A01=Hugues Langlois
A01=Jacques Lussier
Author_Hugues Langlois
Author_Jacques Lussier
business
Category=KFFM
eq_bestseller
eq_business-finance-law
eq_isMigrated=1
eq_isMigrated=2
eq_nobargain
eq_non-fiction
finance
investing
stocks
Product details
- ISBN 9780231177344
- Dimensions: 152 x 229mm
- Publication Date: 07 Mar 2017
- Publisher: Columbia University Press
- Publication City/Country: US
- Product Form: Hardback
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Many investors believe that success in investing is either luck or clairvoyance. In Rational Investing, finance professor Hugues Langlois and asset manager Jacques Lussier present the current state of asset management and clarify the conundrum of luck versus skill. The core of Rational Investing is a framework for smart investing built around three performance drivers: balancing exposure to risk factors, efficiently diversifying bad luck, and taking advantage of relative mispricings in financial markets. With clear examples from model multi-asset-class portfolios, Langlois and Lussier show how to implement performance drivers like institutional investors with access to extensive resources, as well as nonprofessional investors who are constrained to small-scale transactions. There are few investment products, whether traditional or alternative, discretionary or systematic, fundamental or quantitative, whose performance cannot be analyzed through this framework.
Langlois and Lussier illuminate the structure of financial markets and the mechanics of sustainable investing so any investor can become a rational player, from the nonprofessional investor with a basic knowledge of statistics all the way to seasoned investment professionals wishing to challenge their understanding of the asset management industry.
Hugues Langlois is assistant professor of finance at HEC Paris and a cofounder of IPSOL Capital. Previously he was portfolio manager at Desjardins Asset Management. Jacques Lussier is president of IPSOL Capital. Before, he was chief investment strategist at Desjardins Asset Management. He is the author of Successful Investing is a Process (2012). He presided CFA Society Montreal and is a board member and president of the investment committee of Retraite Quebec, the public pension plan.
