E-Book Overview
With detailed analysis supported by data and anecdotes drawn from investment experiences, this practical guide emphasizes the importance of basing recommendations for investment strategy on the principles of traditional finance.
E-Book Content
“Many investors have substantial business expertise, and experience in specific capital markets. But such knowledge is not enough. Success requires an integrated view of the investment problem, and of the full range of investment products. Peter Stanyer’s excellent guide to investment strategy provides exactly this, summarising the latest thinking in a concise, readable format.” John Campbell, Professor of Economics, Harvard University “Peter Stanyer uses both his practical investment experience and recent developments in financial economics to tackle many of the more important and complex decisions faced by investors. Don’t expect to find simple answers; do expect to be stimulated.” Richard Brealey, Emeritus Professor of Finance, London Business School “This book provides a thoughtful and incisive appraisal of the optimal approach to long-term investment, drawing on historical data, the latest academic studies and best practice among institutional investors. It will be essential reading for investment advisers and private bankers as well as individual investors seeking to preserve and grow wealth.” John Calverley, Chief Economist and Strategist, American Express Bank “Investing today grows more complex by the day, and it is important to take a step back and simplify the foundation of the principles that guide the desired results. This guide does just that in a practical and accessible manner.” Christopher Hyzy, Investment Strategist, U.S. Trust “Peter Stanyer has used the full breadth of his experience to construct a guide which is practical but also insightful. The style is that of a knowledgeable friend, telling interesting stories