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9780470280195

Applied Portfolio Management: How University of Kansas Students Generate Alpha to Beat the Street

by ;
  • ISBN13:

    9780470280195

  • ISBN10:

    0470280190

  • Format: eBook
  • Copyright: 2008-06-01
  • Publisher: Wiley
  • Purchase Benefits
List Price: $75.00
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Summary

When investment professional Kent McCarthy returned to teach at his alma mater, the University of Kansas, he planted the seeds for the Applied Portfolio Management (APM) program-a course that allows students to manage a real money portfolio, which has compiled a remarkable record of investment success. Now, with this book, you'll discover how to use the concepts covered in this class-from understanding the fundamental drivers of business success to buying at the right price-to enhance your own investment skills.

Table of Contents

Foreword
Preface
Acknowledgements
Introduction to the Applied Portfolio Management Class.
APM History
In the Beginning
How do Beginning Investors Think?
Student Groups û Short-Term Investing and Portfolio Contests
Getting Close to the Information
Onions, Poker, and Ants
What about the Ants?
Things to Come
APM Guidelines
Professional Money Managers
Tactical Asset Allocation and Sector Benchmarking
APM Approach
Wrapping Up
Conventional Wisdom
Diversification and Risk
Efficient Markets
Conclusion
How Students Find An Investment Edge
Build Your Own Information Network
Neglected Firms
Surface Analysis
Wrapping Up
Alpha, Sigma, Beta
APM's Risk and Reward
The Risk-Return Trade-off
Other Risk Measures
Wrapping Up
AppendixRisk and Return Calculations
Building an Investment Case.
Many Ways to be a Successful Investor
Common Traits of Successful Investors
APM's Philosophy
LSB Industries
Wrapping Up
Prepping for a Case
Getting Started
Understand the Business
Ready to Write the Case
Appendix10-K Requirements
Writing a Case
Case Format
Description
Investment Thesis
Next Steps
Gazing into the Crystal Ball
Pro Forma Statements
Pro Forma Financial Statements and Free Cash Flow
Building a Pro Forma
Next Steps
Valuation
Relative Valuation
Discounted Cash Flow Valuation
Investing is Dynamic
AppendixDiscounted Cash Flow Formulas
Class Specials.
Investing in China
Financial Systems in China
Raising Equity in China
Company Example - China Green
Wrapping Up
It's a Big World (After All)
Interceramic
World Commodities
Wrapping Up
AppendixValero's Numbers
Local Biases
American Italian Pasta (PLB)
Novastar Financial (NFI)
Inergy, L.Pand Inergy Holdings, L.P
Tortoise Capital Advisors (and more about Inergy)
Wrapping Up
Making Corporate Governance Pay
Board Issues
Corporate Activists
Oplink Campaign
Wrapping Up
Chapter 15
APM Students
APM Speakers
The Last Word
About the Authors
Index
Table of Contents provided by Publisher. All Rights Reserved.

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