{"product_id":"goal-based-investing-romain-deguest-9789811240942","title":"Goal-Based Investing: Theory and Practice","description":"Goal-based investing is a new paradigm that is expected to have a profound and long-lasting impact on the wealth management industry. This book presents the concept in detail and introduces a general operational framework that can be used by financial advisors to help individual investors optimally allocate their wealth by identifying performance-seeking assets and hedging assets. Grounded in the principles of asset pricing and portfolio optimisation, the goal-based investing approach leads to the design of investment solutions that truly respond to investors' problems, which can most often be summarized as follows: secure essential goals with the highest confidence level and maximize the chances to reach aspirational goals.A series of case studies guides the reader through the implementation of goal-based investing, illustrates the efficiency of this paradigm and explains how one can accommodate a variety of implementation features such as taxes, short-sales constraints, parameter estimation risk, as well as limited customisation.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAuthor:\u003c\/b\u003e Romain Deguest, Lionel Martellini, Vincent Milhau\u003cbr\u003e\u003cb\u003eISBN-10:\u003c\/b\u003e 9811240949\u003cbr\u003e\u003cb\u003eISBN-13:\u003c\/b\u003e 9789811240942\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e World Scientific Publishing Company\u003cbr\u003e\u003cb\u003eLanguage:\u003c\/b\u003e English\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 07\/27\/2021\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 324\u003cbr\u003e\u003cb\u003eFormat:\u003c\/b\u003e Hardcover\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 1.33lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 9.00h x 6.00w x 0.75d","brand":"Romain Deguest","offers":[{"title":"Hardcover","offer_id":43993145245951,"sku":"9789811240942","price":78.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0662\/2982\/9887\/files\/img_96b9796f-e368-44e4-9010-01f5f68baa55.jpg?v=1683322762","url":"https:\/\/www.whiterainbookhouse.com\/products\/goal-based-investing-romain-deguest-9789811240942","provider":"WR Book House","version":"1.0","type":"link"}