Your Complete Guide to Factor-Based Investing: The Way Smart Money Invests Today
| Author | : | |
| Rating | : | 4.70 (824 Votes) |
| Asin | : | B01N7FCW2D |
| Format Type | : | |
| Number of Pages | : | 193 Pages |
| Publish Date | : | 2015-03-21 |
| Language | : | English |
DESCRIPTION:
Not enough implementation details Justus Pendleton The authors provide a very good summary of the research on 6 factors: size, value, momentum, profitability/quality, term, and carry. For those who don't follow the latest academic research this is great. Much of the research is pretty recent -- you'll notice that a lot of the quoted studies were only published in 2015 or 2016 -- meaning there really isn't any other book out there that covers factor research like this.For each . 5 Equity Factors, 5 Criteria To Evaluate Them, 1 Great Addition To Your Investing Library Dave P This is an outstanding addition to anyone's investing library. It is a must read for any individual investor or financial advisor interested in understanding modern investing. Over the last two decades there has been a huge shift in popular investing from active management to passive index funds. Modern investing has now moved beyond a single market factor world though. Market beta explains perhaps 60-70% of a portfolio's retu. "Clear, Timely, and Well-Organized. And a bargain at $12.99" according to Robert Martorana. I've been a CFA since 1989 and I learned a lot from this book.It's well organized, beginning with an introduction that defines the topic, its scope, and its importance. The foreword by Cliff Asness is a great read by itself: Asness compliments the book's simple genius, and he offers insightful context in his typically witty fashion.Each chapter has clear definitions and a systematic review of factors using the same quantitativ
He holds an MBA in finance and investment from New York University and a bachelor's degree in finance from Baruch College. Berkin. About the Author Andrew L. Berkin, Ph.D., is director of research for Bridgeway Capital Management, which offers expertly designed investment building blocks for select institutions and advisors. He earned a doctoral degree in physics from the University of Texas and received his bachelor's degree with honors in physics from the California Institute of Technology. Larry was among the first authors to publish a book that explained the science of investing in layman's terms, "The Only Guide to a Winning Investment Strategy You'll Ever Need." He has since authored seven more books and co-authored seven other books, including "The Incredible Shrinking Alpha: And What You Can Do to Escape Its Clutches" with Andrew L. . Swedroe is director of research for Buckingham and The BAM ALLIANCE. Andrew has published numerous research articles in physics, computer scien
He earned a doctoral degree in physics from the University of Texas and received his bachelor's degree with honors in physics from the California Institute of Technology. Andrew has published numerous research articles in physics, computer science, and investing and serves on the editorial board of the Financial Analysts Journal. Swedroe is director of research for B
Designed for savvy investors and professional advisors alike, Your Complete Guide to Factor-Based Investing: The Way Smart Money Invests Today takes you on a journey through the land of academic research and an extensive review of its 50-year quest to uncover the secret of successful investing.Along the way, Swedroe and Berkin cite and distill more than 100 academic papers on finance and introduce five unique criteria that a factor (at its most basic, a characteristic or set of characteristics common among a broad set of securities) must meet to be considered worthy of your investment. There are hundreds of exhibits in the investment “factor zoo.” Which ones are actually worth your time, and your money?Larry Swedroe and Andrew Berkin, co-authors of The Incredible Shrinking Alpha, bring you a thorough yet still jargon-free and accessible guide to applying one of today’s most valuable quantitative, evidence-based approaches to outperforming the market: factor investing. In addition to providing explanatory power to portfolio returns and delivering a premium, Swedroe and Berkin argue a factor should be persistent, pervasive, robust, investable and intuitive.By the end, you&