The Power of Modern Value Investing
Beyond Indexing, Algos, and Alpha
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Beschreibung
“Gary and Margaret have hit the ball out of the park. Both amateur and professional investors would be well-rewarded by reading and re-reading The Power of Modern Value Investing.”
—Brian Nelson, CFA, President, Valuentum Securities
“A book about investing that every investor should read.”
—Ed Yardeni, President & Chief Investment Strategist, Yardeni Research, Inc.
“Should be required reading for all value investors and anyone else wanting to see things differently.”
—Gary Antonacci, author of Dual Momentum Investing
“A superior value-oriented analytical approach to investing.”
—Chris Dialynas, Managing Director, PIMCO
“An enjoyable read and a great road map for building wealth!”
—Andrew D Sloves, Board of Directors, Rithm Capital; Former Managing Director, J.P. Morgan
“An essential read for every investor.”
—Mitch Mokhtari, Professor of Personal Finance, University of Maryland - College Park
“A great foundation for both new and veteran investors.”
—Matt Thompson, Private Equity and Technology Investor
“I have read over 40,000 pages on Value Investing alone, and Professors Smith and Smith continue to prescribe (and practice!) an accessible framework that not only upholds the original tenets of the discipline but one that investors can successfully apply across any epoch in economic history.”
—Roberto Hamilton, CFA
The stock market is a wild and scary roller coaster ride that investors have tried to tame with superficially appealing but ultimately flawed strategies—technical analysis, modern portfolio theory, CAPM, factor models, and algos. Many have simply given up and settled for indexing. This book explains the fundamental flaws that make so many strategies hazardous to our wealth.
There is a better way—what the authors call Investing 6.0—that is simple enough for anyone to use. No fancy math, complicated computer algorithms, or long days are required. This book offers a strategy with a few key principles that all investors and the financial advisors and planners who serve them can use with ease
Argues for a value-investing approach that assesses risk explicitly Creates a new investment strategy: Investing 6.0 Contrasts Investing 6.0 with the most popular competing strategies
Autor*in
Gary Smith
Themen in »The Power of Modern Value Investing«
investment philosophies investing advising investors value investing intrinsic value the efficient market hypothesis the capital asset pricing model (CAPM) Mean-variance analysis factor models black-box algorithms stock prices