{"product_id":"9780071748353","title":"Behavioral Investment Management: An Efficient Alternative to Modern Portfolio Theory","description":"\u003cp\u003e\u003cb\u003eThe End of Modern Portfolio Theory\u003c\/b\u003e\u003c\/p\u003e  \u003cp\u003e\u003ci\u003eBehavioral Investment Management\u003c\/i\u003e proves what many have been thinking since the global economic downturn: Modern Portfolio Theory (MPT) is no longer a viable portfolio management strategy. Inherently flawed and based largely on ideology, MPT can not be relied upon in modern markets.\u003c\/p\u003e  \u003cp\u003e\u003ci\u003eBehavioral Investment Management\u003c\/i\u003e offers a new approach-one addresses certain realities that MPT ignores, including the fact that emotions play a major role in investing. The authors lay out new standards reflecting behavioral finance and dynamic asset allocation, then explain how to apply these standards to your current portfolio construction efforts. They explain how to move away from the idealized, black-and-white world of MPT and into the real world of investing--placing heavy emphasis on the importance of mastering emotions.\u003c\/p\u003e  \u003cp\u003e\u003ci\u003eBehavioral Investment Management\u003c\/i\u003e provides a portfolio-management standard for an investing world in disarray.\u003c\/p\u003e  \u003cb\u003ePART 1-\u003c\/b\u003e The Current Paradigm: MPT (Modern Portfolio Theory); \u003cb\u003eChapter 1:\u003c\/b\u003e Modern Portfolio Theory as it Stands; \u003cb\u003eChapter 2:\u003c\/b\u003e Challenges to MPT: Theoretical-the assumptions are not thus; \u003cb\u003eChapter 3:\u003c\/b\u003e Challenges to MPT: Empirical-the world is not thus; \u003cb\u003eChapter 4:\u003c\/b\u003e Challenges to MPT: Behavioural-people are not thus; \u003cb\u003eChapter 5:\u003c\/b\u003e Describing the Overall Framework: Investors and Investments; \u003cb\u003ePART 2-\u003c\/b\u003e Amending MPT: Getting to BMPT; \u003cb\u003eChapter 1:\u003c\/b\u003eInvestors-The Rational Investor; \u003cb\u003eChapter 2:\u003c\/b\u003e Investments-Extracting Value from the long-term; \u003cb\u003eChapter 3:\u003c\/b\u003e Investments-Extracting Value from the short-term; \u003cb\u003eChapter 4:\u003c\/b\u003e bringing it together, the new BMPT paradigm; \u003cb\u003ePART 3-\u003c\/b\u003e Emotional Insurance: Sticking with the Journey; \u003cb\u003eChapter 1:\u003c\/b\u003e Investors- the emotional investor; \u003cb\u003eChapter 2:\u003c\/b\u003e Investments- Constraining the rational portfolio; \u003cb\u003ePART 4-\u003c\/b\u003e Practical Implications; \u003cb\u003eChapter 1:\u003c\/b\u003e The BMPT and Wealth Management; \u003cb\u003eChapter 2:\u003c\/b\u003e The BMPT and the Pension Industry; \u003cb\u003eChapter 3:\u003c\/b\u003e The BMPT and Asset Managemen","brand":"McGraw Hill LLC","offers":[{"title":"Default Title","offer_id":47148256788720,"sku":"9780071748353","price":72.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0737\/7593\/9824\/files\/9780071748353_p0.jpg?v=1763635786","url":"https:\/\/shop-qa.barnesandnoble.com\/products\/9780071748353","provider":"Barnes \u0026 Noble (DEV)","version":"1.0","type":"link"}