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Rational Investing : The Subtleties of Asset Management / Jacques Lussier, Hugues Langlois.

By: Contributor(s): Material type: TextTextSeries: Columbia Business School PublishingPublisher: New York, NY : Columbia University Press, [2017]Copyright date: ©2017Description: 1 online resource (240 p.) : 30 figures and tablesContent type:
Media type:
Carrier type:
ISBN:
  • 9780231177344
  • 9780231543781
Subject(s): DDC classification:
  • 332.6 23
Other classification:
  • online - DeGruyter
Online resources: Available additional physical forms:
  • Issued also in print.
Contents:
Frontmatter -- 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
Summary: 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.
Holdings
Item type Current library Call number URL Status Notes Barcode
eBook eBook Biblioteca "Angelicum" Pont. Univ. S.Tommaso d'Aquino Nuvola online online - DeGruyter (Browse shelf(Opens below)) Online access Not for loan (Accesso limitato) Accesso per gli utenti autorizzati / Access for authorized users (dgr)9780231543781

Frontmatter -- 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

restricted access online access with authorization star

http://purl.org/coar/access_right/c_16ec

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.

Issued also in print.

Mode of access: Internet via World Wide Web.

In English.

Description based on online resource; title from PDF title page (publisher's Web site, viewed 02. Mrz 2022)