{"product_id":"investing-amid-low-expected-returns-making-the-most-when-markets-offer-the-least-9781119860198","title":"Investing Amid Low Expected Returns: Making the Most When Markets Offer the Least","description":"\u003cp\u003e\u003cb\u003eElevate your game in the face of challenging market conditions with this eye-opening guide to portfolio management\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003ci\u003eInvesting Amid Low Expected Returns: Making the Most When Markets Offer the Least \u003c\/i\u003eprovides an evidence-based blueprint for successful investing when decades of market tailwinds are turning into headwinds. \u003c\/p\u003e \u003cp\u003eFor a generation, falling yields and soaring asset prices have boosted realized returns. However, this past windfall leaves retirement savers and investors now facing the prospect of record-low future expected returns. Emphasizing this pressing challenge, the book highlights the role that timeless investment practices - discipline, humility, and patience - will play in enabling investment success. It then assesses current investor practices and the body of empirical evidence to illuminate the building blocks for improving long-run returns in today's environment and beyond. It concludes by reviewing how to put them together through effective portfolio construction, risk management, and cost control practices.\u003c\/p\u003e \u003cp\u003eIn this book, readers will also find: \u003c\/p\u003e \u003cul\u003e \u003cli\u003eThe common investor responses so far to the low expected return challenge\u003c\/li\u003e \u003cli\u003eExtensive empirical evidence on the critical ingredients of an effective portfolio: major asset class premia, illiquidity premia, style premia, and alpha\u003c\/li\u003e \u003cli\u003eDiscussions of the pros and cons of illiquid investments, factor investing, ESG investing, risk mitigation strategies, and market timing\u003c\/li\u003e \u003cli\u003eCoverage of the whole top-down investment process - throughout the book endorsing humility in tactical forecasting and boldness in diversification\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eIdeal for institutional and active individual investors, \u003ci\u003eInvesting Amid Low Expected Returns\u003c\/i\u003e is a timeless resource that enables investing with serenity even in harsher financial conditions.\u003c\/p\u003e\u003cbr\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAbout the Author\u003c\/b\u003e\u003cbr\u003e\u003cp\u003e\u003cb\u003eANTTI ILMANEN, PHD, \u003c\/b\u003eis Principal and Global Co-head of the Portfolio Solutions Group at AQR Capital Management. He advises institutional investors and develops AQR's high-level investment ideas. He is the author of \u003ci\u003eExpected Returns\u003c\/i\u003e and a recipient of the Graham and Dodd award, the Harry M. Markowitz Special Distinction Award, and multiple Bernstein Fabozzi\/Jacobs Levy awards.\u003c\/p\u003e\u003cbr\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":50554271236370,"sku":"9781119860198","price":20.99,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0831\/4771\/8930\/files\/img_dd5c715b-80e2-4a40-a683-3f038b3df3a6.jpg?v=1731710908","url":"https:\/\/surprise-castle.myshopify.com\/products\/investing-amid-low-expected-returns-making-the-most-when-markets-offer-the-least-9781119860198","provider":"Surprise Castle","version":"1.0","type":"link"}