Book : Quantitative Momentum A Practitioners Guide To...

-Titulo Original : Quantitative Momentum A Practitioners Guide To Building A Momentum-based Stock Selection System (wiley Finance)

-Fabricante :

Wiley

-Descripcion Original:

Review Systematic momentum investing, as opposed to its complementary cousin value, has not gotten the investor attention it deserves. Wes and Jack fix this problem. Anyone interested in systematic investing should read this book and add more tools to their repertoire. - Cliff Asness, Managing and Founding Principal of AQR Capital ManagementMost investors would assume the premiere anomaly is value, when in fact it is momentum. Let Wes and Jack take you through a MBA course on momentum that will have you saying by the end - the trend is your friend.”-Meb Faber, CIO of Cambria Investment ManagementWes and Jack have looked under every rock for an edge and they’ve found it with momentum. Momentum is the ‘premier anomaly’, so no surprise this is their best book yet. Buy it and read it. -Adam Butler, CEO of ReSolve Asset Management The individual investors comprehensive guide to momentum investingQuantitative Momentum brings momentum investing out of Wall Street and into the hands of individual investors. In his last book, Quantitative Value, author Wes Gray brought systematic value strategy from the hedge funds to the masses; in this book, he does the same for momentum investing, the system that has been shown to beat the market and regularly enriches the coffers of Wall Streets most sophisticated investors. First, youll learn what momentum investing is not: its not growth investing, nor is it an esoteric academic concept. You may have seen it used for asset allocation, but this book details the ways in which momentum stands on its own as a stock selection strategy, and gives you the expert insight you need to make it work for you. Youll dig into its behavioral psychology roots, and discover the key tactics that are bringing both institutional and individual investors flocking into the momentum fold. Systematic investment strategies always seem to look good on paper, but many fall down in practice. Momentum investing is one of the few systematic strategies with legs, withstanding the test of time and the rigor of academic investigation. This book provides invaluable guidance on constructing your own momentum strategy from the ground up. Learn what momentum is and is notDiscover how momentum can beat the marketTake momentum beyond asset allocation into stock selectionAccess the tools that ease DIY implementationThe large Wall Street hedge funds tend to portray themselves as the sophisticated elite, but momentum investing allows you to borrow one of their top strategies to enrich your own portfolio. Quantitative Momentum is the individual investors guide to boosting market success with a robust momentum strategy. From the Inside Flap On the surface, value investors seem to have a polar opposite mindset from momentum investors. Value investors generally buy cheap out-of-favor stocks, while momentum investors buy stocks with strong price trends. But the behavioral biases and career concerns that drive expected excess returns for value investors are the key mechanisms also driving the long-term sustainability of momentum. Quantitative Momentum fully explores exactly how and why systematic momentum investing is a powerful strategy, arguing that momentum investing is potentially more potent than value investing.A long-held secret of Wall Street hedge funds, and other investors savvy about behavioral finance, is that momentum investing was never a growth strategy-it is, and always has been, a historically successful practice that investors should buy winners, regardless of their growth prospects. With the rigor and educational sensibilities author Wesley Gray used to deliver Quantitative Value, the bible on systematic value investing, Quantitative Momentum is a first-of-its-kind guidebook for the individual investor looking to build a stock-picking platform based on momentum. Specifically, the momentum approach identified is ideal for balancing a deep value portfolio and h