Modern Investment Management: An Equilibrium Approach Contributor(s): Litterman, Bob (Author), Quantitative Resources Group (Author) |
|
ISBN: 0471124109 ISBN-13: 9780471124108 Publisher: Wiley OUR PRICE: $155.70 Product Type: Hardcover - Other Formats Published: July 2003 Annotation: PRAISE FOR Modern Investment Management "This powerful book brilliantly discovers the routes to superior investment results in the roots of economic theory. In the process, it combines elegance of presentation with the highest levels of lucidity. The authors offer lessons that neither the scholar nor the investor-in-action can afford to ignore." "In Modern Investment Management: An Equilibrium Approach, Bob Litterman and his colleagues at Goldman Sachs Asset Management provide the reader with a gentle introduction to modern financial theory and a survey of their own monumental contributions to theory and practice. The role of the late Fischer Black is amply noted." "This comprehensive guide to equilibrium investing is perhaps the finest demonstration of the relevance of financial theory to investment practice. Both the academy and industry owe a huge debt to this exceptionally talented team for reuniting their paths. Study this book carefully and keep it close at hand if you are serious about investing or teaching about it." "This book develops a powerful framework for making better investment decisions. The equilibrium approach frees you up to focus on what you know, without being blinded by what you don't know." "An invaluable investment manual ably supported by the highest-quality financial theory, but well peppered with common sense. The fund manager and the institutional investor ignore this book at their peril. It will be a key reference book for our pension plan." "This novel and ambitious book breaks new ground in demonstrating how modern investment theory can be refined and adapted to practice. The authors' experience as investment professionals in a sophisticated institutional setting lends much credibility to their skillful blending of rigorous analysis, intuition, and real-world application." |
Additional Information |
BISAC Categories: - Business & Economics | Finance - General - Business & Economics | Investments & Securities - General - Business & Economics | Entrepreneurship |
Dewey: 332.6 |
LCCN: 2002154126 |
Series: Wiley Finance |
Physical Information: 1.58" H x 7.36" W x 10.29" (2.82 lbs) 656 pages |
Descriptions, Reviews, Etc. |
Publisher Description: Dieser Band füllt eine echte Marktlücke. Goldman Sach's Modern Investment gibt eine Einführung in moderne Investment Management Verfahren, wie sie von Goldman Sachs Asset Management verwendet werden, um erstklassige Investitionsrenditen zu erzielen. Erläutert werden u.a. die moderne Portfoliotheorie (Portfoliodiversifikation zur Risikostreuung), Capital Asset Pricing (Verfahren zur Ermittlung des Risiko-Rendite-Austauschverhältnisses von Finanzanlagen, bei dem der unterschiedliche Risikogehalt von Finanztiteln berücksichtigt wird) sowie eine Reihe aktueller Themen wie z.B. strategische Portfoliostrukturierung, Risikobudgetierung und aktives Portfolio Management. Hier erhalten Sie die Mittel an die Hand, um die Goldman Sachs Asset Management Methode für sich selbst umzusetzen. Das von Fischer Black und Bob Litterman gemeinsam entwickelte Black-Litterman Asset Allocation Model gehört zu den angesehensten und meist verwendeten Modellen zur Portfoliostrukturierung. Litterman und seine Asset Management Group sind oft die treibende Kraft, wenn es um Portfoliostrukturierung und Investmententscheidungen der 100 international grö ten Pensionsfonds geht. |