Produktbild: Investment Philosophies
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Investment Philosophies Successful Strategies and the Investors Who Made Them Work

Aus der Reihe Wiley Finance
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Beschreibung

Produktdetails

Einband

Gebundene Ausgabe

Erscheinungsdatum

17.03.2026

Verlag

John Wiley & Sons Inc

Seitenzahl

704

Maße (L/B/H)

23,4/15,6/4,8 cm

Gewicht

953 g

Auflage

3. Auflage

Sprache

Englisch

ISBN

978-1-394-27321-8

Beschreibung

Produktdetails

Einband

Gebundene Ausgabe

Erscheinungsdatum

17.03.2026

Verlag

John Wiley & Sons Inc

Seitenzahl

704

Maße (L/B/H)

23,4/15,6/4,8 cm

Gewicht

953 g

Auflage

3. Auflage

Sprache

Englisch

ISBN

978-1-394-27321-8

Herstelleradresse

Libri GmbH
Europaallee 1
36244 Bad Hersfeld
DE

Email: gpsr@libri.de

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Die Leseprobe wird geladen.
  • Produktbild: Investment Philosophies
  • CHAPTER 1
    Introduction 1
    What Is an Investment Philosophy? 2
    Why Do You Need an Investment Philosophy? 3
    The Big Picture of Investing 4
    Categorizing Investment Philosophies 7
    Developing an Investment Philosophy 10

    CHAPTER 2
    Upside and Downside-Understanding Risk 15
    What Is Risk? 16
    Risk Aversion: Measurement and Consequences 16
    Equity Risk: Theory-based Models 17
    Assessing Conventional Risk-and-return Models 33
    Equity Risk: Alternative Measures 35
    Equity Risk: Assessing the Field 46
    Default Risk 48

    CHAPTER 3
    Numbers Don't Lie-or Do They? 55
    The Basic Accounting Statements 56
    Asset Measurement and Valuation 56
    Measuring Financing Mix 65
    Measuring Earnings and Profitability 73
    Measuring Risk 81
    Differences in Accounting Standards and Practices 88

    CHAPTER 4
    Show Me the Money: The Basics of Valuation and Pricing 93
    Intrinsic Value 94
    Pricing or Relative Valuation 119
    Valuing an Asset with Contingent Cash Flows (Options) 129

    CHAPTER 5
    Many a Slip: Trading, Execution, and Taxes 135
    The Trading Cost Drag 135
    The Components of Trading Costs: Traded Financial Assets 137
    Trading Costs with Nontraded Assets 156
    Management of Trading Costs 158
    Taxes 161

    CHAPTER 6
    Too Good to Be True? Testing Investment Strategies 173
    Why Does Market Efficiency Matter? 173
    Efficient Markets: Definition and Implications 174
    Behavioral Finance: The Challenge to Efficient Markets 181
    A Skeptic's Guide to Investment Strategies 214

    CHAPTER 7
    Smoke and Mirrors? Price Patterns, Volume Charts, and Technical Analysis 219
    Random Walks and Price Patterns 219
    Empirical Evidence on Pricing Patterns 221
    The Foundations of Technical Analysis 250
    Technical Indicators and Charting Patterns 252
    Social Media and Markets 265
    Determinants of Success at Charting and Technical Analysis 269

    CHAPTER 8
    From Graham to Private Equity: Value Investing 273
    Who Is a Value Investor? 273
    The Passive Screener 275
    The Contrarian Value Investor 304
    Activist Value Investing 312

    CHAPTER 9
    The Allure of Growth: Small Cap and Growth Investing 337
    Who Is a Growth Investor? 337
    Proxy Growth Investing 338
    Passive Growth Investing 358
    Activist Growth Investing 379

    CHAPTER 10
    Information Pays: Trading on News 395
    Information and Prices 396
    Trading on Private Information 398
    Trading on Public Information 418
    Implementing an Information-based Investment Strategy 440

    CHAPTER 11
    A Sure Profit: The Essence of Arbitrage 445
    The Essence of Arbitrage 445
    Pure Arbitrage 447
    Near Arbitrage 471
    Speculative Arbitrage 485
    Long/short Strategies-Hedge Funds 490

    CHAPTER 12
    The Impossible Dream? Timing the Market 499
    Market Timing: Payoff and Costs 499
    Market timing Approaches 503
    The Evidence on Market Timing 533
    Market-timing Strategies 542
    Market-timing Instruments 546
    Connecting Market Timing to Security Selection 549

    CHAPTER 13
    The Allure of Indexing 553
    The Mechanics of Indexing 553
    A History of Indexing 557
    The Case for Indexing 560
    Why Do Active Investors Not Perform Better? 584
    Enhanced Index Funds 591

    CHAPTER 14
    Investing in Alternatives 603
    The Alternative Investment Universe 603
    The Sales Pitch for Alternatives 607
    Price and Value with Alternative Investments 611
    Real Estate: The Underfollowed Investment Class 613
    Collectibles 620
    The Rise of Alternative Investing 648
    Alternative Investment Philosophies 655

    CHAPTER 15
    A Road Map to Choosing an Investment Philosophy 661
    A Self-assessment 659
    Finding an Investment Philosophy 665
    The Right Investment Philosophy (Philosophies) 667
    Conclusion 674
    Exercises 675

    Index 677