The truth about 13 of today's most widely touted investment strategies.
You've heard 'em. (Maybe even from your broker!) They're the "can't lose" investment stories that promise you a no-risk path to profits …
And on, and on, and on …
They sound good. But do they really work? You're about to find out.
In Investment Fables, one of the world's leading investment researchers runs the numbers on 13 of today's most widely touted strategies, objectively answering the questions your broker can't answer. Has it worked over the long term? Over the short term? If it made sense once, does it still make sense? Are the promised benefits a statistical mirage? Could it work, as one part of your investment strategy? What are the downsides—and how can you mitigate them?If you want to make smarter investment decisions, you'll find this book utterly indispensable.
Aswath Damodaran is Professor of Finance at the Stern School of Business at New York University, where he teaches corporate finance and equity valuation in the MBA program.
He has published widely in the field, for leading journals such as The Journal of Financial and Quantitative Analysis, The Journal of Finance, The Journal of Financial Economics, and The Review of Financial Studies.
He has also authored several books, including The Dark Side of Valuation (Financial Times Prentice Hall) and two books on corporate finance. With Peter Bernstein, he co-authored Investment Management.
He received the Stern School of Business Excellence in Teaching Award in 1988, 1991, 1992, 1999, and 2001. In 1994, he was profiled in Business Week as one of the top 12 U.S. business school professors.
From low P/E to growth passing to great companies and arbitrage.
Great book that shows through empirical research that there is no broad market research strategy that will consistently outperform the market on a risk adjusted basis.
If you are looking for an in-depth treatment of investment strategies, this is a great book.
Great book that shows through empirical research that there is no broad market research strategy that will consistently outperform the market on a risk adjusted basis. Read morePublished 7 months ago by Javier
Great summary of cautionary guidance in investing. One of the best for beginner investors. Easy to read and yet very practical.Published 20 months ago by Amazon Customer
In each chapter, Damodaran checks a different investing method. From low P/E to growth passing to great companies and arbitrage. He reviews 14 different investing strategies. Read morePublished on October 5, 2010 by David
When I first stated reading this book, I was frustrated in that it wasn't what I expected. I thought Damodaran made a theoretical approcah in explaining the investment myths. Read morePublished on December 3, 2008 by Ozan S