Investor's Paradox: The Power of Simplicity in a World of Overwhelming Choice
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Investor's Paradox: The Power of Simplicity in a World of Overwhelming Choice

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Investor's Paradox: The Power of Simplicity in a World of Overwhelming ChoiceInvestors are in a jam. A troubled global economy, unpredictable markets, and a bewildering number of investment choices create a dangerous landscape for individual and institutional investors alike. To meet this challenge, most of us rely on a portfolio of fund managers to take risk on our behalves. Here, investment expert Brian Portnoy delivers a powerful framework for choosing the right ones and avoiding the losers. Portnoy reveals that the right

Investors are in a jam. A troubled global economy, unpredictable markets, and a bewildering number of investment choices create a dangerous landscape for individual and institutional investors alike. To meet this challenge, most of us rely on a portfolio of fund managers to take risk on our behalves. Here, investment expert Brian Portnoy delivers a powerful framework for choosing the right ones - and avoiding the losers.

Portnoy reveals that the right answers are found by confronting our own subconscious biases and behavioral quirks. A paradox we all face is the natural desire for more choice in our lives, yet the more we have, the less satisfied we become - whether we're at the grocery store, choosing doctors, or flipping through hundreds of TV channels. So, too, with investing, where there are literally tens of thousands of funds from which to choose. Hence "the investor's paradox": We crave abundant investment choices to conquer volatile markets, yet with greater flexibility, the more overwhelmed and less empowered we become.

Leveraging the fresh insights of behavioral economics, Portnoy demystifies the opaque world of elite hedge funds, addresses the limits of mass market mutual funds, and discards the false dichotomy between "traditional" and "alternative" investments. He also explores why hedge funds have recently become such a controversial and disruptive force. Turns out it's not the splashy headlines - spectacular trades, newly minted billionaires, aggressive tactics - but something much more fundamental. The stratospheric rise to prominence and availability of alternative strategies represents a further explosion in the size and complexity of the choice set in a market already saturated with products. It constitutes something we all both crave and detest.

The Investor's Paradox lights a path toward simplicity in a world of dangerous markets and overwhelming choice. Written in accessible, jargon-free language, with a healthy skepticism of today's money management industry, it offers not only practical tools for investment success but also a message of empowerment for investors drowning in possibility.



Binding Type: Hardcover
Publisher: St. Martin's Press
Published: 01/07/2014
ISBN: 9781137278487
Pages: 239
Weight: 0.95lbs
Size: 9.62h x 6.38w x 0.93d
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SKU: 51364684467

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Beautiful vanity. Great quality made of sturdy wood. Looks expensive. Was easy to put together because it had step-by-step instructions. It took me a long time because I did it by myself, but easy. The only thing that did not look nice on it was the silver screws showing on the outside and they just give you little white paper stickers to put over them. Would have been better if the screws and bolts would’ve came colored white to match the vanity. I will paint them white myself, but that’s the only thing that didn’t look nice on it. The rest of it is very nice. Highly recommend for anyone to purchase! My granddaughter will love it!
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