The Investors Paradox, Brian Portnoy
The Investors Paradox, Brian Portnoy
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The Investor's Paradox
The Power of Simplicity in a World of Overwhelming Choice

Author: Brian Portnoy

Narrator: Andy Paris

Unabridged: 9 hr 11 min

Format: Digital Audiobook Download

Publisher: Recorded Books

Published: 02/07/2014

Synopsis

Investors are in a jam. A troubled global economy, unpredictable markets, and a bewildering number of investment choices create a dangerous landscape for individual and institutional investors alike. To meet this challenge, most of us rely on a portfolio of fund managers to take risk on our behalves. Here, investment expert Brian Portnoy delivers a powerful framework for choosing the right ones - and avoiding the losers. Leveraging the fresh insights of behavioral economics, Portnoy demystifies the opaque world of elite hedge funds, addresses the limits of mass market mutual funds, and discards the false dichotomy between " traditional" and " alternative" investments. He also explores why hedge funds have recently become such a controversial and disruptive force. It' s not the splashy headlines - spectacular trades, newly minted billionaires, aggressive tactics - but something much more fundamental. The stratospheric rise to prominence and availability of alternative strategies represents an explosion in the size and complexity of the choice set in a market already saturated with products. It constitutes something we all both crave and detest: More. THE INVESTOR' S PARADOX offers not only practical tools for investment success but also a message of empowerment for investors drowning in possibility.

Reviews

Goodreads review by Chris on February 02, 2020

This book was interesting, but not all that useful for a practitioner. The Investor's Paradox refers to the mushrooming of fund strategies in recent years (the book was written circa 2012-13), and how an investor would go about building a portfolio of hedge-funds vs. constructing portfolios via dive......more

Goodreads review by Cody on June 19, 2021

Interesting book but a little higher level than I expected (or hoped for). The premise sets itself up to tell you how to evaluate fund managers. It talks about this purely from an active management perspective, with a focus on hedge funds and mutual funds. The author presents a "unified system" for......more

Goodreads review by Chris on May 17, 2021

I can’t express how much I enjoyed this book. For some reason, I started with Portnoy’s most recent book and worked my way back to this one. This book is hands-down one of the must-read books for people thinking about investing, people who are new, but most of all, people who have experience. Brian......more

Goodreads review by Jef on August 13, 2019

While there was nothing wrong with this book, I skimmed it and it wasn't jumping out at me. It felt like many books I'd read before and not sure I was that "invested" in it. The key benefit is that it wasn't particularly long so it was a smooth and easy read. 👍......more

Goodreads review by Chenjiazi on November 04, 2019

"We crave abundant investment choices to meet daunting portfolio problems in a world of volatile markets, manic news flow and shifting geopolitical rhythms. But the more choices we are afforded, the more overwhelmed, less empowered, and ultimately less successful investors we potentially become."......more

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