Behavioral Portfolio Management: How Successful Investors Master Their Emotions And Build Superior Portfolios

C. Thomas Howard
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Behavioral Portfolio Management: How Successful Investors Master Their Emotions And Build Superior Portfolios

C. Thomas Howard
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Overview

329 PAGESENGLISH

Promotional Details
  • Published date: Mar 17, 2014
  • Language: English
  • No. of Pages: 329
  • Publisher: Harriman House
  • ISBN: 9780857193575
  • Dimensions: 6.14" W x 0.75" L x 9.21" H

Dr. Howard is co-founder of AthenaInvest, a Greenwood Village-based SEC Registered Investment Advisor. He led the research project that resulted in Strategy Based Investing, the methodology which underlies AthenaInvest's investment approach. He oversees Athena's ongoing research, which has led to a number of industry publications and conference presentations. Dr. Howard currently serves as CEO, Director of Research, and Chief Investment Officer at Athena.

Dr. Howard is a Professor Emeritus at the Reiman School of Finance, Daniels College of Business, University of Denver, where for over 30 years he taught courses and published articles in the areas of investment management and international finance. For many years he presented stock analysis seminars throughout the US for the American Association of Individual Investors, a national investment education organization headquartered in Chicago. Dr. Howard has been a guest lecturer at SDA Bocconi, Italy’s leading business school and at Handelsho/jskole Syd in Denmark and was a 2004 Summer lecturer in international finance at EM Lyon in France.

He consulted with a number of firms, most recently First Data Corp and Janus Capital Group, and served for 10 years on the Board of Directors for AMG National Trust Bank N.A., a financial counseling and investment management firm headquartered in Denver.

After receiving his BS in Mechanical Engineering at the University of Idaho, Dr. Howard worked three years for Proctor Gamble as a production and warehouse manager. He then entered Oregon State University where he received an MS in Management Science after which he received a Ph.D. in Finance from the University of Washington.

“My compliments to Thomas Howard on a book well written.” —Charles Lewis Sizemore, CFA, editor, Macro Trend Investor, and chief investment officer, Sizemore Capital Management

“Professional money managers and investment advisers alike will find Tom Howard's thought-provoking exploration of the practical implications of investing in a world where emotional crowds dominate the determination of prices to be an interesting and engaging read.” —Jim Peterson, Chief Investment Officer, Charles Schwab Investment Advisory, Inc.

“By rethinking the basic challenges of equity investing from a behavioral viewpoint, Professor Howard has arrived at some totally fresh insights into what it takes to be an outstanding long term investor. Though aimed at professionals in the field of investment management, many of the ideas presented in this highly readable book will be invaluable to a wider audience.” —Andrew Cox, Director, Janus Capital Group

“Tom Howard masterfully bridges the gap between the insights of behavioral finance and the demands of portfolio management, and he explains behavioral data investing in a forthright and engaging style. Advisors and investors alike stand to benefit from this book.” —Philip Lawton, Ph.D., CFA, Research Affiliates, LLC

“There has been a glaring hole in the study of behavioral finance, namely, how to incorporate its caveats and principles into successful investment management. Behavioral Portfolio Management helps to fill the gap left behind by theorists with its creation of a unique framework for investment managers.” —Jason A. Voss, CFA, CFA Institute Behavioral Finance Content Director, author of The Intuitive Investor, retired investment manager

“Tom Howard was the most inspirational and influential professor in my master's program. I am pleased that he has taken his enthusiastic and thorough approach from the classroom to the real world. His proven ability to harness behavioral factors and rigorously apply them to the portfolio management process makes this book a fascinating read!” —George Spentzos, Managing Director, Societe Generale, London, UK

“This book gives good, conservative advice, and does not promote risky cowboy-like investment. I recommend it to anyone getting into finance, or looking to invest for their retirement.” —Ben Wolinsky, Olive Branch United

“This book is not merely a boring reiteration of the necessary fundamentals, but contains a combination of facts that show weakness of MPT and original ideas. The book contains inconvenient author findings of good stock picking skills of fund managers and obstacles that prevent good fund performance. Although financial gains through common stocks are possible for any investor, the author shows that consistent investment strategy allows increase probability to achieve good results. IMO some author's ideas are still not proven adequately but I think it will be fruitful to read this book not only for CFAs (prime audience) but also for amateur investors.” —J. Chang Hyjun, Seeking Alpha

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