[Download pdf ebook] Rational Investing: The Subtleties of Asset Management (Columbia Business School Publishing)






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This book takes a refreshing perspective: To excel at investment management, it is essential to identify the structural components of performance as well as the challenges of successfully executing on each component. This book should be required reading for any investor―whether institutional orTo the average investor, playing the market seems like a high-stakes, high-risk gamble, with success tied almost wholly to luck. In Rational Investing, the asset manager Hugues Langlois and the finance professor Jacques Lussier prove otherwise, showing how anyone can study, predict, and learn to master investing. While luck is no small component of profitable asset management, skilled investors can minimize its influence over time, reducing good and bad luck to minor computational noise.Langloi...


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