Investment management. by Bernstein, Peter L; Damodaran, Aswath. Publication date Topics Portfolio management, Investment analysis. Get this from a library! Investment management. [Peter L Bernstein; Aswath Damodaran;]. Investment management / edited by Peter L. Bernstein and Aswath Damodaran. View the summary of this work. Bookmark:
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Its authoritative approach to the investment process is indispensable for coming to grips with today’s rapidly changing investment environment-an environment that bombards the investor with an oversupply of information, with novel and complex strategies, with a globalized trading arena in a constant state of flux, and with radical innovations in the development of new financial instruments.
Traditional investment methods no longer suffice for investors managing their brenstein funds or for professionals entrusted with the wealth of individual and fiduciary institutions. Edited by Peter Bernstein and Aswath Damodaran, widely respected experts in the field, this authoritative resource brings together an all-star team that combines Wall Street savvy with profound theoretical skills.
The hands-on professionals who have contributed to this volume command high respect among academics in finance; the academic contributors, in turn, are also experienced in the rough-and-tumble of the Wall Street scene.
Together, they have designed the book to look at investing as a process-a series of steps, taken in the proper sequence, that provides the tools and strategies for optimal balancing of the interaction of risk and return. The analysis is at all points comprehensive and lucid as it moves from setting investment objectives to the best methods for selecting securities, from explaining how to measure risk to how to measure performance, from understanding derivatives to minimizing taxes, and from damkdaran the essentials of portfolio strategy to the basic principles of asset allocation.
In a unique chapter, the book also offers a majagement evaluation of management and governance structures in the modern mwnagement. One form of risk management is to make such successful investments that losses do not samodaran. Only luck can achieve that result; the real world requires decisions mabagement outcomes are never known in advance. That is what risk is investmeent about.
Every stage of the investment process-from executing a trade to optimizing diversification-must focus on making rational bsrnstein under conditions of uncertainty. The successful investor’s toolkit has more inside of it than just the essential apparatus for selecting securities and allocating assets.
The successful investor is also the one who has the knowledge, the confidence, and the necessary control systems to deal with the inevitable moments when forecasts go wrong. Investment Management explores the investment process from precisely this viewpoint. It is a comprehensive and accessible introduction to investing in today’s challenging marketplace-an ideal resource for serious investors and students.
A state-of-the-art program in investment principles and applications from topflight professionals. Edited by Peter Bernstein and Aswath Damodaran, who are widely respected throughout the world of finance, this authoritative text brings together an all-star team to provide both a hands-on and theoretical overview of investing in today’s challenging financial environment.
Once upon a time, Wall Street lived off little homilies like, ‘buy low and sell high,’ ‘nothing ventured, nothing gained,’ and ‘don’t put bernstdin your eggs in bernstien basket. When wrapped into a body of theory that supports them with logic and a systematic set of principles, these investmeht wisdoms pack a great deal of power. Yet if the theory is so consistent, logical, and powerful, another fabled Wall Street saying comes to mind: The essence of investment theory is that being smart is not a sufficient condition for being rich.
This book is about the missing ingredients. The Best Books of Check out the top books of the year on our page Best Books of Looking for beautiful books?
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Investing in Africa Justin F. Back cover copy A state-of-the-art program in investment principles andapplications from topflight professionals. Edited by Peter Bernstein and Aswath Damodaran, who are widelyrespected throughout the world of finance, this authoritative textbrings together an all-star team to provide both a hands-on andtheoretical overview of investing in today’s challenging financialenvironment. Once upon a time, Wall Street lived off little homilies like, ‘buylow and sell high, ‘ ‘nothing ventured, nothing gained, ‘ and ‘don’tput all your eggs in one basket.
When wrapped into a berjstein of theory that supports them withlogic and a systematic set of principles, these elementary wisdomspack a great deal of power. Yet if the invesment is so consistent, logical, and powerful, anotherfabled Wall Street saying comes to mind: Theessence of investment theory is that being smart is not asufficient condition for being rich. This book is about the missingingredients. Table of contents The Investment Setting. Alternative Measures of Risk.
Tax Considerations in Investing. Global Management and Asset Allocation. The Hidden Costs of Trading. Taxes and Performance Evaluation. Lessons from the s. A longtime participant in the world of finance as a money manager, teacher, and writer, he was the founder of the Journal of Portfolio Management and is the publisher of the biweekly, Economics and Portfolio Strategy.
His seven books include Against the Gods: Theory and Practice, both published by Wiley. He was voted one of the top twelve business educators in the United States by BusinessWeek.
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