Ralph Birchmeier

Reasons to Pass

A Guide to Making Fewer and Better Investments

• Gebundenes Buch

Produktbeschreibung

Ralph Birchmeier argues that an optimal portfolio-building strategy means patiently waiting for the few investments worthy of capital allocation. He outlines the principles required for success then examines specific reasons to pass on investments, detailing behavioral biases that disrupt optimal decision making.

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Produktdetails

• Verlag: Columbia University Press
• Seitenzahl: 320
• Erscheinungstermin: 7. März 2023
• Englisch
• Abmessung: 161mm x 239mm x 27mm
• Gewicht: 654g
• ISBN-13: 9780231207089
• ISBN-10: 0231207085
• Artikelnr.: 64476900

Autorenporträt

Ralph Birchmeier

Inhaltsangabe

Part I. Principles and More
Introduction
1. Reasons to Pass: Investment Principles
2. Main Street Versus Wall Street: A Rigged Market?
3. Fundamental Analysis in the Digital Age
4. Indexing: A Viable Option
Part II. Reasons to Pass
Introduction
5. Minimum Market Capitalization
6. Financial Leverage: The Ultimate Killer
7. High¿Fixed Cost Businesses
8. Accounting
9. Regulatory Uncertainty
10. Corporate Governance
11. Asset Liability Mismatch
12. Deep Cyclical Companies Near Cycle Peak
13. High-Cost Commodity Businesses
14. Cash Flow and Earnings Disconnect
15. Structurally Declining Businesses
16. Obsolescence Risk
17. Valuation: A Critical Protector of Capital and Returns
18. Lollapalooza Effect
Part III. Reasons to Buy
Introduction
19. Screening
20. Growth Stocks
21. Core Characteristics of Successful Investors
22. Viable, and Buyable, Investment Opportunities
23. Selling Discipline
Conclusion
Index