Applied Investment Theory

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Applied Investment Theory

Les Coleman
Applied Investment Theory Book PDF

Author : Les Coleman
Publisher : Springer
Page : 246 pages
File Size : 43,7 Mb
Release : 2017-02-14
Category : Business & Economics
ISBN : 9783319439761

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Applied Investment Theory by Les Coleman Pdf

Institutions now dominate trading in equities around the world. Mutual funds are the most prominent, and doubly important as custodians of retirement savings. Despite this, there is no comprehensive description of fund manager behaviour, much less a matching theory. This is troubling because one of the most economically significant puzzles in finance is why experienced, well-resourced fund managers cannot outperform the market. Applied Investment Theory: How Equity Markets Behave, and Why brings together academic research, empirical evidence and real market experience to provide new insights into equity markets and their behaviours. The book draws upon the author’s rich industry experience and academic research, plus over 40 interviews with fund managers on three continents and across different markets. The result is an innovative model that explains the puzzle of poor performance by mutual funds in terms of structural features of markets, the managed investment industry, and the conduct of fund managers. This book provides a fully integrated depiction of what markets and investors do, and why – insights that will resonate with the needs of investors, wealth managers and industry regulators. It is fully documented, but free of jargon and arcane math, and provides a grounded theory that is relevant to anyone who wants to pierce the opacity of mutual fund operations. Applied Investment Theory sets out a new paradigm in investment that is at the forefront of what should be an industrial-scale development of new finance theory following two decades of almost back-to-back financial crises.

A History of the Theory of Investments

Mark Rubinstein
A History of the Theory of Investments Book PDF

Author : Mark Rubinstein
Publisher : John Wiley & Sons
Page : 393 pages
File Size : 41,9 Mb
Release : 2011-09-02
Category : Business & Economics
ISBN : 9781118161098

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A History of the Theory of Investments by Mark Rubinstein Pdf

"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.

The Theory and Practice of Investment Management

Frank J. Fabozzi,Harry M. Markowitz
The Theory and Practice of Investment Management Book PDF

Author : Frank J. Fabozzi,Harry M. Markowitz
Publisher : John Wiley & Sons
Page : 708 pages
File Size : 51,5 Mb
Release : 2011-04-05
Category : Business & Economics
ISBN : 9780470929902

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The Theory and Practice of Investment Management by Frank J. Fabozzi,Harry M. Markowitz Pdf

An updated guide to the theory and practice of investment management Many books focus on the theory of investment management and leave the details of the implementation of the theory up to you. This book illustrates how theory is applied in practice while stressing the importance of the portfolio construction process. The Second Edition of The Theory and Practice of Investment Management is the ultimate guide to understanding the various aspects of investment management and investment vehicles. Tying together theoretical advances in investment management with actual practical applications, this book gives you a unique opportunity to use proven investment management techniques to protect and grow a portfolio under many different circumstances. Contains new material on the latest tools and strategies for both equity and fixed income portfolio management Includes key take-aways as well as study questions at the conclusion of each chapter A timely updated guide to an important topic in today's investment world This comprehensive investment management resource combines real-world financial knowledge with investment management theory to provide you with the practical guidance needed to succeed within the investment management arena.

Handbook Of Applied Investment Research

John B Guerard Jr,William T Ziemba
Handbook Of Applied Investment Research Book PDF

Author : John B Guerard Jr,William T Ziemba
Publisher : World Scientific
Page : 817 pages
File Size : 47,8 Mb
Release : 2020-10-02
Category : Business & Economics
ISBN : 9789811222641

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Handbook Of Applied Investment Research by John B Guerard Jr,William T Ziemba Pdf

This book introduces the readers to the rapidly growing literature and latest results on financial, fundamental and seasonal anomalies, stock selection modeling and portfolio management. Fifty years ago, finance professors taught the Efficient Markets Hypothesis which states that the average investor could not outperform the stock market based on technical, seasonal and fundamental data. Many, if not most faculty and investors, no longer share that opinion. In this book, the authors report original empirical evidence that applied investment research can produce statistically significant stock selection and excess portfolio returns in the US, and larger excess returns in international and emerging markets.

Applied Financial Macroeconomics and Investment Strategy

Robert T. McGee
Applied Financial Macroeconomics and Investment Strategy Book PDF

Author : Robert T. McGee
Publisher : Springer
Page : 251 pages
File Size : 50,5 Mb
Release : 2016-01-12
Category : Business & Economics
ISBN : 9781137401809

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Applied Financial Macroeconomics and Investment Strategy by Robert T. McGee Pdf

The absolute and relative performance of various asset classes is systematically related to macroeconomic trends. In this new book, Robert McGee provides a thorough guide to each stage of the business cycle and analyzes the investment implications using real-world examples linking economic dynamics to investment results.

Investment Theory and Risk Management, + Website

Steven Peterson
Investment Theory and Risk Management Website Book PDF

Author : Steven Peterson
Publisher : John Wiley & Sons
Page : 464 pages
File Size : 44,7 Mb
Release : 2012-05-08
Category : Business & Economics
ISBN : 9781118129593

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Investment Theory and Risk Management, + Website by Steven Peterson Pdf

A unique perspective on applied investment theory and risk management from the Senior Risk Officer of a major pension fund Investment Theory and Risk Management is a practical guide to today's investment environment. The book's sophisticated quantitative methods are examined by an author who uses these methods at the Virginia Retirement System and teaches them at the Virginia Commonwealth University. In addition to showing how investment performance can be evaluated, using Jensen's Alpha, Sharpe's Ratio, and DDM, he delves into four types of optimal portfolios (one that is fully invested, one with targeted returns, another with no short sales, and one with capped investment allocations). In addition, the book provides valuable insights on risk, and topics such as anomalies, factor models, and active portfolio management. Other chapters focus on private equity, structured credit, optimal rebalancing, data problems, and Monte Carlo simulation. Contains investment theory and risk management spreadsheet models based on the author's own real-world experience with stock, bonds, and alternative assets Offers a down-to-earth guide that can be used on a daily basis for making common financial decisions with a new level of quantitative sophistication and rigor Written by the Director of Research and Senior Risk Officer for the Virginia Retirement System and an Associate Professor at Virginia Commonwealth University's School of Business Investment Theory and Risk Management empowers both the technical and non-technical reader with the essential knowledge necessary to understand and manage risks in any corporate or economic environment.

Fractal Market Analysis

Edgar E. Peters
Fractal Market Analysis Book PDF

Author : Edgar E. Peters
Publisher : John Wiley & Sons
Page : 352 pages
File Size : 51,6 Mb
Release : 1994-02-08
Category : Business & Economics
ISBN : 0471585246

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Fractal Market Analysis by Edgar E. Peters Pdf

A leading pioneer in the field offers practical applications of this innovative science. Peters describes complex concepts in an easy-to-follow manner for the non-mathematician. He uses fractals, rescaled range analysis and nonlinear dynamical models to explain behavior and understand price movements. These are specific tools employed by chaos scientists to map and measure physical and now, economic phenomena.

Applied Portfolio Management

Catherine Shenoy,Kent McCarthy
Applied Portfolio Management Book PDF

Author : Catherine Shenoy,Kent McCarthy
Publisher : John Wiley & Sons
Page : 320 pages
File Size : 48,8 Mb
Release : 2008-03-31
Category : Business & Economics
ISBN : 0470280190

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Applied Portfolio Management by Catherine Shenoy,Kent McCarthy Pdf

When investment professional Kent McCarthy returned to teach at his alma mater, the University of Kansas, he planted the seeds for the Applied Portfolio Management (APM) program—a course that allows students to manage a real money portfolio, which has compiled a remarkable record of investment success. Now, with this book, you’ll discover how to use the concepts covered in this class—from understanding the fundamental drivers of business success to buying at the right price—to enhance your own investment skills.

Applied Asset and Risk Management

Marcus Schulmerich,Yves-Michel Leporcher,Ching-Hwa Eu
Applied Asset and Risk Management Book PDF

Author : Marcus Schulmerich,Yves-Michel Leporcher,Ching-Hwa Eu
Publisher : Springer
Page : 476 pages
File Size : 42,8 Mb
Release : 2014-10-20
Category : Business & Economics
ISBN : 9783642554445

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Applied Asset and Risk Management by Marcus Schulmerich,Yves-Michel Leporcher,Ching-Hwa Eu Pdf

This book is a guide to asset and risk management from a practical point of view. It is centered around two questions triggered by the global events on the stock markets since the middle of the last decade: - Why do crashes happen when in theory they should not? - How do investors deal with such crises in terms of their risk measurement and management and as a consequence, what are the implications for the chosen investment strategies? The book presents and discusses two different approaches to finance and investing, i.e., modern portfolio theory and behavioral finance, and provides an overview of stock market anomalies and historical crashes. It is intended to serve as a comprehensive introduction to asset and risk management for bachelor’s and master’s students in this field as well as for young professionals in the asset management industry. A key part of this book is the exercises to further demonstrate the concepts presented with examples and a step-by-step business case. An Excel file with the calculations and solutions for all 17 examples as well as all business case calculations can be downloaded at extras.springer.com.

Moving Beyond Modern Portfolio Theory

Jon Lukomnik,James P. Hawley
Moving Beyond Modern Portfolio Theory Book PDF

Author : Jon Lukomnik,James P. Hawley
Publisher : Routledge
Page : 175 pages
File Size : 53,7 Mb
Release : 2021-04-29
Category : Business & Economics
ISBN : 9781000376159

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Moving Beyond Modern Portfolio Theory by Jon Lukomnik,James P. Hawley Pdf

Moving Beyond Modern Portfolio Theory: Investing That Matters tells the story of how Modern Portfolio Theory (MPT) revolutionized the investing world and the real economy, but is now showing its age. MPT has no mechanism to understand its impacts on the environmental, social and financial systems, nor any tools for investors to mitigate the havoc that systemic risks can wreck on their portfolios. It’s time for MPT to evolve. The authors propose a new imperative to improve finance’s ability to fulfil its twin main purposes: providing adequate returns to individuals and directing capital to where it is needed in the economy. They show how some of the largest investors in the world focus not on picking stocks, but on mitigating systemic risks, such as climate change and a lack of gender diversity, so as to improve the risk/return of the market as a whole, despite current theory saying that should be impossible. "Moving beyond MPT" recognizes the complex relations between investing and the systems on which capital markets rely, "Investing that matters" embraces MPT’s focus on diversification and risk adjusted return, but understands them in the context of the real economy and the total return needs of investors. Whether an investor, an MBA student, a Finance Professor or a sustainability professional, Moving Beyond Modern Portfolio Theory: Investing That Matters is thought-provoking and relevant. Its bold critique shows how the real world already is moving beyond investing orthodoxy.

Understanding Investments

Nikiforos T. Laopodis
Understanding Investments Book PDF

Author : Nikiforos T. Laopodis
Publisher : Routledge
Page : 814 pages
File Size : 40,8 Mb
Release : 2020-06-03
Category : Business & Economics
ISBN : 9781000074888

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Understanding Investments by Nikiforos T. Laopodis Pdf

This revised and fully expanded edition of Understanding Investments continues to incorporate the elements of traditional textbooks on investments, but goes further in that the material is presented from an intuitive, practical point of view, and the supplementary material included in each chapter lends itself to both class discussion and further reading by students. It provides the essential tools to navigate complex, global financial markets and instruments including relevant (and classic) academic research and market perspectives. The author has developed a number of key innovative features. One unique feature is its economic angle, whereby each chapter includes a section dedicated to the economic analysis of that chapter’s material. Additionally, all chapters contain sections on strategies that investors can apply in specific situations and the pros and cons of each are also discussed. The book provides further clarification of some of the concepts discussed in the previous edition, thereby offering a more detailed analysis and discussion, with more real-world examples. The author has added new, shorter text boxes, labeled "Market Flash" to highlight the use of, or changes in current practices in the field; updates on strategies as applied by professionals; provision of useful information for an investor; updates on regulations; and anything else that might be relevant in discussing and applying a concept. This second edition also includes new sections on core issues in the field of investments, such as alternative investments, disruptive technologies, and future trends in investment management. This textbook is intended for undergraduate students majoring or minoring in finance and also for students in economics and related disciplines who wish to take an elective course in finance or investments.

Portfolio Management

Scott D. Stewart,Christopher D. Piros,Jeffrey C. Heisler
Portfolio Management Book PDF

Author : Scott D. Stewart,Christopher D. Piros,Jeffrey C. Heisler
Publisher : John Wiley & Sons
Page : 720 pages
File Size : 40,9 Mb
Release : 2019-03-26
Category : Business & Economics
ISBN : 9781119397410

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Portfolio Management by Scott D. Stewart,Christopher D. Piros,Jeffrey C. Heisler Pdf

A career’s worth of portfolio management knowledge in one thorough, efficient guide Portfolio Management is an authoritative guide for those who wish to manage money professionally. This invaluable resource presents effective portfolio management practices supported by their underlying theory, providing the tools and instruction required to meet investor objectives and deliver superior performance. Highlighting a practitioner’s view of portfolio management, this guide offers real-world perspective on investment processes, portfolio decision making, and the business of managing money for real clients. Real world examples and detailed test cases—supported by sophisticated Excel templates and true client situations—illustrate real investment scenarios and provide insight into the factors separating success from failure. The book is an ideal textbook for courses in advanced investments, portfolio management or applied capital markets finance. It is also a useful tool for practitioners who seek hands-on learning of advanced portfolio techniques. Managing other people’s money is a challenging and ever-evolving business. Investment professionals must keep pace with the current market environment to effectively manage their client’s assets while students require a foundation built on the most relevant, up-to-date information and techniques. This invaluable resource allows readers to: Learn and apply advanced multi-period portfolio methods to all major asset classes. Design, test, and implement investment processes. Win and keep client mandates. Grasp the theoretical foundations of major investment tools Teaching and learning aids include: Easy-to-use Excel templates with immediately accessible tools. Accessible PowerPoint slides, sample exam and quiz questions and sample syllabi Video lectures Proliferation of mathematics in economics, growing sophistication of investors, and rising competition in the industry requires advanced training of investment professionals. Portfolio Management provides expert guidance to this increasingly complex field, covering the important advancements in theory and intricacies of practice.

Investment

Michelle Baddeley
Investment Book PDF

Author : Michelle Baddeley
Publisher : Bloomsbury Publishing
Page : 267 pages
File Size : 45,7 Mb
Release : 2017-05-09
Category : Business & Economics
ISBN : 9781403918642

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Investment by Michelle Baddeley Pdf

Investment provides an examination of the key macroeconomic theories which underpin fixed asset investment. It would make ideal reading for an intermediate level macroeconomics course or a module on fixed asset investment taking an applied macroeconomic perspective.

Fractal Market Analysis

Edgar E. Peters
Fractal Market Analysis Book PDF

Author : Edgar E. Peters
Publisher : John Wiley & Sons
Page : 341 pages
File Size : 46,8 Mb
Release : 1994-02-08
Category : Business & Economics
ISBN : 9780471585244

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Fractal Market Analysis by Edgar E. Peters Pdf

A leading pioneer in the field offers practical applications of this innovative science. Peters describes complex concepts in an easy-to-follow manner for the non-mathematician. He uses fractals, rescaled range analysis and nonlinear dynamical models to explain behavior and understand price movements. These are specific tools employed by chaos scientists to map and measure physical and now, economic phenomena.

Behavioral Finance

H. Kent Baker,John R. Nofsinger
Behavioral Finance Book PDF

Author : H. Kent Baker,John R. Nofsinger
Publisher : John Wiley & Sons
Page : 773 pages
File Size : 52,8 Mb
Release : 2010-10-05
Category : Business & Economics
ISBN : 9780470499115

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Behavioral Finance by H. Kent Baker,John R. Nofsinger Pdf

A definitive guide to the growing field of behavioral finance This reliable resource provides a comprehensive view of behavioral finance and its psychological foundations, as well as its applications to finance. Comprising contributed chapters written by distinguished authors from some of the most influential firms and universities in the world, Behavioral Finance provides a synthesis of the most essential elements of this discipline, including psychological concepts and behavioral biases, the behavioral aspects of asset pricing, asset allocation, and market prices, as well as investor behavior, corporate managerial behavior, and social influences. Uses a structured approach to put behavioral finance in perspective Relies on recent research findings to provide guidance through the maze of theories and concepts Discusses the impact of sub-optimal financial decisions on the efficiency of capital markets, personal wealth, and the performance of corporations Behavioral finance has quickly become part of mainstream finance. If you need to gain a better understanding of this topic, look no further than this book.