People tend to be penny wise and pound foolish and cry over spilt milk, even though we are taught to do neither. Focusing on the present at the expense of the f

The Efficient Market Hypothesis (EMH) asserts that, at all times, the price of a security reflects all available information about its fundamental value. The im

Diderich describes tools and techniques, which can be used to develop quantitative models for actively managing investment products, and focuses on how theoreti

The cash flows of growth stocks are particularly sensitive to temporary movements in aggregate stock prices (driven by movements in the equity risk premium), wh

The guide for investors who want a better understanding of investment strategies that have stood the test of time This thoroughly revised and updated edition of