The Portfolio Bubble
DOWNLOAD
Download The Portfolio Bubble PDF/ePub or read online books in Mobi eBooks. Click Download or Read Online button to get The Portfolio Bubble book now. This website allows unlimited access to, at the time of writing, more than 1.5 million titles, including hundreds of thousands of titles in various foreign languages. If the content not found or just blank you must refresh this page
The Portfolio Bubble
DOWNLOAD
Author : J. Michael Willard
language : en
Publisher: The Willard Group
Release Date : 2005-02
The Portfolio Bubble written by J. Michael Willard and has been published by The Willard Group this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005-02 with Age and employment categories.
The first wave of baby boomers is reaching retirement age. Some are professionals who don't aspire to retire. For some, retiring and spending time on the golf course or with grandkids is the ultimate reward after a life of work. For others, work is the reward, and it is for those people, professionals who plan to continue working at age 60 and beyond, that Mike Willard has written The Portfolio Bubble: Surviving Professionally at 60. In The Portfolio Bubble, Willard offers practical advice for professionals who find themselves planning for the next phase of their working life. He shows how to add life experiences and professional abilities to a work portfolio that can be used to launch a new career - or to reinvigorate an existing one. The Portfolio Bubble is written for an affluent, motivated audience. It stands alone in addressing the interests of the older executive who wants to prolong his work-life and is looking for answers.
Do Bubbles Have A Birthdate The Role Of College Interaction In Portfolio Choice
DOWNLOAD
Author : Massimo Massa
language : en
Publisher:
Release Date : 2005
Do Bubbles Have A Birthdate The Role Of College Interaction In Portfolio Choice written by Massimo Massa and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005 with categories.
We study the link between social interaction and stock market bubbles. We argue that an increase in social interaction may facilitate the birth of a cascade-type pattern and indirectly of a bubble. We concentrate on a form of interaction that is rooted back in the past: college-based interaction - defined as the one that relates the portfolio choice of an investor to that of the other investors who went to the same college. We explain it in terms of a common cultural imprinting and the development of long-term friendship and alumni networks and we directly quantify this bonding effect. We study how it affects bubble-related portfolio decisions: the choice to focus in growth stocks, the decision to invest in a particular stock, the choice to herd and the decision to concentrate the portfolio in few stocks.We use a new dataset with information on portfolio choice - broken down at the stock level - wealth, income and demographic characteristics of a big panel of investors as well as information on the college they attended and their family situation at the time. We show that the impact of college-based interaction is statistically and economically significant. Investors invest in the same stocks in which their former classmates do and skew their portfolios towards growth stocks if their former classmates do the same. Moreover, investors are more likely to herd with the other investors who went to the same college than with the rest of the population. College-based interaction also affects investors' decision to concentrate their portfolios in few stocks.College-based interaction is stronger than the other sources of interaction (professional and geographical) and ranks third as the single most important factor affecting portfolio choice, with an explanatory power higher than that of all standard determinants of portfolio choice, such as hedging non-financial income risk, information and familiarity and so on. This holds even after controlling for all the standard motivations brought forward in portfolio theory, such as hedging of non-financial income risk, familiarity and information effects, wealth and income effect, a host of demographic, geographic and professional dummies, trend-chasing and momentum behavior.
Bubble Thy Neighbor
DOWNLOAD
Author :
language : en
Publisher:
Release Date : 2012
Bubble Thy Neighbor written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012 with categories.
New Perspectives On Asset Price Bubbles
DOWNLOAD
Author : Douglas D. Evanoff
language : en
Publisher: Oxford University Press
Release Date : 2012-03
New Perspectives On Asset Price Bubbles written by Douglas D. Evanoff and has been published by Oxford University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-03 with Business & Economics categories.
The realities of the recent financial crisis have intensified theoretical modeling, empirical methodologies, and debate on policy issues surrounding asset price bubbles. Choosing to take a novel approach, the editors of this book have selected five classic papers that represent accepted thinking about asset bubbles prior to the financial crisis. They also include original papers challenging orthodox thinking and presenting new insights. A summary essay by the editors highlights the lessons learned and experiences gained since the crisis.
Bursting The Bubble Rationality In A Seemingly Irrational Market
DOWNLOAD
Author : David F. DeRosa
language : en
Publisher: CFA Institute Research Foundation
Release Date : 2021-04-02
Bursting The Bubble Rationality In A Seemingly Irrational Market written by David F. DeRosa and has been published by CFA Institute Research Foundation this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-04-02 with Business & Economics categories.
The presence of speculative bubbles in capital markets (an important area of interest in financial history) is widely accepted across many circles. Talk of them is pervasive in the media and especially in the popular financial press. Bubbles are thought to be found primarily in the stock market, which is our main interest, although bubbles are said to occur in other markets. Bubbles go hand in hand with the notion that markets can be irrational. The academic community has a great interest in bubbles, and it has produced scholarly literature that is voluminous. For some economists, doing bubble research is like joining the vanguard of a Kuhnian paradigm shift in economic thinking. Not so fast. If bubbles did exist, they would pose a serious challenge to neoclassical finance. Bubbles would contradict the ideas that markets are rational or work in an informationally efficient manner. That’s what makes the topic of bubbles interesting. This book reviews and evaluates the academic literature as well as some popular investment books on the possible existence of speculative bubbles in the stock market. The main question is whether there is convincing empirical evidence that bubbles exist. A second question is whether the theoretical concepts that have been advanced for bubbles make them plausible. The reader will discover that I am skeptical that bubbles actually exist. But I do not think I or anyone else will ever be able to conclusively prove that there has never been a bubble. From studying the literature and from reading history, I find that many famous purported bubbles reflect inaccurate history or mistakes in analysis or simply cannot be shown to have existed. In other instances, bubbles might have existed. But in each of those cases, there are credible rational explanations. And good evidence exists for the idea that even if bubbles do exist, they are not of great importance to understanding the stock market.
Product Development And Management Body Of Knowledge
DOWNLOAD
Author : Allan Anderson
language : en
Publisher: John Wiley & Sons
Release Date : 2024-04-23
Product Development And Management Body Of Knowledge written by Allan Anderson and has been published by John Wiley & Sons this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-04-23 with Technology & Engineering categories.
Fully-updated Third Edition of the leading study resource for PDMA's New Product Development Professional certification exam The newly revised and updated Third Edition of PDMA Body of Knowledge (BoK) provides a singular reference for anyone currently involved in, or planning a career in product management and product innovation. It describes a proven framework for product innovation which is applicable to a wide cross-section of product and service industries at various levels of an organization. It is also the basis for candidates studying for PDMA's New Product Development Professional (NPDP) certification examination. The guide is divided into seven chapters, consistent with the seven product innovation topics used as a basis for the NPDP examination: management, strategy, portfolio, process, design and development, market research, and culture & teams. PDMA Body of Knowledge includes detailed coverage of topics including: The key factors that lead to successful product innovation management. The importance of strategy to product innovation success, hierarchy of strategies, and establishing the organization's direction via vision, mission, values, and more. The role of portfolio management in selection of the right product innovation projects for an organization. Description of various product innovation processes and the pros and cons of each. The application of tools and techniques at various stages of the design and development process. The application of market research throughout product innovation. The importance of the right culture and team development. The material provided can be applied to the full range of product development projects included in most company portfolios, such as new products or services, line extensions, cost reductions, and product or service improvements. This newly revised and updated Third Edition includes new case studies, examples, and chapter exercises, along with sample NPDP examination questions. PDMA Body of Knowledge is an essential study resource for those studying for PDMA's NPDP exam. The text is also highly valuable to product management professionals, consultants, instructors, and students seeking to increase their knowledge base
Financial Market Bubbles And Crashes
DOWNLOAD
Author : Harold L. Vogel
language : en
Publisher: Springer Nature
Release Date : 2021-12-17
Financial Market Bubbles And Crashes written by Harold L. Vogel and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-12-17 with Business & Economics categories.
Economists broadly define financial asset price bubbles as episodes in which prices rise with notable rapidity and depart from historically established asset valuation multiples and relationships. Financial economists have for decades attempted to study and interpret bubbles through the prisms of rational expectations, efficient markets, equilibrium, arbitrage, and capital asset pricing models, but they have not made much if any progress toward a consistent and reliable theory that explains how and why bubbles (and crashes) evolve and are defined, measured, and compared. This book develops a new and different approach that is based on the central notion that bubbles and crashes reflect urgent short-side rationing, which means that, as such extreme conditions unfold, considerations of quantities owned or not owned begin to displace considerations of price.
Worst Case Portfolio Optimization In A Market With Bubbles
DOWNLOAD
Author : Christoph Belak
language : en
Publisher:
Release Date : 2016
Worst Case Portfolio Optimization In A Market With Bubbles written by Christoph Belak and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016 with categories.
We study a portfolio optimization problem in a financial market which is under the threat of crashes. At random times, the investor receives warnings that a bubble has formed in the market which may lead to a crash in the risky asset. We propose a regime switching model for the warnings and we make no assumptions about the distribution of the timing and the size of the crashes. Instead, we assume that the investor takes a worst-case perspective towards their impacts. That is, for each admissible trading strategy, we determine the crash scenario (including the no-crash scenario) which minimizes the investor's expected utility from terminal wealth and then find the trading strategy which maximizes her utility in the worst-case scenario. We characterize the optimal value functions by a system of HJB equations and derive a coupled system of ordinary differential equations for the optimal strategies. We conclude with numerical examples.
Behavioral Portfolio Management
DOWNLOAD
Author : C. Thomas Howard
language : en
Publisher: Harriman House Limited
Release Date : 2014-03-17
Behavioral Portfolio Management written by C. Thomas Howard 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 2014-03-17 with Business & Economics categories.
The investment industry is on the cusp of a major shift, from Modern Portfolio Theory (MPT) to Behavioral Finance, with Behavioral Portfolio Management (BMP) the next step in this transition. BPM focuses on how to harness the price distortions that are driven by emotional crowds and use this to create superior portfolios. Once markets and investing are viewed through the lens of behavior, and portfolios are constructed on this basis, investable opportunities become readily apparent. Mastering your emotions is critical to the process and the insights provided by Tom Howard put investors on the path to achieving this. Forty years of Behavioral Science research presents a clear picture of how individuals make decisions; there are few signs of rationality. Indeed, emotional investors sabotage their own efforts in building long-horizon wealth. When this is combined with the misconception that active management is unable to generate superior returns, the typical emotional investor leaves hundreds of thousands, if not millions, of dollars on the table during their investment lifetimes. Howard moves on to show how industry practice, with its use of the style grid, standard deviation, correlation, maximum drawdown and the Sharpe ratio, has entrenched emotion within investing. The result is that investors construct underperforming, bubble-wrapped portfolios. So if an investor masters their own emotions, they still must challenge the emotionally-based conventional wisdom pervasive throughout the industry. Tom Howard explains how to do this. Attention is then given to measureable and persistent behavioral factors. These provide investors with a new source of information that has the potential to transform how they think about portfolio management and dramatically improve performance. Behavioral factors can be used to select the best stocks, the best active managers, and the best markets in which to invest. Once the transition to behavioral finance is made, the emotional measures of MPT will quickly be forgotten and replaced with rational concepts that allow investors to successfully build long-horizon wealth. If you take portfolio construction seriously, it is essential that you make the next step forward towards Behavioral Portfolio Management.
Innovation And Ontologies
DOWNLOAD
Author : Angelika Bullinger
language : en
Publisher: Springer Science & Business Media
Release Date : 2008-12-11
Innovation And Ontologies written by Angelika Bullinger and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008-12-11 with Business & Economics categories.
Angelika C. Bullinger elaborates, applies and tests a methodology for ontology development for use in business management. She models ontologically the moment of idea assessment and selection on a company-specific, industry-typical and generic level and presents action-oriented implications for implementation of the methodology in business reality.