投资革命

- 书名:投资革命
- 作者: 彼得·伯恩斯坦(Bernstein
- 格式:PDF
- 时间:2024-07-17
- 评分:
- ISBN:9787806613610
内容简介:
三十年前的华尔街资人曾试图拒绝从学术象牙塔发展出来的关于资本创新的理论。但事实却迫使他们不得不把学术界的抽象理论转换成控制风险与停止客户损失的实际可行方法。从此,华尔街资本市声开始变得狂暴而喧闹,充斥着各种金融工具与新颖的投资组合管理策略。 这是一场投资革命!它并非源自曼哈顿下城区的高楼大厦之间。而是根植于学术象牙塔中以抽象方式进行财务分析研究的一小群英雄,他们是巴契里耶,马可维兹,托宾,法马、萨
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hibernate2019-07-01知识点并没有超出认知。但是胜在把经济理论到数量经济学,到金融学现代投资理论每一步发展和盘根错节的联系都串联了起来,所以读的时候可以感觉到很顺畅,是一本好书该有的品质。
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拾荒者归2024-03-20作为2001的书,讲的主要是20世纪的投资,算还过的去的思想史补充读物,对赌博本身帮助不大。
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Alice2022-11-22潘军的转行入门书,慕名而来。我咋觉得讲的云里雾里,把几个重量级人物的理论贡献说得好像撞大运一样。而且他们的理论、思想也都没讲清楚。总之很不好。
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Kevin Lee2018-09-24As a result, the portfolio that conforms to Markowitz’s rule and that he “commends” to the investor is an efficient portfolio. It is a portfolio that offers the highest expected return for any given degree of risk, or that has the lowest degree of risk for any given expected return.
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Kevin Lee2018-09-24Diversification depends more on the way individual assets perform relative to one another than it does on how many assets the investor owns. In Markowitz’s terminology, “It is necessary to avoid investing in securities with high covariances among themselves.”
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Kevin Lee2018-09-24Williams’s model for valuing a security calls for the investor to make a long-run projection of a company’s future dividend payments and then to test that projection against his own confidence in its accuracy. Forecasting future dividends for a public utility, for example, is easier than forecasting dividends for General Motors, and forecasting the long-run outlook for General Motors is easier than forecasting the outlook for a start-up company in a highly competitive business. Williams then shows how to combine the long-run projection of dividends with the expected degree of accuracy of that forecast to estimate the intrinsic value of the stock. Williams called his model the Dividend Discount Model.
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