000			02222dam a2200265 i 4500
001			0000372528
003			0001
008			230118s2017 nyu b 001 0 eng
010			_a 2016039622
020			_a9780231177344 (cloth : alk. paper)
040			_aDLC _beng _cDLC _erda _dDLC
042			_apcc
082	0	0	_a332.6 _223
084			_a332.6 _bLAN-R _223
100	1		_aLanglois, Hugues, _d1983- _eauthor.
245	1	0	_aRational investing _hBook : _bthe subtleties of asset management / _cHugues Langlois and Jacques Lussier.
300			_avi, 232 pages ; _c24 cm.
365			_a01 _b9,064.00
520			_aMany investors believe that success in investing is either luck or clairvoyance. In Rational Investing, finance professor Hugues Langlois and asset manager Jacques Lussier present the current state of asset management and clarify the conundrum of luck versus skill. The core of Rational Investing is a framework for smart investing built around three performance drivers: balancing exposure to risk factors, efficiently diversifying bad luck, and taking advantage of relative mispricings in financial markets. With clear examples from model multi-asset-class portfolios, Langlois and Lussier show how to implement performance drivers like institutional investors with access to extensive resources, as well as nonprofessional investors who are constrained to small-scale transactions. There are few investment products, whether traditional or alternative, discretionary or systematic, fundamental or quantitative, whose performance cannot be analyzed through this framework. Langlois and Lussier illuminate the structure of financial markets and the mechanics of sustainable investing so any investor can become a rational player, from the nonprofessional investor with a basic knowledge of statistics all the way to seasoned investment professionals wishing to challenge their understanding of the asset management industry
521			_aAll.
650		0	_aPortfolio management.
650		0	_aInvestments.
700	1		_aLussier, Jacques _c(Investment Strategist), _eauthor.
852			_p10001000062842 _99064.00 _vMultiline Books _dBooks
999			_c64143 _d64143