Successful Investing Is a Process (ePub)

A process-driven approach to investment management that lets you
achieve the same high gains as the most successful portfolio
managers, but at half the cost

What do you pay for when you hire a portfolio manager? Is it his
or her unique experience and expertise, a set of specialized
analytical skills possessed by only a few? The truth, according to
industry insider Jacques Lussier, is that, despite their often
grandiose claims, most successful investment managers, themselves,
can't properly explain their successes. In this book Lussier argues
convincingly that most of the gains achieved by professional
portfolio managers can be accounted for not by special knowledge or
arcane analytical methodologies, but proper portfolio management
processes whether they are aware of this or not. More importantly,
Lussier lays out a formal process-oriented approach proven to
consistently garner most of the excess gains generated by
traditional analysis-intensive approaches, but at a fraction of the
cost since it could be fully implemented internally.

* Profit from more than a half-century's theoretical and
empirical literature, as well as the author's own experiences as a
top investment strategist

* Learn an approach, combining several formal management
processes, that simplifies portfolio management and makes its
underlying qualities more transparent, while lowering costs
significantly

* Discover proven methods for exploiting the inefficiencies of
traditional benchmarks, as well as the behavioral biases of
investors and corporate management, for consistently high
returns

* Learn to use highly-efficient portfolio management and
rebalancing methodologies and an approach to diversification that
yields returns far greater than traditional investment
programs