Investment Policy: How to Win the Loser's GameNow, this unique and highly regarded masterpiece has been updated for the '90s. Investment Policy presents a fresh approach to professional investment management that involves active client participation. This consumer's guide to investment policy will enable clients to understand the basic nature of institutional investing, how to formulate specific policies to reach long-term investment goals and objectives, and how to manage their investment managers in order to achieve their real goals. While the theories have not changed, the second edition of Investment Policy includes a brand-new chapter that shows individual investors how they can really succeed with their own investing, new and updated charts and references, and a client's guide to institutional investing that shows how to formulate specific policies to reach long-term investment goals and objectives. |
Contents
DO CLIENTS MATTER? | 1 |
THE LOSERS GAME | 5 |
BEATING THE MARKET | 11 |
Copyright | |
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Common terms and phrases
achieve active investors active management ager agreed-upon asset mix basic bear market beat the market bonds capital markets cash changes CHAPTER common stocks companies concept costs decisions develop diversification dividends earnings fluctuations groups of stocks growth stocks higher horizon important individual investors individual stock risk inflation institutional investing investment objectives investment portfolio kind of investing level of market long-term investment policy long-term policy loser's game manager's managers and clients market fund market risk market segment risk ment managers modern portfolio theory mutual funds needs outperform the market overall market particular pension funds percent performance measurement portfolio manager portfolio operations problem professional investment managers profit rate of return realistic responsibility risk-free rate sample securities sell short-term Simon Ramo stock group risk stock prices stocks or groups successful tennis Tommy Armour Treasury bills typical understanding vestment Warren Buffett winner winner's game wise