Reviews

Praises  and Review for "Successful Investing is a Process"

"Should I want advice about the construction and the dynamic management of an investment portfolio, Jacques Lussier would be my first telephone call."

Nassim N. Taleb, essayist, risk scientist, and former derivatives trader; author of The Black Swan and Antifragile

"For the serious investor, Jacques Lussier provides a careful and clearly written analysis of what can and should be done to manage investments in a professional market where fees are large relative to value added. Successful Investing is a Process is always clear, always interesting and always educating."

Charles D. Ellis, founder of Greenwich Associates, Chair of the CFA Institute, associate editor of The Journal of Portfolio Management and Financial Analysts Journal; author of 16 books including Winning the Loser's Game

"Successful Investing is a Process. It's not just a book title but an often-ignored reality. Jacques Lussier has done a superb job of synthesizing many of the developments in modern finance theory and practice into a well-crafted 'owner's manual' for building a successful investing process. This is an important book for any investor or fiduciary who wants to weather the likely challenges that the coming years seem likely to impose on us."

Rob Arnott, founder of Research Affiliates, former chairman of First Quadrant, editor of the Financial Analysts Journal; co-author of The Fundamental Index: A Better Way to Invest

"Jacques Lussier is quite right. Investing IS a process, and not a formula. There is something for every kind of investment professional in this useful book. I rediscovered much I had learned over thirty years in this profession, but had perhaps forgotten. I appreciated, too, much that I do remember; it's good to have it all in one place. But most of all I appreciate the large amount of material that I had missed. The scope of Jacques' book is encyclopedic. This is one of those rare books that will command a permanent place on the limited real estate available on an investor's trading desk."

Vinay Pande, Partner at Brevan Howard, former Chief Investment Advisor at Deutsche Bank

"Lussier offers credible new views on benchmarking and outperformance, gleaned from his own experience and his broad and critical survey of current academic and practitioner research, in particular the insight that investors should let the market underperform their investment protocols instead of attempting to beat the market at all costs. Lussier's book is an impressive achievement written by an accomplished veteran of the asset management industry."

Yves Choueifaty, founder of TOBAM, former CEO of Credit Lyonnais Asset Management

Lussier has written an excellent serious book for serious professional investors. The emphasis is on the investment process and especially portfolio construction -- describing, comparing and assessing smart systematic ways to achieve long-run outperformance. Every chapter is carefully crafted and every argument thoughtfully made. A very valuable resource, though clearly targeted to a pretty sophisticated audience.
Antti Ilmanen – On Amazon.com

 

Praises for "Rational Investing"

This book takes a refreshing perspective: To excel at investment management, it is essential to identify the structural components of performance as well as the challenges of successfully executing on each component. This book should be required reading for any investor―whether institutional or individual.

— Campbell Harvey, Fuqua School of Business, Duke University

This wonderful book packs into two hundred pages the central elements you need for successful investing. Essentials include identifying long-run return sources you understand and can believe in, cost-effectively constructing well-diversified portfolios across them while respecting your constraints, and avoiding common behavioral pitfalls. You learn to appreciate the role of luck in realized returns and to look beyond luck by better understanding the systematic factors driving your portfolio―or any asset manager's portfolio. Read it!

Antti Ilmanen, author, Expected Returns: An Investor's Guide to Harvesting Market Rewards

Strongly based on solid research and clearly written, this important book is a great way to invest a day in increasing your investment success.

—  Charles D. Ellis, author, The Index Revolution and Winning the Loser's Game

Well-researched and grounded in academic literature, Hugues and Lussier's book asks the important question: What drives long-term investment performance? Professionals and portfolio managers will find many gems in this book.

—  Anurag Sharma, University of Massachussetts – Amherst

Message from CFA Institute's Director and from the Author about "Investment Principles"

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