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Auteur Andrew W. LO |
Documents disponibles écrits par cet auteur (3)
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In Pursuit of the Perfect Portfolio : The Stories, Voices, and Key Insights of the Pioneers Who Shaped the Way We Invest / Andrew W. LO / Princeton University Press (2021)
Titre : In Pursuit of the Perfect Portfolio : The Stories, Voices, and Key Insights of the Pioneers Who Shaped the Way We Invest Type de document : e-book Auteurs : Andrew W. LO Editeur : Princeton University Press Année de publication : 2021 ISBN/ISSN/EAN : 9780691215204 Note générale : copyrighted Langues : Anglais (eng) Résumé : How the greatest thinkers in finance changed the field and how their wisdom can help investors todayIs there an ideal portfolio of investment assets, one that perfectly balances risk and reward? In Pursuit of the Perfect Portfolio examines this question by profiling and interviewing ten of the most prominent figures in the finance world—Jack Bogle, Charley Ellis, Gene Fama, Marty Leibowitz, Harry Markowitz, Bob Merton, Myron Scholes, Bill Sharpe, Bob Shiller, and Jeremy Siegel. We learn about the personal and intellectual journeys of these luminaries—which include six Nobel Laureates and a trailblazer in mutual funds—and their most innovative contributions. In the process, we come to understand how the science of modern investing came to be. Each of these finance greats discusses their idea of a perfect portfolio, offering invaluable insights to today’s investors.Inspiring such monikers as the Bond Guru, Wall Street’s Wisest Man, and the Wizard of Wharton, these pioneers of investment management provide candid perspectives, both expected and surprising, on a vast array of investment topics—effective diversification, passive versus active investment, security selection and market timing, foreign versus domestic investments, derivative securities, nontraditional assets, irrational investing, and so much more. While the perfect portfolio is ultimately a moving target based on individual age and stage in life, market conditions, and short- and long-term goals, the fundamental principles for success remain constant.Aimed at novice and professional investors alike, In Pursuit of the Perfect Portfolio is a compendium of financial wisdom that no market enthusiast will want to be without. Nombre d'accès : Illimité En ligne : https://neoma-bs.idm.oclc.org/login?url=https://www.scholarvox.com/book/88918131 Permalink : https://cataloguelibrary.neoma-bs.fr/index.php?lvl=notice_display&id=536084 Adaptive Markets : Financial Evolution at the Speed of Thought / Andrew W. LO / Princeton University Press (2019)
Titre : Adaptive Markets : Financial Evolution at the Speed of Thought Type de document : e-book Auteurs : Andrew W. LO Editeur : Princeton University Press Année de publication : 2019 ISBN/ISSN/EAN : 9780691191362 Note générale : copyrighted Langues : Anglais (eng) Résumé : A new, evolutionary explanation of markets and investor behaviorHalf of all Americans have money in the stock market, yet economists can't agree on whether investors and markets are rational and efficient, as modern financial theory assumes, or irrational and inefficient, as behavioral economists believe. The debate is one of the biggest in economics, and the value or futility of investment management and financial regulation hangs on the answer. In this groundbreaking book, Andrew Lo transforms the debate with a powerful new framework in which rationality and irrationality coexist?the Adaptive Markets Hypothesis. Drawing on psychology, evolutionary biology, neuroscience, artificial intelligence, and other fields, Adaptive Markets shows that the theory of market efficiency is incomplete. When markets are unstable, investors react instinctively, creating inefficiencies for others to exploit. Lo's new paradigm explains how financial evolution shapes behavior and markets at the speed of thought?a fact revealed by swings between stability and crisis, profit and loss, and innovation and regulation. An ambitious new answer to fundamental questions about economics and investing, Adaptive Markets is essential reading for anyone who wants to understand how markets really work. Nombre d'accès : Illimité En ligne : https://neoma-bs.idm.oclc.org/login?url=https://www.scholarvox.com/book/88868954 Permalink : https://cataloguelibrary.neoma-bs.fr/index.php?lvl=notice_display&id=485376
Titre : A Non-Random Walk Down Wall Street Type de document : e-book Auteurs : Andrew W. LO Editeur : Princeton University Press Année de publication : 2011 ISBN/ISSN/EAN : 9780691057743 Note générale : copyrighted Langues : Anglais (eng) Résumé : For over half a century, financial experts have regarded the movements of markets as a random walk--unpredictable meanderings akin to a drunkard's unsteady gait--and this hypothesis has become a cornerstone of modern financial economics and many investment strategies. Here Andrew W. Lo and A. Craig MacKinlay put the Random Walk Hypothesis to the test. In this volume, which elegantly integrates their most important articles, Lo and MacKinlay find that markets are not completely random after all, and that predictable components do exist in recent stock and bond returns. Their book provides a state-of-the-art account of the techniques for detecting predictabilities and evaluating their statistical and economic significance, and offers a tantalizing glimpse into the financial technologies of the future. The articles track the exciting course of Lo and MacKinlay's research on the predictability of stock prices from their early work on rejecting random walks in short-horizon returns to their analysis of long-term memory in stock market prices. A particular highlight is their now-famous inquiry into the pitfalls of "data-snooping biases" that have arisen from the widespread use of the same historical databases for discovering anomalies and developing seemingly profitable investment strategies. This book invites scholars to reconsider the Random Walk Hypothesis, and, by carefully documenting the presence of predictable components in the stock market, also directs investment professionals toward superior long-term investment returns through disciplined active investment management. Nombre d'accès : Illimité En ligne : https://neoma-bs.idm.oclc.org/login?url=https://www.scholarvox.com/book/88935192 Permalink : https://cataloguelibrary.neoma-bs.fr/index.php?lvl=notice_display&id=556865
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