Eugene Fama, the father of the Nobel Prize in Economics and the valid market hypothesis, believes that the amount of momentum is everywhere.

Since the 19th century, momentum is an effective investment strategy.But what is momentum?Why is the amount of momentum effective?How to transform the concept of momentum into an operable investment model?The author of this book Gari Antonqi created a dual -volume investment method and verified in the market: only one American stock index, a global stock index that does not include the United States, and a comprehensive bond index, obtained obtainedLong -term investment returns are twice that of the world's stock market in the past 40 years, and can avoid losses in the short market.

This book is a classic must -read work of momentum investment.The author Antonna designed a simple and easy -to -run dual -volume strategy, only using a US stock index, a global stock index that does not include the United States, and a comprehensive bond index.The long -term return on investment is twice that of the world's stock market in the past 40 years, and it can avoid the losses in the short market.What is the momentum?Why is the dual -momentum strategy effective?How to use this strategy?The method provided by this book has been verified by the market, and has obtained a strong recommendation of a large number of masters such as Eddie Cockta, a talented trader in Wall Street.This book has won the National Personal Investment and Financial Book Award and was shortlisted for the Global Personal Investment and Financial Book Award.

Gali Anton Nachi

Harvard's MBA, in the nearly 40 years of investment career, he focused on those investment opportunities that have not been excavated and achieved excellent investment performance.He has a superb theoretical accomplishment and rich investment experience, and has won the first place in the Wagner Award of the National Investment Manager Association's famous award.

Gary Antonaqi took us to comprehensively investigate various investment methods, analyze their advantages and disadvantages, and use cases to effectively explain how absolute momentum and relative momentum are combined.I think "Dual -During Investment" is the basic reference book for fund managers and investors.

—— Eddie Sekota, Wall Street Genius trader

"Double Investment" will always change your views on investment and asset allocation strategies.This book is a must -read for individual investors and asset managers.

——Bob Florich, former deputy director of Deutsche Asset Management Company

Gari Antonqi's "Dual Dimension Investment" opened a secret world that has been ignored by people -momentum investment, for decades, this secret has been hidden in front of us.This book allows us to see the power of momentum investment.

——Gute Powell, chairman of B & J; Co., Ltd.

Chapter 1 Global's First Index Fund

Chapter 2 All Rise ... Continue to rise

Chapter III Theory of Modern Investment Portrait -Principles and Practice

Chapter IV Terminal and irrational explanation of momentum

Chapter 5 Asset Selection -Good, Bad and Ugly

Chapter 6 Smart Beta and Urban Legend

Chapter 7 Risk Measurement and Management

Chapter 8 Global stock momentum

Chapter 9 Better momentum

Chapter 10 Conclusion

Appendix B Absolute momentum -a simple investment strategy based on rules or universal auxiliary strategies that operate in the trend

Eugene Fama, the father of the 2014 Nobel Prize in Economics and PEG, described momentum as "everywhere".Dr. Fama is not a casual speech.Although the amount of momentum is everywhere, it is strange that it is still misunderstood by investors.Fortunately, Gary Antonacci now fills this gap.Gali's "Dual -Dimensive Investment" can be described as a classic of "transcending theory and practice". It spans the gap between theoretical experts and practitioners: the former can present them in the vast academic journals.Theoretical research, the latter uses their vague understanding of the momentum to obtain excess returns.Garry used his professional knowledge in these two fields to create a momentum -based asset allocation strategy. It is very solid, simple and feasible, and the historical records also show that this strategy has obtained considerable post -income after the risk adjustment.

If you still have skepticism of the philosophy of Garry's dual -volume investment strategy, it is fully understandable because I used to do it.In order to understand the amount of momentum, I have seen many second -rate or even completely ineffective use.Any pragmatic researcher will tell you: "You can choose to believe, but you must verify it." After our wide and strict research, various evidence clearly states that this simple, intuitive and comprehensive model of Gali,It is worth spending time to understand.

I have a friend who once worked as a city merchant in the world's largest emerging debt marketजयपुर स्टॉक. Although he is only 40 years old, he has decided to retire to Miami.He once told me: "The rise in prices attracts the buyer and the price declines attracts the seller." In other words, what my friend said was the so -called "momentum."Garry brought the momentum phenomenon that each trader could intuitively understand and use to a higher level and was accepted by all investors.

Why can books like "Dual -Dimension Investment" take so much work?The answer is obvious: such books require special authors, and there is only one Gali.In the world of dynamics, he is a very special one.My relationship with Gali comes from a "blog romantic history".At that time, I was looking for a blog Turnkeyanalyst, who was committed to promoting the measurement method of measurement, to find a book about motivation.：A Simple Rule�睟ased Strategy and Universal Trend�睩ollowing Overlay）刚好摆在我的桌子上。My intuitive thought at the time was: "Here -another martial arts who pretended to be serious academic researchers."But when I started to read the article in Gari carefully, it impressed me.This article is well written, simple and clear, and the structure is logical, just like reading an article published in academic journals.I don't know why the author was not hired by university, I had to understand in -depth.

After multiple communication with e -mail and telephone, I decided to meet with Gali in person.As with the progress of many blog romantic history, we arranged a "strange coffee dating" to meet at the 2013 Western Financial Association Annual Conference held in Taihao Lake.I waited in the hall of Hyatt Hotel and watched a group of famous and unknown scholars shuttled around the venues.At this time, a man with curly hair, a man in jeans and short sleeves led the T -shirt, and walked into the hall confidently through the gorgeous double door.He didn't install that academic fan: wearing a nylon jacket and holding a cola can.I pointed at him and asked, "Gali, is it you?" Gama replied with a smile: "Water? Hi, we have to go quickly to participate in the capital seminars related to reward!" From then on, we established through a blog to establish it through a blogThe relationship began to bloom gorgeous romantic flowers.

We were a little late, so we ran straight out of the hall and went straight to the lake. At this time, the financial seminar had begun.When we arrived, we were sweating and pantingइंदौर स्टॉक. It may be unsuccessful to break directly into the conference hall, letting more than 50 professors stare at us.So I suggested: "Gali, let's calm down a little, get cups of coffee, and wait for the next special meeting to participate." At that time, I did not expect that I would hear a special lecture, which is far better than those conference rooms.Special lectures are being held.

Gali held coffee, talked outside, and began to talk about his background."I have participated in the US Army and want to be a medical soldier ..." I interrupted him, "Wait, are you the Vietnam War Veterans? I was the captain of the U.Sलखनऊ निवेश. Marine Corps and the Veterans of the Iraq war." WeLooking at each other, I think this coincidence is very interesting.I know that military backgrounds usually form personality traits that make people more suitable for surviving in the world.Then, Gali continued to describe his unique background: "Yes, I have done a lot of interesting things. I have lived in India for a few years, and I have been a comedian magician for a while.The business school obtained an MBA degree. "Because of confusion, I had to interrupt him:" What are you talking about? "

After about an hour, I listened to Gali describing his various adventure experiences in these years. My mind no longer turned around, and I couldn't help but asked, "Gali, it sounds like you never want to find a real one.Work -Why don't you be a scholar? "You can definitely be!" Of course, as I expected, he replied: "Western, I think I think it is interesting to listen to you.I almost embarked on the same way as you.I asked, "What's wrong?" Gali seemed to have prepared the answer to all the questions. The answer said, "I almost accept this opportunity, but at the time I made a lot of money through the transaction.I don't believe the valid market hypothesis theory, I am worried that I have to give up to make money when I read a doctor, because they say that the market cannot be defeated. "Selection.

So, what is the inspiration of this story?Why do I spend so much work to introduce my relationship and experience?I hope that readers can realize like me that Gali is a special person with special talents.Gali has the ability to integrate different research areas, and then through the simplest expression, it makes me a foreign man like me who understands the concept of momentum, and you can also understand what is going on.Do not misunderstand, Gali does a very challenging job.This requires extensive knowledge and the ability to connect different fields.The reason why I know is because I have tried it.My research on value investment and behavior finance gives me the opportunity to cooperate with others to complete a book "Quantitative Value".I have a conclusion similar to Gali.The book mentioned: (1) I will never become Buffett; (2) historical data tells us that combining a set of systematic decision -making procedures and a reasonable investment philosophy is a wise move to accumulate wealth for a long time.

Garry's book also reminded me: (1) I cannot write as simple as Gary; (2) momentum investment is the most important abnormal phenomenon, and even more important than value abnormal phenomena.I feel a little jealous.

I really want to know what the readers have a masterpiece of Garry about the use of momentum investment.Different from the so -called "classic" in the field of value investment, there is indeed no "classic" writing in the field of momentum investment.Gali's works may immediately become a classic.I believe that this "Dual -Dynamic Investment" should be the first to each person's momentum.I hope everyone likes this book like me. More importantly, I also hope that everyone can gain something and become a better investor.

Wesley R.

Empiritrage Executive Committee

The co -author of "Measurement Value"

Dual -momentum investment: high return and low risk strategy EPUB PDF MOBI TXT e -book download 2024

Dual -volume investment: high return and low risk strategy download EPUB MOBI PDF TXT e -book 2024