Catalogue Search | MBRL
Are you sure you want to remove the book from the shelf?
{{itemTitle}}
52
result(s) for
"Swedroe, Larry E"
Sort by:
The quest for alpha
The final word on passive vs. active investing The debate on active investing-stock picking and market timing-versus passive investing-markets are highly efficient and almost impossible to outperform-has raged for decades. Which side is right? In The Quest for Alpha: The Holy Grail of Investing, author Larry E. Swedroe puts an end to the debate, proving once and for all that active investing is likely to prove futile as the associated expenses-costs, fees, and time spent analyzing individual stocks and the overall market-are likely to exceed any benefits gained. The book Presents research, data, and quotations that reveal it's extremely difficult to outperform the market Explains why investors should focus on asset allocation, fund construction, costs, tax efficiency, and the building of a globally diversified portfolio that minimizes, if not eliminates, the taking of idiosyncratic, uncompensated risks Other titles by Swedroe: The Only Guide to Alternative Investments You'll Ever Need and The Only Guide You'll Ever Need for the Right Financial Plan Investors are on a never-ending search for a money manager who will deliver returns above the appropriate risk-adjusted benchmark, aka the \"Holy Grail of Investing.\" The Quest for Alpha demonstrates that it's a loser's game-while it's possible to win, it's so unlikely that you shouldn't try.
eBook
Think, act, and invest like Warren Buffett : the winning strategy to help you achieve your financial and life goals
If your goals are to outperform other investors and achieve your life's financial goals, what should you do? Think, act, and invest like the best investor out there: Warren Buffett. Swedroe provides a sensible investing approach based on Buffett's advice regarding investment strategies.
Book
The only guide to alternative investments you’ll ever need
The rewards of carefully chosen alternative investments can be great. But many investors don’t know enough about unfamiliar investments to make wise choices. For that reason, financial advisers Larry Swedroe and Jared Kizer designed this book to bring investors up to speed on the twenty most popular alternative investments:
Real estate, Inflation-protected securities, Commodities, International equities, Fixed annuities, Stable-value funds, High-yield (junk) bonds, Private equity (venture capital), Covered calls, Socially responsible mutual funds, Precious metals equities, Preferred stocks, Convertible bonds, Emerging market bonds, Hedge funds, Leveraged buyouts, Variable annuities, Equity-indexed annuities, Structured investment products, Leveraged funds
The authors describe how the investments work, the pros and cons of each, which to consider, which to avoid, and how to get started. Swedroe and Kizer evaluate each investment in terms of: Expected returns Volatility Distribution of returns Diversification potential Fees Trading and operating expenses Liquidity Tax efficiency Account location Role in an asset-allocation program Any investor who is considering or just curious about investment opportunities outside the traditional world of stocks, bonds, and bank certificates of deposit would be well-advised to read this book.
eBook
Is Investing a Science?
Although investors seek greater certainty in their results, investment returns can fluctuate dramatically. To help increase investors' confidence that their strategy will achieve their goals, investors should consider utilizing the scientific method. We first describe the scientific method and then discuss its applications to investing, providing an explicit example with value investing. Finally, we discuss how to reduce uncertainty, giving similarities and differences between science and investing.
Journal Article
How Financial Markets Work
This chapter contains sections titled:
How Markets Set Prices
Great Companies Do Not Make High‐Return Investments
For Every Buyer There Must Be a Seller
About the Author
Book Chapter
Active versus Passive Investing
This chapter contains sections titled:
Whose Interests Do They Have at Heart?
When Even the Best Are Not Likely to Win the Game
Investment Graffiti
Outfoxing the Box
Appendix: Investment Vehicle Recommendations
About the Author
Book Chapter
Use a passive strategy to achieve your clients' goals. (Financial planning: news and strategies for the personal financial planner)
Passive investing, which began in the 1970s, is an approach that melds exceptionally well with the CPA's traditional role of safekeeping clients' wealth through the development of financial plans that are designed to provide the greatest likelihood of achieving long-term financial objectives. To implement a passive investment approach, investors can choose from index mutual funds, exchange traded funds and passively managed asset class funds (available via a professional investment advisor). Whether the advisor helps investors implement index funds, ETFs, or passive asset class investing, a passive strategy offers several advantages. By holding entire market components, benefits of diversification are maximized. By \"tilting\" the portfolio to riskier or less risky components, an advisor can help clients capture the highest expected market return given their unique risk tolerance. Portfolio holdings remain true to the initial objective, without the tendency to \"style drift.\" Expenses can be minimized and tax efficiency maximized.
Journal Article
The Incredible Shrinking ALPHA
On average, individual investors exhibit perverse security-selection abilities - they buy stocks that go on to earn sub-par returns and sell stocks that go on to earn above-average returns. Since alpha is a zero-sum game, if there are losers, even before costs, there must be winners. [...]Jonathan Berk and Jules van Binsbergen, authors of the 2013 study \"Measuring Skill in the Mutual Fund Industry,\" found that the average mutual fund has added value by extracting about $2 million per year from financial markets, and that the value added is persistent for as long as 10 years.
Trade Publication Article