Friday 26 February 2010

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CRASH: How to Protect and Grow Capital during Corrections, by Ivaylo Ivanov

The odds of an investor experiencing a big market crash during his/her life are 100%.

A well-diversified portfolio will save you from losing money in any 10-year period, but it also “save” you from achieving high returns over time. Diversification won’t save you from experiencing big drawdowns during market panics when correlations go to 1.00 and all assets move together up and down disregarding of underlying fundamentals.

Paul Tudor Jones says that “once in a hundred years events” have started to happen every five years. Obviously, his comment is more of an anecdote than a statistical fact, but it is also a reflection of a timeless market truth – the obvious rarely happens, the unexpected constantly occurs.

The stock market is not a place, where for one party to win, another has to lose. It is a place, driven by cycles – periods when almost everyone is a winner followed by periods when almost everyone is a loser.
Everyone could make a lot of money during market rallies when liquidity and performance chasing lift all boats and trump all bad news. Not everyone keeps that money when the inevitable correction comes.
They say that the definition of insanity is doing the same thing over and over again and expecting different results. Well, if you do the same things over and over in financial markets, you are guaranteed to get different results. Markets change; luckily in a relatively cyclical manner; unluckily the duration of each cycle is unpredictable.
Patterns repeat all the time because human mindset hasn’t changed for thousands of years. Since 1980, the S & P 500 has had an average intra-year decline of 14.2%. In 27 of last 35 years, stocks have still been positive for the year.

Corrections come a lot slower than anyone expects, but once they happen they escalate faster than most could imagine.

Each correction is preceded by distribution and weakening market breadth. The typical correction has distinct stages that vary in duration and require different tactical approach:

1) Quick and wide-spread leg lower that ends with a momentum low.
2) An oversold bounce.
3) A choppy period that whipsaws both bulls and bears.
4) A retest of the momentum lows with breadth divergence.
5) Recovery

The history of U.S. stock markets has been a perpetual long-term uptrend interrupted occasionally, but very consistently by shocks. Most of those shocks take the form of short-term drawdowns that come and go. Some corrections turn into bear markets that last more than a year. They say that almost everyone loses money in bear markets – both bulls and bears. Bulls because they stubbornly hold on to positions in favorite companies and some stocks never recover from deep drawdowns. Bears because they get squeezed during the violent rallies that happen under declining 200-day moving averages. Bear markets should be respected, but they should not be feared. They just require a different approach than what most are get used to in bull markets.

I wrote this book mainly to serve as my own guidance, to organize my thoughts and learn more in the process.

Keep in mind that everyone has his own agenda and bias, including me. The following pages present the perspective of an active trader, who believes in active portfolio management and stock picking. The thought process and observations that I share here might not be suitable for everyone.

By reading this guideline, you will become better educated in the following subjects:

How to protect capital during market corrections
When to raise cash, take profits and sell long holdings
When and how to hedge
How to remain calm and protect your confidence during corrections
How to Make Money on the short side during market corrections
How to survive extremely choppy periods during market corrections
How to be flexible and prosper during long bear markets
How to recognize market bottoms
How to make money during market recoveries
How to use social media during correct

  • Sales Rank: #540689 in eBooks
  • Published on: 2015-09-13
  • Released on: 2015-09-13
  • Format: Kindle eBook

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0 of 0 people found the following review helpful.
Must-read for any investor and trader
By anja
Market corrections of at least 8-10% happen every year. Most people lose a lot of money and confidence during those times. In the first chapter of Crash, the author shows over 30 charts, showcasing all market corrections since 1980. Then, he explains how to recognize tops. While he admits that tops are almost impossible to call consistently, he provides a solid framework of guidance what to look for and how to protect capital. The rest of the chapters are spent on how to make money during market corrections. The author shares in intimate details how to find and trade short setups, how to hedge with volatility instruments, how to deal with bear markets and how to recognize market bottoms and make money during recoveries. The last chapter of the book is dedicated to how to use social media during periods of market turmoil. There’s also a list of 100 accounts to follow on Twitter. Overall, a great book!

1 of 3 people found the following review helpful.
Nice read.
By Mike Adamson
Very current and relevant to today's environment. Nice read.

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Saturday 20 February 2010

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  • Published on: 1707
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Tuesday 16 February 2010

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An update to the 2nd edition

  • Sales Rank: #1351584 in Books
  • Published on: 2015
  • Binding: Paperback

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Thursday 11 February 2010

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Security Operations Management, 3rd edition, is the latest edition the seminal reference on corporate security management operations for today’s security management professionals and students.

The book explores the characteristics of today’s globalized workplaces, why security has a key role within them, and what the greatest concern are to security practitioners and senior managers. Incorporating the latest security research and best practices, updates to Security Operations Management 3rd edition include explorations of the key skills needed by security managers to demonstrate the value of their security program, greater emphasis on identifying and managing risk, and coverage of the latest technological advances in security control, command, communications, and computing. The third edition also delves more deeply than previous editions into online security training practices, as well as investigates the changing roles of women and minorities in security operations.

  • Includes all-new cases and examples―including from outside the U.S.―providing coverage of both the business and technical aspects of security
  • Offers increased coverage of cybercrime and workplace violence
  • Explores the latest technological advances in security control, command, communications, and computing, and current techniques for how prospective security personnel are vetted, including how to use social media
  • Prepares security professionals�for professional certification exams

  • Sales Rank: #1183155 in Books
  • Published on: 2015-10-16
  • Released on: 2015-10-02
  • Original language: English
  • Number of items: 1
  • Dimensions: 9.25" h x 1.05" w x 7.50" l, .0 pounds
  • Binding: Paperback
  • 464 pages

About the Author
Since 1970, Robert McCrie has written, edited, researched, taught, and consulted broadly in issues related to security management (protection of assets from loss) and criminal justice. He edits Security Letter and was founding editor-in-chief of Security Journal, a research journal, and now is editor emeritus.
He has been associated with John Jay College since the 1970’s. He joined the faculty in 1985, moving up the ranks to full professor and serving as chair of one of the largest departments, Law, Police Science and Criminal Justice Administration from 1997-2003. He later helped found his current department.

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Monday 8 February 2010

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VHDL Coding and Logic Synthesis with Synopsys, by Weng Fook Lee

This book provides the most up-to-date coverage using the Synopsys program in the design of integrated circuits. The incorporation of "synthesis tools" is the most popular new method of designing integrated circuits for higher speeds covering smaller surface areas.

Synopsys is the dominant computer-aided circuit design program in the world. All of the major circuit manufacturers and ASIC design firms use Synopsys. In addition, Synopsys is used in teaching and laboratories at over 600 universities.


* First practical guide to using synthesis with Synopsys
* Synopsys is the #1 design program for IC design

  • Sales Rank: #4016671 in Books
  • Published on: 2000-08-07
  • Original language: English
  • Number of items: 1
  • Dimensions: 1.27" h x 7.85" w x 9.54" l, 1.10 pounds
  • Binding: Hardcover
  • 392 pages

From the Back Cover
Unlike many other available references, this book is written specifically with practicality in mind. It has over 60 practical examples to help the reader learn how very high-speed integrated hardware description language (VHDL) coding and synthesis can be performed. Starting from simple VHDL coding, the book progresses to complicated, real-world designs. Synthesis results and tweaks are also shown to help the reader gain more insight into how experienced design engineers can optimize any synthesized design.
Apart from these key benefits, this book also contains a full chapter dedicated to showing the reader how a full-scale design project of a pipeline microcontroller can be performed: from architecture definition, instruction set definition, micro-architectural implementation, VHDL coding, and testbench coding, to synthesis optimization.
In the second portion of the book, synthesis is explained in detail with examples showing the reader how to use Synopsysr commands to optimize synthesized designs. This portion of the book also shows the reader many different architectural implementations that can be used to obtain the most efficient design that accomplishes both high-speed performance and minimal area utilization.
Many figures are provided throughout this book, including waveforms from simulation results of testbenches. Detailed explanations are provided for these waveforms, easing the learning curve for the reader to understand how VHDL code functions.
This is a highly practical book for students, engineers, and anyone wishing to learn how to write synthesizable VHDL code and synthesis using Synopsysr.

About the Author
Weng Fook Lee is a distinguished principal design engineer at Advanced Micro Devices, Inc. (AMD) and has earned the reputation as a respected synthesis expert. He has vast experience designing ASIC with VHDL. He is an expert at synthesizing circuits tweaked for maximum performance and minimal area utilization, and at developing and implementing new synthesis, verification, and auto place and route design methodology. WF Lee is deeply involved in the design and synthesis of PCI, ISA, and LPC bridges, chipsets, microcontrollers, RISC microprocessors, and state-of-the-art, high-speed, low-power flash memory.

Excerpt. � Reprinted by permission. All rights reserved.
Preface:

In today's world, faster and less costly ASIC chips are being designed at a much quicker rate than before. This requires that ASIC designers be able to design much more efficiently than before. Designers are constantly under pressure to come up with faster performing designs, but with fewer resources.

This has led to the development of many EDA tools that help designers to complete a design in a much shorter time frame. These EDA tools are based on the concept of designing ASIC components utilizing Hardware Description Language (HDL).

Today, a designer does not need to spend much time manually drawing the circuitry involved in a design but instead can write synthesizable HDL code. A common form of HDL code used in the ASIC industry for synthesis is Very High-Speed Integrated Circuit Hardware Description Language (VHDL) and Verilog. This book discusses only VHDL.

Synthesizable VHDL can be used as a form of input in synthesis tools such as Synopsys's Design Compiler. The synthesis tool can synthesize the logic circuit of the design with the functionality described by the VHDL code. This new methodology of design is a great asset to designers, as it increases both productivity and efficiency.

This book is divided into two parts. The first deals mainly with VHDL coding. Chapters 1-6 are included in the first part. In these chapters, the reader will see how simple and complex designs can be coded into synthesizable VHDL. Testbenches and timing diagrams are included to allow the reader to better understand the examples. The contents of this first part of the book will expose the reader to many examples of synthesizable code writing. In these examples, explanations and guidelines are included to give the reader an idea regarding the starting point required to write synthesizable VHDL code.

The examples in Chapter 3 are based on synthesizable code for simple and basic logic components that we see on a daily basis. Chapter 3 also discusses certain styling issues that are important for a designer to remember. Issues such as unwanted latch inference will be discussed in this chapter.

Chapter 4 discusses the usage of signal and variable in VHDL synthesis. Examples are included to bring the reader through the many stages involved in learning when to use signal and when to use variable.

Chapter 5 shows more examples of synthesizable VHDL code for complex logic components (shifter, counter, and memory module). Testbenches to exercise the examples are also included. Timing waveforms based on simulation results are drawn and discussed to enable the reader to obtain a better understanding of how each piece of synthesizable VHDL code translates into logic hardware.

Chapter 6 consists of a full-scale design project of a 3-stage pipeline microcontroller. This chapter begins with the definition of an instruction set for the microcontroller. This is followed by an architectural and microarchitectural definition of the microcontroller design.

Chapter 6 also shows the reader how the microcontroller is partitioned into functional blocks. The way these blocks can interface with each other to perform the instruction set execution is also discussed.

Synthesizable VHDL code for each functional block is then written and explained using simulation testbenches. Timing diagrams of simulation results are included to explain each functional block.

The second part of the book, which comprises Chapters 7-14, deals with logic synthesis using Synopsys's Design Compiler. Timing violations, microarchitectural tweaks, and synthesis options are all discussed to show the reader how a design that does not meet specification can be tweaked to obtain optimal results.

Chapter 7 discusses basic timing issues of which a designer should be aware prior to synthesizing a design. This chapter includes the topics of setup timing, hold timing, delay calculations, false paths, and multicycle paths. This chapter also discusses the general microarchitecural tweaks that can be done to obtain better timing performance.

Chapter 8 shows the reader the many different ways to optimize a design with different synthesis options using Synopsys's Design Compiler. Chapter 8 has many examples that shows the reader the different approaches to tweaking a design that does not meet timing requirements. Examples of designs that have timing violations (such as hold and setup violations) are fixed using the Design Compiler.

Chapter 9 discusses usage of GTECH components and how they can be used in VHDL code.

Chapter 10 discusses DesignWare components and how they can be inferred/ instantiated into VHDL code. This chapter also shows the reader how to create DesignWare components.

Chapter 11 discusses testability issues in synthesis and Chapter 12 gives an example of synthesizing for field programmable gate array (FPGA). Chapter 13 is a brief discussion of links from synthesis to layout while Chapter 14 provides several guidelines for a designer to follow when writing synthesizable code.

The many examples in this book, ranging from a simple description of basic logic components to a complex description of functional blocks within a pipeline microcontroller, show readers how each design can be transformed into synthesizable VHDL code. Each complex design is then synthesized and tweaked to obtain optimal synthesis results.

Upon completing this book, the reader will have a good understanding as to how designs can be coded into synthesizable VHDL, synthesized using Synopsys's Design Compiler, and tweaked to meet required specifications.

This book is targeted for engineers and students who want to learn how to write and synthesize VHDL code.

Most helpful customer reviews

4 of 4 people found the following review helpful.
Very good book, save your time too
By Paclinx
I bought this book together with the "Designer's Guide to VHDL", And I decided to read the later first. One week ago, I found out I was making a big mistake.
This book is wonderful, The author put in clear and necessary information and his experience to make the book thick, rather than putting in verbose explanations. When you read this book, you save your time and get better understand of the language, and you can start writing your own code very soon.
I love this book, and it doesn't make me sleepy like the "designer's guide to vhdl" did.

0 of 4 people found the following review helpful.
Not the best vhdl synthesis book
By A Customer
I found this book to be written in a confusing manner, and full of mistakes. For example, on page 51, the author says that hexadecimal E equals decimal 15. Apparently this is not a typo, because it is repeated on page 52, along with the statement that hexadecimal F equals decimal 16. For the beginner, I recommend Bhasker's vhdl primers. Ashenden's Designer's Guide to VHDL is the gold standard for a comprehensive text on the language itself, although it is skimpy on synthesis.

7 of 7 people found the following review helpful.
A must have for any logic synthesis designer
By Vincent Ma
I agree with previous author. This book won't let you sleep like the "designer's guide to VHDL" will. I strongly recommend reading this book and then read another excellent book ""Digital Systems Design with VHDL and Synthesis" by "K.C. Chang".
However, this book still has weakness, it lacks some detailed info about the sysnthesis tool, such like what is wireload model. Knowing those in a little more detail should help the design in getting better result. Also I am not sure what is the point spending more than 100 pages with all the Appendix such like a list of the std_logic_1164 library and the EDIF files. I would rather having more detail info about the synthesis theory than those listing or take out the listings and cut the price down... .

See all 9 customer reviews...

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