Investment philosophies
Subtitle: successful strategies and the investors who made them work
By: Aswath Damodaran
Edition: 2nd ed.
Series: Wiley finance series
Publisher: Wiley
Published: 2012
Place of publication: Hoboken, N.J
Language: eng
Number of pages: 608
ISBN-13: 9781118011515
Subjects: Investment analysis; BUSINESS & ECONOMICS / Investments & Securities
Description: "The guide for investors who want a better understanding of investment strategies that have stood the test of timeThis thoroughly revised and updated edition of Investment Philosophies covers different investment philosophies and reveal the beliefs that underlie each one, the evidence on whether the strategies that arise from the philosophy actually produce results, and what an investor needs to bring to the table to make the philosophy work.The book covers a wealth of strategies including indexing, passive and activist value investing, growth investing, chart/technical analysis, market timing, arbitrage, and many more investment philosophies.  Presents the tools needed to understand portfolio management and the variety of strategies available to achieve investment success  Explores the process of creating and managing a portfolio  Shows readers how to profit like successful value growth index investors  Aswath Damodaran is a well-known academic and practitioner in finance who is an expert on different approaches to valuation and investment This vital resource examines various investing philosophies and provides you with helpful online resources and tools to fully investigate each investment philosophy and assess whether it is a philosophy that is appropriate for you"--
Notes: Includes index.
Table of contents: title: Machine generated contents note:; title: Chapter 1: Introduction What Is An Investment Philosophy? Why Do You Need An Investment Philosophy? The Big Picture of Investing Categorizing Investment Philosophies Developing an Investment Philosophy Conclusion Exercises Chapter 2: Upside, Downside: Understanding Risk What Is Risk? Equity Risk: Theory-based Models Assessing conventional risk and return models Equity Risk: Alternative Measures Equity Risk: Assessing the Field Default Risk Conclusion Exercises Chapter 3: Numbers Don't Lie Or Do They? The Basic Accounting Statements Asset Measurement and Valuation Measuring Financing Mix Measuring Earnings and Profitability Measuring Risk Differences in Accounting Standards and Practices Conclusion Exercises Chapter 4: Show Me the Money: The Basics of Valuation Intrinsic Value Relative Valuation Valuing an Asset with Contingent Cash Flows (Options) Conclusion Exercises Chapter 5: Many a Slip: Trading, Execution, and Taxes The Trading Cost Drag The Components of Trading Costs: Traded Financial Assets Trading Costs with Non-traded Assets The Management of Trading Costs Taxes Conclusion Exercises Chapter 6: Too Good to Be True? Testing Investment Strategies Why Does Market Efficiency Matter? Efficient Markets: Definition and Implications Behavioral Finance: The Challenge to Efficient Markets A Skeptic's Guide to Investment Strategies Conclusion Exercises Chapter 7: Smoke and Mirrors? Price Patterns, Volume Charts and Technical Analysis Random Walks and Price Patterns Empirical Evidence The Foundations of Technical Analysis Technical Indicators and Charting Patterns Conclusion Exercises Chapter 8: Graham's Disciples: Value Investing Who is a Value Investor? The Passive Screener The Contrarian Value Investor Activist Value Investing Conclusion Exercises Chapter 9: The Allure of Growth: Small Cap and Growth Investing Who is a Growth Investor? Passive Growth Investing Activist Growth Investing Conclusion Exercises Chapter 10: Information Pays: Trading On News Information and Prices Trading on Private Information Trading on Public Information Implementing an Information-based Investment Strategy Conclusion Exercises Chapter 11: A Sure Profit: The Essence of Arbitrage Pure Arbitrage Near Arbitrage Speculative Arbitrage Long Short Strategies - Hedge Funds Conclusion Exercises Chapter 12: The Impossible Dream? Timing the Market Market Timing: Payoff and Costs Market Timing Approaches The Evidence on Market Timing Market Timing Strategies Market Timing Instruments Connecting Market Timing to Security Selection Conclusion Exercises Chapter 13: Ready to Give Up? The Allure of Indexing The Mechanics of Indexing A History of Indexing The Case for Indexing Why Do Active Investors Not Perform Better? Alternative Paths to Indexing Conclusion Exercises Chapter 14: A Roadmap to Choosing an Investment Philosophy A Self Assessment Finding an Investment Philosophy The Right Investment Philosophy Conclusion Exercises Index.