Ben Graham Was a Quant: Raising the IQ of the Intelligent Investor: 600 (Wiley Finance) - Hardcover

Greiner, Steven P.

Hardcover

ISBN 10: 0470642076 ISBN 13: 9780470642078

Publisher: Wiley, 2011

Synopsis

Innovative insights on creating models that will help you become a disciplined intelligent investor

The pioneer of value investing, Benjamin Graham, believed in a philosophy that continues to be followed by some of today's most successful investors, such as Warren Buffett. Part of this philosophy includes adhering to your stock selection process come "hell or high water" which, in his view, was one of the most important aspects of investing.

So, if a quant designs and implements mathematical models for predicting stock or market movements, what better way to remain objective, then to invest using algorithms or the quantitative method? This is exactly what Ben Graham Was a Quant will show you how to do. Opening with a brief history of quantitative investing, this book quickly moves on to focus on the fundamental and financial factors used in selecting "Graham" stocks, demonstrate how to test these factors, and discuss how to combine them into a quantitative model.

• Reveals how to create custom screens based on Ben Graham's methods for security selection
• Addresses what it takes to find those factors most influential in forecasting stock returns
• Explores how to design models based on other styles and international strategies

If you want to become a better investor, you need solid insights and the proper guidance. With Ben Graham Was a Quant, you'll receive this and much more, as you learn how to create quantitative models that follow in the footsteps of Graham's value philosophy.

About this title

About the Author

STEVEN P. GREINER, Ph.D., has served as the senior quantitative strategist and portfolio manager for Allegiant Asset Management (now wholly owned by PNC Capital Advisors) and was a member of its Investment Committee. Prior to this, he was a senior quantitative strategist for large capitalization investments at Harris Investment Management. He has more than twenty years of quantitative and modeling experience. Currently, Dr. Greiner is the head of Risk Research for FactSet Research Systems. He received a BS in mathematics and chemistry from the University of Buffalo, an MS and PhD in physical chemistry from the University of Rochester, and attained postdoctoral experience from the Free University Berlin, Department of Physics.

From the Back Cover

The pioneer of value investing, Benjamin Graham, believed in a philosophy that continues to be followed by some of today's most successful investors, such as Warren Buffett. Part of this philosophy includes adhering to your stock selection process come "hell or high water," which, in his view, was one of the most important aspects of investing.

So, if a quant designs and implements mathematical models for predicting stock or market movements, what better way to remain objective than to invest using algorithms in a quantitative method? This is exactly what Ben Graham Was a Quant will show you how to do.

Opening with a brief history of quantitative investing, this book quickly moves on to focus on the fundamental and financial factors used in selecting "Graham" stocks, demonstrate how to test these factors with current software, and discuss how to combine them into a quantitative model. Along the way, Ben Graham Was a Quant also takes the time to define the search for Alpha and explain what it is, highlight some of the inadequacies of modern portfolio theory, and introduce specific risk measures you should become familiar with.

One of the best aspects of quantitative investing is that it ultimately leads to disciplined, and intelligent, investing. Ben Graham Was a Quant will help you achieve this goal by codifying Graham's value philosophy and combining it with quantitative methods all while using a minimum of mathematics. With this book as your guide, you'll discover a better way to invest, as you learn how to create quantitative models that follow in the footsteps of Graham's proven value approach.

From the Inside Flap

The pioneer of value investing, Benjamin Graham, believed in a philosophy that continues to be followed by some of today's most successful investors, such as Warren Buffett. Part of this philosophy includes adhering to your stock selection process come "hell or high water," which, in his view, was one of the most important aspects of investing.

So, if a quant designs and implements mathematical models for predicting stock or market movements, what better way to remain objective than to invest using algorithms in a quantitative method? This is exactly what Ben Graham Was a Quant will show you how to do.

Opening with a brief history of quantitative investing, this book quickly moves on to focus on the fundamental and financial factors used in selecting "Graham" stocks, demonstrate how to test these factors with current software, and discuss how to combine them into a quantitative model. Along the way, Ben Graham Was a Quant also takes the time to define the search for Alpha and explain what it is, highlight some of the inadequacies of modern portfolio theory, and introduce specific risk measures you should become familiar with.

One of the best aspects of quantitative investing is that it ultimately leads to disciplined, and intelligent, investing. Ben Graham Was a Quant will help you achieve this goal by codifying Graham's value philosophy and combining it with quantitative methods all while using a minimum of mathematics. With this book as your guide, you'll discover a better way to invest, as you learn how to create quantitative models that follow in the footsteps of Graham's proven value approach.

Edition details

• Publisher: Wiley
• Publication date: 2011
• Language: English
• ISBN 10: 0470642076
• ISBN 13: 9780470642078
• Binding: Hardcover
• Edition number: 1
• Number of pages: 352