Filter by Source
Do you have MyFree DIRECTV?
What are you waiting for?
Nice! Browse MyFree DIRECTV with Yidio.
Ad Info
Seasons
24. Trade Opportunities or Risk?
November 1, 2023
Return to the capital asset pricing model introduced in Lecture 17, evaluating its effectiveness. Then analyze alternatives to CAPM along with anomalies that are at odds with existing models. Close by putting the course into perspective, stressing the wisdom and profit of trusting the market in the long term.
23. Pricing Derivatives
November 1, 2023
Continue your study of derivatives by looking at the two most popular strategies for pricing options: the binomial method and the revolutionary Black-Scholes formula. The key insight of these pricing models is that you can build structures out of existing securities that behave just like the underlying option.
21. Understanding Derivatives
November 1, 2023
Begin your examination of derivative securities, first by defining them and then by looking at option contracts called
20. Market Making and Liquidity
November 1, 2023
Probe the nature of liquidity, learning how it is defined, how to measure it, and when to pay the market price for a liquid security. Many less-well-known stocks may be less liquid. But because they are less well-known, they are more likely to be mispriced, presenting potential trade opportunities.
19. Performance Evaluation
November 1, 2023
How do you know if an actively managed portfolio is producing worthwhile results? Survey several performance metrics: the Sharpe ratio, the Treynor measure, Jensen
18. How to Exploit Mispriced Securities
November 1, 2023
Explore three steps for exploiting mispriced securities. First, investigate the strategy of short selling. Then, develop a measure of mispricing called alpha. Finally, use information about a stock
17. The Capital Asset Pricing Model (CAPM)
November 1, 2023
Study the characteristics of an equilibrium asset pricing model. Then build the most popular version
16. The Behavior of Stock Prices
November 1, 2023
Learn to use regression analysis to quantify the characteristics of a security, particularly its risk and possible mispricing relative to an asset pricing model. One of Professor Slezak
15. Managing Risk in Portfolios
November 1, 2023
Investors do not
14. Modeling Investor Behavior
November 1, 2023
Good investors are not necessarily those who can find good investments, but those who can predict what stocks others will pick. Learn how economists model investor behavior, focusing on the indirect utility function, which can predict people
13. Present Value of Growth Opportunities
November 1, 2023
Use the formulas developed in Lecture 7 to analyze the present value of a firm under different scenarios. By employing a simple model, you will be able to identify how managerial decisions in a well-run company can lead to increased stock price.
12. Value Creation and Stock Prices
November 1, 2023
Consider how the equity returns on two firms that are essentially in the same business can be very different based solely on differences in capital structure. Both can be efficiently priced, but one will have a higher equity return due to its higher leverage and resulting risk.
11. Quantifying Interest Rate Risk
November 1, 2023
Get an intuitive feel for the features that raise or lower interest rate risk on bonds. Practice calculating duration, and discover that the time to maturity may not be particularly close to the duration of a bond. This underscores the importance of focusing on the duration of your bond investments.
10. The Risks in Bonds
November 1, 2023
Learn how to think about the risks of owning bonds. Start by considering interest rate risk. Then examine how default or credit risk affects the yields on bonds. While most investors only want to consider highly rated bonds, significant return can be earned by bearing default risk.
9. The Term Structure of Interest Rates
November 1, 2023
At a given moment, interest rates vary with the time to maturity of different bonds. Examine the yield curve and the term structure of interest rates, learning how to weigh your investment choices. Discover that bond prices are a window to the expected future performance of the market.
8. Bond Pricing
November 1, 2023
Investigate bond pricing, which compared to stock pricing is beautifully predictable
7. Valuation Formulas
November 1, 2023
Explore one of the most basic building blocks of any financial valuation method: the concept of the time value of money. Obtain formulas for present value, future value, and net present value. Then use these tools to solve a problem in retirement planning.
6. Evidence on Efficient Markets
November 1, 2023
Continue your study of the efficient markets hypothesis by investigating data from actual markets. Focus on momentum phenomena and volatility anomalies as possible evidence of market inefficiencies. Are these real opportunities to beat the market or only illusions that snare overconfident investors?
5. The Theory of Efficient Markets
November 1, 2023
Is it possible to make money by actively trading in the market? According to the efficient markets hypothesis, you are better off as a passive investor, because prices almost always reflect true value. Explore three versions of this theory, including the weak form, which holds that prices follow what is called a random walk.
4. The Characteristics of Security Returns
November 1, 2023
Review concepts from probability and statistics that are essential to know in investing. Focus on formulas that measure three characteristics of an asset: its expected return, its return variance (or volatility), and the covariance (or correlation) of its return with the returns on other assets.
3. Mistakes Investors Make
November 1, 2023
It
2. A Framework for Investing
November 1, 2023
Learn how to layer various types of active management strategies on top of a passive market portfolio. Professor Slezak outlines three primary strategies: timing the market, reallocating money across sectors, and picking stocks that may outperform their sector. He also describes shorting and arbitrage.
1. Investment Decisions and Goals
November 1, 2023
When it comes to wealth, more is better. But how important is liquidity to you? How important is risk? How important is being able to leave a legacy to members of your family or to causes you hold dear? As preparation for the course, consider these and other personal goals.
Description
Deepen your understanding of the financial markets with 24 informative lectures that teach you to manage risk, seize opportunities, and think like an economist to maximize the value you get out of your investments.
Advanced Investments is a series that ran for 1 seasons (23 episodes) between November 1, 2023 and on The Great Courses
Where to Watch Advanced Investments
Advanced Investments is available for streaming on the The Great Courses website, both individual episodes and full seasons. You can also watch Advanced Investments on demand at Amazon Prime and Amazon.
-
Channel
-
Premiere DateNovember 1, 2023
-
MyFreeDIRECTV is a new free premium TV experience.
-
Enjoy a curated selection of popular free live channels and On Demand library.
-
Try the DIRECTV experience - All you need is the DIRECTV app.
MyFreeDIRECTV is a new free premium TV experience.
Enjoy a curated selection of popular free live channels and On Demand library.
Try the DIRECTV experience - All you need is the DIRECTV app.
Ad Info
