Treynor On Institutional Investing
Over the course of his successful career, Jack Treynor has made many important contributions to the world of investment management. Now, the innovative ideas and controversial concepts of this prolific investment professional can finally be found in one volume.Comprised of more than ninety provocative articles—many of which were originally published in well-respected industry resources such as the CFA Institute Financial Analysts Journal and the Harvard Business Review—Treynor on Institutional Investing clearly captures the many ways in which this man has influenced the professional investment community over a period of decades.From his seminal presentation of the Capital Asset Pricing Model in 1962 and papers introducing modern performance measurement to his revolutionary ideas on inflation, Treynor on Institutional Investing distills the hard-won investment insights of one of the most independent minds ever to tackle the investment problem. Along the way, this comprehensive anthology also introduces you to some of Treynor's more controversial proposals, such as issues regarding stock valuation and trading strategy, and presents challenging case studies that address critical events in today's investment environment.Treynor's work goes far beyond his well-known contributions to capital asset pricing and the performance measurement extension. Some of the other thought-provoking topics discussed within these pages include:His challenge to conventional thinking about inflation in his new "Theory of Inflation" ?and "Will the Phillips Curve Cause World War III"?His groundbreaking work on market micro    structureImplications of the Bean Jar Experiment for market efficiencyThe trouble with earnings as an appropriate focus for investment analysisThe unintended effects of ERISAThe articles found inside draw on Treynor's extensive experience as a management consultant, fund director, and money manager. So whether you're looking to gain a better understanding of the investment management business or prepare yourself for responsibilities on the boards of pension, endowment, or mutual funds, this book has what you need to help you succeed.One measure of how influential the ideas in Treynor on Institutional? Investing?have been is that they ended up shaping an ever-evolving investment profession.