How to Make Money with Junk Bonds (BUSINESS BOOKS) - Hardcover

Levine, Robert

Hardcover

ISBN 10: 007179381X ISBN 13: 9780071793810

Publisher: McGraw Hill, 2012

Synopsis

Unearth a Gold Mine in the $1 TRILLION Junk Bond Market "Few experts in this area have been willing to share their inside knowledge with the outside world. None have done it as well and as simply and clearly as Bob Levine has done in his new book." -Joel Greenblatt, bestselling author of The Little Book That Beats the Market "A great book by a great investor...[I] recommend this book to everyone who wants to acquire some invaluable horse sense about investing in high yield bonds." -Martin S. Fridson, author of How to Be a Billionaire "This is the best book ever written on high yield corporate bond investing. Destined to become an instant classic..." -Jack Malvey, Chief Global Markets Strategist, Bank of New York Mellon Corp. "A first-rate introduction and navigation guide to the high-yield world." -Reading the Markets Do you think of the junk bond market as an arena of chaos, a financial Wild West, a place to avoid at all costs? In How to Make Money with Junk Bonds, a pioneer of the junk bond business gives you the insight and information you need to lay that fear to rest-so that you can generate unprecedented profits in this $1 trillion market. Robert Levine has the credentials to lead both individual investors and the professionals just getting started in the junk bond market. At Nomura Corporate Research and Asset Management, his junk bond funds substantially outperformed both high yield and S&P indices for more than 18 years-and in this book he explains the method he used to achieve such remarkable results. Helping you pick high yield bonds that have a low possibility of default. How to Make Money with Junk Bonds covers: The difference between stocks and bonds-and where junk bonds fit between them in the risk spectrum How to conduct a thorough credit analysis-the key to making money in junk bonds How to evaluate market conditions-and decide when to invest and when to sit on the sidelines Why you should hire a portfolio manager-and how to select the best one for

About this title

Product Description:

“Authored by an experienced professional, the book is a well-written, clear and occasionally humorous tutorial on investing in speculative-grade corporate debt. All essential aspects of high-yield debt are covered” CFA Institute, August 2012

About the Author:

Robert Levine, CFA, is the founder of Nomura Corporate Research and Asset Management, Inc. ("NCRAM"), where he served as President, CEO and CIO for nearly twenty years. A renowned investor and inductee into the Fixed Income Analysts Society Hall of Fame, Levine founded NCRAM as an analyst-driven research boutique in below-investment-grade debt. As CIO, he managed over $15 billion. Mr. Levine is a CFA Charter Holder, a past member of The Association for Investment Management and Research ("AIMR") Accounting Policy Committee, a past Director and past President of the Fixed Income Analysts Society, and past Chairman of the Fixed Income Analysts Society annual Bond Conference.

About this edition

• Publisher: McGraw Hill
• Publication date: 2012
• ISBN 10: 007179381X
• ISBN 13: 9780071793810
• Binding: Hardcover
• Number of pages: 224