Rational Investing: The Subtleties of Asset Management

Specifications

Book Description

Many people who invest their money think that success in the market is based on either foresight or luck. Asset manager Jacques Lussier and finance professor Hugues Langlois outline the current status of asset management and explain the conundrum of luck vs competence in the book Rational Investing: The Subtleties of Asset Management (PDF). At its core, Rational Investing is a framework for intelligent investing that is built on three performance drivers: effectively diversifying against bad luck; striking a healthy balance between exposure to risk factors; and profiting from relative mispricings in financial markets. Lussier and Langlois demonstrate how to apply performance drivers using compelling examples from model multi-asset-class portfolios. Institutional investors have access to extensive resources, while nonprofessional investors are limited to small-scale transactions. Lussier and Langlois show how both types of investors can benefit from applying performance drivers. Few investment products, whether alternative or traditional, discretionary or systematic, quantitative or fundamental, cannot have their performance evaluated using this paradigm. This is true whether the product in question is quantitative or fundamental in nature. Any financier can become a rational player thanks to Lussier and Langlois's explanation of the structure of financial markets and the mechanism of sustainable investing. This applies to nonprofessional investors who have a fundamental understanding of statistics all the way up to seasoned investment professionals who want to test their understanding of the asset management industry.

Reviews

“Strongly founded on a good study and simply written, this vital ebook is a fantastic way to invest a day in snowballing your investment success,” the author writes. “[I]t is a terrific way to invest a day in snowballing your investment success.” Charles D. Ellis is the author of books such as “The Index Revolution” and “Winning the Loser's Game.”

“With helpful and clear examples, the ebook adopts a big picture perspective that can be applied to different sorts of assets….a terrific resource for any investor who is wanting to better his or her investing performance,” the author writes. — Free Will

PLEASE TAKE NOTE That the purchase only comes with the original ePub version of the ebook “Rational Investing: The Subtleties of Asset Management.” On request, a converted PDF can be provided to you. There are no access codes contained within.