Publications

The Investor's Paradox

Type
Link
Cost
Paid
Published
2014
Full Name
The Investor's Paradox: The Power of Simplicity in a World of Overwhelming Choice

The Investor's Paradox leverages the fresh insights of behavioral economics to demystify the opaque world of elite hedge funds. It explores why hedge funds have recently become such a controversial and disruptive force. It lights a path toward simplicity in a world of dangerous markets and overwhelming choice. Written in accessible, jargon-free language, with a healthy skepticism of today's money management industry, The Investor's Paradox offers not only practical tools for investment success but also a message of empowerment for investors drowning in possibility.

Praise for The Investor's Paradox


Brian Portnoy has produced the first great text on picking fund managers. It not only includes decades worth of valuable insights, but it's also one of the best-written investment books you'll ever find.” 

— Don Phillips, Morningstar


The Investor's Paradox is totally original, thoroughly engaging, and remarkably well written. It must be considered an important contribution to the literature on how we make decisions about investments in the real world. This book is consistently insightful and often entertaining, offering many examples based on Portnoy's broad experiences.”

— Emmanuel Roman, CEO, Man Group


“The Investors' Paradox addresses the far more relevant topic of manager selection, and it does this superbly. Building from his deep understanding of human behavioral biases, Portnoy's structured approach to evaluating skill cuts through the noise of past performance and marketing materials to deliver a clear and creative framework for choosing investment advisors.”

— Mark Carhart, Chief Investment Officer, Kepos Capital


The Investor's Paradox has arrived at just the right time. We face an unprecedented amount of choice in implementing investment strategies, and this insightful book helps filter out the noise to home in on what matters when making these critical decisions, whether you are a sophisticated allocator or an individual investor.” 

— Ted Seides, Co-Chief Investment Officer and President, Protege Partners


The Investor's Paradox demystifies the opaque world of hedge funds. Portnoy offers practical advice on the limits of mass-market mutual funds and the false dichotomy between traditional mutual funds and alternative investments such as hedge funds.” 

— The Philadelphia Enquirer