The book explores the controversies that surround the management of wealth and provides guidance on how to construct investment strategies that are appropriate for each investor. With its detailed analysis, supported by data and anecdotes drawn from investment experiences, it is intended above all to be a practical guide. It shows how the insights of behavioural analysis are widely reflected in investor behaviour. It also emphasises the importance of basing recommendations for investment strategy on the principles of traditional finance. And it takes into account new research into behavioural and traditional finance which has created new understandings of what investors want to achieve and investors' customary mistakes. Part one considers the basics of investor objectives, behaviour, risk and investment allocation in terms of stocks, bonds and cash. Part two considers the things on which investors, their advisers and investment managers spend most of their time - the choice of money manager, bonds, equities, hedge fund strategies, private equity and real estate.
- ISBN10 1861978510
- ISBN13 9781861978516
- Publish Date 6 July 2006 (first published 1 January 2006)
- Publish Status Out of Print
- Out of Print 13 November 2009
- Publish Country GB
- Publisher Profile Books Ltd
- Imprint Economist Books
- Edition Main
- Format Hardcover
- Pages 272
- Language English