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The subtleties of asset management -- Understanding the playing field -- Skill, scale, and luck in active fund management -- What may and can be forecasted? -- The blueprint to long-term performance -- Building better portfolios -- We know better, but--
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Chapter 1 : The Birth of Modern Finance -- Chapter 2 : The Birth of Capital Market Theory -- Chapter 3 : Rise of … Institutional Quantitative Management -- Chapter 4 : Finance Theory in Crisis -- Chapter 5: The Crisis at the Workbench or Markowitz …There is a foundational crisis in financial theory and professional investment practice: There is little, if any …
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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...
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