Title
Finding Alpha: The Search For Alpha When Risk And Return Break Down
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Praise For Finding AlphaEric Falkenstein Is More Than One Of The Smartest And Funniest People In Finance. He'S Been A Banker, A Key Model Builder At A Major Rating Agency, And A Hedge Fund Trader. In This Tour De Force, He Outlines The Successes And Failures Of Financial Theory Applications In The Real World From The Perspective Of An Aggressive Early Adopter Of The Best Ideas In Finance. To This Day, I Think Eric'S Private Firm Default Model Is One Of The Best Papers Ever Published In Applied Finance, And This Wonderful Book Falls Into The Same Category.Donald R. Van Deventer, Phd, Founder And Chief Executive Officer, Kamakura CorporationPeople Dismissed Columbus When He Said The World Was Round. Thank Goodness He Persisted. Like Columbus, Falkenstein Challenges Standard Thinking, Only This Time About Risk And Reward. As The Meltdown Of The Capital Markets Has Shown, The Financial Industry Clearly Missed Something With Regard To Risk Management. As An Industry, We Need To Consider Alternative Theories On Risk, And Clearly Falkenstein Is On To Something Here. Agree With Him Or Not, Finding Alpha Is Worth A Read.Kevin M. Blakely, President And Ceo,The Risk Management AssociationWriting Through The Lens Of An Experienced Practitioner, Falkenstein Digests Decades Of Research In Capital Markets, Financial Economics, And Investment Psychology That Have Shaped Modern Investment Theory. This Text Is An Excellent Companion For Portfolio Managers, Investment Students, Or Anyone Seeking To Better Understand The Relationship Between Risk, Returns, And Financial Reward.Todd Houge, Phd, Cfa, The University Of Iowahow Do We Find Alpha Whenrisk Does Not Correlate With Return?Finding Alpha Is A Practical Guide To Achieving Alpha When Conventional Measures Of Risk Rarely Correlate With Higher Returns. Author Eric Falkensteina Phd Who Has Also Been A Risk Manager And Portfolio Managertells The Story Of Alpha From Its Beginnings To Its Current Reversal, Where Risk Is Now Evidenced By Return As Opposed To Vice Versa.Falkenstein Begins By Walking Readers Through The Capital Asset Pricing Model (Capm), As Well As Other Welldocumented Theories About Risk And Return, And Explores How These Theories Measure Up To Current Empirical Evidence Being Documented By Researchers And Academics. He Also Outlines A Novel Approach To The Issues Of How Benchmark Risk And Investor Overconfidence Affects Expected Asset Returns, How To Understand The Nature Of Alpha And Risk, And How To Use Practical Applications Of Alphaseeking Strategies That He Developed As A Successful Hedge Fund Manager.Finding Alpha Concludes By Outlining Some Reallife Applications Of Alpha In Finance And Explains How The Search For Alpha Affects The Daytoday Life Of All Financial Professionals.
⚠️ WARNING (California Proposition 65):
This product may contain chemicals known to the State of California to cause cancer, birth defects, or other reproductive harm.
For more information, please visit www.P65Warnings.ca.gov.
- Q: How many pages does the book 'Finding Alpha' have? A: The book contains two hundred ninety-eight pages. It provides an in-depth exploration of financial theories and practical applications.
- Q: What are the dimensions of 'Finding Alpha'? A: The dimensions are six point three inches in length, one point zero two inches in width, and nine point two nine inches in height. This size makes it easy to handle and store.
- Q: What type of binding does 'Finding Alpha' have? A: The book is bound in hardcover. This binding ensures durability and longevity for readers.
- Q: Who is the author of 'Finding Alpha'? A: The author is Eric Falkenstein. He is a PhD and an experienced practitioner in finance.
- Q: What genre does 'Finding Alpha' fall under? A: The book is categorized under finance. It covers complex financial theories and their real-world applications.
- Q: Is 'Finding Alpha' suitable for beginners in finance? A: Yes, the book is suitable for beginners. It simplifies complex concepts while providing practical insights into risk and return.
- Q: What is the main theme of 'Finding Alpha'? A: The main theme is finding alpha when conventional measures of risk do not correlate with returns. It challenges existing financial theories.
- Q: How does 'Finding Alpha' help finance professionals? A: The book provides practical applications of alpha-seeking strategies. It equips finance professionals with tools to enhance their investment decisions.
- Q: Can 'Finding Alpha' serve as a textbook for finance students? A: Yes, it can serve as a textbook. The text digests decades of research beneficial for investment students.
- Q: What are the care instructions for 'Finding Alpha'? A: To keep the book in good condition, store it in a dry place away from direct sunlight. Avoid exposing it to moisture.
- Q: Is 'Finding Alpha' a safe choice for children? A: No, 'Finding Alpha' is not specifically aimed at children. Its content is complex and intended for adult readers.
- Q: Does 'Finding Alpha' have any hazardous materials? A: No, the book does not contain hazardous materials. It is safe for general use.
- Q: What should I do if 'Finding Alpha' arrives damaged? A: If the book arrives damaged, contact the seller for their return policy. Most sellers offer easy return options for damaged products.
- Q: Is there a warranty for 'Finding Alpha'? A: Typically, books do not come with a warranty. However, check with the retailer for their specific return and exchange policies.
- Q: How does 'Finding Alpha' compare to other finance books? A: Finding Alpha stands out by challenging conventional financial theories. It provides a unique perspective on risk management compared to other finance literature.