Reducing the risk of black swans: using the science of investing to capture returns with less volatility

✍ Scribed by Grogan, Kevin;Swedroe, Larry E

• Publisher: Buckingham; BAM Alliance Press
• Year: 2018
• Tongue: English
• Weight: 458 KB
• Category: Fiction
• City: St. Louis, MO
• ISBN: 0692060758

✦ Synopsis

Designed specifically for those seeking to enrich their technical knowledge of recent advancements in the world of evidence-based investing, the revised second edition reexamines and enhances Swedroe and Grogan's roadmap to an investment strategy that can deliver higher returns without increased risk (or the same return with reduced risk). In addition to refreshing the data and returning to the themes that made their original work so influential with experienced investors and practitioners alike, the authors add an entirely new section on alternative investments. In it, Swedroe and Grogan explain how developments in the financial industry have enabled retail investors to access new and unique sources of risk and return previously locked away on the balance sheets of corporate and financial institutions, without the higher costs so prevalent in the past. Because each of the alternative investments they discuss has attractive expected returns that show low to no correlation to the stocks and bonds dominant in traditional portfolios, including an allocation to them can result in superior portfolio efficiency and greater diversification.

✦ Subjects

Portfolio management