{"product_id":"competitive-advantage-in-investing-building-winning-professional-portfolios-hardback-9781119619840","title":"Competitive Advantage in Investing; Building Winning Professional Portfolios (Hardback) 9781119619840","description":"\u003cfont face=\"Georgia\"\u003e\r\n\u003cp\u003e\u003cfont size=\"6\"\u003eCompetitive Advantage in Investing\u003c\/font\u003e\u003cbr\u003e\r\n\u003cfont size=\"5\"\u003eBuilding Winning Professional Portfolios\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\r\n\u003cp\u003e\u003cfont size=\"4\"\u003eSteven Abrahams (Author)\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e9781119619840, Wiley\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eHardback, published 14 May 2020\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e288 pages\u003cbr\u003e23.4 x 15.8 x 3 cm, 0.476 kg\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\r\n\r\n\u003cp align=\"justify\"\u003e\u003cstrong\u003e\u003cfont size=\"3\"\u003e\u003cp\u003e\u003cb\u003eLinks theory and practice for investment professionals and portfolio managers, demonstrating why some portfolios consistently perform better than others\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eInvesting well, like any other business, depends on competitive advantage. Some portfolios reliably generate greater returns than others because they simply are better positioned to benefit from strengths and avoid weaknesses. Building and using competitive advantage becomes central to the daily work of the best mutual funds, hedge funds, banks, insurers and virtually every other type of portfolio. But competitive advantage commonly is overlooked in most written work for investment professionals. The literature often varies between abstract formal treatments and pragmatic workbooks with little in between. \u003ci\u003eCompetitive Advantage in Investing\u003c\/i\u003e fills the gap by integrating modern portfolio theory with actual practice in one comprehensive volume.\u003c\/p\u003e \u003cp\u003eThis innovative book guides investment professionals on building and sustaining competitive advantage and helps policymakers and researchers apply theory in a wide range of practical settings. Author Steven Abrahams—Senior Managing Director at Amherst Pierpont Securities and former Adjunct Professor of Finance and Economics at Columbia Business School—draws from his experience in both academic theory and real-life strategic investing to bridge the two worlds. This valuable resource:\u003c\/p\u003e \u003cul\u003e \u003cli\u003eConnects the formal literature on investing to the actual work of most institutional portfolio managers\u003c\/li\u003e \u003cli\u003eExamines core strengths and weaknesses that drive portfolio behavior at mutual and hedge funds, banks and insurers, at other institutions and for individuals\u003c\/li\u003e \u003cli\u003eDemonstrates how linking portfolio theory and practice can increase competitive advantage\u003c\/li\u003e \u003cli\u003eOffers a robust description of investing, markets, and asset value\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003e\u003ci\u003eCompetitive Advantage in Investing: Building Winning Professional Portfolios \u003c\/i\u003eis a must-have book for any investment professional, policymaker, or researcher.\u003c\/p\u003e\u003c\/font\u003e\u003c\/strong\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e\u003cp\u003ePreface ix\u003c\/p\u003e \u003cp\u003eAcknowledgments xiii\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart I Theory \u003c\/b\u003e\u003cb\u003e1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e1 Welcome, Harry Markowitz 3\u003c\/p\u003e \u003cp\u003e2 A Sharpe Line 17\u003c\/p\u003e \u003cp\u003e3 The Counsel of Critics 27\u003c\/p\u003e \u003cp\u003e4 Toward a New Capital Asset Pricing Model 35\u003c\/p\u003e \u003cp\u003e5 The Local Capital Asset Pricing Model 41\u003c\/p\u003e \u003cp\u003e6 Creating Competitive Advantage 53\u003c\/p\u003e \u003cp\u003e7 Building a Portfolio on Competitive Advantage 65\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart II Practice \u003c\/b\u003e\u003cb\u003e73\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e8 Investing for Total Return: Mutual Funds 75\u003c\/p\u003e \u003cp\u003e9 Investing for Total Return: Hedge Funds 99\u003c\/p\u003e \u003cp\u003e10 Investing for Banks, Thrifts, and Credit Unions 121\u003c\/p\u003e \u003cp\u003e11 Investing for Property\/Casualty and Life Insurers 159\u003c\/p\u003e \u003cp\u003e12 Investing for Broker\/Dealers 187\u003c\/p\u003e \u003cp\u003e13 Investing for Real Estate Investment Trusts 203\u003c\/p\u003e \u003cp\u003e14 Investing for Sovereign Wealth Funds 213\u003c\/p\u003e \u003cp\u003e15 Investing for Individuals 229\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart III Markets \u003c\/b\u003e\u003cb\u003e243\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e16 Turning the Tables: Investor Impact on Asset Values 245\u003c\/p\u003e \u003cp\u003eReferences 255\u003c\/p\u003e \u003cp\u003eAbout the Author 265\u003c\/p\u003e \u003cp\u003eIndex 267\u003c\/p\u003e\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eSubject Areas: Finance \u0026amp; accounting [\u003ca title=\"See our other books on Finance \u0026amp; accounting\" href=\"https:\/\/freshlyprintedbooks.co.uk\/search?q=%22Finance%20\u0026amp;%20accounting%20%5BKF%5D%22\"\u003eKF\u003c\/a\u003e]\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003c\/font\u003e","brand":"Wiley","offers":[{"title":"Brand New","offer_id":52428638093592,"sku":"9781119619840","price":36.49,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0730\/2037\/5320\/files\/9781119619840.jpg?v=1784682889","url":"https:\/\/freshlyprintedbooks.co.uk\/products\/competitive-advantage-in-investing-building-winning-professional-portfolios-hardback-9781119619840","provider":"Freshly Printed Books","version":"1.0","type":"link"}