The investor's paradox : the power of simplicity in a world of overwhelming choice / Brian Portnoy.

Format:

Book

Author/Creator:

Portnoy, Brian.

Language:

English

Subjects (All):

Portfolio management.

Investment analysis.

Investments.

Physical Description:

xiii, 239 pages : illustrations ; 25 cm

Edition:

First edition.

Place of Publication:

New York, NY : Palgrave Macmillan, 2014.

Summary:

Investors are in a jam. A troubled global economy, unpredictable markets, and a bewildering array of choices create a dangerous landscape. To meet this challenge, most of us rely on professionals to take risk on our behalf. Here, analyst and investor Brian Portnoy delivers a powerful framework for choosing the right money managers and investment vehicles--and avoiding the losers. Portnoy reveals that the right answers are found by confronting our own subconscious biases and behavioral quirks. A paradox we all face is the natural desire for more choice in our lives, yet the more we have, the less satisfied we become--whether we're at the grocery store, choosing doctors, or flipping through TV channels. So, too, with investing, where there are literally tens of thousands of choices. We crave abundant options to face down volatile markets, yet the more flexibility we have, the more overwhelmed we become. Leveraging the fresh insights of behavioral economics, Portnoy demystifies the opaque world of controversial hedge funds, addresses the limits of mass market mutual funds, and discards the false dichotomy between "traditional" and "alternative" investments. He offers not only practical tools for investment success but also a message of empowerment for investors drowning in possibility.--From publisher description.

Contents:

Introduction: the trillion-dollar job that no one talks about

Challenge. More ; Picking losers ; Alternative states

Solution. Adaptation ; Madoff's hobgoblins ; The devil(s) you know ; Parsing Lake Wobegon ; Less.

Notes:

Includes bibliographical references and index.

ISBN:

9781137278487

113727848X

OCLC:

852658387

Online:

Cover image