After more than forty years of investment research and practice, financial expert Robert Hagin has seen firsthand how misconceptions about investing have adversely affected the well-being of countless people. He knows that both amateur and professional investors alike are susceptible to making costly investment mistakes–primarily due to widely accepted investing "myths."

In Investment Management: Portfolio Diversification, Risk, and Timing–Fact and Fiction, Hagin clears the air by explaining the evolution, meaning, and practical significance of investment "facts" that have been gleaned from hundreds of scientific research studies conducted by Nobel laureates, university researchers, and quantitatively oriented investment professionals.

Filled with in-depth insights and practical advice, this comprehensive investment resource will put you on the path to investment success. Opening with detailed discussions of distinguishing noise from information, the notion of an efficient market, and other relevant issues, the first part of this book will help you regain your investment bearings. Once you’re on the right track, Investment Management will help you stay on it by showing you how to examine earnings, avoid the "torpedo effect," and understand the risk-reward trade-offs of market-timing strategies. With these tools and techniques in hand, you’ll learn how to put all the pieces of the investment puzzle together and sustain long-term investmentsuccess.

To increase the relevance of the message contained within the pages of Investment Management, this book has been organized around questions and answers. By learning the correct answers to these questions, you will significantly increase your effectiveness as a hands-on investor and as a fiduciary. To facilitate an even higher level of understanding, the occasionally formidable math and technical jargon that characterizes most academic research has been removed–and replaced with easily understood explanations. Technical details have also been kept to a bare minimum to help smooth out your learning curve.

Over the course of your lifetime you have probably acquired a lot of knowledge about investing–some of it fact and some of it fiction. When you invest, or when you supervise professional investors as a fiduciary, you rely on the considerable knowledge you have gained along the way. Let Investment Management show you how to refine your skills and create successful investment strategies that will last longer than just the nextquarter.

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26 September 2009 13:05 | ICQ: -- |