About this item
Highlights
- HIGH RETURNS from LOW RISK If you lie awake at night worrying about your retirement, paying for your children's schooling or your general financial security, High Returns from Low Risk is your solution to a sound sleep.
- About the Author: PIM VAN VLIET, PhD, is the Founder and fund manager of the multi-billion dollar Conservative Equity funds at Robeco.
- 176 Pages
- Business + Money Management, Personal Finance
Description
About the Book
High Returns from Low Risk: A remarkable stock market paradox combines the latest behavioral investing insights with 85 years of stock market data to prove that investing in low-volatility, low-risk stocks provides market beating returns, outperforming higher-risk stocks by an order of magnitude. Through a deep historical simulation period, the authors prove that their formula works even better than Greenblatt's ('The Little Book That (still) Beats The Market'), delivering higher returns per unit of risk. They go on to show how investors can construct a low-risk portfolio for themselves, or select the right ETF or active low-risk fund to manage their money, and explain why investing in low-risk stocks works and will continue to work into the future, even after the paradox becomes better known. The Investment Paradox enables readers to achieve excellent, long-term investment results, while lowering their exposure to risk. --Publisher.Book Synopsis
HIGH RETURNS from LOW RISK
If you lie awake at night worrying about your retirement, paying for your children's schooling or your general financial security, High Returns from Low Risk is your solution to a sound sleep. This unique wealth management guide is written by a fund manager who oversees billions of dollars in portfolio assets, and who wants to share his approach with individual investors, advisors, bankers and everyone interested in the stock market. Despite all the appeal exciting stocks have, his evidence-based strategy repeatedly proves low-risk stocks historically beat high-risk ones going back well over eighty years. By how much? Over eighteen times the returns!
Growing wealth doesn't have to be stressful, and it shouldn't be risky when you get High Returns from Low Risk.
'The low-risk effect, that is the idea that historically, unlike many well-known theories, average return across stocks doesn't appear to go up with most standard measures of risk, is one of the most important "anomalies" in modern finance. Pim van Vliet is one of the pioneers in studying this effect and using it to improve investor portfolios. Anyone interested in systematic equity investing should carefully read this important book.'
-- Clifford S. Asness, Founder, Managing Principal and Chief Investment Officer at AQR Capital Management, USA
'Pim van Vliet's experience as one of the pioneers of low-volatility investing gives him unique insight into one of the most fascinating economic anomalies of our time. The idea that risk, properly defined, generates a positive return, is one of those ideas that becomes even more profound when we learn it is not true. There is no cosmic risk karma that pays people for taking risk, and this book will help people understand what types of investment risks generate premiums, and which will actually cost you money.' --Eric Falkenstein, Author of The Missing Risk Premium: Why Low Volatility Investing Works, USA
From the Back Cover
If you lie awake at night worrying about your retirement, paying for your children's schooling or your general financial security, High Returns from Low Risk is your solution to a sound sleep. This unique wealth management guide is written by a fund manager who oversees billions of dollars in portfolio assets, and who wants to share his approach with individual investors, advisors, bankers and everyone interested in the stock market. Despite all the appeal exciting stocks have, his evidence-based strategy repeatedly proves low-risk stocks historically beat high-risk ones going back well over eighty years. By how much? Over eighteen times the returns!
Growing wealth doesn't have to be stressful, and it shouldn't be risky when you get High Returns from Low Risk.
'The low-risk effect, that is the idea that historically, unlike many well-known theories, average return across stocks doesn't appear to go up with most standard measures of risk, is one of the most important "anomalies" in modern finance. Pim van Vliet is one of the pioneers in studying this effect and using it to improve investor portfolios. Anyone interested in systematic equity investing should carefully read this important book.'
-- Clifford S. Asness, Founder, Managing Principal and Chief Investment Officer at AQR Capital Management, USA
'Pim van Vliet's experience as one of the pioneers of low-volatility investing gives him unique insight into one of the most fascinating economic anomalies of our time. The idea that risk, properly defined, generates a positive return, is one of those ideas that becomes even more profound when we learn it is not true. There is no cosmic risk karma that pays people for taking risk, and this book will help people understand what types of investment risks generate premiums, and which will actually cost you money.' --Eric Falkenstein, Author of The Missing Risk Premium: Why Low Volatility Investing Works, USA
Review Quotes
"A must-read for all institutional investors looking to reap investment rewards in an ever-increasing tough economic environment." (Pensions Age, June 2017)
"... it's a great edition to any stock market investors library." (Stockopedia, June 2017)
"This cleverly defined set of arguments poses an interesting challenge for those who remain intent on chasing higher premiums." (Investment Europe, March 2017)
About the Author
PIM VAN VLIET, PhD, is the Founder and fund manager of the multi-billion dollar Conservative Equity funds at Robeco. These low-risk funds are based on academic research and provide investors with a stable source of income from the stock market. Pim is a guest lecturer at several universities, the author of numerous financial publications and travels the world advocating low-volatility investing.
JAN DE KONING, CFA, CAIA, CMT is an investment specialist for Robeco's quantitative equities strategies and conducts client and consultant meetings, speaks at conferences, and gives seminars on low-volatility investing. In the past, he published regular investment updates and was an investment advisor, portfolio manager and fiduciary manager for institutional investors.