Applied Portfolio Management

Foreword.
<p>Preface.</p>
<p>Acknowledgments.</p>
<p>Part One. Introduction to the Applied Portfolio Management Class.</p>
<p>Chapter 1. APM History.</p>
<p>In the Beginning.</p>
<p>How do Beginning Investors Think?</p>
<p>Student Groups Short–Term Investing and Portfolio Contests.</p>
<p>Getting Close to the Information.</p>
<p>Onions, Poker, and Ants.</p>
<p>What about the Ants?</p>
<p>Things to Come.</p>
<p>Chapter 2. APM Guidelines.</p>
<p>Professional Money Managers.</p>
<p>Tactical Asset Allocation and Sector Benchmarking.</p>
<p>APM Approach.</p>
<p>Wrapping Up.</p>
<p>Chapter 3. Conventional Wisdom.</p>
<p>Diversification and Risk.</p>
<p>Efficient Markets.</p>
<p>Conclusion.</p>
<p>Chapter 4. How Students Find An Investment Edge.</p>
<p>Build Your Own Information Network.</p>
<p>Neglected Firms.</p>
<p>Surface Analysis.</p>
<p>Wrapping Up.</p>
<p>Chapter 5. Alpha, Sigma, Beta.</p>
<p>APM′s Risk and Reward.</p>
<p>The Risk–Return Trade–off.</p>
<p>Other Risk Measures.</p>
<p>Wrapping Up.</p>
<p>Appendix. Risk and Return Calculations.</p>
<p>Part Two. Building an Investment Case.</p>
<p>Chapter 6. Many Ways to be a Successful Investor.</p>
<p>Common Traits of Successful Investors.</p>
<p>APM′s Philosophy.</p>
<p>LSB Industries.</p>
<p>Wrapping Up.</p>
<p>Chapter 7. Prepping for a Case.</p>
<p>Getting Started.</p>
<p>Understand the Business.</p>
<p>Ready to Write the Case.</p>
<p>Appendix. 10–K Requirements.</p>
<p>Chapter 8. Writing a Case.</p>
<p>Case Format.</p>
<p>Description.</p>
<p>Investment Thesis.</p>
<p>Next Steps.</p>
<p>Chapter 9. Gazing into the Crystal Ball.</p>
<p>Pro Forma Statements.</p>
<p>Pro Forma Financial Statements and Free Cash Flow.</p>
<p>Building a Pro Forma.</p>
<p>Next Steps.</p>
<p>Chapter 10. Valuation.</p>
<p>Relative Valuation.</p>
<p>Discounted Cash Flow Valuation.</p>
<p>Investing is Dynamic.</p>
<p>Appendix. Discounted Cash Flow Formulas.</p>
<p>Part Three. Class Specials.</p>
<p>Chapter 11. Investing in China.</p>
<p>Financial Systems in China.</p>
<p>Raising Equity in China.</p>
<p>Company Example – China Green.</p>
<p>Wrapping Up.</p>
<p>Chapter 12. It′s a Big World (After All).</p>
<p>Interceramic.</p>
<p>World Commodities.</p>
<p>Wrapping Up.</p>
<p>Appendix. Valero′s Numbers.</p>
<p>Chapter 13. Local Biases.</p>
<p>American Italian Pasta (PLB).</p>
<p>Novastar Financial (NFI).</p>
<p>Inergy, L.P. and Inergy Holdings, L.P.</p>
<p>Tortoise Capital Advisors (and more about Inergy).</p>
<p>Wrapping Up.</p>
<p>Chapter 14. Making Corporate Governance Pay.</p>
<p>Board Issues.</p>
<p>Corporate Activists.</p>
<p>Oplink Campaign.</p>
<p>Wrapping Up.</p>
<p>Chapter 15. It′s All About Who You Know.</p>
<p>APM Students.</p>
<p>APM Speakers.</p>
<p>The Last Word.</p>
<p>About the Authors.</p>
<p>Index.</p>