October 2011
Beginner
576 pages
16h 32m
English
Content preview from Equity Valuation and Portfolio ManagementBecome 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,
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.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.I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.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.
QUESTIONS
- In what ways is the stock market a complex system?
- Is the stock market segmented or integrated?
- What advantages does a complex, unified approach offer?
-
- What is “disentangling”?
- What advantages does disentangling offer over simpler, univariate analysis of return-related variables?
- Give an example of disentangling at work.
- Why is it important to have portfolio construction and performance measurement processes that are congruent with the stock selection process?
- How do the breadth of coverage and depth of analysis provided by a complex, unified approach improve the likelihood of successful investment results?
1 See Heinz R. Pagels, The Dreams of Reason: The Computer and the Rise of the Sciences of Complexity (New York: Simon & Schuster, 1988); and Stephen Wolfram, A New Kind of Science (Champaign, IL: Wolfram Media Inc., 2002).
2 See Bruce I. Jacobs and Kenneth N. Levy, “The Complexity of the Stock Market,” Journal of Portfolio Management 16, no. 1 (1989): 19–27.
3 See Bruce I. Jacobs and Kenneth N. Levy, “The Law of One Alpha,” Journal of Portfolio Management 21, no. 4 (1995): 78–79.
4 See Bruce I. Jacobs, Kenneth N. Levy, and Mitchell C. Krask, “Earnings Estimates, Predictor Specification, and Measurement Error,” Journal of Investing 6, no. 2 (1997): 29–46.
5 See Bruce I. Jacobs and Kenneth N. Levy, “Disentangling Equity Return Regularities: New Insights and Investment Opportunities,” Financial Analysts Journal 44, no. 3 (1988): 18–44.
6 See Bruce I. Jacobs and ...
Become 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,
and much more.
Read now
Unlock full access
More than 5,000 organizations count on O’Reilly
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.
I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.Amir M.
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.