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
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CHAPTER 6
SMART BETA AND OTHER URBAN LEGENDS
Things are seldom what they seem. Skim milk masquerades as cream.
–Gilbert and Sullivan
WE HAVE SEEN WHY WE want to focus on stocks and, to a lesser extent, bonds in our application of dual momentum. (If you do not understand that yet, please reread Chapter 5.) The question then arises, are there better ways to participate in stocks than through traditional capitalization weighted indexes?
Smart beta is a catchall term for rules-based strategies that do not use conventional stock market index capitalization weights. According to Russell Investments, smart beta “includes transparent, rules-based strategies that are designed to provide exposure to market segments, factors, or concepts.” Smart ...
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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.