December 2002


The Option Trader's Guide To Probability, Volatility, And Timing
Real Options Analysis: Tools And Techniques For Valuing Strategic Investments And Decisions
How To Sell Short In The Stock Market
Fooled By Randomness: The Hidden Role Of Chance In The Markets And In Life
Markets, Mobs & Mayhem: A Modern Look At The Madness Of Crowds
Take On The Street: What Wall Street And Corporate America Don't Know
The Global-Investor Book Of Investing Rules: Invaluable Advice From 150 Master Investors


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The Option Trader's Guide To Probability, Volatility, And Timing (271 pages, $69.95 hardcover, 2002, ISBN 047122619X), by Jay Kaeppel, published by John Wiley & Sons.

Options are an attractive investment, primarily because of the leverage and enhanced profit potential associated with them. But they can also be dangerous if you don't know how to handle elements such as implied volatility, time decay, and out-of-the-money versus in-the-money options. This book explains these issues and provides you with a working knowledge of various option strategies appropriate for any given situation. To profit from options, you must have a firm understanding of what they are, how they work, and how they must be traded. If you are serious about trading options, in reading this book you can learn how to achieve profits in one of the most lucrative markets in the world.

Wiley Book Order Department, 1 Wiley Drive, Somerset, NJ 08875, 800 225-5945, 732 469-4400 ext. 2497, www.wiley.com
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Real Options Analysis: Tools And Techniques For Valuing Strategic Investments And Decisions (386 pages, $69.95 hardcover plus CD, 2002, ISBN 047125696X), by Johnathan Mun, published by John Wiley & Sons.

The volatile economy has presented new challenges to the corporate decision-maker, and real options are poised to become the key management tool for today's and tomorrow's businesses. Real options analysis is an accurate method for estimating the value of strategic investments, and it will continue to be utilized in situations where management has flexibility in large capital budget decisions with high uncertainty. This book examines the qualitative and quantitative aspects of real options, the methods used in valuing real options, and the applicability of these methods in decision-making. It provides insight into the understanding and application of real options when valuing strategic investments and decisions.

Wiley Book Order Department, 1 Wiley Drive, Somerset, NJ 08875, 800 225-5945, 732 469-4400 ext. 2497, www.wiley.com
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How To Sell Short In The Stock Market (124 pages, $30 (including S&H), softcover, 2002, ISBN 097178521X), by Clif Droke, published by Publishing Concepts.

Unlock the immense profit potential found in the realm of short selling. With the simple yet effective techniques revealed in this book, the reader will find himself trading beside the big money "inside" traders. This book details the intricacies of short selling from a technical standpoint, and is written with both the novice and experienced trader in mind. With dozens of charts from the real market, this book takes you through the ins and outs of the short trade. Read this book and unleash the financial opportunities that trading stocks on the short side can bring.

Publishing Concepts, PO Box 3401, Topsail Beach, NC 28445, phone/fax 910 328-0323
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Fooled By Randomness: The Hidden Role Of Chance In The Markets And In Life (203 pages, $27.95 hardcover, 2002, ISBN 1587990717), by Nassim Nicholas Taleb, published by Texere.

This book is about luck Ñ or more precisely, how we perceive and deal with luck in business and life. It is set against the backdrop of the most conspicuous forum in which luck is mistaken for skill: the world of trading. This book gives an insight into one of the least-understood factors in all our lives. The most recognizable character in the book is the lucky fool in the right place at the right time. Such individuals attract devotees who believe they are gurus. However, no one can replicate what is obtained by chance. It may be impossible to guard against the vagaries of fortune, but after reading this book, we can be better prepared.

TEXERE, distributed by WW Norton & Co., Inc., 500 Fifth Ave., New York, NY 10110, 212-354-5500, fax 212 869-0856, www.wwnorton.com
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Markets, Mobs & Mayhem: A Modern Look At The Madness Of Crowds (226 pages, $24.95 hardcover, 2002, ISBN 0471233277), by Robert Menschel, foreword by William Safire, published by John Wiley & Sons.

A few years ago, the Nasdaq was flying high and dotcom millionaires were a dime a dozen. The American economy appeared to be riding an endless wave of soaring stock prices and huge IPOs. It was only the latest version of an important story: group hysteria. Since before 1630s Holland became the center of a massive explosion in tulip speculation, bubbles and busts have shaped history. Today, with the scope of media and the ease of obtaining information, we are more at risk than ever. This book chronicles some of the most memorable instances of mob thinking in history. Whether you're a savvy investor or you just want to stoke your independent spirit, this book is a historical survey of the dark side of human nature.

Wiley Book Order Department, 1 Wiley Drive, Somerset, NJ 08875, 800 225-5945, 732 469-4400 ext. 2497, www.wiley.com
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Take On The Street: What Wall Street And Corporate America Don't Know (295 pages, $24.95 softcover, 2002, ISBN 0375421785) by Arthur Levitt with Paula Dwyer, published by Pantheon, and (6 hours, $29.95 audio book on five CDs, ISBN 055375694X) by Random House Audio.

Investors today are being fed lies and distortions, being exploited and neglected. In the wake of the last decade's rush to invest by millions, and Wall Street's obsession with short-term performance, a culture of gamesmanship has grown among corporate management, financial analysts, brokers, and fund managers, making it hard to tell financial fantasy from reality. This book shows how you can take matters into your own hands. It expounds on the relationship between broker compensation and your trading account; what happens when you place an order; the "seven deadly sins" of mutual funds; how accountants engage in sleight of hand to fake impressive company performance; the reason for the Street's hostility to full disclosure; and what steps you can take to safeguard your financial future. With integrity and authority, Levitt gives us a primer on the collapse of the system for overseeing our capital markets, and essential advice on how not to lose money.

Pantheon, www.pantheonbooks.com
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The Global-Investor Book Of Investing Rules: Invaluable Advice From 150 Master Investors (502 pages, $29 hardcover, 2002, ISBN 0130094013), edited by Philip Jenks and Stephen Eckett, published by Financial Times/Prentice Hall.

This book is a  portfolio of investment advice from 150 of the world's leading fund managers, traders, analysts, economists, and investment experts, presenting "dos and don'ts" techniques, and ideas you can use now. You will discover strategies to increase returns, control risks, and anticipate what's coming next.

Financial Times Prentice Hall, www.phptr.com
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