Short Selling: Strategies, Risks, and Rewards [Hardcover]

Frank J. Fabozzi (Author), Cliff Asness (Author)

Book Description

Series: Frank J. Fabozzi Series | Publication Date: October 4, 2004

The latest theoretical and empirical evidence on short selling in the United States and throughout the world
To get the most success out of what the finance community regards as a risky business, short sellers need high-level information. The Theory and Practice of Short Selling offers managers and investors the information they need to maximize and enhance their short selling capabilities for bigger profits. Frank Fabozzi collects a group of market experts who share their knowledge on everything from the basics to the complex in the world of short sales, including mechanics of short selling, the empirical evidence on short-selling, the implications or restrictions on short selling for investment strategies, short-selling strategies pursued by institutional investors, and identifying short-selling candidates.
Frank J. Fabozzi, PhD, CFA (New Hope, PA), is the Frederick Frank Adjunct Professor of Finance at Yale University's School of Management and Editor of the Journal of Portfolio Management. He is the author or editor of over 100 books on finance and investing.

Editorial Reviews

From the Back Cover

Short selling is regarded as a risky business in the finance community. Yet, informed professionals recognize that short selling is an essential element of portfolio management. Clients who impose restrictions that prevent their managers from short selling will hamper them from maximizing their returns.

Short Selling offers managers and investors the information they need to benefit from pursuing a short selling strategy and the rationale for short selling even in a rising stock market. Financial expert Frank Fabozzi has collected a group of market experts who share their knowledge on everything from the basics to the complex in the world of short selling, including:

• The mechanics of short selling
• Empirical evidence on short selling
• The implications of restrictions on short selling for investment strategies
• Short selling strategies pursued by institutional investors
• Identifying short selling candidates

Filled with the latest theoretical and empirical evidence on short selling in the United States and throughout the world, Short Selling will increase your knowledge of this technique and enhance your financial performance in all market environments.

About the Author

FRANK J. FABOZZI, PhD, CFA, is the Frederick Frank Adjunct Professor of Finance at Yale University’s School of Management and Editor of the Journal of Portfolio Management. Frank is a Chartered Financial Analyst and Certified Public Accountant who has authored and edited many acclaimed books in finance. He earned a doctorate in economics from the City University of New York in 1972. He is a Fellow of the International Center for Finance at Yale University.

Product Details

• Hardcover: 416 pages
• Publisher: Wiley; 1 edition (October 4, 2004)
• Language: English
• ISBN-10: 0471660205
• ISBN-13: 978-0471660200
• Product Dimensions: 9.3 x 6.3 x 1.3 inches
• Shipping Weight: 1.4 pounds (View shipping rates and policies)
• Average Customer Review: 2.8 out of 5 stars  See all reviews (4 customer reviews)
• Amazon Best Sellers Rank: #1,533,048 in Books (See Top 100 in Books)

More About the Author

Frank J. Fabozzi is Professor in the Practice of Finance and Becton Fellow at the Yale School of Management and Editor of the Journal of Portfolio Management. He is a Chartered Financial Analyst and earned a doctorate in economics from the City University of New York.

Customer Reviews

Most Helpful Customer Reviews

16 of 22 people found the following review helpful:

2.0 out of 5 stars Very Academic, January 17, 2005

By 

James Simmons (Chicago) - See all my reviews
(REAL NAME)   

This review is from: Short Selling: Strategies, Risks, and Rewards (Hardcover)

I found very little practical advice on short selling strategies. There was considerable theoretical discussion of the risks and rewards of short selling. I would recommend this book only for those who were looking to improve their understanding of financial theory.

4 of 5 people found the following review helpful:

4.0 out of 5 stars Better for people that are not day traders, June 15, 2007

By 

1000Books "1000Books" (NY,NY) - See all my reviews

This review is from: Short Selling: Strategies, Risks, and Rewards (Hardcover)

This is a great book for those that are trying to understand the theoretical underpinings of short selling. It is probably most appropriate for money managers who are trying to understand the difference between long and short strategies, quants (as a basic book with which to frame short selling separate from long startegies), and generalists. It is not a book for day traders who would do better focusing on charting.

1 of 1 people found the following review helpful:

4.0 out of 5 stars Must read for financial academics, August 18, 2009

By 

John W. Taylor (Fairfax, VA) - See all my reviews
(REAL NAME)   

Amazon Verified Purchase

This review is from: Short Selling: Strategies, Risks, and Rewards (Hardcover)

This is an insightful book that makes a great case for the importance and need for short selling. It chornicles the bias toward optimism in the marketplace and this is especially relevant after we have had two bubbles burst in the last 10 years associated with excessive optimism. This is a nice compliment to the work that has been done in regard to capital market efficiency, etc. I recommend this to intermediate to advanced financial-minded people who want a different perspective on pricing and investor motivation. John W. Taylor, Tiarta, LLC