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Advanced Investments

By: Steve L. Slezak, The Great Courses
Narrated by: Steve L. Slezak
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Summary

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
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About as technical as could be for an Audible

There were difficult bits to listen to without seeing the formulates eg. the chapters on bond pricing and standard deviation. I would have struggled if I wasn't already familiar with the material. There was lots on the CAPM model. I would have liked more on the 3-factor and 5-factor equity return models but at least they were mentioned. There are few useful internet sites of analysis mentioned which I will check out.
Overall, stay in the equity market over the long term and be prepared for large drawdowns (but don't panic and sell), and stay diversified.

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Excellent insight to financial calculation

Wish I had this set of lectures available to complement my studies at university.

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Great course ! Professional approach to investing.

Love the chapters about fixed income with all calculations. I highly recommend to download notes from the course which are available in PDF format.

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Does not work as an audio book

It might be a good book, but not in audio format. It has good accompanying materials, but without looking it is very hard to follow. Some other lecturers manage to describe calculations by explaining what goes into the formula and how its arguments impact the result, but here umpteen formulae are red as they are seen on paper. The reason I choose audiobooks over text versions is the ability to free my eyes and hands for other tasks.

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Not the most interesting subject, but made worse

I have a keen but amateur interest in investments and the stock market. This audiobook was so dull I couldn't finish it unfortunately.

I've listened and read a lot of audiobooks and normal books on the subject and this is the only one that I found 'boring' - I appreciate it's a dry subject but it's one that many others have got far more out of.

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