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Searching for Alpha By Ben Warwick This item will be published on May 5, 2000. Order now and save 30%. Amazon will ship it to you when it arrives. Read the Author Interview See what are others saying about this book . . . Searching for Alpha investigates the history of the Nobel Prize winning equation that identified that portion of an investment’s return (now called alpha) that results from skill and not solely from the direction of the market - thereby demonstrating the inextricable link between risk and return. This radical notion, which fortified mere speculation with science, also served as the impetus for the modern portfolio. Searching for Alpha takes its readers through the development of the modern investment industry, the rise of mutual funds, and the advent of the modern hedge fund. By combining cutting edge financial theories with amusing anecdotes featuring some of the most well-known characters from modern American literature, Searching for Alpha is both an invaluable resource and a pleasure to read.
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What Are Others Saying About Alpha?
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You'd never know it from all the advertising done by mutual funds or the glossy brochures their sponsors create to attract your money. But if you own a fund, you must remember this: You and your fund manager aren't entirely on the same side. A new book helps you navigate the inherent conflict of interest between you and the folks who manage your money. Robert Barker Searching for Alpha is right on the mark and essential reading for anyone who wants to go beyond stock-picking and think about how to construct a total portfolio to fit their own risk and return objectives. Bluford H. Putnam Searching for Alpha is as instructional as it is entertaining. Ben Warwick’s engaging examination of the modern investment process is succinct yet thorough, and cleverly interspersed with amusing facts, anecdotes, and historical insights… a charming book with lots of insight for both the novice and the professional. Mark Kritzman Searching for Alpha is a wild and entertaining read that just happens to be an investment book. Along the way, you'll read about the Civil War, the origin of professional football and even whaling - and by the time you're through, you'll know more about the investment game than you ever imagined. Jeremy Pink Searching for Alpha is an erudite, well-written, and interesting book – with the added advantage of being right! The theory is state of the art; the practice is very much current. Warwick has a special talent for historical analogy and storytelling. Theodore R. Aronson Searching for Alpha successfully combines fascinating anecdotes with a unique and valuable insight into modern investing. I highly recommend this book! Frank Jones A random walk through the investment mine field with practical applications in laymen's terms. Searching for Alpha is an essential read for all investors who want to learn how to improve their portfolio returns. Brian Cornell Searching for Alpha is a great book! It will help many investors understand why their portfolios can occasionally produce disappointing returns, even though the market's current direction and sentiment is positive. More importantly, it spells out some steps that they can take to maximize their chances of investment success. But perhaps its most important contribution is to make everyone aware that when it comes to markets, there are no magic bullets. Greg Newton In this period of unprecedented valuations, Searching for Alpha brings us down to earth with invaluable guidance on the risks and returns of investing. All investors can profit from this book. Paul Merriman |
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