Ben Graham Was a Quant: Raising the IQ of the Intelligent Investor (Wiley Finance)

Thepioneerofvalueinvesting,BenjaminGraham,believedinaphilosophythatcontinuestobefollowedbysomeoftoday'smostsuccessfulinvestors,suchasWarrenBuffett.Partofthisphilosophyincludesadheringtoyourstockselectionprocesscome"hellorhighwater,"which,inhisview,wasoneofthemostimportantaspectsofinvesting.So,ifaquantdesignsandimplementsmathematicalmodelsforpredictingstockormarketmovements,whatbetterwaytoremainobjectivethantoinvestusingalgorithmsinaquantitativemethod?ThisisexactlywhatBenGrahamWasaQuantwillshowyouhowtodo.Openingwithabriefhistoryofquantitativeinvesting,thisbookquicklymovesontofocusonthefundamentalandfinancialfactorsusedinselecting"Graham"stocks,demonstratehowtotestthesefactorswithcurrentsoftware,anddiscusshowtocombinethemintoaquantitativemodel.Alongtheway,BenGrahamWasaQuantalsotakesthetimetodefinethesearchforAlphaandexplainwhatitis,highlightsomeoftheinadequaciesofmodernportfoliotheory,andintroducespecificriskmeasuresyoushouldbecomefamiliarwith.Oneofthebestaspectsofquantitativeinvestingisthatitultimatelyleadstodisciplined,andintelligent,investing.BenGrahamWasaQuantwillhelpyouachievethisgoalbycodifyingGraham'svaluephilosophyandcombiningitwithquantitativemethods—allwhileusingaminimumofmathematics.Withthisbookasyourguide,you'lldiscoverabetterwaytoinvest,asyoulearnhowtocreatequantitativemodelsthatfollowinthefootstepsofGraham'sprovenvalueapproach.