A fully updated and extensively revised new edition: how to understand markets, risk, rewards and behaviour.
The global financial crisis that erupted in 2008 exposed the flaws in many investment strategies. This book explores the controversies that surround the management of wealth and provides guidance on how to construct investment strategies that are appropriate for each investor.
With its detailed analysis, supported by data and anecdotes, it is above all a practical guide. It shows how the insights of behavioural analysis are widely reflected in investor behaviour, while emphasising the importance of basing investment strategy on the principles of traditional finance. And it takes into account new research into behavioural and traditional finance which has created new understandings of what investors want to achieve and explores investors' customary mistakes.
This fully updated and extensively revised third edition includes a wide analysis of alternative investments such as art and wine.
About the Author
Peter Stanyer is economist and strategist at a London-based private wealth manager. He was previously chief investment officer of a US-based investment firm, a managing director at Merrill Lynch and investment director of the UK's Railways Rail Pension Fund. He has also worked as an economist for the Bank of England and the IMF, and when at Cambridge University he won the Adam Smith prize for economics.
"'Stanyer targets both the professional and amateur investor and he does it with an enviably informative, accessible style' (European Business) 'Truly priceless... does a wonderful job in conveying to readers that it is better to be the tortoise than the hare in the twenty-first century. Search no more, this book is the ultimate guide to understanding all aspects of investment strategy, the markets, risk and behaviour' (Greg N. Gregoriou)"
Number Of Pages: 384
Published: 1st March 2014
Dimensions (cm): 21.6 x 13.5 x 2.9
Weight (kg): 0.462