“Many investors have substantial business expertise, and experience in specific capitalmarkets. But such knowledge is not enough. Success requires an integrated view ofthe investment problem, and of the full range of investment products. Peter Stanyer’sexcellent guide to investment strategy provides exactly this, summarising the latestthinking in a concise, readable format.” John Campbell, Professor of Economics, Harvard University“Peter Stanyer uses both his practical investment experience and recent developmentsin financial economics to tackle many of the more important and complex decisionsfaced by investors. Don’t expect to find simple answers; do expect to be stimulated.”Richard Brealey, Emeritus Professor of Finance, London Business School“This book provides a thoughtful and incisive appraisal of the optimal approachto long-term investment, drawing on historical data, the latest academic studiesand best practice among institutional investors. It will be essential reading forinvestment advisers and private bankers as well as individual investors seekingto preserve and grow wealth.” John Calverley, Chief Economist and Strategist, American Express Bank“Investing today grows more complex by the day, and it is important to take a stepback and simplify the foundation of the principles that guide the desired results. Thisguide does just that in a practical and accessible manner.”Christopher Hyzy, Investment Strategist, U.S. Trust“Peter Stanyer has used the full breadth of his experience to construct a guide whichis practical but also insightful. The style is that of a knowledgeable friend, tellinginteresting stories, patiently explaining difficult points, but never talking down. Boththe professional investor and the interested amateur will quickly find much useful andrelevant information in this book.”Chris Hitchen, Chief Executive, Railways Pension Trustee Co Ltd“Wealth management has been traditionally associated with expensive lunches,bespoke tailoring and not much else. Peter Stanyer’s excellent, accessible guidebrings the techniques of quantitative finance to wealth management, giving thesubject a structure and content that has been sorely needed.”Dr Steve Satchell, Reader of Financial Econometrics, Cambridge University; Fellow,Trinity College, CambridgePeter Stanyer is one of the most knowledgeable investment professionalsI encountered during my three decades at Merrill Lynch. Peter has utilisedsound academic research, but he has also listened to investors over the years.The result is a clear, practical and authoritative book on investing in today’smarkets that will be useful for both high net worth investors and their financialadvisers. I highly recommend it.Winthrop H. Smith Jr, Chairman of the Advisory Board of Overture FinancialServices, former Executive Vice President of Merrill Lynch & Co. and Chairmanof Merrill Lynch International, Inc.
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