Winning at Active Management: The Essential Roles of Culture, Philosophy, and Technology
| Author | : | |
| Rating | : | 4.23 (908 Votes) |
| Asin | : | 1119051827 |
| Format Type | : | paperback |
| Number of Pages | : | 336 Pages |
| Publish Date | : | 2015-12-09 |
| Language | : | English |
DESCRIPTION:
The book also contrasts traditional methods of portfolio management, based on accounting metrics and price-earnings ratios, with Epoch Investment Partners’ philosophy of investing on free cash flow and appropriate capital allocation.Winning at Active Management closes with an inquiry into the crucial and growing role of technology in investing. The ongoing debate over active versus passive management is reviewed in detail, drawing on both financial theory and real-world investing results. Winning at Active Management conducts an in-depth examination of crucial issues facing the investment management industry, and will be a valuable resource for asset managers, institutional consultants, managers of pension and endowment funds, and advisers to individual investors. Drawing on behavioral economic theory and empirical research, the book makes a convincing case that many acti
Winning at Active Management is a bold step forward in filling this gap.”- Campbell R. Harvey, Ph.D., Professor of Finance, Duke University, Co-author, Corporate Culture: Evidence from the Field “Bill Priest and his co-authors expertly capture what's at stake in the debate about active versus passive investing. Praise for Winning at Active Management“In this highly accessible book, Bill Priest and his co-authors do a masterful job demonstrating the critical components of success for any investment manager: maintaining the right culture, developing a rigorous and effective investment philosophy, and embracing technologies that can capture greater value from fundamental insights. Investors interested in improving their results will benefit from the five decades of wisdom and experience that are so engagingly captured here, and come away with profound insights about the active/passive
For Clients of this Firm Only After reading a blurb from this book I eagerly got my copy, esp. since I actually owned EPHC before and was familiar with Bill Priest. I'm left somewhat dumbfounded. Here's why:*who is this book for? I'm not really sure. Interspersed with pedestrian discussions of cash flow and PE ratios comes a pitch - sorta - for active management -