Successful Investing Is a Process: Structuring Efficient Portfolios for Outperformance

By Jacques Lussier

A process-driven approach to investment management that lets youachieve the same high gains as the most successful portfoliomanagers, but at half the cost

What do you pay for when you hire a portfolio manager? Is it hisor her unique experience and expertise, a set of specializedanalytical skills possessed by only a few? The truth, according toindustry insider Jacques Lussier, is that, despite their oftengrandiose claims, most successful investment managers, themselves, can't properly explain their successes. In this book Lussier arguesconvincingly that most of the gains achieved by professionalportfolio managers can be accounted for not by special knowledge orarcane analytical methodologies, but proper portfolio managementprocesses whether they are aware of this or not. More importantly, Lussier lays out a formal process-oriented approach proven toconsistently garner most of the excess gains generated bytraditional analysis-intensive approaches, but at a fraction of thecost since it could be fully implemented internally.

Profit from more than a half-century's theoretical andempirical literature, as well as the author's own experiences as atop investment strategistLearn an approach, combining several formal managementprocesses, that simplifies portfolio management and makes itsunderlying qualities more transparent, while lowering costssignificantlyDiscover proven methods for exploiting the inefficiencies oftraditional benchmarks, as well as the behavioral biases ofinvestors and corporate management, for consistently highreturnsLearn to use highly-efficient portfolio management andrebalancing methodologies and an approach to diversification thatyields returns far greater than traditional investmentprograms

• Format: Hardcover
• Language: English
• ISBN: 1118459903
• ISBN13: 9781118459904
• Release Date: January 2013
• Publisher: Bloomberg Press
• Length: 384 Pages
• Weight: 2.05 lbs.
• Dimensions: 1.3" x 7.2" x 10.0"