Robert C. Carlson

Invest Like a Fox... Not Like a Hedgehog (eBook, PDF)

How You Can Earn Higher Returns With Less Risk

• Format: PDF

Produktbeschreibung

Proven techniques for leading-instead of following-fast-changing markets Investors, no matter what strategy they are using, can be placed into two categories. Single-minded, inflexible hedgehogs lock into one strategy and stick with it through thick and thin. Dynamic, adaptable foxes, on the other hand, are alert for changes, learn from experience, embrace new ideas, and make the most of new trends and technologies. The key lies in being flexible and realizing that markets are dynamic. Invest Like a Fox . . . Not Like a Hedgehog shows investors how being a hedgehog can reduce returns while increasing the risk of a portfolio, and how acquiring the cunning and adaptability of the fox will improve returns while reducing risk. It reveals the shortcomings of popular but hedgehog-like investment strategies and shows how a fox-like investor adjusts to new market realities. Readers learn how to use the renowned Bayesian Theory of Probability and other guideposts from outside the world of finance to adjust their strategies and react to new information.

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Produktdetails

• Verlag: John Wiley & Sons
• Seitenzahl: 256
• Erscheinungstermin: 11. Juli 2007
• Englisch
• ISBN-13: 9780470167496
• Artikelnr.: 37290557

Autorenporträt

ROBERT C. CARLSON is Editor of the monthly newsletter Retirement Watch. He is also the managing member of Carlson Wealth Advisors, LLC. Carlson is Chairman of the Board of Trustees of the Fairfax County Employees' Retirement System, which has over $2.4 billion in assets, and was a member of the Board of Trustees of the Virginia Retirement System, which oversees $42 billion in assets. He has been interviewed by or quoted in numerous financial publications and has appeared on many national television and radio programs.

Inhaltsangabe

Foreword ix
Preface xiii
Acknowledgments xxi
About the Author xxiii
Chapter 1 Foxes vs. Hedgehogs 1
Chapter 2 Classic Hedgehog Investment Strategies 25
Chapter 3 The Modern Hedgehog Theory 45
Chapter 4 How Foxes Look at Markets 85
Chapter 5 The Valuation Cycle in Action 111
Chapter 6 Foxes and Reverend Bayes: Rational Investing in Irrational
Markets 133
Chapter 7 Advice for Foxes and Hedgehogs: Key Investment Mistakes to Avoid
177
Chapter 8 Portfolios of the Future 195
Index 227