The Investor's Paradox: The Power of Simplicity in a World of Overwhelming Choice
by Brian Portnoy  (Author)

About the Author
Brian Portnoy, Ph.D., CFA, is a veteran of the hedge fund and mutual fund industries. He is currently the Director of Investment Education at Virtus Investment Partners, where he leads the firm's educational initiatives for clients and financial advisors. Over the previous two decades, he held senior strategy, investment, and research roles at Chicago Equity Partners, Mesirow Financial, and Morningstar. Brian is a regular contributor at Forbes.com, speaks about investing and decision-making to audiences all over the world, and has lectured on complex investments at the U.S. Securities and Exchange Commission as part of their Leading Authors series. Brian holds a doctorate in international political economy from the University of Chicago, and earned his B.A. from the University of Michigan. Brian holds the Chartered Financial Analyst (CFA) designation and is a member of the Economic Club of Chicago.

About this book
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.

Brief contents
Introduction: The Trillion-Dollar Job That No One Talks About
Part I Challenge
Chapter 1: More
Chapter 2: Picking Winners Losers
Chapter 3: Alternative States
Part II Solution
Chapter 4: Adaptation
Chapter 5: Madoff’s Hobgoblins
Chapter 6: The Devil(s) You Know
Chapter 7: Parsing Lake Wobegon
Chapter 8: Less
Notes
Index

Length: 256 pages
Publisher: St. Martin's Press (January 7, 2014)
Language: English
ISBN-10: 113727848X
ISBN-13: 978-1137278487

我也对此感兴趣，同求。

所需资料已上传，请查收。祝阅读愉快！

十分抱歉，由于疏于查对，上传的资料为非完整版本。
请上传一任意文件，定价500，我将论坛币退还给您，待以后有完整版本后，再发给你。

可以由我来执行退还论坛币的操作，如果确认请回复。以防你已经购买返还过了。