Quantitative Value, + Web Site: A Practitioner's Guide to Automating Intelligent Investment and Eliminating Behavioral Errors

4.25 avg rating
( 381 ratings by Goodreads )
)  
9781118328071: Quantitative Value, + Web Site: A Practitioner's Guide to Automating Intelligent Investment and Eliminating Behavioral Errors
View all copies of this ISBN edition:
 
 

A must-read book on the quantitative value investment strategyLegendary investment gurus Warren Buffett and Ed Thorp represent different ends of the investing spectrum: one a value investor, the other a quant. While Buffett and Thorp have conflicting philosophical approaches, they agree that the market is beatable. In Quantitative Value, Wesley Gray and Tobias Carlisle take the best aspects from the disciplines of value investing and quantitative investing and apply them to a completely unique and winning approach to stock selection. As the authors explain, the quantitative value strategy offers a superior way to invest: capture the benefits of a value investing philosophy without the behavioral errors associated with "stock picking." To demystify their innovative approach, Gray and Carlisle outline the framework for quantitative value investing, including the four key elements the investment process: 
 
1) How to avoid stocks that can cause a permanent loss of capital: Learn how to uncover financial statement manipulation, fraud, and financial distress.
 
2) How to find stocks with the highest quality: Learn how to find strong economic franchises, and robust financial strength. Gray and Carlisle look at long term returns on capital and assets, free cash flow, and a variety of metrics related to margins and general financial strength.
 
3) The secret to finding deeply undervalued stocks: Does the price-to-earnings ratio find undervalued stocks better than free cash flow? Gray and Carlisle examine the historical data on over 50 valuation ratios, including some unusual metrics, rare multi-year averages, and uncommon combinations.
 
4) The five signals sent by smart money: The book uncovers the signals sent by insiders, short sellers, shareholder activists and institutional investment managers.
 
After detailing the quantitative value investment process, Gray and Carlisle conduct a historical test of the resulting quantitative value model. Their conclusions are surprising and counter-intuitive. 
 
The book includes a companion website that offers a monthly-updated screening tool to find stocks using the model outlined in the book, an updated back-testing tool, and a blog about recent developments in quantitative value investing. For any investor who wants to make the most of their time in today's complex marketplace, they should look no further than Quantitative Value.

"synopsis" may belong to another edition of this title.

From the Back Cover:

Quantitative Value offers investors a groundbreaking book and companion website that combines the best aspects of Warren Buffett's value investing philosophy with Ed Thorp's quantitative approach. By tapping into the strategies outlined in this book and delving into the companion website, savvy investors can harness the power of Gray and Carlisle's winning Quantitative Value approach to stock selection. Gray and Carlisle offer a blueprint for their unique investment strategy and show what it takes to capture the benefits of value investing and leave behavioral errors at the doorstep. The book is filled with solid advice for finding hidden investment gems that outperform over time. Gray and Carlisle also reveal their insiders' secrets for uncovering bargain prices in the marketplace and how to read the signals from smart money investors. Quantitative Value is your key to automating intelligent investment and eliminating behavioral errors.
 
Endorsements
 
"Gray and Carlisle take you behind the curtains to build a black box based on the best value minds in finance.  They combine academia's best ideas with the ideas of Buffet, Graham, and Thorp, to develop a quant system that performs in markets both good and bad."
 
--Mebane Faber, Author of The Ivy Portfolio and Portfolio Manager for Cambria Investment Management
 
"An elegant synthesis of Warren Buffett's value investment philosophy and Ed Thorp's quantitative approach. Quantitative Value belongs on every investor's bookshelf."
--Charles Mizrahi, Author of Getting Started in Value Investing & Editor of Hiddenvaluesalert.com
 
"Quantitative Value is the new guide to Graham-and-Doddsville. Gray and Carlisle synthesize the lessons of the great value investors to systematically identify high quality value stocks while avoiding common behavioral pitfalls."
--Tadas Viskanta, Founder and Editor, Abnormal Returns; Author of Abnormal Returns: Winning Strategies from the Frontlines of the Investment Blogosphere.
 
"Quantitative Value is a must read for those with a love of value investing and a desire to make the investment process less ad-hoc. A must read."
--Tony Tang, Ph.D., Global Macro Researcher and Portfolio Manager, AQR Capital Management
 
"We seek to marry Ed Thorp's quantitative approach to Warren Buffett's value investment philosophy." That's the approach we take in our Value Investing class at UC Davis and Quantitative Value will become required reading for our class. The book we wish we would have written!"
--Lonnie J. Rush and Jacob L. Taylor, Managing Partners of Farnam Street Investments and Visiting Professors at UC Davis Graduate School of Management
 
"A clear and concise vision of how the two dominant disciplines of modern investing (quant and value) can be combined in actionable ways that produce outsized returns over the market."
-Christopher Cole, CFA, Founder and Portfolio Manager, Artemis Capital Management LLC
 
"Gray and Carlisle successfully bridge the gap between fundamental and quantitative value investing--an extremely worthy endeavor and, likewise, an extremely rewarding read."
-- MacDuff Kuhnert, CFA, Quantitative Portfolio Manager, Causeway Capital Management LLC
 
"If you liked The Little Book that Beats the Market, you will love Quantitative Value. Gray and Carlisle take systematic value-based investing to the next level."
--Raife Giovinazzo, Ph.D., CFA, Research Analyst in Scientific Active Equity, Blackrock
 
"A must read for any investor. The book outlines a broad set of indicators, which can be used to form a quantitative strategy or supplement traditional fundamental analysis. These indicators have been tested by numerous academic studies and represent an invaluable toolset for any investor."
 
--Gil Sadka, Ph.D., Associate Professor of Accounting, Columbia Business School
 
This book is an excellent primer to quantitative investing. It combines insights from both academic luminaries and successful professional investors, and presents them in a clear, engaging manner. The authors rigorously back-test simple strategies that can be used by the individual as well as institutional investor. 
 
--Alex Edmans Ph.D., Associate Professor of Finance, The Wharton School, University of Pennsylvania

From the Inside Flap:

Legendary investment gurus Warren Buffett and Ed Thorp represent different ends of the investing spectrum: one a value investor, the other a quant. While Buffett and Thorp have conflicting philosophical approaches, they agree that the market is beatable. In Quantitative Value, Wesley Gray and Tobias Carlisle take the best aspects from the disciplines of value investing and quantitative investing and apply them to a completely unique and winning approach to stock selection. As the authors explain, the quantitative value strategy offers a superior way to invest: capture the benefits of a value investing philosophy without the behavioral errors associated with "stock picking." To demystify their innovative approach, Gray and Carlisle outline the framework for quantitative value investing, including the four key elements the investment process:
 
1) How to avoid stocks that can cause a permanent loss of capital: Learn how to uncover financial statement manipulation, fraud, and financial distress.
 
2) How to find stocks with the highest quality: Learn how to find strong economic franchises, and robust financial strength. Gray and Carlisle look at long term returns on capital and assets, free cash flow, and a variety of metrics related to margins and general financial strength.
 
3) The secret to finding deeply undervalued stocks: Does the price-to-earnings ratio find undervalued stocks better than free cash flow? Gray and Carlisle examine the historical data on over 50 valuation ratios, including some unusual metrics, rare multi-year averages, and uncommon combinations.
 
4) The five signals sent by smart money: The book uncovers the signals sent by insiders, short sellers, shareholder activists and institutional investment managers.
 
After detailing the quantitative value investment process, Gray and Carlisle conduct a historical test of the resulting quantitative value model. Their conclusions are surprising and counter-intuitive.
 
The book includes a companion website that offers a monthly-updated screening tool to find stocks using the model outlined in the book, an updated back-testing tool, and a blog about recent developments in quantitative value investing. For any investor who wants to make the most of their time in today's complex marketplace, they should look no further than Quantitative Value.

"About this title" may belong to another edition of this title.

Other Popular Editions of the Same Title

9781119051695: Quantitative Value: A Practitioner's Guide to Automating Intelligent Investment and Eliminating Behavioral Errors (Wiley Finance)

Featured Edition

ISBN 10:  111905169X ISBN 13:  9781119051695
Publisher: John Wiley & Sons Inc
Hardcover

Top Search Results from the AbeBooks Marketplace

1.

Wesley Gray
Published by Wiley (2012)
ISBN 10: 1118328078 ISBN 13: 9781118328071
New Hardcover Quantity Available: 1
Seller:
Book Deals
(Lewiston, NY, U.S.A.)

Book Description Wiley, 2012. Hardcover. Condition: BRAND NEW. Seller Inventory # 1118328078_abe_bn

More information about this seller | Contact this seller

Buy New
US$ 54.85
Convert currency

Add to Basket

Shipping: FREE
Within U.S.A.
Destination, rates & speeds

2.

Wesley Gray; Tobias Carlisle
Published by Wiley (2012)
ISBN 10: 1118328078 ISBN 13: 9781118328071
New Hardcover Quantity Available: 1
Seller:
Ergodebooks
(RICHMOND, TX, U.S.A.)

Book Description Wiley, 2012. Hardcover. Condition: New. Seller Inventory # DADAX1118328078

More information about this seller | Contact this seller

Buy New
US$ 52.91
Convert currency

Add to Basket

Shipping: US$ 1.99
Within U.S.A.
Destination, rates & speeds

3.

Wesley Gray", "Tobias Carlisle"
Published by Wiley (2012)
ISBN 10: 1118328078 ISBN 13: 9781118328071
New Hardcover Quantity Available: 20
Seller:
booksXpress
(Freehold, NJ, U.S.A.)

Book Description Wiley, 2012. Hardcover. Condition: new. Seller Inventory # 9781118328071

More information about this seller | Contact this seller

Buy New
US$ 57.54
Convert currency

Add to Basket

Shipping: FREE
Within U.S.A.
Destination, rates & speeds

4.

Wesley R. Gray, Tobias E. Carlisle
Published by John Wiley & Sons Inc, United States (2012)
ISBN 10: 1118328078 ISBN 13: 9781118328071
New Hardcover First Edition Quantity Available: 1
Seller:
Book Depository International
(London, United Kingdom)

Book Description John Wiley & Sons Inc, United States, 2012. Hardback. Condition: New. 1. Auflage. Language: English. Brand new Book. A must-read book on the quantitative value investment strategy Warren Buffett and Ed Thorp represent two spectrums of investing: one value driven, one quantitative. Where they align is in their belief that the market is beatable. This book seeks to take the best aspects of value investing and quantitative investing as disciplines and apply them to a completely unique approach to stock selection. Such an approach has several advantages over pure value or pure quantitative investing. This new investing strategy framed by the book is known as quantitative value, a superior, market-beating method to investing in stocks. Quantitative Value provides practical insights into an investment strategy that links the fundamental value investing philosophy of Warren Buffett with the quantitative value approach of Ed Thorp. It skillfully combines the best of Buffett and Ed Thorp weaving their investment philosophies into a winning, market-beating investment strategy.* First book to outline quantitative value strategies as they are practiced by actual market practitioners of the discipline * Melds the probabilities and statistics used by quants such as Ed Thorp with the fundamental approaches to value investing as practiced by Warren Buffett and other leading value investors * A companion Website contains supplementary material that allows you to learn in a hands-on fashion long after closing the book If you're looking to make the most of your time in today's markets, look no further than Quantitative Value. Seller Inventory # AAS9781118328071

More information about this seller | Contact this seller

Buy New
US$ 63.61
Convert currency

Add to Basket

Shipping: FREE
From United Kingdom to U.S.A.
Destination, rates & speeds

5.

Tobias Carlisle
ISBN 10: 1118328078 ISBN 13: 9781118328071
New Quantity Available: 1
Seller:
GoldBooks
(Denver, CO, U.S.A.)

Book Description Condition: new. Seller Inventory # think1118328078

More information about this seller | Contact this seller

Buy New
US$ 66.67
Convert currency

Add to Basket

Shipping: FREE
Within U.S.A.
Destination, rates & speeds

6.

Wesley R. Gray
Published by John Wiley and#38; Sons (2013)
ISBN 10: 1118328078 ISBN 13: 9781118328071
New Quantity Available: 5
Seller:
Paperbackshop-US
(Wood Dale, IL, U.S.A.)

Book Description John Wiley and#38; Sons, 2013. HRD. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # FW-9781118328071

More information about this seller | Contact this seller

Buy New
US$ 67.90
Convert currency

Add to Basket

Shipping: FREE
Within U.S.A.
Destination, rates & speeds

7.

Gray, Wes; Carlisle, Tobias
ISBN 10: 1118328078 ISBN 13: 9781118328071
New Quantity Available: 5
Seller:
GreatBookPricesUK
(Castle Donington, DERBY, United Kingdom)

Book Description Condition: New. Seller Inventory # 15629523-n

More information about this seller | Contact this seller

Buy New
US$ 53.33
Convert currency

Add to Basket

Shipping: US$ 18.74
From United Kingdom to U.S.A.
Destination, rates & speeds

8.

Wesley R Gray (author), Tobias E Carlisle (author)
Published by John Wiley & Sons, Inc. 2013-02-08, Hoboken, New Jersey (2013)
ISBN 10: 1118328078 ISBN 13: 9781118328071
New Hardcover Quantity Available: 1
Seller:
Blackwell's
(Oxford, OX, United Kingdom)

Book Description John Wiley & Sons, Inc. 2013-02-08, Hoboken, New Jersey, 2013. hardback. Condition: New. Seller Inventory # 9781118328071

More information about this seller | Contact this seller

Buy New
US$ 67.00
Convert currency

Add to Basket

Shipping: US$ 6.23
From United Kingdom to U.S.A.
Destination, rates & speeds

9.

Wesley R. Gray, Tobias E. Carlisle
Published by John Wiley & Sons Inc, United States (2012)
ISBN 10: 1118328078 ISBN 13: 9781118328071
New Hardcover First Edition Quantity Available: 10
Seller:
Book Depository hard to find
(London, United Kingdom)

Book Description John Wiley & Sons Inc, United States, 2012. Hardback. Condition: New. 1. Auflage. Language: English. Brand new Book. A must-read book on the quantitative value investment strategy Warren Buffett and Ed Thorp represent two spectrums of investing: one value driven, one quantitative. Where they align is in their belief that the market is beatable. This book seeks to take the best aspects of value investing and quantitative investing as disciplines and apply them to a completely unique approach to stock selection. Such an approach has several advantages over pure value or pure quantitative investing. This new investing strategy framed by the book is known as quantitative value, a superior, market-beating method to investing in stocks. Quantitative Value provides practical insights into an investment strategy that links the fundamental value investing philosophy of Warren Buffett with the quantitative value approach of Ed Thorp. It skillfully combines the best of Buffett and Ed Thorp weaving their investment philosophies into a winning, market-beating investment strategy.* First book to outline quantitative value strategies as they are practiced by actual market practitioners of the discipline * Melds the probabilities and statistics used by quants such as Ed Thorp with the fundamental approaches to value investing as practiced by Warren Buffett and other leading value investors * A companion Website contains supplementary material that allows you to learn in a hands-on fashion long after closing the book If you're looking to make the most of your time in today's markets, look no further than Quantitative Value. Seller Inventory # BZV9781118328071

More information about this seller | Contact this seller

Buy New
US$ 76.44
Convert currency

Add to Basket

Shipping: FREE
From United Kingdom to U.S.A.
Destination, rates & speeds

10.

Wesley Gray, Tobias Carlisle
Published by Wiley (2012)
ISBN 10: 1118328078 ISBN 13: 9781118328071
New Hardcover Quantity Available: 2
Seller:
Save With Sam
(North Miami, FL, U.S.A.)

Book Description Wiley, 2012. Hardcover. Condition: New. Brand New!. Seller Inventory # VIB1118328078

More information about this seller | Contact this seller

Buy New
US$ 80.66
Convert currency

Add to Basket

Shipping: FREE
Within U.S.A.
Destination, rates & speeds

There are more copies of this book

View all search results for this book