Guide to Investment Strategy: How to Understand Markets, Risk, Rewards, and Behaviour - Couverture rigide

Stanyer, Peter

Couverture rigide

ISBN 10 : 1576603423 ISBN 13 : 9781576603420

Editeur : Bloomberg Press, 2010

Synopsis

Book by Stanyer Peter

A propos du livre

Présentation de l'éditeur

The first edition of The Economist Guide to Investment Strategy explained the fundamentals of investment risk, how to put together "keep–it–simple" investment strategies, and the need to guard against our own behavior leading to dreadful investment mistakes. The global crisis that erupted in 2008 exposed the flaws in many more complicated investment strategies.

The second edition starts with a new section on financial fraud and how investors can help to protect themselves against this "hearty perennial."  It also includes a new section on risk profiling and discusses the role of risk tolerance questionnaires. In Chapter 3 data are provided pointing to underperformance of equities between 1978 and 2008. Against this background, there is a new Chapter 4—"Which should we do: buy–and–hold or time markets?" Chapter 5, which discusses the design of short–term and long–term strategies, includes a new section—"How safe is cash?"—and the discussion of bond ladders is extended to reflect issues of bond selection in the light of corporate credit risk and the financial difficulties of some US municipal authorities.

Part 2 has been updated extensively to reflect developments in the past four years and the impact of the financial crisis on credit instruments, hedge funds, private equity, and real estate.

The book concludes with a new chapter on investing in art and collectibles. It explores the argument that art prices "float aimlessly," discusses financial investment in art, and provides some reasons for expecting that a portfolio of art might perform well in the future.

Biographie de l'auteur

Peter Stanyer is an economist and strategist at Delmore Asset Management, a London–based private wealth manager. He also serves on the investment committees of two large pension funds and of one college endowment. He was previously chief investment officer of a US–based investment firm, a managing director at Merrill Lynch, and investment director of the UK′s Railways Rail Pension Fund. He has also worked as an economist for the Bank of England and the IMF, and when at Cambridge University he won the Adam Smith prize for economics.

Détails de l'édition

• Éditeur: Bloomberg Press
• Date d'édition: 2010
• Langue: anglais
• ISBN 10: 1576603423
• ISBN 13: 9781576603420
• Reliure: Relié
• Numéro d'édition: 2
• Nombre de pages: 304
• Coordonnées du fabricant: non disponible
• Personne responsable: non disponible