This book takes a refreshing perspective: To excel at investment management, it is essential to identify the structural components of performance as well as the challenges of successfully executing on each component. This book should be required reading for any investor-whether institutional or individual.
Campbell Harvey, Fuqua School of Business, Duke University This wonderful book packs into two hundred ... Read morepages the central elements you need for successful investing. Essentials include identifying long-run return sources you understand and can believe in, cost-effectively constructing well-diversified portfolios across them while respecting your constraints, and avoiding common behavioral pitfalls. You learn to appreciate the role of luck in realized returns and to look beyond luck by better understanding the systematic factors driving your portfolio-or any asset manager's portfolio. Read it!
Antti Ilmanen, author, Expected Returns: An Investor's Guide to Harvesting Market Rewards Strongly based on solid research and clearly written, this important book is a great way to invest a day in increasing your investment success.
Charles D. Ellis, author, The Index Revolution and Winning the Loser's Game Well-researched and grounded in academic literature, Hugues and Lussier's book asks the important question: What drives long-term investment performance? Professionals and portfolio managers will find many gems in this book.
Anurag Sharma, University of Massachussetts-Amherst Show Less