November 2014
Intermediate to advanced
256 pages
5h 39m
English
book
Dual Momentum Investing: An Innovative Strategy for Higher Returns with Lower Risk
by Gary Antonacci
Content preview from Dual Momentum Investing: An Innovative Strategy for Higher Returns with Lower RiskBecome an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
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CHAPTER 5
ASSET SELECTION: THE GOOD, THE BAD, AND THE UGLY
Diversification is protection against ignorance. Wide diversification is only required when investors do not understand what they are doing.
—Warren Buffett
WE ALL WANT AN INVESTMENT that will capture the highest possible risk premium while minimizing tail risk or drawdown. Risk premium is the reward we receive for the risks associated with a buy-and-hold strategy. In the preface to his classic book, Stocks for the Long Run, Jeremy Siegel (2014) writes, “over long periods of time, the returns on equities not only surpassed those on all other financial assets, but were far safer and more predictable than bond returns when inflation was taken into account.”
From 1900 through 2013, ...
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O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.Julian F.
I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.Addison B.
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I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.