|
Books > Money & Finance > Investment & securities > General
This book integrates socially responsible investment into modern
portfolio theory from a multi-criteria perspective. Socially
responsible investment is a "new deal" championed by the
institutional investment and bank sectors, agents that influence
mutual funds and other collective investment schemes and which fear
that financial strategies without ethical constraints can harm
sustainable growth and prosperity. The book shows how to combine
financial criteria such as profitability and risk with
non-financial criteria such as the protection of the ecosystem,
responsible consumption of energy, and healthcare campaigns. The
book's first part presents critical issues in ethical investment,
while the second explains in detail the application of goal
programming techniques for SRI funds, illustrating their use in
actual cases. Part three demonstrates how compromise programming
can be applied in the contexts of portfolio selection and risk
management. Finally, in its fourth part the book examines the
application of other decision-making support methods like the
Analytic Hierarchy Process (AHP) framework, the Reference Point
Method, and soft computing techniques for portfolio selection.
Financial markets are growing in complexity, and there is an
increased risk that investors are led to investment products and
strategies they do not fully understand. The crisis-ridden decade
of the 2000s is a stark reminder of how poorly managed finances can
wreak havoc on household finances. Traditional finance assumes that
all investors are risk-averse and require a risk premium from
investing in risky assets such as stocks. However, recent
developments in behavioural finance show that many individual
investors often adopt strategies that lead to serious investment
missteps, including over-investing in lottery-type stocks and
securities. Lottery-type securities in fact attract investors who
may be risk-seeking or are strongly influenced by cognitive biases
ranging from overconfidence to being over-optimistic about future
investment returns, especially during periods of high sentiment.
Drawing on existing and new research, The Lottery Mindset
summarizes the behavioural motivations and detrimental impact of
investment strategies which are popular with individual investors.
Wai-Mun Fong provides insight and guidance on behavioural biases,
and successful investment. By both reviewing and contributing to
exiting literature on this topic, this book will be of use to
academics and general readers alike.
Stock Message Boards provides empirical data to reveal how online
communication not only impacts stock returns, but also volatility,
trading volume, and liquidity, as well as an investing firm's value
and reputation.
This book discusses new determinants for optimal portfolio
selection. It reviews the existing modelling framework and creates
mean-variance efficient portfolios from the securities companies on
the National Stock Exchange. Comparisons enable researchers to rank
them in terms of their effectiveness in the present day Indian
securities market.
Practitioners in risk management are familiar with the use of the
FHS (filtered historical simulation) to finding realistic
simulations of security returns. This approach has become
increasingly popular over the last fifteen years, as it is both
flexible and reliable, and is now being accepted in the academic
community. Simulating Security Returns is a useful guide for
researchers, students, and practitioners. It uses the FHS approach
to help simulate the returns of large portfolios of securities.
While other simulation methods use the covariance matrix of
security returns, which suffers the curse of dimensionality even
for modest portfolios, Barone Adesi demonstrates how FHS can
accurately adjust to current market conditions.
TOOLS TO DEVELOP A LIFELONG INCOME, FREE OF FEAR IN HIS FORTY YEARS
AS A FINANCIAL AND RETIREMENT ADVISOR, Bill Riley has seen it all.
He has seen his industry neglect the very people it purports to
serve. Riley has a better way. And in Forty Years of Investor
Mistakes he shares what you need to know now before it s too late.
Riley wants to spare you the mistakes that he oft en sees among
people preparing for retirement or who already are there. Those
mistakes can turn dreams into drudgery, as so many retirees learned
so well in recent years, as their proud portfolios dwindled. It
didn t have to be that way. Riley understands how troubling this
new phase of life can be, but he also knows you deserve the
fulfillment you worked so hard to attain. He has helped countless
clients make the most of their savings and develop a lifelong
income, free of fear, so they can reach their goals confidently. In
fact, it all starts with goals. He does far more than analyze your
finances. He gets inside your head. For what purpose did you save
that money? Riley focuses first on helping you figure out where you
are going with your life because it s only when you see that
destination that he can best help you get there. Along the way,
Riley will make sure you have enough to live well, day by day. With
discipline and dedication to fundamentals, he can keep you out of
trouble in tough economic ti mes and help you to flourish in the
good ti mes. He rallies decades of experience and teamwork to
create a retirement plan designed just for you. In Forty Years of
Investor Mistakes Bill Riley shows you the better way the culture
of caring, as he calls it. He brings you the kind of retirement
planning that will help you to live well, sleep well, and preserve
your legacy for generations to come."
|
|