Expected Returns: An Investors Guide to Harvesting Market Rewards

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Expected returns of major asset classes, investment strategies, and the effects of underlying risk factors such as growth, inflation, liquidity, and different risk perspectives, are also explained. Judging expected returns requires balancing historical returns with both theoretical considerations and current market conditions.

Expected Returns provides extensive empirical evidence, surveys of risk-based and behavioral theories, and practical insights. Read more Read less. Add all three to Cart Add all three to List. These items are shipped from and sold by different sellers. Buy the selected items together This item: Ships from and sold by Fairview Books. Ships from and sold by Amazon. Customers who viewed this item also viewed. Page 1 of 1 Start over Page 1 of 1.

Advances in Financial Machine Learning. Marcos Lopez de Prado.

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Sponsored products related to this item What's this? Market Microstructure in Practice. The Path to Investment Profits. Machine Learning with Core ML: An iOS developer's guide to implementing machine lea Deep Learning Quick Reference: Useful hacks for training and optimizing deep neural The Book on Making Money. Review "Every investor will find something of value in this book" Professional Investor, October Bernstein, author of The Intelligent Asset Allocator,The Birth of Plenty, and A Splendid Exchange, and co-principal ofEfficient Frontier Advisors "Antti's synthesis of experience and theory has given us a bookwhich fills a major gap in the literature on investing.

Related Video Shorts 0 Upload your video. C Machine Learning Projects: Nine real-world projects to build robust and high-per Try the Kindle edition and experience these great reading features: Share your thoughts with other customers. Write a customer review.

Read reviews that mention academic strategies asset investing research investment investors classes risk ilmanen markets valuable chapters professional finance stocks antti factors write equities. There was a problem filtering reviews right now. Please try again later. Ilmanen hits a home run with his book. I have owned it for a year now, and I still find myself going back to it every now and then. It gives a great overview on pretty much any topic related to the financial markets, as a combination of his own thoughts and the latest research. Even on topics where I consider myself "being an expert", I find it useful to remind oneself of the "basics" concerning that area through Ilmanen's thoughts.

This book is a phenomenal tour-de-force of academic research into the financial markets over the last several decades. It provides a highly readable, well researched, concise survey of the field.

Beyond this, the author gives credence to academia by providing his own independent analysis to verify the existence of risk premia along the way. His methodology, data sources, and citations are heavily documented in the back of the book so you are free to reproduce his results yourself. Beyond this, he provides a few chapters that tie together the various conclusions made through the text in a way that is actionable for investors. That said, another book recently published, "Jackass Investing", provides a more down-to-earth analysis of the risk premia laid out in Expected Returns, and also includes more specifics on how to harvest these premia.

For those who have a hard time parsing this book and it's copious amount of analysis, and just want to "cut to the chase", Jackass Investing might be a suitable alternative if you are willing to make a few leaps of faith on the author's conclusions. One of the best investment books I've ever read.

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Probably too much info for beginners but for investors with experience, this book will bring a lot of ideas and concepts together. Even if you are a fundamental investors, this book will help you. Buy and read this book. It's a great investment. I have never written an Amazon review before but feel compelled to congratulate the author on such an excellent, comprehensive review of investment research. It is a valuable desk reference. I am an academic but I think practitioners will appreciate this book as well.

Expected Returns: An Investor's Guide to Harvesting Market Rewards

I was pleasantly surprised at the the number of intelligent takeaways I garnered from this book. Anyone searching for alpha in the securities markets would most likely find nuggets that can be implemented after reading. Logically breaking down the source of vig from a myriad of trading strategies to the root cause is something I have not seen in a book before.

Kindle Edition Verified Purchase. Antti has delivered a one stop shop of any one wanting to understand the expected returns to an amazingly wide range of assets and strategies. Whilst Antti and I are often on opposite sides of the debate over approaches like risk parity, I can't recommend his book highly enough. It should be required reading for all those interested in investing. Written more for a professional strategist. One person found this helpful 2 people found this helpful. Very technical but good information. Terms like supply-demand effects, market frictions, political cycle, taxes, regulation, pension liabilities and institutional governance are mentioned but there is no systematic account of their significance for "expected returns".

Ilmanen's approach could look eclectic but he does not hide his preferences, especially for value versus growth , yield, risk factor diversification versus traditional asset class allocation , "prudent leverage", and "view-based" active management, conscious of costs.

Save ammunition in good times and gradually take advantage of episodes when liquidity and other premia widen out, while recognising that nobody can be a perfect market-timer," page In the end, that sounds not so different from what juniors heard from their seasoned investment colleagues some time ago, well before the days of modern finance. Latest News Use pension savings to pay off mortgages, Dutch researchers say Mon, 17 Sep PFZW chair Moonen quits to find place 'where change can be quicker' Mon, 17 Sep Investors put faith in active outperformance despite passive shift Mon, 17 Sep Swiss collective pensions vehicles get green light for equities boost Mon, 17 Sep Dutch schemes blame rising costs on performance fees, dealing costs Mon, 17 Sep Surveying the surveys Sat, 1 Sep Resurgence of private capital The tenth anniversary of the global financial crisis is an apposite time to examine how it changed the world for investors.

On the Record On The Record: Sat, 1 Sep On the Record: Mon, 2 Jul On The Record: How do you invest in alternative credit? Fri, 1 Jun On The Record: How do you use technology? Tue, 1 May On the record: Do you believe in factors? Sun, 1 Apr Latest Briefing Non-performing Loans: The pariah asset Fri, 1 Jun Country Reports UK retailers: A way out for failing smaller schemes? Sat, 1 Sep Asset Allocation: State of play Sat, 1 Sep Interview: Top Pension Funds.

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