In Pursuit of the Perfect Portfolio

In Pursuit of the Perfect Portfolio PDF Author: Andrew W. Lo
Publisher: Princeton University Press
ISBN: 0691229880
Category : Business & Economics
Languages : en
Pages : 416

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Book Description
How the greatest thinkers in finance changed the field and how their wisdom can help investors today Is there an ideal portfolio of investment assets, one that perfectly balances risk and reward? In Pursuit of the Perfect Portfolio examines this question by profiling and interviewing ten of the most prominent figures in the finance world—Jack Bogle, Charley Ellis, Gene Fama, Marty Leibowitz, Harry Markowitz, Bob Merton, Myron Scholes, Bill Sharpe, Bob Shiller, and Jeremy Siegel. We learn about the personal and intellectual journeys of these luminaries—which include six Nobel Laureates and a trailblazer in mutual funds—and their most innovative contributions. In the process, we come to understand how the science of modern investing came to be. Each of these finance greats discusses their idea of a perfect portfolio, offering invaluable insights to today’s investors. Inspiring such monikers as the Bond Guru, Wall Street’s Wisest Man, and the Wizard of Wharton, these pioneers of investment management provide candid perspectives, both expected and surprising, on a vast array of investment topics—effective diversification, passive versus active investment, security selection and market timing, foreign versus domestic investments, derivative securities, nontraditional assets, irrational investing, and so much more. While the perfect portfolio is ultimately a moving target based on individual age and stage in life, market conditions, and short- and long-term goals, the fundamental principles for success remain constant. Aimed at novice and professional investors alike, In Pursuit of the Perfect Portfolio is a compendium of financial wisdom that no market enthusiast will want to be without.

In Pursuit of the Perfect Portfolio

In Pursuit of the Perfect Portfolio PDF Author: Andrew W. Lo
Publisher: Princeton University Press
ISBN: 0691229880
Category : Business & Economics
Languages : en
Pages : 416

Get Book Here

Book Description
How the greatest thinkers in finance changed the field and how their wisdom can help investors today Is there an ideal portfolio of investment assets, one that perfectly balances risk and reward? In Pursuit of the Perfect Portfolio examines this question by profiling and interviewing ten of the most prominent figures in the finance world—Jack Bogle, Charley Ellis, Gene Fama, Marty Leibowitz, Harry Markowitz, Bob Merton, Myron Scholes, Bill Sharpe, Bob Shiller, and Jeremy Siegel. We learn about the personal and intellectual journeys of these luminaries—which include six Nobel Laureates and a trailblazer in mutual funds—and their most innovative contributions. In the process, we come to understand how the science of modern investing came to be. Each of these finance greats discusses their idea of a perfect portfolio, offering invaluable insights to today’s investors. Inspiring such monikers as the Bond Guru, Wall Street’s Wisest Man, and the Wizard of Wharton, these pioneers of investment management provide candid perspectives, both expected and surprising, on a vast array of investment topics—effective diversification, passive versus active investment, security selection and market timing, foreign versus domestic investments, derivative securities, nontraditional assets, irrational investing, and so much more. While the perfect portfolio is ultimately a moving target based on individual age and stage in life, market conditions, and short- and long-term goals, the fundamental principles for success remain constant. Aimed at novice and professional investors alike, In Pursuit of the Perfect Portfolio is a compendium of financial wisdom that no market enthusiast will want to be without.

The Flaw of Averages

The Flaw of Averages PDF Author: Sam L. Savage
Publisher: John Wiley & Sons
ISBN: 1118373588
Category : Business & Economics
Languages : en
Pages : 423

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Book Description
A must-read for anyone who makes business decisions that have a major financial impact. As the recent collapse on Wall Street shows, we are often ill-equipped to deal with uncertainty and risk. Yet every day we base our personal and business plans on uncertainties, whether they be next month’s sales, next year’s costs, or tomorrow’s stock price. In The Flaw of Averages, Sam Savageknown for his creative exposition of difficult subjects describes common avoidable mistakes in assessing risk in the face of uncertainty. Along the way, he shows why plans based on average assumptions are wrong, on average, in areas as diverse as healthcare, accounting, the War on Terror, and climate change. In his chapter on Sex and the Central Limit Theorem, he bravely grasps the literary third rail of gender differences. Instead of statistical jargon, Savage presents complex concepts in plain English. In addition, a tightly integrated web site contains numerous animations and simulations to further connect the seat of the reader’s intellect to the seat of their pants. The Flaw of Averages typically results when someone plugs a single number into a spreadsheet to represent an uncertain future quantity. Savage finishes the book with a discussion of the emerging field of Probability Management, which cures this problem though a new technology that can pack thousands of numbers into a single spreadsheet cell. Praise for The Flaw of Averages “Statistical uncertainties are pervasive in decisions we make every day in business, government, and our personal lives. Sam Savage’s lively and engaging book gives any interested reader the insight and the tools to deal effectively with those uncertainties. I highly recommend The Flaw of Averages.” —William J. Perry, Former U.S. Secretary of Defense “Enterprise analysis under uncertainty has long been an academic ideal. . . . In this profound and entertaining book, Professor Savage shows how to make all this practical, practicable, and comprehensible.” —Harry Markowitz, Nobel Laureate in Economics

Economics for the Curious

Economics for the Curious PDF Author: R. Solow
Publisher: Springer
ISBN: 1137383593
Category : Business & Economics
Languages : en
Pages : 143

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Book Description
12 Nobel Laureates take readers on a tour of some of the everyday issues that can be explored using basic economic principles. Topics include how economic tools can be used to rebuild nations in the aftermath of a war; financing retirement as longevity increases and what governments should really be doing to boost the economy.

Fischer Black and the Revolutionary Idea of Finance

Fischer Black and the Revolutionary Idea of Finance PDF Author: Perry Mehrling
Publisher: John Wiley & Sons
ISBN: 1118203569
Category : Business & Economics
Languages : en
Pages : 402

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Book Description
praise for FISCHER BLACK AND THE REVOLUTIONARY IDEA OF FINANCE "The story of Fischer Black. . . . is remarkable both because of the creativity of the man and because of the revolution he brought to Wall Street. . . . Mehrling's book is fascinating." —FINANCIAL TIMES "A fascinating history of things we take for granted in our everyday financial lives." —THE NEW YORK TIMES "Mehrling's book is essential reading for anyone interested in the development of modern finance or the life of an idiosyncratic creative genius." —PUBLISHERS WEEKLY "Fischer Black was more than a vital force in the development of finance theory. He was also a character. Perry Mehrling has captured both sides of the picture: the evolution of thinking about the pricing of risk and time, as well as the thinkers, especially this fascinating eccentric, who worked it out." —ROBERT M. SOWLO, Nobel laureate and Institute Professor of Economics, Emeritus, Massachusetts Institute of Technology "Although I worked closely with Fischer for nine years at Goldman Sachs and clearly recognized both his genius and the breadth and originality of his ideas, until I read this book, I had only the vaguest grasp of the source of his inspiration and no understanding at all of the source of his many idiosyncrasies." —BOB LITTERMAN, Partner, Kepos Capital "Perry Mehrling has done a remarkable job of tracing the intellectual and personal development of one of the most original and complex thinkers of our generation. Fischer Black deserved it: a charming and brilliant book about a charming and brilliant man." —ROBERT E. LUCAS JR., Nobel laureate and Professor of Economics, The University of Chicago

Frontiers of Economics

Frontiers of Economics PDF Author: Abu N. Wahid
Publisher: Bloomsbury Publishing USA
ISBN: 0313017042
Category : Business & Economics
Languages : en
Pages : 455

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Book Description
Economics Nobel laureates are the pioneers of the science of economics. They are the most brilliant products of the discipline and have made enormous original contributions to the field of economics, and oftentimes history, political science, business, and other subjects. Their works, struggles, successes and failures are fascinating, and readers are given a glimpse into each laureate's life, where and when they were born and raised, what schools they attended, and who influenced their intellectual development. Most importantly, each laureate's often complex corpus of work is described as succinctly as possible without losing the work's original flavor: what it contributed to the field, and how it was received by peers, and how it affected the world. A list of selected further readings concludes each entry, directing the reader to the primary and secondary works essential to understanding the works of these towering figures. Arranged chronologically by year of award, all 44 entries cogently explain the laureate's life's work in language even non-economists can follow. Economists interested in the intellectual history of their discipline, and professors and students of business will find Wahid's book a very useful resource when seeking out the basic outlines of the thoughts of the scholars who have shaped the fields of economic inquiry, practice, and research. Also, any student in the social sciences thumbing through this book will instantly recognize many currents of thought that have influenced the way scholars in their discipline approach their craft.

A Recent History of Recognized Economic Thought: Contributions of the Nobel Laureates to Economic Science

A Recent History of Recognized Economic Thought: Contributions of the Nobel Laureates to Economic Science PDF Author: Lee H. Dymond
Publisher: Lulu.com
ISBN: 1483430804
Category : Business & Economics
Languages : en
Pages : 654

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Book Description
Since 1969, 75 people have been awarded the Nobel Prize in Economics. Recent Recognized "A History of Economic Thought - Contributions of the Nobel Laureates to Economic Science" describes their major accomplishments in a manner so all readers, regardless of their knowledge of economics, can appreciate the efforts of these scholars and their impact on the development and progress of economic science. Begin with a brief tour of economic thought and the factors that have influenced economic doctrine from the 16th through the 20th century. Then, for each Nobel Laureate, learn about their background and professional affiliations. Complete your understanding of each Laureate's accomplishments with a concise, relatively non-technical summary of their Nobel Prize Lecture.

Essentials of Financial Management

Essentials of Financial Management PDF Author: Jason Laws
Publisher: Oxford University Press
ISBN: 1786942054
Category : Business enterprises
Languages : en
Pages : 186

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Book Description
Essentials of Financial Management is a paperback edition of an Open Access e-textbook suitable for students with limited knowledge of finance and financial markets. It answers the main questions of a corporate entity, such as how businesses finance their activities, how they select projects to invest in, the distribution of net cash flow and, of increasing importance, how businesses manage price risk relating to cost of goods sold or a decline in revenue. In providing invaluable guidance to finance, management and business students, Essentials of Financial Management employs two main philosophies: that finance is a real-life subject and that finance is a numerical subject, which is why this brilliant e-textbook contains real world examples as well as numerous Excel spreadsheet solutions for students to download and use.

A History of the Theory of Investments

A History of the Theory of Investments PDF Author: Mark Rubinstein
Publisher: John Wiley & Sons
ISBN: 1118161092
Category : Business & Economics
Languages : en
Pages : 393

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Book Description
"This exceptional book provides valuable insights into the evolution of financial economics from the perspective of a major player." -- Robert Litzenberger, Hopkinson Professor Emeritus of Investment Banking, Univ. of Pennsylvania; and retired partner, Goldman Sachs A History of the Theory of Investments is about ideas -- where they come from, how they evolve, and why they are instrumental in preparing the future for new ideas. Author Mark Rubinstein writes history by rewriting history. In unearthing long-forgotten books and journals, he corrects past oversights to assign credit where credit is due and assembles a remarkable history that is unquestionable in its accuracy and unprecedented in its power. Exploring key turning points in the development of investment theory, through the critical prism of award-winning investment theory and asset pricing expert Mark Rubinstein, this groundbreaking resource follows the chronological development of investment theory over centuries, exploring the inner workings of great theoretical breakthroughs while pointing out contributions made by often unsung contributors to some of investment's most influential ideas and models.

Nobel Faces

Nobel Faces PDF Author: Peter Badge
Publisher: John Wiley & Sons
ISBN: 9783527406784
Category : Science
Languages : en
Pages : 640

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Book Description
Viereinhalb Jahre lang reiste der Berliner Fotograf Peter Badge um die Welt und traf alle 260 noch lebenden Nobelpreisträger. Das Resultat dieses einmaligen Projekts ist ein beeindruckender Bildband mit schlichten Schwarzweiß-Porträts, ergänzt durch die jeweilige Kurzbiographie.

A Survey of University Business and Economic Research Reports ...

A Survey of University Business and Economic Research Reports ... PDF Author: United States. Small Business Administration
Publisher:
ISBN:
Category :
Languages : en
Pages : 716

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Book Description