Financeprofessor

A discussion of stock and bond pricing from MBA 626 (Investments)

My helpified path to correspond with this podcasthttps://helpified.com/paths/public-offers-and-private-placements

Debt makes good times great and bad times horrible... that and a whole lot more in this class on capital structure.  Thanks Yogi!  Modigliani and Miller.  https://helpified.com/paths/capital-structure-i  more of my material on this

Overview of the development of CAPM (portfolio math, types of risk, and CAPM itself).    

While this was from Finance 401, it is very similar for other classes that discuss the development of CAPM.  I dropped the history this year to get the development more or less in 

 This was a somewhat bad recording (I left the phone on podium) of Finance 401 at St. Bonaventure.  Today's topic was bond pricing.  We looked at liklihood of getting paid,, rating firms, default rates over time, i-rate spreads, LTCM, and a few other things.  A good class, but I wish I had had better examples.  

A look at Market Efficiency.  From Weak form, to SemiStrong Form, to Strong Form.  Conclusion?  Markets are tough to beat, but not perfectly efficient.  That said, to average investor, they are very tough to beat and passive investing (or largely passive) likely works best.  

SKIP first 15-20 seconds This was a somewhat bad recording (I left the phone on podium) of Finance 401 at St. Bonaventure.  Today's topic was bond pricing.  We looked at liklihood of getting paid,, rating firms, default rates over time, i-rate spreads, LTCM, and a few other things.  A good class, but I wish I had had better examples.  

In this chapter, the book compares the index model (whereby assets are compared to a single index vs the Markowitz model that uses the covariances with all other assets with all other assets.  It also discusses how bets are calculated and what adjusted betas represent.  

A quick overview of Chapter 7 from the Bodie, Kane, and Marcus Investments textbook for my MBA 626 class.  Topics include: portfolio math (calculating expected returns and Standard Deviations for a portfolio),  Benefits (and limitations of) diversification, the Mean Variance Efficient Frontier (MVE), The Capital Allocation Line (CAL), and the Separation property (says if investors hold any risky asset, they should hold only the tangency portfolio...that is they should invest along the Capital Allocation Line) 

Chapter 6 looks at allocation to risky assets.  It begins with speculation and gambling and then moves to utility measurements, risk aversion, and indifference curves. It then discusses the Capital Allocation Line and eventually the Capital Market Line.  It is a short chapter. 

Chapter 4 is primarily about mutual funds.  It deals with various types of investment companies, mutual funds, ETFs, and hedge funds.   You should find this chapter a bit easier than some of the others. 

 This is a more challenging chapter.  It deals with risk and return.  From EAR to APR to arithmetic and geometric returns.  Then it gets into standard deviations, risk premiums, excess returns, and Sharpe Ratios.  It also deals with VaR, higher moments of distributions and more.  Like the mountain stage in the Tour de France, this chapter will likely be a differentiator on student performance. Chapter 5 Investments Bodie, Kane, and Marcus (MBA 626)

An overview of the important points from Chapter 2 of Bodie, Kane, and Marcus.  Note this is an important chapter and I recommend you go through it a couple of times.  ESPECIALLY if you have been away from finance for a while.  It lays out many of the terms we will be using throughout the course.  

My overview of Chapter 3 of Bodie Kane and Marcus' Investments text book.  For use in MBA 626 at St. Bonaventure University.  

A fast overview/Introduction to Bodie, Kane, and Marcus' Investments (10th edition).  I will try to do these short introductions to each chapter to make the online course a bit easier for you.  

A brief introduction to Finance 401 at St. Bonaventure University as taught by Jim Mahar.  Includes tips on how to succeed in the class. 

MBA 626 is the MBA level investments class at St. Bonaventure University.  It is a new prep for me (Fall of 2015) and I really am looking forward to the hybrid format with some in-person meetings, some online videos, some traditional textbook (Bodie, Kane, and Marcus), and some online notes.  The final will be in-person however.We will also have weekly office hours via video conference to which you can submit questions in advance, or live.  

This will be in part interviews with finance professionals and discussions of academic finance papers as well as current events.  It will also have my class lectures online in audio format.  Nothing I say or do is meant as investment advice except that you should plan for the future and act accordingly.