The Incredible Shrinking Alpha 2nd edition

The Incredible Shrinking Alpha 2nd edition
Author: Andrew L. Berkin
Publisher: Harriman House Limited
Total Pages: 220
Release: 2020-08-25
Genre: Business & Economics
ISBN: 0857198254
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Active managers persistently lag the returns of benchmarks and index funds that track them, with the excuses for underperformance recycled every year. This comprehensive book is the antidote for the active managers’ siren song. If you understand the benefits of indexing, or systematic investing, it will reinforce your commitment while increasing your knowledge. If you don’t yet believe, Swedroe and Berkin provide a compelling case that you’re playing the loser’s game of active management. Alpha, or outperformance against appropriate risk-adjusted benchmarks, is shrinking as it gets converted into beta, or factor exposures. They demonstrate that even for the most talented managers, their ability to add value is waning because: the amount of alpha available is declining; it must be split among an increasing amount of investment dollars; and the competition is getting tougher. In this greatly expanded second edition, Swedroe and Berkin show you how to develop an investment plan that focuses on what risks to take, and how much of them, as well as how to build a diversified portfolio. They present a list of vehicles to consider when implementing your plan and provide guidance on the care and maintenance of your portfolio. As a bonus they add appendices that will make you a more informed and, therefore, better investor. This makes The Incredible Shrinking Alpha a complete guide to successful investment strategy.

Millionaire Expat

Millionaire Expat
Author: Andrew Hallam
Publisher: John Wiley & Sons
Total Pages: 339
Release: 2022-01-18
Genre: Business & Economics
ISBN: 1119840104
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Build your strongest-ever portfolio from anywhere in the world Now in its third edition, Millionaire Expat is the world’s most trusted, bestselling guide for expat investors. It shows readers how to protect themselves from financial sharks and build effective portfolios that maximize profits and tax efficiency. This updated guide includes model portfolios of ETFs or index funds. It recommends subtle differences for investors based on nationality, while explaining why all-in-one portfolio funds are even simpler and more profitable than individual ETFs. Millionaire Expat also provides investment models for socially responsible funds. Best of all, this book is specific. Author Andrew Hallam doesn’t just offer theory. He shows you exactly what to buy and where to buy it from. He explains how much you should sell each year, upon retirement, and discusses repatriation: showing how different countries deal with the taxation of portfolios that were built abroad. And if you’re looking for a hands-free approach, Millionaire Expat offers something for you as well: lists of roboadvisors and full-service financial firms that offer guidance and build portfolios of ETFs and index funds. But what if you started investing late and can’t afford to retire? In that case, Andrew Hallam has you covered. He profiles several low-cost countries that are popular with expats. He explains what countries are great for Global Nomads and for retirees looking for tax breaks, safety, solid health care systems and a low-cost, enjoyable standard of living. Millionaire Expat (3rd edition) is an entertaining guide, showing readers how to maximize their money and their life satisfaction based on simple, smart investing and their choice of retirement destination. Author Andrew Hallam was a high school teacher who built a million-dollar portfolio—on a teacher's salary. He knows how everyday people can achieve success in the market. In Millionaire Expat, he tailors his best advice to the unique needs of those living overseas to give you the targeted, real-world guidance you need.

Enrich Your Future

Enrich Your Future
Author: Larry E. Swedroe
Publisher: John Wiley & Sons
Total Pages: 326
Release: 2024-02-28
Genre: Business & Economics
ISBN: 1394245440
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Create a winning portfolio by understanding the realities of modern investing In Enrich Your Future: The Keys to Successful Investing, prolific author and investor Larry Swedroe shines light on the foundation of modern investing, enabling readers to create winning portfolios through simple yet effective strategies. Through a combination of analogies, personal anecdotes, and empirical evidence from peer reviewed journals, the book clearly explains how to play the winner’s game, instead of simply following the crowd, speculating, and making brokers and fund families wealthy in the process. The book begins by first explaining how to put your portfolio on the right path, then how to keep a steady course during market uncertainty, when many investors fall victim to human nature, lose perspective, and make incorrect investment decisions based on fear and greed. In this book, readers will learn: How prices of securities are established and why it's so difficult to outperform on a risk-adjusted basis How to navigate various key decision points when designing your portfolio How to develop a conceptually sound investment strategy and reach your financial goals faster How playing the winner’s game in investing will improve the quality of your life as well. Revealing the true nature of the modern financial market and changing the way readers approach investing in general, Enrich Your Future: The Keys to Successful Investing is an essential guide for individual investors and financial advisors seeking to make more informed and prudent investment decisions.

The Coffeehouse Investor's Ground Rules

The Coffeehouse Investor's Ground Rules
Author: Bill Schultheis
Publisher: John Wiley & Sons
Total Pages: 160
Release: 2020-10-30
Genre: Business & Economics
ISBN: 1119718058
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PRAISE FOR THE COFFEEHOUSE INVESTOR'S GROUND RULES "Bill Schultheis approaches financial matters with so much wisdom and heart. His valuable message? Save, plan, and keep it simple, then get on with what really matters to you. This small-but-mighty volume is the perfect gift for loved ones looking to find their financial footing—and enrich their lives over their next coffee break." —CHRISTINE BENZ, Director of Personal Finance, Morningstar, Inc. "Bill Schultheis has given readers something new: a book about index investing for people who like words and stories more than numbers and tables. Don't miss his 'Outfox the Box' illustration. It makes the case for index investing in two pictures. Along the way, he turns index investing into an easy-going philosophy of life." —SCOTT BURNS, creator, Couch Potato Investing; Personal Finance Columnist "The Coffeehouse Investor's Ground Rules is a worthy addition to Bill Schultheis' first Coffeehouse Investor book. This latest book, written during a world-wide pandemic, proves the timeless wisdom of Coffeehouse investing in all type of markets. Unlike most investment books targeted only at making money, Bill shows us how to use our wealth to also achieve personal happiness." —TAYLOR LARIMORE, author, The Bogleheads' Guide to the Three-Fund Portfolio "The Coffeehouse Investor's Ground Rules will entertain and inspire you to take control of your financial destiny." —PETER LAZAROFF, author, Making Money Simple: The Complete Guide to Getting Your Financial House in Order and Keeping It That Way Forever "Bill Schultheis' The Coffeehouse Investor's Ground Rules book is both delightful and profound. You will delight in Bill's many stories, and you will learn profound lessons. Save, invest, plan, and always remember that wealth is only a waystation to happiness." —MEIR STATMAN, Glenn Klimek Professor of Finance, Leavy School of Business, Santa Clara University

Knowledge Resistance in High-Choice Information Environments

Knowledge Resistance in High-Choice Information Environments
Author: Jesper Strömbäck
Publisher: Taylor & Francis
Total Pages: 316
Release: 2022-05-23
Genre: Language Arts & Disciplines
ISBN: 1000599167
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This book offers a truly interdisciplinary exploration of our patterns of engagement with politics, news, and information in current high-choice information environments. Putting forth the notion that high-choice information environments may contribute to increasing misperceptions and knowledge resistance rather than greater public knowledge, the book offers insights into the processes that influence the supply of misinformation and factors influencing how and why people expose themselves to and process information that may support or contradict their beliefs and attitudes. A team of authors from across a range of disciplines address the phenomena of knowledge resistance and its causes and consequences at the macro- as well as the micro-level. The chapters take a philosophical look at the notion of knowledge resistance, before moving on to discuss issues such as misinformation and fake news, psychological mechanisms such as motivated reasoning in processes of selective exposure and attention, how people respond to evidence and fact-checking, the role of political partisanship, political polarization over factual beliefs, and how knowledge resistance might be counteracted. This book will have a broad appeal to scholars and students interested in knowledge resistance, primarily within philosophy, psychology, media and communication, and political science, as well as journalists and policymakers. The Open Access version of this book, available at www.taylorfrancis.com, has been made available under a Creative Commons Attribution-Non Commercial-No Derivatives 4.0 license.

Your Complete Guide to a Successful and Secure Retirement

Your Complete Guide to a Successful and Secure Retirement
Author: Larry E. Swedroe
Publisher: Harriman House Limited
Total Pages: 239
Release: 2021-02-23
Genre: Business & Economics
ISBN: 0857198386
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Fully revised and updated second edition. This is your one-stop, definitive resource as you prepare for a secure and comfortable retirement. Investment and personal finance experts Larry Swedroe and Kevin Grogan present uniquely comprehensive coverage of every important aspect you need to think about as you approach retirement, including: Social Security, Medicare, investment planning strategy, portfolio maintenance, preparing your heirs, retirement issues faced by women, the threat of elder financial abuse, going beyond financials to think about your happiness, and much more. These topics are explained with the help of specialists in each subject. And everything is based on the "science of investing" – evidenced with studies from peer-reviewed journals. Overall, this adds up to a complete retirement guide, packed with the latest and best knowledge. Don't enter your retirement without it.

The Incredible Shrinking Alpha

The Incredible Shrinking Alpha
Author: Larry E. Swedroe
Publisher: Buckingham
Total Pages: 0
Release: 2015
Genre: Business & Economics
ISBN: 9780692336519
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Alpha still exists! But that doesn't mean it is easy to find, or even worth the pursuit. Larry Swedroe, author of the bestselling series of "The Only Guide" investment books, and co-author Andrew Berkin bring you the quantitatively chilling tale of "The Incredible Shrinking Alpha." As aficionados of classic science fiction, Swedroe and Berkin saw similarities between the monumental struggle of Scott Carey, novelist Richard Matheson's Incredible Shrinking Man, and that of every individual investor trying to beat the market. Swedroe and Berkin explain in academic yet simple terms what is happening to the alpha for which so many investors yearn. Offering compelling data from decades of academic research, Swedroe and Berkin present the hard truth as they know it - it's not worth the time or effort spent battling to win those few extra cake crumbs. Instead, focus on the things you can control and discover what life has to offer beyond the quest for alpha.

Your Essential Guide to Quantitative Hedge Fund Investing

Your Essential Guide to Quantitative Hedge Fund Investing
Author: Marat Molyboga
Publisher: CRC Press
Total Pages: 317
Release: 2023-07-18
Genre: Mathematics
ISBN: 100090461X
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Your Essential Guide to Quantitative Hedge Fund Investing provides a conceptual framework for understanding effective hedge fund investment strategies. The book offers a mathematically rigorous exploration of different topics, framed in an easy to digest set of examples and analogies, including stories from some legendary hedge fund investors. Readers will be guided from the historical to the cutting edge, while building a framework of understanding that encompasses it all. Features Filled with novel examples and analogies from within and beyond the world of finance Suitable for practitioners and graduate-level students with a passion for understanding the complexities that lie behind the raw mechanics of quantitative hedge fund investment A unique insight from an author with experience of both the practical and academic spheres.

The WEALTHTECH Book

The WEALTHTECH Book
Author: Susanne Chishti
Publisher: John Wiley & Sons
Total Pages: 336
Release: 2018-07-23
Genre: Business & Economics
ISBN: 1119362156
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Get a handle on disruption, innovation and opportunity in investment technology The digital evolution is enabling the creation of sophisticated software solutions that make money management more accessible, affordable and eponymous. Full automation is attractive to investors at an early stage of wealth accumulation, but hybrid models are of interest to investors who control larger amounts of wealth, particularly those who have enough wealth to be able to efficiently diversify their holdings. Investors can now outperform their benchmarks more easily using the latest tech tools. The WEALTHTECH Book is the only comprehensive guide of its kind to the disruption, innovation and opportunity in technology in the investment management sector. It is an invaluable source of information for entrepreneurs, innovators, investors, insurers, analysts and consultants working in or interested in investing in this space. • Explains how the wealth management sector is being affected by competition from low-cost robo-advisors • Explores technology and start-up company disruption and how to delight customers while managing their assets • Explains how to achieve better returns using the latest fintech innovation • Includes inspirational success stories and new business models • Details overall market dynamics The WealthTech Book is essential reading for investment and fund managers, asset allocators, family offices, hedge, venture capital and private equity funds and entrepreneurs and start-ups.

Your Essential Guide to Sustainable Investing

Your Essential Guide to Sustainable Investing
Author: Larry E. Swedroe
Publisher: Harriman House Limited
Total Pages: 175
Release: 2022-04-05
Genre: Business & Economics
ISBN: 0857199056
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Sustainable investing is booming. The investment industry is fast approaching a point where one-third of global assets under management are invested with a sustainable objective. But do sustainable investment products do what investors expect them to do? How can an investor tell if their investments are having the social impact they want? Does that impact come at a financial cost? And how can investors weave their way through the web of confusing acronyms, conflicting agency ratings, and the mass of fund offerings, confident that they can recognize and avoid corporate greenwashing? Larry Swedroe and Sam Adams cut through the fog and bring clarity on all of this and more—providing investors with a firm plan for truly sustainable investing. The authors first define sustainable investing, illuminating the differences between ESG, SRI and impact investing, and reveal who is currently investing sustainably and why. They then move on to a comprehensive review of the academic research. What does the data really say about risk and return in sustainable investing? What performance can you genuinely expect from sustainable investments? And how are today’s sustainable investors using their influence to drive positive changes for society and the environment? Finally, this book arms you with a practical guide to investing sustainably, including how to effectively choose your asset allocation strategy, and select the managers and funds through which your money can create the change you want to see in the world. Your Essential Guide to Sustainable Investing is the definitive go-to resource that investors have been waiting for.