book reviews

102 Posts

Book Review: Invest with the Fed

Invest with the Fed

This book provides overwhelming evidence that heeding the Fed’s signals can enhance portfolio performance. The authors provide backtested proof of success in investing in equities side by side with the Fed. Their insightful, analytical discussions will inspire readers to begin implementing the recommended strategies, which can make a huge, positive difference in portfolio performance over long periods, across economic cycles, and under a variety of monetary conditions. Read more

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Book Review: The Nature of Value

Nature of Value

Incorporating concepts from evolution and ecology, this lucid and thought-provoking book presents the economy as an evolutionary system on the premise that an understanding of how evolution works in the biological realm provides insight into this process. It will help allocators improve their allocation decisions and will help all investors attain a more robust understanding of the dynamics that create and sustain value. Read more

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Book Review: Brandes on Value

Brandes on Value: The Independent Investor

Well-known value investor Charles H. Brandes, CFA, presents excellent long-term insights into the field of value investing. Examining a broad array of topics that have evolved since his earlier book, Brandes’s basic advice on value investing remains the same: buy cheap with a margin of safety, avoid the herd, and think long term. Read more

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Book Review: How to Really Ruin Your Financial Life and Portfolio

How to Really Ruin Your Financial Life and Portfolio

The author draws on his own investing experience to deliver a tongue-in-cheek guide on how to avoid common financial mistakes. Seasoned professionals and novice investors alike will laugh their way through the book’s lessons because the author possesses a brimming wit and a lifetime of collected wisdom, often gained through the same mistakes he cautions readers against. Read more

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Book Review: The Innovation Paradox

The Innovation Paradox: Why Good Businesses Kill Breakthroughs and How They Can Change

Tony Davila and Marc J. Epstein lay out a systematic approach for dealing with “creative destruction,” or disruptive innovation, via the “Startup Corporation,” a separate entity within a larger company used to spur revolutionary innovation. Although written for managers who wish to inspire their employees to create breakthrough innovations, the book has implications for investors as well. Read more

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Book Review: Advanced Equity Derivatives

Advanced Equity Derivatives: Volatility and Correlation

Sébastien Bossu reviews important concepts and recent developments in option pricing and modeling, including the latest generation of equity derivatives: volatility and correlation derivatives. Readers should have some familiarity with basic equity derivatives pricing and advanced mathematics because this book references the Black–Scholes model and other formulas for exotics. Read more

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