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The New Money Management: A Framework for Asset Allocation (Wiley Finance Book 47) by [Vince, Ralph]

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The New Money Management: A Framework for Asset Allocation (Wiley Finance Book 47) 1st Edition, Kindle Edition

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Length: 224 pages Language: English

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Product description

Product Description


In his bestselling Portfolio Management Formulas and TheMathematics of Money Management, Ralph Vince brought the complexmathematics of probability and modern portfolio management theorydown to earth for traders and investors. He introduced innovativenew ways they could be used to maximize account managementdecisions. Now, in this groundbreaking new book, Vince takes aquantum leap forward to provide investment professionals with aproven new approach to portfolio management that overturns nearly ahalf-century of accepted wisdom about asset allocation and moneymanagement.

The culmination of Ralph Vince's years spent probing the limits ofthe mathematics of portfolio management, The New Money Managementelaborates on his celebrated Optimal f notion--a concept which willbe familiar to readers of either of Vince's previous books--toprovide a revolutionary portfolio management model designed tooptimize account performance, not just in the long run, but atvirtually any given point in time.

Unlike traditional models which focus on risk and reward ascompeting entities, the approach to portfolio constructiondescribed in this book concentrates on obtaining optimal synergyamong all of the various components of a given portfolio. Unlikeprevious portfolio models which assumed an a priori distribution toreturns, usually with returns being normally distributed, this newmodel is applicable to any distributional form of return.

In The New Money Management, Ralph Vince once again demonstrateshis critically acclaimed talent for talking about highly complexconcepts in practical, real-world terms. Writing in a lively,anecdotal style, and relying on a bare minimum of math, he gentlyguides readers through the maze of complex theoretical issues whilearming them with a set of easy-to-understand, easy-to-use formulasand investment strategies that they can put into practiceimmediately.

The New Money Management is an indispensable resource for allinvestment professionals, especially traders in stocks, options,and futures; institutional investors; and portfolio managers.

From a leading pioneer in portfolio theory, a revolutionary newapproach to maximizing ongoing account equity . . .

In his most original and accessible book yet, computer tradingsystems expert Ralph Vince introduces investment professionals to arevolutionary portfolio management model designed to optimizeaccount performance, not just in the long run, but at virtually anygiven point in time.

"Ralph Vince has done it again. His work is original andlevel-headed, and contributes more than anyone else to ourunderstanding of risk. Vince's work is required reading for anyportfolio manager." --Barbara Rockefeller, President RockefellerAsset Management, Inc.

"Ralph Vince's optimal concept is the single best strategy fordetermining how many contracts or number of shares to buy whenfirst entering a trade. This latest book breaks new ground in thefield of money management." --Howard A. Bernstein, President HBCapital Management, Inc.

"I would encourage all progressive portfolio managers to understandRalph Vince's methodology. His works continue to be a rigorouslywell-researched and documented method of risk control and assetallocation. His focus is unique in our industry." --Michael J.McCarthy, Portfolio Manager Signalert Corporation

"A great book, if you want to get rich quickly without going brokefirst, to help you formulate your risk and trading strategy."--Harry Ploss Private Managed Futures Investor and Actuary

From the Publisher

This groundbreaking practical guide introduces a revolutionary portfolio management model for optimizing account performance at virtually any given point in time. Explains highly complex concepts in straightforward terms using a bare minimum of math. Provides traders and investors with easy-to-understand, easy-to-use formulas and investment strategies that they can put into practice immediately.

Product details

  • Format: Kindle Edition
  • File Size: 2690 KB
  • Print Length: 224 pages
  • Publisher: Wiley; 1 edition (11 March 2008)
  • Sold by: Amazon Asia-Pacific Holdings Private Limited
  • Language: English
  • ASIN: B000WE9OFG
  • Text-to-Speech: Enabled
  • X-Ray:
  • Word Wise: Not Enabled
  • Enhanced Typesetting: Not Enabled
  • Average Customer Review: Be the first to review this item
  • Amazon Bestsellers Rank: #4,81,526 Paid in Kindle Store (See Top 100 Paid in Kindle Store)
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Most helpful customer reviews on 4.1 out of 5 stars 4 reviews
5.0 out of 5 starsGreat Book
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The Walrus
3.0 out of 5 starsComplex yet lacking
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B. Wilhite
4.0 out of 5 starsAddresses questions I've never seen addressed before
27 January 2007 - Published on
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3.0 out of 5 starsGood book to have
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