Pre-Reading
Required reading:
Books:
- Ellis, Charles D., Winning the Loser’s Game: Timeless Strategies
for Successful Investing, McGraw-Hill, 2002.
- Hughes, James E. Jr., Family Wealth: Keeping It in the Family, Bloomberg Press 2004
For reference:
- Glossary of Investment Terms, courtesy of Westwood Group
- Barrons, Dictionary of Finance and Investment Terms, courtesy of Marsh Private Client Services
Articles (please read in this order)
- Beyer, Charlotte B, “Working with Professional Money Managers: Balancing Control and Delegation,” Wealthy and Wise, Heidi Steiger, Ed., John Wiley & Sons, 2003
- Marks, Howard, “The Investment Realist’s Creed,” Trusts and Estates, April 2002
- Marston, Richard C., “Risk-adjusted Performance of Portfolios – A Measure of the Consultant’s Value Added,” The Journal of Investment Consulting, Vol. 7, No. 1, Summer 2004 (This is technical and will be fully explained by Prof. Marston.)
Optional reading:
Articles:
- Chhabra, Ashvin B., “Beyond Markowitz: A Comprehensive Wealth Allocation Framework for Individual Investors,” The Journal of Wealth Management, Winter 2004
- Hamilton, Sara and Joline Godfrey, “Preparing the Next Generation for the Responsibilities of Ownership,” The Journal of Wealth Management, Winter 2007
- Jeffrey, Robert H. and Robert D. Arnott, “Is Your Alpha Big Enough To Cover Its Taxes?” The Journal of Portfolio Management, Spring 1993
- Jeffrey, Robert H., “Tax-Efficient Investing Is Easier Said Than Done,” The Journal of Wealth Management, Summer 2001
- Lo, Andrew W., “Reconciling Efficient Markets with Behavioral Finance: The Adaptive Markets,” Journal of Investment Consulting, Vol. 7, No. 2, 2005
- Lowenhaupt, Charles A., “Freedom from Wealth,” The Journal of Wealth Management, Spring 2007
Books:
- Brunel, Jean L.P., Integrated Wealth Management: The New Direction for Portfolio Managers, Euromoney Institutional Investor Plc, 2002
- Hughes, James E. Jr., Family Wealth: Keeping It in the Family, Bloomberg Press 2004.
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