Informações sobre o curso: In this course, you will dive into the concepts of rationality and irrationality and understand how they impact our investment decisions and what the consequences can be at the market level. You will first explore the different biases that we, as humans, are subjected to when facing investment decisions and how they may impact the outcomes of these decisions. Moreover, you will see how emotions and ethical concerns such as honesty and trust influence market participants. When they are considered as a group rather than individually, you will discover how rationality and irrationality can drive asset prices to and away from their fair value. Finally, you will be presented with different portfolio construction methodologies and investment styles that make up the landscape of today's portfolio management industry. At key points throughout the course, you will benefit from the practical knowledge of experts from our corporate partner, UBS, in how to build and manage clients' portfolios.
Desenvolvido por: University of Geneva
Ministrado por: University of Geneva- Tony Berrada, SFI Associate Professor of Finance
Geneva Finance Research InstituteMinistrado por: University of Geneva- Jonas Demaurex, Teaching Assistant
Geneva Finance Research InstituteMinistrado por: University of Geneva- Rajna Gibson Brandon, SFI Senior Chaired Professor of Finance and Managing Director of the GFRI
Geneva Finance Research InstituteMinistrado por: University of Geneva- Michel Girardin, Lecturer in Macro-Finance - Project Leader for the "Investment Management" specialization
Geneva Finance Research InstituteMinistrado por: University of Geneva- Kerstin Preuschoff, Associate Professor of Neurofinance and Neuroeconomics
Geneva Finance Research InstituteMinistrado por: University of Geneva- Olivier Scaillet, SFI Senior Chaired Professor of Finance and Vice-dean (research) at GSEM
Geneva Finance Research InstituteMinistrado por: University of Geneva- Philip Valta, SFI Assistant Professor of Finance
Geneva Finance Research Institute
| Informações básicas | Curso 2 de 5 no Investment Management Specialization |
| Idioma | English |
| Como ser aprovado | Seja aprovado em todas as tarefas para concluir o curso. |
| Classificação do usuário |
Programa
SEMANA 1
General Introduction and Key Concepts
In this introductory week, we will start by illustrating how emotions can hinder sensible investment decisions. You will then have the opportunity to check if you master the concepts of the first course that are important for this second course. Finally, we will lay the ground for next week’s content by looking at rational decision making.
7 videos, 2 leituras, 2 testes para praticar
- 阅读: Course syllabus
- Vídeo: An example: buying is easy, but when is it a good time to sell? - Buying
- Vídeo: An example: buying is easy, but when is it a good time to sell? - Holding
- Vídeo: An example: buying is easy, but when is it a good time to sell? - Selling
- 讨论提示: What about you?
- Vídeo: The key things you need to know to define your investment profile - UBS guest speaker
- 练习测验: Practice quiz on the relevant content of Course 1 (Understanding Financial Markets)
- 阅读: Glossary
- Vídeo: What you will learn in this Module
- 练习测验: Guess 2/3 of the average
- Vídeo: Rational decision making
Nota atribuída: Graded quiz on the content of Week 1
SEMANA 2
How Individuals Make Financial Decisions
The focus of this second week is on you, the investor: what are the reasons you participate in financial markets? How do you make investment decisions? What can go wrong in your decision process and what are the consequences? What can you do about it? To answer these questions, we will talk about cognitive biases, emotions and moral values and their respective link with investment decisions.
15 videos
- Vídeo: The basic steps in investment
- Vídeo: Biases when choosing which assets to look at
- Vídeo: Biases when processing financial information
- Vídeo: Biases when rebalancing you portfolio
- Vídeo: Biases when evaluating performance
- Vídeo: Wrap up
- Vídeo: How our emotions impact our investment decisions
- Vídeo: Why we trade
- Vídeo: What can we learn from this?
- Vídeo: The role of media in financial markets
- Vídeo: Honesty and trust in investment decision making - Study design
- Vídeo: Honesty and trust in investment decision making - Study results
- 讨论提示: How would you enforce trust?
- Vídeo: Impact Investing - UBS guest speaker
- Vídeo: Are emotions always a bad thing in investing?
Nota atribuída: Cognitive biases
Nota atribuída: Graded quiz on the content of Week 2
SEMANA 3
Market Efficiency, Bubbles & Crises
In this third week, we will have a look at investors’ behavior as a group. How does it impact asset prices? How do these prices reflect available information? What does it imply for the profitability of some trading strategies? What can go wrong in this price formation process and how can (and did) it cause financial bubbles and crises? This week also features as special guest: Prof. Jean-Pierre Danthine, former vice-chairman of the Swiss National Bank, who will offer insights into some of these issues.
18 videos
- Vídeo: Defining market efficiency
- Vídeo: Testing for the efficient market hypothesis: Weak form
- Vídeo: Testing for the efficient market hypothesis: Semi strong form
- Vídeo: Testing for the efficient market hypothesis: Strong form
- 讨论提示: Do you think markets are efficient?
- Vídeo: Overview of different origins of financial crises
- Vídeo: A first example for the development and fallout of a real crisis: the VW scandal
- Vídeo: A second example for the development and fallout of a real crisis: oil shocks - 1970s
- Vídeo: A second example for the development and fallout of a real crisis: oil shocks - 2000s
- Vídeo: A first example of an anticipation crisis: 1987 - The "Fed Model"
- Vídeo: A first example of an anticipation crisis: 1987 - The crash
- Vídeo: A second example of an anticipation crisis: 2000
- Vídeo: The perfect storm: the global financial crisis - Global imbalances
- Vídeo: The perfect storm: the global financial crisis - Policy errors
- Vídeo: The perfect storm: the global financial crisis - Lax regulation
- Vídeo: How do central banks deal with the issue of financial (in)stability? - Course 1 recap
- Vídeo: How do central banks deal with the issue of financial (in)stability? - Asset prices
- Vídeo: An interview with Prof. Jean-Pierre Danthine
Nota atribuída: Graded quiz on market efficiency
Nota atribuída: Graded quiz on the origins of financial bubbles and crises
SEMANA 4
Portfolio Construction and Investment Styles
In this final week, we will look at two main portfolio construction methodologies: top-down and bottom-up. We will see how they differ but also how they can be combined. In the second lesson, we will review some important investment styles that are commonly used in the portfolio management industry. In this final lesson, you will also be given the opportunity to experiment with different trading strategies and compare your results with fellow learners.
11 videos
- Vídeo: Building a portfolio the top-down way – Definition
- Vídeo: Building a portfolio the top-down way – Use
- Vídeo: Building a portfolio the top-down way – Importance
- Vídeo: Portfolio construction via bottom-up - UBS guest speaker
- Vídeo: Value versus growth
- Vídeo: Fundamental or quantitative driven style? - UBS guest speaker
- Vídeo: Contrarian versus momentum - Momentum
- 讨论提示: Give it a try: Momentum
- Vídeo: Contrarian versus momentum - Contrarian
- 讨论提示: Give it a try: Contrarian
- Vídeo: Core & satellite
- Vídeo: Thematic investing - UBS guest speaker
Nota atribuída: Graded quiz on portfolio construction
Nota atribuída: Graded quiz on investment styles
Perguntas frequentes
Como funciona
课程作业
每门课程都像是一本互动的教科书，具有预先录制的视频、测验和项目。
来自同学的帮助
与其他成千上万的学生相联系，对想法进行辩论，讨论课程材料，并寻求帮助来掌握概念。
证书
获得正式认证的作业，并与朋友、同事和雇主分享您的成功。
Desenvolvedores
University of Geneva
Founded in 1559, the University of Geneva (UNIGE) is one of Europe's leading universities. Devoted to research, education and dialogue, the UNIGE shares the international calling of its host city, Geneva, a centre of international and multicultural activities with a venerable cosmopolitan tradition.
Custo
| Comprar curso | |
|---|---|
| Acesso aos materiais do curso | Disponível |
| Acesso a materiais valendo nota | Disponível |
| Receba uma nota final | Disponível |
| Obtenha um Certificado de Curso compartilhável | Disponível |
Classificações e avaliações
exceente
I went into this one a bit sceptical if it was worthwhile. In the end I learnt a lot from this course. A lot of great insights into the basics of successful investment strategies. Knowledge of these concepts can prevent people from the common pitfalls that many novice investors make.
I learnt alot of things I didn't know about Trading, I am truly thankful that I did this course.
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I learnt a lot and am beginning to really appreciate the work that is done by fund managers. I love learning from Dr Michel Girardin. He is always so clear and his enthusiasm is so contagious that I want to learn and try harder. Thank you all so much.