to being able to predict these sparks.
Author: Ben Carlson
Publisher: John Wiley & Sons
ISBN: 1119024927
Category : Business & Economics
Languages : en
Pages : 231
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Book Description
A simple guide to a smarter strategy for the individual investor A Wealth of Common Sense sheds a refreshing light on investing, and shows you how a simplicity-based framework can lead to better investment decisions. The financial market is a complex system, but that doesn't mean it requires a complex strategy; in fact, this false premise is the driving force behind many investors' market "mistakes." Information is important, but understanding and perspective are the keys to better decision-making. This book describes the proper way to view the markets and your portfolio, and show you the simple strategies that make investing more profitable, less confusing, and less time-consuming. Without the burden of short-term performance benchmarks, individual investors have the advantage of focusing on the long view, and the freedom to construct the kind of portfolio that will serve their investment goals best. This book proves how complex strategies essentially waste these advantages, and provides an alternative game plan for those ready to simplify. Complexity is often used as a mechanism for talking investors into unnecessary purchases, when all most need is a deeper understanding of conventional options. This book explains which issues you actually should pay attention to, and which ones are simply used for an illusion of intelligence and control. Keep up with—or beat—professional money managers Exploit stock market volatility to your utmost advantage Learn where advisors and consultants fit into smart strategy Build a portfolio that makes sense for your particular situation You don't have to outsmart the market if you can simply outperform it. Cut through the confusion and noise and focus on what actually matters. A Wealth of Common Sense clears the air, and gives you the insight you need to become a smarter, more successful investor.
Author: Mark Mitchell
Publisher:
ISBN:
Category : Arbitrage
Languages : en
Pages : 0
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Book Description
We study three cases in which specialized arbitrageurs lost significant amounts of capital and, as a result, became liquidity demanders rather than providers. The effects on security markets were large and persistent: Prices dropped relative to fundamentals and the rebound took months. While multi-strategy hedge funds who were not capital constrained increased their positions, a large fraction of these funds actually acted as net sellers consistent with the view that information barriers within a firm (not just relative to outside investors) can lead to capital constraints for trading desks with mark-to-market losses. Our findings suggest that real world frictions impede arbitrage capital.
Author: Wade Donald Pfau
Publisher: Retirement Researcher Guid
ISBN: 9781945640063
Category : Business & Economics
Languages : en
Pages : 368
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Book Description
Two fundamentally different philosophies for retirement income planning, which I call probability-based and safety-first, diverge on the critical issue of where a retirement plan is best served: in the risk/reward trade-offs of a diversified and aggressive investment portfolio that relies primarily on the stock market, or in the contractual protections of insurance products that integrate the power of risk pooling and actuarial science alongside investments. The probability-based approach is generally better understood by the public. It advocates using an aggressive investment portfolio with a large allocation to stocks to meet retirement goals. My earlier book How Much Can I Spend in Retirement? A Guide to Investment-Based Retirement Strategies provides an extensive investigation of probability-based approaches. But this investments-only attitude is not the optimal way to build a retirement income plan. There are pitfalls in retirement that we are less familiar with during the accumulation years. The nature of risk changes. Longevity risk is the possibility of living longer than planned, which could mean not having resources to maintain the retiree's standard of living. And once retirement distributions begin, market downturns in the early years can disproportionately harm retirement sustainability. This is sequence-of-returns risk, and it acts to amplify the impacts of market volatility in retirement. Traditional wealth management is not equipped to handle these new risks in a fulfilling way. More assets are required to cover spending goals over a possibly costly retirement triggered by a long life and poor market returns. And yet, there is no assurance that assets will be sufficient. For retirees who are worried about outliving their wealth, probability-based strategies can become excessively conservative and stressful. This book focuses on the other option: safety-first retirement planning. Safety-first advocates support a more bifurcated approach to building retirement income plans that integrates insurance with investments, providing lifetime income protections to cover spending. With risk pooling through insurance, retirees effectively pay an insurance premium that will provide a benefit to support spending in otherwise costly retirements that could deplete an unprotected investment portfolio. Insurance companies can pool sequence and longevity risks across a large base of retirees, much like a traditional defined-benefit company pension plan or Social Security, allowing for retirement spending that is more closely aligned with averages. When bonds are replaced with insurance-based risk pooling assets, retirees can improve the odds of meeting their spending goals while also supporting more legacy at the end of life, especially in the event of a longer-than-average retirement. We walk through this thought process and logic in steps, investigating three basic ways to fund a retirement spending goal: with bonds, with a diversified investment portfolio, and with risk pooling through annuities and life insurance. We consider the potential role for different types of annuities including simple income annuities, variable annuities, and fixed index annuities. I explain how different annuities work and how readers can evaluate them. We also examine the potential for whole life insurance to contribute to a retirement income plan. When we properly consider the range of risks introduced after retirement, I conclude that the integrated strategies preferred by safety-first advocates support more efficient retirement outcomes. Safety-first retirement planning helps to meet financial goals with less worry. This book explains how to evaluate different insurance options and implement these solutions into an integrated retirement plan.
Author: Karen Blumenthal
Publisher: Simon and Schuster
ISBN: 1442488913
Category : Young Adult Nonfiction
Languages : en
Pages : 160
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Book Description
Over six terrifying, desperate days in October 1929, the fabulous fortune that Americans had built in stocks plunged with a fervor never seen before. At first, the drop seemed like a mistake, a mere glitch in the system. But as the decline gathered steam, so did the destruction. Over twenty-five billion dollars in individual wealth was lost, vanished, gone. People watched their dreams fade before their very eyes. Investing in the stock market would never be the same. Here, Wall Street Journal bureau chief Karen Blumenthal chronicles the six-day period that brought the country to its knees, from fascinating tales of key stock-market players, like Michael J. Meehan, an immigrant who started his career hustling cigars outside theaters and helped convince thousands to gamble their hard-earned money as never before, to riveting accounts of the power struggles between Wall Street and Washington, to poignant stories from those who lost their savings—and more—to the allure of stocks and the power of greed. For young readers living in an era of stock-market fascination, this engrossing account explains stock-market fundamentals while bringing to life the darkest days of the mammoth crash of 1929.
Author: Bernard C. Beaudreau
Publisher: Cambridge Scholars Publishing
ISBN: 1527542033
Category : Business & Economics
Languages : en
Pages : 146
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Book Description
In the aftermath of the stock market crash of 1929, Yale University Economics Professor Irving Fisher remained steadfast in his view that the boom in prices had been warranted, pointing to the myriad innovations of the 1920s, including the introduction of the electric unit drive and utility-supplied power. Dismissed by most, this view has since given way to Alan Greenspan’s view of irrational exuberance. This book presents a series of contemporary and period writings which rehabilitate the fundamentals view, showing why Irving Fisher was right. Whereas Fisher was unable to provide a convincing narrative for the crash, these writings point to the Hoover Administration’s tariff initiative, the Smoot-Hawley Tariff Bill, as the key element which contributed to both the boom and the crash.
Author: William Fleckenstein
Publisher: McGraw Hill Professional
ISBN: 0071591583
Category : Biography & Autobiography
Languages : en
Pages : 417
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Book Description
Using transcripts of Greenspan's FOMC meetings as well as testimony before Congress, this book delivers a timeline of his most devastating mistakes and weaves together the connection between every economic calamity of the past 19 years.
