The Architecture of Wealth: Art and Science Portfolio Construction

PRAISE FOR THE ARCHITECTURE OF WEALTH “This is the clearest, best-written introduction to modern investing that I’ve come across. The Architecture of Wealth is a great way to get up to speed on the foundational ideas that power today’s leading investment approaches.” —HAYWOOD KELLY, former Head of Research, Morningstar, Inc. “Anyone wishing to explore the ‘great ideas’ that have transformed money management over the past 75 years will get a lot out of this book. The Architecture of Wealth explains both the ‘why’ and ‘how,’ to help readers make smarter decisions about their investment programs.” —JEREMY DUFFIELD, Co-founder and Director, SuperEd; Director, Retirement Essentials; and Founding Managing Director, Vanguard Investments Australia “The Architecture of Wealth stands out for its clarity, balance, and practical intelligence. It explains not only what modern portfolio theory says, but how disciplined investors can apply its lessons in the real world.” —EMMANUEL D. HATZAKIS, Industry Professor, Finance and Financial Engineering, School of Business, Stevens Institute of Technology “The Architecture of Wealth is a hugely beneficial introduction to modern asset management—and essential reading for institutional investors, financial professionals, and the general investing public.” —STEPHEN UTKUS, Visiting Scholar, Wharton Pension Research Council; and former Principal, Investment Strategy Group, The Vanguard Group “The Architecture of Wealth is an authoritative and remarkably accessible guide to modern portfolio construction, combining modern portfolio theory, behavioral finance, and alternative assets into actionable insights for both aspiring professionals and everyday investors. The book shows how diversification, cost discipline, and risk awareness can help any investor to navigate uncertainty confidently and build a more secure financial future.” —PETER LINDNER, PhD, former Financial Sector Expert, International Monetary Fund “Most investment books tell you what to buy, but The Architecture of Wealth actually shows you how to build. Clarke, Suntharam, and Wicas have masterfully bridged the gap between elite academic theory and the practical ‘blueprint’ every investor needs to build a resilient portfolio. The authors have taken 75 years of complex investment ideas and distilled them into a clear, accessible guide for anyone—from students to seasoned advisors. It’s a rare look at the ‘art and science’ of wealth that feels both deeply researched and incredibly useful for managing one’s own financial future.” —DAVID G. HENKIN, Lecturer, Johns Hopkins University; Board Member, Wheelhouse Analytics; former Chief Innovation Officer, Vertex; former Principal, The Vanguard Group; author of Fixing Work: A Tale about Designing Jobs Employees Love, winner of a Goody Business Book Award and Axiom Awards Gold Medal An accessible guide to the development of modern investment and portfolio theory and how you can use it to create an effective investment portfolio The Architecture of Wealth: The Art and Science of Portfolio Construction, by experienced investment researchers Andrew Clarke and Nelson Wicas with portfolio manager Ganesh Suntharam, is an in-depth strategy guide for building a portfolio using techniques that reliably result in superior returns. In the book, the authors outline the theory underlying modern portfolio construction, from the development of modern portfolio theory in the 1950s and 1960s to recent developments in behavioral economics. They also discuss the trial-and-error and compromise necessary to translate theory into real-world investing decision. Finally, the authors explain the advanced methodological and analytical techniques that they’ve used for over three decades to identify promising investing opportunities. An expert discussion of the last 75 years of investment management theory Explorations of risk models, optimization, and trading skill in the real world Step-by-step guides to constructing a modern investment portfolio Perfect for undergraduate students in advanced economics and investment management courses, The Architecture of Wealth is also a must-read for MBA students, professionals pursuing a Certified Financial Analyst designation, and anyone else with an interest in portfolio theory and how it can be effectively applied to the contemporary markets.

Pagina's: 336, Editie: Eerste editie, Hardcover, Wiley