The Wayback Machine - http://web.archive.org./web/20121030130036/http://wn.com:80/finance
Tuesday, 30 October 2012
1. Why Finance?
Keiser Report: Financial Earthquakes (E359)
Breakingviews: Financial shrinkage lead by UBS
Finance: What Managers Need to Know
Overdose: The Next Financial Crisis
Global Financial Crisis Explained
The Descent of Finance
Financial Planning Introduction
Financing 101
7. Behavioral Finance: The Role of Psychology
What is corporate finance.
1. Finance and Insurance as Powerful Forces in Our Economy and Society

Finance

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1. Why Finance?
  • Order:
  • Duration: 1:14:17
  • Updated: 09 Sep 2012
Financial Theory (ECON 251) This lecture gives a brief history of the young field of financial theory, which began in business schools quite separate from economics, and of my growing interest in the field and in Wall Street. A cornerstone of standard financial theory is the efficient markets hypothesis, but that has been discredited by the financial crisis of 2007-09. This lecture describes the kinds of questions standard financial theory nevertheless answers well. It also introduces the leverage cycle as a critique of standard financial theory and as an explanation of the crisis. The lecture ends with a class experiment illustrating a situation in which the efficient markets hypothesis works surprisingly well. 00:00 - Chapter 1. Course Introduction 10:16 - Chapter 2. Collateral in the Standard Theory 17:54 - Chapter 3. Leverage in Housing Prices 33:47 - Chapter 4. Examples of Finance 46:13 - Chapter 5. Why Study Finance? 50:13 - Chapter 6. Logistics 58:22 - Chapter 7. A Experiment of the Financial Market Complete course materials are available at the Open Yale Courses website: open.yale.edu This course was recorded in Fall 2009.
published: 01 Apr 2011
author: YaleCourses
views: 97508
http://web.archive.org./web/20121030130036/http://wn.com/1. Why Finance?
Keiser Report: Financial Earthquakes (E359)
  • Order:
  • Duration: 25:46
  • Updated: 29 Oct 2012
In this episode, Max Keiser and Stacy Herbert discuss High Frequency Trading being declared 'beneficial' by a scientist working for the UK government while on the other side of the pond, a US regulator blames it for wild volatility and compares it to "Texas Hold 'Em-Time to Fold 'Em." They also In the second half of the show, Max Keiser talks to tax expert, Lee Sheppard, about High Frequency Trading, a Financial Transaction Tax and siphoning gasoline from a neighbor's gas tank and claiming to be a market maker. Watch all Keiser Report shows here: www.youtube.com (E1-E200) www.youtube.com (E201-current) Subscribe to RT! www.youtube.com Like us on Facebook www.facebook.com Follow us on Twitter twitter.com Follow us on Google+ plus.google.com RT (Russia Today) is a global news network broadcasting from Moscow and Washington studios. RT is the first news channel to break the 500 million YouTube views benchmark.
published: 27 Oct 2012
author: RussiaToday
views: 18314
http://web.archive.org./web/20121030130036/http://wn.com/Keiser Report: Financial Earthquakes (E359)
Breakingviews: Financial shrinkage lead by UBS
  • Order:
  • Duration: 4:16
  • Updated: 29 Oct 2012
Oct. 29 - The UBS plans for restructuring, including up to 10000 job cuts, could lead the way for a financial sector looking to deleverage, says Reuters Breakingviews.
published: 29 Oct 2012
author: ReutersVideo
views: 27
http://web.archive.org./web/20121030130036/http://wn.com/Breakingviews: Financial shrinkage lead by UBS
Finance: What Managers Need to Know
  • Order:
  • Duration: 13:46
  • Updated: 23 Oct 2012
Joe Knight, coauthor of the Financial Intelligence series, gives you a crash course in reading the numbers.
published: 08 Sep 2009
views: 77856
http://web.archive.org./web/20121030130036/http://wn.com/Finance: What Managers Need to Know
Overdose: The Next Financial Crisis
  • Order:
  • Duration: 46:22
  • Updated: 30 Oct 2012
Watch more Journeyman documentaries here: www.youtube.com For downloads and more information visit: www.journeyman.tv Follow us on Facebook (goo.gl or Twitter (www.twitter.com With the US raising their debt ceiling, are we in a global bail-out bubble that will eventually burst? This doc offers a fresh insight into the greatest economic crisis of our age: the one still awaiting us. The financial storm that has rocked the world began brewing in the US when congress pushed the idea of home ownership for all, propping up those who couldn't make the down payments. When it all went wrong the government promised the biggest financial stimulus packages in history and gargantuan bailouts. But what crazed logic is that: propping up debt with more debt? "They're giving alcohol to a drunk: it just sets him up for a bigger hangover." July 2010
published: 02 Jul 2012
views: 584677
http://web.archive.org./web/20121030130036/http://wn.com/Overdose: The Next Financial Crisis
Global Financial Crisis Explained
  • Order:
  • Duration: 10:55
  • Updated: 29 Oct 2012
The Short and Simple Story of the Credit Crisis. By Jonathan Jarvis. Crisisofcredit.com The goal of giving form to a complex situation like the credit crisis is to quickly supply the essence of the situation to those unfamiliar and uninitiated. This project was completed as part of my thesis work in the Media Design Program, a graduate studio at the Art Center College of Design in Pasadena, California. For more on my broader thesis work exploring the use of new media to make sense of a increasingly complex world, visit jonathanjarvis.com
published: 23 Aug 2010
views: 159701
http://web.archive.org./web/20121030130036/http://wn.com/Global Financial Crisis Explained
The Descent of Finance
  • Order:
  • Duration: 13:13
  • Updated: 19 Oct 2012
Niall Ferguson, Harvard professor, discusses the history -- and future -- of finance with Harvard Business Review editor-in-chief Adi Ignatius.
published: 08 Jul 2009
views: 39766
http://web.archive.org./web/20121030130036/http://wn.com/The Descent of Finance
Financial Planning Introduction
  • Order:
  • Duration: 10:26
  • Updated: 27 Oct 2012
How do you make your life better? get more control? protect your family? Create a personal financial plan. Start here!
published: 28 May 2009
author: ilexFS
views: 53842
http://web.archive.org./web/20121030130036/http://wn.com/Financial Planning Introduction
Financing 101
  • Order:
  • Duration: 57:33
  • Updated: 18 Oct 2012
Ever wondered how to raise money to finance a startup, whether it's hi-tech, bio-tech, or a boutique restaurant? Richard West, CEO of Liquid Logic, describes how startups of all kinds can acquire financing, big or small. Mr. West is CEO of Advanced Liquid Logic, his third early stage company as CEO. Advanced Liquid Logic is a fast-growing Duke technology spinout exploiting a novel microfluidics technology that the company will apply to medical diagnostics and other markets. Prior to joining Advanced Liquid Logic, Mr. West was founder and CEO of TriVirix, a medical equipment contract manufacturer. Part of the Duke Entrepreneurship Education Series. Visit www.dukedees.com for more information.
published: 07 Dec 2009
views: 5266
http://web.archive.org./web/20121030130036/http://wn.com/Financing 101
7. Behavioral Finance: The Role of Psychology
  • Order:
  • Duration: 1:05:10
  • Updated: 15 Aug 2012
Financial Markets (ECON 252) Behavioral Finance is a relatively recent revolution in finance that applies insights from all of the social sciences to finance. New decision-making models incorporate psychology and sociology, among other disciplines, to explain economic and financial phenomenon, such as erratic stock price variations. Psychological patterns such as overconfidence and perceived kinks in the value function seem to impact financial decision-making, but are not included in classical theories such as the Expected Utility Theory. Kahneman and Tversky's Prospect Theory addresses such issues and sheds light on irrational deviations from traditional decision-making models. 00:00 - Chapter 1. What Is Behavioral Finance? 09:01 - Chapter 2. Market Volatility: Random, or Socially Influenced? A Present Value Analysis 19:58 - Chapter 3. Overconfidence: Its Ubiquity and Impact on Financial Markets 38:29 - Chapter 4. The Kahneman and Tversky Prospect Theory or, How People Make Choices 58:50 - Chapter 5. The Regret Theory and Fashion as a Measure of the Market Complete course materials are available at the Open Yale Courses website: open.yale.edu This course was recorded in Spring 2008.
published: 20 Nov 2008
author: YaleCourses
views: 75781
http://web.archive.org./web/20121030130036/http://wn.com/7. Behavioral Finance: The Role of Psychology
What is corporate finance.
  • Order:
  • Duration: 7:21
  • Updated: 20 Oct 2012
View the entire course at: www.financecompendium.com
published: 24 Jun 2008
views: 25511
http://web.archive.org./web/20121030130036/http://wn.com/What is corporate finance.
1. Finance and Insurance as Powerful Forces in Our Economy and Society
  • Order:
  • Duration: 1:14:04
  • Updated: 18 Sep 2012
Financial Markets (ECON 252) Professor Shiller provides a description of the course, Financial Markets, including administrative details and the topics to be discussed in each lecture. He briefly discusses the importance of studying finance and each key topic. Lecture topics will include: behavioral finance, financial technology, financial instruments, commercial banking, investment banking, financial markets and institutions, real estate, regulation, monetary policy, and democratization of finance. 00:00 - Chapter 1. Introduction to the Course 11:24 - Chapter 2. Textbooks and Course Logistics 24:05 - Chapter 3. Technology and the Subprime Crisis 31:19 - Chapter 4. Is Studying Finance Moral? 46:44 - Chapter 5. Topics Covered in the Course Complete course materials are available at the Open Yale Courses website: open.yale.edu This course was recorded in Spring 2008.
published: 19 Nov 2008
author: YaleCourses
views: 174531
http://web.archive.org./web/20121030130036/http://wn.com/1. Finance and Insurance as Powerful Forces in Our Economy and Society
Jim Rogers, War and the Financial Mafia - LIBOR, Centrals Banks and JP Morgan!
  • Order:
  • Duration: 28:04
  • Updated: 25 Oct 2012
Follow us @ twitter.com twitter.com Welcome to Capital Account. US manufacturing activity contracts for the first time in 3 years...the weak ISM data came as a shock to economists reportedly. Then orders placed with US factories rose in May for the first time in three months, according to other data. We'll talk about where figures show global confidence, crises, and slowdowns are headed with famed investor Jim Rogers. Also...Blackrock's Vice Chairman Byron Wien says he spoke to the smartest man in Europe, and what he had to say terrified him. He said, "basically, that massive amounts of debt will bring the decline of Western Civilization, but that in the meantime, before that happens, policy makers would pull every trick they could in order to stave off a catastrophic event." Why do you have to be the un-named smartest man as christened by a Blackstone bigwig for that to hold weight? Just watch a lot of smart men and women who break this down openly any given day on Capital Account. Today, commodities guru Jim Rogers will do the honors. And it's one, two, three strikes you're out - Barclays top three executives resign in the wake of the LIBOR manipulation scandal. Chairman. CEO. COO. Why haven't we seen this kind of fallout at big banks in the US from any settlements and scandals? We'll muse over it as what do you know - JP Morgan finds itself under investigation for manipulation of electricity markets.
published: 03 Jul 2012
views: 40880
http://web.archive.org./web/20121030130036/http://wn.com/Jim Rogers, War and the Financial Mafia - LIBOR, Centrals Banks and JP Morgan!
Max Keiser: Financial holocaust looms as Germany storms Greece
  • Order:
  • Duration: 6:16
  • Updated: 27 Oct 2012
Protesters in Athens are clashing with police, some throwing stones and Molotov cocktails. Greece's coalition government managed to agree on a new austerity deal their creditors demanded. But Eurozone finance ministers say they want to see concrete action before the second bailout worth 130 billion Euros can be handed over. The Greek Parliament is expected to vote on Sunday. But a junior coalition member says he will not back the new plan. RT talks to Max Keiser, financial analyst and host of the Keiser Report. RT on Twitter twitter.com RT on Facebook www.facebook.com
published: 10 Feb 2012
author: RussiaToday
views: 75638
http://web.archive.org./web/20121030130036/http://wn.com/Max Keiser: Financial holocaust looms as Germany storms Greece
  • 1. Why Finance?...1:14:17
  • Keiser Report: Financial Earthquakes (E359)...25:46
  • Breakingviews: Financial shrinkage lead by UBS...4:16
  • Finance: What Managers Need to Know...13:46
  • Overdose: The Next Financial Crisis...46:22
  • Global Financial Crisis Explained...10:55
  • The Descent of Finance...13:13
  • Financial Planning Introduction...10:26
  • Financing 101...57:33
  • 7. Behavioral Finance: The Role of Psychology...1:05:10
  • What is corporate finance....7:21
  • 1. Finance and Insurance as Powerful Forces in Our Economy and Society...1:14:04
  • Jim Rogers, War and the Financial Mafia - LIBOR, Centrals Banks and JP Morgan!...28:04
  • Max Keiser: Financial holocaust looms as Germany storms Greece...6:16
Financial Theory (ECON 251) This lecture gives a brief history of the young field of financial theory, which began in business schools quite separate from economics, and of my growing interest in the field and in Wall Street. A cornerstone of standard financial theory is the efficient markets hypothesis, but that has been discredited by the financial crisis of 2007-09. This lecture describes the kinds of questions standard financial theory nevertheless answers well. It also introduces the leverage cycle as a critique of standard financial theory and as an explanation of the crisis. The lecture ends with a class experiment illustrating a situation in which the efficient markets hypothesis works surprisingly well. 00:00 - Chapter 1. Course Introduction 10:16 - Chapter 2. Collateral in the Standard Theory 17:54 - Chapter 3. Leverage in Housing Prices 33:47 - Chapter 4. Examples of Finance 46:13 - Chapter 5. Why Study Finance? 50:13 - Chapter 6. Logistics 58:22 - Chapter 7. A Experiment of the Financial Market Complete course materials are available at the Open Yale Courses website: open.yale.edu This course was recorded in Fall 2009.
published: 01 Apr 2011
author: YaleCourses
views: 97508
74:17
1. Why Fi­nance?
Fi­nan­cial The­o­ry (ECON 251) This lec­ture gives a brief his­to­ry of the young field of finan...
pub­lished: 01 Apr 2011
au­thor: Yale­Cours­es
25:46
Keis­er Re­port: Fi­nan­cial Earth­quakes (E359)
In this episode, Max Keis­er and Stacy Her­bert dis­cuss High Fre­quen­cy Trad­ing being de­clare...
pub­lished: 27 Oct 2012
4:16
Break­ingviews: Fi­nan­cial shrink­age lead by UBS
Oct. 29 - The UBS plans for re­struc­tur­ing, in­clud­ing up to 10000 job cuts, could lead the ...
pub­lished: 29 Oct 2012
au­thor: ReutersVideo
13:46
Fi­nance: What Man­agers Need to Know
Joe Knight, coau­thor of the Fi­nan­cial In­tel­li­gence se­ries, gives you a crash course in rea...
pub­lished: 08 Sep 2009
46:22
Over­dose: The Next Fi­nan­cial Cri­sis
Watch more Jour­ney­man doc­u­men­taries here: www.​youtube.​com For down­loads and more in­for­mati...
pub­lished: 02 Jul 2012
10:55
Glob­al Fi­nan­cial Cri­sis Ex­plained
The Short and Sim­ple Story of the Cred­it Cri­sis. By Jonathan Jarvis. Crisisofcredit.​com Th...
pub­lished: 23 Aug 2010
13:13
The De­scent of Fi­nance
Niall Fer­gu­son, Har­vard pro­fes­sor, dis­cuss­es the his­to­ry -- and fu­ture -- of fi­nance with ...
pub­lished: 08 Jul 2009
10:26
Fi­nan­cial Plan­ning In­tro­duc­tion
How do you make your life bet­ter? get more con­trol? pro­tect your fam­i­ly? Cre­ate a per­son­al...
pub­lished: 28 May 2009
au­thor: ilexFS
57:33
Fi­nanc­ing 101
Ever won­dered how to raise money to fi­nance a start­up, whether it's hi-tech, bio-tech, or ...
pub­lished: 07 Dec 2009
65:10
7. Be­hav­ioral Fi­nance: The Role of Psy­chol­o­gy
Fi­nan­cial Mar­kets (ECON 252) Be­hav­ioral Fi­nance is a rel­a­tive­ly re­cent rev­o­lu­tion in finan...
pub­lished: 20 Nov 2008
au­thor: Yale­Cours­es
7:21
What is cor­po­rate fi­nance.
View the en­tire course at: www.​financecompendium.​com...
pub­lished: 24 Jun 2008
74:04
1. Fi­nance and In­sur­ance as Pow­er­ful Forces in Our Econ­o­my and So­ci­ety
Fi­nan­cial Mar­kets (ECON 252) Pro­fes­sor Shiller pro­vides a de­scrip­tion of the course, Finan...
pub­lished: 19 Nov 2008
au­thor: Yale­Cours­es
28:04
Jim Rogers, War and the Fi­nan­cial Mafia - LIBOR, Cen­trals Banks and JP Mor­gan!
Fol­low us @ twitter.​com twitter.​com Wel­come to Cap­i­tal Ac­count. US man­u­fac­tur­ing ac­tiv­i­ty ...
pub­lished: 03 Jul 2012
6:16
Max Keis­er: Fi­nan­cial holo­caust looms as Ger­many storms Greece
Protesters in Athens are clash­ing with po­lice, some throw­ing stones and Molo­tov cock­tails....
pub­lished: 10 Feb 2012
Youtube results:
81:40
Un­der­stand­ing the Fi­nan­cial Cri­sis
Yale host­ed a panel dis­cus­sion with Yale Fac­ul­ty on Un­der­stand­ing the Fi­nan­cial Cri­sis: Th...
pub­lished: 25 Feb 2009
8:42
Part 1/2 Bird & for­tune - Fi­nan­cial cri­sis - Silly Money, Nov 08
2nd Nov 2008. John Bird and John For­tune on Silly Money satiris­ing the ab­sur­di­ty of the fi...
pub­lished: 04 Nov 2008
au­thor: boog­nish100
43:43
Se­crets of the Fed­er­al Re­serve: US Econ­o­my, Fi­nance and Wealth
The Fed­er­al Re­serve Sys­tem, known col­lo­qui­al­ly as "the Fed", has faced var­i­ous crit­i­cisms ...
pub­lished: 04 Jul 2012
11:10
The Cri­sis of Cred­it Vi­su­al­ized - HD
The Short and Sim­ple Story of the Cred­it Cri­sis -- The Full Ver­sion By Jonathan Jarvis. Cr...
pub­lished: 23 Jan 2011
au­thor: graphixmdp




  • French Finance Minister Pierre Moscovici speaks to journalists during a press conference in Paris, Wednesday, Oct. 17, 2012. France is creating a new government-backed investment bank that will aim to spur economic growth by lending to small and medium-sized enterprises.
    AP / Christophe Ena
  • The Prime Minister, Dr. Manmohan Singh at the launch of Aadhaar Enabled Service Delivery, in Dudu, Jaipur, Rajasthan on October 20, 2012. The Union Finance Minister, Shri P. Chidambaram, the Chairperson, National Advisory Council, Smt. Sonia Gandhi and the Chief Minister of Rajasthan, Shri Ashok Gehlot are also seen.
    PIB of India / Photo Division, Ministry of Information & Broadcasting, Government of India
  • The Chairperson, National Advisory Council, Smt. Sonia Gandhi addressing at the launch of Aadhaar Enabled Service Delivery, in Dudu, Jaipur, Rajasthan on October 20, 2012. The Deputy Chairman, Planning Commission, Shri Montek Singh Ahluwalia, the Union Minister for Road Transport & Highways and Railways, Dr. C.P. Joshi, the Chief Minister of Rajasthan, Shri Ashok Gehlot, the Minister of State for Planning, Science & Technology and Earth Sciences, Dr. Ashwani Kumar and the Minister of State for F
    PIB of India / Photo Division, Ministry of Information & Broadcasting, Government of India
  • The Union Finance Minister, Shri P. Chidambaram addressing at the launch of Aadhaar Enabled Service Delivery, in Dudu, Jaipur, Rajasthan on October 20, 2012. The Deputy Chairman, Planning Commission, Shri Montek Singh Ahluwalia, the Union Minister for Road Transport & Highways and Railways, Dr. C.P. Joshi and the Minister of State for Finance, Shri Namo Narain Meena are also seen.
    PIB of India / Photo Division, Ministry of Information & Broadcasting, Government of India
  • The Royal Berlin Railway Division. As the organization of railway operations progressed, railway divisions were usually subject to state control with regard to finances.
    Public Domain
  • Union Home Minister Sushil Kumar Shinde visit at the Srine of Sheikh Noor-ud-Din Noorina Chrari -e- Sharif 40 kms from Srinagar in Budgam District of Central kashmir 14, October 2012. Shinde who was accompianed by JKPCC Chief Safi-ud-din Sooz Finance Minister Abdul Rahim Rather and MOS Home Nasir Aslam wani offered a chadar at the shrine. his visit coinceded with the Annual Urs in the shrine.
    WN / Imran Nissar
  • Union Home Minister Sushil Kumar Shinde offered obesiance at the Srine of Sheikh Noor-ud-Din Noorina Chrari -e- Sharif 40 kms from Srinagar in Budgam District of Central kashmir 14, October 2012. Shinde who was accompianed by JKPCC Chief Safi-ud-din Sooz Finance Minister Abdul Rahim Rather and MOS Home Nasir Aslam wani offered a chadar at the shrine. his visit coinceded with the Annual Urs in the shrine.
    WN / Imran Nissar
  • Union Home Minister Sushil Kumar Shinde offered obesiance at the Srine of Sheikh Noor-ud-Din Noorina Chrari -e- Sharif 40 kms from Srinagar in Budgam District of Central kashmir 14, October 2012. Shinde who was accompianed by JKPCC Chief Safi-ud-din Sooz Finance Minister Abdul Rahim Rather and MOS Home Nasir Aslam wani offered a chadar at the shrine. his visit coinceded with the Annual Urs in the shrine.
    WN / Imran Nissar
  • Union Home Minister Sushil Kumar Shinde offered obesiance at the Srine of Sheikh Noor-ud-Din Noorina Chrari -e- Sharif 40 kms from Srinagar in Budgam District of Central kashmir 14, October 2012. Shinde who was accompianed by JKPCC Chief Safi-ud-din Sooz Finance Minister Abdul Rahim Rather and MOS Home Nasir Aslam wani offered a chadar at the shrine. his visit coinceded with the Annual Urs in the shrine.
    WN / Imran Nissar
  • The Union Finance Minister, Shri P. Chidambaram
    PIB of India / Photo Division, Ministry of Information & Broadcasting, Government of India
  • The Union Finance Minister, Shri P. Chidambaram- Politics- India
    PIB of India /
  • Visit by Kristalina Georgieva, Member of the EC in charge of International Cooperation, Humanitarian Aid and Crisis Response to Japan with, from left to right: Mohamed Najib Boulif, Moroccan Minister Delegate to the Head of Government, in charge of General Affairs and Governance, Haruhiko Kuroda, President of the Asian Development Bank, Christine Lagarde, Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva and Ilyas Moussa Dawaleh, Minister for Finance of Djibouti
    EC / © European Union 2012
  • Visit by Kristalina Georgieva, Member of the EC in charge of International Cooperation, Humanitarian Aid and Crisis Response to Japan: Ilyas Moussa Dawaleh, Minister for Finance of Djibouti, on the right, and Kristalina Georgieva
    EC / © European Union 2012
  • Visit by Kristalina Georgieva, Member of the EC in charge of International Cooperation, Humanitarian Aid and Crisis Response to Japan with Haruhiko Kuroda, President of the Asian Development Bank, on the left, Koriki Jojima, Japanese Minister of Finance, 3rd on the left, Jim Yong Kim, President of The World Bank, in the centre, Kristalina Georgieva, Mohamed Najib Boulif, Moroccan Minister Delegate to the Head of Government, in charge of General Affairs and Governance and Christine Lagarde, Manag
    EC / © European Union 2012
  • The Union Finance Minister, Shri P. Chidambaram and the US Treasury Secretary, Mr. Timothy F. Geithner, at the joint press conference, after the Indo-US Economic and Financial Partnership meeting, in New Delhi on October 09, 2012.
    PIB of India
  • French Finance Minister Pierre Moscovici talks to the media upon arrival at the Eurogroup meeting, in Luxembourg, Monday Oct. 8, 2012. Finance ministers from the nations sharing the euro currency assess the latest developments in the financial crisis.
    AP / Yves Logghe
  • The Union Finance Minister, Shri P. Chidambaram delivering the inaugural address at the Economic Editors� Conference-2012, in New Delhi on October 08, 2012.
    PIB of India
  • The Union Finance Minister, Shri P. Chidambaram interacting with the media - Politics- India
    PIB of India /
  • Greece's Prime Minister Antonis Samaras, left, and Finance Minister Yannis Stournaras talk after a meeting with the heads of the two junior coalition parties at Maximos Mansion in Athens, Thursday, Sept. 27, 2012.
    AP / Thanassis Stavrakis
  • Greece's Finance Minister Yannis Stournaras arrives for a meeting with Horst Reichenbach, head of Task Force for Greece of the European Commission in Athens, Tuesday, Sept. 18, 2012. Greece's economy will have contracted by 25 percent by the time the recession ends, the finance minister said Tuesday, as the government remained locked in talks with rescue lenders for its next major austerity program.
    AP / Thanassis Stavrakis
  • Sweden's Finance Minister Anders Borg, center, speaks with Poland's Finance Minister Jacek Rostowski, left, and European Commissioner for the Economy Olli Rehn during a meeting of EU finance ministers at the European Council building in Luxembourg on Friday, June 22, 2012. European finance ministers are meeting in Luxembourg to discuss the idea of a tax on financial transactions that would be used to make banks pay for their own bailouts.
    AP / Virginia Mayo
  • Portugal's Finance Minister Vitor Gaspar answers a question during a news conference at the Portuguese Finance Ministry, Tuesday, Sept. 11, 2012 in Lisbon. Gaspar says the foreign lenders who granted his country a euro 78 billion ($100 billion) bailout last year have agreed to ease the country's deficit targets.
    AP / Francisco Seco
  • Jun Murai, Kazuhito Ikeo, Economics, Finance, Japanese Economics. Former president of Nippon Finance Association He contributed to design the Big Bang liberalization of the Japanese financial sector as a chairperson of Economic Council in 1996.
    Creative Commons / TakuyaMurata
  • Italy's Deputy Finance Minister Vittorio Grilli speaks to the press during G-20 Finance Ministers and Central Bank Governors meeting in Mexico City, Sunday Feb. 26, 2012.
    AP / Marco Ugarte
  • German Foreign Minister Guido Westerwelle, right, welcomes Greek Finance Minister Yiannis Stournaras, left, for talks on the financial crisis at the foreign ministry in Berlin, Tuesday, Sept. 4, 2012.
    AP / Markus Schreiber
  • Finances
    Public Domain / 16th century painter, anonymous [edit]
  • Shri Raghuram Rajan taking charge as the new Chief Economic Advisor in the Ministry of Finance, in New Delhi on August 29, 2012.
    PIB of India
  • The Prime Minister, Dr. Manmohan Singh being received by the Minister Economic Affairs and Finance, Iran, Dr. Seyed Shamseddin Hosseini, on his arrival at Mehrabad International Airport, to attend the XVI Non-Aligned Movement (NAM) Summit, in Tehran, Iran on August 28, 2012.
    PIB of India
  • The Union Finance Minister, Shri P. Chidambaram lighting the lamp to inaugurate the Conference of Chief Commissioners/DGs of Customs, Central Excise and Service Tax, in New Delhi on August 28, 2012.
    PIB of India / Photo Division, Ministry of Information & Broadcasting, Government of India
  • The Union Finance Minister, Shri P. Chidambaram briefing the media - India- Politics
    PIB of India


Photo: AP / Themba Hadebe
Mine workers sing a dance during a memorial service at the Lonmin Platinum Mine near Rustenburg, South Africa, Thursday, Aug. 23, 2012. Police shot and killed 34 striking miners and wounded 78 others last week. Demands for higher wages spread to at least two other mines, raising fears of further protests at more South African mines that provide most of the world's platinum.
WorldNews.com
29 Oct 2012
Article by WN.com Correspondent Dallas Darling. Yesterday while protesting with striking mine workers in South Africa, Mohandas Gandhi was gunned down by heavily armed security forces. Gandhi, who...



Photo: AP / Joseph Kaczmarek
Waves crash onto the sea wall protecting homes in Longport, N.J., Sunday, Oct. 28, 2012, as Hurricane Sandy approaches the area.
Xinhua
29 Oct 2012
> • TheUnited Stateson Sunday is bracing for the impact of an incredibly large Hurricane Sandy. • Hurricane Center warned residents of mid-Atlantic coast should expect life-threatening storm surges. •...



Photo: AP / John Minchillo
Vehicles are submerged on 14th Street near the Consolidated Edison power plant, Monday, Oct. 29, 2012, in New York.
Belfast Telegraph
30 Oct 2012
At least 13 people have been killed in the US and millions are without power after Superstorm Sandy slammed into the New Jersey coastline and hurled a record-breaking 13ft surge of seawater at New...



Photo: WN / Ahmed Deeb
Palestinians filling plastic bottles and jerry cans with drinking water from a public tap at the United Nations Relief and Works Agency (UNRWA) headquarters in the southern Gaza Strip refugee camp of Rafah. -- The Israeli blockade on Gaza has made life more difficult for the inhabitants of the camp. Unemployment levels have increased dramatically, with a large proportion of the residents relying on UNRWA's nutritional and financial assistance.
Al Jazeera
29 Oct 2012
A poll of Jewish Israelis published last week in Ha'aretz newspaper created headlines round the world with its findings of support among the public for discriminatory policies. Some greeted the...



Photo: AP / Robert F. Bukaty
In this May 6, 2012 file photo, Gov. Paul LePage speaks at the Maine Republican Convention in Augusta, Maine. LePage met with representatives from two Jewish groups on Friday, July 13, 2012, following comments he has made comparing the Internal Revenue Service to the Gestapo
WorldNews.com
28 Oct 2012
Article by WN.com Correspondent Dallas Darling Even though Maine's Governor, Paul LePage, apologized for making comments for comparing the Affordable Health Care Act and Internal Revenue Service (IRS)...





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Finance is the study of how investors allocate their assets over time under conditions of certainty and uncertainty. A key point in finance, which affects decisions, is the time value of money, which states that a unit of currency today is worth more than a unit of currency tomorrow. Finance measures the risks vs. profits and gives an indication of whether the investment is good or not. Finance can be broken into three different sub categories: public finance, corporate finance and personal finance.

Contents

Areas of finance[link]

Personal finance[link]

Questions in personal finance revolve around

  • How can people protect themselves against unforeseen personal events, as well as those in the external economy?
  • How can family assets best be transferred across generations (bequests and inheritance)?
  • How does tax policy (tax subsidies or penalties) affect personal financial decisions?
  • How does credit affect an individual's financial standing?
  • How can one plan for a secure financial future in an environment of economic instability?

Personal financial decisions may involve paying for education, financing durable goods such as real estate and cars, buying insurance, e.g. health and property insurance, investing and saving for retirement.

Personal financial decisions may also involve paying for a loan, or debt obligations. The six key areas of personal financial planning, as suggested by the Financial Planning Standards Board, are:[1]

  1. Financial position: is concerned with understanding the personal resources available by examining net worth and household cash flow. Net worth is a person's balance sheet, calculated by adding up all assets under that person's control, minus all liabilities of the household, at one point in time. Household cash flow totals up all the expected sources of income within a year, minus all expected expenses within the same year. From this analysis, the financial planner can determine to what degree and in what time the personal goals can be accomplished.
  2. Adequate protection: the analysis of how to protect a household from unforeseen risks. These risks can be divided into liability, property, death, disability, health and long term care. Some of these risks may be self-insurable, while most will require the purchase of an insurance contract. Determining how much insurance to get, at the most cost effective terms requires knowledge of the market for personal insurance. Business owners, professionals, athletes and entertainers require specialized insurance professionals to adequately protect themselves. Since insurance also enjoys some tax benefits, utilizing insurance investment products may be a critical piece of the overall investment planning.
  3. Tax planning: typically the income tax is the single largest expense in a household. Managing taxes is not a question of if you will pay taxes, but when and how much. Government gives many incentives in the form of tax deductions and credits, which can be used to reduce the lifetime tax burden. Most modern governments use a progressive tax. Typically, as one's income grows, a higher marginal rate of tax must be paid.[citation needed] Understanding how to take advantage of the myriad tax breaks when planning one's personal finances can make a significant impact.
  4. Investment and accumulation goals: planning how to accumulate enough money for large purchases, and life events is what most people consider to be financial planning. Major reasons to accumulate assets include, purchasing a house or car, starting a business, paying for education expenses, and saving for retirement.

    Achieving these goals requires projecting what they will cost, and when you need to withdraw funds. A major risk to the household in achieving their accumulation goal is the rate of price increases over time, or inflation. Using net present value calculators, the financial planner will suggest a combination of asset earmarking and regular savings to be invested in a variety of investments. In order to overcome the rate of inflation, the investment portfolio has to get a higher rate of return, which typically will subject the portfolio to a number of risks. Managing these portfolio risks is most often accomplished using asset allocation, which seeks to diversify investment risk and opportunity. This asset allocation will prescribe a percentage allocation to be invested in stocks, bonds, cash and alternative investments. The allocation should also take into consideration the personal risk profile of every investor, since risk attitudes vary from person to person.

  5. Retirement planning is the process of understanding how much it costs to live at retirement, and coming up with a plan to distribute assets to meet any income shortfall. Methods for retirement plan include taking advantage of government allowed structures to manage tax liability including: individual (IRA) structures, or employer sponsored retirement plans.
  6. Estate planning involves planning for the disposition of one's assets after death. Typically, there is a tax due to the state or federal government at your death. Avoiding these taxes means that more of your assets will be distributed to your heirs. You can leave your assets to family, friends or charitable groups.

Corporate finance[link]

Managerial or corporate finance is the task of providing the funds for a corporation's activities (for small business, this is referred to as SME finance). Corporate finance generally involves balancing risk and profitability, while attempting to maximize an entity's wealth and the value of its stock, and generically entails three interrelated decisions. In the first, "the investment decision", management must decide which "projects" (if any) to undertake. The discipline of capital budgeting is devoted to this question, and may employ standard business valuation techniques or even extend to real options valuation; see Financial modeling. The second, "the financing decision" relates to how these investments are to be funded: capital here is provided by shareholders, in the form of equity (privately or via an initial public offering), creditors, often in the form of bonds, and the firm's operations (cash flow). Short-term funding or working capital is mostly provided by banks extending a line of credit. The balance between these elements forms the company's capital structure. The third, "the dividend decision", requires management to determine whether any unappropriated profit is to be retained for future investment / operational requirements, or instead to be distributed to shareholders, and if so in what form. Short term financial management is often termed "working capital management", and relates to cash-, inventory- and debtors management. These areas often overlap with the firm's accounting function, however, financial accounting is more concerned with the reporting of historical financial information, while these financial decisions are directed toward the future of the firm.

Another business decision concerning finance is investment, or fund management. An investment is an acquisition of an asset in the hope that it will maintain or increase its value. In investment management – in choosing a portfolio – one has to decide what, how much and when to invest. To do this, a company must:

  • Identify relevant objectives and constraints: institution or individual goals, time horizon, risk aversion and tax considerations;
  • Identify the appropriate strategy: active versus passive hedging strategy
  • Measure the portfolio performance

Financial management is duplicate with the financial function of the Accounting profession. However, financial accounting is more concerned with the reporting of historical financial information, while the financial decision is directed toward the future of the firm.

Financial risk management, an element of corporate finance, is the practice of creating and protecting economic value in a firm by using financial instruments to manage exposure to risk, particularly credit risk and market risk. (Other risk types include Foreign exchange, Shape, Volatility, Sector, Liquidity, Inflation risks, etc.) It focuses on when and how to hedge using financial instruments; in this sense it overlaps with financial engineering. Similar to general risk management, financial risk management requires identifying its sources, measuring it (see: Risk measure: Well known risk measures), and formulating plans to address these, and can be qualitative and quantitative. In the banking sector worldwide, the Basel Accords are generally adopted by internationally active banks for tracking, reporting and exposing operational, credit and market risks.

Financial services[link]

An entity whose income exceeds its expenditure can lend or invest the excess income. On the other hand, an entity whose income is less than its expenditure can raise capital by borrowing or selling equity claims, decreasing its expenses, or increasing its income. The lender can find a borrower, a financial intermediary such as a bank, or buy notes or bonds in the bond market. The lender receives interest, the borrower pays a higher interest than the lender receives, and the financial intermediary earns the difference for arranging the loan.

A bank aggregates the activities of many borrowers and lenders. A bank accepts deposits from lenders, on which it pays interest. The bank then lends these deposits to borrowers. Banks allow borrowers and lenders, of different sizes, to coordinate their activity.

Finance is used by individuals (personal finance), by governments (public finance), by businesses (corporate finance) and by a wide variety of other organizations, including schools and non-profit organizations. In general, the goals of each of the above activities are achieved through the use of appropriate financial instruments and methodologies, with consideration to their institutional setting.

Finance is one of the most important aspects of business management and includes decisions related to the use and acquisition of funds for the enterprise.

In corporate finance, a company's capital structure is the total mix of financing methods it uses to raise funds. One method is debt financing, which includes bank loans and bond sales. Another method is equity financing - the sale of stock by a company to investors, the original shareholders of a share. Ownership of a share gives the shareholder certain contractual rights and powers, which typically include the right to receive declared dividends and to vote the proxy on important matters (e.g., board elections). The owners of both bonds and stock, may be institutional investors - financial institutions such as investment banks and pension funds — or private individuals, called private investors or retail investors.

Public finance[link]

Public finance describes finance as related to sovereign states and sub-national entities (states/provinces, counties, municipalities, etc.) and related public entities (e.g. school districts) or agencies. It is concerned with:

  • Identification of required expenditure of a public sector entity
  • Source(s) of that entity's revenue
  • The budgeting process
  • Debt issuance (municipal bonds) for public works projects

Central banks, such as the Federal Reserve System banks in the United States and Bank of England in the United Kingdom, are strong players in public finance, acting as lenders of last resort as well as strong influences on monetary and credit conditions in the economy.[2]

Capital[link]

Capital, in the financial sense, is the money that gives the business the power to buy goods to be used in the production of other goods or the offering of a service. (The capital has two types of resources Equity and Debt)

The deployment of capital is decided by the budget. This may include the objective of business, targets set, and results in financial terms, e.g., the target set for sale, resulting cost, growth, required investment to achieve the planned sales, and financing source for the investment.

A budget may be long term or short term. Long term budgets have a time horizon of 5–10 years giving a vision to the company; short term is an annual budget which is drawn to control and operate in that particular year.

Budgets will include proposed fixed asset requirements and how these expenditures will be financed. Capital budgets are often adjusted annually and should be part of a longer-term Capital Improvements Plan.

A cash budget is also required. The working capital requirements of a business are monitored at all times to ensure that there are sufficient funds available to meet short-term expenses.

The cash budget is basically a detailed plan that shows all expected sources and uses of cash. The cash budget has the following six main sections:

  1. Beginning Cash Balance - contains the last period's closing cash balance.
  2. Cash collections - includes all expected cash receipts (all sources of cash for the period considered, mainly sales)
  3. Cash disbursements - lists all planned cash outflows for the period, excluding interest payments on short-term loans, which appear in the financing section. All expenses that do not affect cash flow are excluded from this list (e.g. depreciation, amortization, etc.)
  4. Cash excess or deficiency - a function of the cash needs and cash available. Cash needs are determined by the total cash disbursements plus the minimum cash balance required by company policy. If total cash available is less than cash needs, a deficiency exists.
  5. Financing - discloses the planned borrowings and repayments, including interest.
  6. Ending Cash balance - simply reveals the planned ending cash balance.

Financial theory[link]

Financial economics[link]

Financial economics is the branch of economics studying the interrelation of financial variables, such as prices, interest rates and shares, as opposed to those concerning the real economy. Financial economics concentrates on influences of real economic variables on financial ones, in contrast to pure finance. It centres on decision making under uncertainty in the context of the financial markets, and the resultant economic and financial models. It essentially explores how rational investors would apply decision theory to the problem of investment. Here, the twin assumptions of rationality and market efficiency lead to modern portfolio theory (the CAPM), and to the Black Scholes theory for option valuation; it further studies phenomena and models where these assumptions do not hold, or are extended. "Financial economics", at least formally, also considers investment under "certainty" (Fisher separation theorem, "theory of investment value", Modigliani-Miller theorem) and hence also contributes to corporate finance theory. Financial Econometrics is the branch of Financial Economics that uses econometric techniques to parameterize the relationships suggested.

Although closely related, the disciplines of economics and finance are distinctive. The “economy” is a social institution that organizes a society’s production, distribution, and consumption of goods and services,” all of which must be financed.

Economists make a number of abstract assumptions for purposes of their analyses and predictions. They generally regard financial markets that function for the financial system as an efficient mechanism. Instead, financial markets are subject to human error and emotion.[3] New research discloses the mischaracterization of investment safety and measures of financial products and markets so complex that their effects, especially under conditions of uncertainty, are impossible to predict. The study of finance is subsumed under economics as financial economics, but the scope, speed, power relations and practices of the financial system can uplift or cripple whole economies and the well-being of households, businesses and governing bodies within them—sometimes in a single day.

Financial mathematics[link]

Financial mathematics is a field of applied mathematics, concerned with financial markets. The subject has a close relationship with the discipline of financial economics, which is concerned with much of the underlying theory. Generally, mathematical finance will derive, and extend, the mathematical or numerical models suggested by financial economics. In terms of practice, mathematical finance also overlaps heavily with the field of computational finance (also known as financial engineering). Arguably, these are largely synonymous, although the latter focuses on application, while the former focuses on modeling and derivation (see: Quantitative analyst). The field is largely focused on the modelling of derivatives, although other important subfields include insurance mathematics and quantitative portfolio problems. See Outline of finance: Mathematical tools; Outline of finance: Derivatives pricing.

Experimental finance[link]

Experimental finance aims to establish different market settings and environments to observe experimentally and provide a lens through which science can analyze agents' behavior and the resulting characteristics of trading flows, information diffusion and aggregation, price setting mechanisms, and returns processes. Researchers in experimental finance can study to what extent existing financial economics theory makes valid predictions, and attempt to discover new principles on which such theory can be extended. Research may proceed by conducting trading simulations or by establishing and studying the behaviour of people in artificial competitive market-like settings.

Behavioral finance[link]

Behavioral Finance studies how the psychology of investors or managers affects financial decisions and markets. Behavioral finance has grown over the last few decades to become central to finance.

Behavioral finance includes such topics as:

  1. Empirical studies that demonstrate significant deviations from classical theories.
  2. Models of how psychology affects trading and prices
  3. Forecasting based on these methods.
  4. Studies of experimental asset markets and use of models to forecast experiments.

A strand of behavioral finance has been dubbed Quantitative Behavioral Finance, which uses mathematical and statistical methodology to understand behavioral biases in conjunction with valuation. Some of this endeavor has been led by Gunduz Caginalp (Professor of Mathematics and Editor of Journal of Behavioral Finance during 2001-2004) and collaborators including Vernon Smith (2002 Nobel Laureate in Economics), David Porter, Don Balenovich, Vladimira Ilieva, Ahmet Duran). Studies by Jeff Madura, Ray Sturm and others have demonstrated significant behavioral effects in stocks and exchange traded funds. Among other topics, quantitative behavioral finance studies behavioral effects together with the non-classical assumption of the finiteness of assets.

Intangible asset finance[link]

Intangible asset finance is the area of finance that deals with intangible assets such as patents, trademarks, goodwill, reputation, etc.

Professional qualifications[link]

There are several related professional qualifications, that can lead to the field:

See also[link]

References[link]

  1. ^ "Financial Planning Curriculum Framework". Financial Planning Standards Board. 2011. http://www.fpsb.org/component/docman/doc_download/1008-financial-planning-curriculum-framework.html. Retrieved 7 April 2012. 
  2. ^ Board of Governors of Federal Reserve System of the United States. Mission of the Federal Reserve System. Federalreserve.gov Accessed: 2010-01-16. (Archived by WebCite at Webcitation.org)
  3. ^ Berezin, M. (2005). "Emotions and the Economy" in Smelser, N.J. and R. Swedberg (eds.) The Handbook of Economic Sociology, Second Edition. Princeton University Press: Princeton, NJ

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This page contains text from Wikipedia, the Free Encyclopedia - http://en.wikipedia.org/wiki/Finance

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James Beeland Rogers, Jr.
Born (1942-10-19) October 19, 1942 (age 69)
Baltimore, Maryland, USA[1]
Alma mater Balliol College, Oxford
Yale University
Occupation Chairman of Rogers Holdings and Beeland Interests, Inc.
Co-founder of the Quantum Fund
Website
www.jimrogers.com

James Beeland Rogers, Jr. (born October 19, 1942) is an American investor and author. He is currently based in Singapore. Rogers is the Chairman of Rogers Holdings and Beeland Interests, Inc. He was the co-founder of the Quantum Fund with George Soros and creator of the Rogers International Commodities Index (RICI).

Rogers is an outspoken proponent of the free market, but he does not consider himself a member of any school of thought. Rogers acknowledged, however, that his views best fit the label of Austrian School of economics.[2][3]

Contents

Early life and education[link]

Rogers was born in Baltimore, Maryland and raised in Demopolis, Alabama.[1][4] He started in business at the age of five by selling peanuts and by picking up empty bottles that fans left behind at baseball games. He got his first job on Wall Street, at Dominick & Dominick, after graduating with a bachelor's degree in History from Yale University in 1964. Rogers then acquired a second BA degree in Philosophy, Politics and Economics from Balliol College, Oxford University in 1966.

Business career[link]

1970-2002[link]

In 1970, Rogers joined Arnhold and S. Bleichroder. In 1973, Rogers co-founded the Quantum Fund with George Soros. During the following 10 years, the portfolio gained 4200% while the S&P advanced about 47%.[5] The Quantum Fund was one of the first truly international funds.

In 1980, Rogers decided to "retire", and spent some of his time traveling on a motorcycle around the world. Since then, he has been a guest professor of finance at the Columbia Business School.[6]

In 1989 and 1990, Rogers was the moderator of WCBS' The Dreyfus Roundtable and FNN's The Profit Motive with Jim Rogers. From 1990 to 1992, he traveled through China again, as well as around the world, on motorcycle, over 100,000 miles (160,000 km) across six continents, which was picked up in the Guinness Book of World Records. He tells of his adventures and worldwide investments in Investment Biker, a bestselling investment book.

In 1998, Rogers founded the Rogers International Commodity Index. In 2007, the index and its three sub-indices were linked to exchange-traded notes under the banner ELEMENTS. The notes track the total return of the indices as an accessible way to invest in the index. Rogers is an outspoken advocate of agriculture investments.

Between January 1, 1999 and January 5, 2002, Rogers did another Guinness World Record journey through 116 countries, covering 245,000 kilometers with his wife, Paige Parker, in a custom-made Mercedes. The trip began in Iceland, which was about to celebrate the 1000th anniversary of Leif Eriksson's first trip to America. On January 5, 2002, they were back in New York City and their home on Riverside Drive. His route around the world can be viewed on his website, jimrogers.com. He wrote Adventure Capitalist following this around-the-world adventure. It is currently his bestselling book.

2002 to present[link]

On his return in 2002, Rogers became a regular guest on Fox News' Cavuto on Business and other financial TV shows.[7] In 2002, Rogers said that Fed Chairman Alan Greenspan's "reaction to the stock-market bubble has caused two more bubbles to grow: a real-estate bubble and a consumer-debt bubble."[8] In 2006, Rogers said he was shorting US financials, home builders and Fannie Mae.[9][10]

In 2005, Rogers wrote Hot Commodities: How Anyone Can Invest Profitably in the World's Best Market. In this book, Rogers quotes a Financial Analysts Journal academic paper co-authored by Yale School of Management professor, Geert Rouwenhorst, entitled Facts and Fantasies about Commodity Futures. Rogers contends this paper shows that commodities investment is one of the best investments over time, which is a concept somewhat at odds with conventional investment thinking.

In December 2007, Rogers sold his mansion in New York City for about 16 million USD and moved to Singapore. Rogers claimed that he moved because now is a ground-breaking time for investment potential in Asian markets. Rogers's first daughter is now being tutored in Mandarin to prepare her for the future. He is quoted as saying: "If you were smart in 1807 you moved to London, if you were smart in 1907 you moved to New York City, and if you are smart in 2007 you move to Asia." In a CNBC interview with Maria Bartiromo broadcast on May 5, 2008, Rogers said that people in China are extremely motivated and driven, and he wants to be in that type of environment, so his daughters are motivated and driven. He also stated that this is how America and Europe used to be. He chose not to move to Chinese cities like Hong Kong or Shanghai due to the high levels of pollution causing potential health problems for his family; hence, he chose Singapore. He has also advocated investing in certain smaller Asian frontier markets such as Sri Lanka and Cambodia, and currently serves as an Advisor to Leopard Capital’s Leopard Sri Lanka Fund.[11] However, he is not fully bullish on all Asian nations, as he remains skeptical of India's future - "India as we know it will not survive another 30 or 40 years".[12] In 2008 Rogers endorsed Ron Paul for President of the United States.[13]

Rogers has two daughters with Paige Parker. Hilton Augusta (nicknamed Happy) was born in 2003, and their second daughter Beeland Anderson in 2008. His latest book, A Gift To My Children, contains lessons in life for his daughters as well as investment advice and was published in 2009.

On November 4, 2010, at Oxford University’s Balliol College, he urged students to scrap career plans for Wall Street or the City, London’s financial district, and to study agriculture and mining instead. “The power is shifting again from the financial centers to the producers of real goods. The place to be is in commodities, raw materials, natural resources."[14]

In February 2011 Rogers announced that he has started a new index fund which focuses on "the top companies in agriculture, mining, metals and energy sectors as well as those in the alternative energy space including solar, wind and hydro."[15] The index is called The Rogers Global Resources Equity Index and according to Rogers, only the best and most liquid companies go into the index.

Bibliography[link]

Further reading[link]

External links[link]

Articles
Interviews

References[link]

  1. ^ a b Vetter, Jason (January 18, 1998). - "Adventurer from Marengo Wanders into the Big Money: Jim Rogers started out selling peanuts at Little League games, then made a bonanza on Wall Street". - Mobile Register.
  2. ^ Drobny, Steven (2006). "11: The Pioneer". Inside the House of Money: Top Hedge Fund Traders on Profiting in the Global Markets. Hoboken, New Jersey: John Wiley & Sons, Inc.. p. 230. ISBN 978-0-471-79447-9. 
  3. ^ accessdate=2011-06-23 "Jim Rogers: Schlarbaum Prize 2010". 2010-02-10. http://blog.mises.org/11649/jim-rogers-schlarbaum-prize-2010/ accessdate=2011-06-23. 
  4. ^ NOTE: The reports of Rogers being born in Demopolis are an incorrect assumption. The Jim Rogers born in Wetumpka is a different Jim Rogers.
  5. ^ "James Rogers". streetstories.com. undated. http://www.streetstories.com/James_Rogers.htm. Retrieved 2007-07-26. 
  6. ^ http://www.ft.com/intl/cms/s/2/0e676a08-d602-11de-b80f-00144feabdc0.html
  7. ^ Benjamin Scent, "Six more hard years tipped for subprime fallout", The Standard, November 19, 2007.
  8. ^ http://www.jimrogers.com/content/stories/articles/For_Whom_the_Closing_Bell_Tolls.html
  9. ^ http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a2udgQaBPhYc&refer=home
  10. ^ http://uk.reuters.com/article/2007/04/11/summit-rogers-idUKNOA12801320070411
  11. ^ "Rogers Joins Leopard Capital to Advise on Sri Lanka" FINalternatives, February 9, 2010.
  12. ^ "India". - JimRogers.com.
  13. ^ http://www.youtube.com/watch?v=MK3aVikBUdM
  14. ^ "Bernanke ‘Doesn’t Understand’ Economics, Rogers Says" Bloomberg News, 11/5/2010.
  15. ^ "Commodities Bull Market is Still in Place: Rogers". CNBC. 27 February 2011. http://www.cnbc.com/id/41817789. Retrieved 2 March 2011. 

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This article is licensed under the Creative Commons Attribution-ShareAlike 3.0 Unported License, which means that you can copy and modify it as long as the entire work (including additions) remains under this license.