Rational Investing
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Rational Investing
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Author : Hugues Langlois
language : en
Publisher: Columbia University Press
Release Date : 2017-03-07
Rational Investing written by Hugues Langlois and has been published by Columbia University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-03-07 with Business & Economics categories.
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.
Rational Investing With Ratios
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Author : Yannick Coulon
language : en
Publisher: Springer Nature
Release Date : 2019-12-31
Rational Investing With Ratios written by Yannick Coulon and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-12-31 with Business & Economics categories.
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.
Rational Investing In Irrational Times
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Author : Larry E. Swedroe
language : en
Publisher: Macmillan
Release Date : 2002-06-17
Rational Investing In Irrational Times written by Larry E. Swedroe and has been published by Macmillan this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002-06-17 with Business & Economics categories.
Offers particular coverage of working in a cautious climate, highlighting three dozen costly mistakes while outlining the steps for building a globally diversified portfolio.
Risk Return Analysis The Theory And Practice Of Rational Investing Volume One
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Author : Harry M. Markowitz
language : en
Publisher: McGraw Hill Professional
Release Date : 2013-09-06
Risk Return Analysis The Theory And Practice Of Rational Investing Volume One written by Harry M. Markowitz and has been published by McGraw Hill Professional this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-09-06 with Business & Economics categories.
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.
Rational Investment
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Author : Mark Lee
language : en
Publisher:
Release Date : 2012-06-01
Rational Investment written by Mark Lee and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-06-01 with categories.
The motivation for this book is the hope of laying the foundations of a more rational, scientific approach to investing. We as investors are subject to significant obstacles, many of which come from within. Far from the rational agent model of traditional economics, we tend to be quite irrational in our investment decisions. Further, the market itself is not as clear cut and simple as many would have us believe; it has a life of its own, one that is complex and dynamic. Without a proper understanding of the underlying, any derivative strategies are doomed to failure. Profitable investing, then, involves strategies built on the assumptions of the market as it really is, not the one presented in economic textbooks.
Risk Return Analysis Volume 2 The Theory And Practice Of Rational Investing
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Author : Harry M. Markowitz
language : en
Publisher: McGraw Hill Professional
Release Date : 2016-05-27
Risk Return Analysis Volume 2 The Theory And Practice Of Rational Investing written by Harry M. Markowitz and has been published by McGraw Hill Professional this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-05-27 with Business & Economics categories.
The Nobel Prize-winning Father of Modern Portfolio Theory returns with new insights on his classic work to help you build a lasting portfolio today Contemporary investing as we know it would not exist without these two words: “Portfolio selection.” Though it may not seem revolutionary today, the concept of examining and purchasing many diverse stocks—creating a portfolio—changed the face of finance when Harry M. Markowitz devised the idea in 1952. In the past six decades, Markowitz has risen to international acclaim as the father of Modern Portfolio Theory (MPT), with his evaluation of the impact of asset risk, diversification, and correlation in the risk-return tradeoff. In defending the idea that portfolio risk was essential to strategic asset growth, he showed the world how to invest for the long-run in the face of any economy. In Risk Return Analysis, this groundbreaking four-book series, the legendary economist and Nobel Laureate returns to revisit his masterpiece theory, discuss its developments, and prove its vitality in the ever-changing global economy. Volume 2 picks up where the first volume left off, with Markowitz’s personal reflections and current strategies. In this volume, Markowitz focuses on the relationship between single-period choices—now—and longer run goals. He discusses dynamic systems and models, the asset allocation “glide-path,” inter-generational investment needs, and financial decision support systems. Written with both the academic and the practitioner in mind, this richly illustrated volume provides investors, economists, and financial advisors with a refined look at MPT, highlighting the rational decision-making and probability beliefs that are essential to creating and maintaining a successful portfolio today.
Risk Return Analysis
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Author : Harry Markowitz
language : en
Publisher:
Release Date : 2014
Risk Return Analysis written by Harry Markowitz and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014 with Investment analysis categories.
Rational Investing How To Reduce The Negative Influences From Emotions And Personal Biases On Investment Decisions
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Author : Sonja Brauner
language : en
Publisher: GRIN Verlag
Release Date : 2020-10-06
Rational Investing How To Reduce The Negative Influences From Emotions And Personal Biases On Investment Decisions written by Sonja Brauner and has been published by GRIN Verlag this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-10-06 with Business & Economics categories.
Essay from the year 2017 in the subject Business economics - Business Management, Corporate Governance, , language: English, abstract: This essay elaborates on some basic principles and investment strategies that have been proposed to reduce the effects of emotions and biases, and foster rational decision-making. In the first part of this paper, I will summarize some of Weber’s findings on how humans are influenced by emotions and biases when interpreting information and making decisions. The second part will focus on how (i) reducing trading to a minimum, (ii) diversification and (iii) aiming for the market return can help to control personal biases in investing. Investing money provides great opportunities, but also bears great risks. The market is unforeseeable no matter how much experience you have or how many books you read. Consequently, there is not the one right thing to do in order to be successful. However, there are some guidelines that can reduce your personal risk, help to control personal biases and make our decisions more rational.
Risk Return Analysis Volume 2 The Theory And Practice Of Rational Investing
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Author : Harry M. Markowitz
language : en
Publisher: McGraw-Hill Education
Release Date : 2016-05-23
Risk Return Analysis Volume 2 The Theory And Practice Of Rational Investing written by Harry M. Markowitz and has been published by McGraw-Hill Education this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-05-23 with Business & Economics categories.
The Nobel Prize-winning Father of Modern Portfolio Theory returns with new insights on his classic work to help you build a lasting portfolio today Contemporary investing as we know it would not exist without these two words: “Portfolio selection.” Though it may not seem revolutionary today, the concept of examining and purchasing many diverse stocks—creating a portfolio—changed the face of finance when Harry M. Markowitz devised the idea in 1952. In the past six decades, Markowitz has risen to international acclaim as the father of Modern Portfolio Theory (MPT), with his evaluation of the impact of asset risk, diversification, and correlation in the risk-return tradeoff. In defending the idea that portfolio risk was essential to strategic asset growth, he showed the world how to invest for the long-run in the face of any economy. In Risk Return Analysis, this groundbreaking four-book series, the legendary economist and Nobel Laureate returns to revisit his masterpiece theory, discuss its developments, and prove its vitality in the ever-changing global economy. Volume 2 picks up where the first volume left off, with Markowitz’s personal reflections and current strategies. In this volume, Markowitz focuses on the relationship between single-period choices—now—and longer run goals. He discusses dynamic systems and models, the asset allocation “glide-path,” inter-generational investment needs, and financial decision support systems. Written with both the academic and the practitioner in mind, this richly illustrated volume provides investors, economists, and financial advisors with a refined look at MPT, highlighting the rational decision-making and probability beliefs that are essential to creating and maintaining a successful portfolio today.
Investing Through The Looking Glass
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Author : Tim Price
language : en
Publisher: Harriman House Limited
Release Date : 2016-11-07
Investing Through The Looking Glass written by Tim Price and has been published by Harriman House Limited this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-11-07 with Business & Economics categories.
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?