{"product_id":"competitive-advantage-in-investing","title":"Competitive Advantage in Investing","description":"\u003cp\u003e\u003cb\u003eA guide for building and sustaining portfolios that generate excess returns\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eBridging the theoretical and the practical, \u003ci\u003eCompetitive Advantage in Investing\u003c\/i\u003e presents new insights on how investors use their unique strengths and weaknesses to identify investment opportunities that are likely unavailable to their competitors. Investing is a competitive business, and, like any other business, creating competitive advantage is key to success. When the theory of competitive advantage is integrated with classic models of risk, return, and diversification, the result is a powerful strategy for understanding market behavior and generating financial performance.\u003c\/p\u003e \u003cp\u003eThis book examines key factors that determine investors’ areas of advantage, including\u003c\/p\u003e \u003cul\u003e \u003cli\u003eAbility to expand into new areas or respond to investment opportunity\u003c\/li\u003e \u003cli\u003eOpportunities to leverage, deleverage, or tailor the risk and return in existing assets\u003c\/li\u003e \u003cli\u003eAccess to information, competitive accounting scenarios, and tax advantages\u003c\/li\u003e \u003cli\u003eRegulatory and political advantages \u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eIn practice, the highest performing portfolios specialize around their strengths. Until now, formal investment theory has ignored this market reality. This book is important for both academic and professional readers, showing why some portfolios consistently outperform others.\u003c\/p\u003e \u003cp\u003eSubscribe to our free Finance and Investing eNewsletter at wiley.com\/enewsletters\u003cbr\u003e\u003cbr\u003eVisit wileyfinance.com\u003c\/p\u003e","brand":"Steven Abrahams","offers":[{"title":"Default Title","offer_id":42859985076285,"sku":"9781119619840","price":74.66,"currency_code":"AUD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0597\/7689\/2989\/files\/9781119619840_e5b777ae-ff8d-41f9-8b05-9f66c73f51c4.jpg?v=1767070361","url":"https:\/\/www.palmleaf.com.au\/products\/competitive-advantage-in-investing","provider":"Palmleaf","version":"1.0","type":"link"}