The Investor's Paradox

The Power of Simplicity in a World of Overwhelming Choice

Business & Finance, Personal Finance, Investing, Finance & Investing, Investments & Securities
Cover of the book The Investor's Paradox by Brian Portnoy, St. Martin's Press
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Brian Portnoy ISBN: 9781137401267
Publisher: St. Martin's Press Publication: January 7, 2014
Imprint: St. Martin's Press Language: English
Author: Brian Portnoy
ISBN: 9781137401267
Publisher: St. Martin's Press
Publication: January 7, 2014
Imprint: St. Martin's Press
Language: English

Investors are in a jam. A troubled global economy, unpredictable markets, and a bewildering number of investment choices create a dangerous landscape for individual and institutional investors alike. To meet this challenge, most of us rely on a portfolio of fund managers to take risk on our behalves. Here, investment expert Brian Portnoy delivers a powerful framework for choosing the right ones – and avoiding the losers.

Portnoy reveals that the right answers are found by confronting our own subconscious biases and behavioral quirks. A paradox we all face is the natural desire for more choice in our lives, yet the more we have, the less satisfied we become – whether we're at the grocery store, choosing doctors, or flipping through hundreds of TV channels. So, too, with investing, where there are literally tens of thousands of funds from which to choose. Hence "the investor's paradox": We crave abundant investment choices to conquer volatile markets, yet with greater flexibility, the more overwhelmed and less empowered we become.

Leveraging the fresh insights of behavioral economics, Portnoy demystifies the opaque world of elite hedge funds, addresses the limits of mass market mutual funds, and discards the false dichotomy between "traditional" and "alternative" investments. He also explores why hedge funds have recently become such a controversial and disruptive force. Turns out it's not the splashy headlines – spectacular trades, newly minted billionaires, aggressive tactics – but something much more fundamental. The stratospheric rise to prominence and availability of alternative strategies represents a further explosion in the size and complexity of the choice set in a market already saturated with products. It constitutes something we all both crave and detest.

The Investor's Paradox lights a path toward simplicity in a world of dangerous markets and overwhelming choice. Written in accessible, jargon-free language, with a healthy skepticism of today's money management industry, it offers not only practical tools for investment success but also a message of empowerment for investors drowning in possibility.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

Investors are in a jam. A troubled global economy, unpredictable markets, and a bewildering number of investment choices create a dangerous landscape for individual and institutional investors alike. To meet this challenge, most of us rely on a portfolio of fund managers to take risk on our behalves. Here, investment expert Brian Portnoy delivers a powerful framework for choosing the right ones – and avoiding the losers.

Portnoy reveals that the right answers are found by confronting our own subconscious biases and behavioral quirks. A paradox we all face is the natural desire for more choice in our lives, yet the more we have, the less satisfied we become – whether we're at the grocery store, choosing doctors, or flipping through hundreds of TV channels. So, too, with investing, where there are literally tens of thousands of funds from which to choose. Hence "the investor's paradox": We crave abundant investment choices to conquer volatile markets, yet with greater flexibility, the more overwhelmed and less empowered we become.

Leveraging the fresh insights of behavioral economics, Portnoy demystifies the opaque world of elite hedge funds, addresses the limits of mass market mutual funds, and discards the false dichotomy between "traditional" and "alternative" investments. He also explores why hedge funds have recently become such a controversial and disruptive force. Turns out it's not the splashy headlines – spectacular trades, newly minted billionaires, aggressive tactics – but something much more fundamental. The stratospheric rise to prominence and availability of alternative strategies represents a further explosion in the size and complexity of the choice set in a market already saturated with products. It constitutes something we all both crave and detest.

The Investor's Paradox lights a path toward simplicity in a world of dangerous markets and overwhelming choice. Written in accessible, jargon-free language, with a healthy skepticism of today's money management industry, it offers not only practical tools for investment success but also a message of empowerment for investors drowning in possibility.

More books from St. Martin's Press

Cover of the book The Story of Spanish by Brian Portnoy
Cover of the book Taming the Highlander by Brian Portnoy
Cover of the book China's First Emperor and His Terracotta Warriors by Brian Portnoy
Cover of the book Drilled: A Novel by Brian Portnoy
Cover of the book You Know Me Well by Brian Portnoy
Cover of the book Hugo Chávez by Brian Portnoy
Cover of the book I Like You Just the Way I Am by Brian Portnoy
Cover of the book Gypsy Boy on the Run by Brian Portnoy
Cover of the book Desserts from an Herb Garden by Brian Portnoy
Cover of the book Include Me Out by Brian Portnoy
Cover of the book The Eternal Party by Brian Portnoy
Cover of the book Untying the Knot by Brian Portnoy
Cover of the book Poison Kissed by Brian Portnoy
Cover of the book A Sweet and Glorious Land by Brian Portnoy
Cover of the book The Spartan Way by Brian Portnoy
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy