Better than Alpha: Three Steps to Capturing Excess Returns in a Changing World by Christopher M. Schelling
Requirements: .ePUB reader, 3.2 MB
Overview: A powerful new approach for giving up the ghost of alpha—and building an investing portfolio that meets your objectives
The concept of beating markets is just a lot of hype. Successful investors don’t find “alpha,” they find value―and that’s what this book helps you do.
Better Than Alpha provides the perspective, insights, and tools you need to retrain your focus away from searching for alpha and toward actions that produce superior investment outcomes.
Chris Schelling explains why strategies based on “beating the markets” are doomed to failure and provides a simple three-step framework for making better investment decisions: Behavior (smart thinking), Process (smart habits), Organization (smart governance). He explains why the search for alpha is destined to fail, the major role behavioral finance plays in so much wasted time, effort, and money, and, most important, how to avoid common mistakes and maximize your efforts.
Genre: Non-Fiction > General
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