Guide to investment strategy how to understand markets, risk, rewards, and behaviour
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 t...
| Otros Autores: | , |
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| Formato: | Libro electrónico |
| Idioma: | Inglés |
| Publicado: |
New York :
Bloomberg Press
2010.
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| Edición: | 2nd ed |
| Colección: | Economist series.
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| Materias: | |
| Ver en Biblioteca Universitat Ramon Llull: | https://discovery.url.edu/permalink/34CSUC_URL/1im36ta/alma991009628034906719 |
Tabla de Contenidos:
- Guide To Investment Strategy: How To Understand Markets, Risk, Rewards And Behaviour; Contents; Acknowledgements; Foreword; Introduction: taking stock; Part 1: The Big Picture; 1: Setting the scene; Financial fraud: ""a hardy perennial""; Other catastrophic risk-taking; Think about risk before it hits you; How much risk can you tolerate?; Know your niche; War chests and umbrellas; Box: Base currency; 2: Understand your behaviour; Insights from behavioural finance; Investor biases; Investor preferences; Loss aversion; Mental accounting and behavioural portfolio theory
- Investment strategy and behavioural financeParameter uncertainty and behavioural finance; Traditional finance, behavioural finance and evolution; 3: Market investment returns: will the markets make me rich?; Sources of investment performance; Safe havens that provide different kinds of shelter; Which government bonds will perform best?; Box: Is the break-even inflation rate the market's forecast?; What premium return should bond investors expect?; The equity risk premium; Equity risk: don't bank on time diversifying risk; 4: Which should we do: buy-and-hold or time markets?
- Model investment strategiesStrongly held market views and the safe haven; Box: Stockmarket bubbles; An appropriate role for strategy models; 5: The time horizon and the shape of strategy: keep it simple; Short-term investment strategies; How safe is cash?; No all-seasons short-term strategy; Box: Do bonds provide insurance for short-term investors?; Are you in it for the long term?; Time horizon for private and institutional wealth; Long-term investors; Financial planning and the time horizon; ""Safe havens"", benchmarking, risk-taking and long-term strategies
- The danger of keeping things too simpleGood and bad volatility; Box: Unexpected inflation: yet again the party pooper; ""Keep-it-simple"" long-term asset allocation models; Should long-term investors hold more equities?; Inflation, again; Laddered government bonds: a useful safety-first portfolio; Bond ladders, tax and creditworthiness: the case of us municipal bonds; Box: the orange county saga: what is a good-quality municipal bond?; What's the catch in following a long-term strategy?; Long-term pension savings and risk tolerance
- Long-term strategy: ""imperfect information changes everything""Market timing: an unavoidable risk; Some ""keep-it-simple"" concluding messages; Box: the chance of a bad outcome may be higher than you think; Part 2: Implementing More Complicated Strategies; 6: Setting the scene; A health warning: liquidity risk; Behavioural finance, market efficiency and arbitrage opportunities; Barriers to arbitrage; Fundamental risk and arbitrage; Herd behaviour and arbitrage; Implementation costs, market evolution and arbitrage; Institutional wealth and private wealth: taxation; 7: Equities
- Concentrated stock positions in private portfolios
