Rational investing :: the subtleties of asset management /
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...
Gespeichert in:
| 1. Verfasser: | |
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
[Place of publication not identified] :
COLUMBIA UNIV Press,
2017.
|
| Schriftenreihe: | Columbia Business School Publishing
|
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | 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. |
| Beschreibung: | 1 online resource |
| Bibliographie: | Includes bibliographical references and index. |
| ISBN: | 9780231543781 0231543786 |
Internformat
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| 520 | |a 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. | ||
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| 650 | 2 | |a Investments |0 https://id.nlm.nih.gov/mesh/D007449 | |
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| author | LANGLOIS, HUGUES |
| author_facet | LANGLOIS, HUGUES |
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| contents | Table of Contents ; 1. The Subtleties of Asset Management ; 2. Understanding the Playing Field ; 3. Skill, Scale, and Luck in Active Fund Management; 4. What May and Can Be Forecasted? ; 5. The Blueprint to Long-Term Performance; 6. Building Better Portfolios; 7. We Know Better, But ... ; Notes; Index. |
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| illustrated | Not Illustrated |
| indexdate | 2024-11-27T13:27:36Z |
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| series2 | Columbia Business School Publishing |
| spelling | LANGLOIS, HUGUES. Rational investing : the subtleties of asset management / Hugues Langlois and Jacques Lussier. [Place of publication not identified] : COLUMBIA UNIV Press, 2017. 1 online resource text txt rdacontent computer c rdamedia online resource cr rdacarrier text file Columbia Business School Publishing Table of Contents ; 1. The Subtleties of Asset Management ; 2. Understanding the Playing Field ; 3. Skill, Scale, and Luck in Active Fund Management; 4. What May and Can Be Forecasted? ; 5. The Blueprint to Long-Term Performance; 6. Building Better Portfolios; 7. We Know Better, But ... ; Notes; Index. 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. In English. Includes bibliographical references and index. Portfolio management. http://id.loc.gov/authorities/subjects/sh85105080 Investments. http://id.loc.gov/authorities/subjects/sh85067715 Investments https://id.nlm.nih.gov/mesh/D007449 Gestion de portefeuille. Investissements. BUSINESS & ECONOMICS Investments & Securities Stocks. bisacsh Investments fast Portfolio management fast BUSINESS & ECONOMICS / Investments & Securities / Stocks has work: Rational investing (Text) https://id.oclc.org/worldcat/entity/E39PCGK889qTR3wjqtGX4JJgPP https://id.oclc.org/worldcat/ontology/hasWork Print version: 0231177348 9780231177344 (OCoLC)960835095 FWS01 ZDB-4-EBA FWS_PDA_EBA https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=1821390 Volltext |
| spellingShingle | LANGLOIS, HUGUES Rational investing : the subtleties of asset management / Table of Contents ; 1. The Subtleties of Asset Management ; 2. Understanding the Playing Field ; 3. Skill, Scale, and Luck in Active Fund Management; 4. What May and Can Be Forecasted? ; 5. The Blueprint to Long-Term Performance; 6. Building Better Portfolios; 7. We Know Better, But ... ; Notes; Index. Portfolio management. http://id.loc.gov/authorities/subjects/sh85105080 Investments. http://id.loc.gov/authorities/subjects/sh85067715 Investments https://id.nlm.nih.gov/mesh/D007449 Gestion de portefeuille. Investissements. BUSINESS & ECONOMICS Investments & Securities Stocks. bisacsh Investments fast Portfolio management fast |
| subject_GND | http://id.loc.gov/authorities/subjects/sh85105080 http://id.loc.gov/authorities/subjects/sh85067715 https://id.nlm.nih.gov/mesh/D007449 |
| 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. http://id.loc.gov/authorities/subjects/sh85105080 Investments. http://id.loc.gov/authorities/subjects/sh85067715 Investments https://id.nlm.nih.gov/mesh/D007449 Gestion de portefeuille. Investissements. BUSINESS & ECONOMICS Investments & Securities Stocks. bisacsh Investments fast Portfolio management fast |
| topic_facet | Portfolio management. Investments. Investments Gestion de portefeuille. Investissements. BUSINESS & ECONOMICS Investments & Securities Stocks. Portfolio management |
| url | https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=1821390 |
| work_keys_str_mv | AT langloishugues rationalinvestingthesubtletiesofassetmanagement |