Overview
- Argues for a value-investing approach that assesses risk explicitly
- Creates a new investment strategy: Investing 6.0
- Contrasts Investing 6.0 with the most popular competing strategies
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Table of contents (9 chapters)
Keywords
About this book
The stock market is a wild and scary roller coaster ride that investors have tried to tame with superficially appealing but ultimately flawed strategies—technical analysis, modern portfolio theory, CAPM, factor models, and algos. Many have simply given up and settled for indexing. This book explains the fundamental flaws that make so many strategies hazardous to our wealth.
There is a better way—what the authors call Investing 6.0—that is simple enough for anyone to use. No fancy math, complicated computer algorithms, or long days are required. This book offers a strategy with a few key principles that all investors and the financial advisors and planners who serve them can use with ease
Authors and Affiliations
About the authors
Gary Smith is the Fletcher Jones Professor of Economics at Pomona College. He has written (or co-authored) more than 100 academic papers and 16 books, most recently, Distrust: Big Data, Data-Torturing, and the Assault on Science. His book, Standard Deviations: Flawed Assumptions, Tortured Data, and Other Ways to Lie With Statistics, was a London Times Book of the Week. The 9 Pitfalls of Data Science, coauthored with Jay Cordes, won the 2020 PROSE Award for Popular Science and Popular Mathematics.
Margaret Smith is a Certified Financial Planner, Certified Coach, Enneagram Professional, and Author. She earned a simultaneous BA/MA Summa Cum Laude in Economics from Yale, a PhD in Business Economics from Harvard University, and was an Economics Professor for a decade. Her book, Money: From Fear to Love, is the first to relate the nine Enneagram personality types to money, and is the basis for workshops given around the world.
Bibliographic Information
Book Title: The Power of Modern Value Investing
Book Subtitle: Beyond Indexing, Algos, and Alpha
Authors: Gary Smith, Margaret Smith
DOI: https://doi.org/10.1007/978-3-031-45900-9
Publisher: Palgrave Macmillan Cham
eBook Packages: Economics and Finance, Economics and Finance (R0)
Copyright Information: The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG 2023
Hardcover ISBN: 978-3-031-45899-6Published: 13 January 2024
eBook ISBN: 978-3-031-45900-9Published: 12 January 2024
Edition Number: 1
Number of Pages: XXIII, 181
Number of Illustrations: 78 b/w illustrations, 5 illustrations in colour
Topics: Capital Markets, Investment Appraisal, Risk Management