Transform today’s surplus of investment information into a high-level investment strategy
In an investment climate characterized by rapidly increasing access to information, it has become a real problem to sort out the legitimate financial advice, grounded in traditional analysis, from the constant stream of useless information, or ‘noise.’ Such ‘noise’, through technological advances such as the Internet, has become widespread. This overload of information is hurting investors, since it makes real analysis based on factual inference harder to come by. This book steers investors through the ‘noise’ to show them where and how to find solid investment information. This step-by-step guide is based on a very popular presentation the author makes to new private clients at Merrill Lynch.
Richard Bernstein (New York, NY) is First Vice President and Chief Quantitative Strategist at Merrill Lynch & Company. Prior to joining Merrill Lynch, he worked for E. F. Hutton and Tucker Anthony. He has been voted to the Institutional Investor All-America Research Team in each of the last eight years, and has appeared on Wall Street Week with Louis Rukeyser.
Tabella dei contenuti
Acknowledgments.
Introduction.
Chapter 1. What Is Noise?
Chapter 2. The Risks of Do-It-Yourself Investing: What You Don’t Know Could Hurt Your Performance.
Chapter 3. Noise and Expectations: What Goes Around, Comes Around.
Chapter 4. Noise and Long-Term Investment Planning.
Chapter 5. Noise and Diversification.
Chapter 6. Noise, Risk, and Risk Assessment.
Chapter 7. Investment Losses, Time Horizon, and Risk.
Chapter 8. Don’t Search for Good Companies, Search for Good Stocks.
Chapter 9. What Makes a Good Analysts?
Chapter 10. Growth and Value and Noise.
Chapter 11. A Preflight Checklist.
Glossary of ‘Noisy’ Terms.
Notes.
Index.
Circa l’autore
RICHARD BERNSTEIN is Chief U.S. Strategist at Merrill Lynch & Co., Inc., where he is responsible for formulating and marketing Merrill Lynch’s U.S. equity strategies and asset allocation. Prior to joining Merrill Lynch, he worked for EF Hutton and Tucker Anthony. He has been voted to the Institutional Investor All-America Research Team in each of the last fourteen years, and was a regular panelist on Louis Rukeyser’s Wall Street. Bernstein received his AB degree from Hamilton College and MBA in finance from New York University.