Rational investing: the subtleties of asset management
To the average investor, playing the market seems like a high-stakes, high-risk gamble, with success tied almost wholly to luck. In Rational Investing, the asset manager Hugues Langlois and the finance professor Jacques Lussier prove otherwise, showing how anyone can study, predict, and learn to mas...
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| Main Author: | |
|---|---|
| Format: | Electronic eBook |
| Language: | English |
| Published: |
New York
Columbia University Press
[2017]
|
| Subjects: | |
| Online Access: | HWR01 |
| Summary: | To the average investor, playing the market seems like a high-stakes, high-risk gamble, with success tied almost wholly to luck. In Rational Investing, the asset manager Hugues Langlois and the finance professor Jacques Lussier prove otherwise, showing how anyone can study, predict, and learn to master investing. While luck is no small component of profitable asset management, skilled investors can minimize its influence over time, reducing good and bad luck to minor computational noise. Langlois and Lussier construct a science of smart investing around four considerations: skill, behavior (investor and market psychology), horizon (short- or long-term investing), and luck. Successful practice means learning how to efficiently balance risk premiums, statistically diversify, and take advantage of mispricingluck is only a small factor. With clear examples from model multi-asset-class portfolios, Langlois and Lussier show how to implement performance drivers from the perspective of an institutional investor with access to extensive resources, as well as a nonprofessional investor who is constrained to single stock and other small-scale purchases. There are few investment products or management strategies, whether traditional or alternative, discretionary or systematic, fundamental or quantitative, that cannot be analyzed through their framework. Langlois and Lussier illuminate the structure of financial markets and the mechanics of sustainable investing so any investor can become a rational player |
| Item Description: | Description based on publisher supplied metadata and other sources |
| Physical Description: | 1 Online-Ressource (VI, 232 Seiten) Diagramme |
| ISBN: | 9780231543781 |
Staff View
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| 520 | |a To the average investor, playing the market seems like a high-stakes, high-risk gamble, with success tied almost wholly to luck. In Rational Investing, the asset manager Hugues Langlois and the finance professor Jacques Lussier prove otherwise, showing how anyone can study, predict, and learn to master investing. While luck is no small component of profitable asset management, skilled investors can minimize its influence over time, reducing good and bad luck to minor computational noise. Langlois and Lussier construct a science of smart investing around four considerations: skill, behavior (investor and market psychology), horizon (short- or long-term investing), and luck. Successful practice means learning how to efficiently balance risk premiums, statistically diversify, and take advantage of mispricingluck is only a small factor. With clear examples from model multi-asset-class portfolios, Langlois and Lussier show how to implement performance drivers from the perspective of an institutional investor with access to extensive resources, as well as a nonprofessional investor who is constrained to single stock and other small-scale purchases. There are few investment products or management strategies, whether traditional or alternative, discretionary or systematic, fundamental or quantitative, that cannot be analyzed through their framework. Langlois and Lussier illuminate the structure of financial markets and the mechanics of sustainable investing so any investor can become a rational player | ||
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Record in the Search Index
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| id | DE-604.BV044611413 |
| illustrated | Not Illustrated |
| indexdate | 2024-07-10T07:57:13Z |
| institution | BVB |
| isbn | 9780231543781 |
| language | English |
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| spelling | Langlois, Hugues 1983- Verfasser (DE-588)1130809862 aut Rational investing the subtleties of asset management Hugues Langlois and Jacques Lussier New York Columbia University Press [2017] © 2017 1 Online-Ressource (VI, 232 Seiten) Diagramme txt rdacontent c rdamedia cr rdacarrier Description based on publisher supplied metadata and other sources To the average investor, playing the market seems like a high-stakes, high-risk gamble, with success tied almost wholly to luck. In Rational Investing, the asset manager Hugues Langlois and the finance professor Jacques Lussier prove otherwise, showing how anyone can study, predict, and learn to master investing. While luck is no small component of profitable asset management, skilled investors can minimize its influence over time, reducing good and bad luck to minor computational noise. Langlois and Lussier construct a science of smart investing around four considerations: skill, behavior (investor and market psychology), horizon (short- or long-term investing), and luck. Successful practice means learning how to efficiently balance risk premiums, statistically diversify, and take advantage of mispricingluck is only a small factor. With clear examples from model multi-asset-class portfolios, Langlois and Lussier show how to implement performance drivers from the perspective of an institutional investor with access to extensive resources, as well as a nonprofessional investor who is constrained to single stock and other small-scale purchases. There are few investment products or management strategies, whether traditional or alternative, discretionary or systematic, fundamental or quantitative, that cannot be analyzed through their framework. Langlois and Lussier illuminate the structure of financial markets and the mechanics of sustainable investing so any investor can become a rational player Portfolio management Kapitalanlage (DE-588)4073213-7 gnd rswk-swf Portfoliomanagement (DE-588)4115601-8 gnd rswk-swf Kapitalanlage (DE-588)4073213-7 s Portfoliomanagement (DE-588)4115601-8 s 1\p DE-604 Lussier, Jacques Sonstige (DE-588)171095162 oth Erscheint auch als Druck-Ausgabe Langlois, Hugues Rational Investing : The Subtleties of Asset Management La Vergne : Columbia University Press,c2017 9780231177344 1\p cgwrk 20201028 DE-101 https://d-nb.info/provenance/plan#cgwrk |
| spellingShingle | Langlois, Hugues 1983- Rational investing the subtleties of asset management Portfolio management Kapitalanlage (DE-588)4073213-7 gnd Portfoliomanagement (DE-588)4115601-8 gnd |
| subject_GND | (DE-588)4073213-7 (DE-588)4115601-8 |
| title | Rational investing the subtleties of asset management |
| title_auth | Rational investing the subtleties of asset management |
| title_exact_search | Rational investing the subtleties of asset management |
| title_full | Rational investing the subtleties of asset management Hugues Langlois and Jacques Lussier |
| title_fullStr | Rational investing the subtleties of asset management Hugues Langlois and Jacques Lussier |
| title_full_unstemmed | Rational investing the subtleties of asset management Hugues Langlois and Jacques Lussier |
| title_short | Rational investing |
| title_sort | rational investing the subtleties of asset management |
| title_sub | the subtleties of asset management |
| topic | Portfolio management Kapitalanlage (DE-588)4073213-7 gnd Portfoliomanagement (DE-588)4115601-8 gnd |
| topic_facet | Portfolio management Kapitalanlage Portfoliomanagement |
| work_keys_str_mv | AT langloishugues rationalinvestingthesubtletiesofassetmanagement AT lussierjacques rationalinvestingthesubtletiesofassetmanagement |