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Here I am going to tell you about the Best Investment and Financial Management Book for professionals investors and non-professionals.

Today’s Pick

Best Investment and Financial Management Book for professionals investors and non-professionals

Foundations of Investment Management: Mastering Financial Markets, Asset Classes, and Investment Strategies None Edition

Author of the Book: David E. Linton

About the author

Educational Background

1. CFA® charterholder
2. BS in Business Administration from the University of Southern California, graduating magna cum laude.
3. MBA from the University of Chicago Booth School of Business

Experience

1. Mr. Linton was former professor at the Marshall School of Business at the University of Southern California.
2. Worked as a Director of Portfolio Construction and Manager Research at Pacific Life and a Vice President and Portfolio Manager at PIMCO.
3. Economist and Asset Manager
4. Currently, he teaches investment management as an adjunct professor at the University of Texas McCombs School of Business.

Other Literary Works

1. His first book was “Foundations of Investment Management” in which he bridged the gap between academic understanding and practical way.
2. “Crushed”, Mr. Linton’s second book, was written and studied following his time as a USC lecturer. This book is written against the interesting questions raised in mind while lecturing. Mr. Linton couldn’t help but think, while he was admiring the stunning campuses of USC, UT Austin, the University of Chicago, and numerous other universities: why are college campuses so lovely? Why does college cost so much? How on earth am I going to pay for my three children’s college educations? Does earning a college degree make sense? And how can I strike a balance between what my children need and my own future without jeopardizing any of us?

About the Book

This comprehensive book should be the 1^st choice of investment professionals. On the other hand, this book is must read book for the persons who are nonprofessional or students of investment and management because the beauty of this book is that theory and practice both are used.

Understanding today’s world of intricate financial tools, lucrative investment possibilities, and potentially disastrous traps is made easier with the help of Foundations of Investment Management: Mastering Financial Markets, Asset Classes, and Investment Strategies.

This approachable manual covers stocks, bonds, and alternative investments along with the who, what, how, and why of investing in various asset types.

It cites recent scholarly research and also makes use of instances from real-world situations.

To further increase this book’s depth and reader usability, seven industry professionals have co-authored a few chapters.

Financial analysts, portfolio managers, sales people who deal with customers, product experts, and anybody starting out in their finance profession who wants to learn about the relationships and interactions between investors, clients, and products will find this particular guide to be quite helpful.

The comprehensive overview of the investment management industry offered by Foundations of Investment Management includes definitions of important terms and players, an identification of investment vehicles, strategies, and asset classes, as well as an analysis of each strategy with an emphasis on its relative usefulness and potential integration into a well-diversified portfolio. Even though the subject matter is difficult, each issue is simplified in a way that is very understandable and natural, giving the reader the knowledge they need to handle their investments or communicate with clients more effectively. To maximize the information offered, each chapter concludes with a summary and investment implications.

Key Features

• Various Fund Structures
• Growth of Mutual Fund Industry
• Fund of Funds
• Annuities
• Separately Managed Accounts
• Investment Considerations of Institutional Investors
• Propensity to respond similarly to market developments
• Supply tools for the optimization of Fixed Income Portfolio
• Examines the background of the US Federal Reserve and the Bank of England and outlines the goals, resources, and response mechanisms of central banks.
• Difference between Investing and Speculating using several techniques.
• Stock investing and presents a number of equity valuation techniques.
• Stock investment and equity valuation methods
• Growth of high frequency trading
• Explains techniques to portfolio creation that are conviction-based and mean variance optimized.
• History of real assets, defines each one, outlines the factors that affect return, and explains how an investor can use financial instruments or investment vehicles to get exposure to each real asset.
• Fundamentals of bonds, such as bond income, interest rate sensitivity, and sources of risk like credit and liquidity.
• Outlines the evolution of our understanding of behavioral biases, explains how these biases impact investment decisions, and offers strategies and tactics to avoid their pitfalls.
• Presents the theory behind factors and factor investing from both an academic and practitioner perspective.

Book Parts & Topics Covered

Part 1: Market, Vehicles and Participants

Chapter 1: Financial Assets & Capital Markets

Chapter 2: Investment Vehicles

Chapter 3: Institutional Investors

Chapter 4: Global Central Banks & the Federal Reserve

Part 2: Investing & Portfolio Construction

Chapter 5: Investment Strategies

Chapter 6: Equity Investing

Chapter 7: Fixed Income Investing

Chapter 8: Real Asset Investing

Chapter 9: Hedge Funds

Part 3: Recent Advances in Finance and Investing

Chapter 10: Factor Investing & Smart Beta Chapter 11: Behavioral Finance

Concluded Review

For both seasoned and prospective investment management professionals, Linton’s Foundations of Investment Management is an invaluable resource. This book makes use of the extensive information that Linton has accumulated over the course of his many years as a strategist and portfolio manager. These general understandings are enhanced by the very detailed understandings of experts like commodity-based investment icon Bob Greer. The fact that the book is current, featuring the newest technologies and background information on recent market events, may be of the most use to the seasoned investment management expert.

David Linton does a fantastic job of thoroughly presenting industry subjects through humorous and enjoyable anecdotes. Even seasoned professionals should read this book since it’s an excellent starting point for anybody interested in the field, especially in light of the current uncertainties brought on by the coronavirus. Another fantastic thing about this book is that each chapter may be read alone, in any sequence, or as a refresher on a particular subject. It also has a ton of fantastic, vibrant charts that help clarify each topic that is covered.

Even though investment management and economics are complicated subjects, Professor Linton skillfully demystifies them so that even the non-expert may understand them.
For undergraduate and graduate students interested in a career in asset management, Foundations is a must-read. The variety of topics is extensive, encompassing the most pertinent fields influencing today’s financial professional.

This book is worth reading if you are thinking about a career in finance, getting ready for a job interview, or you just want a new viewpoint on the most important investing themes.

The fact that the “book is practical” is my favorite feature. That is, rather than emphasizing academics, it concentrates on topics that practitioners genuinely care about. Although there are many fascinating books on academic theory, this one stands out since it was written by a financial professional as opposed to a professor.