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INVESTING: THE COLLECTED WORKS OF MARTIN L. LEIBOWITZ
This book is divided into three major parts:
1. Asset Allocation and Pension Fund Strategies
2. Stocks, Real Estate and Convertibles
3. Bond Portfolio Management
Leibowitz addresses many of the fundamental is- sues confronting investors:
- How can a portfolio's downside risk be reduced?
- Does the length of the holding period affect the choice between bonds and stocks?
- What determines the P/E ratio of a company's stock?
- What rofe can foreign assets play in reducing the downside risk?
- How do interest rate movements affect bonds? Equities? Real estate? The overall portfolio?
- How can a bond portfolio be structured to achieve prescribed objectives?
- Does the asset with the best total return always provide the most desirable outcome?
Even when dealing with such complex issues, Leibowitz strives to leave the reader with a deeper and more intuitive understanding. As Sharpe says, "... Marty is a rarity... There is... no abstraction for abstraction's sake... The style is only as formal as it need be. The intent is to communicate His collected works constitute a true 'tour de force."
10000867 | 332.632 LEI i | RLC MM (Rak Buku Umum) | Available |
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