The Complete Guide to Portfolio Construction and Management (The Wiley Finance Series) - Hardcover

Snopek, Lukasz

Hardcover

ISBN 10: 111997688X ISBN 13: 9781119976882

Publisher: Wiley, 2012

Synopsis

In the wake of the recent financial crisis, many will agree that it is time for a fresh approach to portfolio management. The Complete Guide to Portfolio Construction and Management provides practical investment advice for building a robust, diversified portfolio.

Written by a high-profile investment adviser, this book reveals a practical portfolio management framework and new approach to portfolio construction based on four key market forces: macro, fundamental, technical, and behavioural. It is an insight that takes the focus off numbers, looking instead at the role of risk and behavior in finance.

As we have seen with the recent finance meltdown, traditional portfolio management techniques are flawed. Investors need to understand those flaws and learn how to incorporate risk management and behavioral finance into their asset management strategies.

With a foreword by industry leader Francois-Serge L'habitant, this is your one-stop guide, with new ways for you to manage, grow and preserve your investment portfolio, even in uncertain markets.

About this title

About the Author

LUKASZ SNOPEK has been working for many years as a wealth manager and investment consultant in the private banking sector. His qualifications include a Master of Law and a Master’s degree in Business Administration (HEC), the Swiss Federal Diploma for Experts in Finance and Investments and the International Wealth Manager Certificate (CIWM). Lukasz Snopek is also a corrector for the Swiss Financial Analysts Association and teaches portfolio construction and management at the Institut Supérieur de Formation Bancaire (ISFB) in Geneva.

From the Back Cover

Recent financial crises have highlighted the fact that events supposed to happen "occasionally" actually occur much more frequently than expected. They have also demonstrated the limits of existing financial theories, which appear outdated and unsuited to the new stock market environment. Now more than ever, we need to reconsider the way we invest and explore new and better paths for managing and growing our capital, and, more importantly, preserving it in the event of a crisis. The time has come for a new approach to building and managing an investment portfolio – one that is flexible and dynamic, able to adapt readily to sudden shifts in market sentiment and adverse market conditions. One that is risk-management oriented rather than focused on expected returns and incorporates a deep understanding of the macroeconomic forces that drive market ebbs and flows. One that factors in behavioural aspects that can influence prices, while exploiting the best of both technical and fundamental analysis.

In The Complete Guide to Portfolio Construction and Management, world class investment adviser and wealth manager Lukasz Snopek shares for the first time his asset allocation and portfolio management strategies that rely on a flexible process based more on the attractiveness of the different asset classes than on any rigidity in their allocation.

He explores these asset classes in detail, highlighting their inherent risks, including the often forgotten inflation, while offering proven strategies for managing those risks. In addition, the author analyses the investment strategies of value investing legends Warren Buffet, Ben Graham and Peter Lynch, extracting powerful lessons from them for every investor. Finally, he develops a comprehensive framework for portfolio construction and management that combines strategic long-term asset allocation with a multifaceted tactical approach integrating macroeconomic, fundamental, technical and behavioural factors making The Complete Guide to Portfolio Construction and Management an indispensable resource for professional managers and private investors of every stripe.

From the Inside Flap

“As Warren Buffett liked to say, ‘Over his lifetime, it is impossible for an investor to make hundreds of good decisions. One a year is enough.’ For many investors, reading this book will no doubt be it for 2012."

Francois-Serge Lhabitant, Chief Investment Officer, Kedge Capital and Professor of Finance, EDHEC Business School

Edition details

• Publisher: Wiley
• Publication date: 2012
• Language: English
• ISBN 10: 111997688X
• ISBN 13: 9781119976882
• Binding: Hardcover
• Edition number: 1
• Number of pages: 320