Publications

Investment Management: A Science to Teach or an Art to Learn?

Type
Link
Cost
Paid
Published
2014
Full Name
Investment Management: A Science to Teach or an Art to Learn?

Following the 2007–09 financial crisis, mainstream finance theory was criticized for failing to forecast the market crash, which resulted in large losses for investors. This book explores the current critiques of mainstream theory and discusses implications for the curricula of finance programs as well as for practitioners. It integrates a review of the literature supported by conversations with finance professors, asset managers, and other market players.

This book addresses the following questions:

  • Has our finance theory, which many consider an idealization that does not take reality into account, failed investors?
  • Do we need to reconsider the theory and how it is taught and practiced?