About 75 percent of active investors consistently deliver returns below those of passive index funds. Why? In part, it's because proven methods for valuing assets are too complex to apply-causing inve
用户评论
soft copy;hard copy
前边细读中间开始超略读。整本书建立在DCF Model上,但是expectation Investing的整个框架设计建立在consensus之上,非常学术。I actually don’t think it is a good way to learn investment based on academic research. Besides, the authors was too sure about this methodology.