1118432231 Brand new, Never used!. Bookseller Inventory #
Synopsis: Debunking outdated and inaccurate beliefs about investment management and reveals the new realities of the post-modern financial markets
There have been a lot of big changes in the investment world over the past decade, and many long-cherished beliefs about the structures and performance of various investments no longer apply. Unfortunately the news seems not to have reached many thought leaders and investment professionals who persist in trying, and failing, to apply 20th-century thinking to 21st-century portfolio management. Nowhere is this more true than when it comes to the subject of alternative investments. Written by an all-star team of investment management experts, this book debunks common myths and misconceptions about most classes of alternative investments and offers valuable advice on how to develop investment management and asset allocation strategies consistent with the new realities of the ever-changing world of alternative investments.
From the Back Cover:
"In Postmodern Investment, the authors provide a thoughtful framework for investing in the current and evolving financial markets. They provide a critical, yet even-handed, examination of 'modern' investment theories and point out the complexities of today's markets that require that we go beyond traditional models and asset classes in designing portfolios. The authors also drill down to individual assets, both 'traditional' and 'alternative', to explore the underlying risk and sources of returns. Most importantly, the book focuses on the complex risks (those known and unknown) that can impact assets and portfolios, such as the risks added to structured products due to the business model and risk management of the product sponsor. This book is a must-read for anyone managing portfolios in today's dynamic environment."
—Tom Robinson, PhD, CFA, CAIA, CFP®, Managing Director, Education Division, CFA Institute
"I have waited years for a book that finally admits that investment firms sell the products that they can sell and not the ones they necessarily should and that academics often publish articles that are acceptable and not the ones that are difficult to accept. That wait is thankfully over. This book highlights the fact that individuals need to go beyond and break away from conventional thought to embrace a new investment reality. The authors have done a great service to the many investors who can use this book to educate themselves as to what is often hidden behind the curtain and how better to prepare themselves for the future."
—Florence Lombard, Chief Executive Officer, Chartered Alternative Investment Analyst Association (CAIA)
"Serious investment advisors and consultants would be well served by reading and absorbing the concepts in this groundbreaking book. We do indeed live in a postmodern investment environment where the certainties of the last 50 years seem more and more untrustworthy. The book provides a strong framework for investing in a different era, using different tools, evolving strategies, and alternative assets. Advisors and consultants need to free themselves from the past in order to best serve their clients in the future."
—Sean R. Walters, CAE, CEO / Executive Director, Investment Management Consultants Association (IMCA)
"It is not often when a finance book comes along that promises to free our minds from past mistakes and prejudices. The authors remind us to observe economic reality as it truly is, and not be blinded by accounting conventions, or by considerations of computational efficiency or regulatory convenience. This is a provocative, seminal work and represents iconoclasm in the best scientific tradition."
—Robert F. De Rito, PhD, SVP, Head of Financial Risk Management, APG Asset Management US
"This book serves as a sorely needed guidebook to the 'postmodern' world of investing. Equities have disappointed investors over the last decade with low returns and high volatility. Fixed-income investments now offer the lowest yield levels in 30 years. The book explores the features of the wider investment choice set we need today—including hedge funds, managed futures, commodities, and private equity as well as new approaches to risk management and asset allocation. It also addresses the myths and misconceptions that can lead investors astray and to high opportunity costs."
—Joanne M. Hill, PhD, Head of Investment Strategy, ProShares Advisors LLC
"Good books are informative; great books are provocative, fascinating, and well ahead of their time. The authors have the ability to poke holes in much of the 'theory' that the market frequently confuses as 'fact' and provides insightful analysis on the current 'toolkit' available to today's investors, as well as helpful advice on how to use those tools appropriately. It should form the foundation of any investor's collection of portfolio management reference material."
—Scott Welch, Senior Managing Director, Investment Research & Strategy, Fortigent, LLC
"Traditional investment approaches still dominate the professional fund management industry even though these approaches have often struggled to make sense of the world as it has evolved in the last few years. The authors emphasize issues in the underlying performance and risk of multiple asset classes as well as issues in the application of various risk management and asset allocation approaches. Rather than giving us a framework for operating in the world as it was supposed to be, it gives us a framework for dealing with the world as it actually is."
—William Dinning, Head of Strategy, Kames Capital
Title: Post Modern Investment: Facts and Fallacies ...
Book Condition: New
Book Description Wiley, 2012. Book Condition: Very Good. 1st Edition. Great condition for a used book! Minimal wear. Bookseller Inventory # GRP93439316
Book Description Wiley, 2012. Book Condition: Good. 1st Edition. Ships from Reno, NV. Shows some signs of wear, and may have some markings on the inside. Bookseller Inventory # GRP96260535
Book Description Wiley. Book Condition: Acceptable. A readable copy. All pages are intact, and the cover is intact (the dust cover may be missing). Pages can include considerable notes in pen or highlighter. This item was a donation to Goodwill of Greater Washington. Thanks for your order from Goodwill of Greater Washington. Bookseller Inventory # E-07-03147
Book Description Wiley. Hardcover. Book Condition: Fine. 1118432231 Like New. Clean, Tight and Neat. Five star seller - Buy with confidence!. Bookseller Inventory # Z1118432231Z1
Book Description Book Condition: Like New. Book Condition: Like New. Bookseller Inventory # 97811184322352.0
Book Description Wiley, 2012. Hardcover. Book Condition: Very Good. Bookseller Inventory # P021118432231
Book Description Wiley, 2012. Hardcover. Book Condition: Like New. Bookseller Inventory # P011118432231
Book Description Book Condition: Brand New. Book Condition: Brand New. Bookseller Inventory # 97811184322351.0
Book Description Wiley, 2012. Hardcover. Book Condition: New. Bookseller Inventory # P111118432231
Book Description Wiley, 2012. Hardcover. Book Condition: New. book. Bookseller Inventory # M1118432231