Better than Alpha: Three Steps to Capturing Excess Returns in a Changing World (BUSINESS BOOKS)

Christopher M. Schelling

ISBN 10: 1264257651 / ISBN 13: 9781264257652

Published by McGraw Hill 28 A, 2021

About this Item

Better than Alpha: Three Steps to Capturing Excess Returns in a Changing World (BUSINESS BOOKS) This book is in very good condition and will be shipped within 24 hours of ordering. The cover may have some limited signs of wear but the pages are clean, intact and the spine remains undamaged. This book has clearly been well maintained and looked after thus far. Money back guarantee if you are not satisfied. See all our books here, order more than 1 book and get discounted shipping. .

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Bibliographic Details

• Title: Better than Alpha: Three Steps to Capturing Excess Returns in a Changing World (BUSINESS BOOKS)
• Publisher: McGraw Hill 28 A
• Publication Date: 2021
• Language: English
• ISBN 10: 1264257651
• ISBN 13: 9781264257652
• Binding: Hardcover
• Condition: Very Good

About this title

Synopsis

A powerful new approach for giving up the ghost of alpha―and building an investing portfolio that meets your objectives

The concept of beating markets is just a lot of hype. Successful investors don’t find “alpha,” they find value―and that’s what this book helps you do. 

Better Than Alpha provides the perspective, insights, and tools you need to retrain your focus away from searching for alpha and toward actions that produce superior investment outcomes. 

Chris Schelling explains why strategies based on “beating the markets” are doomed to failure and provides a simple three-step framework for making better investment decisions: Behavior (smart thinking), Process (smart habits), Organization (smart governance). He explains why the search for alpha is destined to fail, the major role behavioral finance plays in so much wasted time, effort, and money, and, most important, how to avoid common mistakes and maximize your efforts. 

You’ll gain a deeper understanding of what drives investment returns, how superstar investment managers generated excess returns in the past, and why strategies that worked in the past don’t necessarily make sense today.

Whether you’re responsible for generating revenue streams for pensions, endowments, or foundations; mitigating insurance losses; serving as an investment consultant; or any other institutional-level investing, Better Than Alpha walks you through the process of minimizing the impacts of behavioral biases and making decisions that create a higher probability of meeting your objectives―whatever they may be.

About the Author

Christopher M. Schelling runs Windmuehle Funds, an investment firm located in Austin. Previously, he was Director of Private Equity investing for the Texas Municipal Retirement System. He also worked as Deputy CIO and Director of Absolute Returns at the Kentucky Retirement Systems.