-Titulo Original : Dual Momentum Investing An Innovative Strategy For Higher Returns With Lower Risk
-Fabricante :
McGraw Hill
-Descripcion Original:
WINNER, Business: Personal Finance/Investing, 2014 USA Best Book Awards FINALIST, Business: Personal Finance/Investing, 2015 International Book AwardsDual Momentum Investing details the authors own momentum investing method that combines U.S. stock, non-U.S. stock, and aggregate bond indices--in a formula proven to dramatically increase profits while lowering risk. Antonacci reveals how momentum investors could have achieved long-run returns nearly twice as high as the stock market over the past 40 years, while avoiding or minimizing bear market losses--and he provides the information and insight investors need to achieve such success going forward. His methodology, supported by rigorous academic research, is designed to pick up on major changes in relative strength and market trend.This is an excellent book on the various forms of price momentum and why they work, including a very clever way to use them. I highly recommend investors read this book. - James P. OShaughnessy, author, What Works on Wall Street, Chairman and CEO of OShaughnessy Asset Management Review I ran the numbers for this strategy myself and they are quite impressive. The back-test makes sense, as do the behavioral reasons for the momentum factor. - A Wealth of Common SenseGary Antonaccis Dual Momentum Investing provides both a fantastic introduction to momentum investing, as well as a sophisticated discussion of and an approach to achieving risk-managed exposure to the anomaly across asset classes. - Alpha ArchitectAntonaccis extensive research and his clear-headed thinking have led to a book that every investor should read...The practically oriented investor will find a road map for moving ahead and staying out of really big trouble. - Reading the Markets From the Publisher Gary Antonacci has over 30 years experience as an investment professional focusing on under exploited investment opportunities. In 1990, he founded Portfolio Management Consultants, which advises private and institutional investors on asset allocation, portfolio optimization, and advanced momentum strategies. He earned an MBA at Harvard. From the Inside Flap After examining more than two-hundred years of data across dozens of markets and asset classes, the conclusion is clear: Momentum continually outperforms. However, most investors havent had a way to fully discover and implement momentum investing .. . until now! Whether youre an independent investor, investment professional, or money manager, Dual Momentum Investing enables you to consistently profit from major changes in relative strength and market trend.Based on the award-winning work of Gary Antonacci, an expert in modern portfolio theory and systems development, this groundbreaking guide presents an easy-to-understand, straightforward model that transforms momentum concepts into an actionable investing strategy called Global Equity Momentum (GEM). By combining relative-strength and absolute momentum, this unique methodology lets you take advantage of market trends while avoiding large drawdowns. A disciplined implementation of this proven strategy enhances the ability of every investor to:* Lock in profits and mitigate risk with a minimal number of switches per year among U.S. equities, non-U.S. equities, and bonds* Establish meaningful control over investment risk once an assets value begins to decline* Remove emotional and behavioral biases from your decision-making,while taking advantage of these same biases in others to achieve exceptional expected returnsEach facet of GEM is explained in simple clarity using supporting theory, historical analysis, and understandable data. Pragmatic techniques come to life with real-world relevance that both deepens your understanding of why dual momentum works and better prepares you for using it yourself. From picking a brokerage firm, to making asset choices, to customizing your strategy as you near retirement--this
-Fabricante :
McGraw Hill
-Descripcion Original:
WINNER, Business: Personal Finance/Investing, 2014 USA Best Book Awards FINALIST, Business: Personal Finance/Investing, 2015 International Book AwardsDual Momentum Investing details the authors own momentum investing method that combines U.S. stock, non-U.S. stock, and aggregate bond indices--in a formula proven to dramatically increase profits while lowering risk. Antonacci reveals how momentum investors could have achieved long-run returns nearly twice as high as the stock market over the past 40 years, while avoiding or minimizing bear market losses--and he provides the information and insight investors need to achieve such success going forward. His methodology, supported by rigorous academic research, is designed to pick up on major changes in relative strength and market trend.This is an excellent book on the various forms of price momentum and why they work, including a very clever way to use them. I highly recommend investors read this book. - James P. OShaughnessy, author, What Works on Wall Street, Chairman and CEO of OShaughnessy Asset Management Review I ran the numbers for this strategy myself and they are quite impressive. The back-test makes sense, as do the behavioral reasons for the momentum factor. - A Wealth of Common SenseGary Antonaccis Dual Momentum Investing provides both a fantastic introduction to momentum investing, as well as a sophisticated discussion of and an approach to achieving risk-managed exposure to the anomaly across asset classes. - Alpha ArchitectAntonaccis extensive research and his clear-headed thinking have led to a book that every investor should read...The practically oriented investor will find a road map for moving ahead and staying out of really big trouble. - Reading the Markets From the Publisher Gary Antonacci has over 30 years experience as an investment professional focusing on under exploited investment opportunities. In 1990, he founded Portfolio Management Consultants, which advises private and institutional investors on asset allocation, portfolio optimization, and advanced momentum strategies. He earned an MBA at Harvard. From the Inside Flap After examining more than two-hundred years of data across dozens of markets and asset classes, the conclusion is clear: Momentum continually outperforms. However, most investors havent had a way to fully discover and implement momentum investing .. . until now! Whether youre an independent investor, investment professional, or money manager, Dual Momentum Investing enables you to consistently profit from major changes in relative strength and market trend.Based on the award-winning work of Gary Antonacci, an expert in modern portfolio theory and systems development, this groundbreaking guide presents an easy-to-understand, straightforward model that transforms momentum concepts into an actionable investing strategy called Global Equity Momentum (GEM). By combining relative-strength and absolute momentum, this unique methodology lets you take advantage of market trends while avoiding large drawdowns. A disciplined implementation of this proven strategy enhances the ability of every investor to:* Lock in profits and mitigate risk with a minimal number of switches per year among U.S. equities, non-U.S. equities, and bonds* Establish meaningful control over investment risk once an assets value begins to decline* Remove emotional and behavioral biases from your decision-making,while taking advantage of these same biases in others to achieve exceptional expected returnsEach facet of GEM is explained in simple clarity using supporting theory, historical analysis, and understandable data. Pragmatic techniques come to life with real-world relevance that both deepens your understanding of why dual momentum works and better prepares you for using it yourself. From picking a brokerage firm, to making asset choices, to customizing your strategy as you near retirement--this


