Product Description

Investors and their advisors face a dizzying array of options when selecting investments. How to choose the optimal mix of stocks, bonds, real estate, and other assets? This book shows how to construct strategies that are appropriate for each investor.

With its detailed analysis, supported by data and anecdotes drawn from investment experience, it is above all a practical guide. It shows how new insights from behavioral analysis are widely reflected in the actual choices investors make. It also emphasises the importance of basing recommendations for investment strategy on the principles of traditional finance. And it statkes into account current research on the goals investors want to acheive and the mistakes they frequently make.

Peter Stanyer has written an extremely clear guide to the ins and outs of investment strategy.

Product Details

• Amazon Sales Rank: #268211 in Books
• Published on: 2006-09-01
• Released on: 2006-09-07
• Original language: English
• Number of items: 1
• Binding: Hardcover
• 250 pages

Features

• ISBN13: 9781576602379
• Condition: NEW
• Notes: Brand New from Publisher. No Remainder Mark.
• Click here to view our Condition Guide and Shipping Prices

From the Publisher
Advance praise for this book has been quite enthusiastic, both from professionals in finance and from academia.

"Peter Stanyer has laid out potentially very complex issues in a practical and investor-friendly fashion." - Christopher Hyzy, Chief Investment Stragegist, U.S. Trust

"Many investors have substantial business expertise and experience in specific capital markets. But such knowledge is not enough. Success requires an integrated view of the investment problem and of the full range of investment products. Peter Stanyer's excellent guide to strategy provides exactly this, summarizing the latest thinking in a concise, readable format." - John Y. Campbell, Department of Economics, Harvard University

"This book provides a thoughtful and incisive appraisl of the optimal approach to long-term investment, drawing on historical data, the latest academic studes, and best practices among institutional investors. It will be essential reading for investment advisors and private bankers as well as individual investors seeking to preserve and grow wealth." - John P. Calverley, Chief Economist and Strategist, American Express Bank

"Peter Stanyer uses both his practical investment experience and recent developments in financial economics to tackle many of the more important and compex decisions faced by investors. Don't expect to fine easy answers; do expect to be stimulated." - Richard Brealey, Emeritus Professor of Finance, London Business School

About the Author
Peter Stanyer is chief investment officer of Overture Investments, a New York-based investment firm. He was previously a managing director at Merrill Lynch. He has also worked as an economist for the Bank of England and for the International Monetary Fund.

Customer Reviews

like drinking from a fire-hose
The main thrust of this book is that disastrous outcomes are far more likely than people would like to think, esp if they feel they "know" a certain market. it spends a lot of time justifying the need for diversification and how people respond to risk and adverse outcomes (behavioral economics).

definitely directed at the deep pocketed and (would-be?) financial managers who invest large sums of money (for themselves or others). it does not give you a strategy to follow (any good book CANNOT).

it also tries to show both sides: it says equities can have more risk than people imagine and also says that given past performance long term investors may be bullish on equities (esp when compared with "safe haven" treasuries). it suggests that the investors value their appetite for risk and reward and invest accordingly.

though it frequently resorts to tables and graphs, it is not super technical but does try to cover a lot of jargon and work by current economic research.

Not for the average investor
I feel that this book is more for financial advisers and high-net investors rather than for an average equity-biased investor. The author is also succinct to the extent that it makes my head giddy.

Amended: I wrote the above when I had just started reading about investing, and was obviously immature to understand the nuances. I went back to reading this again recently, and I really enjoyed it. It has lot more wisdom to offer than most other books on investing. It's very analytical, un-biased towards investment classes, and offers lot of good perspectives on risk and expected return. I'd now give it 5 stars, but amazon wouldn't let me edit the rating.

Almost perfect
Despite the fact that I have an experience of over 20 years I found this book interesting. I would make language a bit easier, otherwise it is perfect