Better than Alpha: Three Steps to Capturing Excess Returns in a Changing World
Better than Alpha: Three Steps to Capturing Excess Returns in a Changing World
by Christopher M. Schelling
English | 2021 | ISBN: 1264257651 | 304 Pages | EPUB | 3.27 MB
by Christopher M. Schelling
English | 2021 | ISBN: 1264257651 | 304 Pages | EPUB | 3.27 MB
Chris Schelling explains why strategies based on “beating the markets” are doomed to failure and provides a simple three-step framework for making better investment decisions: Behavior (smart thinking), Process (smart habits), Organization (smart governance). He explains why the search for alpha is destined to fail, the major role behavioral finance plays in so much wasted time, effort, and money, and, most important, how to avoid common mistakes and maximize your efforts.