The Equity Risk Premium: The Long-Run Future of the Stock Market by Bradford Cornell, ISBN 0471327352
"The Equity Risk Premium--the difference between the rate of return on common stock and the return on government securities--has been widely recognized as the key to forecasting future returns on the stock market. Though relatively simple in theory, understanding and making practical use of the equity risk premium concept has been dauntingly complex--until now.
In "The Equity Risk Premium, financial advisor, author, and scholar Bradford Cornell makes accessible for the first time an authoritative explanation of the equity risk premium and how it works in the real world. Step-by-step, his lucid, nontechnical presentation leads the reader to a new and more enlightened basis for making asset allocation choices.
Cornell begins his analysis by looking at the equity risk premium in the light of stock market history. He examines the use of historical data in estimating future stock market performance, including the historical relationship between stock returns and risk premium, the impact of survival bias, and the effect of long-horizon stock and bond returns. Using the stock market boom of the 1990s as a case study, Cornell demonstrates what equity risk premium analysis can tell us about whether stock prices are high or low, whether the stock market itself may have changed, and whether indeed a new economic paradigm of higher earnings and dividend growth is now in place.
Cornell analyzes forward-looking estimates of the equity risk premium through the lens of various competing approaches and assesses the relative merits of each. Among those scrutinized are the Discounted Cash Flow model, the Kaplan-Rubeck study, the Welch survey, and the Fama-French Aggregate IRR analysis.His insights on risk aversion theory, on the types of risk that have been rewarded over time, and on changing investor demographics all supply the sophisticated investor with important pieces of the risk premium puzzle.
Life-Cost Approach to Building Evaluation
Life-cost approach to building evaluation comprehensively addresses in a reader-friendly, accessible way the fundamentals of life-cost studies in the built environment. It includes the time-value of money, discounted cash-flow analysis, differential price-level movement and affordability fluctuations. Contemporary issues such as occupancy costs, sustainability implications and value adding are also addressed.
Replete with illustrations and examples, this innovative book provides a holistic approach to evaluation that integrates life-costing to broader social and environmental criteria.
Important features include:
- presentation materials to facilitate face-to-face and online learning
- review questions
- worked tutorial exercises, and
- example examination papers.
Life-Cost Approach to Building Evaluation 
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The Night the Wheels Fell Off: More Tales about Family, Growing Up, and Other Goofy Stuff
Mike Redmond returns with a follow-up to his Indiana bestseller Six of One, Half Dozen of Antoher. This time, on the occasion of his fiftieth birthday, the hilarious stories center on change. The changes you bring upon yourself. The need to embrace change. the need to count your change before you leave the drive-through window. Mike's detailed reminiscences and spot-on funny stories are sure to win him a new legion of readers, especially among those old enough to remember rotary telephones, black-and-white televisions, and ashtrays on airplanes.
The Night the Wheels Fell Off: More Tales about Family, Growing Up, and Other Goofy Stuff
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Stochastic Dynamic Programming and the Control of Queueing Theory by Linn Sennott, ISBN 0471161209
A path-breaking account of Markov decision processes— theory and computation This book’ s clear presentation of theory, numerous chapter-end problems, and development of a unified method for the computation of optimal policies in both discrete and continuous time make it an excellent course text for graduate students and advanced undergraduates. Its comprehensive coverage of important recent advances in stochastic dynamic programming makes it a valuable working resource for operations research professionals, management scientists, engineers, and others. Stochastic Dynamic Programming and the Control of Queueing Systems presents the theory of optimization under the finite horizon, infinite horizon discounted, and average cost criteria. It then shows how optimal rules of operation (policies) for each criterion may be numerically determined. A great wealth of examples from the application area of the control of queueing systems is presented. Nine numerical programs for the computation...
Stochastic Dynamic Programming and the Control of Queueing Theory by Linn Sennott, ISBN 0471161209
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Greek and Roman Historians: Information and Misinformation by Michael Grant, ISBN 0415117704
It is today widely accepted that we do not get the whole truth from any historian. "Greek and Roman Historians" applies this undoubted fact to ancient historians such as Herodotus, Tacitus and Thucydides. In this enlightening work, Michael Grant argues that misinformation, even deliberate disinformation, is abundant in their writings.
"Greek and Roman Historians" suggests new ways of reading and interpreting the ancient historians, in order to maximize their use as source material. Grant demonstrates that the evidence they provide can be augmented by the use of other sources, literary and non-literary alike.
Michael Grant shows how we can find out something about the ancient world, even if it is not exactly what its historians intended us to know. He argues that their work remains our most important source of information, once we have discounted their sometimes inadequate regard for the truth.
Greek and Roman Historians: Information and Misinformation by Michael Grant, ISBN 0415117704
Discounted televisions > Greek and Roman Historians: Information and Misinformation by Michael Grant, ISBN 0415117704