Language : English
Published : 2017
Pages : 608
Financial Services Technology
The final word on passive vs. active investing
The debate on active investing-stock picking and market timing-versus passive investing-markets are highly efficient and almost impossible to outperform-has raged for decades. Which side is right? In The Quest for Alpha: The Holy Grail of Investing, author Larry E. Swedroe puts an end to the debate, proving once and for all that active investing is likely to prove futile as the associated expenses-costs, fees, and time spent analyzing individual stocks and the overall market-are likely to exceed any benefits gained. The book
- Presents research, data, and quotations that reveal it’s extremely difficult to outperform the market
- Explains why investors should focus on asset allocation, fund construction, costs, tax efficiency, and the building of a globally diversified portfolio that minimizes, if not eliminates, the taking of idiosyncratic, uncompensated risks
- Other titles by Swedroe: The Only Guide to Alternative Investments You’ll Ever Need and The Only Guide You’ll Ever Need for the Right Financial Plan
Investors are on a never-ending search for a money manager who will deliver returns above the appropriate risk-adjusted benchmark, aka the “Holy Grail of Investing.” The Quest for Alpha demonstrates that it’s a loser’s game-while it’s possible to win, it’s so unlikely that you shouldn’t try.
Learning Sage 50 Accounting 2013 by Freedman and Smith will provide students with the easiest and most effective way to master this powerful software package! It provides thorough step-by-step instructions on each module of Sage 50 Premium Accounting. Designed to help students develop transaction-processing and problem-solving skills in the business world, Learning Sage 50 Accounting 2013 uses real-life documents and problem cases. It also has a very comprehensive instructor support package that includes an instructor’s manual, tests, and answer keys.
Financial ACCT is an accessible, easy-to-read text that covers the principles of Financial Accounting. The 4LTR press approach to learning the principles of financial accounting, Financial Accounting is the Asia-Pacific edition of a proven, innovative solution to enhance the students’ learning experience. Concise, yet complete, coverage supported by a suite of online learning aids equips students with the tools required to successfully undertake an introductory financial accounting course.