Applied Investment Theory: How Markets and Investors Behave, and Why (repost)
Applied Investment Theory: How Markets and Investors Behave, and Why By Les Coleman
English | PDF | 2016 | 260 Pages | ISBN : 3319439758 | 4.74 MB
English | PDF | 2016 | 260 Pages | ISBN : 3319439758 | 4.74 MB
Institutions now dominate trading in equities around the world. Mutual funds are the most prominent, and doubly important as custodians of retirement savings. Despite this, there is no comprehensive description of fund manager behaviour, much less a matching theory.
This is troubling because one of the most economically significant puzzles in finance is why experienced, well-resourced fund managers cannot outperform the market.