DIY financial advisor : a simple solution to build and protect your wealth /: a simple solution to build and protect your wealth. (2015)
- Record Type:
- Book
- Title:
- DIY financial advisor : a simple solution to build and protect your wealth /: a simple solution to build and protect your wealth. (2015)
- Main Title:
- DIY financial advisor : a simple solution to build and protect your wealth
- Further Information:
- Note: Wesley R. Gray, Jack R. Vogel and David P. Foulke.
- Authors:
- Gray, Wesley R
Vogel, Jack R
Foulke, David P - Contents:
- Preface xi Acknowledgments xiii PART ONE Why You Can Beat the Experts 1 CHAPTER 1 Are Experts Trying Too Hard? 3 Why Do We Rely on Experts? 6 What Are the Experts’ Incentives? 9 Are Experts Worthless? 11 The Expert’s Hypothesis 13 Summary 14 Notes 15 CHAPTER 2 Simple Models Typically Beat the Experts 17 The Evidence Shows… 20 A Study of All the Studies 21 What if Experts Have the Model? 23 But Investing Is Different, Right? 24 Why Experts Fail to Beat Models 26 Summary 28 Notes 29 CHAPTER 3 Experts Are Biased and Overconfident 31 The Biased Brain 33 Summary 47 Notes 48 CHAPTER 4 Experts Tell Us Stories, Not Facts 49 Story-Based Investing 52 Evidence-Based Investing 53 The Recap: Why Experts Fail 60 Why Not Use Models? 62 Summary 63 Notes 64 PART TWO How You Can Beat the Experts 67 CHAPTER 5 A Framework for Investment Decisions 69 Assessing an Advisor Is Difficult 71 The FACTS Framework 75 We’ve Got the FACTS: Now What? 86 Summary 90 Notes 90 CHAPTER 6 A Simple Asset Allocation Model That Works 91 Asset Allocation 95 A Simple Asset Allocation Model That Works 98 But Which Assets Do We Choose? 103 Summary 104 Notes 105 CHAPTER 7 A Simple Risk Management Model That Works 107 A Simple Risk Management Model That Works 109 How Does ROBUST Work? 113 Summary 121 Risk Management Research (For Geeks Only) 121 Notes 129 CHAPTER 8 Simple Security Selection Models That Work 133 Value Investing 134 Momentum Investing 140 A Simple Momentum Model That Works 146Preface xi Acknowledgments xiii PART ONE Why You Can Beat the Experts 1 CHAPTER 1 Are Experts Trying Too Hard? 3 Why Do We Rely on Experts? 6 What Are the Experts’ Incentives? 9 Are Experts Worthless? 11 The Expert’s Hypothesis 13 Summary 14 Notes 15 CHAPTER 2 Simple Models Typically Beat the Experts 17 The Evidence Shows… 20 A Study of All the Studies 21 What if Experts Have the Model? 23 But Investing Is Different, Right? 24 Why Experts Fail to Beat Models 26 Summary 28 Notes 29 CHAPTER 3 Experts Are Biased and Overconfident 31 The Biased Brain 33 Summary 47 Notes 48 CHAPTER 4 Experts Tell Us Stories, Not Facts 49 Story-Based Investing 52 Evidence-Based Investing 53 The Recap: Why Experts Fail 60 Why Not Use Models? 62 Summary 63 Notes 64 PART TWO How You Can Beat the Experts 67 CHAPTER 5 A Framework for Investment Decisions 69 Assessing an Advisor Is Difficult 71 The FACTS Framework 75 We’ve Got the FACTS: Now What? 86 Summary 90 Notes 90 CHAPTER 6 A Simple Asset Allocation Model That Works 91 Asset Allocation 95 A Simple Asset Allocation Model That Works 98 But Which Assets Do We Choose? 103 Summary 104 Notes 105 CHAPTER 7 A Simple Risk Management Model That Works 107 A Simple Risk Management Model That Works 109 How Does ROBUST Work? 113 Summary 121 Risk Management Research (For Geeks Only) 121 Notes 129 CHAPTER 8 Simple Security Selection Models That Work 133 Value Investing 134 Momentum Investing 140 A Simple Momentum Model That Works 146 Combining Value and Momentum 148 International Stocks 151 Get ‘Er Done 153 Summary 154 Notes 154 CHAPTER 9 The Do-It-Yourself (DIY) Solution 157 Exploring a Simple Equal-Weight Five Asset Class Model 159 Enhancing the Ivy 5 Concept 163 Finish Strong: The Ultimate DIY Solution 171 Get ‘Er Done 175 Notes 176 CHAPTER 10 Some Practical Advice 179 Three Reasons We Will Not Be a DIY Investor 180 Three Reasons You Might Fail 183 But Don’t Lose Hope! 185 Is DIY the Only Solution? 186 Notes 187 Appendix: Analysis Legend 189 About the Companion Website 191 About the Authors 193 Index 195 … (more)
- Edition:
- 1st
- Publisher Details:
- Hoboken, New Jersey : John Wiley & Sons, Inc
- Publication Date:
- 2015
- Extent:
- 1 online resource
- Subjects:
- 332.024
Portfolio management
Families -- Economic aspects
Wealth -- Management
Investment advisors - Languages:
- English
- ISBNs:
- 9781119124900
9781119124917 - Related ISBNs:
- 9781119071501
- Notes:
- Note: Description based on CIP data; item not viewed.
- Access Rights:
- Legal Deposit; Only available on premises controlled by the deposit library and to one user at any one time; The Legal Deposit Libraries (Non-Print Works) Regulations (UK).
- Access Usage:
- Restricted: Printing from this resource is governed by The Legal Deposit Libraries (Non-Print Works) Regulations (UK) and UK copyright law currently in force.
- View Content:
- Available online (eLD content is only available in our Reading Rooms) ↗
- Physical Locations:
- British Library HMNTS - ELD.DS.43024
- Ingest File:
- 02_052.xml