LEADER 03851nam 2200661 450 001 9910460530503321 005 20200520144314.0 010 $a0-231-53884-7 024 7 $a10.7312/kuma17224 035 $a(CKB)3710000000513481 035 $a(EBL)4452011 035 $a(SSID)ssj0001571238 035 $a(PQKBManifestationID)16219878 035 $a(PQKBTitleCode)TC0001571238 035 $a(PQKBWorkID)13786569 035 $a(PQKB)10428790 035 $a(MiAaPQ)EBC4452011 035 $a(DE-B1597)458402 035 $a(OCoLC)1011471660 035 $a(OCoLC)928911663 035 $a(OCoLC)979904335 035 $a(DE-B1597)9780231538848 035 $a(Au-PeEL)EBL4452011 035 $a(CaPaEBR)ebr11210735 035 $a(CaONFJC)MIL904019 035 $a(EXLCZ)993710000000513481 100 $a20160531h20152015 uy 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aShort selling $efinding uncommon short ideas /$fAmit Kumar 210 1$aNew York, New York :$cColumbia Business School Publishing,$d2015. 210 4$dİ2015 215 $a1 online resource (263 p.) 225 0 $aColumbia Business School Publishing 300 $aIncludes index. 311 $a0-231-17224-9 327 $tFrontmatter -- $tContents -- $tPreface -- $tAcknowledgments -- $tPart I. Framework to Finding Short Ideas -- $t1. Due Diligence in Short Selling -- $t2. Leveraged Businesses -- $t3. Structural Issues in Industries -- $t4. Recipes for Cooked Books -- $t5. The World Is Going to End -- $tPart II. How Successful Investors and Analysts Think -- $t6. Value Investing -- $t7. Activist Investing -- $t8. Papa Bear -- $t9. Off Wall Street -- $tPart III. Risks and Mechanics of Short Selling -- $t10. When to Hold, When to Fold -- $t11. The Mechanics of Short Selling -- $tGlossary -- $tNotes -- $tIndex 330 $aWhen an investor believes a stock is overvalued and will soon drop in price, he might decide to "short" it. First, he borrows an amount of the stock, and then sells it. He waits for the stock to tank before buying back the same amount of shares at a deflated price. After returning the shares to his lender, he pockets the difference-unless any one of several hard-to-predict variables interferes, and the stock fails to drop. Since these variables are so hard to predict, short selling is difficult for even seasoned investors. It takes great talent and experience to isolate the best short ideas for falling stocks-skills Amit Kumar developed and honed over decades of market analysis and trading. This book shares his short-selling framework, built on themes common to falling stocks and the market's endemic strengths and cycles. Featuring key case studies and exclusive interviews with successful fund managers Bill Ackman (Pershing Square Capital Management) and Mark Roberts (Off Wall Street Consulting Group), Kumar shows investors how to avoid traps and profit from well-researched short ideas. Investors may not always act on short ideas, but they can avoid losses by using Kumar's framework to identify overvalued stocks. Professionals and amateur investors alike will benefit from this fundamental research approach, which transforms short selling into a long-term strategy. 410 0$aColumbia Business School Publishing 606 $aShort selling (Securities) 606 $aStocks$xPrices 606 $aInvestments 608 $aElectronic books. 615 0$aShort selling (Securities) 615 0$aStocks$xPrices. 615 0$aInvestments. 676 $a332.63/228 700 $aKumar$b Amit$c(Certified Financial Analyst),$0720810 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910460530503321 996 $aShort selling$92450884 997 $aUNINA