5 New Books Reviewed - Capital Allocation, TBTF

● Capital Allocators: How the world’s elite money managers lead and invest
Ted Seides
Review via fin|news
Ted Seides wanted to pen an investment book that he would have kept on his desk as he went through his investment career.
The investor and host of the Capital Allocators podcast believes he has done just that with his second book, Capital Allocators: How the World’s Elite Money Managers Lead and Invest…
The book’s content was borne from the insights and best practices of guests appearing on Seides’ podcast, which began as a few friends talking with no particular objective in mind and has turned into an industry-acclaimed must-listen for many.
“One thing led to another, and now it’s four years later, five million downloads and 200 conversations. I wanted to take some of the best lessons and put them down on paper,” said Seides, the former president and co-cio of hedge fund-of-funds Protégé Partners who also worked under CIO David Swensen at Yale University’s investments office.

 

● Better than Alpha: Three Steps to Capturing Excess Returns in a Changing World
Christopher M. Schelling
Summary via publisher (McGraw Hill)
The concept of beating markets is nothing more than hype. Successful investors don’t find “alpha,” they find value—and that’s what this book helps you do. Better Than Alpha provides the perspective, insights, and tools you need to retrain your focus away from searching for alpha and toward actions that produce superior investment outcomes. It explains why strategies based on “beating the markets” are doomed to failure and provides a simple three-step framework—Behavior (smart thinking), Process (smart habits), and Organization (smart governance)—for making better investment decisions. You’ll gain a deeper understanding of what drives investment returns, how superstar investment managers generated excess returns in the past, why behavioral finance drives investors to make poor decisions, and why strategies that worked in the past don’t necessarily make sense today.

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Disclosures: None.

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