All aspects of fund management are explained in this book, from an overview of money manager styles to performance comparisons and conducting the manager search. Practical features include how to... This description may be from another edition of this product.
Very insightful in helping understand the elements that must be considered in investing into a portfolio and in managing a portfolio. Very well written and complete.
Great for learning the components of investment return
Published by Thriftbooks.com User , 23 years ago
The book is very well written and strikes the right balance between portfolio math and a discussion of the various ideas in investment performance. I specialize in automating financial reports and this book explained what many of these reports were trying to do (but which, I now see, could do better). I spent ($$$) for this book (...) and it was well worth it. This book isn't about beating the market, it's about understanding the components of one's investment return. How much is related to the balance of the portfolio, the stock selection, the market's broad movement. Was the manager taking unnecessary risks? If he did well was it due more to the portfolio's balance or the market's movement. I also keep going back to this book, it's a great reference.
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