This is an advanced course for investors in the market, covering cutting-edge investment principles and practices used by professionals. You learn hands-on techniques for analyzing the central problem of investing: How to determine if a potential investment is a good deal. Employing concepts from probability and statistics, you learn how to measure risk accurately. Then you explore methods for determining if a given security, such as a stock or bond, will generate returns that compensate for its risk.
Throughout these 24 in-depth lectures, you weigh the relative advantages of active and passive investment strategies. An active approach takes advantage of mispriced securities that can be traded for a profit. A passive strategy seeks to build a well-diversified portfolio that can be put on automatic pilot. Many investors combine these strategies, and Professor Slezak takes you through a wide range of cases that show how to devise a balanced approach.
His many useful tips include how to avoid the most common mistakes that investors make, why you should think in terms of net present value in evaluating a company, how to combine securities in order to control risk, and the importance of analyzing an investment before you act.
Professor Slezak is an expert who knows how to communicate effectively. He enlivens his presentation with colorful anecdotes and object lessons from the recent history of Wall Street. His parting advice: Don't be afraid of the market. Nothing is a sure thing, he stresses, but the market has performed consistently over the long term.
PLEASE NOTE: When you purchase this title, the accompanying reference material will be available in your Library section along with the audio.
©2014 The Great Courses (P)2014 The Teaching Company, LLC
"Excellent content, but you need to watch the video"
The course content was excellent. However, because there's a lot of math/statistics involved, listening to equations being spoken leaves you missing out. I'm a long-time Teaching Company (aka The Great Courses) customer and I wish I had purchase this item directly from them in the video format. Although I was excited to see it on Audible (where it is also cheaper), it was just too hard to follow without actually seeing anything.
"Really not what I spected"
I am a fan of The Great Courses, but I would not purchase another audiobook from Prof. Slezak. I would read a book and do the math or the exercises. My opinion is that he spends way too much time calculating rates of return, yield curves, etc. This is simply put, too much detail. It is really difficult to listen to someone doing math as opposed to following along on a piece of paper or a blackboard. I quit halfway through the program.
No. I would buy his book or attend a lecture, but will not spend time listening to him doing math to four significant digits.
I hope you do not misunderstand me. I am not saying this in a disrespectful way. However I believe this program would be a lot better if he gave more insight into the the world of investment as opposed to doing financial math.
"Too many math formulas"
I love math, but the author speaks so quickly that i get lost following his discussion of various investment formulas. After 3-hours of listening, seems like most of this audio book focuses on financial math and formulas; not investments.
"good course content wise but not for audible"
support materials are mandatory - the audio content is not sufficient, too many formulas and graph references.
"Hard To Follow Without Documentation"
This is a great course with a lot of great information and that is the problem. Without the documentation, that Audible does not provide, this is a very very hard course to follow by just listening.
Yes once you starting providing the documentation/text he would be using with the course.
"Yes its Advanced!"
No, and the PDF can be printed out. I strongly suggest you print sections as you go if you want to get the most out of this audiobook/ lecture.
Yes, they are the best!
Some of these reviews are bias! Yes its heavy in mathematics because valuation formulas, derivative pricing and every other mathematical example used in this audiobook/lecture that is used by professionals is mathematics heavy! My advice is brush up on your statistics. I am not a math person but I'm trying to learn to better my skills in finance. I have listened to this book a few times and it was not until I took a basic statistic class that I actually began to understand some of the terminology used in this book.
This information is essential if you are out to master investing, even for the novice investor.
"Detail and descriptions"
Very knowledgeable although to Hard to follow without notes or examples on paper. Generally like the great course content. This course is one that you need to engage with with example. This is especially that case if you don't have foundation in the subject.
"Certainly Advanced, Portfolio Theory"
The audiobook goes over elements of 'portfolio theory' with detailed discussions of bond pricing, risk and returns as beta and alpha, and then some options/futures investing. Most of it went over my head, but for those who are comfortable with the basic terms, it is sufficiently advanced as a next step.
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