{"title":"Michael A Ervolini","description":null,"products":[{"product_id":"managing-equity-portfolios-book-michael-a-ervolini-9780262028349","title":"Managing Equity Portfolios","description":"A groundbreaking framework for improving portfolio performance that goes beyond traditional analytics, offering new ways to understand investment skills, process, and behaviors.Portfolio management is a tough business. Each day, managers face the challenges of an ever-changing and unforgiving market, where strategies and processes that worked yesterday may not work today, or tomorrow. The usual advice for improving portfolio performance--refining your strategy, staying within your style, doing better research, trading more efficiently--is important, but doesn't seem to affect outcomes sufficiently. This book, by an experienced advisor to institutional money managers, goes beyond conventional thinking to offer a new analytic framework that enables investors to improve their performance confidently, deliberately, and simply, by applying the principles of behavioral finance.W. Edwards Deming observed that you can't improve what you don't measure. Active portfolio management lacks methods for measuring key inputs to management success like skills, process, and behavioral tendencies. Michael Ervolini offers a conceptually straightforward and well-tested framework that does just that, with evidence of how it helps managers enhance self-awareness and become better investors. In a series of short, accessible chapters, Ervolini investigates a range of topics from psychology and neuroscience, describing their relevance to the challenges of portfolio management. Finally, Ervolini offers seven ideas for improving. These range from maintaining an investment diary to performing rudimentary calculations that quantify basic skills; each idea, or project, helps managers gain a deeper understanding of their strengths and shortcomings and how to use this knowledge to improve investment performance.","brand":"WoB","offers":[{"title":"GB \/ VERY_GOOD \/ INTERNAL","offer_id":49558704619793,"sku":"GOR007914363","price":0.0,"currency_code":"GBP","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0784\/4072\/6801\/files\/0262028344.jpg?v=1751164767"},{"product_id":"skill-versus-luck-book-michael-a-ervolini-9780262052184","title":"Skill Versus Luck","description":"\u003cb\u003eHow to move beyond guessing about manager skill with decision-based analytics, not the outcome-based analytics used at present.\u003c\/b\u003e\u003cbr\u003e \u003cbr\u003e Skill is the \u003ci\u003eraison d'être\u003c\/i\u003e for active equity management. Yet precious little is known about manager skill. What is skill? Who has it? How should it be measured? Is a manager's skill improving, declining, or remaining consistent? Without answers to such fundamental questions, capital allocators have no choice but to rely on inferences, hunches, and guesswork.\u003cbr\u003e \u003cbr\u003e In \u003ci\u003eSkill Versus Luck\u003c\/i\u003e, Michael Ervolini explains how to move beyond skill fog with newer analytics developed over the past decade. Unlike conventional analytics that simply rehash fund outcomes, the newer cause-and-effect analytics relate a manager's decisions to fund excess returns, providing rigorous measures of manager skill. Results from these newer analytics enable capital allocators to understand manager skill for the first time and make more effective allocation decisions.","brand":"WoB","offers":[{"title":"GB \/ NEW \/ GARDNERS","offer_id":52435856359697,"sku":"NGR9780262052184","price":0.0,"currency_code":"GBP","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0784\/4072\/6801\/files\/9780262052184.jpg?v=1769680547"},{"product_id":"managing-equity-portfolios-book-michael-a-ervolini-9780262547901","title":"Managing Equity Portfolios","description":"A groundbreaking framework for improving portfolio performance that goes beyond traditional analytics, offering new ways to understand investment skills, process, and behaviors.Portfolio management is a tough business. Each day, managers face the challenges of an ever-changing and unforgiving market, where strategies and processes that worked yesterday may not work today, or tomorrow. The usual advice for improving portfolio performance--refining your strategy, staying within your style, doing better research, trading more efficiently--is important, but doesn't seem to affect outcomes sufficiently. This book, by an experienced advisor to institutional money managers, goes beyond conventional thinking to offer a new analytic framework that enables investors to improve their performance confidently, deliberately, and simply, by applying the principles of behavioral finance.W. Edwards Deming observed that you can't improve what you don't measure. Active portfolio management lacks methods for measuring key inputs to management success like skills, process, and behavioral tendencies. Michael Ervolini offers a conceptually straightforward and well-tested framework that does just that, with evidence of how it helps managers enhance self-awareness and become better investors. In a series of short, accessible chapters, Ervolini investigates a range of topics from psychology and neuroscience, describing their relevance to the challenges of portfolio management. Finally, Ervolini offers seven ideas for improving. These range from maintaining an investment diary to performing rudimentary calculations that quantify basic skills; each idea, or project, helps managers gain a deeper understanding of their strengths and shortcomings and how to use this knowledge to improve investment performance.","brand":"WoB","offers":[{"title":"GB \/ NEW \/ INGRAM","offer_id":52686123204881,"sku":"NLS9780262547901","price":0.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0784\/4072\/6801\/files\/9780262547901.jpg?v=1762327262"}],"url":"https:\/\/www.worldofbooks.com\/collections\/author-books-by-michael-a-ervolini.oembed","provider":"World of Books ","version":"1.0","type":"link"}