Investment Philosophies, Second Edition
Successful Strategies and the Investors Who Made Them Work
by Aswath Damodaran
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Pub Date Jul 31 2012 | Archive Date Oct 10 2012
Description
Choosing the right investment philosophy is the heart of successful investing. To make the choice, though, you need to look within before you look outside. In the Second Edition of Investment Philosophies, New York University Stern Business School Professor Aswath Damodaran will help you do this by going beyond the simple explanations of traditional and alternative investment strategies to discuss the individual underlying philosophies that support these techniques.
This reliable resource skillfully explores many of the time-tested investment philosophies that have allowed investors to reap financial rewards over the years, including value investing, growth investing, technical analysis, market timing, arbitrage, indexing, and more.
Along the way, it exposes you to a wide array of investment philosophies so as to give you a sense of what drives investors in each one, how they attempt to put these philosophies into practice, and what determines ultimate success. Author Aswath Damodaran also supplies you with the tools -- the definition and measurement of risk, the notion of market efficiency and how to test for inefficiencies, and the components and determinants of trading costs -- and empirical evidence for you to make your own judgments on the investment philosophy that fits your specific investment goals and views of how markets work.
Filled with valuable insights and useful formulas, this book provides you with the information you need to pick an investment philosophy that is right for you. With the Second Edition of Investment Philosophies as your guide, you can enter the markets with confidence and exit with profits.
Aswath Damodaran, author of Investment Philosophies, Second Edition: Successful Strategies and the Investors Who Made Them Work, is Professor of Finance at New York University's Leonard N. Stern School of Business. He has been the recipient of numerous awards for outstanding teaching, including the NYU university-wide Distinguised Teaching Award, and was named one of the nation's top business school teachers by Business Week in 1994. In addition, Damodaran teaches training courses in corporate finance and valuation at many leading investment banks. His publications include Investment Valuation (now in its third edition), Damodaran on Valuation: Security Analysis for Investment and Corporate Finance; Corporate Finance; Investment Management; and Applied Corporate Finance, all published by Wiley, and The Dark Side of Valuation.
For more information please visit http://www.scribd.com, and follow the author on Facebook and Twitter
Advance Praise
"Damodaran is a well-informed scholar with a gift for organized,
clearly written syntheses of complex topics in modern finance.
With Investment Philosophies he provides the uncensored
facts about winning in the marketplace. If you are a fund manager,
an investor, or simply a student of finance, you will want to read
this book."
-- Tom Copeland, Managing Director of Corporate Finance,
Monitor
"Professor Damodaran has zeroed in on the most important missing
element of many investment management processes: a clearly defined
investment philosophy which can serve as a beacon in difficult
markets. He offers a cornucopia of philosophies and strategies
that have worked for many of the most successful investors, and
which have stood the test of time."
-- Rob Arnott, Chairman, First Quadrant, LP; Editor,
Financial Analysts Journal
"As an investor, I always have to look back to my philosophy and
strategy for taking risk and making money. This book is an
invaluable aid for 'taking stock' before buying stock. It lays out
the concepts and tools for understanding the basics of risk and
return in the stock market, and presents a framework for any
investor to construct his or her own investment philosophy."
-- Mitch Julis, Managing Partner, Canyon Capital Advisors
Available Editions
| EDITION | Hardcover |
| ISBN | 9781118011515 |
| PRICE | $75.00 (USD) |
| PAGES | 597 |
