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Informationen zum Autor ASWATH DAMODARAN is Professor of Finance at New York University's Leonard N. Stern School of Business. He has been the recipient of numerous awards for outstanding teaching, including the NYU university-wide Distinguished Teaching Award, and was named one of the nation's top business school teachers by BusinessWeek in 1994. In addition, Damodaran teaches training courses in corporate finance and valuation at many leading investment banks. His publications include Investment Valuation (now in its third edition), Damodaran on Valuation: Security Analysis for Investment and Corporate Finance; Corporate Finance; Investment Management; and Applied Corporate Finance , all published by Wiley, and The Dark Side of Valuation . Klappentext The guide for investors who want a better understanding of investment strategies that have stood the test of timeThis thoroughly revised and updated edition of Investment Philosophies covers different investment philosophies and reveal the beliefs that underlie each one, the evidence on whether the strategies that arise from the philosophy actually produce results, and what an investor needs to bring to the table to make the philosophy work.The book covers a wealth of strategies including indexing, passive and activist value investing, growth investing, chart/technical analysis, market timing, arbitrage, and many more investment philosophies.* Presents the tools needed to understand portfolio management and the variety of strategies available to achieve investment success* Explores the process of creating and managing a portfolio* Shows readers how to profit like successful value growth index investors* Aswath Damodaran is a well-known academic and practitioner in finance who is an expert on different approaches to valuation and investmentThis vital resource examines various investing philosophies and provides you with helpful online resources and tools to fully investigate each investment philosophy and assess whether it is a philosophy that is appropriate for you. Zusammenfassung Suitable for investors who want an understanding of investment strategies that have stood the test of time, this guide covers a wealth of strategies including indexing, passive and activist value investing, growth investing, chart/technical analysis, market timing, arbitrage, and many more investment philosophies. Inhaltsverzeichnis Chapter 1 Introduction 1 What Is an Investment Philosophy? 2 Why Do You Need an Investment Philosophy? 3 The Big Picture of Investing 4 Categorizing Investment Philosophies 7 Developing an Investment Philosophy 10 Conclusion 12 Exercises 13 Chapter 2 Upside, Downside: Understanding Risk 15 What Is Risk? 16 Equity Risk: Theory-Based Models 16 Assessing Conventional Risk and Return Models 32 Equity Risk: Alternative Measures 34 Equity Risk: Assessing the Field 45 Default Risk 46 Conclusion 50 Exercises 51 Chapter 3 Numbers Don't Lie-Or Do They? 53 The Basic Accounting Statements 53 Asset Measurement and Valuation 55 Measuring Financing mix 62 Measuring Earnings and Profitability 69 Measuring Risk 75 Differences in Accounting Standards and Practices 82 Conclusion 82 Exercises 85 Chapter 4 Show Me the Money: The Basics of Valuation 87 Intrinsic Value 87 Relative Valuation 110 Valuing an Asset with Contingent Cash Flows (Options) 119 Conclusion 121 Exercises 122 Chapter 5 Many a Slip: Trading, Execution, and Taxes 125 The Trading Cost Drag 125 The Components of Trading Costs: Traded Financial Assets 127 Trading Costs with Nontraded Assets 146 Management of Trading Costs 148 Taxes 150...
