The investor's dilemma

how mutual funds are betraying your trust and what to do about it

'Not since Graham and Dodd has an author defined investment principles as clearly as Lou Lowenstein in "The Investor's Dilemma". Not only does he comprehensively dissect the ways careless and impulsive investors have been misled and cheated by self-serving fund managements, but Lowenstein names ...

Hedge funds

an analytic perspective

The hedge-fund industry has grown dramatically over the last two decades, with more than eight thousand funds now controlling close to two trillion dollars. Originally intended for the wealthy, these private investments have now attracted a much broader following that includes pension funds and retail ...

Fooling some of the people all of the time

a long short story

Fooling Some of the People All of the Time is the gripping chronicle of the ongoing saga between author David Einhorn#s hedg fund, Greenlight Capital, and Allied Capital, a leader in the private finance industry. Page by page, it delves deep inside Wall Street ...

Investors and markets

portfolio choices, asset prices, and investment advice

In "Investors and Markets", Nobel Prize-winning financial economist William Sharpe shows that investment professionals cannot make good portfolio choices unless they understand the determinants of asset prices. But until now asset-price analysis has largely been inaccessible to everyone except PhDs in financial economics. In this ...

The econometric analysis of hedge fund returns

an errors-in-variables perspective

In this book, we present several new empirical models and new estimation methods for financial models of returns. Our new empirical models are based on a generalized version of the Hausman test using higher moments and cumulants. Our methods rely on higher moments and cumulants ...

ETFs for the long run

what they are, how they work, and simple strategies fro successful long-term investing

Praise for "ETFs For The Long Run": 'As the title of the book suggests, ETFs are going to be an increasingly important reality for a broad class of investors in coming years. This book offers the reader real understanding of this growing force in our ...

Annuity markets

The Pension Crisis concerns the changing demographic profile of the economy: an increasing number of elderly persons supported by fewer young people. Governments around the world are responding to this impending crisis by shifting their pension policies away from pay-as- you-go systems towards individual savings ...

Fundamentos de inversión

La obra se ha elaborado bajo la motivación de que sea un material de apoyo básico en la preparación, por parte del alumno de la UNED, de esta disciplina. Así, entre sus contenidos, destacamos la visión esquemática de cada uno de los temas de forma ...

Conocer los productos financieros de inversión colectiva

tipos de fondos y sociedades de inversión, fondos de gestión alternativa, análisis y selección

Conocer los productos financieros de inversión colectivapresenta y analiza los productos de inversión colectiva que son los grandes canalizadores del ahorro y por tanto también son las instituciones de mayor poder inversor.

Investing in an uncertain economy for dummies

"Investing in an Uncertain Economy For Dummies" provides investors with focused, individualized investment strategies that enable them to conquer indecision and protect and strengthen their current financial holdings. With advice from 200 top independent financial advisors, empowered readers can make effective asset allocation decisions in ...

Fundamentos de inversiones

Fundamentos de inversiones se centra en el inversionista individual. Este enfoque proporciona a los lectores la información que necesitan para desarrollar, implementar y supervisar un programa de inversión exitoso. También proporciona un fundamento sólido de conceptos, herramientas y técnicas básicas. Los usuarios del libro han ...

Market risk management for hedge funds

foundations of the style and implicit value-at-risk

This book provides a cutting edge introduction to market risk management for Hedge Funds, Hedge Funds of Funds, and the numerous new indices and clones launching coming to market on a near daily basis. It will present the fundamentals of quantitative risk measures by analysing ...

Alternative Beta strategies and hedge fund replication

There is a buzzword that has quickly captured the imagination of product providers and investors alike: 'hedge fund replication'. In the broadest sense, replicating hedge fund strategies means replicating their return sources and corresponding risk exposures. However, there still lacks a coherent picture on what ...

A demon of our own design

markets, hedge funds, and the perils of financial innovation

This title deals with topics such as: inside markets, innovation, and risk. Why do markets keep crashing and why are financial crises greater than ever before? As the risk manager to some of the leading firms on Wall Street - from Morgan Stanley to Salomon and ...

Los cuatro pilares de la inversión

fundamentos para construir una cartera ganadora

Invertir no es azar ni casualidad, ni para ello se requiere excesiva inteligencia. Es, más bien, un viaje en el que se va de la mano de brockers, periodistas, especuladores y empresas que, seguramente, tendrán intereses opuestos a los suyos. Los cuatro pilares de la ...

Getting started in investment analysis

This is a straightforward and accessible guide to the discipline of investment analysis. "Getting Started in Investment Analysis" is an approachable introduction to this important topic. It quickly teaches readers how to make overall judgments on investment data without having to do complicated statistical analysis ...

The new day trader advantage

sane, smart, and stable finding the daily trades that make you rich

With patience comes profitability - this is the creed of the new day trader. Investors are abuzz about the rebirth of the day trader: rather than trading volatile stocks multiple times in a single day, extremely active traders are now holding onto investments longer, relying more ...

Candlestick chating for dummies

This book is packed with charts and real-world trading examples. It helps you translate candlestick patterns and use them to predict market behavior. Want to gain a trading edge with candlestick charts, but find them confusing? No worries - this friendly, practical guide explains candlestick charting ...

Gane dinero operando en bolsa

Esta obra no pretende convertirle en un analista, que pueda competir con otras personas en conocimiento bursátil, tampoco va a cambiarle la vida. Precisamente, se trata de que usted mantenga su ritmo normal de vida pero con una preocupación menos: la de saber si sus ...

The secret code of japanese candlesticks

This is a simple guide for using Japanese candlesticks correctly, and profitably. Candlesticks have gotten a lot of attention lately, but few traders truly know how to use them wisely and profitably. Without the proper context, candlestick charting won't work. In this book, technical ...