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Searching for Alpha
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Searching for Alpha

The Quest for Exceptional Investment Performance

Ben Warwick
Wiley, 2000

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Editorial Rating

9

Qualities

  • Innovative
  • Applicable

Recommendation

By turns technical, analytical and anecdotal, Ben Warwick’s expert investment guide takes you on a whirlwind tour of modern investment theory and practice. Accessible enough to reward dabblers in the field, this book at the same time raises serious issues and attempts to, if not explain them completely, at least point you down the path to financial enlightenment. Abstract or downright abstruse concepts are generously illuminated by side trips into the worlds of one-armed oil wildcatters, Beethoven, Dom Perignon and the mathematician who managed to stop Napoleon’s invading armies. getabstract recommends this book as one of the finest overviews of financial theory, technique and practice ever to grace our library’s shelves.

Take-Aways

  • Significant differences exist between investing in a stock and investing in the market.
  • The mutual fund industry will always underperform the overall stock market.
  • Alpha is the portion of an investment fund’s return generated solely by the skills of the portfolio manager.

About the Author

Ben Warwick  is a principal of The Bornhoft Investment Group, a registered investment advisor specializing in alternative investments, and of Warwick Capital Management, a quantitative trading firm. He holds his B.S. in Chemical Engineering from the University of Florida and an M.B.A. from the University of North Carolina, and has authored three previous books on finance and investing. A resident of Denver, Colorado, he is the Market View columnist for worldyinvestor.com, a financial Web site.

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