Your Complete Guide to Factor-Based Investing

Andrew L Berkin / Larry E Swedroe

生活

金融 投资

2016-10-7

Buckingham

内容简介

There are hundreds of exhibits in the investment “factor zoo.” Which ones are actually worth your time, and your money?

Andrew L. Berkin and Larry E. Swedroe, co-authors of The Incredible Shrinking Alpha, bring you a thorough yet still jargon-free and accessible guide to applying one of today’s most valuable quantitative, evidence-based approaches to outperforming the market: factor investing. Designed for savvy investors and professional advisors alike, Your Complete Guide to Factor-Based Investing: The Way Smart Money Invests Today takes you on a journey through the land of academic research and an extensive review of its 50-year quest to uncover the secret of successful investing.

Along the way, Berkin and Swedroe cite and distill more than 100 academic papers on finance and introduce five unique criteria that a factor (at its most basic, a characteristic or set of characteristics common among a broad set of securities) must meet to be considered worthy of your investment. In addition to providing explanatory power to portfolio returns and delivering a premium, Swedroe and Berkin argue a factor should be persistent, pervasive, robust, investable and intuitive.

By the end, you’ll have learned that, within the entire “factor zoo,” only certain exhibits are worth visiting and only a handful of factors are required to invest in the same manner that made Warren Buffett a legend.

Your Complete Guide to Factor-Based Investing: The Way Smart Money Invests Today offers an in-depth look at the evidence practitioners use to build portfolios and how you as an investor can benefit from that knowledge, rendering it an essential resource for making the informed and prudent investment decisions necessary to help secure your financial future.

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热门评论
  • czhfrank的评论
    比又臭又长的论文好多了,但还是不够精炼
  • henix的评论
    http://bbs.pinggu.org/thread-5173096-1-1.html
  • Renco的评论
    两位作者虽然没有学术背景但也读过不少学术论文。这本书算是严肃读物之外很好的补充,也有不少真知灼见。而且书卖的真的很便宜...
  • HELLO_THIS_IS的评论
    解释了各大类因子背后的risk based or behavior based机理
  • 宝宝TWO的评论
    是非常有洞见的一本书,或者非常有结论的一本书,结论很有历史深度。但是作为一本通俗读物来说,我觉得排序或者写法可以更吸引人和生动
  • GPGP的评论
    还是挺不错的,特别是Appendix那里开始
  • 榆木先生的评论
    这不是好像不行啊
  • 缠论交易员的评论
    读过真的没什么印象……
  • 猪的钉耙的评论
    货太干太干了