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010   $a3-319-43976-6
024 7 $a10.1007/978-3-319-43976-1
035   $a(CKB)3710000001064899
035   $a(DE-He213)978-3-319-43976-1
035   $a(MiAaPQ)EBC4806546
035   $a(EXLCZ)993710000001064899
100   $a20170215d2016      u|         0
101 0 $aeng
135   $aurnn#008mamaa
181   $ctxt$2rdacontent
182   $cc$2rdamedia
183   $acr$2rdacarrier
200 10$aApplied Investment Theory $eHow Markets and Investors Behave, and Why /$fby Les Coleman
205   $a1st ed. 2016.
210  1$aCham :$cSpringer International Publishing :$cImprint: Palgrave Macmillan,$d2016.
215   $a1 online resource $cillustrations (some color)
311   $a3-319-43975-8 
327   $a1) Introduction -- Part 1: Investment Theory and Practice -- 2) Current Paradigm: Neoclassical Investment Theory -- 3) Behavioural Biases in Investor Decisions -- Part 2: Empirical Evidence Relating to Markets and Investors -- 4) Uncertainty in Investor Wealth -- 5) Market Practice: What We Reliably Know About Structure -- 6) Investor Behaviour: What We Reliably Know About Conduct -- Part 3: Towards an Enhanced Theory of Investment -- 7) Extracting Investment Theory From Empirical Evidence -- 8) The Story of How Fund Managers Value Equities -- 9) Piecing Together the jigsaw: Applied Investment Theory.
330   $aInstitutions now dominate trading in equities around the world. Mutual funds are the most prominent, and doubly important as custodians of retirement savings. Despite this, there is no comprehensive description of fund manager behaviour, much less a matching theory. This is troubling because one of the most economically significant puzzles in finance is why experienced, well-resourced fund managers cannot outperform the market. Applied Investment Theory: How Equity Markets Behave, and Why brings together academic research, empirical evidence and real market experience to provide new insights into equity markets and their behaviours. The book draws upon the author?s rich industry experience and academic research, plus over 40 interviews with fund managers on three continents and across different markets. The result is an innovative model that explains the puzzle of poor performance by mutual funds in terms of structural features of markets, the managed investment industry, and the conduct of fund managers. This book provides a fully integrated depiction of what markets and investors do, and why ? insights that will resonate with the needs of investors, wealth managers and industry regulators. It is fully documented, but free of jargon and arcane math, and provides a grounded theory that is relevant to anyone who wants to pierce the opacity of mutual fund operations. Applied Investment Theory sets out a new paradigm in investment that is at the forefront of what should be an industrial-scale development of new finance theory following two decades of almost back-to-back financial crises.
606   $aInvestment banking
606   $aSecurities
606   $aMacroeconomics
606   $aCapital market
606   $aCapital investments
606   $aInvestments and Securities$3https://scigraph.springernature.com/ontologies/product-market-codes/626020
606   $aMacroeconomics/Monetary Economics//Financial Economics$3https://scigraph.springernature.com/ontologies/product-market-codes/W32000
606   $aCapital Markets$3https://scigraph.springernature.com/ontologies/product-market-codes/616000
606   $aInvestment Appraisal$3https://scigraph.springernature.com/ontologies/product-market-codes/612030
615  0$aInvestment banking.
615  0$aSecurities.
615  0$aMacroeconomics.
615  0$aCapital market.
615  0$aCapital investments.
615 14$aInvestments and Securities.
615 24$aMacroeconomics/Monetary Economics//Financial Economics.
615 24$aCapital Markets.
615 24$aInvestment Appraisal.
676   $a332.6
700   $aColeman$b Les$4aut$4http://id.loc.gov/vocabulary/relators/aut$0968568
906   $aBOOK
912   $a9910164983803321
996   $aApplied Investment Theory$92200010
997   $aUNINA