U.S. Dow & Mega-cap Investment Strategy: Value Hidden In Plain Sight - Dec-13
Book Details
Author(s)Shiv Kapoor
PublisherShiv Kapoor
ISBN / ASINB00HMKELOC
ISBN-13978B00HMKELO2
Sales Rank1,739,851
MarketplaceUnited States 🇺🇸
Description
This is a unique eBook for self-directed investors in U.S. listed companies with a long time horizon and a focus on value investing.
The question to contemplate is whether Fama (Markets are efficient) & Schiller (Markets are inefficient), both Nobel Prize winners, can be correct. Can it be that the market is both efficient and inefficient? Markets are forward looking. Markets are in a constant state of flux. Markets are chaotic. Are markets are in a constant state of disequilibrium in the journey towards equilibrium? Do inefficient markets tend to efficiency? And if yes, how can we follow the path to efficiency, or the journey to equilibrium? Can time, stock selection and capital allocation help keep us from wandering too far from the path to market efficiency? And will a value bias allow us to address market inefficiency caused by the constant disequilibrium in markets?
The underlying principle throughout this eBook is the recognition that investor returns and risk are directly related. Returns reward risk takers, thus a person investing in equity can expect to outperform a person investing in bonds over the very long term. However, since bonds and equities are distinct and separate asset classes, over-all investor risks can be lowered by investing in both. U.S. Dow & Mega-cap Investment Strategy is a monthly series is about that part of an investors capital allocated to equity.
It is about the use of stock selection and capital allocation strategies to address size, value and market risk, which are critical considerations insofar as long term returns are concerned. It is also about diversification, which is viewed as an important factor contributing to long term returns. And then there is time which is seen as making an immense contribution to long term returns, provided that volatility in short term returns are endured: even exploited. The outcome is best described as an investment thought piece about the hunt for hidden value hiding in plain sight. Can we hope to win by staying focused on time in market, and the long term?
This eBook is primarily for self-directed investors in U.S. listed companies with a long time horizon and a focus on value investing. It produces six strategies using three capital allocation strategies and two stock selection strategies each month. Investors can select the strategy most suitable for them. Alternatively, the strategies can be used as a shortlist from which a narrower selection can be made.
The question to contemplate is whether Fama (Markets are efficient) & Schiller (Markets are inefficient), both Nobel Prize winners, can be correct. Can it be that the market is both efficient and inefficient? Markets are forward looking. Markets are in a constant state of flux. Markets are chaotic. Are markets are in a constant state of disequilibrium in the journey towards equilibrium? Do inefficient markets tend to efficiency? And if yes, how can we follow the path to efficiency, or the journey to equilibrium? Can time, stock selection and capital allocation help keep us from wandering too far from the path to market efficiency? And will a value bias allow us to address market inefficiency caused by the constant disequilibrium in markets?
The underlying principle throughout this eBook is the recognition that investor returns and risk are directly related. Returns reward risk takers, thus a person investing in equity can expect to outperform a person investing in bonds over the very long term. However, since bonds and equities are distinct and separate asset classes, over-all investor risks can be lowered by investing in both. U.S. Dow & Mega-cap Investment Strategy is a monthly series is about that part of an investors capital allocated to equity.
It is about the use of stock selection and capital allocation strategies to address size, value and market risk, which are critical considerations insofar as long term returns are concerned. It is also about diversification, which is viewed as an important factor contributing to long term returns. And then there is time which is seen as making an immense contribution to long term returns, provided that volatility in short term returns are endured: even exploited. The outcome is best described as an investment thought piece about the hunt for hidden value hiding in plain sight. Can we hope to win by staying focused on time in market, and the long term?
This eBook is primarily for self-directed investors in U.S. listed companies with a long time horizon and a focus on value investing. It produces six strategies using three capital allocation strategies and two stock selection strategies each month. Investors can select the strategy most suitable for them. Alternatively, the strategies can be used as a shortlist from which a narrower selection can be made.
