Winning at Active Management : The Essential Roles of Culture, Philosophy, and Technology /: The Essential Roles of Culture, Philosophy, and Technology. (2016)

• Record Type: Book
• Further Information: Note: William W. Priest, Steven D. Bleiberg, Michael A. Welhoelter, John Keefe.
• Authors: Priest, William W; Bleiberg, Steven D; Welhoelter, Michael A
• Other Names: Keefe, John contributor.
• Contents: Preface Not Dead Yet: How the Right Culture, Philosophy, and Technology Enable Active Investment Managers to Add Value Part I Culture Chapter 1 Culture at the Core The Original Organizational Culture: Command-and-Control An Alternative Culture for Knowledge Businesses The Partnership Culture Model Justice and Fairness Chapter 2 Culture in Investment Management Values Integrity Trust Culture and Clients Firm Culture under Stress Culture in Recruiting Acquisitions Evolution of Culture Part II Philosophy and Methodology Chapter 3 The Nature of Equity Returns The Real Economy versus the Financial Economy Components of Stock Returns Price–Earnings Ratios The Historical Makeup of Stock Returns Chapter 4 The Great Investment Debate: Active or Passive Management? The Debate Is Timeless An Elegant Theory: The Capital Asset Pricing Model Further Elegance: The Efficient Market Hypothesis Reality intrudes The Problem with MPT Chapter 5 A More Human Description of Investors and Markets: Behavioral Finance Loss Aversion Mental Accounting Minimizing Regret Overconfidence Extrapolation and Reversal Investor Behavior in Action MPT Still Lives Chapter 6 Active Versus Passive Management: The Empirical Case Market Regimes Correlation and Dispersion Company Quality The Weight of Cash Luck Versus Skill Investors Voting with Their Dollars Chapter 7 The Case for Active Management April 2015: Investment Giants Square Off in New York City An Active-Passive Equilibrium The Case for Active Management Chapter 8 Debates on Active Managers’ Styles and Methods Manager Style Free Cash Flow Is the Measure of Value Depreciation Accruals Research and Development Costs The CFO Perspective Chapter 9 The Jump from Company Earnings to Stock Prices Flaws in Traditional Valuation Measures Accounting Versus Finance: A Case Study Chapter 10 Epoch’s Investment Philosophy The Starting Point: Generating Free Cash Flow Choosing to Reinvest Capital Investment: Returns and Capital Costs Once More: Cash-Flow–Based Measures Are Superior Trends in Capital Allocation Dividends Share Repurchases Debt Buydowns Capital Allocation: What’s the Right Mix? Part III Technology Chapter 11 High-Speed Technology Information Technology: Three Relentless Forces Chapter 12 Technology in Investing Information at Work Order from Chaos: Applying Scientific Frameworks Computers to the Rescue A Virtuous Circle Expansion of Index Funds Betting against the CAPM Concurrent Developments The Spread of Quant Computing and Data, Neck and Neck Big Data—beyond Bloomberg Artificial Intelligence Chapter 13 The Epoch Core Model Factors in the Epoch Core Model Results of the Epoch Core Model Chapter 14 Racing with the Machine Investing Is Too Important for Robots Alone Racing with the Machine Seeking High Return on Capital A More Practical Study Is Persistence Contradictory? An ROIC strategy The Value of Judgment Epilogue Appendix A: Selected Articles and White Papers of Epoch Investment Partners Appendix B: Financial Asset Valuation Appendix C: Feathered Feast: A Case Acknowledgments About the Auhtors Index
• Edition: 1st
• Publisher Details: Wiley
• Publication Date: 2016
• Extent: 1 online resource (336 pages)
• Languages: English
• ISBNs: 9781119051909
• 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.