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Author: Hugues Langlois
Publisher: Columbia University Press
ISBN: 0231543786
Category : Business & Economics
Languages : en
Pages : 241
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Book Description
Many investors believe that success in investing is either luck or clairvoyance. In Rational Investing, finance professor Hugues Langlois and asset manager Jacques Lussier present the current state of asset management and clarify the conundrum of luck versus skill. The core of Rational Investing is a framework for smart investing built around three performance drivers: balancing exposure to risk factors, efficiently diversifying bad luck, and taking advantage of relative mispricings in financial markets. With clear examples from model multi-asset-class portfolios, Langlois and Lussier show how to implement performance drivers like institutional investors with access to extensive resources, as well as nonprofessional investors who are constrained to small-scale transactions. There are few investment products, whether traditional or alternative, discretionary or systematic, fundamental or quantitative, whose performance cannot be analyzed through this framework. Langlois and Lussier illuminate the structure of financial markets and the mechanics of sustainable investing so any investor can become a rational player, from the nonprofessional investor with a basic knowledge of statistics all the way to seasoned investment professionals wishing to challenge their understanding of the asset management industry.
Author: Hugues Langlois
Publisher: Columbia University Press
ISBN: 0231543786
Category : Business & Economics
Languages : en
Pages : 241
Get Book Here
Book Description
Many investors believe that success in investing is either luck or clairvoyance. In Rational Investing, finance professor Hugues Langlois and asset manager Jacques Lussier present the current state of asset management and clarify the conundrum of luck versus skill. The core of Rational Investing is a framework for smart investing built around three performance drivers: balancing exposure to risk factors, efficiently diversifying bad luck, and taking advantage of relative mispricings in financial markets. With clear examples from model multi-asset-class portfolios, Langlois and Lussier show how to implement performance drivers like institutional investors with access to extensive resources, as well as nonprofessional investors who are constrained to small-scale transactions. There are few investment products, whether traditional or alternative, discretionary or systematic, fundamental or quantitative, whose performance cannot be analyzed through this framework. Langlois and Lussier illuminate the structure of financial markets and the mechanics of sustainable investing so any investor can become a rational player, from the nonprofessional investor with a basic knowledge of statistics all the way to seasoned investment professionals wishing to challenge their understanding of the asset management industry.
Author: Yannick Coulon
Publisher: Springer Nature
ISBN: 3030342654
Category : Business & Economics
Languages : en
Pages : 178
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Book Description
Explaining the underlying logic behind financial ratios, this book adds to the discussion on the importance and implementation of ratios and illustrates the essential role that they play in company evaluations and investment screening. The author explores how ratios establish a proportional relationship between accounting and market data, and when well-integrated into a global company vision, can become powerful indicators capable of outlining relevant information and identifying warning signs. Going beyond merely listing possible ratios and looking further into their implementation, each ratio family is demonstrated with numerous graphs and practical case studies involving companies such as Amazon, Walmart and Alibaba. With a focus on behavioral finance and enterprise value, this innovative Palgrave Pivot will be of interest to investors, bankers and entrepreneurs, as well as finance scholars and students.
Author: Harry M. Markowitz
Publisher: McGraw Hill Professional
ISBN: 0071817948
Category : Business & Economics
Languages : en
Pages : 270
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Book Description
The Nobel Prize-winning Father of Modern Portfolio Theory re-introduces his theories for the current world of investing Legendary economist Harry M. Markowitz provides the insight and methods you need to build a portfolio that generates strong returns for the long run In Risk-Return Analysis, Markowitz corrects common misunderstandings about Modern Portfolio Theory (MPT) to help advanced financial practitioners dramatically improve their decision making. In this first volume of a groundbreaking four-part series sure to draw the attention of anyone interested in MPT, Markowitz provides the criteria necessary for judging among risk-measures; surveys a half-century of literature (nearly all of which has been ignored by textbooks) on the applicability of MPT; and presents an empirical study of which functions of mean and some risk-measure is best for those who seek to maximize return in the long run. Harry M. Markowitz is a Nobel Laureate and the father of Modern Portfolio Theory.
Author: Ben Le Fort
Publisher: Making of a Millionaire Inc.
ISBN: 1777963567
Category : Business & Economics
Languages : en
Pages : 192
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Book Description
You’ve been lied to about investing. They told you investing requires secret knowledge. But here’s the truth… Financial services companies want you to feel overwhelmed by investing, so you hire them to handle it for you. Then they turn around and sell you expensive, complicated investments you don’t need. Here’s a more comforting truth: You don’t need to pay an expert to pick stocks for you. You don’t even need to be an expert yourself. All you need to outperform most high-powered investment managers is a baseline level of knowledge and enough humility to step aside and let compound interest work its magic. Pick up your copy of The Rational Investor to learn: Why index funds are the investment of choice to build passive wealth (page 23) The two critical steps to properly diversify an investment portfolio (page 33) Which expensive and complex “alternative” investments that the financial services industry will try and sell you, and why you don’t need them (page 61) How to do the most difficult thing as an investor; sit still and do nothing when everyone else is panicking (page 164) You’ll love this book because it will make investing simple, inexpensive, and profitable. Get it now.
Author: Bob Clyatt
Publisher: NOLO
ISBN: 1413302009
Category : Business & Economics
Languages : en
Pages : 321
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Book Description
Clyatt backs up his advice on investing and spending during retirement with solid academic research. - San Diego Union-Tribune - "Terrific advice on how to safely reach semi-retirement while still in the prime of life." - Mark Goines, - early semi-retiree & Intuit veteran - "Sections on developing a retirement portfolio and a withdrawal strategy are certainly valuable for those who have already retired." - Lynn O'Shaughnessy,- author of The Retirement Bible and The Investment Bible
Author: William J. Bernstein
Publisher:
ISBN: 9780988780323
Category : Asset allocation
Languages : en
Pages : 214
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Book Description
Rational Expectations is a clean sheet of paper in the wonky world of quantitatively based asset allocation aimed at small investors. Continuing the theme of the Investing for Adults series, this full-length finance title is not for beginners, but rather assumes a fair degree of quantitative ability and finance knowledge. If you think you can time the market or pick stocks and mutual fund managers, or even if you think that you can formulate an optimally efficient mean-variance asset allocation with a black box, then learn some basic finance and come back in a few years. On the other hand, if you know your way around risk premiums and standard deviations and know who Irving Fisher and Benjamin Graham were, and if you want to sharpen your asset class skills, you've come to the right place.
Author: Larry E. Swedroe
Publisher: Macmillan
ISBN: 9780312291303
Category : Business & Economics
Languages : en
Pages : 360
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Book Description
Offers particular coverage of working in a cautious climate, highlighting three dozen costly mistakes while outlining the steps for building a globally diversified portfolio.
Author: Tim Price
Publisher: Harriman House Limited
ISBN: 0857195379
Category : Business & Economics
Languages : en
Pages : 238
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Book Description
The investment markets have never been more dangerous. Interest rates are at all-time lows; the sanctity of cash deposits is under threat; government bonds are expensive and offer ultra-low or negative yields; equity markets are largely detached from reality after years of loose monetary policy. Investors need to calibrate themselves to the realities of this extraordinary new environment so that they can protect their wealth and, ideally, prosper. In Investing Through the Looking Glass, longstanding portfolio manager and investment columnist Tim Price identifies and shatters a number of investment myths and misconceptions. He questions whether stock markets inevitably rise over the longer term, whether bonds continue to be relevant as a failsafe low-risk asset, whether professional fund managers represent "smart money", and much more besides. But this is not just a counsel of despair. Having identified the problems besetting today's investor, the focus then moves on to practical guidance to help investors preserve and grow their capital in this age of inflationary and deflationary uncertainty. Tim Price provides ideas on how to find attractive investments in distorted equity markets, on what might be the best-kept secret in finance, and how best to insure portfolios in an environment of heightened systemic risk. Investing Through the Looking Glass presents a route map for navigating one of the most challenging financial environments that anyone has ever seen. For the sake of your wealth, can you afford not to read it?
Author: Lars Kroijer
Publisher: Pearson UK
ISBN: 0273781529
Category : Business & Economics
Languages : en
Pages : 230
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Book Description
Don’t spend your time worrying whether you can beat the markets: you don’t need to beat them to be a successful investor. By showing you how to build a simple and rational portfolio and tailor it to your specific needs, Investing Demystified will help you generate superior returns. With his straightforward and jargon-free advice, Lars Kroijer simplies the often complex world of finance and tells you everything you need to know – and everything that you don’t need to worry about – in order to make the most from your investments. In Investing Demystified you will: • Discover the mix of stocks, bonds and cash needed for a top performing portfolio • Learn why the most broadly diversi_ ed and simplest portfolio makes the most sense • Understand the right level of risk for you and how this affects your investments • Find out why a low cost approach will yield bene_ ts whilst leaving you with a higher quality portfolio • Understand the implications of tax and liquidity
Author: Robert Koppel
Publisher: McGraw Hill Professional
ISBN: 0071753435
Category : Business & Economics
Languages : en
Pages : 320
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Book Description
Behavioral finance expert and bestselling author Robert Koppel shows traders and investors how to invest your money rationally, even in an irrational world "Investing," according to Robert Koppel, "Involves far more than specific analytical and strategic skills. It requires the development of habits, thought patterns and creative attitudes that influence the way to think and act in the market." In Investing and the Irrational Mind, Koppel, author of the classic bestseller,The Inner Game of Trading, uses the latest advancements in behavioral finance and neuroeconomics to help you gain these habits, as well as the deep understanding of market risk factors necessary to successful portfolio building. Armed with 30 years' experience as an analyst, and fund manager, and interviews with top traders, behavioral economists, risk managers and neuroscientists, Koppel lets you build a personal arsenal of risk management skills ("quantitative architecture") necessary for investors at any level to develop a focused, disciplined, confident, and profitable approach to investing. Filled with surprising insights into human behavior, and rock-solid financial advice, this is the guide you need to invest in today's markets.
