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Behavioral Portfolio Management : How Successful Investors Master Their Emotions and Build Superior Portfolios by C. Thomas Howard is a nonfiction available to read on EtoBox.

What is Behavioral Portfolio Management : How Successful Investors Master Their Emotions and Build Superior Portfolios about?

The investment industry is on the cusp of a major shift, from Modern Portfolio Theory (MPT) to Behavioral Finance, with Behavioral Portfolio Management (BPM) the next step in this transition. BPM focuses on how to harness the price distortions that are driven by emotional crowds and use this to create superior portfolios. Once markets and investing are viewed through the lens of behavior, and portfolios are constructed on this basis, investable opportunities become readily apparent. Mastering your emotions is critical to the process and the insights provided by Tom Howard put investors on the path to achieving this. Forty years of Behavioral Science research presents a clear picture of how individuals make decisions; there are few signs of rationality. Indeed, emotional investors sabotage their own efforts in building long-horizon wealth. When this is combined with the misconception that active management is unable to generate superior returns, the typical emotional investor leaves hundreds of thousands, if not millions, of dollars on the table during their investment lifetimes. Howard moves on to show how industry practice, with its use of the style grid, standard deviation, cor

Who reads Behavioral Portfolio Management : How Successful Investors Master Their Emotions and Build Superior Portfolios?

Author

C. Thomas Howard

Publisher

Harriman House Publishing

Published

2014

Language

EN

ISBN

9780857193575

Category

nonfiction

Subjects

Management, Economics, Finance