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Market Sense and Nonsense : How the Markets Really Work (and How They Don't).

Bestselling author, Jack Schwager, challenges the assumptions at the core of investment theory and practice and exposes common investor mistakes, missteps, myths, and misreads When it comes to investment models and theories of how markets work, convenience usually trumps reality. The simple fact is...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autor principal: Schwager, Jack D.
Formato: Electrónico eBook
Idioma:Inglés
Publicado: New York : Wiley, 2012.
Colección:Finance professional collection
Temas:
Acceso en línea:Texto completo

MARC

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245 1 0 |a Market Sense and Nonsense :  |b How the Markets Really Work (and How They Don't). 
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505 0 |a Market Sense and Nonsense: How the Markets Really Work (And How They Don't); Copyright; Contents; Foreword; Prologue; Part One: Markets, Return, and Risk; Chapter 1: Expert Advice; Comedy Central versus CNBC; The Elves Index; Paid Advice; Investment Insights; Chapter 2: The Deficient Market Hypothesis; The Efficient Market Hypothesis and Empirical Evidence; The Price Is Not Always Right; Pets.com and the Dot-Com Mania; A Subprime Investment; Negative Value Assets-The Palm/3Com Episode; The Market Is Collapsing; Where Is the News? 
505 8 |a The Disconnect between Fundamental Developments and Price MovesCopper: Delayed Response to Shrinking Inventories; Countrywide Flies High as Housing Engine Sputters; Subprime Bonds Ignore Rising Foreclosures; Price Moves Determine Financial News; Is It Luck or Skill? Exhibit A: The Renaissance Medallion Track Record; The Flawed Premise of the Efficient Market Hypothesis: A Chess Analogy; Some Players Are Not Even Trying to Win; The Missing Ingredient; Right for the Wrong Reason: Why Markets Are Difficult to Beat; Diagnosing the Flaws of the Efficient Market Hypothesis. 
505 8 |a Why the Efficient Market Hypothesis Is Destined for the Dustbin of Economic TheoryInvestment Insights; Chapter 3: The Tyranny of Past Returns; S & P Performance in Years Following High- and Low-Return Periods; Implications of High- and Low-Return Periods on Longer-Term Investment Horizons; Is There a Benefit in Selecting the Best Sector?; Hedge Funds: Relative Performance of the Past Highest-Return Strategy; Why Do Past High-Return Sectors and Strategy Styles Perform So Poorly?; Wait a Minute. Do We Mean to Imply ...?; Long-Only Funds (Mutual Funds); Hedge Funds and CTA Funds. 
505 8 |a Investment InsightsChapter 4: The Mismeasurement of Risk; Worse Than Nothing; Volatility as a Risk Measure; The Source of the Problem; Hidden Risk; Evaluating Hidden Risk; Quantitative Measures; Qualitative Assessment; The Confusion between Volatility and Risk; The Problem with Value at Risk (VaR); Asset Risk: Why Appearances May Be Deceiving, or Price Matters; Investment Insights; Chapter 5: Why Volatility Is Not Just about Risk, and the Case of Leveraged ETFs; Leveraged ETFs: What You Get May Not Be What You Expect; Investment Insights; Chapter 6: Track Record Pitfalls; Hidden Risk. 
505 8 |a The Data Relevance PitfallWhen Good Past Performance Is Bad; The Apples-and-Oranges Pitfall; Longer Track Records Could Be Less Relevant; Investment Insights; Chapter 7: Sense and Nonsense about Pro Forma Statistics; Investment Insights; Chapter 8: How to Evaluate Past Performance; Why Return Alone Is Meaningless; Risk-Adjusted Return Measures; Sharpe Ratio; Sortino Ratio; Symmetric Downside-Risk Sharpe Ratio; Gain-to-Pain Ratio; Tail Ratio; MAR and Calmar Ratios; Return Retracement Ratio; Comparing the Risk-Adjusted Return Performance Measures; Which Return/Risk Measure Is Best? 
500 |a Visual Performance Evaluation. 
520 |a Bestselling author, Jack Schwager, challenges the assumptions at the core of investment theory and practice and exposes common investor mistakes, missteps, myths, and misreads When it comes to investment models and theories of how markets work, convenience usually trumps reality. The simple fact is that many revered investment theories and market models are flatly wrong-that is, if we insist that they work in the real world. Unfounded assumptions, erroneous theories, unrealistic models, cognitive biases, emotional foibles, and unsubstantiated beliefs all combine to lead investors astray-prof. 
504 |a Includes bibliographical references and index. 
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650 7 |a Investment analysis  |2 fast 
650 7 |a Investments  |2 fast 
650 7 |a Risk management  |2 fast 
776 0 8 |i Print version:  |a Schwager, Jack D.  |t Market Sense and Nonsense : How the Markets Really Work (and How They Don't).  |d New York : Wiley, ©2012  |z 9781118494561 
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