Return of the Active Manager by C Thomas Howard
Emotional behavior and biases run throughout financial markets. This is the diagnosis of behavioral fianance. But it is not enough to know that investors make biased decisions. What do we do about it? How do we move beyond diagnosis, to prescription? In this groundbreaking new book, investing and behavioural finance experts Thomas Howard and Jason A. Voss plug this void and show the new way ahead for investment managers and advisors. Return of the Active Manager provides a set of tools for investment professionals to overcome and take advantage of behavioral biases. Across seven compelling chapters, Return of the Active Manager details actionable advice on topics such as behaviourally-enhanced fundamental analysis, active equity fund evaluation and selection, harnessing big data, and investment firm structure. You learn how to exploit behavioural price distortions, how to recognise and avoid behavioural biases (in both yourself and clients), how to extract behavioral insights from the executives of prospective investments, and how manager behaviour can be used to predict future fund performance. An indispensable tool for research analysts, portfolio managers, private wealth advisors and manager search consultants, Return of the Active Manager rationalises the financial markets and prescribes actionable strategies that build on the lessons of behavioural finance.
Wow! I expected a terrific book from Howard and Voss, but ROAM knocked me backIt’s a once-a-decade genre-defining must-have-on-every-investor’s-bookshelf type of book. Read this and your wealth (and life!) will be wiser and smoother for it. -- Richard L. Peterson M.D., author of 'Inside the Investor’s Brain' (Wiley, 2007) and CEO of MarketPsych
Advisors – drop everything and read this book! -- Barbara Stewart, CFA, Barbara Stewart, Author of the Rich Thinking series of white papers on women and finance
Voss and Howard shine a practical light on the massive opportunity that exists for truly active fund managers in this day and age – if they are willing to focus on identifying and mitigating their own behavioral biases, in addition to exploiting those of other market participants. It's a must-read for all next-generation fund managers. -- Clare Flynn Levy, Founder & CEO, Essentia Analytics
The book offers a convincing alternate view to look at active investment management and is a must for asset owners, irrespective of asset class, and wealth professionals. -- Biharilal Deora, FCA, CFA, CIPM, Director, Abakkus Asset Manager
Even as a decades-long trend toward passive investing continues without any signs of slowing, mounting evidence shows many active fund managers have superior performance that will likely improve as indexation increases. This book provides the very timely service to readers of synthesizing several of the key insights and findings from this recent evidence and providing actionable principles for identifying profitable investments in the actively-managed fund space. -- Andrew Detzel, Assistant Professor of Finance, Daniels College of Business, University of Denver
The book Return of the Active Manager: How to apply behavioral finance to renew and improve investment management, puts forth fresh ways in which investment managers can use behavioral principles to push the envelope in active portfolio management. Tom and Jason have combined their extensive knowledge and direct experience to create a standout. Managers and advisors should delight in the fact this exceptionally capable duo has written a comprehensive book about behavioral investment management specifically for them. -- Richard Lehman, Adjunct Professor of Behavioral Finance, UC Berkeley Extension and founder of BehavioralFinance.com
If you do not believe in active management, please read this book, it will challenge you to think differently about it. If you are a believer, please read this book, it will provide you with entirely new insights to work with. I just wish this book had been written 20 years ago, I may have had a more successful career in investment management. -- Prasad Ramani, CFA, FRM, CAIA, CEO, Syntoniq
Advisors – drop everything and read this book! -- Barbara Stewart, CFA, Barbara Stewart, Author of the Rich Thinking series of white papers on women and finance
Voss and Howard shine a practical light on the massive opportunity that exists for truly active fund managers in this day and age – if they are willing to focus on identifying and mitigating their own behavioral biases, in addition to exploiting those of other market participants. It's a must-read for all next-generation fund managers. -- Clare Flynn Levy, Founder & CEO, Essentia Analytics
The book offers a convincing alternate view to look at active investment management and is a must for asset owners, irrespective of asset class, and wealth professionals. -- Biharilal Deora, FCA, CFA, CIPM, Director, Abakkus Asset Manager
Even as a decades-long trend toward passive investing continues without any signs of slowing, mounting evidence shows many active fund managers have superior performance that will likely improve as indexation increases. This book provides the very timely service to readers of synthesizing several of the key insights and findings from this recent evidence and providing actionable principles for identifying profitable investments in the actively-managed fund space. -- Andrew Detzel, Assistant Professor of Finance, Daniels College of Business, University of Denver
The book Return of the Active Manager: How to apply behavioral finance to renew and improve investment management, puts forth fresh ways in which investment managers can use behavioral principles to push the envelope in active portfolio management. Tom and Jason have combined their extensive knowledge and direct experience to create a standout. Managers and advisors should delight in the fact this exceptionally capable duo has written a comprehensive book about behavioral investment management specifically for them. -- Richard Lehman, Adjunct Professor of Behavioral Finance, UC Berkeley Extension and founder of BehavioralFinance.com
If you do not believe in active management, please read this book, it will challenge you to think differently about it. If you are a believer, please read this book, it will provide you with entirely new insights to work with. I just wish this book had been written 20 years ago, I may have had a more successful career in investment management. -- Prasad Ramani, CFA, FRM, CAIA, CEO, Syntoniq
Dr. Howard is co-founder of AthenaInvest, a Greenwood Village-based SEC Registered Investment Advisor. He led the research project that resulted in Strategy Based Investing, the methodology which underlies AthenaInvest's investment approach. He oversees Athena's ongoing research, which has led to a number of industry publications and conference presentations. Dr. Howard currently serves as CEO, Director of Research, and Chief Investment Officer at Athena. Dr. Howard is a Professor Emeritus at the Reiman School of Finance, Daniels College of Business, University of Denver, where for over 30 years he taught courses and published articles in the areas of investment management and international finance. For many years he presented stock analysis seminars throughout the US for the American Association of Individual Investors, a national investment education organization headquartered in Chicago. Dr. Howard has been a guest lecturer at SDA Bocconi, Italy's leading business school and at Handelsho/jskole Syd in Denmark and was a 2004 Summer lecturer in international finance at EM Lyon in France. He consulted with a number of firms, most recently First Data Corp and Janus Capital Group, and served for 10 years on the Board of Directors for AMG National Trust Bank N.A., a financial counseling and investment management firm headquartered in Denver. After receiving his BS in Mechanical Engineering at the University of Idaho, Dr. Howard worked three years for Proctor Gamble as a production and warehouse manager. He then entered Oregon State University where he received an MS in Management Science after which he received a Ph.D. in Finance from the University of Washington.
| SKU | Unavailable |
| ISBN 13 | 9780857197634 |
| ISBN 10 | 0857197630 |
| Title | Return of the Active Manager |
| Author | C Thomas Howard |
| Condition | Unavailable |
| Publisher | Harriman House Publishing |
| Year published | 2019-10-29 |
| Number of pages | 212 |
| Cover note | Book picture is for illustrative purposes only, actual binding, cover or edition may vary. |
| Note | Unavailable |