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Record Nr. |
UNINA9910813887803321 |
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Autore |
Morris Gregory L |
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Titolo |
Investing with the trend : a rules-based approach to money management / / Gregory L. Morris |
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Pubbl/distr/stampa |
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Hoboken, New Jersey : , : Bloomberg Press, , 2014 |
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©2014 |
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ISBN |
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1-118-72669-3 |
1-118-80834-7 |
1-118-72697-9 |
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Edizione |
[1st edition] |
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Descrizione fisica |
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1 online resource (498 p.) |
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Collana |
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Bloomberg financial series |
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Disciplina |
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Soggetti |
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Lingua di pubblicazione |
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Formato |
Materiale a stampa |
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Livello bibliografico |
Monografia |
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Note generali |
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Description based upon print version of record. |
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Nota di bibliografia |
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Includes bibliographical references and index. |
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Nota di contenuto |
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Investing with the Trend: A Rules-Based Approach to Money Management; Copyright; Contents; Foreword; Preface; Acknowledgments; Chapter 1: Introduction; Believable Misinformation; Indicators and Terminology You Should Be Familiar with; Living in the Noise; Data; Part I: Market Fiction, Flaws, and Facts; Chapter 2: Fictions Told to Investors; Believable Misinformation in Investing; The Void of Accountability; Hiding behind Statistics; You Must Remain Invested or You Will Miss the 10 Best Days of the Year; Diversification Will Protect You?; Dollar Cost Averaging |
Compounding Is the Eighth Wonder of the WorldRelative Performance; Chapter 3: Flaws in Modern Financial Theory; What Modern Portfolio Theory Forgot or Ignored; Modern Portfolio Theory and the Bell Curve; Black Monday, October 19, 1987; Tails Wagging the Dog; Standard Deviation (Sigma) and Its Shortcomings; Improper Process; High Sigma Days We All Remember; Black Monday, October 28 and Black Tuesday, October 29, 1929; Black Monday, October 19, 1987; 1885-2012; Rolling Returns and Gaussian Statistics; Risk and Uncertainty; Back to the Original Question: Is Volatility Risk? |
Is Linear Analysis Good Enough?Linear Regression Must Have Correlation; The 60/40 Myth Exposed; Discounted Cash Flow Model; Chapter 4: Misuse of Statistics and Other Controversial Practices; The |
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Deception of Average; One If by Land, Two If by Sea; Everything on Four Legs Is a Pig; Chapter 5: The Illusion of Forecasting; The Reign of Error; An Investment Professional's Dilemma; Gurus/Experts; Masking an Intellectual Void; Earnings Season; Are Financial Advisors Worth 1 Percent of AUM (Assets under Management)?; Economists Are Good at Predicting the Market; News Is Noise |
Chapter 6: The Enemy in the MirrorReal Time versus History; Behavioral Investing; Behavioral Biases; Ambiguity Aversion; Anchoring; Availability; Calendar Effects; Cognitive Dissonance; Communal Reinforcement; Confirmation Bias; Disposition Effect; Endowment Effect; Halo Effect; Herding; Hindsight Bias; Loss Aversion/Risk Aversion; Overconfidence; Overreaction; Prospect Theory; Recency; Representativeness; Selective Thinking; Self-Attribution; Self-Deception; Status Quo Bias; Underreaction; Bias Tracks for Investors; Investor Emotions; Investors as a Whole Do Poorly |
Chapter 7: Market Facts: Bull and Bear MarketsCalendar versus Market Math; Stock Exchange Holidays; Understanding the Past; Bull Markets; Bear Markets; Just How Bad Can a Bear Market Be?; Bear Markets and Withdrawals; Market Volatility; Highly Volatile Periods; Dispersion of Prices; Secular Markets; Secular Bull Markets; Secular Bull Markets since 1900; Secular Bull Data; Secular Bull Market Composite; Secular Bear Markets; Secular Bear Markets since 1900; Secular Bear Data; Secular Bear Market Composite; The Last Secular Bear Market (1966-1982) |
Chapter 8: Market Facts: Valuations, Returns, and Distributions |
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Sommario/riassunto |
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Investing with the Trend provides an abundance of evidence for adapting a rules-based approach to investing by offering something most avoid, and that is to answer the "why" one would do it this way. It explains the need to try to participate in the good markets and avoid the bad markets, with cash being considered an asset class. The book is in three primary sections and tries to leave no stone unturned in offering almost 40 years of experience in the markets. Part I - The focus is on much of the misinformation in modern finance, the inappropriate use of Gaussian statistics, |
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