eBook - ePub
The Investor's Paradox
The Power of Simplicity in a World of Overwhelming Choice
- 258 pages
- English
- ePUB (mobile friendly)
- Available on iOS & Android
eBook - ePub
About this book
"Portnoy has produced the first great text on picking fund managers . . . one of the best written investment books you'll ever find." âDon Phillips, Morningstar
A paradox we all face is the natural desire for more choice in our lives, yet the more we have, the less satisfied we becomeâwhether we're at the grocery store, choosing doctors, or flipping through hundreds of TV channels. So, too, with investing, where there are literally tens of thousands of funds from which to choose. Hence "the investor's paradox": We crave abundant investment choices to conquer volatile markets, yet with greater flexibility, the more overwhelmed and less empowered we become.
Leveraging the fresh insights of behavioral economics, Brian Portnoy demystifies the opaque world of elite hedge funds, addresses the limits of mass market mutual funds, and discards the false dichotomy between "traditional" and "alternative" investments. He also explores why hedge funds have recently become such a controversial and disruptive force. Turns out it's not the splashy headlinesâspectacular trades, newly minted billionaires, aggressive tacticsâbut something much more fundamental. The stratospheric rise to prominence and availability of alternative strategies represents a further explosion in the size and complexity of the choice set in a market already saturated with products. It constitutes something we all both crave and detest.
The Investor's Paradox lights a path toward simplicity in a world of dangerous markets and overwhelming choice. Written in accessible, jargon-free language, with a healthy skepticism of today's money management industry, it offers not only practical tools for investment success but also a message of empowerment for investors drowning in possibility.
A paradox we all face is the natural desire for more choice in our lives, yet the more we have, the less satisfied we becomeâwhether we're at the grocery store, choosing doctors, or flipping through hundreds of TV channels. So, too, with investing, where there are literally tens of thousands of funds from which to choose. Hence "the investor's paradox": We crave abundant investment choices to conquer volatile markets, yet with greater flexibility, the more overwhelmed and less empowered we become.
Leveraging the fresh insights of behavioral economics, Brian Portnoy demystifies the opaque world of elite hedge funds, addresses the limits of mass market mutual funds, and discards the false dichotomy between "traditional" and "alternative" investments. He also explores why hedge funds have recently become such a controversial and disruptive force. Turns out it's not the splashy headlinesâspectacular trades, newly minted billionaires, aggressive tacticsâbut something much more fundamental. The stratospheric rise to prominence and availability of alternative strategies represents a further explosion in the size and complexity of the choice set in a market already saturated with products. It constitutes something we all both crave and detest.
The Investor's Paradox lights a path toward simplicity in a world of dangerous markets and overwhelming choice. Written in accessible, jargon-free language, with a healthy skepticism of today's money management industry, it offers not only practical tools for investment success but also a message of empowerment for investors drowning in possibility.
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Yes, you can access The Investor's Paradox by Brian Portnoy in PDF and/or ePUB format, as well as other popular books in Business & Investments & Securities. We have over one million books available in our catalogue for you to explore.
Information
Table of contents
- Cover
- Halftitle
- Title
- Copyright Notice
- Epigraph
- Contents
- Acknowledgments
- Foreword
- Introduction
- Part 1
- Chapter 1
- Chapter 2
- Chapter 3
- Part 2
- Chapter 4
- Chapter 5
- Chapter 6
- Chapter 7
- Chapter 8
- Notes
- Index
- About the Author
- CIP