Rational Investing

The Subtleties of Asset Management

Business & Finance, Finance & Investing, Finance, Investments & Securities
Cover of the book Rational Investing by Jacques Lussier, Hugues Langlois, , Ph.D., Columbia University Press
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Jacques Lussier, Hugues Langlois, , Ph.D. ISBN: 9780231543781
Publisher: Columbia University Press Publication: March 7, 2017
Imprint: Columbia University Press Language: English
Author: Jacques Lussier, Hugues Langlois, , Ph.D.
ISBN: 9780231543781
Publisher: Columbia University Press
Publication: March 7, 2017
Imprint: Columbia University Press
Language: English

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.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

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.

More books from Columbia University Press

Cover of the book The Spatiality of Emotion in Early Modern China by Jacques Lussier, Hugues Langlois, , Ph.D.
Cover of the book Hidden Atrocities by Jacques Lussier, Hugues Langlois, , Ph.D.
Cover of the book The Columbia Anthology of Japanese Essays by Jacques Lussier, Hugues Langlois, , Ph.D.
Cover of the book The Formation of the Chinese Communist Party by Jacques Lussier, Hugues Langlois, , Ph.D.
Cover of the book The Cinema of Krzysztof Kieslowski by Jacques Lussier, Hugues Langlois, , Ph.D.
Cover of the book Sports Analytics by Jacques Lussier, Hugues Langlois, , Ph.D.
Cover of the book Assessing Empathy by Jacques Lussier, Hugues Langlois, , Ph.D.
Cover of the book Environment, Power, and Society for the Twenty-First Century by Jacques Lussier, Hugues Langlois, , Ph.D.
Cover of the book A Philosophical Retrospective by Jacques Lussier, Hugues Langlois, , Ph.D.
Cover of the book Betrayal by Jacques Lussier, Hugues Langlois, , Ph.D.
Cover of the book The Levittowners by Jacques Lussier, Hugues Langlois, , Ph.D.
Cover of the book Sex, Marriage, and Family in World Religions by Jacques Lussier, Hugues Langlois, , Ph.D.
Cover of the book Between Ally and Partner by Jacques Lussier, Hugues Langlois, , Ph.D.
Cover of the book River Republic by Jacques Lussier, Hugues Langlois, , Ph.D.
Cover of the book Rewiring the Real by Jacques Lussier, Hugues Langlois, , Ph.D.
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy