Notice bibliographique
- Notice
Type(s) de contenu et mode(s) de consultation : Texte noté : sans médiation
Auteur(s) : Blanqué, Pascal (1964-....)
Titre(s) : Essays in positive investment management [Texte imprimé] / Pascal Blanqué
Édition : 3rd ed.
Publication : Paris : Economica, DL 2019
Impression : 58-Clamecy : Impr. Laballery
Description matérielle : 1 vol. (551 p.) : ill. ; 25 cm
Note(s) : Bibliogr. p. 517-539
Sujet(s) : Gestion de portefeuille
Indice(s) Dewey :
332.6 (23e éd.) = Investissement
Identifiants, prix et caractéristiques : ISBN 978-2-7178-7076-3 (rel.) : 89 EUR
EAN 9782717870763
Identifiant de la notice : ark:/12148/cb45779126z
Notice n° :
FRBNF45779126
Résumé : “For a thought-provoking discussion of the problems of investing in central bank-infested
markets, I strongly recommend Pascal Blanque's book” John Plender, Financial Times.
“It is rare to come across an incumbent top-level investment professional today who
questions the worth of virtually every tool of his or her trade” Amin Rajan, CEO Create
Research, in Financial Times. “Pascal Blanqué contends that liquidity is a dimension
clearly missing from the thinking of investors” Liam Kennedy, Investment & Pensions
Europe. There are few people with better insight into investment management than Pascal
Blanqué. After the warm welcome with which the book Essays in Positive Investment
Management was received, the author is publishing a third, expanded edition. Here
he reports on situations experienced by investors which clearly break the rules and
norms of accepted rationality, for example when a fall in the price of an asset is
accompanied, contrary to the classical hypotheses, by a fall in demand. He outlines
a general theory of the fields of choice and the marginal rates of substitution within
the framework of a specific referential of the economic Subject, of a psychological
nature and structured by time-values, and the framework of a limited rationality.
In this important and timely book, Blanqué made a powerful claim for positive investment
in order to avoid fanciful illusions. He assigned it the task of understanding what
is happening in today's world. Blanqué argued that the investment world contains many
elements of a fairy tale and showed that a mere confrontation with reality leaves
its mark on the impressive procession of theoretical, sacred cows, of established
beliefs and truths. As does the confrontation with crises. These essays accordingly
included an objective assessment of the discipline's sacred cows and explored a number
of ways to renew the traditional approaches. The book contains, in particular, a discussion
of the notion of liquidity as the missing e [source éditeur]
