Elevate your game in the face of challenging market conditions with this eye-opening guide to portfolio management
Investing Amid Low Expected Returns: Making the Most When Markets Offer the Least provides an evidence-based blueprint for successful investing when decades of market tailwinds are turning into headwinds.
For a generation, falling yields and soaring asset prices have boosted realized returns. However, this past windfall leaves retirement savers and investors now facing the prospect of record-low future expected returns. Emphasizing this pressing challenge, the book highlights the role that timeless investment practices – discipline, humility, and patience – will play in enabling investment success. It then assesses current investor practices and the body of empirical evidence to illuminate the building blocks for improving long-run returns in today’s environment and beyond. It concludes by reviewing how to put them together through effective portfolio construction, risk management, and cost control practices.
In this book, readers will also find:
The common investor responses so far to the low expected return challenge
Extensive empirical evidence on the critical ingredients of an effective portfolio: major asset class premia, illiquidity premia, style premia, and alpha
Discussions of the pros and cons of illiquid investments, factor investing, ESG investing, risk mitigation strategies, and market timing
Coverage of the whole top-down investment process – throughout the book endorsing humility in tactical forecasting and boldness in diversification
Ideal for institutional and active individual investors, Investing Amid Low Expected Returns is a timeless resource that enables investing with serenity even in harsher financial conditions.
0 有用 Lin 2022-10-29 17:58:25 广东
主要还是之前的那些内容,增加了低投资预期的说明,可是类似的观点说美股贵的很早就有了。
0 有用 GPGP 2023-11-19 22:51:11 上海
Antti Ilmanen基本就是我的老师了,yyds
0 有用 芸芸众 2024-03-03 16:17:15 北京
Antti Ilmanen的这两本书很棒,适合一起看,我觉得可以称之为机构投资者必读了。
3 有用 Tabris 2022-05-03 21:46:51
相比第一本,第二本更适合在回撤时拿来送客户。
0 有用 S.Z 2023-01-04 15:24:22 浙江
饥馑方知粮为宝,勒紧裤腰待大丰
0 有用 芸芸众 2024-03-03 16:17:15 北京
Antti Ilmanen的这两本书很棒,适合一起看,我觉得可以称之为机构投资者必读了。
0 有用 GPGP 2023-11-19 22:51:11 上海
Antti Ilmanen基本就是我的老师了,yyds
0 有用 S.Z 2023-01-04 15:24:22 浙江
饥馑方知粮为宝,勒紧裤腰待大丰
0 有用 Likebe 2022-12-29 15:40:59 北京
内容很多,就是太多
0 有用 Lin 2022-10-29 17:58:25 广东
主要还是之前的那些内容,增加了低投资预期的说明,可是类似的观点说美股贵的很早就有了。