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.
課程信息
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學生職業成果
14%
完成這些課程後已開始新的職業生涯
21%
通過此課程獲得實實在在的工作福利
您將獲得的技能
Portfolio ConstructionInvestment StyleCognitive BiasInvestment
學生職業成果
14%
完成這些課程後已開始新的職業生涯
21%
通過此課程獲得實實在在的工作福利
100% 在線
立即開始，按照自己的計劃學習。
第 2 門課程（共 5 門）
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完成時間大約為16 小時
建議：7 hours/week
英語（English）
字幕：英語（English）
教學大綱 - 您將從這門課程中學到什麼
完成時間為 1 小時
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.
完成時間為 1 小時
7 個視頻 （總計 36 分鐘）, 2 個閱讀材料, 3 個測驗
7 個視頻
An example: buying is easy, but when is it a good time to sell? - Buying7分鐘
An example: buying is easy, but when is it a good time to sell? - Holding3分鐘
An example: buying is easy, but when is it a good time to sell? - Selling10分鐘
The key things you need to know to define your investment profile - UBS guest speaker4分鐘
What you will learn in this Module1分鐘
Rational decision making7分鐘
2 個閱讀材料
Course syllabus5分鐘
Glossary10分鐘
3 個練習
Practice quiz on the relevant content of Course 1 (Understanding Financial Markets)10分鐘
Guess 2/3 of the average2分鐘
Graded quiz on the content of Week 110分鐘
完成時間為 2 小時
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.
完成時間為 2 小時
15 個視頻 （總計 83 分鐘）
15 個視頻
The basic steps in investment2分鐘
Biases when choosing which assets to look at3分鐘
Biases when processing financial information4分鐘
Biases when rebalancing you portfolio4分鐘
Biases when evaluating performance2分鐘
Wrap up3分鐘
How our emotions impact our investment decisions4分鐘
Why we trade6分鐘
What can we learn from this?9分鐘
The role of media in financial markets10分鐘
Honesty and trust in investment decision making - Study design10分鐘
Honesty and trust in investment decision making - Study results5分鐘
Impact Investing - UBS guest speaker4分鐘
Are emotions always a bad thing in investing?4分鐘
1 個練習
Graded quiz on the content of Week 210分鐘
完成時間為 3 小時
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.
完成時間為 3 小時
18 個視頻 （總計 138 分鐘）
18 個視頻
Defining market efficiency6分鐘
Testing for the efficient market hypothesis: Weak form7分鐘
Testing for the efficient market hypothesis: Semi strong form6分鐘
Testing for the efficient market hypothesis: Strong form4分鐘
Overview of different origins of financial crises3分鐘
A first example for the development and fallout of a real crisis: the VW scandal4分鐘
A second example for the development and fallout of a real crisis: oil shocks - 1970s8分鐘
A second example for the development and fallout of a real crisis: oil shocks - 2000s6分鐘
A first example of an anticipation crisis: 1987 - The "Fed Model"9分鐘
A first example of an anticipation crisis: 1987 - The crash8分鐘
A second example of an anticipation crisis: 200010分鐘
The perfect storm: the global financial crisis - Global imbalances9分鐘
The perfect storm: the global financial crisis - Policy errors9分鐘
The perfect storm: the global financial crisis - Lax regulation7分鐘
How do central banks deal with the issue of financial (in)stability? - Course 1 recap10分鐘
How do central banks deal with the issue of financial (in)stability? - Asset prices8分鐘
An interview with Prof. Jean-Pierre Danthine16分鐘
2 個練習
Graded quiz on market efficiency10分鐘
Graded quiz on the origins of financial bubbles and crises10分鐘
完成時間為 2 小時
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.
完成時間為 2 小時
11 個視頻 （總計 87 分鐘）
11 個視頻
Building a portfolio the top-down way – Definition8分鐘
Building a portfolio the top-down way – Use7分鐘
Building a portfolio the top-down way – Importance6分鐘
Portfolio construction via bottom-up - UBS guest speaker7分鐘
Value versus growth12分鐘
Fundamental or quantitative driven style? - UBS guest speaker3分鐘
Contrarian versus momentum - Momentum10分鐘
Contrarian versus momentum - Contrarian8分鐘
Core & satellite11分鐘
Thematic investing - UBS guest speaker3分鐘
2 個練習
Graded quiz on portfolio construction10分鐘
Graded quiz on investment styles10分鐘
審閱
4.8
來自MEETING INVESTORS' GOALS的熱門評論
由 MB 提供Nov 22, 2016
I heartily thank everyone participate in this course . this course gave me a comprehensive knowledge about different types of investment styles and the optimum way to build an investment portfolio .
由 MU 提供Oct 22, 2016
I love this course because I was planning to start investing in the Bovespa (Sao Paulo, Brazil) following only the guides of sensational analysts. This course recommends being cautious. Thank you.
由 DA 提供Dec 4, 2016
One of the best courses I've found about investment strategies and styles. It was also very interesting the impact of emotions and cognitive biases in our investment decisions. Highly recommended.
由 SX 提供Mar 4, 2019
Excellent coverage of topics. Personal favorite was the behavioral aspects in investing- the biases. Great practical industry insights from the UBS team as well. Highly recommended course.
關於 日内瓦大学
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.
關於 投资管理 專項課程
In this Specialization, you will understand how investment strategies are designed to reach financial goals in a global context. You will learn the theory that underlies strong investment decisions, as well as practical, real-world skills that you can apply when discussing investment proposals with your advisor, managing your personal assets or your client’s investment portfolio. You will start by developing a global understanding of financial markets and what impacts rational and irrational behaviors have in finance at the micro and macro levels. You will then learn how to adequately build and manage a portfolio with a long-term view while gaining an appreciation for novel research advances in finance and related areas as well as future trends that are shaping the investment management industry. In the final Capstone Project, you will create a sensible 5-year investment plan that accounts for an investor's goals and constraints in a dynamic economic landscape. Key speakers from UBS, our corporate partner, will contribute to this specialization by providing you with practical insights they have gathered through years of experience working for the world’s largest wealth manager.
Director of this Specialization and main teaching contributor: Dr. Michel Girardin, Lecturer in Macro-Finance, University of Geneva
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