Investors are in a jam.
Written in accessible, jargon-free language, with a healthy skepticism of today\'s money managem.
The Investor\'s Paradox lights a path toward Simplicity in a World of dangerous markets and Overwhelming choice.
It constitutes something we all both crave and detest.
The stratospheric rise to prominence and availability of alternative strategies represents a further explosion in the size and complexity of the Choice set in a market already saturated with products.
Turns out it\'s not the splashy headlines - spectacular trades, newly minted billionaires, aggressive tactics - but something much more fundamental.
He also explores why hedge funds have recently become such a controversial and disruptive force.
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.
Hence "the investor\'s paradox": We crave abundant investment choices to conquer volatile markets, yet with greater flexibility, the more overwhelmed and less empowered we become.
So, too, with investing, where there are literally tens of thousands of funds from which to choose.
A paradox we all face is the natural desire for more Choice in our lives, yet the more we have, the less satisfied we become - whether we\'re at the grocery store, choosing doctors, or flipping through hundreds of TV channels.
Portnoy reveals that the right answers are found by confronting our own subconscious biases and behavioral quirks.
Here, investment expert Brian Portnoy delivers a powerful framework for choosing the right ones - and avoiding the losers.
To meet this challenge, most of us rely on a portfolio of fund managers to take risk on our behalves.
A troubled global economy, unpredictable markets, and a bewildering number of investment choices create a dangerous landscape for individual and institutional investors alike.
Investors are in a jam
