Many attempts have been made to estimate market characteristics from options prices, none more well known than the Black Scholes model. Yet, no options pricing model is without significant criticism. And none are consistent with the characteristics of the market discussed in this paper. Prior to...

Traditional thinking about investment has been thrown on its head in the wake of the financial crisis. Many investors no longer accept the idea that diversification reduces risk and the stock market provides the best long-term returns. With global markets increasingly interlinked, markets tend...

The art market has seen boom and bust during the last years and, despite the downturn, has received more attention from investors given the low interest environment following the financial crisis. However, participation has been reserved for a few investors and the hedging of exposures remains...

Intro -- Danksagung -- Vorwort des Autors -- Was Sie in diesem Buch erwartet -- Fragebogen -- 1. Basiswissen für den Börsenhandel -- 1.1. Der erste Schritt in die spannende Welt des Börsenhandels -- Der Begriff Börse -- Orderarten (Market, Limit und Stop) -- Orderzusätze -- 1.2. Kontoarten...