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The Power of Modern Value Investing: Beyond Indexing, Algos, and Alpha

Autor Gary Smith, Margaret Smith
en Limba Engleză Hardback – 13 ian 2024
The stock market is a wild and scary roller coaster ride that investors have tried to tame with superficially appealing but ultimately flawed strategies—technical analysis, modern portfolio theory, CAPM, factor models, and algos. Many have simply given up and settled for indexing. This book explains the fundamental flaws that make so many strategies hazardous to our wealth.
There is a better way—what the authors call Investing 6.0—that is simple enough for anyone to use. No fancy math, complicated computer algorithms, or long days are required. This book offers a strategy with a few key principles that all investors and the financial advisors and planners who serve them can use with ease

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Specificații

ISBN-13: 9783031458996
ISBN-10: 3031458990
Pagini: 181
Ilustrații: XXIII, 181 p. 83 illus., 5 illus. in color.
Dimensiuni: 155 x 235 mm
Greutate: 0.47 kg
Ediția:1st ed. 2023
Editura: Springer Nature Switzerland
Colecția Palgrave Macmillan
Locul publicării:Cham, Switzerland

Cuprins

Introduction.- 1. Investing 1.0 — Blind Faith and Speculation.- 2. Investing 2.0 — Intrinsic Value.- 3. Investing 3.0 — Measuring Risk.- 4. Investing 4.0 — Efficient Markets and Indexing.- 5. Investing 5.0 — Factor Models and Algorithms.- 6. Investing 6.0 — Real Value and Real Risk.- 7. A Case Study.- 8. The 9 Pitfalls of Investing.

Notă biografică

Gary Smith is the Fletcher Jones Professor of Economics at Pomona College. He has written (or co-authored) more than 100 academic papers and 16 books, most recently, Distrust: Big Data, Data-Torturing, and the Assault on Science. His book, Standard Deviations: Flawed Assumptions, Tortured Data, and Other Ways to Lie With Statistics, was a London Times Book of the Week. The 9 Pitfalls of Data Science, coauthored with Jay Cordes, won the 2020 PROSE Award for Popular Science and Popular Mathematics.
Margaret Smith is a Certified Financial Planner, Certified Coach, Enneagram Professional, and Author. She earned a simultaneous BA/MA Summa Cum Laude in Economics from Yale, a PhD in Business Economics from Harvard University, and was an Economics Professor for a decade. Her book, Money: From Fear to Love, is the first to relate the nine Enneagram personality types to money, and is the basis for workshops given around the world. 


Textul de pe ultima copertă

“Gary and Margaret have hit the ball out of the park. Both amateur and professional investors would be well-rewarded by reading and re-reading The Power of Modern Value Investing.”
Brian Nelson, CFA, President, Valuentum Securities


“A book about investing that every investor should read.”
Ed Yardeni, President & Chief Investment Strategist, Yardeni Research, Inc.


“Should be required reading for all value investors and anyone else wanting to see things differently.”
Gary Antonacci, author of Dual Momentum Investing
 
“A superior value-oriented analytical approach to investing.”
Chris Dialynas, Managing Director, PIMCO
 
“An enjoyable read and a great road map for building wealth!”
Andrew D Sloves, Board of Directors, Rithm Capital; Former Managing Director,  J.P. Morgan
 
“An essential read for every investor.”
Mitch Mokhtari, Professor of Personal Finance, University of Maryland - College Park
 
“A great foundation for both new and veteran investors.”
Matt Thompson, Private Equity and Technology Investor
 
“I have read over 40,000 pages on Value Investing alone, and Professors Smith and Smith continue to prescribe (and practice!) an accessible framework that not only upholds the original tenets of the discipline but one that investors can successfully apply across any epoch in economic history.” —Roberto Hamilton, CFA
 


Caracteristici

Argues for a value-investing approach that assesses risk explicitly Creates a new investment strategy: Investing 6.0 Contrasts Investing 6.0 with the most popular competing strategies